Nomad Foods Limited (NYSE:NOMD) Q1 2024 Earnings Conference Call May 9, 2024 8:30 AM ET

Company Participants

Amit Sharma – Head-Investor Relations
Stéfan Descheemaeker – Chief Executive Officer
Samy Zekhout – Chief Financial Officer

Conference Call Participants

Rob Dickerson – Jefferies
Steve Powers – Deutsche Bank
Jon Tanwanteng – CJS Securities
John Baumgartner – Mizuho Securities

Operator

Good day, ladies and gentlemen, and welcome to the Nomad Foods’ First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note that this conference is being recorded.

I’d now like to turn the conference over to Amit Sharma. Please go ahead, sir.

Amit Sharma

Hello, and welcome to Nomad Foods’ first quarter 2024 earnings call. I’m Amit Sharma, Head of Investor Relations. And I’m joined on the call by Stéfan Descheemaeker, our CEO; and Samy Zekhout, our CFO.

By now, everyone should have access to the earnings release for the period ended March 31, 2024 that was published at approximately 6:45 a.m. Eastern Time. The press release and investor presentation are available on Nomad Foods’ website at www.nomadfoods.com. This call is being webcast and a replay will be available on the company’s website.

This conference call will include forward-looking statements that are based on our view of the company’s prospects, expectations and intentions at this time. Actual results may differ due to risks and uncertainties, which are discussed in our press release, our filings with the SEC and in our investor presentation, which includes cautionary language.

We will also discuss non-IFRS financial measures during the call today. These non-IFRS financial measures should not be considered a replacement for and should be read together with IFRS results. Investors can find the IFRS to non-IFRS reconciliation within our earnings release and in the appendices at the end of the slide presentation available on our website.

Please note that certain financial information within this presentation represents adjusted figures for 2023 and 2024. All adjusted figures have been adjusted primarily for share based payment expenses and related employee payroll taxes, non-operating M&A related costs, acquisition purchase price adjustments, exceptional items and foreign currency translation charges and gains. Unless otherwise noted, comments from here on will refer to those adjusted numbers.

With that, I will hand the call over to Stéfan.

Stéfan Descheemaeker

Thank you, Amit. I would like to begin by offering a few highlights from our first quarter as we made a solid start of the year. I would then offer a few comments on our accelerated growth outlook as we deploy our growth flywheel before handing it over to Samy for a detailed review of our quarterly financial results and 2024 outlook.