#1Nomad Foods Investor Presentation April 2018 Findus iglo Birds Eye#2Disclaimer This presentation has been prepared and issued by Nomad Foods Limited (the "Company"). This Presentation has been provided solely for information and background. The information in this Presentation is provided as at the date of the Presentation (unless stated otherwise). This Presentation does not constitute or form part of, and should not be construed as: (i) an offer, solicitation or invitation to subscribe for, sell or issue, underwrite or otherwise acquire any securities or financial instruments, nor shall it, or the fact of its communication, form the basis of, or be relied upon in connection with, or act as any inducement to enter into any contract or commitment whatsoever with respect to such securities or financial instruments; or (ii) any form of financial opinion, recommendation or investment advice with respect to any securities or financial instruments. Certain statements and matters discussed in this Presentation may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as "aim", "anticipate", "believe", "continue", "estimate", "expect", "intend", "may", "should", "strategy", "will" and words of similar meaning, including all matters that are not historical facts. This presentation includes forward-looking statements related to expected 2017 financial results including revenue growth, cash flow generation, gross margin expansion; expected revenue from new product launches; expected opportunities to increase market share from our captaincy strategy and from smaller competitors; expected growth in the frozen food market; the benefits of focusing on our core products; expected digital spend; the timing and impact of our investments in plant protein; future opportunity to grow through e-commerce and hard discounters; to potential growth in grow frozen occasions; long-term opportunity to grow EBITDA margin; timing of net revenue management initiatives; and expected closing, benefits and financial impact of the Goodfellas acquisition and our ability to meet our long-term revenue, margin, EDBITDA, leverage and cash flow growth objectives. The forward-looking statements in this Presentation speak only as of the date hereof and are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies such as economic conditions and increased competition; delays and lower than expected market acceptance of new products; delayed digital spend; less than expected growth opportunities in e-commerce and hard discounters; longer than expected implementation of, or inability to recognize anticipated benefits from, net revenue management, supply chain optimization and expense discipline initiatives; and a delay in closing, or termination of, the Goodfellas acquisition or less than anticipated related revenue growth or synergies, and other important factors which are difficult or impossible to predict and are beyond its control. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Given these risks and uncertainties, prospective investors are cautioned not to place undue reliance on forward-looking statements. Other than in accordance with its legal or regulatory obligations, the Company is not under any obligation and the Company and its affiliates expressly disclaim any intention, obligation or undertaking to update or revise any forward looking statements, whether as a result of new information, future events or otherwise. This Presentation shall not, under any circumstances, create any implication that there has been no change in the business or affairs of the Company since the date of this Presentation or that the information contained herein is correct as at any time subsequent to its date. No statement in this Presentation is intended as a profit forecast or estimate. Market and competitive position data in this Presentation has generally been obtained from industry publications and surveys or studies conducted by third-party sources. There are limitations with respect to the availability, accuracy, completeness and comparability of such data. The Company has not independently verified such data, can provide no assurance of its accuracy or completeness and is not under any obligation to update, complete, revise or keep current the information contained in this Presentation. Certain statements in this document regarding the market and competitive position data are based on the internal analyses of the Company, which involves certain assumptions and estimates. These internal analyses have not been verified by any independent sources and there can be no assurance that the assumptions or estimates are accurate. This Presentation includes certain additional key performance indicators which are considered non-IFRS financial measures including, updated guidance with respect to organic revenue growth, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted free cash flow, and adjusted free cash flow yield. Nomad Foods believe these non-IFRS financial measures provide an important alternative measure with which to monitor and evaluate the Company's ongoing financial results, as well as to reflect its acquisitions. Nomad Foods' calculation of these financial measures may be different from the calculations used by other companies and comparability may therefore be limited. You should not consider the Company's non-IFRS financial measures an alternative or substitute for the Company's reported results. The Company only provides guidance on a non-IFRS basis and does not provide reconciliations of such forward-looking non-IFRS measures to IFRS due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliations, including adjustments that could be made for restructuring, integration and acquisition-related expenses, share-based compensation amounts, and other charges reflected in the Company's reconciliation of historic numbers, the amount of which, based on historical experience, could be significant. Nomad Foods 2#3Nomad Foods Overview €2B 13 Net Sales Primary Countries Across Western Europe #1 In Western Europe's €25B Savory Frozen Food Category 90% Of Core Portfolio Ranked #1 Or #2 In Market Share 3,800 Company Employees Findus iglo Birds Eye Nomad Foods Source: Company Information; Euromonitor 3#4Nomad Foods Delivered Strong 2017 Results Full Year 2017 Financial Highlights 4% 3% volume/mix 1% price Organic Revenue Growth €328M €1.00 100 bps gross margin expansion 19% growth Adjusted EBITDA Nomad Foods Figures above are approximate and are consistent with updated 2017 financial expectations announced on January 17, 2018 Adjusted EPS 4#5Nomad's 2017 Organic Revenue Growth Was Amongst Best in Class 7% 4% 1% 1% Nomad Foods FCF Yield ~10% 2 peer average FCF yield - 7% -1% -2% -2% -3% -3% Hostess Nomad Foods Post Pinnacle B&G FOODS INC. Campbell's & CONAGRA™ GENERAL MILLS Kellogg's BRANDS. Source: Company Fllings Nomad Foods FCF Yield defined as Free Cash Flow (CY2018 consensus EBITDA less capex, tax and interest) divided by market capitalization. 5#6Company Overview Nomad Foods 6#7A Portfolio Anchored by Three Power Brands Findus Find Svenska ÄRTER iglo Birds Eye Find Navarra BROCCOLI 52% Italy France Spain Sweden Norway Finland Nomad Foods 26% Germany Austria Netherlands Belgium Portugal 22% 米粉 0 UK Ireland Note: percent figures above represent 2017 net revenue mix by brand and excludes non-branded sales, which accounted for approximately 10% of sales in 2017. 7#8Timeless Brands With A Rich Heritage BIRDS EYE FISH FINGERS double delicious! BIRDS EYE Bigger Better Fish Fingers Finest Cod Fillet Crispest coating of Golden Breadcrumbs Now 30g Each same price! Nomad Foods 10Cod Fish Fingers FINGERS BIGGER MORE FISH LINTAS HAMBURG FINDUS FINDUS FINDUS Merluza al Horno a la Provenza Merluza al Homo a la Prove FINDUS elicioso 18 de james croquetes 18 croquetas de jamón filetes de merluza 350grs (5-6plexas) Gewinn mit Käpt'n Iglo! Käpt'n Iglo verlost jede Woche einen VW Polo randvoll mit tollen Spielsachen. Jede Woche Verlosung! Denk Dir aus, was für neue, witzige Figuren man aus Kapt'n Iglo's Fischstäbchen legen kann. Vielleicht hilft Dir Deine Mutter dabei. Deine schönste Idee maist, klebst oder fotografierst Du und schickst sie an Käpt'n Iglo, Langnese-Iglo GmbH, 2000 Hamburg 777. Vergiß Deinen Absender nicht und schreib uns auch, wie alt Du bist. Oder Du rufst an: (069) 726500. Denn Käpt'n Iglo verlost bis zum 7. April 1989 jeden Freitag einen VW Polo CL voll mit Spielsachen (im Gesamt- wert von 17.000 DM). Mach am besten jede Woche mit! (Der Rechtsweg ist ausgeschlossen.) Viel Spaß und Guten Appetit wünscht Dir Käpt'n Iglo! KAPTN IGLO Alimentos Findus Friorizado son unos buenos Filetes de Merluza, unas magníficas Croquetas de Pollo, de Jamón y de Bacalao, una exquisita Merluza al Horno a la Provenzal y unos sabrosos Nórdicos.. y muchos otros buenos platos pensados para usted. Findus Friorizado son alimentos seleccionados. De primera calidad. Con su auténtico sabor natural. Para que usted los prepare rápidamente. Donde esté un plato-sabroso, ahí está Findus. FINDUS FRIORIZADO (Ultracongelados 40 grados baja cero en un tiempo minime, los alimentos Bindus mantenidos en frio como, conservando a todo su sabor, frescar y valor nutrido 8#9Powerful Icons With Strong Brand Awareness DA SCHAFFEN AUCH HALBE PORTIONEN GANZE PORTIONEN. Nomad Foods APTAIN BIRDSE Birds Eye BLUBB Findus CROUSTIBAT QUI PEUT TE BATTRE ! OGNI GIORNO Venerdi Findu LA FRESCHEZZA DEL NOSTRO MERLUZZO PIÙ PREGIATO With LOVE Birds Eye P 300ge Findus 4 Fiori di Merluzzo La parte migliore dei fletti TUTTI I GIORNI SULLA TUA TAVOLA! SCOPRI TANTE GUSTOSE RICETTE SU FINDUS.IT 9#10Diversified Portfolio Anchored In Four Core Frozen Categories 1 FISH 40% OF REVENUES MADE WITH 10 Fish Fingers 100% COD Findus 4 Fiori di Merluzzo" Findus La parte migliore dei filetti COD FILLET Pasatarant Silalla anar Irahi Birds Eye Mi Findus 300 ge Ørretfilet NATURELL iglo Schlemmer Filet •à la Bordelaise. Knusprig Kross FILET Birdsfe INSPIRATION 2 VEGETABLES 20% OF REVENUES iglo Rahm-Spinat de mit dem BLUBB Svenska ÄRTER Vär egen ärtsort Ebba, extra sot och smakrik Upplev skillnaden NUOVA CONFEZIONE RICHIUDIBILE DOSA FACILE Findus APRI QUI Pisellini Primavera LA PARTE MIGLIORE DEL RACCOLTO DEUTSCHE Più piccoli, teneri e dolci Raccolti nel momento perfetto di maturazione e surgelati entro 3 ore 450g e ASSISMAILL TU RICETTE 3 MEALS 10% OF REVENUES Findus FALAFEL .DAGENS. MED MATVETE Erol, art tear Aardale PROVA VAR NYHET! 390 iglo AARDAPPELGRATIN HACHIS PARMENTIER met getaki en spinazie Verbeterd recept Recette améliorée aux épinards 450g Findus Wok Thai Danbat m world selection WORLD SELECTION THAI CHICKEN red curry iglo Findus summum. Cuisine iglo sensations Vispannetje Cassolette de poisson opustende we Chandane PING & KLAAR. iglo ZWEEDSE RUNDERBURGER 500g 2WHOLE BASA FILLETS Gemüse-Ideen Chinesisch Nomad Foods GUISANTES EXTRATINOS 10 450g 400ge Remaining 20% consists of other frozen branded categories and non-branded (private label and food service) sales 4 POULTRY 10% OF REVENUES MADE WITH Birds Eye 2 CHICKEN CHARGRILLS Peri-Peri Weblye INSPIRATION CHICKEN MINI FELETS NBREAST 100% CHICKE gease MADE WITH 12 CHICKEN DIPPERS MADE QUARTER POUNDERS 4 CHICKEN Birds Eye Birds Eye 100% CRICKE BREAST 00% CHICKE 08338 BREAST 10#11Organizational Structure Designed for Scale and Local Market Expertise Corporate Commercial, Finance, HR, IT, Legal Supply Chain & Procurement UK & IRELAND WESTERN EUROPE SOUTHERN EUROPE NORDICS ++ UK 0 Ireland Nomad Foods 0 Germany France Austria # + Ital Spain Portugal Sweden Norway Finland Belgium Netherlands 11#12The Undisputed Leader in Western Europe Savory Frozen Food Nomad Foods 14% market share Dr.Oetker Nestle McCain bofrost FROSTA Orkla Nomad Foods Source: Eu Source: Euromonitor, 2017; branded only Western Europe Savory Frozen Food €25B Total Retail Sales Value 12#13Strong Market Share at the Local Category Level 90% of core portfolio #1 or 2 in market share ++ 0 + UK Italy Germany Sweden France Norway Austria Spain Belgium Netherlands Portugal Finland Ireland Seafood #1 #1 #1 #1 #1 #1 #1 #1 #1 #2 #1 #2 Vegetables #1 #1 #1 #1 #2 #1 #1 #1 #1 #1 #1 #1 #2 Ready Meals CH #2 #1 Poultry #1 Nomad Foods #1 #1 #2 #1 #1 #1 #1 #1 #1 #2 #1 #1 Countries are ranked in order of 2017 revenues from left to right Source: Euromonitor, 2017; branded only #1 #1 #1 #1 13#14Broad Based Share Gains in a Growing Category Nomad Foods Findus iglo Birds Eye 2017 Consumer Takeaway +4.8% 2017 Market Share +0.4pts 2017 Sell-Out 2017 Category Growth +2.3% + 0 UK Italy Germany Sweden France Norway Austria Spain Belgium Netherlands Portugal Finland Ireland Growth 1.1% 7.4% 15.1% 1.9% (1.6)% 0.8% 2.4% 3.3% (1.0) % 5.6% 5.9% (4.4)% 2.6% Nomad Foods Source: Nielsen, IRI (France and Italy) 14#15Growth Strategy Nomad Foods#16Frozen Food is Aligned With Consumer Trends Shorter Meal Times Nutrition Over-Indexed to Online Lower Carbon Footprint Nomad Foods RICH IN PROTEIN Natural Goodness Sustainable Sourcing CERTIFIED SUSTAINABLE SEAFOOD MSC www.msc.org TM 7771 GROCERY ONLINE BUY NOW Reduced Waste 16#17Room to Grow Share in New and Existing Categories Soup €.3B Western Europe Savory Frozen Market Share by Category Meat Substitutes €.5B Nomad Foods 2% Fruit €.5B Nomed Foods 3% Baked Goods €1.3B Nomad Foods 2% Poultry €1.5B Seafood €4.5B Nomad Foods 26% Nomad Foods 33% Nomad Foods 22% Red Meat €1.6B Nomad Foods 6% Pizza €4.3B HO 01 €3.8B Ready Meals GOODFELLA'S Nomad Foods Source: Euromonitor, 2017; branded only 4% Nomad Foods 14% Potatoes €3.0B Vegetables €3.7B Nomad Foods 6% Nomad Foods 24% 17#18A Clear Set of Priorities With A Proven Model 1 Core 2 Innovation 3 Category Growth Nomad Foods Drive & Leverage Our Scale Out Execute In-store Wership Category Growth Model Create Disti Brands Innovate To Break Through Penetration Barriers 18#19Growth Strategy Rooted in Relentless Focus on the Core Invest disproportionately in the highest margin and most attractive growth areas Nomad Foods Core 70% of sales Portfolio choices Media investments behind brands Improved product quality Packaging renovation In-store execution 19#20Core Growth is Driving Strong Underlying Performance 2017 Organic Revenue Growth Category 2% Nomad Foods Total 4% Nomad Foods Core 8% ¹Aggregate for Nomad Foods' top 5 markets (UK, Germany, Italy, France & Sweden) 2UK and Italy markets only, source: IPSOS Nomad Foods Source: Penetration - Kantar World panel, all data updated to Q4 2017 except Sweden (Q3 2017) Other metrics Nielsen/IRI - P13 End of December Velocity¹ Base Volumes¹ 9% 3% Penetration 1 Brand Health² H 1% 14% 20#21Core Focus Continues into 2018 Nomad Foods KEEP IT SIMPLE LIKE THE CAPTAIN DOES. With LOVE Birds Eye PACKED WITH PROTEIN & VITAMIN C RE-SEALABLE ZIP Garden Peas Birds Eye SIMPLY MADE WITH 100% COD FILLET AND GOLDEN BREADCRUMBS. 100% 10 Fish Fingers COD COD FILLET Birds Eye 油 21#22Deploying Digital Capabilities Digital as a % of Nomad Foods Total Advertising Spend 11% 2016 Nomad Foods 20% 2017 Source: Company Information 27% 2018E With LOVE TRUE OR VEGETABLES LOSE THEIR VITAMINS ONCE THEY'RE FROZEN FOR YOUR HEALTH FALSE TRUE OR FALSE With LOVE FOR YOUR HEALTH TRUE OR FALSE VEGETABLES LOSE THEIR VITAMINS ONCE THEY'RE FROZEN TRUE OR FALSE О 22#23Building an Innovation Pipeline Behind Key Macro Trends New Launches as a Percent of Nomad Foods Net Revenues Findus 27% PROTEIN pease BRA MAT FRÅN ÄRTAN PULLED CHILI & VITLÖK Findus GOOD FOOD LEMON RISOTTO WITH RICOTTA NUGGETS 6.0% 5.0% 4.5% 2016 2017 Nomad Foods Source: Company Information 250g DJURFRYSTA 2 PAKASTE ANNOS Midori. APTAIN BIRDS 20G 1 PORTION PROTECN EYDO Findus 2 Burger di Salmone con limone e aneto Birds Eye I'ish Goujons in a Crunchy Breadcrumbs ✓ Salmone Rosa del Pacifico ✓Confezionati singolarmente sottovuoto Senza additivi Senza glutine Good For You 2018E Vegetarian Convenience Snacking 23#24Evolving with Changing Consumer Shopping Habits E-commerce Explosion Large Stores Re-Invigoration Prime DOW Hello, Steve 60% CM 12:45 EDEKA Take a look around FOOD CUPBOARD BEVERAGES NTC 9 Nomad Foods Hofer Discounter Expansion Small Shopping Trip Increasing expre 24#25Leveraging Our Competitive Advantage in E-commerce E-commerce Sales by Country 23% 14% others Online represents 4% of sales today and is growing double-digits Frozen overtrades online and Nomad Foods overtrades within frozen BirdsEye is the #2 online grocery brand in the UK after Coca-Cola UK and France account for the majority of online sales, mainly through "brick & clicks" Opportunity to drive market share gains through improved product content and mealtime solution programs Nomad Foods Source: Company Information ocado RECIPES France Easter Share £40 OSMART PASS fetch SIZZLE KIDS CLEARANCE Reserved a Log in Register Choose your Regulars Offers New Smart Pass Whe You are in Search results birdseye Find a product ocado Browse Shop Favourtes Filter by Category Frozen Fruit, Vegetables & Herbs Mixed Packs Peas & Broad Beans Sweetcom & Carrots Meat & Poultry Breaded Chicken, Nuggets & Kievs Breasts & Steaks Kievs Nuggets & Bites Mini Fillets Chicken Burgers, Sausages & Meatballs Ready Meals & Party Food Lasagne, Pasta & Rice Mexican & Mediterranean Indian Casseroles, Stews & Pies Fish Fish Fingers Fish Pies & Meals Battered & Breaded Pastry & Bread Chips, Potatoes & Rice Potato Products Rice. Vegetarian Food Cupboard Easy Ver Home Birds Eye Ice Cream Fresh Salad & Herbs Breakfast & Teatime Cooking Ingredients 111 products Sort within categories, Favourtes fest Brands Birds Eye Seasonal 63% UK Book a delivery Easy Veg Fish Chicken Breakfast & Teatime Quick Meals Family Favourites Fish Chicken Quick Meals Family Favourites View trolley Checkout Min. oder £40 £0.00 Rams savings Contact us Offers E 25#26A White Space Opportunity As Hard Discounters Carry More "A Brands” Customer information Product warning A ALDI Welcome to ALDI High quality - Low price Our offers ALDI » Assortment > Our A-brands . Fake ALDI discount coupons Homepage | International | A A A More information" Carrière Branch Locator >> Our company Product Range Annual social reports >> Online Services View folder >> Newsletter " Information ONZE A-MERKEN 再 The Hard Discount channel (Aldi & Lidl) is growing mid-single digits across Western Europe In 2017, this channel accounted for 1% of Nomad Foods revenues but grew 44% The channel is growing double-digits in the UK and Southern Europe while mature in Central European countries such as Germany Hard discounters are adding "A-Brands" and modernizing their stores to drive growth in mature markets DIEPURES iglo Spinazie Iglo spinach à la crème Loss Robin Bavaria lays ay's 6 PACK Paprika Flavour PACK Coca-Cola Ristorante Lipton PIZZA SALAME AUTODROP Total PIZZA Robijn Ruby liquid black detergent Ruby detergent for dark laundry. *** Gillette MACHS Calvé Skittles Gilette razor mach 3 sensitive 120 g LIDL A Nomad Foods ALDI Lays Hamka's MINE GROND Lays Hamka's mini Hofer *** Germany Netherlands Austria 26#27Mobilizing the Frozen Category Vision Category captaincy Retailer collaborations On-trend innovation Corporate social responsibility Sizable Opportunity to Grow Frozen Occasions Occasions Where 11% Frozen is Used Occasions Where Frozen is Not Used But Considered Nomad Foods Source: Usage and Occasion Study 28% 27#28188 233 1338 3611 163 938 321 381 3134 356 2345 67 890 978 457 3678 8765 2435 876 6749 234 5678 908 234 6789 457 2678 9689 346 78 234 97 9149 4972 14 547 7890 9023 8734 789 283 472 5692 8 2596 21 6650 623 8960 -78 3759 3648 489 678 373 336 558 65 665 6622 65 15 15 1155 155 2345 467 678 890 2345 67 899 978 457 326 6754 6789 234 5678 908 234 6789 267 789 234 978 223 335 355 886 652 P72 6650 623 8960 -588 1 455 545 5511 552 62 3759 5552 6522 ORN INN 622 3648 926 679 3929 54 233 4508 4000 656 321 4508 564 734 2128 904 7890 1222 9023 8734 7810 124 Shareholder Value Creation Nomad Foods 28#29EBITDA Margin Expansion A Key Driver of Shareholder Value 17% 20% 2017 Long-Term Opportunity Nomad Foods EBITDA Margin Drivers 1 Net Revenue Management 2 Supply Chain Optimization Expense 3 Discipline 29#30A Strengthening Net Revenue Management Capabilities into 2018 and 2019 Roi € For me for us for the Teams & Capabilities Promotions Price Price Pack Architecture Trade Terms Nomad Foods 2016 2017 2018 2019 STAGE OF DEVELOPMENT basic intermediate advanced 30#31Drivers of Supply Chain - 即 Lean Factory Manufacturing Footprint Procurement Productivity Optimization Nomad Foods#32Funding Growth With Discipline € Findus iglo Birds Eye Invest Invest In Our Brands Behind Talent Nomad Foods Expense Discipline € Non-Working Cost Reduction 32#33An Advantaged Balance Sheet with Strong Cash Flow Characteristics 10% Adjusted Free Cash Flow Yield Strong Cash Flow Conversion Actively Managed Capital Structure Value Creation through Capital Allocation under 3% Cost of Debt >60% Of Interest Rate Exposure is Fixed Nomad Foods 2024 Earliest Debt Maturity 33#34Acquisition Criteria Market Leading Brands with Protective Moats Niche Categories with Opportunities for Growth Cash Flow Generation Strong Management Scale and Skill Synergies Valuation Discipline Nomad Foods 34#35Goodfella's Pizza Acquisition Announced the acquisition of Goodfella's Pizza in January 2018 for ~€225mn; expected to close by the second quarter of 2018 Frozen pizza is the 2nd largest category within W. Europe frozen Goodfella's is a market leading frozen pizza brand in the U.K. and Ireland Opportunity to realize commercial, indirect and procurement synergies Expected to be immediately accretive to EPS and EBITDA GOODFELLA'S GOODFELLA'S STONEBAKED THIN PEPPERONI GOODFELLA'S FLAMIN FANTA CHICKEN TAKEAWAY SLICE SHARE NEW TASTE BEST EVER takeaway delivery GOODFELLA'S DEEP BAKEDZ DELICIOUSLY CHEESY GARLIC DIP Inside GOODFELLAS PIZZA ROMANO GOODFELLAS CALABRESE SALAMI & SPICY HOUJA SAUSAGE GOODFELLA'S GLUTEN FREE PEPPERONI MUSHROOMHAM GOODFELLA'S Vegan STONEBAKED NEW FALAFEL Nomad Foods A GLUTEN FREE LOW IN LACTOSE FREE FROM ARTIFICIAL COLOURS ooooo Vegan 35#36Goodfella's Acquisition Transforms UK and Ireland Businesses Birds Eye + GOODFELLA'S Revenue Synergies • Portfolio opportunities • Brand management • Distribution channel Cost Synergies • Manufacturing • Procurement Indirects Capabilities • Net revenue management Expense discipline • Lean manufacturing Nomad Foods 米粉 36#37Generate Shareholder Value by Leveraging Our Assets and Capabilities HIGH QUALITY ASSETS Distinctive Brands Pan-European Scale Talented People Create a Leading Global Consumer Food Company OPERATIONAL EXCELLENCE FINANCIAL DISCIPLINE Growing from the Core Net Revenue Management Cost Consciousness Cash Flow Generation Supply Chain Efficiency Capital Allocation Generate Sustainable Shareholder Value Findus Nomad Foods 12610 iglo Birds Eye 37#382018 Guidance Organic Revenue Growth growth at a Low-single digit percentage rate Adjusted EBITDA approximately €350 to €360 million $USD equivalent assuming 1.23 USD/euro Adjusted EPS approximately €1.08 to €1.13 per share Organic Revenue Growth growth at a Low-single digit percentage rate Nomad Foods Adjusted EBITDA approximately $431 to $443 million Adjusted EPS approximately $1.33 to $1.39 per share 38#39Nomad Foods Findus iglo Birds Eye