Hormel Foods CEO Jim Snee Leads Long-Term Growth
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2017 Investor Day closing remarks by President and CEO Jim Snee.
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Hormel Foods CEO Jim Snee Leads Long-Term Growth
- 1. Jim Snee President and CEO Favorite Hormel Foods Products 28 Years with Hormel Foods Hormel Foods Career History Oct 2016: President and Chief Executive Officer Oct 2015: President and Chief Operating Officer 2012: Group Vice President, Hormel Foods International 2008: Vice President, Affiliated Foods 2006: Director of Purchasing 1996: Regional Manager, Foodservice Group
- 2. Hormel Foods Jim Snee President and Chief Executive Officer A Long-Term Growth Story
- 3. Senior Management Team Experienced Senior Management Team Average 24 YEARS TENURE
- 4. Steve Binder Refrigerated Foods: Growing our value-added business and reducing exposure to commodity margins Tom Day Refrigerated Foods: Long runway for growth from our retail value-added brands Jeff Baker Hormel Foodservice: Growth driven by innovation and collaboration with our operators Luis Marconi Grocery Products: Reinvention through innovation, acquisitions and brand building From Today Key Takeaways
- 5. Deanna Brady Consumer Products Sales: Sales growth through customer collaboration and analytics Glenn Leitch Jennie-O Turkey Store: Unique competitive advantages and a long runway for growth Don Kremin Specialty Products: Growing the MUSCLE MILK® brand through innovation and distribution gains Larry Vorpahl International: Leveraging iconic brands and becoming more multi-national to grow our business around the globe From Today Key Takeaways
- 6. Jim Splinter Corporate Strategy: Unlocking sales growth by occupying attractive growth spaces Jim Sheehan Finance: Supporting growth with capital and strategic cost management and continuing our focus on maximizing returns to our shareholders From Today Key Takeaways
- 7. • Track Record of Success • Positioned to Compete • A Clear Strategy for Long-Term Growth Key Themes Today
- 8. $0.00 $0.20 $0.40 $0.60 $0.80 $1.00 $1.20 $1.40 $1.60 $1.80 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Grown Earnings We Have 28 Out of 31 Years TRACK RECORD OF SUCCESS Internal data
- 9. TRACK RECORD OF SUCCESS Dividend Aristocrat Dividend Growth Internal data
- 10. POSITIONED TO COMPETE Value-Added Protein Iconic Brands Direct Sales Force Shelf Stable Products Expertise Industry-Leading
- 11. + + + for Success Our Formula Building Brands Innovation Acquisitions Balanced Portfolio A CLEAR STRATEGY FOR LONG-TERM GROWTH
- 12. Four Strategic Growth Areas Laser Focused on Multicultural On-The-GoHealthy Lifestyle & Holistic Global A CLEAR STRATEGY FOR LONG-TERM GROWTH
- 13. 2020 Sales Goal Bridging to Our 5% $9.5B $11.6B 2016 Actual 2020 Goal Strategic Acquisitions Organic Sales Divestitures Innovation Internal data A CLEAR STRATEGY FOR LONG-TERM GROWTH
- 14. A Focus on +460bps 9.3% 13.9% 2011 Actual 2016 Actual 2020 Goal Top Quartile of Our Peer Group Operating Margins 2011 – 2016 Internal Data Margin Expansion A CLEAR STRATEGY FOR LONG-TERM GROWTH
- 15. • Track Record of Success • Positioned to Compete • A Clear Strategy for Long-Term Growth A Long-Term Growth Story Hormel Foods A CLEAR STRATEGY FOR LONG-TERM GROWTH
- 16. Hormel Foods Jim Snee President and Chief Executive Officer A Long-Term Growth Story