2. Ingredion Incorporated
One of the world’s leading ingredient
solutions companies
•Focused on providing critical ingredients to
the food, beverage, industrial, pharmaceutical
and personal care industries
•A global network of manufacturing facilities,
ingredient development centers and sales
offices in 40 countries
•Over 11,100 talented and experienced
employees
•$6.5 billion net sales in 2012
•Headquartered in Westchester, Illinois
2
3. Our products, values, capabilities and scope
• Extensive line of high-quality ingredients
• Commitment to innovation
– State-of-the-art ingredient development centers and engineering centers in
Brazil, Germany, Singapore, Mexico and United States
• Outstanding customer service
• Unique geographic footprint
– Global product development, engineering and go-to-market resources
– Trusted supplier with extensive local expertise
– Local facilities managed by and staffed by in-country experts
3
4. Our competitive advantages
• Experienced and talented employees
• Unique geographic position
• Proven business model
• Strong balance sheet
• Diverse customer base
• Broad ingredient portfolio and applications
expertise
4
5. A rich legacy of innovation and growth
Corn Products Refining
Company incorporates in
New Jersey
First Latin America
operation opens in
Argentina
Acquires GTC
Nutrition, expanding
health and wellness
offerings
Acquires Canada
Starch Company
(Casco)
Expands into Brazil
and Mexico
Enters Asia, expands in
Latin America; merges
with Bestfoods
Expands into
Asia and
South Africa
Becomes CPC
International, a global
consumer products
company
Spin-off from CPC
to become
Corn Products
International, Inc.
Begins trading on
New York Stock
Exchange
Acquires polyols
business of SPI in US
and Brazil, expanding
sweetener solutions
Acquires National Starch,
enhancing product portfolio
and global footprint
1906 1919 1928 1930s 1950s 1960s 1969 1997 1998 2004 2007 20122010
Becomes Ingredion,
a leading global
ingredient solutions
provider
6. Sales by application area
*based on 2012 net sales
Brewing
Paper and
Corrugating
Animal
Nutrition
Beverages
44%FOOD
9%
9%
15%
12%
Other11%
7. A full range of sweeteners, starches and
functional ingredients
Sweeteners Corn Oil &
Animal Feed
Ingredients
Health &
Nutrition
Ingredients
Starches
8. o Corn
o Tapioca
o Sugar
o Stevia plant
o Potato
o Wheat
o Sago
o Sorghum
o Rice
o Lactose
o Agave
o Others
~1,100 different
ingredients
We provide customers with
more than 1,000 ingredient solutions
Raw Materials Product Families
Ingredients for
Customers
o Glucose syrups
o Glucose solids
o HFCS
o Maltose syrups
o Maltodextrins
o Dextrose
o Polyols
o Fructooligosaccharide
o Galactooligosaccharide
o Isomaltooligosaccharide
o Stevia
o Caramel color
o Fermentation products
o Blends
o Others
o Corn
o Tapioca
o Waxy corn
o Functional native
starch
o Modified
o Resistant Starch
o Pregel
o Dextrins
o Gluten-free
o Blends
o Others
o Corn gluten feed
o Corn gluten meal
o Germ meal
o Crude corn oil
o Refined corn oil
o Tapioca fiber
o Prebiotic soluble
fibers
o Calcium
o Biopolymers
o Agave-based inulin
o Others
Sweeteners Starches Other
9. Food, Beverage and Brewing applications
• Brewery, spirits and beverages
• Sport drinks
• Health foods
• Yogurts
• Infant foods
• Canned fruits and vegetables
• Drink mixes
• Cereals and breads
• Jams
• Dairy and ice creams
• Chewing gum
• Frozen Foods
• Fruit and cream fillings
• Syrups and jellies
• Candy
• Soups , sauces, gravies and dressings
• Cakes
• Cookies and crackers
• Batters, breadings and coatings
• Fruit juice drinks
• Creamers
• Clinical nutrition products
• Cheeses
10. Personal Care and Pharmaceutical applications
• Intravenous solutions
• Excipients for tableting
• Vitamins
• Antibiotics
• Cosmetics
• Baby and face powders
• Soaps and shampoos
• Lotions
11. Paper and Industrial applications
• Paper
• Corrugated Boxes
• Textiles
• Adhesives
• Rubber
• Leather
• Detergents
• Bioplastics
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12. Our presence in both developed
and emerging global markets
Production
Facility
R&D
Development
Center
Ingredient
Development
Center
Sales/
Representative
Office
Technical
License
Agreement
Global
Headquarters:
Westchester, Illinois
Peru
Argentina
Brazil
South Africa
Australia
India
China
Russia
United
States
Mexico
Canada United Kingdom
Germany
Singapore
Indonesia
Malaysia
Japan
South
Korea
Uruguay
Venezuela
Colombia
Pakistan
New Zealand
Vietnam
Chile
Ecuador
PhilippinesThailand
Kenya
13. Our presence in North America
• Operations in Canada, Mexico
and the United States
• Includes 13 plants producing a
range of sweeteners and
starches
• Seven US facilities providing a
full line of starches, sweeteners
and specialty starches
• Ingredient Development Center
in Mexico and three facilities
manufacturing starches and
sweeteners
• Only corn refiner with facilities
located in Canada
Production
Facility
R&D
Development
Center
Ingredient
Development
Center
Global Headquarters:
Westchester, Illinois
United
States
Mexico
Canada
14. Our presence in South America
• Largest manufacturer of corn-based
starches and sweeteners in South America
• Includes 11 plants producing
– Native dent, waxy and tapioca starches
– Specialty modified starches
– High maltose, high fructose and glucose
corn syrups
– Dextrose, maltodextrins and corn syrup
solids
– Caramel color
– Sorbitol, mannitol, maltitol
– Dextrins
– Vegetable adhesives
– Reb A
Peru
Argentina
Brazil
Uruguay
Colombia
Chile
Ecuador
Production
Facility
Ingredient
Development
Center
Technical
License
Agreement
Sales/
Representative
Office
15. Our presence in Europe, Middle East and Africa
• Specialty starch operations in England,
Germany, Pakistan and South Africa
• Ingredient Development Centers located
in Hamburg, Germany and Manchester,
England
South Africa
Russia
United Kingdom
Germany
Pakistan
Production
Facility
Ingredient
Development
Center
Sales/
Representative
Office
Technical
License
Agreement
Kenya
17. Global R&D facilities
• Bridgewater, NJ global R&D center
focused on new-product
development and customer
collaboration
• Food creation center in Hamburg,
Germany
• Ingredient development centers in
Mogi Guaçu, Brazil & Singapore
• Engineering center in San Juan del
Rio, Mexico
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18. Our Core Values guide us in all that we do
• Safety: We are committed to creating and maintaining a safe working
environment and strive to achieve an accident-free workplace.
• Quality: We set exacting standards and strive for consistency and precision in
everything we do. We are committed to continuously improving our
capabilities.
• Integrity: We take individual and collective responsibility for keeping our
promises, acting ethically and demonstrating exemplary business conduct at all
times because it is the right thing to do.
• Respect: We succeed by creating trusted and enduring relationships with our
customer, colleagues and communities to achieve our mutual goals.
• Excellence: We passionately strive to exceed the expectations of our
customers, colleagues and shareholders and win in the marketplace.
• Innovation: We are resolute in pursuing innovation that creates value for our
customers and shareholders.
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19. Strategic Blueprint focuses on value creation for
all of our stakeholders
A Leading Global Provider of Ingredient Solutions
VALUE CREATIONVALUE CREATION
OrganicOrganic
GrowthGrowth
BroadeningBroadening
IngredientIngredient
PortfolioPortfolio
GeographicGeographic
ScopeScope
OPERATING EXCELLENCEOPERATING EXCELLENCE
Ingredion is a provider of value-added ingredients used by food, beverage, brewing, pharmaceutical and industrial customers around the world. One of the world’s leading ingredient solutions companies, Ingredion maintains a global network of manufacturing facilities, ingredient development centers and sales offices in over 40 countries.
Ingredion is differentiated in the marketplace to apply these attributes to the customers we serve . . .
Ingredion delivers value to your products. In summary, we consider our competitive advantages to be focused in six areas . . .
This chart shows our 2012 net sales by major application area. From a financial perspective, net sales grew 5 percent over 2011, operating income remained virtually unchanged and earnings per share were up 3 percent. The business generated $732 million in cash flow from operations and improved return on invested capital as well.
For a high-level picture, we offer a full range of sweeteners, starches and functional ingredients . . .
In more detail, we use many different naturally-derived and renewable raw material sources to produce a wide variety of ingredients, including sweeteners, starches and other co-products.
Our Food and Beverage applications include . . .
In Personal Care and Pharmaceuticals, our ingredients play key roles in . . .
And in industrial applications, our value-added ingredients are used in the manufacturing of . . . We have a Green Solutions business as well. This business focuses on providing bio-based solutions that replace synthetic or petroleum-based chemicals in such items as bioplastics.
We consider the close relationship within our supply chain to be a major differentiator when it comes to our competition and provides us with the ability to reach and engage customers anywhere in the world.
North America accounted for 57% of our 2012 net sales. Ingredion has targeted growth opportunities here and a strong position in Mexico.
22% of 2012 net sales.
The company has growth opportunities in health and wellness and clean label products in Europe. This region accounted for 8% of our 2012 net sales.
In Asia, the company has strong potential for growth, driven by population increases and consumer demand for convenience foods. This region accounted for 13% of our 2012 net sales.
At the Bridgewater facility, we strive to develop a deep understanding of how consumers experience texture and transform that knowledge into market-leading food formulations for our customers. The Research and Development Center offers: • Descriptive / discrimination testing facilities • Consumer focus group testing areas • Culinary / Culinology kitchens and demonstration facilities • Texture characterization facilities • Customer collaboration rooms These comprehensive facilities are available to our customers for brainstorming, prototype development, comprehensive physical analysis and sensory and consumer testing – all the elements necessary to create consumer-winning propositions. Customers unable to travel to the facility for sensory and/or consumer testing can participate remotely via the Internet. The center is complemented by pilot plant facilities that allow rapid scale-up ready for commercial manufacture.
Our core set of values influence and guide all of our decisions. They include . . .
During 2010, we refreshed our strategy and launched our Strategic Blueprint. It is a simple and important touchstone for strategic decision making, and we have built our plans around it. The Strategic Blueprint lays out a path to shareholder value creation through organic growth, increased portfolio breadth and geographic expansion. The plan is underpinned by operating excellence as we continuously seek cost savings and efficiencies in all we do.
For more information, visit our website www.ingredion.com
