This document provides an overview and agenda for Dean Foods Company's presentation at Prudential Equity Group's 15th Annual Back-to-School Consumer Conference on September 7, 2006. The presentation discusses Dean Foods' unique beverage platform through its two main business units, Dean Dairy Group and WhiteWave Foods. Dean Dairy Group is presented as the largest dairy company in the US with a leading portfolio of national and regional dairy brands. WhiteWave Foods owns several leading organic and natural brands such as Silk soy milk and is positioned for continued strong growth. The presentation outlines Dean Foods' strategy and initiatives to drive sustained shareholder value creation through its two business units.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad, Mandi Bah...Amil Baba Dawood bangali
Contact with Dawood Bhai Just call on +92322-6382012 and we'll help you. We'll solve all your problems within 12 to 24 hours and with 101% guarantee and with astrology systematic. If you want to take any personal or professional advice then also you can call us on +92322-6382012 , ONLINE LOVE PROBLEM & Other all types of Daily Life Problem's.Then CALL or WHATSAPP us on +92322-6382012 and Get all these problems solutions here by Amil Baba DAWOOD BANGALI
#vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore#blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #blackmagicforlove #blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #Amilbabainuk #amilbabainspain #amilbabaindubai #Amilbabainnorway #amilbabainkrachi #amilbabainlahore #amilbabaingujranwalan #amilbabainislamabad
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
2. Forward Looking Statements
The following statements made in this presentation are “forward looking” and are made pursuant to
the safe harbor provision of the Securities Litigation Reform Act of 1995: statements relating to (1)
projected sales (including for individual segments, for specific product lines and for the company as
a whole), profit margins, net income and earnings per share, (2) our growth strategy, (3) our
branding initiatives (4) our integration plans, and (5) our cost-savings initiatives. These statements
involve risks and uncertainties that may cause results to differ materially from those set forth in this
presentation. Financial projections are based on a number of assumptions. Actual results could be
materially different than projected if those assumptions are erroneous. Sales, profit margins, net
income and earnings per share can vary based on a variety of economic, governmental and
competitive factors, all of which are identified in our filings with the Securities and Exchange
Commission, including our Annual Report on Form 10K (which can be accessed on our website at
www.deanfoods.com or the website of the Securities and Exchange Commission at www.sec.gov).
The success of our branding initiatives will depend on a number of factors, including customer and
consumer acceptance of both the products themselves and the prices that we intend to charge for
those products. We have many competitors with greater resources than ours, and significant
additional spending or innovations by our competitors could render our products less successful
than we currently expect. All forward looking statements in this presentation speak only as of the
date of this presentation. We expressly disclaim any obligation or undertaking to release publicly
any updates or revisions to any such statements to reflect any change in our expectations with
regard thereto or any changes in the events, conditions or circumstances on which any such
statement is based.
3. Agenda
Unique Beverage Platform
Dean Dairy Group
WhiteWave Foods
Well Positioned for Sustained Growth
4. Dean has established a leading position in
the dairy industry…
$10 B+
10
8
US 6
Dairy
Sales
4
($Billions)
$2.1B $1.7B
2
$1.4B $1.2B
$0.7B
0
HP
Dean Kroger NDH Prairie Foremost
Hood
Foods Farms
Source: Dairy100 (2004 sales, excluding cheese)
5. …and is the only national dairy
beverage company
Leading portfolio of national and regional dairy brands
in health and wellness beverage categories
National manufacturing system with fullest set of
capabilities and with market proximity as a strategic
advantage
Unparalleled refrigerated distribution network
Deep customer relationships at local, regional and
national levels across all channels
Potential to innovate across the entire dairy category
Experienced management team with deep company,
dairy and beverage industry expertise
6. Strong branded position,
complemented by private label…
National Brands
Private
Label
37% Branded
Sales
63%
Strong Regional
Brands
Dean Foods 2005
Sales Mix
7. … supported by the country’s only national
manufacturing system…
8. … with flexible production capabilities…
Any consumer,
any occasion
Short Shelf Life Extended Shelf Life Aseptic
16-18 days 45-60 days 6-9 months
9. …in more than just milk…
Ice Cream
and Novelties
Cottage
Cheese
Yogurts
10. …in more than just milk…
Waters
Sour Creams
Juices Teas
11. ..delivered through the only national
refrigerated distribution network
DSD Warehouse
160,000 refrigerated locations Broad grocery and retail
served capability
6,500 DSD routes nationwide Extensive foodservice / QSR
system
2,600 tractors
4,400 straight trucks
5,300 refrigerated trailers
Any customer, any channel
12. Resulting in superior EPS growth
$2.10 - 2.15 E
$2.25
$2.00
2006
2002-2005 $1.83
YTD
Adjusted EPS*
CAGR = 17%
$1.75
through
6/30 =
13%
$1.48
$1.50
$1.31
$1.25
$1.15
$1.00
$0.75
2002 2003 2004 2005 2006
GAAP EPS $1.08 $1.53 $1.28 $1.67 $0.92 YTD
from continuing 15% growth
operations
See reconciliation of these at www.deanfoods.com
*Adjusted to omit the net impact of facility closing costs and one time charges and discontinued operations.
14. Focus on sustained shareholder
value creation Announced sale of
Iberian operations
TreeHouse
$40
Spin-off
10-year Total Return = 750%
Acquired 100% of
$35 CAGR = 23%
Horizon Organic
$30
Added to
Acquired
Acquired minority S&P 500 Index
Dean Foods
$25 interest in
Horizon Organic
Began WhiteWave
$20 consolidation
Acquired
Southern Foods
$15
Acquired
IPO
$10 White Wave
Acquired
Morningstar
$5
$0
1996 1997 2000 2003 2006 YTD
1999 2002 2005
1998 2001 2004
Source: Bloomberg as of 8/31/2006
Note: Share price appreciation reflects stock-split adjusted price.
15. 2006 first half highlights
Dairy Group
– Dairy Group milk volume growth of 2.8%
– Initiating a multiple-year productivity and capability-building program
WhiteWave Foods
– Continued strong growth of the core brands
– Strengthening the foundation with investments in G&A
infrastructure, and SAP
Dean Foods Company
– Adjusted EPS growth of 13%
– Announced the sale of Iberian operations, sharpening focus on
largest opportunities
– Strong cash flow, supporting share repurchase of $136 million
through June 30,and debt paydown
On Track for Another Strong Year
16. Agenda
Unique Beverage Platform
Dean Dairy Group
WhiteWave Foods
Well Positioned for Sustained Growth
18. Dairy Group Overview
$6B+ in annual fresh
milk sales plus:
($ Millions)
800
600
400
200
0
Ice ESL & Yogurt & Juice, Ice Cream Other
Cream Creamers Cultured Water Mix
and Tea
2005 Sales Mix
19. Entering the next phase of
Dairy Group evolution
Transition Transformation
Consolidation
1994 - 2001 2002 - 2006 2007 - 2010
75 fold US dairy revenue Shifting volume to more Evolve the Dairy Group
growth from 1994 to efficient facilities, operating model to
2002 elimination of excess maximize the benefits of
capacity to reduce costs its scale advantage
– $100 million to
$7.6 billion
Demonstrated ability to Strengthen functional
drive market share expertise to reduce costs
Expanded from 2
and sustain year on year
facilities to over 100
Significant management productivity
focus on portfolio
Developed only
rationalization and Enhance selling
nationwide footprint in
WhiteWave consolidation capability
the industry
Early steps towards Ensure pace of change
Four times larger than
developing the future does not inhibit business
nearest competitor
Dairy Group operating performance
Primary focus on rollup, model
Opportunity to sustain
limited change to local
strong operating profit
dairy operating model
growth
20. We are working today to take
full advantage of our size
Purchasing G&A Infrastructure
Use volume to achieve the Keep activities local that
lowest cost need to be local
Standardize / centralize Centralize activities that
purchases wherever it can be shared
makes sense Lower overhead cost
Maximize efficiency versus competition
21. Addressable spend
base of ~$3B
$1.1B
$1.9B
Other
Ingredients / Commodities* Utilities
MRO
Packaging
Logistics
Direct Indirect
Total Spend Mapped (2005)
*Notes: Ingredients/ commodities does not include raw milk, cream or soybeans
Source: Internal data, including Dairy Group, and WWF
22. Opportunity to realign G&A infrastructure
Over $100 Million
100%
90%
Historically local and
80%
Other
decentralized staffing
70%
Multiple systems,
60%
HR & Payroll organizational structures
50%
40% Significant redundancy
Finance
30% &
Accounting
20%
10%
0%
23. Need to build functional expertise
in manufacturing and selling
Manufacturing Direct to Store
Infrastructure Distribution
Lowest cost facilities Upgrade systems
Producing the right Maximize truck utilization
products in the right Optimize route design
facilities
Leverage network scale
With the right capital
Build selling and
investments
merchandising capability
Enable continuous
improvement mindset
24. Significant manufacturing
cost reduction opportunity
Footprint Productivity
Facilities operations FTEs per gallons produced (MM)
39
1.8
1.6
Average 1.5
Number of Facilities
1.4
23
1.2
16
10
7
4
2
0/ 51/ 101/ 151/ 201/ 251/ Over South South Mid North
50 100 150 200 250 300 300 East West West East
Miles to nearest Dean Foods Facilities
Further footprint/ Significant opportunity for
optimization potential continuous improvement
25. Better leverage the only national
refrigerated DSD system
Build additional selling capability
– Increase sales per route/stop
– Offer customers complete dairy
solution
– Innovate with branded/single
serve offerings to improve drop
size and margin
Maximize route efficiency
through technology-based tools
Eliminate redundant or
overlapping routes
26. Cumulative value creation
opportunity is substantial
Value
Brand Building
and Product Innovation
DSD Network Optimization
Manufacturing Continuous Improvement
G&A Infrastructure Realignment
Purchasing Optimization
Time
2010
2009
2008
2007
27. Dairy industry evolution
Traditional New
Dairy Dairy
Consolidated industry
Fragmented industry
Single national player
Local companies/little
– Dean Foods
scale
Growing profitability;
Locally managed, resources to invest
lack of functional Investment in
expertise innovation and
marketing
Limited profitability
Emergence of national
and financial
brands
resources
Portfolio of strong
Infrequent innovation regional brands
Limited marketing Greater consumer
focus on nutrition
High private label
penetration
28. Agenda
Unique Beverage Platform
Dean Dairy Group
WhiteWave Foods
Well Positioned for Sustained Growth
29. WhiteWave Foods: Strong brands
with a history of robust growth % of 2005
WhiteWave
Sales
6%
5-Yr CAGR of
28%
Key Brands = 28%
23%
20%
15%
2000 2001 2002 2003 2004 2005
Note: Assuming full ownership in all comparable periods.
30. Creation of WhiteWave Foods
1997 2004
Purchased Purchased
Morningstar Horizon
2002 Organic
Purchased
WhiteWave
2005
Merged 3 legacy companies
under WhiteWave name
2002
Entered licensing
agreement with
Land O’ Lakes
31. Integration of 3 legacy companies
Sustainable growth
and superior returns
One, unified
company;
best-in-class
brands, talent and
One company
3 separate, infrastructure
legacy companies – 1 organization
– Focused portfolio of
– 1 leadership team
premium brands
– 1 “sales” face to
– 3 faces to the
– 1 face to the
the customer
customer
customer
– Supply chain
– 3 separate,
integration in – Fully integrated
under-leveraged
progress supply chain
supply chains
– Process and – Top-talent
– Internal redundancy systems build-out in
organization
– Limited process progress
– Best-in-class
and systems
processes and
infrastructure
systems
Time
2004 2005-2006 2007-2008
Platform for further premium
branded beverage growth
32. WhiteWave Foods’
leading brand portfolio
Strategic Summary
No. 1 soy beverage
Compelling health benefits
2005 Sales: $337 million Significant growth
opportunity
– Education
2005 growth of 20%
– Innovation
2006 YTD* growth of 14% Focus on driving trial and
adoption in US
74% market share**
Multiple opportunities for
growth
– Product adjacencies
– International
*Through June 30, 2006 for continuing products
**Source: IRI, Spins, IRI Walmart panel data
34. Rapid growth of the soymilk
category should continue
Penetration should increase
– Virtually all sales are to 11%
of households
– These buyers represent 80%
of category volume
– Another 30% of US households
are interested in soymilk
Frequency should increase
– Core soymilk households still
consume 3X as much
conventional milk as soymilk
Represents significant
opportunity to grow the category
35. WhiteWave Foods’
leading brand portfolio
Strategic Summary
Invest to increase supply
localize the supply chain
and drive margin
2005 Sales: $273 Million
Realign pricing as supply
2005 milk sales increase increases for profitability
and sustainable category
of 44%
growth
2006 YTD* growth of 28% Drive growth on core fluid
milk by targeting
46% market share** interested organically
inclined consumers
*Through June 30, 2006 for continuing products
**Source: IRI, Spins, IRI Walmart panel data
36. Organic milk category
growth is accelerating
31%
27%
16%
2004 2005 2006
Estimated organic milk retail sales growth:
grocery & natural channel (52 weeks ending July 30)
Note: above represents grocery and natural food channel dollar sales, 52 weeks ending
July 30; does not include Wal-Mart, Club or other channels
Source: IRI, SPINS for 2004-2006, IRI for 2003
37. Rapid growth of the organic
milk category should continue
Penetration should increase
– Virtually all sales are to 3.3% of
households, up 1.2 pts (150 index)
versus 20031.
– Another 29% of US households are
interested in organic milk2.
Frequency should increase
– 22% of consumers view organic as
“extremely” or “very important” to
healthy lifestyle3.
Represents significant
opportunity to grow the category
1. IRI Household Panel.
2. Cambridge Group – Demand Landscape March 2006.
3. Natural Marketing Institute: Health and Wellness Trends Report 2006.
38. Supply regionality for Horizon Organic
We have a locally aligned
supply chain
Designed to provide
shortest time from farm 9%
to table
13%
17%
This will increasingly
22%
10%
become a strategic
18%
advantage
11%
39. We are investing to grow supply
Adding new family farms to
producer network is our first
priority
– 342 currently, 240 in
transition
– Horizon Organic Producer
Education Program –
Assists farmers in transition
to organic
– Transition takes time 12
Expecting supply growth
months for cows, 36 months
for land in excess of 20% for 2007
Pursuing strategic partnerships
with innovative producers
Selectively leveraging supply at
company-owned farms
– 20% of current supply
40. WhiteWave Foods’
leading brand portfolio
2006 YTD sales growth of 29%
#1 UK organic milk brand
#2 UK organic yogurt
2006 YTD sales growth of 8%
30% market share in retail (#2)
#1 in foodservice
(approx 80% share)
2006 YTD sales growth of 5%
20% market share
Exclusive perpetual fluid dairy
license
41. Agenda
Unique Beverage Platform
Dean Dairy Group
WhiteWave Foods
Well Positioned for Sustained Growth
42. Well positioned for long term growth
Dairy Group entering next phase of long-term strategy
– Consistently growing market share
– Multi-year productivity and capability-building program to extend
advantage and improve margins
WhiteWave Foods executing for growth
– Driving strong growth of well-positioned brands in attractive
categories
– Pushing efficiency through integration of businesses
– Focus on building an innovation center of excellence
Intense focus on cash flow generation and
sustained shareholder value creation
43. Dean Foods sustainable growth algorithm
Mid-single digits
Dairy Group
(5-6%)
Mid-teens
WhiteWave Foods
(15-18%)
Less than volume growth
Corporate Costs (2-3%)
Operating Profits High-single digits
(7-8%)
Leverage from share repurchase
+++
and/or debt paydown
Double-digit EPS Growth
Earnings Per Share Growth*
*excludes any future restructuring or other one-time items
44. Well positioned for sustained
double-digit EPS growth
Value
$2.10
2.15 E
$1.83
$1.48
$1.31
$1.15
2002 2003 2004 2005 2006