Hormel Foods International has experienced significant growth in international and other segment sales from $146 million in 2005 to $534 million in 2014 through expanding into new global markets with multicultural, healthy, and on-the-go food products. The company has established plants in China to produce SPAM and other western-style products for the Chinese market while also developing frozen/chilled and ambient Chinese-style food items. Hormel aims to continue driving growth internationally through distribution expansion, entering new markets, and targeting consumers with brand innovations.

1. International
Jim Snee
Group Vice President, Hormel Foods Corporation
President, Hormel Foods International Corporation

2. Growing Global Presence
2005 2014
$146
$534
MulticulturalGlobal Healthy / Holistic On-the-Go
In millions
International & Other
Segment Sales

3. Delivering Accelerated Growth
Revenues
In millions
Segment Profit
In millions
2010 2011 2012 2013 20142009 2010 2011 2012 2013 20142009

4. 1st Half 2015 Results
• Revenues and segment profits +4% vs. year ago*
• Lower pork markets impacted revenues
• Port slow down
• Exchange rates
*Excludes nonrecurring charges related to the exit of international joint venture businesses ($9.5 million).

5. Margin Guidance
Hormel Foods
International Corporation
Guidance: 14% to 17%
1st half of 2015 actual*: 16.7%
*Excludes nonrecurring charges related to the exit of international joint venture businesses ($9.5 million).

6. SPAM®
brand
SKIPPY®
brand
PorkChina
Hormel Foods International
Sources of Accelerated Growth

7. Nutritious On-the-
Go
• Well developed business in
both foodservice and retail
• Expanding capacity with
new plant opening Fall 2016
• In-country SPAM®
production
China

8. Chinese Balanced Model
Frozen / Chilled
Chinese Style
Ambient
Western Style
PeanutsPork
Foodservice RetailFoodservice

9. Chinese Balanced Model
Frozen / Chilled
Chinese Style
Ambient
Western Style
PeanutsPork
RetailFoodservice RetailFoodservice

10. Chinese Balanced Model
Frozen / Chilled
Chinese Style
Ambient
Western Style
PeanutsPork
Foodservice RetailFoodservice

11. Jiaxing Hormel Foods Co. Ltd.

12. 2002 2011 2012
12
20162013/2014
Positioned for Future Growth

13. • Distribution
• New Markets
• Consumers
SKIPPY® Strategies

14. Distribution
BASE
Core Items
NATURALS
Innovate
FLAVORS REDUCED FAT
Line Extensions
Singapore, Panama, Asia, Japan,
Philippines, Micronesia & Europe
Japan, Philippines,
Indonesia & Thailand
Philippines, Singapore, Malaysia,
South Korea, Micronesia

16. New Markets
Brazil
Panama
Colombia
Spain

17. • SKIPPY® is the PEANUT
BUTTER that SPREADS
SIMPLE FUN!
• Global positioning
• Leverage assets
• Fully integrated marketing

19. SPAM® Tocino
• Created for the Philippines
• Launched in the U.S.A.
• Sweet BBQ flavor
SPAM® Portuguese Sausage
• Created for Hawaii
• Launching in Okinawa
SPAM® MaLa
• A global launch to appeal to
Chinese consumers and
SPAM® lovers around the world
• Bold & spicy flavor
SPAM® Brand
Local Flavors

20. 5 year CAGR: 18% 5 year CAGR: 25%