This document summarizes Pinnacle Foods' presentation at the Barclay's Global Consumer Staples Conference on September 6, 2016. Pinnacle outlined their "playbook" which focuses on acquisition and integration expertise, strong cost and cash management, smart marketing and innovation, and a lean and experienced organization. Pinnacle reported strong financial results for the first half of 2016 with sales up 16.5% and operating income up 21.4% compared to the prior year. Going forward, Pinnacle plans to continue executing their playbook to amplify growth and value creation.
2016 12-15 investor meeting final final webpinnaclefood
Pinnacle Foods held an investor meeting in December 2016 to discuss strategies for amplifying growth. The company aims to expand gross margins through initiatives like mix and pricing improvements as well as productivity programs. Pinnacle also intends to accelerate top-line growth by strengthening fundamentals of key brands, expanding into lifestyle and health and wellness segments, and improving center of store offerings. Acquisitions like Boulder Brands are integrated to capture synergies and further leverage Pinnacle's scale.
Pinnacle Foods Inc. Presentation to CAGNYpinnaclefood
Pinnacle Foods presented at the CAGNY conference on March 24, 2016. The presentation included forward-looking statements and non-GAAP financial measures, and discussed these definitions. It introduced the executive leadership team and provided an overview of the company's portfolio following the acquisition of Boulder Brands. Pinnacle outlined its strategy of executing its playbook to drive organic growth and margin expansion, expanding its business through acquisitions and innovation, and evolving its portfolio focus.
Pinnacle Foods Inc. Presentation to CAGNYpinnaclefood
Pinnacle Foods Inc. presented at the CAGNY conference on March 11, 2015. The presentation discussed Pinnacle's portfolio of brands, strategy to drive growth and margin expansion, and financial outlook. Pinnacle aims to outpace category growth and expand operating margins through innovation, productivity initiatives, and portfolio management. The company also discussed opportunities for acquisitions that accelerate growth.
Pinnacle Foods provided forward-looking statements and discussed non-GAAP financial measures in their presentation at the Barclays Global Consumer Staples Conference. They noted forward-looking statements are based on management's expectations and targets but actual results may differ. Non-GAAP measures exclude special charges not expected to recur regularly. Pinnacle uses these to focus on performance without these charges and believes they are helpful to investors.
TSN investor presentation september 2016investortyson
The document provides a forward-looking statement regarding Tyson Foods' expected performance and guidance. It cautions readers that actual results may differ materially from expectations due to various economic and industry factors. Specifically, it lists 19 factors that could cause actual results to differ from forward-looking statements, including fluctuations in input costs, market conditions, access to foreign markets, outbreaks of livestock disease, regulatory compliance issues, and legal claims. The document aims to inform investors of risks to Tyson Foods' projections without unduly limiting the company's liability.
Pinnacle Foods held a presentation at Barclay's Global Consumer Staples Conference on September 6, 2017. The presentation discussed Pinnacle's portfolio of brands, financial performance, and outlook. Pinnacle has a diversified portfolio across grocery, specialty, Boulder, and frozen categories. It is focused on accelerating profitable top-line growth through initiatives like expanding its health and wellness presence, enhancing e-commerce, and leveraging the scale of its brand portfolio. Pinnacle expects to continue expanding margins through initiatives such as network optimization and productivity programs.
Tyson Foods provided an outlook for fiscal year 2018 that included adjusted EPS guidance of $5.70-5.85, representing 8-13% growth over fiscal year 2017 estimates. Key targets included beef segment operating margin of over 5%, pork segment operating margin of over 9%, and chicken segment operating margin of around 11% with nearly 3% volume growth. Prepared foods segment was expected to have an operating margin of 11-12% with around 10% volume growth. The company also expected to achieve $200 million in net synergies in fiscal year 2018, $400 million in fiscal year 2019, and $600 million in fiscal year 2020 from ongoing improvement efforts.
- AdvancePierre Foods reported strong earnings and executional improvements in the fourth quarter of 2016, with profitable volume growth across all three core segments. Adjusted EBITDA increased 17.9% in Q4 and 15.4% for the full year.
- Net sales increased 6.1% in Q4 driven by volume growth from acquisitions and organic growth of 5.7% in core segments. Adjusted net income increased 174.7% in Q4 and 86.2% for the full year on margin improvements.
- For 2017, the company expects net sales growth and further increases in adjusted EBITDA and adjusted net income per share, supported by ongoing productivity gains and core segment volume
2016 12-15 investor meeting final final webpinnaclefood
Pinnacle Foods held an investor meeting in December 2016 to discuss strategies for amplifying growth. The company aims to expand gross margins through initiatives like mix and pricing improvements as well as productivity programs. Pinnacle also intends to accelerate top-line growth by strengthening fundamentals of key brands, expanding into lifestyle and health and wellness segments, and improving center of store offerings. Acquisitions like Boulder Brands are integrated to capture synergies and further leverage Pinnacle's scale.
Pinnacle Foods Inc. Presentation to CAGNYpinnaclefood
Pinnacle Foods presented at the CAGNY conference on March 24, 2016. The presentation included forward-looking statements and non-GAAP financial measures, and discussed these definitions. It introduced the executive leadership team and provided an overview of the company's portfolio following the acquisition of Boulder Brands. Pinnacle outlined its strategy of executing its playbook to drive organic growth and margin expansion, expanding its business through acquisitions and innovation, and evolving its portfolio focus.
Pinnacle Foods Inc. Presentation to CAGNYpinnaclefood
Pinnacle Foods Inc. presented at the CAGNY conference on March 11, 2015. The presentation discussed Pinnacle's portfolio of brands, strategy to drive growth and margin expansion, and financial outlook. Pinnacle aims to outpace category growth and expand operating margins through innovation, productivity initiatives, and portfolio management. The company also discussed opportunities for acquisitions that accelerate growth.
Pinnacle Foods provided forward-looking statements and discussed non-GAAP financial measures in their presentation at the Barclays Global Consumer Staples Conference. They noted forward-looking statements are based on management's expectations and targets but actual results may differ. Non-GAAP measures exclude special charges not expected to recur regularly. Pinnacle uses these to focus on performance without these charges and believes they are helpful to investors.
TSN investor presentation september 2016investortyson
The document provides a forward-looking statement regarding Tyson Foods' expected performance and guidance. It cautions readers that actual results may differ materially from expectations due to various economic and industry factors. Specifically, it lists 19 factors that could cause actual results to differ from forward-looking statements, including fluctuations in input costs, market conditions, access to foreign markets, outbreaks of livestock disease, regulatory compliance issues, and legal claims. The document aims to inform investors of risks to Tyson Foods' projections without unduly limiting the company's liability.
Pinnacle Foods held a presentation at Barclay's Global Consumer Staples Conference on September 6, 2017. The presentation discussed Pinnacle's portfolio of brands, financial performance, and outlook. Pinnacle has a diversified portfolio across grocery, specialty, Boulder, and frozen categories. It is focused on accelerating profitable top-line growth through initiatives like expanding its health and wellness presence, enhancing e-commerce, and leveraging the scale of its brand portfolio. Pinnacle expects to continue expanding margins through initiatives such as network optimization and productivity programs.
Tyson Foods provided an outlook for fiscal year 2018 that included adjusted EPS guidance of $5.70-5.85, representing 8-13% growth over fiscal year 2017 estimates. Key targets included beef segment operating margin of over 5%, pork segment operating margin of over 9%, and chicken segment operating margin of around 11% with nearly 3% volume growth. Prepared foods segment was expected to have an operating margin of 11-12% with around 10% volume growth. The company also expected to achieve $200 million in net synergies in fiscal year 2018, $400 million in fiscal year 2019, and $600 million in fiscal year 2020 from ongoing improvement efforts.
- AdvancePierre Foods reported strong earnings and executional improvements in the fourth quarter of 2016, with profitable volume growth across all three core segments. Adjusted EBITDA increased 17.9% in Q4 and 15.4% for the full year.
- Net sales increased 6.1% in Q4 driven by volume growth from acquisitions and organic growth of 5.7% in core segments. Adjusted net income increased 174.7% in Q4 and 86.2% for the full year on margin improvements.
- For 2017, the company expects net sales growth and further increases in adjusted EBITDA and adjusted net income per share, supported by ongoing productivity gains and core segment volume
The document provides cautionary statements regarding forward-looking statements and non-GAAP financial measures discussed in a presentation about US Foods. It outlines risks, uncertainties, and assumptions that could cause actual results to differ from forward-looking statements. These include risks related to inflation, competition, suppliers, debt, acquisitions, labor, regulations, technology, and other operational factors. The document also states that non-GAAP measures like EBITDA, adjusted EBITDA, and adjusted net income exclude certain items to focus on core operating performance and provide comparability between periods.
Sysco reported second quarter fiscal 2016 earnings results. Key points include:
- Sales increased 0.6% while gross profits grew 3.4% and gross margin increased 50 basis points.
- Adjusted operating income increased 10.2% reflecting strong execution across the business.
- Total broadline case growth was 3.4% and local case growth was 2.9%, showing progress against Sysco's three-year financial plan targets.
- Deflation accelerated during the quarter, driven by proteins and dairy, and is expected to continue for the remainder of the fiscal year.
Sysco provided a forward-looking statement regarding risks and uncertainties in its business, including risks related to the economy, inflation, deflation, currency fluctuations, international expansion, acquisitions, capital expenditures, and estimates for future periods. The statement notes that actual results may differ materially from forecasts due to general risks associated with the business, economic conditions, and factors beyond management's control.
1) Pinnacle Foods Inc. held a presentation at the Barclays Capital Back-to-School Conference on September 4, 2014.
2) Pinnacle discussed meeting industry challenges through portfolio management, innovation, and productivity initiatives to drive margin expansion.
3) Financial results for the first half of 2014 showed sales growth and margin expansion outpacing categories, and the termination fee from the failed merger facilitated $200 million in debt reduction.
The document provides an overview of US Foods and their business strategies. It discusses their leading industry position as one of the top 10 distributors in the nearly $300 billion food distribution industry. US Foods focuses on higher margin independent restaurant, healthcare, and hospitality customers. Their strategy targets growing these customer types faster than the overall market. The document also discusses their focus on private brands and distribution optimization as drivers to expand gross profit per case. It provides examples of how US Foods navigates inflation and outlines their capital allocation approach of reinvesting in the business, pursuing strategic M&A, and paying down debt to target a leverage ratio of 3 times.
- The company reported strong second quarter 2017 results, with revenue growth of 7% and adjusted EPS growth of 8%.
- Based on first half performance, the company is raising its full-year revenue and adjusted EPS guidance.
- The results were driven by robust growth in North America and China for commercial and residential HVAC products. Industrial performance was steady with continued improvements expected.
- The company continues its strategy of operational excellence to drive margin expansion, while reinvesting in the business and returning capital to shareholders through dividends and share repurchases.
Tyson Foods presented at the Consumer Analyst Group of New York conference on February 21, 2017. The presentation outlined Tyson's strategy to build a modern growth portfolio through innovation, differentiated capabilities, and a focus on fresh, flexible, and functional foods. Recent launches in areas like ground chicken and refrigerated breakfast foods were highlighted as examples of successful innovation delivering revenue growth. Going forward, Tyson aims to sustain leadership through a balanced portfolio approach and driving growth across retail, foodservice, and e-commerce channels.
Sysco reported first quarter 2017 earnings results. Key highlights included sales growth of 1.0% excluding Brakes and 11.2% including Brakes. Gross profit grew 5.0% excluding Brakes and 20.3% including Brakes. Operating income grew 15.3% excluding Brakes and 23.8% including Brakes. The acquisition of Brakes Group was accretive to earnings per share and Sysco expects Brakes to be high-single-digit accretive for fiscal year 2017. Sysco also discussed continued focus on key initiatives to drive growth and manage expenses.
StoneMor Partners L.P. provided forward-looking statements and cautioned readers that actual results could differ materially from projections. The document included risks such as changes in the death rate, regulatory environments, litigation, cyber security attacks, and financial conditions of insurance companies. StoneMor then provided an overview of its operations including its footprint in 28 states, number of locations, number of burials, revenues, and assets held in merchandise and perpetual care trusts.
The document is the Q1 FY18 financial results presentation from New Relic, Inc. It includes the following key points:
- New Relic reported revenue of $80.1 million for Q1 FY18, up 37% year-over-year. Cash from operating activities and non-GAAP free cash flow were both records highs.
- For Q2 FY18, New Relic is providing revenue guidance of $81.8-83.3 million and non-GAAP operating loss of $5-6 million. For FY18, revenue guidance is $344-348 million and non-GAAP operating loss of $14-17 million.
- New Relic continues
This presentation by Mondelēz International discusses the company's strategy and financial outlook. Some key points:
- Mondelēz aims to grow revenue at or above snack category growth rates through focusing on power brands and revenue management actions. It also aims to expand margins by reducing supply chain and overhead costs.
- In 2015, Mondelēz delivered organic net revenue growth of 1.4%, adjusted operating income margin expansion of 150 basis points, and adjusted EPS growth of 13.5% on a constant currency basis.
- For 2016, Mondelēz expects organic net revenue growth of at least 2%, adjusted operating income margin expansion to 15-16%, and double-digit
1) Campbell Soup Company's President and CEO outlined changes underway at the company including reorganizing into three new business divisions and implementing a cost-reduction program.
2) The company is reorganizing into the Americas Simple Meals and Beverages division, Global Biscuits and Snacks division, and Packaged Fresh division to better align with growth strategies.
3) Campbell aims to reduce costs by $200 million annually over three years through initiatives like zero-based budgeting, headcount reductions, and examining all spending categories.
Gregg Engles, Chairman and CEO of WhiteWave Foods, presented at the CAGNY2014 conference. He discussed WhiteWave's mission of changing the way the world eats for the better through convenient, flavorful, nutritious, and responsibly produced food and beverage options. Engles provided an overview of WhiteWave's financial performance, brands, growth strategies, and recent acquisitions. He highlighted the company's focus on innovation, brand building, and expanding into new categories and geographies.
Tyson Foods plans to acquire AdvancePierre Foods for $4.2 billion. The acquisition expands Tyson's prepared foods portfolio and distribution network. It is expected to generate over $200 million in cost synergies within three years through consolidated manufacturing, supply chain efficiencies, and eliminating redundant functions. The deal enhances Tyson's financial profile and is expected to be immediately accretive to earnings per share. The complementary brands and distribution channels create opportunities for long-term revenue growth.
Coca Cola Investor Day 2017 - James Qunicey - CEONeil Kimberley
- James Quincey is the President and Chief Executive Officer of The Coca-Cola Company.
- The presentation includes non-GAAP financial measures and forward-looking statements that are subject to risks and uncertainties.
- The presentation discusses strategies to accelerate growth of the Company's leading consumer-centric brand portfolio, drive revenue growth, strengthen the system's value-creation advantage by digitizing the system, and unlock the power of employees.
Sysco hosted an investor day in 2017 to outline its strategic business plan for fiscal years 2018 through 2020. The plan focuses on four key priorities: [1] enriching the customer experience through new technology, consultative sales, and product innovation; [2] delivering operational excellence by leveraging Sysco's scale and improving productivity; [3] optimizing the business by fostering innovation and driving agility; and [4] activating Sysco's people by empowering the workforce. The presentation highlights Sysco's strong financial performance, leadership team, and opportunities for growth across its portfolio of foodservice businesses in the US and internationally.
This document provides an investor presentation for Fiesta Restaurant Group. It discusses Fiesta's two brands, Pollo Tropical and Taco Cabana, and provides strategic, operational, and financial overviews. Key points include plans to separate the two brands into independent companies by 2017 or 2018, long-term targets of 10-12% revenue growth, 2-3% comparable sales growth, and 8-10% unit growth. Financial summaries show the company has accelerated growth since 2012, with over 30% annual unit growth and rising adjusted EPS and margins.
- The document provides forward-looking statements about Tyson Foods' expected performance and notes factors that could cause actual results to differ from expectations.
- It cautions readers not to place undue reliance on forward-looking statements and lists 19 factors that could cause actual results to differ.
- The document is Tyson Foods' investor presentation from March 2015 that provides an overview of the company, its financial trends and outlook, and priorities for cash allocation.
PepsiCo provided guidance for 2019, noting organic revenue growth of 4% but a 1% decline in core constant currency EPS due to higher net capital spending and lapping prior year gains. The company outlined priorities to become faster, stronger, and better through initiatives like increasing consumer centricity, transforming costs and capabilities with technology, and further integrating sustainability. Long-term goals include 4-6% organic revenue growth, core operating margin expansion, high-single digit core EPS growth, and increasing core net ROIC.
- Canadian Tire Corporation reported strong second quarter results for 2017, with consolidated revenue increasing 1.8% compared to the same period last year and diluted EPS up 14.1%.
- The Retail segment saw a 3.0% increase in retail sales and a 6.1% rise in income before taxes. Same-store sales increased 1.4% at Canadian Tire and 4.0% at Mark's.
- CT REIT's income before taxes grew 23.1% due to property acquisitions in 2017 and 2016 and an increase in fair value gains.
- Financial Services reported a 12.3% increase in income before taxes driven by higher revenues and decreased expenses. Gross average credit
This document lists various school supplies including books, crayons, glue, markers, paper, pencils, scissors, rulers, rubber, color pencils, boards, school bags, chairs, desks, chalk, and mentions teachers and students.
El documento presenta la declaración jurada patrimonial de José Francisco López para el año 2015. Declara varios inmuebles, vehículos, acciones y depósitos bancarios. Los bienes aumentaron de valor entre el inicio y el fin de año. Sus principales ingresos provienen de su trabajo como diputado del Mercosur, categoría impositiva 4ta.
The document provides cautionary statements regarding forward-looking statements and non-GAAP financial measures discussed in a presentation about US Foods. It outlines risks, uncertainties, and assumptions that could cause actual results to differ from forward-looking statements. These include risks related to inflation, competition, suppliers, debt, acquisitions, labor, regulations, technology, and other operational factors. The document also states that non-GAAP measures like EBITDA, adjusted EBITDA, and adjusted net income exclude certain items to focus on core operating performance and provide comparability between periods.
Sysco reported second quarter fiscal 2016 earnings results. Key points include:
- Sales increased 0.6% while gross profits grew 3.4% and gross margin increased 50 basis points.
- Adjusted operating income increased 10.2% reflecting strong execution across the business.
- Total broadline case growth was 3.4% and local case growth was 2.9%, showing progress against Sysco's three-year financial plan targets.
- Deflation accelerated during the quarter, driven by proteins and dairy, and is expected to continue for the remainder of the fiscal year.
Sysco provided a forward-looking statement regarding risks and uncertainties in its business, including risks related to the economy, inflation, deflation, currency fluctuations, international expansion, acquisitions, capital expenditures, and estimates for future periods. The statement notes that actual results may differ materially from forecasts due to general risks associated with the business, economic conditions, and factors beyond management's control.
1) Pinnacle Foods Inc. held a presentation at the Barclays Capital Back-to-School Conference on September 4, 2014.
2) Pinnacle discussed meeting industry challenges through portfolio management, innovation, and productivity initiatives to drive margin expansion.
3) Financial results for the first half of 2014 showed sales growth and margin expansion outpacing categories, and the termination fee from the failed merger facilitated $200 million in debt reduction.
The document provides an overview of US Foods and their business strategies. It discusses their leading industry position as one of the top 10 distributors in the nearly $300 billion food distribution industry. US Foods focuses on higher margin independent restaurant, healthcare, and hospitality customers. Their strategy targets growing these customer types faster than the overall market. The document also discusses their focus on private brands and distribution optimization as drivers to expand gross profit per case. It provides examples of how US Foods navigates inflation and outlines their capital allocation approach of reinvesting in the business, pursuing strategic M&A, and paying down debt to target a leverage ratio of 3 times.
- The company reported strong second quarter 2017 results, with revenue growth of 7% and adjusted EPS growth of 8%.
- Based on first half performance, the company is raising its full-year revenue and adjusted EPS guidance.
- The results were driven by robust growth in North America and China for commercial and residential HVAC products. Industrial performance was steady with continued improvements expected.
- The company continues its strategy of operational excellence to drive margin expansion, while reinvesting in the business and returning capital to shareholders through dividends and share repurchases.
Tyson Foods presented at the Consumer Analyst Group of New York conference on February 21, 2017. The presentation outlined Tyson's strategy to build a modern growth portfolio through innovation, differentiated capabilities, and a focus on fresh, flexible, and functional foods. Recent launches in areas like ground chicken and refrigerated breakfast foods were highlighted as examples of successful innovation delivering revenue growth. Going forward, Tyson aims to sustain leadership through a balanced portfolio approach and driving growth across retail, foodservice, and e-commerce channels.
Sysco reported first quarter 2017 earnings results. Key highlights included sales growth of 1.0% excluding Brakes and 11.2% including Brakes. Gross profit grew 5.0% excluding Brakes and 20.3% including Brakes. Operating income grew 15.3% excluding Brakes and 23.8% including Brakes. The acquisition of Brakes Group was accretive to earnings per share and Sysco expects Brakes to be high-single-digit accretive for fiscal year 2017. Sysco also discussed continued focus on key initiatives to drive growth and manage expenses.
StoneMor Partners L.P. provided forward-looking statements and cautioned readers that actual results could differ materially from projections. The document included risks such as changes in the death rate, regulatory environments, litigation, cyber security attacks, and financial conditions of insurance companies. StoneMor then provided an overview of its operations including its footprint in 28 states, number of locations, number of burials, revenues, and assets held in merchandise and perpetual care trusts.
The document is the Q1 FY18 financial results presentation from New Relic, Inc. It includes the following key points:
- New Relic reported revenue of $80.1 million for Q1 FY18, up 37% year-over-year. Cash from operating activities and non-GAAP free cash flow were both records highs.
- For Q2 FY18, New Relic is providing revenue guidance of $81.8-83.3 million and non-GAAP operating loss of $5-6 million. For FY18, revenue guidance is $344-348 million and non-GAAP operating loss of $14-17 million.
- New Relic continues
This presentation by Mondelēz International discusses the company's strategy and financial outlook. Some key points:
- Mondelēz aims to grow revenue at or above snack category growth rates through focusing on power brands and revenue management actions. It also aims to expand margins by reducing supply chain and overhead costs.
- In 2015, Mondelēz delivered organic net revenue growth of 1.4%, adjusted operating income margin expansion of 150 basis points, and adjusted EPS growth of 13.5% on a constant currency basis.
- For 2016, Mondelēz expects organic net revenue growth of at least 2%, adjusted operating income margin expansion to 15-16%, and double-digit
1) Campbell Soup Company's President and CEO outlined changes underway at the company including reorganizing into three new business divisions and implementing a cost-reduction program.
2) The company is reorganizing into the Americas Simple Meals and Beverages division, Global Biscuits and Snacks division, and Packaged Fresh division to better align with growth strategies.
3) Campbell aims to reduce costs by $200 million annually over three years through initiatives like zero-based budgeting, headcount reductions, and examining all spending categories.
Gregg Engles, Chairman and CEO of WhiteWave Foods, presented at the CAGNY2014 conference. He discussed WhiteWave's mission of changing the way the world eats for the better through convenient, flavorful, nutritious, and responsibly produced food and beverage options. Engles provided an overview of WhiteWave's financial performance, brands, growth strategies, and recent acquisitions. He highlighted the company's focus on innovation, brand building, and expanding into new categories and geographies.
Tyson Foods plans to acquire AdvancePierre Foods for $4.2 billion. The acquisition expands Tyson's prepared foods portfolio and distribution network. It is expected to generate over $200 million in cost synergies within three years through consolidated manufacturing, supply chain efficiencies, and eliminating redundant functions. The deal enhances Tyson's financial profile and is expected to be immediately accretive to earnings per share. The complementary brands and distribution channels create opportunities for long-term revenue growth.
Coca Cola Investor Day 2017 - James Qunicey - CEONeil Kimberley
- James Quincey is the President and Chief Executive Officer of The Coca-Cola Company.
- The presentation includes non-GAAP financial measures and forward-looking statements that are subject to risks and uncertainties.
- The presentation discusses strategies to accelerate growth of the Company's leading consumer-centric brand portfolio, drive revenue growth, strengthen the system's value-creation advantage by digitizing the system, and unlock the power of employees.
Sysco hosted an investor day in 2017 to outline its strategic business plan for fiscal years 2018 through 2020. The plan focuses on four key priorities: [1] enriching the customer experience through new technology, consultative sales, and product innovation; [2] delivering operational excellence by leveraging Sysco's scale and improving productivity; [3] optimizing the business by fostering innovation and driving agility; and [4] activating Sysco's people by empowering the workforce. The presentation highlights Sysco's strong financial performance, leadership team, and opportunities for growth across its portfolio of foodservice businesses in the US and internationally.
This document provides an investor presentation for Fiesta Restaurant Group. It discusses Fiesta's two brands, Pollo Tropical and Taco Cabana, and provides strategic, operational, and financial overviews. Key points include plans to separate the two brands into independent companies by 2017 or 2018, long-term targets of 10-12% revenue growth, 2-3% comparable sales growth, and 8-10% unit growth. Financial summaries show the company has accelerated growth since 2012, with over 30% annual unit growth and rising adjusted EPS and margins.
- The document provides forward-looking statements about Tyson Foods' expected performance and notes factors that could cause actual results to differ from expectations.
- It cautions readers not to place undue reliance on forward-looking statements and lists 19 factors that could cause actual results to differ.
- The document is Tyson Foods' investor presentation from March 2015 that provides an overview of the company, its financial trends and outlook, and priorities for cash allocation.
PepsiCo provided guidance for 2019, noting organic revenue growth of 4% but a 1% decline in core constant currency EPS due to higher net capital spending and lapping prior year gains. The company outlined priorities to become faster, stronger, and better through initiatives like increasing consumer centricity, transforming costs and capabilities with technology, and further integrating sustainability. Long-term goals include 4-6% organic revenue growth, core operating margin expansion, high-single digit core EPS growth, and increasing core net ROIC.
- Canadian Tire Corporation reported strong second quarter results for 2017, with consolidated revenue increasing 1.8% compared to the same period last year and diluted EPS up 14.1%.
- The Retail segment saw a 3.0% increase in retail sales and a 6.1% rise in income before taxes. Same-store sales increased 1.4% at Canadian Tire and 4.0% at Mark's.
- CT REIT's income before taxes grew 23.1% due to property acquisitions in 2017 and 2016 and an increase in fair value gains.
- Financial Services reported a 12.3% increase in income before taxes driven by higher revenues and decreased expenses. Gross average credit
This document lists various school supplies including books, crayons, glue, markers, paper, pencils, scissors, rulers, rubber, color pencils, boards, school bags, chairs, desks, chalk, and mentions teachers and students.
El documento presenta la declaración jurada patrimonial de José Francisco López para el año 2015. Declara varios inmuebles, vehículos, acciones y depósitos bancarios. Los bienes aumentaron de valor entre el inicio y el fin de año. Sus principales ingresos provienen de su trabajo como diputado del Mercosur, categoría impositiva 4ta.
The billionaire-who-wasn-t-how-chuck-feeney-made-and-gave-away-a-fortune-with...Murann Ezine
Chuck Feeney was born in 1931 in New Jersey at the start of the Great Depression. He grew up in a working class family and had to work various jobs from a young age to help support his family, including selling newspapers and working as an umbrella boy. Though times were difficult financially, Feeney was determined from an early age to be successful in business.
The study found that 61 of the Fortune 100 companies have combined the roles of Chairman and CEO, while 39 have split the roles. However, the trend is toward splitting the roles, as 25 companies that previously combined the roles have now split them. Companies that consistently combine the roles tend to have fewer CEO transitions and are more likely to promote insiders to the CEO position. While there is no consensus on the best leadership structure, designating an independent Lead Director when the Chairman is not independent has become a common corporate governance practice.
Dirección de directores dostrito 03 17 junio Adalberto
Este documento contiene una lista de nombres y direcciones de correo electrónico, así como enlaces de sitios web y credenciales de acceso (usuarios y contraseñas) para varias cuentas. La lista incluye más de 50 nombres y direcciones de correo electrónico, así como enlaces y credenciales para sitios como MINED, SlideShare, Box y blogs.
Presentation (in Dutch) on social media. Key message: open up and listen, create value, share enthusiasm. Includes checklist and cases that illustrate the checklist.
Will Your Business Get Hacked? #HumberBizWeek2016Tim Pritchard
Phil Denham from HBP Systems & Ed Jennison from Rollits LLP presented a dual aspect IT security and cyber liability seminar for Humber BizWeek 2016 @ Smailes Goldie in Hull.
Phil discussed the current trends in cyber security threats and how to protect your business against them, and Ed spoke about the corporate liability with regards to company data loss.
This document discusses marketing to youth audiences in India. It begins by defining marketing and the importance of market segmentation. It then identifies six key segments of Indian youth based on an MTV survey: Cultural Misfit, Style Bhai, Middle-class Manju, Main Bhi NRI, Rich Brat, and Nerdy Nandu. Each segment is profiled in terms of their behaviors, values, and opinions. The document emphasizes that youth is not a homogeneous group and successful marketing requires understanding their diverse psychographics. It also stresses the importance of appealing to individual youth, using their language, and respecting their short attention spans.
The document announces an upcoming global meet hosted by the BITS Alumni Association (BITSAA) chapter in Hyderabad from January 3-5, 2014 at the BITS Pilani Hyderabad campus. Over 1500 alumni are expected to attend. The theme is "Celebrating Innovation, Achievement and Leadership". The agenda includes keynote speeches from leaders in business and academia, panel discussions on topics like making BITS a global brand, and networking opportunities. Registration information and the full schedule of events over the 3 days are provided.
How to structure the leadership of large corporations – and specifically whether to split or combine the roles of Chairman and CEO – remains an active and often controversial question.
In order to cast new and up-to-date light on the question of whether and when to change the Chairman-CEO structure, we studied the experience of the Fortune 100 over the last decade and more. In this report we share our observations, conclusions, and recommendations regarding leadership structure, including the increasingly important role of independent Lead Director whenever the Chairman and CEO roles are combined.
anuga 2015 USA Pavilion Directory - October 10 - 14, 2015Koelnmesse
anuga 2015 USA Pavilion Directory - October 10 - 14, 2015 - Cologne, Germany - Hall 2.2, Hall 4.2, Hall 5.1 Hall 8, Hall 9, Hall 10.1, Hall 10.2. - USDA, USA, Koelnmesse
Meten is weten, presentatie webstatistieken Avans Febrari 2010Raaker
Presentatie webstatistieken voor studenten Advanced Business Creation van Avans Hogeschool \'s-Hertogenbosch. Onderwerp: meten is weten, weten is veranderen.
This document is the March 2017 issue of the Catalyst magazine for Hayes Free Church (URC). It includes notices about upcoming church services and events in March, letters from the church secretary and editor, and various articles. The magazine provides information to members about church activities, notices, and events happening in the local community.
El documento describe los elementos decorativos y arquitectónicos comunes en la mezquita y el palacio islámicos, incluidos los arcos polilobulados, la decoración epigráfica, los mocárabes y el alicatado. Explica que estos elementos se usaban para crear patrones geométricos complejos y horror vacui. Luego describe específicamente la Mezquita de Córdoba como un ejemplo, destacando sus arcos lobulados, cúpula gallonada, mihrab y mirador decorado con mocá
Benavides José Ernesto, González José Alberto,“Diseño y simulación de una red...Marice Marrero Rodr
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Shopify is an e-commerce platform with over 300,000 active merchants and $3.4 billion in GMV in Q2 2016. The document discusses Shopify's growth, including strong and consistent increases in revenue, monthly recurring revenue, and GMV. It highlights Shopify's business model of providing a single integrated platform for merchants to manage online stores, payments, shipping, and other operations. The summary highlights Shopify's large opportunity in the global SMB e-commerce market and its vision to make commerce better for everyone.
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Senior management of Kraft Heinz presents to the Consumer Analyst Group of New York in February 2024. This presentations are also available at the Krafyt Heinz website, along with a webcast of the commentary.
This document contains forward-looking statements about the company's plans, intentions and expectations, which are based on management's views of historical trends and future developments. It notes that actual results may differ materially from these statements due to known and unknown risks and uncertainties. It also notes that case studies of merchant results do not necessarily mean the company's platform was the only contributing factor to growth. Financial measures are supplemented with non-GAAP measures to provide additional context.
This document contains forward-looking statements about the company's plans, estimates, beliefs and assumptions. It notes that actual results may differ materially from what is projected. It also discusses non-GAAP financial measures used by the company to supplement GAAP reporting and provide additional useful information. Case studies of merchant experiences are also discussed but it is noted that many factors could have contributed to reported increases, not just the company's platform.
This document contains forward-looking statements about the company's plans, estimates, beliefs and assumptions. It notes that actual results may differ materially from what is projected. It also discusses risks associated with forward-looking statements and notes that references to case studies do not necessarily mean the company's platform was the only factor in growth. Finally, it defines non-GAAP financial measures used to supplement GAAP reporting and provides reconciliations between non-GAAP and GAAP measures.
This document contains forward-looking statements about the company's plans, intentions and expectations, which are based on management's views of historical trends and future developments. It cautions that actual results may differ from these statements due to risks and uncertainties. It also believes the case studies presented provide a representative sample of how merchants have used its platform, but notes other factors may have contributed to increases in visits, growth and sales. Finally, it supplements GAAP financial measures with non-GAAP measures to provide additional information, and includes reconciliations between the GAAP and non-GAAP measures.
This document contains forward-looking statements about the company's plans, estimates, beliefs and assumptions. It notes that actual results may differ materially from what is projected. It also discusses non-GAAP financial measures used by the company to supplement GAAP reporting and provides reconciliations of non-GAAP measures. The document is intended for investors and analyzes the company's business model, growth opportunities, and financial performance.
This document contains forward-looking statements about the company's plans, intentions and expectations, which are based on management's views of historical trends and future developments. It cautions that actual results may differ from these statements due to risks and uncertainties. It also notes that case studies of merchant growth do not necessarily mean the company's platform was the only contributing factor. Finally, it provides context for using non-GAAP financial measures to supplement GAAP reporting.
- The document discusses forward-looking statements made by the company regarding its plans, intentions, expectations and strategies. These statements involve known and unknown risks and uncertainties that could cause actual results to differ materially.
- The company believes the case studies presented provide a representative sample of how merchants have used its platform to grow their businesses, but other factors may have also contributed to increases in visits, growth and sales.
- Non-GAAP financial measures are used to supplement GAAP financial measures and should be considered as supplemental, not as a substitute.
- The document discusses forward-looking statements made by the company regarding its plans, estimates, beliefs, assumptions, and strategies. These statements are subject to risks and uncertainties that could cause actual results to differ materially.
- The case studies presented are intended to be representative of how merchants have used the company's platform, but may not be the only contributing factor to increases in visits, growth, or sales for those merchants.
- Non-GAAP financial measures that exclude certain items are used to supplement GAAP financial measures, but should be considered as supplemental and not as a substitute for GAAP measures.
Shopify is an e-commerce platform with over 325,000 active merchants and $3.8 billion in gross merchandise volume (GMV) in Q3 2016. The company has a powerful business model with strong, consistent growth in revenue, monthly recurring revenue (MRR), and GMV driven by an increasing merchant base and expanding offerings. Shopify has a long-term focus on growth through additional solutions, channels, and international expansion while maintaining operating leverage through infrastructure investments.
This document contains forward-looking statements about the company's plans, estimates, beliefs and assumptions. It notes that actual results may differ materially from what is projected. It also discusses risks associated with forward-looking statements and says the company does not undertake to update projections except as required by law. The document also states that case studies of merchant growth do not necessarily mean the company's platform was the only contributing factor, and that non-GAAP financial measures should be viewed as supplemental, not superior, to GAAP measures.
The Win Strategy™ is the Parker business system and was introduced in 2001. It has been instrumental in transforming the company’s operations and optimizing performance. The Win Strategy has served Parker exceptionally well and many of its core principles will remain in place. However, under new leadership, the company has reached an opportune time to set a new course for Parker in a fast-changing and increasingly challenging global environment. The new Win Strategy will position the company to achieve top quartile financial performance among its diversified industrial proxy peer companies. Over time, executing the new Win Strategy will ensure Parker is on track to achieve its vision of Engineering Your Success.
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Financial Highlights
• Year-to-date and expected full-year organic1 revenue growth in line with long-term target • Each of the four business units achieved positive net price realization in the quarter
• Core1 gross margin up 70 bps in the quarter and 105 bps year to date
• Productivity on track
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- The document discusses forward-looking statements made by the company regarding its plans, expectations, assumptions and strategies, noting inherent risks and uncertainties that could cause actual results to differ materially.
- It notes that case studies presented provide examples of how the company's platform has helped some merchants grow, but other factors may have also contributed to increases.
- Non-GAAP financial measures that exclude certain expenses are used to supplement GAAP measures, and are not a substitute for GAAP measures.
- The document contains forward-looking statements about the company's plans and estimates that involve known and unknown risks and uncertainties.
- Case studies in the presentation are meant to be representative of how customers have grown their businesses using the company's platform, but may not prove the platform was the only contributing factor.
- Non-GAAP financial measures are used to supplement GAAP financial measures and should be considered as supplemental, not as a substitute for GAAP measures.
Shopify had over 275,000 active merchants on its platform in Q1 2016, generating over $2.7 billion in gross merchandise volume (GMV). The document discusses Shopify's financial highlights, including strong and consistent revenue growth, a powerful recurring subscription-based business model, and operating leverage. It also outlines Shopify's growth vectors such as acquiring more merchants and partners, developing more solutions, and expanding into more international markets and sales channels.
- The document discusses forward-looking statements made by the company that are based on management's estimates and assumptions about future events and trends. These statements involve inherent risks and uncertainties.
- The company believes the case studies presented provide a representative sample of how merchants have used its platform to grow their businesses, but other factors may have also contributed to increases in visits, growth, and sales.
- The company uses non-GAAP financial measures to supplement GAAP measures by excluding certain items like stock-based compensation, which management uses internally and believes provides useful information, but should be considered as supplemental to GAAP measures.
Similar to Pinnacle Foods Inc. at Barclays Global Consumer Staples Conference (20)
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The E-Way Bill revolutionizes logistics by digitizing the documentation of goods transport, ensuring transparency, tax compliance, and streamlined processes. This mandatory, electronic system reduces delays, enhances accountability, and combats tax evasion, benefiting businesses and authorities alike. Embrace the E-Way Bill for efficient, reliable transportation operations.
World economy charts case study presented by a Big 4
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Methanex is the world's largest producer and supplier of methanol. We create value through our leadership in the global production, marketing and delivery of methanol to customers. View our latest Investor Presentation for more details.
2. This presentation contains “forward-looking statements” within the meaning of U.S. federal securities laws.
Forward-looking statements are not historical facts, and are based upon management’s current expectations,
beliefs, projections and targets, many of which, by their nature, are inherently uncertain. Such expectations, beliefs,
projections and targets are expressed in good faith. However, there can be no assurance that management’s expectations,
beliefs, projections and targets will be achieved and actual results may differ materially from what is expressed in or
indicated by the forward- looking statements. Forward-looking statements are subject to significant business, economic,
regulatory and competitive risks and uncertainties that could cause actual performance or results to differ materially from
those expressed in the forward-looking statements, including risks detailed in Pinnacle Foods Inc.’s (“Pinnacle Foods,”
“Pinnacle” or the “Company”) filings with the U.S. Securities and Exchange Commission (the “SEC”). Nothing in this
presentation should be regarded as a representation by any person that these forward-looking statements will be achieved.
Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to
update forward-looking statements to reflect actual results, subsequent events or circumstances or other changes affecting
forward-looking information except to the extent required by applicable securities laws.
This presentation includes certain non-GAAP financial measures, which differ from results using U.S. Generally Accepted
Accounting Principles (GAAP). These non-GAAP financial measures should be considered as supplements to the GAAP
reported measures, should not be considered replacements for, or superior to, the GAAP measures and may not be
comparable to similarly named measures used by other companies. Non-GAAP financial measures typically exclude certain
charges, which are not expected to occur routinely in future periods. The Company uses non-GAAP financial measures
internally to focus management on performance excluding these special charges to gauge our business operating
performance. Management believes this information is helpful to investors because it increases transparency, and assists
investors in understanding the underlying performance of the Company and in the analysis of ongoing operating trends.
Additionally, management believes that non-GAAP financial measures are frequently used by analysts and investors in their
evaluation of companies, and its continued inclusion provides consistency in financial reporting and enables analysts and
investors to perform meaningful comparisons of past, present and future operating results. The most directly comparable
GAAP financial measures and reconciliations to non-GAAP financial measures are set forth in the appendix to this
presentation and included in the Company’s filings with the SEC.
Forward-Looking Statements
& Non-GAAP Financial Measures
12. Smart Marketing and Innovation
12
2013 2014 2015 2016 YTD
+0.8 pts
+0.5 pts
+0.2 pts
+0.3 pts
Composite $ Market Share
(Change vs. PY)
TDPs
+41%
since IPO
Share
tracking
+1.8 pts
since IPO
• Portfolio management
• Focus on shelf, distribution
and price
• Speed to market
• Consumer-driven, margin
accretive innovation
Playbook
Source: IRI US Multi-Outlet data, based on IRI’s Pinnacle custom definitions. Total Distribution Points (TDPs) exclude discontinued businesses.
13. Flavor Full
Protein Blends
Birds Eye Vegetables
Birds Eye
TDPs
+12%
13
• Introduced 3 new platforms in 2015
• Expanded these platforms in 2016
• Multi-media campaign focused on
vegetable usage and meal solutions
• Increased investment across franchise
Birds Eye
$ Share
+4.3 pts
Disney-Themed
Marketing Innovation
Source: IRI US Multi-Outlet data, based on IRI’s Pinnacle custom definitions; share and TDP growth since YE 2013.
14. Birds Eye Multi-Serve Meals
14
Voila! Family Size
Voila! Premium-Tier
Voila!
$ Share
+12.7 pts
• Launched beef, pork, shrimp offerings
• Expanding distribution of Premium-tier
• Expanding occasions with Family Size
• Launched dedicated Voila! advertising
• Increase investment in 2016
• Drive broader HH penetration
Marketing Innovation
Source: IRI US Multi-Outlet data, based on IRI’s Pinnacle custom definitions; share and consumption growth since YE 2013.
Voila!
Consumption
+27%
15. Duncan Hines
15
Innovation
Award
Source: IRI US Multi-Outlet data, based on IRI’s Pinnacle custom definitions; share growth since YE 2013.
Premium
$ Share
+2.8 pts
• Focused on premium end of category
• Perfect Size addresses 1-2 person HH
• New decadent gluten-free line
• Leverage highly-engaged consumer via
digital marketing and social media
• Build robust consumer interaction
• Focus events on key baking holidays
Marketing Innovation
Perfect Size
45%
Incremental
to Category
16. E.V.O.O.
Wish-Bone
~75%
ACV
5 of the
Top 10
New Items
in Category
16
Wish-Bone
Growing Share
in Latest
2 Periods
Source: IRI US Multi-Outlet data, based on IRI’s Pinnacle custom definitions; share growth in 5 week period ended 7/31/16 and 4 week period ended 6/26/16.
• Highest EVOO level in mainstream dressing
• Breakthrough bottle design and premium
price point
• An artisan, restaurant-style experience
• Strengthening margins within category
Better for You Oils Restaurant Experience
Ristorante Italiano
18. Lean and Experienced Organization
18
Sales per
Employee
>20% above
Peer
Average
• Focused on what matters
• Speed as a core value
• Mission-critical capabilities
• Cost conscience mindset
Playbook
Note: SG&A Overhead defined as selling, general and administrative expenses excluding marketing, intangible amortization and one-time items;
reflects fiscal 2015 FY data. Peer Average comprised of: BGS, CAG, CPB, GIS, KHC, MKC, SJM.
Source: Pinnacle analysis.
Peer Avg. Pinnacle
~12%
9%
SG&A Overhead
(% of Net Sales)
20. Oct. 2013
Acquisition & Integration Expertise
20
Added
>$750m Sales
since IPO
• North America focus
• Existing / adjacent categories
• Market leadership or line of
sight to leadership
• Synergy-rich transaction
• Speed of integration
Playbook
Nov. 2014
Jan. 2016
21. 2015 Innovation 2016 Innovation
$ Market Share
• Expanded capacity in
Vancouver site in 2015
• Acquired Hagerstown, MD
facility to further expand
capacity beyond 2016
8.9%
11.7%
15.0%
2014 2015 2016 YTD
Source: IRI US Multi-Outlet data, based on IRI’s Pinnacle custom definitions; share of frozen meat substitutes category.
Gardein
21
Growing
Consumption
35%+ since
Acquisition
22. Attractive Value Creation Since IPO
22
Accretive Acquisitions Accelerate Growth Beyond Algorithm
Note: Operating Income and EPS presented above are on a Non-GAAP basis. See reconciliation to GAAP financial measures in Appendix.
Total Shareholder Return (TSR) reflects stock price as of 8/30/16 versus IPO price of $20.
Net Sales
Operating Income
EPS
Dividend Yield
13%
14%
3%
Outpaced
Categories
17%
2013
13%
Outpaced
Categories
10%
39%
3%
Outpaced
Categories
42%
2014 2015
5%
10%
~2-3%
LT Organic
Growth Target
4 - 5%
7 - 8%
3 - 4%
In Line with
Categories
10 - 12%
Adjusted Basis
TSR
+175%
since IPO
23. Who We Are
• Overview
• Pinnacle Playbook
• Financial Performance
Where We’re Going
• Amplify the Playbook
Agenda
23
24. 2016 Vs. PY
Net Sales $1,511 +16.5%
Gross Margin 28.1% +180 bps
Operating Income $222 +21.4%
Diluted EPS $0.83 +10.7%
Strong First Half 2016 Results…
24
Strong H1
for Base PF
$m, except EPS
Note: Gross Margin, Operating Income and Diluted EPS presented above are on a Non-GAAP basis. See reconciliation to GAAP
financial measures in Appendix.
Adjusted Basis
Boulder
ahead of
expectations
25. …Led to Improved 2016 Outlook
Full Year
25
Reduced from
2.0% - 3.0%
Increased from
$2.08 - $2.13
Unchanged
Unchanged
Increased from
~$0.05
Net Sales Growth in line
with categories
Productivity 3.5% to 4.0% of COGS
Inflation 2.0% to 2.5% of COGS
Adj. Diluted EPS $2.10 to $2.15
Boulder $0.07 to $0.08
Note: Adj. Diluted EPS presented above is on a Non-GAAP basis. See reconciliation to GAAP financial measures in Appendix.
26. Strong Second Half Programming
26
• Robust Birds Eye program
Increased marketing
Innovation
• Perfect Size pie offerings
• Significant Hungry-Man
distribution expansion
Veggie Made Rice Flavor Full Potatoes
Hungry-ManPerfect Size
Marketing and Innovation
28. Conversion
Logistics
Proteins
Grains & Oils
Packaging
Vegetables
& Fruit
All Other
More Inflationary
• Sweeteners
• Sugar
Deflationary
• Grains & Oils
• Proteins
• Egg Whites
2016 Outlook
Note: Pro forma for Boulder Brands acquired on 1/15/16.
2015
Cost of Goods Sold
$2.3 billion
Diversified Input Basket Acts as a Commodity Hedge
28
29. Strength of Boulder Brands Integration
2016 2017 2018
SG&A
Logistics
Procurement
Manufacturing
Total Synergies $14m $16m +++
29
On track
Building visibility to synergies beyond 2017
$30m Synergy Target
Highly-experienced Boulder
President announced
One order, one invoice completed
Evol Range St. facility closure
announced
SKU rationalization well underway
All systems integrated by 12/31
Business Integration
Outlook
for 2015-2017
Adj EBITDA Growth
Significantly
Improved
2016
Sales Outlook:
$460m - $480m
2016
EPS Contribution:
$0.07 - $0.08
30. Continued Strong Free Cash Flow Generation
30
$325m
$452m
$382m
$136m
$184m
2013 2014 2015 2015 H1 2016 H1 Peer
Average
Pinnacle
Unleveraged FCF FCF Yield
Note: Unleveraged Free Cash Flow is a non-GAAP measure. See reconciliation to GAAP financial measures in Appendix. FCF Yield based on
industry analysts’ valuation analyses using prices as of 8/15/16 and Pinnacle analysis.
~4%
~6%
31. 2013 2014 2015 2016E
$84m
$108m
$115 –
$125m
$103m
Disciplined Capital Expenditures
31
Base Acquisition-related
% of Net Sales 3.4% 4.0% 4.1% ~4.0%
Note: 2016 base CAPEX includes Boulder.
32. Note: Leverage ratio defined as Total Net Debt / Covenant Compliance EBITDA, as per PF debt agreements and public filings.
7.6X
6.2X
4.5X
4.9X
3.8X
4.8X
3.8X
Apr ‘07
Blackstone
LBO
Dec ‘09
Birds Eye
Acquisition
Mar ‘13
IPO
Oct ‘13
Wish-Bone
Acquisition
Dec ‘15 Dec ‘15
Pro Forma
for BDBD
Acquisition
Dec ‘17
Estimate
IPO proceeds
used to
reduce debt
Approximate
2-year path
to 3.8X
Target
deleveraging
post acquisition
History of Deleveraging Post Acquisition
32
Leverage Ratio
33. Who We Are
• Overview
• Pinnacle Playbook
• Financial Performance
Where We’re Going
• Amplify the Playbook
Agenda
33
35. Expand Margins
35
28.2%
PF
26.5%
Peer Average = 36.0%
46.0%
Adj. Gross Profit % of Net Sales
Peer Company Comparison
Margin &
Cash
Significantly
Reduce Gap to
Peer Average
by 2019
• Broader MVP scope
• Harmonization
• Trade optimization
• Boulder
Margin Amplifiers
Note:. Adj. Gross Profit % of Net Sales is a Non-GAAP measure and represents latest fiscal year. See reconciliation to GAAP financial measures in Appendix for PF.
MVP is Pinnacle’s Maximizing Value through Productivity program.
Source: Peer Company reporting; Pinnacle analysis.
38. Accelerate Profitable Top-Line Growth
38
Growth
-1%
Avg. Annual PF
Cat’y Composite
Cumulative
PF $ Share
3-Year Growth Through 2015
+1.1 pts
Strong Performance vs. Categories
14%
55%
2009 20151
% of Net Sales
Strengthened PF H&W Portfolio
Continue to
drive top-line
at or above
categories
• Health & Wellness portfolio
• Strengthened fundamentals
• Channel coverage
Growth Amplifiers
Source: IRI US Multi-Outlet data, based on IRI’s Pinnacle custom definitions.
1 Pro forma for Boulder Brands acquisition.
39. Health & Wellness is the Biggest Growth Trend in Food
39
Lifestyle Choices Clean IngredientsVegetable Demand
43%
planning on eating
less processed foods
this year
Actively seeking to
increase consumption:30%
participated in some
kind of specialized
approach to eating in
the past 12 months.
Top 3 Approaches
• Plant Based/
Vegetarian
• Lactose-Free
• Gluten-Free
43.6%
47.9%
48.9%
62.6%
64.9%
Protein
Fiber
Whole Grains
Fruit
Vegetables
Sources: FMI, US Grocery Shopping Trends, 2015; Mintel Oxygen American Lifestyles 2014: Looking Forward; NPD Eating Trends 2016.
40. 40
Grow in H&W with Consumer-Driven Strategies
Lifestyle Leadership Vegetable Ubiquity
• Lead key H&W lifestyle
movements
• Plant Based
• Gluten Free
• Clean Convenience
• Increase support levels
• Expand availability and
affordability
• Add new occasions and
formats
Better Center of Store
• Expand permissibility by
increasing positives and
reducing negatives
• Add portion control
choices
44. 44
Increase M&A PotentialM&A
• H&W platform broadens options
• Decision criteria remains disciplined
North America / existing or adjacent categories
Leading brands or line of sight to leadership
Synergy-rich and speed-of-integration
Proven integration model
• Dedicated VP Corporate Development resource being hired
M&A Amplifiers
Acquisitions
Accelerate
Margins and
Growth
46. 46
Amplifying the Playbook: What’s Next?
We expect to deliver another great year in 2016
Going forward, amplifying the playbook can create
further meaningful value
Gross margin opportunity is significant
H&W platform supports faster growth
Strengthened capabilities deliver full potential
Increased M&A potential expands optionality
Investor meeting in December to share more details
48. Operating Diluted
In millions, except per share Income Diluted Earnings
Net Sales $ % Margin (EBIT) Net Earnings Shares Per Share
Reported $2,656 $741 27.9% $425 $212 117.3 $1.81
Acquisition, merger and other restructuring charges (1) 10 0.3% 14 10 0.08
Other non-cash items (2) (1) 0.0% 4 3 0.03
Adjusted 2,656 750 28.2% 443 225 117.3 $1.92
Operating Diluted
In millions, except per share Income Diluted Earnings
Net Sales $ % Margin (EBIT) Net Earnings Shares Per Share
Reported $2,591 $681 26.3% $512 $248 116.9 $2.13
Acquisition, merger and other restructuring charges (3) 12 0.4% (130) (79) (0.68)
Other non-cash items (4) 18 0.7% 41 34 0.29
Adjusted 2,591 711 27.4% 423 203 116.9 $1.74
Operating Diluted
In millions, except per share Income Diluted Earnings
Net Sales $ % Margin (EBIT) Net Earnings Shares Per Share
Reported $2,464 $654 26.5% $293 $89 108.6 $0.82
Acquisition, merger and other restructuring charges (5) 4 0.2% 22 14 0.13
Other non-cash items (4) 6 0.3% 6 3 0.03
Other adjustments (6) 53 55 0.51
Adjusted 2,464 664 27.0% 374 161 108.6 $1.49
IPO and Refinancing (7) 16 8.0 0.03
Pro Forma $2,464 $664 27.0% $374 $177 116.6 $1.52
Stock-based Compensation 1 1 8 6 0.05
Pro Forma Excluding Stock-based Compensation $665 $665 $382 $183 116.6 $1.57
Gross Profit
Gross Profit
Gross Profit
Reconciliation from GAAP to Adjusted Financial Measures
(1)
Primarily includes: Plant integration and restructuring charges and expenses related to the Boulder acquisition.
(2)
Primarily includes: Foreign exchange losses resulting from intra-entity loans, equity-based compensation exp. related to the Hillshire agreement termination and mark-to-market losses.
(3)
Primarily includes: Hillshire agreement termination fee (net of costs), restructuring charges including integration costs, employee severance and non-recurring merger costs.
(4)
Primarily includes: Equity-based compensation expense resulting from liquidity event, fair value write-up of acquired inventories and mark-to-market gains/losses.
(5)
Primarily includes: Restructuring charges from plant consolidations, integration costs, non-recurring merger costs and employee severance.
(6) Primarily includes: Bond redemption costs and management fee paid to sponsor.
(7) Pro forma data reflects Adjusted Statement of Operations amounts assuming IPO and 2013 Refinancing occurred on the first day of Fiscal 2013.
Year (52 Weeks) Ended December 29, 2013
Year (52 Weeks) Ended December 27, 2015
Year (52 Weeks) Ended December 28, 2014
48
49. Operating Diluted
In millions, except per share Income Diluted Earnings
Net Sales $ % Margin (EBIT) Net Earnings Shares Per Share
Reported $2,479 $585 23.6% $284 $53 86.5 $0.61
Acquisition, merger and other restructuring charges (1) 38 1.5% 45 28 0.32
Other non-cash items (2) (1) 0.0%
Other adjustments (3) 1 0.0% 21 23 0.27
Adjusted 2,479 623 25.1% 350 104 86.5 $1.20
IPO (4) 30 30.9 (0.08)
Public company costs (4) (3) (2)
Pro Forma $2,479 $623 25.1% $347 $132 117.4 $1.12
Gross Profit
(1)
Primarily includes: Accelerated depreciation from plant consolidations, restructuring charges including integration costs and employee severance.
(2)
Primarily mark to market gains.
(3)
Primarily includes: Bond redemption costs.
(4)
Pro forma data reflects Adjusted Statement of Operations amounts assuming IPO occurred on the first day of Fiscal 2012.
Year (53 Weeks) Ended December 30, 2012
49
Reconciliation from GAAP to Adjusted Financial Measures
50. First Half (26 Weeks) Ended June 26, 2016
(1)
Primarily includes: Restructuring charges, acquisition integration costs and acquisition-related expenses.
(2)
Represents expenses related to the write-up to fair value of inventories acquired as a result of the Boulder acquisition, mark-to-market gains, and unrealized
foreign exchange losses resulting from intra-entity loans.
(3)
Represents mark-to-market gains, unrealized foreign exchange losses resulting from intra-entity loans and employee stock compensation expense related
to the terminated Hillshire merger agreement.
First Half (26 Weeks) Ended June 28, 2015
50
Operating Diluted
In millions, except per share Income Diluted Earnings
Net Sales $ % Margin (EBIT) Net Earnings Shares Per Share
Reported $1,511 $420 27.8% $188 $71 117.7 $0.60
Acquisition, merger and other restructuring charges (1) 1 0.1% 32 26 0.22
Other non-cash items (2) 3 0.2% 2 1 0.01
Adjusted $1,511 $424 28.1% $222 $97 117.7 $0.83
Operating Diluted
In millions, except per share Income Diluted Earnings
Net Sales $ % Margin (EBIT) Net Earnings Shares Per Share
Reported $1,297 $341 26.3% $178 $85 117.2 $0.73
Acquisition, merger and other restructuring charges (1) 4 0.3% 6 4 0.03
Other non-cash items (3) (4) -0.3% (2) (1) (0.01)0.0%
Adjusted $1,297 $341 26.3% $182 $88 117.2 $0.75
Gross Profit
Gross Profit
Reconciliation from GAAP to Adjusted Financial Measures
51. (1) Primarily includes: Restructuring charges from integration costs, non-recurring merger costs and employee severance.
2013 FY 2014 FY 2015 FY 2015 H1 2016 H1
Reported Cash Flows from Operating Activities $262 $551 $373 $124 $165
Capital expenditures (84) (103) (108) (48) (60)
Free Cash Flow 178 448 265 76 105
Hillshire termination fee (net of costs and cash taxes) (150)
Free Cash Flow ex. Hillshire 178 298 265 76 105
Acquisition, merger and other restructuring charges (1) 39 64 38 20 31
Cash interest expense 108 90 79 40 48
Unleveraged Free Cash Flow $325 $452 $382 $136 $184
Reconciliation of Unleveraged Free Cash Flow to
Reported Cash Flows from Operating Activities - $m
51
Reconciliation from GAAP to Adjusted Financial Measures