Hormel Foods Corporation · NYSE:HRL
Hormel Foods — Investor Day (June 2017)
17 slides from Hormel Foods's investor day presentation, Jun 15, 2017
Slide 1: Jim Snee: 28 Years with Hormel Foods
28 Years with Jim Snee Hormel Foods President and CEO Hormel Foods Career History Oct 2016: President and Chief Executive Officer Oct 2015: President and Chief Operating Officer 2012: Group Vice President, Hormel Foods International 2008: Vice President, Affiliated Foods 2006: Director of Purchasing
Slide 2: Hormel Foods: A Long-Term Growth Story
Hormel Foods A Long-Term Growth Story Jim Snee President and Chief Executive Officer
Slide 3: Agenda
Agenda Steve Binder Tom Day Jeff Baker Q&A 8:50 – 9:10 9:10 – 9:35 9:35 – 9:55 9:55 – 10:00
Slide 4: Agenda
Agenda Luis Marconi Deanna Brady Glenn Leitch Q&A 10:15 - 10:40 10:40 – 11:00 11:00 – 11:25 11:25 – 11:30
Slide 5: Agenda
Agenda Don Kremin Larry Vorpahl Jim Splinter Q&A 12:30 – 12:50 12:50 – 1:10 1:10 – 1:30 1:30 – 1:35
Slide 6: Agenda
Agenda Jim Sheehan Jim Snee Final Q&A 1:35 – 1:50 1:50 – 2:00 2:00 – 2:15
Slide 7: Hormel Foods: The Path Forward
Hormel Foods The Path Forward Jim Snee President and Chief Executive Officer
Slide 8: The Path Forward
Hormel Foods The Path Forward 1. Evolving to a Broader Food Company 2. Expanding and Accelerating Foodservice 3. Becoming a More Global Food Company 4. Reducing Volatility & Increasing Balance 5. Divesting Non-Strategic Assets 6. Modernizing our Supply Chain
Slide 9: Evolving to a Broader Food Company
Evolving to a Broader Food Company Meat Protein Company Broader Food Company Non-Meat Protein + Flavor Enhancers
Slide 10: Expanding and Accelerating Foodservice
Expanding and Accelerating Foodservice
Slide 11: Becoming A More Global Food Company
Becoming A More Global Food Company Recreating the U.S. Model Globally China Capacity Lbs 1. #1 or #2 Brands Approximately 160M 2. Product Mix – Shelf Stable & Perishable +2x 3. Channel Mix – Foodservice & Retail Approximately 4. No Vertical Integration 80M At Full 2016 Production Actual Capacity
Slide 12: Reducing Volatility & Increasing Balance
Reducing Volatility & Increasing Balance Protein Packaged Foods Reducing Volatility By: Retail Foodservice 1. Continuing to shift our mix to value-added products Domestic International 2. Fewer commodity sales Beef, Nuts, Tomatoes Pork and Turkey and Avocados 3. Expanding our portfolio of raw materi
Slide 13: Portfolio Management: Divesting Non-Strategic Assets
Portfolio Management Divesting Non-Strategic Assets Internal data
Slide 14: Modernizing Our Supply Chain
Modernizing Our Supply Chain SIMPLIFY MODERNIZE OPTIMIZE RATIONALIZE Internal data
Slide 15: 2020 Margin Goal: A Logical Progression
2020 Margin Goal A Logical Progression Operating Margin 1. Evolving to a Broader Food Company Top Quartile 2. Expanding and Accelerating Foodservice 13.9% of our 3. Becoming a More Global Food Company Peers 4. Reducing Volatility & Increasing Balance 5. Divesting Non-Strategic Assets 2016 2020 6. Mo
Slide 16: Non-Negotiables in the Path Forward
Non-Negotiables In the Path Forward
Slide 17: Hormel Foods: The Path Forward
Hormel Foods The Path Forward Jim Snee President and Chief Executive Officer