Brown Forman Inc · NYSE:BF.A
Brown Forman — Shareholder Meeting (July 2019)
28 slides from Brown Forman's shareholder meeting presentation, Jul 25, 2019
Slide 1: Annual Stockholders' Meeting
N E X T Generation the Annual Stockholders’ Meeting July 25, 2019
Slide 2: Geo. Garvin Brown IV, Chairman of the Board
N E X T Generation the Geo. Garvin Brown IV, Chairman of the Board Annual Stockholders’ Meeting July 25, 2019
Slide 3: Forward Looking Statements
This presentation contains statements, estimates, and projections that are “forward-looking statements” as defined under U.S. federal securities laws. Words such as “aim,” “anticipate,” “aspire,” “believe,” “can,” “continue,” “could,” “envision,” “estimate,” “expect,” “expectation,” “intend,” “may,”
Slide 4: Geo. Garvin Brown IV, Chairman of the Board
N E X T Generation the Geo. Garvin Brown IV, Chairman of the Board Annual Stockholders’ Meeting July 25, 2019
Slide 5: Lawson Whiting, President & Chief Executive Officer
N E X T Generation the Lawson Whiting, President & Chief Executive Officer Annual Stockholders’ Meeting July 25, 2019
Slide 6: Investing in Momentum
N E X T Generation “INVESTING IN MOMENTUM” p a g e 6 the
Slide 7: Brown-Forman Annual Stockholders' Meeting 2019
7p a g e the N E X T Generation Brown-Forman Annual Stockholders’ Meeting 2019
Slide 8: Maintaining Top-Line Growth
the N E X T Generation p a g e 8 MAINTAINING TOP-LINE GROWTH Underlying* F13-18 CAGR F19 Net Sales 6% 5% Operating Income 9% 5% * Please see appendix for reconciliation.
Slide 9: An Excellent Business Model
the N E X T Generation p a g e 9 AN EXCELLENT BUSINESS MODEL Operating Margin 34% ROIC 22% Total Debt $2.4 Billion 28M Cases Sold Additional 16M Cases of RTDs
Slide 10: Brown-Forman Strategic Framework
the N BROWN-FORMAN STRATEGIC FRAMEWORK E X T Generation Brown-Forman Annual Stockholders’ Meeting 2019 Portfolio Geography Investment People Alcohol Responsibility Environmental Sustainability Community Diversity & Inclusion p a g e 10
Slide 11: Building for the Next Generation
BUILDING {ONG 6 FOR THE NEXT GENERATION
Slide 12: Whisk(e)y
W H I S K ( e ) Y p a g e 12
Slide 13: Tequilas
TEQUILAS the N E X T Generation Brown-Forman Annual Stockholders’ Meeting 2019 p a g e 13
Slide 14: Fords Gin
FORDS GIN the N E X T Generation Brown-Forman Annual Stockholders’ Meeting 2019 p a g e 14
Slide 15: Ready-to-Drink Portfolio
the N E X T Generation p a g e 15 READY-TO-DRINK PORTFOLIO
Slide 16: Alcohol Responsibility
ALCOHOL RESPONSIBILITY the N E X T Generation p a g e 16
Slide 17: Entering the Next
ENTERING THE NEXT a i
Slide 18: USA Remains Our Largest Market
p a g e 18 USA REMAINS OUR LARGEST the N E X T Generation MARKET
Slide 19: Developed International Markets Have Great Potential
DEVELOPED INTERNATIONAL MARKETS HAVE GREAT POTENTIAL p a g e 19
Slide 20: Emerging International Growth Drivers
N E X T Generation EMERGING INTERNATIONAL GROWTH DRIVERS p a g e 20 the B-F Internal data C H I N A B R A Z I L R U S S I A P O L A N D M E X I C O
Slide 21: [NUL THE
[NUL THE ie NEXT GENERATION os =
Slide 22: Investment for the Next Generation
the N E X T Generation p a g e 22 INVESTMENT FOR THE NEXT GENERATION $4.2B $1.0B Industry Leading Returned to Investment in CapEx ROIC of 22% and shareholders over 5 and acquisitions over 5 Operating Margin of 34% years years
Slide 23: Environmental Sustainability
ENVIRONMENTAL SUSTAINABILITY the N E X T Generation Monday, July 22, 2019 Attempting to raise rye in the Bluegrass State Whiskey industry, others aiming for local grain Sam Halcomb sat high atop his rumbling combine, cutting a wide swath in a field of golden, waist-high rye stretching across 25 acre
Slide 24: Making Brown-Forman for the Next Generation
MARING BROWN-FORMAN FOR THE
Slide 25: Community
25 p a g e COMMUNITY the N E X T Generation
Slide 26: Diversity & Inclusion
DIVERSITY & INCLUSION the N E X T Generation p a g e 26
Slide 27: The Next Generation of Brown Family Stewardship
THE NEXT GENERATION OF BROWN FAMILY STEWARDSHIP the N E X T Generation Brown-Forman Annual Stockholders’ Meeting 2019 p a g e 27
Slide 28: Thank you!
N E X T Generation the Thank you! Annual Stockholders’ Meeting July 25, 2019