Conagra Brands, Inc. · NYSE:CAG
Conagra Brands — Conagra Foods — Merger or Acquisition (November 2015)
8 slides from Conagra Brands's merger presentation, Nov 18, 2015
Slide 1: Creating Two, Independent Pure-Play Public Companies to Drive Value
Creating Two, Independent Pure-Play Public Companies to Drive Value Investor Presentation November 18, 2015 Exhibit 99.1
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. These r
Slide 3: Creating Two Pure-Play Companies
Creating Two Pure-Play Companies Lamb Weston Conagra Brands Net sales: $9.0 B (2) Net sales: $2.9 B (3) Leading frozen potato product company with global reach North American focused consumer foods company with a robust portfolio of leading brands Pro forma based on fiscal 2015 results of the Compan
Slide 4: Compelling Strategic Rationale
Compelling Strategic Rationale Creates two vibrant pure-play companies, each well positioned for focused growth Enhances strategic focus and flexibility Allows shareholders to value the two companies based on their particular operational and financial characteristics and invest accordingly Drives va
Slide 5: Overview of Conagra Brands
Overview of Conagra Brands Focused branded consumer foods company Strengthening brand portfolio, driving innovation and improving margins Dynamic, agile new culture Relentless focus on improving efficiency and reducing costs Continued cost reduction program will support margin expansion and profit g
Slide 6: Overview of Lamb Weston
Overview of Lamb Weston Leading frozen potato product company with global reach Frozen potato, sweet potato, appetizer and other vegetable products sold to restaurants and retailers around the world Continued presence in retail frozen products under licensed brands and private brands 2,500 customers
Slide 7: Transaction Details
Transaction Details Transaction Structure Expected to be tax-free distribution to ConAgra Foods shareholders of new publicly-traded stock of Lamb Weston Timing Transaction is expected to be completed in the fall 2016 Investor days for Conagra Brands and Lamb Weston to be held prior to separation Key
Slide 8: Summary
Summary Creates two pure-play companies with unique and compelling growth prospects and investment opportunities Underscores ConAgra Foods’ commitment to take decisive action to drive long-term shareholder value Optimizes performance of each business and provides flexibility to pursue value-creating
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