Tyson Foods, Inc. · NYSE:TSN
Tyson Foods — Q3 2020 Earnings Presentation
16 slides from Tyson Foods's earnings presentation, Aug 3, 2020
Slide 1: Q3 Fiscal 2020 Supplemental Information
— Q3 Fiscal 2020 Supplemental Information 1 August 3, 2020
Slide 2: Forward-Looking Statements
Certain information in this report constitutes forward-looking statements. Such forward-looking statements include, but are not limited to, current views and estimates of our outlook for the remainder of fiscal 2020 and fiscal 2021, other future economic circumstances, industry conditions in domesti
Slide 3: Today's Speakers
Today’s Speakers Noel White Dean Banks Stewart Glendinning CEO President EVP & CFO
Slide 4: Team Member Health & Safety Remains Top Priority
Team Member Health & Safety Remains Top Priority Partnered with Outside Medical Experts to Installed Workstation Dividers to Created More than 500 Social Understand & Prevent the Spread of Maintain Social Distancing Distance Monitor Roles within COVID-19 Production Facilities 4 Tyson Foods, Inc.
Slide 5: Highlights
Highlights • Q3 Adjusted EPS1 of $1.40 • YTD Adjusted EPS1 of $3.83 • Strength in Beef and Pork segments offset challenges associated with COVID-19 • Substantial investments in team member health & safety 1 Represents a non-GAAP financial measure. Adjusted EPS, adjusted operating income and adjusted
Slide 6: Retail Volume Performance
Retail Volume Performance Core Business Lines & Total Tyson Retail Volume Sales % Chg. among top 10 branded food companies > $5B 26.7% 24.0% 21.4% 18.2% 12.6% 12.1% 7.2% 6.5% 5.6% 4.7% Core -0.8% Total Total Business F&B Tyson Lines Source: Nielsen Total U.S. xAOC Fixed Weight Volume EQ Sales 13 wee
Slide 7: Prepared Foods Segment Results
Prepared Foods Segment Results Operating Income ($ in millions) Q3 FY20 Sales volume ↓ 6.0% Dollars ROS % Average price ↑ 3.4% Q3 FY20 $145 7.1% Tyson Foods, Inc. 7
Slide 8: Beef Segment Results
Beef Segment Results Adj. Operating Income1 ($ in millions) Q3 FY20 Sales volume ↓ 23.8% Dollars ROS % Average price ↑ 11.6% Q3 FY20 $636 17.4% 1 Represents a non-GAAP financial measure. Adjusted EPS, adjusted operating income and adjusted operating margin are explained and reconciled to comparable
Slide 9: Pork Segment Results
Pork Segment Results Operating Income ($ in millions) Q3 FY20 Sales volume ↓ 16.5% Dollars ROS % Average price ↑ 0.8% Q3 FY20 $107 9.6% Tyson Foods, Inc. 9
Slide 10: Chicken Segment Results
Chicken Segment Results Operating Income ($ in millions) Q3 FY20 Sales volume ↓ 4.2% Dollars ROS % Average price ↓ 2.4% Q3 FY20 $(120) (3.9)% Tyson Foods, Inc. 10
Slide 11: Global protein consumption is growing
Global protein consumption is growing. It’s estimated that nearly 98% of global protein consumption growth will occur outside the U.S. As the population continues to grow, Tyson Foods will grow with it. 70% of the volume growth will come from Asia. Source: Euromonitor International from national sta
Slide 12: Q3 FY20 Highlights
Q3 FY20 Highlights ($ in millions, except per share data) Q3 FY20 • Avg. sales price up 2.6% Sales $10,022 Adj. Operating Income1 $760 • YTD Operating cash flows $2.7 billion Adj. Operating Margin1 7.6% Adjusted EPS1 $1.40 • Liquidity of $3.1 billion as of June 27 Adj. Operating Income1 ($ in millio
Slide 13: Raising the world's expectations for how much good food can do
Raising the world’s expectations for how much good food can do Grow Deliver Sustain Our business by delivering superior Fuel for growth and returns through Our company and our world for value to consumers and customers commercial, operational and financial future generations excellence WORKING DRAFT
Slide 14: Appendix
Appendix
Slide 15: EPS Reconciliations
EPS Reconciliations $ in millions, except per share data (Unaudited) Third Quarter Nine Months Ended Pretax Impact EPS Impact Pretax Impact EPS Impact 2020 2019 2020 2019 2020 2019 2020 2019 Reported net income per share attributable to Tyson - - $1.44 $1.84 - - $3.96 $4.51 Add: Restructuring and re
Slide 16: Segment Operating Income & Operating Margin Reconciliations
Segment Operating Income & Operating Margin Reconciliations $ In millions, except per share data (Unaudited) Adjusted Segm ent Operating Incom e (Loss) (for the third quarter ended June 27, 2020) Prepared International Intersegm ent Beef Pork C hick en F oods /Other Sales Total Sales $ 3,653 $ 1,115