The J.m. Smucker Company · NYSE:SJM
The J.m. Smucker — Investor Day (December 2020)
12 slides from The J.m. Smucker's investor day presentation, Dec 10, 2020
Slide 1: Investor Day December 10, 2020
INVESTOR DAY DECEMBER 10, 2020
Slide 2: Supporting Materials
Supporting Materials
Slide 3: Non-GAAP Financial Measures
Non-GAAP Financial Measures The Company uses non-GAAP financial measures, including: net sales excluding foreign currency exchange; adjusted gross profit; adjusted operating income; adjusted income; adjusted earnings per share; earnings before interest, taxes, depreciation, amortization, and impairm
Slide 4: Forward-Looking Statements
Forward-Looking Statements This presentation contains forward-looking statements, such as projected net sales, operating results, earnings, and cash flows that are subject to risks and uncertainties that could cause actual results to differ materially from future results expressed or implied by thos
Slide 5: Non-GAAP Reconciliation
Non-GAAP Reconciliation ($ in millions) Three Months Ended October 31, Six Months Ended October 31, 2020 2019 2020 2019 Operating income reconciliation: Operating income $380.8 $329.8 $741.9 $587.4 Amortization 59.5 58.8 119.1 117.6 Unallocated derivative losses (gains) (31.5) (0.9) (47.7) (29.9) Ot
Slide 6: Non-GAAP Reconciliation
Non-GAAP Reconciliation Three Months Ended October 31, Six Months Ended October 31, ($ and shares in millions, except per share data) 2020 2019 2020 2019 Net income reconciliation: Net income $230.8 $211.2 $467.8 $365.8 Income tax expense 72.7 67.9 149.3 120.0 Amortization 59.5 58.8 119.1 117.6 Unal
Slide 7: Non-GAAP Reconciliation
Non-GAAP Reconciliation ($ in millions) Three Months Ended October 31, Six Months Ended October 31, 2020 2019 2020 2019 Free cash flow reconciliation: Net cash provided by operating activities $378.7 $224.0 $787.7 $445.5 Additions to property, plant, and equipment (52.4) (63.4) (129.0) (136.4) Free
Slide 8: Non-GAAP Reconciliation: Company Guidance
Non-GAAP Reconciliation Company Guidance Year Ending April 30, 2021 ($ and shares in millions, except per share data) Low High Net income per common share – assuming dilution reconciliation: Net income per common share – assuming dilution $ 7.16 $ 7.46 Unallocated derivative losses (gains)(A) (0.25)
Slide 9: Non-GAAP Reconciliation
Non-GAAP Reconciliation ($ in millions) Three Months Ended TTM Ended January 31, April 30, July 31, October 31, October 31, 2020 2020 2020 2020 2020 EBITDA (as adjusted) reconciliation: Net income $187.4 $226.3 $237.0 $230.8 $881.5 Income tax expense 55.1 72.1 76.6 72.7 276.5 Interest expense - net
Slide 10: Non-GAAP Reconciliation
Non-GAAP Reconciliation ($ in millions) TTM Ended January 31, April 30, July 31, October 31, October 31, 2019 2019 2019 2019 2019 EBITDA (as adjusted) reconciliation: Net income $121.4 $71.5 $154.6 $211.2 $558.7 Income tax expense 35.8 30.4 52.1 67.9 186.2 Interest expense - net 51.6 49.1 49.4 49.1
Slide 11: Non-GAAP Reconciliation
Non-GAAP Reconciliation ($ in millions) Three Months Ended TTM Ended January 31, April 30, July 31, October 31, October 31, 2018 2018 2018 2018 2018 EBITDA (as adjusted) reconciliation: Net income $831.3 $185.9 $133.0 $188.5 $1,338.7 Income tax expense (benefit) (715.3) 78.3 40.1 80.9 (516.0) Intere
Slide 12: Additional Information
Additional Information The Company is the owner of all trademarks and logos referenced herein, except for the following, which are used under license: Dunkin’® and Dunkin’ Donuts® are registered trademarks of DD IP Holder LLC; Carnation® is a trademark of Societe des Produits Nestle S.A.; and Rachae
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