Hormel Foods Corporation · NYSE:HRL
Hormel Foods — Investor Presentation (February 2023)
12 slides from Hormel Foods's investor presentation, Feb 28, 2023
Slide 1: Recast Financials Webcast
February 28, 2023 RECAST FINANCIALS WEBCAST
Slide 2: Our Evolution as a Global Branded Food Company
Our Evolution as a Global Branded Food Company Pre-2013 2013-2019 2020+ Meat-centric Protein-centric Global branded company company food company • Pork and turkey • Expanded beyond meat protein • Global • Retail-focused • Strong growth from foodservice • Leading retail and • Commodity-driven • De-ri
Slide 3: Strategic Actions Driving Our Evolution as a Global Branded Food Company
Strategic Actions Driving Our Evolution as a Global Branded Food Company Announced Divestiture Business Transformation Acquisition Acquisition Acquisition Acquisition Acquisition Acquisition Long-term Pork Supply Agreement 2013 Today Fremont Plant Divestiture Divestiture Divestiture Acquisition Acqu
Slide 4: Legacy Segments
Legacy Segments Grocery Products Retail Refrigerated Foods Foodservice Jennie-O Turkey Store International International & Other MULTINATIONAL EXPORTS PARTNERSHIPS BUSINESSES 4
Slide 5: Six Strategic Priorities Aligning Our Businesses to Our Company
Six Strategic Priorities Protect & grow our core brands Keeping our brands relevant and strong Amplify scale in snacking & entertaining Combining the power of our brands to complement and expand our presence Enhance growth of our ethnic & Food Forward portfolios Evolving our portfolio to meet the ch
Slide 6: Leveraging Our Leading Consumer Brands and Scale in the Marketplace
Leveraging Our Leading Consumer Brands and Scale in the Marketplace Strategic Priorities Retail Segment 40+ #1 and #2 Brands* Protect & grow our core brands Amplify scale in snacking & entertaining Enhance growth of our ethnic & 64% Food Forward portfolios Expand leadership in foodservice Aggressive
Slide 7: Retail Segment Verticals
Retail Segment Verticals Better aligning our structure with our strategy Retail Vertical - Percentage of Total Retail Segment Net Sales Convenient Snacking Meals and Global Emerging Value-Added and Bacon Proteins Flavors Brands Meats Entertaining ~25% ~20% ~10% ~10% ~5% ~30% Source: Internal Data. 7
Slide 8: Delivering High-Quality, Innovative Culinary Solutions with an Operator-First Mentality
Delivering High-Quality, Innovative Culinary Solutions with an Operator-First Mentality Strategic Priorities Foodservice Segment Our Brands Protect & grow our core brands Amplify scale in snacking & entertaining 30% Enhance growth of our ethnic & Food Forward portfolios Expand leadership in foodserv
Slide 9: Combining Brands Across the Organization to Drive Accelerated Growth
Combining Brands Across the Organization to Drive Accelerated Growth Hormel Foods and Jennie-O Burke and Heritage Hormel Foodservice Premium Meats Health Labs 9
Slide 10: Accelerating International Growth Across Markets and Business Models
Accelerating International Growth Across Markets and Business Models Strategic Priorities International Channel Go-to-Market Strategies Protect & grow our core brands 6% EXPORTS MULTINATIONAL PARTNERSHIPS BUSINESSES Amplify scale in snacking & entertaining Enhance growth of our ethnic & Food Forward
Slide 11: Three Fully Empowered Segments Supported by Brand Fuel, One Supply Chain and Centers of Excellence
Three Fully Empowered Segments Supported by Brand Fuel, One Supply Chain and Centers of Excellence Strategic Priorities Protect & grow our core brands Amplify scale in snacking & entertaining Enhance growth of our ethnic & Food Forward portfolios Expand leadership in foodservice Aggressively develop
Slide 12: Additional Information
ADDITIONAL David Dahlstrom INFORMATION Director of Investor Relations dwdahlstrom@hormel.com 12