Mondelez International, Inc. · NASDAQ:MDLZ
Mondelez International — Shareholder Meeting (April 2024)
18 slides from Mondelez International's shareholder meeting presentation, Apr 29, 2024
Slide 1: Shareholder engagement Spring 2024
Shareholder engagement Spring 2024
Slide 2: Reporting basis and cautionary notes on ESG information
Reported information against our quantitative ESG goals, unless otherwise stated, (i) covers the annual reporting period from January 1 to December 31 of the stated year, (ii) includes manufacturing facilities under our direct and indirect control, (iii) excludes acquisitions since 2018, and (iv) ex
Slide 3: Leading the Future of Snacking
Growth Mondelēz International Leading THE FUTURE OF SNACKING We are one of the world’s largest snack companies, with a strong portfolio of brands enjoyed globally Business Overview Revenue by Market and category2 Source: Euromonitor 2023. Market size numbers are approximations. Revenue breakdowns ar
Slide 4: Delivering Sustainable Long-Term Growth
Delivering Sustainable Long-Term Growth In spite of inflationary pressures and macro volatility in recent years, effective execution of our long-term strategy under our current leadership has led to strong, consistent results Total Shareholder Return Since 2018 strategy launch2 CAGR; at constant FX.
Slide 5: Building a more sustainable snacking company
Building a more sustainable snacking company Environmental Social Reducing environmental impact & SOURCING more SUSTAINABLY Empowering people & communities Aim for reducing and evolving packaging and improving systems to support our long-term vision of a more circular pack economy Help combat climat
Slide 6: Additional detail about our ESG goals and progress
Additional detail about our ESG goals and progress against our goals can be found in our 2023 Snacking Made Right report under “Our ESG Priorities” and “Our ESG Progress” on pages 10-11. Based on a mass balance approach, which means that the equivalent volume of cocoa needed for the products sold un
Slide 7: Proposal 1: Election of the eleven Director Nominees
�� Proposal 1: Election of the eleven Director Nominees 0-3 years 10 years and over 4-9 years 4YRS Average Tenure Balanced and refreshed Board enables strong oversight Our directors’ considerable leadership experience at global companies and relevant but differentiated backgrounds enable highly effe
Slide 8: Incentive compensation programs target stretch performance
Incentive compensation programs target stretch performance Based on our Strategic Progress Indicator (SPI) goals, which are categorized under Snack Leadership and ESG (comprised of Sustainability, Mindful Snacking, and Colleagues), each of which is weighted at 50% of the total. For additional detail
Slide 9: Robust Board Oversight of ESG risks and opportunities
Robust Board Oversight of ESG risks and opportunities People & Compensation Committee Oversees Human Capital Management and Diversity, Equity and Inclusion (DEI) Priorities Audit Committee Oversees Safety and Security and ESG-Related Disclosure Governance, Membership & Sustainability Committee Overs
Slide 10: Robust oversight of risks of affiliation with outside organizations
Robust oversight of risks of affiliation with outside organizations Robust Board Oversight and Risk Management Approach We have robust internal processes and controls for identification, assessment and mitigation of short-, medium- and long‑term risks; managing these processes is critical to our ope
Slide 11: Strong independent lead director with robust responsibilities
Strong independent lead director with robust responsibilities Independent Lead Director’s substantial authority and responsibilities protect shareholder interests by promoting strong management oversight and accountability Serves as a liaison between the independent directors and the Chair and CEO S
Slide 12: Proposal 7: Public Targets to Eradicate Child Labor in Cocoa Supply Chain
�� Proposal 7: Proposal to Adopt Public Targets to Eradicate Child Labor in Cocoa Supply Chain Our efforts to help address child labor In the cocoa supply chain Respecting Human Rights We endorse the principles of the ILO Conventions and follow the ILO-IOE Child Labor Guidance Tool for Business We i
Slide 13: Driving change at scale: Cocoa Life
Driving change at scale Cocoa life: our signature cocoa sustainability program driving change at scale through cocoa life We are deeply committed to tackling the root causes of systemic human rights challenges through Cocoa Life, our multi-faceted, signature cocoa sustainability program launched in
Slide 14: Proposal 8: Third-party report assessing human rights policy
Dedicated Human Rights Policy and annual Human Rights Due Diligence and Modern Slavery report provide detail on our policies and progress In 2023, conducted value chain human rights risk assessment to improve our understanding of potential risks Publish robust data on sustainability priorities, incl
Slide 15: We support Ukraine and have scaled down operations in Russia
We support Ukraine and have scaled down operations in Russia We have scaled down our activities in Russia and are making continued efforts to support Ukraine �� Proposal 8: proposal to conduct third-party report assessing effectiveness of human rights policy Continued efforts to support Ukraine We a
Slide 16: We request your continued support
We request your continued support The Board values the trust you place in us. We have carefully considered the four shareholder proposals and have met with the proponents to understand their perspectives. We encourage you to vote with us at the 2024 Annual Meeting Our compensation structure is close
Slide 17: GAAP to Non-GAAP Reconciliation: Net Revenues to Organic Net Revenue
For the Twelve Months Ended December 31, 2019 2020 2021 2022 2023 5 Year CAGR Reported (GAAP) $ 25,868 $ 26,581 $ 28,720 $ 31,496 $ 36,016 Divestitures (667) (482) (533) (498) (484) Acquisitions (88) (445) (254) (1,216) (1,036) Currency 1,114 630 (464) 1,882 1,096 Organic (Non-GAAP) $ 26,227 $ 26,28
Slide 18: Commitment to Building a more Sustainable Snacking Company
commitment to Building a more Sustainable Snacking Company Strong Financial Performance Robust Board Oversight and Governance Practices Impactful Sustainability Agenda Promoting Human Rights, Communities and Colleagues
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