General Mills, Inc. · NYSE:GIS
General Mills — Investor Day (July 2016)
16 slides from General Mills's investor day presentation, Jul 13, 2016
Slide 1: General Mills Investor Day 2016
General Mills Investor Day 2016 July 13, 2016
Slide 2: A Reminder on Forward-looking Statements
A Reminder on Forward-looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on management’s current expectations and assumptions. These forward-looking statements are subject to certain risks
Slide 3: Video: 150 Years in 50 Seconds
Video: 150 Years in 50 Seconds 3
Slide 4: Ken Powell
Ken Powell Chairman and Chief Executive Officer
Slide 5: 150 Years of Growth
150 Years of Growth 1866 2016 5
Slide 6: General Mills Strategic Framework
General Mills Strategic Framework 6
Slide 7: Changing Consumer Trends are an Opportunity for Growth
Changing Consumer Trends are an Opportunity for Growth Real Food Millennials Snacking Emerging Markets • Fresh, Whole • Big, Influential • 20+ Year Trend • Expanding Middle (Minimally Class Processed) • Ethnically Diverse • Snack Foods Growing at All Occasions • Seeking Quality and • Recognizable •
Slide 8: Focused on Five Global Platforms
Focused on Five Global Platforms Baking Products, RTE Cereal Dough, Vegetables, $3.6 Billion Other 20% Fiscal 2016 Worldwide Net Sales*: $17.6 Billion Super-premium 5% Ice Cream 19% $0.9 Billion Snacks $3.3 Billion 16% Convenient 16% Meals $2.8 Billion Yogurt $2.8 Billion * Non-GAAP measure. Include
Slide 9: Global Platforms are Large and Expected to Grow
Global Platforms are Large and Expected to Grow Projected Global Category 2015 Retail Sales 5-Yr. CGR RTE Cereal $25 Billion +2% Ice Cream $68 Billion +5% Yogurt $84 Billion +6% Convenient Meals $92 Billion +3% Sweet & Savory Snacks $290 Billion +4% Source: Euromonitor, Calendar 2015 9
Slide 10: Portfolio Segmentation
Portfolio Segmentation F16 Net Sales = $16.6 Billion “Growth” “Foundation” F17 Organic Growth = +LSD F17 Organic Growth = -MSD U.S. Retail U.S. Retail Cereal Progresso Soup Snack Bars Pillsbury Ref. Dough Natural & Organic Betty Crocker Desserts Totino’s Others Old El Paso Yogurt 75% 25% Convenience
Slide 11: Driving More from the Core in 2017
Driving More from the Core in 2017 11
Slide 12: Funding our Future in 2017
Funding our Future in 2017 Ongoing Holistic Incremental Cost Further Margin Margin Management Savings Projects Expansion Efforts Project Century • Optimizing Trade & Consumer Investments COGS Mix Productivity Management • SKU Optimization Projects Catalyst and HMM Compass • Additional Supply Admin P
Slide 13: Reshaping Our Portfolio in 2017
Reshaping Our Portfolio in 2017 Category Expansion Acquisitions Investments 13
Slide 14: Building an Advantaged & Agile Organization in 2017
Building an Advantaged & Agile Organization in 2017 Consumer First E-Commerce Net Revenue Management 14
Slide 15: Our Fiscal 2017 Targets
Our Fiscal 2017 Targets F16 Base F17 Growth $16.6 Billion Net Sales -2% to Flat¹ $3.0 Billion Total Segment +6 to 8%² Operating Profit* 16.8% Adjusted Operating +150bps Profit Margin* $2.92 Adjusted Diluted EPS* +6 to 8%² ¹ Organic growth rate. Non-GAAP measure. * Non-GAAP measure. See appendix for
Slide 16: Today's Agenda
Today’s Agenda Opening Remarks Ken Powell U.S. Retail Plans Jeff Harmening Sales Capabilities Shawn O’Grady Q&A Discussion International Plans Chris O’Leary Convenience Stores & Foodservice Plans Bethany Quam Financial Summary Don Mulligan Q&A Discussion 16