Hormel Foods Corporation · NYSE:HRL
Hormel Foods — Investor Day (June 2013)
16 slides from Hormel Foods's investor day presentation, Jun 25, 2013
Slide 1: Investor Day 2013
Investor Day 2013 (Horinel )
Slide 2: Legal Disclosure
Legal Disclosure This presentation contains forward-looking information based on management’s current views and assumptions. Actual events may differ materially. Please refer to the cautionary statement and risk factors on pages 33-38 in the Company’s Form 10-Q filed June 7, 2013. 2
Slide 3: Jeff Ettinger, Chairman, President & CEO
Jeff Ettinger Chairman, President & CEO
Slide 4: International Trip
International Trip 4
Slide 5: Hormel Foods: A Growth Story
Hormel Foods: A Growth Story 5
Slide 6: 10 Year Sales History
10 Year Sales History In billions $10.00 $8.00 $6.00 $4.00 $2.00 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Est. Based on internal 2013 sales estimate
Slide 7: 10 Year EPS History
10 Year EPS History $2.00 *CAGR based on 2013 EPS midpoint of guidance $1.50 range $1.88 to $1.96 $1.00 $0.50 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Est.
Slide 8: Keys to Growth
Keys to Growth • Balanced Model • Leading Brands • Innovation • Strategic Acquisitions • Experienced Team 8
Slide 9: Balanced Model
Balanced Model Protein Packaged Foods Retail Foodservice Deep Supply Chains Purchase in Pork and Turkey Everything Else Financially Conservative Innovative Culture 9
Slide 10: Our Balanced Model In Action
Our Balanced Model In Action Segment Operating Profit Grocery Refrigerated Jennie-O Specialty Products Turkey Store Foods International Foods FY 2008 5% 22% - 27% 14% 17% FY 2009 9% 7% 11% - 2% 2% FY 2010 - 4% 22% 65% 18% - 5% FY 2011 4% 6% 43% -5% 39% FY 2012 12% -22% 16% 8% 38% YTD 2Q 2013 12% 2%
Slide 11: Leading Brands
Leading Brands At least 34 products have #1 or #2 market share positions in their category • These categories span our Grocery Products, Meat Products and Jennie-O Turkey Store segments 11
Slide 12: Investments in Brand Strength
Investments in Brand Strength ® • Hormel Campaign ® • SPAM (U.S. and Abroad) ® • Jennie-O Turkey Store Campaign • “Make the Switch™” ® • Herdez • “Con Toda Confianza…Es Herdez” • Hormel® REV® • “For Those Who Are Hungry™” 12
Slide 13: Growth From Innovation
Growth From Innovation Innovation Challenges $3,500 In millions $3,000 $3,000 Success $2,500 $2,500 $2,000 $2,000 $1,500 $1,500 In progress $1,000 $1,000 $500 $500 $0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Specialty Refrigerated Jennie-O Hormel Foods Gro
Slide 14: Growth From Acquisitions
Growth From Acquisitions Jennie-O: Value-Added Turkey Grocery Products: Traditional 2001 2006 2013 Refrigerated Foods: Value-Added Protein Grocery Products: Mexican Provena Foods, Inc. 2004 2006 2006 2007 2005 2009 2010 2011 Refrigerated Foods: Convenience Meals Specialty Foods 2005 2010 2002 2003 2
Slide 15: Experienced Team
Experienced Team Steve Binder Jody Feragen Jim Splinter Steve Venenga Executive Vice President Executive Vice President Group Vice President, Vice President, and President, Hormel and Chief Financial Officer Grocery Products Meat Products Marketing Business Units Glenn Leitch Don Kremin Jim Snee Gro
Slide 16: Thank You!
Thank You! (Horinel )