General Mills, Inc. · NYSE:GIS
General Mills — Investor Day (July 2016)
7 slides from General Mills's investor day presentation, Jul 13, 2016
Slide 1: Reconciliation of Fiscal 2016 Total Segment Operating Profit
Reconciliation of Fiscal 2016 Total Segment Operating Profit ($ in Millions) 2016 U.S. Retail $2,179 International 442 Convenience Stores & Foodservice 379 Total Segment Operating Profit $3,000 Unallocated Corporate Items 289 (Gain) Loss on Divestitures, Net (148) Restructuring, Impairment, and Othe
Slide 2: Reconciliation of Adjusted Operating Profit Margin
Reconciliation of Adjusted Operating Profit Margin (Fiscal Years, % of Net Sales) 2016 2015 Operating Profit Margin as Reported 16.3% 11.8% Mark-to-market Effects (0.4) 0.5 Divestitures (gain) (0.9) -- Acquisition Integration Costs -- 0.1 Restructuring Costs 1.4 1.9 Project-related Costs 0.4 0.1 Int
Slide 3: Reconciliation of Fiscal 2016 Adjusted Diluted EPS
Reconciliation of Fiscal 2016 Adjusted Diluted EPS 2016 Diluted EPS $2.77 Mark-to-market Effects (0.07) Divestitures (gain) (0.10) Restructuring Costs 0.26 Project-related Costs 0.06 Adjusted Diluted EPS $2.92 See reconciliation of tax rate excluding items for tax impact on adjusted diluted EPS. 113
Slide 4: Reconciliation of Free Cash Flow and Free Cash Flow Conversion
Reconciliation of Free Cash Flow and Free Cash Flow Conversion (Fiscal Years, $ in Millions) 2016 2015 2014 2013 2012 2011 2010 Net Earnings, Including Earnings Attributable to Redeemable and Noncontrolling Interests $1,737 $1,259 $1,861 $1,893 $1,589 $1,804 $1,535 Mark-to-market, Net of Tax* (40) 5
Slide 5: Cash Return to Shareholders
Cash Return to Shareholders (Fiscal Years, $ in Millions) 2016 2015 2014 2013 2012 2011 2010 Dividends Paid $1,072 $1,018 $983 $868 $800 $729 $644 Purchases of Common Stock for Treasury $607 $1,162 $1,745 $1,045 $313 $1,164 $692 Proceeds from Common Stock Issued on Exercised Options $(172) $(164) $(
Slide 6: Reconciliation of Fiscal 2016 Adjusted Gross Margin
Reconciliation of Fiscal 2016 Adjusted Gross Margin ($ in Millions) 2016 % of $ Net Sales Net Sales $16,563 Gross Margin as Reported $5,830 35.2% Mark-to-market Effects (63) Restructuring Costs 78 Project-related Costs 58 Adjusted Gross Margin $5,903 35.6% 116
Slide 7: Reconciliation of Tax Rate Excluding Items
Reconciliation of Tax Rate Excluding Items (Fiscal Years, $ in Millions) 2016 2015 2014 2013 2012 2011 2010 Pre-tax Income Pre-tax Income Pre-tax Income Pre-tax Income Pre-tax Income Pre-tax Income Pre-tax Income Earnings* Taxes Earnings* Taxes Earnings* Taxes Earnings* Taxes Earnings* Taxes Earning