General Mills, Inc. · NYSE:GIS
General Mills — Investor Day (July 2015)
14 slides from General Mills's investor day presentation, Jul 14, 2015
Slide 1: A Supply Chain Built for Growth
A Supply Chain Built for Growth John Church Executive Vice President - Supply Chain
Slide 2: Global Supply Chain Strategy
Global Supply Chain Strategy Total Employee — Engagement Grow Our Business
Slide 3: Holistic Margin Management (HMM)
Holistic Margin Management (HMM) COGs HMM (Fiscal Years, $ in Millions) $4,000 coGs Mix Productivity Management $2,425 Admin - Processes Pricing \ y Consumer & \ Trade Programs \, 2010-2015 2016 Plan Cumulative Cumulative 2010-2020 Savings Savings Goal
Slide 4: HMM Has Helped Maintain Gross Margin
HMM Has Helped Maintain Gross Margin (Adjusted Gross Margin*, % of Net Sales) Yoplait Int'l Yoki 5 =f Annie's 39.7% 39.4% | | Le) 35.3% 36.4% 36.9% 36.2% 35 4% 34.7% FOS FO9 F10 F1l F12 F13 F14 FI5 * Non-GAAP measure. See appendix for reconciliation.
Slide 5: HMM Initiatives in 2016
HMM Initiatives in 2016 U.S. Retail
Slide 6: Beyond HMM — Project Century
Beyond HMM —- Project Century ¢ North America Supply Chain Asset Optimization Project * Objectives: ¢ Streamline & Simplify Network ¢ Position Supply Chain for Future Growth ¢ $100 Million Annual Savings by F17 * $30-35 Million Savings Target for F16
Slide 7: A Network For Tomorrow's Growth
A Network For Tomorrow s Growth , a F Bev ae ae = Ray g + , e | ss | es 4 . a vi _ { \e ois EP IL = = Relocating production to newer, more flexible equipment
Slide 8: A Network For Tomorrow's Growth
y a [BS ae A Ne h\ 1 way] Jr fH V / W474) ft) VVC )»} 1 ‘oy Grn 197 L 14 JVE€Iwork FOr Lomorrow SF Ur%rowln Pre-Century Fewer miles, Fresher product
Slide 9: A Network For Tomorrow's Growth
A Network For Tomorrow 's Growth Improved Utilization Rates Refrigerated Baked Goods Pre-Century Post-Century
Slide 10: Fiscal 2016 Cost Savings
Fiscal 2016 Cost Savings ¢ Project Century $430+ Million * Ongoing HMM « Assess Opportunity for Further Actions
Slide 11: Capabilities Support Our Future Growth
Capabilities Support Our Future Growth Organic Food Production CERTIFIED ORGANIC * Sourcing ¢ Preserving Ingredient Integrity Star Pasta * Expanding Distribution Rcricken coup eg e ¢ Entering Additional Product Categories
Slide 12: Capabilities Support Our Future Growth
Capabilities Support Our Future Growth GENERAL MILLS Convenience & Foodservice ~sfE0s| Generating Customer Savings
Slide 13: Capabilities Support Our Future Growth
_ Capabilities Support Our Future Growth Ensuring Reliable, High Quality Milk Supply for Yoplait China ¢ Global Dairy Expertise * Sodiaal ¢ Proprietary Milk Source ¢ World Class Quality Practices * State of the Art Production
Slide 14: A Supply Chain Built for Growth
A Supply Chain Built for Growth * General Mills Global Supply Chain Culture is Strong * Our HMM Business Model Will Continue to Generate Significant Productivity * Project Century Will Yield $100 Million+ of Cost Savings and Ongoing Business Benefits * We're Building New Capabilities fo Support Futu