General Mills, Inc. · NYSE:GIS
General Mills — Investor Day (July 2015)
18 slides from General Mills's investor day presentation, Jul 14, 2015
Slide 1: Bethany Quam
Bethany Quam Vice President; President, Convenience Stores and Foodservice
Slide 2: A Large Market Opportunity
A Large Market Opportunity U.S. Food and Beverage Expenditures (Calendar 2015 Estimate) $1.4 Trillion ee a a — = ae 7990-52
Slide 3: Focused on Serving Solutions Everywhere
———— Focused on Serving Solutions Everywhere Healthcare Convenience Stores Channel Growth 2016 Est. 2015 Nominal Est. Sales Growth 4 ($ in Billions) d Total Foodservice $685 4% Healthcare $26 5% K-12 Schools $19 2% : Colleges & Universities $16 3% Convenience Stores $53 4% Colleges & Foodservice Uni
Slide 4: Convenience Stores & Foodservice Net Sales Performance
Convenience Stores & Foodservice Net Sales Performance ($ in Millions) Be $1,841 $1,741 FO? F10 Fll F12 F13. F14 FS 2,010 $1,984 s $1,983 $1,959 $1,919 $1,995 4 FO8 q
Slide 5: Convenience Stores & Foodservice Segment Operating Profit
Convenience Stores & Foodservice Segment Operating Profit ($ in Millions) CGR=+11% | $353 $306 $315 $307 $287 $263 I | FO9 F10 F11 F12 F13 F14 FI5 8.9% 15.1% 16.6% 14.5% 16.1% 16.0% 17.7% 7990-55
Slide 6: Our Six Focus Platforms
Our Six Focus Platforms A Branded Portfolio (% of F15 Net Sales) 13% Unbranded) ¢ Half of Segment Net Sales * 70% of Segment Operating Profit
Slide 7: Net Sales Performance
Net Sales Performance ($ in Millions, % Change vs. LY) CGR = +5% Six Focus Platforms +9% F10 Fll F12 F13. F14 F15
Slide 8: Frozen Breakfast in K-12 Schools
Frozen Breakfast in K-12 Schools Net Sales CGR = +58% nm F10
Slide 9: Expanding to K-12 Lunch
Expanding to K- K-1 2 Lunch’ [o:DELPaso) ) DITA. (orDELPaso FOLD 'N GO” ] FOLD 'N GO™ GORDITA | GORDITA Chipotle icken Zesty Source: : USDA 2014 7990-59
Slide 10: Cereal is Growing
Cereal is Growing * FI5 Net Sales +5% ¢ Leader in K-12 Schools and Colleges & Universities ¢« Expanding Presence in Healthcare
Slide 11: Leverage 2016 Cereal News
Leverage 2016 Cereal News Gluten Free Color and Flavor Granola Renovation 7990-61
Slide 12: Serving Snacking Solutions Everywhere
Serving Snacking Solutions Everywhere the 5) SCh®ol Day ! > just got S Healthier United States Department of Agriculture K-12 Schools Be aye a annie; 00 [esa] ® Cheddar Bunnies LARABAR Natural & Organic Snacks — a = = ene ars a aa 7990-62
Slide 13: Snacks Growing in Convenience Stores
_ Snacks Growing i1 in Convenience Stores —__—— = — — —— Net Sales in Convenience Stores = ii CGR = +8%
Slide 14: Convenience Stores Bakery
Convenience Stores Bakery 7990-64
Slide 15: Net Sales
Net Sales I . 312 FI4 SmoothiePro \ 4 CGR=+12% F12 7990-65
Slide 16: Expanding Go-GURT in McDonald's
Expanding Go-GURT 200 Million Go-GURT Tubes Sold in McDonald's in Last 12 Months
Slide 17: Strong Execution Capabilities
Strong Execution Capabilities ¢ National, Direct Salesforce ¢* Consumer and Operator Insights ¢ Innovative Solutions
Slide 18: Today's CS&F Summary
Today's CS&F Summary ¢ Record Profit Year in Fiscal 2015 * Reshaping Portfolio has Driven Strong Margin Expansion and Profit Growth ¢ Innovation Across Channels in 2016 * Expect Flat Net Sales and Margin Expansion As Reported in Fiscal 2016