General Mills, Inc. · NYSE:GIS
General Mills — Investor Day (July 2015)
15 slides from General Mills's investor day presentation, Jul 14, 2015
Slide 1: General Mills Fiscal 2016 Growth Plans
General Mills Fiscal 2016 Growth Plans
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: Our Fiscal 2016 Growth Plans
Our Fiscal 2016 Growth Plans ' Ken Powell Chairman and CEO
Slide 4: A Long Legacy of Growth
A Long Legacy of Growth Diversified Consumer Products Ginger(ake General Mills Furnite ’ ~e: Packaged Foods Consumer Foods
Slide 5: Exceptional Growth in the Latest Decade
Exceptional Growth in the Latest Decade 2005 - 2015 International Expansion Net Sales* ($ in Billions, Including JV Share) Héagen-Dazs, $6.2 Haagen-Dazs A, AY 5) ¥} BSc Fs $725 Million Sales Added Yoki (Brazil) in China August 2012 2005 2015 = Proportionate JV Share = International Segment Strong In
Slide 6: Exceptional Growth in the Latest Decade
Exceptional Growth in the Latest Decade 2005 - 2015 Convenience Stores & Foodservice Segment Operating Profit Margin 6 Focus Platforms 18% Supply Chain ap ta . soe . i Syury Ly, Simplification aa yopliait= Chex 8% 2005 2015 Fiscal 2005 figure not restated for current classification.
Slide 7: Exceptional Growth in the Latest Decade
_ Exceptional Growth in the Latest Decade 2009 - 2019 _ U.S. Retail Portfolio Development [LARABAR U.S. Yogurt Natural & Organic Portfolio F15 Net Sales: $1.4 Billion F15 Proforma Net Sales: $675 MM Snacks F15 Net Sales: $2.1 Billion F15 Proforma includes 12 months of Annie's. 7990-7
Slide 8: Exceptional Growth in the Latest Decade
Exceptional Growth in the Latest Decade 2005 - 2015 Building Our Cereal Business Around the World U.S. Retail Convenience Stores Canada and & Foodservice CPW F15 Global Cereal Net Sales*: $3.7 Billion “Non-GAAP measure. Includes proportionate share of CPW revenues. See appendix for reconciliation.
Slide 9: Consistent Double-digit Returns to General Mills Shareholders
Consistent Double-digit Returns to General Mills Shareholders _ Years FOS5—FIS FOO —F15 FOS—F15 FIO—FI5 General Mills +11% +10% +]12% +13%
Slide 10: General Mills Long-term Growth Model
| General Mills Long-term Growth Model Saas Compound Growth Rate in Constant Currency* Net Sales Low Single Digit Segment Operating Profit Mid Single Digit Adjusted Diluted EPS High Single Digit + Dividend Yield 2-3% Total Return to Shareholders Double Digit *All measures are Non-GAAP.
Slide 11: Changing Food Interests = Opportunity
Changing Food Interests = Opportunity
Slide 12: Consumer First Growth Drivers in Fiscal 2015
Consumer First Growth Drivers in Fiscal 2015 RESTAURANTE jp 7990-12
Slide 13: Consumer First Growth Drivers in Fiscal 2016
Consumer First Growth Drivers in Fiscal 2016 den it yee: 4 ‘ ay MND nae? AND erick sence: Wh NDA
Slide 14: Three Key Growth Priorities for Fiscal 2016
| Three Key Growth Priorities for Fiscal 2016 | — _— ¢ Drive Core Business Growth ¢ Continue Shaping Portfolio for Growth ¢« Execute HMM and Restructuring Programs to Increase Efficiency and Fund Growth
Slide 15: Today Agenda
Today Agenda Opening Remarks Ken Powell U.S. Retail Growth Plans Jeff Harmening CS&F Growth Plans Bethany Quam Q&A Discussion International Growth Plans Chris O'Leary A Supply Chain Built for Growth John Church Financial Summary Don Mulligan Q&A Discussion