Tyson Foods, Inc. · NYSE:TSN
Tyson Foods — Goldman Sachs Global Staples Forum 2016
12 slides from Tyson Foods's conference presentation, May 10, 2016
Slide 1: Goldman Sachs Global Staples Forum
Goldman Sachs Global Staples Forum May 10, 2016 1
Slide 2: Andy Callahan and Dennis Leatherby
Andy Callahan Dennis Leatherby President, Executive Vice President Retail Packaged Brands & Chief Financial Officer 2
Slide 3: Iconic Brands: Tyson, Jimmy Dean, Hillshire Farm
ICONIC BRANDS Tyson®, Jimmy Dean®, Hillshire Farm® – Billion $ Brands 3
Slide 4: Core 9 Drives Retail Packaged Growth
L E A D I N G B R A N D S I N G R O W T H C AT E G O R I E S Core 9 Drives Retail Packaged Growth 1 Frozen Prepared Chicken 1 Hot Dogs 1 Branded Stack Pack Bacon 1 Frozen Breakfast Sandwiches 1 Breakfast Sausage 1 Smoked Sausage 2 Branded Lunchmeat 1 Corn Dogs 1 Super Premium Sausage 4
Slide 5: Today's Takeaways
D I F F E R E N T T O D AY. D I F F E R E N T T O M O R R O W. Today’s Takeaways Differentiated Capabilities Position Tyson for Growth Supply Demand Today Tomorrow Expertise at scale that Deep insight that is Continuous innovation Committed to global enables Tyson Foods translated into growth market
Slide 6: Q2'16 Operating Results
SETTING RECORDS. Q2’16 Operating Results Record Q2 Operating Income Record Q2 Return on Sales • Record Q2 Chicken Segment Margin at 12.7% • Record Q2 Pork Segment Margin at 10.9% YOY Growth ($ in millions) Q2’16 Q2’15 % Sales $ 9,170 $ 9,979 (8)% Adj. Oper. Income* $ 704 $ 553 27% ROS* 7.7% 5.5% Adj
Slide 7: More Growth Ahead: FY16 Outlook
MORE GROWTH AHEAD FY16 Outlook Adj. EPS $4.20-4.30 Sales Synergies ~$37B >$500mm Prepared Prepared Foods Chicken Pork Prepare Beef Foods 10-12% >12% ~10% d Foods 1.5-3.0% 7
Slide 8: Adjusted EPS Growth
GROWTH OVER TIME Adjusted EPS* Growth $4.20-4.30** Our goal is to deliver at least 10% annual EPS growth over time $3.15 $2.94 $2.26 $1.97 *Represents a non-GAAP financial measure. Adjusted EPS is explained and reconciled to a comparable GAAP measure in the Appendix. ** Projected EPS guidance as of
Slide 9: Appendix
Appendix
Slide 10: EPS Reconciliations
EPS Reconciliations in millions, except per share data Unaudited Second Quarter Pre-Tax Impact EPS Impact 2016 2015 2016 2015 Reported net income per share attributable to Tyson $ 1.10 $ 0.75 Less: Proceeds related to a legacy Hillshire Brands plant fire $ - $ (8) - (0.02) Add: Merger and integratio
Slide 11: Operating Income and Operating Margin Reconciliation
Operating Income and Operating Margin Reconciliation in millions Unaudited Second Quarter 2016 2015 Reported Sales $ 9,170 $ 9,979 Reported operating income 704 547 Add: Merger and integration costs - 14 Less: proceeds related to a legacy Hillshire Brands plant fire - (8) Adjusted operating income 7
Slide 12: EPS Reconciliations
EPS Reconciliations Unaudited 12 Months Ended October 3, 2015 September 27, 2014 September 28, 2013 September 29, 2012 EPS EPS EPS EPS Reported from Continuing Operations $ 2.95 $ 2.37 $ 2.31 $ 1.68 Less: Recognition of previously unrecognized tax benefit (0.06) (0.15) - - Insurance proceeds (net of
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