Mondelez International, Inc. · NASDAQ:MDLZ
Mondelez International — Q1 2026 Earnings Presentation
34 slides from Mondelez International's earnings presentation, Apr 28, 2026
Slide 1: Introduction to Mondelēz International for Investors
INTRODUCTION TO MONDELĒZ INTERNATIONAL FOR INVESTORS
Slide 2: Forward-Looking Statements; Non-GAAP Financial Measures
FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements. All statements other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws. Words, and variations of words, such as “will,” “may,” “expect,” “would,” “cou
Slide 3: Delivering to Growth Today, Positioned for More Tomorrow
DELIVERINGTO INTRODUCTION GROWTH TODAY, MONDELĒZ POSITIONEDFOR INTERNATIONAL FORINVESTORS MORE TOMORROW 1 Snacking leader with clear competitive advantages 2 Strategy progress & long-term algorithm 3 Capital allocation priorities 3
Slide 4: Leader in Attractive and Resilient Categories
LEADER IN ATTRACTIVE AND RESILIENT CATEGORIES Strong Positions in our Core Snacks Core Snacks Categories Categories, Significant Headroom growing ahead of other Snacks and Food MDLZ Global Position & Share1 Market Size1 Growth of MDLZ Core Snacks2 Categories vs. Other Snacks #1 Biscuits 17.4% Sweet
Slide 5: Clear Leader in Global Biscuit Category
CLEAR LEADER IN GLOBAL BISCUIT CATEGORY Global Top 10 global biscuits manufacturers Market Share $125B RSV category 20% 18% 16% 14% 12% 10% 8% 6% 4% 2% 0% L5Y CAGR RSV growth +7.6% +7.1% +10.0% +12.0% +5.0% +9.0% +8.8% +8.2% +9.4% +11.3% L5Y cumul. share Δ +0.1pp -0.1pp +0.3pp +0.4pp -0.3pp +0.1pp +
Slide 6: On Track to Reach #1 Position in Attractive & Resilient Category
ON TRACK TO REACH #1 POSITION IN ATTRACTIVE & RESILIENT CATEGORY Global Top 10 global chocolate manufacturers Market Share $134B RSV category 16% 14% 12% 10% 8% 6% 4% 2% 0% L5Y CAGR RSV growth +5.9% +8.1% +6.4% +9.3% +6.4% +4.9% +19.4% +7.1% +8.8% +6.3% L5Y cumul. share Δ -0.7pp +0.6pp -0.3pp +0.9pp
Slide 7: Consumers Continue to Prefer Snacking Habits
CONSUMERS CONTINUE TO PREFER SNACKING HABITS It’s growing It’s durable It’s prioritized It’s mindful 91% 71% 81% 69% of consumers will continue snacking snack to find quiet look for snacks that are snack daily1 through price and moments to themselves1 portion controlled1 pack changes1 73% 74% +9% of
Slide 8: Very Strong Positions and Best Portfolio to Win
VERY STRONG POSITIONS AND BEST PORTFOLIO TO WIN Iconic Biscuits, Protein/Energy $1B+ Snack Bars Brands1 Biscuits, Cakes & Pastries Chocolate Leading “Taste Biscuits #1 in Key Snacks of Nation” Markets1 Local Chocolate Jewels 1. Euromonitor 2024 8
Slide 9: Advantaged Geographic Footprint Enabling Growth Potential
ADVANTAGED GEOGRAPHIC FOOTPRINT ENABLING GROWTH POTENTIAL Emerging Markets Growing Double Digits Strong Growth Across All Regions Europe Org. Net Revenue Emerging L5Y CAGR: Markets +7.1% AMEA Org. Net Revenue 37% L5Y CAGR: Org. Net Revenue 39% L5Y CAGR: +12.3% 20% +7.8% 2024 Net 2024 Net Revenues Re
Slide 10: Continued Progress on Sustainability Goals
CONTINUED PROGRESS ON SUSTAINABILITY GOALS Lead Where We Drive Change Where the Matter Most World Needs it Most Ingredients Social Climate Packaging Cocoa & Wheat Human Rights CO2 Emissions Waste 10
Slide 11: Continued Progress Against Our Sustainability Objectives
CONTINUED PROGRESS AGAINST OUR SUSTAINABILITY OBJECTIVES 2024 Progress1 2025 Goals1 Ingredients • Cocoa volume for Chocolate sourced via Cocoa Life2 ~91% 100% • Palm Oil volume RSPO certification ~100% 100% Social • Child Labor Monitoring & Remediation Systems (CLMRS) in Cocoa Life communities in We
Slide 12: Competitive Advantages Provide Confidence in Long-Term Algorithm
COMPETITIVE ADVANTAGES PROVIDE CONFIDENCE IN LONG-TERM ALGORITHM Competitive Advantages Algorithm Reflects Strategy Effectiveness 3-5% Organic Net Revenue Growth Categories Footprint Brands HSD Adj. EPS Growth (cst fx) Capabilities Culture $3B+ Free Cash Flow 12
Slide 13: Delivering to Growth Today, Positioned for More Tomorrow
DELIVERINGTO INTRODUCTION GROWTH TODAY, MONDELĒZ POSITIONEDFOR INTERNATIONAL FORINVESTORS MORE TOMORROW 1 Snacking leader with clear competitive advantages 2 Strategy progress & long-term algorithm 3 Capital allocation priorities 13
Slide 14: Successful Repositioning of the Business Has Driven Growth
SUCCESSFUL REPOSITIONING OF THE BUSINESS HAS DRIVEN GROWTH From To Cost reduction, Volume-driven profitable growth Financial Focus percentage margins funding reinvestment Power Brands across chocolate, Chocolate & biscuits focus, Brands & Portfolio biscuits, gum, candy, cheese leveraging M&A Central
Slide 15: Consistent Delivery on Long-Term Algorithm Across All Metrics
CONSISTENT DELIVERY ON LONG-TERM ALGORITHM ACROSS ALL METRICS Key Performance Metric 2020-20241 Volume Growth2 +1.6% Organic Net Revenue Growth +8.1% Adjusted Gross Profit Growth3 +8.7% A&C Change in Spend3 +11.0% Adjusted EPS Growth3 +12.8% Free Cash Flow $3.3B4 1. 5-Year CAGR 2. Volume growth is d
Slide 16: Continued Advancement in Our Evolution
CONTINUED ADVANCEMENT IN OUR EVOLUTION 2022+ Acceleration & Focus 2018-21 Growth 2014-17 2012-13 Cost reduction Launch 16
Slide 17: Evolving Our Strategy & Enhancing Our Long-Term Algorithm
EVOLVING OUR STRATEGY & ENHANCING OUR LONG-TERM ALGORITHM GROWTH EXECUTION CULTURE SUSTAINABILITY Accelerate Drive Build a Scale consumer- operational winning growth sustainable centric growth excellence culture snacking 17
Slide 18: Key Opportunities to Achieve an Enhanced Long-Term Algorithm
KEY OPPORTUNITIES TO ACHIEVE AN ENHANCED LONG-TERM ALGORITHM 1 2 3 4 Accelerating & Increasing presence Expanding increasing focus on Filling geographic in under-represented presence in high the core of white spaces segments & price growth channels chocolate & biscuits tiers Sustain & accelerate LT
Slide 19: Reshaping Portfolio Towards Core Categories
RESHAPING PORTFOLIO TOWARDS CORE CATEGORIES Net Revenues by Category Core Categories ~90% Core Categories Vision 80% Biscuits & Baked Snacks, Chocolate Organic Growth Core Categories 2024 Other 59% ~10% Rate Other 2012 20% Other 41% Execution of Four Pillar Strategy 19
Slide 20: We Are Confident in Delivering Sustainable Earnings Growth
WE ARE CONFIDENT IN DELIVERING SUSTAINABLE EARNINGS GROWTH Sustainable growth model Desired outcomes Deliver strong TSR • Strong resilient, categories Drive Value- operational • Share gains enhancing capital efficiency & productivity • Strong reinvestment and flow through allocation to OI/EPS • Targ
Slide 21: Delivering to Growth Today, Positioned for More Tomorrow
DELIVERINGTO INTRODUCTION GROWTH TODAY, MONDELĒZ POSITIONEDFOR INTERNATIONAL FORINVESTORS MORE TOMORROW 1 Snacking leader with clear competitive advantages 2 Strategy progress & long-term algorithm 3 Capital allocation priorities 21
Slide 22: Capital Allocation Priorities Support Growth Algorithm
CAPITAL ALLOCATION PRIORITIES SUPPORT GROWTH ALGORITHM Invest to drive M&A Shareholder Return Maintain strong top-tier growth balance sheet • Advertising Consumer • High-growth platforms & • Target dividend growth • Maintain solid IG rating & capabilities > Adj. EPS growth tier 2 CP access • Digital
Slide 23: Driving Value Through $3B+ in Targeted Bolt-On Acquisitions
DRIVING VALUE THROUGH $3B+ IN TARGETED BOLT-ON ACQUISITIONS Our M&A Playbook Executing Playbook Acquire right opportunities >$3.1B Realize value through 10 annual net revenue +HSD Acquisitions added annual strong integration completed since growth rate 2018 Accelerate growth Gum DM1 $1.4B in Divest
Slide 24: Targeted Acquisitions Strengthen Portfolio & Fill Key Gaps
TARGETED ACQUISITIONS STRENGTHEN PORTFOLIO & FILL KEY GAPS Strategic Growth Driver Acquisition Well-Being Premium Core White Space1 Adjacent Category Cakes 2024 & Pastries MEX Choc & Candy Protein / 2022 Energy Bars Cakes & Pastries ANZ Crackers 2021 Protein / Energy Bars US 2020 Chocolate Cakes & P
Slide 25: Significant Return of Capital to Shareholders
SIGNIFICANT RETURN OF CAPITAL TO SHAREHOLDERS Double-Digit Opportunistic Share Cumulative Dividend Growth Repurchase Capital Return CAGR past 5 years Reduction in share count1 2018-2024 10.5% 15% $25.8B +DD increase ~$13B returned Returned over 9 of past 10 years since 2018 7 years 1. Percentage bas
Slide 26: Positioned for Continued Acceleration & Value Creation
IN SUMMARY POSITIONED FOR CONTINUED ACCELERATION & VALUE CREATION Proven track record of results Strong, growing & durable portfolio Superior brands & advantaged footprint Investing in brands, capabilities & talent Portfolio reshaping / M&A firepower 26
Slide 27: Mondelēz International Snacking Made Right
Mondeleéz, International SNACKING MADE RIGHT
Slide 28: GAAP to Non-GAAP Reconciliations
GAAP TO NON-GAAP RECONCILIATIONS Net Revenues to Organic Net Revenue (in millions of U.S. dollars) (Unaudited) Mondelēz International Developed Markets Emerging Markets 2024 2024 5 Year 5 Year For the Twelve Months Ended December 31, 2020 2021 2022 2023 2024 CAGR 2020 2021 2022 2023 2024 CAGR Report
Slide 29: GAAP to Non-GAAP Reconciliations
GAAP TO NON-GAAP RECONCILIATIONS Net Revenues to Organic Net Revenue (in millions of U.S. dollars) (Unaudited) Latin America AMEA 2024 2024 5 Year 5 Year For the Twelve Months Ended December 31, 2020 2021 2022 2023 2024 CAGR 2020 2021 2022 2023 2024 CAGR Reported (GAAP) $ 2,477 $ 2,797 $ 3,629 $ 5,0
Slide 30: GAAP to Non-GAAP Reconciliations
GAAP TO NON-GAAP RECONCILIATIONS Net Revenues to Organic Net Revenue (in millions of U.S. dollars) (Unaudited) Mondelēz International 2024 5 Year For the Twelve Months Ended December 31, 2020 2021 2022 2023 2024 CAGR Reported (GAAP) $ 26,581 $ 28,720 $ 31,496 $ 36,016 $ 36,441 Divestitures (482) (53
Slide 31: GAAP to Non-GAAP Reconciliations
GAAP TO NON-GAAP RECONCILIATIONS Gross Profit To Adjusted Gross Profit (in millions of U.S. dollars) (Unaudited) Mondelēz International 2024 5 Year For the Twelve Months Ended December 31, 2020 2021 2022 2023 2024 CAGR Reported (GAAP) $ 10,446 $ 11,254 $ 11,312 $ 13,764 $ 14,257 Simplify to Grow Pro
Slide 32: GAAP to Non-GAAP Reconciliations
GAAP TO NON-GAAP RECONCILIATIONS Advertising and Consumer Promotions To Adjusted Advertising and Consumer Promotions (in millions of U.S. dollars) (Unaudited) Mondelēz International 2024 5 Year For the Twelve Months Ended December 31, 2020 2021 2022 2023 2024 CAGR Reported (GAAP) $ 2,236 $ 2,483 $ 2
Slide 33: GAAP to Non-GAAP Reconciliations
GAAP TO NON-GAAP RECONCILIATIONS Diluted EPS to Adjusted EPS (Unaudited) Mondelēz International 2024 5 Year For the Twelve Months Ended December 31, 2020 2021 2022 2023 2024 CAGR Diluted EPS attributable to Mondelēz International (GAAP) $ 2.47 $ 3.04 $ 1.96 $ 3.62 $ 3.42 Simplify to Grow Program 0.2
Slide 34: GAAP to Non-GAAP Reconciliations
GAAP TO NON-GAAP RECONCILIATIONS Net Cash Provided by Operating Activities to Free Cash Flow (Unaudited) Mondelēz International For the Twelve Months Ended December 31, 2020 2021 2022 2023 2024 Net Cash Provided by Operating Activities (GAAP) $ 3,964 $ 4,141 $ 3,908 $ 4,714 $ 4,910 Capital Expenditu
Mondelez International — Q1 2026 Earnings Presentation on 6ix