Tyson Foods, Inc. · NYSE:TSN
Tyson Foods — Q1 2020 Earnings Presentation
17 slides from Tyson Foods's earnings presentation, Feb 6, 2020
Slide 1: Q1 Fiscal 2020 Supplemental Information
— Q1 Fiscal 2020 Supplemental Information 1 February 6, 2020
Slide 2: Today's Speakers
Today’s Speakers Noel White Stewart Glendinning CEO EVP & CFO
Slide 3: Forward-Looking Statements
Certain information in this report constitutes forward-looking statements. Such forward-looking statements include, but are not limited to, current views and estimates of our outlook for fiscal 2020, other future economic circumstances, industry conditions in domestic and international markets, our
Slide 4: Our mission is to identify, incubate and implement sustainable protein solutions
Our mission is to work together to identify, incubate and implement new and creative solutions to sustainable protein to help feed the world’s growing population while benefitting, people, animals and the planet. 4 Tyson Foods, Inc. February 6, 2020
Slide 5: Raising the world's expectations for how much good food can do
Raising the world’s expectations for how much good food can do Grow Deliver Sustain Our business by delivering superior Fuel for growth and returns through Our company and our world for value to consumers and customers commercial, operational and financial future generations excellence WORKING DRAFT
Slide 6: Retail Volume Performance
Retail Volume Performance Core Business Lines & Total Tyson Retail Volume sales % change among top 10 branded food companies > $5B in sales 5.2% 3.4% 1.9% 0.9% 0.9% 0.1% Core Bus. Total Tyson -0.2% -0.4% Lines Total Food & -1.6% -1.6% Beverage -3.5% -3.6% Source: Nielsen Total U.S. xAOC Fixed Weight
Slide 7: Broadline Foodservice Volume Performance
Broadline Foodservice Volume Performance Tyson’s Focus 6 lines are growing at nearly 2x the rate of Total Broadline Volume % Change vs. 3.50% Prior Year (Latest 13 weeks) 1.60% Total Broadline Tyson Focus 6 Source: NPD SupplyTrack®, Month Ending November 2019. Excludes Commercial Large Chains and Op
Slide 8: Prepared Foods Segment Results
Prepared Foods Segment Results Adjusted Operating Income1 Q120 ($ in millions) Sales volume ↓3.1% Average price ↑2.7% Dollars ROS% FY20 Outlook Adjusted Operating Margin 1 Q120 $180 8.4% 10-12% 1Represents a non-GAAP financial measure. Adjusted operating income and adjusted operating margin are expl
Slide 9: Beef Segment Results
Beef Segment Results Adjusted Operating Income1 Q120 ($ in millions) Sales volume ↓8.0% Average price ↑5.8% Dollars ROS% FY20 Outlook Adjusted Operating Margin 1 Q120 $431 11.2% Upper end of 6.5-7.5%, absent additional impacts from African swine fever 1Represents a non-GAAP financial measure. Adjust
Slide 10: Pork Segment Results
Pork Segment Results Adjusted Operating Income1 Q120 ($ in millions) Sales volume ↑7.3% Average price ↑9.7% Dollars ROS% FY20 Outlook Adjusted Operating Margin 1 Q120 $193 14.0% 6-8%, absent additional impacts from African swine fever 1Represents a non-GAAP financial measure. Adjusted operating inco
Slide 11: Chicken Segment Results
Chicken Segment Results Adjusted Operating Income1 Q120 ($ in millions) Sales volume ↑4.5% Average price ↑1.2% Dollars ROS% FY20 Outlook Adjusted Operating Margin 1 Q120 $78 2.4% 4-6%, absent additional impacts from African swine fever 1Represents a non-GAAP financial measure. Adjusted operating inc
Slide 12: Global protein consumption is growing
Global protein consumption is growing. It’s estimated that nearly 98% of global protein consumption growth will occur outside the U.S. As the population continues to grow, Tyson Foods will grow with it. 70% of the volume growth will come from Asia. Source: Euromonitor International from national sta
Slide 13: Q120 Highlights
Q120 Highlights ($ in millions, except per share data) Q120 Sales $10,815 • Adjusted EPS1 up 5% Adjusted Operating Income1 $894 Adjusted Operating Margin1 8.3% • Adjusted operating income1 up 6% Adjusted EPS1 $1.66 • Volume up 4.7% Adjusted Operating Income1 ($ in millions) • Avg. sales price up 1.4
Slide 14: Raising the world's expectations for how much good food can do
Raising the world’s expectations for how much good food can do Grow Deliver Sustain Our business by delivering superior Fuel for growth and returns through Our company and our world for value to consumers and customers commercial, operational and financial future generations excellence WORKING DRAFT
Slide 15: Appendix
Appendix
Slide 16: EPS Reconciliations
EPS Reconciliations $ in millions, except per share data (Unaudited) First Quarter Pretax Impact EPS Impact 2020 2019 2020 2019 Reported net income per share attributable to Tyson $1.52 $1.50 Add: Restructuring and related charges $ 52 $ 8 0.11 0.02 Add: Beef production facility fire costs, net of i
Slide 17: Segment Operating Income & Operating Margin Reconciliations
Segment Operating Income & Operating Margin Reconciliations $ In millions, except per share data (Unaudited) Adjusted Segm ent Operating Incom e (Loss) (for the first quarter ended December 28, 2019) Prepared International/ Intersegm ent Beef Pork C hick en F oods Other Sales Total Sales $ 3,838 $ 1