General Mills, Inc. · NYSE:GIS
General Mills — Investor Day (July 2016)
13 slides from General Mills's investor day presentation, Jul 13, 2016
Slide 1: Bethany Quam, VP, President – Convenience Stores & Foodservice
Bethany Quam VP, President – Convenience Stores & Foodservice
Slide 2: A Large Market Opportunity
Convenience Stores & Foodservice A Large Market Opportunity U.S. Food and Beverage Expenditures Channel Growth 2016 Est. 2015 Nominal Est. Sales Growth ($ in Billions) Total Foodservice $707 5% 49% 51% At-home Away-from- Healthcare $26 5% home K-12 Schools $21 2% Colleges & Universities $16 3% Conve
Slide 3: Business Transformation Journey
Convenience Stores & Foodservice Business Transformation Journey SKU Count • Significant Restructuring -72% • Exited Custom Businesses F05 F16 • Added Direct Sales Force Dedicated CS&F Plants 13 • Prioritized Focus 6 Platforms 3 F05 F16 88
Slide 4: Segment Operating Profit Growth
Convenience Stores & Foodservice Segment Operating Profit Growth ($ in Millions) CGR= +11% +7% $379 $353 $306 $315 $307 $287 $263 $170 $178 F08 F09 F10 F11 F12 F13 F14 F15 F16 Operating Profit Margin: 8.6% 8.9% 15.1% 16.6% 14.5% 16.1% 16.0% 17.7% 19.7% 89
Slide 5: Focus Six Platforms Driving Segment Performance
Focus Six Platforms Driving Segment Performance Share Rank Total Foodservice Cereal Yogurt Snacks Cereal #1 Yogurt #1 Biscuits #1 Mixes #2-3 Frozen Baking Meals Mixes Biscuits K-12 Frozen Meals #1 Convenience Stores Snacks #2 Sources: Total US NPD SupplyTrack®, Nielsen AOD Foodservice pound share 12
Slide 6: Segment Net Sales Performance
Convenience Stores & Foodservice Segment Net Sales Performance ($ in Millions) Total Segment CGR = +2% $1,983 $1,959 $1,995 $1,924 $1,841 $1,919 $1,741 Focus 6 CGR = +5% F10 F11 F12 F13 F14 F15 F16 Focus Six Platforms Other Businesses 91
Slide 7: Advantaged Business Model
Convenience Stores & Foodservice Advantaged Business Model Create Leverage Innovate Demand General Mills Operator First with Direct Investment Sales 1,500 School Bids NO SLICING. 14 MILLION NO SPREADING. BREAKFASTS NO MESS. 92
Slide 8: Fiscal 2017 News: Frozen Breakfast in K-12 Schools
Fiscal 2017 News: Frozen Breakfast in K-12 Schools Net Sales Renovation & Innovation News CGR = +16% F12 F16 93
Slide 9: Fiscal 2017 News: Cereal
Fiscal 2017 News: Cereal K-12 Schools Colleges & Universities 94
Slide 10: Fiscal 2017 News: Yogurt
Fiscal 2017 News: Yogurt Net Sales Operator Innovation CGR = +9% F12 F16 95
Slide 11: Fiscal 2017 News: Snacks
Fiscal 2017 News: Snacks Convenience Stores K-12 Schools Core Distribution & Renovation Innovation 96
Slide 12: Strong Execution Capabilities
Strong Execution Capabilities • National, Direct Sales Force • Consumer and Operator Insights • Innovative Solutions 97
Slide 13: Today's Summary
Today’s Convenience Stores & Foodservice Summary • Portfolio Shaping Efforts Have Strengthened Business Model • Strong Innovation and Renovation Planned in Fiscal 2017 • F17 Goals • Organic Net Sales: Flat vs LY • Segment Operating Profit Margin: +50bps vs LY 98