Mondelez International, Inc. · NASDAQ:MDLZ
Mondelez International — Shareholder Meeting (April 2022)
20 slides from Mondelez International's shareholder meeting presentation, Apr 29, 2022
Slide 1: Shareholder Engagement Spring 2022
SHAREHOLDER ENGAGEMENT Spring 2022
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation contains a number of forward-looking statements. Words, and variations of words, such as “will,” “expect,” “may,” ”position” and similar expressions are intended to identify our forward-looking statements, including, but not limited to, statements about:
Slide 3: Mondelēz International to Lead the Future of Snacking
MONDELĒZ INTERNATIONAL TO LEAD THE FUTURE OF SNACKING We are one of the world’s largest snack companies, with a strong portfolio of brands enjoyed in over 150 countries 1 2021 BUSINESS OVERVIEW REVENUE BY MARKET AND CATEGORY North America Europe Cheese & Beverages Grocery 4% 28.9% 38.8% 9 global bra
Slide 4: Consistent Results Demonstrate Sustainable Long-Term Growth
CONSISTENT RESULTS DEMONSTRATE SUSTAINABLE LONG-TERM GROWTH Effective execution of our consumer-led growth strategy led to a strong 2021, positioning Mondelēz International for continued and accelerated growth 1 OVER 4% ORGANIC NET REVENUE CAGR FROM 2018 THROUGH 2021 TOTAL SHAREHOLDER RETURN 18.2% V
Slide 5: Election of the Ten Director Nominees: Diverse Perspectives and Expertise
���� PROPOSAL 1: ELECTiON OF THE TEN DiRECTOR NOMiNEES DIVERSE PERSPECTIVES AND EXPERTISE ENABLE STRONG BOARD OVERSIGHT Our director nominees’ considerable leadership experience at global companies and diverse backgrounds enable highly effective, independent Board oversight and rigorous decision mak
Slide 6: Robust Board Oversight of E&S Risks and Opportunities
���� PROPOSAL 1: ELECTiON OF THE TEN DiRECTOR NOMiNEES ROBUST BOARD OVERSIGHT OF E&S RISKS AND OPPORTUNITIES • Reviews ESG strategy and progress, including environmental and social sustainability at least twice annually • Reviews progress against Diversity, Equity & Inclusion goals at least twice an
Slide 7: Advisory Vote to Approve Executive Compensation
���� PROPOSAL 2: ADViSORY VOTE TO APPROVE EXECUTiVE COMPENSATiON FOR OUR LiSTED OFFiCERS INCENTIVE COMPENSATION PROGRAMS TARGET STRETCH PERFORMANCE PAY ELEMENT VEHICLE 2021 PERFORMANCE METRICS 2021 OUTCOMES Cash Market competitive to retain key talent Our 2021 Incentive Plan outcomes reflect BASE SA
Slide 8: Our Commitment to Diversity, Equity and Inclusion
���� PROPOSAL 4: PROPOSAL ON RACiAL EQUiTY AUDiT OUR COMMITMENT TO DIVERSITY, EQUITY AND INCLUSION (DEI) Mondelēz International takes seriously our commitment to advancing racial equality and diversity, equity and inclusion among our colleagues, culture and communities. We believe our well-establish
Slide 9: Board-Level DEI Oversight and Key Initiatives
���� PROPOSAL 4: PROPOSAL ON RACiAL EQUiTY AUDiT BOARD-LEVEL DEI OVERSIGHT AND KEY INITIATIVES Our Board values diversity, equity and inclusion, and together our Board and People and Compensation Committee provide robust oversight of our DEI strategy BOARD-LEVEL OVERSIGHT FULL BOARD OVERSIGHT ROLE O
Slide 10: Building a Diverse Workforce
���� PROPOSAL 4: PROPOSAL ON RACiAL EQUiTY AUDiT BUILDING A DIVERSE WORKFORCE We are committed to a workplace that reflects the diversity of our consumers and aims to attract, develop and nurture 1 diverse talent. In response to investor feedback, we published for the first time our consolidated EEO
Slide 11: Review of Diversity & Inclusion at Mondelēz US
���� PROPOSAL 4: PROPOSAL ON RACiAL EQUiTY AUDiT REVIEW OF DIVERSITY & INCLUSION AT MONDELĒZ US Third-party review of Mondelēz US Diversity & Inclusion (D&I) program, commissioned by Internal Audit The review found that we have built a strong D&I framework and roadmap and excel within the consumer p
Slide 12: Empowering People to Snack Right
���� PROPOSAL 4: PROPOSAL ON RACiAL EQUiTY AUDiT EMPOWERING PEOPLE TO SNACK RIGHT We define our ESG goals and progress, including those related to DEI, through the lens of Snacking Made Right and are pursuing our ambition of building a more sustainable snacking company BUILDING A MORE SUSTAINABLE SN
Slide 13: More Sustainable Growth the Right Way for People & Planet
���� PROPOSAL 4: PROPOSAL ON RACiAL EQUiTY AUDiT MORE SUSTAINABLE GROWTH THE RIGHT WAY FOR PEOPLE & PLANET Our purpose-led innovative approach, including our DEI goals, is integrated within our business strategy. We prioritize where we can have greater impact and focus on long-term more sustainable
Slide 14: 2021 Sustainability Performance Dashboard
���� PROPOSAL 4: PROPOSAL ON RACiAL EQUiTY AUDiT 2021 SUSTAINABILITY PERFORMANCE DASHBOARD Building on our strong 2020 results, we continued to make good progress on our sustainability goals in 2021 as we work toward our 2025 goals and develop plans and goals for 2030 2021 Actual 2025 Target -10% in
Slide 15: Comprehensive Packaging Strategy to Address Systemic Challenges
���� PROPOSAL 4: PROPOSAL ON RACiAL EQUiTY AUDiT COMPREHENSIVE PACKAGING STRATEGY TO ADDRESS SYSTEMIC CHALLENGES MONDELĒZ INTERNATiONAL PACKAGiNG OVERViEW Our ambition is to reduce our overall packaging footprint, design our packaging to be recyclable and support the development of infrastructure to
Slide 16: Deep Corporate and Brand Partnerships and Alliances
���� PROPOSAL 4: PROPOSAL ON RACiAL EQUiTY AUDiT DEEP CORPORATE AND BRAND PARTNERSHIPS AND ALLIANCES Actively engaged with leading organizations; third-party recognition for diversity and inclusion, transparency and accountability 2021 CPA-ZICKLIN TRENDSETTER 16
Slide 17: Proposal Requiring Independent Chair: Strong Independent Lead Director
���� PROPOSAL 5: PROPOSAL REQUiRiNG iNDEPENDENT CHAiR OF THE BOARD STRONG INDEPENDENT LEAD DIRECTOR WITH ROBUST RESPONSIBILITIES Maintaining flexibility in Board leadership structure is in Patrick T. Siewert the best interest of shareholders Independent Lead Director (following the 2022 AGM) ü By-La
Slide 18: We Request Your Continued Support
WE REQUEST YOUR CONTINUED SUPPORT The Board values the trust that you place in us when you invest in Mondelēz International and we are committed to delivering on your expectations. We encourage you to vote with us at the 2022 Annual Meeting ELECTION OF DIRECTOR NOMINEES – RECOMMEND FOR ü Our Board’s
Slide 19: GAAP to Non-GAAP Reconciliation
GAAP TO NON-GAAP RECONCILIATION Net Revenues to Organic Net Revenue (in millions of U.S. dollars) (unaudited) For the Twelve Months Ended December 31 2019 2020 2021 3 Year CAGR Reported (GAAP) $ 25,868 $ 26,581 $ 28,720 Divestitures (55) - (35) Acquisitions (88) (445) (254) Currency 1,154 637 (462)
Slide 20: Building a More Sustainable Snacking Company
BUILDING A MORE SUSTAINABLE SNACKING COMPANY Strong Promoting DEI, Robust board Impactful DEI & financial oversight & sustainability rights, communities performance governance agenda & well-being practices 20
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