Slide 1: PepsiCo R&D External Innovation
PepsiCo R&D External Innovation Dianne Ripberger
Slide 2: PepsiCo Overview
PepsiCo Overview Se
Slide 3: About PepsiCo
About PepsiCo PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo’s product portfolio includes a wide range of enjoyable convenient foods and beverages, including many iconic brands that generate more than $
Slide 4: Our History
Our History Formed Pepsi Lipton Tea Acquisition of Acquisition of Creation of Frito-Lay Partnership, joint KeVita, a leading CytoSport, a Largest foreign through the merger of venture between Acquisition of Acquisition of North American leading acquisition of the Frito Company and Pepsi -Cola and le
Slide 5: Our Mission & Vision
Our Mission & Vision MISSION Create more smiles with every sip and every bite Be the global leader in convenient food VISION and beverages by winning with FASTER STRONGER BETTER Winning in the marketplace, being Transforming our capabilities, cost, and Creating growth and value by operating THE more
Slide 6: Strong Portfolio of Iconic Brands
Strong Portfolio of Iconic Brands Many iconic $1 billion brands More than 30 $250 million–$1 billion brands These brands generated more than $1B or $250-$1B in 2021 estimated annual retail sales. *Logos shown are not all inclusive. 6
Slide 7: Introducing pep+
Introducing pep+ Se
Slide 8: PepsiCo Positive (pep+)
PepsiCo Positive (pep+) Strategic end-to-end transformation, with sustainability at the center of how PepsiCo will create growth and value by operating within planetary boundaries and inspiring positive change for the planet and people POSITIVE AGRICULTURE POSITIVE VALUE CHAIN POSITIVE CHOICES SOURC
Slide 9: pep+ Key Pillars
pep+ Key Pillars POSITIVE AGRICULTURE POSITIVE VALUE CHAIN POSITIVE CHOICES Spread regenerative Sustainably source Evolve our portfolio of products so they are 7 agriculture across better for the planet + people, by: million Achieve Diversifying ingredients acres Net- Zero Expanding position in nuts
Slide 10: 2020 Sustainability Progress Highlights
2020 Sustainability Progress Highlights 22 As of 2020, 71% As of 2020, we In 28 countries, Reduced our absolute met nearly we achieved GHG emissions across our value chain by 60% of our current global of our foods portfolio volume in our top 23 foods markets met our 100% sustainably sourced direct-
Slide 11: Introduction to XI
[xi] Ye Introduction to XI
Slide 12: Internal PepsiCo R&D Capabilities – Seed to Shelf
Internal PepsiCo R&D Capabilities – Seed to Shelf INNOVATION MANAGEMENT EQUIPMENT SUSTAINABILITY CULINARY DEVELOPMENT CLINICAL SCIENCE SENSORY PROCESS NUTRITION FOOD SAFETY REGULATORY AGRICULTURE FOOD SCIENCE SCIENCE PACKAGING & QUALITY ENGINEERING WATER FLAVORS SPORTS SCIENCE DATA SCIENCE TECHNOLOG
Slide 13: PepsiCo teams engage externally to solve critical needs
3 PepsiCo teams engage externally to solve critical needs BRAND: COMMERCIALTECHNOLOGY: BRAND: PepsiCo Ventures PepsiCo Labs PepsiCo Ventures Beverage Insights (AI) Agro/ ingredients Macro Snacks Sales & Marketing Processing Beyond the Bottle Supply Chain Packaging IDENTIFY I NURTURE I PARTNER MINORI
Slide 14: XI Mission
XI Mission XI complements & augments internal R&D capabilities Provide a seamless external partnering capability to accelerate PepsiCo’s innovation agenda, mitigate development risk and uncover unique new business opportunities 14
Slide 15: XI is part of PepsiCo R&D
XI is part of PepsiCo R&D WHO 15-person Global team comprised of Technology Scouts & Analysts XI leverages the Want/Find/Get/Manage open innovation framework WANT FIND GET MANAGE How XI manages the partner ecosystem across the following pillars Invention Networks Where Academic Partners Commercial V
Slide 16: XI – A Successful Story: New Packaging Technology
XI – A Successful Story: New Packaging Technology ADVANTAGE SUSTAINABLE RESINS FOR FLEX BAGS PepsiCo R&D & Danimer Co- PepsiCo Conducts Develop and Tests Solutions First in Market Test 2017 2018 2016 Partnership with PEP R&D to Partnered with Danimer dramatically accelerate timeline for market solut
Slide 17: Needs and Opportunities
[xi] SO Needs and Opportunities
Slide 18: Focus Areas for PepsiCo R&D
Focus Areas for PepsiCo R&D Process & Ingredients & Packaging & Sustainability & Digital Equipment Flavors Materials Agriculture Transformation Process Sugar/Salt/Fat Biodegradable & Other Regenerative Consumer-based Digitalization Reduction Disruptive Materials Agriculture Product Insights Novel Fo
Slide 19: 2022 Technology Needs
2022 Technology Needs • Zero sugar tools (new ingredients, aftertaste • Circular water, minimal liquid discharge; mitigation, mouthfeel modification, etc.) Atmospheric water generation; Improved water efficiency • New natural preservatives, colors, flavors, and functional ingredients • Economical an
Slide 20: PepsiCo Open Innovation Portal
PepsiCo Open Innovation Portal Submit your solutions to PepsiCo R&D’s technology needs https://externalinnovation.pepsico.com/ 20
Slide 21: THANK YOU
THANK YOU 21