Sysco Corporation · NYSE:SYY
Sysco — Jefferies Global Consumer Conference 2019
12 slides from Sysco's conference presentation, 2019
Slide 1: Jefferies Global Consumer Conference 2019
Jefferies Global Consumer Conference 2019
Slide 2: Forward Looking Statements
Forward Looking Statements Statements made in this presentation that look forward in time or that express management’s beliefs, expectations or hopes are forward-looking statements within the meaning of the Private S Securities Litigation Reform Act of 1995. Such forward-looking statements reflect t
Slide 3: Tom Bené, Chairman, President & CEO
TOM BENÉ CHAIRMAN, PRESIDENT & CEO
Slide 4: Our Vision
To be our customers’ most Our VISION valued and trusted business partner
Slide 5: Our Size and Scale Is Unmatched
OUR SIZE AND SCALE IS UNMATCHED • Within Restaurants we have FY18 Sales by Customer Type two types of customers: Travel, Leisure & Retail 8% • National Accounts Education & Government 8% Healthcare 9% • Local Other 13% • Independent Restaurants 62% • Emerging Concepts We continue to improve on our d
Slide 6: We Remain Committed to Long-Term Improvement Despite Short-Term Volume Softness
WE REMAIN COMMITTED TO LONG-TERM IMPROVEMENT DESPITE SHORT-TERM VOLUME SOFTNESS ▪ Our continued disciplined strategy in national accounts business contributing to volume softness ▪ Our volume was softer than we expected in April and May, although we continue to see year-over-year growth ▪ Industry d
Slide 7: We Are Making Good Progress on Initiatives Adding Value to Sysco
WE ARE MAKING GOOD PROGRESS ON INITIATIVES THAT ARE ADDING VALUE TO SYSCO ▪ Previously announced divestiture of Iowa Premium Beef is now finalized ▪ Inflation - low risk of big increase despite: ▪ African Swine Flu ▪ Mexico Tariffs Insert cool photo here ▪ Our three-year plan initiatives remain on t
Slide 8: Our Cost-Savings Initiatives Are Progressing Well and Will Continue to Create Value
OUR COST-SAVINGS INITIATIVES ARE PROGRESSING WELL AND WILL CONTINUE TO CREATE VALUE Finance This initiative increases centralization and standardization of our end- Transformation to-end global processes and workflow and utilizes digital automation Roadmap on a modern finance platform to improve eff
Slide 9: Summary
SUMMARY ▪ Our fundamentals are strong, with consistent execution on our strategic priorities ▪ Expect softer volume growth 4QFY19 ▪ We are committed to serving our customers and delivering at a high level of execution in all areas of our business 9
Slide 10: Q&A
Q&A
Slide 11: Non-GAAP Reconciliations
NON-GAAP RECONCILIATIONS
Slide 12: Adjusted Operating Income Target
ADJUSTED OPERATING INCOME TARGET We expect to achieve our gross profit, operating income and earnings per share targets under our 3-year strategic plan by fiscal 2020. We cannot predict with certainty when we will achieve these results or whether the calculation of our gross profit, operating income