Tyson Foods, Inc. · NYSE:TSN
Tyson Foods — Q2 2020 Earnings Presentation
16 slides from Tyson Foods's earnings presentation, May 4, 2020
Slide 1: Q2 Fiscal 2020 Supplemental Information
— Q2 Fiscal 2020 Supplemental Information 1 May 4, 2020
Slide 2: 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 3: Today's Speakers
Today’s Speakers Noel White Dean Banks Stewart Glendinning CEO President EVP & CFO
Slide 4: Responding in the wake of adversity
Responding in the wake of adversity “Tyson Foods to Provide Approximately $60 Million in “Tyson Foods Commits $13 Bonuses for Frontline Million in COVID-19 Hunger Workers” Relief and Community Support” “Tyson Foods Doubles Bonuses; Increases Health Benefits and “Tyson Foods Partners with Protections
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 9.3% Volume sales % change among top 10 branded food companies > $5B in sales 7.1% 6.9% 5.3% Total Food 4.4% & Beverage 3.4% 3.4% 2.3% 1.6% 0.1% -0.4% Core Total -1.3% Business Tyson Lines Source: Nielsen Total U.S. xAOC Fixed Weight
Slide 7: Prepared Foods Segment Results
Prepared Foods Segment Results Operating Income ($ in millions) Q2 FY20 Sales volume ↓ 0.1% Dollars ROS % Average price ↑ 2.7% Q2 FY20 $191 9.2% Tyson Foods, Inc. 7
Slide 8: Beef Segment Results
Beef Segment Results Operating Income ($ in millions) Q2 FY20 Sales volume ↑ 2.7% Dollars ROS % Average price ↓ 0.3% Q2 FY20 $109 2.7% Tyson Foods, Inc. 8
Slide 9: Pork Segment Results
Pork Segment Results Operating Income ($ in millions) Q2 FY20 Sales volume ↑ 2.0% Dollars ROS % Average price ↑ 6.0% Q2 FY20 $93 7.3% Tyson Foods, Inc. 9
Slide 10: Chicken Segment Results
Chicken Segment Results Operating Income ($ in millions) Q2 FY20 Sales volume ↓ 1.5% Dollars ROS % Average price ↑ 1.2% Q2 FY20 $99 2.9% Tyson Foods, Inc. 10
Slide 11: Global protein consumption is growing
Global protein consumption is growing. It’s estimated that nearly 98% of global protein consumption growth will occur outside the U.S. As the population continues to grow, Tyson Foods will grow with it. 70% of the volume growth will come from Asia. Source: Euromonitor International from national sta
Slide 12: Raising the world's expectations for how much good food can do
Raising the world’s expectations for how much good food can do Grow Deliver Sustain Our business by delivering superior Fuel for growth and returns through Our company and our world for value to consumers and customers commercial, operational and financial future generations excellence WORKING DRAFT
Slide 13: Q2 FY20 Highlights
Q2 FY20 Highlights ($ in millions, except per share data) Q2 FY20 • Executed termination of two frozen pension Sales $10,888 plans to minimize volatility and cash flow risks Operating Income $501 Operating Margin 4.6% • Sales up over 4% Adjusted EPS1 $0.77 • Avg. sales price up 1.6% Operating Income
Slide 14: Appendix
Appendix
Slide 15: EPS Reconciliations
EPS Reconciliations $ in millions, except per share data (Unaudited) Second Quarter Six Months Ended Pretax Impact EPS Impact Pretax Impact EPS Impact 2020 2019 2020 2019 2020 2019 2020 2019 Reported net income per share attributable to Tyson $1.00 $1.17 - - $2.52 $2.67 Add: Restructuring and relate
Slide 16: Segment Operating Income & Operating Margin Reconciliations
Segment Operating Income & Operating Margin Reconciliations $ In millions, except per share data (Unaudited) Adjusted Segment Operating Income (Loss) (for the six months ended March 28, 2020) Prepared Internationa Intersegmen Beef Pork Chicken Foods l & Other t Sales Total Sales $ 7,817 $ 2,645 $ 6,