Ingredion Incorporated · NYSE:INGR
Ingredion — Barclays Global Consumer Staples Conference 2023
15 slides from Ingredion's conference presentation, Sep 5, 2023
Slide 1: Barclays Global Consumer Staples Conference
Barclays Global Consumer Staples Conference Jim Zallie President and CEO James Gray Executive Vice President and CFO September 5, 2023
Slide 2: Forward-looking Statements
Forward-looking Statements This presentation contains or may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends these forward-looking statements to be
Slide 3: A leader in plant-based ingredient solutions
A leader in plant-based ingredient solutions 12,000 18,000 100% Talented and engaged Customers in approximately Tier 1 crops sustainably employees 120 countries sourced by 20251 60 70% 32 ~500 Diverse Ingredion Idea Labs® Global food technology 2022 global market innovation centers new product launc
Slide 4: Sales by customer end market
Sales by customer end market $~8B 2022 TOTAL NET SALES 54% 16% 19% 11% FOOD BEVERAGES AND PAPERMAKING/ ANIMAL BREWING PACKAGING, NUTRITION PHARMA, PERSONAL CARE 70% food related sales 4 © 2023 by Ingredion Incorporated. All rights reserved.
Slide 5: Strong sales and earnings growth
Strong sales and earnings growth Net Sales Adj. EPS1 (in millions) (in dollars) $10.0 $8.80-9.40 $10.0 $8.3-8.6 $8.0 $8.0 $6.0 $6.0 $4.0 $7.45 $4.0 $8.0 $6.23 $6.67 $6.9 $6.0 $2.0 $2.0 $0.0 $0.0 2020 2021 2022 2023E 2020 2021 2022 2023E 1 See Financial Performance Metrics on page 58 of the 2022 Annu
Slide 6: Strongest second quarter in the company's history
Strongest second quarter in the company’s history 4% 9% increase in increase in net sales on constant adj. EPS 17% 10% currency increase in dividend increase adj. operating payable in Q3 income 6 © 2023 by Ingredion Incorporated. All rights reserved.
Slide 7: We are purpose-driven, helping customers innovate with plant-based ingredients
We are purpose-driven, helping customers innovate with great-tasting, functional and healthy plant-based ingredients We bring the potential of people, nature and technology together to make life better Texturizing Plant protein fortification Reducing sugar Innovative and cost-effective Pulse protein
Slide 8: Converting ideas to solutions: Leveraging deep technical expertise
Converting ideas to solutions: Leveraging deep technical expertise C iti z e n D at a S ci Benefits e n ti st Global footprint with 32 idea labs Culinology, applications and scientific “The Brain” expertise close to our customers Culture of co-creation with our customers Ability to deliver c
Slide 9: Specialties growth is being driven by sustainable and enduring consumer trends
Specialties growth is being driven by sustainable and enduring consumer trends STARCH-BASED Affordability TEXTURIZERS and Convenience CLEAN AND SIMPLE Transparency INGREDIENTS and Authenticity PLANT-BASED Mindful Consumption PROTEINS and Sustainability SUGAR REDUCTION Nutrition AND SPECIALTY SWEETEN
Slide 10: Playing to win in large and growing markets
Playing to win in large and growing markets $18B* $5B* $10B* market market market Starches Sugar Reduction Alternative Proteins Hydrocolloids Fibers Market 3-5% ~6% 6-8% CAGR “TEXTURE FOR TASTE” SUGAR REDUCTION PLANT-BASED AND SPECIALTY PROTEINS SWEETENERS FOOD SYSTEMS *Internally compiled detail ac
Slide 11: Expanding our global leadership in starch-based texturizers
Expanding our global leadership in starch-based texturizers • Population growth, convenience and affordability, especially in developing markets, are driving demand growth • Reducing delivered cost and environmental footprint Localization Capacity Expansion • Improved localization and global supply
Slide 12: Natural, high-intensity sweeteners gaining momentum
Natural, high-intensity sweeteners gaining momentum after recent announcements regarding artificial sweeteners Examples of stevia products launched in Q2 185 new PureCircle customers since 2020 $5B* 3.3 TRILLION estimated calories removed from Sugar Reduction consumer diets globally using stevia- Ma
Slide 13: $850M invested in growth over the last 6 years
$850M invested in growth over the last 6 years Only 60% has generated returns so far and in just the last 1-2 years $160M Investment over three-year period STARCH-BASED TEXTURIZERS China expansion is ramping-up; $100M strong local demand SUGAR REDUCTION Accelerating growth, increased AND SPECIALTY S
Slide 14: Building our specialties offerings through M&A and partnerships
Building our specialties offerings through M&A and partnerships SPECIALTY NUTRITION, INGREDIENTS SUGAR REDUCTION HEALTH AND WELLNESS AND SPECIALTY SUGAR SWEETENERS REDUCTION FOOD SYSTEMS AND SPECIALTY SUGAR SWEETENERS STARCH-BASED REDUCTION TEXTURIZERS AND SPECIALTY PLANT-BASED SWEETENERS CORE PLANT
Slide 15: Disciplined capital allocation strategy
Disciplined capital allocation strategy 1 Organic growth investment 2 Strong and consistent dividend 3 Value enhancing M&A 4 Share repurchases 15 © 2023 by Ingredion Incorporated. All rights reserved.
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