MONDELEZ INTERNATIONAL, INC. MONDELEZ LATIN AMERICA
MEXICO SPOTLIGHT
May 2024
FORWARD-LOOKING STATEMENTS
This presentation contains forward-looking statements.All statements other than statements of historical fact are "forward-looking statements" for purposes of federal and statesecurities laws. Words, and variations of words, such as "will," "may," "expect," "would," "could," "might," "intend,""plan," "believe," "likely," "estimate," "anticipate," "objective," "predict," "project," "drive," "seek," "aim," "target," "potential," "commitment," "outlook," "continue" or any othersimilar words are intended to identify ourforward-looking statements.Although we believe that the expectations
reflected in anyof our forward-looking statements are reasonable, actual results oroutcomes could differmateriallyfrom those projected or assumed in any of ourforward-looking statements. Our futurefinancial condition and results of operations,as well as any forward-lookingstatements,aresubject to changeand to inherent risks and uncertainties, many ofwhich are beyond ourcontrol, which could cause ouractual results to differmaterially fromthose indicated in these forward-looking statements. We disclaim and do not undertakeany obligation to updateor reviseany forward- looking statement in this presentation except as required byapplicablelaw orregulation.In addition,historical,current and forward-lookingsustainability-related statements maybe based on standards for measuring progress that are still developing, internal controls and processes that continue to evolve, and assumptions that aresubject to change in the future.Forimportant information on forward-looking statements, please seeourearnings release forQ1 2024 on our investorwebsite at https://www.mondelezinternational.com/investors.
NON-GAAP FINANCIAL MEASURES
All results shared with this presentation are non-GAAP unless noted as "reported," "net revenue," "net revenues" or when reporting absoluterevenuenumbers, in which case we are referring to our results on a GAAP basis. Pleasesee GAAP to non-GAAP reconciliations at the end of this presentation for comparable GAAP measures. Refer to the definitions of these measures in ourearnings release forQ1 2024 on our investorwebsite at www.mondelezinternational.com/investors.
2
AGENDA | DELIVERING GROWTH TODAY, |
POSITIONED FOR MORE TOMORROW | |
1
2
Latin America is an attractive and diversified growth engine
Mexico is a priority market with large growth opportunity
3 | Mondelēz has the scale, capabilities, & |
leadership to deliver growth agenda |
4 | Ricolino adds significant value and |
integration is on track |
3
LATIN AMERICA - DIVERSE REGION WITH ATTRACTIVE GROWTH POTENTIAL LA
LA Region at a glance
LA is a growth engine for the company
• | Countries served | 22+ |
• | Population | ~650 M |
• | 2023 Net Revenues | $5.0 B |
• | # of Sites | 11 |
• | Priority Snacks1 | ~80% |
• | Colleagues | ~20,000 |
Europe
Org. Net Revenue
L4Y CAGR:
+7.4%
36%
2023 Net
Revenues
$36.0B
31%
North America
Org. Net Revenue
L4Y CAGR:
+7.8%
AMEA
Org. Net Revenue
L4Y CAGR:
19% +8.2%
14%
Latin America
Org. Net Revenue
L4Y CAGR:
+20.8%
4 | 1 based on 2023 Net Revenues; Priority Snacks: Chocolate, Biscuits/Baked Snacks, Gum, Candy |
WELL ESTABLISHED HISTORY THROUGH ICONIC AND HERITAGE BRANDS
Brazil | NR $1.8B | Mexico | NR $1.7B |
since ~1912 | since ~1907 |
#1 | #1 | #1 | #3 |
Chocolate | Gum&Candy | Gum&Candy | Biscuits |
WACAM | NR $0.9B | Argentina | NR $0.6B |
since ~1923 | since ~1914 |
#1 | #1 | #2 | #2 |
Gum | Biscuits | Chocolate | Biscuits |
5 | Source: Euromonitor 2023 Market Size. Nielsen 2023 Share data |
LA
WELL-POSITIONED IN LARGE, ATTRACTIVE AND RESILIENT CATEGORIES
LA
Large opportunity | ||
in a ~$68B Snacking Market | ||
LA Snacking Category1 | ||
Market size in $ Bn | ||
$20B | Priority | |
$11B | Snacks | |
~$50B | ||
$9B | $7B | |
$7B | $7B | |
Priority Snacks growing Faster than total snacks
LA Category Growth1
2019-2023 (4Y CAGR)
+5.1%
+4.6%
+3.3%
$3B
$1B
$2B
Biscuits Chocolate C&P Candies Gums Bars | Salty | Ice Others | Priority | Total | Non-Priority |
Snacks | Snacks | Snacks | |||
Snacks | Cream | ||||
6 | 1 Euromonitor, 2023 - $68B LA (7% of total Snacking globally) |
STRONG #2 POSITION IN TOTAL SNACKS AND GROWING MARKET SHARE
Latin America | LA snacks manufacturers |
Market Share | $68B RSV category |
14% |
12%
10%
8%
6%
4%
2%
0%
L3Y cumul. | +0.3pp | +1.8pp | -1.5pp | +0.1pp | n/a | -0.1pp | +0.2pp |
share Δ | |||||||
LA
7 | Source: Euromonitor 2023 |
PORTFOLIO FOCUSED ON THE CORE WITH ICONIC AND BELOVED BRANDS
Balanced Portfolio1
(80% Core Snacks) | $500M+ |
Brands1
Chocolate $1.4B
Biscuits | $1.2B | |
Gum&Candy | $1.5B | $200M+ |
Beverages | $0.4B | Brands1 |
Meals | $0.5B |
8 | 1 based on 2023 Net Revenues |
LA
LA REGION - STRONG PERFORMANCE WITH SIGNIFICANT REINVESTMENT
LA
Volume | Net Revenue | A&C spend | Adjusted OI | ||||||||||||||||
In k tons | in $ B | in % of NR1 | in $ B | ||||||||||||||||
812 | $5.0 | ||||||||||||||||||
8.1% | |||||||||||||||||||
$0.7 | |||||||||||||||||||
601 | |||||||||||||||||||
$3.0 | 6.4% | $0.4 | |||||||||||||||||
2019 | 2020 | 2021 | 2022 | 2023 | 2019 | 2020 | 2021 | 2022 | 2023 | 2019 | 2020 | 2021 | 2022 | 2023 | 2019 | 2020 | 2021 | 2022 | 2023 |
9 | 1 A&C in % of NR on a reported basis |
CONSISTENT DELIVERY AGAINST LT ALGO SINCE 2018 STRATEGY LA
LA
Key performance Metric | 2018 - 2023 | 1 | Consistent |
with LT Algo | |||
Volume Growth2 | +2.4% | ||
Organic Net Revenue Growth3 | +17.9% | ||
A&C Change in Spend4 | +22.8% | ||
Adj. OI Growth at cst. fx | +14.4% | ||
Adj. OI Growth at rpt. fx | +4.9% |
10 | 1 5 years CAGR; 2 Volume growth is defined as organic volume growth which excludes the impact of acquisitions and divestitures; 3 ONR growth ex. ARG +10.1%; 4 at cst. fx |
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Mondelez International Inc. published this content on 16 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 May 2024 04:03:07 UTC.
