Investor Day 2013

Actual events may differ materially. 2013.Legal Disclosure This presentation contains forward-looking information based on management’s current views and assumptions. Please refer to the cautionary statement and risk factors on pages 33-38 in the Company’s Form 10-Q filed June 7. 2 .

Jeff Ettinger Chairman. President & CEO .

International Trip 4 .

Hormel Foods: A Growth Story 5 .

00 $6.00 $2. Based on internal 2013 sales estimate .00 $8.00 $4.10 Year Sales History In billions $10.00 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Est.

00 *CAGR based on 2013 EPS midpoint of guidance range $1.00 $0.10 Year EPS History $2.50 $1.96 $1.88 to $1. .50 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Est.

Keys to Growth • • • • • Balanced Model Leading Brands Innovation Strategic Acquisitions Experienced Team 8 .

Balanced Model Protein Packaged Foods Retail Foodservice Deep Supply Chains in Pork and Turkey Purchase Everything Else Financially Conservative Innovative Culture 9 .

4% 22% 65% 18% .27% 14% 17% FY 2009 9% 7% 11% .5% FY 2011 4% 6% 43% -5% 39% FY 2012 12% -22% 16% 8% 38% 12% 2% -25% 33% 29% YTD 2Q 2013 Year-Over-Year Growth Year-Over-Year Decline 10 .Our Balanced Model In Action Segment Operating Profit Grocery Products Refrigerated Foods Jennie-O Turkey Store Specialty Foods International FY 2008 5% 22% .2% 2% FY 2010 .

Meat Products and Jennie-O Turkey Store segments 11 .Leading Brands At least 34 products have #1 or #2 market share positions in their category • These categories span our Grocery Products.

S.Investments in Brand Strength ® • Hormel Campaign ® • SPAM (U. and Abroad) ® • Jennie-O Turkey Store Campaign • “Make the Switch™” • Herdez ® • “Con Toda Confianza…Es Herdez” • Hormel® REV® • “For Those Who Are Hungry™” 12 .

500 $2.000 In progress $1.Growth From Innovation Innovation Challenges $3.500 In millions $3.000 $3.000 $1.500 $1.000 $2.000 $500 $500 $0 2000 2001 2002 2003 Specialty Foods Group 2004 2005 2006 Refrigerated Foods 2007 2008 2009 Jennie-O Turkey Store 2010 2011 2012 Hormel Foods International 2013 2014 2015 2016 Grocery Products 13 .500 $2.000 Success $2.500 $1.

2004 2006 2006 2007 2005 2010 2010 2011 Specialty Foods Refrigerated Foods: Convenience Meals 2005 2009 2002 2003 2005 2008 14 . Inc.Growth From Acquisitions Jennie-O: Value-Added Turkey Grocery Products: Traditional 2013 2006 2001 Refrigerated Foods: Value-Added Protein Grocery Products: Mexican Provena Foods.

Group Vice President.Experienced Team Steve Binder Jody Feragen Jim Splinter Steve Venenga Executive Vice President and President. President. Hormel Business Units Executive Vice President and Chief Financial Officer Group Vice President. Grocery Products Vice President. Meat Products Marketing Glenn Leitch Don Kremin Jim Snee Group Vice President. President. Specialty Foods Group Vice President. Inc. Jennie-O Turkey Store. Hormel Foods International Corporation 15 .

Thank You! .