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2016 Campbell Investor Day GBS Luca Mignini 07-20-16 PDF
2016 Campbell Investor Day GBS Luca Mignini 07-20-16 PDF
2016 Campbell Investor Day GBS Luca Mignini 07-20-16 PDF
Luca Mignini
President, Global Biscuits and Snacks
Campbell Soup Company
1
Global Biscuits and Snacks
• Overview of the division
• Update on our performance
• Highlights from our growth plan
2
Biscuits & Snacks Opportunity
$86 Billion Category
Projected to Grow
at 5% CAGR Over
the Next Five Years
Source: Euromonitor, 2016
3
Snacking Is A Growing Behavior
54%
of All U.S.
Eating
Occasions
Are “Snacks”
Source: Hartman, 2016
4
Developing Markets – Focused on Asia
$10 Billion Ample Room
for Profitable
Growth Through
$1 Billion Expanded
Distribution
China Has the Largest Middle Class
in the World, 100 Million People
Source: Euromonitor, April 2016
5
We Have Combined
Our Iconic Arnott’s,
Kjeldsens and
Pepperidge Farm
Brands into a Single,
Integrated Division
6
Global Biscuit And Snacks Division
Portfolio And Geographic Composition
Categories F’15 Net Sales Geographies
U.S. Bakery
$2.6 B
Simple Meals and ANZ
25% Beverages 27%
10%
North
America
56% SEA
7%
Greater
Biscuits China
and Snacks 5%
65% RoW
5%
7
To Deliver Our Portfolio Role,
We Remain Focused on Our Four Strategies
Expand into faster‐growing
1 Strengthen our core 2
spaces
• Drive full force growth in Indonesia
• Restore US Biscuit and Bakery to higher
and China
levels of reliable, profitable growth;
maintain Canada growth • Pursue organic expansion in Southeast Asia
and attractive external development
• Continue to stabilize ANZ and restore
opportunities in promising markets /
moderate and profitable growth
categories
3 Build Global Brands, focused on key consumer need states
4 Leverage global capabilities and build sustainable business models
8
U.S. Crackers
Pepperidge Farm Grew
Retail Sales by 2.9%
Goldfish
Retail Sales
Growth!
+3.7%
Source: IRI, last 52 weeks, ending June 26, 2016
9
U.S. Bakery
Buns & Rolls
Pepperidge Farm Grew Retail Sales Growth!
Retail Sales by 2.7%
+19.3%
Source: IRI, last 52 weeks, ending June 26, 2016
10
U.S. Cookies
Pepperidge Farm Grew
Retail Sales by +1.5%
Milano
Pepperidge
Growth Farm Cookie
Consumption
+10.8%*
+6.3%*
Source: IRI, last 52 weeks, ending June 26, 2016,
*IRI last 13 weeks, ending June 26, 2016 11
12
Australia
Second
Largest
Piece
of the
GB&S
Portfolio
13
14
An independent grocer in Victoria, Australia
15
16
China
CNY 16 Share World’s Second Largest
Biscuit Market
+0.3
points
+0.8
points
+2.8
points
Source: ACNielsen >340g cookie
16
Guangdong, CNY 2016
Shanghai, CNY 2016
17
18
Indonesia Market
Remain Focused on Core Brand Strategies
19
To Deliver Our Portfolio Role,
We Remain Focused on Our Four Strategies
Expand into faster‐growing
1 Strengthen our core 2
spaces
• Drive full force growth in Indonesia and
• Restore U.S. Biscuit and Bakery to higher
China
levels of reliable, profitable growth;
maintain Canada growth • Pursue organic expansion in Southeast Asia
and attractive external development
• Continue to stabilize ANZ and restore
opportunities in promising markets/
moderate and profitable growth
categories
3 Build Global Brands, focused on key consumer need states
4 Leverage global capabilities and build sustainable business models
20
W E M U S T E X PA N D O U R B R A N D F O O T P R I N T
S U P P O R T E D BY G L O B A L C A PA B I L I T I E S
21
United States
“Baked in”
Goldfish Made
to Our Cookie Plans
with Organic
Wheat
Roll Out of
Tim Tam
Nationwide
22
Australia
60.4% Share of the
Total Biscuit Category
Source: IRI, Week Ending June 26, 2016
23
China
Continue to Increase Our
Marketing Investments
Ramp Up Our
e‐Commerce Presence
24
Indonesia
We Will Bring a
Second Site Online
and Implement
Capital Investments
25
We Will Expand
Our Brand Footprint
Across Faster‐growing
Channels and
Geographies…
While Also Improving
Our Margins
26