Mondelez International, Inc. (NASDAQ:MDLZ) Consumer Analyst Group of New York (CAGNY) Conference February 18, 2025 2:00 PM ET
Company Participants
Dirk Van de Put – Chairman & CEO
Luca Zaramella – CFO
Conference Call Participants
Unidentified Analyst
All right. If we can make our way back to our seats for our next presentation from Mondelez. And maybe before we get started, I’d like to just take a moment to thank Mondelez for sponsoring the break that is going to happen after this presentation. I think Andrew O’ Conor just gave us pretty good advice. No running, no pushing and watch the kids. So thank you.
The last five years, Dirk Van de Put and Luca Zaramella have pushed the growth in agenda at Mondelez, which was supported by portfolio change, organic investment and really deft management of the balance sheet. So — and the result has been the company’s compounded very good returns. So from here, like to have Dirk come up and give us an update on what’s going on at Mondelez
Dirk Van de Put
Thank you, Brian. Thank you for the kind introduction, and thanks to all of you for joining us today. Today, we’re pleased to provide an update on the continued progress against our long-term sustainable growth strategy. We’ll share our plans on how to navigate the near-term cocoa cost headwinds, and we’ll walk you through the robust chocolate strategy, which we believe will position us to emerge even stronger after this current cocoa crisis.
Then we’ll take a deep dive into cakes and pastries and with an attractive, strong adjacent category where Mondelez has a unique opportunity to win, and we do have a strong head start against our competitors. And then finally, Luca will provide an update on our value creation approach, focused on cash generation and a