$MDLZ (Mondelez International, Inc.)

$MDLZ {{ '2016-07-27T22:50:32+0000' | timeago}} • Webcast

In 2Q16, $MDLZ delivered more than $500MM of free cash flow & improved its cash conversion cycle by 20 days to minus 4 days. The company said that it returned more than $1.8Bil to shareholders through 1H16 and repurchased more than $1.3Bil in shares at an average price of $41.07.

$MDLZ {{ '2017-08-02T19:09:31+0000' | timeago}} • Webcast

On margin performance front, $MDLZ said it continued to aggressively reduce cost in 2Q17, resulting in another quarter of strong adjusted OI margin expansion. Adjusted OI margin was 15.8%, up 90 bps. The company continues to execute its Zero-Based Budgeting program, which delivered cost reductions in both overheads and advertising spend.

$MDLZ {{ '2017-08-02T18:58:00+0000' | timeago}} • Webcast

The malware incident caused $MDLZ permanently lose some revenue due to shorter supply chains, mispromotions and lost consumption in some markets in 2Q17. Although the company has now restored the majority of the affected systems, it still anticipates some impacts in 3Q17. It will incur additional one-time costs related to the incident during 2H17.

$MDLZ {{ '2017-08-02T18:50:56+0000' | timeago}} • Webcast

$MDLZ experienced a disruption in its ability to ship and invoice during the last four days of 2Q17 due to a malware incident on June 27. As a result, organic net revenue growth was negatively affected by 2.4 percentage points. While the company is not yet back to normal, it expects to recover the majority of these delayed shipments in 3Q17.

$MDLZ {{ '2017-08-02T13:22:48+0000' | timeago}} • Announcement

$MDLZ has raised its quarterly cash dividend by 16% to $0.22 per share. During 2Q17, the company repurchased approx. $600MM of common stock and paid approx. $300MM in cash dividends.

$MDLZ {{ '2017-08-02T13:19:21+0000' | timeago}} • Announcement

$MDLZ sees its FY17 organic net revenue to increase at least 1%, with double-digit adjusted EPS growth on a constant-currency basis. In addition, the company expects FY17 free cash flow to be approx. $2Bil.

$MDLZ {{ '2017-08-02T13:11:53+0000' | timeago}} • Announcement

$MDLZ reported its 2Q17 results along with the announcements of dividend increase and new CEO appointment. The food producer posted a 7% YoY increase in earnings to $498MM, or $0.32 per share, while revenue fell 5% due to a cyber attack in its IT systems that led to shipping and invoicing delays. Earnings excluding items were $0.48 a share, up 12%.

$MDLZ {{ '2017-08-02T12:23:39+0000' | timeago}} • Infographic

$MDLZ Mondelez International Earnings AlphaGraphic: Q2 2017 Highlights

$MDLZ {{ '2017-08-02T11:54:18+0000' | timeago}} • Announcement

$MDLZ has appointed Dirk Van de Put, the current CEO of Canadian frozen food maker McCain Foods, to succeed Irene Rosenfeld as the company's CEO from Nov. 2017. Rosenfeld will continue as Chairman of the Board until March 31, 2018, at which point she will retire and Van de Put will assume the role of Chairman and CEO, the company said.

$MDLZ {{ '2017-07-06T22:24:53+0000' | timeago}} • Announcement

$MDLZ stated that based on the current assessment of the situation, it is reaffirming its full-year organic revenue growth outlook of at least 1% growth. The company expects to incur incremental one-time costs in 2Q17 and 3Q17 due to this issue, but the underlying margin progress is in line with the outlook of mid-16% for full-year 2017.

$MDLZ {{ '2017-07-06T22:24:36+0000' | timeago}} • Announcement

Given the timing of the cyberattack, $MDLZ experienced disruption in its ability to ship and invoice during the last four days of 2Q17. There are a few markets where $MDLZ permanently lost some of that revenue due to holiday feature timing, but the company expects to recognize the majority of these delayed shipments in 3Q17 results.

$MDLZ {{ '2017-07-06T22:24:16+0000' | timeago}} • Announcement

$MDLZ said it is making good progress in restoring its systems across the enterprise in the wake of the global cyberattack. The company believes the issue has been contained and a critical majority of the affected systems are up and running again. The preliminary estimate of the revenue impact is a negative 300BP on 2Q17 growth rate.

$MDLZ {{ '2017-05-02T22:33:06+0000' | timeago}} • Webcast

$MDLZ said that looking at commodities, there has been a significant move in cocoa prices. The hedge window for cocoa is longer than one would expect, driven by pricing in some of the key markets. Therefore, $MDLZ added that it does not necessarily have access to the current pricing in the market currently.

$MDLZ {{ '2017-05-02T22:19:42+0000' | timeago}} • Webcast

$MDLZ commented that on the CapEx forecast for 2017, it was of 4.5% of net revenue. The company also believes that the trend will move down below or about 4% getting into 2018.

$MDLZ {{ '2017-05-02T20:43:30+0000' | timeago}} • Announcement

$MDLZ said the Spanish Supreme Court decided a case related to the Cadbury acquisition in the company's favor in 1Q17. The company recorded a favorable earnings impact of $46MM in SG&A expenses and $12MM in interest and other expense. Total pretax impact was $58MM due to the reversal of Cadbury-related accrued liabilities related to this matter.

$MDLZ {{ '2017-05-02T20:34:01+0000' | timeago}} • Announcement

Since inception, $MDLZ has incurred total restructuring and related implementation charges of $2.7Bil related to the 2014-2018 restructuring program. The company has incurred the majority of the program's charges through 1Q17 and expects to complete the program by year-end 2018.

$MDLZ {{ '2017-05-02T20:30:00+0000' | timeago}} • Announcement

For 2017, $MDLZ expects organic net revenue to increase at least 1%. Adjusted EPS is expected to grow in double-digits on a constant-currency basis. The company estimates currency translation would reduce net revenue growth by approx. 1% and adjusted EPS by approx. $0.023. $MDLZ expects free cash flow to be approx. $2Bil.

$MDLZ {{ '2017-05-02T20:26:07+0000' | timeago}} • Announcement

$MDLZ reported a 13.7% increase in 1Q17 profit, aided by operating gains and $58MM gain on the settlement of a Cadbury tax matter. Net income attributable to company rose to $630MM or $0.41 per share from $554MM or $0.35 per share in the prior year quarter. Revenue was flat at $6.4Bil. Adjusted EPS was up 6% to $0.53 on a constant currency basis.

$MDLZ {{ '2017-04-18T15:51:23+0000' | timeago}} • Announcement

$MDLZ said Roberto Marques, EVP and President, North America, will leave the company. Tim Cofer, Chief Growth Officer, will serve as Interim President of the North American business, in addition to his current role spearheading the company's global growth strategy, while $MDLZ recruits a permanent successor to lead the region.

$MDLZ {{ '2017-02-22T12:56:50+0000' | timeago}} • Announcement

$MDLZ reaffirmed its 2017 organic net revenue growth outlook of at least 1% and adjusted operating income margin estimate in the mid-16% range. The company still predicts double-digit adjusted EPS growth on a constant-currency basis for 2017. $MDLZ expects 2017 free cash flow of about $2Bil.

$MDLZ {{ '2017-02-07T21:37:53+0000' | timeago}} • Announcement

On Dec. 1, 2016, $MDLZ completed the sale of a confectionery business in Costa Rica represented by a local brand. The sales price was $28MM and the company recorded a pre-tax gain of $9MM in 4Q16. In connection with this divestiture, $MDLZ incurred $2MM of transaction costs and accrued expenses.

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