Financial Performance - Net sales for Q3 2023 increased by 1% to $2033 million compared to $2023 million in Q3 2022[27, 35] - Gross profit margin increased by 220 bps to 207% in Q3 2023 from 185% in Q3 2022[33, 35] - Reported diluted EPS increased to $236/share in Q3 2023 from $159/share in Q3 2022[35] - Adjusted diluted EPS increased by 15% to $233/share in Q3 2023 from $173/share in Q3 2022[35] - YTD net sales increased by 5% to $6239 million from $5959 million[52] - YTD gross profit margin increased by 240 bps to 216% from 192%[52] - YTD reported diluted EPS increased by $200/share to $763/share[52] - YTD adjusted diluted EPS increased by 24% to $745/share from $580/share[52] Regional Performance (Q3 2023) - North America net sales increased by 3%[37, 40] - South America net sales decreased by 8%[37, 40] - Asia-Pacific net sales decreased by 2%[37, 48] - EMEA net sales increased by 1%[37, 48] 2023 Full Year Outlook - Adjusted EPS is expected to be $905 to $945[58] - Cash from operations is expected to be $650 million to $750 million[58] - CAPEX is expected to be approximately $310 million[58] - Net sales are expected to be up mid-single-digits[65]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 5 Westbrook Corporate Center Westchester, Illinois 60154 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-13397 Ingredion Incorporated (Exact name of registrant as specified in its ...

• Softer volume demand across the food supply chain due to inventory rebalancing and consumers economizing • Continued focus on operational cost discipline and productivity initiatives 23 olde Creation Customer Co-Creation and Consumer Preferred Innovation Core Food and Industrial Ingredients Upcoming investor activities Toronto non-deal roadshow September 12, 2023 To supplement the consolidated financial results prepared in accordance with U.S. generally accepted accounting principles ("GAAP"), we use non- ...

Ingredion Incorporated (NYSE:INGR) Q2 2023 Earnings Conference Call August 8, 2023 9:00 AM ET Company Participants Noah Weiss - Vice President, Investor Relations Jim Zallie - President and Chief Executive Officer Jim Gray - Executive Vice President and Chief Financial Officer Conference Call Participants Ben Bienvenu - Stephens Inc Andrew Strelzik - BMO Capital Markets Cody Ross - UBS Ben Theurer - Barclays Operator Good day and thank you for standing by. Welcome to the Ingredion Second Quarter 2023 Earnin ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-13397 Ingredion Incorporated (Exact name of registrant as specified in its charter) Washington, D.C. 20549 Form 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 Delaware (State or other jurisdiction of incor ...

Financial Data and Key Metrics Changes - The company reported net sales of approximately $2.1 billion, up 13% year-over-year, with gross profit dollars growing 28% compared to the prior year, driven by effective pricing and customer mix management [59][25][32] - Adjusted operating income was $296 million, reflecting a significant increase from the previous year, while reported operating income was $291 million [32][25] - Adjusted earnings per share were $2.80, up significantly from the prior year, indicating strong profitability [32][25] Business Line Data and Key Metrics Changes - North America net sales increased by 16%, with operating income rising 33% to $207 million, driven by strong price mix management [63][25] - In South America, comparable net sales were up 7% year-over-year, with operating income increasing by 8% to $41 million, primarily due to favorable price mix [36][25] - EMEA saw a 21% increase in net sales, with operating income up 84% to $57 million, attributed to favorable contract pricing and lower inventory costs [37][25] Market Data and Key Metrics Changes - The company experienced a 6% decline in sales volume, impacted by economic slowdown and inventory rebalancing in certain sectors [61][25] - Foreign exchange impacts were a headwind of 3%, particularly affecting EMEA [61][25] - The Asia-Pacific region reported a 2% increase in net sales, with operating income up 27%, despite challenges in Pakistan [64][25] Company Strategy and Development Direction - The company is focused on expanding its specialty ingredient offerings, with a 20% increase in Clean & Simple ingredients and a 13% increase in texturizers [51][25] - A dynamic pricing tracker was implemented to manage input cost inflation effectively, contributing to improved margins [20][25] - The company aims to achieve 100% sustainable sourcing for Tier 1 crops by 2025, having reached 48% by the end of the quarter [31][25] Management's Comments on Operating Environment and Future Outlook - Management noted that inflation and consumer buying behavior are impacting demand, but they expect a gradual recovery in volumes throughout the year [11][25] - The company anticipates steady improvement in sales volume demand from Q1 levels in the second half of the year [34][25] - Management expressed confidence in the company's ability to navigate economic challenges and invest in growth opportunities [44][25] Other Important Information - The company paid $47 million in dividends during the first quarter and announced a quarterly dividend of $0.71 per share for the second quarter [66][25] - Capital expenditures for the full year are expected to be approximately $300 million, aligning with operational needs [41][25] Q&A Session Summary Question: Can you help us understand the puts and takes going forward? - Management acknowledged that while Q1 performance was strong, they expect softer sales volume in the upcoming quarters due to economic conditions and inventory adjustments [45][76] Question: How much of the volume decline is due to pricing actions versus economic conditions? - Management clarified that the volume decline was primarily due to economic slowdown and inventory rebalancing, rather than pricing actions leading to share erosion [106][107] Question: What is the outlook for corn costs in the back half of the year? - Management indicated that corn costs are expected to increase by 15% to 20% each quarter, with hedging practices in place to mitigate impacts [127][128] Question: How is the company managing fixed costs and production rates? - Management is closely monitoring production rates and fixed cost absorption, anticipating some challenges but expecting improvements in gross margins over the year [85][103] Question: What are the expectations for volume recovery? - Management expects a gradual pickup in volumes, particularly in the food and beverage sector, as customer inventories normalize [71][92]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Registrant's telephone number, including area code (708) 551-2600 For the fiscal year ended December 31, 2022 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-13397 INGREDION INCORPORATED (Exact name of registrant as specified i ...

Ingredion, Inc. (NYSE:INGR) Q4 2022 Earnings Conference Call February 8, 2023 9:00 AM ET Company Participants Noah Weiss - VP, IR James Zallie - President, CEO & Director James Gray - EVP & CFO Conference Call Participants Benjamin Theurer - Barclays Bank Adam Samuelson - Goldman Sachs Group Cody Ross - UBS Robert Moskow - Crédit Suisse Benjamin Bienvenu - Stephens Inc. Operator Good day, and thank you for standing by. Welcome to the Ingredion Incorporated Fourth Quarter and Full Year 2022 Earnings Conferen ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 or 5 Westbrook Corporate Center Westchester, Illinois 60154 (Address of principal executive offices) (Zip Code) ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1 ...

Ingredion Incorporated (NYSE:INGR) Q3 2022 Earnings Conference Call November 3, 2022 9:00 AM ET Company Participants Noah Weiss - Vice President-Investor Relations & Corporate Communications Jim Zallie - President & Chief Executive Officer Jim Gray - Executive Vice President & Chief Financial Officer Conference Call Participants Ken Zaslow - BMO Adam Samuelson - Goldman Sachs Rob Moskow - Credit Suisse Benjamin Theurer - Barclays Ben Bienvenu - Stephens Operator Good day, and thank you for standing by. Welc ...