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 ...

Third Quarter 2022 Earnings Call Jim Zallie President and CEO James Gray Executive Vice President and CFO Opening ceremony for the Company's new state-of-the-art specialty starch facility in Shandong, China Non-GAAP Financial Measures This presentation provides information about adjusted diluted earnings per share ("adjusted EPS"), adjusted operating income, adjusted effective income tax rate, and other financial measures (collectively, the "nonGAAP financial measures") which are not measurements of financi ...

Ingredion Incorporated (NYSE:INGR) Q2 2022 Results Conference Call August 9, 2022 9:00 AM ET Company Participants Jason Payant - Head, IR Jim Zallie - CEO James Gray - CFO Conference Call Participants Adam Samuelson - Goldman Sachs Robert Moskow - Credit Suisse Ken Zaslow - BMO Seth Goldstein - Morningstar Ben Theurer - Barclays Ben Bienvenu - Stephens Operator Thank you for standing by, and welcome to the Ingredion Incorporated Second Quarter 2022 Earnings Conference Call. [Operator Instructions] As a remi ...

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 June 30, 2022 or ☐ 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) (708) 551-2600 (Registrant's ...

Financial Performance - Q1 2022 - Net sales increased by 17% to $1.892 billion, driven by strong price/mix management[9, 24, 25] - Adjusted operating income increased by 6% to $213 million[9, 24] - Adjusted diluted EPS increased to $1.95 per share, a $0.10 increase[24] Regional Performance - Q1 2022 - North America net sales increased by 24% to $1.2 billion, driven by strong price mix[12] - South America net sales decreased by 8% to $0.2 billion, but increased by 23% excluding Arcor JV impact[12] - Asia-Pacific net sales increased by 16% to $0.3 billion, or 21% excluding foreign currency impacts[12, 22] - EMEA net sales increased by 20% to $0.2 billion, or 28% excluding foreign currency impacts[12, 22] Strategic Growth Initiatives - Global Specialties net sales grew by 20%[14] - Plant-based protein sales increased by over 250%[14, 16] - Texturizing net sales grew by 13%[14] - Sugar reduction net sales grew by 28%[14] Full Year 2022 Outlook - The company anticipates adjusted EPS between $6.85 and $7.45[36] - Net sales are expected to be up low double-digits[36] - Adjusted operating income is expected to be up low double-digits[36]

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 March 31, 2022 or ☐ 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) Delaware (State or other jur ...