Ingredion (INGR) Update / Briefing November 14, 2024 07:00 AM ET Speaker0Are you ready for some texture? Good morning. My name is Noah Weiss, VP of Investor Relations for Ingredion, and welcome to our Bridgewater Innovation Center. And for those of you joining us online, welcome as well. Before we get too far into the presentations, we have some forward looking statements that we're going be making today that are covered by our safe harbor provisions.Just take a moment to take a look at this. We've got a gr ...

Texture Innovation Day November 14, 2024 Our forward-looking statements speak only as of the date on which they are made, and we do not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of the statement as a result of new information or future events or developments. If we do update or correct one or more of these statements, investors and others should not conclude that we will make additional updates or corrections. For a further description ...

Company Leadership and Strategy - Mark Karns appointed as Vice President of Corporate Development and M&A, effective December 2, 2024 [1] - Karns will lead a combined corporate strategy and M&A function to align and optimize Ingredion's strategic growth agenda [2] - Karns brings extensive experience in M&A, capital markets, and consulting, with a proven track record in consumer sectors including food and beverage [3][5] - Karns previously served as global head of M&A at Whirlpool Corporation and executed over 60 M&A and financing transactions during his tenure at Baird [5] Company Overview - Ingredion is a leading global ingredient solutions provider with 2023 annual net sales of approximately $8 billion [7] - The company serves customers in nearly 120 countries and operates Ingredion Idea Labs® innovation centers worldwide [7] - Ingredion transforms grains, fruits, vegetables, and other plant-based materials into value-added ingredient solutions for various markets including food, beverage, and industrial sectors [7] Leadership Vision - Karns aims to help Ingredion achieve its aspiration to be recognized as the go-to provider for texture and healthful solutions that "make healthy taste better" [4]

Financial Performance - Net sales decreased 8 percent to $1,870 million for Q3 2024 compared to $2,033 million for Q3 2023, primarily due to lower raw material costs and lost sales volume from the sale of the South Korea business[89]. - Operating income increased due to lower raw material and input costs, while net income attributable to Ingredion rose to $188 million from $158 million year-over-year[97]. - Gross profit margin increased to 26 percent for Q3 2024 compared to 21 percent for Q3 2023, driven by a 14 percent decrease in cost of sales to $1,391 million[90]. - Year-to-date net sales decreased 10 percent to $5,630 million, with a gross profit margin increase to 24 percent compared to 22 percent in the previous year[103][104]. Segment Performance - T&HS segment net sales remained flat at $600 million, with operating income increasing 12 percent to $96 million due to lower input costs[98][99]. - F&II - LATAM segment net sales decreased 6 percent to $620 million, but operating income increased 26 percent to $131 million due to lower input costs[100]. - F&II - U.S./Canada segment net sales decreased 9 percent to $548 million, while operating income increased 25 percent to $99 million[101]. Liquidity and Capital Expenditures - Total available liquidity as of September 30, 2024, was $2.5 billion, consisting of $1.3 billion in domestic liquidity and $1.2 billion in international liquidity[115][116]. - Capital expenditures and mechanical stores purchases amounted to $170 million year-to-date 2024, down from $233 million in the same period of 2023, with anticipated capital investment commitments for the remainder of 2024 between $310 million and $330 million[120]. Financing Activities - Cash used for financing activities was $601 million year-to-date 2024, compared to $301 million in year-to-date 2023, primarily due to a net $327 million reduction in commercial paper borrowings[121]. - Cash dividends paid to common stockholders increased to $156 million year-to-date 2024 from $143 million in year-to-date 2023, reflecting an increase in the quarterly dividend from $0.71 to $0.78 per share[122]. - The company repurchased 762 thousand shares of common stock at a net cost of $87 million year-to-date 2024, compared to 1.0 million shares at a net cost of $101 million in the same period of 2023[123]. - The company acquired shares in its subsidiary PureCircle for $40 million, increasing ownership to 98 percent as of September 30, 2024[123]. Tax and Accounting - Effective income tax rate increased to 30.8 percent for Q3 2024 from 13.5 percent for Q3 2023, influenced by an adverse ruling and changes in foreign tax credits[96]. - There have been no changes to critical accounting policies and estimates during year-to-date 2024[125]. Risk and Forward-Looking Statements - Forward-looking statements indicate expectations regarding future operations and financial conditions, but actual results may differ due to various risks and uncertainties[131]. - The company has not reported material changes in market risk disclosures related to interest rates, raw material and energy costs, and foreign currencies during year-to-date 2024[133]. - The company maintains a quarterly dividend policy, with potential risks affecting its continuation[131].

2024 26% 29% 2024 2.83 3.05 20% 31% 10.60 10.90 10.35 10.65 , Nov. 07, 2024 (GLOBE NEWSWIRE) -- Ingredion IncorporatedINGR 2024 Ingredion Jim Zallie " " " 11% " " Cost2Compete " " 2025 ''"Zallie * "GAAP" GAAP "II. GAAP " GAAP GAAP | --- | --- | --- | --- | |------------------------------------------------------------------|-------|-------------|-------------------| | Diluted Earnings Per Share (EPS) \n | | 3Q23 | 3Q24 | | Reported Diluted EPS | | $2.36 Â | $2.83 Â | | Impairment charges | Â | 0.10Â Â | 0.08 ...

Ingredion (INGR) came out with quarterly earnings of $3.05 per share, beating the Zacks Consensus Estimate of $2.58 per share. This compares to earnings of $2.33 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 18.22%. A quarter ago, it was expected that this food sweetener, starch and nutritional ingredient company would post earnings of $2.53 per share when it actually produced earnings of $2.87, delivering a surprise of 13.4 ...

Exhibit 99 NEWS RELEASE Ingredion Incorporated 5 Westbrook Corporate Center CONTACTS: Westchester, IL 60154 Investors: Noah Weiss, 773-896-5242 Media: Rick Wion, 708-209-6323 INGREDION INCORPORATED REPORTS STRONG THIRD QUARTER RESULTS AND RAISES FULL-YEAR OUTLOOK • Third quarter 2024 reported and adjusted* operating income increased 26% and 29% compared to prior year • Third quarter 2024 reported and adjusted EPS were $2.83 and $3.05, an increase of 20% and 31%, respectively • Raising guidance for full-year ...

WESTCHESTER, Ill., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Ingredion Incorporated (NYSE: INGR), a leading global provider of ingredient solutions to the food and beverage industry, invites the investment community to join Texture Innovation Day via webcast on November 14, 2024. This novel event will explore the vital role of texture in creating memorable food experiences for consumers and demonstrate how texture solutions drive innovation through functional, taste and affordability benefits. This live event will ...

Investors interested in stocks from the Food - Miscellaneous sector have probably already heard of Ingredion (INGR) and Danone (DANOY) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out. Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank puts an emphasis on earnings estimates and ...

Ingredion (INGR) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November ...