IDEXX Laboratories, Inc. Investor Day August 15, 2024 Innovation-Driven Growth Strategy Jay Mazelsky President and Chief Executive Officer Spider & Shu Shu 2024 IDEXX Investor Day Agenda | Time Topic | | Length | | --- | --- | --- | | 8:00 – 8:05 am Welcome and | Introductions | 5 min | |  | Jay Mazelsky, President and Chief Executive Officer | | | 8:05 – 9:10 am | IDEXX Opportunity and Strategy | | |  Jay Mazelsky – | Innovation-Driven Growth Strategy | 45 min | |  Tina Hunt, PhD – | Strategy and Sector ...

Core Insights - Dutch Bros Inc. is focusing on innovation to enhance customer traffic and engagement across its expanding locations [2] - The company achieved a 1.3% same-shop transaction growth and a 29% revenue increase in Q1 2025, driven by creative limited-time offerings [3][10] Innovation and Menu Expansion - Dutch Bros introduced new limited-time offerings like Sweet Cereal Sips and the Spring Fever Dream Trio, which contributed to strong sales performance [3] - A new food pilot has expanded from 8 to 32 locations, testing hot protein items to attract more morning customers, with food currently making up less than 2% of sales [4] - The company aims to increase customer frequency and beverage attachment through this food initiative, with promising early results and plans for broader rollout in 2026 [4] Customer Engagement Strategies - The Dutch Rewards loyalty program accounts for 72% of transactions, while the Order Ahead service has reached 11% of total sales [5][10] - The innovation strategy is crucial for maintaining foot traffic amid increasing competition in the beverage sector [5] Competitive Landscape - Dutch Bros faces competition from Starbucks, which leads in beverage innovation and has a strong food menu, particularly in the morning segment [6] - Krispy Kreme is also expanding its offerings beyond doughnuts, focusing on coffee and limited-time beverages to drive customer frequency [7] Financial Performance and Valuation - Dutch Bros stock has decreased by 10% over the past month, contrasting with the industry and S&P 500 growth of 1.7% and 4.3%, respectively [8] - The company is trading at a premium with a forward 12-month price-to-sales ratio of 5.8X, above the industry average of 4.03X [11] - Earnings estimates for 2025 have slightly decreased from 61 cents to 59 cents per share over the past month [13]

Overview of Medtronic - Medtronic is organized around three major business portfolios, each averaging around $10 billion in scale, characterized by category leadership and technology differentiation [4][5]. Business Segmentation - The company has announced the separation of its diabetes business, which will be discussed further in the conference [4]. - The three business categories are defined by their scale, category leadership, and innovation-driven growth through technology differentiation [5].

Core Insights - Whirlpool Corporation is enhancing customer experience through continuous innovations aimed at simplifying daily tasks [1][5] - The company has launched the Spin&Load Rack, a 360° spinning dishwasher rack designed for ease of use in kitchens, developed in collaboration with the United Spinal Association [2][3] Product Details - The Spin&Load Rack features a highly inclusive design that allows easy access to all areas of the lower dishwasher rack, making loading and unloading more efficient [3] - This new accessory is compatible with all 24" Whirlpool dishwashers manufactured after 2018 and is priced at $149.99, available for purchase next month [4] Market Position and Challenges - Whirlpool has faced a decline in share price, with a 17.4% drop over the past three months, compared to a 16.7% decline in the industry [6] - The company is experiencing global demand softness and unfavorable price/mix, compounded by a challenging macroeconomic environment, including inflation and currency fluctuations [7] Future Outlook - Management anticipates similar market dynamics for the second quarter of 2025 as previously experienced, with increased competition and elevated marketing and technology investments potentially impacting margins [8]

DuPont de Nemours, Inc. (DD) benefits from its innovation-driven investment, productivity actions and the acquisitions of the Spectrum Plastics Group and Donatelle Plastics. However, weak prices and sizable separation costs are likely to impact its performance. DuPont, which is among the prominent players in the chemical space along with Dow Inc. (DOW) , Air Products and Chemicals, Inc. (APD) and Eastman Chemical Company (EMN) , remains focused on driving growth through innovation and new product developmen ...