General Mills
General Mills
Annual Report 2012 Generating Balanced Growth
Generating Balanced Growth Our brands compete in large and growing food categories that are on-trend with consumer tastes around the world. We’re investing in our established brands while also developing new products. And we’re building our business in developed markets while increasing our presence in emerging markets worldwide. Our goal is to generate balanced, long-term growth.
General Mills at a Glance
U.S. Retail
Net Sales by Division
23% 20%
International
Net Sales by Region
10%
43%
$10.5 Billion
23% 20% 18% 15% 14% 8% 2% Big G Cereals Meals Pillsbury USA Snacks Yoplait USA Baking Products Small Planet Foods
2% 8% 18% 14%
$4.2 Billion
43% 24% 23% 10% Europe Asia/Pacific Canada Latin America
23%
15%
24%
Bakeries and Foodservice
Net Sales by Customer Type
30%
12%
Joint Ventures
Net Sales by Joint Venture
(not consolidated, proportionate share)
16%
$2.0 Billion
58% Bakeries & National Restaurant Accounts 30% Foodservice Distributors 12% Convenience Stores
$1.3 Billion
58% 84% Cereal Partners Worldwide (CPW) 16% Häagen-Dazs Japan (HDJ) 84%
Our Fiscal 2012 Financial Highlights
In millions, except per share and return on capital data 52 weeks ended May 27, 2012 52 weeks ended May 29, 2011
Change
Net Sales Segment Operating Profit a Net Earnings Attributable to General Mills Diluted Earnings per Share (EPS) Adjusted Diluted EPS, Excluding Certain Items Affecting Comparability b Return on Average Total Capital a Average Diluted Shares Outstanding Dividends per Share
$16,658 3,012 1,567 2.35 2.56 12.7% 667 $ 1.22
$14,880 2,946 1,798 2.70 2.48 13.8% 665 $ 1.12
+ 12% + 2 – 13 – 13 + 3 –110 basis pts. + 0 + 9
Net Sales
12 11 10 09 08
Dollars in millions 16,658 14,880 14,636 14,556 13,548
Segment Operating Profita
Dollars in millions 12 11 10 09 08 3,012 2,946 2,840 2,624 2,394
Adjusted Diluted Earnings per Shareb
Annual Report 2012 Generating Balanced Growth
Generating Balanced Growth Our brands compete in large and growing food categories that are on-trend with consumer tastes around the world. We’re investing in our established brands while also developing new products. And we’re building our business in developed markets while increasing our presence in emerging markets worldwide. Our goal is to generate balanced, long-term growth.
General Mills at a Glance
U.S. Retail
Net Sales by Division
23% 20%
International
Net Sales by Region
10%
43%
$10.5 Billion
23% 20% 18% 15% 14% 8% 2% Big G Cereals Meals Pillsbury USA Snacks Yoplait USA Baking Products Small Planet Foods
2% 8% 18% 14%
$4.2 Billion
43% 24% 23% 10% Europe Asia/Pacific Canada Latin America
23%
15%
24%
Bakeries and Foodservice
Net Sales by Customer Type
30%
12%
Joint Ventures
Net Sales by Joint Venture
(not consolidated, proportionate share)
16%
$2.0 Billion
58% Bakeries & National Restaurant Accounts 30% Foodservice Distributors 12% Convenience Stores
$1.3 Billion
58% 84% Cereal Partners Worldwide (CPW) 16% Häagen-Dazs Japan (HDJ) 84%
Our Fiscal 2012 Financial Highlights
In millions, except per share and return on capital data 52 weeks ended May 27, 2012 52 weeks ended May 29, 2011
Change
Net Sales Segment Operating Profit a Net Earnings Attributable to General Mills Diluted Earnings per Share (EPS) Adjusted Diluted EPS, Excluding Certain Items Affecting Comparability b Return on Average Total Capital a Average Diluted Shares Outstanding Dividends per Share
$16,658 3,012 1,567 2.35 2.56 12.7% 667 $ 1.22
$14,880 2,946 1,798 2.70 2.48 13.8% 665 $ 1.12
+ 12% + 2 – 13 – 13 + 3 –110 basis pts. + 0 + 9
Net Sales
12 11 10 09 08
Dollars in millions 16,658 14,880 14,636 14,556 13,548
Segment Operating Profita
Dollars in millions 12 11 10 09 08 3,012 2,946 2,840 2,624 2,394
Adjusted Diluted Earnings per Shareb