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| This, combined with the attractive dividend supports our target to deliver consistent double-digit TSR |
| Listen, at Kraft Heinz, more than so than ever, we’re looking ahead from our positions of strength and we’re excited that we have turned the corner in our transformation journey |
| We have three clear levers backing our growth in emerging markets; first, our go-to-market model; second, the incredible brand equity of Heinz; and third, our away-from-home business |
| We have made tremendous progress over the past year, strengthening each discipline |
| And what we do play in our Protect and Balance platform across North America retail and away-from-home, the Accelerated Platforms of Taste Elevation s, Easy Ready Meals and Substantial Snacking are the ones we expect will drive the strongest growth |
| Since then, we have successfully and fully deployed our new operating model, unlocking efficiencies to reinvest in the business and drive the topline, and in 2023, we accelerated profitable growth |
| When you look at our key performance metrics, we accelerated profitable growth, re-established investment levels and strengthened our balance sheet |
| It grew 14% in 2023 and gained share both in North America and international |
| We have also unlocked end-to-end efficiencies, empowered the organization with Agile@Scale methodology |
| Our global growth office will strengthen our marketing capabilities, deploy our superiority model, coordinate R&D investments and formulate disruptive innovation |
| So we brought in experienced leaders with new perspective, improved employee engagement and retention, and maintain a culture of ownership and meritocracy |
| With our financial, operational and cultural improvements, combined with our dividend yield and recently announced $3 billion share buyback program, driving overall shareholder value |
| We are seeing a lot of success in our away-from-home business |
| In our away-from-home business, we have significantly opportunity to capture share |
| We believe Kraft Heinz is uniquely positioned to be the leader in elevating and creating food solutions |
| We already have incredibly solid positioning here |
| Our mission to lead the future of food and meaningfully connect with consumers is gaining momentum |
| We’re making great progress and I’m excited to be on this journey to build superior brands |
| What gives me confidence is our ability to execute in that we have three competitive advantages that uniquely positions in the marketplace |
| These have resulted in improved ROI on promotions and expanded our share of shelf |
| The proof, we significantly improve our standing in 2023 Advantage Survey Rankings moving up eight spots |
| We anticipate the Substantial Snacking industry to grow at a 4% compounded annual growth rate, with the frozen snack industry growing even faster |
| With our newly created global omnichannel office, we’ll be better able to scale best practices, share wins across the world and move globally with even more speed and agility |
| And in 2023, we had our highest employee engagement score yet |
| Safe and delicious products that consumers trust and feel good about eating and serve it to those you love |
| And food that provides a good value to consumers across the globe |
| We expect these Accelerate Platforms to drive outside topline growth and generate higher growth margins |
| Our results today have been nothing short of impressive, as Agile@Scale meaningfully contributes to our annual growth efficiency each year |
| First, we have proven we can unlock efficiencies and fund our enablers of growth without sacrificing our overall profitability |
| I am proud to say this innovation won gold in the Environmental Packaging Awards |
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| For us, disrupting through marketing isn’t just a strategy, it is a special sauce and this movement all started with Heinz |
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