Boca Raton, Fla., February 21, 2017 - During a presentation today at the
Consumer Analyst Group of New York (CAGNY) annual conference, Ingredion
Incorporated (NYSE: INGR) executives reviewed the strategy driving the Company's
success as a leading global supplier of ingredient solutions.
Ilene Gordon, chairman, president and CEO, told the audience of investors and
analysts that, "our success is anchored in a core value proposition of texture,
sweetness, and nutrition combined with an innovation focus aligned with key
market trends. Since implementing our strategic blueprint for growth seven years
ago, we have created outstanding shareholder value."
Jim Zallie, executive VP global specialties and president, Americas, explained
Ingredion's focus on global consumer trends, including natural and simple
ingredients, reduced sugar and convenience. "We collaborate with customers to
create solutions for on-trend products that win in the market place," he said.
Zallie also reviewed the high growth potential for texture ingredients. "Texture
is now as important a differentiator as flavor in foods. Our recent acquisition
of TIC Gums deepens and expands Ingredion's texture capabilities," he added.
Jorgen Kokke, senior VP and president Asia Pacific and EMEA, gave examples of
the various ways Ingredion's products create value for customers. "Consumers in
the Asia-Pacific region have a sweet tooth, but they're also increasingly
concerned about health and nutrition. With our broad portfolio of sweeteners, we
help dairy and beverage customers reduce sugars without compromising the
sweetness consumers want."
Jim Gray, VP of finance and CFO effective March 1, gave the financial results
and long-term outlook. "Our good performance and solid returns generate
consistent cash flow which is deployed to enhance value through capital
expenditures, acquisitions, dividends or share repurchases. Going forward, we
expect to continue to drive growth with a keen focus on our higher-value
specialty portfolio," he explained.
An audio webcast of the presentations, including sides, is available in the
Investors section of the Company's website, ingredion.com.
Ingredion Incorporated (NYSE: INGR) is a leading global ingredient solutions
provider. We turn grains, fruits, vegetables and other plant materials into
value-added ingredients and biomaterial solutions for the food, beverage, paper
and corrugating, brewing and other industries. Serving customers in over 100
countries, our ingredients make crackers crunchy, yogurts creamy, candy sweet,
paper stronger and add fiber to nutrition bars. Visit Ingredion.com to learn
This news release contains or may contain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. The Company intends
these forward-looking statements to be covered by the safe harbor provisions for
Forward-looking statements include, among other things, any statements regarding
the Company's prospects or future financial condition, earnings, revenues, tax
rates, capital expenditures, expenses or other financial items, any statements
concerning the Company's prospects or future operations, including management's
plans or strategies and objectives therefor and any assumptions, expectations or
beliefs underlying the foregoing.
These statements can sometimes be identified by the use of forward looking words
such as "may," "will," "should," "anticipate," "assume", "believe," "plan,"
"project," "estimate," "expect," "intend," "continue," "pro forma," "forecast,"
"outlook," "propels," "opportunity," "potential" or other similar expressions or
the negative thereof. All statements other than statements of historical facts
in this release or referred to in this release are "forward-looking statements."
These statements are based on current circumstances or expectations, but are
subject to certain inherent risks and uncertainties, many of which are difficult
to predict and are beyond our control. Although we believe our expectations
reflected in these forward-looking statements are based on reasonable
assumptions, stockholders are cautioned that no assurance can be given that our
expectations will prove correct.
Actual results and developments may differ materially from the expectations
expressed in or implied by these statements, based on various factors, including
the effects of global economic conditions, including, particularly, continuation
or worsening of the current economic, currency and political conditions in South
America and economic conditions in Europe, and their impact on our sales volumes
and pricing of our products, our ability to collect our receivables from
customers and our ability to raise funds at reasonable rates; fluctuations in
worldwide markets for corn and other commodities, and the associated risks of
hedging against such fluctuations; fluctuations in the markets and prices for
our co-products, particularly corn oil; fluctuations in aggregate industry
supply and market demand; the behavior of financial markets, including foreign
currency fluctuations and fluctuations in interest and exchange rates;
volatility and turmoil in the capital markets; the commercial and consumer
credit environment; general political, economic, business, market and weather
conditions in the various geographic regions and countries in which we buy our
raw materials or manufacture or sell our products; future financial performance
of major industries which we serve, including, without limitation, the food and
beverage, paper, corrugated, and brewing industries; energy costs and
availability, freight and shipping costs, and changes in regulatory controls
regarding quotas; tariffs, duties, taxes and income tax rates; particularly
United States tax reform; operating difficulties; availability of raw materials,
including potato starch, tapioca, gum arabic and the specific varieties of corn
upon which our products are based; our ability to develop or acquire new
products and a services at rates or of qualities sufficient to meet
expectations; energy issues in Pakistan; boiler reliability; our ability to
effectively integrate and operate acquired businesses; our ability to achieve
budgets and to realize expected synergies; our ability to complete planned
maintenance and investment projects successfully and on budget; labor disputes;
genetic and biotechnology issues; changing consumption preferences including
those relating to high fructose corn syrup; increased competitive and/or
customer pressure in the corn-refining industry; and the outbreak or
continuation of serious communicable disease or hostilities including acts of
terrorism. Factors relating to the acquisition of TIC Gums that could cause
actual results and developments to differ from expectations include: the
anticipated benefits of the acquisition, including synergies, may not be
realized; and the integration of TIC Gum's operations with those of Ingredion
may be materially delayed or may be more costly or difficult than expected.
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 of
these and other risks, see "Risk Factors" included in our Annual Report on Form
10-K for the year ended December 31, 2015 and subsequent reports on Forms 10-Q
Investors: Heather Kos, 708-551-2592
Media: Claire Regan, 708-551-2602
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ingredion Incorporated via GlobeNewswire
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