Exhibit 99.3
Team Talk Tuesday, April 25, 2017 For Internal use only.
Tom Hayes President & CEO Agenda Overview and Purpose
PURPOSE It starts with
RAISE THE WORLD’S expectations for how much good food can do Our Purpose is to
STRATEGY Which directs our
GROW OUR PORTFOLIO of protein - packed brands and deliver sustainable food at scale Our Strategy is to
Bold Strategic Steps T wo actions will refine our portfolio and position us for sustainable growth We are exploring the sale of three non - protein businesses to sharpen our focus We are acquiring AdvancePierre to expand our portfolio of protein packed, value added foods
Who Is AdvancePierre ? A leading producer of value - added proteins, sandwiches, snacks and convenience foods Products Channels Team Facilities 4K Headquartered in Blue Ash, Ohio FY16 Net Sales = $1.6B / EBITDA = $300MM - 7 food processing facilities - 2 sandwich assembly facilities - 2 sandwich assembly and bakery facilities - 3 distribution centers
Complementary Portfolios of Strong Brands
A Growth Story AdvancePierre’s recent growth has outpaced the category with significant growth across all operating segments
A Strong Cultural Fit Shared goals; sustainable, holistic solutions to food manufacturing and long - term growth
Stronger Together • Expect cost synergies of more than $200 million within three years
Leading for Tomorrow Future Focused Team NEW BRANDS NEW CAPABILITIES NEW GEOGRAPHIES
Leading for Tomorrow Future Focused Team Enhanced distribution channels Reaching a broader cross - section of consumers Consolidated manufacturing footprint Leading supplier to national and regional convenience stores and vending providers Natural extension of our supply chain Leading foodservices brands with high operator/distributor loyalty
Timing • Deal expected to close in the third quarter of our fiscal year
Today’s announcement Contributes to our mission to sustainably feed the world with the fastest growing portfolio of protein - packed brands
Grow Deliver Sustain
Team Talk Thank you! For Internal use only.