The Kraft Heinz Company (KHC) Management Presents at Consumer Analyst Group of New York (CAGNY) Conference (Transcript)

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The Kraft Heinz Company (NASDAQ:KHC) Consumer Analyst Group of New York (CAGNY) Conference Transcript February 21, 2024 11:00 AM ET

Executives

Carlos Abrams-Rivera – Chief Executive Officer

Andre Maciel – Chief Financial Officer

Analysts

Andrew Lazar – Conference Chair, CAGNY, Barclays

Andrew Lazar

If we could find our seats, we’ll kick off our next presentation. Kraft Heinz will be our next company to present. And first off, please join me in thanking Kraft Heinz for the delicious lunch today and the tater tot condiment bar that’ll be out there all afternoon. Make your own condiment, it’s fun, trust me.

So Kraft Heinz company came together in 2015 from a merger led by Berkshire Hathaway and 3G. Today, Berkshire Hathaway remains the primary company shareholder, while 3G has fully exited the company, including all stock.

While the company has a 155-year heritage in the U.S., it also has a new CEO, who started just eight weeks ago in the current role. To talk about the future of Kraft Heinz, please welcome CEO, Carlos Abrams-Rivera; followed by CFO, Andre Maciel.

Carlos, over to you.

Carlos Abrams-Rivera

Well, thank you, Andrew, and what better place to be after eight weeks than here with you. So, listen, Andre and I are thrilled to be here today with you. And before we begin, please keep in mind that today’s presentations will include some forward-looking statements.

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 are now positioning Kraft Heinz to generate consistent top-tier returns.

To do this, we have extended our line of sight, looking to the next 10 years, to where consumer demand is going to go. With a sharp focus on our iconic brand and

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