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Investor Presentaiton

22 CONSISTENCY IN OUR STRATEGY Hormel Alimentos During 2009 the momentum on Hormel meats continued through support given at the point of sales with demo personnel and through combined offers. The Solo Doña María chicken bouillon was fully aligned to the Doña Maria brand strategy with commercials on TV, billboards and magazines and also tastings and sampling at the points of sale. Kikkoman Distribution During 2009 one of the most relevant activities of the brand was the introduction of the Ponzu soy sauce, which is naturally fermented and seasoned with citrus fruits in order to highlight and emphasize the flavor of any dish. Support for the Kikkoman sauces was maintained through the "Kikkoman invites you to the movies" promotion, tastings at the point of sales and a recipe book gift with all the presentations of the brand in order for the consumer to identify the use of soy sauce with all kinds of dishes and not only with those related to oriental cuisine. 59.3% 63.8% 66.6% 64.0% 12% Increase in volume sales La perfección se hace. Cost of Sales As % of Net Sales Food Service Food Service increased 12% its sales in tonnage during 2009 thanks to products such as mayon- naise in institutional size bag; one of the main products for this channel.
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