Capital Allocation and Growth Strategy
Forward-Looking Statements
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
Many of these forward-looking statements can be identified by the use of words such as "anticipate," "assume," "believe," "continue,"
"estimate," "expect," "forecast," "future," "intend," "plan," "potential," "predict," "project," "strategy," "target" and similar terms, and
future or conditional tense verbs like "could," "may," "might," "should," "will" and "would," among others. These statements are made
based upon current expectations that are subject to risk and uncertainty. Because actual results may differ materially from those
contained in the forward-looking statements, you should not place undue reliance on the forward-looking statements when deciding
whether to buy, sell or hold the company's securities. Factors that could cause results to differ materially include, but are not limited
to: disruptions or inefficiencies in our supply chain due to the loss or disruption of essential manufacturing or supply elements or other
factors; issues or concerns related to the quality and safety of our products, ingredients or packaging, human and workplace rights,
and other environmental, social or governance matters; changes in raw material and other costs, along with the availability of
adequate supplies of raw materials; the company's ability to successfully execute business continuity plans to address changes in
consumer preferences and the broader economic and operating environment; selling price increases, including volume declines
associated with pricing elasticity; market demand for our new and existing products; increased marketplace competition; failure to
successfully execute and integrate acquisitions, divestitures and joint ventures; changes in governmental laws and regulations,
including taxes; political, economic, and/or financial market conditions, including with respect to inflation, rising interest rates, slower
growth or recession, and other events beyond our control such as the impacts on the business arising from the conflict between
Russia and Ukraine; risks and uncertainties related to our international operations; disruptions, failures or security breaches of our
information technology infrastructure and that of our customers and partners (including our suppliers); our ability to hire, engage and
retain a talented global workforce, our ability to realize expected cost savings and operating efficiencies associated with strategic
initiatives or restructuring programs; complications with the design or implementation of our new enterprise resource planning
system; and such other matters as discussed in our Annual Report on Form 10-K for the year ended December 31, 2022. All
information in this presentation is as of March 22, 2023. The company undertakes no duty to update any forward-looking statement
to conform the statement to actual results or changes in the company's expectations.
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