McCormick & Company (MKC) investor relations material

Business performance and strategic direction

• Achieved seven consecutive quarters of volume-driven growth in the consumer segment, outpacing peers in a slow CPG environment.

• Focus remains on balancing volume growth and profitability, with continued investment in brands and innovation.

• Recent acquisition of McCormick de Mexico strengthens geographic presence in a key market.

• Confident in the outlook for 2026, emphasizing a global flavor company vision accelerated by the Unilever Foods transaction.

• Combined company targets 3%-5% top-line growth and 23%-25% adjusted operating margins by year three post-integration.

Integration planning and execution

• Integration management office established, led by experienced leadership, with 20 functional teams and over 200 people dedicated to the process.

• 80% of Unilever Foods operates standalone, easing separation; 20% requires more complex carve-out from One Unilever.

• Integration focus on top 10 markets, with tailored approaches for markets lacking direct presence.

• Key work streams include synergy realization, growth planning, and cultural alignment, with regular engagement across both organizations.

• More details on synergies, growth, and TSA plans to be shared by end of Q3.

Growth opportunities and portfolio strengths

• Combined portfolio leverages strong brands in high-growth categories, benefiting from global consumer trends.

• Unilever brings expertise in mayonnaise and bouillon, both experiencing robust global growth, especially among younger consumers and in urbanizing markets.

• Geographic mix shifts from 60% North America to a more balanced global footprint, with emerging markets rising from 25% to 40% of business.

• Significant cross-selling and expansion opportunities in food service and consumer channels.

• Brands like Maille, Cholula, and Frank's RedHot identified for global growth with further investment.