Ingredion (INGR) Investor Day 2025 summary

Strategic vision and transformation

• Transitioned from an ingredients company to a solutions provider, focusing on value creation, disciplined capital allocation, risk management, and operational excellence.

• Pursuing business transformation through portfolio optimization, innovation, and cost competitiveness to strengthen market leadership and maximize shareholder returns.

• Completed business resegmentation, divested non-core assets, and achieved record EBITDA, EPS, and cash, exceeding prior growth targets.

• Achieved record 2024 results: adjusted diluted EPS of $10.65 (+13% YoY), $1.4B cash from operations (+36% YoY), and gross profit margin of 24.1% (+270bps YoY).

• Emphasizes global reach with local expertise, leveraging deep customer relationships and diversified product mix across 16,000 customers in 22 countries.

Segment performance and growth outlook

• Texture and Healthful Solutions segment targets 4%-6% net sales growth and 28%-30% gross profit margins, with 8%-10% adjusted operating income CAGR (2025-2027), driven by clean label and innovation.

• LATAM segment leverages a century-long presence, local manufacturing, and a broad portfolio to target 2%-3% net sales growth and 26%-28% gross margins, with 5%-6% adjusted operating income CAGR.

• US-Canada segment focuses on stable cash generation, margin expansion (21%-23% gross margin), and portfolio diversification, targeting 0%-1% net sales CAGR and 1%-2% adjusted operating income CAGR.

• Industrial applications and sustainable packaging are growth areas, with investments in biodegradable binders and PFAS-free solutions.

• The 'Other' segment, including protein fortification and sugar reduction, is improving profitability and expected to contribute more significantly.

Innovation and operational excellence

• R&D investments focus on texture science, clean label, sugar reduction, protein technology, and AI-driven predictive formulation.

• Over 500 R&D associates in 30 labs drive $300M in annual new product sales, with 3% of Texture and Healthful Solutions sales reinvested in R&D.

• Proprietary data and advanced imaging techniques enable faster, more successful product launches and co-creation with customers.

• Launched new clean label texturizing fibers and piloted first-to-market texture solutions service.

• Operational excellence initiatives, including global procurement and supply chain optimization, have delivered millions in savings and improved service metrics.