{ "docId": "019de516-f8f1-76e6-b5a6-10cb6c02e6cb", "docSlug": "8a327b2efba057bc234449d9d788bde9", "documentTitle": "Lamb Weston | Investor Day Presentation Deck | 114 slides", "authorId": "lamb-weston", "authorName": "Lamb Weston", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2023-10-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.2938006, "pageNumber": 3, "pageCount": 114, "prevPage": 2, "nextPage": 4, "slideType": "disclaimer", "function": "front_matter", "density": "overcrowded", "nDataPoints": 0, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de516-f8f1-76e6-b5a6-10cb6c02e6cb/3", "deckHref": "/decks/019de516-f8f1-76e6-b5a6-10cb6c02e6cb", "deckJsonHref": "/decks/019de516-f8f1-76e6-b5a6-10cb6c02e6cb.json", "deckAnchorHref": "/decks/019de516-f8f1-76e6-b5a6-10cb6c02e6cb#slide-3", "components": [ { "bbox": { "h": 0.039, "w": 0.099, "x": 0.86, "y": 0.809 }, "kind": "image", "text": "Lamb Weston logo", "attrs": {}, "subkind": "logo", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "f7814135-c801-49ac-af4e-e19545047217", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.201, "w": 0.874, "x": 0.058, "y": 0.283 }, "kind": "paragraph", "text": "Important Notice\nThis presentation contains forward-looking statements within the meaning of the federal securities laws. Words such as “expect,” “execute,” “enhance,” “enable,” “optimize,” “expand,” “deliver,” “drive,” “provide,” “leverage,” “capitalize,” “grow,” “invest,” “increase,” “improve” “accelerate,” “support,” “create,” “manage,” “outlook,” “target,” and variations of such words and similar expressions are intended to identify forward-looking statements. Examples of forward-looking statements include, but are not limited to, statements regarding the Company's strategies, plans, execution, capital expenditures and investments, pricing actions, gross margins, productivity, integration of Lamb-Weston/Meijer, innovation, sustainability goals, capital allocation and business and financial outlook and prospects, as well as inflation, the Company's industry, and global economic conditions. These forward-looking statements are based on management's current expectations and are subject to uncertainties and changes in circumstances. Investors should understand that these statements are not guarantees of performance or results. Many factors could affect these forward-looking statements and the Company's actual financial results and cause them to vary materially from the from the expectations contained in the forward-looking statements. Investors should refer to the Company's Annual Report on Form 10-K for the year ended May 28, 2023, and the Company's other filings with the SEC for a discussion of such factors and certain risks and uncertainties to which the Company is subject. The Company cautions readers not to place undue reliance on any forward-looking statements included in this presentation, which speak only as of the date of this presentation. The Company undertakes no responsibility for updating these statements, except as required by law.", "attrs": {}, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "758d01fe-fb2d-4743-8b5c-33ad834a8594", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.08, "w": 0.874, "x": 0.058, "y": 0.494 }, "kind": "paragraph", "text": "In addition to U.S. GAAP financial information, this presentation includes certain non-GAAP financial measures that should be viewed in addition to, and not as an alternative for, financial measures prepared in accordance with GAAP. These non-GAAP measures are not substitutes for their comparable GAAP financial measures, such as net income or other measures prescribed by GAAP, and there are limitations to using non-GAAP financial measures. For example, the non-GAAP financial measures included in this presentation may differ from similarly titled non-GAAP financial measures presented by other companies, and other companies may not define these non-GAAP financial measures the same way as the Company does.", "attrs": {}, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "832b9cd4-e4b8-4cc9-a8d3-7f7bf4aad91f", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.874, "x": 0.058, "y": 0.729 }, "kind": "paragraph", "text": "This presentation also contains statistical data that has been obtained from industry publications and reports generated by third parties. Although the Company believes that the publications and reports are reliable, the Company has not independently verified this statistical data and, accordingly, cannot guarantee its accuracy or completeness.", "attrs": {}, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "9efd4b27-8fc4-42fd-b2f9-899c34556872", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.14, "w": 0.874, "x": 0.058, "y": 0.584 }, "kind": "paragraph", "text": "Management uses these non-GAAP financial measures to assist in analyzing what management views as the Company's core operating performance for purposes of business decision-making. Management believes that presenting these non-GAAP financial measures provides investors with useful supplemental information because they (i) provide meaningful supplemental information regarding financial performance by excluding certain items affecting comparability between periods, (ii) permit investors to view performance using the same tools that management uses to budget, make operating and strategic decisions, and evaluate historical performance, and (iii) otherwise provide supplemental information that may be useful to investors in evaluating the Company's financial results. In addition, the Company believes that the presentation of these non-GAAP financial measures, when considered together with the most directly comparable GAAP financial measures and the reconciliations to those GAAP financial measures, provides investors with additional tools to understand the factors and trends affecting the Company's underlying business than could be obtained absent these disclosures. Please see the reconciliation of non-GAAP financial measures to the most directly comparable GAAP measure set forth in the Appendix to this presentation.", "attrs": {}, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "ad78fe2d-e709-42d5-a33a-ba7534ea2497", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.01, "w": 0.201, "x": 0.029, "y": 0.836 }, "kind": "source-note", "text": "3 | © 2023 Lamb Weston, Inc. All Rights Reserved", "attrs": {}, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "080932e7-65f0-460a-ac5b-3ed01e36a2a2", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.01, "w": 0.114, "x": 0.444, "y": 0.836 }, "kind": "source-note", "text": "Lamb Weston, Inc. 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