Mondelez International, Inc. (MDLZ)

Sector: Consumer Staples|Industry: Confectioners|Market Cap: $80.26B|Employees: 91K


Mondelēz International is one of the world's largest snack companies, with a core business focused on making and selling chocolate, biscuits, and baked snacks. The company's portfolio includes iconic global and local brands such as Oreo, Ritz, and Cadbury Dairy Milk. Mondelēz operates in over 150 countries, with a strong presence in both emerging and developed markets.

  1. Filings
  2. Company Profile

Business Summary

Mondelēz International is a global snack company that manufactures and sells chocolate, biscuits, and baked snacks, as well as gum & candy, cheese & grocery, and powdered beverages. The company's portfolio includes iconic global and local brands such as Oreo, Ritz, LU, CLIF Bar, Tate's Bake Shop, Cadbury Dairy Milk, Milka, and Toblerone. They operate in over 150 countries with a focus on growth, execution, culture, and sustainability. Their strategic plan prioritizes fast-growing core categories and leveraging their global footprint and strong brand portfolio.

Key Statistics

  • Employees: Approximately 91,000 (as of December 31, 2023)
  • Geographic Footprint: Operations in approximately 80 countries, products sold in over 150 countries
  • Headquarters: Chicago, Illinois
  • Founded: Not explicitly stated in the 10K
  • Number of locations/facilities: 148 manufacturing and processing facilities across 46 countries, 107 distribution centers and warehouses
  • Revenue: $36.0 billion (FY2023)
  • Market Capitalization: $99.2 billion (as of June 30, 2023, based on the aggregate market value of Class A Common Stock held by non-affiliates)
  • Key Subsidiaries/Brands: Oreo, Ritz, LU, CLIF Bar, Tate's Bake Shop, Cadbury Dairy Milk, Milka, Toblerone

Leadership

  • CEO: Dirk Van de Put
  • CFO: Luca Zaramella
  • Other Key Executives: Vinzenz P. Gruber (Executive Vice President and President, Europe), Deepak D. Iyer (Executive Vice President and President, Asia Pacific, Middle East and Africa), Stephanie Lilak (Executive Vice President and Chief People Officer), Mariano C. Lozano (Executive Vice President and President, Latin America), Daniel E. Ramos (Executive Vice President, Chief Research and Development Officer), Laura Stein (Executive Vice President, Corporate & Legal Affairs, General Counsel and Corporate Secretary), Gustavo C. Valle (Executive Vice President and President, North America)

Dirk Van de Put has served as CEO since November 2017 and Chairman of the Board since April 2018. Luca Zaramella has served as CFO since August 2018. Other executives have varied tenures and backgrounds in the food and beverage industry.

Key Financial Metrics

  • Annual Revenue: $36.0 billion (FY2023)
  • Net Income: $5.0 billion (FY2023)
  • Market Cap: $99.2 billion (as of June 30, 2023)
  • Total Assets: $71.4 billion (as of December 31, 2023)
  • Number of Employees: Approximately 91,000 (as of December 31, 2023)
  • Key Financial Highlights: Net revenues increased by 14.4% in 2023, and net earnings increased by 82.5% in 2023.

Products and Services

Mondelēz's brands span five product categories:

  • Biscuits & Baked Snacks: Includes cookies, crackers, salted snacks, snack bars, and cakes & pastries.
  • Chocolate: Includes various chocolate bars and products.
  • Gum & Candy: Includes various gum and candy products.
  • Beverages: Includes powdered beverages.
  • Cheese & Grocery: Includes cheese and other grocery items.

Key Business Segments

Mondelēz operates through four reportable segments:

  • Latin America: Includes operations in Latin American countries.
  • AMEA: Includes operations in Asia, Middle East, and Africa, excluding Australia, New Zealand and Japan.
  • Europe: Includes operations in Europe, excluding Russia, Ukraine, Türkiye, Kazakhstan, Georgia, Poland, Czech Republic, Slovak Republic, Hungary, Bulgaria, Romania, the Baltics and the East Adriatic countries.
  • North America: Includes operations in the United States and Canada.

The portion of net revenues generated outside the United States was 73.4% in 2023.

Business Strategy

Mondelēz aims to be the global leader in snacking by focusing on growth, execution, culture, and sustainability. Their strategic priorities include accelerating consumer-centric growth, driving operational excellence, building a winning growth culture, and scaling sustainable snacking. They focus on investing in both global and local brands, expanding into high-growth channels, and increasing their presence in under-represented segments and price tiers. They also emphasize digital commerce and a diverse workforce.

  • Key strategic initiatives: Accelerate consumer-centric growth, drive operational excellence, build a winning growth culture, scale sustainable snacking
  • Growth drivers: Leveraging global footprint, iconic brands, marketing, sales, distribution, and cost excellence capabilities
  • Investment priorities: Digital commerce, diverse workforce, and sustainability initiatives

Industry Context

Mondelēz operates in the highly competitive food and snacking industry. Key market trends include changing consumer preferences, increasing focus on well-being and sustainability, and the growth of digital commerce. The company competes with global, regional, and local competitors, including other food, snack, and beverage companies, as well as retailers with their own private label products. They focus on product quality, brand recognition, service, innovation, and meeting consumer preferences to maintain their market positions.

  • Market Position: One of the world's largest snack companies
  • Key Competitors: Global, regional and local food, snack, and beverage companies, including private label brands
  • Industry Trends: Changing consumer preferences, focus on well-being and sustainability, growth of digital commerce

Risk Factors

  • Market Risks: Volatility in commodity and other input prices, macroeconomic conditions including inflation, geopolitical uncertainty, and competition.
  • Operational Risks: Supply chain disruptions, cybersecurity breaches, and disruptions in manufacturing and distribution.
  • Financial Risks: Currency fluctuations, volatility in capital markets, interest rate changes, and access to capital.
  • Regulatory Risks: Compliance with various laws and regulations related to food safety, labeling, marketing, and environmental issues.

Last Updated

2024-02-02

(Generated from latest 10-K filing)