Archer-Daniels-Midland Company (ADM) Management Presents at Stifel 2021 Virtual Cross Sector Insight Conference (Transcript)

Archer-Daniels-Midland Company (NYSE:ADM) Stifel 2021 Virtual Cross Sector Insight Conference June 9, 2021 1:20 PM ET

Company Participants

Ray Young - CFO

Conference Call Participants

Vincent Anderson - Stifel

Vincent Anderson

All right, thank you everyone for joining us today. My name is Vincent Anderson, I'm Director of Materials Researcher at Stifel. And I'm very thrilled to be hosting again, Ray Young from Archer-Daniels-Midland, CFO. Ray, would you like to make some opening remarks?

Ray Young

Yes, thanks, Vincent. And good afternoon everyone. Good to be with you at this conference again, albeit virtual again. So I'll just say a few words and then we'll open up for Q&As.

Before we start just like to remind people about our Safe Harbor statement that you can find in our website. So many of you folks are familiar with ADM. Like we're a global agribusiness, global commodity merchandiser, but as many of you know we've undertaken a major change over the last 5 years.

And so, when you think about ADM today, we are the premier global nutrition company with a complete portfolio of ingredients and solutions for food and beverages. We're a global food supply chain manager, matching needs locally with parts - different parts of the world.

And we're also an innovator in sustainable solutions, which is very important, especially as consumers are a lot more sensitive about kind of where their products are coming from. And then you're seeing that we're a lot more technology focused as well, being more agile, being close to the customers in order to shape our offerings.

And just want to remind people, this transformation did not happen overnight. We started 10 years ago and we started in 2011 with what we call the three Cs, capital discipline, cost reduction, cash generation, in order to make sure that we are