The Kraft Heinz Company (KHC) Presents at 2023 CAGNY Conference (Transcript)

Feb. 25, 2023 2:58 PM ETThe Kraft Heinz Company (KHC)1 Comment
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The Kraft Heinz Company (NASDAQ:KHC) 2023 CAGNY Conference Call February 21, 2023 11:00 AM ET

Company Participants

Miguel Patricio - CEO

Carlos Abrams-Rivera - EVP and President, North America

Rafael de Oliveira - EVP and Zone President, International Markets

Andre Maciel - EVP and Global CFO

Conference Call Participants

Jonathan Feeney - Consumer Edge Research

Jonathan Feeney

Welcome. If you can all find your seats, please. I'm Conference Co-Chair, Jonathan Feeney. I want to add my welcome to 2023 CAGNY. It's great to be back. Once again, we're very pleased to welcome the management of Kraft Heinz.

And before we get started, I want to take this opportunity to thank them very much for the launch of their sponsoring outside. It's going to be delicious and very much appreciated. Thank you.

I also want to note related to that, the management team will be taking their questions. They will be waiting for you out at the lunch. There'll be no formal Q&A in here. The lunch -- the questions will be taken out at lunch, so be ready for those.

One final reminder, we have a break. You can leave all your things here. Coty presents at 1:00 p.m. Be back in your seats at 1:00 p.m., but you could leave all your things securely in here.

So like I said, we're very pleased to welcome our next presenting company, Kraft Heinz. In 2019, they hired Miguel Patricio to turn around the company. In Miguel's words, the ambition was to transform Kraft Heinz by bringing together 2 forces, scale and agility.

Those forces could make the business much more relevant than it's been, much more efficient and deliver better results. Roughly 3 years, 1 pandemic and many, many points of inflation later, it's hard not to be impressed with the progress Kraft Heinz and its

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