Archer Daniels Midland Company (ADM) Barclays 18th Annual Global Consumer Staples Conference 2025 summary

Opening remarks and business performance

• Focused on controllable factors amid a dynamic environment, leading to significant improvements across business units.

• Q2 earnings per share reached $0.93, surpassing market expectations.

• Ag Services & Oilseeds performed in line with expectations, with strong setup for the second half and 2026.

• Carbohydrate Solutions maintained steady results through disciplined risk management.

• Nutrition business showed sequential quarterly improvements, aided by the restart of a key protein plant.

Portfolio optimization and cost reduction

• Exited or shut down non-strategic or underperforming units, including aquaculture in Ecuador and pet nutrition in Brazil.

• Consolidated specialty protein capacity by shutting down older facilities and optimizing newer ones.

• On track for $500–$750 million in aggregate cost reductions over 3–5 years, with $200–$300 million expected in the current year.

• Cost savings achieved through portfolio simplification, manufacturing improvements, and personnel reductions.

• Leveraged technology and R&D for operational efficiency and side-stream valorization.

Capital allocation and regulatory environment

• Capital focused on productivity, cost reduction, and internal innovation for best returns.

• Dividend increased for the 375th consecutive quarter, reflecting commitment to shareholder returns.

• Benefiting from regulatory clarity and tax incentives in biofuels and decarbonization.

• Expecting strong finish to 2025 and positive outlook for 2026 and beyond.