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SLE Sara Lee Sep 2009 Presentation Part 1

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8/14/2019 SLE Sara Lee Sep 2009 Presentation Part 1

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8/14/2019 SLE Sara Lee Sep 2009 Presentation Part 1

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8

Roro Cii BmrpmrotdmlGiit tfi Goloaigilt 8::4

Riptighir ?5, 8::4

8/14/2019 SLE Sara Lee Sep 2009 Presentation Part 1

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2

Emrwor`-cmmndla stotigilt

Qi boutdml ymu tfot mur rigorns tfds gmrldla bmltodl emrwor`-

cmmndla stotigilts ohmut RCI—s euturi mpirotdmls, edlolbdoc

piremrgolbi ol` husdliss bml`dtdmls. Pfisi emrwor`-cmmndla

stotigilts ori hosi` ml burriltcy ovodcohci bmgpitdtdvi, edlolbdoc

ol` ibmlmgdb `oto, os wicc os goloaigilt—s vdiws ol`

ossugptdmls riaor`dla euturi ivilts. Rubf emrwor`-cmmndla

stotigilts ori dlfiriltcy ulbirtodl, ol` dlvistmrs gust ribmaldzitfot obtuoc risucts goy `deeir ermg tfmsi ixprissi` mr dgpcdi` dl

tfisi stotigilts. Bmlsiquiltcy, D lii` tm boutdml ymu lmt tm

pcobi ul`ui ricdolbi ml emrwor`-cmmndla stotigilts. Qi fovi

prmvd`i` o``dtdmloc dlemrgotdml dl mur Emrg ?:-N emr edsboc 8::4 tfot D

ilbmuroai ymu tm rivdiw bmlbirldla eobtmrs tfot bmuc` bousi obtuoc

risucts tm `deeir gotirdoccy ermg tfisi emrwor`-cmmndla stotigilts

8/14/2019 SLE Sara Lee Sep 2009 Presentation Part 1

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Pm`oy—s oail`o

• Rtrotiadb mvirvdiw

 ‒  Hril`o Horlis, Bfodrgol ol` BIM

• Zrmkibt Obbiciroti

 ‒  Gorn Aorviy, RUZ ol` Dltirdg BEM

• Dltirlotdmloc Hiviroai ol` Honiry

 ‒  Eroln vol Mirs, BIM Dltirlotdmloc Hiviroai ol` Honiry

• Lmrtf Ogirdbol Xitodc ol` Emm`sirvdbi

 ‒  BK Erocidaf, BIM LO Xitodc ol` Emm`sirvdbi

 ‒  Zfdcdppi Rbfodccii, RUZ ol` Bfdie Gornitdla Meedbir 

• Lmrtf Ogirdbol Erisf Honiry ‒  Kdg Lmcol, BIM LO Erisf Honiry

• Ruggory ol` _&O

 ‒  Hril`o Horlis ol` occ spionirs

 ‒  Pmg Foyis, Zrisd`ilt LO Emm`sirvdbi

 ‒  Gmlty Zmmciy, Zrisd`ilt LO Xitodc

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Roro Cii Bmrpmrotdml

Hril`o HorlisBfodrgol ol` BIM

8/14/2019 SLE Sara Lee Sep 2009 Presentation Part 1

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Roro Cii ot o acolbi

• Acmhoc bmlsugir prm`ubts golueobturir ol`gornitir wdtf strmla hrol`s ol` o trobn ribmr`

me dllmvotdml• Cio`ir dl bmeeii, giot, honiry ol` fmusifmc`

ol` hm`y bori prm`ubts

• Edsboc 8::4 o`kusti` lit socis me $?8.6 hdccdml

• 0?,::: igpcmyiis

Lmti; –O`kusti`‗ lughirs ori lml-AOOZ edlolbdoc giosuris. Rii tohci ot tfi il` me tfds prisiltotdml ̀ ibn emr oribmlbdcdotdml tm ripmrti` lughirs.

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Roro Cii—s coraist hrol`s

$80: gdccdml $828 gdccdml

$260 gdcc dml$00: gdccdml $290 gdccdml $202 gdccdml

$6:6 gdcc dml$?.8 hdccdml $552 gdccdml $989 gdccdml

8/14/2019 SLE Sara Lee Sep 2009 Presentation Part 1

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Mur gm`ic ds wmrndla

• Dgprmvdla risucts

• Cio`dla hrol`s• Rubbisseuc ml-tril` dllmvotdml

• Rtrmla bustmgir portlirsfdps

• Rdaldedbolt bmst ri`ubtdml ol` prm`ubtdvdty aodls

Zmsdtdmli` tm armw

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Roro Cii erogiwmrn

XIRYCPR

NIT RPXOPIADIR

MZIXOPDMLOCIVBICCILBI

• Gmri ieedbdilt• Cmwir bmsts

• Rdgpcdey

BYRPMGIXIVBICCILBI

• Zrieirri` suppcdir • Botiamry goloair 

• Zortlir 

BMLRYGIXEMBYR

• Ariot hrol`s• Dllmvotdvi prm`ubts

• Ieeibtdvi gornitdla

ZIMZCI

• Pocilt Goloaigilt

• Bucturi

8/14/2019 SLE Sara Lee Sep 2009 Presentation Part 1

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?:

Roro Cii erogiwmrn

BMLRYGIXEMBYR

• Dllmvotdml• Gornitdla

BMLRYGIXEMBYR

• Ariot hrol`s• Dllmvotdvi prm`ubts

• Ieeibtdvi gornitdla

BYRPMGIXIVBICCILBI

• Zrieirri` suppcdir • Botiamry goloair 

• Zortlir 

MZIXOPDMLOCIVBICCILBI

• Gmri ieedbdilt• Cmwir bmsts

• Rdgpcdey

ZIMZCI

• Pocilt Goloaigilt

• Bucturi

XIRYCPR

NIT RPXOPIADIR

8/14/2019 SLE Sara Lee Sep 2009 Presentation Part 1

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??

Pmtoc o`kusti` lit socis dlbriosi

Lmti; –O`kusti`‗ lughirs ori lml-AOOZ edlolbdoc giosuris. Rii tohci ot tfi il` me tfds prisiltotdml ̀ ibn emr oribmlbdcdotdml tm ripmrti` lughirs.

??,421

?8,620

ET:1 ET:4

+1.9%

$ dl gdccdmls

8/14/2019 SLE Sara Lee Sep 2009 Presentation Part 1

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?8

 O`kusti` lit socis

ET:4 bfolaivirsus ET:1

LO Xitodc +4.8%

LO Emm`sirvdbi +8.2%

LO Erisf Honiry +?6.5%

Dltirlotdmloc Hiviroai +??.8%

Dltirlotdmloc Honiry -2.2%Dlt. Fmusifmc` ol` Hm`y Bori :%

Lmti; –O`kusti`‗ lughirs ori lml-AOOZ edlolbdoc giosuris. Rii tohci ot tfi il` me tfds prisiltotdml ̀ ibn emr oribmlbdcdotdml tm ripmrti` lughirs.

8/14/2019 SLE Sara Lee Sep 2009 Presentation Part 1

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?2

Pmtoc o`kusti` lit mpirotdla dlbmgi dlbriosi

Lmti; –O`kusti`‗ lughirs ori lml-AOOZ edlolbdoc giosuris. Rii tohci ot tfi il` me tfds prisiltotdml ̀ ibn emr oribmlbdcdotdml tm ripmrti` lughirs.

66?

?,:88

ET:1 ET:4

+?5.?%

$ dl gdccdmls

Dlbcu`is opprmxdgoticy-$8: gdccdml mebmggm`dty gorn-tm-gornit vordolbi

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?9

 O`kusti` iorldlas pir sfori armwtf

Lmti; –O`kusti`‗ lughirs ori lml-AOOZ edlolbdoc giosuris. Rii tohci ot tfi il` me tfds prisiltotdml ̀ ibn emr oribmlbdcdotdml tm ripmrti` lughirs.

$:.15

$:.6? $:.68

 $.60-.4:

ET:1 ET:6 ET:4 ET?:I

8/14/2019 SLE Sara Lee Sep 2009 Presentation Part 1

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?5

ET?: o`kusti` iorldlas pir sfori armwtf

Lmti; Bfort ds lmt tm sboci ol` dltil`i` tm hi `dribtdmloc mlcy

Mpirotdmlocdgprmvigilt

92r`

wiinZrmkibt

 ObbicirotiZilsdml Bmlsugir  

dlvistgilt

ET:4

ET?:I

+$.:8-.:6pir sfori

8/14/2019 SLE Sara Lee Sep 2009 Presentation Part 1

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?1

Bosf ermg mpirotdmls armwtf

048

5:5

4::

 1::-6::

ET:1 ET:6 ET:4 ET?:I

$ dl gdccdmls

8/14/2019 SLE Sara Lee Sep 2009 Presentation Part 1

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?6

Roro Cii erogiwmrn

BMLRYGIXEMBYR

• Dllmvotdml• Gornitdla

XIRYCPR

BMLRYGIXEMBYR

• Ariot hrol`s

• Dllmvotdvi prm`ubts

• Ieeibtdvi gornitdla

BYRPMGIXIVBICCILBI

• Zrieirri` suppcdir • Botiamry goloair 

• Zortlir 

MZIXOPDMLOCIVBICCILBI

• Gmri ieedbdilt• Cmwir bmsts

• Rdgpcdey

ZIMZCI

• Pocilt Goloaigilt

• Bucturi

NIT RPXOPIADIR

8/14/2019 SLE Sara Lee Sep 2009 Presentation Part 1

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?4

Rtrotiadis tm `icdvir sforifmc`ir vocui

• Embus rismurbis dl bmri botiamrdis ol`aimaropfdis

• Ixpol` dl fdaf armwtf `ivicmpdla gornits

• Ixdt lml-bmri husdlissis

• Xi`ubi bmsts, dgprmvi ieedbdilby, sdgpcdey

• Brioti o fdaf piremrgolbi bucturi

• Ysi G&O os o tmmc

Iobf siagilt fos o rmci dl ailirotdla

8/14/2019 SLE Sara Lee Sep 2009 Presentation Part 1

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8:

Iobf siagilt fos o rmci dl ailirotdladlbrigiltoc prmedt

     G     O     X     A     D     L

ROCIR AXMQPF

Dlt.Honiry

LOErisf

LO Emm`-sirvdbi

LOXitodc

Dlt.F&HB

Dlt.Hiviroai

8/14/2019 SLE Sara Lee Sep 2009 Presentation Part 1

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8?

Mur dlvistgilt prdmrdtdis

GOZ BOZIV G&O

Dltirlotdmloc HiviroaiDltirlotdmloc Fmusifmc`ol` Hm`y Bori

Dltirlotdmloc Honiry

LO Xitodc

LO Emm`sirvdbi

LO Erisf Honiry

Fdaf prdmrdty Zrdmrdty Cmw prdmrdty

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88

Rtrotiadis tm `icdvir sforifmc`ir vocui

• Embus rismurbis dl bmri botiamrdis ol`aimaropfdis

• Ixpol` dl fdaf armwtf `ivicmpdla gornits

• Ixdt lml-bmri husdlissis

• Xi`ubi bmsts, dgprmvi ieedbdilby, sdgpcdey

• Brioti o fdaf piremrgolbi bucturi

• Ysi G&O os o tmmc

8/14/2019 SLE Sara Lee Sep 2009 Presentation Part 1

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82

Ixpol`dla dl fdaf armwtf aimaropfdis

Hrozdc

Xussdo

Dl`do

Zmcol`

Bzibf Xipuhcdb

Pfodcol`

Zfdcdppdlis

Fulaory

8/14/2019 SLE Sara Lee Sep 2009 Presentation Part 1

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80

Rtrotiadis tm `icdvir sforifmc`ir vocui

• Embus rismurbis dl bmri botiamrdis ol`aimaropfdis

• Ixpol` dl fdaf armwtf `ivicmpdla gornits

• Ixdt lml-bmri husdlissis

• Xi`ubi bmsts, dgprmvi ieedbdilby, sdgpcdey

• Brioti o fdaf piremrgolbi bucturi

• Ysi G&O os o tmmc

8/14/2019 SLE Sara Lee Sep 2009 Presentation Part 1

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89

Xibilt husdliss ixdts

• Emm`sirvdbi Roubis ol` @rissdlas ‒  Olluocdzi` socis 7 $9: gdccdml

• Emm`sirvdbi @R@ Xmuti Bmeeii ‒  Olluocdzi` socis 7 $89: gdccdml

• Xitodc ol` Emm`sirvdbi bmggm`dty giots

8/14/2019 SLE Sara Lee Sep 2009 Presentation Part 1

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85

Rtrotiadis tm `icdvir sforifmc`ir vocui

• Embus rismurbis dl bmri botiamrdis ol`aimaropfdis

• Ixpol` dl fdaf armwtf `ivicmpdla gornits

• Ixdt lml-bmri husdlissis

• Xi`ubi bmsts, dgprmvi ieedbdilby, sdgpcdey

• Brioti o fdaf piremrgolbi bucturi

• Ysi G&O os o tmmc

8/14/2019 SLE Sara Lee Sep 2009 Presentation Part 1

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81

Rtrotiadis tm `icdvir sforifmc`ir vocui

• Embus rismurbis dl bmri botiamrdis ol`aimaropfdis

• Ixpol` dl fdaf armwtf `ivicmpdla gornits

• Ixdt lml-bmri husdlissis

• Xi`ubi bmsts, dgprmvi ieedbdilby, sdgpcdey

• Brioti o fdaf piremrgolbi bucturi

• Ysi G&O os o tmmc

8/14/2019 SLE Sara Lee Sep 2009 Presentation Part 1

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86

 Ocdaldla mur bucturi

Hiemri Lmw

@ibiltrocdzi` Ocdali` husdlissis

Rdcm hifovdmr Bmccohmrotdvi

Dltirloccy embusi` Gornit/bmlsugir embusi`

Iltdtcigilt gdl`sit Ziremrgolbi/obbmultohdcdty

Dlbmlsdstilt vdiw me bucturi Bmggml vdiw me bucturi

Gdldgoc trodldla/

`ivicmpgilt

Rdaldedbolt trodldla/

`ivicmpgilt

8/14/2019 SLE Sara Lee Sep 2009 Presentation Part 1

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84

Rtrotiadis tm `icdvir sforifmc`ir vocui

• Embus rismurbis dl bmri botiamrdis ol`aimaropfdis

• Ixpol` dl fdaf armwtf `ivicmpdla gornits

• Ixdt lml-bmri husdlissis

• Xi`ubi bmsts, dgprmvi ieedbdilby, sdgpcdey

• Brioti o fdaf piremrgolbi bucturi

• Ysi G&O os o tmmc

8/14/2019 SLE Sara Lee Sep 2009 Presentation Part 1

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2:

Yp`oti ml Fmusifmc` ol` Hm`y Bori

• Ixpcmrdla strotiadb mptdmls

• Cmmndla emr hist riturl tm RCI sforifmc`irs

• Qdcc prmvd`i ol up`oti dl tfi lior euturi

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28

Godltodldla tfi ̀ dvd`il`

• Hmor` dltil`s tm niip quortircy `dvd`il` ot $:.??emr tfi lixt emur quortirs

R e

8/14/2019 SLE Sara Lee Sep 2009 Presentation Part 1

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22

Roro Cii erogiwmrn

BMLRYGIXEMBYR

• Ariot hrol`s• Dllmvotdvi prm`ubts

• Ieeibtdvi gornitdla

NIT RPXOPIADIR

MZIXOPDMLOCIVBICCILBI

• Gmri ieedbdilt• Cmwir bmsts

• Rdgpcdey

BYRPMGIXIVBICCILBI

• Zrieirri` suppcdir • Botiamry goloair 

• Zortlir 

XIRYCPR

ZIMZCI

• Pocilt Goloaigilt

• Bucturi

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20

Roro Cii Bmrpmrotdml

Gorn AorviyRUZ ol` Dltirdg BEM

Z k t O c t ` t

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29

Zrmkibt Obbiciroti up`oti

• Lixt ailirotdml me bmst ri`ubtdml/ieedbdilbydgprmvigilt

• Xopd` prmariss hidla go`i

• Ixpibt olluocdzi` sovdlas me $29: tm $0:: gdccdml

hy ET?8

Zrmkibt Obbiciroti fos bmgpoly-wd`id dtd td dtf t ded td

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25

dldtdotdvis wdtf siagilt-spibdedb ixibutdml

RA&OXi`ubtdml

Husdliss ZrmbissMutsmurbdla;

DP & Edlolbi

Husdliss ZrmbissMutsmurbdla;

Dl`dribt Zrmburigilt

RuppcyBfodl

Zrmkibt Obbiciroti `icdvirss hstoltdoc bmst so dlas

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21

suhstoltdoc bmst sovdlas

$ dl gdccdmls ET:4 ET?:I ET?8I+

 Olluocdzi`hiliedts

$9: $?::-?9: $29:- 0::

Bugucotdvibmsts

$?0: LO $2::+

Emul`otdml cod` emr HZM

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26

Emul`otdml cod` emr HZM

• @oto biltirs goloai` hy FZ

• Picibmgguldbotdmls bmlsmcd`oti` wdtf OP&P

• DHG tm fol`ci oppcdbotdml `ivicmpgilt &godltilolbi

• Civiroais stol`or`dzi` prmbissis ol` DPdlerostrubturi

Bcmsir cmmn ot HZM

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24

Bcmsir cmmn ot HZM

• Coraist sovdlas mppmrtuldty

• Rdlaci prmvd`ir; ‒ Edlolbdoc trolsobtdml prmbissdla

 ‒ Dl`dribt prmburigilt trolsobtdml prmbissdla

 ‒ Acmhoc `otobiltir goloaigilt

 ‒  Oppcdbotdml `ivicmpgilt ol` suppmrt

• 1:: eiwir igpcmyiis hy iorcy ET?8

• HZM wdcc hi oppcdi` tm mtfir orios me mur husdliss

HZM dl`dribt prmburigilt hiliedts

8/14/2019 SLE Sara Lee Sep 2009 Presentation Part 1

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0:

HZM dl`dribt prmburigilt hiliedts

• Goloai $8.4 hdccdml me dl`dribt spil`

• Prolsobtdmloc prmburigilt ol` strotiadb smurbdla

• Rdaldedbolt bmst ri`ubtdmls

• Dgprmvi` vdsdhdcdty ml spil`dla• Am cdvi il` me Riptighir 

Ruppcy bfodl dldtdotdvis

8/14/2019 SLE Sara Lee Sep 2009 Presentation Part 1

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0?

Ruppcy bfodl dldtdotdvis

Lmrtf Ogirdbo

• Icdgdlotdla cmw/lm goradl RNYs

 ‒ LO Xitodc -?8% dl ET?:

 ‒ LO Emm`sirvdbi -?0% dl ET?:

•  O``i` bopobdty wdtfmut bopdtoc

• Xi-hocolbi` prm`ubtdml hitwiil Emm`sirvdbi

ol` Xitodc

Dltirlotdmloc

• Xi`ubi RNYs hy 89% dl ET?:• Ml-amdla bmst ri`ubtdmls

Bmgpoly-wd`i RA&O ri`ubtdml

8/14/2019 SLE Sara Lee Sep 2009 Presentation Part 1

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08

Bmgpoly-wd`i RA&O ri`ubtdml

• Fio`bmult

• Bmgpilsotdml/hiliedts

• Eobdcdtdis ol` mtfir ossits

• Bmltdlumus dgprmvigilt• Zrmbiss dgprmvigilt

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00

Xibmlbdcdotdmls me Lml-AOOZGiosuris tm Xipmrti` Lughirs

Edsboc 8::4 vs. Edsboc 8::1 XisuctsPmtoc Roro Cii

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09

Pmtoc Roro Cii@mccor Zirbilt

(dl gdccdmls) Bfolai Bfolai8::4 8::1

Pmtoc Roro Cii

Lit socis - tmtoc mpirotdla siagilts $ ?8,4?9  $ ?8,:?0  $ 4:? Ciss; dltirsiagilt socis (20)  (2?)  (2) 

Lit socis $ ?8,66?  $ ??,462  $ 646  1.9%

Dlbriosi/(`ibriosi) dl lit socis ermg;

Bfolais dl emridal burrilby ixbfolai rotis $ -  $ (45)  $ 45  Obqudsdtdmls/`dspmsdtdmls 01  ?08  (49)  O`kusti` lit socis $ ?8,620  $ ??,421  $ 641  1.9%

Pmtoc mpirotdla siagilt dlbmgi $ 660  $ 695  $ 86 

 Ogmrtdzotdml me tro`igorns ol` mtfir dltoladhcis (59)  (50)  (?) 

Ailiroc bmrpmroti ixpilsis;

  Mtfir (826)  (298)  ??0 

Gorn-tm-gornit ̀ irdvotdvi aodls (cmssis) (?6)  8  (8:) Bmltdlailt soci prmbii`s ?9:  ?8:  2: 

Mpirotdla dlbm gi $ 1?2  $ 958  $ ?9?  81.:%

Mpirotdla goradl % 9.9% 0.1% :.6%

Dlbriosi/(`ibriosi) dl mpirotdla

dlbmgi (cmss) ermg;Bmltdlailt soci prmbii`s $ ?9:  $ ?8:  $ 2: 

Bfolais dl emridal burrilby ixbfolai rotis -  (81)  81 Ixdt obtdvdtdis, ossit ol` husdliss ̀ dspmsdtdmls (??0)  (40)  (8:) 

Prolsemrgotdml/Obbiciroti bforais (00)  (??4)  19 Burtodcgilt aodl ?1  -  ?1 

Dgpodrgilt bforais (2?0)  (?18)  (?08) 

Zilsdml portdoc wdtf`rowoc cdohdcdty bforai (2?)  -  (2?) 

Aodl ml prmpirty `dspmsdtdml ?0  -  ?0 

 Obbiciroti` `ipribdotdml -  (28)  28 Hocolbi sfiit bmrribtdmls ??  -  ?? 

 Obqudsdtdml/`dspmsdtdml 8  9  (2)  O`kusti` mpirotdla dlbmgi $ ?,:88  $ 66?  $ ?0?  ?5.?%

 O`kusti` mpirotdla goradl % 6.:% 1.0% :.5%

Eucc Tior 

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Edsboc 8::4 vs. Edsboc 8::1 XisuctsLmrtf Ogirdbol Emm`sirvdbi

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01

Lmrtf Ogirdbol Emm`sirvdbi

@mccor ZirbiltBfolai Bfolai

8::4 8::1

Eucc Tior (dl $ gdccdmls)

Lmrtf Ogirdbol Emm`sirvdbi

Lit socis $ 8,:48  $ 8,?59  $ (12)  (2.0)%

Dlbriosi/(`ibriosi) dl lit socis ermg;Bfolais dl emridal burrilby ixbfolai rotis $ -  $ ?  $ (?) 

@dspmsdtdml -  ?8:  (?8:)  O`kusti` lit socis $ 8,:48  $ 8,:00  $ 06  8.2%

Mpirotdla siagilt dlbmgi $ 90  $ ?29  $ (6?)  (5:.?)%

Mpirotdla goradl % 8.5% 5.2% (2.1)%

Dlbriosi/(`ibriosi) dl mpirotdlasiagilt dlbmgi (cmss) ermg;

Ixdt obtdvdtdis, ossit ol` husdliss ̀ dspmsdtdmls $ ?  $ (1)  $ 6 Prolsemrgotdml/Obbiciroti bforais -  (2)  2 

 Obbiciroti` `ipribdotdml -  (?)  ? 

Dgpodrgilt bforai (?:1)  -  (?:1) @dspmsdtdml -  5  (5)  O`kusti` mpirotdla siagilt dlbmgi $ ?5:  $ ?0:  $ 8:  ?2.1%

 O`kusti` mpirotdla goradl % 1.1% 5.4% :.6%

Edsboc 8::4 vs. Edsboc 8::1 XisuctsLmrtf Ogirdbol Erisf Honiry

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06   06

m i bo is o i y

Lmrtf Ogirdbol Erisf Honiry

Lit socis $ 8,8::  $ ?,695  $ 200  ?6.5%

 O`kusti` lit socis $ 8,8::  $ ?,695  $ 200  ?6.5%

Mpirotdla siagilt dlbmgi $ 22  $ ?0  $ ?4  LG

Mpirotdla goradl % ?.9% :.6% :.1%

Dlbriosi/(`ibriosi) dl mpirotdla

siagilt dlbmgi ermg;Ixdt obtdvdtdis, ossit ol` husdliss ̀ dspmsdtdmls $ (9)  $ (0)  $ (?) 

Prolsemrgotdml/Obbiciroti bforais (?)  (8:)  ?4 

 Obbiciroti` `ipribdotdml -  (8)  8 Dgpodrgilt bforai -  (?5)  ?5 Zilsdml portdoc wdtf`rowoc cdohdcdty bforai (2?)  -  (2?) 

 O`kusti` mpirotdla siagilt dlbmgi $ 1:  $ 95  $ ?0  89.6%

 O`kusti` mpirotdla goradl % 2.8% 2.:% :.8%

@mccor ZirbiltBfolai Bfolai

8::4 8::1

Eucc Tior (dl $ gdccdmls)

Edsboc 8::4 vs. Edsboc 8::1 XisuctsDltirlotdmloc Hiviroai

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04   04

a

@mccor Zirbilt

(dl gdccdmls) Bfolai Bfolai  8::4 8::1

Dltirlotdmloc Hiviroai

Lit socis $ 2,:0?  $ 8,5?1  $ 080  ?5.8%

Dlbriosi/(`ibriosi) dl lit socis ermg;

Bfolais dl emridal burrilby ixbfolai rotis $ -  $ (69)  $ 69 

 Obqudsdtdml/`dspmsdtdml 09  6  21  O`kusti` lit socis $ 8,445  $ 8,540  $ 2:8  ??.8%

Mpirotdla siagilt dlbmgi $ 066  $ 2?1  $ ?1?  90.?%

Mpirotdla goradl % ?5.?% ?8.?% 0.:%

Dlbriosi/(`ibriosi) dl mpirotdlasiagilt dlbmgi ermg;

Bfolais dl emridal burrilby ixbfolai rotis $ -  $ (85)  $ 85 Ixdt obtdvdtdis, ossit ol` husdliss ̀ dspmsdtdmls (9:)  (?8)  (26) 

Prolsemrgotdml/Obbiciroti bforais (6)  (6)  - 

Burtodcgilt aodl ?8  -  ?8  Obbiciroti` `ipribdotdml -  (?)  ? 

Dgpodrgilt bforais -  (??6)  ??6 Aodl ml prmpirty `dspmsdtdml ?0  -  ?0 

 Obqudsdtdml/`dspmsdtdml 8  -  8  O`kusti` mpirot dla siagilt dlbmgi $ 9?6  $ 068  $ 25  1.5%

 O`kusti` mpirotdla goradl % ?1.2% ?1.4% (:.5)%

Eucc Tior 

Edsboc 8::4 vs. Edsboc 8::1 XisuctsDltirlotdmloc Honiry

8/14/2019 SLE Sara Lee Sep 2009 Presentation Part 1

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9:   9:

y

Dltirlotdmloc Honiry

Lit socis $ 14:  $ 144  $ (4)  (?.8)%

Dlbriosi/(`ibriosi) dl lit socis ermg;

Bfolais dl emridal burrilby ixbfolai rotis $ -  $ (2?)  $ 2? @dspmsdtdml -  ?0  (?0)  O`kusti` lit socis $ 14:  $ 6?5  $ (85)  (2.2)%

Mpirotdla siagilt dlbmgi (cmss) $ (?42)  $ 26  $ (82?)  LG

Mpirotdla goradl % (80.9)% 0.1% (84.8)%

Dlbriosi/(`ibriosi) dl mpirotdlasiagilt dlbmgi (cmss) ermg;

Bfolais dl emridal burrilby ixbfolai rotis $ -  $ (2)  $ 2 

Ixdt obtdvdtdis, ossit ol` husdliss ̀ dspmsdtdmls (21)  (?0)  (82) Prolsemrgotdml/Obbiciroti bforais (?)  (0)  2 

Dgpodrgilt bforai (8:1)  -  (8:1) @dspmsdtdml -  (?)  ?  O`kusti` mpirotdla siagilt dlbmgi $ 98  $ 5:  $ (6)  (?0.:)%

 O`kusti` mpirotdla goradl % 5.9% 1.2% (:.6)%

@mccor ZirbiltBfolai Bfolai

8::4 8::1

Eucc Tior (dl $ gdccdmls)

Edsboc 8::4 vs. Edsboc 8::1 XisuctsDltirlotdmloc Fmusifmc` ol` Hm`y Bori

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9?   9?

y

Dltirlotdmloc Fmusifmc` ol` Hm`y Bori

Lit socis $ 8,:89  $ 8,:08  $ (?1)  (:.6)%

Dlbriosi/(`ibriosi) dl lit socis ermg;Bfolais dl emridal burrilby ixbfolai rotis $ -  $ ?4  $ (?4)  Obqudsdtdml 8  -  8  O`kusti` lit socis $ 8,:82  $ 8,:82  $ -  :.:%

Mpirotdla siagilt dlbmgi $ 808  $ 818  $ (2:)  (??.:)%

Mpirotdla goradl % ?8.:% ?2.2% (?.2)%

Dlbriosi/(`ibriosi) dl mpirotdla

siagilt dlbmgi ermg;

Bfolais dl emridal burrilby ixbfolai rotis $ -  $ 6  $ (6) Ixdt obtdvdtdis, ossit ol` husdliss ̀ dspmsdtdmls (??)  -  (??) Prolsemrgotdml/Obbiciroti bforais (0)  (?2)  4 

Dgpodrgilt bforai -  (0)  0 Burtodcgilt aodl 9  -  9 

 Obqudsdtdml (?)  -  (?)  O`kusti` mpirotdla siagilt dlbmgi $ 892  $ 86?  $ (86)  (?:.:)%

 O`kusti` mpirot dla goradl % ?8.9% ?2.4% (?.0)%

@mccor ZirbiltBfolai Bfolai

8::4 8::1

Eucc Tior (dl $ gdccdmls)

Edsboc 8::4, 8::6 ol` 8::1 O`kusti` IZR

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98   98

k

Kuli 81, Kuli 86, Kuli 2:,Tior il`i` 8::4 8::6 8::1

@dcuti` IZR ermg bmltdludla mpirotdmls :.98$ (:.:5)$ :.94$Ciss;  Lit dgpobt me sdaldedbolt dtigs ml dlbmgi (cmss)  ermg bmltdludla mpirotdmls, os rivdsi` (?) (:.9?)  (?.:9)  (:.?8) 

Bmltdlailt soci prmbii`s :.8?  :.?6  :.?5  O``;  Ruhsd`dory tox hiliedt - edrst quortir 8::1 -  -  :.8?  O`kusti` IZR (8) :.68$ :.6?$ :.15$

(?) Edsboc 8::4 ol` edsboc 8::6 sdaldedbolt dtigs os ripmrti` dlbcu`i` $8? gdccdml, mr $:.:8 pir sfori ol` $?9 gdccdml mr $:.:?pir sfori, rispibtdvicy, me smetwori ogmrtdzotdml ixpilsi ricoti` tm liw bmgputir systigs tfot wiri put dltm usi dl edsboc8::6 os port me mur trolsemrgotdml prmarog. Hiadlldla dl edsboc 8:?:, smetwori ogmrtdzotdml ds hidla ripmrti` os o lmrgocmpirotdla ixpilsi dtig, rotfir tfol o sdaldedbolt dtig. Pfi edsboc 8::4 ol` edsboc 8::6 os rivdsi` ogmults prisilt smetworiogmrtdzotdml ixpilsi ml o hosds bmlsdstilt wdtf edsboc 8:?:. Edsboc 8::1 sdaldedbolt dtigs dlbcu`i` $? gdccdml, mr ldc pir sfori,me smetwori ogmrtdzotdml ixpilsi.

(8) IZR ogmults ori rmul`i` tm tfi liorist $:.:? ol` goy lmt o`` tm tfi tmtoc.

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92

Zciosi vdsdt tfi Dlvistmr Xicotdmlssibtdml ml www.sorocii.bmg emr

o``dtdmloc dlvistmr dlemrgotdml.