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Tue, June 29, 2010Mon, June 28, 2010Sun, June 27, 2010Fri, June 25, 2010Thu, June 24, 2010Wed, June 23, 2010Tue, June 22, 2010Mon, June 21, 2010Sun, June 20, 2010Fri, June 18, 2010Thu, June 17, 2010Wed, June 16, 2010Tue, June 15, 2010Mon, June 14, 2010Sun, June 13, 2010Fri, June 11, 2010Thu, June 10, 2010Wed, June 9, 2010Tue, June 8, 2010Mon, June 7, 2010Sat, June 5, 2010Fri, June 4, 2010Thu, June 3, 2010Wed, June 2, 2010Tue, June 1, 2010ADM Reviews Strategy at Deutsche Bank Presentation
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Published in House and Home on Tuesday, June 15th 2010 at 8:10 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
DECATUR, Ill.--([ BUSINESS WIRE ])--In a presentation to investors at the Deutsche Bank 7th Annual Global Consumer Conference in Paris today, executives of Archer Daniels Midland Company (NYSE: ADM) outlined the Companya™s plan for profitable growth, laying out an agenda that includes acquisition and organic expansion. The executives also announced the return of flexibility to repurchase shares.
"Today, wea™re discussing that plan as well as our flexibility to repurchase stock."
aWe continue to aggressively pursue profitable growth. We are advancing our efforts to expand the types and volumes of crops we originate and process, the size and global footprint of our core model, and the range of products we make from crops,a said Steve Mills, ADM executive vice president and chief financial officer. aToday, wea™re discussing that plan as well as our flexibility to repurchase stock.
aWe are committed to growing our business and to building shareholder value. ADMa™s strong earnings performance and recent debt buybacks have further improved our already-strong credit metrics. We will use our enhanced financial flexibility to expand the asset base, to buy shares, or to do both. After a period of limited ability to buy our own stock, we again have the option to repurchase shares, which we can use along with organic growth and acquisitions to deliver value to our shareholders. The ultimate size of the buyback will depend on a variety of factors including share price and market conditions.a
Regarding ADMa™s overall plans for profitable growth, the Company continues to seek investment opportunities that build upon the strength of its core business model of crop origination and processing. aWe will expand our origination and processing activities as market demand grows, or as acquisition opportunities present themselves. And wea™ll continue to work to identify additional opportunities that can connect to and leverage this value chain,a said Mills.
In the recent past, the Company has executed on its profitable growth strategy through additions to its transportation network, its oilseeds processing footprint, its ethanol production capacity and its slate of renewable chemicals.
About ADM
Every day, the 28,000 people of Archer Daniels Midland Company (NYSE: ADM) turn crops into renewable products that meet the demands of a growing world. At more than 230 processing plants, we convert corn, oilseeds, wheat and cocoa into products for food, animal feed, chemical and energy uses. We operate the worlda™s premier crop origination and transportation network, connecting crops and markets in more than 60 countries. Our global headquarters is in Decatur, Illinois, and our net sales for the fiscal year ended June 30, 2009, were $69 billion. For more information about our Company and our products, visit [ www.adm.com ].
