UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number 1-44 ARCHER-DANIELS-MIDLAND COMPANY (Exact name of registrant as specified in its charter) Delaware 41-0129150 (State or ...

Summary of Archer-Daniels-Midland Company (ADM) Conference Call Company Overview - **Company**: Archer-Daniels-Midland Company (NYSE: ADM) - **Date**: March 1, 2023 - **Participants**: Greg Morris (SVP, President, Agricultural Services and Oilseeds), Sal Tiano (Bank of America), Steve Byrne (Bank of America) Key Points Financial Performance - Adjusted earnings per share for the previous year was $7.85, a 51% increase year-over-year [3] - Ag Services and Oilseeds reported operating profits of nearly $4.4 billion, marking a 58% increase from the previous year [4] Strategic Focus - The company has emphasized cash, cost, capital, and customer focus, aiming for quality of earnings alongside quantity [2] - Significant portfolio adjustments were made, exiting underperforming and volatile businesses to stabilize earnings growth [3] Growth Initiatives - Future growth will depend on productivity and innovation, including modernizing facilities and enhancing operational resiliency [4] - The company is focusing on environmentally friendly practices in agriculture, such as regenerative agriculture and climate-smart farming [5] Ag Services Investments - Investments in Ag Services include acquiring high-throughput facilities and enhancing existing facilities to improve throughput [10] - The company aims to push more volume through its network while managing risk [10] Crushing and Refining Operations - The Spiritwood crush plant in North Dakota is set to be commissioned by Q3/Q4 2023, adding 1.5 million tons of crush capacity [12] - Expansion of refining capacity in Quincy, Illinois, was completed to better match crush capacity with refined oils demand [12] Nutrition Business Synergies - The company is leveraging synergies between its Ag Services, crushing, and nutrition businesses to optimize raw material sourcing [16] - Collaborations with customers, such as Pepsi, are part of the sustainability initiatives [18] Sustainability and Decarbonization - ADM is focusing on reducing carbon emissions, with 70% of carbon generated on farms, and is incentivizing farmers to adopt environmentally friendly practices [20] - The company has expanded its regenerative agriculture program from 150,000 acres in 2021 to over 1 million acres in 2023 [24] Market Dynamics - Global supply-demand balance is tight, particularly for soybeans and corn, with significant regional disparities [38] - Brazil is expected to produce a large soybean crop, while Argentina faces challenges with the smallest crop in 20 years due to adverse weather [38] - The Black Sea region continues to face logistical challenges affecting market access [39] China Market Outlook - China's consumer demand is recovering post-COVID, which could lead to increased trade flows and demand for agricultural products [42] Commodity Pricing - Wheat balance sheets are in better shape compared to corn and soybeans, with U.S. farmers likely to plant significant corn and soybean acreage [45] - Meal prices have risen due to crop issues in Argentina, while soybean oil prices have been weaker but are expected to firm as demand grows [56][58] Future Projections - The renewable green diesel market is projected to expand significantly, with U.S. capacity expected to reach around 3.5 billion gallons by the end of 2023 [32] - The company anticipates that oil demand growth will outpace meal demand growth, supporting oil prices in the medium term [58] Additional Insights - The company is actively working on carbon capture and sequestration initiatives to enhance its sustainability efforts [28] - The complexity of future supply chains will require careful management to avoid additional costs while ensuring compliance with sustainability goals [26]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________ to _________________ Commission file number 1-44 ARCHER-DANIELS-MIDLAND COMPANY (Exact name of registrant as specified in its charter) DE 41-0129150 (State ...

1 Proprietary business information of ADM. 2 Safe Harbor Statement Proprietary ...

Archer-Daniels-Midland Company (NYSE:ADM) Q4 2022 Earnings Conference Call January 26, 2023 9:00 AM ET Company Participants Megan Britt - Vice President, Investor Relations Juan Luciano - Chairman and Chief Executive Officer Vikram Luthar - Chief Financial Officer Conference Call Participants Ben Bienvenu - Stephens Adam Samuelson - Goldman Sachs Ben Theurer - Barclays Manav Gupta - UBS Salvator Tiano - Bank of America Robert Moskow - Credit Suisse Eric Larson - Seaport Global Securities Steve Byrne - Bank ...

Archer-Daniels-Midland Company (NYSE:ADM) Q2 2022 Earnings Conference Call July 26, 2022 9:00 AM ET Company Participants Michael Cross - Director-Investor Relations Juan Luciano - Chairman and Chief Executive Officer Vikram Luthar - Chief Financial Officer Conference Call Participants Benjamin Bienvenu - Stephens Inc. Benjamin Theurer - Barclays Adam Samuelson - Goldman Sachs Kenneth Zaslow - BMO Capital Markets Steve Byrne - BofA Securities Tom Palmer - JPMorgan Eric Larson - Seaport Research Partners Stev ...