Texture Innovation Day November 14, 2024 Our forward-looking statements speak only as of the date on which they are made, and we do not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of the statement as a result of new information or future events or developments. If we do update or correct one or more of these statements, investors and others should not conclude that we will make additional updates or corrections. For a further description ...

Company Leadership and Strategy - Mark Karns appointed as Vice President of Corporate Development and M&A, effective December 2, 2024 [1] - Karns will lead a combined corporate strategy and M&A function to align and optimize Ingredion's strategic growth agenda [2] - Karns brings extensive experience in M&A, capital markets, and consulting, with a proven track record in consumer sectors including food and beverage [3][5] - Karns previously served as global head of M&A at Whirlpool Corporation and executed over 60 M&A and financing transactions during his tenure at Baird [5] Company Overview - Ingredion is a leading global ingredient solutions provider with 2023 annual net sales of approximately $8 billion [7] - The company serves customers in nearly 120 countries and operates Ingredion Idea Labs® innovation centers worldwide [7] - Ingredion transforms grains, fruits, vegetables, and other plant-based materials into value-added ingredient solutions for various markets including food, beverage, and industrial sectors [7] Leadership Vision - Karns aims to help Ingredion achieve its aspiration to be recognized as the go-to provider for texture and healthful solutions that "make healthy taste better" [4]

Financial Performance - Net sales decreased 8 percent to $1,870 million for Q3 2024 compared to $2,033 million for Q3 2023, primarily due to lower raw material costs and lost sales volume from the sale of the South Korea business[89]. - Operating income increased due to lower raw material and input costs, while net income attributable to Ingredion rose to $188 million from $158 million year-over-year[97]. - Gross profit margin increased to 26 percent for Q3 2024 compared to 21 percent for Q3 2023, driven by a 14 percent decrease in cost of sales to $1,391 million[90]. - Year-to-date net sales decreased 10 percent to $5,630 million, with a gross profit margin increase to 24 percent compared to 22 percent in the previous year[103][104]. Segment Performance - T&HS segment net sales remained flat at $600 million, with operating income increasing 12 percent to $96 million due to lower input costs[98][99]. - F&II - LATAM segment net sales decreased 6 percent to $620 million, but operating income increased 26 percent to $131 million due to lower input costs[100]. - F&II - U.S./Canada segment net sales decreased 9 percent to $548 million, while operating income increased 25 percent to $99 million[101]. Liquidity and Capital Expenditures - Total available liquidity as of September 30, 2024, was $2.5 billion, consisting of $1.3 billion in domestic liquidity and $1.2 billion in international liquidity[115][116]. - Capital expenditures and mechanical stores purchases amounted to $170 million year-to-date 2024, down from $233 million in the same period of 2023, with anticipated capital investment commitments for the remainder of 2024 between $310 million and $330 million[120]. Financing Activities - Cash used for financing activities was $601 million year-to-date 2024, compared to $301 million in year-to-date 2023, primarily due to a net $327 million reduction in commercial paper borrowings[121]. - Cash dividends paid to common stockholders increased to $156 million year-to-date 2024 from $143 million in year-to-date 2023, reflecting an increase in the quarterly dividend from $0.71 to $0.78 per share[122]. - The company repurchased 762 thousand shares of common stock at a net cost of $87 million year-to-date 2024, compared to 1.0 million shares at a net cost of $101 million in the same period of 2023[123]. - The company acquired shares in its subsidiary PureCircle for $40 million, increasing ownership to 98 percent as of September 30, 2024[123]. Tax and Accounting - Effective income tax rate increased to 30.8 percent for Q3 2024 from 13.5 percent for Q3 2023, influenced by an adverse ruling and changes in foreign tax credits[96]. - There have been no changes to critical accounting policies and estimates during year-to-date 2024[125]. Risk and Forward-Looking Statements - Forward-looking statements indicate expectations regarding future operations and financial conditions, but actual results may differ due to various risks and uncertainties[131]. - The company has not reported material changes in market risk disclosures related to interest rates, raw material and energy costs, and foreign currencies during year-to-date 2024[133]. - The company maintains a quarterly dividend policy, with potential risks affecting its continuation[131].

2024 26% 29% 2024 2.83 3.05 20% 31% 10.60 10.90 10.35 10.65 , Nov. 07, 2024 (GLOBE NEWSWIRE) -- Ingredion IncorporatedINGR 2024 Ingredion Jim Zallie " " " 11% " " Cost2Compete " " 2025 ''"Zallie * "GAAP" GAAP "II. GAAP " GAAP GAAP | --- | --- | --- | --- | |------------------------------------------------------------------|-------|-------------|-------------------| | Diluted Earnings Per Share (EPS) \n | | 3Q23 | 3Q24 | | Reported Diluted EPS | | $2.36 Â | $2.83 Â | | Impairment charges | Â | 0.10Â Â | 0.08 ...

Core Insights - Ingredion reported quarterly earnings of $3.05 per share, exceeding the Zacks Consensus Estimate of $2.58 per share, and up from $2.33 per share a year ago, indicating strong performance [1] - The earnings surprise for this quarter was 18.22%, following a previous surprise of 13.44% when earnings were $2.87 per share against an expectation of $2.53 [2] - The company generated revenues of $1.87 billion for the quarter, which fell short of the Zacks Consensus Estimate by 4.35% and decreased from $2.03 billion year-over-year [3] Financial Performance - Over the last four quarters, Ingredion has surpassed consensus EPS estimates three times, showcasing a trend of positive earnings surprises [2] - The stock has appreciated approximately 23.5% since the beginning of the year, outperforming the S&P 500's gain of 19.8% [4] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $2.51, with expected revenues of $1.9 billion, while the estimate for the current fiscal year is $10.05 on $7.62 billion in revenues [8] - The estimate revisions trend for Ingredion is currently favorable, leading to a Zacks Rank 2 (Buy), suggesting that the shares are expected to outperform the market in the near future [7] Industry Context - Ingredion operates within the Zacks Food - Miscellaneous industry, which is currently ranked in the bottom 45% of over 250 Zacks industries, indicating potential challenges in overall industry performance [9] - Another company in the same industry, Aramark, is expected to report a year-over-year earnings decline of 15.6% for the quarter ended September 2024, with revenues projected to decrease by 9.4% [10][11]

Exhibit 99 NEWS RELEASE Ingredion Incorporated 5 Westbrook Corporate Center CONTACTS: Westchester, IL 60154 Investors: Noah Weiss, 773-896-5242 Media: Rick Wion, 708-209-6323 INGREDION INCORPORATED REPORTS STRONG THIRD QUARTER RESULTS AND RAISES FULL-YEAR OUTLOOK • Third quarter 2024 reported and adjusted* operating income increased 26% and 29% compared to prior year • Third quarter 2024 reported and adjusted EPS were $2.83 and $3.05, an increase of 20% and 31%, respectively • Raising guidance for full-year ...

WESTCHESTER, Ill., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Ingredion Incorporated (NYSE: INGR), a leading global provider of ingredient solutions to the food and beverage industry, invites the investment community to join Texture Innovation Day via webcast on November 14, 2024. This novel event will explore the vital role of texture in creating memorable food experiences for consumers and demonstrate how texture solutions drive innovation through functional, taste and affordability benefits. This live event will ...

Core Insights - The article compares Ingredion (INGR) and Danone (DANOY) to determine which stock is more attractive to value investors [1] - Ingredion has a stronger Zacks Rank of 2 (Buy) compared to Danone's Zacks Rank of 4 (Sell), indicating a more favorable earnings estimate revision activity for INGR [3] - Value investors consider various traditional metrics to assess whether a company is undervalued, beyond just earnings estimates [3] Valuation Metrics - Ingredion has a forward P/E ratio of 13.42, while Danone has a forward P/E of 19.42, suggesting that INGR may be undervalued relative to DANOY [5] - The PEG ratio for Ingredion is 1.22, indicating a more favorable growth expectation compared to Danone's PEG ratio of 7.53 [5] - Ingredion's P/B ratio is 2.38, compared to Danone's P/B of 2.75, further supporting the argument that INGR is a better value investment [6] Value Grades - Based on the analyzed metrics, Ingredion holds a Value grade of A, while Danone has a Value grade of C, reinforcing the preference for INGR among value investors [6]

Ingredion (INGR) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November ...

Core Insights - The project aims to enhance the taste, texture, price, and nutritional characteristics of plant-based cheese products to meet the growing demand for new protein options globally [1][2][4] - The collaboration involves key partners including Daiya Foods, Ingredion, Ingredion Plant Based Protein Specialties, and Lovingly Made Flour Mills, focusing on utilizing Canadian pulses like pea and fava [1][3][5] - A total investment of $16 million has been made into the project, with Protein Industries Canada contributing $5.8 million [6] Industry Impact - The initiative supports the financial, technological, and ecological sustainability of Canada's food sector, aiming to unlock a $25 billion potential in ingredient manufacturing, food processing, and bioproducts [2][6] - The project is expected to create new jobs and boost Canada's GDP by increasing the supply and diversity of sustainable food products [2][6] Company Contributions - Daiya Foods aims to improve the nutritional profile of its plant-based cheeses while ensuring they match the flavor and quality of traditional dairy products [4] - Ingredion and its Plant Based Protein Specialties will convert Canadian pulses into functional ingredients for Daiya's products, enhancing the protein content [3][5] - Lovingly Made Flour Mills will develop extruded pulse ingredients, contributing to the creation of innovative and nutritious food options [5][10]