8-KRegulation FDExhibits & Filings

Mondelez International, Inc. 8-K Report, Regulation FD Disclosure (Jun 17, 2009)

Filed June 17, 2009For Securities:MDLZ

Summary

This 8-K filing from Kraft Foods Inc. (the predecessor to Mondelez International) on June 17, 2009, primarily discloses information regarding the anticipated participation of its CEO, Irene B. Rosenfeld, in the CIES World Food Business Summit. The key takeaway for investors is the expected disclosure of Kraft Foods' organic revenue growth rate. While the specific date of the summit is not provided, the report indicates that Ms. Rosenfeld would discuss an organic revenue growth rate of 3.4% for the period of 2005 to 2006. Furthermore, the filing clarifies Kraft Foods' use of 'organic net revenues' as a key performance indicator. This non-GAAP measure excludes the impact of acquisitions, divestitures, and currency fluctuations, which management believes provides a more comparable and relevant view of the company's ongoing operational performance. Investors should note that this information was provided in connection with a future event and is intended for informational purposes, not as a formal financial statement update.

Key Highlights

  • 1Kraft Foods CEO Irene B. Rosenfeld to participate in the CIES World Food Business Summit.
  • 2Expected disclosure of Kraft Foods' organic revenue growth rate of 3.4% for the 2005-2006 period.
  • 3The company utilizes 'organic net revenues' as a key non-GAAP financial measure.
  • 4Organic net revenues exclude the impact of acquisitions, divestitures, and currency fluctuations.
  • 5Management believes organic net revenues offer improved comparability and a better reflection of ongoing performance.
  • 6A GAAP to Non-GAAP reconciliation for net revenues is provided as Exhibit 99.1.
  • 7The information is being disclosed under Regulation FD and is not considered 'filed' for certain liability purposes.

Frequently Asked Questions

The main purpose of this 8-K filing is to inform investors that Kraft Foods' CEO, Irene B. Rosenfeld, was scheduled to participate in a panel discussion at the CIES World Food Business Summit and to pre-disclose certain information she was expected to share, specifically the company's organic revenue growth rate from 2005-2006.

In this context, 'organic revenue growth rate' refers to a non-GAAP financial measure that excludes the impact of acquisitions, divestitures, and currency fluctuations. Kraft Foods uses this metric to provide a clearer picture of the underlying growth of its existing business operations.

No, the 3.4% organic revenue growth rate disclosed pertains to the historical period of 2005 to 2006, not the current performance of the company at the time of the filing in June 2009. It was presented as a reference point during the CEO's participation in the summit.

Exhibit 99.1 provides a reconciliation between Kraft Foods' reported net revenues under Generally Accepted Accounting Principles (GAAP) and its non-GAAP measure of organic net revenues. This allows investors to understand how the company adjusts its reported figures and to evaluate the performance metrics management emphasizes.