Page 11 - Global EM Granola Learning Book - Draft VS 22
P. 11

250
               Granola in EM                         Base       Projection CAGR 28%
                33%                        200


 Global Granola Sales RSV US$ 000' m                            NSV by 2020

 2015  2016 YOY%  Segment %
                                           150                   200
 Total Global Granola  3,232  3,494  108%  100

 Core 4 Markets  1,153  1,213  105%  35                         Million US$
                                           100
 Developing markets  1,064  1,119  105%  32

 Total Emerging Markets  1,015  1,162  114%  33
                                            50




                                             0
                                                  2014       2015      2016      2017      2018      2019       2020
                                                Source: Internal Kellogg Consolidation

 in past 4 years)
                                                                            Current premium
                                                                                over RTEC

           EM Granola GP                                                       28%
             35%                             8



                                             7     6.24             6.52              6.28              6.49

                                             6
     2016 LE           2017                                               4.87               4.87              4.91
                                             5          4.5
        6.28            6.49
                                             4
        4.11            3.99                 3


        2.16            2.49                 2

        0.77            0.73                 1
                                             0
        1.39            1.76                           2014              2015              2016              2017
                                                               Granola NSV kg               RTEC NSV kg
                                              Source: Internal Kellogg Consolidation
   6   7   8   9   10   11   12   13   14   15   16