Mondeléz International (MDLZ)

[DewDiligence]

MDLZ slides from CAGNY presentation today (46 pages):

http://ir.mondelezinternational.com/common/download/download.cfm?companyid=AMDA-1A8CT3&fileid=726479&filekey=f6aeef3e-70cd-4423-a11d-c7022fa2de0c&filename=CAGNY%202014.pdf

Key message: There’s a strong correlation between global GDP and consumption of packaged snack foods, particularly biscuits (cookies) and chocolate. In 2013, emerging markets comprised 40% of MDLZ's overall sales, growing 9% YoY.