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Dun & Bradstreet One-Stop Report

Tyson Foods, Inc.


4 August 2017
Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

Tyson Foods, Inc. Fortune 1000 Rank: 82

2200 W Don Tyson Pkwy D-U-N-S® Financials in: USD (mil)


00-690-3702
Springdale, AR 72762-6901 Number:
United States Employees: 114,000 Fiscal Year End: 01-Oct-2016
Company Type: Public Parent Reporting Currency: US Dollar
Tel: 479-290-4000 Corporate Family: 508 Companies
Fax: 479-751-0834 Annual Sales: 36,881.0 1
Traded: New York Stock TSN Net Income: 1,768.0
www.tysonfoods.com Exchange:
Berlin Stock Exchange: TF7A
Total Assets: 22,373.0 2
Boerse-Stuttgart: TF7A Market Value: 22,165.6
Frankfurt Stock TF7A (21-Jul-2017)
Exchange:
New York Stock TSNU
Exchange:
Incorporation
1935
Date:
Auditor: PricewaterhouseCoopers LLP

Business Description

Tyson is more than simply chicken. One of the largest US chicken producers, Tyson's Fresh Meats division makes it a giant in the
beef and pork sectors, as well. The company also offers value-added processed and pre-cooked meats and refrigerated and
frozen prepared foods (pizza crust, desserts, snacks). Its chicken operations are vertically integrated -- the company hatches the
eggs, supplies contract growers with the chicks and feed, and brings them back for processing when ready. Tyson's brands
include Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells, and State Fair. Its customers include retail,
wholesale, and food service companies worldwide.
Source: D&B

Industry

Industry Food Processing


ANZSIC 2006: 1111 - Meat Processing
ISIC Rev 4: 1010 - Processing and preserving of meat
NACE Rev 2: 1011 - Processing and preserving of meat
NAICS 2012: 311611 - Animal (except Poultry) Slaughtering
UK SIC 2007: 1011 - Processing and preserving of meat
US SIC 1987: 2011 - Meat Packing Plants

Key Executives (Emails Available)

Name Title Source


Thomas P. Hayes President, Chief Executive Officer, Director Reuters
Andrew P. Callahan President - North American Foodservice & International Reuters
Curt T. Calaway Senior Vice President, Chief Accounting Officer, Controller Reuters
Scott Rouse Chief Customer Officer Reuters
Scott Spradley Chief Technology Officer D&B

Significant Developments

Topic #* Most Recent Headline Date

Tyson Foods says gets civil investigative demand related to possible


General Reorganization 2 8-May-2017
anticompetitive conduct

Mergers & Acquisitions 2 AdvancePierre to pay $100 mln in termination fee to Tyson Foods 28-Apr-2017

Tyson Foods announces compensation program at 2 poultry plants involving


Labor Issues 1 26-Apr-2017
increasing base wages

Divestitures 1 Tyson Foods explores sale of three non-protein businesses 24-Apr-2017

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Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

Regulatory / Company
3 Tyson Foods says gets subpoena from SEC 6-Feb-2017
Investigation

* number of significant developments within the last 12 months

News

Title Date
The great food disruption: part 4
3-Aug-2017
Idealog (878 Words)
Two Execs to Exit Tyson Foods Amid Restructuring Effort
3-Aug-2017
Powder Bulk Solids (279 Words)
Demand For Organic Beef Remains Promising
3-Aug-2017
GroceryHeadquarters.com (785 Words)
Demand For Organic Beef Meat To Remain High In Developed Regions During 2017-2027
3-Aug-2017
Perishable News (940 Words)
Local business briefs
3-Aug-2017
Joplin Globe (MO) (387 Words)
Dead Zone in Gulf of Mexico Traced to Meat Industry
3-Aug-2017
Courthouse News Service (1047 Words)

Financial Summary

As of 31-Mar-2017

Key Ratios Company Industry


Net Profit Margin (TTM) % 4.91 2.54
Return on Assets (TTM) % 7.76 4.03
Return on Equity (TTM) % 17.89 10.70
Current Ratio 1.77 1.51
Quick Ratio 0.68 0.51
Sales 5 Year Growth 2.86
Debt to Equity 0.65 0.75

Source: Morningstar

Stock Snapshot

Traded: New York Stock Exchange: TSN 2 Year Weekly End Price & Volume

As of 21-Jul-2017 Financials in: USD

Recent Price 61.88 EPS 4.79


52 Week High 77.05 Price/Sales 0.63
52 Week Low 55.72 Dividend Rate 0.90
Avg. Volume (mil) 2.87 Price/Earnings12.92
Market Value (mil)22,165.59 Price/Book 2.27
Beta 0.24

Source: Morningstar

D-U-N-S® Number: 00-690-3702 Key IDSM Number: 28940

1 - Profit & Loss Item Exchange Rate: USD 1 = USD 1


2 - Balance Sheet Item Exchange Rate: USD 1 = USD 1

© 2017 Dun & Bradstreet, Inc. All rights reserved.


© 2017 Morningstar. All Rights Reserved.

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Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

© 1983-2017 Reuters Research Inc. All Rights Reserved.


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Published by Dun & Bradstreet, Inc., 2017

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Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

Tyson Foods, Inc. Executives Report


Springdale, Arkansas, United States, Tel: 479-290-4000, URL: http://www.tysonfoods.com, Executives
Page

Board of Directors

Name Title Function Source


Vice President of Corporate Financial
Matt Ellis Planning and Analysis and Renewable
Chairman D&B
View Email Energy Finance, Vice President of Corporate
FI, Vice President
Social:

John H. Tyson Executive Chairman of the Board Chairman Reuters


Biography:
Mr. John H. Tyson is Executive Chairman of the Board of Tyson Foods Inc. Mr. Tyson has been a member of the
Board since 1984, has served as Chairman since 1998, and served as Chief Executive Officer from 2001 until 2006.
Mr. Tyson has devoted his professional career to the Company and brings extensive understanding of the Company,
its operations and the protein and food processing industries to the Board. Through his leadership experience gained
as a former Chief Executive Officer of the Company. Mr. Tyson provides the Board with critical insight into the
Company’s business. In addition, Mr. Tyson, through his association with the TLP, has a substantial personal interest
in the Company.
Source: Reuters

Age: 63
Source: Reuters

Compensation/Salary:$928,818
Compensation Currency: USD
Source: Reuters

Social:

Blake Alder
Director, Corporate Safety Director Director/Board Member D&B
View Email

Dustin Anhalt
Director Director/Board Member D&B
View Email

Social:

Karen Armstrong
Director Director/Board Member D&B
View Email

Social:

Gaurdie E. Banister Lead Independent Director Director/Board Member Reuters


Biography:
Mr. Gaurdie E. Banister Jr., is Lead Independent Director of Tyson Foods, Inc. He is currently retired, was the
President and Chief Executive Officer of Aera Energy LLC, a $5 billion oil and gas producer jointly owned by Shell
and ExxonMobil, from 2007 until his retirement in 2015. Prior to joining Aera Energy, Mr. Banister held a number of
management positions with Shell where he had responsibility for, among other things, strategic planning and
mergers and acquisitions. Mr. Banister also serves on the board of Marathon Oil Corporation. Mr. Banister has been a
member of the Board since 2011.
Source: Reuters

Age: 59
Source: Reuters

Education:
South Dakota School of Mines and Technology, BS (Metallurgical Engineering)
Source: Reuters

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Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

Social:

Mike D. Beebe
Independent Director Director/Board Member Reuters
View Email
Biography:
Gov. Mike Beebe is Independent Director of the Company. He currently serves as a member of the Governors’
Council of the Bipartisan Policy Center (“BPC”) in Washington, D.C. Prior to joining the BPC, he served as the
Governor of the State of Arkansas from 2007 to 2015. Prior to the governorship, he served as the state’s Attorney
General from 2003 to 2007, prior to which he served as a state senator for 20 years. Mr. Beebe also serves on the
board of Home BancShares, Inc. Mr. Beebe has been a member of the Board since 2015.
Source: Reuters

Age: 70
Source: Reuters

Education:
Arkansas State University, BA (Political Science)
University of Arkansas (Law)
Source: Reuters

Dean Decker Director Director/Board Member D&B

Rashad Delph
Director Director/Board Member D&B
View Email

Social:

Michael Draper Director, Information Technology / internet


Director/Board Member D&B
View Email Support

Social:

Mikel A. Durham
Independent Director Director/Board Member Reuters
View Email
Biography:
Ms. Mikel A. Durham is an Independent Director of the Company. He previously served as the Chief Commercial
Officer for CSM Bakery Solutions LLC (“CSM”), a global bakery supply manufacturer from 2014 to 2016. Prior to
joining CSM, Ms. Durham held a number of management positions with PepsiCo, Inc. between 2009 and 2014, finally
serving as global growth officer for PepsiCo Foodservice. Ms. Durham has been a member of the Board since 2015.
Source: Reuters

Age: 53
Source: Reuters

Education:
Smith College, BA (Economics)
Harvard Business School, MBA
Source: Reuters

Social:

Tyler Dutton
Director Compliance Assurance, Director Director/Board Member D&B
View Email

Social:

Scott T Ford Director Director/Board Member D&B

Linda Grant
Director-Purchasing, Director Director/Board Member D&B
View Email

Thomas P. Hayes
President, Chief Executive Officer, Director Director/Board Member Reuters
View Email

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Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

Biography:
Mr. Thomas P. Hayes is President, Chief Executive Officer, Director of the Company., since December 31, 2016. He
is President of the Company, having been appointed to that position in June 2016. Mr. Hayes also will become Chief
Executive Officer effective December 31, 2016. Mr. Hayes has been a member of the Board since November 2016.
Prior to his appointment as President, he served as Chief Commercial Officer since June 2015, prior to which he
served as President, Foodservice since 2014. Prior to this appointment, Mr. Hayes served as Chief Supply Chain
Officer for The Hillshire Brands Company (formerly the Sara Lee Corporation) since 2009. The Company acquired
The Hillshire Brands Company in 2014.
Source: Reuters

Age: 51
Source: Reuters

Education:
University of New Hampshire, BA (Psychology)
Northwestern University, MBA
Source: Reuters

Compensation/Salary:$712,954
Compensation Currency: USD
Source: Reuters

Robert Henry
Director Fleet Assets, Director Director/Board Member D&B
View Email

John Hinds
Director Director/Board Member D&B
View Email

Lisa Holmes
Director of Statistics, Director Director/Board Member D&B
View Email

Kevin M. McNamara
Independent Director Director/Board Member Reuters
View Email
Biography:
Mr. Kevin M. McNamara is Independent Director of Tyson Foods Inc. He Chief Executive Officer for CenseoHealth, a
nationwide leader in physician in-home health assessments and is the founding principal of McNamara Family
Ventures, a family investment office providing venture and growth capital to health care companies. He also served
as an operating partner in Health Evolution Partners, a healthcare focused private equity firm, from April 2013
through October 2014, and in that capacity served on the board of directors of Optimal Radiology Partners. He also
served as the Chairman of Agilum Healthcare Intelligence, a healthcare business intelligence company, from 2011 to
2015. He previously served as the Vice Chairman of Leon Medical Centers, a healthcare provider for Medicare
patients in Miami-Dade County, Florida, from 2010 to 2011. From 2005 to 2009 he was Executive Vice President,
Chief Financial Officer and Treasurer of HealthSpring, Inc., a managed care company. Mr. McNamara also serves on
the board of Luminex Corporation. Mr. McNamara has been a member of the Board since 2007. Mr. McNamara’s
financial expertise and professional experience are critical to the Board, the Audit Committee and the Compensation
and Leadership Development Committee. His experience overseeing financial reporting processes, internal
accounting and financial controls, as well as managing independent auditor engagements, qualifies him as an “audit
committee financial expert” within the meaning of the regulations of the SEC.
Source: Reuters

Age: 60
Source: Reuters

Education:
University of Richmond, MBA
Virginia Commonwealth University, BS (Accounting)
Source: Reuters

Cheryl S. Miller Independent Director Director/Board Member Reuters


Biography:
Ms. Cheryl S. Miller serves as Independent Director of the Company. She is Executive Vice President and Chief
Financial Officer for AutoNation, Inc., a publicly-traded automotive retailer with major metropolitan franchises and e-
commerce operations. She has served in this position since 2014, prior to which she served as Treasurer and Vice
President of Investor Relations since 2010 in which she was responsible all aspects of treasury, investor relations and
risk management. Prior to this position, Ms. Miller served as Vice President and Treasurer for JM Family Enterprises,

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Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

a diversified automotive company, and ION Media Networks. Ms. Miller has been a member of the Board since
December 2016. Her experience overseeing financial reporting processes, internal accounting and financial controls,
as well as managing independent auditor engagements, qualifies her as an “audit committee financial expert” within
the meaning of the regulations of the SEC.
Source: Reuters

Age: 44
Source: Reuters

Kay Norvel
Director Director/Board Member D&B
View Email

Nick Robertson
Director of Infrastructure, Director Director/Board Member D&B
View Email

Social:

Juan Rodriguez
Director Data Administration, Director Director/Board Member D&B
View Email

Brad Sauer
Director Director/Board Member D&B
View Email

Jeffrey K. Schomburger Independent Director Director/Board Member Reuters


Biography:
Mr. Jeffrey K. Schomburger is an Independent Director of the Company. Mr. Schomburger is Global Sales Officer,
Customer Business Development, for The Procter & Gamble Company (P&G). He has held numerous leadership
positions with P&G since joining the company in 1984, including President of the global Walmart team from 2005 to
2015. He began his career with P&G as a sales representative and held positions of increasing responsibility in the
company’s paper products business. He progressed to the company’s customer marketing organization, managing
various assignments in western Europe before returning to the United States to manage P&G’s Walmart team in
2005. Mr. Schomburger has been a member of the Board since December 2016.
Source: Reuters

Age: 54
Source: Reuters

Michael Tarvin
Director Director/Board Member D&B
View Email

Social:

Richard Thomason
Director, Director Project Manageent Director/Board Member D&B
View Email

Social:

Robert C. Thurber
Independent Director Director/Board Member Reuters
View Email
Biography:
Mr. Robert C. Thurber is Independent Director of Tyson Foods, Inc. He currently retired, served as Vice President of
purchasing from 1987 to 2007 for Sysco Corporation, which markets and distributes food products to restaurants,
healthcare and educational facilities, lodging establishments, and other foodservice and hospitality businesses. Mr.
Thurber has been a member of the Board since 2009. Mr. Thurber’s experience at a leading marketer and distributor
of food products to the foodservice industry is particularly relevant given the Company’s position as a leading
supplier of high quality protein and other food products to the foodservice industry. The Board believes that Mr.
Thurber’s extensive understanding of the foodservice industry provides valuable insight to address the challenges,
opportunities and operations of the Company’s complex business operations.
Source: Reuters

Age: 69
Source: Reuters

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Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

Ernest Tottori
Director of Pw Material Mnge, Director Director/Board Member D&B
View Email

Barbara A. Tyson
Independent Director Director/Board Member Reuters
View Email
Biography:
Ms. Barbara A. Tyson is Independent Director of Tyson Foods Inc. She served as Vice President of the Company until
2002, after which she became a consultant to the Company through 2011. Ms. Tyson has been a member of the
Board since 1988. Through her years of experience as both an officer and director of the Company, Ms. Tyson
developed an understanding of the Company and its operations, which allows her to assist the Board in its
development of the Company’s long-term strategy. Ms. Tyson, as the sole income beneficiary of the BT 2015 Fund,
also has a substantial personal interest in the Company.
Source: Reuters

Age: 67
Source: Reuters

Social:

Mario Valdovinos Director, Director of Culinary Services


Director/Board Member D&B
View Email Research and Development

Social:

Carl Wood
Director Network Services, Director Director/Board Member D&B
View Email

Social:

Amber Woods
Director Director/Board Member D&B
View Email

Social:

Albert Zapanta
Director Director/Board Member D&B
View Email

Executives

Name Title Function Source

Thomas P. Hayes
President, Chief Executive Officer, Director Chief Executive Officer Reuters
View Email
Biography:
Mr. Thomas P. Hayes is President, Chief Executive Officer, Director of the Company., since December 31, 2016. He
is President of the Company, having been appointed to that position in June 2016. Mr. Hayes also will become Chief
Executive Officer effective December 31, 2016. Mr. Hayes has been a member of the Board since November 2016.
Prior to his appointment as President, he served as Chief Commercial Officer since June 2015, prior to which he
served as President, Foodservice since 2014. Prior to this appointment, Mr. Hayes served as Chief Supply Chain
Officer for The Hillshire Brands Company (formerly the Sara Lee Corporation) since 2009. The Company acquired
The Hillshire Brands Company in 2014.
Source: Reuters

Age: 51
Source: Reuters

Education:
University of New Hampshire, BA (Psychology)
Northwestern University, MBA
Source: Reuters

Compensation/Salary:$712,954
Compensation Currency: USD
Source: Reuters

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Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

Malik Sadiq Asia-Pacific, Senior Vice President, Chief


Chief Executive Officer D&B
View Email Executive Officer and Country Ma...

Susan M Boyd
Chief Financial Officer, President President D&B
View Email

Social:

Andrew P. Callahan President - North American Foodservice &


President Reuters
View Email International
Biography:
Mr. Andrew P. Callahan is President - North American Foodservice & International of Tyson Foods, Inc. Mr. Callahan
was appointed President, Retail Packaged Brands in September 2014. Mr. Callahan previously served as Executive
Vice President and President, Retail of The Hillshire Brands Company (“Hillshire Brands”) since 2012, prior to which
he served as Senior Vice President, Chief Customer Officer for Sara Lee Corporation's (“Sara Lee”) North American
operations from 2011 to 2012, after serving as President of Sara Lee's North American Foodservice segment from
2009 to 2011. Hillshire Brands was acquired by the Company in August 2014.
Source: Reuters

Age: 50
Source: Reuters

Social:

Craig Fredricksen
President President D&B
View Email

Social:

Sally Grimes
President - North American Retail President Reuters
View Email
Biography:
Ms. Sally Grimes is President - North American Retail of Tyson Foods, Inc. Ms. Grimes was appointed President of
International and Chief Global Growth Officer in June 2015 following her appointment as President and Global Growth
Officer in September 2014. Ms. Grimes previously served as Senior Vice President, Chief Innovation Officer and
President, Gourmet Food Group of Hillshire Brands since 2012. Prior to joining Hillshire Brands, Ms. Grimes served as
Global Vice President, Marketing for the writing and creative expression business unit at Newell Rubbermaid, Inc.
(global marketer of consumer and commercial products) from 2007 to 2012.
Source: Reuters

Age: 45
Source: Reuters

Social:

Donnie D. King
President, North American Operations President Reuters
View Email
Biography:
Mr. Donnie D. King is President, North American Operations of Tyson Foods Inc. He was appointed President North
American Operations in June 2015 following his appointment as President of North American Operations and Food
Service in 2014. He previously served as President of Prepared Foods, Customer and Consumer Solutions since
2013, Senior Group Vice President, Poultry and Prepared Foods since 2009, Group Vice President, Refrigerated and
Deli since 2008, Group Vice President, Operations since 2007, Senior Vice President, Consumer Products Operations
since 2006 and Senior Vice President, Poultry Operations since 2003. Mr. King was initially employed by Valmac
Industries, Inc. in 1982. Valmac Industries, Inc. was acquired by the Company in 1984.
Source: Reuters

Age: 54
Source: Reuters

Education:
University of Arkansas, Monticello (Business Management)
Source: Reuters

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Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

Compensation/Salary:$856,946
Compensation Currency: USD
Source: Reuters

Social:

Tim Madigan Vie President, E-Commerce President D&B

Jeanette Nida
Chief Financial Officer President President D&B
View Email

Sheldon Phillips
President Chicago Service Center President D&B
View Email

Social:

William Roper
President Operations And Finance President D&B
View Email

Stephen R. Stouffer President - Fresh Meats President Reuters


Biography:
Mr. Stephen R. Stouffer is President, Fresh Meats of Tyson Foods Inc. Mr. Stouffer was appointed President, Fresh
Meats in 2013, after serving as Senior Vice President, Beef Margin Management since 2012, prior to which he served
as Vice President, Ground Beef, Trim and Variety Meats Sales since 2009, and Director, Ground Beef, Trim and
Carcass Sales since 2006. Mr. Stouffer was initially employed by IBP, inc. in 1982.
Source: Reuters

Age: 56
Source: Reuters

Social:

Alvin Anderson
Group Controller Division Head Executive D&B
View Email

Stan Andrews
Technology Group Manager Division Head Executive D&B
View Email

Ronald Bolton
General Manager Division Head Executive D&B
View Email

Leon Dickson
General Manager Division Head Executive D&B
View Email

Randy Downham
General Manager Division Head Executive D&B
View Email
Plant Automation Group at Tyson Foods,
Tom Fetner
Information Systems Director, Director Division Head Executive D&B
View Email
Application Developroject Managerent
Social:

Donnie Ganoung
Division Manager Division Head Executive D&B
View Email

Social:

Richard Greubel
Group Vice President International Division Head Executive D&B
View Email

Social:

Chuck Ibold
General Manager Division Head Executive D&B
View Email

Kenneth Kimbro
Group Vice President Division Head Executive D&B
View Email

Social:

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Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

Angela Klinger
Group Controller II Division Head Executive D&B
View Email

Social:

John Lea
Group Director Of Compliance Division Head Executive D&B
View Email

David Mantooth
Division Vice President Division Head Executive D&B
View Email

Ward Maresca
General Manager Division Head Executive D&B
View Email

Nathan Mckay
Division Operations Manager Division Head Executive D&B
View Email

Tom Mellott
Group Controller Ii Division Head Executive D&B
View Email

Social:

Wes Morris Senior Vice President And General Manager-


Division Head Executive D&B
View Email Wholesale Clubs

Social:

Vice President, Finance, Retail Packaged


Garrett Olson Division Head Executive D&B
Brands Group
Social:

Tim Price
Division Manager Division Head Executive D&B
View Email

Social:

Terry Quast Divisional Human Resources Manager,


Division Head Executive D&B
View Email Manager

Social:

Russell Robicheaux
General Manager Division Head Executive D&B
View Email

Shonna Smith
Senior Group Controller Division Head Executive D&B
View Email

Michael Swanner
Division Production Controller Division Head Executive D&B
View Email

Social:

Purchaisng Corporate Purchasing,


Rob Tanksley
Administration Executive, Director, Director Division Head Executive D&B
View Email
Purchasing, Vice President of Operations
Social:

Susan Taylor
Division FSQA Manager at Tyson Foods Division Head Executive D&B
View Email

Social:

Meredith Upchurch
Division Controller Division Head Executive D&B
View Email
Director, Information Technology, Fresh
Lori Walker Division Head Executive D&B
Meats Division
Social:

Page 12
Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

Terence Alpe
Principal, Senior Property Accountant Senior Management (General) D&B
View Email

Joyce Arias
Attorney, Executive Officer Senior Management (General) D&B
View Email

Jan Barnsley
Executive Officer Senior Management (General) D&B
View Email

Jeff Boyd
Edi Project Lead, Executive Officer Senior Management (General) D&B
View Email

Social:

Roy Brister
Vice President Senior Management (General) D&B
View Email

Social:

Boyd Bulger Senior Vice President Sales Admin and


Senior Management (General) D&B
View Email Pricing, Senior Vice President
Senior Vice President, Chief Accounting
Curt T. Calaway Senior Management (General) Reuters
Officer, Controller
Biography:
Mr. Curt T. Calaway is Senior Vice President, Chief Accounting Officer, Controller of Tyson Foods, Inc. He was
appointed Senior Vice President, Controller and Chief Accounting Officer in 2012, after serving as Vice President,
Audit and Compliance since 2008, prior to which he served as the Company's Senior Director of Financial Reporting.
Mr. Calaway was initially employed by the Company in 2006.
Source: Reuters

Age: 43
Source: Reuters

Executive Vice President, Operations


Howell P. Carper Senior Management (General) Reuters
Services
Biography:
Mr. Howell P. Carper is Executive Vice President, Operations Services of Tyson Foods, Inc. After serving as Executive
Vice President, Strategy and New Ventures since 2013. He previously served as Group Vice President, Research and
Development, Logistics, and Technical Services since 2008, prior to which he served as Senior Vice President,
Corporate Research and Development since 2003, and Senior Vice President and General Manager, Foodbrands
Foodservice since 2001. Mr. Carper was appointed by IBP, inc. as Senior Vice President, Sales and Marketing in
1999. IBP, inc. was acquired by the Company in 2001. Prior to employment with IBP, inc., he served as Senior Vice
President, Sales and Marketing with Foodbrands, Inc., which was acquired by IBP, inc. in 1997.
Source: Reuters

Age: 62
Source: Reuters

James Drury
Corporate Counsel, Executive Senior Management (General) D&B
View Email
Vice President of Corporate Financial
Matt Ellis Planning and Analysis and Renewable
Senior Management (General) D&B
View Email Energy Finance, Vice President of Corporate
FI, Vice President
Social:

Jacky Fletcher Founder, Manager, Quality Controller


Senior Management (General) D&B
View Email Manager

Robert George
Principal Senior Management (General) D&B
View Email

Marvin Gerlach
Principal, Other Contacts Senior Management (General) D&B
View Email

Social:

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Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

Louis Gottsponer
Vice President Senior Management (General) D&B
View Email

Social:

Devin Graham Vice President, Technology and Support Senior Management (General) D&B

Social:

T Gusick
Executive Officer Senior Management (General) D&B
View Email

Steven Hankins
Executive Vice President Senior Management (General) D&B
View Email

Social:

Senior Vice President Chief AC, Senior Vice


Craig Hart
President, Senior Vice President Chief Senior Management (General) D&B
View Email
Accounting Officer And Controller
Social:

Jenise Huffman
Executive Officer Senior Management (General) D&B
View Email

Kevin Igli
And Safety Officer, Founder Senior Management (General) D&B
View Email

Social:

Les Kimbrough
Vice President Senior Management (General) D&B
View Email

Lindsey Kufahl
Executive Officer Senior Management (General) D&B
View Email

Dennis Leatherby Chief Financial Officer, Executive Vice


Senior Management (General) Reuters
View Email President
Biography:
Mr. Dennis Leatherby is Chief Financial Officer, Executive Vice President of Tyson Foods Inc. was appointed Executive
Vice President and Chief Financial Officer in 2008 after serving as Senior Vice President, Finance and Treasurer since
1998. He also served as Interim Chief Financial Officer from 2004 to 2006. Mr. Leatherby was initially employed by
the Company in 1990.
Source: Reuters

Age: 56
Source: Reuters

Education:
Kansas State University (Finance and Accounting)
Source: Reuters

Compensation/Salary:$660,390
Compensation Currency: USD
Source: Reuters

James Lochner Chief Operating Officer - Chief Operating


Senior Management (General) D&B
View Email Officer, Vice President

Tammy Mikeska
Principal Senior Management (General) D&B
View Email

Social:

Vice President, Vice President Federal


Charles Penry
Governmental Relations, Executive Officer, Senior Management (General) D&B
View Email
Government Relations

Page 14
Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

Social:

Will Sagar
Principal, Director-Human Resources Senior Management (General) D&B
View Email

Alan Shanks Vice President Shared Accounting Services,


Senior Management (General) D&B
View Email Vice President

Scott Stillwell
Principal Senior Management (General) D&B
View Email

Social:

Dale Tellers Vice President Warehousing Senior Management (General) D&B

Judy Thorne
Executive Officer Senior Management (General) D&B
View Email

Social:

David L. Van Bebber Executive Vice President, General Counsel Senior Management (General) Reuters
Biography:
Mr. David L. Van Bebber is Executive Vice President, General Counsel of Tyson Foods Inc. Mr. Bebber was appointed
Executive Vice President and General Counsel in 2008, after serving as Senior Vice President and Deputy General
Counsel since 2004. Mr. Van Bebber was initially employed by Lane Processing in 1982. Lane Processing was
acquired by the Company in 1986.
Source: Reuters

Age: 60
Source: Reuters

Education:
University of Arkansas, B
University of Arkansas (Law)
Source:

Social:

Anthony Wheeler
Founder, Senior Project Leader Senior Management (General) D&B
View Email

Social:

Joey White
Executive Senior Management (General) D&B
View Email

Social:

Kevin Whitfield
Other Contacts, Executive Officer Senior Management (General) D&B
View Email

Social:

Paul Williams
Executive Senior Management (General) D&B
View Email

Social:

Blake Alder
Director, Corporate Safety Director Operations Executive D&B
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John Askegaard
Corporate Environmental Manager Operations Executive D&B
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Page 15
Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

Paula Bates
Quality Assurance Manager Operations Executive D&B
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Jim Bennett
Director of Operations Operations Executive D&B
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Brian Boyd
Operations Executive Operations Executive D&B
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James Brown
Plant Manager Operations Executive D&B
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Kristina Brush-Lambert Senior Director of Marketing, Associate


Operations Executive D&B
View Email Production Manager

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Prepared Foods, Operations Finance and


Accounting, Senior Vice President, Sales and
Marty Bryan
Marketing Director, Director-Sales and Operations Executive D&B
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Manager
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Don Bynum
Plant Manager Operations Executive D&B
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Ron Chapman
Plant Manager Operations Executive D&B
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Glenn Clancy
Inbound Logistics Manager Operations Executive D&B
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Denise Collins
Safety Manager Operations Executive D&B
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Dean Danilson Vice President of Food Safety and Quality


Operations Executive D&B
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David Dare
Manager, Food Safety Auditing Operations Executive D&B
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Andy Duvall
Maintenance Manager Operations Executive D&B
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Terry Easterling
Facilities Manager Operations Executive D&B
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Rodney Edwards
Vice President Operations Accounting Operations Executive D&B
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Shannon Fancher
Plant Manager Operations Executive D&B
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Page 16
Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

Jimmy Gabel Manager, Business Intelligence and Data


Operations Executive D&B
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Michael Glenn
Facilities Manager Operations Executive D&B
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Clinton Gordon
Facilities Manager, Director of Facilities Operations Executive D&B
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Mary Hale
Production Coordinator Operations Executive D&B
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Director Of Sustainability, Environmental
Leigh Johnston
Health and Safety Traini, Ehs Training Operations Executive D&B
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John Laird
Logistics Manager Operations Executive D&B
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Vernon Marrs
Maintenance Manager Operations Executive D&B
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Herman Ochoa
Safety Manager Operations Executive D&B
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Randal Payne
Environmental Manager Operations Executive D&B
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Bradley Pierce
Corporate Transportation Manager Operations Executive D&B
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Executive Vice President, Technology


Michael Roetzel Officer, Operation Services, Purchasing, Vice
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Ernesto Sanchez
Manager Quality Assurance Operations Executive D&B
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Jimmy Shreve
Plant Manager Operations Executive D&B
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Lisa Sigmon
Quality Assurance Manager Operations Executive D&B
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Robin Singleton
Plant Quality Assurance Manager Operations Executive D&B
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Page 17
Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

Kurt Suther
Plant Manager Operations Executive D&B
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Steve Taylor Senior Vice President of Opera, Senior Vice


Operations Executive D&B
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Merrill Ware
Plant Manager Operations Executive D&B
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Scott Wilkinson
Transportation Manager Operations Executive D&B
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Todd Wilson
Operations Manager Operations Executive D&B
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Mark Graham
Human Resources And Safety Manager Environment/Safety Executive D&B
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Realene Atwood
Executive Assistant Administration Executive D&B
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Jenifer Bauer
Administrator Administration Executive D&B
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James Damski
Administrator, Manager, IS Security Administration Executive D&B
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Robert Dreiling
Administrator Administration Executive D&B
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Mark Hayre
Administrator Administration Executive D&B
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A Billie Holman Finance And Business Process Manager,


Administration Executive D&B
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Ricky Horton
Administration Staff Administration Executive D&B
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Tim Mcgovern
Administrator Administration Executive D&B
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Linda Ray NT Systems Administrator, Administrative


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Alex Sanchez Employment Compliance Specialist,


Administration Executive D&B
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Page 18
Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

Sherry Shrum
Administrative Assistant Administration Executive D&B
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Matt Venable
Administration Staff Administration Executive D&B
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Teresa Willard
Administration Staff Administration Executive D&B
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Senior Security Analyst, Director
Doug Fieldhouse Security D&B
Information Security
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Larry Alsip Assistant Vice President Credi, Finance,


Finance Executive D&B
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Brian Baker
Controller Finance Executive D&B
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Darby Benson
Production Controller Finance Executive D&B
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Matt Boyers
Controller Engineer Finance Executive D&B
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David Chrisman
Manager, Information Technology Audit Finance Executive D&B
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Robert Clifton
Credit Manager Finance Executive D&B
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Bill Clough
Purchasing Manager Finance Executive D&B
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Michael Clowers Senior Manager of Sourcing at Tyson Foods,


Finance Executive D&B
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Heather Douglas
Senior Financial Analyst Finance Executive D&B
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Tyler Dutton
Director Compliance Assurance, Director Finance Executive D&B
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Richard Dutton
Purchasing Manager Finance Executive D&B
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Tom Freesman
Controller Finance Executive D&B
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Linda Grant
Director-Purchasing, Director Finance Executive D&B
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Joan Gursky
Director of Purchasing Finance Executive D&B
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Page 19
Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

Thomas Harris Senior Director Finance, Director Risk


Finance Executive D&B
View Email Management Services

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Jim Kever
Director Supply Chain Finance Executive D&B
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Taylor Linda
Accounting clerk Finance Executive D&B
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Ronald Link Controller, Vice President Sales And


Finance Executive D&B
View Email Business Develo

John Martin Senior Manager Corporate Social


Finance Executive D&B
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David Mcque
Purchasing Director Finance Executive D&B
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Jody Meins
Purchasing Manager Finance Executive D&B
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Stan Moore
Director Of Data Security Finance Executive D&B
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Melanie Nickles
Purchasing Manager Finance Executive D&B
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Juan Rodriguez
Director Data Administration, Director Finance Executive D&B
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Terry Schwartz
Controller Finance Executive D&B
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Brian Shores
Senior Developer, RP Controller - Sales Finance Executive D&B
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Philip Smith
Director Livestock Procurement Finance Executive D&B
View Email

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Nettie Smith
Purchaser Finance Executive D&B
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Becky Stockalper
Controller Finance Executive D&B
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Peggy Stumpf
Finance Executive Finance Executive D&B
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Tony Swindle
Director Commodities Purchasing Finance Executive D&B
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Robin Tipton
Accounting clerk Finance Executive D&B
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Susan Upchurch
Senior Director Customer Finance Finance Executive D&B
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Kimberly Walz
Accounts Payable Manager Finance Executive D&B
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Mike Wetzel
Vice President of Purchasing, Partner Finance Executive D&B
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Dan Whitby
Director Purchasing, Purchasing Finance Executive D&B
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Kevin Willis Chief Financial Officer And Corporate


Finance Executive D&B
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Page 20
Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

Plant Controller, Accountant, Purchasing &


Kevin Young
Procurement Executive, Director Technical Finance Executive D&B
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Christopher R Alsip Cash Manager, Information Technology


Cash Management Executive D&B
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Vickie Trammel
Assistant Cash Manager Cash Management Executive D&B
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Rick Spellins
Trader Investment Executive D&B
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Kathryn Tucker Benefits & Compensation


Benefits Manager D&B
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Joe Allen
Human Resources Manager Human Resources Executive D&B
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Tamara Burnett
Human Resources Director Human Resources Executive D&B
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Jim Burns
Manager of Human Resources Human Resources Executive D&B
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Theresa Case
Director of Human Resources Human Resources Executive D&B
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David Cordero
Human Resources Manager Human Resources Executive D&B
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Anthony Deleon
Personnel Manager Human Resources Executive D&B
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Jack Dunn
Human Resources Executive Human Resources Executive D&B
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Ralph Guizar
Employment Manager Human Resources Executive D&B
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Danielle Harden
Training Manager Human Resources Executive D&B
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Pamela Hartwell
Human Resources Manager Human Resources Executive D&B
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Susan Jones
Manager Laborcomp / Hris Strategic Human Resources Executive D&B
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Carrie Karney
Recruitment Manager Human Resources Executive D&B
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John Kose
Human Resources Manager Human Resources Executive D&B
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Monica Martinez
Human Resources Manager Human Resources Executive D&B
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James Murray Human Resources Director and Vice


Human Resources Executive D&B
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Linda Murray Manager Human Resources Information


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Page 21
Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

John Pope
Director of Human Resources Human Resources Executive D&B
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Kimberly Richter
Human Resource Director, Partner Human Resources Executive D&B
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Gidget Riley
Manager, Hris Project Manager Human Resources Executive D&B
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Dan Risher
Human Resources Manager Human Resources Executive D&B
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Kelly Robertson Complex Human Resource Manager,


Human Resources Executive D&B
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Treat Sandra
Human Resources Manager Human Resources Executive D&B
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Karen Shank Director of Personnel, Human Nutritionist,


Human Resources Executive D&B
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Richard Sharp
Human Resources Director & Vice President Human Resources Executive D&B
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Dana Sherwood
Personnel Human Resources Executive D&B
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Eric Simms
Information Technology Recruiter Human Resources Executive D&B
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Carrie Storino-Salgado
Senior Manager Human Resources Human Resources Executive D&B
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Matthew Stupica
Human Resources Manager Human Resources Executive D&B
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Director Manager Department Head Chief
Sammy Terrell
Supt Personnel, Director / Manager / Human Resources Executive D&B
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Department Head / Chief
Chuck Yarbrough
Personnel Human Resources Executive D&B
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Scott Rouse Chief Customer Officer Customer Service Executive Reuters

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Jim Scott
Manager, Customer Development Manager Customer Service Executive D&B
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David Beavers Sales & Marketing Manager, Manager, Plant


Sales Executive D&B
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Wendy Bennett
Senior Key Account Manager Sales Executive D&B
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Fred Casey
Vice President Sales Sales Executive D&B
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Page 22
Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

Richard Dunham
Sales and Marketing Director Sales Executive D&B
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Mark Elser Vice President, Channel and Customer


Sales Executive D&B
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Roy Franco
Marketing Executive Sales Executive Sales Executive D&B
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Rick Garcia
Vice President - Sales Sales Executive D&B
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Jennifer Gibson
Sales Marketing Manager Sales Executive D&B
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Bob Harris
Sales Manager, Sales Executive Sales Executive D&B
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Jeff Hensley
Senior Director National Accounts Sales Executive D&B
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Jerry Holbrook Vice President Fresh Meats Field Sales,


Sales Executive D&B
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Johnny Hughes Marketing Director, Senior Vice President,


Sales Executive D&B
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Dennis Jones
Director Military Sales Sales Executive D&B
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Mike Keeley
SLS / Regional Manager Sales Executive D&B
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Jabari Mcintosh Senior Director Customer Insight and


Sales Executive D&B
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Mike Morrison
Vice President of Sales Sales Executive D&B
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Charles Mostek Executive Vice President-Sales and


Sales Executive D&B
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Lyle Nicholson Vice President Sales Sales Executive D&B

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Michael Shinstine
Senior Director, Sales Planning Sales Executive D&B
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Page 23
Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

Lori Simco Vice President of Business Development Sales Executive D&B

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Glenn Thomas
Director of Business Process Change Sales Executive D&B
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Russell Tooley Executive Vice President, Business Process


Sales Executive D&B
View Email and Continuous Improvement

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Zong Vue
Sales And Scheduling Coordinator Sales Executive D&B
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Bert Wilson
Messaging / web Service Manager Sales Executive D&B
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Drew Wolfe
Regional Sales Manager Sales Executive D&B
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Charlie Clark Chief Marketing Officer International, Chief


International Executive D&B
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Richard Athey
Marketing Director Marketing Executive D&B
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Gary Baxter
Director of Marketing Marketing Executive D&B
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Sue Devore
Marketing Manager Marketing Executive D&B
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Tommy Gerrard Marketing Staff Marketing Executive D&B

Robin Harlow Trade Show Coordinator, Public Relations


Marketing Executive D&B
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Cathy Johnson
Product Manager-Retail Branding-Deli Meats Marketing Executive D&B
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Eric Leblanc
Vice President Marketing Marketing Executive D&B
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Bradley Luedtke
Marketing Manager Marketing Executive D&B
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Todd Menotti Senior Director Federal Governmental Rel,


Marketing Executive D&B
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Sarah Moore
Trade Marketing Manager Marketing Executive D&B
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Ed Nicholson Director Of Media And Community Relations,


Marketing Executive D&B
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Page 24
Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

Nadine Rich
Senior Brand Manager Marketing Executive D&B
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Andrew Rojeski Vice President, Pet Products Marketing Executive D&B

Jeff Sandore Senior Vice President and Marketing


Marketing Executive D&B
View Email Manager, Senior Vice President and Mark

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Archie Schaffer Director Media, Public, & Governmental


Marketing Executive D&B
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Senior Vice President Consumer Products,


Gary Sheneman
Senior Vice President Case Ready Beef & Marketing Executive D&B
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Pork
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Brad Skwarski
Trade Promotions Analyst Marketing Executive D&B
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Donnie Smith Manager, President, Chief Executive


Marketing Executive D&B
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Kristal Walton
Assistant Brand Manager Marketing Executive D&B
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Jeff Webster
Vice President Marketing Marketing Executive D&B
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Manager Analysis, Manufacturing Director,
Kevin Winn
FS Planning & Pricing - Management, Marketing Executive D&B
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Assistant Product Manager
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Jon Kathol Vice President - Investor Relations Investor Relations Executive Reuters

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Roger Blue
Project Manager-Information Technology Information Executive D&B
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Damon Brewer
Data Center Supervisor Information Executive D&B
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Randall Burdick
Management Information Systems Manager Information Executive D&B
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Laura Davis Information Technology Manager, Team


Information Executive D&B
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Sherri Dewitt
Information Systems Director Information Executive D&B
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Michael Draper Director, Information Technology / internet


Information Executive D&B
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Page 25
Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

Ed Fair
Director - Information Technology Information Executive D&B
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Steve Foley
ITInternet Support Information Executive D&B
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Lane Galyean
Systems Analyst Information Executive D&B
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Keith Harris
Director, Information Systems Information Executive D&B
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Shannon Helms Director of Data Processing, Database


Information Executive D&B
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Tim Holt
Information Systems Specialist Information Executive D&B
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Ann James
Information Technology Manager Information Executive D&B
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Stacy Jaycoxcbap Director Information Systems Program


Information Executive D&B
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David Ledbetter
Information Technology Manager Information Executive D&B
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Barry Leonard Director Midrange Systems, Information


Information Executive D&B
View Email Systems, Director Infrastructure

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Weixuan Li
Information Technology Manager Information Executive D&B
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Jd Lukassen
Packaging Applications Manager Information Executive D&B
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Herbert Markwardt
Information Technology Director Information Executive D&B
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Jeff Miller Manufacturing Systems Manager,


Information Executive D&B
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Chris Poland
Information Technology Manager Information Executive D&B
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Alan Queen
Information Technology Director Information Executive D&B
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Cherie Reinhardt
Senior Master Data Analyst Information Executive D&B
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Page 26
Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

Director, Manufacturing and Costing


Les Ross Information Executive D&B
Applications
Homero Ruizavila
Systems Engineer Information Executive D&B
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Robin Rutherford Information Technology Support Officer,


Information Executive D&B
View Email Information Technology Director

Joe Ryals
Information Technology Staff Information Executive D&B
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Michael Salmon
Information Technology Manager Information Executive D&B
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Dennis Sander
Systems Engineer Information Executive D&B
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Steven Shelton
Information Technology Manager Information Executive D&B
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Dwight Siedschlag Systems Data Processing Manager, Process


Information Executive D&B
View Email Engineering Manager

Jack Stewart
Manager, Infrastructure Support Services Information Executive D&B
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Michael Threlfall Project Leader Information Technology ...,


Information Executive D&B
View Email Project Leader

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Joel Tyler
Management Information Systems Manager Information Executive D&B
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Kevin Vanwyhe
Manager, Manager - Corporate Data Center Information Executive D&B
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Michael Walker
Manager of Systems Support Information Executive D&B
View Email

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Robert Zimmerman
Vice President Information Technology Information Executive D&B
View Email

Stan Dillon Network Management


Senior Network Engineer D&B
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Brett Shaffer Network Management


Network engineer, Senior Network Engineer D&B
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Carl Wood Network Management


Director Network Services, Director D&B
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Howard Alsdorf Engineering/Technical


Vice President, IS Shared Services D&B
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Page 27
Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

Craig Bacon Senior Vice President, Corporate Research Engineering/Technical


D&B
View Email and Development, Manager Executive

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John Bell Engineering/Technical


Senior Database Administrator D&B
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Krishnakant Bhatt Engineering/Technical


Senior Project Engineer D&B
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Bob Bonds Engineering/Technical


Senior Process Engineer D&B
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Wade Bruns Engineering/Technical


Senior Industrial Engineer D&B
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Frank Ching Engineering/Technical


Programmer / Analyst D&B
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Randy Erickson Engineering/Technical


Desktop Support Manager D&B
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Sharla Grammer Engineering/Technical


Senior Programmer / Analyst D&B
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Laura Jackson Engineering/Technical


Senior Programmer / Analyst D&B
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Bill Jasinski Engineering/Technical


Manager, New Technologies D&B
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Onika Jones Engineering/Technical


Senior Process Engineer D&B
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Mark King Engineering/Technical


Development Manager D&B
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Jeffrey Kulbeth Engineering/Technical


Senior SAP Programmer / Analyst D&B
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Brandon Lachner Engineering/Technical


Senior Project Engineer D&B
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Jeff Mabeus Engineering/Technical


Technical Shop Supervisor D&B
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Jamie Mackey Engineering/Technical


Senior Project Engineer D&B
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Kendall Ney Engineering/Technical


Senior Industrial Engineer D&B
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Page 28
Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

Jeff Niel Engineering/Technical


Product Engineering Manager D&B
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Lee Nordin Engineering/Technical


Production Engineering Manager D&B
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Dave O'Brien SAP Release Management, Technology Engineering/Technical


D&B
View Email Director, Director Executive

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Merry Ortberg Engineering/Technical


Engineering Manager D&B
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Brian Penne Engineering/Technical


Senior Programmer / Analyst D&B
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Gerard Peters Engineering/Technical


Senior Business Engineer D&B
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Adam Pfeifer Engineering/Technical


Senior Project Engineer D&B
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Kenneth Ritz Engineering/Technical


Engineering Manager D&B
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Jason Rose Engineering/Technical


Senior Programmer Analyst D&B
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James Ruff Engineering/Technical


Senior Project Engineer D&B
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Mark Sarratt Corporate Staff Director Manufacturing & Engineering/Technical


D&B
View Email Engineering, Plant Manager Executive

Allen Tetrick Engineering/Technical


Lead Programmer / Analyst D&B
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Paul Whitley Engineering/Technical


Director Engineering Services D&B
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Wade Whittington Engineering/Technical


Supervisor, Chemistry Lab Supervisor D&B
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Conni Williams Engineering/Technical


Chief Technology Officer D&B
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Steve Wynn Engineering/Technical


Principal Software Developer D&B
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Kim Glenn Research & Development


Director of Research and Development D&B
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Page 29
Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

Lawrence Sampson Research & Development


Project Manager D&B
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Russell Thoms Research & Development


Research and Development Manager D&B
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Lee Trivett Research & Development


Research Manager D&B
View Email Executive

Mario Valdovinos Director, Director of Culinary Services Research & Development


D&B
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John Witzig
Corporate Counsel Legal Executive D&B
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Diane Beffa
Manufacturing Director Manufacturing Executive D&B
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Theodore Burnett
Vice President Manufacturing Services Manufacturing Executive D&B
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Jamie Burr
Live Production EHS Manager Manufacturing Executive D&B
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Gloria Roles
Manufacturing Director Manufacturing Executive D&B
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Victor Rosier
Plant Ehs Manager Manufacturing Executive D&B
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Winston Turner
Manager of Production Manufacturing Executive D&B
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Robert Henry
Director Fleet Assets, Director Logistics Executive D&B
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Lindsay Piepho
Vice President Of Direct Materials Purchasing Executive D&B
View Email

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Brenda Raley
Materials Manager Purchasing Executive D&B
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Linda Beck
Partner Partner D&B
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Jason Hudlow
Partner Partner D&B
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Gary Walker
Partner Partner D&B
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Terry Amerson
Manager Other D&B
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Cindy Bradford
Manager Other D&B
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Matt Bunch
Manager Other D&B
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Page 30
Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

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Mary Bunkers
Manager Other D&B
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Tammy Cannon
Manager Other D&B
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Sandy Cartmell
Manager, External Reporting Other D&B
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Lee Deroos
Manager Other D&B
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Karen Doan
Manager Other D&B
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Chris Douglas
Refrigeration Supervisor Other D&B
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Darwin Gore Vice President and General Man Other D&B

Fibi Greenccep
Manager Other D&B
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Dinesh Hegde
Director Infrastructure Services Other D&B
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Harold Heinze
Manager Other D&B
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Craig Ledbetter Manager Other D&B

Carolina Lee
Manager Other D&B
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Rhonda Leucuta
Coupons Manager Other D&B
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Pamela Lewis
Corporate Executive Chef Other D&B
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Gregg Luebbering
Breeder / Hatchery Manager Other D&B
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John Mckeone
Director Of PW Material Mnge Other D&B
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Rodney Nagel
Manager Other D&B
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Ken Nelson
Br Manager Other D&B
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Kevin Ownbey
Complex Manager Other D&B
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Page 31
Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

Gail Padak Manager Other D&B

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Donn Paul
Director Organization Development Other D&B
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Jerri Pickett
Manager Other D&B
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Sue Quillin
Vice President Generate Demand Other D&B
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Keith Riley
Manager Other D&B
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Larry Shelton
Manager Other D&B
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Jim Shilling
Manager Other D&B
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Charles Solomon
Manager Other D&B
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Larry Thomas
Manager Other D&B
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Gary Van Wyhe


Senior Sourcing Manager Other D&B
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Nora Venegas
Director Federal Governmental Relations Other D&B
View Email

Social:

Wilson Winn Manager Other D&B

Social:

Annetta Young Corporate Philanthropy, Manager, Manager


Other D&B
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Data Noted as Source: D&B , © 2017 Dun & Bradstreet, Inc. All rights reserved.
Data Noted as Source: Reuters , © 1983-2017 Reuters Research Inc. All Rights Reserved.

Published by Dun & Bradstreet, Inc., Aug, 2017

Page 32
Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

Tyson Foods, Inc. Corporate Overview


Location Quote Symbol - Exchange Incorporation Date: 1935
2200 W Don Tyson Pkwy TSN - New York Stock Exchange Company Type: Public Parent
Springdale, AR, 72762-6901 Sales USD(mil): 36,881.0 Quoted Status: Quoted
Washington County Assets USD(mil): 22,373.0 President, Chief Executive Thomas P.
United States Employees: 114,000 Officer, Director: Hayes
Fiscal Year End: 01-Oct-2016
Tel: 479-290-4000 D-U-N-S® 00-690-3702
Number:
Fax: 479-751-0834
KeyIDSM: 28940
www.tysonfoods.com
Industry: Food Processing

Contents
Industry Codes Market Data
Business Description Key Corporate Relationships
Financial Data Additional Information

Corporate Highlights
Tradestyle: TYSON
Women Owned: No
Minority Owned: No
Franchise Status: Not a Franchise
Prescreen Score: Low Risk

Key Corporate Relationships


Auditor: PricewaterhouseCoopers LLP
Jpmorgan Chase Bank N.A., Tcf Equipment Finance A Division Of Tcf National Bank, Banc Of
America Leasing & Capital Llc, Crown Credit, Farm Credit Leasing Services Corp, Fifth Third
Bank: Equipment Finance, General Electric Credit Corp Of Tennessee, Ibm Credit Llc, Nmhg Financial
Services Inc, Rbs Asset Finance Inc, Tcf Equipment Finance Inc, Toyota Motor Credit Corp,
Raymond Leasing Corp
Auditor: PricewaterhouseCoopers LLP

Industry Codes

ANZSIC 2006 Codes:


1111 - Meat Processing
1191 - Potato, Corn and Other Crisp Manufacturing
1112 - Poultry Processing
1140 - Fruit and Vegetable Processing
1192 - Prepared Animal and Bird Feed Manufacturing

ISIC Rev 4 Codes:


1010 - Processing and preserving of meat
108 - Manufacture of prepared animal feeds
1030 - Processing and preserving of fruit and vegetables
1079 - Manufacture of other food products n.e.c.

NACE Rev 2 Codes:


1011 - Processing and preserving of meat
109 - Manufacture of prepared animal feeds
1089 - Manufacture of other food products n.e.c.
1012 - Processing and preserving of poultry meat
1039 - Other processing and preserving of fruit and vegetables

NAICS 2012 Codes:

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Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

311611 - Animal (except Poultry) Slaughtering


311615 - Poultry Processing
311119 - Other Animal Food Manufacturing
311422 - Specialty Canning
311919 - Other Snack Food Manufacturing

US SIC 1987:
2011 - Meat Packing Plants
2048 - Prepared Feed and Feed Ingredients for Animals and Fowls, Except Dogs and Cats
2015 - Poultry Slaughtering and Processing
2032 - Canned Specialties
2096 - Potato Chips, Corn Chips, and Similar Snacks

UK SIC 2007:
1011 - Processing and preserving of meat
1089 - Manufacture of other food products n.e.c.
1039 - Other processing and preserving of fruit and vegetables
109 - Manufacture of prepared animal feeds
1012 - Processing and preserving of poultry meat

Business Description
Tyson is more than simply chicken. One of the largest US chicken producers, Tyson's Fresh Meats division makes it a giant in the beef
and pork sectors, as well. The company also offers value-added processed and pre-cooked meats and refrigerated and frozen
prepared foods (pizza crust, desserts, snacks). Its chicken operations are vertically integrated -- the company hatches the eggs,
supplies contract growers with the chicks and feed, and brings them back for processing when ready. Tyson's brands include Tyson,
Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells, and State Fair. Its customers include retail, wholesale, and food
service companies worldwide.
Source: D&B

More Business Descriptions


Tyson Foods, Inc. is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company
offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The
Company operates through four segments: Chicken, Beef, Pork and Prepared Foods. It operates a vertically integrated chicken
production process, which consists of breeding stock, contract growers, feed production, processing, further-processing, marketing and
transportation of chicken and related allied products, including animal and pet food ingredients. Through its subsidiary, Cobb-Vantress,
Inc. (Cobb), the Company is engaged in supplying poultry breeding stock across the world. It produces a range of fresh, frozen and
refrigerated food products. Its products are marketed and sold by its sales staff to grocery retailers, grocery wholesalers, meat
distributors, warehouse club stores and military commissaries, among others.
Source: Reuters

Tyson Foods is one of the world's largest producers of meat and poultry. The company engages in the production, distribution and
marketing of chicken, beef, pork, prepared foods and related allied products. Tyson Foods sells its products in 115 countries, majorly
in Canada, Central America, China, Europe, Japan, Mexico, the Middle East, South Korea and Taiwan. The company operates 45
chicken processing plants, 12 beef processing plants, nine pork processing plants, and 34 prepared foods processing facilities.Tyson
Foods operates through four business segments: Beef, Chicken, Prepared Foods and Pork.The Beef segment is involved in processing
of live fed cattle and fabricating dressed beef carcasses into primal and sub-primal meat cuts and case-ready products. The segment
also sells allied products such as hides and variety meats. It also conducts logistics operations to move products through the supply
chain. In FY2016, the Beef segment reported revenue of USD14,513 million, which accounted for 38.1% of the company's total
revenue.The Chicken segment engages in breeding and raising chickens, and processes live chickens into fresh, frozen and value-
added chicken products. The segment also includes sales from allied products and the global operations of the company's chicken
breeding stock subsidiary. In FY2016, the Chicken segment reported revenue of USD10,927 million, which accounted for 28.7% of the
company's total revenue.The Prepared Foods segment is engaged in manufacturing and marketing frozen and refrigerated food
products and logistics operations to move products through the supply chain. The segment produces a range of products such as
pepperoni, bacon, breakfast sausage, pizza crusts and toppings, flour and corn tortilla products, appetizers, turkey, prepared meals,
ethnic foods, soups, sauces, lunchmeat, side dishes, meat dishes, hot dogs, breadsticks and processed meats. In FY2016, the
Prepared Foods segment reported revenue of USD7,346 million, which accounted for 19.3% of the company's total revenue.The Pork
segment processes live market hogs and fabricates pork carcasses into primal and sub-primal meat cuts and case-ready products.
This segment also includes Tyson Foods' live swine group, related allied product processing activities and logistics operations to move
products through the supply chain. In FY2016, the Pork segment reported revenue of USD4,909 million, which accounted for 12.9% of
the company's total revenue.The company’s other activities include its foreign chicken production operations in China and India and
third-party merger and integration costs. In FY2016, the other operations reported revenue of USD380 million, which accounted for 1%
of the company's total revenue.Tyson Foods markets its products domestically to food retailers, foodservice distributors, restaurant
operators, hotel chains, and non-commercial foodservice establishments such as schools, healthcare facilities, the military and other
food processors, as well as to international export markets.The company sells its products in approximately 115 countries. The key

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Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

international markets include Canada, Central America, China, the European Union, Japan, Mexico, the Middle East, South Korea, and
Taiwan. Tyson Foods' international operations include Cobb-Vantress (a chicken breeding stock subsidiary), Tyson Rizhao and Tyson
Nantong (vertically-integrated poultry production companies in China), Tyson Dalong (a chicken further processing facility in China),
Godrej Tyson Foods (a poultry processing business in India) and Tyson Mexico Trading Company (sells chicken products primarily
though co-packer arrangements).Geographically, the company classifies its operations into two segments, namely the US and Export
Sales. In FY2016, the US segment accounted for 90.5% of the company's total revenues; followed by Export Sales with 9.5%.
Source: Global Data

Tyson Foods, Inc. (Tyson Foods or 'the company') is one of the leading food companies in the world. The company offers a wide range
of chicken, beef and pork products, as well as prepared foods such as bacon, turkey, breakfast sausage, hot dogs, lunchmeat, pizza
crusts and toppings, tortillas and desserts. Tyson Foods classifies its business operations into four reportable segments: Beef, Chicken,
Prepared Foods and Pork. The company primarily operates in the US. It is headquartered in Springdale, Arkansas.The company
reported revenues of (US Dollars) US$36,881 million for the fiscal year ended October 2016 (FY2016), a decrease of 10.9% over
FY2015. In FY2016, the company’s operating margin was 7.7%, compared to an operating margin of 5.2% in FY2015. In FY2016, the
company recorded a net margin of 4.8%, compared to a net margin of 2.9% in FY2015.
Source: Global Data

Tyson Foods, Inc. is primarily engaged in the slaughtering, for their own account or on a contract basis for the trade, of cattle, hogs,
sheep, lambs, and calves for meat to be sold or to be used on the same premises in canning, cooking, curing, and freezing, and in
making sausage, lard, and other products. This includes slaughtering horses for human consumption.
Source: D&B

Financial Data
Financials in: USD(mil)
1 Year Growth
Revenue: 36,881.0 -10.9%
Net Income: 1,768.0 44.9%
Assets: 22,373.0 -2.6%
Long Term Debt: 6,200.0
Total Liabilities: 12,765.0
Working Capital: 2,126.0
Net Worth: 9,608.0
01-Oct-
Date of Financial Data:
2016

Market Data
Quote Symbol: TSN
Exchange: New York Stock Exchange
Currency: USD
Stock Price: 61.9
Stock Price Date: 07-21-2017
Market Value (mil): 22,165.6
SEDOL: 2909730

Additional Infomation
Fortune 1000 Rank: 82

© 2017 Dun & Bradstreet, Inc. All rights reserved.


© 2017 Morningstar. All Rights Reserved.
© 1983-2017 Reuters Research Inc. All Rights Reserved.
© 2017 GlobalData. All Rights Reserved.

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Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

Tyson Foods, Inc.

Strengths/Weaknesses (SWOT)

Helpful Harmful
to achieving the objective to achieving the objective
Strengths Weaknesses

Š Broad and Diversified Portfolio Reduces Š Product Recalls Hamper Brand


Internal Origin Business Risk Image
(attributes of the Š Diversified Distribution Channels
organization) Enhance the Company's Bargaining
Position
Š Dominant Market Position Imparts
Competitive Strength
Opportunities Threats

External Origin Š Growing US Broiler Chicken Market Š Laws and Regulations


(attributes of the Š Positive Outlook for Meat Market in the Š Outbreak of Animal Diseases
environment) US Š Competitive Market could Decrease
Š Favorable Trends in the US Foodservice Market Share of the Company
Industry

Overview
Tyson Foods is one of the leading food companies in the world. The company is a largest global processor and marketer of chicken, beef
and pork, as well as prepared foods. Strong market position increases its bargaining power in the market and gives Tyson Foods an edge
over the competitors. However, intense competition could reduce the sales volume of the company and hamper its market position.

Strengths
Broad and Diversified Portfolio Reduces Business Risk

Tyson Foods operates in four main businesses namely Beef, Chicken, Pork and Prepared Foods. The company's integrated operations
consist of breeding and raising chickens, contract growers, feed production, processing, further-processing, marketing and transportation
of chicken and related allied products, including animal and pet food ingredients. Tyson Foods also processes live fed cattle and hogs and
fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, case-ready beef and pork, and fully-cooked meats. In
addition, the company produces value-added products such as hides and other varieties of meats. Tyson Foods also offers a range of
packaged food products, including pepperoni, bacon, pizza toppings, pizza crusts, flour and corn tortilla products, appetizers, desserts,
prepared meals, ethnic foods, soups, sauces and meat dishes, among others. Besides a diversified product portfolio, the company also has
a diversified stream of revenues. For FY2016, Beef segment contributed 38.1% of the total revenues, followed by the Chicken segment
(28.7%), Prepared Foods segment (19.3%) and Pork segment (12.9%). A broad and diversified portfolio of products not only enhances
market share of Tyson Foods across various markets, but it also limits the company's exposure to the risks associated with a particular
segment.

Diversified Distribution Channels Enhance the Company's Bargaining Position

Tyson Foods serves a strong and wide clientele ranging from wholesalers, retailers, restaurants and institutional customers such as schools
and hospitals. The company's products are marketed and sold mainly to grocery retailers and wholesalers, meat distributors, warehouse
club stores, military commissaries, industrial food processing companies, chain restaurants or their distributors, live markets, international
export companies and domestic distributors who serve restaurants, foodservice operations such as plant and school cafeterias,
convenience stores, hospitals and other vendors. Additionally, sales to the military and a portion of sales to international markets are made
through independent brokers and trading companies. Furthermore, Wal-Mart Stores, the company's largest customer, accounted for
approximately 17.5% of the consolidated sales in FY2016. No other single customer or customer group represented more than 10% of
Tyson Foods’ FY2016 consolidated sales. The diversified distribution channels and revenue sources indicate lesser dependence on a few
customers, which, in turn, implies higher bargaining power in pricing and shelf-space decisions as compared to national and local retailers.

Dominant Market Position Imparts Competitive Strength

Tyson Foods is one of the world's largest processors and marketers of chicken, beef and pork, as well as prepared foods. The company
secured number one position in 2016 World’s Most Admired Companies list in the Food Production segment, released by a business
magazine. Tyson Foods was also named among the top 10 chicken producers in the US in 2016, by an industry source. Tyson Foods

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Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

supplies meat and allied products to customers throughout the US and 115 other countries. The company holds 21% of market share in the
US chicken production. It also commands 24% market share of the US fed beef packers and 18% of the US pork production. The company
produces approximately one out of every five pounds of chicken, beef and pork in the US. Moreover, Cobb-Vantress, its wholly-owned
subsidiary, is the one of the leading poultry breeding stock suppliers in the world. Also, Tyson Foods holds a significant market share in
several prepared foods categories. It is the largest supplier of pepperoni and meat pizza toppings to the foodservice industry. Thus, a
strong market position increases the bargaining power of the company in the industry and gives it an edge over its competitors.

Weaknesses
Product Recalls Hamper Brand Image

Tyson Foods has recalled some of its products in recent times. For instance, in October 2016, the company voluntarily recalled 1,148
pounds, or 35 cases, of Tyson Fully Cooked Golden Crispy Popcorn Chicken sold to a single wholesale distributor in Illinois. The recall was
due to the presence of a piece of plastic in the packaging of one bag of the product. Tyson Foods recalled 5-pound bags of Tyson Fully
Cooked Panko Chicken Nuggets, sold at Costco locations across the US in September 2016. The recall also included a small quantity of 20-
pound cases of bulk Spare Time brand cooked nugget-shaped chicken breast pattie fritters with rib meat sold to a single wholesaler in
Pennsylvania. The recall was due to presence of small pieces of plastic in the nuggets. Earlier, in 2015, the company recalled
approximately 52,486 pounds of Tyson Any’tizers Fully Cooked Hot Wings Buffalo Style Chicken Wing Sections sold in 28-ounce retail
packs. Tyson Foods received complaints from the consumers that the product has bad odor. In 2014, the company recalled 5-pound bags
of frozen Tyson white meat chicken nuggets that were sold at Sam's Club locations across the US. The recall was initiated after few
customers found small pieces of plastic in the nuggets. Product recalls affect the customer confidence in Tyson Foods’ products and hurt the
company’s brand image.

Opportunities
Growing US Broiler Chicken Market

According to the USDA, the US poultry industry is the largest producer in the world and second largest exporter of poultry meat. The per
capita consumption of broiler chicken is expected to rise from 89.6 pounds in 2016 to 90.4 pounds in 2017. Tyson Foods is engaged in the
production, processing, marketing and distribution of fresh chicken and other prepared food items. The company’s Chicken segment
engages in breeding and raising chickens, and processes live chickens into fresh, frozen and value-added products. With its strong position
in the US, Tyson Foods is well positioned to benefit from the growing US broiler chicken market and increase its top line.

Positive Outlook for Meat Market in the US

The US meat market is expected to grow in the next few years. The meat market consists of the retail sales of fresh meat (counter),
chilled raw packaged meat (whole cuts and processed), frozen meat, cooked meats (packaged and counter), and ambient meat. According
to MarketLine, the US meat market grew by 2.4% in 2015 to reach a value of USD199.5 billion. The US accounted for 21.7% of the global
meat market value during the same year. Further, the meat market in the US is expected to reach a value of USD215.3 billion by 2020, an
increase of 7.9% since 2015. Tyson Foods processes live cattle and market hogs and processes dressed beef and pork carcasses into
primal and sub-primal meat cuts and case-ready products. The Beef segment also engages in the sale of allied products such as hides and
variety meats. Therefore, the company, by further expanding its meat offerings, can leverage the growing end market to increase sales.

Favorable Trends in the US Foodservice Industry

The US foodservice industry is expected to continue its steady growth in the next few years. The restaurant industry has witnessed
consistent growth in sales in the past few years. According to industry sources, the restaurant industry in the US is estimated to generate
sales of approximately USD800 billion in 2017, registering an increase of 4% over 2016. The growth is expected to be driven by increasing
acceptance of restaurant technology by the consumers; and development of food and menu trends based on concepts, rather than based
on ingredients. The company supplies pork and beef to food retailers, foodservice distributors, restaurant operators, hotel chains, and non-
commercial foodservice establishments such as schools, healthcare facilities, and the military and other food processors. Therefore, the
improved outlook for the foodservice sector would lead to better revenues for Tyson Foods.

Threats
Laws and Regulations

Tyson Foods' operations are subject to extensive federal, state and foreign laws and regulations by authorities that oversee food safety
standards and the processing, packaging, storage, distribution, advertising and labeling of its products. The company's facilities for
processing chicken, beef, pork, prepared foods and milling feed, and for housing live chickens and swine are subject to a variety of
federal, state and local laws relating to the protection of the environment, including provisions relating to the discharge of materials into the
environment. Tyson Foods' chicken, beef and pork processing facilities are participants in the government's Hazard Analysis Critical Control
Point (HACCP) program and are subject to the Sanitation Standard Operating Procedures and Public Health Security and Bioterrorism
Preparedness and Response Act of 2002. In addition, the company's chicken, beef, pork and prepared foods products are subject to
inspection prior to distribution, primarily by the USDA and the US Food and Drug Administration. Loss of or failure to obtain necessary
permits and registrations could delay or prevent Tyson Foods from meeting current product demand, introducing new products, building

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Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

new facilities or acquiring new businesses. This, in turn, could affect its operating results adversely. Additionally, Tyson Foods is routinely
subject to new or modified laws, regulations and accounting standards. If the company is found to be out of compliance with applicable
laws and regulations in these or other areas, it could be subject to civil remedies, including fines, injunctions, recalls or asset seizures, as
well as potential criminal sanctions, any of which could have a significant adverse effect on its financial results.

Outbreak of Animal Diseases

Tyson Foods is engaged in the production and distribution of chicken, beef, pork, prepared foods and related allied products. Therefore,
any outbreak of animal diseases in livestock farming poses a potentially tough challenge for the company. The responsibility on part of
meat-processing companies like Tyson Foods might greatly increase due to outbreaks of certain livestock diseases. Disease can reduce the
number of offspring produced, hamper the growth of livestock to finished size, result in expensive vaccination programs and require in
some cases the destruction of infected livestock, all of which could affect its production or ability to sell and export its products. Any
disease outbreaks could lead to the imposition of costly preventive controls on imports in the company's export markets. This could also
lead to decreased demand for Tyson Foods’ products in the global market, including the US. Additionally, any future significant outbreak of
the disease could attract strict regulations from the government to destroy its hogs. Apart from incurring additional expense for the
disposal of destroyed hogs, the company will have to face several challenges like decreased sales and non-recovery of costs incurred in
raising or purchasing them.

Competitive Market could Decrease Market Share of the Company

The food markets are highly competitive and evolving. With the entry of more new players in this market, the current level of competition
is expected to further intensify in the near future, which may result in price reductions. The company competes with a broad range of food
products which are manufactured and distributed by companies with substantially greater financial, marketing and distribution resources.
The company competes with Hormel Foods, Smithfield Foods, Perdue Farms, and Conagra Brands, among others. If Tyson Foods is not
able to maintain the product quality and consumer loyalty, this intense competition could reduce the sales volume of the company, thereby
hampering its market position.

© 2017 GlobalData. All Rights Reserved.


Published by Dun & Bradstreet, Inc., Aug. 2017

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Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

Tyson Foods, Inc.

Significant Developments

Tyson Foods names Hewlett Packard Enterprise executive as Chief Technology Officer
Jun 12, 2017

June 12 (Reuters) - Tyson Foods Inc :Tyson Foods names Hewlett Packard Enterprise executive as Chief Technology Officer?.Devin
Graham, who served as interim CTO, will remain with co as Vice President, Technology and Support ?.Hewlett Packard Enterprise's Chief
Information Officer Scott Spradley to become Tyson Foods' CTO, effective June 2.

Tyson Foods prices $2.75 billion senior notes offerings


May 23, 2017

May 23 (Reuters) - Tyson Foods Inc :Tyson foods, inc. Announces pricing of $2.75 billion senior notes offerings.Tyson foods inc - agreed
to sell $300 million aggregate principal amount of its floating rate senior notes due 2019.Tyson foods - to sell $1,350 million of its 3.55%
senior notes due 2027 and $750 million aggregate principal amount of its 4.55% senior notes due 2047.Tyson foods inc - agreed to sell
$350 million aggregate principal amount of its floating rate senior notes due 2020.

Tyson Foods announces proposed public offerings of senior notes


May 23, 2017

May 23 (Reuters) - Tyson Foods Inc ::Tyson Foods Inc announces proposed public offerings of senior notes.Says intends to use net
proceeds from offerings to partly finance acquisition of Advancepierre Foods Holdings, Inc.

Tyson Foods entered into a term loan agreement


May 17, 2017

May 17 (Reuters) - Tyson Foods Inc :Tyson Foods says on May 12, co entered into a term loan agreement that provides for total term
loan commitments in an aggregate principal amount of $1.8 billion.Tyson Foods says on May 12, co entered amended and restated credit
agreement to amend existing credit agreement, dated as of Sept 25, 2014 - SEC filing.Tyson Foods says amended and restated credit
agreement increased aggregate commitments under existing credit agreement from $1.25 billion to $1.5 billion.Tyson Foods amended
and restated credit agreement also extended maturity date to May 12, 2022.

Tyson Foods declares quarterly dividend of $0.225 per share on class A common stock
May 12, 2017

May 12 (Reuters) - Tyson Foods Inc ::Tyson foods inc - declared a quarterly dividend of $0.225 per share on class a common stock and
$0.2025 per share on class b common stock,.

Tyson foods files for potential mixed shelf offering size not disclosed
May 08, 2017

May 8 (Reuters) - Tyson Foods Inc ::Files for potential mixed shelf offering; size not disclosed - sec filing.

Tyson Foods says gets civil investigative demand related to possible anticompetitive conduct
May 08, 2017

May 8 (Reuters) - Tyson Foods Inc :Tyson Foods Inc - On March 1, Co received civil investigative demand from office of the attorney
general, department of legal affairs, of the State of Florida.Tyson Foods Inc - CID requests info primarily related to possible
anticompetitive conduct in connection with Georgia Dock, a chicken products pricing index.Tyson Foods says it is cooperating with the
Attorney General’s office.Tyson Foods - Net carrying value of its three non-protein businesses that it intends to sell is about $800 million
at April 1, 2017.Tyson Foods says it expects to sell the non-protein businesses within the next twelve months and record a net gain as a
result of the sale.

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Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

Tyson Foods reports net earnings per share $1.01


May 08, 2017

May 8 (Reuters) - Tyson Foods Inc -:Tyson Foods generates record first six months as gaap eps rises 12%, 17% on an adjusted basis;
reaffirms guidance for another record year.Tyson Foods Inc - expect capital expenditures to approximate $1 billion for fiscal 2017.Tyson
Foods Inc qtrly sales $9,083 million versus $9,170 million last year.Tyson Foods Inc - in fiscal 2017, usda indicates domestic protein
production should increase approximately 3-4% from fiscal 2016 levels.Tyson Foods Inc - qtrly adjusted net income per share
attributable to tyson $ 1.01.Tyson Foods Inc qtrly net income per share attributable to tyson $0.92.Tyson Foods - expect industry fed
cattle supplies to increase about 6-7%, partially offset by reduced weights, in fiscal 2017 as compared to fiscal 2016.Tyson Foods Inc -
for fiscal 2017, beef segment's operating margin should be around 5%.Sees FY adjusted earnings per share $4.90 to $5.05.Tyson Foods
Inc - for fiscal 2017, pork segment's operating margin should be around 12%.Q2 earnings per share view $1.02, revenue view $9.05
billion -- Thomson Reuters I/B/E/S.Fy2017 earnings per share view $5.02 -- Thomson Reuters I/B/E/S.Tyson Foods Inc - expect capital
expenditures to approximate $1 billion for fiscal 2017.Tyson Foods -for remainder of fiscal 2017,currently do not plan to repurchase
shares other than to fund obligations under equity compensation programs.

AdvancePierre to pay $100 mln in termination fee to Tyson Foods


Apr 28, 2017

April 28 (Reuters) - AdvancePierre Foods Holdings Inc :Tyson Foods - in connection with termination of deal with AdvancePierre foods
under specified circumstances,AdvancePierre to pay co termination fee of $100 million.

Tyson Foods announces compensation program at 2 poultry plants involving increasing base wages
Apr 26, 2017

April 26 (Reuters) - Tyson Foods Inc ::Tyson foods - pilot compensation program at 2 poultry plants that involves increasing base wages,
shortening time it takes new workers to move to higher wage rates.

Tyson Foods explores sale of three non-protein businesses


Apr 24, 2017

April 24 (Reuters) - Tyson Foods Inc :Tyson Foods explores the sale of three non-protein businesses as part of corporate strategy.Tyson
Foods Inc - exploring sale of its sara lee frozen bakery business, kettle business and van's.Tyson Foods Inc - officials believe sale of
these businesses will allow Tyson foods to "sharpen its focus on core businesses".

BRAD SAUER RESIGNS FROM TYSON FOODS’ BOARD


Feb 27, 2017

Tyson Foods Inc : SAUER RESIGNS FROM TYSON FOODS’ BOARD . SAUER'S RESIGNATION IS EFFECTIVE IMMEDIATELY AND THERE ARE
CURRENTLY NO PLANS TO ADD ANOTHER DIRECTOR .BRAD SAUER HAS DECIDED TO STEP DOWN FROM BOARD OF DIRECTORS AFTER
NINE YEARS OF SERVICE.

Tyson Foods says declared a quarterly dividend of $0.225 per share on class A common stock
Feb 13, 2017

Tyson Foods Inc : Says declared a quarterly dividend of $0.225 per share on class A common stock .Says declared a quarterly dividend
of $0.2025 per share on class B common stock.

Tyson Foods says gets subpoena from SEC


Feb 06, 2017

Tyson Foods Inc : Tyson Foods - On Jan 20, Co received a subpoena from the sec in connection with an investigation related to the
company - SEC filing . Tyson Foods says it is cooperating with the investigation, which is at an early stage .Tyson Foods - Based upon
limited information it has, co believes investigation is based upon allegations in "in re broiler chicken antitrust litigation".

Tyson Foods reports Q1 net income per share attributable to Tyson of $1.59
Feb 06, 2017

Tyson Foods Inc : Steps up fiscal 2017 EPS guidance to $4.90-$5.05 . Q1 sales $9,182 million versus $9,152 million . Qtrly net income
per share attributable to Tyson $1.59 . For fiscal 2017, pork segment's operating margin should be around 12% . For fiscal 2017, beef
segment's operating margin should be around 5% . Sees capital expenditures to approximate $1.0 billion for fiscal 2017 . In fiscal 2017,
USDA indicates domestic protein production (chicken, beef, pork and turkey) should increase approximately 2-3% . As co continues with

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Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

integration of Hillshire Brands, expect to realize synergies of around $675 million in fiscal 2017 from acquisition . Profit improvement plan
for Legacy Prepared Foods business with some incremental synergies expected to be realized in fiscal 2018 . Expect earnings cadence for
remainder of fiscal year to follow "more normal patterns, including seasonality typical of our Q2" . Q1 earnings per share view $1.26,
revenue view $9.05 billion -- Thomson Reuters I/B/E/S .FY2017 earnings per share view $4.83 -- Thomson Reuters I/B/E/S.

Tyson foods says Donnie Smith resigns as CEO on on Dec 31


Jan 03, 2017

Tyson Foods Inc : Tyson Foods Inc says on December 31, 2016, Donnie Smith resigned as chief executive officer and as a member of
board . Tyson Foods Inc -Tom Hayes became chief executive officer of company and now holds title of president and chief executive
officer Source: (http://bit.ly/2hNb1By) Further company coverage: [TSN.N] (([email protected];)).

Tyson Foods says Philippines' department of labor, employment ruled against appeal related to 1995 closing of
manufacturing facility
Dec 20, 2016

Tyson Foods Inc : Tyson Foods Inc says "Hillshire Brands does not have any operations in Philippines, we don't expect the decision to
have any impact on our business" . Tyson Foods statement in response to ruling by republic of the Philippines' department of labor and
employment . Considering all appellate options including asking NLRC to reconsider ruling and Philippine courts to overturn ruling .Tyson
Foods - recently notified that department of labor and employment in Philippines ruled against appeal related to 1995 closing of an
apparel manufacturing facility.

Tyson Foods says Jeffrey K. Schomburger appointed to the board


Dec 06, 2016

Tyson Foods Inc : Tyson Foods Inc - increased number of members of board to eleven and elected Jeffrey K. Schomburger as a member
of board .Says Jeffrey K. Schomburger appointed to the board.

Tyson Foods has launched a venture capital fund


Dec 05, 2016

Tyson Foods Inc - : Has launched a venture capital fund . Tyson will make available $150 million to fund which has been named Tyson
New Ventures LLC .Tyson new ventures will be based in Chicago and led by Mary Kay James, who has been named vice president and
general manager.

Tyson Foods says Tom Hayes to succeed Donnie Smith as CEO


Nov 21, 2016

Tyson Foods Inc : Tom Hayes to succeed Donnie Smith as CEO of Tyson Foods on December 31, 2016 . Tyson Foods Inc - Smith will be
available to consult with company for a three-year period .Tyson Foods Inc - Hayes will continue to serve as president and has been
appointed to board of directors, effective immediately.

Tyson Foods posts Q4 earnings per share of $1.03


Nov 21, 2016

Tyson Foods Inc : Q4 adjusted earnings per share $0.96 . Q4 earnings per share $1.03 . Q4 earnings per share view $1.17 -- Thomson
Reuters I/B/E/S . Qtrly sales $9,156 million versus $10,506 million last year . Allocating $1 billion for capital expenditures in fiscal 2017 .
Sees 2017 GAAP EPS growth of 4-7 pct . Expect fiscal 2017 EPS of $4.70-$4.85 . This week board of directors increased quarterly
dividend by $0.075, or 50 pct, to $0.225 per share . For fiscal 2017, expect sales to be flat compared to fiscal 2016 . Fy2017 earnings per
share view $4.98, revenue view $36.98 billion -- Thomson Reuters I/B/E/S . In fiscal 2017, USDA indicates domestic protein production
to increase approximately 2-3 pct from fiscal 2016 levels . Sees 2017 adjusted EPS growth of 7 pct - 10 pct . Expect to realize synergies
of around $675 million in fiscal 2017 from Hillshire acquisition . Amount from synergies expected to be realized in fiscal 2017 is reduced
from previous estimate of $700 million .Says "first seven weeks of fiscal 2017 have been phenomenal as we are off to best start we have
ever experienced".

Tyson Foods says takes 5-pct ownership stake in Beyond Meat


Oct 10, 2016

Tyson Foods Inc : Tyson Foods says has taken a 5-percent ownership stake in plant-based protein producer beyond meat . Tyson Foods
Inc - Beyond Meat will remain an independent, privately held company led by founder and CEO Ethan Brown . Tyson Foods Inc - The
terms of the agreement are not being disclosed . Tyson Foods Inc - Beyond Meat also has secured funding from investors including the

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Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

Humane Society Of The United States, Bill Gates, Kleiner Perkins .Tyson Foods says investment provided through a fundraising initiative
by Beyond Meat.

Tyson Foods says has not made any changes to business practices in response to complaints
Oct 07, 2016

Tyson Foods Inc: Tyson Foods issues statement in response to an analyst report . "We have not made any changes to our business
practices in response to complaints" ."We dispute allegations in complaints as well as speculative conclusions reached by analyst".

Tyson Foods declares quarterly dividend of $0.15/share on Class A common stock


Aug 08, 2016

Tyson Foods Inc :Declared quarterly dividend of $0.15 per share on Class A common stock and $0.135 per share on Class B common
stock.

Tyson Foods Q3 earnings per share $1.25


Aug 08, 2016

Tyson Foods Inc : Sees FY 2017 sales up 1 percent . Tyson's third quarter earnings surge 51% due to strong performance across all
segments of business . Sees FY 2016 gaap earnings per share $4.47 to $4.57 . Sees FY 2016 sales $37 billion . Qtrly EPS of $1.25 . Qtrly
adjusted EPS of $1.21 . In fiscal 2017, expect domestic protein production (chicken, beef, pork and turkey) to increase approximately 2-
3% from fiscal 2016 levels . For 2016 beef segment's operating margin will be in its normalized range of 1.5-3.0% and toward upper end
of range in fiscal 2017 . Q3 earnings per share view $1.06, revenue view $9.33 billion -- Thomson Reuters I/B/E/S . FY2016 revenue
view $37.12 billion -- Thomson Reuters I/B/E/S . Qtrly sales $9.40 billion versus $10.07 billion . Expect capital expenditures to
approximate $725 million for fiscal 2016 and expect an increase in capital expenditures in fiscal 2017 . Sees sales will approximate $37
billion in fiscal 2016 . Tyson Foods Inc says for fiscal 2017, chicken segment's operating margin should remain similar to fiscal 2016
results . For FY 2017, expect sales to increase 1% as we grow sales volume, partially offset by impact of lower beef, pork and chicken
prices.

©1983-2017 Reuters Research Inc. All Rights Reserved.


Published by Dun & Bradstreet, Inc.,Aug, 2017

Page 42
Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

Tyson Foods, Inc. Business Segments


Springdale, Arkansas, United States, Tel: 479-290-4000, URL: http://www.tysonfoods.com

Financials in: USD (mil)


Annual

Total Assets USD (mil)


30-Sep-16 30-Sep-15 30-Sep-14 30-Sep-13 30-Sep-12
Beef 2,764.0 12.4 % 3,009.0 13.1 % 3,103.0 13 % 2,798.0 23 % 2,634.0 22.1 %
Chicken 5,836.0 26.1 % 5,731.0 24.9 % 4,807.0 20.1 % 5,820.0 47.8 % 5,902.0 49.6 %
International - - - - 871.0 3.6 % - - - -
Other 920.0 4.1 % 1,331.0 5.8 % 5,602.0 23.4 % 1,452.0 11.9 % 1,505.0 12.7 %
Pork 1,039.0 4.6 % 927.0 4% 965.0 4% 931.0 7.6 % 895.0 7.5 %
Prepared Foods 11,814.0 52.8 % 12,006.0 52.2 % 8,608.0 35.9 % 1,176.0 9.7 % 960.0 8.1 %
BusinessSegments 22,373.0 100 % 23,004.0 100 % 23,956.0 100 % 12,177.0 100 % 11,896.0 100 %

Revenue USD (mil)


30-Sep-16 30-Sep-15 30-Sep-14 30-Sep-13 30-Sep-12
Beef 14,513.0 0 % 17,236.0 0 % 16,177.0 0 % 14,400.0 0 % 13,755.0 0 %
Chicken 10,927.0 0 % 11,390.0 0 % 11,116.0 0 % 12,296.0 0 % 11,591.0 0 %
International - - - - 1,381.0 0 % - - - -
Intersegment Sales -1,194.0 0 % -1,216.0 0 % -1,325.0 0 % -1,098.0 0 % -982.0 0 %
Other 380.0 0 % 879.0 0 % - - 46.0 0 % 167.0 0 %
Pork 4,909.0 0 % 5,262.0 0 % 6,304.0 0 % 5,408.0 0 % 5,510.0 0 %
Prepared Foods 7,346.0 0 % 7,822.0 0 % 3,927.0 0 % 3,322.0 0 % 3,237.0 0 %
BusinessSegments 36,881.0 0 % 41,373.0 0 % 37,580.0 0 % 34,374.0 0 % 33,278.0 0 %

Operating Income USD (mil)


30-Sep-16 30-Sep-15 30-Sep-14 30-Sep-13 30-Sep-12
Beef 347.0 0 % -66.0 0% 347.0 0% 296.0 21.5 % 218.0 0%
Chicken 1,305.0 0 % 1,366.0 0% 883.0 0% 646.0 47 % 446.0 0%
International - - - - -121.0 0% - - - -
Other -81.0 0 % -99.0 0% -74.0 0% - - -14.0 0%
Pork 528.0 0 % 380.0 0% 455.0 0% 332.0 24.1 % 417.0 0%
Prepared Foods 734.0 0 % 588.0 0% -60.0 0% 101.0 7.3 % 181.0 0%
BusinessSegments 2,833.0 0 % 2,169.0 0% 1,430.0 0% 1,375.0 100 % 1,248.0 0%

Depreciation/Amortization USD (mil)


30-Sep-15 30-Sep-14 30-Sep-13 30-Sep-12
Beef 97.0 13.8 % 87.0 17.6 % 87.0 18.4 % 86.0 19.4 %
Chicken 272.0 38.8 % 251.0 50.8 % 291.0 61.4 % 268.0 60.5 %
International - - 40.0 8.1 % - - - -
Other 21.0 3% 6.0 1.2 % 5.0 1.1 % 5.0 1.1 %
Pork 31.0 4.4 % 32.0 6.5 % 30.0 6.3 % 30.0 6.8 %
Prepared Foods 280.0 39.9 % 78.0 15.8 % 61.0 12.9 % 54.0 12.2 %
BusinessSegments 701.0 100 % 494.0 100 % 474.0 100 % 443.0 100 %

Capital Expenditure USD (mil)


30-Sep-15 30-Sep-14 30-Sep-13 30-Sep-12
Beef -113.0 0% -115.0 0% -105.0 0% -100.0 0%
Chicken -405.0 0% -307.0 0% -311.0 0% -451.0 0%
International - - -46.0 0% - - - -
Other -119.0 0% -51.0 0% -33.0 0% -8.0 0%

Page 43
Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

Pork -50.0 0% -36.0 0% -22.0 0% -32.0 0%


Prepared Foods -167.0 0% -77.0 0% -87.0 0% -99.0 0%
BusinessSegments -854.0 0% -632.0 0% -558.0 0% -690.0 0%

© 2017 Dun & Bradstreet, Inc. All rights reserved.


Published by Dun & Bradstreet, Inc., August 2017.

Page 44
Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

Tyson Foods, Inc. Annual Income Statement


Springdale, Arkansas, United States, Tel: 479-290-4000, URL: http://www.tysonfoods.com

Financials in: USD (mil)


Except for share items (millions) and per share items (actual units)

Financial Glossary
01-Oct-2016 03-Oct-2015 01-Oct-2014 03-Oct-2013 29-Sep-2012
Period Length 12 Months 12 Months 12 Months 12 Months 12 Months
UpdateDate Filed Filed Filed Filed Filed
21-Nov-2016 21-Nov-2016 21-Nov-2016 23-Nov-2015 17-Nov-2014
Filed Currency USD USD USD USD USD
Exchange Rate (Period Average) 1 1 1 1 1
Auditor Pricewaterhouse Pricewaterhouse Pricewaterhouse Pricewaterhouse Pricewaterhouse
Coopers LLP Coopers LLP Coopers LLP Coopers LLP Coopers LLP
Auditor Opinion Unqualified Unqualified Unqualified Unqualified Unqualified

Operating Revenue 36,881.0 41,373.0 37,580.0 34,374.0 33,055.0


Total Revenue 36,881.0 41,373.0 37,580.0 34,374.0 33,055.0

Cost of Revenue 32,184.0 37,456.0 34,895.0 32,016.0 30,865.0


Gross Profit 4,697.0 3,917.0 2,685.0 2,358.0 2,190.0

Selling, General and 1,864.0 1,748.0 1,255.0 983.0 904.0


Administrative Expenses
Total Operating Expense 1,864.0 1,748.0 1,255.0 983.0 904.0

Total Expenses 34,048.0 39,204.0 36,150.0 32,999.0 31,769.0

Operating Income 2,833.0 2,169.0 1,430.0 1,375.0 1,286.0

Interest Income - Non-Operating 6.0 9.0 7.0 7.0 12.0


Interest Expense - Non-Operating 249.0 293.0 132.0 145.0 356.0
Net Non-Operating Interest -243.0 -284.0 -125.0 -138.0 -344.0
Income (Expense)
Other Income (Expense) 8.0 36.0 -53.0 20.0 23.0
Income Before Tax 2,598.0 1,921.0 1,252.0 1,257.0 965.0

Total Income Tax 826.0 697.0 396.0 409.0 351.0


Income After Tax 1,772.0 1,224.0 856.0 848.0 614.0

Net Income from Continuing 1,772.0 1,224.0 856.0 848.0 614.0


Operations
Discontinued Operations - - - -70.0 -38.0
Minority Interest -4.0 -4.0 8.0 - 7.0
Net Income 1,768.0 1,220.0 864.0 778.0 583.0

Net Income Available to Common 1,768.0 1,220.0 864.0 778.0 583.0


Stockholders

Basic EPS 4.59 3.01 2.44 2.21 1.64


Basic EPS from Continuing Operations 4.59 3.01 2.44 2.41 1.75
Basic EPS from Discontinued - - - -0.20 -0.11

Page 45
Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

Operations
Diluted EPS 4.53 2.95 2.37 2.12 1.58
Diluted EPS from Continuing 4.53 2.95 2.37 2.31 1.68
Operations
Diluted EPS from Discontinued - - - -0.19 -0.10
Operations
Basic Average Shares 385.0 405.0 354.0 352.0 293.0
Diluted Average Shares 390.0 413.0 364.0 367.0 370.0
Interest Income 6.0 9.0 7.0 7.0 12.0
Interest Expense 249.0 293.0 132.0 145.0 356.0
Net Interest Income -243.0 -284.0 -125.0 -138.0 -344.0
Net Income Including Non-Controlling 1,772.0 1,224.0 856.0 778.0 576.0
Interests
Net Income from Continuing and 1,768.0 1,220.0 864.0 778.0 583.0
Discontinued Operations
Normalized Income 1,768.0 1,220.0 864.0 848.0 621.0
Basic EPS from Continuing & 4.59 3.01 2.44 2.21 1.64
Discontinued Operations
Diluted EPS from Continuing & 4.53 2.95 2.37 2.12 1.58
Discontinued Operations
Dividends per Share 0.60 0.38 0.30 0.20 0.16
Net Income Before Extraord Items 1,768.0 1,220.0 864.0 848.0 621.0
Tax Rate 31.79% 36.28% 31.63% 32.54% 37.86%
Basic Normalized EPS 4.59 3.01 2.44 2.41 1.75
Diluted Normalized EPS 4.53 2.95 2.37 2.31 1.68
EBITDA 3,552.0 2,925.0 1,914.0 1,921.0 1,820.0
Normalized EBITDA 3,552.0 2,925.0 1,914.0 1,921.0 1,820.0
Reconciled Cost of Revenue 32,184.0 37,456.0 34,895.0 32,016.0 30,865.0
Reconciled Depreciation 705.0 711.0 530.0 519.0 499.0
EBIT 2,847.0 2,214.0 1,384.0 1,402.0 1,321.0
Non-Operating Expenses -243.0 -284.0 -125.0 -138.0 -344.0
Non-Operating Income 8.0 36.0 -53.0 20.0 23.0

Annual Balance Sheet

Financials in: USD (mil)

Financial Glossary
01-Oct-2016 03-Oct-2015 01-Oct-2014 03-Oct-2013 29-Sep-2012
UpdateDate Filed Filed Filed Filed Filed
21-Nov-2016 21-Nov-2016 21-Nov-2016 23-Nov-2015 17-Nov-2014
Filed Currency USD USD USD USD USD
Exchange Rate 1 1 1 1 1
Auditor Pricewaterhouse Pricewaterhouse Pricewaterhouse Pricewaterhouse Pricewaterhouse
Coopers LLP Coopers LLP Coopers LLP Coopers LLP Coopers LLP
Auditor Opinion Unqualified Unqualified Unqualified Unqualified Unqualified

Cash and Cash Equivalents 349.0 688.0 438.0 1,145.0 1,071.0


Cash, Cash Equivalents and Short- 349.0 688.0 438.0 1,145.0 1,071.0
Term Investments
Accounts Receivable, Net 1,542.0 1,620.0 1,684.0 1,497.0 1,378.0
Total Receivables 1,542.0 1,620.0 1,684.0 1,497.0 1,378.0
Inventories - Raw Materials 430.0 416.0 414.0 392.0 492.0
Inventories - Finished Goods 1,530.0 1,631.0 1,794.0 2,425.0 1,365.0
Inventories - Other 772.0 831.0 1,066.0 - 952.0

Page 46
Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

Total Inventory 2,732.0 2,878.0 3,274.0 2,817.0 2,809.0


Other Current Assets 265.0 195.0 825.0 145.0 145.0
Total Current Assets 4,888.0 5,381.0 6,221.0 5,604.0 5,403.0

Land and Improvements 426.0 408.0 402.0 517.0 509.0


Buildings and Improvements 3,952.0 3,956.0 3,835.0 3,181.0 3,166.0
Machinery and Equipment 6,789.0 6,452.0 6,144.0 5,504.0 5,208.0
Property/Plant/Equipment - Gross 11,167.0 10,816.0 10,381.0 9,202.0 8,883.0
Accumulated Depreciation -5,997.0 -5,640.0 -5,251.0 -5,149.0 -4,861.0
Property/Plant/Equipment - Net 5,170.0 5,176.0 5,130.0 4,053.0 4,022.0
Goodwill 6,669.0 6,667.0 6,706.0 1,902.0 1,891.0
Patents 114.0 115.0 136.0 - 142.0
Other Intangible Assets 5,084.0 5,168.0 5,276.0 138.0 129.0
Goodwill and Other Intangible 11,753.0 11,835.0 11,982.0 2,040.0 2,020.0
Assets
Other Long-Term Assets 562.0 577.0 623.0 480.0 451.0
Total Non-Current Assets 17,485.0 17,588.0 17,735.0 6,573.0 6,493.0

Total Assets 22,373.0 22,969.0 23,956.0 12,177.0 11,896.0

Accounts Payable 1,511.0 1,662.0 1,806.0 1,359.0 1,372.0


Payables 1,511.0 1,662.0 1,806.0 1,359.0 1,372.0
Accrued Expenses 775.0 670.0 675.0 419.0 382.0
Current Debt 79.0 715.0 643.0 513.0 515.0
Current Debt and Capital Lease 79.0 715.0 643.0 513.0 515.0
Obligation
Other Current liabilities 397.0 488.0 673.0 719.0 561.0
Total Current Liabilities 2,762.0 3,535.0 3,797.0 3,010.0 2,830.0

Long-Term Debt 6,200.0 5,975.0 7,535.0 1,895.0 1,917.0


Long-Term Debt and Capital Lease 6,200.0 5,975.0 7,535.0 1,895.0 1,917.0
Obligation
Deferred Taxes - Non-Current 2,545.0 2,449.0 2,450.0 479.0 558.0
Liabilities
Non-Current Deferred Liabilities 2,545.0 2,449.0 2,450.0 479.0 558.0
Minority Interest 16.0 15.0 14.0 32.0 30.0
Other Long-Term Liabilities 1,242.0 1,304.0 1,270.0 560.0 549.0
Total Non-Current Liabilities 10,003.0 9,743.0 11,269.0 2,966.0 3,054.0

Total Liabilities 12,765.0 13,278.0 15,066.0 5,976.0 5,884.0

Common Stock 43.0 42.0 42.0 39.0 39.0


Capital Stock 43.0 42.0 42.0 39.0 39.0
Retained Earnings (Accumulated 8,348.0 6,813.0 5,748.0 4,999.0 4,327.0
Deficit)
Additional Paid-In Capital 4,355.0 4,307.0 4,257.0 2,292.0 2,278.0
Treasury Stock -3,093.0 -1,381.0 -1,010.0 -1,021.0 -569.0
Gains (Losses) Not Affecting -45.0 -90.0 -147.0 -108.0 -63.0
Retained Earnings
Stockholders' Equity 9,608.0 9,691.0 8,890.0 6,201.0 6,012.0
Total Equity 9,608.0 9,691.0 8,890.0 6,201.0 6,012.0

Total Liabilities and Shareholders’ 22,373.0 22,969.0 23,956.0 12,177.0 11,896.0


Equity

Page 47
Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

Net Tangible Assets -2,145.0 -2,144.0 -3,092.0 4,161.0 3,992.0


Working Capital 2,126.0 1,846.0 2,424.0 2,594.0 2,573.0
Invested Capital 15,887.0 16,381.0 17,068.0 8,609.0 8,444.0
Total Debt 6,279.0 6,690.0 8,178.0 2,408.0 2,432.0
Net Debt 5,930.0 6,002.0 7,740.0 1,263.0 1,361.0
Total Capitalization 15,808.0 15,666.0 16,425.0 8,096.0 7,929.0
Common Stock Equity 9,608.0 9,691.0 8,890.0 6,201.0 6,012.0
Total Common Shares Outstanding 361.0 369.0 407.7 344.0 359.0
Treasury Shares Number 73.0 47.0 40.0 48.0 33.0
Shares Issued 434.0 416.0 447.7 392.0 392.0
Treasury Shares - Common Stock 73.0 47.0 40.0 48.0 33.0
Tangible Book Value -2,145.0 -2,144.0 -3,092.0 4,161.0 3,992.0

Annual Cash Flows

Financials in: USD (mil)

Financial Glossary
01-Oct-2016 03-Oct-2015 01-Oct-2014 03-Oct-2013 29-Sep-2012
Period Length 12 Months 12 Months 12 Months 12 Months 12 Months
UpdateDate Filed Filed Filed Filed Filed
21-Nov-2016 21-Nov-2016 21-Nov-2016 23-Nov-2015 17-Nov-2014
Filed Currency USD USD USD USD USD
Exchange Rate (Period Average) 1 1 1 1 1
Auditor Pricewaterhouse Pricewaterhouse Pricewaterhouse Pricewaterhouse Pricewaterhouse
Coopers LLP Coopers LLP Coopers LLP Coopers LLP Coopers LLP
Auditor Opinion Unqualified Unqualified Unqualified Unqualified Unqualified

Net Income 1,772.0 1,224.0 856.0 778.0 576.0


Discontinued Operations - - - -70.0 -38.0
Net Income from Continuing 1,772.0 1,224.0 856.0 778.0 576.0
Operations
Gain (Loss) on Sale of Business - -177.0 - - -
Operating Gains (Losses) - -177.0 - - 167.0
Depreciation 617.0 609.0 494.0 474.0 443.0
Amortization 88.0 102.0 36.0 45.0 56.0
Depreciation and Amortization 705.0 711.0 530.0 519.0 499.0
Depreciation, Amortization and 705.0 711.0 530.0 519.0 499.0
Depletion
Deferred Income Tax 84.0 38.0 -105.0 -12.0 140.0
Deferred Taxes 84.0 38.0 -105.0 -12.0 140.0
Asset Impairment Charge 45.0 285.0 107.0 74.0 34.0
Stock-Based Compensation 81.0 69.0 51.0 36.0 -
Other Non-Cash Items 126.0 354.0 158.0 110.0 34.0
Accounts Receivable 73.0 66.0 -93.0 -126.0 -69.0
Receivables 73.0 66.0 -93.0 -126.0 -69.0
Inventories 148.0 220.0 -148.0 15.0 -259.0
Taxes Payable - - - - 8.0
Accounts Payable -130.0 -162.0 202.0 -12.0 106.0
Payables -130.0 -162.0 202.0 -12.0 114.0
Interest Payable -1.0 -23.0 5.0 -1.0 5.0
Accrued Expenses -1.0 -23.0 5.0 -1.0 5.0
Payables/Accrued -131.0 -185.0 207.0 -13.0 119.0
Other Working Capital -27.0 248.0 -115.0 53.0 -38.0

Page 48
Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

Changes in Working Capital 63.0 349.0 -149.0 -71.0 -247.0


Cash from Operating Activities 2,716.0 2,570.0 1,178.0 1,314.0 1,187.0

Purchase of -695.0 -854.0 -632.0 -558.0 -690.0


Property/Plant/Equipment
Net Purchase (Sale) of -695.0 -854.0 -632.0 -558.0 -690.0
Property/Plant/Equipment
Purchase of Investments -46.0 -38.0 -18.0 -135.0 -58.0
Sale/Maturity of Investment 37.0 52.0 33.0 117.0 47.0
Investment, Net -9.0 14.0 15.0 -18.0 -11.0
Acquisition of Business - - -8,193.0 -106.0 -
Sale of Business - 539.0 - - -
Net Acquisition (Sale) of Business - 539.0 -8,193.0 -106.0 -
Other Investing Cash Flow 20.0 31.0 10.0 39.0 41.0
Cash from Investing Activities -684.0 -270.0 -8,800.0 -643.0 -660.0

Long-Term Debt Issued 1,066.0 1,846.0 5,781.0 68.0 1,116.0


Long-Term Debt Reduction -1,479.0 -3,340.0 -639.0 -91.0 -993.0
Long-Term Debt, Net -413.0 -1,494.0 5,142.0 -23.0 123.0
Issuance (Retirement) of Debt, -413.0 -1,494.0 5,142.0 -23.0 123.0
Net
Sale/Issuance of Common - - 873.0 - -
Repurchase/Retirement of Common -1,944.0 -495.0 -295.0 -614.0 -264.0
Common Stock, Net -1,944.0 -495.0 578.0 -614.0 -264.0
Cash Dividends Paid - Common - - - - -57.0
Total Cash Dividends Paid -216.0 -147.0 -104.0 -104.0 -57.0
Options Exercised 128.0 84.0 67.0 123.0 34.0
Other Financing Cash Flow 68.0 17.0 1,232.0 18.0 -7.0
Cash from Financing Activities -2,377.0 -2,035.0 6,915.0 -600.0 -171.0

Net Cash - Beginning Balance 688.0 438.0 1,145.0 1,071.0 716.0


Net Change in Cash -339.0 250.0 -707.0 74.0 355.0
Foreign Exchange Effects 6.0 -15.0 - 3.0 -1.0
Net Cash - Ending Balance 349.0 688.0 438.0 1,145.0 1,071.0

Capital Expenditures -695.0 -854.0 -632.0 -558.0 -690.0


Issuance of Capital Stock - - 873.0 - -
Total Debt Issued 1,066.0 1,846.0 5,781.0 68.0 1,116.0
Total Debt Reduction -1,479.0 -3,340.0 -639.0 -91.0 -993.0
Repurchase of Capital Stock -1,944.0 -495.0 -295.0 -614.0 -264.0
Free Cash Flow 2,021.0 1,716.0 546.0 756.0 497.0

© 2017 Morningstar. All Rights Reserved.


Published by Dun & Bradstreet, Inc., August 2017.

Page 49
Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

Tyson Foods, Inc. Annual Ratios


Springdale, Arkansas, United States, Tel: 479-290-4000, URL: http://www.tysonfoods.com

Financials in: USD (mil)


Except for share items (millions) and per share items (actual units)

01-Oct-2016 03-Oct-2015 01-Oct-2014 03-Oct-2013 29-Sep-2012


Financial Strength
Current Ratio (?) 1.77 1.52 1.64 1.86 1.91
Quick/Acid Test Ratio (?) 0.68 0.65 0.56 0.88 0.87
Working Capital (?) 2,126.0 1,846.0 2,424.0 2,594.0 2,573.0
Long-Term Debt/Equity (?) 0.65 0.62 0.85 0.31 0.32
Total Debt/Equity (?) 0.65 0.69 0.92 0.39 0.40
Long-Term Debt/Total Capital (?) 0.39 0.38 0.46 0.23 0.24
Total Debt/Total Capital (?) 0.40 0.43 0.50 0.30 0.31
Interest Coverage (?) 11.43 7.56 10.48 9.67 3.71
Payout Ratio (?) 13.30% 13.26% 10.00% 9.13% 12.03%
Effective Tax Rate (?) 31.79% 36.28% 31.63% 32.54% 36.37%
Total Capitalization (?) 15,808.0 15,666.0 16,425.0 8,096.0 7,929.0

Efficiency
Asset Turnover (?) 1.63 1.76 2.08 2.86 2.88
Inventory Turnover (?) 11.47 12.18 11.46 11.38 11.44
Days In Inventory (?) 31.81 29.97 31.86 32.07 31.91
Receivables Turnover (?) 23.33 25.04 23.63 23.91 24.49
Days Receivables Outstanding (?) 15.65 14.57 15.45 15.26 14.90
Revenue/Employee (?) 323,518 366,133 303,065 298,904 287,435
Operating Income/Employee (?) 24,851 19,195 11,532 11,957 11,183
EBITDA/Employee (?) 31,158 25,885 15,435 16,704 15,826

Profitability
Gross Margin (?) 12.74% 9.47% 7.14% 6.86% 6.63%
Operating Margin (?) 7.68% 5.24% 3.81% 4.00% 3.89%
EBITDA Margin (?) 9.63% 7.07% 5.09% 5.59% 5.51%
EBIT Margin (?) 7.72% 5.35% 3.68% 4.08% 4.00%
Pretax Margin (?) 7.04% 4.64% 3.33% 3.66% 2.92%
Net Profit Margin (?) 4.79% 2.95% 2.30% 2.26% 1.76%
COGS/Revenue (?) 87.26% 90.53% 92.86% 93.14% 93.37%
SG&A Expense/Revenue (?) 5.05% 4.23% 3.34% 2.86% 2.73%

Management Effectiveness
Return on Assets (?) 7.80% 5.20% 4.78% 6.46% 5.08%
Return on Equity (?) 18.32% 13.13% 11.45% 12.74% 9.99%

Valuation
Free Cash Flow/Share (?) 5.12 3.62 1.44 1.80 1.00
Operating Cash Flow/Share (?) 6.96 5.65 3.02 3.40 2.89

Current Market Multiples

Page 50
Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

Market Cap/Earnings (TTM) (?) 12.39


Market Cap/Equity (MRQ) (?) 2.30
Market Cap/Revenue (TTM) (?) 0.61
Market Cap/EBIT (TTM) (?) 7.72
Market Cap/EBITDA (TTM) (?) 6.20
Enterprise Value/Earnings (TTM) (?) 15.82
Enterprise Value/Equity (MRQ) (?) 2.93
Enterprise Value/Revenue (TTM) (?) 0.78
Enterprise Value/EBIT (TTM) (?) 9.86
Enterprise Value/EBITDA (TTM) (?) 7.92

© 2017 Morningstar. All Rights Reserved.


Published by Dun & Bradstreet, Inc., August 2017.

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Dun & Bradstreet One-Stop Reports for Tyson Foods, Inc.

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