St. Louis MO - June 24, 2020 - Bunge Limited (NYSE: BG) today held its virtual business update to share its near and long-term value drivers and underlying strategy.
Bunge Chief Executive Officer Greg Heckman, Chief Financial Officer John Neppl, and President of Global Risk Management Brian Zachman highlighted the Company’s progress on priorities executed in the past year and provided strategic and financial perspectives, including an overview of Bunge’s streamlined operating model, compelling market opportunities, improved financial discipline, optimized portfolio and additional financial metrics.
Highlights from Bunge’s business update:
Greg Heckman commented, “We’re very excited about the progress we are making to realize our full potential.
"Our team’s accomplishments over the past year have established the foundation to deliver baseline earnings of five dollars per share at normalized crush margins, with multiple opportunities to further grow our earnings power beyond that level by expanding into connected businesses.”
Heckman continued, “We’ve put in place a world-class leadership team with deep industry experience, coupled with the best global oilseeds platform in the industry and a leading market position with highly compelling macro trends.
"Together with our focused strategy, a rigorous capital allocation approach, and enhanced risk management capabilities, we believe we’re positioned to generate consistent and strong cash flows and deliver significant value to our shareholders.”