ADM Reports Second Quarter Earnings

Archer Daniels Midland Company（NYSE：ADM）今天报告了截至2017年6月30日的季度的财务业绩。

“We continued to deliver on our strategic plan and capitalize on improving conditions in some markets to achieve strong 39 percent year-over-year earnings growth,” said ADM Chairman and CEO Juan Luciano.

“Our actions in the first half of the year reflect ADM’s continuous efforts to create shareholder value. We are diversifying our capabilities and geographic reach through acquisitions and organic expansions. We are aggressively managing costs and capital, and taking additional portfolio actions; and we are ahead of pace to meet our 2017 target of $225 million in run-rate savings.

“通过这些集体行动，我们预计将在2017年实现稳固的收益增长和回报，我们准备在2018年成为一家更强大的公司。”

2017年第二季度亮点

• 报告的每股收益为0.48美元，包括与资产障碍，重组和和解活动有关的每股0.04美元；每股净亏损0.04美元，销售资产和企业；以及每股0.01美元的LIFO费用。调整后的EPS不包括这些项目，为0.57美元¹。
• 落后四分之一平均调整后的ROIC为6.8％¹，高于年度WACC的80个基点为6.0％。
• During the first half of 2017, the company returned $875 million to shareholders through dividends and share repurchases.

运营结果

AG Services连续第四季度的运营利润增加了。

In Merchandising and Handling, North America Grain results increased significantly over the prior year with strong carries in wheat, corn and soybeans. Global Trade generated solid results and was up over the year-ago quarter, benefiting from improved margins, favorable timing effects and actions to improve performance.

交通从th下降e prior-year period, primarily due to river conditions and lower freight rates.

Milling and Other delivered solid results on steady margins and favorable merchandising.

Corn Processing results were up from the year-ago quarter. Higher volumes and improved margins in North America Sweeteners and Starches contributed to another strong performance. Bioproducts results increased over a weak prior year, with an improvement in ethanol margins.

油籽处理受益于其原料，产品和地理位置的多样性；然而，与2016年第二季度相比，总体结果下降了。全球大豆粉碎和南美起源的利润较弱影响了压碎和起源结果。由于利用该业务的全球弹性能力利用利润机会，因此软籽的收益更高。

精炼，包装，生物柴油和其他地区在所有地区都取得了可靠的效果，南美精致和包装的油以及全球花生业务在本季度促进了良好的表现。北美生物柴油结果在上一年的季度也有所改善，这受到不利的时机影响的影响。

亚洲经历了另一个好季度，由于ADM的所有权增加和威尔马的强劲结果，在上一年中都显着增长。

WFSI与上一季度保持一致。野生风味在全球销售强劲的情况下，带来了两位数的营业利润增长。该季度的特殊成分降低了。

其他注意事项

作为有助于阐明基本业务绩效的其他信息，第9页上的表包括报告的EPS以及调整后的EPS，不包括明显的时序效果。

该季度的细分市场营业利润为6.42亿美元，包括与资产障碍，重组和和解活动相关的2600万美元的费用，以及销售800万美元的资产和企业的净税前收益。上年级的营业利润包括资产障碍和重组费用为1000万美元，以及销售资产和企业1.18亿美元的税前收益。

在公司业绩中，少数股权和其他费用从上一年开始增加，这主要是由于CIP的投资组合投资估值，并且由于对ADM的业务转型计划及相关IT成本以及研究和开发的投资持续投资，因此未分配的成本增加了。

28％的有效税率反映了大约1％的降低，这主要是由于预测地理收益的预测结构的变化以及年度离散项目变化的影响，部分被包括生物柴油税收抵免在内的美国税收抵免到期。

Conference Call Information

ADM will host a webcast on August 1, 2017, at 8 a.m. Central Time to discuss financial results and provide a company update. A financial summary slide presentation will be available to download approximately 60 minutes prior to the call. To listen to the webcast or to download the slide presentation, go towww.adm.com/webcast。网络广播的重播也将在很长一段时间内在www.adm.com/webcast。

Forward-Looking Statements

以上一些陈述构成了前瞻性陈述。这些陈述是基于许多假设和因素，这些假设和因素可能会受到风险和不确定性的影响。ADM在其文件中提供了有关SEC的有关假设和可能导致实际结果与本演讲中的假设和因素相差的因素的其他信息，并且您应仔细检查我们SEC报告中的假设和因素。在适用法律允许的范围内，ADM没有义务更新任何前瞻性陈述。

About ADM

For more than a century, the people of Archer Daniels Midland Company (NYSE: ADM) have transformed crops into products that serve the vital needs of a growing world. Today, we’re one of the world’s largest agricultural processors and food ingredient providers, with approximately 32,000 employees serving customers in more than 160 countries. With a global value chain that includes approximately 500 crop procurement locations, 250 ingredient manufacturing facilities, 38 innovation centers and the world’s premier crop transportation network, we connect the harvest to the home, making products for food, animal feed, industrial and energy uses. Learn more atwww.adm.com。