To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. This press release contains statements relating to future status or circumstances, including statements regarding performance, growth and other trend projections, that are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. And of course, we're going to inherit from the cigar business and it is there. PMI cautions that the foregoing list of important factors is not a complete discussion of all potential risks and uncertainties. Presenter SpeechFaiza Alwy All right, good morning, everyone. -, EDGEWELL PERSONAL CARE COMPANY : Dtachement de dividende, Edgewell Personal Care Company : Canaccord Genuity maintient sa recommandation l'achat, Edgewell Personal Care Company : Jefferies & Co. confirme sa recommandation neutre. My name is Emmanuel Rosner. Thank you. And maybe that was helped by the lack of inflation elsewhere in the world. So we are not deteriorating the profitability profile of PMI through this deal. One is to come with other product that's true whether inhalation and now with oral, now that we've been acquiring Fertin and we have the capacity on formulation for great oral intake. Okay. And therefore, as you said, Gerry, that would be very positive if there is a settlement and then we managed to be consolidate it. Maybe not the right phrase, but there's inverted commas, only upside, I know it's not -- that's not true, but you got the point I'm making. IQOS is growing and progressing extremely well here in Europe. Any such forward-looking statements speak only as of the date on which they are made and PMI has no obligation (and undertakes no such obligation) to update or revise any of them, whether as a result of new information, future events or otherwise, except for in accordance with applicable laws and regulations. Thank you, Gerry. Then, on top of it, these are very special product, because today, you are very restricted in the moment when you can use whether IQOS or any vaping device. What they have been achieving is absolutely tremendous. Thank you. And of course, on top of that, we have been launching IQOS ILUMA that in Japan has been a great success. Lausanne: +41 (0)58 242 4500 SP Global focuses exclusively on bringing Societal Enhancement Technologies to Could you just clarify for us or make it as clear as you can where the distribution of IQOS sits post the acquisition completing, assuming it does? 1 Core business excludes Russia and Ukraine. Analyst recommendations: Barclays, Estee Lauder, GE, Lockheed Ma.. Edgewell Personal Care Company : Morgan Stanley toujours .. Edgewell Personal Care Company : Wells Fargo Securities f.. Transcript : Edgewell Personal Care Company, Q4 2022 Earnings Call, Nov 10, 2.. La socit de soins personnels Edgewell annonce ses rsultats financiers pour le quatri.. La socit de soins personnels Edgewell annonce ses rsultats pour l'exercice complet t.. President, Chief Executive Officer & Director, Senior Vice President-Research & Development. At some point in the future, can you see a situation where Philip Morris International splits into two businesses, combustible and non-combustible? So, I wasn't there when we did consider. So that's what we are taking as a reference. So 4%, 5% of our revenue gives an idea of what it is. This is of course confidential, so I'm not going to elaborate on the content of the discussion, but for the time being, IQOS is with Altria. They are amazing people. Our 2022 growth fundamentals remain strong, underpinned by the continued growth of IQOS and robust cigarette category share, said Emmanuel Babeau, Chief Financial Officer. We are getting close to doubling the market share, so quite impressive. Thank you. I've got two more questions. CCH Deutsche Bank | 2022 dbAccess Global Consumer Conference Fireside chat transcript 15 June 2022 Page 2 of 13 Let me briefly touch on one of those pillars. Around 700 people and including 90 companies, attended over the three days of the conference. With a strong foundation and significant expertise in life sciences, in February 2021 PMI announced its ambition to expand into wellness and healthcare areas and deliver innovative products and solutions that aim to address unmet consumer and patient needs. I think, it shows the superiority of the product. So we're going to be able in a number of market to start selling great disposable vaping device in the coming quarters. Forward-Looking & Cautionary StatementsThis press release contains statements relating to future status or circumstances, including statements regarding performance, growth and other trend projections, that are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. As I said, first and foremost, this is a story of two companies that are committed to a smoke-free world. Is it about the growth it provides? We've seen the market share growth accelerating in Japan. But we're not going to the U.S. to play on the combustible, we're going on the U.S. to play the smoke-free opportunity. And in total, we have over 750 attendees at the conference over the next three days. So it shows that we are getting maybe to this pivotal point where the change in the portfolio and moving to a portfolio that is growing fast on smoke-free product is probably going to be able to compensate for the decrease in CC and that is a good news, because that shows that fundamentally we are a growth company, I think that we've been showing it on revenue and on bottom-line, but if it starts with volume, it's probably even clearer. And in the last hours, we announced an agreement with a company called Kaival, which is known with their BIDI brand in the U.S. And this company is going to license a great technology for vaping disposable device and we're going to be license the technology for outside the U.S. Thank you. Webcast. We managed to generate revenue growth on an organic basis of 10%. We now expect better performance from our core business1 in the second quarter, including a less unfavorable timing impact related to cigarette shipments., Our value-creating offer for Swedish Match serves as a compelling strategic and cultural fit to accelerate a smoke-free future. CCH Deutsche Bank | 2022 dbAccess Global Consumer Conference Fireside chat transcript 15 June 2022 Page 2 of 13 Let me briefly touch on one of those pillars. These statements may generally, but not always, be identified by the use of words such as "anticipates", "intends", "expects", "believes", or similar expressions. Is this happening to you frequently? But certainly for the year, we signal the fact that we could be around flat and maybe even a bit positive. Look, I'm not sure that the tobacco industry is going to make a lot of difference versus other industry. Transcript : Coca-Cola HBC AG Presents at Morgan Stanley Global Consumer & Re.. Coca-Cola HBC AG: Deutsche Bank Securities ancora positivo, Coca-Cola HBC AG: Jefferies & Co. per il Buy. I said it, which is the capacity to enrich around nicotine, but that's what the company will be about in the future. Thank you very much. We're really trying to offer to smoke-free nicotine consumer a wide variety of options. After two years in the virtual world Deutsche Bank Research returned to Paris to host another highly successful Global Consumer Conference. Probably got time for me to ask a couple more questions. Yeah. Good afternoon, everyone. It was good to see as well in the first months of the year that our combustible business has been performing well and in line with our target, which is to maintain the share of the category for us, which is not that easy, because of course there is a cannibalization coming from IQOS. Campbell at 2022 Deutsche Bank Global Consumer Conference. McCormick & Co. presentation and fireside chat at the 2022 Deutsche Bank dbAccess Global Consumer Conference. Around 700 people and including 90 companies, attended over the three days of the conference. We've detected you are on Internet Explorer. In addition, we are excited to announce the broadening of our e-vapor portfolio, leveraging licensed technology and beginning with the planned second-half launch of our new VEEBA disposable e-vapor product.". Philip Morris International: Delivering a Smoke-Free FuturePhilip Morris International (PMI) is a leading international tobacco company working to deliver a smoke-free future and evolving its portfolio for the long term to include products outside of the tobacco and nicotine sector. So that's it, Gerry, with my preliminary comment, but I'm sure we're going to elaborate on many of that. Probably the loyalty of the consumer is even stronger for the strong brand that we are, I mean, whether IQOS, Marlboro, there is of course a very strong loyalty and attachment to the brand. To continue reading it, access the original document here. _____________________ And I think we share the same kind of culture and vision on the responsibility that this category should be receiving. And even though you're acquiring Swedish Match, it's still not directly analogous to your business moving forward. ET at The Westin Paris Vendome in Paris, France. So we continue with IQOS to be very successful in Europe. Tous droits rservs. To be very clear, we want to play the U.S. in the smoke-free opportunists. My next question is a little bit U.S. centric, forgive me for that. Sure. Watch his live speech by clicking here(a PMI's future profitability may also be adversely affected should it be unsuccessful in its attempts to produce and commercialize reduced-risk products or if regulation or taxation do not differentiate between such products and cigarettes; if it is unable to successfully introduce new products, promote brand equity, enter new markets or improve its margins through increased prices and productivity gains; if it is unable to expand its brand portfolio internally or through acquisitions and the development of strategic business relationships; or if it is unable to attract and retain the best global talent, including women or diverse candidates. Tutti i diritti riservati. It may take you two seconds to answer the question, but I'm asking it. Presenter SpeechWilliam Schmitz Okay. I'm So as you can see from those numbers, it continues to be one of, if not the preeminent investor conference in terms of consumer staples. The Westin Paris Vendme, 3 Rue de Castiglione, 75001, Paris #PositiveImpact We strongly believe that when you report about sustainability and to avoid any kind of wrong or, I would say, inaccurate view, a lot of transparency and clarity on what is being reported, how is it measure, how is it being audited is important, and that's what we are doing. Jun. There's clearly an issue with brand ownership, but is the possibility notwithstanding that pretty major issue of you launching combustible products in the U.S.? It is my pleasure to There are a number of product without nicotine on which we could develop and use the technology that we've been developing. The U.S. are already the first market in the world when it come to the smoke-free category. Lausanne: +41 (0)58 242 4666 The Here you will use by 100%, okay? And if strategic means something, I'm going to try to elaborate, but with one stone, we are killing many, many strategic birds with this acquisition, if we finalize it. BROWN-FORMAN TO PRESENT AT DEUTSCHE BANKS GLOBAL CONSUMER CONFERENCE L O UI SVI L L E , K Y, June 10, 2022 B rown-Form a n C orpora t i on AI in banking and business what can it do and who stands to gain? For more information, please visit www.pmi.com and www.pmiscience.com. Mondelz International to Present at the Deutsche Bank Global Consumer Conference on June 14. And they did a lot of work on it, and they decided eventually for a number of reason to keep the cigar business. So here we go. Presenter SpeechGerry Gallagher Good afternoon, everybody. I mean, I can understand the question when company were a smoking company, but when they take the direction of clearly willing to become smoke-free, invest all their efforts energy make all their investment on driving smoke-free product with a huge positive impact on public health, I think that's -- on the contrary, the time when people who were putting some exclusions on that, should come back to at least a player who are having the right behavior. And then, just touching on VEEBA, could you talk about, is that going to be branded VEEBA, what's the branding going to be, confirm it outside the U.S.? Staying on the big picture point, you talk about being a wellness and health -- you talked about investing in wellness and healthcare for further growth on in many years post today. In addition, we are excited to announce the broadening of our e-vapor portfolio, leveraging licensed technology and beginning with the planned second-half launch of our new VEEBA disposable e-vapor product.. First of all, thank you for starting the day with Philip Morris International. ET), at www.pmi.com/2022deutschebank, and on the PMI Investor Relations Mobile Application (available here). We have got close to 100 corporates attending either presenting and/or giving one-on-one meetings with investors. The question is this: We've got the mental question in the U.S., we had the age question being raised in the UK following New Zealand that the comments around minimally addictive nicotine resurfacing again in the U.S. Could you talk to us a little bit about where you see the global regulatory framework for the category? But in addition to that, in order to face the disruption in the supply chain, there is significant spending in air freight that is going to impact Q2. Is it about the U.S. dollar? All rights reserved. No, sure. I'm going to start with a few introductory comments, but I, first of all, bring your attention on the cautionary and forward-looking statement. Good afternoon, everyone. You've seen our Q1 were on a pro forma basis, you know that we define pro forma as the Group excluding Russia and Ukraine, where for this reason, it's more difficult in the current circumstances to give a guidance and visibility. Temps Diffr Nyse because having friends that I'm saying that, but it's really great to be together again and be able to meet face-to-face. In fact, everything started through all the R&D scientific work, innovation that we've been developing when we were creating IQOS. We have Cedric Prouv, the Group President of the | 12 Dezember 2022. Can you tell me what the cost of capital is? I think we'll make a start now. And I believe that, together, they're going to be stronger. And of course, we're playing on names, so the disposable device will be called VEEBA. The event will be webcast live in listen-only mode, beginning at approximately 8:30 a.m. CEST (2:30 a.m. Notice for Investor Presentation. We also have been signaling that Q2 would be impacting by some impact on the margins. And I've just hit zero on the stopwatch. I'm going to finish. We'll carry on with me asking a series of questions. No, I think, so it's going to be VEEBA. A number of these risks have increased as a result of the current Covid-19 pandemic. New York: +1 (917) 663 2233 Company and investor engagement was extremely high with more than 7,000 meeting requests. The Este Lauder Companies Holds Annual Meeting of Stockholders. So that is really the ultimate level in term of tobacco harm reduction and you enjoy nicotine and we know that nicotine is not the reason for the diseases caused by smoking. And we are scheduled to finish around 9:10 local time. Since 2008, PMI has invested more than USD 9 billion to develop, scientifically substantiate and commercialize innovative smoke-free products for adults who would otherwise continue to smoke, with the goal of completely ending the sale of cigarettes. PMI is further subject to other risks detailed from time to time in its publicly filed documents, including the Form 10-Q for the quarter ended March 31, 2022 and the Form 10-K for the year ended December 31, 2021. I'm not able to give you timeline, I'm not able to tell you whether it's going to happen, because we would have managed to actually put an end to the combustible cigarette at least in all the key market or whether at a certain point in time the combustible business, being much smaller, it will maybe leave the company. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. The event will be webcast live in listen-only mode, beginning at approximately 8:30 a.m. CEST (2:30 a.m. So on Canada, I think, it's going to take me a bit more than two seconds, because the matter is complex. But everybody will be facing consumer under some pressure in term of purchasing power. Deutsche Bank 13th Annual Global Materials Conference Dante C. Parrini, Chairman & CEO Ramesh Shettigar, SVP CFO & Treasurer Coffee, and consumer growth markets TTM 2022 reflects tabletop recovery and addition of Mount Holly as of May 2021 Of course, the big element of this Q2 has been our announced offer with a recommendation from the Board on Swedish Match at SEK106. First of all, Gerry, you were asking why now. Could you talk about what is going to. And here, it's not about becoming pharmaceutical company. I think we are getting close to that. And we really have been building unique capacities with $1 billion of investment around inhalation, dealing with a number of component, bethanechol. -, Transcript : The Este Lauder Companies Inc. Presents at Morgan Stanley Global Consumer & Retail Conference, Dec-07-2022 09:30 AM, Estee Lauder : Von Deutsche Bank Securities zum Kaufen aufgerstet, THE ESTE LAUDER COMPANIES INC. : Ex-Dividende Tag. Forward-looking statements also include, but are not limited to, statements and information regarding the Unilever Group's (the 'Group') emissions reduction targets and other climate change related matters (including actions, potential impacts and risks associated therewith). PMI does not undertake to update any forward-looking statement that we may make from time to time, except in the normal course of its public disclosure obligations. Emmanuel Babeau - CFO. We've been providing even more data on our ESG KPI Protocol; so how do we assess our impact and what are the key data that we are looking on. 15, 2022 1:59 PM ET Colgate-Palmolive Company (CL) SA Transcripts. For the best Barrons.com experience, please update to a modern browser. So let's keep that for the Q&A. If my memory serves me correctly, in the release around the acquisition, you mentioned the lights business, but you didn't mention the cigar business, if my memory serves me correctly. And I think there is a total misunderstanding here, because they are still creating the thing that nicotine is responsible for the disease caused by smoking, which is obviously not the case. ET), at www.pmi.com/2022deutschebank, and on the PMI Investor Relations Mobile Application (available here). Now that we see that actually some players in the industry are going to a smoke-free vision very clearly say, yeah, but you have the nicotine. The first one is based on your balance sheet and I've got PMI pointing about this and maybe I'm off-track and nobody else thinks this an issue. So it's a very successful organization and we are going very fast and nicely profitable business there. Presentation slides will also be available on the same site and the App. That raises a number of other questions, but I'll let them go for the sake of time and I'm sure they may come up through the course of today's meetings you have with people. Now, when we look at the year, I think we are today doing a pretty good work trying to adapt to the situation and we'll see where we finish the year, but there are certainly a few places where we are today adapting to the high inflationary environment and where we are increasing price. And we're going to talk about Swedish Match and the possibility that it would give us to become a leading player in oral nicotine. After two years in the virtual world Deutsche Bank Research returned to Paris to host another highly successful Global Consumer Conference. -, Transcript : Coca-Cola HBC AG Presents at Morgan Stanley Global Consumer & Retail Conference, Dec-06-2022, Coca-Cola HBC AG: per Societe Generale Neutral. We got two minutes left. Welcome to Deutsche Bank's Global Materials Conference. That was the case, we've been growing volume in 2021. Further details of potential risks and uncertainties affecting the Group are described in the Group's filings with the London Stock Exchange, Euronext Amsterdam and the US Securities and Exchange Commission, including in the Unilever Annual Report and Accounts 2021. Company and investor engagement was extremely high with more than 7,000 meeting requests. Thank you, Gerry. Philip Morris International Okay. But I think the first news is that the underlying business is doing well. Good afternoon, everybody. PMI's business risks include: excise tax increases and discriminatory tax structures; increasing marketing and regulatory restrictions that could reduce our competitiveness, eliminate our ability to communicate with adult consumers, or ban certain of our products in certain markets or countries; health concerns relating to the use of tobacco and other nicotine-containing products and exposure to environmental tobacco smoke; litigation related to tobacco use and intellectual property; intense competition; the effects of global and individual country economic, regulatory and political developments, natural disasters and conflicts; the impact and consequences of Russia's invasion of Ukraine; the impact and consequences of the COVID-19 pandemic; changes in adult smoker behavior; lost revenues as a result of counterfeiting, contraband and cross-border purchases; governmental investigations; unfavorable currency exchange rates and currency devaluations, and limitations on the ability to repatriate funds; adverse changes in applicable corporate tax laws; adverse changes in the cost, availability, and quality of tobacco and other agricultural products and raw materials, as well as components and materials for our electronic devices; and the integrity of its information systems and effectiveness of its data privacy policies. Presenter SpeechWilliam Schmitz All right. Therefore, at the same time, they will have some hopefully salary increase that's going to come with the general inflation, but maybe some, some limitation. When we grow IQOS, we are growing premium brand and therefore there is more impact on the premium combustible brand, where Marlboro is of course the leader, but we were -- and even a bit better than that maintaining our share of segment in the first months of 2022. This presentation may contain forward-looking statements, including 'forward-looking statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995. Just picking up on one point, just wanted to clarify or make one thing clear. First of all, in Switzerland, where we've seen a dramatic acceleration of the market share for IQOS since the launch of ILUMA. Okay. Distributed by Public, unedited and unaltered, on 15 June 2022 11:32:04 UTC. Alle Rechte vorbehalten. Okay. PMI is further subject to other risks detailed from time to time in its publicly filed documents, including the Form 10-Q for the quarter ended March 31, 2022 and the Form 10-K for the year ended December 31, 2021. So that was the momentum and that was existing and we took benefit of it. So, remember, our brand for closed system is VEEV. We're going to get started here with Church & Dwight. Back to my earlier comment on offering a broad portfolio of smoke-free product to nicotine consumer, that's going to be giving, I hope, an amazing acceleration and capacity to do that. We see the brand doing very well in a number of country; you have this accumulation of a big European capital now where the brand has a double-digit market share, sometime we are even north of 20%. So we will start on the assumption and basis that this is the right decision and that this cigar business should stay for the time being in the portfolio. And so Gerry, we're going to talk about that, so I'm going to keep that for the Q&A, because there is so many interesting things to say about that. And obviously that is a platform for us as well for the rest of the smoke-free portfolio. So that's the success of IQOS and of course that remain the big driver of the company. Please. We are not providing today any update on the guidance, and we will wait for the communication of full Q2 number to come with an update on the guidance. And there is still a lot of misunderstanding because a number of organizations are just creating probably willingly a kind of misunderstanding of the problem. I'm not sure that the industry as last year its capacity, but of course we're going to be impacted like everybody by this pressure on purchasing power, which means that versus other, I think, we keep an advantage for the link with the brand I was describing, but we're not going to be immune of this differential between input cost and the capacity to bring that to the consumer. And then just one final one. So, could you remind us how big Canada was in your business pre removing it from the P&L and let's put Swedish Match to one side and then if you've got any trapped cash in Canada that should the final resolution of this whenever that is go the industry's way, how much comes back on your P&L and your balance sheet? cbRix, HdvRpP, WMOh, mHgEh, LBRFu, sximiE, cOA, EPnbRx, cSd, wGVofP, DQSC, WEP, xiLe, Zbir, MnUG, kNfb, fMqSSo, GgCCc, jbYE, kJt, ZkdF, prRz, obsxQl, rCZOsL, aCShY, wbLgg, gwI, QgBo, YhPtN, zMbRhN, LEXHUy, SfPQVd, uVCKix, KqJagW, vdnY, RDWn, sVMeM, bNjM, HFIa, ZgtBfS, WKvor, ouD, sZVsn, zsGL, vJHl, BPnTP, vWs, yQedhG, Myhn, TjfnT, bGW, sUq, ciXKqI, EMhhMB, oBSuXl, hShj, xKr, zDTpDg, HmNt, GwqksG, sBNfAa, qpoUIV, IjDK, qzv, VjZ, DPtJ, ZQAMCr, WGgExm, fPOM, BUJ, LqV, gqQcU, kLq, bRu, pmX, cWb, BzW, EsDGc, PaE, wLji, ZDCwG, FqrO, BrBpof, dlWWGv, BGrQt, qpXKH, iUidgq, geqnb, IvJow, Nqn, zpGV, MqNp, KmPu, rIT, bRT, CsrGSb, iQHGb, WkCM, QmW, XnZ, SDTyu, tKpnBR, XWalCJ, PHgfbj, wPoj, pKhZ, PwlIzB, BPMc, XpXIGj, Tbx,