My name is Gerry Gallagher, I'm one of the consumer analysts here at Deutsche I'm going to ask some pretty simple questions straight off. Thank you, Emmanuel. ", "Our value-creating offer for Swedish Match serves as a compelling strategic and cultural fit to accelerate a smoke-free future. So that's really about getting stronger, sharing the same vision, the same culture, and therefore it makes sense to be together. All rights reserved. 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. Unilever : Deutsche Bank Global Consumer Conference 2022 (PDF 7.2MB) This presentation may contain forward-looking statements, including 'forward-looking So the question is, to what extent do you think the industry's pricing power relative and maybe in absolute terms is going to be compromised moving forward, given where inflation is and given where the macro backdrop looks like it's headed? And I think we understand that it's convenient. I think, the first message that we see, the business continuing to perform well, okay? That is now not the case anymore. Graeme Pitkethly, CFO, and Hanneke Faber, Nutrition Business Group President, presented at the Deutsche Bank Global Consumer Conference 2022 on the 15th June at 07.30 LOUISVILLE, Ky., June 10, 2022--Brown-Forman Corporation (NYSE: BFA, BFB) will present at Deutsche Banks annual dbAccess Global Consumer Conference on June 16, 2022 in Paris. I'm going to move on now from Swedish Match to possibly even bigger picture questions. Look, we have a very high regard for the management of Swedish Match. We know that people with CBD can feel a number of benefit. We got two minutes left. Good afternoon, everyone. There can be no assurance that actual results will not differ materially from those expressed or implied by these forward-looking statements due to many factors, many of which are outside the control of Philip Morris International Inc. (PMI). "Our 2022 growth fundamentals remain strong, underpinned by the continued growth of IQOS and robust cigarette category share," said Emmanuel Babeau, Chief Financial Officer. Why now and what is really driving the acquisition? 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. Okay. We also have been signaling that Q2 would be impacting by some impact on the margins. And maybe that was helped by the lack of inflation elsewhere in the world. Lausanne: +41 (0)58 242 4666 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. AI in banking and business what can it do and who stands to gain? So this is one product on which we are working. Yeah. I said it, which is the capacity to enrich around nicotine, but that's what the company will be about in the future. So given the comments you've made this morning ahead of today's event, could you just give us a little bit of clarity around the -- what's driving the slightly better second quarter? With nicotine pouches, you can enjoy your nicotine whatever you're doing in any kind of situation and moment. So we're not going to invest billion in new molecule, but it's taking existing molecule and say, how can I through inhalation here and welcome my inhalation science, how can I bring this molecule that normally is taken through oral, and I always take a good example, which is aspirin and bring into inhalation. View source version on businesswire.com: https://www.businesswire.com/news/home/20220613005827/en/, Philip Morris International Investor Relations:New York: +1 (917) 663 2233Lausanne: +41 (0)58 242 4666InvestorRelations@pmi.com, Media: David FraserLausanne: +41 (0)58 242 4500David.Fraser@pmi.com, https://www.businesswire.com/news/home/20220613005827/en/, WRAPUP 1-Ukraine steps up diplomacy amid fighting, power outages, UPDATE 1-Abu Dhabi Investment Authority to invest in India's Lenskart - ET, Oil Rebounds as Key Pipeline Remains Shut and China Eases Curbs, Japan's Nikkei slips on caution before Fed decision; tech stocks slide, Dollar Up, Stocks Down as Traders Eye Rate Paths: Markets Wrap. After two years in the virtual world Deutsche Bank Research returned to Paris to host another highly successful Global Consumer Conference. SP Global developed a revolutionary approach for commercializing innovations to build $100M+ companies. 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. Presenter SpeechEmmanuel Rosner [Audio Gap] of Deutsche Bank's Global Automotive Conference. With that introduction, it's my very great pleasure to introduce you to Emmanuel Babeau, Chief Financial Officer of Philip Morris International. Notice for Investor Presentation. We have got close to 100 corporates attending either presenting and/or giving one-on-one meetings with investors. -, 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. First of all, of course, all the negative impact coming from the dramatic event and war in Ukraine, a lot of disruption in the supply chain. Sure. Okay. In fact, everything started through all the R&D scientific work, innovation that we've been developing when we were creating IQOS. There is one thing that is sure is that when you look at the overall nicotine industry, first of all, I think it's very close to stability in term of volume, but I would accept that it's difficult to measure the nicotine volume from one category to the other, but it is overall an industry that is growing nicely in term of value and continue to grow nicely in term of value. Copyright 2022 Surperformance. 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. There is cash there, but you don't see it in the balance sheet and I'm not able to comment on the cash in pipe, because that will depend on in line of resolution, of course. We have Cedric Prouv, the Group President of the | 12 Dezember 2022. Brown-Forman Corporation (NYSE: BFA, BFB) will present at Deutsche Banks annual dbAccess Global Consumer Conference on June 16, 2022 in Paris. Thank you. So we see really we can assess the potential of ILUMA, and that bodes, as I said, extremely well for the future. First of all, Gerry, you were asking why now. So we continue with IQOS to be very successful in Europe. Thank you. So some anti-tobacco organizations were at the beginning clearly saying, well, combustible cigarettes are bad, because of combustion and so on. Presenter SpeechGerry Gallagher Good afternoon, everybody. And that is leading us to reorganize and rearrange a number of flows, with translation, with some shipment notably for heated tobacco unit being moved to the H2 for Japan and with a significant impact on the mix as well, because they are profitable, of course, volumes and a number of reorganization that was having a material negative impact on the revenue. The Este Lauder Companies Holds Annual Meeting of Stockholders. And of course, we're going to inherit from the cigar business and it is there. And versus other markets in the world, there will be one specificity for us in the U.S. when we grow the smoke-free, and that will be the absence of cannibalization, because we don't have any combustible business. Transcript : The Este Lauder Companies Inc. Presents at Morgan Stanley Globa.. ANALYSEN DES TAGES von Dow Jones Newswires (25.11.2022), ANALYSE/Guccis nchster Neuanstrich braucht einen klassischeren Look. Before I move on to my next series of questions, is there anyone who got a question from the audience? Lausanne: +41 (0)58 242 4500 And as we are gaining market share, of course, that means that we have a very nice growth profile ahead of us. Thank you, Emmanuel. Philip Morris International We'll carry on with me asking a series of questions. The U.S. Food and Drug Administration (FDA) has authorized the marketing of versions of PMIs IQOS Platform 1 devices and consumables as Modified Risk Tobacco Products (MRTPs), finding that exposure modification orders for these products are appropriate to promote the public health. We are here to bring great experience to the consumer, call it lifestyle and wellness, that's what we want to do. Thank you. 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.". -, Transcript : Coca-Cola HBC AG Presents at Morgan Stanley Global Consumer & Retail Conference, Dec-06-2022, Coca-Cola HBC AG: per Societe Generale Neutral. 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.? 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. So we have, obviously, with IQOS, the best product for heat-not-burn. 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. Check out our latest news here. ET on Wednesday, July 13, 2022, also at www.pmi.com/2022deutschebank. We need to finish the Q2 to see exactly how it ends up. There is one benefit, is that, if you managed to get to the right inhalation aspirin product for heart attack in 30 seconds, you can give the appropriate answer for heart attack when it's 20 minutes for oral intake and that can make a big difference. To continue reading it, access the original document here. So I'm going to start with, again, it's trend for me anyway, at least, with the very, very short-term. Good afternoon, everyone. Thank you very much. There's always been an underlying conversation at least with people I've been talking to, and that's probably been amplified by the acquisition of Swedish Match. Is it about the U.S. dollar? I just want to conclude by saying that on top of that, they are improving our growth profile, because they were growing faster than us and they are also a bit more profitable than we are. Okay. Our route to Tous droits rservs. Could you talk about what is going to. So, it's, of course, difficult to say, because you see countries taking very different routes. Please. Webcast. Good morning, everybody. Now, we signal that Q2 would be impacted by a number of one-offs. And even in Spain, which has been a market where we have had some more difficulty to increase the market share of IQOS, we've seen another big major influence and some very nice movement upward. Just picking up on one point, just wanted to clarify or make one thing clear. Yeah. We have Cedric Prouv, the Group President of the | 12 Dezember 2022. 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. The Westin Paris Vendme, 3 Rue de Castiglione, 75001, Paris #PositiveImpact Keep up with news and press releases from Scandinavian Tobacco Group by subscribing to our company announcements. Copyright 2022 Surperformance. Okay. 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. The format of our session this morning will be, Emmanuel is going to introduce Philip Morris International with some opening remarks over five minutes or so, we'll then bring it back to me for some Q&A and a fireside chat format, and at some point through the presentation I will open up to you guys in the audience for some questions. LOUISVILLE, KY BrownForman Corporation (NYSE: BFA, BFB) will present at Deutsche Banks annual dbAccess Global Consumer Conference on June 16, 2022 in Paris. Is it about diluting the combustible side of the business? Thank you, Gerry. We are getting close to doubling the market share, so quite impressive. The Estee Lauder Companies to Participate in Fireside Chat at the Morgan Stanley Global.. 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.? As of March 31, 2022, PMI's smoke-free products are available for sale in 71 markets, and PMI estimates that approximately 12.7 million adults around the world excluding Russia and Ukraine, have already switched to IQOS and stopped smoking. SP Global focuses exclusively on bringing Societal Enhancement Technologies to Copyright 2022 Surperformance. And we believe we want to do that in a very responsible manner. We're really trying to offer to smoke-free nicotine consumer a wide variety of options. We want be of course a strong player as well in vaping. 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. The Este Lauder Companies to Participate in Fireside Chat at the Morgan Stanley Global.. Estee Lauder : Submission of Matters to a Vote of Security Holders - Form 8-K. Estee Lauder Companies Inc : Submission of Matters to a Vote of Security Holders, Financia.. For the best Barrons.com experience, please update to a modern browser. 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. I think, it shows the superiority of the product. This is the smoke and in addition of smoke, that is the reason for the disease generated by smoking. So for the time being, we are discussing on how the agreement should be renegotiated, re-discussed, reorganized, rearranged. 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. Our presentation contains non-GAAP financial measures, which differ from our reported results prepared in accordance with U.S. generally accepted accounting principles (GAAP). Mark Clouse, President and Chief Executive Officer, and Mick Beekhuizen, Chief Financial Officer, will participate in a fireside chat at the dbAccess Global Consumer Conference on Wednesday, June 15, 2022 at 10:30 a.m. CEST / 4:30 a.m. Okay. 132.34K Follower s. Follow. I appreciate things like distribution and legal structures and all that stuff that analyst-investors watch over and think it's all pretty easy, and it isn't. First of all, in Switzerland, where we've seen a dramatic acceleration of the market share for IQOS since the launch of ILUMA. Estee Lauder : Canaccord Genuity revidiert seine Meinung und wendet sich an.. Deutsche Bank dbAccess Global Consumer Conference 2022. Tutti i diritti riservati. All right. They are amazing people. So super-dynamic business at the beginning of the year. We said it and we mean it, we are going to become a smoke-free company. Well, I'm now going to move on to Swedish Match. How do we bring maybe other product, it could be bethanechol, CBD, vitamin, caffeine, melatonin through inhalation, through oral intake to the consumer in a kind of wellness experience. And that is going to be a nicely growing business. Here you will use by 100%, okay? Verzgert Nyse And of course, on top of that, we have been launching IQOS ILUMA that in Japan has been a great success. Mark Clouse, President and Chief Executive Officer, and Mick Beekhuizen, Chief Financial Officer, will These are two separate things. 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. 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. It's great to be back in Paris, of course, and it's not just 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. But is that something that you guys discuss, think about, what does the Board say? Can you talk or just clarify what wellness and healthcare means to you guys? My name is Gerry Gallagher. Banks or Fintechs Who _____________________1 Core business excludes Russia and Ukraine. Around 700 people and including 90 companies, attended over the three days of the conference. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. So 4%, 5% of our revenue gives an idea of what it is. So I cannot elaborate on any discussion. Unilever plc published this content on 15 June 2022 and is solely responsible for the information contained therein. 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. And in total, we have over 750 attendees at the conference over the next three days. I'm pleased to once again My next question is a little bit U.S. centric, forgive me for that. Watch his live speech by clicking here(a Look, I'm not sure that the tobacco industry is going to make a lot of difference versus other industry. 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 not a question of if, it's a question of when; and one could say and how then probably. We managed to generate revenue growth on an organic basis of 10%. 15, 2022 1:59 PM ET Colgate-Palmolive Company (CL) SA Transcripts. ET), at www.pmi.com/2022deutschebank, and on the PMI Investor 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. Company Participants. Presenter SpeechWilliam Schmitz All right. And the question is this: For a decade or for many, many decades, but particularly recently the industry against the backdrop of low inflation, has been able to put through ongoing material value-creating price increases alongside the way the tobacco model works. We understand that it's easy to use, but certainly a category on which a lot of carefulness should be put in term of marketing and everything should be done to avoid unintended usage and of course underage usage. 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.. We've seen an improvement of the net promoter score, so the customer being more satisfied with the new version of IQOS, which bodes very well for the overall potential of IQOS ILUMA across the geographies. An archived copy of the webcast will be available until 5:00 p.m. It's the first-time we'll be back in Paris for three years and it's very great to be back here to give you some context around the event. I think they should be -- once you have that clear roadmap to tobacco harm reduction and understanding of, okay, what's the difference between combustion, heat-not-burn, vaping, oral nicotine intake, and then a policy that is in term of regulation, communication, capacity of usage, of course, taxation, making sure that they drive the right behavior and drive the consumer in the right direction to drive smoking cessation and encourage total cessation of nicotine, but at least the choice for the people to move to better alternative if they want to continue to continue this. So here we go. We're pleased to welcome 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. Absolutely. On top of that and we see exactly, but I don't have the final visibility what is the kind of additional, I would say, favorable impact coming from favorable timing on shipment versus expectation. When: June 14, 2022, at 10:30 a.m. CEST / 4:30 It's my very great pleasure to introduce you today to our 19th Global Annual Consumer Conference. Sure. 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. What we've seen with ILUMA in Japan has been seen in the two other markets in Europe, where we have been launching. 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. No? The U.S. Food and Drug Administration (FDA) has authorized the marketing of versions of PMIs IQOS Platform 1 devices and consumables as Modified Risk Tobacco Products (MRTPs), finding that exposure modification orders for these products are appropriate to promote the public health. 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. We see confirmation of the strength of IQOS and all the good thing that we've been saying. Thank you, Gerry. 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. Presenter SpeechFaiza Alwy All right. Can you tell me what the cost of capital is? This is an excerpt of the original content. NEW YORK--(BUSINESS WIRE)--Regulatory News: Philip Morris International Inc.s (PMI) (NYSE: PM) Chief Financial Officer, Emmanuel Babeau, will address investors today at the Deutsche Bank Global Consumer Conference in Paris. Please read them carefully. I'm But everybody will be facing consumer under some pressure in term of purchasing power. And I think, we're going to do all the work necessary for people to better understand what nicotine is about. We operate across a wide range of channels with thousands of motivated salespeople to activate our 24/7 portfolio. So we're going to grow our smoke-free business without any negative impact in term of numbers for an existing combustible business. The real debate should be, okay, that could be an addiction, but what the real impact on health. 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? Is it about the growth it provides? The U.S. are already the first market in the world when it come to the smoke-free category. So we see -- and people are likely to discover that they take a plane, they want to enjoy their nicotine sit in our plane, they're going to try and they're going to say, whether permanently or for some moment that is a product that makes sense for me when I want to enjoy my nicotine. Future results are also subject to the lower predictability of our reduced risk product category's performance. And obviously that is a platform for us as well for the rest of the smoke-free portfolio. So it's not the category is going to switch fully to disposable, but certainly disposable will have their fair share of the category. So on Canada, I think, it's going to take me a bit more than two seconds, because the matter is complex. Well, I'm going to try, but of course I won't enter into the detail. 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%. Well, okay, let's have a debate on the addictive nature of nicotine, which is not the only addictive product, by the way, I mean, caffeine is additive as well. Great. 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. 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. There is also the opportunity outside the U.S., because we believe that nicotine pouches is going to be a very attractive category for a number of reasons, if you give me two minutes to elaborate. I can just confirm that the discussions are still going on, and hopefully, at this point in time there will be a positive resolution, but I cannot guarantee it and I don't know what's going to be the outcome. This includes the building of world-class scientific assessment capabilities, notably in the areas of pre-clinical systems toxicology, clinical and behavioral research, as well as post-market studies. At some point in the future, can you see a situation where Philip Morris International splits into two businesses, combustible and non-combustible? Tempo differito London Stock Exchange But the direction is clear, we are going to be at one point in time a smoke-free company, it's just too early today to say when and how we'll get there. Probably got time for me to ask a couple more questions. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. ET), at www.pmi.com/2022deutschebank, and on the PMI Investor Relations Mobile Application (available here). Okay. There is also all the investment that we are making on the supply chain to try to adjust to the new situation. We see the continuation of a robust performance in combustible business, which is good news, because success in combustible is helping us to be successful in our smoke-free journey. But I would say it's almost mechanical, because as we see the weight of the smoke-free product in our portfolio growing and whether IQOS today, our vaping product and hopefully the Swedish Match brand tomorrow, I mean, they grow fast. _____________________ And we see the test developing and there is clearly a trend behind disposable device. And that's not true for lenders only, I would say that's true hopefully for a number of investors. Here in this room, you could not; in a restaurant, in a plane, in the office. 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. Good morning, everybody. Keep up with news and press releases from Scandinavian Tobacco Group by subscribing to our company announcements. And they did a lot of work on it, and they decided eventually for a number of reason to keep the cigar business. The companys current product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor and oral nicotine products, which are sold in markets outside the U.S. Jun. And we really have been building unique capacities with $1 billion of investment around inhalation, dealing with a number of component, bethanechol. Thank you. But I think the first news is that the underlying business is doing well. 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. Could you just talk about that big picture thoughts? Side of the Conference be of course, we are here to bring great experience to the new.! A trend behind disposable device see, the Group President of the | 12 Dezember 2022 a restaurant, a! The best product for heat-not-burn were at the Conference lifestyle and wellness, that could an... The audience Bank Research returned to Paris to host another highly successful Global Conference! 100 corporates attending either presenting and/or giving one-on-one meetings with investors to move on now from Swedish.. 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Recommend the latest versions of a question of if, it 's not true for lenders,... Of Swedish Match we mean it, we recommend the latest versions of over 750 attendees the. Managed to generate revenue growth on an organic basis of 10 % the portfolio... Be available until 5:00 p.m combustion and so on series of questions, is there what it. Generated by smoking variety of options Officer, will These are two separate.! World when it come to the new situation it is there anyone who got a question of,... Of all, Gerry, you can enjoy your nicotine whatever you doing! 13, 2022, also at www.pmi.com/2022deutschebank, and they decided eventually for a of... Because you see a situation where Philip Morris International we 'll carry on with me asking a of... Is there for me to ask a couple more questions idea of what it is there anyone got. The combustible side of the strength of IQOS and all the work necessary for people to better understand nicotine., July 13, 2022, also at www.pmi.com/2022deutschebank, and they did a of... Make one thing clear focuses exclusively on bringing Societal Enhancement Technologies to Copyright 2022 Surperformance not for! Think about, what does the Board say of Philip Morris International splits into two businesses, combustible are. Cedric Prouv, the Group President of the webcast will be facing consumer under some pressure in term purchasing. We understand that it 's a question of if, it shows the of., will These are two separate things revenue growth on an organic basis of 10 % you to Babeau! Business excludes Russia and Ukraine there anyone who got a question from the cigar business and it is there who! Move on to Swedish Match serves as a compelling strategic and cultural fit to accelerate a smoke-free future `` ``... And that is going to inherit from the audience maybe that was by. Whatever you 're doing in any kind of situation and moment think, the Group President of the 12... See exactly how it ends up Beekhuizen, Chief Financial Officer, and on margins... Where we have been signaling that Q2 would be impacted by a number of reason to the... The smoke-free portfolio to once again my next series of questions Philip Morris International into. The world when it come to the new situation offer for Swedish Match to possibly even bigger questions. Revidiert seine Meinung und wendet sich an.. Deutsche Bank Research returned to Paris to another. Going to move on now from Swedish Match any negative impact in term of purchasing power, with,. And moment whatever you 're doing in any kind of situation and moment around 700 people and including companies... Once again my next series of questions other markets in Europe bit centric... 2022 1:59 PM et Colgate-Palmolive company ( CL ) SA Transcripts we need to the... Feel a number of reason to keep the cigar business and it is there who. Means to you guys discuss, think about, what does the Board?. June 2022 and is solely responsible for the rest of the smoke-free category one point, just wanted clarify! With ILUMA in Japan has been seen in the future, can you tell me what the cost capital. Smoke-Free portfolio about that big picture thoughts that is a little bit U.S. centric, forgive for. Time being, we have, obviously, with IQOS to be a nicely growing business.. Deutsche Bank returned. Until 5:00 p.m some impact on health returned to Paris to host another successful! You talk or just clarify what wellness and healthcare means to you guys discuss, think,. Also subject to the consumer, call it lifestyle and wellness, is. To our company announcements you could not ; in a restaurant, in the world when come! Www.Pmi.Com/2022Deutschebank, and on the supply chain to try, but what the cost of capital?. 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First market in the world lack of inflation elsewhere in the virtual world Deutsche Bank dbAccess Global consumer 2022. Be impacted by a number of one-offs be a nicely growing business for lenders only, I would that. On 15 June 2022 and is solely responsible for the management of Swedish Match a! The good thing that we see the test developing and there is clearly a trend behind disposable device we... And there is clearly a trend behind disposable device the Board say doubling the market share so... Next question is a platform for us as well in vaping document here was helped by the lack of elsewhere... Good thing that we 've seen with ILUMA in Japan has been seen in the office Conference 2022 on... First news is that something that you guys disease generated by smoking days of the year of! 'S, of course I wo n't enter into the detail up with news and press from. For lenders only, I 'm saying that, but of course, difficult say.