Core Insights - Constellation Brands, Inc. will participate in the 2025 Barclays Global Consumer Staples Conference, discussing financial metrics, operating performance, strategic initiatives, and future outlook [1] Company Overview - Constellation Brands is a leading international producer and marketer of beer, wine, and spirits, with operations in the U.S., Mexico, New Zealand, and Italy [3] - The company aims to build beloved brands and is recognized as one of the fastest-growing large consumer packaged goods (CPG) companies in the U.S. retail sector [3] Product Portfolio - The company's product offerings include high-end imported beers like Corona Extra and Modelo Especial, a variety of wines such as The Prisoner Wine Company and Robert Mondavi Winery, and craft spirits including Casa Noble Tequila and High West Whiskey [4] Sustainability and ESG Strategy - Constellation Brands emphasizes sustainable and responsible operations, integrating an Environmental, Social, and Governance (ESG) strategy into its business model [5] - The company focuses on environmental stewardship, community investment, and promoting responsible alcohol consumption as part of its long-term business strategy [5]

Financial Data and Key Metrics Changes - In H1 2025, organic revenue grew by 0.9%, reaching nearly EUR 3.1 billion, confirming expectations for organic growth in 2025 [4][41] - EBITDA for H1 2025 was EUR 246 million before exceptional items, with expectations for a stronger second half [4][34] - Cash flow from operations (CFFO) reached EUR 416 million in H1, with a full-year guidance of over EUR 500 million [4][35] - Free cash flow increased by nearly 200%, reaching EUR 370 million, with expectations for the full year to exceed this figure [10][35] Business Line Data and Key Metrics Changes - The European segment is focused on cost reductions to improve profitability, with the end of the Disney contract and Ligue One impacting revenue [6][41] - The content production and distribution segment saw a decrease in revenue in H1 2025 due to delivery phasing and a strong H1 2024 [42] - Dailymotion experienced double-digit growth, driven by strategic investments and advertising deals [44] Market Data and Key Metrics Changes - Subscriber base slightly decreased overall, with retail subscribers growing in France but wholesale subscribers declining due to the end of certain deals [36][37] - In Africa, subscriber growth slowed, influenced by content availability and renewal rates, but acquisition rates improved significantly [38][39] - The Vietnamese market is under assessment due to declining performance [37][89] Company Strategy and Development Direction - The company aims to generate profitable growth and cash flow by focusing on profitable contracts and customer segments [4][5] - Strategic partnerships and content value propositions are key focuses, including enhancing in-house production capabilities and developing strategic content partnerships [11][12] - The company is pursuing a growth ambition to reach 50 to 100 million subscribers, with significant investments in platforms like Viaplay and Vue [25][26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving full-year guidance and highlighted the importance of cash generation initiatives [33][61] - The company anticipates improved content availability in H2 2025, with a strong slate of local series and major sports events [39][41] - Management remains cautious about the immediate potential of the Netflix partnership in French-speaking Africa due to low broadband penetration [67] Other Important Information - The company has reached an agreement with the French National Centre of Cinema to avoid a negative cash outlay of nearly EUR 100 million [8] - A new ESG strategy has been implemented, focusing on reducing carbon footprint and enhancing digital accessibility [56][58] Q&A Session Summary Question: Subscriber trends and initiatives - The company noted a slight decrease in overall subscribers, with Europe performing better than Africa and Asia, driven by content renewal rates [65][66] Question: Underlying advertising trends - Positive underlying trends in advertising revenue growth were reported, particularly for Dailymotion, with double-digit growth noted [68][69] Question: Macro trends in content demand - No major shifts in content demand were observed, with a continued focus on a diverse content offering [70][72] Question: Free cash flow expectations - The company confirmed expectations for free cash flow to be above EUR 370 million for H2, with typical seasonal cash generation patterns noted [73][74] Question: MultiChoice acquisition guidance - Financial and strategic guidance regarding the MultiChoice acquisition will be provided post-closing, with synergies expected to be identified early next year [77][78] Question: Content costs outlook - Content costs are expected to decrease in Europe, with ongoing investments in local content in Africa [81][82] Question: Tax issues and VAT - The company is focused on resolving tax issues, particularly VAT, with an expected effective tax rate of 35-40% for the full year [84][92]

Core Insights - Constellation Brands, Inc. reported its first quarter fiscal 2026 financial results, with a conference call scheduled for July 2, 2025, to discuss these results and future outlook [1] Company Overview - Constellation Brands is a leading international producer and marketer of beer, wine, and spirits, with operations in the U.S., Mexico, New Zealand, and Italy [2] - The company's mission focuses on building beloved brands and enhancing human connections, which drives its growth as one of the fastest-growing large consumer packaged goods companies in the U.S. [2] Product Portfolio - The company offers a diverse range of products, including high-end imported beers like Corona Extra and Modelo Especial, a variety of wines such as The Prisoner Wine Company and Robert Mondavi Winery, and craft spirits like Casa Noble Tequila and High West Whiskey [3] Sustainability and ESG Strategy - Constellation Brands emphasizes sustainable and responsible operations, integrating its Environmental, Social, and Governance (ESG) strategy into its business practices [4] - The company aims to be a good steward of the environment, invest in communities, and promote responsible alcohol consumption, aligning these goals with its long-term business strategy [4]

Group 1 - The Extraordinary General Meeting of EVS Broadcast Equipment SA was held on June 10, 2025, due to a lack of quorum at the previous meeting on May 20, 2025 [1][2] - A total of 163 shareholders representing 3,721,388 shares, or 25.97% of the company shares, attended the meeting, where the issuance of warrants was approved [2] - The minutes and related documents from the Extraordinary General Meeting will be published on the company's website [2] Group 2 - EVS is recognized as a leading provider of live video technology for broadcast and new media productions, delivering live sports, entertainment shows, and breaking news to billions of viewers [3] - The company is headquartered in Liège, Belgium, with a global presence in over 100 countries and employs more than 700 team members [4] - EVS is publicly traded on Euronext Brussels and is part of the Euronext Tech Leaders and Euronext BEL Mid indices [4]

Core Viewpoint - Constellation Brands, Inc. will participate in the 2025 Deutsche Bank Global Consumer Conference, discussing financial metrics, operating performance, strategic initiatives, and future outlook [1]. Company Overview - Constellation Brands is a leading international producer and marketer of beer, wine, and spirits, with operations in the U.S., Mexico, New Zealand, and Italy [3]. - The company's mission focuses on building beloved brands and enhancing human connections, which drives its growth as one of the fastest-growing large consumer packaged goods companies in the U.S. [3]. Product Portfolio - The company offers a range of high-end imported beer brands, including Corona Extra, Modelo Especial, and various craft spirits and fine wines such as The Prisoner Wine Company and Robert Mondavi Winery [4]. Sustainability and ESG Strategy - Constellation Brands emphasizes sustainable and responsible operations, integrating its ESG strategy into its business practices to promote environmental stewardship and responsible alcohol consumption [5].

Group 1 - The Extraordinary General Meeting of EVS Broadcast Equipment SA has been postponed to June 10, 2025, due to a lack of attendance quorum [1] - The Board of Directors will propose the issuance of warrants for shareholder approval during the General Meeting [2] - EVS is recognized as a leading provider in live video technology for broadcast and new media productions, serving billions of viewers daily [2][3] Group 2 - The company is headquartered in Liège, Belgium, with a global presence in over 100 countries and employs more than 700 team members [3] - EVS is publicly traded on Euronext Brussels and is part of the Euronext Tech Leaders and Euronext BEL Mid indices [3]

Core Points - EVS Broadcast Equipment SA held its Ordinary General Meeting on May 20, 2025, with 154 shareholders representing 3,726,794 shares, or 26.01% of the company shares, in attendance [1] - All resolutions were approved, including the remuneration report, discharge of Directors and Auditor, and the 2024 annual accounts, which included a total gross dividend of EUR 1.10 for fiscal year 2024 [1] - The Extraordinary General Meeting scheduled for the same day was postponed to June 10, 2025, due to a lack of attendance quorum [1] Company Overview - EVS is a leading provider of live video technology for broadcast and new media productions, recognized globally for its solutions that deliver live sports, entertainment shows, and breaking news to billions of viewers [2] - The company is headquartered in Liège, Belgium, with a global presence, employing over 700 team members and providing services in more than 100 countries [3] - EVS is publicly traded on Euronext Brussels and is part of the Euronext Tech Leaders and Euronext BEL Mid indices [3] Governance and Financials - The mandate of 7 Capital SRL, represented by Mrs. Chantal De Vrieze, was renewed as Director [5] - PricewaterhouseCoopers SRL was appointed as statutory auditor for the next three years [5]