Glanbia Capital Markets Day Summary Company Overview - **Company**: Glanbia (OTCPK:GLAP.F) - **Event**: 2025 Capital Markets Day - **Date**: November 19, 2025 - **Focus**: Growth opportunities in nutrition categories and shareholder returns [1][2] Core Industry Insights - **Industry**: Nutrition and Health - **Trends**: - Protein demand is accelerating, with 80% of US consumers prioritizing protein daily [4] - The clean ingredient market is projected to grow from $50 billion to $200 billion by 2030 [5] - Functional nutrition is expanding into adjacent categories like protein coffee and protein water [5] - 12% of American adults have used GLP-1 for weight loss, indicating a shift in consumer preferences towards protein and functional benefits [6] Business Strategy and Growth Ambitions - **Growth Segments**: - Performance Nutrition and Healthy Nutrition are primary focus areas [4][12] - Targeting 5%-7% annual organic revenue growth in Performance Nutrition and 4%-6% in Health & Nutrition [8] - Ambition to scale Performance Nutrition to $2 billion [11] - Healthy Nutrition aims for $1 billion through organic and inorganic growth [12] Financial Performance - **Shareholder Returns**: $1.2 billion returned to shareholders since 2020 [8] - **EBITDA Growth**: Significant growth in EBITDA and margins noted [7] - **EPS Growth Target**: 7%-11% growth with 85% cash conversion [8] Market Position - **Market Leadership**: - Number one in global sports nutrition and leading in various nutrition categories [9] - 60% of revenue and 70% of EBITDA from performance and healthy nutrition [9] - Strong presence in whey protein solutions and American-style cheddar cheese [14] Innovation and Product Development - **Innovation Focus**: Over 230 scientists across 20 innovation centers to develop new products [16] - **Product Mix Expansion**: Diversifying from whey protein to include collagen and milk protein [22] - **New Product Launches**: Examples include ProQuench and ready-to-drink offerings [53] Consumer Engagement and Marketing - **Digital Transformation**: Significant investment in digital marketing and consumer engagement [40][37] - **Brand Loyalty**: High Net Promoter Scores and strong consumer trust in Optimum Nutrition [26][25] - **Target Demographics**: Focus on performance-motivated consumers, with a significant addressable market [32][47] Challenges and Risk Management - **Whey Pricing Volatility**: High demand has led to record whey prices, with strategies in place to manage procurement [19][21] - **Economic Resilience**: Protein categories are resilient to economic uncertainty, with stable consumer intent to purchase [46] Conclusion - **Future Outlook**: Glanbia is positioned for strong growth driven by consumer trends in nutrition, innovation, and a robust marketing strategy [60] - **Commitment to Quality**: Continuous focus on product quality and consumer trust as key drivers for future success [26][42]

Technology & AI Development - DeepSearch and Think will automatically activate in Grok 3.5 as needed [1] - DeepSearch is used to find and collect major daily news stories posted within the last 24 hours [1] - Think mode is activated to carefully analyze and process the news [1] Content Analysis & Summarization - The top 10 stories are summarized [1] - The summarization explains the stories in a very simple way [1]

Core Insights - Lenovo Group's Intelligent Devices Group (IDG) achieved record performance in the 2024/25 fiscal year, with the PC business in China leading the market with nearly 35% market share [2] - The company is focusing on a hybrid ecosystem, particularly in "personal" AI, to enhance product experiences and create value for consumers and enterprises [4] Group 1 - Lenovo aims to solidify its leadership in the AI PC sector by developing top-tier products like the Aura series [4] - The company is leveraging its diverse devices and operating systems to build a robust and secure hybrid AI ecosystem, capitalizing on its operational capabilities and local delivery model [4][6] - Lenovo has a solid roadmap for AI devices, with established technology foundations across its product lines, including Think, Yoga, Motorola, and Legion [4] Group 2 - The company plans to increase R&D investments focused on user-centric development and AI differentiation, including forming a dedicated IDG team for AI ecosystems [5] - Lenovo is integrating PCSD and MBG technologies to create sustainable advantages and a unified AI solution across devices, enhancing user engagement and commercialization [6] - The company is committed to software strategies that deeply integrate with AI, aiming for seamless cross-device experiences [6] Group 3 - Lenovo is continuing the success of Motorola, which was the fastest-growing OEM last year, and aims for further achievements in 2025 by promoting high-end product lines and expanding key markets [6] - The company is seizing growth opportunities in accessories, display devices, workstations, AR/VR, and smart collaboration [6] - Lenovo is determined to define the era with "Smarter AI for All" and set global standards [7]