Bristol-Myers Squibb Company (NYSE:BMY) 2023 Virtual ASCO Investor Event Conference June 6, 2023 8:00 AM ET Company Participants Tim Power - Investor Relations Samit Hirawat - Chief Medical Officer Adam Lenkowsky - Chief Commercialization Officer Lynelle Hoch - Senior Vice President, Cell Therapy Franchise Lead Rosanna Ricafort - Vice President Cell Therapy Clinical Development Lead Conference Call Participants Chris Schott - JPMorgan Carter Gould - Barclays Matt Phipps - William Blair Dane Leone - Raymond ...

Colgate-Palmolive Company (NYSE:CL) Annual Deutsche Bank Global Consumer Conference Call June 6, 2023 8:00 AM ET Company Participants Jean-Luc Fischer - Division President of Europe John Faucher - Chief Investor Relations Officer and Senior Vice President of Mergers and Acquisitions Conference Call Participants Steve Powers - Deutsche Bank Steve Powers Thanks, everybody, and welcome back. For the next session, by the way, I'm Steve Powers. I'm the U.S. consumer staples analyst for Deutsche Bank. And I'm thr ...

Kimberly-Clark Corporation (NYSE:KMB) Deutsche Bank Global Consumer Conference Transcript June 6, 2023 9:45 AM ET Executives Michael Hsu - Chairman and CEO Nelson Urdaneta - Chief Financial Officer Analysts Steve Powers - Deutsche Bank Steve Powers Okay. Welcome back from break. I’m Steve Powers. I’m the U.S. consumer packaged goods analyst here at Deutsche Bank. I’m thrilled to welcome Kimberly-Clark to our conference. This is the first showing of Kimberly-Clark at the Deutsche Bank Global Consumer Confere ...

Summary of Marriott International, Inc. Conference Call Company Overview - **Company**: Marriott International, Inc. (NASDAQ: MAR) - **Industry**: Hospitality and Travel - **Key Metrics**: Over 1.5 million rooms in nearly 140 countries, with 20 more in the pipeline [1][3] Core Insights - **Revenue and EPS Growth**: Achieved 12% revenue growth and 48% EPS growth compared to 2019 levels, indicating strong recovery and resilience in the travel sector [1][3] - **Business Model Resilience**: The asset-light model and diversified portfolio have proven effective in recovering from the pandemic, showcasing the strength of the company's strategy [3][6] - **Blended Trip Purpose**: The trend of combining business and leisure travel is expected to persist, enhancing long-term business prospects [7][8] - **Technology Integration**: Technology will play a crucial role in improving operational efficiency and enhancing guest experiences, with a focus on creating capacity for associates rather than replacing jobs [8][29] Growth Strategies - **International Expansion**: 57% of the pipeline is outside the U.S., with significant growth potential in international markets [9][19] - **Acquisition of City Express**: This acquisition adds approximately 17,000 rooms and strengthens Marriott's position in the Caribbean and Latin America, marking entry into the mid-scale tier [11][12] - **New Brand Development**: Introduction of a new extended stay mid-scale offering, reflecting the demand for temporary accommodations [14][15] Market Dynamics - **Pipeline Confidence**: The company maintains a robust pipeline of about 500,000 rooms, with a forecasted net unit growth of 4% to 4.5% for 2023 [19][20] - **Conversion Activity**: Increased conversion activity is noted, with nearly a third of volume coming from conversions, driven by favorable market conditions [21][23] - **Impact of Economic Conditions**: Despite concerns about economic downturns, current data does not indicate a significant negative impact on business, with a shift in consumer spending towards experiences rather than goods [42][46] Group and Business Travel - **Group Travel Recovery**: Group bookings have shown strong recovery, with a 16% increase in booking pace, indicating a robust demand for group travel [49][50] - **Business Transient Travel**: Small and medium-sized businesses have fully recovered, while large multinationals are gradually returning to pre-pandemic levels [52] Regional Insights - **Asia-Pacific Market**: The APAC region is experiencing strong recovery, with Greater China showing significant domestic demand but slower recovery in cross-border travel [55] Financial Performance - **April Results**: Worldwide RevPAR increased by 16% year-over-year, with occupancy up 6% and ADR up 7%, indicating positive momentum heading into the second quarter [58] Conclusion - **Future Outlook**: Marriott International is well-positioned for continued growth, leveraging its diversified portfolio, technology investments, and strategic acquisitions to navigate the evolving travel landscape [46][48]

Blink Charging Co. (NASDAQ:BLNK) TD Cowen’s Sustainability Week Conference June 6, 2023 9:10 AM ET Company Participants Brendan Jones - President and CEO Conference Call Participants Gabe Daoud - TD Cowen Gabe Daoud Good morning, everyone. And thanks for joining us at TD Cowen’s Sustainability Week. We have a great lineup of companies across a number of sectors. So, I hope you enjoy the event. My name is Gabe Daoud. I'm TD Cowen's charging, battery and energy analyst. I'll be hosting a number of companies w ...

CSX Corporation (NASDAQ:CSX) UBS Global Industrials and Transportation Conference June 6, 2023 8:50 AM ET Company Participants Kevin Boone - Executive Vice President of Sales and Marketing Conference Call Participants Tom Wadewitz - UBS Tom Wadewitz All right. Good morning, everyone. My name is Tom Wadewitz. I cover the freight transports for UBS. It's a pleasure for me to welcome you to the conference. And also to have CSX with us today, we have Kevin Boone, who's head of marketing for CSX and looking forw ...

Mastercard Incorporated (NYSE:MA) William Blair 43rd Annual Growth Stock Conference June 6, 2023 9:00 AM ET Company Participants Linda Kirkpatrick - President, North America Conference Call Participants Robert Napoli - William Blair Robert Napoli Thank you. Welcome, everybody, to the 43rd Annual William Blair Growth Stock Conference. We're excited to have -- I'm excited to have with us this morning, Linda Kirkpatrick, who is President of North America for Mastercard. I've known Linda since the IPO of Maste ...

Clorox Company Conference Call Summary Company Overview - **Company**: The Clorox Company (NYSE: CLX) - **Date**: June 6, 2023 - **Participants**: - Linda Rendle - Chief Executive Officer - Kevin Jacobsen - Chief Financial Officer - Steve Powers - Deutsche Bank Analyst Key Industry Insights - **Industry**: Consumer Packaged Goods - **Market Position**: Clorox has a leading portfolio of trusted brands including Clorox, Glad, Fresh Step, Hidden Valley, and Burt's Bees [1][2] Core Points and Arguments 1. **Current Trends and Financial Guidance**: - Clorox has experienced strong recent results and has raised guidance intra-year, indicating positive operational progress [3][4] - The company aims to rebuild profitability affected by significant inflation, targeting a return to pre-pandemic margin levels while maintaining top-line growth [4][9] 2. **IGNITE Strategy**: - The IGNITE strategy focuses on accelerating growth, removing waste, driving cost savings, and enhancing innovation [5][6] - Clorox has seen a significant improvement in brand strength, with approximately 70% of its portfolio rated superior by consumers, up from mid-50s pre-pandemic [7] 3. **Digital Transformation**: - A $500 million investment in digital transformation is underway, aimed at enhancing operational efficiency and consumer engagement [8][34] - The transformation is expected to fundamentally change how Clorox operates, improving data management and decision-making processes [34][35] 4. **Financial Performance and Goals**: - Clorox targets 3% to 4% organic sales growth for the current fiscal year, with expectations to rebuild gross margins by 250 to 300 basis points [9][10] - The company aims for adjusted earnings per share growth of 6% to 10% and plans to improve free cash flow to high single digits or low double digits [10][54] 5. **Pricing Strategy**: - Clorox has implemented four rounds of pricing increases and is focused on maintaining these prices while monitoring consumer behavior [16][17] - The company has historically only rolled back one price increase in 20 years, indicating strong pricing power [17][18] 6. **Supply Chain Improvements**: - Significant progress has been made in supply chain reliability, with improved fill rates and reduced inventory levels [45] - Clorox is optimizing supplier relationships to further reduce costs [45] 7. **International Growth**: - Clorox aims to accelerate international performance, leveraging innovations like wipes and expanding its cat litter and Burt's Bees product lines [43] 8. **Cash Flow and Capital Allocation**: - The company is focused on returning to a free cash flow target of 11% to 13% of sales, with plans to support dividends and manage debt levels effectively [54][56] - M&A opportunities will be considered after stabilizing cash flow and profitability [56][57] Additional Important Insights - **Consumer Behavior**: Clorox is monitoring potential recession impacts on consumer spending and is prepared to adjust strategies accordingly [14] - **Innovation Focus**: The company is committed to driving innovation and advertising efficiency to attract and retain consumers [47][48] - **Long-term Vision**: Clorox aims to maintain a competitive edge through continuous investment in technology and operational improvements [50][51] This summary encapsulates the key points discussed during the Clorox Company conference call, highlighting the company's strategic direction, financial goals, and market positioning.

Summary of Philip Morris International Inc. Conference Call Company Overview - **Company**: Philip Morris International Inc. (NYSE: PM) - **Event**: Annual Deutsche Bank Global Consumer Conference Call - **Date**: June 6, 2023 Key Industry Insights - **Industry Focus**: Tobacco and smoke-free products - **Market Dynamics**: The company is transitioning towards a predominantly smoke-free portfolio, with significant growth in smoke-free products like IQOS and ZYN driving revenue. Core Points and Arguments 1. **Strong Q2 Performance Expected**: The company anticipates a strong second quarter driven by the success of its smoke-free portfolio, projecting shipment volumes of IQOS between 31 billion and 32 billion sticks [3][4] 2. **ZYN Growth in the U.S.**: ZYN is experiencing robust growth in the U.S., contributing positively to the company's top line [4] 3. **Margin Improvement**: The company expects to see an improvement in adjusted operating income (OI) margin by up to 100 basis points in Q2, driven by better gross margin rates and more aligned SG&A growth with revenue [5][6] 4. **Full Year Guidance Reaffirmed**: Based on the expected strong Q2 performance, the company is targeting the upper end of its Q2 guidance of $1.42 to $1.47 and reaffirms its full-year guidance [7] 5. **Organic Revenue Growth**: The company has delivered over 7% organic revenue growth for three consecutive years from 2021 to 2023, indicating a dynamic business environment [10] 6. **Positive Margin Trajectory**: The company anticipates continued margin improvement beyond Q2, with a year-on-year organic improvement expected in the second half of 2023 compared to 2022 [6][12] 7. **ZYN's Growth Potential**: The U.S. market for ZYN shows significant growth potential, with plans to expand into 5 to 10 new markets in the coming months [17] 8. **Dual-Product Strategy**: The company is leveraging both IQOS and ZYN as key assets in its strategy to capture market share in the smoke-free category [19] 9. **Vaping Market Challenges**: The vaping category presents challenges due to low consumer loyalty and regulatory issues, but the company remains committed to its VEEV product line in select markets [21][24] 10. **Market Share in Heat-Not-Burn**: The company holds a 75% market share in the heat-not-burn category and aims to maintain leadership through innovation and product development [26][28] Additional Important Insights 1. **ESG Commitment**: The company emphasizes its commitment to ESG principles, aiming to be a leader in sustainability and addressing public health concerns related to tobacco products [32][34] 2. **Dividend Policy**: The company maintains a progressive dividend policy with a 7.5% CAGR since its 2008 listing, emphasizing that the dividend is sacrosanct [37] 3. **Acquisition Strategy**: The company is focused on organic growth and investing in its core smoke-free products, with no immediate plans for large acquisitions following the Swedish Match acquisition [40][41] 4. **IQOS U.S. Market Strategy**: The company plans to relaunch IQOS in the U.S. market in April 2024, targeting a 10% market share by 2030 [49][52] 5. **Innovation Lifecycle**: The company is committed to ongoing innovation in its product offerings, with plans for improvements in device technology and consumables [54][56] Conclusion Philip Morris International is strategically positioned to capitalize on the growing demand for smoke-free products, with a strong focus on innovation, market expansion, and sustainability. The company is optimistic about its growth trajectory and is committed to maintaining its leadership in the evolving tobacco industry.

AstraZeneca PLC (NASDAQ:AZN) ASCO Investor Event June 5, 2023 7:00 PM ET CorporateParticipants Andy Barnett - VP Global Head of IR Roy Herbst - Deputy Director, Yale Cancer Center Pascal Soriot - Chief Executive Officer Susan Galbraith - Executive Vice President Oncology R&D Dave Fredrickson - Executive Vice President Oncology Business Sunil Verma - Global Head of Oncology, Medical Leora Horn - Global Clinical Head, Lung Cancer and Lung Cancer Strategy Osama Rahma - Global Clinical Strategy Head, GI Cancer ...