Imperial Brands PLC (IMB) Q2 2020 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. Welcome to our 2020 Interim Results presentation. I'm Dominic Brisby, Joint Interim CEO, together with Jörg Bibinick, who will also be presenting today, along with our CFO, Oliver Tant. Since Jörg and I were asked by the board to lead Imperial in early February, we've been working with Oliver on five key areas. Protecting the health, safety and well-being of our people. Maintaining supply to customers. enhancing our focus on our tobacco performance, right-sizing investment behind our next-generation products, and strengthening the balance sheet. Over the course of the presentation, we will outline the progress we've made in each of these areas. Jörg and I will provide an initial overview, before handing over to Oliver to take you through the financials, our revised approach to capital allocation, and the outlook. We will then cover our divisional performance before taking questions. Let me start by talking about how we have managed the business through coronavirus, starting with how we have protected the health, safety and wellbeing of our people. We employ more than 32,000 people around the world. They are the lifeblood of the business and we value everything they've been doing in these challenging times. In all our markets, We have scrupulously followed the advice of governments and public health bodies, and we will continue to do so. Large swathes of the business have been working remotely for some time. Where our employees have to work on site, such as our manufacturing facilities, they are doing so in such a way that prioritises their health and wellbeing, with social distance and hygiene guidelines strictly adhered to. Our manufacturing and supply chain have benefited from its diversified nature, We operate 38 factories, and it is a credit to the ...