Imperial Brands PLC (IMB) Q2 2022 Earnings Call

Investor webinar replay

Replay transcript excerpt

Well, good morning to everyone here, and welcome to our half-year results presentation. And thank you to all of you who have come to join us here in London. It's great to see you, but I also want to say a warm welcome to all of you who are watching this presentation online. I will just draw your attention to the disclaimer before I introduce you to the rest of the team and outline the agenda for the day. Now, I'm here with, hopefully, you've met before, Lucas Faraglini, our Chief Financial Officer, and with Peter Derman, our Head of Investor Relationships. I will, as usual, give you some introductory remarks about how we are successfully implementing our strategy. And Lucas will follow with an explanation of how our strategy is translating into positive financial outcomes. I will then give you some color on how we're delivering on our key markets and our categories. And finally, as usual, we'll have plenty of time for question and answers. Now, I'm pleased to report that our five-year plan to transform Imperial is fully on track. And our results today demonstrate this good progress. Now, the key headlines are as follows. 1. Our targeted investments have driven improved aggregate market share in our top five markets. This is another piece of evidence confirming that we have now stabilized our core combustible business following a long period of relative decline. Positive consumer reactions to our recent MGP trials have strengthened our confidence in our MGP strategy and enabled us to move to a broader rollout of our new propositions. And three, strong cash generation is delivering further deal leverage. And four, While the future is always uncertain, we remain on track to deliver full year results in line with our previous guidance. Our strong performance in the first...