BOSS BOTTLED UNITED EXPERIENCE Pitch
INVESTMENT THESIS
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ONE OF THE MOST BEAUTIFUL PORTFOLIOS, WITH TWO COMPLEMENTARY BRAND PORTFOLIOS
ONE OF THE MOST BEAUTIFUL & COMPREHENSIVE BRAND PORTFOLIOS IN THE INDUSTRY, AND THE ONLY
GROUP AT THIS LEVEL TO OPERATE TWO COMPLEMENTARY BRAND PORTFOLIOS
RAPIDLY EXECUTING ON ALL KEY STRATEGIC GROWTH PILLARS
GREEN SHOOTS IN EVERY STRATEGIC PILLAR, WITH STRONG CADENCE OF PORTFOLIO MILESTONES
PLANNED THROUGH CY21
GROSS MARGIN AND COST REDUCTIONS WILL FUEL OUR GROWTH PLANS
CLEAR OPPORTUNITY TO DRIVE INCREASED PROFITABILITY THROUGH GROSS MARGIN EXPANSION AND
COST REDUCTIONS, WHILE STILL INVESTING BEHIND OUR FOCUS BRANDS
MULTIPLE LEVERS TO DELEVERAGE
OPPORTUNITIES TO IMPROVE FCF AND LEVERAGE THROUGH EBITDA GROWTH, WORKING CAPITAL
ENHANCEMENTS, AND ASSET MONETIZATION, INCLUDING STAKE IN WELLA
COTY
SINCE 1904
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