Universal Leaf Tobacco Company Presentation
Outlook (as reported August 2, 2023)
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We are forecasting increased leaf tobacco production in fiscal year 2024, compared to fiscal year 2023
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We believe that even with increased tobacco production, leaf tobacco will remain in an undersupply position
Tobacco Operations
Ingredients Operations
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We continue to execute on our strategy to invest in and expand the platform's capabilities for future growth in existing and new
products
One of the main objectives of our current investments in our plant-based ingredients platform is to expand our portfolio to include
more value-added products for our customers
We continue to believe the inventory challenges are temporary and expect excess inventory levels held by our customers to
eventually work down
We are well-positioned to capitalize on demand from our customers
With the investments we are making, we are a stronger partner for current and future customers due to the expanded range of
capabilities and products that we can offer them
We are encouraged by ongoing customer engagements regarding existing business and new business opportunities
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