Consumer Defensive - Beverages - Alcoholic - NYSE - BE
$ 56.25
-0.177 %
$ 110 B
Market Cap
17.58
P/E
Anheuser-Busch InBev SA/NV engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks worldwide. It offers a portfolio of approximately 500 beer brands, which primarily include Budweiser, Corona, and Stella Artois; Beck's, Hoegaarden, Leffe, and Michelob Ultra; and Aguila, Antarctica, Bud Light, Brahma, Cass, Castle, Castle Lite, Cristal, Harbin, Jupiler, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol brands. The company was founded in 1366 and is headquartered in Leuven, Belgium.[ Read More ]
The intrinsic value of one BUD stock under the base case scenario is HIDDEN Compared to the current market price of 56.2 USD, Anheuser-Busch InBev SA/NV is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart BUD
FINANCIALS
59.4 B
REVENUE
14 B
OPERATING INCOME
5.34 B
NET INCOME
13.3 B
OPERATING CASH FLOW
-4.38 B
INVESTING CASH FLOW
-8.57 B
FINANCING CASH FLOW
15 B
REVENUE
4.09 B
OPERATING INCOME
1.47 B
NET INCOME
2.57 B
OPERATING CASH FLOW
-2.15 B
INVESTING CASH FLOW
-2.9 B
FINANCING CASH FLOW
Balance Sheet Decomposition
Anheuser-Busch InBev SA/NV
| Current Assets | 23.4 B |
| Cash & Short-Term Investments | 10.4 B |
| Receivables | 6.37 B |
| Other Current Assets | 6.6 B |
| Non-Current Assets | 198 B |
| Long-Term Investments | 5.38 B |
| PP&E | 26.8 B |
| Other Non-Current Assets | 165 B |
| Current Liabilities | 37.2 B |
| Accounts Payable | 17.7 B |
| Short-Term Debt | 4.18 B |
| Other Current Liabilities | 15.2 B |
| Non-Current Liabilities | 89.5 B |
| Long-Term Debt | 74.2 B |
| Other Non-Current Liabilities | 15.3 B |
EFFICIENCY
Earnings Waterfall
Anheuser-Busch InBev SA/NV
| Revenue | 59.4 B |
| Cost Of Revenue | 29.6 B |
| Gross Profit | 29.8 B |
| Operating Expenses | 18 B |
| Operating Income | 14 B |
| Other Expenses | 8.62 B |
| Net Income | 5.34 B |
RATIOS
50.18%
GROSS MARGIN
23.52%
OPERATING MARGIN
8.99%
NET MARGIN
6.53%
ROE
2.42%
ROA
6.70%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Anheuser-Busch InBev SA/NV
| Net Income | 5.34 B |
| Depreciation & Amortization | 5.39 B |
| Capital Expenditures | -4.64 B |
| Stock-Based Compensation | 570 M |
| Change in Working Capital | -849 M |
| Others | 3.5 B |
| Free Cash Flow | 8.63 B |
Wall Street Analysts Price Targets
Anheuser-Busch InBev SA/NV
Wall Street analysts predict an average 1-year price target for BUD of $70.6 , with forecasts ranging from a low of $65 to a high of $76 .
BUD Lowest Price Target
Wall Street Target
65 USD
15.56%
BUD Average Price Target
Wall Street Target
70.6 USD
25.56%
BUD Highest Price Target
Wall Street Target
76 USD
35.11%
4. DIVIDEND ANALYSIS
0.00%
DIVIDEND YIELD
0.647 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Anheuser-Busch InBev SA/NV
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
17 years ago
Oct 26, 2007
|
Sell 395 K USD
|
BUSCH AUGUST A III
Director |
- 7600
|
52 USD |
|
17 years ago
Oct 26, 2007
|
Sell 317 K USD
|
BUSCH AUGUST A III
Director |
- 6100
|
51.99 USD |
|
17 years ago
Oct 26, 2007
|
Sell 46.8 K USD
|
BUSCH AUGUST A III
Director |
- 900
|
51.98 USD |
|
17 years ago
Oct 26, 2007
|
Sell 182 K USD
|
BUSCH AUGUST A III
Director |
- 3500
|
51.97 USD |
|
17 years ago
Oct 26, 2007
|
Sell 171 K USD
|
BUSCH AUGUST A III
Director |
- 3300
|
51.96 USD |
|
17 years ago
Oct 26, 2007
|
Sell 192 K USD
|
BUSCH AUGUST A III
Director |
- 3700
|
51.93 USD |
|
17 years ago
Oct 26, 2007
|
Sell 197 K USD
|
BUSCH AUGUST A III
Director |
- 3800
|
51.92 USD |
|
17 years ago
Oct 26, 2007
|
Sell 93.4 K USD
|
BUSCH AUGUST A III
Director |
- 1800
|
51.91 USD |
|
17 years ago
Oct 26, 2007
|
Sell 171 K USD
|
BUSCH AUGUST A III
Director |
- 3300
|
51.9 USD |
|
17 years ago
Oct 26, 2007
|
Sell 436 K USD
|
BUSCH AUGUST A III
Director |
- 8400
|
51.89 USD |
|
17 years ago
Oct 26, 2007
|
Sell 290 K USD
|
BUSCH AUGUST A III
Director |
- 5600
|
51.87 USD |
|
17 years ago
Oct 26, 2007
|
Sell 213 K USD
|
BUSCH AUGUST A III
Director |
- 4100
|
51.86 USD |
|
17 years ago
Oct 26, 2007
|
Sell 415 K USD
|
BUSCH AUGUST A III
Director |
- 8000
|
51.85 USD |
|
17 years ago
Oct 26, 2007
|
Sell 98.5 K USD
|
BUSCH AUGUST A III
Director |
- 1900
|
51.83 USD |
|
17 years ago
Oct 26, 2007
|
Sell 492 K USD
|
BUSCH AUGUST A III
Director |
- 9500
|
51.82 USD |
|
17 years ago
Oct 26, 2007
|
Sell 114 K USD
|
BUSCH AUGUST A III
Director |
- 2200
|
51.81 USD |
|
17 years ago
Oct 26, 2007
|
Sell 238 K USD
|
BUSCH AUGUST A III
Director |
- 4600
|
51.79 USD |
|
17 years ago
Oct 26, 2007
|
Sell 627 K USD
|
BUSCH AUGUST A III
Director |
- 12100
|
51.8 USD |
|
17 years ago
Oct 26, 2007
|
Sell 290 K USD
|
BUSCH AUGUST A III
Director |
- 5600
|
51.78 USD |
|
17 years ago
Jan 12, 2007
|
Sell 131 K USD
|
BUSCH AUGUST A III
Director |
- 2600
|
50.33 USD |
|
17 years ago
Jan 12, 2007
|
Sell 111 K USD
|
BUSCH AUGUST A III
Director |
- 2200
|
50.34 USD |
|
17 years ago
Jan 12, 2007
|
Sell 574 K USD
|
BUSCH AUGUST A III
Director |
- 11400
|
50.35 USD |
|
17 years ago
Jan 12, 2007
|
Sell 121 K USD
|
BUSCH AUGUST A III
Director |
- 2400
|
50.37 USD |
|
17 years ago
Jan 12, 2007
|
Sell 191 K USD
|
BUSCH AUGUST A III
Director |
- 3800
|
50.39 USD |
|
17 years ago
Jan 12, 2007
|
Sell 1.79 M USD
|
BUSCH AUGUST A III
Director |
- 35500
|
50.4 USD |
|
17 years ago
Jan 12, 2007
|
Sell 459 K USD
|
BUSCH AUGUST A III
Director |
- 9100
|
50.41 USD |
|
17 years ago
Jan 16, 2007
|
Sell 92.7 K USD
|
BUSCH AUGUST A III
Director |
- 1836
|
50.51 USD |
|
17 years ago
Dec 22, 2006
|
Sell 112 K USD
|
BUSCH AUGUST A III
Director |
- 2300
|
48.89 USD |
|
17 years ago
Dec 22, 2006
|
Sell 19.6 K USD
|
BUSCH AUGUST A III
Director |
- 400
|
48.91 USD |
|
17 years ago
Dec 22, 2006
|
Sell 34.2 K USD
|
BUSCH AUGUST A III
Director |
- 700
|
48.92 USD |
|
17 years ago
Dec 22, 2006
|
Sell 88.1 K USD
|
BUSCH AUGUST A III
Director |
- 1800
|
48.93 USD |
|
17 years ago
Dec 22, 2006
|
Sell 4.89 K USD
|
BUSCH AUGUST A III
Director |
- 100
|
48.94 USD |
|
17 years ago
Dec 22, 2006
|
Sell 441 K USD
|
BUSCH AUGUST A III
Director |
- 9000
|
48.97 USD |
|
17 years ago
Dec 22, 2006
|
Sell 58.8 K USD
|
BUSCH AUGUST A III
Director |
- 1200
|
48.98 USD |
|
17 years ago
Dec 22, 2006
|
Sell 24 K USD
|
BUSCH AUGUST A III
Director |
- 490
|
48.99 USD |
|
18 years ago
Jul 28, 2006
|
Sell 4.84 M USD
|
BUSCH AUGUST A III
Chairman of the Board |
- 100900
|
48 USD |
|
18 years ago
Jul 28, 2006
|
Sell 830 K USD
|
BUSCH AUGUST A III
Chairman of the Board |
- 17300
|
47.97 USD |
|
18 years ago
Jul 28, 2006
|
Sell 4.8 K USD
|
BUSCH AUGUST A III
Chairman of the Board |
- 100
|
47.96 USD |
|
18 years ago
Jul 28, 2006
|
Sell 1.32 M USD
|
BUSCH AUGUST A III
Chairman of the Board |
- 27600
|
47.95 USD |
|
18 years ago
Jul 28, 2006
|
Sell 240 K USD
|
BUSCH AUGUST A III
Chairman of the Board |
- 5000
|
47.93 USD |
|
18 years ago
Jul 28, 2006
|
Sell 129 K USD
|
BUSCH AUGUST A III
Chairman of the Board |
- 2700
|
47.9 USD |
|
18 years ago
Jul 28, 2006
|
Sell 1.2 M USD
|
BUSCH AUGUST A III
Chairman of the Board |
- 25000
|
47.88 USD |
|
18 years ago
Jul 28, 2006
|
Sell 14.4 K USD
|
BUSCH AUGUST A III
Chairman of the Board |
- 300
|
47.86 USD |
|
18 years ago
Jul 28, 2006
|
Sell 5.79 M USD
|
BUSCH AUGUST A III
Chairman of the Board |
- 121100
|
47.85 USD |
|
18 years ago
Mar 22, 2006
|
Bought 392 K USD
|
WARNER DOUGLAS A III
Director |
+ 9000
|
43.54 USD |
|
18 years ago
Mar 22, 2006
|
Bought 43.5 K USD
|
WARNER DOUGLAS A III
Director |
+ 1000
|
43.49 USD |
|
18 years ago
Feb 13, 2006
|
Bought 10.1 K USD
|
JONES JAMES R
Director |
+ 250
|
40.52 USD |
|
18 years ago
Jan 23, 2006
|
Bought 41.9 K USD
|
JONES JAMES R
Director |
+ 1010
|
41.5 USD |
|
19 years ago
Nov 01, 2005
|
Bought 33.1 K USD
|
JONES JAMES R
Director |
+ 800
|
41.38 USD |
|
19 years ago
Mar 03, 2005
|
Bought 476 K USD
|
GONZALEZ CARLOS FERNANDEZ
Director |
+ 10000
|
47.64 USD |
7. News
The Most Seriously Questionable Advertising Slogans of the Past
24/7 Insights The companies on this list wish they never launched these slogans. Some of these brands are known for their risque marketing. There’s a balance between print and television ads with questionable slogans. Also: Are You On Track to Retire? Take This Quiz and Find Out (Sponsored) While we would all love to live in a world of the “Mad Men” television show where every marketer is incredibly wise, this isn’t always the case. Of course, every good advertising campaign starts with good intentions, but sometimes, even well-intentioned slogans can be wildly questionable. This is exactly the case with all of the slogans mentioned here. Unfortunately, sometimes marketing slogans made in a room with just a few people are better off having never made it into the hands of consumers. 16. “Touching Is Good” Nintendo’s slogan for its DS console was poorly received. Rolled out as part of a marketing campaign promoting its new Nintendo DS video game console, Nintendo didn’t think through this slogan. As part of a $40 million campaign highlighting the device’s launch, Nintendo’s hope to come off as edgy was just creepy. 15. “The Perfect Beer for Removing ‘No’ From Your Vocabulary for The Night” Bud Light apologized for its ad campaign, which people quickly complained about. Bud Light launched the ad as part of its “UpForWhatever” campaign to help people experience new things. Of course, it wasn’t interpreted in the way the company intended, and instead, Bud Light was assaulted with complaints that the ad promoted sexual assault. 14. “If It Doesn’t Get All Over the Place, It Doesn’t Belong In Your Face” Carl’s Jr wanted to use sex to sell its hamburgers. Introduced in the mid-1990s by fast food restaurant Carl’s Jr., the slogan was used by the company to sell itself through sex. The ads supporting the slogan showed young and attractive singles eating hamburgers with food spilling all over them. Surprisingly, Carl’s Jr. doubled down on the ad when people complained and told them to watch PBS. 13. “This Mother’s Day, Get Back To The Job That Really Matters” Proctor and Gamble is not the company you’d expect to launch a terrible slogan. A 2011 print ad by Proctor and Gamble was undeniably sexist. Even though the world knew the ad was sexist, there were mixed opinions on what it meant to imply. Ultimately, most people landed on this ad promoting teaching your daughter her place in society is to clean up after a man. 12. “Spike Your Best Friend’s Eggnog When They’re Not Looking” Bloomingdale’s mailed a catalog with a terrible slogan. Created by high-end clothing retailer Bloomingdales, this slogan was included in the company’s 2015 Christmas catalog. Accusations were swift that the ad encouraged date rape forcing Bloomingdale’s to apologize. 11. “Look Like a Girl, Act Like a Lady, Think Like a Man, Work Like a Boss” Bic pens are wildly popular but this slogan, not so much. Created by pen manufacturer Bic, this South African slogan celebrating Women’s Day was understandably poorly received. The company posted the ad on its Facebook page and quickly deleted it after the ad received an influx of complaints about the language. 10. “She Can Have a Tummy…And Still Look Yummy!” What horrible language, even for the 1950s. This is a print marketing ad for the Chubette clothing line in 1957. There is just so much wrong with it. It’s impossible to imagine how this slogan got approved, thankfully, before the age of social media. The goal was to promote slim-fitting clothes for girls ages 6-16, but wow, just wow. 9. “The More You Play With It, The Harder It Gets” Sega was well known for its daring ad campaigns. Aimed at the UK market, Sega released several print ads advertising its Mega Drive (Genesis) video game console. This language, even from a company known for bold marketing, no doubt pushed well past the line, but it was never pulled, and Sega never responded to any controversy. 8. “Perfect Body” Victoria’s Secret has learned its lesson with this slogan. In 2014, Victoria’s Secret saw its new “Perfect Body” campaign erupt into a social media firestorm. The slogan accompanied an ad with ten very thin models, and the pushback of the ad came fast and furious. The company quickly changed the online ad to read “A Body for Every Body.” 7. “More Doctors Smoke Camels Than Any Other Cigarette” Camel claimed that doctors were approving its cigarettes. During a time when the dangers of smoking weren’t truly well known, Camel promoted itself in print ads with this now incredibly misleading saying. Of course, the doctors in the ads were not real, and it’s impossible to imagine a world where any doctor would ever promote such a habit. 6. “Dieting Doesn’t Work, Weight Watchers Does.” I don’t know how Weight Watchers approved this slogan. There is no question that Weight Watchers has successfully helped people lose weight, but this time, it had to lose a campaign slogan quickly. The hope was to promote Weight Watchers as the ideal diet choice, but the ad was perceived as ridiculous since the brand and dieting are so closely aligned. 5. “You Can Never Be Too Thin” Pretzel Crisp’s effort to be crafty fell very flat. What sounds like an ad from the 1960s was actually from a 2010 Good Housekeeping magazine. Pretzel Crisps, a popular pretzel snack, attempted to fat-shame the population with the slogan “You can never be too thin.” To no one’s surprise, the ad was quickly pulled. 4. “It’s Not For Women” Dr. Pepper sure wished it could take back this slogan. Somehow, the team at Dr. Pepper approved this slogan in 2011, which, unsurprisingly, was only short-lived. The drink, Dr. Pepper Ten, was intended to focus on a male audience, but what was intended as irony came off as sexist and was pulled after receiving national attention. 3. “White Is Purity” Nivea quickly took down this slogan. It’s almost impossible to think of how the marketing department at Nivea’s Middle East business approved this slogan. Created in support of a new spray deodorant, it was said to reference the whole “invisible” deodorant idea that won’t stain your clothes. Of course, it came off as racist, and other Nivea branches, like inside the US, had to distance themselves from the event. 2. “Cheat On Your Girlfriend, Not Your Workout” Reebok quickly backtracked on this German ad. Debuted in Germany by Reebook, this campaign slogan was unsurprisingly short-lived. Reebok was accused of being both sexist and misogynistic and even lacking an understanding of its female audience. The company was forced to remark that it did not condone “cheating in any way.” 1. “Coolest Monkey In The Jungle” Shockingly, H&M approved this slogan. What seems like a good ad for a zoo was actually an advertising campaign from popular clothing retailer H&M. Released in 2018, the slogan itself doesn’t appear to have much wrong until you realize it’s alongside a young child model of African-American male descent. As “monkey” is considered a racial epithet, H&M apologized for the ad and pulled any clothing that included the language. Get Ready To Retire (Sponsored) Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. Here’s how it works: 1. Answer SmartAsset advisor match quiz 2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles. 3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future Get started right here. The post The Most Seriously Questionable Advertising Slogans of the Past appeared first on 24/7 Wall St..
https://247wallst.com
- 2 days ago
Anheuser-Busch Vs. Molson Coors -- Battle Of The Beers
Anheuser-Busch InBev SA/NV is a mid-level play with higher valuation and growth expectations, while Molson Coors Beverage Company is a value play with lower valuation and growth expectations. Both BUD and TAP are reasonably valued relative to forward EPS growth, but both risk becoming value traps. Our analysis suggests key support levels for BUD at $54 and a potential upside for TAP to $80-$82 if current support holds.
seekingalpha.com
- 4 days ago
AB InBev CEO: 'No. 1 priority is organic growth,' not M&As
Anheuser-Busch InBev (BUD) CEO Michel Doukeris sits down with Yahoo Finance Executive Editor Brian Sozzi to discuss how the company behind popular beer brands like Budweiser, Bud Light, and Busch is navigating the changing beverage space. "Our company historically grew through acquisitions, and beer consolidated somehow through acquisitions, as did many other sectors.
youtube.com
- 4 days ago
Corona Cero's Relaxation Clause Brings a Fresh Perspective to Athlete Partnerships
LONDON--(BUSINESS WIRE)-- #BornattheBeach--Corona, the world's most valuable beer brand, has introduced the ‘Relaxation Clause', a new global initiative for all sponsorship agreements that ensures athletes dedicate time to relax and unwind as part of their contract with Corona Cero. The Relaxation Clause offers a new approach to partnerships that reflects the essence of Corona: encouraging people to experience more moments to unwind and connect with nature. The unique initiative follows Corona Cero's iconic spon.
businesswire.com
- 5 days ago
Should You Pick BUD Stock At $60?
Anheuser-Busch InBev stock (NYSE: BUD) recently reported its Q3 results, with revenues falling short but earnings exceeding the street estimates. The company reported revenue of $15.05 billion and an adjusted profit of $0.98 per share, compared to the consensus estimates of $15.57 billion and $0.89, respectively.
forbes.com
- 1 week ago
Bud Light stock takes a hit as boycott drags on
Bud Light used to be the number one beer brand in the United States — but has since dropped down to third place. The decline happened due to a widespread boycott following conservative backlash against a marketing campaign that included transgender social media personality Dylan Mulvaney.
finbold.com
- 1 week ago
AB InBev Q3 Earnings Beat Estimates, Organic Revenues Rise 2.1%
BUD posts solid earnings results in third-quarter 2024. Organic revenues rise 2.1%, led by the ongoing premiumization and higher revenue per hectoliter.
zacks.com
- 2 weeks ago
Anheuser-Busch Inbev (BUD) Reports Q3 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for Anheuser-Busch Inbev (BUD) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
zacks.com
- 2 weeks ago
Stubborn Inflation Still Hurting Baby Boomers: 5 High-Yield Dividend Stocks Will Help
24/7 Wall St. Insights While much lower than June of 2022, inflation continues to hammer consumers.
247wallst.com
- 2 weeks ago
Anheuser-Busch InBev SA/NV (BUD) Q3 2024 Earnings Call Transcript
Anheuser-Busch InBev SA/NV (BUD) Q3 2024 Earnings Conference Call October 31, 2024 9:00 AM ET Company Participants Michel Doukeris - Chief Executive Officer Fernando Tennenbaum - Chief Financial Officer Conference Call Participants Robert Ottenstein - Evercore ISI Edward Mundy - Jefferies Sanjeet Aujla - UBS Laurence Whyatt - Barclays Mitch Collett - Deutsche Bank Chris Pitcher - Redburn Atlantic Simon Hales - Citi Andrea Pistacchi - Bank of America Celine Pannuti - JPMorgan Operator Welcome to AB InBev's Third Quarter 2024 Earnings Conference Call and Webcast. Hosting the call today from AB InBev are Mr.
seekingalpha.com
- 2 weeks ago
Budweiser Parent AB InBev Stock Falls as Beer Volumes Decline
American depositary receipts (ADRs) of AB InBev (BUD) slumped 5% Thursday morning as the world's biggest beermaker missed sales estimates on a surprise drop in beer volumes.
investopedia.com
- 2 weeks ago
Bud Light Boycott Eases But AB InBev Has Fresh Problem. Stock Falls After Earnings.
AB InBev's third-quarter revenue grew by 2.1% while analysts had expected a 3.45% growth.
barrons.com
- 2 weeks ago
8. Profile Summary
Anheuser-Busch InBev SA/NV BUD
COUNTRY
BE
INDUSTRY
Beverages - Alcoholic
MARKET CAP
$ 110 B
Dividend Yield
0.00%
Description
Anheuser-Busch InBev SA/NV engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks worldwide. It offers a portfolio of approximately 500 beer brands, which primarily include Budweiser, Corona, and Stella Artois; Beck's, Hoegaarden, Leffe, and Michelob Ultra; and Aguila, Antarctica, Bud Light, Brahma, Cass, Castle, Castle Lite, Cristal, Harbin, Jupiler, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol brands. The company was founded in 1366 and is headquartered in Leuven, Belgium.
Contact
Brouwerijplein 1, Leuven, 3000
https://www.ab-inbev.com
IPO Date
July 1, 2009
Employees
155000
Officers
Mr. John James Blood
Chief Legal & Corporate Affairs Officer and Corporate Secretary
Mr. Marcel Marcondes
Chief Marketing Officer
Mr. Nelson Jose Jamel
Chief People Officer
Mr. Pablo Panizza
Global Head of Sales & Distribution
Mr. Kevin Feehan
Head of Chicago Sales Region
Ms. Donna Lorenson
Chief Communications Officer
Mr. Michel Dimitrios Doukeris
Chief Executive Officer
Mr. Fernando Mommensohn Tennenbaum
Chief Financial Officer
Dr. David Henrique Galatro de Almeida
Chief Strategy & Technology Officer
Mr. Shaun Fullalove
Global Vice President of Investor Relations