Ambev S.A. (NYSE:ABEV) Q2 2020 Earnings Conference Call - Final Transcript
Jul 30, 2020 • 11:00 am ET
will evolve. And finally, we continue to invest in the future.
We preserved key sales and marketing investment behind the renovation of our portfolio and behind innovation, and we will continue to do so going forward. And even though we reviewed our capex plans and raised the bar to focus on the must haves, we still invested a significant amount of money behind the safety of our people, the quality of our products, commercial priorities and big bets for the future and technology-related initiatives. Several good examples here that I think are worth mentioning. But [indecipherable], we kept that investment.
Cap production and filling capacity are going to be key for the future. Returnable glass bottles for innovation, brewery of the future, B2B and B2C platforms were also preserved. And just to wrap up, looking ahead, one of the biggest challenges that we're going to face will be on how to improve our profitability, no doubt. This won't happen overnight, and volume growth and channel package and brand mix are going to be decisive, which is precisely why we're going to be focusing so much on that going forward. And yes, things will continue to be volatile. We will continue to face some well-known headwinds at this effect, but we will continue to focus on the levers we control to support in a very disciplined way, the commercial agenda and manage the business targeting consistent improvement of our financial performance over time. With that, let's turn it over to Q&A.
Thank you very much.