ITC Ltd (ITC) Institutional Investors and Financial Analysts Day Transcript

ITC Ltd  (NSE: ITC) Institutional Investors and Financial Analyst Day dated Dec. 14, 2021

Corporate Participants:

Karthik B — Head of Corporate Planning

Sanjiv Puri — Chairman and Managing Director

Sandeep Kaul — Divisional Chief Executive of Cigarettes Business

Hemant Malik — Divisional Chief Executive for Branded Packaged Foods

Sameer Satpathy — Divisional Chief Executive – Personal Care Products

B. Sumant — Executive Director

Nazeeb Arif — Executive Vice President & Head, Corporate Communications

Supratim Dutta — Chief Financial Officer

Presentation:

Karthik B — Head of Corporate Planning

Good morning, everyone. On behalf of team ITC, let me extend a warm welcome to this exclusive event, ITC Institutional Investors and Financial Analyst Day 2021.

We have an exciting lineup of presentations for you today. We begin with the presentation by our Chairman and Managing Director Mr. Sanjiv Puri on ITC Next strategy. Then we have three business presentations: by Mr. Sandeep Kaul, Divisional Chief Executive for cigarettes business; by Mr. Hemant Malik, for the branded packaged foods business; followed by a break for 45 minutes; we then resume with a presentation by Mr. Sameer Satpathy, Divisional Chief Executive of the Personal Care business. Thereafter, we have brief presentations in two areas that run horizontally across all our businesses and have emerged as defining trends in the new normal; one on digital powering the ITC Next strategy by Mr. B. Sumant, Executive Director; and last but not least, Sustainability 2.0 presentation by Mr. Nazeeb Arif, Executive Vice President and Head, Corporate Communications.

It is recommended that for the best experience the presentations be seen on full screen mode.

Before we kick off on the agenda, before us a few admin details. We’ve reserved about 50 minutes to an hour at the end for the Q&A session. You would have noticed an icon on the right side of your screen for questions. Please use this to post questions on the chat box. The chat box is already open now, and we will take questions until the end of the Sustainability presentation. If you are in full screen mode, you would need to exit that briefly to post your questions to access the chat box.

After the presentations are done, we will take a very short five to 10-minute break and reassemble for the Q&A session where Chairman and Managing Director, Mr. Puri, will be joined by Mr. Rajiv Tandon, Executive Director, and Mr. Supratim Dutta, Chief Financial Officer.

Please note that if you do wish to use in other device, you would firstly need to log off the device you’re using and use the same credentials again to log on to the other device. We will appreciate your refraining from sharing any content from today’s presentations on social media till the conclusion of the event. The presentations being made today will be available on the stock exchanges as well as the Company’s website.

Without further ado, may now invite and request Chairman and Managing Director, Mr. Puri, to take over for the first presentation.

Sanjiv Puri — Chairman and Managing Director

So, good morning, ladies and gentlemen. I just want to do a quick check. I hope I’m audible. Okay. All right.

So, may I at the outset first welcome all of you to the investor meet today, and I thank you for being here and participating in this event. In the next 60 minutes, I’m going to cover a overview of the ITC Next strategy. And following that, in certain specific business segment, some of my colleagues will, of course, detail out some facets a little more. There isn’t time to cover every facet today. Hopefully, we will have another occasion to cover the pieces that we may not be able to cover today given the duration of this event.