The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Mark Neville - Scotiabank Global Banking and Markets, Research Division - Analyst
: Maybe first, just on prices, just so I'm clear. For all the freight increases that you intend to do sort of, for now?
Question: Mark Neville - Scotiabank Global Banking and Markets, Research Division - Analyst
: Maybe just on the regional differences that you're seeing in the CCL segment, is that more to do with sort of rate inflation in terms of geographies
and the mix?
Question: Mark Neville - Scotiabank Global Banking and Markets, Research Division - Analyst
: In terms of sort of volumes and demand picture, I was just curious how that differs regionally? If there's a marked difference between sort of what
you see in Europe and sort of North America and in Asia? I guess, it feels with the economic data (inaudible)?
Question: Mark Neville - Scotiabank Global Banking and Markets, Research Division - Analyst
: I know that's helpful. Just it gets blurred by the price. But that's super helpful. Maybe just one last one for me then. Maybe just on NCIB, I just ask
Question: Stephen MacLeod - BMO Capital Markets Equity Research - Analyst
: Just on the CCL segment, you had really nice EBIT performance there. And given the fact that most of the growth was from price, I would have
thought you'd see a little bit of EBIT margin pressure. So, I'm just curious if you can talk about some of the drivers on EBIT in the CCL business in
Q2?
Question: Stephen MacLeod - BMO Capital Markets Equity Research - Analyst
: So, mostly, sounds like mostly mix and price related. On the MAS business in Checkpoint, it sounds like you expect some of the softer resale impact
to continue in H2. I'm just curious, do you expect it to worsen? Is your sort of your guidance based on what you're seeing today?
Question: Stephen MacLeod - BMO Capital Markets Equity Research - Analyst
: And then just finally on Innovia, obviously, with revenues lowering, you're talking about sales being impacted. Would you expect the back half
EBIT to be flat given what you see right now? Or are you sort of guiding to it potentially being lower at this point?
Question: Mark Neville - Scotiabank Global Banking and Markets, Research Division - Analyst
: Just curious to talk about sort of energy and freight costs in Europe. So, your success of what you're doing if you're pushing surcharges through.
And I'm also curious about maybe is there any risk or if your businesses are reliance on natural gas from Russia? If you're taking some measures to
-- just how you're dealing with whole situation?
Question: Mark Neville - Scotiabank Global Banking and Markets, Research Division - Analyst
: Maybe just a follow-up on Adam's question just in terms of the inventory situation. I don't know if you have a sort a historic comparison to this,
but if they are building inventory and it gets to a point where overstock, do they -- is this inventory become obsolete or is it something you work
through? You touched on it earlier but I guess just a little more color if you could?
Question: Mark Neville - Scotiabank Global Banking and Markets, Research Division - Analyst
: It doesn't sound like the risk? Is that material risk?
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