2025-05-22-Jefferies-杰富瑞大学全球酒精监管格局下的饮料行业训练营_7页_175kb

Summary of Jefferies' Beverages Equity Research Report (May 22, 2025)

Event Overview

• A bootcamp event focused on the global regulatory landscape for alcohol beverages is scheduled for Wednesday, May 28, 2025.
• Time: 2:00 PM BST / 3:00 PM CEST / 9:00 AM EDT.
• Aimed at discussing regulatory changes, opportunities for reducing harmful alcohol use, and industry engagement in responsible consumption.

Key Topics

• Regulatory framework: Covers the global regulatory environment for beverage alcohol.
• Upcoming trends: Evaluation of key regulatory catalysts expected in 2025.
• Health impact: Analysis of recent US reports linking alcohol to health issues.
• Industry opportunities: Potential changes in regulations and ways to address harmful consumption.
• Industry engagement: Efforts by the alcohol sector to promote responsible drinking and sustainability, aligning with UN and WHO initiatives like the Global Alcohol Action Plan.
• Further opportunities: Possibilities for collaboration and innovation in reducing alcohol harm.

Speaker

• Julian Braithwaite, President and CEO of the International Alliance for Responsible Drinking (IARD), brings expertise in diplomacy, government, and international negotiations, leading a global network representing major alcohol companies.

Relevant Stocks

• Diageo
• Pernod Ricard (formerly Pernod)
• Remy Cointreau
• Campari
• Anheuser-Busch InBev (Anheuser-Busch InBev)
• Heineken
• Carlsberg
• Royal Unibrew

Analyst Information

• Edward Mundy and Andrei Andon-Ionita, both equity analysts, provide certification that their views reflect personal opinions and no compensation ties are disclosed.
• Analysts are not registered with FINRA, and disclosures include potential conflicts of interest.

Institutional Focus

• The report is intended for institutional investors only, highlighting investment risks, such as currency fluctuations and regulatory changes, with ratings like Buy, Hold, or Underperform.
• Valuation methods include DCF, EBITDA, P/E ratios, etc., based on expected total returns.
• No replay available; registration required.

Key Risks and Notes

• Investment decisions should consider regulations, market volatility, and environmental, social, and governance (ESG) factors related to alcohol.
• Past performance is not indicative of future results due to various economic and political factors.