Meyi 6, 2020 (Thomson StreetEvents) -- I-Edited Transcript ye-Westrock Co ikholi noma isethulo sengqungquthela yenkomfa yezinzuzo ULwesibili, Meyi 5, 2020 ngo-12:30:00pm GMT
Madoda namanenekazi, siyabonga ngokuma, futhi namukelekile Ocingweni Lwenkomfa Yemiphumela Yekota Yezimali Yangowezi-2020 ye-WestRock Company.(Iziqondiso zomsebenzisi)
Manje ngingathanda ukudlulisela ingqungquthela kusikhulumi sakho namuhla, uMnu. James Armstrong, iPhini Likamongameli Wezobudlelwane Bobatshalizimali.Ngiyabonga.Ngicela uqhubeke.
Ngiyabonga, ophethe.Sawubona, futhi siyabonga ngokujoyina Ucingo lwethu Lwemali Yokuthola Imali Yekota Yesibili Ka-2020.Sikhiphe umbiko wethu kwabezindaba namuhla ekuseni futhi sathumela isethulo samaslayidi esihambisana naso esigabeni se-Investor Relations sewebhusayithi yethu.Angafinyelelwa ku-ir.westrock.com noma ngesixhumanisi sohlelo olisebenzisayo ukubuka lokhu kusakazwa kwewebhu.
Kanye nami ocingweni lwanamuhla kukhona Isikhulu Esiphezulu seWestRock, uSteve Voorhees;Isikhulu sethu Sezezimali, uWard Dickson;Isikhulu sethu Esiyinhloko Sezohwebo kanye noMongameli Wempahla Ehlanganisiwe, uJeff Chalovich;kanye noMphathi wethu Omkhulu Wokusungula kanye noMongameli Wokupakishwa Kwabathengi, uPat Lindner.Ngemva kokuphawula kwethu okulungiselelwe, sizovula isimemo seseshini yemibuzo nezimpendulo.
Phakathi nocingo lwanamuhla, sizobe senza izitatimende ezibheke phambili ezihlanganisa izinhlelo zethu, esikulindele, izilinganiso nezinkolelo zethu ezihlobene nezenzakalo zesikhathi esizayo.Lezi zitatimende zingase zibandakanye inani lezingozi nokungaqiniseki okungase kubangele imiphumela yangempela yehluke ngokwezinto ezibonakalayo kulezo esixoxe ngazo phakathi nocingo.Sichaza lezi zingozi nokungaqiniseki ekugcwaliseni kwethu nge-SEC, okuhlanganisa no-10-K wethu wonyaka wezimali ophele ngoSepthemba 30, 2019.
Ngaphezu kwalokho, sizokwenza izitatimende ezibheke phambili mayelana nomthelela wobhubhane lwe-COVID-19 ekusebenzeni kwethu nokusebenza kwezezimali.Izinga lale miphumela, okuhlanganisa ubude besikhathi, ububanzi kanye nobukhulu bobhubhane, abuqiniseki kakhulu futhi ngeke kubikezelwe ngokuzethemba ngalesi sikhathi.Sizophinde sibheke izindlela zezimali ezingezona eze-GAAP ngesikhathi socingo.Sinikeze ukubuyisana kwalezi zinyathelo okungezona eze-GAAP ezinyathelweni ze-GAAP eziqhathaniseka kakhulu kusithasiselo sesethulo samaslayidi.Njengoba kushiwo ngaphambili, isethulo sama-slide siyatholakala kuwebhusayithi yethu.
Kulungile.Ngiyabonga, James.Siyabonga kini enishayele ucingo ukuze nijoyine ikholi yethu namhlanje ekuseni.Kuningi okumele sikuhlanganise.
Ngizoqala ngokubonga ithimba elimangalisayo le-WestRock ngakho konke elikwenzayo ukusiza ukuxhuma imikhiqizo ebalulekile kubantu emhlabeni jikelele.Ithimba le-WestRock, elisekelwa ubukhulu namandla amakhulu enethiwekhi yethu yokugaya nokuguqula liphendule ngobuqhawe ukuze lisize amakhasimende ethu ukuhlangabezana nezimo ezishintshayo zemakethe ezibangelwa ubhubhane.
Sikhiqize imiphumela eqinile yezezimali ngekota, nengxenye elungisiwe ye-EBITDA yezigidi ezingama-$708.Lokhu bekuseqophelweni eliphezulu lesiqondiso esisinikeze ngekota edlule.Sisebenzisa isu lethu elihlukanisiwe ukusuka endaweni yamandla ezezimali kanye nokushoda kwezimali okukhulu.
Umqedazwe we-COVID-19 ube nomthelela ezimakethe zomhlaba, wabangela ukuntengantenga okungakaze ubonwe futhi wafiphaza umbono wezomnotho.Ngokumelene nalokhu nokubonga ekusebenzeni kwethimba le-WestRock, inkampani iqhubekile nokuletha njengengxenye ebalulekile yochungechunge lokuhlinzekwa kwempahla emhlabeni wonke, isekela amakhasimende ethu ngephothifoliyo yemikhiqizo nezisombululo kanye nokufinyelela emhlabeni jikelele okudingeka ukuba bathole imikhiqizo yabo. abathengi abazidingayo.
Ubhubhane luphazamise amaphethini esidingo kulo lonke ibhizinisi lethu, kanti ngenkathi ezinye izimakethe, ikakhulukazi, i-e-commerce, beziqine kakhulu, ezinye, kubandakanya nezimakethe zezimboni, zibone imithelela emibi kakhulu.Siyaqhubeka nokukholelwa ukuthi izithuthukisi zethu zesikhathi eside zokukhula azishintshile, nokuthi i-WestRock ihlezi isesimweni esihle ngesu elilungile lokuphumelela nokudala ukubaluleka kwabo bonke ababambiqhaza bethu.
Sengikushilo lokho, isimo somnotho womhlaba seyehle kakhulu esikhathini esiseduze.Ngakho-ke, senza uhlelo lokusebenza esithatha ngalo izinyathelo ezihlakaniphile nezifanelekile ukuze silungiselele uhla lwezimo zomnotho nezimakethe.Sigxile ekuhlangabezaneni nezidingo zamakhasimende ethu, ukusekela impilo, ukuphepha kanye nokuphila kahle kozakwethu beqembu futhi sakhela esisekelweni sethu samandla ezezimali.
Okulandelayo yizici ezibalulekile zohlelo lwethu lokusebenza lobhubhane.Simise izilinganiso zokuphepha ezithuthukisiwe kuyo yonke inkampani yethu, okuhlanganisa ukuqhelelana komphakathi, ukuhlanza okujulile, okokumboza ubuso, ukuhlola izinga lokushisa nezinye izinqubo ukuze sisize ukugcina ozakwethu bephephile futhi benempilo.Iqembu lethu lenze kahle kakhulu ngalesi sikhathi.Futhi kule kota, sizohlinzeka ngemiklomelo yokuqashelwa ngesikhathi esisodwa kozakwethu bokukhiqiza nokusebenza.
Sizoqhubeka nokufanisa ukunikezwa kwethu nesidingo samakhasimende, okuhlanganisa nokunciphisa amashifu ezitshalweni lapho kudingeka khona kanye nokwehlisa isikhathi emishinini yethu yephepha enikezela ngezimakethe ngesidingo esinciphile.Ngesikhathi esifanayo, sizosebenzisa amathuba lapho aziveza khona, okuhlanganisa ukusebenzisa isikali namandla esistimu yethu ekhona ukuze sinikeze izimakethe ezikhulayo, okuhlanganisa i-e-commerce kanye nokusabela ekwandeni kwesidingo.
Senza ukwehliswa kwezindleko zokusebenza okuseduze okuholwa iholo kanye nokwehla kwezinga elifinyelela ku-25% eqenjini lethu eliphezulu kanye neBhodi Labaqondisi kanye nokwehliswa kwezindleko zokuzibonela.Sihlela ukusebenzisa isitokwe senkampani yethu ukuze sikhokhele izinxephezelo zethu zaminyaka yonke futhi senze iminikelo yethu exhaswe yinkampani engu-401(k) ngo-2020. Lokhu kuzohlinzeka ngemali eyengeziwe etholakalayo ukuze kuncishiswe izikweletu kuyilapho sihlanganisa ngokuqhubekayo izikhuthazo zethimba labaphathi kanye nozakwethu kuwo wonke amazinga. inkampani nabatshalizimali bethu.
Sehlisa utshalomali lwethu olukhulu ngezigidi eziyi-150 zamaRandi kulo nyaka futhi sizotshala izigidi ezingama- $600 kuya ku-$800 ezigidini ngo-2021. Kuleli zinga, sizoqedela amaphrojekthi amakhulu ezimali esisaqhubeka nawo, sigcine uhlelo lwethu futhi senze ukutshalwa kwezimali kwezimali kudingeke ngcono ukukhiqiza kanye nokuhlinzeka ngezimakethe zethu ezikhulayo.
Futhi ekugcineni, sihlela kabusha isabelo sethu sekota sibe ngu-$0.20 ngesheya ngalinye ngesilinganiso sonyaka esingu-$0.80 ngesheya ngalinye.Lesi isinyathelo esihlakaniphile sokusithatha endaweni engaqinisekile ezohlinzeka ngenzuzo enengqondo, esimeme futhi enokuncintisana kubanikazi bamasheya be-WestRock kuyilapho kwabiwa enye isamba esingu-$275 million ngonyaka ukuze kwehliswe izikweletu.Lokhu kuzohlomulisa abanikazi bamasheya ethu ngokunciphisa amandla, kukhuphule izinga lezimali kanye nokugcina ukufinyelela kwethu ezimakethe zezimali zesikhathi eside zezikweletu.
Njengoba isimo nge-COVID-19 sishintsha, sizobuyekeza kabusha inzuzo yethu futhi sibheke ukukhulisa inzuzo yethu ngokuzayo njengoba izimakethe zibuyela kwesijwayelekile.Le nhlanganisela yezenzo izosenza sikwazi ukuzivumelanisa ngokushesha nezimo zemakethe, futhi silindele ukuthi izohlinzeka ngemali eyengeziwe engu-$1 bhiliyoni etholakalayo ukuze kwehliswe izikweletu kuze kube sekupheleni kwezimali zika-'21.Lokhu kuzosimamisa ibhizinisi lethu ngaphansi kwezimo eziningi zomnotho nezimakethe futhi kuqinisekise ukuthi i-WestRock ihlala isesimweni esihle sokuphumelela isikhathi eside.
Ukusabela kwe-WestRock kulo bhubhane kuze kube manje kanye namandla ethu okuphumelela ukuya phambili kuncike ekusebenzeni kanzima nokuzinikela kweqembu le-WestRock, elikhuphuke ukuze ligcine imisebenzi yethu isebenza kanye nokusiza amakhasimende ethu.Sizoqhubeka nokweseka ozakwethu, imindeni yabo kanye nemiphakathi esisebenza kuyo.Nakuba umbono wesikhathi esiseduze ungacacile, sinesu elilungile kanye nethimba elilungile elikhona lokuzulazula kule ndawo kanye nokuvela inkampani enamandla nakakhulu.
Ngaphezu kwezinqubo zokuphepha ezimisiwe nezithuthukisiwe esizisebenzise kuyo yonke inkampani yethu, manje sisebenza ngendlela ehluke kakhulu kunaleyo ebesiyisebenza ezinyangeni ezi-2 ezedlule.Kungakhathaliseki ukuthi sisebenza endaweni yokusebenza noma ekhaya, sihlangana kaningi kunangaphambili ukuze sihlonze futhi sibhekane nezinkinga zokusebenza ezishintsha ngokushesha njengoba ziphakama.Lokhu kusekela imizamo yethu yokuzivumelanisa nezimo ngokushesha ukuze sihlangabezane nezidingo ezishintshayo zamakhasimende ethu.
Futhi sisukumele phezulu imiphakathi yethu, okuhlanganisa ukusebenzisana namakhasimende ethu kanye ne-Georgia Center for Medical Innovation ukuze sinikeze ukusekelwa kokukhiqiza kwezihlangu zobuso ezingaphezu kuka-200,000.Sinikela ngamabhokisi kathayela neziqukathi zesevisi yokudla emabhange okudla, kanye nasekusabalaliseni ukudla okuwusizo emiphakathini yethu eminingi.
Ake siphendukele ekusebenzeni kwethu kwekota yesibili yezimali.Senze ukuthengiswa okuphelele kwezigidigidi ezingu-4.4 zamaRandi ngesigaba esilungisiwe se-EBITDA sezigidi ezingu-$708, imali etholwayo elungisiwe ngesabelo ngasinye esingu-$0.67.Onyakeni odlule, sithuthukise isu lethu elihlukanisiwe ngokukhula okuqinile ngokwengeza ukushintshwa kwemishini eyengeziwe engama-380.Sengeze amakhasimende ebhizinisi angu-20 ezinyangeni ezingu-12 ezedlule.Amakhasimende ebhizinisi manje enza u-$7.5 billion ekuthengisweni uma kuqhathaniswa no-$6 billion ngonyaka odlule, okuwukunyuka kwama-25%.
Sekukonke, sinokuvumelana nezimo okukhulu kwezezimali ngemali engaphezu kwezigidigidi ezi-2.5 zamaRandi ezibophezele isikhathi eside, okuhlanganisa nemali engaphezu kuka-$600 wezigidi.Sinomkhawulo wokuvuthwa kwezikweletu kuze kube uMashi ka-2022, futhi uhlelo lwethu lwempesheni yase-US oluqeqeshiwe luxhaswe ngo-102%.
Phakathi nekota, sibe namandla eziteshini ze-e-commerce kanye namaprotheni, ukudla okugayiwe, ezolimo, ukunakekelwa kwezempilo kanye nezigaba zemakethe yeziphuzo.Ezinye izingxenye zemakethe, okuhlanganisa izimpahla zikanokusho nemikhiqizo yezimboni, zithambe ngenxa yomthelela we-COVID-19.
Imiphumela yethu yekota yesibili ibonisa ukuthekelisa okuphezulu kanye namavolumu ebhodi leziqukathi zasekhaya kanye nokuthunyelwa kwamabhokisi.Ukwehluka kwentengo/ingxube kubonisa ukugeleza kokwehla kwezintengo ezishicilelwe ngaphambilini kanye nezimakethe zonyaka nonyaka ziyehla ekuthengisweni nasekufakweni kwezimpahla zasekhaya, i-pulp kanye nentengo yephepha le-kraft.
I-Corrugated Packaging ilethe imiphumela eqinile ngekota, nengxenye elungisiwe ye-EBITDA yezigidi ezingama- $502 kanye nengxenye elungisiwe ye-EBITDA yemajini engu-18%.Imajini ye-EBITDA elungisiwe yaseNyakatho Melika ibingu-19%, kanti amamajini e-EBITDA aseBrazil alungisiwe ayengama-28%.
Phakathi nekota, ukusebenza okuqinile okunevolumu ephezulu, ukukhiqiza okuqinile kanye nokwehla kwamandla emali kube ngaphezu kokuxazululwa ukwehla kwamanani entengo.Ukuthengiswa okuqinile kwezentengiselwano ze-e-commerce, ukudla okucutshunguliwe kanye nemikhiqizo yokudayisa efana nemikhiqizo yokuhlanza, imikhiqizo yamaphepha namanabukeni kwasuswa engxenyeni yesibili kaMashi ngokuncipha okuphawulekayo ezingxenyeni zethu zokusetshenziswa kokuphela kokusabalalisa nephepha, imikhiqizo yezimboni kanye nensizakalo yokudla kanye nokupakishwa kwePizza.
Lo mkhuba uye waqhubeka kwaze kwaba ngu-April, njengoba amakhasimende ethu angaphezu kuka-130 abika ngokuvalwa kwemishini okwesikhashana.Lokho kungamakhasimende ethu angu-130 abika ukuvalwa kwezitshalo kwesikhashana kanye namashifu ancishisiwe ngokusekelwe emiphumeleni ye-coronavirus.Ngisho nezingxenye ezinjengamaprotheni nokudla okugayiwe zihlupheka ngenxa yemiphumela ye-coronavirus kubasebenzi bazo.
Ukuthunyelwa kwamabhokisi phakathi nekota kukhuphuke ngo-1.3% ngokuphelele, nokuthunyelwa kwanda ekupheleni kwekota njengoba abathengi beqala ukukhosela ekhaya.Ukuthunyelwa kwethu ngamabhokisi kube nomthelela omubi ukuvalwa kwezitshalo zamabhokisi angu-5 onyakeni odlule kanye nokuncipha kwesidingo esivela ezingxenyeni zezimboni, ukusatshalaliswa kanye nesegimenti yemakethe ye-pizza, kanye nokuthengiswa okuphansi kwamashidi anemajini ephansi kuya kubaguquli bezinkampani zangaphandle.Umthelela okhulayo walezi zici unciphise ukuthengiswa kwamabhokisi ethu ngo-2.7% uma kuqhathaniswa nonyaka odlule.
Kodwa ake sikubeke ngombono lokhu.Eminyakeni engu-3 edlule, sibe nempumelelo enkulu ekukhuliseni ibhizinisi lethu lamabhokisi.Eqinisweni, ukukhula kwe-organic kokuthunyelwa kwamabhokisi ngalesi sikhathi cishe ku-10%, cishe kabili ukukhula kwemboni ngo-5.5%.Indlela yethu yokuhweba kumakhasimende ethu iyaqhubeka nokusebenza kahle ukuhlangabezana nezidingo zamakhasimende ezishintsha ngokushesha.
Amandla ebhizinisi lethu lokuphrinta kusengaphambili asenze sakwazi ukuvula indawo entsha e-Las Vegas ukuze sihlangabezane nesidingo sethu esikhulayo sezithombe futhi sinikeze indawo yethu eyandisiwe ngokungezwa kohlelo lwe-KapStone.Sandisa indawo yethu yokunyathelisa yase-Jacksonville ukuze singeze umshini wokunyathelisa oqhubekayo sizonikeza umthamo okhulayo futhi sinciphise izindleko.
Ukuthengisa kwethu ngaphakathi nangaphandle kwebhodi lokuthumela izimpahla kukhuphuke ngamathani angu-112,000 ngekota uma kuqhathaniswa nonyaka odlule.amathani angu-30,000 okukhula aqhamuka kumalayini ethu aphezulu amhlophe anenani eliphezulu.Amaphrojekthi ethu wamasu nokuhlanganiswa kwe-KapStone kuyaqhubeka.Siqede ikota ngenani lokugijima lonyaka lezigidi ezingu-$125 kuma-synergies avela ku-KapStone.Ithimba lethu lenze inqubekelaphambili enkulu ekulungiseni kabusha isigayo saseNorth Charleston kulandela ukuvalwa unomphela komshini wephepha ongu-#2.Inhlanganisela yezinga elikhethekile lemboni isabalaliswe kabusha kuyo yonke imisebenzi esele, eye yathuthukisa ukukhiqiza kwethu futhi yanikeza ukusebenza kahle kwezindleko.Silindele ukuba semazingeni ethu okukhiqiza ahleliwe kanye nokonga ekupheleni konyaka wekhalenda.
Sekukonke, ithimba le-WestRock lokupakisha likathayela lenza kahle kakhulu kule ndawo, lisekelwa uhlelo lwethu lwezitshalo zamabhokisi ezitshalwe kahle kanye nesistimu yethu yokugaya enokwaziswa okuvelele kwezwe namandla okwenza uhla olubanzi kakhulu lwebhodi lebhokisi kanye namamaki ephepha e-kraft embonini.
Ake siphendukele engxenyeni yethu Yokupakishwa Kwabathengi, lapho imiphumela yaba isicaba unyaka nonyaka nengxenye elungisiwe ye-EBITDA yezigidi ezingama-$222 endaweni eguquguqukayo kakhulu.Ngekota, amabhizinisi ethu okudla, ezokudla, iziphuzo nawokunakekelwa kwezempilo asebenze kahle ekuhlanganiseni amanani aphakeme kanye nezinzuzo ezinhlelweni zokushintshwa kwepulasitiki.
Isiphakamiso sethu senani esihlukanisiwe esithuthukisa ukuklama, isayensi yezinto ezibonakalayo kanye nemishini siyaqhubeka nokuletha inani kumakhasimende ethu.Lokhu kukhuphuka kwaqedwa ukuncishiswa kwesidingo sobuhle, izimonyo kanye nemimoya ephezulu.Isidingo esiphansi sokuphrinta sezentengiselwano ngoMashi sibe nomthelela ekuthatheni kwethu amathani angu-13,000 okwehla komnotho ngekota kanye namanye amathani angu-14,000 ngo-April kulo lonke uhlelo lwethu lwe-SBS.Ukusalela emuva kwe-CRB ne-CNK kwahlala kuqinile kumaviki ama-3 nangama-5, ngokulandelana.
I-Consumer Packaging ibamba iqhaza ezimakethe eziningi ezihlukene.Sibuka ibhizinisi ngelensi yezigaba ezi-4 ezibalulekile: Okokuqala, amabhizinisi okudla, isevisi yokudla kanye neziphuzo ahlanganisa cishe u-57% wengxenye yethu yokuthengisa.Siwina namakhasimende ethu ngeminikelo yethu ehlukanisiwe, ehlanganisiwe yamabhokisi agoqekayo kanye nohlu lwethu olugcwele lokuthengiswa kwe-paperboard substrate kuma-converter azimele.Lawa mabhizinisi aletha ukukhula kanye nenani ngokusungula izinto ezintsha, imikhiqizo ehlukene, imishini kanye nosizo lwamakhasimende;okwesibili, amabhizinisi ethu okupakisha akhethekile enza cishe u-28% wengxenye yethu yokuthengisa.Inani lethu elengezwe ekufakweni okukhethekile kukalwa ngasohlangothini lokuguqula lwebhizinisi.Ibhizinisi lokunakekelwa kwezempilo belinamandla kakhulu futhi lisekelwa umnikelo wethu ohlanganisiwe wamabhokisi, amalebula kanye nezinto ezifakiwe.Nakuba ukusebenza kweminye iminikelo yethu ekhethekile yezimpahla zabathengi, amakhadi okukhokha kanye nemidiya kuxubile, okunye kuyakhula, okunye kwehla ngokuhamba kwesikhathi;isigaba sesithathu ibhodi lephepha le-SBS elikhethekile likagwayi, ukuphrinta kwezentengiso kanye nokupakishwa okuwuketshezi.Lokhu kubala cishe u-13% wokuthengiswa kwengxenye yethu.Lesi sigaba siphonselwe inselelo eminyakeni yamuva nje ngenxa yokwehla kwevolumu yokuphrinta kwezentengiso kanye nogwayi, okuhlinzekela umongo, kwehle ngaphezu kwama-20% kusukela ku-'16 wezimali;Okwesine, sisebenzisa i-pulp ukulinganisa uhlelo lwethu.Ukwehla kwentengo ye-pulp kwakamuva kwehlise imali etholwayo cishe ngama-dollar ayizigidi ezingama-28 ngonyaka kuze kube manje kanye namaRandi ayizigidi eziyi-12 ngekota uma kuqhathaniswa nonyaka odlule.
Sibona amathuba amahle okukhula sisebenzisa isayensi yethu yezinto ezibonakalayo, ukusungula izinto ezintsha, ukunikezwa kwemishini nendlela yokuhweba namakhasimende ethu.Sitshale ezimpahleni zethu zokuguqula, futhi sitshale kusistimu yethu yokugaya e-Mahrt, Covington naseDemopolis ukuze sithuthukise ukwakheka kwethu kwezindleko nekhwalithi yomkhiqizo.E-Covington, manje sesikhiqiza i-SBS yokuminyana ephansi kakhulu emhlabeni yokugoqa amabhokisi nezinye izinhlelo zokusebenza.
Ngakho-ke nakuba izingxenye eziningi zebhizinisi lethu Lokupakisha Kwabathengi bezithuthuka futhi zisesimweni esihle sokuqhubeka nokwenza ngcono esikhathini eside, lokhu kuthuthukiswa kuxazululwe wukusebenza kwezingxenye zethu eziphansi ze-value-added kanye nokwehla kwezimakethe zokuphela.Siyaqhubeka nokuzinikela ekwenzeni ngcono ukusebenza kwesikhathi eside kwaleli bhizinisi.
I-WestRock isesimweni esihle sokubhekana nesimo samanje somnotho.Sinekhono lokuhlinzeka ngezinhlobonhlobo zamasegimenti emakethe yokuphela, sinokuvumelana nezimo kulo lonke uchungechunge lwethu lokuhlinzeka, okuhlanganisa ikhono lokusebenzisa kokubili i-fiber emsulwa negaywe kabusha.Isikali sethu somhlaba sihlinzeka ngokuphindaphindeka nokusebenzisa izinto ezihlukahlukene kule makethe eshintsha ngokushesha.
Isidingo semakethe yokuphela siyashintsha ngokushesha.I-Slide 11 ihlinzeka ngemininingwane yezimo zamanje ezimakethe zethu.Njengoba kuphawuliwe ekuqaleni, isidingo seziteshi ze-e-commerce sinamandla kakhulu.Sikholelwa ukuthi lokhu kuzoqhubeka nokukhula.Izimakethe zokudla okugayiwe kanye nezokudayisa, iziphuzo kanye nokupakishwa kwe-liquid bekuqinile ngoMashi njengoba amakhasimende evikelekile endaweni futhi esebenza ekhaya.
Izimakethe zamaprotheni sezishintshile zisuka ezinhle kakhulu zaya ezimbi emasontweni ambalwa edlule njengoba izinkampani ezikhiqiza amaprotheni zizwe umthelela we-COVID-19.Isidingo samakhasimende ezimbonini nokusabalalisa sibe nomthelela omubi ngokuvalwa, futhi ezinye izimakethe ezifana nenkonzo yokudla kanye nokuphrinta kwezentengiso ziyaqhubeka nephethini yazo yokwehla kwezimakethe zokuphela kusukela kwikota edlule.
Kusukela lapho simi khona namuhla, kunzima ukubikezela ukuthi yimaphi amathrendi adlulayo, nokuthi yikuphi okuzoqhubeka.Ngenhlanhla, iphothifoliyo yethu ehlukahlukene yamaphepha nemikhiqizo yokupakisha isibeka kahle ukuze sizivumelanise futhi sihlangabezane nezidingo ezishintshayo zamakhasimende ethu engxenyeni ebanzi yomnotho.Nakuba umbono ungakacaci, sithathile futhi silungiselela ukuthatha izinyathelo zokubheka izimo zemakethe njengoba zithuthuka.
Ngiyabonga, Steve.Ngaphezu kwekhono lethu lokukhiqiza ukheshi ebhizinisini lethu, ukuphatha ngendlela ekhuthele ukukhula kwezikweletu zethu kanye nokugcina amazinga abalulekile emali etholakalayo kuyizici ezibalulekile zesisekelo esiqinile sezezimali se-WestRock.Ngonyaka wezimali wezi-2019, selule ukuvuthwa kwemali ebolekiwe engaphezu kwezigidigidi ezi-3 zamaRandi kanye nezimalimboleko ezingaphezu kwezigidigidi ezimbili zamaRandi.
Ngaphezu kwalokho, ngonyaka odlule, sinike kabusha imali engu-$350 wezigidi zamabhondi obekumele ikhokhwe ngoMashi ka-2020. Sinomkhawulo wokuvuthwa kwebhondi kuze kube uMashi ka-2022, ngemali engu-$100 wezigidi kuphela okumele ikhokhwe ngoJuni walo nyaka.Ekupheleni kukaMashi, sibe nemali engaphezu kwezigidigidi ezingama-2.5 zamarandi esizibophezele ngayo isikhathi eside, okuhlanganisa namaRandi ayizigidi ezingama-640.Ngokwesiko, sikhiqiza ukungena kwemali okuqinile engxenyeni yesibili yonyaka wethu wezimali.Njengoba sivala u-April, sakwazi ukwehlisa isamba sesikweletu cishe ngezigidi ezingu-145 zamaRandi.Ngalokhu kwehliswa kwezikweletu ngo-April, ukuzibophezela kwethu -- imali yethu esizibophezele ngayo manje kanye nokheshi cishe iyizigidi eziyizinkulungwane ezingu-2.7 zamaRandi.
Sinomkhawulo omkhulu ezivumelwaneni zethu zezikweletu ezi-2, futhi lokhu kusinikeza ukuguquguquka okubalulekile ukuze siqhube ibhizinisi lethu.Ngaphezu kokuphatha ngenkuthalo ukukhula kwezikweletu kanye ne-liquidity, izinhlelo zethu zempesheni zisesimeni esiqinile.Njengoba uSteve ashilo, uhlelo lwethu lwempesheni oluqeqeshiwe lwase-US luxhaswa ngokwedlulele, futhi iminikelo yethu yemali yomhlaba wonke ezinhlelweni zethu ezifanelekayo ngezimali zika-2020 iyizigidi eziyishumi zamaRandi kuphela.
Sithuthela ku-Slide 13. Sihoxisa isiqondiso sethu sonyaka ogcwele ngenxa yesimo somnotho esiyinselele esihlobene ne-COVID 19. Nakuba singanikezi isiqondiso se-Q3, amathrendi akamuva angase abangele ukuthengisa kanye nezinzuzo zehle ngokulandelana.USteve ugqamise ukuguquka kwesimo sesidingo kuzo zonke izimakethe zethu eziningi, ezinomthelela omubi kumavolumu ezingxenyeni ezithile zebhizinisi lethu.
Ngokungeziwe ekubukeni kwevolumu okungaqinisekile, imiphumela ye-Q3 izobonisa ukugeleza kokuncishiswa kwenkomba eshicilelwe ye-linerboard ngoJanuwari kanye nokwehliswa kukaFebruwari kwe-SBS kanye namamaki e-boxboard agaywe kabusha.Futhi nakuba ezinye izindleko zokufaka zehla, izindleko zefayibha ezigaywe kabusha zikhuphuke ngaphezu kuka-$50 ngethani kusukela ngoDisemba.Njengoba izimo zizinza futhi sinokubonakala okukhulu kumathrendi esidingo esizayo, sizophinda sibuyisele umhlahlandlela wethu.
Sithatha izinyathelo ezibalulekile ezimbalwa esilindele ukuthi zizohlinzeka ngemali eyengeziwe engu-$1 bhiliyoni etholakalayo ukuze kwehliswe izikweletu kuze kube sekupheleni kwezimali zika-2021. Umthetho osanda kushaywa yiCongress we-CARES Act uhlehlisa intela elinganiselwa ku-$120 wezigidi zentela phakathi kwamakwata amathathu alandelayo, ikhokhwe ngoDisemba ka-2021 nangoDisemba ka-2022.
Sihlela ukwenza izinkokhelo zethu zemihlomulo yango-2020 kanye neminikelo engu-401(k) phakathi no-2020 ngesitoko esivamile sase-WestRock esizokhuphula ukuhamba kwethu kwemali cishe ngezigidi ezingu-$100.Sehlisa ukutshalwa kwezimali kwethu okuyimali elinganiselwa ezigidini ezingama- $950 ngonyaka wezimali ka-2020 futhi manje silinganisela ibanga elingamaRandi ayizigidi ezingama-600 kuya ku- $800 wezigidi ngonyaka wezimali ka-2021, sehle kusukela kumhlahlandlela wethu wangaphambilini wama- $ 1.1 bhiliyoni wezimali zika-2020 kanye nama- $ 900 wezigidi kuya ku-1 bhiliyoni wezimali zika-2021.
Sizoqedela amaphrojekthi ethu abalulekile ezimbonini zokugaya zaseFlorence naseTres Barras ezinyangeni eziyi-12 ezizayo.Futhi nakuba kuye kwadingeka sibheke umthelela wendawo yokukhosela emikhawulweni yendawo kanye nokuba khona kwenkontileka nezinsiza zobuchwepheshe ngenxa ye-COVID-19, silindele ukuqalisa umshini omusha wephepha waseFlorence engxenyeni yesibili yonyaka wekhalenda. 2020. Iphrojekthi yokuthuthukisa isigayo se-Tres Barras kufanele iphelele ku-Q2 yezimali zika-'21.
Kulawa mazinga wokutshalwa kwezimali ezinkulu, siyaqiniseka ukuthi sizoqhubeka nokutshala imali kumaphrojekthi afanele okuphepha, ezemvelo kanye nokugcinwa kwawo kulungiswe futhi siqedele amasu amaphrojekthi ethu okugaya sibe sitshala izimali ukuze sisekele ukukhiqiza nokukhula kwebhizinisi lethu.Lokhu kwehliswa kuzohlinzeka ngo-$300 million kuya ku-$500 million wemali eyengeziwe etholakalayo ukuze kwehliswe izikweletu ekupheleni kwezimali zika-2021.
Ukusethwa kabusha kwenzuzo yethu yaminyaka yonke ukusuka ku-$1.86 ngesheya ngalinye ukuya ku-$0.80 ngesheya kuzokhiqiza ukukhushulwa kwezigidi ezingu-$400 ekungeneni kwemali phakathi neminyaka engu-1.5 elandelayo.Njengoba silungisa ukusebenza kwethu nokutshalwa kwezimali kumazinga esidingo samakhasimende, sizoqhubeka nokukhiqiza ukuhamba kwemali kwamahhala okuqinile, sivikele ishidi lethu lebhalansi futhi sibe nokuvumelana nezimo kwezezimali ukuze sisebenzise isu lethu.
Siyabonga, Ward.Ngokumelene nalesi sizinda salolu bhubhane, ngenxa yokusebenza kahle kweqembu le-WestRock, sisekele amakhasimende ethu ngephothifoliyo eyingqayizivele yemikhiqizo nezisombululo kanye nokufinyelela emhlabeni jikelele akudingayo ukuze bathole imikhiqizo yabo kubathengi abayidingayo.Sisebenzisa isu lethu elihlukanisiwe, futhi sikwenza sisuka esimweni samandla ezezimali kanye nokushoda kwezimali okukhulu.
Sibhekene nezikhathi ezingakaze zibonwe ngaphambili, futhi umbono wesikhathi esiseduze awukacaci.Sizivumelanisa nezimo futhi sisebenzisa isu lethu ukuze siphendule.Uhlelo lokusebenza oluwubhubhane lwe-WestRock luzosenza sikwazi ukuphendula ngokushesha ezinguqukweni zezimo zemakethe njengoba sifanisa ukunikezwa kwethu nesidingo semakethe.Silindele ukuthi lezi kanye nezinye izenzo zizoqhubeka ziqinisa isimo sethu sezezimali ngokuhlinzeka ngo-$1 bhiliyoni emalini etholakalayo ukuze kuncishiswe izikweletu ekupheleni kwezimali zika-'21.
Sonke kwa-WestRock siyazethemba esiphakamisweni sethu senani, ukuthi sinesu elifanele elihlukanisiwe, ithimba elilungile elikhona lokuzulazula kule ndawo kanye nokuvela inkampani enamandla nakakhulu.
Ngiyabonga, Steve.Njengesikhumbuzo ezithamelini zethu, ukunikeza wonke umuntu ithuba lokubuza umbuzo, sicela ukhawulele umbuzo wakho ube kowodwa ngokuwulandelela njengoba kudingeka.Sizofinyelela kwabaningi njengoba isikhathi sivuma.Operator, singawuthatha umbuzo wethu wokuqala?
George Leon Staphos, BofA Merrill Lynch, Research Division - MD kanye Co-Sector Head in Equity Research [2]
Siyabonga ngayo yonke imininingwane nakho konke okwenzayo ku-COVID.Ngicabanga ukuthi umbuzo wokuqala ebenginawo uhlobene nokuthi uzoqhubeka kanjani nokuphatha iphothifoliyo yamabhizinisi ngokuqhubekela phambili.USteve noWard, kuzwakale sengathi -- futhi ukushilo, ukuthi kunokuhlukahluka okuphawulekayo kulokho okubonayo ngokuya ngamathrendi afunwayo.Kunzima ukusho ukuthi yini engokwezwe, yini i-off-off.Kungaba okulungile ukusho ukuthi uma usunqume lokho, kuzoba nezinyathelo ezengeziwe zokuthuthukisa ukusebenza, ibhizinisi, iphothifoliyo.Futhi mhlawumbe sisanda kuzwa ebesifuna ukukuzwa, kodwa kuzwakala sengathi umthengi mhlawumbe unomsebenzi omningi okufanele wenziwe uma usuhlole lokhu ngenxa yezinkinga ezibhalwe ngaphambili kanye nogwayi.Ngakho uma ungakhuluma nalokho, futhi ngibe nokulandela.
George, lo nguSteve.Ngicabanga ukuthi uphendule kancane umbuzo ngoba ngicabanga ukuthi sizobheka ukuthi kwenzekani emakethe, futhi silindele ukuthi kube namashifu ngokuhamba kwesikhathi.Angikwazi ukubikezela ukuthi amashifu azoba yini.Angikwazi ukubikezela ukuthi sizobheka isistimu yethu futhi sisebenzise isistimu yethu kanye nephothifoliyo yethu ngendlela yokuyithuthukisa iyonke.Futhi ngingavumelana nawe ukuthi sine -- ngingasho okushoyo ngabathengi, ngicabanga ukuthi sinomsebenzi omningi okufanele siwenze kumthengi, ngingavumelana nalokho, ngenxa yezizathu zokuthi...
George Leon Staphos, BofA Merrill Lynch, Research Division - MD kanye Co-Sector Head in Equity Research [4]
Kulungile.Futhi-ke njengoba ifinyelela ku-dividend, ngokusobala, isinqumo esibalulekile.Uma kubhekwa amandla okuba ngaphezudlwana kuka-3x, uma kubhekwa inhloko yesivumelwano othe ibalulekile nawo wonke omunye umsebenzi owenzile ukuze uthuthukise imali oyitholayo, ingabe bekukhona okuthile okukumise isikhashana, ngakho-ke, kwabangela inzuzo?Ngoba bekubukeka sengathi unendawo yokuqhubeka nokukhokha izabelo.Yini ekunika ukukhathazeka kakhulu njengamanje mayelana nokuwugcina usezingeni owawukulo phambilini?Ngokusobala siyasihlonipha isinqumo futhi ngiyawazisa umbala.
Kulungile.George, ngiyabonga ngokubuza lo mbuzo ngoba lokhu akuyona indaba ye-liquidity nhlobo.Futhi ngicabanga ukuthi ukhombe into engu-1.Uma kukhona into engu-1 esithinta sonke, noma ngabe sikuphi, wukungabikezeleki kokuthi kuzokwenzekani mayelana nezimo zemakethe.Futhi sicabanga ukuthi kungcono ukuthi sizame ukuphuma ngaphambi kwalokho futhi siqinisekise ukuthi sikulungele ukubhekana nokungaqiniseki esinakho kwezomnotho nezimo zemakethe ukuya phambili.
Futhi lezi zenzo, futhi angizibheki -- njengoba inzuzo ingu-1 ochungechungeni lwezinto esizenzayo.Ngingabheka yonke iphakheji yezenzo esizenzayo ukusivumela ukuthi sizule ekungaqiniseki sonke esibhekene nakho.
George Leon Staphos, BofA Merrill Lynch, Research Division - MD kanye Co-Sector Head in Equity Research [6]
Ngakho-ke ingxenye yakho ingaba inhloko-dolobha ongase udingeke njengoba uqhubeka nokwandisa iphothifoliyo ngokuhamba kwesikhathi, ingabe lokho kungaba okulungile?
George Leon Staphos, BofA Merrill Lynch, Research Division - MD kanye Co-Sector Head in Equity Research [8]
Ngakho-ke futhi ugcina impushana ethile, ngokusobala, unikezwe eminye iminyakazo ongase udinge ukuyenza ngaphakathi kwephothifoliyo ukuze uthuthukise ukusebenza.Lokho kuyisizathu esi-1 sokuthi kungaba kuhle ukuba nemali eyengeziwe.Ingabe lokho kulungile?
Yebo.Ngikubuka nje kukonke, yisimo esingalindelekile kakhulu, futhi ngicabanga ukuthi zonke izenzo esizenzayo zifaneleka kakhulu ukuba siphume ngaphambi kwenkathi yokungaqiniseki sonke esibhekene nayo.
UMark Adam Weintraub, i-Seaport Global Securities LLC, i-Research Division - MD kanye nomhlaziyi Omkhulu Wocwaningo [11]
Steve, ngifuna ukulandelela lokho -- impendulo embuzweni wesabelomali, ngoba nje ngicabanga ukuthi kubalulekile ukuthi abatshalizimali bakuqonde ngokugcwele.Ngisho, iphuzu lakho ukuthi -- azikho izinkinga ze-liquidity ozibonayo njengamanje, kodwa kungenzeka ukuthi, ukwenza lokhu -- uma kwenzeka, awukulindele ngempela, kodwa kuwukubamba iqhaza kakhulu. ukwenza, njengoba usho, uphume phambi kwakho.Ingabe leyo yindlela ngempela yokuyiqonda?Ngoba ngicabanga ukuthi abantu abaningi bazoyifunda kancane bese bethi, wow, kumele bakhathazeke ngesizukulwane sabo semali, bavele banciphise izabelo zabo, futhi lokho kwamangaza abantu abaningi.
Yebo.Ngakho ngiyabonga ukuthi ubuza lokho.Lena akuyona indaba ye-liquidity.Ngicabanga ukuthi izama ngempela ukuphuma phambi kwesethi yemicimbi engalindelekile.Bese ngicabanga ngakho ngokujulile ngokombono wabanikazi bamasheya, futhi sikhiqiza ukheshi ozokhokha isikweletu, futhi ngicabanga ukuthi lokho kuzozuzisa abanikazi bamasheya.Ngakho-ke uma ngingumnikazi wamasheya, ngicabanga ukuthi ngiyakwazisa lokhu ngoba kusivumela ukheshi ukuthi sikhokhe isikweletu, esizotholakala -- esizoqongelela kubanikazi bamasheya futhi sizothuthuka. i-liquidity futhi isinikeze ukufinyelela kwesikhathi eside ezimakethe zezimali zezikweletu, konke engicabanga ukuthi kubaluleke kakhulu.Futhi izabelo ze-dividend ngo-$0.80 zisabalulekile futhi zikhulu futhi ziyaqhudelana kwezinye izindlela eziningi zokutshala izimali.
U-Mark Adam Weintraub, i-Seaport Global Securities LLC, i-Research Division - MD kanye nomhlaziyi Omkhulu Wocwaningo [13]
Kulungile.Futhi-ke ngokushesha nje -- ngokubona ukuthi isimo esimanzi kakhulu.Ingabe ikhona imininingwane ongabelana ngayo nathi mayelana nokuthi imfuno ibukeka kanjani njengamanje uma iqhathaniswa nalapho ibikade ikhona, yini oyilindele kahle ngoMeyi mhlawumbe, lapho izinto zibukeka kanjani?
Yebo, Mark, ngizovumela uJeff ukuthi aphendule kulokho kuthayela bese kuthi uPat emva kwalokho, aphendule lokho kumthengi.Ngakho uJeff?
UJeffrey Wayne Chalovich, Inkampani yase-WestRock - Isikhulu Esiphezulu Sezentengiselwano kanye noMongameli Wokupakishwa Okuboshiwe [15]
Ngiyabonga, Steve.Sawubona, Mark.Ngakho-ke kusesekuseni kakhulu ukuthi ngingasho ngoMeyi ngithi izinto esisalela emuva ngazo evikini lokuqala zizinzile.Futhi ngizonikeza ukucaciseleka okuningi ngendlela engingakwazi ngayo kumavolumu ka-April, ngiqonda ukuthi ufuna imininingwane ezimakethe ezithile.Angikabi nakho lokho kubuka okuyimbudumbudu okwamanje.Futhi-ke njengoba ushilo, ngokusekelwe emananini ezitshalo zokuvala zamakhasimende ethu okwesikhashana, ukuntengantenga kwephrofayili yokufunwa, kungase kungabi yinkomba yokuthi ikota izoba yini noma ngeke ibe yini.Ngakho siqede u-April sehle cishe ngo-4%.Saqala inyanga siqinile ngokusalela emuva futhi isonto ngalinye liya liba libi kakhulu.Ngakho-ke, njengoba uSteve ashilo, sinamakhasimende angaphezu kwe-130 okungenzeka ukuthi avala noma anciphisa amashifu kulo lonke ibhizinisi, amakhasimende ethu angu-4 kwangu-10 aphezulu abe nezitshalo eziningi ngasekupheleni kukaMashi kuya ekuqaleni kuka-April.Ngakho sakubona lokho ezingxenyeni eziqinile ekudleni kwethu okugayiwe kanye nebhizinisi lethu lamaprotheni.Lokho yi-US neCanada.Bese kuthi amabhizinisi thina -- esiphakela isevisi yokudla noma amabhizinisi enkonzo yokudla nawo ehle.Sabe sesikubona lokhu ezingxenyeni ezisetshenziswa ekugcineni ezazibuthaka njengemikhiqizo yethu yezimboni kanye nebhizinisi lethu lokusabalalisa nephepha, okuyingxenye enkulu.
Ibhizinisi esiphumile kulo kanye nezitshalo zamabhokisi esizivalile kuzohlala kungumoya.Bese siphuma ebhizinisini leshidi lenani eliphansi kuleyo ndawo yokusabalalisa nephepha.Ngakho-ke lokho kungaba ukudonsa kanzima onyakeni wezimali olandelayo njengoba siphuma.Kodwa futhi, uma ubheka ama-comps, senyuke ngo-1.7% ngo-Ephreli wonyaka odlule.Imakethe yehle cishe ngo-1.4%.Sikhuphuke ngo-2.7% ngekota ngonyaka odlule, futhi imakethe ibiphansi.Ngakho-ke ama-comps anzima.
Kodwa ngemva kokusho lokho, ibhizinisi lethu lasebenza kahle kakhulu.Siqhathanise ukunikezwa kwethu nesidingo samakhasimende ethu.Izitshalo zahamba kahle.Babenezimo eziyinselelo enkulu namabhizinisi ayephezulu, amabhizinisi ayephansi.Sahambisa ibhizinisi eduze kwezitshalo ngokungenasici.Futhi uSteve uthe abasebenzi bethu basabele ngobuqhawe.Ngakho-ke sinethemba lesikhathi eside lokuthi singaqhubeka nokuhlanganisa leli bhizinisi kanye namasu ethu ahlukene ekuthengisweni komshini, ukuthengiswa kwezithombe eziphrintiwe kusengaphambili kuyaqhubeka ukuhlala kuqinile.Siyaqiniseka ngekhono lethu lesikhathi eside lokukhulisa leli bhizinisi.
UPatrick Edward Lindner, Inkampani yaseWestRock - Isikhulu Esiyinhloko Sokusungula kanye noMongameli Wokupakisha Wabathengi [17]
Kuhle.Siyabonga, Steve, futhi ngiyabonga, Jeff.Futhi ngakho-ke angikwazi ngempela -- njengoJeff, angikwazi ngempela ukuphawula kakhulu ngoMeyi.Ngizozama ukunikeza imininingwane ka-Ephreli, ikakhulukazi, ukuthi ifana kanjani namazwana achazwe uSteve ngekota.Empeleni, esikubonile ekupheleni kwekota kuze kube yinyanga kaMashi kuqhubekile kwaze kwaba ngu-April.Sibone isidingo esiqinile kanye nokuzinza ekudleni, iningi lamazinga esevisi yokudla kanye nezicelo, isiphuzo nokunakekelwa kwezempilo.Ukusilela kwethu emuva ngo-Ephreli ku-CNK kuhlala kuqinile emasontweni ayi-5 kanti i-CRB icishe ibe amaviki ama-3.Ngakho-ke sizizwa kahle -- futhi sinethemba ngesevisi yokudla, isiphuzo nokunakekelwa kwezempilo.
Sihlangabezane nezinselele ezithile ezibalulekile ikakhulukazi ekuphrinteni kwezentengiso.Futhi ngakho mhlawumbe ngizothatha isikhashana futhi ngikuchaze lokho.Sasihambe endaweni ethile ngo-April, cishe u-50%.Lokho cishe uhhafu wezinga lokuthengisa lansuku zonke ngo-Ephreli njengoba besiyoba nalo, futhi cishe uhhafu walokho ebesinako ngoFebhuwari.Okuningi kwalokho kubangelwa ukuncipha kokuthumela i-imeyili nokukhangisa kanye nenzuzo ethile kumaphrojekthi eshidi ngokuvamile abezoba namandla ngalesi sikhathi sonyaka, asanda kukhanselwa.Futhi ngakho lokho kwaqhubeka ngo-April.Yebo, njengoba sesixoxile, kunzima ukusho ukuthi lokho okuzoqhubekela phambili.
Futhi, saba nokuthamba okuthile ngoMashi, ikakhulukazi, futhi lokho kwaqhubeka kwaze kwaba ngu-April ngomoya wethu ophakeme cishe kwaba nomthelela othile ngokungakhokhiswa.Futhi nasezintweni zokunakekelwa kwezimonyo nobuhle, lena cishe yimikhiqizo yokuzikhethela, enenani eliphezulu.Futhi eminye yaleyo mikhiqizo yayibhekwa njengengabalulekile, futhi amakhasimende ethu ayengazisebenzisi izindawo zawo.Ngakho-ke u-April, ngingasho, waqhubeka nokuthambekela esikubone ngoMashi uSteve ayekuchaze.
UMark Adam Weintraub, i-Seaport Global Securities LLC, i-Research Division - MD kanye nomhlaziyi Omkhulu Wocwaningo [18]
Futhi uma bengikwazi -- ngakho uma ukuhlanganisa konke ngo-April, ukuhleleka kobukhulu, bekungase kubukeke kanjani?Pat?
UPatrick Edward Lindner, Inkampani yaseWestRock - Isikhulu Esiyinhloko Sokusungula kanye noMongameli Wokupakisha Wabathengi [19]
Ngokuqondene nabathengi ngokuqondile?Ngakho-ke sekukonke, ngingasho ukuthi kufanele ihlukaniswe ngebanga ngalinye.Kodwa ngingasho ukuthi u-April wehle unyaka nonyaka.Ayikwazi ukunikeza inombolo eqondile njengamanje ngoba kusesekuseni kakhulu ngemininingwane, kodwa yehle ngokuzithoba unyaka nonyaka kanye uma iqhathaniswa noMashi.Futhi uzobona -- uSteve ushilo ekuphawuleni kwakhe, ikakhulukazi ngase-SBS, ikakhulukazi ngenxa yokuthi kube nomthelela embonini yezentengiselwano esithathe cishe amathani ayi-14,000 wesikhathi sokuphumula, ukwehla komnotho ngenyanga ka-Ephreli, okukhombisa lokho kuthamba esasinakho embonini yokuhweba.
Futhi uMark, lesi isigceme.Ngingangeza nje, ngizokhomba emuva kumazwana ami engiwalungisile lapho sithi imali engenayo kanye neholo lizokwehla ngokulandelana.Futhi ngokujwayelekile, singena enkathini yesizini engxenyeni yesibili yonyaka lapho imali engenayo izokwenyuka khona.Ngakho-ke ngicabanga ukuthi ukuphawula kwakho bobabili uJeff noPat abakunike kona ngenyanga kuyahambisana nombono wethu wokwehla okulandelanayo kwekota.
Embuzweni wami wokuqala, ngizibuze ukuthi ungakwazi yini ukukhuluma kancane mayelana nokuhleleka kohlobo lokwenyuka kwefayibha yakho, ifayibha yakho egaywe kabusha iyanda, kusukela phansi, engicabanga ukuthi mhlawumbe bekuyikota yokuqala yezimali bese kuba ikhono lakho. ukulungisa lokho kwanda.
UJeffrey Wayne Chalovich, Inkampani yase-WestRock - Isikhulu Esiphezulu Sezentengiselwano kanye noMongameli Wokufakwa Kwezinsimbi [24]
Maka, yebo.Ngakho-ke sibe nokwanda okuphawulekayo ku-fiber yethu.Sesikhuphuke cishe ngo-$50 noma ithani elilodwa kuze kube manje.Futhi -- isidingo sihlala singashintshile ku-fiber egaywe kabusha, kodwa isizukulwane siphonselwe inselelo.Ngakho-ke kusukela ngoMashi, sibone ukwehla kwesizukulwane, ikakhulukazi ngenxa yokuthi amabhizinisi amaningi ayadayisa.Ngakho-ke izitolo zegrosa zihlala ziqinile, kodwa lonke ibhizinisi lezokuthengisa selithambile ngempela.Futhi-ke ube noshintsho ekuthengeni ku-inthanethi.Futhi ngakho-ke i-OCC eningi ezikhungweni zokugaywa kabusha inezinga lokutakula eliphansi kakhulu kunelo unalo ezitolo zezitolo nezitolo zegrosa.Ngakho-ke lokho kubangele ukucindezela phezulu.Esikwenzayo ukuze sinciphise ebhizinisini ukuthi sisebenzisa i-virgin fiber noma i-fiber egaywe kabusha ngokuya ngezindleko ezigayweni kuze kufike emandleni abo okwenza lokho ngokusekelwe emandleni okulinganisa, ngokusekelwe kumthamo wabo we-pulping, ukuze silawule lokho njengoba eduze ngangokunokwenzeka ukusiza ukunciphisa izindleko.Sehlisa -- sibheka wonke amaphrojekthi wethu we-Lean Six Sigma.Sizama ukunciphisa ukwehla kwamandla emali ngokukhiqiza minyaka yonke.Bese kuya ngokuthi i-OCC iya kude kangakanani, sizoqhubeka nokuzama ukukhokha zonke izindleko esingakwazi.
Futhi ngicabanga ukuthi ngesikhathi esithile, uma ubheka emuva eminyakeni emi-3 eyedlule, kwakuyisivunguvungu esingu-$300 wezigidi okwakunzima ukusikhipha.Kodwa njengamanje, sizibambele mathupha ngokunciphisa izindleko ezithile futhi sixuba yethu -- ingxube yefayibha, sithuthukisa imiksi yefayibha ngokusekelwe ezindlekweni ohlelweni.Bese kuthi-ke njengoba unyaka uphela, sizobona ukuthi le ngcindezi iyaqhubeka yini.Ngicabanga ukuthi izoqhubeka kuze kube nguMeyi, bese sibheka ukuthi kwenzekani.Kepha njengoba sishilo ekuqaleni, kunzima kakhulu ukubikezela noma yini njengamanje emakethe ngokususelwa esimweni se-COVID.
Kulungile.Kuyasiza lokho, Jeff.Ukulandelela enganginakho kwakuseduze ne-Gondi futhi nginelukuluku lokukwazi kokubili ukuqaliswa komshini omusha nokuthi yini engase ibe nayo ekuthumeleni kwakho e-Mexico.Kodwa futhi ngifisa ukwazi ukuthi ingabe kukhona yini esivumelwaneni sobambiswano okungase kudingeke ukuthi ukhulise ubunikazi bakho kwaGondi, ake sithi, phakathi kwamanje nokuphela kwezimali zika-'21?
Maka, ngizothatha umbuzo wesibili.Mark, ngizothatha umbuzo wesibili, futhi Jeff, uphendule umbuzo wokuqala.Akukho esivumelwaneni sobambiswano okungasenza sidinge ukukhulisa ubunikazi bethu.Ngakho sizinzile...
UJeffrey Wayne Chalovich, Inkampani yase-WestRock - Isikhulu Esiphezulu Sezentengiselwano kanye noMongameli Wokupakishwa Okuboshiwe [29]
I-Mexico ibhekene nohlobo olufanayo lokuguquguquka kwemakethe esiyikho, uMark.Ngakho isizukulwane se-OCC siphansi phezulu, sibona umphumela ofanayo.Ngakho-ke ukubambezeleka okuthile kuphrojekthi yokugaya ngokusekelwe esimweni se-COVID, ngakho-ke lokho kuyanwetshwa kancane.Futhi-ke ngingasho ukuthi izimakethe zabo zokusetshenziswa kokuphela ziningi kakhulu -- zinomphumela ofanayo nowethu njengamanje e-US Izimo ezifanayo kakhulu eMexico nalokhu esikubona lapha e-US.
Maka, sizothola -- sizobeka okuthile ku-10-Q yethu ezocacisa impendulo yombuzo ku-Gondi.
Anthony James Pettinari, Citigroup Inc, Research Division - VP and Paper, Packaging & Forest Products Analyst [32]
Ukulandela nje umbuzo wangaphambilini oya kuJeff, kungenzeka yini ukulinganisa ukuthi umoya wevolumu ovela kumabhokisi avaliwe uhlala isikhathi esingakanani?Futhi ingabe kungenzeka ukuyilinganisa?Futhi-ke, Jeff, ngicabanga ukuthi ubonise ukuthi amavolumu ka-April ayephansi ngo-4% lapho amakhasimende amakhulu ebona ukuvalwa kwezitshalo.Kungenzeka nakancane ukulinganisa umthelela wokuvalwa, noma ngabe bekuyingxenye encane yokwehla noma ingxenye noma ingxenye enkulu yokwehla?Ukuzama nje ukuqonda ukuthi hlobo luni lokukhula okuvamile kwe-organic kungaba.
UJeffrey Wayne Chalovich, Inkampani yase-WestRock - Isikhulu Esiphezulu Sezentengiselwano kanye noMongameli Wokupakishwa Okuboshiwe [33]
Impela.Ngakho-ke ingxenye yokuqala, Anthony, ukuvalwa kwemboni yamabhokisi kwaqala ngoMeyi wonyaka odlule, futhi sekuphele ngoJanuwari kuze kube manje.Ngakho-ke kukhona -- futhi kuphakathi kuka-0.6% nephuzu eliphelele lokuvalwa.Ngakho-ke njengoba siqhubeka neminyaka, eziningi zazo zizokwehla njengoba siqhubeka unyaka.Bese kuthi ngo-Ephreli, ngicabanga ukuthi ukuvalwa kwakubalulekile.Anginayo imininingwane yeleveli yesayithi okwamanje yemakethe ngayinye yokugcina.Kepha izimakethe zokugcina ezaphonselwa inselelo ngoMashi zahlala zinenselelo ngo-Ephreli.Ngakho-ke amashidi okusabalalisa, amaphepha, izimboni, abathengisi, isevisi yokudla.Futhi-ke saba nomthelela ngisho nezolimo ezaziphezulu, izingxenye eziya ezinsizakalweni zokudla, okungenzeka ukuthi akuyona ingxenye yebhizinisi lethu le-ag, kodwa kuseyisiqephu esikhulu, zehle kakhulu.
Uma ubheka amakhasimende ethu ayi-10 aphezulu ukuthi unamakhasimende athile amakhulu amaprotheni, unemikhiqizo ethile emikhulu yabathengi, izinkampani zezimpahla, ukudla okugayiwe, lapho -- lokho ingxenye ebalulekile yezinye izivunguvungu esibhekane nazo.Ngakho-ke sibe, njengoba ngishilo, amanye alawo mabhizinisi anezitshalo ezingaphezu kwezi-5, kokubili kumthengi onegama, kulebula yangasese bese kuba yiprotheni, futhi leyo yiCanada ne-US yethu.Ngakho-ke lezo kwakuyizici ezibalulekile zokwehla.
Bese kuthi uma ubheka, kuneshadi emphemeni wethu ezingxenyeni ezinkulu, uma ubheka ukusatshalaliswa ephepheni, futhi ngingakunikeza khona kanye ngekota ka-March, lehle ngo-6.6% ngosuku.Futhi ngakho lokho kusalokhu kuza kuleli bhizinisi.Futhi ucabanga nge-big 3 yethu, ingxenye yebhizinisi labo ibhizinisi lezimoto, izingxenye zezimoto, eziphansi ngokuphelele.Futhi-ke ibhizinisi elihambayo, elihambayo endaweni yokugcina liphansi kakhulu futhi.Futhi lelo yikhasimende eli-1 elikhulu kunawo wonke, uMnyango Wezokuvikela, bamise konke ukunyakaza kwezinkonzo kuze kube uJuni 1. Ngakho-ke leyo enye ingxenye yomoya.
Ngakho kulezo zindawo ezinkulu, lezo zingxenye ezinkulu zaziphansi.Futhi ngisho nengxenye yethu yePizza ebiqinile futhi ikhula izongena ngo-Ephreli.Futhi angikabi nakho lokho ngo-April.Kodwa ukunambitheka kwezigaba kuyafana nokuza ngo-Ephreli.
Anthony James Pettinari, Citigroup Inc, Research Division - VP and Paper, Packaging & Forest Products Analyst [34]
Kulungile.Lokho kuyimininingwane ewusizo kakhulu.Bese kuba umbuzo nje, ngiyacabanga, wabo bobabili uthayela nomthengi.Sibonile ezinye izifundazwe ziqala ukuphakamisa indawo yokukhosela endaweni yama-oda futhi ziqonda ukuthi yizinsuku zakuqala, ngiyazibuza nje, njengoba ukhuluma namakhasimende akho, noma ngabe kusensizakalweni yokudla noma izitolo noma ezinye izingxenye zebhizinisi, ingabe lokhu kuyinto owubona njenge-catalyst enengqondo yokuqoqwa kwama-oda?Noma uhlobo lwanoma yimuphi umbala ongawunikeza lapho?
UJeffrey Wayne Chalovich, Inkampani yaseWestRock - Isikhulu Esiphezulu Sezentengiselwano kanye noMongameli Wokufakwa Kwamapulangwe [35]
Impela.Ngizoqala bese ngiyiphendulela kuPat njengokuqhubeka.Kusesekuseni kakhulu ukuthi ungasho.Futhi njengoba ngishilo, izingxenye eziqine kakhulu ziba nesikhathi sokuphumula kanye nezivunguvungu ngenxa yomphumela we-COVID kubasebenzi bazo.Ngakho-ke ngethemba, njengoba siqala ukuhlehla, siqala ukubona ukuthambekela kokukhula kwesidingo, kodwa kusesekuseni kakhulu ukuthi singasho kuleli sonto lokuqala likaMeyi.Pat?
UPatrick Edward Lindner, Inkampani yaseWestRock - Isikhulu Esiyinhloko Sokusungula kanye noMongameli Wokupakisha Wabathengi [36]
Yebo.Futhi ngiyabonga, Jeff.Futhi ngokungeza ohlangothini lwabathengi, ngingavumelana nalokho.Ngicabanga ukuthi -- mhlawumbe izikhala eziguqukayo kakhulu njengamanje esizibona ziseduze nesevisi yokudla kanye nesitoko senkomishi namapuleti e-SBS, lapho singabahlinzeki bebhodi le-SBS emakethe evulekile lapho.Ngakho-ke -- kodwa kusesekuseni kakhulu ukusho ukuthi yini engenzeka lapho, kodwa kube nezinguquko eziningi.Futhi-ke enye isabhalwe ngezohwebo, engishilo ngaphambili, ibone ukwehla okuphawulekayo.Futhi ngakho sikubhekisisa lokho ngokucophelela.Kepha ngakho konke ukungaqiniseki okukhona njengamanje, kusesekuseni kakhulu ukuthi singasho ukuthi umbuso uyavula noma omunye wemisebenzi emayelana nokuncishiswa komphakathi uzoba nomthelela obonakalayo esikhathini esiseduze.
U-Steve, umbuzo nje owengeziwe, mhlawumbe ngokwefilosofi noma isikhathi eside, ngokuthi ukubuka kanjani ukutholwa.Ezinye zezivumelwano ezenziwe kulo mjikelezo wakamuva, azibonakali sengathi zisebenza kahle kakhulu ekuwohlokeni, ama-MPs anemimoya ephezulu nogwayi kanye ne-KapStone, ukhulume ezinye zezinselele ekunqobeni.Ngokusobala, i-average kufanele ibe phezulu kakhulu, futhi manje sekumele sinciphise i-dividend.Ngakho-ke isikhathi eside nje, ngokusobala, lokho kube isisekelo sokudala inani le-WestRock kwaba ukutholwa.Kodwa ingabe ucabanga ukuthi ukuya phambili, mhlawumbe sizobe sibheka kancane futhi mhlawumbe amandla angeke abe phezulu njengoba bekunjalo esikhathini esidlule futhi mhlawumbe ukutholwa kuzothatha indawo engemuva ukuze kwehliswe amandla ekusasa elibonakalayo ?
Siyabonga ngokubuza umbuzo, Brian.Ngicabanga ukuthi mayelana nokwabiwa kwezimali, lapho sikhona, ngicabanga ukuthi ukwehliswa kwezikweletu kubekwa phambili ngaphezu kokutholwayo.Kodwa ngilindele ukuthi ngokuhamba kwesikhathi, sizokwazi ukwenza ukuthenga ukuze sengeze inani enkampanini yethu.
Kulungile.Bese kuthi nje uhlobo oluhlobene nalokho, uthatha izinyathelo eziningi zokukhiqiza ukheshi futhi uthuthukise i-liquidity.Ngaphakathi nje kwephothifoliyo, ingabe zikhona izimpahla ongase uzibheke ukuze uzithengise noma uzikhiphe ukuze uzame futhi usheshise leyo nqubo?Futhi ingabe ikhona eminye imithombo yemali ongakwazi ukuyithola, njengokuthi, ukusho, emalini yokusebenza?Ngicabanga ukuthi ekuqaleni, lokho bekuzoba isivunguvungu esihle kakhulu ngonyaka, kepha izinto zishintshile.Ngakho-ke uyazibuza ukuthi ngabe zikhona yini ezinye izindlela zokwenza imali esikhathini esiseduze?
Yebo.Sibheka ibhizinisi lethu njenge -- umsebenzi wethu ukukhiqiza ukheshi, ngakho-ke sizobheka zonke ezinye izindlela.Asinalutho olugqamile kwiphothifoliyo yethu.Ngicabanga ukuthi ngibheka u-Ward Dickson no-John Stakel futhi babheka imali yokusebenza usuku nosuku.Ngakho-ke sibheka ama-levers ahlukahlukene ukuze -- esingakwazi ukukhiqiza ukheshi.
Lena indawo ka-Johane kaMarku.Okokuqala nje, ungakhuluma nje ngebhizinisi lebhodi elishintshile nokuthi -- ukhulume kanjani ngokuthi sikude kangakanani ekutholeni izindleko zekhephithali?Futhi-ke inani eliphelele lokusebenza kwebhodi elihlanganisiwe laliyini ngesikhathi se-Q1?
UPatrick Edward Lindner, Inkampani yaseWestRock - Isikhulu Esiyinhloko Sokusungula kanye noMongameli Wokupakisha Wabathengi [44]
Yebo.Ngakho-ke lo nguPat.Ngakho-ke ebhodini elicishiwe kanye ne-SBS ngokuqondile, njengoba uSteve aphawula, ugwayi nokunyatheliswa kwezentengiselwano sekwehlile ngokwezwe, futhi sibona izinselele ezithile eziseduze kakhulu mayelana nokuphrinta kwezentengiso, futhi kancane nensizakalo yokudla.Ngakho-ke siye sathatha isikhathi sokwehla kwezomnotho okungajwayelekile ngoMashi nango-Ephreli, okubonisa ukuthi amazinga ethu okusebenza abengekho phezulu njengoba ebenjalo ngaphambi kwalokho.
Manje uma singena kuleso sikhathi, ngingasho ukuthi sasiqine kakhulu.Futhi kwaba, njengoba ubungalindela, nge-SBS, amazinga okusebenza akhuphuka kanye nokusilela emuva emasontweni ama-4 njengokujwayelekile.Kodwa ngokusobala, esikubonile kwamanye amasegimenti esibamba iqhaza kuwo asebenzisa i-SBS noma ibhodi elenziwe nge-bleached ngokuvamile, sikubonile lokho kulungiswa kulokho kwehla kwezinga lezinyanga ezimbalwa ezedlule okube nomthelela emazingeni okusebenza.
Kulungile.Kuyasiza lokho.Bese uphendukela ku-MPS ngokuqondile.Ubize ubuthakathaka baseYurophu kodwa yiziphi izingxenye zebhizinisi le-MPS ezibuthakathaka?Ingabe kukhona okunye ngaphezu kwemimoya ephezulu?
Vele -- lo nguSteve.Ngicabanga ukuthi umkhondo wabo eYurophu ulinganiselwa eBrithani.Ngakho-ke baye baba nakho -- ngakho-ke ngicabanga ukuthi i-Brexit ibe inselele kubo.Ngakho-ke sihambisa lokho kukhiqizwa kude le empumalanga ngangokunokwenzeka e-Europe.Ngakho-ke sithuthele ibhizinisi ePoland.Ngicabanga ukuthi izingxenye azihlukile kangako kunalokho esikubona kukonke.Ibhizinisi lokunakekelwa kwezempilo lenze kahle kakhulu.Futhi ibhizinisi elinophawu lwabathengi libe nenselelo enkulu ngenxa yalokho okwashiwo uPat mayelana nezitolo ezingakhokhiswa intela futhi ngingakubiza ngokuthi, ibhizinisi elihlobene ne-COVID.
Ngethemba ukuthi wena nemindeni yakho nihamba kahle.Ngiyafisa ukwazi uma ungakwazi ukubeka amazwana nhlobo mayelana namathrendi, ikakhulukazi ebhizinisini likathayela e-Brazil.Ngiyabonga ukuthi izongena esikhathini esinensayo sesizini, kodwa esesikufundile kuze kube manje kuze kube ngu-Ephreli bekubonile futhi kukhombisa isidingo esinamandla phansi lapho.
UJeffrey Wayne Chalovich, Inkampani yase-WestRock - Isikhulu Esiphezulu Sezentengiselwano kanye noMongameli Wokufakwa Kwezinsimbi [49]
NguJeff.Ngizothatha lokho.Ngakho-ke Brazil, ngicabanga ukuthi lokho okufundile kuyahambisana.Banokuthengiswa okuhle kwebhodi lebhokisi unyaka nonyaka, cishe i-11%.Izimpahla ezithunyelwa ngaphandle eziphakeme esifundeni saseNingizimu Melika ziye e-Afrika futhi.Amavolumu akhuphuke ngo-7% ebhizinisini lethu lase-Brazil.Benze kahle kakhulu emakethe, kodwa lokho kukhule ngamaphesenti ayisi-6 nangaphezulu.I-Porto Feliz ekhuphukayo iyaqhubeka nokuhamba kahle kakhulu.Bayaqhubeka nokukhulisa ibhizinisi.Basetha amarekhodi kuma-corrugator abo amasha nama-EVOL futhi lokho kukhuphuka kuyaqhubeka kuhamba kahle kakhulu.
Sibona izivunguvungu ezithile ezivela egciwaneni le-COVID, kodwa akufiki ezingeni kuze kube manje njengoba sibonile lapha.Futhi, iphrojekthi ye-Tres Barras isendleleni futhi ihlelelwe ukuqala, njengoba iWadi eshilo ngaphambili, engxenyeni yokuqala yekhalenda lika-2021. Sithathe ukulibaziseka isikhashana, ukubambezeleka kwezinsuku eziyi-10, okusekelwe kwezinye izenzo zikahulumeni, esezihoxisiwe, kodwa ibuyela emuva futhi iyasebenza futhi isendleleni.Ngakho lelo bhizinisi lilonke liyaqhubeka nokusebenza kahle kakhulu, futhi izimakethe zabo ziyaqhubeka nokuqina njengamanje.
Futhi umbuzo olandelayo, ngiqagele, ku-pulp.Ushilo ukuthi isivunguvungu esingamaRandi ayizigidi ezingama-20, ngicabanga, kuze kube unyaka wokuqala.Kube nochungechunge lwezimemezelo zentengo esizibonile.Umane nje ufuna ukwazi ngombono wesikhathi, singasibona kanjani leso sigaba, lokho kuyinzuzo enkulu yezimali ka-2021?Noma uma kungenzeka ngokushesha ngoba uthengisa emakethe yendawo?
UPatrick Edward Lindner, Inkampani yaseWestRock - Isikhulu Esiyinhloko Sokusungula kanye noMongameli Wokupakisha Wabathengi [51]
Yebo.Ngakho-ke mhlawumbe ngizokuthatha lokho ngoba kusiqephu somthengi.Futhi ngakho-ke iningi le-pulp esiyenzayo likusistimu yethu ye-SBS njengoba sibhalansisa -- bhalansisa leyo sistimu nesikhathi esithile esivulekile.I -- imiqulu yethu ye-pulp inyukile muva nje, njengoba ubona kwezinye zezinto zesithasiselo esizishicilele.Futhi njengoba wazi, izintengo zehlile, izintengo ezishicilelwe zehle ngobuningi.Ngakho-ke lokho kube nomthelela omkhulu kithi engxenyeni yonkana.Ngokuqondene nokuthi yini engenzeka ngo-2021 noma ngale kwalokho, kunzima kakhulu kithi ukuthi sikhiqize ngakho konke okungaqinisekile, ngeke sikwazi ukukwenza lokho.Kepha -- impela, ngoMashi no-Ephreli kanye nokubuyela emuva kulo nyaka wezimali ofika manje, kube nomthelela omkhulu kakhulu, ngakho-ke kuqhutshwa amandla entengo kuleyo makethe njengoba ishicilelwe ngaphambilini.
Ngisho, Gabe, kithi, ingxenye encane yebhizinisi, njengoba wazi.Kodwa ngokulandelana, sibone ukunyuka okuthile kumanani ethu.Kusephansi unyaka nonyaka.Kodwa ngekota edlule kule kota, sibone ukwanda kwesibalo.
Ngakho vele ubuyele ngokushesha ekwabiweni kwezimali.Siyaqonda ukuthi wenzeni ngenzuzo nokuthi kungani.Ungasikhumbuza uma unesilinganiso esithile senkokhelo?Futhi embuzweni ohlobene, awushongo lutho ngokuqondile ku-repo.Siyazi ukuthi uzosebenzisa isitoko ukuxhasa izinxephezelo.Kodwa ungasikhumbuza ukuthi kungakanani ukutholakala okungenzeka ube nakho ku-repo?
Sinamasheya alinganiselwa ezigidini ezingu-20, futhi sekunesikhathi eside singawathengi kabusha amasheya ngoba sikucacele bha ukuthi isabelo-mali esibaluleke kakhulu sibe ukuncishiswa kwezikweletu.
UPatrick Edward Lindner, Inkampani yaseWestRock - Isikhulu Esiyinhloko Sokusungula kanye noMongameli Wokupakishwa Kwabathengi [59]
Yebo.Yebo.I-dividend, ngizokutshela, sichitha isikhathi esiningi sicabanga ukuthi bekuyini izinga elilungile.Futhi kunzima ukucacisa isilinganiso esithile senkokhelo.Ngibheka i-$ 0.80, kuzwakala sengathi i-$ 200 million.Singakwazi ukukhiqiza amaRandi ayizigidi ezingu-200 futhi kufanele sibuyisele amaRandi ayizigidi ezingu-200 kubaninimasheya bethu futhi ngaphansi kwanoma yisiphi isimo esingasicabanga.Futhi njengoba sishilo kumazwana alungiselelwe, sizobheka ukwandisa lokho njengoba izinto zibonakala kakhulu.Ngakho-ke ngicabanga ukuthi, kunzima ngempela ukukhuluma ngesilinganiso esithile senkokhelo kule ndawo.
Ngiyitholile.Bese kuthi umbuzo wami wesibili, 1 wamasoso ayimfihlo e-WestRock, okungenani ngokombono wami, ukufakwa kwemishini onakho ezindaweni zamakhasimende akho.Ngakho-ke ingabe kuya kuba nzima ukukhonza leyo mishini?Noma uma isifakiwe, kulele eklayentini ukunakekela imishini?
UJeffrey Wayne Chalovich, Inkampani yase-WestRock - Isikhulu Esiphezulu Sezentengiselwano kanye noMongameli Wokufakwa Kwezinsimbi [61]
Lona nguJeff.Ngakho-ke ulwazi lwe-COVID lukwenze kwaba nzima ukwenza lokho.Kodwa cha, sithumela umbhalo onamakhithi e-PPE, isembozo sobuso, amagilavu.Sikhuluma namakhasimende ethu ngezimfuneko zawo embonini bese kuba nezimfuneko zethu.Ngakho-ke sinezinkontileka zesevisi ezijwayelekile esizifezayo kanye nanoma yiziphi izimo eziphuthumayo lapho amakhasimende azosidinga khona.Ngakho leyo ngxenye yebhizinisi siyaqhubeka nokuhambisa abantu futhi ngokuphepha.Sibe nempumelelo enkulu ngokwenza lokho.Futhi ukuthengisa kwethu kulokho - ebhizinisini lethu lemishini liqhubekile nokukhula.Njengoba uSteve abike kusenesikhathi, senyuke ngaphezu kuka-$300 wezigidi ezinyangeni ezingu-12 ezedlule.Kuyajabulisa kakhulu ukuthi lokho kuyaqhubeka nokukhula, futhi siyaqhubeka nokukhulisa ibhizinisi kuleyo makethe futhi sisebenzela lezo zimakethe.
U-Adam Jesse Josephson, i-KeyBanc Capital Markets Inc., Isigaba Sokucwaninga - Umqondisi kanye Nomhlaziyi Omkhulu Wokucwaninga Ngezilinganiso [63]
Jeff, ngibuyela emuva ekuphawuleni kwakho kwango-April isikhashana.Bengifuna ukubuza izinto ezimbalwa.Ngakho-ke ngicabanga ukuthi uthe ukuthunyelwa kwehlile futhi nokusalela emuva kwehlile phakathi nenyanga ngaleso sizathu.Ungakwazi yini ukusinika umqondo wokuthi yini i-backlog ye-containerboard yakho esele ngemuva uma kuqhathaniswa nalokho okwakuyikho ekuqaleni kuka-April, ukuze ukhethe usuku?Bese kuthi-ke ocezwini lwe-e-commerce, uma kubhekwa ukuthi i-e-commerce inamandla ngempela kunensizakalo yokudla ehluphekayo, ingabe unawo umuzwa wokuthi ungakanani umthelela wokukhula kwe-e-commerce ngezinga elingena ngalo esikhundleni sokudla okulahlekile. ibhizinisi lesevisi?
UJeffrey Wayne Chalovich, Inkampani yaseWestRock - Isikhulu Esiphezulu Sezentengiselwano kanye noMongameli Wokufakwa Kwamapulangwe [64]
Hhayi-ke, ngakho ngizoqala ngengxenye yokugcina.Ibhizinisi le-e-comm linezinombolo eziphindwe kabili eziqinile, futhi lokho kusele.Futhi unokukhula okukhulu ku-inthanethi futhi uthenge futhi ku-inthanethi futhi uthathe esitolo, obekuyisigaba esikhula ngokushesha esikhaleni se-e-comm kusukela ngoMashi kuya ku-Ephreli.Mayelana nenkonzo yokudla kanye ne-offset, kunzima ukusho njengephesenti ngoba maningi kakhulu amabhizinisi ahlukene ahlinzeka ngezinsizakalo zokudla, ubisi, ibhikawozi, ezolimo.Ngakho-ke kunzima ukusho ukuthi i-offset ingaba yini njengenani eliqondile.
Mayelana nokusalela emuva, sibheka ukusilela emuva ohlelweni lwamabhokisi.Futhi ngakho-ke si-- yizinsuku ezi-5 kuya kweziyi-10.Futhi njengoba ngishilo, ngoMeyi, kwaba nokuzinza kusukela ngo-Ephreli kanye nokuthatha kancane kulokho esikubone ngesonto lesibili nelesithathu ngo-Ephreli, kodwa kusesekuseni kakhulu ukusho ukuthi lokho kuwumkhuba noma cha njengamanje ngenxa ukuntengantenga kwezimakethe zethu.
Adam Jesse Josephson, KeyBanc Capital Markets Inc., Research Division - Umqondisi kanye Senior Equity Research Analyst [65]
Yebo.Ngiyakwazisa lokho.Futhi enye nje engu-1 ku-e-commerce, okusho ukuthi, eminyakeni emi-3 edlule, ibingumlimi oqinile, ukukhula okunamadijithi amabili, phakathi nalesi sikhathi, isidingo samabhokisi sisuka ekukhuleni ngo-3% sibuyela emuva ngo-'17 saya endaweni ephansi. ulayini ngonyaka odlule.Ngakho-ke ngiyazibuza ukuthi imuphi umthelela ocabanga ukuthi ukukhula kwe-e-commerce kunawo emakethe iyonke lapho kubonakala sengathi i-e-commerce isalokhu inamandla amakhulu, kepha isidingo samabhokisi sehlile eminyakeni embalwa edlule?
UJeffrey Wayne Chalovich, Inkampani yase-WestRock - Isikhulu Esiphezulu Sezentengiselwano kanye noMongameli Wokufakwa Kwezinsimbi [66]
Ngicabanga ukuthi kumane nje -- kusekelwe kumaphesenti okuthi i-e-commerce okwamanje yemakethe yamabhokisi iyonke, u-Adam.Ngakho-ke uma ubheka isamba, uma kungu-10% kuya ku-12%, ngicabanga ukuthi lokho mhlawumbe kuwumsebenzi wengqikithi ku-e-comm.Bese-ke uba nokunye okunye, unempahla encane, ubhalisele, ziningi ezinye izinto ezingena kulokho.Kodwa ngisacabanga ukuthi uma ubheka emuva ekukhuleni okuhlala isikhathi eside, ukukhula okungapheli, lezo zinto, ezinye zezinto ezingahlali isikhathi eside ziphonselwe inselelo.Futhi kule ndawo, kuba inselele nakakhulu ngenxa yezimboni.Kodwa ikhono lethu lokukhula kuwo wonke amasegimenti eminyakeni emi-3 edlule libe lihle kakhulu.Futhi ebhizinisini lethu, nginethemba lokuthi singaqhubeka nokukhula ezimakethe, uma sibheka isikhathi esifushane se-COVID lapha, ngethemba, ukuthi ngokuhamba kwesikhathi, sizoqhubeka nokukhula futhi siwine ezimakethe zethu.
Siyabonga, umsebenzisi, futhi sibonga izethameli zethu ngokujoyina ikholi yanamuhla.Njengenjwayelo, xhumana nathi uma unemibuzo, sihlala sijabulele ukukusiza.Siyabonga, futhi ube nosuku oluhle.
Isikhathi sokuthumela: May-11-2020