Replay: Analyst Access: Barclays: Friday drinks with Laurence Whyatt: Going through the latest US Nielsen print + Implications of Pernod’s US RTM overhaul + Fever-Tree US A&P delivering + Campari Preview

Research evidence excerpt

Replay: Analyst Access: Barclays: Friday drinks with Laurence Whyatt: Going through the latest US Nielsen print + Implications of Pernod’s US RTM overhaul + Fever-Tree US A&P delivering + Campari Preview

Barclays | Replay: Analyst Access

US could also negatively affect our forecasts. Any increase in the prevalence of lockdowns in key sales regions would likely further harm sales,

particularly in the on-trade.

Disclaimer:

This publication has been produced by Barclays Research Department in the Investment Bank of Barclays Bank PLC and/or one or more of its affiliates

(collectively and each individually, "Barclays").

It has been prepared for institutional investors and not for retail investors. It has been distributed by one or more Barclays affiliated legal entities listed

below or by an independent and non-affiliated third-party entity (as may be communicated to you by such third-party entity in its communications

with you). It is provided for information purposes only, and Barclays makes no express or implied warranties, and expressly disclaims all warranties of

merchantability or fitness for a particular purpose or use with respect to any data included in this publication. To the extent that this publication states

on the front page that it is intended for institutional investors and is not subject to all of the independence and disclosure standards applicable to debt

research reports prepared for retail investors under U.S. FINRA Rule 2242, it is an “institutional debt research report” and distribution to retail investors

is strictly prohibited. Barclays also distributes such institutional debt research reports to various issuers, media, regulatory and academic