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#Brands| P&S SUCCESS: PARKER&SIMPSON The 2017 fiscal year is coming to an end, and we are looking forward to sharing with you the success of the P&S brand that we have achieved together. We hope that good news will motivate you towards even greater success in the final quarter! L aunched by us in 2015, despite the ban on ad- vertising and open display, the Parker&Simp- son brand has grown to 1.7% in 2017, and sales have increased more than seven times. To see the real measure of our success, it should be noted that the current P&S market share has exceeded that of the legendary Marlboro brand that has been on the Russian market for decades. There are two primary drivers behind the growth of P&S: the migration of the Balkan Star ending in November 2016, which was the largest migration in the history of the Russian tobacco market, and the fast-track growth of P&S Compact (QS). The need for the migration of the Balkan Star – local brand No. 2 in our portfolio – was clear, as sales had declined by 35% yearly. We migrated an annual volume of about 2.7 billion sticks, which enabled us to increase the percentage of Growth Brands in the Russian portfo- lio and also build the customer base for P&S KS. All regional teams operating in the territory of the Bal- kan Star played an active role in supporting the mi- gration. However, the highest retention rate of Balkan Star smokers was recorded in the North Volga region. Thanks to the entire team for their involvement and effi- cient work in implementing the local support programs! Igor Surov, Regional Sales Manager, Volga North: “I would like to express my deep sense of gratitude to the Yaroslavl team. According to Nielsen, it has achieved a P&S market share of 4.29%, which is the second-best result among all Russian cities. I would also like to mention the Izhevsk team. In July of FY2017 it had the best P&S numer- ic distribution among all Russian cities which was 85.4%. The team also achieved a P&S market share in the city of 3.83%, which is the third best result in the country.” PARKER&SIMPSON BRAND HAS GROWN TO 1.7% IN 2017, AND SALES HAVE INCREASED MORE THAN SEVEN TIMES SALES P&S, MIO STICKS 633 FY’ 2016 5 092 FY’ 2017 The second obvious success of the brand was the rapid development of P&S Compact. The P&S Compact brand has made it to TOP 10 in the QS segment and has be- come the primary family sales driver. Another important indicator is distribution. In this area we are pleased to announce that the team from the Si- berian Region demonstrated the highest distribution performance by July 2017! The best P&S QS sales performer was the Southern Region's team with its sales doubling the per- formance of the other regions. We would like to thank the team for their excellent work! Andrey Dzyuba, Regional Sales Manager, Siberia: “I would like to express my deep sense of gratitude to the teams of Bar- naul (numeric distribution (ND) accord- ing to Nielsen is 78.3%), Kemerovo (ND – 77.9%), and Omsk (ND – 77.3%) for their outstanding contribution towards achieving brilliant results in terms of building a distribution system for the P&S brand. This is an excellent exam- ple of team spirit, professionalism and commitment! I am certain that we can still go further and, in the fu- ture, we will be able to achieve even better results!” Vsevolod Minochkin, Regional Sales Manager, South Russia: “I would like to thank the Southern Russia team for strong sales of P&S cigarettes. Without exception, P&S sales increased considerably in all ar- eas.” MARKET SHARE % (MS) 1.4 0.9 Oct 2016 1.7 1.5 P&S Marlboro Jul 2017 P&S QS sales would not have accelerate that fast es- pecially in Volga North and Ural regions, if it wasn't for the Key Account team. Sales in this channel have grown 21 times during the fiscal year. Anna Maslyaeva, National P&S Group Brand Manager: "The year was a dynam- ic one with competitors pursuing an ag- gressive pricing policy, for the first time bringing to the market low-priced brand extensions Royals and PM. We had to respond promptly to fol- low through with our plans: to lower the KS price, promote QS more, and launch a new SKS price of- fer. With our sales department getting in on the act, we managed to raise the P&S market share up to 1.7%. This year regional managers helped the sales growth by launching local promotion programs. We were particularly pleasantly surprised by consumers switch activities that were initiated by the teams of the South and the North-West. Next year we have even more ambitious plans: we need to sell 5.3 billion P&S sticks and increase our market share to 2.2%. I believe in our team and I am confident that together we will be able to cope with new challenges." Natalia Bocharova, Senior P&S Brand Manager: "One of the key targets for P&S was to increase the trial pur- chase rate. To that end, we set in motion a sale consultants program as part of the London project. A total of 539 retail outlets were in operation in 14 cities. The activation department's in- put was instrumental in monitoring and training consultants. We would like to give a special thank you to Olga Tsutskova for her caring and responsible attitude to the project." Alexei Larkin, P&S Brand Manager: "To magnify the effect from the sale consultants program, the regional SSE teams were tasked with selecting the maximum number of retail outlets. Normally, we used to cover five to ten retail outlets per city; this year we increased the outreach to  include up to 40-50 retail outlets. The Империалист |  | 9