Valvoline Inc at RBC Capital Markets Consumer Day Transcript

Jun 08, 2023 / 05:20PM GMT
Steven Jared Shemesh - RBC Capital Markets, Research Division - Assistant VP & Senior Associate

Thank you, Elizabeth. And good afternoon, everyone. I'm Steve Shemesh, RBC's Hardlines, Broadlines, Food Retail & E-commerce Analyst. For our next fireside, it's my distinct pleasure to be joined by Valvoline's Chief Executive Officer, Sam Mitchell. For anyone newer to the story, a lot has happened in the last year. The company divested its Global Products business in early March for $2.65 billion and is now a pure-play oil change and preventative maintenance company, targeting 14% to 16% annual revenue growth and 16% to 18% EBITDA growth.

Sam, thank you very much for joining us.

Samuel J. Mitchell - Valvoline Inc. - CEO & Director

Good to be here, Steve.

Steven Jared Shemesh - RBC Capital Markets, Research Division - Assistant VP & Senior Associate

Excellent. And that 30-second intro probably didn't do the story and the transition all too much justice. So maybe to start us off, if you want to give

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