Hello, and welcome to the Deutsche Bank Depositary Receipts Virtual Investor Conference, DBVIC. My name is Zafar Aziz from the Deutsche Bank team. I'm pleased to announce that our next presentation will be from DSM-Firmenich from Switzerland. Before I introduce our speaker, a few points to note: Please submit your questions in the questions box to the right of the slides. Also, all today's presentations were recorded and can be accessed via the Deutsche Bank website, adr.db.com. At this point, I'm very pleased to welcome Anna Morello, Investor Relations Manager of DSM-Firmenich, which trades on the Euronext Amsterdam Stock Exchange under the symbol DSFIR, and in the U.S. on the OTCQX as DSFIY. Over to you, Anna. Hi, everyone, and welcome. I'm Anna Morello. I'm part of the Investor Relations team here at DSM-Firmenich. Good afternoon from beautiful Maastricht. Today, I will take you through a brief presentation about DSM-Firmenich, and I will be of course, like, at your disposal for any follow-up, like, questions you might have. Let's start, like, by taking a look at what we do here at DSM-Firmenich. Together with our customers, we develop innovative solutions in nutrition, health, and beauty. We are a leading consumer ingredient company that delivers the essential, the desirable, and the sustainable to make products that consumers love and use every day. We are pretty proud of our rich history, and by combining DSM, like, and Firmenich, we created like a powerhouse in innovation. We strive to make a positive impact with our unparalleled rich science and tech platforms. Indeed, as we came together back in 2023, we created a EUR2 billion sales company and EUR 2 billion EBITDA reality, which is present in over 60 countries. Our 30,000 talented and passionate colleagues share the same purpose and commitment to science and sustainability. We bring progress to life across four business units. In Perfumery and Beauty, we deliver well-being by uniting delight and care to create more well-being, like, for our consumers. In Taste, Texture, and Health, we make food accessible, healthier, and of course, delicious. In Health, Nutrition, and Care, we strive to make our world a little bit, like, healthier at every stage of life by helping to shift the focus from curing to preventing. Finally, in Animal Nutrition and Health, we help the food systems transformation, making animal farming efficient and sustainable. So in the end, we help create products that consumers really want. But how do we do that? As I said before, we have combined the power of, like, DSM and Firmenich, and we have created a science powerhouse. We start, like our products, with science and innovations. We have 2,000 scientists, 40 creation centers, 80 labs, and 15 R&D hubs across, like, the world. This is the power of an annual spend of EUR 700 million across four main platforms. In fact, we invest to develop in biotech, in microbiome science, in receptor biology, and also in data science and AI. But beyond science, we also have the ability to co-create with our customers, and we have, like, developed like a unique business like model in order to do so and be successful together with them. Not only we have the best ingredient toolbox, like, to play around with, but we also have a fantastic pool of, like, creators, our flavorists and perfumers, who are working together with our application specialists to ever expand our consumer insights and customer intimacy. Of course, like, backed by science and sustainability. The combination of the broadest palette of ingredients in the industry and our talent, our creativity in creating new flavors, new fragrances, new products, and application solutions for our customers, help us like to win more and more like briefs together with our customers, ultimately delivering what our consumers ultimately want. But not only we are powered, like, by science and like our unique business models, it is also very close to our heart and probably one of like the immediate connection points that we had in between, like DSM-Firmenich, like our commitment to sustainability. Our commitment to sustainability is also reflected in our targets, in our remuneration, prospects, and exemplified also, like, by our partnerships. We strive to make the world, like, a little bit better, like, for people all across, like, our value chain, and also we strive, like, to achieve, overperform around, like, our climate-like targets. A little bit more maybe about, like, our business units in detail. Perfumery and beauty is a EUR 3.7 billion revenue company with like sales, like, well spread across, like, EMEA, Americas, and Asia, delivering organic sales growth, like, in between 5%-6%, like, annually, with, like, 5,000 more employees, like, committed to uniting delight and care for our customers and consumers and reaching, like, an adjusted EBITDA margin of like 22%-24%. What do we deliver across, like, our, like, three business units of perfumery, fragrance ingredients, and beauty and care, is a various combination of, like, scent fragrances, like home fragrances, beauty fragrances, together with, like, our beauty actives, like in the beauty and care, like, segment. In perfumery, we deliver fragrance solutions, like, for our, like, customers. In fragrance ingredients, we have more than one, like, billion revenues, thanks to our ever-evolving, like, portfolio of synthetics, like naturals, like, and also biotech, like, driven ingredients, really unparalleled across, like, the industry. Lately, in beauty and care, which is where we see, like, the true power of, like, the combination between, like, DSM, like Firmenich, we have started to expand, like, our solutions for, like, the customers by combining, like, the actives from, like, the DSM, like legacy, together with the fragrance, like tradition and beauty industry understanding and intimacy of, like, the Firmenich, like, businesses. In our beauty and care business, we already have seen the first successes of, like, our integration and our, like, synergy, like, potential. We have innovations across, like, these, like, three, business lines, like whether in perfumery, in beauty and care, or in fragrance ingredients. We are constantly developing products like that are used like in everyday life, whether it is like to enhance your well-being through a like a new fragrance or to protect yourself with new sun care applications, et cetera, et cetera. In taste, texture, and health, we strive to create more delicious, more nutritious, and healthier food that is like better like for like the planet. Again, here we have a EUR 3 billion revenue business with a profile to 6%-8% organic sales growth, more than 6,000 employees, which delivers like a 21%-23% Adjusted EBITDA margin annually. Our presence is global, and we have customers across the big multinationals, but also like local and regionally oriented. And we create, like, solutions, like, across, like, the different, like, end markets, thanks to our broad portfolio of, like, flavors, but also, nutrients, enzymes, and cultures. We are present in various end markets, spanning from beverages, dairy, baked goods, savory. We have a small presence in pet, and we are developing, like, our plant-based solutions for, like, the customers to create delicious, like, products, like, for consumers, such as, like, the following, like, examples. In energy drinks, we have created not only a flavorful energy drink-like solution for our customers, but also enhanced with essential, health-like benefits, like to maintain high health, like in muscle function. In plant-based, we have created an array of, like, solutions, whether to replicate, chicken or salmon or other, meat, solutions in a plant-like base, like form. Moving on to health, nutrition, and care. In this business, the focus is preventative, like health, versus like curing. So in health, nutrition, and care, which is like a EUR 2 billion or so revenue-like business with like a 4-6 organic sales, like growth, like profile, or 21-23 adjusted EBITDA margin, like delivered annually. Our 4,000+, like, colleagues, like, across, like, the world, like, strive to make, like, the world, like, a better place by offering vitamins, biotics, like pre, post biotic-like solutions, HMOs, like for early life, like nutrition, but also nutraceuticals, enzymes, and carotenoids. All these, like, products are offered across, like, various, like, end markets, spanning from, like, early life nutrition, dietary supplements, like pharma, and so on. We also have a small, like, business, that is like a B2C business, which, gives us, like, various insights about what consumer like, wants in terms of, like, their own, like, health, and this business is iHealth. Across, like, all, like, these, like, solutions, like, we have very tailored, propositions, like, for specific, like, health concerns that people, like, might have, but we are also, like, at the forefront of sustainability by, for instance, like, offering a vegan algal oil, omega-3 algal oil, that are better for the environment, better, like, for our immunity system and better, like, for, our, like, brains, like, as well. Not only, but we are at the forefront of early life nutrition by offering HMOs, the novel ingredient in early life nutrition, which is like, the being, like, marketed, n... Starting, like, from this year. And finally, our animal nutrition and health, like, business. In animal nutrition and health, we thrive, like, to change, like, the global, like, food, like, systems. It's a EUR 3 billion revenue business with an organic sales growth, like, profile of 6% and an Adjusted EBITDA margin of 15%. Our 7,000 colleagues worldwide are offering vitamins, premix solutions, but also performance, like, solutions across, like, all sorts of, like, products that are essential, that are, like, desirable, and that are, like, sustainable, like, for, like, the planet. Starting, like, from vitamins, like, and premixes, like, and also eubiotics and mycotoxin, like, risk, like, management innovations, like, for farmers. We have a long history of innovating in the animal farming space by expanding our offerings, like, from eubiotics and other, like, performance-like solutions to sustain, like, an efficient but sustainable growth, like in animal farming. We are further expanding, like, our winnings and knowledge, like, in this space by powering, like, precision services, like, of, like, data collection and analysis to optimize even further the operations at animal, like, farming side. Of course, like, as of 2024, at the beginning of 2024, we announced, like, our intention to separate ANH, as it doesn't fit the profile of DSM, like, Firmenich anymore, and we would like to see this business thrive, like in other hands that are better suited to continue the excellent growth of like this business. We are completing what we call, like, the preparation phase in 2024. This phase will be followed by the execution phase of separation and determining which better options, like, will suit the exit of the business in H1 2025. The transaction will be completed in the second half of 2025. By 2026 or the end of 2025, DSM-Firmenich will be a company of EUR 10 billion in sales, with three focused business units in nutrition, health, and beauty. Targeting 6%-7% organic sales growth annually and with an average EBITDA margin of above, like, 22%. Our new DSM-Firmenich, like, company will be competing in the right space to bring progress to life, and we are confident in achieving our midterm targets, thanks to our unique business model, our talented and passionate colleagues, supported and inspired by science and sustainability. With this, I'd like to thank the Deutsche Bank team, like, for this opportunity, of course, and I remind you that we are listed on the Euronext AMS, like, Stock Exchange, and we have a new sponsored Level One program in the United States with Deutsche Bank, and we are trading on OTCQX, best markets. If you have any questions, you can reach us at investors@dsmfirmenich.com. Thank you very much!