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3-5% Revenue growth over the medium-term 5-8% Adjusted diluted EPS * growth (on a constant currency basis) over the medium-term 2.0-2.5x Deleveraging the balance sheet into our 2.0-2.5x adjusted net debt to adjusted EBITDA * target range 65% A progressive dividend being a 65% dividend payout ratio over the long-term We believe the greatest contribution we can make to society is Building a Smokeless World and reducing the health impact of our business *

Mash the ripe bananas and pack the mash in measuring cups to get exactly 1 1/2 cups

In New World cigars, this innovation is evident as brands experiment with combinations that bring new, bold flavors to life, pushing the boundaries of traditional cigarmaking

However, nicotine is also part of what causes a persons teeth to become yellow, and many people vape using e-liquids that contain nicotine

That requires a completely different filtration approach