Procter & Gamble Company recently released a transcript of their presentation at the Deutsche Bank dbAccess Global Consumer Conference held on June 5, 2025. The event was attended by key members of Procter & Gamble's management team, who discussed important financial measures and strategic decisions impacting the company. During the presentation, management highlighted the significance of non-GAAP measures in assessing business trends and making strategic decisions. They specifically addressed adjustments to net earnings, which included the Gillette intangible asset impairment charge and foreign currency translation losses due to operations liquidation in Nigeria. "These measures provide useful perspectives on underlying business trends and results," stated a company representative. The discussion also touched upon adjusted free cash flow productivity, described as a critical measure for understanding P&G's cash generation capabilities. Management emphasized its role in determining the cash available for dividends and investments, stating, "Adjusted free cash flow productivity is a key factor in our financial resource allocation and budget planning." Moreover, the company addressed various fiscal events, such as the early debt extinguishment charges in 2021 and the gain on the dissolution of the PGT Healthcare partnership in 2019. The full transcript can be accessed through the link below.