RUI CARDOSO: We’ll start with some background on how NortonLifeLock became the business it is today. VINCENT PILETTE: Thank you, Rui, and thank you everyone for attending. So with that, welcome Vincent and Natalie. Finally, we’ll discuss how NortonLifeLock has been navigating the past few tumultuous months, the risks Vincent and Natalie see on the horizon, and the top priorities for deploying capital going forward. We’ll then provide some insight into our due diligence process, with some pointed questions about how the company’s fundamentals fit with the Beutel Goodman approach – which is integral to any business we add to our portfolios. Our first set of questions are centred around NortonLifeLock’s business – what the company does, Management’s vision of the future of the business and their plans for growth. He was joined recently by CFO Natalie Derse, who has a breadth of finance experience across many consumer-facing industries, including Stanley Black and Decker and eBay. We are pleased to have the opportunity to welcome Vincent and Natalie today to highlight how far the company has come in such a short amount of time, but more importantly, why there is still a long runway yet. Much of the stock’s recent success has been guided by the company’s new CEO, Vincent Pilette, who joined the company in May 2019 after many years as the CFO of consumer technology company Logitech International S.A. Through all the changes and market disruptions, we have focused on the inherent asset value that was buried under all the noise, and after many ups and downs, we have been rewarded as shareholders. NortonLifeLock has been a core holding of ours since 2013, and few other stocks in our portfolios highlight our patience and discipline in investing more than this one. RUI CARDOSO: Thank you to our clients for joining our Beutel Goodman Speaker Series event, In Conversation with NortonLifeLock. The following is an edited transcript of an exchange that provides insight into the transformation of NortonLifeLock following the sale of its Enterprise Security assets and the evolution of the company’s corporate strategy. NortonLifeLock emerged as a standalone company after the sale of Symantec’s enterprise security business to Broadcom last year. With many of the recent changes, NortonLifeLock is going back to its roots in consumer cybersecurity, and recently added identity theft protection as well with the acquisition of LifeLock. Many of you may know of NortonLifeLock (formerly Symantec Corp.) from buying a box of Norton Anti-Virus software a couple of decades ago. and International Equities team, hosted a virtual fireside chat with NortonLifeLock Inc.‘s CEO, Vincent Pilette, and CFO, Natalie Derse.
On November 9, 2020, Rui Cardoso, Managing Director of our U.S.
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