Reckitt Benckiser Group Plc · LSE:RKT
Reckitt Benckiser — H1 2025 Earnings Presentation
31 slides from Reckitt Benckiser's earnings presentation, Jul 24, 2025
Slide 1: Half Year Results 2025
reckitt HALF VEAR RESULTS 2025
Slide 2: Disclaimer
H12025 RESULTS DISCLAIMER Cautionary note concerning forward-looking statements This announcement contains statements with respect to the financial condition, results of operations and business of Reckitt Benckiser Group plc and the Reckitt group of companies (the “Group") and certain of the plans a
Slide 3: H1 2025 Highlights
Q reckitt H1 2025 HIGHLIGHTS Kris Licht Chief Executive Officer
Slide 4: Clear Strategic Progress
H12025 HIGHLIGHTS CLEAR STRATEGIC PROGRESS 1 2 3 4 Geographic footprint Categories with Clear evidence of A 0 F Fuel for Growth in Core Reckitt long term operating model CHESCENAG LnEL driving growth growth drivers working 9 gly & mm PF EXECUTING WITH EXCELLENCE wir A SIMPLIFIED ORGANISATION LA
Slide 5: H1 2025 Highlights
HI2025 RESULTS — H1.2025 HIGHLIGHTS eS & Fil 3 = Core Reckitt LFL Group LFL Top CMUs Adjusted Adjusted diluted net revenue net revenue gaining/holding operating earnings per share growth growth share profit! growth +A2% 0/0 0 +/.U/o t4.4/ +5.3% (Q2 2025) T T T T T Refer to adjusted measures presente
Slide 6: Non-Core Updates
H12025 HIGHLIGHTS NON-CORE UPDATES Essential Home _ Agreement to divest Essential Home S=s Up to $4.8bn enterprise value & Reckitt to maintain 30% equity stake ial Expected closing by 31 Dec 2025 Continue to consider all strategic options for MJN CO Mead Johnson Nutrition
Slide 7: H1 2025 Highlights
—_ H1 2025 HIGHLIGHTS ! eal Gr » H12025 RESULTS
Slide 8: Financial Review
FINANCIAL REVIEW Shannon Eisenhardt Chief Financial Officer
Slide 9: Strong H1 Performance
LUTTE D FINANCIAL REVIEW STRONG Hi PERFORMANCE Core Reckitt LFL net Core Reckitt revenue growth gross profit margin oT 62.0%7 +42 0 -U/o Volume: +1.2% (10)bps Price / mix: +3.0% Group LFL net Group gross revenue growth profit margin oT 61.0% T +15 0 .U/o Volume: -1.1% +40bps Price / mix: +2.6% Refer
Slide 10: Volume Trends - Continued Sequential Improvement
LUST FINANCIAL REVIEW VOLUME TRENDS - CONTINUED SEQUENTIAL IMPROVEMENT +B.8% 17.3% a, ae nin (1.9)% (1.a)% —(1-0)% (4.7)% 125 Q2 25 125 Q2 25 125 Q2 25 125 Q2 25
Slide 11: Core Reckitt - Area Overview
FINANCIAL REVIEW CORE RECKITT - AREA OVERVIEW \ >) Core] Q2 Q2 Q2 Volume Volume Volume LFL NR growth 0, LFL NR growth . 0; LFL NR growth . 0, 14.9% +1.3% fl t 1.9% 0 7 1.0% e 0 Price/mix a Price/mix ° 0 Price/mix NR: £1,035m +] 6% NR: £791m +] 9% NR: £550m. -| T% LFL NR growth ny LFL NR growth LFL N
Slide 12: Core Reckitt - Categories Overview
LUTTE D FINANCIAL REVIEW CORE RECKITT - CATEGORIES OVERVIEW SELF CARE CM GERM PROTECTION HA INTIMATE WELLNESS A ae Volume Volume Volume Volume LFL NR growth -2 7% LFL NR growth +6 9% LFL NR growth +] 7% LFL NR growth +2 2% ° ° ° ° 0.7% Price/mix +8.4% Price/mix +3.8% Price/mix +10.6% Price/mix 93.4%
Slide 13: Non-Core Overview
LUTTE D FINANCIAL REVIEW NON-CORE OVERVIEW (¢ ~ MEAD JOHNSON NUTRITION Volume LFL NR growth -8 0, ° 2 = 6.2 % Price/mix NR: £493m +2.0% Volume ( >) ESSENTIAL HOME Volume LFL NR growth | 0 ; 2.2% “5 9 % Price/mix NR: £429m 3.7% Volume LFL NR growth . 0 LFL NR growth . 0 335 7.3% has 5.1% e 0 Price/mi
Slide 14: GM Expansion and Fixed Cost Savings Drive AOP Margin Expansion
FINANCIAL REVIEW GM EXPANSION AND FIXED COST SAVINGS DRIVE AOP MARGIN EXPANSION +190bps oo = 23.57% 24.6% H12024 AOP Gross margin Fixed costs Marketing investment’ H12025 AOP
Slide 15: Simplification, Right Size Investment, Automation, Digital
H12025 RESULTS FINANCIAL REVIEW Simplification Simplify our organisation for scale opportunities + Removal of semi-autonomous GBUs + Reduction in management layers + More unified go-to-market approach + Simplified operating model + SKU rationalisation and process simplification °, =p Right size inve
Slide 16: Fuel for Growth Programme Delivering Ahead of Plan
FINANCIAL REVIEW FUEL FOR GROWTH PROGRAMME DELIVERING AHEAD OF PLAN Target © me FY 2024 H12025 2025+ Target © 300bps ey 20.9% 20.0% STEADY IMPROVEMENT TOWARDS TARGET 19% 0 total fed cost Pom 112024 412025 FV 2025 2026+ Se weet 201 oy cicim = £185m c.£500m BALANCE tinea New organisation and operating
Slide 17: Adjusted Diluted EPS Growth +4.4%
FINANCIAL REVIEW ADJUSTED DILUTED EPS GROWTH +4.47% +12.1p H12024 Actual AOP (before FX) Tax and interest Refer to adjusted measures presented within the Hi 2025 Results announcement. +57) -8.8p Share buyback FX 168.4p H12025 Actual
Slide 18: Continued Strong Cash Returns to Shareholders
Refer to adjusted measures FINANCIAL REVIEW CONTINUED STRONG CASH RETURNS 10 SHAREHOLDERS Free cash flow D4% OQ) Free cash flow conversion presented within the H1 2025 Results announcemer nt. Net debt 2.1K ¥F Net debt / adjusted EBITDA Dividend +O °, Ss. Interim dividend Share buyback fbn G&G New pr
Slide 19: Capital Allocation Framework
FINANCIAL REVIEW CAPITAL ALLOCATION FRAMEWORK All Investment in organic growth Ss Progressive dividend policy @ Target single-A credit rating (leverage around 2x) ¥=| Manage the portfolio for value creation Rex Return cash to shareholders oO ° . . . <> Wewwillreturn surplus cash to shareholders, inc
Slide 20: Upgraded 2025 Guidance
HI2025 RESULTS FINANCIAL REVIEW UPGRADED 2025 GUIDANCE LFL net revenue growth Adjusted operating profit -O— Adjusted operating profit growth A8D% +B 10 +4% 2 ahead of net revenue growth (previously (previously etiam £350-370m Aound2s% 3-A% Essential (previously 25-26%) Home croup Adjusted net Adjust
Slide 21: Confidence to Deliver
Q reckitt CONFIDENCE TO DELIVER Kris Licht Chief Executive Officer
Slide 22: Emerging Markets - Driving Growth
DSM CONFIDENCE T0 DELIVER EMERGING MARKETS - DRIVING GROWTH Net revenue profile of Core Reckitt net revenue (em) * Self Care = Germ Protection = Household Care ‘Intimate Wellness Top markets + ok) ) wy China India Brazil Market leading brands! STRENGTHS @ i ‘Strepsils: Distribution expansion + Categ
Slide 23: Dettol Expansion in China
CONFIDENCE TO DELIVER @ @ CREATE NEW CATEGORIES BY DRIVING CONSUMER RELEVANCE: DETTOL EXPANSION IN CHINA CONSUMER OBSESSED SUPERIOR EXECUTION Disinfectant Washing machine Antiseptic spray cleaner liquid KOL-Wild | KOL-Cool =) KOC-Linna Fox with VV: Dad Mr. Liu Regge”) Belle with with 5m ~, — VV: 0.5
Slide 24: Reckitt Focus On Series
LATS CONFIDENCE TO DELIVER RECKITT FOCUS ON SERIES RECKITT FOCUS ON: President Emerging Markets Date: 4 December 2025 Location: London
Slide 25: Europe - A Distinct Competitive Edge
DSM CONFIDENCE T0 DELIVER EUROPE - A DISTINCT COMPETITIVE EDGE Net revenue profile Market leading brands! 3% o-@ of Core Reckitt net revenue F1.7bn —@ net “s + Self Care = Germ Protection = Household Care = Intimate Wellness Top markets President Eric Gilliot a @ @ Germany Australia 27 years at Reck
Slide 26: Durex Nitrile Launch in Europe
aL CONFIDENCE TO DELIVER INNOVATING FOR A BETTER EXPERIENCE: DUREX NITRILE LAUNCH IN EUROPE CONSUMER OBSESSED PRODUCT SUPERIORITY NEW DUREX INTENSITY : 0 of lapsed condom Premium non-latex technology 66 % users claim that they exclusive to Durex reduce pleasure! WINNING RESULTS? aa oe 0.3% wae #1 ce
Slide 27: North America - Building Iconic Powerbrands
DSM CONFIDENCE T0 DELIVER NORTH AMERICA - BUILDING ICONIC POWERBRANDS Net revenue profile 207 of Core Reckitt net revenue fran net revenue * Self Care = Germ Protection = Household Care ‘Intimate Wellness Top markets = (w) US Canada Market leading brands! ~o@ President Jéréme Lemaire 4 27 years at R
Slide 28: Proactively Remediating and Creating New Categories
MPSS UNC CONFIDENCE TO DELIVER @= PROACTIVELY REMEDIATING PE CHALLENGES CREATE NEW CATEGORIES THROUGH DRIVING CONSUMER RELEVANCE Laundry Sanitizer i Air Sanitizer > Creer) —_— = — H ‘ Mucinex Mucinex Kills 99.9% IEPA ( oo aa! setergent approved & MUCUS CONGESTION z leave behind germ kill in air +100
Slide 29: A Simpler, More Effective Core Reckitt
CONFIDENCE TO DELIVER A SIMPLER, MORE EFFECTIVE CORE RECKITT WORLD-CLASS PORTFOLIO WINNING PLAYBOOK NEW ORGANISATION ae é BRK -W- ans OTHER @ f s ©) un a is 3) gf & ® XS” ca ee fF vcirausavion EXECUTION
Slide 30: Medium-Term Outlook
HI2025 RESULTS CONFIDENCE TO DELIVER MEDIUM-TERM OUTLOOK Deliver long term, sustainable EPS growth and value creation for shareholders
Slide 31: reckitt
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Reckitt Benckiser Group — H1 2025 Earnings Presentation on 6ix