Slide 1: Second Quarter 2021 Financial Results
Second Quarter 2021 Financial Results August 5, 2021
Slide 2: Forward-looking Statements and Non-GAAP Financial Information
Forward-looking Non-GAAP Financial Statements Information This presentation contains forward-looking statements, which reflect the current views of We use non-GAAP financial measures, such as adjusted net income, adjusted diluted Zoetis with respect to: business plans or prospects; future operating
Slide 3: Kristin Peck, Chief Executive Officer
Kristin Peck Chief Executive Officer
Slide 4: Key Takeaways
SECOND QUARTER FINANCIAL RESULTS Key Takeaways Strong Global Growth to Start 2021 • Generated 22% operational1 revenue growth and 28% operational1 increase in adjusted net income2, led by 36% operational growth in companion animal and 3% operational growth in livestock • The 36% operational revenue
Slide 5: Wetteny Joseph, Executive Vice President and Chief Financial Officer
Wetteny Joseph Executive Vice President and Chief Financial Officer
Slide 6: Income Statement Highlights
SECOND QUARTER FINANCIAL RESULTS Income Statement Highlights Second Quarter 2021* 2020* Change Revenue $1,948 $1,548 26% Reported Net Income 512 377 36% Reported Diluted Earnings Per Share $1.07 $0.79 35% Adjusted Net Income1 566 427 33% Adjusted Diluted Earnings Per Share1,2 $1.19 $0.89 34% * Milli
Slide 7: Adjusted Income Statement Highlights
SECOND QUARTER FINANCIAL RESULTS Adjusted Income Statement Highlights Second Quarter Foreign 2021* 2020* Change Exchange Operational1 Revenue $1,948 $1,548 26% 4% 22% Adjusted Cost of Sales2 565 448 26% 4% 22% as a percent of revenue3 29.0% 28.9% NA NA NA Adjusted SG&A Expenses2 488 372 31% 3% 28% A
Slide 8: U.S. Segment Performance
SECOND QUARTER FINANCIAL RESULTS U.S. Segment Performance Second Quarter 2021* 2020* Change Revenue $1,004 $823 22% Companion Animal 794 594 34% Livestock 210 229 (8)% Cost of Sales 192 154 25% Gross Profit 812 669 21% Gross Margin 80.9% 81.3% NA Operating Expenses 170 136 25% Other (Income)/Deducti
Slide 9: International Segment Performance
SECOND QUARTER FINANCIAL RESULTS International Segment Performance Second Quarter Foreign * * 2021 2020 Change Exchange Operational1 Revenue $924 $708 31% 9% 22% Companion Animal 435 288 51% 10% 41% Livestock 489 420 16% 6% 10% Cost of Sales 278 228 22% 5% 17% Gross Profit 646 480 35% 10% 25% Gross
Slide 10: International Segment Performance by Country
SECOND QUARTER FINANCIAL RESULTS International Segment Performance Second Quarter Foreign * * 2021 2020 Change Exchange Operational1 Total International 923.9 707.3 31% 9% 22% Australia 69.1 50.8 36% 24% 12% Brazil 75.7 56.3 34% (6)% 40% Canada 67.1 53.9 24% 13% 11% Chile 33.6 25.4 32% 6% 26% China
Slide 11: Financial Guidance
SECOND QUARTER FINANCIAL RESULTS Financial Guidance Selected Line Items (millions of dollars, except per share amounts) Full Year 2021 Revenue $7,625 to $7,700 Operational growth1 12.5% to 13.5% Adjusted cost of sales as a percentage of revenue2 Approximately 30% Adjusted SG&A expenses2 $1,870 to $1
Slide 12: Q&A
Q&A
Slide 13: Zoetis
zoetis