Slide 1: Half Year Results 2026
Slide 2: Disclaimer
2 DISCLAIMER Cautionary note concerning forward-looking statements This announcement contains statements with respect to the financial the key markets in which the Group operates; the Group’s ability to innovate condition, results of operations and business of Reckitt Benckiser Group plc and remain
Slide 3: H1 2026 Highlights
H1 2026 HIGHLIGHTS Kris Licht Chief Executive Officer
Slide 4: Continued Strategic Delivery
HY RESULTS 2026 H1 2026 HIGHLIGHTS 4 CONTINUED STRATEGIC DELIVERY 1 Accelerated 2 Innovation enhancing 3 Fuel for 4 Executing with performance from quality of growth Growth delivery excellence focused portfolio
Slide 5: H1 Financial Delivery
HY RESULTS 2026 H1 2026 HIGHLIGHTS 5 H1 FINANCIAL DELIVERY Adjusted operating Adjusted diluted Cash returns Net revenue profit margin1 earnings per share to shareholders +2.6% H1 LFL 1 (100)bps 2 (9.7)% DPS +5% 3 vs. H1 2025 1. Core Reckitt + MJN. 2. Core Reckitt + MJN adjusted operating profit marg
Slide 6: Q2 Acceleration Across All Areas & Categories
HY RESULTS 2026 H1 26 HIGHLIGHTS 6 Q2 ACCELERATION ACROSS ALL AREAS & CATEGORIES EMERGING MARKETS EUROPE NORTH AMERICA CORE RECKITT +9.4% +7.6% +2.8% (1.5)% (0.9)% (4.2)% Q1 26 Q2 26 Q1 26 Q2 26 Q1 26 Q2 26 Q1 26 Q2 26 All percentages shown represent LFL net revenue change (%).
Slide 7: Superior Innovation
HY RESULTS 2026 H1 2026 HIGHLIGHTS 7 SUPERIOR INNOVATION STRONG PIPELINE OF RECENT LAUNCHES DRIVING RESULTS
Slide 8: Supply Chain Resilience
HY RESULTS 2026 H1 2026 HIGHLIGHTS 8 EXECUTING WITH EXCELLENCE TAKING DECISIVE ACTIONS TO MITIGATE COSTS SUPPLY Strategic inventory build of key materials CHAIN RESILIENCE Supplier and sourcing diversification Ongoing actions to mitigate input Alternative feedstocks cost pressures and material subst
Slide 9: H1 2026 Reflections
HY RESULTS 2026 H1 2026 HIGHLIGHTS 9 H1 2026 REFLECTIONS A WORLD-CLASS HEALTH AND HYGIENE COMPANY A PORTFOLIO OF POWERBRANDS DRIVING VALUE CREATION Right Right Right
Slide 10: Financial Review
FINANCIAL REVIEW Shannon Eisenhardt Chief Financial Officer
Slide 11: H1 2026 Financial Performance
HY RESULTS 2026 FINANCIAL REVIEW 11 H1 2026 FINANCIAL PERFORMANCE CORE RECKITT CORE RECKITT CORE RECKITT LFL net revenue growth Gross profit margin Adjusted operating profit margin +2.7% Volume: +0.5% 60.9%(110)bps 24.8% (110)bps Price / mix: +2.2% CORE + MJN CORE + MJN CORE + MJN GROUP GROUP LFL ne
Slide 12: Volume Trends – Sequential Improvement Across All Areas
HY RESULTS 2026 FINANCIAL REVIEW 12 VOLUME TRENDS – SEQUENTIAL IMPROVEMENT ACROSS ALL AREAS EMERGING MARKETS EUROPE NORTH AMERICA CORE RECKITT +4.0% +3.2% +2.6% +1.9% (0.9)% (2.8)% H1 26 Q2 26 H1 26 Q2 26 H1 26 Q2 26 H1 26 Q2 26
Slide 13: Core Reckitt Area Overview – Q2 Acceleration
HY RESULTS 2026 FINANCIAL REVIEW 13 CORE RECKITT AREA OVERVIEW – Q2 ACCELERATION EMERGING MARKETS EUROPE NORTH AMERICA Q2 2026 Q2 2026 Q2 2026 LFL NR growth Volume LFL NR growth Volume LFL NR growth Volume +9.4% (1.5)% +2.8% +3.2% (0.9)% +4.0% Price/mix Price/mix Price/mix NR: £1,145m +6.2% NR: £798
Slide 14: Core Reckitt Category Overview – Broad-Based Improvement
HY RESULTS 2026 FINANCIAL REVIEW 14 CORE RECKITT CATEGORY OVERVIEW – BROAD-BASED IMPROVEMENT SELF CARE GERM PROTECTION HOUSEHOLD CARE INTIMATE WELLNESS Q2 2026 Q2 2026 Q2 2026 Q2 2026 LFL NR growth Volume LFL NR growth Volume LFL NR growth Volume LFL NR growth Volume +5.4% +11.4% (5.5)% +0.7% +1.1%
Slide 15: Non-Core Overview
HY RESULTS 2026 FINANCIAL REVIEW 15 NON-CORE OVERVIEW MEAD JOHNSON NUTRITION VESTACY TRANSITIONAL SERVICES Q2 2026 Q2 2026 LFL NR growth Volume +7.2% NR £118m (0.8)% Price/mix NR: £536m +8.0% H1 2026 H1 2026 LFL NR growth Volume +2.0% NR £235m (3.9)% Price/mix NR: £1,066m +5.9% AOP margin AOP margin
Slide 16: H1 AOP Margin Ahead of Expectations
HY RESULTS 2026 FINANCIAL REVIEW 16 H1 AOP MARGIN AHEAD OF EXPECTATIONS 24.6% +40bps 0bps (30)bps 23.6% (110)bps H1 2025 Group Essential Home Gross margin Net change in Marketing investment H1 2026 Core+MJN AOP margin divestment benefit fixed costs AOP margin Refer to adjusted measures presented wit
Slide 17: Fuel for Growth Programme Continues to Deliver Ahead of Plan
HY RESULTS 2026 FINANCIAL REVIEW 17 FUEL FOR GROWTH PROGRAMME CONTNUES TO DELIVER AHEAD OF PLAN Simplification Right size Automation & Digital & investment shared services generative AI Simplify our organisation for Refining scope and integrating Reduce cost and improve New opportunities for scale o
Slide 18: Fuel for Growth Mitigating Stranded Costs as Expected
HY RESULTS 2026 FINANCIAL REVIEW 18 FUEL FOR GROWTH MITIGATING STRANDED COSTS AS EXPECTED 2024 2025 H1 FY 2027 END OF 2026 2026 2027 FIXED H1 2025 IMPROVEMENT TARGET 20.0% TOWARDS TARGET COST1 BASE vs. 21.8% FY 2024 20.9% FY 2025 H1 2026 20.1% Expect higher % of NR Expect to fully <19% Total fixed c
Slide 19: Adjusted Diluted EPS – Reflects Essential Home Dilution
HY RESULTS 2026 FINANCIAL REVIEW 19 ADJUSTED DILUTED EPS – REFLECTS ESSENTIAL HOME DILUTION 168.4p 152.1p (0.8)p (21.7)p +3.0p (5.3)p +0.3p +8.2p H1 2025 Essential Home Vestacy transitional Core Reckitt & Tax and interest Share buyback FX H1 2026 dilution income & investment MJN operating profit & c
Slide 20: Continued Strong Cash Returns to Shareholders
HY RESULTS 2026 FINANCIAL REVIEW 20 CONTINUED STRONG CASH RETURNS TO SHAREHOLDERS FY DIVIDEND SHARE BUYBACK SPECIAL DIVIDEND TOTAL £822m c.£600m £1.6bn >£3bn Share repurchases From Essential Home Returned to Paid in H1 2026 in H1 2026 divestment shareholders in H1 2026 Refer to adjusted measures pre
Slide 21: Consistent Capital Allocation Policy
HY RESULTS 2026 FINANCIAL REVIEW 21 CONSISTENT CAPITAL ALLOCATION POLICY Investment Progressive Target Manage Return in organic dividend single-A the portfolio cash to growth policy credit rating for value shareholders Leverage around 2x creation
Slide 22: Cash Conversion, Leverage and Dividend
HY RESULTS 2026 FINANCIAL REVIEW 22 CASH CONVERSION, LEVERAGE AND DIVIDEND FREE CASH FLOW DIVIDEND NET DEBT 42% +5% 2.5x 1 Free cash flow Interim Net debt / conversion dividend adjusted EBITDA Refer to adjusted measures presented within the HY 2026 Results announcement. 1. Year end net debt benefite
Slide 23: 2026 Guidance Reiterated
HY RESULTS 2026 FINANCIAL REVIEW 23 2026 GUIDANCE REITERATED LFL NET REVENUE GROWTH CORE RECKITT MEAD JOHNSON NUTRITION +LSD% CORE + MJN ADJUSTED OPERATING PROFIT MARGIN TECHNICAL GUIDANCE Fuel for Growth is expected to largely offset the stranded £320m – £340m Adjusted net c.27% Adjusted effective
Slide 24: Confidence to Deliver
CONFIDENCE TO DELIVER Kris Licht Chief Executive Officer
Slide 25: Emerging Markets Driving Very Strong Growth
HY RESULTS 2026 CONFIDENCE TO DELIVER 25 EMERGING MARKETS DRIVING VERY STRONG GROWTH NET REVENUE PROFILE PRIORITIES £2.2bn NET REVENUE 44% of Core Reckitt Continuing penetration in mature categories net revenue Developing nascent categories TOP MARKETS MARKET LEADING BRANDS1 #1 #1 #1 #1 #1 Scaling u
Slide 26: Emerging Markets Broad-Based LFL NR Growth in Q2
HY RESULTS 2026 CONFIDENCE TO DELIVER 26 EMERGING MARKETS BROAD-BASED LFL NR GROWTH IN Q2 GREATER CHINA + NOA +DD SOUTH ASIA +HSD LATIN AMERICA +MSD MENARP -MSD ASEAN +HSD AFRICA +LSD Q2 2026 LFL NR growth rates. NOA = North Asia.
Slide 27: Shanghai Science and Innovation Centre
HY RESULTS 2026 CONFIDENCE TO DELIVER 27 SHANGHAI SCIENCE AND INNOVATION CENTRE COMMITTED INVESTMENT FOR LONG-TERM GROWTH
Slide 28: Europe Staying Competitive in a Low Growth Environment
HY RESULTS 2026 CONFIDENCE TO DELIVER 28 EUROPE STAYING COMPETITIVE IN A LOW GROWTH ENVIRONMENT NET REVENUE PROFILE PRIORITIES £1.7bn NET REVENUE 33% of Core Reckitt Trading up and premiumisation net revenue Category expansion through innovation TOP MARKETS MARKET LEADING BRANDS1 #1 #1 #1 #1 #1 Ensu
Slide 29: Gaviscon Double Action Expands to 20 European Markets
HY RESULTS 2026 CONFIDENCE TO DELIVER 29 GAVISCON DOUBLE ACTION EXPANDS TO 20 EUROPEAN MARKETS DOUBLE ACTION Consistent activation strategy STRONG GROWTH AND 8 MARKETS HIT RECORD MARKET SHARE MARKET SHARE PERFORMANCE vs YA DRIVING GROWTH +9% GAVISCON Europe +320bps +260bps +130bps +130bps IN SELF CA
Slide 30: North America Expanding Iconic Powerbrands
HY RESULTS 2026 CONFIDENCE TO DELIVER 30 NORTH AMERICA EXPANDING ICONIC POWERBRANDS NET REVENUE PROFILE PRIORITIES £1.2bn NET REVENUE 23% of Core Reckitt Expand premium categories net revenue Customer centric growth TOP MARKETS MARKET LEADING BRANDS1 #1 #2 #2 Consistent US Canada operational excelle
Slide 31: Category Creation: Mucinex 12HR Cold & Fever Activation
HY RESULTS 2026 CONFIDENCE TO DELIVER 31 CATEGORY CREATION MUCINEX 12HR COLD & FEVER ACTIVATION Education Up to 9 facings Floorstands and end caps in stores Incremental HSD–DD% distribution Early launch growth TDP growth across retailers July & August TDP = total distribution points.
Slide 32: Digital Science Is Live
HY RESULTS 2026 CONFIDENCE TO DELIVER 32 DIGITAL SCIENCE IS LIVE EMBEDDED ACROSS ALL 11 POWERBRANDS SPEED SCALE SUPERIORITY Up to 70% time savings1 on c.25%2 increase in Innovation pipeline net lower-added-value tasks project size year-on-year revenue >1.5x vs. 3 years ago 10,000 virtual Over 650 Wr
Slide 33: Our Next Event: Reckitt Focus On North America
OUR NEXT EVENT 33 RECKITT FOCUS ON: NORTH AMERICA Jérôme Lemaire President North America Register now: Date: 19 November 2026 Location: New Jersey FOCUS ON: NORTH AMERICA | Reckitt.com
Slide 34: Medium-Term Ambition Core Reckitt
HY RESULTS 2026 CONFIDENCE TO DELIVER 34 CONFIDENCE TO DELIVER MEDIUM-TERM AMBITION CORE RECKITT EARNINGS LFL net revenue growth Deliver long-term, Emerging Markets at sustainable EPS growth high single-digit % and value creation for shareholders
Slide 35: Thank You
THANK YOU