Diageo Plc · LSE:DGE
Diageo — Investor Day (August 2026)
8 slides from Diageo's investor day presentation, Aug 6, 2026
Slide 1: Capital Deployment
Capital Markets Day Capital Deployment Ewan Andrew, Chief Supply Chain Officer 6 August 2026 1
Slide 2: Cautionary statements concerning forward-looking statements and non-GAAP financial measures
Cautionary statements concerning forward-looking statements and non-GAAP financial measures The following presentation contains ‘forward-looking’ statements. These statements can be identified by the fact that they do not relate only to historical or current facts and may generally, but not always,
Slide 3: Decisive action to optimise capacity and improve returns
Decisive action to optimise capacity and improve returns Delivering savings and $300m costs including impairment1, right-size to industry outlook working capital improvements Sites impaired Optimising capacity, reduction in footprint location2 SCOTCH 3 of 34 North America: • Annual P&L phasing: — c.
Slide 4: Annual capex held at c.$1.25bn through to F29
Annual capex held at c.$1.25bn through to F29 Annual capex allocation Resized capital base, disciplined allocation $1.25bn • Licence to Operate c.20% $1.25bn $1.25bn 13% • Capacity investments: 20% 20% Other 7% — Guinness (c.$0.9bn over 3 years) 4% 5% Cost reduction 11% 10% 9% Drive capability — Eur
Slide 5: Driving working capital efficiency: targeting <85 DIO by F28
Driving working capital efficiency: targeting <85 DIO by F28 Days inventory outstanding (DIO) Dynamic & disciplined inventory management Temporary build: 110 DIO ERP transition & Middle East conflict • Advanced planning and IBP transformation Each DIO day • Portfolio segmentation, harmonisation, SKU
Slide 6: Disciplined allocation to improve returns while protecting growth
Disciplined allocation to improve returns while protecting growth Disciplined Scotch, Competitive advantage maturing investments NAM Whiskies & Tequila Maturing stock Movement in maturing inventories F26, $8.5bn $m Other Tequila Other whisk(e)y c.$700m estimated F27 – F29 Scotch • Distillation scale
Slide 7: Improving service, cash flow & capital efficiency: ambition 98%+ OTIF
Improving service, cash flow & capital efficiency: ambition 98%+ OTIF Go-to-market Some progress operating model benefits On Time In Full (OTIF) Forecast historically overly optimistic • Integrated Business Planning 84% NAM bias, F26 7% 6% • Simplified & standardised KPIs Q4 F26 +5.5pp 1 3% • Focuse
Slide 8: DIAGEO
DIAGEO