Rentokil Initial Plc · LSE:RTO
Rentokil Initial — Q1 2024 Earnings Presentation
7 slides from Rentokil Initial's earnings presentation, Apr 18, 2024
Slide 1: First Quarter Results 2024
First Quarter Results 2024 Global Leader in Pest Control and Hygiene & Wellbeing Services 18 April 2024 1
Slide 2: Cautionary statement
Cautionary statement In order to utilise the ‘safe harbour’ provisions of the U.S. Private Securities Litigation Reform Act of 1995 (the “PSLRA”) and the general doctrine of cautionary statements, Rentokil Initial plc (“the Company”) is providing the following cautionary statement: This communicatio
Slide 3: Q1 2024 Highlights
Q1 2024 | Highlights £1.29bn +3.1% +1.5% +6.2% REVENUE ORGANIC REVENUE GROWTH NORTH AMERICA ORGANIC EUROPE INC. LATAM ORGANIC GROWTH OF 4.9% REVENUE GROWTH REVENUE GROWTH +4.1% +4.3% +7.3% £45m UK & SUB-SARAHAN AFRICA ASIA ORGANIC REVENUE PACIFIC ORGANIC REVENUE ACQUIRED BOLT-ON REVENUE ORGANIC REVE
Slide 4: North America Growth Plan Underway
Q1 2024 | North America North America Growth Plan Underway • Organic Revenue growth performance stabilised, +1.5%. • Pest Control +1.5%. Pest Control services +1.0%. THE RIGHT WAY 2 Organic Growth Plan: • North America colleague retention +1.5ppts to 76.7%. • Largest improvement in sales colleague r
Slide 5: Terminix Integration – Tracking to Plan
Q1 2024 | North America Terminix Integration – Tracking to Plan • Phase 2 of integration (preparation for full route and branch integration) well advanced. • Completion of the merger of the Rentokil and Terminix legal entities – a critical enabler of future integration activities. • Go live of the n
Slide 6: Summary
Q1 2024 | Summary Positive overall start to the year • Revenue +4.9%, Organic Revenue +3.1%. Pricing continued to offset inflationary costs. North America organic growth stabilised. Early initiatives of RIGHT WAY 2 plan underway • Positive trends in quality of digital lead flow, technician leads par
Slide 7: Questions
First Quarter Results 2024 Global Leader in Pest Control and Hygiene & Wellbeing Services Questions 7