Colgate-palmolive Company · NYSE:CL
Colgate-palmolive — Q4 2024 Earnings Presentation
30 slides from Colgate-palmolive's earnings presentation, Jan 31, 2025
Slide 1: Colgate-Palmolive 4Q & Full Year 2024 Earnings Presentation
COLGATE-PALMOLIVE COMPANY 4Q & FULL YEAR 2024 EARNINGS PRESENTATION JANUARY 31, 2025
Slide 2: Notice for Investor Presentation
January 2025 Notice for Investor Presentation Please review the following fourth quarter and full year 2024 earnings presentation in conjunction with our fourth quarter and full year 2024 earnings press release, our fourth quarter and full year 2024 prepared management remarks and additional informa
Slide 3: Colgate-Palmolive
COLGATE-PALMOLIVE We are a $20.1B global consumer products company with ~34,000 diverse and dedicated people serving over 200 countries and territories. As a caring, innovative growth company, we are united behind our purpose: reimagining a healthier future for all people, their pets and our planet.
Slide 4: Tightly Focused on Four Attractive Core Categories
TIGHTLY FOCUSED ON FOUR ATTRACTIVE CORE CATEGORIES
Slide 5: Oral Care, Pet Nutrition, Personal Care, Home Care
ORAL CARE PET NUTRITION PERSONAL CARE HOME CARE
Slide 6: CEO quote on growth momentum and EPS growth
“The quality of our results this year and our strong growth momentum add to our confidence that we are well positioned to deliver consistent, compounded earnings per share growth in 2025 and beyond.” - Noel Wallace, Chairman, President and Chief Executive Officer
Slide 7: 2024 Highlights
2024 HIGHLIGHTS ● Net sales exceeded $20 billion for the first time ● Organic sales* increased 7.4% (including a 0.5% negative impact from lower private label pet volume), ahead of initial guidance ● Every category and operating division delivered positive volume growth for the full year as we work
Slide 8: 4Q 2024 Highlights
4Q 2024 HIGHLIGHTS ● Net sales were roughly even with the year ago quarter ● Organic sales* grew 4.3% (including a 0.5% negative impact from lower private label pet volume), with balanced volume and pricing growth ● Every operating division delivered positive volume growth for the third consecutive
Slide 9: Delivering Strong Organic Sales Growth
DELIVERING STRONG ORGANIC SALES GROWTH Organic Sales Growth % } Target Range 3-5% Non-GAAP Historical numbers have been recast to reflect 2024 update to rounding convention
Slide 10: 2025 Guidance - GAAP
2025 Guidance* - GAAP ● Net sales growth expected to be roughly flat, including a mid-single-digit negative impact from foreign exchange ● Gross profit margin expected to be up for the year ● Advertising expected to be flat to slightly up on both a dollar basis and as a percent of net sales ● GAAP E
Slide 11: 2025 Guidance - Non-GAAP/Base Business
2025 Guidance* - Non-GAAP/Base Business ● Organic sales growth expected to be within our long-term targeted range of 3% to 5%, including the impact of the planned exit from private label pet nutrition over the course of 2025 ● Gross profit margin expected to be up for the year ● Advertising expected
Slide 12: Raw & Packaging Materials
RAW & PACKAGING MATERIALS ● We expect raw and packaging material costs to increase modestly in 2025, driven by slightly higher commodity prices and the impact of transactional foreign exchange. ● This guidance does not include any incremental impact from tariffs. If new tariffs are announced, we wil
Slide 13: Driving Operating Leverage & Cash Flow
DRIVING OPERATING LEVERAGE & CASH FLOW ● Revenue growth management aiding pricing as inflationary pricing recedes ● Driving strong funding-the-growth savings ● Generating strong operating cash flow to fund dividends and share repurchases ● Return on capital up 760 basis points* to 35.9%** *vs Decemb
Slide 14: Driving Growth Through Science-Led, Core and Premium Innovation
DRIVING GROWTH THROUGH SCIENCE-LED, CORE AND PREMIUM INNOVATION
Slide 15: Colgate's Chair to Sink Whitening Portfolio
COLGATE’S “CHAIR TO SINK” WHITENING PORTFOLIO MOUTHWASH TOOTHBRUSH TOOTHPASTE OVERNIGHT PEN EXPRESS PEN COMFORT FIT LED PROFESSIONAL PROFESSIONAL TAKE-HOME IN-OFFICE $4-10 $20 $25 $50 ~$200 ~$350 EVERYDAY AT HOME WHITENING PROFESSIONAL
Slide 16: Next Generation of the Optic White Overnight Pen
NEXT GENERATION OF THE OPTIC WHITE OVERNIGHT PEN Same powerful whitening performance powered by hydrogen peroxide – now designed with a sleek, easy-to-use applicator for precision and convenience ● Eliminates priming New wand ● Automatic dosing applicator ● Smooth application
Slide 17: Driving Market Share Gains in Whitening
DRIVING MARKET SHARE GAINS IN WHITENING Colgate Brand Top 8 Markets +270 +260 WILL REPLACE WITH UPDATED CHART AND STYLE +120 +70 +50 Change in Basis Points YOY Source: Worldview through Nov 2024
Slide 18: Driving Global Market Share in Toothpaste
DRIVING GLOBAL MARKET SHARE IN TOOTHPASTE Worldwide Toothpaste Market Share in US$ Source: Worldview through Nov 2024
Slide 19: Colgate Total Active Prevention Global Rollout
COLGATE TOTAL ACTIVE PREVENTION GLOBAL ROLLOUT Through clinically proven and potent efficacy, preventing oral health problems before they start
Slide 20: Colgate MaxFresh Relaunch in Asia
COLGATE MAXFRESH RELAUNCH IN ASIA ● New Xtra fresh formula powered with breakthrough cooling technology ● 10X longer lasting cooling formula* ● Fastest growing core sub-brand in India * vs regular fluoride toothpaste
Slide 21: elmex Sensitivity+Gum
elmex SENSITIVITY+GUM • Innovation strengthening our presence in the sensitivity segment • elmex is now the #1 toothpaste brand recommended by dentists for sensitivity in Germany and #3 in Brazil Source: Based on BRMO dentist studies conducted in the relevant markets
Slide 22: hello Vitamin C Toothpaste
hello VITAMIN C TOOTHPASTE ● Daily-use whitening toothpaste ● Patent-pending ● Fastest-growing toothpaste brand in the U.S. Source: Nielsen data
Slide 23: EltaMD Driving Reach in Sunscreen
EltaMD DRIVING REACH IN SUNSCREEN ● Designed for and tested on deeper skin tones ● Featuring Invisible Blend Technology, a patent-pending blend that rubs in sheer with no white cast
Slide 24: Innovation to Drive Body Wash Growth in Brazil
INNOVATION TO DRIVE BODY WASH GROWTH IN BRAZIL * ● Hyper hydration for protected and soft skin ● Strong digital, influencer & in store support *Deeply *Deeplyhydrates thethe hydrates skinskin
Slide 25: Sanex Zero Relaunch
SANEX ZERO RELAUNCH • Clinically proven • Hypoallergenic • Recommended by dermatologists
Slide 26: Palmolive Naturals Relaunch - Europe
PALMOLIVE NATURALS RELAUNCH - Europe • Nourishes skin • With Vitamin E • Fragrances inspired by nature • 95% natural origin ingredients
Slide 27: Fabuloso 2X Concentrated Formula
FABULOSO 2X CONCENTRATED FORMULA More Concentrated Fabuloso US Market Share Formula* ● 2X more active ingredients* ● Provides 2X more uses in the same bottle* ● 50% less plastic** Source: Nielsen * vs non-concentrated Fabuloso Original ** by following dosing instructions and getting twice as many us
Slide 28: Hill's Science Diet Variety Packs
HILL’S SCIENCE DIET VARIETY PACKS DRIVING TRIAL AND GROWTH ● Allowing pet parents to try new products and flavors in a convenient way ● Driving incremental consumption volume in the U.S.
Slide 29: Hill's Prescription Diet z/d Low Fat
HILL’S PRESCRIPTION DIET Z/D LOW FAT ● Therapeutic nutrition to help manage food and fat sensitivities and promote healthy skin ● Hill’s first low-fat diet in the derm category ● Available in dry and wet formulas for dogs
Slide 30: Hill's Science Diet Sensitive Stomach & Skin Puppy & Kitten
HILL’S SCIENCE DIET SENSITIVE STOMACH & SKIN PUPPY & KITTEN ● Specially formulated for puppies and kittens ● Unique nutrition delivering highly digestible food that is gentle on the stomach ● Featuring salmon, a highly sought after protein by pet parents
Colgate-Palmolive Company — Q4 2024 Earnings Presentation on 6ix