Colgate-palmolive Company · NYSE:CL
Colgate-palmolive — Q3 2024 Earnings Presentation
29 slides from Colgate-palmolive's earnings presentation, Oct 25, 2024
Slide 1: Colgate-Palmolive Company 3Q 2024 Earnings Presentation
COLGATE-PALMOLIVE COMPANY 3Q 2024 EARNINGS PRESENTATION OCTOBER 25, 2024
Slide 2: Notice for Investor Presentation
October 2024 Notice for Investor Presentation Please review the following third quarter 2024 earnings presentation in conjunction with our third quarter 2024 earnings press release, our third quarter 2024 prepared management remarks, our third quarter 2024 Quarterly Report on Form 10-Q and additiona
Slide 3: Colgate-Palmolive
COLGATE-PALMOLIVE We are a $19.5B 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 strong results and 2024 expectations
“Our strong results this quarter and year to date add to our confidence that we are executing the right strategies to deliver on our updated 2024 organic sales and Base Business earnings growth expectations, drive cash flow and generate consistent, compounded earnings per share growth.” - Noel Walla
Slide 7: 3Q 2024 Highlights
3Q 2024 HIGHLIGHTS ● Net sales grew 2.4%, Organic sales* grew 6.8%, with balanced volume and pricing growth ● Every operating division delivered positive volume growth for the second consecutive quarter as we work to build household penetration ● Base Business Gross profit margin* increased 270 basi
Slide 8: 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 9: 2024 Guidance - GAAP
2024 Guidance* - GAAP ● Net sales growth guidance updated to 3% to 5% (versus 2% to 5% previously) including a mid-single-digit negative impact from foreign exchange ● Gross profit margin still expected to be up for the year ● Advertising still expected to be up both on a dollar basis and as a perce
Slide 10: 2024 Guidance - Non-GAAP/Base Business
2024 Guidance* - Non-GAAP/Base Business ● Organic sales growth guidance updated to 7% to 8% (versus 6% to 8% previously) ● Gross profit margin still expected to be up for the year ● Advertising still expected to be up both on a dollar basis and as a percentage of net sales ● Base Business EPS growth
Slide 11: Raw & Packaging Materials
RAW & PACKAGING MATERIALS ● We still expect raw and packaging material costs to increase modestly in 2024, predominantly driven by a year-over-year increase in the transactional impact of foreign exchange ● Strong funding-the-growth savings are more than offsetting these higher costs
Slide 12: Driving Operating Leverage & Cash Flow
DRIVING OPERATING LEVERAGE & CASH FLOW ● Revenue growth management aiding pricing ● Driving strong funding-the-growth savings ● Delivering savings through our 2022 Global Productivity Initiative ● Generating strong operating cash flow to fund dividends and share repurchases ● Return on capital up mo
Slide 13: Driving Growth Through Science-Led, Core and Premium Innovation
DRIVING GROWTH THROUGH SCIENCE-LED, CORE AND PREMIUM INNOVATION
Slide 14: 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 ~$350 EVERYDAY AT HOME WHITENING PROFESSIONAL
Slide 15: Next Generation of the Optic White Overnight Pen
NEXT GENERATION OF THE OPTIC WHITE OVERNIGHT PEN Same powerful whitening performance powered by hydrogen peroxide – now designed with a sleek, easy-to-use applicator for precision and convenience ● Eliminates priming New brush ● Automatic dosing applicator ● Smooth application
Slide 16: Driving Market Share Gains in Whitening
DRIVING MARKET SHARE GAINS IN WHITENING Colgate Brand Top 8 Markets +270 +260 WILL REPLACE WITH UPDATED CHART AND STYLE +170 +70 +50 Change in Basis Points YOY Source: Worldview through Aug 2024
Slide 17: Driving Global Market Share in Toothpaste
DRIVING GLOBAL MARKET SHARE IN TOOTHPASTE Worldwide Toothpaste Market Share in US$ Source: Worldview through Aug 2024
Slide 18: Colgate Total Active Prevention LATAM Rollout
COLGATE TOTAL ACTIVE PREVENTION LATAM ROLLOUT Through clinically proven and potent efficacy, preventing oral health problems before they start.
Slide 19: Colgate MaxFresh Relaunch in India
COLGATE MAXFRESH RELAUNCH IN INDIA ● New Xtra fresh formula powered with breakthrough cooling technology ● 10X longer lasting cooling formula* ● Fastest growing core sub-brand in India ● New formula now rolling out in the Philippines and Vietnam * vs regular fluoride toothpaste
Slide 20: Brazil elmex Pharmacy Launch
Brazil elmex PHARMACY LAUNCH Toothpaste • Fastest growing brand in Value Growth Total Drugstores drugstores in Brazil in the Brazil (SeptYTD23 vs toothpaste sensitivity segment SeptYTD24) Toothpaste Sensitivity Segment Source: Nielsen Retail Index T. Drugstores YTD Sept 24 Value sales
Slide 21: hello Vitamin C Toothpaste
hello VITAMIN C TOOTHPASTE ● Daily-use whitening toothpaste ● Patent-pending ● Fastest-growing toothpaste brand in the U.S.
Slide 22: 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 23: 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 24: Sanex Zero Relaunch
SANEX ZERO RELAUNCH • Clinically proven • Hypoallergenic • New Sanex zero% for sensitive skin • Recommended by dermatologists
Slide 25: Palmolive Naturals Relaunch - Europe
PALMOLIVE NATURALS RELAUNCH - Europe • Nourishes skin • With Vitamin E • Fragrances inspired by nature • 95% natural origin ingredients
Slide 26: Soupline Expanding into New Forms and Adjacencies
SOUPLINE EXPANDING INTO NEW FORMS AND ADJACENCIES ● Unit-Dose Tablets ● Scent Boosters ● Fabric Refresher Sprays
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 through Sept 2024 * vs non-concentrated Fabuloso Original ** by following dosing instructions and gettin
Slide 28: Science Diet Variety Packs Driving Trial and Growth
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 US
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
Colgate-Palmolive Company — Q3 2024 Earnings Presentation on 6ix