Diageo Plc · LSE:DGE
Diageo — Investor Day (August 2026)
14 slides from Diageo's investor day presentation, Aug 6, 2026
Slide 1: Guinness Investment
Capital Markets Day Guinness Investment Grainne Wafer, Global Category Director, Guinness 6 August 2026
Slide 2: Cautionary statements concerning forward-looking statements and non-GAAP financial measures
2 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: Guinness 3-years profitable growth +13%; ROIC c.30%
Guinness 3-years profitable growth +13%; ROIC c.30% Global Premium Beer 1 Strong growth and share gains +22% NSV CAGR F26 RSV L3Y Growth 3Y Forecast 2 3 $136bn 5% c.1-3% India 17% CAGR +221 bps share 4 APAC 1% LAC 11% +8% NSV CAGR 3 NAM 0% +248 bps share 5 +8% NSV CAGR3 EMEA 6% +27 bps share4 1. Ind
Slide 4: Significant headroom in both core and new markets
Significant headroom in both core and new markets 3 core markets 67% of Guinness NSV1 Guinness: Countries with Top 10 position in Premium Beer Guinness Premium Beer position2 Top 3 Top 10 4 1. Diageo F26 financials. 2. IWSR RSV 2025 (excl. Russia), Premium+ beer value share position. US #12
Slide 5: Three operating models provide flexibility and profitable growth
Three operating models provide flexibility and profitable growth 1 2 3 Third Party Diageo Direct Third Party Licensed to Market Distribution with Royalties 5
Slide 6: Direct to Market c.70% sales, investing in commercial and RTM
Direct to Market c.70% sales, investing in commercial and RTM 1 Production Finished goods from Ireland • Guinness 0.0, innovation & Draught growth Diageo Direct • Outlet coverage +10%3 to Market Distribution • 4x sales staff; higher call-rate3 • On-trade distribution +12%4 Key markets GB, Ireland, N
Slide 7: Third party distribution; enhanced partnership agreements
Third party distribution; enhanced partnership agreements 2 Production Finished goods from Ireland • Significant opportunity to optimise specific partnership agreements, Third Party including: Partners Distribution Distribution — Distribution — Consumer pricing — Commercial execution Key markets Eur
Slide 8: Third party licensing; proven asset light model for market expansion
Third party licensing; proven asset light model for market expansion 3 Made by partners Production • Significant part of the global market is under license Third Party under-served or un-served Licensed Partners with Royalties • Model provides ability to leverage Distribution partners’ distribution
Slide 9: 3 operating models support significant global expansion
3 operating models support significant global expansion Guinness Route to Market Model Direct to Market 3rd party distribution 3rd party licensed with royalties 9 Based on pro forma with EABL moving to Royalty model
Slide 10: Guinness capacity: >50% increase from F26-F29; potential for more
Guinness capacity: >50% increase from F26-F29; potential for more Overall Guinness Beer Capacity Option to acquire land for further mHL, CAGRs Littleconnell expansion1 Littleconnell Phase 2 online Phase 1 online +24% 15.7 +25% 12.7 12.7 0.0 +24% +8% 10.2 10.2 7.6 8.2 8.2 8.2 Guinness & Other beer F2
Slide 11: Investing just under $1bn capex over F26-F30 to support growth
Investing just under $1bn capex over F26-F30 to support growth Guinness capex spend to F30 Littleconnell phase 2 $340m Packaging $240m 0.0 Processing $90m Supply total $670m RTM Investment1 $125m Other capex2 $125m Grand total $920m 11 1. E.g. Kegs & Taps. 2. Includes Land, Brand Homes, other
Slide 12: Innovation a further growth driver
Innovation a further growth driver 0.0 Microdraught & Nitrosurge • Scaling Draught 0.0 • Nitrosurge: owned by 1 in 4 in Irish • Guinness capacity expansion supports households, opportunities to grow elsewhere additional growth • Microdraught: unlocks distribution in smaller on-trade outlets 12
Slide 13: Nitrosurge Tap
Nitrosurge Tap
Slide 14: Diageo
DIAGEO