Slide 1: Full Year Results 2024
reckitt = FULL YEAR RESULTS 2024
Slide 2: Disclaimer
FY 2024 RESULTS DISCLAIMER Cautionary note concerning forward-looking statements This announcement contains statements with respect to the financial condition, results of operations and business of Reckitt Benckiser Group plc and the Reckitt group of companies (the “Group") and certain of the plans
Slide 3: 2024 Highlights
Q reckitt 2024 HIGHLIGHTS Kris Licht Chief Executive Officer
Slide 4: We're Executing Our Plan
2024 HIGHLIGHTS WE'RE EXECUTING OUR PLAN 1 2 3 4 Strengthened Increased Simplified Fuel for Growth innovation platforms investment organisation delivering
Slide 5: Good Earnings Growth, Strong Cash
FY 2024RESULTS — 2024 HIGHLIGHTS GOOD EARNINGS GROWTH, STRONG CASH Adjusted operating Adjusted diluted Cash returns to profit! earnings per share shareholders £14,169m £3,475m 349.0 —«£2,709m 10% = -BB% 7.9% = +75.2% Net revenue
Slide 6: Non-Core Updates
2024 HIGHLIGHTS NON-CORE UPDATES Essential Home 22 Seasoned leadership team appointed & Separation work underway eal On track to exit by the end of 2025 Continue to consider all strategic options for MJN CO Mead Johnson Nutrition
Slide 7: Our Strategic Priorities Are Driving Growth
FY 2024RESULTS 2024 HIGHLIGHTS OUR STRATEGIC PRIORITIES ARE DRIVING GROWTH applying three clear principles e Product superiority to delight consumers and by more consistently grow our categories executing with excellence © Fixed cost optimisation to fuel growth and earnings
Slide 8: Financial Review
FINANCIAL REVIEW Shannon Eisenhardt Chief Financial Officer
Slide 9: A Year of Delivery
FINANCIAL REVIEW A YEAR OF DELIVERY LFL net revenue growth +1.4% T Volume: -0.6% Price / mix: +2.0% Adjusted diluted earnings per share +1.9h T FY 2024: 349.0p Gross profit margin 60.7% T +70bps Free cash flow p2 230m Refer to adjusted measures presented within the FY 2024 Results announcement. Adju
Slide 10: Volume Trends - Continued Sequential Improvement
RAL USAG ID FINANCIAL REVIEW VOLUME TRENDS - CONTINUED SEQUENTIAL IMPROVEMENT Sequential improvement, Broad-based growth Normalising from back to growth offset by seasonal OTC ongoing rebasing of US ex seasonal ex seasonal +2.5% +2.9% +2.7% +0.9% CL] (0.2)% (0.4)% (9.0)% H124 H2 24 H124 He 24 H124 H
Slide 11: Hygiene Overview
TSAR FINANCIAL REVIEW HYGIENE OVERVIEW (— >) Hygiene FY net revenue £6,140m Q4: £1,555m FY LFL NR growth +4.2% Q4: +5.5% FY volume FY price/mix +1.8% +2.4% Q4: +4.4% Q4: +1.1% Ne S Broad-based net revenue growth @' @r Europe North America Developing Markets Refer to adjusted measures presented withi
Slide 12: Health Overview
RAL USA GD FINANCIAL REVIEW HEALTH OVERVIEW (— \ Health FY net revenue £5,882m Q4: £1,465m FY LFL NR growth 0 +2.1% Q4: +2.4% FY FY price / volume mix “0.3% +2.4% Q4: -2.1% QA: +4.5% XN S Strong growth ex seasonal OTC Volume 15.3% +2.5% Volume 18.0% +2.5% Refer to adjusted measures presented within
Slide 13: Nutrition Overview
FINANCIAL REVIEW NUTRITION OVERVIEW la XQ Nutrition FY net revenue £2,147m Q4: £527m FY LFL NR growth “1.3% e 0 Q4: +8.4% FY volume AM Q4: +5.3% 0.2% Q4: +3.1% FY price/mix ~ wv, Rebasing of US market shares coming to an end Reckitt US Nutrition non-WIC value share! Jan 21 Dec 24 38% 36% 51% 47% 38%
Slide 14: AOP Growth Ahead of NR Growth Across All GBUs
FINANCIAL REVIEW AOP GROWTH AHEAD OF NR GROWTH ACROSS ALL GBUS ( >) Group Hygiene Health Nutrition LFL NR growth LFL NR growth LFL NR growth LFL NR growth +1.4% +4.2% +2.1% “1.3% Adjusted operating Adjusted operating Adjusted operating Adjusted operating profit growth! profit growth! profit growth!
Slide 15: GM Expansion and Fixed Cost Savings Drive AOP Margin Expansion
FINANCIAL REVIEW GM EXPANSION AND FIXED COST SAVINGS DRIVE AGP MARGIN EXPANSION +90bps -30bps 24.2% FY 2023 AOP Gross margin Fixed costs Marketing investment’ FY 2024 AOP Mount Vernon tornado FY 2024 AOP (MVT) impact ex MVT impact Refer to adjusted measures presented within the FY 2024 Results annou
Slide 16: Fuel for Growth Enhanced Cost Optimisation Programme
FINANCIAL REVIEW FUEL FOR GROWTH ENHANCED COST OPTIMISATION PROGRAMME Focus areas Expansion and New organisation for fixed cost acceleration and operating optimisation of programme model in place announced 2025 | 2025 Target © Target o} Fixed 2024 2025+ 200bps 300bps 20.9% Steady improvement towards
Slide 17: Fuel for Growth Delivering Early Benefits
FY 2024RESULTS FINANCIAL REVIEW FUEL FOR GROWTH DELIVERING EARLY BENEFITS. gr Simplification Simplify our organisation for scale opportunities + Streamlined functional structure + Removal of semi-autonomous GBUs + Reduction in management layers + More unified go-to-market approach a Automation & sha
Slide 18: Adjusted Diluted EPS - Underpinned by Operating Profit Growth
FINANCIAL REVIEW ADJUSTED DILUTED EPS - UNDERPINNED BY GROWTH IN OPERATING PROFIT +8.0p +8.0p ~ EE Dn P| (20.6)p 349.0p FY 2023 Net revenue an id Tax and interest’ Share buyback FX FY 2024 Actual
Slide 19: Increase in Cash Returns to Shareholders
TSAR FINANCIAL REVIEW +79% INCREASE IN CASH RETURNS T0 SHAREHOLDERS Free cash flow 91% OQ) Free cash flow conversion Net debt 2.0X ¥F Net debt / adjusted EBITDA Dividend 0% °, Ss. Dividend paid Share buyback £1.3bn G Shares repurchased
Slide 20: Capital Allocation Framework
FINANCIAL REVIEW CAPITAL ALLOCATION FRAMEWORK All Investment in organic growth Ss Progressive dividend policy @ Target single-A credit rating (leverage around 2x) ¥=| Manage the portfolio for value creation Rex Return cash to shareholders oO ° . . . <> Wewwillreturn surplus cash to shareholders, inc
Slide 21: Three Reporting Segments
FY 2024RESULTS FINANCIAL REVIEW THREE REPORTING SEGMENTS O@@ ESSENTIAL HOME @ Emerging North Markets America
Slide 22: Core Reckitt - High Growth, High Margin
FY 2024RESULTS FINANCIAL REVIEW CORE RECKITT - HIGH GROWTH, HIGH A ESSENTIAL HOME 3-YR LFL net revenue CAGR' +9.0% Gross profit 6 2 o% margin e 0 Adjusted operating 0 profit margin? e 0
Slide 23: 2025 Guidance
FY 2024RESULTS FINANCIAL REVIEW 2025 GUIDANCE LFL net revenue growth Adjusted operating profit oS Adjusted operating profit growth +2% 10 +8% -O— ahead of net revenue growth +L8D% a Group £350 ~ 370m 25-26% 3-4% ~~ Adjusted net Adjusted Capex as % of finance expense tax rate net revenue Adjusted EPS
Slide 24: Kris Licht, Chief Executive Officer
STRATEGIC UPDATE & OUTLOOK Kris Licht Chief Executive Officer
Slide 25: Our Strategic Priorities Are Driving Growth
FY 2024RESULTS STRATEGIC UPDATE & OUTLOOK OUR STRATEGIC PRIORITIES ARE DRIVING GROWTH applying three clear principles e Product superiority to delight consumers and by more consistently grow our categories executing with excellence © Fixed cost optimisation to fuel growth and earnings
Slide 26: Progress Towards Our Strategic Priorities
ATA STRATEGIC UPDATE & OUTLOOK PROGRESS TOWARDS OUR STRATEGIC PRIORITIES als Vv Portfolio value creation applying three clear principles
Slide 27: Moving to a More Focused Business Driven by Powerbrands
PUT SAR STRATEGIC UPDATE & OUTLOOK MOVING T0 A MORE FOCUSED BUSINESS DRIVEN BY OUR POWERBRANDS CORE RECKITT \ (* va Py ~ ZI ry 9 e oF all ye z driving >80% of THREE GEOGRAPHIC AREAS TER REMAN e @ “o=s lol e1 Emerging Europe 39% 35%
Slide 28: Progress Towards Our Strategic Priorities: Product Superiority
ATA STRATEGIC UPDATE & OUTLOOK PROGRESS TOWARDS OUR STRATEGIC PRIORITIES 4 vu Product superiority to delight consumers and grow our categories
Slide 29: We Create and Grow Intensity
FY 2024RESULTS STRATEGIC UPDATE & OUTLOOK WE CREATE AND GROW INTENSITY Mucinex) — SORE THROAT 29
Slide 30: Shared Innovation Platforms Accelerating Growth
FY 2024RESULTS STRATEGIC UPDATE & OUTLOOK SHARED INNOVATION PLATFORMS ACCELERATING GERM PROTECTION GROWTH Lysol and Dettol Laundry Sanitizer E¢. 1) (yj ¢.£300m KILLS 99.9% of viruses & bacteria all >10% detergents leave behind NR CAGR? | > 10% household penetration? Leveraging trusted disinfection e
Slide 31: Mucinex Leveraging Powerful Equity to Launch Superior Innovations
FY 2024RESULTS STRATEGIC UPDATE & OUTLOOK MUCINE LEVERAGING POWERFUL EQUITY TO LAUNCH SUPERIOR INNOVATIONS Fast Max Menthol flavoured cold & flu liquid Unlock a new day part in the cold & flu category Mucinex Sinus InstaSoothe Mucinex 2-in-1 saline Sugar-free nasal spray cough lozenges Only saline U
Slide 32: Durex - A Category Defining Brand
FY 2024RESULTS STRATEGIC UPDATE & OUTLOOK DUREX - A CATEGORY DEFINING BRAND The very best Protection More than Protection ant (3 N = ot Gite — Natural rubber Polyurethane Hyaluronic Benzocaine Nitrile latex condoms condoms acid condoms condoms condoms Strong Thinner Enhanced Performance Sensation an
Slide 33: Finish Ultimate Infinity Shine
FY 2024 RESULTS STRATEGIC UPDATE & OUTLOOK ©GDgoseet Clean Shine Fast Dish Décor Burnt-on Right Dissolving Protection Stains* Ingredient, Right time** ULTIMATE 2ay INFINITY SHINE ULTIMATE INFINITY SHINE ff « = Lee QUANTUM INFINITY SHINE = finish) ULTIMATE | ee * Tackles burnt-on stains “* Ingredient
Slide 34: Reckitt Focus On: Unified Global Category Organisation
PUT SAR STRATEGIC UPDATE & OUTLOOK @ RECKITT FOCUS ON: UNIFIED GLOBAL CATEGORY ORGANISATION RYAN DULLEA Chief Category Growth Officer Date: 29 May 2025 Location: London
Slide 35: Progress Towards Our Strategic Priorities: Win in Market
ATTA STRATEGIC UPDATE & OUTLOOK PROGRESS TOWARDS OUR STRATEGIC PRIORITIES } Win in market to fuel growth and earnings
Slide 36: Emerging Markets - Driving Growth
PUT SAR STRATEGIC UPDATE & OUTLOOK EMERGING MARKETS - DRIVING GROWTH Net revenue profile Robust supply footprint 3970 of Core Reckitt net revenue ° iS revenue + Self Care * Germ Protection = Household Care «= Intimate Wellness: Market leading brands! ee- e- 81% Produced locally? 94% Produced locally
Slide 37: Europe - A Distinct Competitive Edge
PUT SAR STRATEGIC UPDATE & OUTLOOK EUROPE - A DISTINCT COMPETITIVE EDGE Net revenue profile 30/0 Robust supply footprint of Core Reckitt 5 net revenue 73% Produced locally across , the region? £3.5bn net revenue A Sd + self care Germ Protection “4 = Household Care «Intimate Wellness Market leading b
Slide 38: North America - Building Iconic Powerbrands
PUT SAR STRATEGIC UPDATE & OUTLOOK NORTH AMERICA - BUILDING ICONIC POWERBRANDS Net revenue profile Robust supply footprint Top markets of Core Reckitt net revenue net revenue Canada + Self Care * Germ Protection = Household Care «= Intimate Wellness: Market leading brands! President Jéréme Lemaire e
Slide 39: 2025 Guidance and Medium Term Outlook
FY 2024RESULTS STRATEGIC UPDATE & OUTLOOK 2025 GUIDANCE MEDIUM TERM OUTLOOK LFL net revenue growth LFL net revenue growth +L$D% +2%10+4% Essential Home Group Adjusted operating profit Adjusted EPS Adjusted operating Deliver another year . . profit growth ahead of of EPS growth Deliver long term, sus
Slide 40: AAT SRK
AAT SRK STRATEGIC UPDATE & OUTLOOK
Slide 41: Reckitt
reckitt