Rentokil Initial plc (RTO) Q2 2026 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.793 -- 00:00:03.734 Good morning, ladies and gentlemen, and thank you for joining us. 00:00:03.734 -- 00:00:07.816 It's a pleasure to be with you. I look forward to speaking with many of you in the coming 00:00:07.816 -- 00:00:13.358 days ahead. In a few moments, Paul will provide you with details on our financial performance 00:00:13.358 -- 00:00:18.480 for the six months ending June 30. I'll then come back to provide my first 00:00:18.480 -- 00:00:22.861 impressions and priorities for growth before taking questions. 00:00:22.861 -- 00:00:27.003 Please note to ask a question today, you will need to dial the separate conference call 00:00:27.003 -- 00:00:31.824 number shown on our website or at the end of this presentation. 00:00:31.850 -- 00:00:36.893 I want to first thank our 65,000 colleagues we have at Rent2Kill that come to work 00:00:36.893 -- 00:00:42.677 every day with two simple goals. Keep each other safe and take care of our customers. 00:00:42.677 -- 00:00:45.258 And they do so to the best of their abilities. 00:00:45.258 -- 00:00:49.661 Our frontline truly are heroes and make me proud to be wearing the same jersey. 00:00:49.661 -- 00:00:54.164 For half one, the main headlines of an encouraging set of results are good financial 00:00:54.164 -- 00:01:00.008 performance with further progress on revenue and profit and strong free cash flow conversions. 00:01:00.008 -- 00:01:04.270 We are pleased with the acceleration of international growth in the second quarter with 00:01:04.270 -- 00:01:05.791 5.4% 00:01:05.791 -- 00:01:10.533 organic growth in pest control. And I was particularly pleased to see customer retention 00:01:10.533 -- 00:01:15.516 improved by almost 1% in the half. In the US, the team has worked hard and made good 00:01:15.516 -...