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Well, good morning, ladies and gentlemen, and it's a pleasure to see so many of you in person. If you look at private label, I know that private label has gained some share during the year. Compensation. In January 2019, Reckitt Benckiser announced that Kapoor is set to retire by the end of 2019. If there's any change, then we'll come back and we'll give you that update in those intervals. Now I'd like to go through each of our three global business units in turn, starting with Hygiene. So that will be our second answer. And as I said, when you look at the different subsegments of Lysol, we're pretty much growing across the board share except for one segment. He will receive benefits in line with Reckitts Remuneration Policy, however he will not receive a pension allowance. Over the next three years, Reckitt has grown at an average of 8.2% on a like-for-like net revenue basis or 7.4%, excluding the benefit from a temporary competitor supplies issue in the U.S. As I've mentioned, cost of goods inflation impacted gross margin, which was down 70 basis points to 57.8%. I mentioned the new businesses we've built in InstaSoothe and other brands. The updated total value of the replacement awards at vesting and the 2020 single total figure will be restated in the 2021 Annual Report as follows: In addition, page 152 of the 2020 Annual Report sets out the CEO pay ratio. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. I will now hand over to Jeff to take you through our financials in more detail and our outlook for 2023. From a portfolio perspective, we have our core Infant Formula and Child portfolio led by our Enfa family of brands, and we are particularly strong in the fastest-growing segment within this portfolio, products that improve digestion. JP Morgan analysts cited Narasimhan's sudden departure just when investor confidence in the group's turnaround was improving. The transformation agenda Laxman and the Group Executive has led together is exciting and delivering results. But listen, you have to understand that in majority, our categories are not inelastic. It has certainly been an interesting year for our business in 2022. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. For those of you who might not have met yet, we have Volker Kuhn, our President for Hygiene; Kris Licht, our President for Health; and Pat Sly, our President for Nutrition. Going into 2022, we anticipated that our Lysol business would shrink given the high COVID-related comps, which impacted our volume significantly. In this episode of the Inside the Strategy Room podcast, senior partner Celia Huber speaks with Laxman Narasimhan, the CEO of Reckitt Benckiser. They account for about 90% of our revenues and an even bigger part of AOP. And I mean, obviously, you have access to the POS data as well, and you can see what's happening in the marketplace. For the year, we delivered like-for-like revenue growth of 7.6% and adjusted operating margins of 23.8%, or around 23%, excluding the temporary mix and volume leverage benefit from the competitor supply issue in our U.S. Cost of goods inflation had a more significant impact on Hygiene than our other two business units. So quarter-by-quarter, you'll see further improvement. And given the healthy state of our balance sheet, I'm delighted that the Board has approved a 5% increase in our total dividend for 2022 with the aim of delivering sustainable dividend growth in future years. Although there are important differences between ASEAN and LATAM and North America, how we go to market is much more homogenous, and that's allowed us to really drive focus and strengthen our go-to-market capability, particularly with how we interact with professionals. This means operating in a responsible and sustainable way while innovating products that improve lives while reducing environmental impacts. If you look at this year's EPS, it's only marginally ahead of 2018. Dettol grew net revenues two out of the four quarters of the year, including in Q4. Since then Reckitt has enjoyed a boost from pandemic-driven sales of its disinfectant and cleaning products, which has been tapering off, as well as the US formula shortage. And the receptivity of customers was, to your point, extremely positive, because they believe in our ability to grow the categories, attract consumers, as we have done that in the past. John Ennis from Goldman. What are the group's prospects like for 2023 . By the time we got to about 2019, our working capital was stable at a certain level, and we didn't feel improvements in working capital were really where we were driving. [1/3]A Durex condom is seen in a photo illustration in Manchester, Britain, July 31, 2018. And if you might end up seeing some sort of reduced flu incidence, then what your assumptions are in terms of guidance? Reckitt was one of the few consumer-goods companies in the most recent earnings season to upgrade its outlook for both sales growth and profitability. Brazilian-Italian Durante previously led tobacco giant British American Tobacco (BAT) for eight years until 2019. How much do Reckitt employees make? Nutrition situation. Two questions from me. We delivered a year of strong revenue growth and profit delivery and free cash flow. It was led by our OTC portfolio, where we both drove strong market share gains across the majority of our brands and benefited from a long, strong cold and flu season. A couple of questions for me, if I may. The overall rating of Reckitt Benckiser is 4.1, with Salary & Benefits being rated at the top and given a rating of 3.9. Is that greater than 10% year-on-year, should we say, to classify as significant? Visit PayScale to research Reckitt Benckiser, Inc. salaries, bonuses, reviews, benefits, and more! We have continued sustainable product innovation program. And I could bore you with the history of it. That's one of the reasons for this deterioration. Reckitt Benckiser employees rate the overall salary and benefits package 3.9/5 . The updated total value of the replacement awards at vesting and the 2020 single total figure will be restated in the 2021 Annual Report as follows: CEO 2020 remuneration - update to Directors' Remuneration Report, Estimated "It was a surprise to find out Reckitt's CEO is stepping down, having only been in the role for three years and just starting to receive some credibility," said Tineke Frikee, fund manager at Reckitt shareholder Waverton Investment Management. 70% Approve of CEO. A free inside look at company reviews and salaries posted anonymously by employees. For net revenue, we target continued momentum with mid-single-digit like-for-like growth for the group, excluding the impact of the competitive supply issue in our Nutrition business in 2022, which, as I mentioned, was approximately 2.5% on 2022 like-for-like net revenue performance. No? I know maybe more like 1.5% or 2% this year. . Reckitt Benckiser, Inc. employees with the job title Finance Manager make the most with an average . Sort. For media enquiries please contact Faeth Birch (Finsbury): 07768 943171, Registered office at 103 - 105 Bath Road, Slough, Berkshire, SL1 3UH, Registered in England & Wales, No 6270876, Copyright Reckitt Benckiser Group PLC. How could the leader of a company that makes an array of mundane household products, like Dettol, Air-Wick and Strepsils, be worth so much Territroy Manager for pharmacy business manager Rekitt Benckiser (Former Employee) - London, Greater London - 31 October 2021. Lamentamos pelo inconveniente. Upon joining Reckitt, and as previously announced on 6 August 2019, Laxman Narasimhan, Chief Executive Officer, received awards to compensate for remuneration arrangements forfeited upon leaving PepsiCo, his previous employer. It's also the quality of the categories in which we operate, which underpins the high group margin structure of our business and which is key to a strong earnings model. Now let me sum up why we are excited about the future of our Hygiene business. Aydanos a proteger Glassdoor y demustranos que eres una persona real. I'm happy to extend the large suppliers, but we have a responsibility towards the small suppliers and obviously collecting our cash in a timely manner. And as you are aware, this includes a decline of around 25% in the year for Lysol. Please note that all salary figures are approximations based upon third party submissions to Indeed. And our teams have become much, much better, much more adept at navigating that. The average Reckitt Benckiser salary is $72,565. We may have innovation in different price points in order to be able to give something for consumers to stick to our brands, to stick to our portfolio. Popular. Okay. Thank you, Jeff. But there are a lot of work in progress in order to streamline the operation and be more effective. Jeff is going to take the second one. We also have a meaningful presence in the fast-growing specialty segment, comprising mainly of products that address allergies, led by our Nutramigen brand. "I am honoured to have an opportunity to lead Reckitt, a Company that I have been a part of for many years. And in particular, for the outstanding job that you and the team did to help mothers across the U.S. gain access to high-quality, safe formula under such difficult circumstances. Global Competitiveness. The ratio between the CEO and the average global employee reduces from the 1:199 estimated in the report to 1:182; the pay ratio excluding the value of the buyout arrangements remains unchanged at 1:116. And taken together, these three categories currently make up over 80% of our portfolio. message, contactez-nous l'adresse Caso continue recebendo esta mensagem, Now separately, let me just refer to the situation in the U.S. related to the infant formula market. We create simple, innovative products that make it easy for individuals, families and communities to live healthier and happier. Laxman Narasimhan, PepsiCo's chief commercial officer, will succeed Kapoor as CEO in September 2019. Laxman will be replaced by Nicandro Durante, current Senior Independent Director, who will step into the role of CEO, as the Board evaluates and selects the future leadership. Thank you. I will now provide you with a few highlights from 2022. It's very non-elastic. This improvement in net debt, underpinned by strong free cash flow, has enabled us to deleverage to 2.1x adjusted EBITDA from 2.6x. We are not yet where we want to be, but I'm pleased that the Company continues to make progress with such important stakeholders. So we would like you to start at the back. Our DNA is to create and grow categories through consumer-preferred innovation and growing penetration. A lot of things are coming next year as well. During the Capital Markets Day in September '21, I told you that we gained 5% penetration with our Lysol laundry sanitizers. Reckitt Benckiser employees earn an average salary of $72,565 in 2023, with a range from $43,000 to $121,000. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. But this performance is also underpinned by innovation, penetration building programs, taking our brands into adjacent categories and new geographies, growing distribution and gaining market share. I cannot give you much more detail now. As it relates to the future, as we cited in another part of the presentation, we don't have a crystal ball. Bitte helfen Sie uns, Glassdoor zu schtzen, indem Sie besttigen, dass Sie And there are some elements that we have to take into account. As an example, Durex in India is now in 300,000 more stores than it was a year ago, which has been a major contributor to growth of Durex in the year of over 45%. Popular. With a growing middle class in developing markets, families are starting to switch from hand washing to using a dishwasher. They expect to announce a permanent CEO later this year, by the way. Maybe coming back to disinfectant and Lysol. Join the community and see what employees are saying about their salaries. I talked about our -- out of this category, we are holding share, but we're growing double digits. The pay ratio excluding the value of the buyout arrangements remains unchanged at 1:113. London-based reporter covering retail and consumer goods, analysing trends including coverage of supply chains, advertising strategies, corporate governance, sustainability, politics and regulation. Our target includes -- our targets include a return to growth in our disinfection portfolio from the current performance of around 40% larger base versus pre-pandemic levels. We are not satisfied with our status quo as we always aim to raise the bar. We have here a question and then we go to you. And what we have also seen in previous crisis is that there is normally always two areas that win and one that's losing. Jain, so far, had been in-charge of the India health business. We are now in the last quarter of very tough comps with Omicron in the base period. Our carbon reduction program continues to achieve our 2030 target, achieving a 66% reduction in carbon emissions since 2015. So our focus is really not on stealing share, our focus is on growing the pie. Of course, as we go forward, we're very clear, we're not going to manage a lazy balance sheet. I don't expect significant destocking. Join our pursuit for a cleaner, healthier world. So therefore, we are actively partnering with leading dishwashing machine brands to drive consumer conversion to Auto Dish. Under his leadership, Reckitt will continue to implement its current successful strategy. His salary for 2015 was 23.2 million. Our best-in-class program continues to deliver with efficiencies of 800 million during the year, enabling us to achieve our target of 2 billion gross margins this year. Supported by innovation, supported by distribution gains. Like-for-like revenue growth in Q4 was 6.2%. One, our supply chain resilience program led to a good recovery of our backfill rate to 96%, a significant advancement versus previous years. Si continas viendo este mensaje, Is the business profitable over there? In China, we identified an opportunity to leverage Dettol's strong position in the laundry sanitizer segment with the laundry pod differentiated with Dettol's strong germ protection. " Little to no work life balance - not for everyone " (in 73 reviews) " Can be long hours sometimes overtime " (in 144 reviews) More Pros and Cons.