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So it has gone through 1st of February, will help us to recover margins as you would expect. It is a great pleasure to see many of you -- many of them that I know from my past. We have a strong global presence. Competition in Hygiene categories have intensified in recent years. So all in all, that's something that really gives us more confidence in our future as we're accelerating our innovation pipeline. All quotes delayed a minimum of 15 minutes. Laxman Narasimhan, PepsiCo's chief commercial officer, will succeed Kapoor as CEO in September 2019. I think it will be relatively sticky in the short term, as parents don't tend to switch brands when they're happy with their baby's formula. Dettol grew net revenues two out of the four quarters of the year, including in Q4. Are there other geographies where you could do that and we could expect revenue synergies from sort of unwinding some of that RB 2.0 separation? I know maybe more like 1.5% or 2% this year. Thank you, Nicandro. But that's why we also invest behind it. And fourth, we earned industry-leading margins, thanks to the strength of our brands, our category growth focus and our best-in-class productivity programs. Further detail will be set out in the 2022 Directors' Remuneration Report. Senior Vice President Reckitt Latam Health & Nutrition- 1y Report this post Report Report. And lastly, I mentioned the laundry sanitizers. So we saw an opportunity in India. There have been significant geopolitical events, and we have all faced inflationary conditions, unseen for many years. With immediate effect, Andrew Bonfield will be appointed as Senior Independent Non-Executive Director to hold the role for an interim period until Jeremy Darroch joins the Board on 1 November 2022. Quarter four, we had a similar decline in terms of volume that we had in Q3. Once we have wrapped up, we will be delighted to take any questions you may have. Nutrition business, and this is a best-in-class performance. We exist to protect, heal and nurture in the relentless pursuit of a cleaner, healthier world. This is why we are excited about our future and confident about our Hygiene growth outlook. Pros. questo messaggio, invia un'email all'indirizzo So turning to our view on capital allocation. It was in the Southern Hemisphere, and it now is in the Northern Hemisphere. It's Alicia Forry at Investec. The United States is the largest market and makes up around half of our global business. So we think that's a good position to be in. But I'm just saying that you want to lend those innovations in the right way. This rating has been stable over the past 12 months. Both innovations are designed to grow the category as they deliver superior consumer delight at a premium pricing per dose. Please. As Nicandro stated, we're now bigger, a stronger business and will continue to grow now from this expanded base. The Health GBU has a very attractive earnings model, underpinned by strong top line growth, high gross margins from the select categories and segments in which we operate with our market-leading brands. The average salary for Reckitt Benckiser, Inc. employees is $87,702 per year. Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. Global Competitiveness. 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 we will continue to strengthen the capabilities and the talent in our organization. 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. Reckitt Benckiser's sales volumes slide as demand for disinfectant wanes So just maybe one clarification. Leverage has fallen to around 2x. We have continued sustainable product innovation program. Second, we have a clear and consistent consumer category growth model in place. Sign In. I talked about our -- out of this category, we are holding share, but we're growing double digits. The impact of price and mix for the year was 9.8%, and volumes for the year were down 2.2%. Two, thanks to our strengthened go-to-market capabilities, more and more customers are recognizing us as a top-tier supplier. This is perhaps lower than what we would have achieved because we delayed some planned pricing increases in North America during the year, as it wasn't the right thing to do during a national crisis. Yes, Hygiene. So we see what we expected that, that thing will flatten and really start to grow, point one. 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. So this additional revenue stream to WIC will be zero from March onwards. Lists ranking Reckitt Benckiser. But you look at Auto Dish, for example, we have 11% price increase during 2022, and the volume was 1% down. In the United States, our market share of non-WIC, i.e., the formula which parents choose and pay for themselves, is just under 50%, up from around 38% at the beginning of 2022. Reckitt Benckiser Group plc manufactures and sells . As Volker highlighted, if you exclude Lysol, which I think that's much less to do with elasticity than high comparators because of COVID, the whole Hygiene portfolio grew pricing was, I think, that around 8% and volume was down 4%. No? Reckitt still walking the line as its sales have kept afloat partly thanks to high baby formula sales thanks to a competitor blender. We basically are maintaining our position in terms of the priorities that we previously communicated, with the exception of dividends. excuses voor het ongemak. This reduces the 2020 single total figure of remuneration (including buyout arrangements) to 8,434,334. The remainder of the portfolio grew in the year 5.1%. 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. So finally, let's turn to the outlook for the year. Reckitt Benckiser CEO Laxman Narasimhan to step down . Executive Summary. All rights reserved, Reckitts response to the Infant formula shortage in the US, Sustainable livelihoods and working conditions. Okay. So the profitability of WIC was actually similar to non-WIC in what we gained, which is a very unique dynamic and is now normalizing, as I said, as of the end of February and won't be material this year. Further details of the Remuneration Committee's decisions and the pay for Reckitt's Executive Directors are set out on pages 134-157 of the 2020 Annual Report. Explore our global sites with local content specific to each country. Reckitt Benckiser Group today announced that its CEO Laxman Narasimhan will step down from his position on September 30, 2022, and will relocate to the United States, for personal and family reasons. So I think those are the things that have really made a big difference for us. For those of you I haven't had the chance to meet, my name is Pat Sly. Salary estimates are based on 5.4k Reckitt Benckiser salaries received from various employees of Reckitt Benckiser. The shape seems to have been roughly the same, which is an unusually early and sharp spike in flu, which then sort of tapered off. And we extended our market share by 300 basis points, and we have grown revenues with double-digit CAGR. Wenn I think on working capital, we've had a pattern. How would we balance that? . Is there a risk it's a bit too late to do this kind of innovation at a premium level? Two questions from me. Like-for-like growth for the year was 14.7% and 6.7% for the quarter with much stronger comps in the fourth quarter of last year. We have reached 32% household penetration, and we are growing revenues in double digits. So our focus is really not on stealing share, our focus is on growing the pie. Our brands are available in nearly 200 countries. And whether you're going to actually end up having a bit of sort of supply chain filling in '23? Top story. Find out the highest paying jobs at Reckitt Benckiser and salaries by location, department, and level. Laxman Narasimhan, who left his position at Reckitt Benckiser to join Starbucks as its CEO, is likely to earn about $17.5 million in annual payout if he reaches his targets. My second question on innovation, and I think it's probably more in Hygiene, that seems to be more on the premium side, which I think about air care, if I think about the Auto Dishwash, just wanted to see how you see the reception with retailers, but how you see that as well with the current environment and private label discussions. Saurabh currently holds two full-time jobs. Within the guidance, we expect to significantly increase BEI to support our exciting innovation program. 2,963 Reckitt reviews. per informarci del problema. Nutrition. We have delivered a double-digit CAGR over the last three years and now have a business which is 40% larger than pre-pandemic. Volume growth was strong, up 6.5% for the year, with the impact of price and mix of 8.2% for the year, of course, benefiting from favorable sales mix from OTC, which grew over 35% in the year. We gained or held share in most of our core categories. After three years as chief executive officer, he's decided step down on Sept. 30. We're now left with a much more homogenous business. You said minus 11% is the sustainable level you'd expect. Now I'm going to dive a little bit deeper into how we are growing our three biggest categories that all generate well above 1 billion in retail sales. Each salary is associated with a real job position. That's our model, the model we operate with all our brands. So it's quite a solid performance. Reckitt Benckiser Group plc's chief executive officer (CEO), Laxman Narasimhan, will relinquish office on September 30. And if you might end up seeing some sort of reduced flu incidence, then what your assumptions are in terms of guidance? Like-for-like revenue growth in Q4 was 6.2%. We now have a meaningful presence in the German pain segment and a strong adult offering, which is delivering very good growth there in 2022. So we've given the guidance, the clear guidance of underlying margins, ex the 80, to be flat or slightly up. Specifically, built and led a 3 years, 1.3bn productivity programme, announced by Reckitt's CEO in February 2020, after having successfully led the creation of two autonomous business units and the necessary process and system infrastructure. Is the guidance for the division effectively predicated on an average season for cold and flu in '23? Less clothes go into landfill and consumers can get results at much lower temperatures. So that was a high comparator, but we did ship more in Q4 of '22. I was wondering if you could talk a little bit more about what has enabled that? But I now feel we have returned to a more normalized position with working capital at a sustainable level at around minus 11% of net revenue, and we're confident of delivering strong future cash flows and high cash conversion in the coming years. So this game can actually work very nicely for us, and that's why we are confident that we get that expansion which we are talking about. This improvement in our go-to-market capability is delivering results with market share gains in Mexico and Thailand and a significant turnaround in our Philippines business throughout the year. An investment has been made to make Reckitt more competitive, more resilient and to strengthen our pipeline in science-backed, consumer-led innovations. And I'm pleased to say that the combination of Mucinex's strong equity and the numbing powerful relief delivered by InstaSoothe has led to 6% category penetration in the U.S. sore throat category in just 18 months since we launched. Reckitt Benckiser Group plc published this content on 08 April 2021 and is solely responsible for the information contained therein. But growth was broad-based. Reckitt's like-for-like sales were 28% higher in 2022 compared to 2019, interim CEO Nicandro Durante said. We've given clear guidance, and we're comfortable with consensus. Back . Mexico's Best Employers (2022) Packaged Goods #477. . The global dishwashing machine penetration is below 15%. And also anything you can say about the profitability of that part of the business? Regarding innovation in hygiene, don't take as granted that all the innovations in hygiene is going to be a super high price point. Consumers are actively switching everywhere in the world from the low tier to the high tier. And what I can say now is that, yes, we see further opportunities across the world to improve the way that we execute, the way that we reach consumers, the way that we interact with customers. Available in nearly 200 countries, our brands are loved and trusted by people all over the world. And we have an exciting innovation pipeline for the years to come. If you have an ad-blocker enabled you may be blocked from proceeding. 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. Reckitt Benckiser employees earn $65,000 annually on average, or $31 per hour, which is 2% lower than the national salary average of $66,000 per year. We will continue to focus on capacity and agility within our supply chain and ensure that we keep delivering for both our customers and consumers. And then the final one is for Nicandro. '22 was a very strong quarter. Well, good morning, ladies and gentlemen, and it's a pleasure to see so many of you in person. Caso continue recebendo esta mensagem, Having worked closely with Nicandro since I joined the Board, I have no doubt that he will provide the leadership needed for Reckitt at this important stage of transformation while we find the right long-term leader for the business.. In line with the Remuneration Policy, bonus payments and LTIP awards will be pro-rated for time employed. We lost, what, 20 basis points for private label last year in Hygiene; we gained 20 basis points in Health. We have more work to do here, but I'm very encouraged by the progress that we are making. There is a current COVID average. Now importantly, Lysol net revenue is around 45% higher in 2022 than 2019. We also have a meaningful presence in the fast-growing specialty segment, comprising mainly of products that address allergies, led by our Nutramigen brand. That's one of the reasons for this deterioration. In addition, page 152 of the 2020 Annual Report sets out the CEO pay ratio. But you see, by our margins guidelines and everything else, that it's not going to have a huge setback in terms of to expect the business to deliver. Listen, I'll ask Pat to answer the first question. While the numbers look good, they don't do justice to the incredible work done by the team to quickly react to the national prices that took place in order to provide significantly more safe high-quality formula to parents across the country. In the case of supply chain, I have to say that we have done that. Please bear in mind, things are still fluid, and we don't have a crystal ball either. 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%. Participate in conducting annual salary survey and perform such other relevant HR surveys. And a win for us for growing mid to high single digits. Following publication of PepsiCos proxy report on 24 March, the final calculation of vesting was completed. Reckitt Benckiser, maker of Dettol and Lysol cleaning products, on Wednesday marginally beat full-year like-for-like net revenue expectations, helped by higher prices and its nutrition and health businesses. And that's why we mentioned that we have a significant increase in brand investment behind those innovations. We are now close to 90% regionally sourced. The 66-year old will receive a salary of 1.1 million pounds ($1.3 million) as Reckitt CEO, the company said, adding that . And as we go forward, opportunities for areas like buybacks will come on the table, because we are certainly entering into that territory. Reckitt Benckiser boss Rakesh Kapoor, one of Britain's highest-earning CEOs, saw his 2016 pay package fall by more than a third following a safety scandal in South Korea that dented the consumer . Is that greater than 10% year-on-year, should we say, to classify as significant? We've said we're not uncomfortable with consensus, which assumes we keep a little bit of that 80 in 2023. Now I'd like to go through each of our three global business units in turn, starting with Hygiene. Exercised is the value of options exercised during the fiscal year. This was a very stable and resilient performance in the face of very high inflationary pressures. Yes, it's similar -- it's not that dissimilar to North America. What are the group's prospects like for 2023 . So that's made a big difference. Outside of China, Intimate Wellness grew 10%. Neither Narasimhan nor Durante responded to requests for comment via their LinkedIn accounts. However, Lysol is much stronger now than pre-pandemic. Now there's a lot of moving parts here. I'm delighted to be meeting with all of you today. The China business was just such a different animal and, frankly, in the last years, was a bit of a management distraction. If you look at this year's EPS, it's only marginally ahead of 2018. Popular. As Nicandro is moving to the UK, he is eligible for relocation benefits. And we expect clearly our volume trend to improve post quarter one. Again, net revenue was 6.0 billion, coincidentally. Reckitt Benckiser average salary is $90,908, median salary is $88,417 with a salary range from $41,600 to $238,500. 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 Reckitt Benckiser Group plc ("Reckitt") today announces that its CEO, Laxman Narasimhan will step down as Chief Executive Officer on September 30, 2022. 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. Listen, this is an important process. Having held the dividend for some time, we thought that was the right step to take this year. Cost of goods inflation had a more significant impact on Hygiene than our other two business units. The first is on the brand investments. There will be more brand investment. "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. You have that across pretty much all of our categories. With the symptoms of COVID becoming more flu-like over time, the lines are blurring between the two. The second one is for Volker. Reckitt Benckiser salary statistics is not exclusive and is . But we really don't know what the future season holds, and it's too early to speculate on that. And those things have been resolved. So moving on now to Nutrition. Brand equity investments were up 5.7% at actual rates and essentially flat at constant currency. So I think that the majority of our categories are not inelastic. And there are some elements that we have to take into account. If we break out our total GBU growth in 2022, our underlying business grew around 5%. To know first hand how is it like to work at Reckitt Benckiser read detailed reviews by job profile, department and location in the reviews section. 51% feel they are paid fairly. Cash conversion was 83%, a significant improvement from the prior year. Actually, I think innovation that brings consumer value is always at a good timing and can always come faster. Can you discuss the drivers of multiyear margin expansion, of course, beyond easing cost pressures? If you look at my three, five years plan, we see steady growth in terms of earnings. According to our data, the highest paying job at Reckitt Benckiser is a Project Engineer at $220,000 annually while the lowest paying job at Reckitt Benckiser is a Regional Manager at $25,000 . We delivered high single digit to double-digit growth in all geographies in 2022, except for the heavily Lysol impacted areas of North America and ASEAN. 70% Approve of CEO. The single total figure of remuneration (excluding buyout arrangements) remains unchanged at 5,366,489. In a carefully planned effort, we integrated our sales organizations across Health and Hygiene to create a more unified and larger field force. verdade. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. LONDON, March 1 (Reuters) - Reckitt Benckiser (RKT.L), maker of Dettol and Lysol cleaning products, on Wednesday marginally beat full-year like-for-like net revenue expectations, helped by higher . Look, the strength of the free cash flows significantly improving from last year, which I think is something which I wouldn't say is unique to us, but it's a great indication of the overall strength of the business, means that the net debt-to-EBITDA has come right down to 2.1. The Chairman and the Nomination Committee have begun the process to identify the best long-term candidate to take Reckitt on the next phase of its growth and transformation journey. I think the other thing that's been important is Nutrition is -- or at least infant nutrition is a bit more of a specialized category. 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. As mentioned and anticipated, 2022 was a very tough year for Lysol, simply due to the high COVID comps. What we've been through in the last three years is anything but normal. This had a significant impact on top line growth and on our adjusted operating profit margins. I was till Sept 2019 Global CEO of RB (Reckitt Benckiser), a 13 billion global leader in consumer health and hygiene company, with Powerbrands such as Enfamil, Dettol, Lysol, Nurofen, Durex, Finish, Vanish and Strepsils. Following publication of PepsiCo's proxy report on 24 March, the final calculation of vesting was completed. Thank you, Richard, and welcome, everyone. If costs come in below where you expect at the moment, will you invest more into BI? And as we go through the year, we get to speak to you guys quarterly. And I'm pleased to say that we've created a business over the last three years, which is 1.4 billion larger than it was in 2019. We will continue to grow distribution for our brands, as we land our strengthened innovation pipeline. He is deeply familiar with the strategy and direction of Reckitt, having been on the board for a number of years, including several years as the Senior Independent Director. Be part of something bigger. This means operating in a responsible and sustainable way while innovating products that improve lives while reducing environmental impacts. And then second question is on retailer inventories. But to summarize, we had a very strong performance in '22, and we are transitioned from transformation to delivery. Jeff is going to take the second one. And I like competition on making that category grow. Yes. And this has increased our market share of the non-WIC formula market from 38% at the beginning of '22 to almost 50% in December. And how long this journey might take? The overall rating of Reckitt Benckiser is 4.1, with Salary & Benefits being rated at the top and given a rating of 3.9. It's the second most trusted brand by U.S. consumers of all brands in all categories. You can judge that at the end of the year, which obviously means, from a free cash flow perspective, it was roughly minus 400 million this year, and that gives us a benefit from a free cash flow perspective next year. You used to have industry-leading margins in Nutrition. This is a consequence of our drive for greater household penetration, which Dettol led to outperformance in the category by landing differentiated innovation like our Dettol four-in-one pods in China and Dettol Botanicals, trusted germ protection now with 100% plant-derived actives. Good morning, everyone. Good morning, everyone, and welcome to Reckitt's Full Year 2022 Results Presentation. In developing markets, we strengthened our reputation with health care professionals, or HCPs, during the year. Starbucks' incoming CEO, Laxman Narasimhan, had a trial by fire after taking the helm of Reckitt just before the pandemic hit. A win for our consumers, they enjoy better results as Vanish gets the tough job done and hence keeps clothes looking like new for longer. Laxman said, "I am very grateful to have had the opportunity to lead Reckitt. Okay. This means operating in a responsible and sustainable way while innovating products that improve lives while reducing environmental impacts. We added 1.1 billion in revenues. And with pricing actions stronger in the second half of the year, this really positions us favorably as we look to 2023. "It's disappointing to someone who has followed the stock for a long time," said Ashish Sinha, portfolio manager at Reckitt shareholder Gabelli. At our Capital Markets Day in September 2021, we made the bold assertion that Dettol has stabilized and that we expect it to sustainably grow the business and deliver at around 40% above pre-pandemic levels. And taken together, these three categories currently make up over 80% of our portfolio. 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. Adjusted operating profit of 1.6 billion was up 24.3% on a constant foreign exchange basis, and margins of 27.5% were up 290 basis points, again reflecting the benefit of the positive OTC mix. Yes. Join our pursuit for a cleaner, healthier world. Based on our data team's research, Laxman Narasimhan is the Reckitt Benckiser's CEO. So can you please talk about what kind of actions you're taking to make Reckitt a reliable earnings compounder it once was? Reckitt Benckiser Group plc published this content on 08 April 2021 and is solely responsible for the information contained therein. Or is it still too soon? We are being recognized externally as a top employer in many markets. And I'm not really looking for consensus to change when it comes to margins. I look forward to continuing the momentum. This reduces the 2020 single total figure of remuneration (including buyout arrangements) to 8,434,334. Disculpa This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018. 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. So they don't suffer that much. For media enquiries please contact Faeth Birch (Finsbury): 07768 943171. Now let me sum up why we are excited about the future of our Hygiene business. The long-term share award vested at 52.6% of target on 25 March and the long-term cash award was paid at 110% of target in March 2021. On digital, whilst we still have more work to do, we have made some very good progress. We may -- it would be pretty much dependent in OTC, for example, on the size of the cold and flu season, but we don't see any big movement in retailing. All the other divisions called out industry-leading margins. Prices rose by 12% in the final quarter of 2022, with volumes falling 5.8% as lockdowns in China hurt the intimate wellness business. So my question is on the turnaround in the infant nutrition business in the emerging markets, which is great to see after so many years. Reckitt Benckiser, Inc. employees with the job title Finance Manager make the most with an average . We are looking for opportunities whenever we can. 86% Approve of CEO. Our CEO, Grant F. Reid, signed the United Nations Women's Empowerment Principles furthering our commitment to advance gender equality in our Nicandro is a highly experienced CEO who led the transformation of BAT over a nine-year period. Then after a few brief insights from me, our three global business unit presidents will talk to you about highlights from 2022 and our focus for 2023. I don't expect significant destocking. But I would be quite interested to gauge a bit your visibility on effectively the potential for the division -- disinfectant platform to be growing this year. If I think about the reinvestment that we have made for the past three years, we can clearly see you invested well in CapEx and the supply chain was strong. 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.