Reckitt Benckiser Group plc (RBGLY) Presents at UBS Global Consumer and Retail Conference Transcript

SA Transcripts158.92K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Reckitt Benckiser Group plc (RBGLY) UBS Global Consumer and Retail Conference March 11, 2026 3:00 PM EDT Company Participants Shannon Eisenhardt - CFO & Executive Director Conference Call Participants Guillaume Gerard Delmas - UBS Investment Bank, Research Division Presentation Guillaume Gerard DelmasUBS Investment Bank, Research Division Hello, everyone, and thank you for joining this Reckitt fireside chat. I'm Guillaume Delmas. I head the European Food and HPC team at UBS. So today, absolutely delighted to be joined by Reckitt's CFO, Shannon Eisenhardt. Shannon, thank you so much for being with us today. Shannon EisenhardtCFO & Executive Director Thank you.

Guillaume Gerard DelmasUBS Investment Bank, Research Division So for the next 45 minutes or so, I thought I would divide this fireside chat into 2 parts. First, addressing the 3 key debates on Reckitt at the moment. And then in the second part, assessing Reckitt's transformation journey, where we are and what lies ahead. So without further ado, let's start with the 3 key debates and the first one being the sustainability of your like-for-like sales growth in emerging markets. Question-and-Answer Session Guillaume Gerard DelmasUBS Investment Bank, Research Division So Shannon, last year, like-for-like sales growth in emerging markets accelerated very significantly, well ahead of your medium-term ambition of high single-digit like-for-like sales growth. First, big picture-wise, what do you think has fundamentally changed about your EM business compared to, say, the last decade? And then secondly, zooming in on 2025, what were the main factors behind this very strong performance and were there some temporary one-off factors in that performance? Shannon EisenhardtCFO & Executive Director Okay. it's like 3 questions. This is your numbering system, Q1 parts 1, 2, 3. Let's see. I think that the emerging markets growth we saw in '25, absolutely significant acceleration. The first thing I would call out is the fact