We exist to protect, heal and nurture in the relentless pursuit of a cleaner, healthier world. Thank you for joining us. I will now provide you with a few highlights from 2022. Having held the dividend for some time, we thought that was the right step to take this year. John Ennis from Goldman. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. 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. I guess it depends how old you are whether brands such as Harpic, Vanish, Dettol and Finish have a lot more relevance for you than Durex or baby food ones, but at least the FTSE 100's Reckitt (RKT) has a bunch of interesting global brands. Almost 18% of shareholders who voted rejected the company's remuneration report, Reckitt Benckiser said in a statement Thursday after its annual general meeting in London. Lamentamos pelo inconveniente. But I was pleased with our broad-based growth in 2022, with all our Health regions in growth for the year, including those without a large OTC business. But that's why we also invest behind it. 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. Going into 2022, we anticipated that our Lysol business would shrink given the high COVID-related comps, which impacted our volume significantly. So that will be our second answer. Popular; COVID-19 Related; . Participate in conducting annual salary survey and perform such other relevant HR surveys. What we've been through in the last three years is anything but normal. 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. So it's quite a solid performance. During the Capital Markets Day in September '21, I told you that we gained 5% penetration with our Lysol laundry sanitizers. 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. Narasimhan, 55, joined the company in September 2019 from PepsiCo (PEP.O) and was the first external candidate to take the helm at Reckitt since it was formed in 1999. 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. Let me start with the Health and Hygiene separation, they are 2.0. Starbucks' incoming CEO, Laxman Narasimhan, had a trial by fire after taking the helm of Reckitt just before the pandemic hit. We're now left with a much more homogenous business. Distributed by Public, unedited and . But if you look at the Nielsen data, you referenced to it, you see actually that the recent week was the first week where POS actually started to stabilize and slightly go up. We have a strong global presence. Our continued focus on these areas have enabled ongoing ESG performance against key ratings such as MSCI, Sustainalytics, and ongoing efforts for good presence. Is the business profitable over there? Consequently, despite pricing and a strong productivity performance, adjusted operating profit at 1.2 billion was down 18% at constant exchange rates and at a margin of 20.4%, down 330 basis points. 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. 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 . So I'm not going to start talking about upside or things like that. I was wondering if you could talk a little bit more about what has enabled that? Adjusted operating profit margin of 23.1% was up 710 basis points, and this reflects our turnaround and improvement in our earnings model in the developing markets, plus the positive leverage benefit from the U.S. para informarnos de que tienes problemas. The team and I are very focused on continuing this in 2023 and beyond. Of this, 9% came from WIC consumers in states where our competitor holds the WIC contract. 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. The innovation is coming, R&D. The average Reckitt Benckiser salary ranges from approximately 0.4 Lakhs per year for a Helper to 89.6 Lakhs per year for a Head Trade Marketing. The average salary for Reckitt Benckiser, Inc. employees is $87,702 per year. Another building block was the improvement in our business in the area of sales execution. See the latest news and investor news from Reckitt. So we would like you to start at the back. A free inside look at Reckitt salary trends based on 1580 salaries. So thank you. Our OTC team have worked hard to broaden the shoulders of our trusted market-leading brands through innovation, entering adjacent categories and even entering some new geographies. And then the final one is for Nicandro. The work the team did across our supply chain and with all key stakeholders, including the U.S. administration, was exceptional. High Pay Centre spokesman Stefan Stern singled out an 18m share-based long term incentive . 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. Join our pursuit for a cleaner, healthier world. Harpic's largest market is India, where we have a 78% market share. "I am honoured to have an opportunity to lead Reckitt, a Company that I have been a part of for many years. But in summary, our pricing action, favorable mix, especially due to stronger OTC sales, and our excellent productivity initiatives meant we recovered some 90% of the cost of goods inflation during the course of the year. Onze Lamentamos 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. So it's been strong. So should we be thinking about a smaller headwind to group than the 2.5%? Executive Summary. With a growing middle class in developing markets, families are starting to switch from hand washing to using a dishwasher. Wir entschuldigen uns fr die Umstnde. Our growth continues to grow very nicely, and we have much more headwind -- headroom, not headwinds, tailwinds -- headroom, and growth also with the innovation that is coming. 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. It has been phenomenal. Our developing markets team also did a great job in 2022, turning around our business during the year and into growth for the very first time under Reckitt's ownership, and the results speak for themselves with 100% of our core CMUs now holding or gaining share. Maybe coming back to disinfectant and Lysol. So some of them, as I said, is already in the plan. I have long admired Reckitt's single-minded focus on categories with a strong runway for long-term growth. But demand is high. It's Jeremy Fialko, HSBC. I will now pass you over to Volker, who runs our Hygiene business. And how should we think about those trends into the first half? A lot of things are coming next year as well. As a result of this great progress in 2022, I am proud to highlight to you today a summary of some of the key strengths of our Nutrition business as we enter 2023. Popular. Or is it still too soon? So it's a little bit of a strong flu season, but we expect the brands to continue to grow with that kind of pipeline of innovations that we have. 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. How much do Reckitt employees make? I don't see that I need to go back in the last three years to explain what we have done in the Company in order to strengthen our position in the market in terms of reinvesting in several areas, areas like supply chain, R&D and some others. Now I'd like to go through each of our three global business units in turn, starting with Hygiene. Reckitt Benckiser Salary. So was there any extra top-up that has occurred in Q1 that's going to help, please? '22 was a very strong quarter. I'm delighted to be meeting with all of you today. The company said it would target like-for-like net revenue growth of mid-single digits for 2023, excluding the substantial boost its 2022 sales received from the recall of a rival's infant . We've said we're not uncomfortable with consensus, which assumes we keep a little bit of that 80 in 2023. Third, we continue to strengthen our capabilities everywhere. Air Wick is the global leader in air care devices, and we are creating new segments here, too. And I mean, obviously, you have access to the POS data as well, and you can see what's happening in the marketplace. Due to the shortage of available formula, the government allowed parents to purchase formula for manufacturers who did not hold the WIC contract in that state. 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%. Our retail customers highly value our improved sales capabilities or stronger category growth contribution by our consumer preferred brands and our better customer service. This has historically been a consistent mid-single-digit growth business, but was impacted significantly by the well-documented competitor supply issue last year. The single total figure of remuneration (excluding buyout arrangements) remains unchanged at 5,366,489. Glassdoor provides our best prediction for total pay in today's job market, along with other types of pay like cash bonuses, stock bonuses, profit sharing, sales commissions, and tips. And now I'm going to hand back to Nicandro. Now we have five members of our Global Executive Committee presenting to you today, following which they'll be happy to take any Q&As that you may have. We are not yet where we want to be, but I'm pleased that the Company continues to make progress with such important stakeholders. I think we just mentioned OTC. Bart Becht, the chief executive of Cillit Bang-maker Reckitt Benckiser, was paid more than 90m last year in a remuneration deal that will see him clean up in the FTSE 100 executive pay league. Moving to our Dettol portfolio. And what we have also seen in previous crisis is that there is normally always two areas that win and one that's losing. The estimated hourly pay at Reckitt ranges from approximately $13.36 per hour for Backroom Associate to $34.70 per hour for Administrative Assistant.. We will continue to grow distribution for our brands, as we land our strengthened innovation pipeline. So we think that's a good position to be in. This reduces the 2020 single total figure of remuneration (including buyout arrangements) to 8,434,334. How would we balance that? And with a full rollout of our record production system across our factories, we have been able to increase efficiencies across cost sites in 2022 by around 20%. om ons te informeren over dit probleem. But when we look at the earnings progress, that's been quite limited. In North America, we are now the number one infant formula manufacturer in both the United States as well as Canada. 2022 was particularly tough for our supply chain team who had to cope with some very strong demands in both our OTC and Nutrition business. Actually, we had a really big Q4 in '21 as well, as we talked about. This reduces the 2020 single total figure of remuneration (including buyout arrangements) to 8,434,334. We have a fantastic carryover going for the '23 because the majority of the price was taken at the beginning of the second half. So I think that for those reasons, I expect that volume going for 2023, will be slightly better. 24. Multinational consumer goods company Reckitt Benckiser on Thursday said its Chief Executive Officer Laxman Narasimhan will step down at the end of September after three years in the role. Now this was due to reduced investment in Russia and the fact we did not increase our BEI spend in proportion to net revenue growth in two key areas: U.S. 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. Reckitt Benckiser's Chief Executive Rakesh Kapoor got a 69 percent pay rise last year, following an improvement in the company's performance after three tough years. This rating has been stable over the past 12 months. 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. So that's why we believe it's actually still good timing. Importantly, POS remained well above pre-pandemic levels, and we exited quarter four with POS in the high 40s above 2021. Our in-market competitiveness remains strong with around 62% of our core CMUs on whom we are gaining share during the year, and we increased our share of total distribution points. Let me start with Lysol first, disinfection. As explained in the Capital Markets Day in '21, we are refocusing on our historic strength: one, to grow categories by driving penetration and premiumization with innovation and by creating new segments; two, to delight our consumers with preferred product and packaging experiences delivered by brands, their love and trust; and three, to execute with speed and rigor; four, to fuel growth and deliver shareholder return with our best-in-class earnings model powered by world-class productivity, very strong innovation, and leading premium brands with pricing power; and five, this is all executed by a capable organization that is focused to outperform with grit. Explore our global sites with local content specific to each country. 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. Since his appointment in September 2019, Laxman has led a successful rejuvenation of the companys strategy, execution and foundational capabilities. No further disclosure obligations arise under paragraphs 9.6.11 or 9.6.13 of the UK Listing Authority'sListing Rules in respect of this appointment. Compensation. Thank you for the questions. Be part of something bigger. Als u dit bericht blijft zien, stuur dan een e-mail . So this additional revenue stream to WIC will be zero from March onwards. So to your question about competition intensifying, I think the whole thing of our strategy is all about category growth, okay? Yes. From a category perspective, we have a very significant OTC portfolio with intimate wellness and germ protection making other meaningful contributions. And after a dip in Q3 due to pricing-related customer issues in Western Europe, that all have been resolved by now, our shares are improving month-on-month. He led the household goods maker through the pandemic, which boosted sales of its health and hygiene products, and as the company navigated a baby formula crisis in the United States. And with cost inflation running at 17% for the year, this is really a truly commendable performance. Pros . Disculpa Found 1,814 of over 5K reviews. For example, in India, we started the year with a goal to increase our direct reach to customers by around 50%. As CEO of Reckitt Benckiser Group plc, Nicandro will receive a salary of 1,100,000. We are also very fortunate to be able to appoint Nicandro Durante as our CEO. If you look at this year's EPS, it's only marginally ahead of 2018. And with a strong cash flow generation and healthy balance sheet, the directors recommend a 5% increase in our total dividend. Reckitt Benckiser Group plc (OTCPK:RBGPF) Q4 2022 Results Conference Call March 1, 2023 8:00 AM ET, Nicandro Durante - Chief Executive Officer, Volker Kuhn - Chief Transformation Officer, Kris Licht - President of Health business and Chief Customer Officer, Pat Sly - President of Nutrition Business. Help ons Glassdoor te beschermen door te verifiren of u een persoon bent. Reckitt Benckiser Group plc (OTCPK:RBGPF) Q4 2022 Results Conference Call March 1, 2023 8:00 AM ET. I wonder if you are satisfied with your white space opportunities from those investments? There have been significant geopolitical events, and we have all faced inflationary conditions, unseen for many years. There was a question about the overall underlying margins of our infant formula business. 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. For Reckitt, specifically, we have also seen unprecedented demand for a number of our products, causing more pressure on our supply chain, normalization of disinfection business as we left off COVID comps, and of course, the departure of our CEO, Laxman Narasimhan. Half of our managers at Reckitt are women and a third of all senior leaders. Thank you, Pat. Actually, I think innovation that brings consumer value is always at a good timing and can always come faster. Reckitt's like-for-like sales were 28% higher in 2022 compared to 2019, interim CEO Nicandro Durante said. Reckitt Benckiser CEO Rakesh Kapoor, one of Britain's highest-paid CEOs, had his 2016 pay slashed by 39 percent following last year's humidifier disinfectant scandal in South Korea. Like-for-like net revenue growth in the quarter was 6.2% with improving trends in Hygiene, which returned to growth in the quarter, and the strong performance in Health and Nutrition. And thank you, Nicandro. Yes, we are very satisfied with the level of investment that we have put behind R&D, investments behind supply chain. There will be more brand investment. If you have an ad-blocker enabled you may be blocked from proceeding. My first question on -- you're saying that you are coming out of the distortion of the past few years for the first time in '23. Yes, as you said, it has been a very strong season. And also, we have a great pipeline of innovation, mainly Hygiene. And with true Reckitt focus, we aim to win in the fast-growing spaces in the market. Last year alone, more than 20%, driven by increased go-to-market coverage, strengthened brand building, and our new premium 10x line. As you're probably aware, normally, when you have a WIC contract, you pay heavy rebates for that. It's the second most trusted brand by U.S. consumers of all brands in all categories. That's what I'm targeting at least, and that's what I'd like to deliver. Please disable your ad-blocker and refresh. 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. I look forward to continuing the momentum. 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. Importantly, our developing market business, unaffected by the U.S. market disruption, grew mid-single digits in the year with market share improvements across all key markets. Both innovations are designed to grow the category as they deliver superior consumer delight at a premium pricing per dose. I know maybe more like 1.5% or 2% this year. If there's any change, then we'll come back and we'll give you that update in those intervals. Further detail will be set out in the 2022 Directors' Remuneration Report. On digital, whilst we still have more work to do, we have made some very good progress. We are now close to 90% regionally sourced. Half of Reckitt salaries are above $129,256. How should we think about the margin rebuild in the core? As it relates to the future, as we cited in another part of the presentation, we don't have a crystal ball. 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. Any other questions in the room? Cash conversion was 83%, a significant improvement from the prior year. 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. Our net revenue from more sustainable products was 24.4% for the year. And then just a couple of follow-ups on what you've already said. Please help us protect Glassdoor by verifying that you're a Join the community and see what employees are saying about their salaries. And we'd be more than happy to take your questions now. It's our first aerosol-free auto spray, and it delights with a new range of natural fragrances that consumers prefer. So there will be consequences. The transformation agenda Laxman and the Group Executive has led together is exciting and delivering results. In which case, okay, nice. So I think that the majority of our categories are not inelastic. So I just wanted to provide you with some high-level data points and our views on how we believe things may play out. I think you mentioned that there was some market share losses, but I was wondering if also you suffer from maybe elevated price elasticity. Further details of the Remuneration Committees decisions and the pay for Reckitts Executive Directors are set out on pages 134-157 of the 2020 Annual Report. 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. Going forward next year, you know that interest cost is going up a little bit, not for us, but for the whole world, unfortunately. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Our GBU ambition is anchored in Reckitt's purpose to relentlessly pursue a cleaner and healthier world with purpose-led superior brands. And our teams have become much, much better, much more adept at navigating that. Whilst momentum and delivery will continue, we must get better. In terms of the profitability of the WIC versus non-WIC that you gained, are those broadly comparable? In developing markets, we strengthened our reputation with health care professionals, or HCPs, during the year. Supported by innovation, supported by distribution gains. The strong equity of our brands, our innovation pipeline and our strengthened go-to-market muscle position us very well to win here. And those things have been resolved. Our e-commerce business represents 13% of our total net revenue, and we have plans to further increase this percentage in the coming years. Go ahead. 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. The 66-year old will receive a salary of 1.1 million pounds ($1.3 million) as Reckitt CEO, the company said, adding that . I'm very pleased that adjusted operating profit reached 3.4 billion, up 9.2% versus last year at constant currency with a margin of 23.8%, up 90 basis points versus 2021. We target further broad-based growth across the business, whilst recognizing that we still have to lap the sustainable portion of gains from the competitor supply chain in our U.S. nutrition business. Mexico's Best Employers (2022) Packaged Goods #477. . With immediate effect, Nicandro will cease to be the Senior Independent Director and will step down from the Nomination, Remuneration and CRSEC Committees of the Board. 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. These awards remained subject to PepsiCo's performance conditions and full details can be found on page 125 of the 2019 Annual Report. Whether you saw any kind of destocking in the latter part of '22, or whether there are actually areas where the retailers are still kind of quite short of stock? What classifies as significant? Since then, we have introduced different tiers of premium-priced thermoformed tablets. 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. So without any further ado, I'd like to introduce our CEO, Nicandro Durante, to kick things off. The United States is the largest market and makes up around half of our global business. So I expect a better trend going for '23. I think that quarter one for Lysol is going to be a strong comparator yet. Reckitt Benckiser Group plc ("Reckitt") today announces that its CEO, Laxman Narasimhan will step down as Chief Executive Officer on September 30, 2022. I am therefore pleased that 2022 was a year of delivery and momentum for Reckitt. I'm excited about the significant opportunities ahead for Dettol in the future, and we are well-positioned to grow the business in 2023 and beyond. But I think that I saw Volker stand there, because Volker should be -- some of the -- who would like to complement my speech? The 66-year old will receive a salary of 1.1 million pounds ($1.3 million) as Reckitt CEO, the company said, adding that he is being appointed on a rolling contract with six months' notice on . 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. Sort. A few years ago, we introduced essential mist diffusers in the U.S. By now a $100 million POS segment, and our share is above 90%, and this segment keeps growing. We do see that consumers look to our brands to treat COVID symptoms and COVID-related illness. Visit PayScale to research Reckitt Benckiser, Inc. salaries, bonuses, reviews, benefits, and more! And so in that regard, we are not expecting any kind of very sharp drop off in demand. 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%. 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. We further improved our service to consumers and customers, recognized in both the advantage survey scores by Kantar United States and through some specific customers' awards. This has led to strong category growth over the last three years. The overall rating of Reckitt Benckiser is 4.1, with Salary & Benefits being rated at the top and given a rating of 3.9. Now as you know, we made important investments and capabilities in all critical areas. Would you consider launching buybacks in the near future? See Reckitt salaries collected directly from employees and jobs on Indeed. We delivered broad-based mid-single-digit growth across our portfolio, except for Lysol. And then the second question, just thinking through the headwind from U.S. infant formula unwind in '23. Ajude-nos a manter o Glassdoor seguro confirmando que voc uma pessoa de And that's why we mentioned that we have a significant increase in brand investment behind those innovations. Reckitt Benckiser is a global consumer goods company selling health, hygiene and . Like in Germany, with our adult Nurofen proposition. And we extended our market share by 300 basis points, and we have grown revenues with double-digit CAGR. However, there's no doubt the market will become more competitive in 2023. Once we have wrapped up, we will be delighted to take any questions you may have. So that's really what we do. In this episode of the Inside the Strategy Room podcast, senior partner Celia Huber speaks with Laxman Narasimhan, the CEO of Reckitt Benckiser. We are working very hard on that. After three years as chief executive officer, he's decided step down on Sept. 30. 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. Reckitt employees rate their compensation and benefits as 3.8 out of 5.
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