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Haleon plc(HLN) - 2023 Q3 - Earnings Call Transcript
2023-11-02 15:00
Then Caltrate was also more of a one-time thing, the distributor change in China and then last year Southeast Asia was very strong. So, again, I think not concerned about Caltrate, particularly not for China where the biggest market is. And moreover with VMS I think we remain confident in the category, and it is back to growth now, so we had two strong years of growth in VMS. And I think now it is coming back with Emergen-C down, but Centrum more than making up for that. Thank you very much. Operator Can yo ...
Haleon plc(HLN) - 2023 Q2 - Earnings Call Presentation
2023-08-02 18:50
2023 Half year results August 2023 This presentation contains certain statements that are, or may be deemed to be, "forward-looking statements" (including for purposes of the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934). Forward-looking statements give Haleon's current expectations and projections about future events, including strategic initiatives and future financial condition and perfo ...
Haleon plc(HLN) - 2023 Q2 - Earnings Call Transcript
2023-08-02 14:47
Haleon plc (NYSE:HLN) Q2 2023 Earnings Conference Call August 2, 2023 5:00 AM ET Company Participants Sonya Ghobrial - Head, Investor Relations Brian McNamara - Chief Executive Officer Tobias Hestler - Chief Financial Officer Conference Call Participants Iain Simpson - Barclays Guillaume Delmas - UBS Rashad Kawan - Morgan Stanley Chris Pitcher - Redburn Alicia Forry - Investec Olivier Nicolai - Goldman Sachs Bruno Monteyne - Bernstein Tom Sykes - Deutsche Bank Sonya Ghobrial Good morning, everyone and welco ...
Haleon plc(HLN) - 2023 Q2 - Quarterly Report
2023-08-02 10:03
Exhibit 99.1 2 August 2023 2023 Half year results Six months ended 30 June 2023 (unaudited) Strong growth, driven by price with another quarter of positive volume mix Increased operating profit given positive operational leverage Strong execution in delivering on deleveraging commitment Well placed for future growth, updated guidance | Reported results | | | Adjusted results | 1 | | | --- | --- | --- | --- | --- | --- | | Six months ended 30 June | 2023 | vs 2022 | | 2023 | vs 2022 | | Revenue | £5,738m | 1 ...
Haleon plc(HLN) - 2022 Q4 - Annual Report
2023-03-20 15:27
Financial Performance - 2022 revenue reached £10.9 billion, representing a 13.8% increase from £9.5 billion in 2021[18] - Operating profit increased to £1.8 billion, with an operating profit margin of 16.8%[18] - Free cash flow for 2022 was £2.1 billion, up from £1.4 billion in 2021[19] - Adjusted operating profit reached £2.5 billion in 2022, compared to £2.2 billion in 2021, maintaining an adjusted operating profit margin of 22.8%[86] - Revenue increased to £10.9 billion in 2022, up from £9.5 billion in 2021, representing a growth of approximately 14.7%[85] - Organic revenue growth was 9.0%, with 2/3 of the business gaining or maintaining market share[23] - Organic revenue growth for 2022 was 9.0%, with a medium-term guidance of 4-6% annual organic revenue growth[96][97] - Haleon reported a strong revenue growth of 13.8% and organic revenue growth of 9.0% for 2022, driven by both volume and price growth[46] Strategic Goals - The company aims for annual organic revenue growth of 4-6% and moderate adjusted operating margin expansion in the medium term[33] - The company aims for a medium-term guidance of 4-6% annual organic revenue growth, supported by a strong brand portfolio and disciplined execution of its strategy[48] - Haleon has identified opportunities for annualized gross cost savings of £300 million over the next three years through increased agility and productivity[54] - The company aims to maintain its pay-out ratio around the current level, subject to Board approval, as part of its capital allocation priorities[39] - The company plans to mitigate inflationary cost pressures through initiatives like early forward buying and supply chain improvements[74] Innovation and Product Development - The company launched 52 new products, line extensions, and upgrades during the year[24] - The company has delivered more than 19,000 regulatory approvals in the last three years, showcasing its commitment to R&D and innovation[78] - In 2022, the company invested £303 million in R&D, launching 52 new innovations and progressing over 250 active projects[147] - The company launched natural product variants in 2022, including Theraflu Naturals and Emergen-C Botanicals, targeting younger consumers[148] - The company is progressing two active Rx-to-OTC switch projects, recognizing the long-term commitment required for regulatory processes[148] Sustainability and Environmental Initiatives - The company invested approximately £9 million in a solar farm in Puerto Rico, enhancing its sustainability efforts[28] - The company aims to achieve 100% reduction in net Scope 1 and 2 carbon emissions by 2030, having already achieved 100% renewable electricity across its sites[109][110] - The company aims to achieve net zero carbon emissions from source to sale by 2040, with a 41% reduction in net Scope 1 and 2 carbon emissions reported in 2022 compared to the 2020 baseline[167] - Haleon plans to reduce virgin petroleum-based plastic usage by 10% by 2025 and by one-third by 2030, with 65% of packaging being recycle-ready in the 2022 reporting period[167] - In 2022, 92% of Haleon's palm oil derivatives were mass-balance RSPO certified, with a focus on sustainable sourcing by 2030[167] - The company aims to achieve TRUE Certification at its manufacturing sites by 2030 and AWS standard by 2025, with plans for water neutrality in water-stressed basins by 2030[167] - Haleon has set a target to reduce net Scope 1 and 2 carbon emissions by 100% by 2030, using 2020 as the baseline[167] Market Position and Consumer Engagement - The company has a strong portfolio with leading positions in five global market categories, contributing to 58% of total revenue[16] - E-commerce accounted for 9% of total sales, indicating increased channel penetration[23] - E-commerce sales grew 16% to represent 9% of total sales in 2022, with significant growth in the US (7%) and China (40%)[150] - The company is committed to expanding its e-commerce channel to mid-teens as a percentage of group sales by 2025[150] - The Haleon 'HealthPartner' portal attracted 3.6 million new users, with 30,000 hours of webinar content engaged[126] Employee Engagement and Diversity - The percentage of women in leadership roles reached 43.7%, with a goal of achieving gender parity globally by 2030[111] - The overall employee engagement index score for 2022 was 80%[126] - Haleon is focused on building high-performing, diverse teams and launched 'The Haleon Experience' to enhance employee engagement in 2022[176] - In 2022, 80% of employees reported that Haleon is fulfilling its core engagement values, indicating strong employee engagement[185] - Haleon aims to achieve gender parity in its leadership community globally by 2030, with a target of 48-52% representation[190] - The company introduced a Global Parental Leave Policy in 2022, providing 26 weeks of fully paid leave for all new parents[192] - Haleon has established a Global DEI Council that meets quarterly to drive accountability for diversity, equity, and inclusion initiatives[191] - The company introduced a Global Caregiver Leave Policy in 2022, offering four weeks of fully paid leave for employees caring for loved ones[182] Community and Social Responsibility - Haleon donated over £1.7 million to the British Red Cross Ukraine Crisis Appeal in 2022 and launched the 'Haleon Helps' volunteering program in February 2023[167] - The Otrivin educational program has reached 3,000 school children and is being expanded across the UK, Poland, India, and Egypt[163] - The company is committed to integrating human rights into its business operations, with annual human rights risk assessments planned[170] Compliance and Risk Management - The company aims to maintain compliance with updated regulatory standards through engagement with governments and industry regulators[126] - The company maintained a 100% success rate in regulatory inspections across its internal supply network in 2022[153] - Haleon conducted a detailed analysis of its business in 2022 following TCFD recommendations to understand climate-related risks and opportunities[197]
Haleon plc(HLN) - 2022 Q4 - Annual Report
2023-03-20 15:26
Financial Performance - 2022 revenue reached £10.9 billion, representing a 13.8% increase from £9.5 billion in 2021[25] - Organic revenue growth was 9.0%, compared to a decline of 3.5% in 2021[25] - Operating profit margin improved to 16.8%, up from 17.2% in 2021[25] - Haleon reported strong revenue growth of 13.8% and organic revenue growth of 9.0% for 2022, driven by volume and price growth[48] - Adjusted operating profit increased from £2.1 billion in 2020 to £2.5 billion in 2022, reflecting a strong business model[80] - The company maintained a healthy balance of organic growth in 2022 with a 4.3% price increase and a 4.7% volume/mix growth[147] Growth Strategy - The company aims for annual organic revenue growth of 4-6% and sustainable moderate margin expansion[35] - Haleon aims for medium-term guidance of 4-6% annual organic revenue growth, supported by a strong brand portfolio and disciplined execution of strategy[50] - Haleon has identified significant growth opportunities in emerging markets, particularly in China and India[56] - The company is focused on increasing household penetration of its products and expanding its portfolio across channels and geographies[54] - The company aims to continue driving market share gains through brand building and increased investment in A&P and R&D[93] Product Development - A total of 52 product launches were executed, including new products and line extensions[30] - In 2022, Haleon launched 52 new innovations with an Adjusted R&D expenditure of £303 million, progressing over 250 active projects across all categories[141] - Haleon launched natural product variants in 2022, including Theraflu Naturals and Emergen-C Botanicals, targeting younger consumers[144] E-commerce and Sales Channels - E-commerce accounted for 9% of total sales, indicating increased channel penetration[30] - E-commerce sales grew by 16% in 2022, accounting for 9% of total sales, with the US and China seeing growth rates of 7% and 40% respectively[144] - Haleon aims to increase e-commerce sales to the mid-teens percentage by 2025, focusing on improving content and optimizing media[144] Financial Management - The company plans to reduce net debt/Adjusted EBITDA to less than 3x by 2024[35] - Net debt to Adjusted EBITDA ratio was 3.6x as of December 31, 2022, with a target to reduce it to below 3x by 2024[88][90] - The company has repaid £1.5 billion of its term loan since demerger, supported by strong cash flow and disciplined capital allocation[89] Environmental Commitment - The company aims to achieve 100% reduction in net Scope 1 and 2 carbon emissions by 2030, having already achieved 100% renewable electricity across its sites[98][99] - 65% of Haleon's packaging is recycle-ready, with a goal to develop recycle-ready solutions for all product packaging by 2025[103][105] - Haleon aims to achieve net zero carbon emissions from source to sale by 2040, with a 41% reduction in net Scope 1 and 2 carbon emissions reported in 2022[160][162] - The company plans to reduce the use of virgin petroleum-based plastic by 10% by 2025 and by one-third by 2030, based on the 2020 baseline[162] Employee Engagement and Culture - Employee engagement survey indicated that 80% of employees feel Haleon is fulfilling its core index measures, with a focus on improving identified areas[106] - The overall employee engagement index score for 2022 was 80%, with areas for improvement identified in work processes and opportunities for growth[21] - Haleon aims to achieve gender parity in its leadership community globally by 2030, targeting a representation of 48-52%[184] - The Global Parental Leave Policy provides 26 weeks of fully paid leave for all new parents, regardless of gender or family structure[187] Community and Social Responsibility - Haleon empowered 22.4 million people through health inclusivity initiatives in 2022, with a goal to reach 50 million by 2025[155] - Haleon donated over £1.7 million to the British Red Cross Ukraine Crisis Appeal in 2022 and launched the 'Haleon Helps' volunteering program in February 2023[157] Governance and Risk Management - The company is committed to upholding the UN Guiding Principles on Business and Human Rights and conducts annual human rights risk assessments[166] - Haleon has established a Global DEI Council to oversee diversity, equity, and inclusion initiatives, meeting quarterly to set priorities[186] - The company emphasizes the importance of embedding risk management in daily business operations[208]
Haleon plc(HLN) - 2023 Q1 - Quarterly Report
2023-03-02 14:17
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of March 2023 Commission File Number: 001-41411 Haleon plc (Translation of registrant's name into English) England and Wales (Jurisdiction of Incorporation) Building 5, First Floor, The Heights, Weybridge, Surrey, KT13 0NY (Address of principal executive offices) Indicate by check mark whether the registran ...
Haleon plc(HLN) - 2022 Q2 - Earnings Call Presentation
2022-10-01 20:58
HALEON 2022 Half year results September 2022 Disclaimer This presentation contains certain statements that are, or may be deemed to be, "forward-looking statements" (including for purposes of the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934). Forward-looking statements give Haleon's current expectations and projections about future events, including strategic initiatives and future financia ...
Haleon plc(HLN) - 2022 Q3 - Quarterly Report
2022-09-20 16:00
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of September 2022 Commission File Number: 001-41411 Haleon plc (Translation of registrant's name into English) England and Wales (Jurisdiction of Incorporation) Building 5, First Floor, The Heights, Weybridge, Surrey, KT13 0NY (Address of principal executive offices) Indicate by check mark whether the registrant files or ...