Interim Results 2023: Strong Business Performance and Sustainable Growth | Diageo

“We believe that our core capabilities across brand building, digital, supply chain and culture are a competitive advantage.” (Ivan Menezes, Chief Executive)

To find out more about our 2023 interim results, visit: https://www.diageo.com/en/news-and-media/press-releases/2023/2023-interim-results-half-year-ended-31-december-2022

Presented by Ivan Menezes, our Chief Executive, and Lavanya Chandrashekar, our Chief Financial Officer, these interim results show how the resilience of our business is the key factor in how we move forward in fiscal 23.

The Headlines:
1. Our business is 36% bigger on a constant basis than pre-Covid
2. Johnnie Walker grew net sales by 21% in the first half of fiscal 23
3. Diageo continues to progress the delivery of Society 2030 ESG goals and doing business the right way

In this film, we talk you through:
00:00 Introduction from Ivan Menezes, Chief Executive
01:43 Results across key financial metrics
03:03 Sales growth performance across the world
04:45 Quality market share gains
05:20 Super premium alcohol growth
06:55 Brand building investment growth
09:56 2030 Spirit of Progress campaigns
12:09 Introduction from Lavanya Chandrashekar, Chief Financial Officer
13:50 How we deliver quality long-term growth
14:25 Organic net sales growth
18:20 Premium-plus brand sales growth
19:11 Revenue growth management
20:50 Productivity initiatives
23:30 How we will cope with cost inflation
27:21 Our approach to capital allocation
28:47 Foreign exchange
32:05 Closing comments from Lavanya Chandrashekar, Chief Financial Officer
32:58 Summary from Ivan Menezes, Chief Executive

About Diageo:
With over 200 brands sold in more than 180 countries, our portfolio offers something for every taste and celebration. We are a global leader in beverage alcohol with an outstanding collection of brands across spirits and beer; including Guinness, Johnnie Walker and Baileys. We aim for the highest standards in all that we do, mixing responsibility and reliability with incredible flair. Celebrating life, every day, everywhere.

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Watch more content about our strategic priorities: https://www.youtube.com/playlist?list=PL7yKiyUVNV3fpSnSnI6vG-BEaN6xictf7

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Diageo - Celebrating life, Every day, Everywhere.
#WeAreDiageo #Diageo #InterimResults23

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