Diageo Results Presentation Deck

Operating margin contraction driven by LAC Excluding LAC positive gross margin and increased A&P Movement in organic operating margin incl. LAC F23 H1 (56)bps Gross margin (167)bps DIAGEO 25 | Interim Results Fiscal 24 (75)bps Marketing (36)bps Other operating items F24 H1 Movement in organic operating margin excl. LAC F23 H1 2bps Gross margin (53)bps (70)bps Marketing 15bps Other operating items F24 H1 Source: Diageo

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