Diageo Results Presentation Deck
DELIVERING SUSTAINABLE LONG-TERM GROWTH
Cautionary statements concerning forward-looking statements and non-GAAP financial measures
This document contains 'forward-looking' statements, including statements related to the medium term guidance issues on 16 November 2021, future TBA market share
ambitions and our expectations of performance for the second half of fiscal 22. Forward-looking statements can be identified by the fact that they do not relate only to
historical or current facts. In particular, forward-looking statements include all statements that express forecasts, expectations, plans, outlook, objectives and projections with
respect to future matters, including trends in results of operations, margins, growth rates, overall market trends, the impact of changes in interest or exchange rates, the
availability or cost of financing to Diageo, anticipated cost savings or synergies, expected investments, the completion of any strategic transactions or restructuring
programmes, anticipated tax rates, changes in the international tax environment, expected cash payments, outcomes of litigation or regulatory enquiries, anticipated
changes in the value of assets and liabilities related to pension schemes and general economic conditions. By their nature, forward-looking statements involve risk and
uncertainty because they relate to events and depend on circumstances that will occur in the future. There are a number of factors that could cause actual results and
developments to differ materially from those expressed or implied by these forward-looking statements, including factors that are outside Diageo's control.
DIAGEO
Factors that could cause actual results and developments to differ materially from those expressed or implied by forward-looking statements include, but are not limited to:
economic, political, social or other developments in countries and markets in which Diageo operates (including as a result of the Covid-19 pandemic), which may
contribute to a reduction in demand for Diageo's products, adverse impacts on Diageo's customer, supplier and/or financial counterparties, or the imposition of import,
investment or currency restrictions (including the potential impact of any global, regional or local trade wars or any tariffs, duties or other restrictions or barriers imposed
on the import or export of goods between territories, including but not limited to, imports into and exports from the United States and the European Union and/or the
United Kingdom, as well as the United Kingdom's recent departure from the European Union);
the impact of the Covid-19 pandemic, or any other global or regional public health threats, on Diageo's business, financial condition, cash flows and results of operation;
the effects of climate change, or legal, regulatory or market measures intended to address climate change, on Diageo's business or operations, including on the cost and
supply of water;
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changes in consumer preferences and tastes, including as a result of disruptive market forces, changes in demographics, evolving social trends (including any shifts in
consumer tastes towards at-home occasions, premiumisation, small-batch craft alcohol, lower or no alcohol, or other alternative products), changes in travel, holiday or
leisure activity patterns, weather conditions, health concerns, pandemics and/or a downturn in economic conditions;
changes in the domestic and international tax environment, including as a result of the OECD Base Erosion and Profit Shifting Initiative and EU anti-tax abuse measures,
leading to uncertainty around the application of existing and new tax laws and unexpected tax exposures;
changes in the cost of production, including as a result of increases in the cost of commodities, labour and/or energy, supply chain disruptions and/or inflation;
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36 | Interims Results Fiscal 22View entire presentation