Half Year 2024 Diageo PLC Earnings Presentation (Pre-Recorded) Transcript

Jan 30, 2024 / 07:15AM GMT
Presentation (Pre-Recorded)
Jan 30, 2024 / 07:15AM GMT

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Corporate Participants
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* Debra A. Crew
Diageo plc - CEO & Executive Director
* Lavanya Chandrashekar
Diageo plc - CFO & Director

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Debra A. Crew - Diageo plc - CEO & Executive Director

Good morning, everyone. Thank you for joining our results presentation for the first half of fiscal '24. As we shared in November, we expected that the first half of fiscal '24 was going to see slower growth than the second half of fiscal '23, due to materially weaker performance in LAC, our Latin American Region, which is nearly 10% of Diageo's net sales value. We ended the half in line with our November trading update. But let me be clear, we are not satisfied with these results.

Today, I will share my reflections on our performance for the half, including an update on LAC. Lavanya will then discuss our results in more detail before I return to discuss our near-term outlook.

The group's organic net sales

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