Full Year 2021 Rentokil Initial PLC Earnings Presentation Transcript - Thomson StreetEvents

Full Year 2021 Rentokil Initial PLC Earnings Presentation Transcript

Full Year 2021 Rentokil Initial PLC Earnings Presentation Transcript - Thomson StreetEvents
Full Year 2021 Rentokil Initial PLC Earnings Presentation Transcript
Published Mar 03, 2022
23 pages (19003 words) — Published Mar 03, 2022
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Transcript of RTO.L earnings conference call or presentation 3-Mar-22 9:15am GMT

  
Brief Excerpt:

...Good morning, ladies and gentlemen, and thank you all for joining us today. In a few moments, Stuart will provide you with details of our results for 2021, looking at our 5 regions where we have again delivered an excellent overall financial performance, with revenue, profit and cash each in excess of our medium-term targets. I'll then come back and I'll provide an update on the strong performance of our categories last year and reiterate the compelling industrial and financial logic of the Terminix transaction before taking questions. So to set the scene, let me just say a few words by covering the highlights of 2021. Revenue from ongoing operations increased by 9.8% to just over GBP 3 billion at constant exchange rates, with organic growth excluding disinfection at 7.5%. That's the highest level for many years. And with strong contributions being made in Pest Control of 8.1%; and in core hygiene of 7.4%. Ongoing operating profit grew by 19.5% reflecting good performances across our regions...

  
Report Type:

Transcript

Source:
Thomson StreetEvents
Company:
Rentokil Initial PLC
Ticker
RTO.L
Time
9:15am GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Sylvia Pavlova Barker - JPMorgan Chase & Co, Research Division - Analyst : It's sylvia Barker from JPMorgan. A couple from me as well, please. Firstly, on central costs. So those came in, I guess, GBP 10 million to GBP 15 million higher. So can we maybe just unpack what was kind of the reason for that? And then you're guiding to that again being higher year-on-year in '22. And it seems like a lot of the inflationary impacts flow through central costs. So can you maybe just comment on what exactly is included there? And fuel, et cetera, is something that -- some of the categories we might have thought were in the divisions might be in central costs? And then just a second quick one. On the North American revenue recognition change, that 20 basis points. Does that haven't -- obviously, you've kept the 18% margin target for the end of '22? Is that basically a 17.8% margin target now? What's the impact in '22 as well?

Question: Sylvia Pavlova Barker - JPMorgan Chase & Co, Research Division - Analyst : Okay. And I guess the difference. So 16.5% to 17%, you've come in the middle with the 20 basis points, it was labor fueled because presumably though will be in the middle. It was slightly weaker because... REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. MARCH 03, 2022 / 9:15AM, RTO.L - Full Year 2021 Rentokil Initial PLC Earnings Presentation

Table Of Contents

Q3 2024 Rentokil Initial PLC Trading Statement Call (Morning Session) Transcript – 2024-09-11 – US$ 54.00 – Edited Transcript of RTO.L sales update conference call or presentation 11-Sep-24 7:00am GMT

Half Year 2024 Rentokil Initial PLC Earnings Presentation Transcript – 2024-07-25 – US$ 54.00 – Edited Transcript of RTO.L earnings conference call or presentation 25-Jul-24 8:15am GMT

Half Year 2023 Rentokil Initial PLC Earnings Presentation Transcript – 2023-07-27 – US$ 54.00 – Edited Transcript of RTO.L earnings conference call or presentation 27-Jul-23 8:15am GMT

Full Year 2022 Rentokil Initial PLC Earnings Call Transcript – 2023-03-16 – US$ 54.00 – Edited Transcript of RTO.L earnings conference call or presentation 16-Mar-23 9:15am GMT

Half Year 2022 Rentokil Initial PLC Earnings Presentation Transcript – 2022-07-28 – US$ 54.00 – Edited Transcript of RTO.L earnings conference call or presentation 28-Jul-22 8:15am GMT

Rentokil Initial PLC to Acquire Terminix Global Holdings Inc Call - 1st Session Transcript – 2021-12-14 – US$ 54.00 – Edited Transcript of RTO.L M&A conference call or presentation 14-Dec-21 9:00am GMT

Rentokil Initial PLC to Acquire Terminix Global Holdings Inc Call - 2nd Session Transcript – 2021-12-14 – US$ 54.00 – Edited Transcript of RTO.L M&A conference call or presentation 14-Dec-21 1:00pm GMT

Rentokil Initial PLC Capital Markets Day Transcript – 2021-09-28 – US$ 54.00 – Edited Transcript of RTO.L corporate analyst meeting</ 28-Sep-21 11:00am GMT

Half Year 2021 Rentokil Initial PLC Earnings Presentation Transcript – 2021-07-29 – US$ 54.00 – Edited Transcript of RTO.L earnings conference call or presentation 29-Jul-21 8:00am GMT

Half Year 2021 Rentokil Initial PLC Earnings Call - Q&A Session Transcript – 2021-07-29 – US$ 54.00 – Edited Transcript of RTO.L earnings conference call or presentation 29-Jul-21 9:00am GMT

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MLA:
Thomson StreetEvents. "Full Year 2021 Rentokil Initial PLC Earnings Presentation Transcript" Mar 03, 2022. Alacra Store. May 17, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Full-Year-2021-Rentokil-Initial-PLC-Earnings-Presentation-T15142668>
  
APA:
Thomson StreetEvents. (2022). Full Year 2021 Rentokil Initial PLC Earnings Presentation Transcript Mar 03, 2022. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Full-Year-2021-Rentokil-Initial-PLC-Earnings-Presentation-T15142668>
  
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