Half Year 2023 Rentokil Initial PLC Earnings Presentation Transcript - Thomson StreetEvents

Half Year 2023 Rentokil Initial PLC Earnings Presentation Transcript

Half Year 2023 Rentokil Initial PLC Earnings Presentation Transcript - Thomson StreetEvents
Half Year 2023 Rentokil Initial PLC Earnings Presentation Transcript
Published Jul 27, 2023
18 pages (14093 words) — Published Jul 27, 2023
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Transcript of RTO.L earnings conference call or presentation 27-Jul-23 8:15am GMT

  
Brief Excerpt:

...All right. Good morning, ladies and gentlemen. Thank you all for joining us here today in person and online. In a few moments, Stuart is going to provide you with details of our strong start to the year with the group financial and regional performances. I'll then come back to provide an update on our businesses and on our bolt-on M&A program. After that, I'll spend some time updating you on the very good progress that we've made in the first half on synergy delivery and the early stages of integration of our Rentokil and Terminix pest control operations in North America. At group level, we delivered a strong operational and financial performance in the half. Revenue increased by 65.3% to GBP 2.7 billion with organic growth of 5.9%. Adjusted operating profit grew by 81.7% to GBP 434 million, and we delivered a group operating margin of 16.3%, which is an increase of 150 basis points. Through the acquisition program, we acquired 24 businesses with annualized revenues of GBP 79 million, predominantly...

  
Report Type:

Transcript

Source:
Thomson StreetEvents
Company:
Rentokil Initial PLC
Ticker
RTO.L
Time
8:15am 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: James Beard - Numis Securities Limited, Research Division - Analyst : It's James Beard at Numis. Two questions, please. Firstly, on North American organic revenue growth, you said that in H2, you expect that to be broadly in line with what you achieved in H1. Just wondering if you can talk through the moving parts there, given that you said that the products -- Pest Control products business should see a sort of bouncing back of demand in the second half after having a weak H1. And then the second question, which might well be interlinked to the first, was in terms of the sort of wider -- moving beyond the pilots next year into sort of wider branch integration. What is your expectation for the drag on organic revenue growth within North America in '24 as a result of that?

Table Of Contents

Rentokil Initial PLC Q3 2024 Earnings Call (Morning Session) Transcript – 2024-10-17 – US$ 54.00 – Edited Transcript of RTO.L earnings conference call or presentation 17-Oct-24 8:00am GMT

Rentokil Initial PLC Q3 2024 Earnings Call (Afternoon Session) Transcript – 2024-10-17 – US$ 54.00 – Edited Transcript of RTO.L earnings conference call or presentation 17-Oct-24 12:00pm GMT

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

Q3 2024 Rentokil Initial PLC Trading Statement Call (Afternoon Session) Transcript – 2024-09-11 – US$ 54.00 – Edited Transcript of RTO.L sales update conference call or presentation 11-Sep-24 12:00pm 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

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

Full Year 2021 Rentokil Initial PLC Earnings Presentation Transcript – 2022-03-03 – US$ 54.00 – Edited Transcript of RTO.L earnings conference call or presentation 3-Mar-22 9:15am 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

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MLA:
Thomson StreetEvents. "Half Year 2023 Rentokil Initial PLC Earnings Presentation Transcript" Jul 27, 2023. Alacra Store. May 17, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Half-Year-2023-Rentokil-Initial-PLC-Earnings-Presentation-T15647072>
  
APA:
Thomson StreetEvents. (2023). Half Year 2023 Rentokil Initial PLC Earnings Presentation Transcript Jul 27, 2023. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Half-Year-2023-Rentokil-Initial-PLC-Earnings-Presentation-T15647072>
  
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