Slides
Page 1
2Q 2026 EARNINGS PRESENTATION July 31, 2026
Page 2
Please review the following second quarter 2026 earnings presentation in conjunction with our second quarter 2026 earnings press release, our second quarter 2026 prepared management remarks and additional information regarding our non-GAAP financial measures, including GAAP to non-GAAP reconciliations. Our presentation contains non-GAAP financial measures, which differ from our reported results prepared in accordance with U.S. generally accepted accounting principles (GAAP). These non-GAAP financial measures of operating results exclude items that, either by their nature or amount, management would not expect to occur as part of the Company’s normal business on a regular basis, such as restructuring charges, charges for certain litigation and tax matters, acquisition-related costs, gains and losses from certain divestitures and certain other unusual, non-recurring items. We may also refer to organic sales growth, which is Net sales growth excluding the impact of foreign exchange, acquisitions and divestments, or to free cash flow before dividends, which we define as Net cash provided by operations less Capital expenditures. A complete, quantitative reconciliation between our reported results and these non-GAAP financial measures is available in the Investor Center section of our website at www.colgatepalmolive.com/investors and in Tables 4, 6, 7, 8 and 9 of the second quarter 2026 earnings press release. Our presentation may contain forward-looking statements (as that term is defined in the U.S. Private Securities Litigation Reform Act of 1995 or by the Securities and Exchange Commission (the SEC) in its rules, regulations and releases) that set forth anticipated results based on management’s current plans and assumptions. These statements are made on the basis of our views and assumptions as of July 31, 2026, and we undertake no obligation to update these statements whether as a result of new information, future events or otherwise, except as required by law or by the rules and regulations of the SEC. Moreover, we do not, nor does any other person, assume responsibility for the accuracy and completeness of these statements. We caution investors that forward-looking statements are not guarantees of future performance and actual events or results may differ materially from those statements. For information about factors that could impact the Company’s business and cause actual results to differ materially from forward-looking statements, refer to the Company’s filings with the SEC (including, but not limited to, the information set forth under the captions “Risk Factors” and “Cautionary Statement on Forward-Looking Statements” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and subsequent filings with the SEC). Copies of these filings may be obtained upon request from the Company’s Investor Relations Department or on the Company’s website at www.colgatepalmolive.com/investors. Notice for Investor Presentation July 2026
Page 3
We are a $20.4B global consumer products company with a diverse and dedicated team serving over 200 countries and territories. As a caring, innovative growth company, we are united behind our purpose: reimagining a healthier future for all people, their pets and our planet.
Page 4
Tightly Focused on Four Attractive Growing Core Categories
Page 5
Oral Care Pet Nutrition Personal Care Home Care
Page 6
*Non-GAAP ● Delivered strong results including growth in net sales and organic sales, and increases in Base Business gross profit, gross profit margin, operating profit, operating profit margin, net income and EPS, despite a very challenging operating environment ● Net sales increased 4.9%; Organic sales* increased 2.4%, including a 0.4% negative impact from lower private label pet food sales as we have exited that non-strategic business ● Net sales and organic sales grew in 3 of 4 categories and in 4 of 5 divisions during the quarter ● Advertising spending increased 15% to a record 14.5% to sales ● Base Business EPS* increased 8% ● Free cash flow* increased 18% year to date ● Global toothpaste market share was up 20 basis points on a value basis year to date 2Q 2026 Highlights
Page 7
“We delivered these strong results while continuing to invest in the long-term health of our business with a 15% increase in advertising this quarter. Strong levels of investment will continue in the back half of the year as we execute against our 2030 strategy with a focus on premium, science-led innovation and omni-channel demand generation to drive brand health and category growth. While we expect the volatile market conditions to continue in the balance of 2026, we are confident that the strength of our global portfolio and clear business strategy should enable us to deliver consistent, compounded earnings per share growth and drive long-term shareholder value.” Noel Wallace Chairman, President and Chief Executive Officer
Page 8
Leverage the global reach and penetration of our brands Build the incremental benefit of superior, science-based innovation Harness the power of best in class omni-channel demand generation Lead in capabilities like data, analytics and AI Accelerating Change for 2030 to Unlock More Growth Evolve our high-impact, inclusive culture
Page 9
Key Initiatives Includes initiatives to optimize the Company’s global supply chain and to better align the Company’s organizational structure to support its strategic initiatives, including accelerating innovation, data, analytics, AI and omni-channel demand generation. Financial Projections Projected to result in cumulative pre-tax charges totaling between $350 and $550 million over the course of the three-year program.* Cumulative pre-tax savings are projected to be $200 million to $300 million, annually.* Strategic Growth and Productivity Program Supporting Our 2030 Strategy *Once all initiatives are approved and implemented. The Company expects substantially all of the charges to be incurred by December 31, 2028.
Page 10
Organic Sales Growth 2Q 2026: Org sales growth +2.4%, Org volume growth +0.8%, Pricing growth +1.6% Non-GAAP *2026 Guidance: 1% to 4% } Long- Term Target Range 3-5% 2026 Guidance*
Page 11
● Net sales growth still expected to be 2% to 6%, including a low-single-digit positive impact from foreign exchange. ● Gross profit margin now expected to be roughly flat for the year (versus down previously). ● Advertising still expected to be up as a percentage of net sales and on a dollar basis. ● GAAP EPS still expected to be up double digits. Based on current spot rates: 2026 Guidance - GAAP
Page 12
● Organic sales growth still expected to be 1% to 4%. This includes the impact from our exit from the private label pet food business. ● Gross profit margin now expected to be roughly flat for the year (versus down previously). ● Advertising still expected to be up as a percentage of net sales and on a dollar basis. ● Base Business EPS now expected to be up mid-single digits (versus up low- to mid-single digits previously). Based on current spot rates: 2026 Guidance - Non-GAAP/Base Business
Page 13
$ in billions Delivered Record Free Cash Flow in 2025 2Q 2026 YTD: $1.5 billion +18% YOY Non-GAAP
Page 14
● Investing for growth and productivity through capital expenditures ● Returning value to shareholders through dividends and share repurchases ○ $1.4 billion returned to shareholders in 2026 YTD through Q2 ● M&A aligned with our strategy Capital Allocation Strategy
Page 15
Dividends Paid Per Share 63 Consecutive Years Of Dividend Increases 131 Consecutive Years Of Dividend Payments $28.5 Billion Cash Returned to Shareholders Last 10 Years Consistent Dividend Growth As of December 31, 2025
Page 16
Science-led, Core and Premium Innovation
Page 17
• Color corrects yellow tones* • Driving strong toothpaste share gains in key markets • Colgate Optic White Purple Serum - for a whitening boost when you need it *effect is temporary Accelerating Whitening Adoption With Purple Range
Page 18
• Clinically proven formula with 5% hydrogen peroxide level • Now with ActivShine Technology to brighten & polish the enamel surface, revealing a next-level shine • Removes 15 years of deep-set stains* Colgate Optic White Pro Series with ActivShine Technology *when brushing twice daily for 2 weeks
Page 19
● Reduces sensitivity and remineralizes to strengthen weak enamel ● Rehardens weak spots in enamel for strong, healthy teeth ● 2x more effective at fighting the root cause of many oral health problems* Colgate Total Active Prevention Enamel Strength Toothpaste - U.S. *like cavities and gingivitis via bacteria reduction vs. non-antibacterial fluoride toothpaste with 2x daily brushing and 4 weeks of use
Page 20
● Innovative Sensory Experience: Features a unique swirl-shaped, texture for a lush, velvety foaming "sensory glow-up," all while effectively fighting cavities and strengthening enamel ● Available in Mellow Mint Dream and Peppermint Stick hello® whipped toothpaste
Page 21
Colgate HARRY POTTER™* Utilizing a popular license to engage positive brushing habits Wide array of new launches for all ages Kids Adults *All characters and elements © & ™ Warner Bros. Entertainment Inc. WB SHIELD: © & ™ WBEI. Publishing Rights © JKR. (s26)
Page 22
● New fruit flavored toothpaste options for adults ● Freshness powered by ultrafreeze cooling technology ● Delicious fruit flavor, minty cool breath Colgate Max Fresh Fruit Flavored Toothpaste For Adults
Page 23
● Innovation strengthening our presence in the sensitivity segment ● elmex is the #1 toothpaste brand recommended by dentists for sensitivity in Germany elmex Sensitivity + Gum Care Source: Based on BRMO dentist study conducted in the relevant market
Page 24
elmex Long-Term Growth in Europe Fueled By Science-Driven Innovation Toothpaste SoM $ Source: Worldview through June 2026
Page 25
• Fast soothing feeling on irritated and sensitive gums* • #1 gum care toothpaste brand in Germany meridol Fast Action - Europe *2 weeks consumer study, 155 subjects, Germany 2025, showed fast results within a few days Source: Nielsen value share YTD Nov 2025, Germany
Page 26
Driving CP Toothpaste Share Europe share now at an all-time high Source: Worldview MM 2026 June, Constant $ Comp 1 Comp 3Comp 2 C-P
Page 27
● Superior formula, with microparticles, that cleans deep between the teeth* ● Fights hidden bacteria in hard to reach places, preventing oral care problems** before they start ● Antibacterial protection for 24 hours*** Colgate Total Active Prevention Interdental Cleaning Toothpaste - Mexico *vs. non-antibacterial toothpaste **vs a non-antibacterial fluoride dentifrice. Oral care problems including cavities, gingivitis, tartar, bad breath, sensitivity and plaque build up ***brushing 2x per day
Page 28
Inner Chamber: Professional-grade Active Oxygen Essence, effectively fights surface stains Outer Chamber: Whitening Activator, amplifies whitening power, penetrates deep to break down stubborn stains Darlie Magnificent White Toothpaste ● Unique dual-chamber tube design ● Able to reverse 18 years of stubborn stains in just three days ● Used together with Darlie Blue Light toothbrush to get additional shades of whitening
Page 29
PCA SKIN MGF Age Renewal Cream For Estrogen-Depleted Skin ● Micro Growth Factor Technology penetrates 10x deeper than traditional growth factors* to help support collagen production for visibly lifted, fuller and firmer skin ● Improves thinning skin by 33%** ● Formulated for the needs of menopausal skin: provides an immediate calming, cooling sensation *Defined as conventional FGF growth factors with average of 155 amino acids, penetration within stratum corneum **16-week case study, 13 subjects, menopausal and postmenopausal women aged 45-85, all skin tones and types
Page 30
● Clinically proven to reduce visible blemishes by 65% ● Reduces visible excess oil & shine by 61% ● Reduces visible pore size by 25% ● Improves skin clarity by 34% EltaMD UV Clear Blemish-Prone & Oil-Balancing SPF 50 12-week clinical study, 43 subjects Professional mineral-based SPF that clinically corrects the look of blemishes
Page 31
● Innovative product line with gentle formulas suitable for the whole family ● Bar soaps formulated with pro-hydration technology that leaves skin soft and hydrated ● Shower gels with cleansing technology and balanced pH formulas ● Dermatologist tested ● Delivering double-digit sales growth YTD 2026 Palmolive Neutro Balance Mega Brand Growth in Mexico
Page 32
Sanex Skin Therapy Body Wash ● Formula with patented Amino Acid complex ● Endorsed by dermatologists ● Premium positioning ● Now expanding to all Sanex markets Driving incremental share growth in the U.K. & France Source: Nielsen SOM, UK, France
Page 33
● Our 1st hygiene regimen addressing women’s perimenopausal and menopausal needs in Europe ● Certified by GenM, the trusted symbol for menopause-friendly products ● Recommended by dermatologists Sanex Menopause Body Wash & Under Arm Protection Deodorants help women feel protected against hot flushes.
Page 34
● 4X odor action helps remove tough odors, leaves fabrics smelling fresh, helps rinse stubborn residue, and has a fragrance with odor-fighting technology ● Safe on all fabrics, including activewear Suavitel Refresher Fabric Rinse
Page 35
• Provides the trusted efficacy of our best formulas, while dispensing liquid with a single press • A more convenient, easier way to clean dishes Palmolive Dish EZ-Pump
Page 36
● Combines the iconic Fabuloso fragrances you love with the sparkling clean you need, in one easy spray ● Long-lasting freshness, instantly cuts grease & grime, removes stains Fabuloso 3-in-1 Clean Spray Cleaners
Page 37
Hill’s Science Diet Single Protein Dog Food Rolls - U.S. • Leveraged Prime100 acquisition to accelerate Hill’s U.S. entry into the fresh segment • Brings Hill’s science and veterinary trust into the fresh segment • Single animal protein provides triple benefits: digestion, coat & overall health • ”Science Has Entered The Fridge”
Page 38
Hill’s Prescription Diet Kidney + Sensitivities • Therapeutic nutrition to help slow the progression of kidney disease and reduce the risk of adverse food reactions for cats and adverse food reactions and environmental sensitivities for dogs • Nutrition clinically shown to help add years and enhance quality of life* *2 years on average in cats & 1.5 years on average in dogs after diagnosis with leading causes of chronic kidney issues without any concurrent health issues.
Page 39
Hill’s Science Diet Core Wet Relaunch New packaging and graphics to: ● Highlight our high quality ingredients ● Help consumers better visualize the food
Page 40
Hill’s Science Diet Expanding Wet Variety Packs ● Driving household acquisition and wet food trial by expanding our variety pack offerings ● Wet variety packs are the #1 driver of category growth