Procter & Gamble Company (the) · NYSE:PG

Procter & Gamble Company (the) — Q1 2027 Earnings Presentation

27 slides from Procter & Gamble Company (the)'s earnings presentation, Oct 22, 2026

  1. Slide 1: Earnings Release Q1 FY 2027 Results

    EARNINGS RELEASE Q1 FY 2027 Results October 22, 2026

  2. Slide 2: Integrated Growth Strategy

    INTEGRATED GROWTH STRATEGY PORTFOLIO PERFORMANCE DRIVES BRAND CHOICE SUPERIORITY ORGANIZATION TO WIN WITH CONSUMERS EMPOWERED • AGILE ACCOUNTABLE CONSTRUCTIVE DISRUPTION ACROSS OUR BUSINESS PRODUCTIVITY TO FUEL INVESTMENTS

  3. Slide 3: Business Results

    BUSINESS RESULTS Q1 FY 2027

  4. Slide 4: Q1 FY 2027 Results

    Q1 FY 2027 RESULTS Continued acceleration on topline despite a challenging macro environment. Expect cost headwinds to increase in next few quarters. Volatility remains. Organic sales grew +4.0% vs prior year. Volume +2.4%, Pricing +0.4%, Mix +1.1%. 10 of 10 product categories and all 6 regions grew

  5. Slide 5: Q1 FY 2027 Results

    Q1 FY 2027 RESULTS Q1 FY ’27 Organic Sales Growth +4.0% Organic Volume Growth +2.4% Core EPS Growth +1% Currency Neutral Core EPS Growth 0% Free Cash Flow Productivity 93%

  6. Slide 6: Organic Sales Growth

    Q1 FY 2027 RESULTS Organic Sales Growth • Organic volume +2.4%. • Mix was +1.1%. • Pricing +0.4%. 3.5% 4.0% 0.5% 1.6% 0.0% Q1 FY '26 Q2 FY '26 Q3 FY '26 Q4 FY '26 Q1 FY '27

  7. Slide 7: Core Earnings-Per-Share Growth

    Q1 FY 2027 RESULTS Core Earnings-Per-Share Growth • Core gross margin -150 basis points • Core operating margin -80 basis points • Total productivity savings +250 basis points 3% 3% 0% 1% -3% Q1 FY '26 Q2 FY '26 Q3 FY '26 Q4 FY '26 Q1 FY '27

  8. Slide 8: Currency-Neutral Core EPS Growth

    Q1 FY 2027 RESULTS Currency-Neutral Core EPS Growth • Core Gross margin ex-FX -150 basis points • Core Operating margin ex-FX -90 basis points 3% 0% -2% 0% 0% -5% Q1 FY '26 Q2 FY '26 Q3 FY '26 Q4 FY '26 Q1 FY '27

  9. Slide 9: Global Market Shares

    GLOBAL MARKET SHARES TOP 50 Category/ Country Combinations 38 33 32 30 31 28 29 29 26 26 23 # Grew/Held Value Share Global share data through Aug 2026

  10. Slide 10: Segment Results

    SEGMENT RESULTS Q1 FY 2027

  11. Slide 11: Beauty Segment

    Q1 FY 2027 RESULTS Beauty Segment Organic Sales Organic Volume Net Earnings 5.4% 2.2% -1% • Topline: +2.2% volume, +2.5% mix, +0.7% pricing. • Share: Global Hair Care value share in-line with year ago. Global Personal Care value share decreased 0.4 points. Global Skin Care value share decreased 0.6

  12. Slide 12: Grooming Segment

    Q1 FY 2027 RESULTS Grooming Segment Organic Sales Organic Volume Net Earnings 4.5% 3% -0.4% • Topline: +3.5% pricing, +1.5% mix, -0.4% volume. • Share: Global Grooming value share increased 0.2 points versus year ago. • Net Earnings: Sales growth, pricing, tariff recovery and productivity savings, p

  13. Slide 13: Health Care Segment

    Q1 FY 2027 RESULTS Health Care Segment Organic Sales Organic Volume Net Earnings 2.7% 9% -2.9% • Topline: +2.8% pricing, +2.8% mix, -2.9% volume. • Share: Global Personal Health Care value share increased 0.5 points versus year ago. Global Oral Care value share decreased 0.6 points. • Net Earnings:

  14. Slide 14: Fabric & Home Care Segment

    Q1 FY 2027 RESULTS Fabric & Home Care Segment Organic Sales Organic Volume Net Earnings 4.8% 4.3% 3% • Topline: +4.3% volume, +0.8% mix, -0.3% pricing. • Share: Global Fabric Care value share increased 0.4 points and Global Home Care value share was in-line with year ago. • Net Earnings: Sales growt

  15. Slide 15: Baby, Feminine and Family Care Segment

    Q1 FY 2027 RESULTS Baby, Feminine and Family Care Segment Organic Sales Organic Volume Net Earnings 3.0% 2.3% -4% • Topline: +2.3% volume, +1.8% mix, -1.2% pricing. • Share: Global Baby Care value share increased 0.8 points. Global Feminine Care value share in- line with year ago. Global Family Care

  16. Slide 16: FY 2027 Guidance

    FY 2027 GUIDANCE

  17. Slide 17: FY 2027 Guidance: Sales

    • Organic Sales Growth: +1% to +3% • Included in organic sales is a growth headwind of 30 to 50 basis points from brand, product form and go-to-market discontinuations. FY 2027 • Net Sales Growth: +2% to +4% GUIDANCE SALES FY ‘27 Organic Sales Growth (Maintain) +1% to +3% Net Sales Growth (Update) +

  18. Slide 18: FY 2027 Guidance: Earnings

    • Core EPS Growth: +0% to +3% • $1.4Bn after-tax impact from higher energy, transportation, and raw material costs • $50MM after-tax headwind from foreign exchange • $300MM after-tax of higher net interest expense • $150MM after-tax of lower non-operating income FY 2027 • All-in EPS Growth: +1% to +

  19. Slide 19: FY 2027 Guidance Summary

    METRIC FY 2027 GUIDANCE Organic Sales Growth +1% to +3% Net Sales Growth +2% to +4% Core EPS Growth +0% to +3% FY 2027 All-In EPS Growth +1% to +5% GUIDANCE Currency Neutral Core EPS Growth +0% to +3% SUMMARY Core Effective Tax Rate 20 to 21% Free Cash Flow Productivity 85% to 90% Capital Spending,

  20. Slide 20: Potential Headwinds Not Included in Guidance

    • Significant deceleration of market growth rates • Significant currency weakness FY 2027 • Significant commodity cost increases GUIDANCE POTENTIAL • Additional geopolitical disruptions HEADWINDS NOT INCLUDED • Major supply chain disruption or store closures IN GUIDANCE • Significant tariff changes

  21. Slide 21: Slide 21

  22. Slide 22: Forward Looking Statements

    FORWARD LOOKING STATEMENTS Certain statements in this release other than purely historical information, including estimates, projections, statements relating to our business plans, objectives and expected operating results, and the assumptions upon which those statements are based, are "forward-look

  23. Slide 23: Regulation FD and G Disclosure

    REGULATION FD AND G DISCLOSURE For a full reconciliation, please visit: www.pginvestor.com

  24. Slide 24: Regulation G Reconciliation of Non-GAAP Measures

    The Procter & Gamble Company Regulation G Reconciliation of Non-GAAP Measures The following provides definitions of the non-GAAP measures used in Procter & Gamble's (“the Company”) October 22, 2026 earnings call, associated slides and other materials and the reconciliation to the most closely relate

  25. Slide 25: Core operating margin and free cash flow definitions

    Core operating margin and currency-neutral Core operating margin: Core operating margin is a measure of the Company's operating margin adjusted for items as indicated. Currency-neutral Core operating margin is a measure of the Company’s Core operating margin excluding the incremental current year im

  26. Slide 26: Core EPS and Currency-neutral Core EPS

    2. Core EPS and Currency-neutral Core EPS: Three Months Ended September 30 2026 2025 Diluted EPS $1.97 $1.95 Incremental restructuring 0.03 0.04 Core EPS $2.00 $1.99 Percentage change vs. prior period Core EPS 1% Currency impact to earnings (0.01) Currency-Neutral Core EPS $1.99 Percentage change vs

  27. Slide 27: Core operating margin and Free cash flow

    4. Core operating margin and Currency-neutral Core operating margin: Three Months Ended September 30 2026 2025 Operating Margin 25.5% 26.2% Incremental restructuring 0.4% 0.5% Core Operating Margin 25.9% 26.7% Basis point change vs. prior year Core operating margin (80) Currency Impact to Margin (0.

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