1、Reimagining A Healthier Future For All2023 Annual ReportNet Sales By Geographic RegionNet Sales By Market Maturity2023 Highlights#1Market Share in Toothpaste Worldwide+47%Operating Cash Flow+8.5%Net and Organic Sales Growth61Consecutive Yearsof Dividend Increases+120bpsGross Profit Margin$2.7BCash R
2、eturned to Shareholders Through Dividends and Share Repurchases+19%Advertising Investment20%North America24%Latin America 14%Europe 14%Asia Pacific 6%Africa/Eurasia 22%Hills Pet Nutrition 55%Developed Markets45%Emerging Markets Recyclable Toothpaste Tube*Available in 50+Countries*Your community may
3、not yet accept tubes for recycling.Check locally.Learn more at delivered strong top and bottom line results in 2023 as we continued to execute against our growth strategy.Net and organic sales*grew 8.5%,with organic sales growth in every division and in all four of our categories.Encouragingly,organ
4、ic volume performance improved as we exited the year.We are particularly pleased with the quality of our results with gross profit margin,operating profit margin and earnings per share all increasing versus 2022.We leveraged our strong margin performance to invest behind building our brands,with a 1
5、9%increase in advertising spending in 2023 and we expect higher levels of brand investment in 2024.The strong investment is reflected in our improved market share performance with our leading global toothpaste market share increasing 110 basis points versus 2022.Our sharp focus on cash flow is also
6、paying of with operating cash flow increasing 47%in 2023.We maintained our strong balance sheet and the Board of Directors authorized an increase in the quarterly cash dividend.This was our 61st consecutive year of dividend increases and our 129th consecutive year paying a dividend.We are Colgate,a