Diageo (DGE) 2025 Consumer Analyst Group of New York (CAGNY) Conference summary

Conference logistics and opening remarks

• Final presentation of the day, followed by a sponsored dinner event.

• Diageo recognized for its sponsorship and industry leadership.

Strategic positioning and portfolio strength

• Broad, diverse global footprint enables regional growth and market outperformance.

• Portfolio includes $13 billion brands and leading positions in spirits and TBA.

• Over 60% of net sales in premium and above segments, reflecting premiumization strategy.

• Participation in Chinese white spirits and 34% stake in Moët Hennessy for champagne and cognac exposure.

• Diageo invests in operational excellence, brand building, and disciplined portfolio management, including selective M&A and disposals.

Industry trends and consumer insights

• Spirits continue to gain share of total beverage alcohol, with premiumisation and Gen Z engagement driving growth.

• Consumer spend on alcohol as a share of total expenditure has marginally increased over the last decade.

• 600 million new legal-aged consumers expected by 2030, with Gen Z becoming a major growth driver.

• Moderation and demand for non-alcoholic options present new growth avenues, aligning with responsible consumption trends.

• Population and middle-class growth, especially in emerging markets, support a long runway for spirits demand.