Unilever Plc · LSE:ULVR
Unilever — Q4 2001 Earnings Presentation
20 slides from Unilever's earnings presentation, 2002
Slide 1: Progress along the Path to Growth Q4 2001
mêçÖêÉëë=~äçåÖ=íÜÉ m~íÜ=íç=dêçïíÜ=nQ=OMMN råáäÉîÉê=oç~ÇëÜçï=mêÉëÉåí~íáçå p^cb=e^o_lro=pq^qbjbkqW==qÜáë=éêÉëÉåí~íáçå=ã~ó=Åçåí~áå=Ñçêï~êÇJäççâáåÖ=ëí~íÉãÉåíë=EïáíÜáå=íÜÉ=ãÉ~åáåÖ çÑ=íÜÉ=rKpK=mêáî~íÉ=pÉÅìêáíáÉë=iáíáÖ~íáçå=oÉÑçêã=^Åí=NVVRFK==^åó=Ñçêï~êÇJäççâáåÖ=ëí~íÉãÉåíë=~êÉ=Ä~ëÉÇ=çå=ÅìêêÉåí ÉñéÉÅí~íáçåë
Slide 2: Highlights 2001
eáÖÜäáÖÜíë=OMMN √ iÉ~ÇáåÖ=Äê~åÇë=HRKPB √ léÉê~íáåÖ=ã~êÖáå=NPKVB=EÄÉá~F √ p~îáåÖë=êÉëíêìÅíìêáåÖ=~åÇ=ÄìóáåÖ=ÇÉäáîÉêÉÇ √ içï=ÇçìÄäÉ=ÇáÖáí=bmp=í~êÖÉí=~ÅÜáÉîÉÇ=ïáíÜ HNOKOB=EÄÉá~F √ píêçåÖ=Å~ëÜ=Ñäçï=Ñêçã=çéÉê~íáçåë=€TKRÄå=ïáíÜ ~ÇÇáíáçå~ä=€PKSÄå=Ñêçã=Çáëéçë~äë
Slide 3: In February 2000, Unilever announced its Path to Growth strategy
få=cÉÄêì~êó=OMMMI=råáäÉîÉê=~ååçìåÅÉÇ áíë=Úm~íÜ=íç=dêçïíÜÛ=ëíê~íÉÖó ^ÅÅÉäÉê~íÉ=ê~íÉ=çÑ=íçé=äáåÉ=ÖêçïíÜ=íç=R=J=SB=é~=Äó=OMMQ= fåÅêÉ~ëÉ=çéÉê~íáåÖ=ã~êÖáå=íç=áå=ÉñÅÉëë=çÑ=NSBG=Äó=OMMQ bmp=ÄÉá~=äçï=ÇçìÄäÉ=ÇáÖáí=ÖêçïíÜ=OMMN=J=MQ p~îáåÖ=bìêç=NKRÄå=é~=Äó=OMMQ éäìë==bìêç=NKSÄå=éêçÅìêÉãÉåí=ë~îáåÖë ^Åèìáëáíáçåë
Slide 4: Summary of progress of Path to Growth
pìãã~êó=çÑ=éêçÖêÉëë=çÑ=m~íÜ=íç=dêçïíÜ “^=îÉêó=ëáÖåáÑáÅ~åí=ÅÜ~åÖÉ=áå=Ñáêëí=U=èì~êíÉêë=çÑ=OM=èì~êíÉê=éä~åÒ lêÖ~åáë~íáçå J========få=éä~ÅÉ=~åÇ=çéÉê~íáçå~ä J========oÉï~êÇ=ëóëíÉãë=~äáÖåÉÇ=íç=ÖêçïíÜLbs^ J========qçé=íÉ~ã=ÚêÉáåîáÖçê~íÉÇÛ mçêíÑçäáç J========råÇÉêéÉêÑçêãáåÖ=ÄìëáåÉëëÉë=^êÇÉå=C=_~âÉêó=êÉëçäîÉ
Slide 5: Future Shape of Business
cìíìêÉ=pÜ~éÉ=çÑ=_ìëáåÉëë B=çÑ=ë~äÉë=Ñìää=óÉ~ê=Ä~ëáë NVVV nQ=OMMN OMMQ iÉ~ÇáåÖ=_ê~åÇë TR UQ VR líÜÉê OR NS R qçí~ä NMM NMM NMM √=kìãÄÉê=çÑ=Äê~åÇë=Ççïå=Ñêçã=NSMM=íç=VNM=Äó=ÉåÇ=OMMN
Slide 6: Progress of Leading Brands
mêçÖêÉëë=çÑ=iÉ~ÇáåÖ=_ê~åÇë √ UQB=çÑ=ÄìëáåÉëë=áå=nQI=ìé=Ñêçã=TRB=áå=NVVV √ VTB=çÑ=^Cm=ÄÉÜáåÇ=äÉ~ÇáåÖ=Äê~åÇë råÇÉêäóáåÖ √ OMMN=ÖêçïíÜ=RKPB=ìé=Ñêçã=PKUB p~äÉë=dêçïíÜ=B UKM TKM SKM Foods HPC RKM Total QKM PKM OKM NKM MKM níê=N=DMM níê=O=DMM níê=P=DMM níê=Q=DMM níê=N=DMN níê=O=DMN níê=P=DMN níê=Q=DMN G=^
Slide 7: Key Drivers for Value Growth
hÉó=aêáîÉêë=Ñçê=s~äìÉ=dêçïíÜ √ fãéêçîÉÇ=éçêíÑçäáç=J=cççÇë √ cçÅìë=çÑ=áååçî~íáçå=~åÇ=êÉëçìêÅÉë=ÄÉÜáåÇ=äÉ~ÇáåÖ Äê~åÇë √ _ê~åÇ=ãáåÇëÉí √ ^ÇÇêÉëë=ìåÇÉêJéÉêÑçêãáåÖ=ÄìëáåÉëëÉë √ aÉîÉäçéáåÖ=~åÇ=ÉãÉêÖáåÖ=ã~êâÉíë
Slide 8: Brand Growth in 2001 - HPC
_ê~åÇ=dêçïíÜ=áå=OMMN=J=em` dêÉï=Äó=OVB √=kÉï=Å~íÉÖçêáÉëI=åÉï=ÄÉåÉÑáíë dêÉï=Äó=NRB √=kÉï=Å~íÉÖçêáÉëI=åÉï=ÄÉåÉÑáíë pÜ~ãéççI=kìíêáìã=_~êI=táéÉë dêÉï=Äó=OPB √=kÉï=ÖÉçÖê~éÜó k~íìê~äë=~åÇ=âáÇë=ê~åÖÉ pÉÇ~ä=êçääÉÇ=çìí=íç=jÉñáÅç ~åÇ=sÉåÉòìÉä~
Slide 9: Brand Growth in 2001 - Foods
_ê~åÇ=dêçïíÜ=áå=OMMN=J=cççÇë dêÉï=Äó=SB dêÉï=Äó=NPB √=kÉï=çå=íêÉåÇ=ÄÉåÉÑáíë √=kÉï=ìë~ÖÉ=çÅÅ~ëáçåë éêçK~Åíáî pìåíçêó=~ääá~åÅÉ=áå=g~é~å dêÉï=Äó=ONB dêÉï=Äó=OSB √=kÉï=ìë~ÖÉ=çÅÅ~ëáçåëLÄÉåÉÑáíë √=kÉï=ÖÉçÖê~éÜó=~åÇ=ÄÉåÉÑáíëI=Q ===ÅçìåíêáÉë=ÚêÉîáí~äáëÉÇÛ jáåá~íìêÉëI=tÜáééóI=pçÑí=fÅÉ pçìéë
Slide 10: Enterprise Culture
båíÉêéêáëÉ=`ìäíìêÉ √=iÉ~ÇÉêëÜáé=Ñçê=dêçïíÜ=mêçÑáäÉ √=cçêÅÉÇ=ê~åâáåÖ √=if^=Ñçê=íÉ~ãë √=`ç~ÅÜáåÖ iÉ~ÇÉêëÜáé √=`çëí~=oáÅ~ √=fÅÉä~åÇ sáëáçå båÖ~ÖÉ jÉ~ëìêÉãÉåí C ÉîÉêóÄçÇó √=m~óJÑçêJ s~äìÉë √=bÅçìÄä~ó ==éÉêÑçêã~åÅÉ √=if^G √=bãéäçóÉÉ ==ëìêîÉó mÉêÑçêã~åÅÉ √=qÜêìëíëLjìëí=ïáå=Ä~ííäÉë √=fãéäÉãÉåíÁKÇç=áí> Gif^
Slide 11: Earnings delivered in a quality way
b~êåáåÖë=ÇÉäáîÉêÉÇ=áå=~=èì~äáíó=ï~ó % 97: 9.9% 98: 10.6% 99: 11.2% 00: 12.0% 01: 13.9% 14 12 10 8 léÉê~íáåÖ=ã~êÖáå=EÄÉá~F 6 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 √=oÉÅçêÇ=çéÉê~íáåÖ=ã~êÖáå √=léÉê~íáåÖ=ã~êÖáå=HORM=Äéë=áå=íÜÉ=èì~êíÉê=~åÇ=HNVM=Äéë=óÉ~ê=íç=Ç~íÉ √=^ÅÜáÉîÉÇ=bmp=EÄÉá~F
Slide 12: Progress with Restructuring and Savings
mêçÖêÉëë=ïáíÜ=oÉëíêìÅíìêáåÖ=~åÇ=p~îáåÖë qçí~ä ^ìíÜçêáëÉÇ fãéäÉãÉåíÉÇ oÉëíêìÅíìêáåÖ mêçéçë~äë áå=OMMM=C=OMMN oÉëíêìÅíìêáåÖ=`Ü~êÖÉ JGmíd bìêç=RKM=Äå bìêç=QKM=Äå bìêç=PKM=Äå J_ÉëíÑççÇë NKO=Äå NKN=Äå MKU=Äå Jqçí~ä SKOÄå RKN=Äå PKU=Äå c~Åíçêó=`äçëìêÉë= NPM TN RV eÉ~Ç=`çìåí=oÉÇìÅíáçå PPIMMM OVISMM OPINMM
Slide 13: Bestfoods Progress
_ÉëíÑççÇë=mêçÖêÉëë √ mêáçêáíó=Ü~ë=ÄÉÉå=áåíÉÖê~íáçå √ _ê~åÇë=~åÇ=ã~êâÉí=ëÜ~êÉë=ÜÉ~äíÜó=J=ÖêçïíÜ=áãéêçîáåÖ íêÉåÇ √ fåíÉÖê~íáçå=éêçÅÉÉÇáåÖ=îÉêó=ïÉää=~åÇ=ëóåÉêÖó=ÇÉäáîÉêó=áë ~ÜÉ~Ç=çÑ=éä~å √ hÉó=éêçàÉÅíë=OMMN √ p~äÉë=ÑçêÅÉ=ãÉêÖÉê=åÉ~êáåÖ=ÅçãéäÉíáçå √ fåíÉÖê~íáçå=çÑ=`çêéçê~íÉ=~åÇ=k~íáçå~ä=eÉ~Ç=lÑÑáÅÉë ~åÇ
Slide 14: Summary of Key Messages
pìãã~êó=çÑ=hÉó=jÉëë~ÖÉë √ bñÉÅìíáçå=çÑ=m~íÜ=íç=dêçïíÜ=~åÇ=_ÉëíÑççÇë=áåíÉÖê~íáçå=çå=éä~å √ mêçÖêÉëë=áå=OMMN=Ü~ë=ÄÉÉå=îÉêó=ëáÖåáÑáÅ~åíW > jçãÉåíìã=áå=íÜÉ=äÉ~ÇáåÖ=Äê~åÇë=Ñêçã=PKUB=íç=RKPB=áå=OMMN > léÉê~íáåÖ=ã~êÖáå=çÑ=NPKVB=EÄÉá~F > píêçåÖ=Å~ëÜ=Ñäçï=Ñêçã=çéÉê~íáåÖ=~ÅíáîáíáÉë=çÑ=€TKRÄå > içï=ÇçìÄäÉ=ÇáÖá
Slide 15: Japan
g^m^k dam==gmv=RNP=íêáääáçå Ebìêç=QKT=íêáääáçåF mçéìä~íáçå=NOT=ãáääáçå € ãáääáçåë p~äÉë fåÇÉñ NVVRZNMM dêçëë=j~êÖáå √NMMM √NQM √VRM √NPR √VMM √NPM √URM √NOR √UMM √NOM √TRM √NNR √TMM √SRM √NNM √SMM √NMR √RRM √NMM √RMM √VR √NVVU √NVVV √OMMM √OMMN √NVVU √NVVV √OMMM √OMMN få=íÜÉ=ä~ëí=P=óÉ~êëI=ë~äÉë=Öêçï
Slide 16: Mexico
jbuf`l dam==A=SNM=Äáääáçå mçéìä~íáçå=NMM=ãáääáçå Sales Gross Margin Index € millions 1996=100 1200 250 1000 200 800 150 600 100 400 200 50 0 0 1996 1997 1998 1999 2000 2001 1996 1997 1998 1999 2000 2001 píêçåÖ=êÉÅçîÉêó=~ÑíÉê=íÜÉ=ÉÅçåçãáÅ=Åêáëáë=çÑ=NVVR eáÖÜäáÖÜíë=çÑ=OMMN √==råÇÉêäóáåÖ=ë~äÉë=ÖêÉï=NRB
Slide 17: Vietnam
sfbqk^j dam====PSKO=Äáääáçå mçéìä~íáçå=UM ãáääáçå p~äÉë fåÇÉñ dêçëë=j~êÖáå €=ãáääáçåë NVVSZNMM 250 NVVS=J=OMMN=`^do=Z=QUB 295 200 245 150 195 100 50 145 0 95 1996 1997 1998 1999 2000 2001 1996 1997 1998 1999 2000 2001 píêçåÖ=ÖêçïíÜ=ëáåÅÉ=Éåíêó=áå=NVVR eáÖÜäáÖÜíë=çÑ=OMMN √=p~äÉë=ÖêÉï=Äó=NSB=~åÇ=çéÉê~
Slide 18: Performance of South East Asia 1997-2000
mÉêÑçêã~åÅÉ=çÑ=pçìíÜ=b~ëí=^ëá~ NVVTJOMMM 115 25.00% dêçëë=j~êÖáå=ÄÉá råÇÉêäóáåÖ=sçäìãÉ=dêçïíÜ 110 20.00% 105 dêçëë= råÇÉêäóáåÖ j~êÖáå= 100 15.00% sçäìãÉ fåÇÉñ dêçïíÜ 95 10.00% 90 85 5.00% 80 0.00% 75 70 -5.00% 65 60 -10.00% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 VT VU VV MM
Slide 19: Unilever Indonesia: Fifteen Years of Real Growth
råáäÉîÉê=fåÇçåÉëá~W=cáÑíÉÉå=vÉ~êë çÑ=oÉ~ä=dêçïíÜ kÉí=b~êåáåÖë rpA p~äÉë 100 800 90 700 80 600 70 500 60 400 50 300 40 200 30 20 100 10 0 86 87 88 89 90 91 92 93 94 95 96 97 98 99 '00
Slide 20: Progress along the Path to Growth Q4 2001
mêçÖêÉëë=~äçåÖ=íÜÉ m~íÜ=íç=dêçïíÜ=nQ=OMMN råáäÉîÉê=oç~ÇëÜçï=mêÉëÉåí~íáçå p^cb=e^o_lro=pq^qbjbkqW==qÜáë=éêÉëÉåí~íáçå=ã~ó=Åçåí~áå=Ñçêï~êÇJäççâáåÖ=ëí~íÉãÉåíë=EïáíÜáå=íÜÉ=ãÉ~åáåÖ çÑ=íÜÉ=rKpK=mêáî~íÉ=pÉÅìêáíáÉë=iáíáÖ~íáçå=oÉÑçêã=^Åí=NVVRFK==^åó=Ñçêï~êÇJäççâáåÖ=ëí~íÉãÉåíë=~êÉ=Ä~ëÉÇ=çå=ÅìêêÉåí ÉñéÉÅí~íáçåë