Unilever PLC · LSE:ULVR
Unilever — Q3 2005 Earnings Presentation
10 slides from Unilever's earnings presentation, Nov 3, 2005
Slide 1: Unilever's Third Quarter 2005 Results Presentation
Unilever’s Third Quarter 2005 Results Presentation John Rothenberg 3rd November 2005 0
Slide 2: Safe Harbour Statement
Safe Harbour Statement This presentation may contain forward-looking statements, including ‘forward-looking statements’ within the meaning of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are based upon current expectations and assumptions regar
Slide 3: Progress to Recovery
Progress to Recovery Continued progress towards improving competitiveness Market shares stable Strong growth in priority areas – D&E markets – Personal Care Steady improvement in North America Input costs contained New organisation in place Progress on “One Unilever” ...but more work to
Slide 4: Q3 Sales Performance
Q3 Sales Performance Q3 Underlying Sales Growth of 3.5% In line with growth of our markets Good quality growth – Volume driven, for the 4th quarter in a row – Broadly based – Driven by faster roll-out of bigger, better innovation Note: Reported YTD USG of 4.2% is 2.7% on a like-for like basis
Slide 5: Priority: Building on Strengths
Priority: Building on Strengths D&E Vitality Personal Care Radiant Latin America “White from the First Wash” Dove Cool Moisture Knorr Krushkas, Ades Knorr Vie Russia Sunsilk Fresh & Cool, India Lifebuoy Clear Axe 4 4
Slide 6: Priority: Regaining Momentum in Europe
Priority: Regaining Momentum in Europe Western European markets remain stagnant Ice Cream Downturn at end of season, but slight share gain in flat markets We continue to take action to restore our growth Sharper price positions Increased marketing investment More and better innovation
Slide 7: Priority: Funding for Growth
Priority: Funding for Growth Global procurement programme Supply chain restructuring One Unilever – Savings now coming through – Shared service models being advanced 6 6
Slide 8: Q3 Operating Margin Development
Q3 Operating Margin Development Operating Margin Q3 YTD As reported 15.6% 14.4% Change year on year (1.4%) (1.3%) Includes: Slim.Fast impairment - (1.2%) Lower net restructuring - 0.6% Margin change excluding these items (1.4%) (0.7%) Savings and mix fully offset input cost inflation Margin chan
Slide 9: Key Financials
Key Financials Q3 EPS Total EPS +25% : Includes €448m net profit on disposal of UCI EPS on continuing operations -13% : 4% reduction in operating profit : 29.5% tax rate vs 24% in prior year Strong cash flow in the quarter To end of October, €1bn worth of shares repurchased : Includes near
Slide 10: Unilever's Third Quarter 2005 Results Presentation
Unilever’s Third Quarter 2005 Results Presentation John Rothenberg 3rd November 2005 9