Unilever PLC · LSE:ULVR
Unilever — Bernstein Strategic Decisions Conference 2011
13 slides from Unilever's conference presentation, Sep 20, 2011
Slide 1: Bernstein Strategic Decisions Conference - London
19/09/2011 Bernstein Strategic Decisions Conference - London Jean-Marc Huët – CFO James Allison – Head of IR and M&A September 20th 2011 Safe Harbour Statement This announcement may contain forward-looking statements, including ‘forward-looking statements’ within the meaning of the United States Pri
Slide 2: H1 2011 Results: Good performance against our priorities
19/09/2011 1 H1 2011 Results Good performance against our priorities Strong sales growth Robust volume growth Gaining value share USG H1’11 H1’11 5.7% 4.1% 2.0% 2.2% 3.5% 40% 60% winning / holding 2009 2010 H1 '11 Market Volume growth 2
Slide 3: Unilever: Fit to Compete - A new vision
19/09/2011 2 Unilever: Fit to Compete A new vision Doubling the size of the business Sharper strategic choices Win Win in Emerging Win Globally Markets Differently €80bn €44bn €40bn PC / Ice Cream / Tea Home Care Spreads / Dressings Cooking Products Oral Care Soups environmental impact Focus on cust
Slide 4: Alignment around a clear focussed strategy
19/09/2011 Alignment around a clear focussed strategy Aligned from top to bottom Volume growth and market share focus Clear strategic framework: The Compass Profitable Cost Leverage Volume + Growth Efficiencies Cost Innovation Savings A&P / R&D A more agile organisation Personal Care 8 mega clusters
Slide 5: Innovation underpins our growth
19/09/2011 Innovation underpins our growth Bigger innovations Faster roll outs Portfolio delivering more >60 40 9 2009 2010 2011e 10+ countries roll outs 100 countries in 12 months Innovation rate > 30% We continue to roll-out our brands into more markets Café Zero – Europe White spaces filled Axe -
Slide 6: Improved M&A capabilities: from source to use of cash
19/09/2011 Improved M&A capabilities : from source to use of cash since Bestfoods (2001) sources of cash uses of cash 200 disposals €bn 13 €18bn 20 21 49 20 9 acquisitions 11 €3bn Interest / Cash Disposals Deleveraging Distribution Capex Other pensions M&A: accretive to turnover in 2011, first time
Slide 7: Emerging markets: consistent growth over 20 years
19/09/2011 3 Unilever: The Emerging Markets company ! Emerging markets: consistent growth over 20 years ~9% p.a. 54% USG 30% 1990 1995 2000 2005 2010 7
Slide 8: Large populations, low per capita consumption levels
19/09/2011 Large populations, low per capita consumption levels Population Example: bath and shower – US$ spend per capita China 1.4bn 20 Developed markets 17 India 1.3bn Emerging markets 13 14 Indonesia 230m Brazil 195m Pakistan 170m 5 5 3 Bangladesh 160m 1 2 2 1 Philippines 90m Vietnam Indonesia C
Slide 9: Driving the virtuous circle of growth
19/09/2011 4 Unilever: a mindset of continuous improvement Driving the virtuous circle of growth Cost Profitable Leverage Volume + Growth Efficiencies Cost Innovation Savings A&P / R&D 9
Slide 10: A mindset of continuous improvement
19/09/2011 A mindset of continuous improvement Global Supply Chain Marketing Investment Indirects World class service End-to-end Consumer competitive SC creates perceived cost value quality through Flexible, Flawless agile & lean execution structures 2009 GM % A&P % Indirects % 2010 Network People C
Slide 11: Media efficiencies; Indirects: continuous improvement mindset
19/09/2011 Media efficiencies: releasing consumer facing funds Advertising production and agency fees Leveraging global scale Better service, lower cost Improving quality of advertising Showing good advertising for longer 2008 2010 Today Benchmark Indirects: driving a continuous improvement
Slide 12: Example: continuous improvement in Finance
19/09/2011 Example: continuous improvement in Finance Headcount reduction One IT platform Speed -20% Accelerated close (1 week reduction from 2012) Real-time information (Clusters and Categories) 2008 2009 2010 H1’11 Harmonising internal and external measures 5 More still to do ! 12
Slide 13: Questions
19/09/2011 Opportunities to raise the bar further Sharper choices New organisation USLP Personal Care Home Refresh Care ment Foods Always more to do in driving rigour and discipline through the business Questions 13
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