Pt Unilever Indonesia Tbk · IDX:UNVR
Pt Unilever Indonesia Tbk — Q1 2024 Earnings Presentation
21 slides from Pt Unilever Indonesia Tbk's earnings presentation, Apr 24, 2024
Slide 1: PT Unilever Indonesia Tbk Q1 2024 Earnings Call
PT Unilever Indonesia Tbk Q1 2024 Earnings Call April 24th, 2024
Slide 2: Safe Harbour Statement
Unilever Safe Indonesia Harbour Q1 2024 Results Statement This Release / Communication, except for the historical information, may contain statements, including the words or phrases such as ‘expects, anticipates, intends, will, would, undertakes, aims, estimates, contemplates, seeks to, objective, g
Slide 3: Earnings Call Q1 2024 - Benjie Yap, CEO
PT Unilever Indonesia Tbk Earnings Call Q1 2024 Benjie Yap Chief Executive Officer
Slide 4: Unilever Indonesia Q1 2024 Results
Unilever Indonesia Q1 2024 Results 1 March sales run rate in key channels recovering to Q3 2023 level. 2 Market share rebuilding month on month from December 2023 low. 3 Sales growth as per guidance with positive volume growth. 4 Gross Margin expansion on lower input costs. 5 Higher Net Profit from
Slide 5: Q1 2024 Net Sales and Gross Margin
Unilever Indonesia Q1 2024 Results Q1 2024 Net Sales Q1 2024 Gross Margin Domestic Sales Growth -4.7% 49.9% UPG -4.9%, UVG +0.2% +61 bps vs LY +156 bps vs L3M Total Growth incl Export Margin Improvement -5.0% despite lower sales Export sales -14.0%, GM impact -0.0% only
Slide 6: Q1 2024 Profit Before Tax and Net Profit
Unilever Indonesia Q1 2024 Results Q1 2024 Profit Before Tax % Q1 2024 Net Profit 18.4% Net Profit Exclude Royalty: -83 bps vs Q1’23 PBT% +131 bps vs LY with continued investment behind brands IDR 1.4 T EPS IDR 38 / share Advertising as % of sales 10.1% Net Profit Growth 8.7% 9.0% 8.0% +3.1% 7.1% +7
Slide 7: Market Share: Continuing rebuild since Dec 2023
Unilever Indonesia Q1 2024 Results Market Share: Continuing rebuild since Dec 2023 38.0% 37.3% 34.2% 34.5% 33.0% 31.0% 31.3% 28.0% 28.6% 26.8% Value Volume * Nutrition with Tea within Tea Bag only ** Market data information for Ice Cream is not completed (only available for MT)
Slide 8: Continue actions to earn back trust from consumers, customers and society
Unilever Indonesia Q1 2024 Results Continue actions to earn back the trust from consumer, customer and society 8X9 Heatmap Engagement with local leaders, support of local events, trade activities UNILEVER DO-GOOD & SAY 100+ million reach BRAND DO-GOOD & SAY 150+ million reach
Slide 9: Growth Action Plan: 2024 Strategic Thrusts
Unilever Indonesia Strategy GROWTH ACTION PLAN: 2024 STRATEGIC THRUSTS Get more from the Be market makers Execute brilliantly Step up our impact core in market Unmissable Market development Win in Minimarket & Build back Gross Margin brand superiority eCommerce Drive premiumization Digital transform
Slide 10: Offer superior benefits and communications
Unilever Indonesia Q1 2024 Results Offer Superior Benefits Stronger and Better More Users, Communications More Usage Optimizing festive momentum
Slide 11: Play full portfolio with launch of relevant innovations
Unilever Indonesia Q1 2024 Results Play Full Portfolio with launch of relevant innovations REACHING UP REACHING DOWN Tresemme Serum Launch First ever Pepsodent Launch Rinso Sensi Fresh Electric Toothbrush
Slide 12: Execution in Distributive Trade Go-To-Market
Unilever Indonesia Q1 2024 Results Execution in Distributive Trade (DT) Go-To-Market MORE STORES BETTER STORES BETTER SERVICE Develop stores for better Optimize quality of direct coverage assortment, merchandising, and Increase retailer satisfaction loyalty
Slide 13: Earnings Call Q1 2024 - Vivek Agarwal, CFO
PT Unilever Indonesia Tbk Earnings Call Q1 2024 Vivek Agarwal Chief Finance Officer
Slide 14: Gross Margin expansion as inflationary impact reduced
Unilever Indonesia Q1 2024 Results Gross Margin expansion as inflationary impact reduced Underlying Price Growth (UPG) 14.8% 50.5% 50.5% 49.9% 11.2% 49.3% 9.9% 48.4% 47.8% 1.6% 45.6% -1.0% 42.5% -3.0% -2.4% -4.9% Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Strong Saving Initiatives as key driver
Slide 15: Increased level of investment behind our brands
Unilever Indonesia Q1 2024 Results Increased level of investment behind our brands Annual Advertising as % of Net Sales 9.0% 8.4% 7.4% 5.8% 5.6% 5.5% 2019 2020 2021 2022 2023 Q1'24
Slide 16: 2024 Domestic Sales Growth by Division
Unilever Indonesia Q1 2024 Results 2024 Domestic Sales Growth by Division Home and Personal Care Food and Refreshment Q1 2024 | -5.8% Q1 2024 | -2.6% Beauty & Personal Care Home Care Foods & Refreshment Unilever Food Solution Q1 2024 | -4.2% Q1 2024 | -9.1% Q1 2024 | -2.9% Q1 2024 | 2.1%
Slide 17: Beauty and Personal Care Highlights
Unilever Indonesia Q1 2024 Results Beauty and Personal Care Highlights • Maintained leadership in all categories in Beauty & Personal Care. • B&W and PC Market Share Rebuilding in Feb’24 vs exit Dec’23 in both value and volume. • Launched Lifebuoy Tin & Zaitun with Deep Clean Formula for Hijab weari
Slide 18: Home Care Highlights
Unilever Indonesia Q1 2024 Results Home Care Highlights • Market Share Rebuilding in Feb’24 vs exit Dec’23 in both value and volume. • Relaunch Wipol with stronger germ & virus kill and long-lasting fragrance.
Slide 19: Food and Refreshment Highlights
Unilever Indonesia Q1 2024 Results Food and Refreshment Highlights • Maintained leadership in all categories in Food & Refreshment. • Market Share Rebuilding in Feb’24 vs exit Dec’23 in both value and volume. • Buavita achieved #1 TOP Brand Award in RTD Juice.
Slide 20: 2024 View
Unilever Indonesia 2024 2024 View Focus remains on driving competitive volume growth. Expect price growth to remain negative if commodity prices remain where they are. Driving gross margin remains priority while maintaining price competitiveness. Continued investment behind brands and strategic prio
Slide 21: Q&A Session
Q&A Session Benjie Yap (CEO) Vivek Agarwal (CFO)
PT Unilever Indonesia — Q1 2024 Earnings Presentation on 6ix