Nestle S.a. · SIX:NESN
Nestle — Q1 2021 Earnings Presentation
24 slides from Nestle's earnings presentation, Apr 22, 2021
Slide 1: Three-month sales Investor Call
2021 Three-month sales Investor Call
Slide 2: Disclaimer
Disclaimer This presentation contains forward looking statements which reflect Management’s current views and estimates. The forward looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those contained in the forward looking statements.
Slide 3: 2021 Three-month sales
2021 Three-month sales Mark Schneider, CEO A p r i l
Slide 4: Key messages
Key messages • Organic sales growth of 7.7% – Strong RIG and increased contribution from pricing – Broad-based growth and market share gains across most geographies and categories – Solid momentum in retail sales, with a gradual recovery in out-of-home channels • Further progress on portfolio develo
Slide 5: Our business as a force for good: COVID-19 vaccination support
Our business as a force for good: COVID-19 vaccination support Partnering with COVAX, the IFRC and local authorities around the world to support the broad and equitable delivery of COVID-19 vaccines 5 April 22, 2021 Nestlé three-month sales 2021
Slide 6: Three-month sales 2021
Three-month sales 2021 François-Xavier Roger, CFO
Slide 7: Three-month sales growth
Three-month sales growth OG 7.7% +1.2% +6.4% -1.0% -5.3 % 20.8 21.1 Reported sales growth +1.3% -30 3M 2020 sales RIG Pricing Net M&A Foreign exchange 3M 2021 sales CHF bn CHF bn 7 April 22, 2021 Nestlé three-month sales 2021
Slide 8: Broad-based growth
Broad-based growth AMS EMENA AOA Sales (in CHF) 9.3 bn 6.4 bn 5.4 bn RIG 6.4% 4.6% 8.6% Pricing 2.1% 0.7% 0.3% OG 8.5% 5.3% 8.9% Each geography includes Zones, Nespresso, Nestlé Health Science 8 April 22, 2021 Nestlé three-month sales 2021
Slide 9: Strong growth across developed and emerging markets
Strong growth across developed and emerging markets Developed Emerging Sales (in CHF) 12.3 bn 8.8 bn % of group sales 58% 42% RIG 4.8% 8.7% Pricing 0.2% 2.7% OG 5.0% 11.4% 9 April 22, 2021 Nestlé three-month sales 2021
Slide 10: Strong momentum in retail, easier comps in out-of-home
Strong momentum in retail, easier comps in out-of-home Organic sales growth Retail Out-of-home* FY-2019 FY-2020 3M-2021 FY-2019 FY-2020 3M-2021 9.2% 7.0% 3.4% 4.0% -11.6% -30.4% * Includes Nestlé Professional, foodservice activities of Nespresso, Starbucks products and water, travel retail and Blue
Slide 11: Zone AMS
Zone AMS Sales CHF 8.2 bn Real internal growth +4.8% Pricing +2.4% Organic growth +7.2% • Strong organic growth based on robust RIG and solid pricing, with broad-based market share gains • North America posted mid single-digit growth, led by food, coffee and creamers as well as Purina PetCare • Lati
Slide 12: Zone EMENA
Zone EMENA Sales CHF 5.2 bn Real internal growth +3.8% Pricing +0.6% Organic growth +4.4% • Strong RIG-based organic growth, with continued market share gains • Most markets saw increased growth supported by e- commerce momentum and product innovation • Largest growth contributors were coffee, Purin
Slide 13: Zone AOA
Zone AOA Sales CHF 5.1 bn Real internal growth +8.8% Pricing +0.3% Organic growth +9.1% • China posted double-digit organic growth, helped by out- of-home channel recovery and timing of Chinese New Year • Outside of China, the Zone grew at a mid single-digit rate • Largest contributors to growth wer
Slide 14: Nespresso
Nespresso Sales CHF 1.6 bn Real internal growth +16.3% Pricing +0.8% Organic growth +17.1% • Double-digit organic growth, driven by strong momentum in e-commerce and Vertuo • The Americas, EMENA and AOA all posted double-digit growth • North America was the largest contributor to growth, with contin
Slide 15: Nestlé Health Science
Nestlé Health Science Sales CHF 0.9 bn Real internal growth +9.4% Pricing +0.1% Organic growth +9.5% • Strong organic growth supported by continued momentum in e-commerce and demand for vitamins, minerals and supplements • Consumer care reported double-digit growth, with particular strength in Garde
Slide 16: Organic sales growth by category
Organic sales growth by category 15.7% 9.9% 10.2% 10.3% 8.7% 7.7% Water -0.5% Total group Powdered and PetCare Prepared dishes Nutrition and Milk products Confectionery Liquid Beverages and cooking aids Health Science and Ice cream -5.6% 16 April 22, 2021 Nestlé three-month sales 2021
Slide 17: SENS
SENS S2\ Good food, Good life 7 , a
Slide 18: Supporting slides
SPRANG oN Good food, Good life ~~ TURAL CO, ADDED) ZERO uous an 330 mL
Slide 19: Quarterly organic sales growth by channel
Quarterly organic sales growth by channel OG % Retail Out-of-home* 9.2 8.6 6.9 6.8 5.7 Q1-2020 Q2-2020 Q3-2020 Q4-2020 Q1-2021 Q1-2020 Q2-2020 Q3-2020 Q4-2020 Q1-2021 -11.2 -11.6 -26.4 -27.0 -54.7 * Includes Nestlé Professional, foodservice activities of Nespresso, Starbucks products and water, trav
Slide 20: 3M-2021 Operating segments – topline summary
3M-2021 Operating segments – topline summary 3M-2021 sales Reported sales Sales RIG Pricing OG Net M&A F/X growth (CHF m) % % % % % % Zone AMS 8 244 4.8 2.4 7.2 0.3 -8.6 -1.2 Zone EMENA 5 203 3.8 0.6 4.4 -3.7 -2.8 -2.1 Zone AOA 5 094 8.8 0.3 9.1 -3.4 -3.4 2.3 Nespresso 1 571 16.3 0.8 17.1 -0.1 -1.4
Slide 21: 3M-2021 Products – topline summary
3M-2021 Products – topline summary 3M-2021 sales Sales RIG Pricing OG (CHF m) % % % Powdered and liquid beverages 5 771 9.3 0.6 9.9 Water 1 389 -8.1 2.5 -5.6 Milk products and Ice cream 2 598 11.6 4.1 15.7 Nutrition and Health Science 2 995 -1.1 0.7 -0.5 Prepared dishes and cooking aids 3 016 9.9 0.
Slide 22: 3M-2021 historical eight quarters
3M-2021 historical eight quarters Period RIG Pricing OG % % % Q2-2019 3.0 0.9 3.9 Q3-2019 3.9 -0.2 3.7 Q4-2019 2.5 0.5 3.0 Q1-2020 4.7 -0.4 4.3 Q2-2020 0.5 0.8 1.3 Q3-2020 4.8 0.1 4.9 Q4-2020 3.0 0.9 3.9 Q1-2021 6.4 1.2 7.7 22 April 22, 2021 Nestlé three-month sales 2021
Slide 23: 3M-2021 currency overview
3M-2021 currency overview Weighted average rate 3M-2020 3M-2021 Variation in % US Dollar 1 USD 0.967 0.906 -6.4 Euro 1 EUR 1.067 1.091 2.3 Chinese Yuan Renminbi 100 CNY 13.893 13.922 0.2 Brazilian Real 100 BRL 21.52 16.55 -23.1 Philippine Peso 100 PHP 1.903 1.873 -1.6 UK Pound Sterling 1 GBP 1.233 1
Slide 24: Abbreviations
Abbreviations • OG Organic growth • RIG Real internal growth • AMS Americas • EMENA Europe, Middle East, and North Africa • AOA Asia, Oceania, and sub-Saharan Africa 24 April 22, 2021 Nestlé three-month sales 2021