Nestle S.a. · SIX:NESN
Nestle — Q1 2025 Earnings Presentation
22 slides from Nestle's earnings presentation, Apr 24, 2025
Slide 1: Three-month sales 2025 Investor & analyst presentation
Three-month Three-month sales 2025 sales 2025 Investor & analyst Investor & analyst presentation presentation
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: Highlights and strategic progress
Highlights and strategic progress Laurent Freixe, CEO 3 April 24, 2025 Three-month sales 2025
Slide 4: Delivering broad-based growth, executing on strategy
Delivering broad-based growth, executing on strategy – Delivered broad-based organic growth of 2.8% in Q1 – Pricing actions taken to address input cost inflation in coffee and cocoa – ‘Fuel for Growth’ cost savings program progressing to plan – Further simplification of organization to support execu
Slide 5: Executing strategy to drive growth acceleration
Executing strategy to drive growth acceleration – Global platforms 1 Expand winners – Growing channels – Fewer, bigger, better 2 Scale big bets – Drive speed to impact – Targeted actions to address issues 3 Address underperformers in 18 key underperforming cells 4 Build new growth platforms – Captur
Slide 6: Three-month sales review
Three-month sales review Anna Manz, CFO 6 April 24, 2025 Three-month sales 2025
Slide 7: Organic sales growth of 2.8%, with modest FX headwinds
Organic sales growth of 2.8%, with modest FX headwinds OG +2.8% 0.1% -0.5% 22.6 2.1% 22.1 0.7% Reported sales growth +2.3% 3M-2024 Sales RIG Pricing Net M&A Foreign 3M-2025 Sales CHF bn exchange CHF bn 7 April 24, 2025 Three-month sales 2025
Slide 8: Pricing-led growth reflects actions to address input cost inflation
Pricing-led growth reflects actions to address input cost inflation OG RIG Pricing 9.3% 8.0% 5.7% 6.0% 2.8% 2.7% 2.8% 1.9% 1.4% Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 8 April 24, 2025 Three-month sales 2025
Slide 9: Zone and GMB performance overview (1/2)
Zone and GMB performance overview (1/2) Zone Americas Zone AOA Zone Europe Organic growth 1.9% 3.1% 2.4% Real internal growth 0.1% 0.7% -0.6% Pricing 1.7% 2.4% 3.0% Organic growth 4.8% 4.3% by quarter 4.0% 3.7% 3.3% 3.1% 2.4% 2.4% 2.4% 2.2% 1.9% 0.9% 0.9% 2024 2025 -0.5% -0.9% Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q
Slide 10: Zone and GMB performance overview (2/2)
Zone and GMB performance overview (2/2) Nestlé Health Science Nespresso Nestlé Waters & Premium Beverages Organic growth 4.2% 5.7% 3.6% Real internal growth 4.8% 2.6% 1.6% Pricing -0.7% 3.2% 2.0% Organic growth 13.6% 5.7% by quarter 11.6% 4.8% 3.8% 3.6% 3.2% 2.6% 4.2% 1.9% 1.6% 2.0% 1.0% 0.7% 2024 2
Slide 11: Category performance overview (1/2)
Category performance overview (1/2) Powdered & Liquid PetCare Nutrition and Beverages Health Science Organic growth 5.2% 1.6% 0.4% Real internal growth 0.5% 2.5% 0.2% Pricing 4.7% -0.9% 0.2% Organic growth 5.2% 4.8% 5.0% by quarter 4.3% 4.1% 4.1% 3.3% 3.3% 1.9% 1.6% 1.6% 1.3% 0.9% 2024 0.7% 0.4% 202
Slide 12: Category performance overview (2/2)
Category performance overview (2/2) Prepared dishes & Milk products & Confectionery Water cooking aids Ice cream Organic growth -0.1% 0.8% 8.9% 2.9% Real internal growth 0.3% 0.7% -1.1% 0.4% Pricing -0.4% 0.1% 10.1% 2.5% 8.9% Organic growth 7.9% by quarter 7.3% 4.3% 6.3% 3.7% 0.4% 0.8% 2.9% 0.5% -0.
Slide 13: 2025 guidance
2025 guidance – 2025 guidance remains unchanged, based on our assessment of the direct impact of current tariffs and our ability to adapt – Organic sales growth expected to improve compared to 2024, strengthening over the year as we continue to deliver on our growth plans – UTOP margin expected to b
Slide 14: Appendix
Appendix NESE Good food, Good life
Slide 15: Executing strategy to drive growth acceleration
Executing strategy to drive growth acceleration 1 Expand winners 2 Scale big bets 3 Address 4 Build new growth underperformers platforms Global platforms Fewer, bigger, better Address issues in 18 key Capture opportunities in underperforming cells emerging consumer needs For example: • Nescafé Espre
Slide 16: Q1-2025 operating segments – topline summary
Q1-2025 operating segments – topline summary Q1-2025 sales Sales RIG Pricing OG (CHF m) % % % Zone Americas 8 639 0.1 1.7 1.9 Zone AOA 5 539 0.7 2.4 3.1 Zone Europe 4 353 -0.6 3.0 2.4 Nestlé Health Science 1 593 4.8 -0.7 4.2 Nespresso 1 595 2.6 3.2 5.7 Nestlé Waters & Premium Beverages 809 1.6 2.0 3
Slide 17: Q1-2025 products – topline summary
Q1-2025 products – topline summary Q1-2025 sales Sales RIG Pricing OG (CHF m) % % % Powdered and Liquid Beverages 6 124 0.5 4.7 5.2 Water 722 0.4 2.5 2.9 Milk products and Ice cream 2 542 0.7 0.1 0.8 Nutrition and Health Science 3 657 0.2 0.2 0.4 Prepared dishes and cooking aids 2 660 0.3 -0.4 -0.1
Slide 18: Q1-2025 historical eight quarters
Q1-2025 historical eight quarters Period RIG % Pricing % OG % Q2-2023 -1.1 9.1 8.0 Q3-2023 -0.3 6.3 6.0 Q4-2023 0.4 5.2 5.7 Q1-2024 -2.0 3.4 1.4 Q2-2024 2.2 0.6 2.8 Q3-2024 1.3 0.6 1.9 Q4-2024 1.5 1.2 2.7 Q1-2025 0.7 2.1 2.8 18 April 24, 2025 Three-month sales 2025
Slide 19: Q1-2025 growth across developed and emerging markets
Q1-2025 growth across developed and emerging markets Developed Emerging Sales (in CHF) 13.1 bn 9.5 bn % of Group sales 58% 42% RIG 1.4% -0.3% Pricing 0.1% 4.8% OG 1.6% 4.5% 19 April 24, 2025 Three-month sales 2025
Slide 20: 3M-2025 currency overview
3M-2025 currency overview Average rate 3M-2024 3M-2025 Variation in % US Dollar 1 USD 0.874 0.899 2.9% Euro 1 EUR 0.949 0.946 -0.4% Chinese Yuan Renminbi 100 CNY 12.160 12.359 1.6% Brazilian Real 100 BRL 17.655 15.368 -13.0% Philippine Peso 100 PHP 1.562 1.551 -0.7% UK Pound Sterling 1 GBP 1.109 1.1
Slide 21: 2024 sales by geographic area and average currency rate
2024 sales by geographic area and average currency rate FY-2024 FY-2024 FY-2024 By principal markets (CHF m) (%) Average rate North America 32 123 35.2 US Dollar 1 USD 0.880 United States 29 682 32.5 Euro 1 EUR 0.952 Canada 2 441 2.7 Chinese Yuan Renminbi 100 CNY 12.234 Europe 22 086 24.2 Brazilian
Slide 22: Abbreviations
Abbreviations AMS Americas AOA Asia, Oceania and Africa GMB Globally managed business OG Organic growth OOH Out-of-home RIG Real internal growth RTD Ready-to-drink UTOP Underlying Trading Operating Profit 22 April 24, 2025 Three-month sales 2025