Slide 1: FY20 Year End Results & FY21 Q1
PZ Cussons Plc Year end results | 31 May 2020 FY20 YEAR END RESULTS & FY21 Q1
Slide 2: Disclaimer
DISCLAIMER This presentation contains certain forward-looking statements relating to expected or anticipated results, performance or events. Such statements are subject to normal risks associated with the uncertainties in our business, supply chain and consumer demand along with risks associated wit
Slide 3: FY20 Results
Year end results | 31 May 2020 PZ Cussons Plc FY20 Results Alan Bergin Interim Chief Financial Officer 3
Slide 4: Key Messages
Year end results | 31 May 2020 PZ Cussons Plc Key Messages Challenging year overall – Decline in H1 with mixed impact of COVID-19 in second half Strong performance in UK partially mitigated losses in Nigeria, decline in Australia and impact of COVID- 19 on Beauty. Mixed results across top brands Sig
Slide 5: Overview of FY20
Year end results | 31 May 2020 PZ Cussons Plc Overview of FY20 Strengthening of balance sheet despite mixed performance Revenue Adjusted Profit before tax Reported Profit before tax £587.2m £62.0m £29.3m -2.4% -14.5% -32.8% PY: £603.0m PY: £72.3m PY: £43.6 Net Debt Free Cash Flow Dividend £49.2m £13
Slide 6: Europe and Americas
Year end results | 31 May 2020 PZ Cussons Plc Europe and Americas Continuing Operations Year ended Year ended Reported Constant currency 31 May 20 31 May 19 % change % change Revenue £214.4m £201.2m 6.6% 6.2% Adjusted operating profit £55.0m £54.2m 1.5% 0.9% Operating margin % 25.7% 27.0% Strong r
Slide 7: Asia Pacific
Year end results | 31 May 2020 PZ Cussons Plc Asia Pacific Year ended Year ended Reported Constant currency 31 May 20 31 May 19 % change % change Revenue £185.2m £193.0m (4.0%) (3.7%) Adjusted operating profit £18.5m £20.4m (9.3%) (9.4%) Operating margin % 10.0% 10.6% Revenue decline driven by Aus
Slide 8: Africa
Year end results | 31 May 2020 PZ Cussons Plc Africa Continuing Operations Year ended Year ended Reported Constant currency 31 May 20 31 May 19 % change % change Revenue £187.5m £208.8m (10.2%) (9.7%) Adjusted operating profit (£7.4m) £3.9m (289.7%) (291.3%) Operating margin % (3.9%) 1.9% Revenue
Slide 9: FY20 Focus Brands Performance – Mixed Results
Year end results | 31 May 2020 PZ Cussons Plc FY20 Focus Brands Performance – Mixed Results Only 4 out of 14 Focus Brand/Country Combinations in Revenue Growth UK ANZ Nigeria Asia BD 9
Slide 10: Cash flow and Net debt – significant improvement
Year end results | 31 May 2020 PZ Cussons Plc Cash flow and Net debt – significant improvement Net debt Operating Working Sale of Capex Other Disposal of Taxation Dividends Net debt 2019 cash flow capital Polish Brand Company in 2020 (ex WC) Greece Overall net debt declines driven by focus on work
Slide 11: COVID-19
Year end results | 31 May 2020 PZ Cussons Plc COVID-19 Safeguard our Supply Chain Support for our Customer Liquidity Employees Continuity Communities Service Overall mixed impact on our business in the second half of our financial year Magnificent reaction from employees with manufacturing remai
Slide 12: Dividend
Year end results | 31 May 2020 PZ Cussons Plc Dividend Recommendation for a final dividend of 3.13p per share, making a total of 5.80p per share for year Represents a reduction of 30% versus last year Decrease reflects the need to reset our dividend coverage to a more sustainable level Provide the b
Slide 13: FY21 Q1 Results
PZ Cussons Plc 13 FY21 Q1 Year endResults results | 31 May 2020 FY21 Q1 Results Chief Executive Officer Jonathan Myers
Slide 14: Key Messages
FY21 Q1 Results PZ Cussons Plc Key Messages Good start to the year: broad-based growth across top markets and brands Return to profitability in Africa, excellent results in UK and Indonesia, Australia and Beauty in growth Continuing to work hard to manage COVID-19 volatility Expect significant uncer
Slide 15: Overview of FY21 Q1
FY21 Q1 Results PZ Cussons Plc Overview of FY21 Q1 Good start to the year, much more to do and volatility remains Revenue Focus Brand Revenue Net Debt £158.1m £117.8m £36.8m +23% +37% PY: £156.5m Growth driven by top-line focused interventions and strong demand for hygiene brands Continued stron
Slide 16: FY21 Q1 Focus Brands Performance: Broad-Based Growth
FY21 Q1 Results PZ Cussons Plc FY21 Q1 Focus Brands Performance: Broad-Based Growth 10 out of 14 Focus Brand/Country Combinations in Revenue Growth Indonesia UK Nigeria UK UK Beauty UK Nigeria Asia BD Nigeria Beauty UK & US ANZ Nigeria ANZ Electricals 16
Slide 17: FY21 Q1 Revenue
FY21 Q1 Results PZ Cussons Plc FY21 Q1 Revenue Growth vs. Prior Year Growth vs. Prior Year £m (Reported) (Constant currency) Europe & Americas £61.5m +49% +49% Asia Pacific £48.9m +6% +9% Africa £47.7m +4% +13% Group £158.1m +19% +23% Carex remains a key driver, with UK market share in hand wash inc
Slide 18: Outlook
FY21 Q1 Results PZ Cussons Plc Outlook Good start to Q1 with majority of brands and markets in growth The operating landscape remains highly volatile with some adverse headwinds for rest of year Increased investment in building brands and capabilities Approach to the management of COVID-19 remains t
Slide 19: CEO Initial Thoughts
FY21 Q1 Results PZ Cussons Plc CEO Initial Thoughts Strong brand/market combinations form the foundation for future growth with Hygiene as an accelerating consumer need Focus on serving more consumers by driving household penetration Need to increase gross margins to generate fuel for growing strong
Slide 20: Thank you
Cussons Thank you