Unilever Plc · LSE:ULVR
Unilever — Q3 2024 Earnings Presentation
15 slides from Unilever's earnings presentation, Oct 24, 2024
Slide 1: Q3 2024 Trading Statement
Q3 2024 Trading Statement Hein Schumacher & Fernando Fernandez 24 October 2024
Slide 2: Safe harbour statement
Safe harbour statement This presentation may contain forward-looking statements, including 'forward-looking statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995, concerning the financial condition, results of operations and businesses of the Unilever G
Slide 3: Executing the Growth Action Plan
Executing the Growth Action Plan 1 Volume-led growth driven by Power Brands 2 Making operational improvements in challenging markets 3 FY2024 guidance unchanged 4 Ice Cream separation and productivity programme on track 3
Slide 4: Accelerated volume growth in Q3
Accelerated volume growth in Q3 Unilever Power Brands Volume and price 4.5% Underlying sales growth 5.4% Underlying sales growth UPG UVG USG 3.6% 4.3% 5.2% 4.7% 4.5% 4.4% 3.9% 0.9% Underlying volume growth Underlying volume growth 5.8% 2.8% 2.2% 1.0% 0.9% 1.1% (0.6)% 1.8% 2.2% 2.9% 3.6% Underlying p
Slide 5: Beauty & Wellbeing 21% of Group turnover
Beauty & Wellbeing 21% of Group turnover Strong volume-led growth, driven by Power Brands Q3 2024 UPG UVG USG 6.7% Underlying sales growth 7.4% 7.9% 7.4% 6.8% 6.7% 5.7% Underlying volume growth 3.6% 6.3% 5.6% 5.4% 5.7% 0.9% Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Underlying price growth Vaseline, Ponds & Dove
Slide 6: Personal Care 22% of Group turnover
Personal Care 22% of Group turnover Volume-led growth driven by strong Dove performance Q3 2024 UPG UVG USG 4.4% Underlying sales growth 8.0% 6.4% 6.4% 4.8% 4.4% 3.1% Underlying volume growth 3.9% 2.5% 1.4% 4.4% 3.1% 1.3% Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Underlying price growth Skin Cleansing grew low-
Slide 7: Home Care 20% of Group turnover
Home Care 20% of Group turnover Premium innovations drive volume growth while price remains negative Q3 2024 UPG UVG USG 1.9% Underlying sales growth 5.3% 3.1% 3.4% 1.7% 1.9% 3.3% 0.4% Underlying volume growth 0.8% 4.3% 4.9% 3.3% (1.4)% Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Underlying price growth Fabric Cl
Slide 8: Nutrition 21% of Group turnover
Nutrition 21% of Group turnover Muted volume growth amidst moderating prices and market slowdown Q3 2024 UPG UVG USG 1.5% Underlying sales growth 5.6% 4.7% 3.7% 2.7% 1.5% 0.4% (0.4)% 0.4% 0.4% Underlying volume growth (1.1)% (3.8)% 1.1% Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Underlying price growth Scratch C
Slide 9: Ice Cream 16% of Group turnover
Ice Cream 16% of Group turnover Operational improvements drove improved growth vs. weak prior year comparator Q3 2024 UPG UVG USG 9.8% 9.8% Underlying sales growth (2.8)% (0.4)% 2.3% (0.5)% (0.8)% (0.9)% (1.1)% 6.7% 6.7% Underlying volume growth 2.9% (10.1)% Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Underlying
Slide 10: Q3 volume growth led by Europe and North America
Q3 volume growth led by Europe and North America North America 22% of Group turnover 7.4% Europe 21% of Group turnover 6.5% Underlying sales growth 6.2% Underlying volume growth Underlying sales growth 1.1% 7.7% Underlying volume growth Underlying price growth (1.0)% Underlying price growth Asia Pac
Slide 11: Turnover in line with prior year
Turnover in line with prior year +0.0% USG 4.5% A&D (1.5)% 3.6% 0.9% 0.3% (1.8)% (2.8)% €15.2bn €15.2bn Q3 2023 UVG UPG Acquisitions Disposals Currency Q3 2024 turnover turnover 11
Slide 12: On track to deliver FY2024 outlook
On track to deliver FY2024 outlook Growth Margin Underlying sales growth (USG) for full year 2024 Expect underlying operating margin for full year to be within our multi-year range of 3 to 5% 2024 to be at least 18%, with increasing investment behind our brands Majority of growth driven by vol
Slide 13: Executing the Growth Action Plan and addressing key issues
Executing the Growth Action Plan 1 and addressing key issues Driving improved, more consistent delivery 2 through innovation and investment Much to do in transforming Unilever 3 into a higher performing business 13
Slide 14: Q&A
Q&A
Slide 15: Other financial guidance for 2024
Other financial guidance for 2024 Capex around 3% of turnover Restructuring around 1.2% of turnover Expected currency impact* on full year turnover around (1.5)% and around (20)bps on full year underlying operating margin Net finance costs around 3% on average net debt Underlying effective