Beiersdorf Ag · XETR:BEI
Beiersdorf — FY2014 Earnings Presentation
24 slides from Beiersdorf's earnings presentation, Feb 13, 2015
Slide 1: Results FY 2014
RESULTS FY 2014 February 13th, 2015
Slide 2: Disclaimer
DISCLAIMER Some of the statements made in this presentation contain forward-looking information that involve a number of risks and uncertainties. Such statements are based on a number of assumptions, estimates, projections or plans that are inherently subject to significant risks, as well as uncerta
Slide 3: Agenda
AGENDA Full Year Results 2014 Blue Agenda Financials Outlook 2015 Q&A Results FY 2014 2/13/2015 | Page 3
Slide 4: Key Figures – Group
KEY FIGURES – GROUP Jan. –Dec. 2013 Jan. – Dec. 2014 Change nominal like-for-like mill. € mill. € in % in % Sales 6,141 6,285 2.3 4.7 EBIT* 814 861 Profit after Tax* 537 581 EBIT Margin* 13.2% 13.7% Profit after Tax Margin* 8.7% 9.2% Earnings per Share in €* 2.33 2.53 * Excluding special factors. Re
Slide 5: Consumer Sales Growth
CONSUMER SALES GROWTH (Sales growth in % on a like-for-like basis) 2013 2014 6.9% 7.0% 6.5% 6.3% 5.7% 5.0% 4.8% 4.2% Q1 H1 9M FY Q1 H1 9M FY Results FY 2014 2/13/2015 | Page 5
Slide 6: Consumer EBIT
CONSUMER EBIT 678 638 (in mill. € / % of sales) 510 529 351 367 178 193 13.5% 14.6%* 13.3% 13.9%* 13.1% 13.5%* 12.5% 13.0%* Q1 13 Q1 14 H1 13 H1 14 9M 13 9M 14 FY 13 FY 14 EBIT numbers excluding special factors * Including non-recurring income of €10 million from the sale of real estate Results FY 2
Slide 7: Consumer Sales per Region
CONSUMER SALES PER REGION Jan. – Dec. 2013 Jan. – Dec. 2014 Change Allocation nominal like-for-like mill. € mill. € in % in % in % Western Europe 2,196 2,244 2.2 1.6 43.1 Eastern Europe 591 555 -6.2 3.6 10.6 North America 334 349 4.3 4.6 6.7 Latin America 616 624 1.4 7.1 12.0 A/A/A 1,366 1,437 5.2 9
Slide 8: Key Figures – tesa
KEY FIGURES – tesa Jan. – Dec. 2013 Jan. – Dec. 2014 Change nominal like-for-like mill. € mill. € in % in % Sales 1,038 1,076 3.6 4.4 EBIT* 176 183 EBIT Margin* 16.9% 17.0% * Excluding special factors. Results FY 2014 2/13/2015 | Page 8
Slide 9: Blue Agenda
BLUE AGENDA BLUE AGENDA KEY DRIVERS Brand Innovation Markets People Results FY 2014 2/13/2015 | Page 9
Slide 10: Brand
BRAND Results FY 2014 2/13/2015 | Page 10
Slide 11: Innovation
INNOVATION In-Shower Cellular Anti-Age Black & White Results FY 2014 2/13/2015 | Page 11
Slide 12: Innovation: NIVEA Q10 plus Serum Pearls
INNOVATION NIVEA Q10 plus Serum Pearls Breakthrough in anti-aging research Revolutionary pearl technology and a highly effective serum More than 15 years expertise in Q10 anti-aging Results FY 2014 2/13/2015 | Page 12
Slide 13: Markets
MARKETS Share of Total Consumer Sales* 46% 54% 52% 48% 2011 2014 E. Europe, Latin America, A/A/A * Based on Consumer like-for-like sales. W. Europe, North America Results FY 2014 2/13/2015 | Page 13
Slide 14: Markets
MARKETS PC PC Opening MEXICO Opened July 2014 New construction LEED Platin Certificate INDIA Planned opening 2015 New construction CHILE Planned opening 2015 Extension Results FY 2014 2/13/2015 | Page 14
Slide 15: Agenda
AGENDA Full Year Results 2014 Blue Agenda Financials Outlook 2015 Q&A Results FY 2014 2/13/2015 | Page 15
Slide 16: Analyst Quote
ANALYST QUOTE “Growth story set to re-accelerate.” Results FY 2014 2/13/2015 | Page 16
Slide 17: Key Figures – Group
KEY FIGURES – GROUP Jan. –Dec. 2013 Jan. – Dec. 2014 Change nominal like-for-like mill. € mill. € in % in % Sales 6,141 6,285 2.3 4.7 EBIT 820 796 Profit after Tax 543 537 Earnings per Share in € 2.35 2.33 EBIT* 814 861 Profit after Tax* 537 581 EBIT Margin* 13.2% 13.7% Profit after Tax Margin* 8.7%
Slide 18: Regional Group Results
REGIONAL GROUP RESULTS Sales EBIT* 2013 2014 Change 2013 2014 Margin Nominal/like-for-like mill. € mill. € in % in % mill. € mill. € in % Europe 3,390 3,421 0.9 2.4 542 589 17.2 Americas 1,092 1,116 2.2 5.6 82 80 7.1 Africa/Asia/Australia 1,659 1,748 5.4 9.0 190 192 11.0 * Excluding special factors.
Slide 19: Change in Consumer Sales and EBIT Split
CHANGE IN CONSUMER SALES AND EBIT SPLIT Eastern Europe + Latin America + A/A/A 52% 52% 49% 44% 46% 31% 29% 25% 21% 21% 2010 2011 2012 2013 2014 Share of global Consumer net sales* Share of global Consumer EBIT** * Based on Consumer like-for-like sales. ** Excluding special factors. Results FY 2014 2
Slide 20: tesa Business 2014
TESA BUSINESS 2014 Automotive Sales growth outperforms market development. Operating EBIT margin still on high level in spite of continued investment activity. Construction All regions contributed to the growth. tesa drives sales with system solutions for industry business as well as product
Slide 21: Capital Expenditures
CAPITAL EXPENDITURES Capital Expenditures in mill. € (2010 – 2014) 301 227 151 96 86 2010 2011 2012 2013 2014 Results FY 2014 2/13/2015 | Page 21
Slide 22: Guidance 2015
GUIDANCE 2015 Sales development on a like-for-like basis Profit development on an operative basis Consumer Sales growth 3-5% Total Group EBIT margin slightly above previous year Sales growth 3-5% EBIT margin slightly above tesa previous year Sales growth 3-5% PAT margin slightly above pr
Slide 23: Questions and Answers
RESULTS FY 2014 Questions and Answers Results FY 2014 2/13/2015 | Page 23
Slide 24: How to Contact Investor Relations
HOW TO CONTACT INVESTOR RELATIONS Beiersdorf Website www.Beiersdorf.com IR-Hotline Tel: +49 (0) 40 4909 5000 Fax: +49 (0) 40 4909 18 5000 Email: Investor.Relations@Beiersdorf.com Results FY 2014 2/13/2015 | Page 24