Slide 1: 9 Months Sales 2003 Conference Call, October 2003
9 Months Sales 2003 Conference Call, October 2003 1 9 Months Sales 2003 Name of chairman
Slide 2: Forward looking statements
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. Potential
Slide 3: Agenda
Agenda • Nine months sales • 2003 outlook (slides from H1) • Background information 3 9 Months Sales 2003 Name of chairman
Slide 4: Organic growth rate within guidance
Organic growth rate within guidance + 2.3 % RIG + 5.4 % + 6.8% ORGANIC constant + 3.1 % Pricing currency GROWTH Acquisitions minus growth + 1.4 % divestitures Exchange - 9.2 % Rates 9 months 2003 sales of CHF 64.6bn 4 9 Months Sales 2003 Name of chairman
Slide 5: Currencies: Swiss Franc remains strong
Currencies: Swiss Franc remains strong Weighted average Jan-Sep Jan-Sep CHF per: 2002 2003 % change Euro (1) 1.47 1.51 2.9 U.S. dollar (1) 1.58 1.36 (14.2) £ sterling (1) 2.34 2.19 (6.8) Real (100) 60.74 43.12 (29.0) Yen (100) 1.26 1.15 (8.8) Mex. Peso (100) 16.73 12.75 (23.8) 5 9 Months Sales 2003
Slide 6: RIG and organic growth by management responsibilities
RIG and organic growth by management responsibilities 12 % RIG % Organic Growth 11.1 10.9 10.3 9.2 10 8 % Growth 5.9 6 4.2 4 2.3 2 1.5 0.2 0.5 0 Sales Europe Americas AOA Waters Other CHF bn 21.4 19.8 10.6 6.4 6.4 6 9 Months Sales 2003 Name of chairman
Slide 7: RIG by product group
RIG by product group 8 6.8 6 5.7 4 2.3 2.0 2 1.0 % RIG 0 -2 Beverages Milk Prepared Petcare Pharmaceutical products, dishes products -4 nutrition and and ice cooking - 4.1 cream aids Chocolate, confectionery Sales and biscuits CHF bn 17.5 17.6 11.5 7.2 7.0 3.8 7 9 Months Sales 2003 Name of chairman
Slide 8: Issues/opportunities in 2003: H1 message
Issues/opportunities in 2003: H1 message Group - sales • H1 pricing to protect margins • H2 pricing weaker but RIG stronger • Currencies: volatile but easier comps in H2 Group - profit • Efficiency programmes on track • Ongoing restructuring guidance: 0.7% of sales • Pension costs below earlier guid
Slide 9: 2003 objectives - H1 update
2003 objectives - H1 update • Creation of 5-6% organic growth trend target • Continued margin improvement • Continued improvement in ROIC • Continued improvement in Ice cream and Chilled dairy • Continued successful integration of acquisitions and GLOBE • First gains from the fixed asset impairments
Slide 10: Background information slides follow
9 Months Sales 2003 Background information slides follow 10 9 Months Sales 2003 Name of chairman
Slide 11: Sales by management responsibilities
Sales by management responsibilities Jan-Sep Jan-Sep CHF bn 2002 2003 % change Zones Europe 21.0 21.4 2.1 Americas 21.4 19.8 (7.3) Asia, Oceania & Africa 11.2 10.6 (5.2) Nestlé Waters 6.1 6.4 5.5 Other activities 6.6 6.4 (3.2) Total Group 66.2 64.6 (2.4) Calculations based on non-rounded sales figur
Slide 12: RIG and organic growth in Europe (Food): Key markets
RIG and organic growth in Europe (Food): Key markets Jan-Sep 2003 % RIG % O.G. Western Europe - 0.2 1.6 France - 0.2 1.5 Germany - 1.4 0.7 GB Region - 2.5 0.0 Petcare Europe 1.1 1.5 Eastern Europe 4.6 10.0 Russia 6.1 17.2 12 9 Months Sales 2003 Name of chairman
Slide 13: RIG and organic growth in the Americas (Food): Key markets
RIG and organic growth in the Americas (Food): Key markets Jan-Sep 2003 % RIG % O.G. North America 2.8 3.4 United States 2.6 3.3 Canada 4.0 9.0 Petcare North America 2.8 2.2 Latin America & Caribbean -3.7 10.6 Brazil -12.1 19.2 Mexico 2.7 3.9 13 9 Months Sales 2003 Name of chairman
Slide 14: RIG and organic growth in AOA (Food): Key markets
RIG and organic growth in AOA (Food): Key markets Jan-Sep 2003 % RIG % O.G. Oceania and Japan - 3.8 - 4.3 Japan - 7.5 - 11.4 Other Asian markets 4.5 6.5 Philippines - 0.1 5.3 Greater China 8.3 8.0 Africa 0.8 12.9 Middle East 4.3 7.2 14 9 Months Sales 2003 Name of chairman
Slide 15: RIG and organic growth in Nestlé Waters
RIG and organic growth in Nestlé Waters Jan-Sep 2003 % RIG % O.G. North America 9.8 9.2 Europe 10.7 12.5 ROW 11.4 12.4 Nestlé Waters total 10.3 10.9 15 9 Months Sales 2003 Name of chairman
Slide 16: RIG and organic growth in other activities
RIG and organic growth in other activities Jan-Sep 2003 % RIG % O.G. Alcon 7.1 9.4 Joint Ventures Including: CPW 7.6 9.4 Galderma 1.2 9.7 Other activities total 9.2 11.1 16 9 Months Sales 2003 Name of chairman
Slide 17: Sales by product group
Sales by product group Jan-Sep Jan-Sep CHF bn 2002 2003 % change* Beverages 17.5 17.5 0.1 Milk products, nutrition and ice cream 18.0 17.6 (2.5) Prepared dishes and cooking aids 11.3 11.5 2.0 Petcare 7.8 7.2 (8.9) Chocolate, confectionery and biscuits 7.5 7.0 (7.4) Pharmaceutical products 3.9 3.8 (3
Slide 18: RIG in Beverages
RIG in Beverages Jan-Sep 2003 % RIG Soluble coffee 3.5 Nestlé Waters 10.3 Beverages total 5.7 18 9 Months Sales 2003 Name of chairman
Slide 19: RIG in Milk products, Nutrition and Ice cream
RIG in Milk products, Nutrition and Ice cream Jan-Sep 2003 % RIG Milk products - 0.7 Nutrition 0.3 Ice cream 4.4 Milk products, nutrition and ice cream total 1.0 19 9 Months Sales 2003 Name of chairman
Slide 20: RIG in Prepared dishes and Cooking aids
RIG in Prepared dishes and Cooking aids Jan-Sep 2003 % RIG Frozen and chilled 2.6 Culinary and others 1.4 Prepared dishes and cooking aids total 2.0 20 9 Months Sales 2003 Name of chairman
Slide 21: RIG in Petcare
RIG in Petcare Jan-Sep 2003 % RIG Europe 1.1 North America 2.8 Petcare total 2.3 21 9 Months Sales 2003 Name of chairman
Slide 22: RIG in Chocolate, Confectionery and Biscuits
RIG in Chocolate, Confectionery and Biscuits Jan-Sep 2003 % RIG Chocolate - 4.2 Sugar confectionery - 1.5 Biscuits - 7.8 Chocolate, confectionery and biscuits total - 4.1 22 9 Months Sales 2003 Name of chairman
Slide 23: RIG in FoodServices
RIG in FoodServices Jan-Sep 2003 % RIG FoodServices total 0.0 23 9 Months Sales 2003 Name of chairman
Slide 24: 9 Months Sales 2003 Conference Call, October 2003
9 Months Sales 2003 Conference Call, October 2003 24 9 Months Sales 2003 Name of chairman