Beiersdorf Ag · XETR:BEI
Beiersdorf — H1 2021 Earnings Presentation
27 slides from Beiersdorf's earnings presentation, Aug 5, 2021
Slide 1: Half-Year Report 2021
HALF-YEAR REPORT 2021 Vincent Warnery, Astrid Hermann Hamburg, August 05, 2021 Page 1 August 05, 2021 | Half-year report 2021
Slide 2: Strategic roadmap remains: climate-positive future, culture, digital
Shaping a climate-positive future Enhance diverse corporate culture remains strategic roadmap Leverage success stories Accelerate digital initiatives Build a global transgenerational strategy Page 2 August 05, 2021 | Half-year report 2021
Slide 3: Financial Review H1 2021: Sales above pre-Covid levels
FINANCIAL REVIEW H1 2021 SALES ABOVE PRE-COVID LEVELS vs. 2020 +9.1% +22.1% +16.5% +41.0% +28.2% Consumer: +13.6% vs. 2020 / +0.7% vs. 2019 Group: +16.2% vs. 2020 / +3.3% vs. 2019 Organic sales development Page 3 August 05, 2021 | Half-year report 2021
Slide 4: Win with Skincare
WIN WITH SKINCARE Page 4 August 05, 2021 | Half-year report 2021
Slide 5: Breakthrough Innovations
WIN WITH SKIN CARE Most successful launch in Beiersdorf history BREAKTHROUGH INNOVATIONS 10 years of development 50.000 compounds tested Page 5 August 05, 2021 | Half-year report 2021
Slide 6: Expansion Luminous630
WIN WITH SKIN CARE EXPANSION LUMINOUS 630® NIVEA CELLULAR LUMINOUS630® Tinted Fluid SPF20 Double Corrector NIVEA CELLULAR NIVEA LUMINOUS630® LUMINOUS630® Night Complexion Advanced Hand Cream Repair Page 6 August 05, 2021 | Half-year report 2021
Slide 7: Success in China
+43.8% sales growth vs 2020* +12.5% sales growth vs 2019* SUCCESS IN CHINA * Consumer business Greater China incl. Travel Retail Page 7 August 05, 2021 | Half-year report 2021
Slide 8: Success in China
WIN WITH SKIN CARE SUCCESS IN CHINA It’s all about premium skincare Tmall drives the E-Com acceleration Hainan with superior growth Page 8 August 05, 2021 | Half-year report 2021
Slide 9: Success in China: Derma
WIN WITH SKIN CARE SUCCESS IN CHINA Strong growth since launch in 2019 Building a digital ecosystem Focus on regional innovations +60.8% sales growth vs 2020* * Derma business Greater China Page 9 August 05, 2021 | Half-year report 2021
Slide 10: Success in China
WIN WITH SKIN CARE SUCCESS IN CHINA Leverage growth potential Reengineer the brand Encouraging launch of Luminous W630® Page 10 August 05, 2021 | Half-year report 2021
Slide 11: Integration completed successfully, winning market share
Integration completed successfully Winning Market Share in 2021 for the first time since 2012 Strong sales growth in H1 2021 Page 11 August 05, 2021 | Half-year report 2021
Slide 12: Introducing New Coppertone 2022
UNLOCK WHITE SPOTS INTRODUCING NEW Strengthen focus COPPERTONE 2022 on key segments and strong innovation pipeline Page 12 August 05, 2021 | Half-year report 2021
Slide 13: Sustainability: Care Beyond Skin
CARE BEYOND SKIN SUSTAINABILITY FIRST CLIMATE-NEUTRALIZED NIVEA PRODUCTS ~65% reduction of CO2 emissions (Scope 1 and 2) since 2014* By 2030 Climate neutrality at production sites * Excluding Coppertone Page 13 August 05, 2021 | Half-year report 2021
Slide 14: Care Beyond Skin: Beiersdorf Vaccination Center
BEIERSDORF VACCINATION CENTER CARE BEYOND SKIN 5000 VACCINATIONS Page 14 August 05, 2021 | Half-year report 2021
Slide 15: Financials H1 2021
H1 2021 FINANCIALS ASTRID HERMANN Page 15 August 05, 2021 | Half-year report 2021
Slide 16: Group Key Figures H1 2021
KEY FIGURES H1 2021 GROUP Jan. – June 2020 Jan. – June 2021 Change Mil. € Mil. € Nominal Organic Sales 3,449 3,874 +12.3% +16.2% EBIT* 472 595 Profit after tax* 316 425 EBIT margin* 13.7% 15.3% Profit after tax margin* 9.2% 11.0% Earnings per share in €* 1.37 1.83 *Excluding special factors Page 16
Slide 17: Segments Key Figures H1 2021
KEY FIGURES H1 2021 SEGMENTS Jan. – June 2020 Jan. – June 2021 Change Consumer Mil. € Mil. € Nominal Organic Sales 2,834 3,101 +9.4% +13.6% EBIT* 376 436 EBIT margin* 13.3% 14.1% tesa Sales 615 773 +25.7% +28.2% EBIT* 96 159 EBIT margin* 15.6% 20.5% *Excluding special factors Page 17 August 05, 2021
Slide 18: Consumer: Organic sales growth
KEY FIGURES H1 2021 CONSUMER Organic sales growth in % +27.1 +13.6 +2.7 Q1 2021 Q2 2021 H1 2021 -6.6 FY 2020 Page 18 August 05, 2021 | Half-year report 2021
Slide 19: Consumer Brands
KEY FIGURES H1 2021 CONSUMER BRANDS NIVEA DERMA HEALTHCARE LA PRAIRIE Q2 2021 +19.0% +36.1% +40.1% +77.1% H1 2021 +9.1% +22.1% +16.5% +41.0% Page 19 August 05, 2021 | Half-year report 2021
Slide 20: Consumer Sales in Mil. €
KEY FIGURES H1 2021 CONSUMER Europe SALES IN MIL. € 1,489 +9.1%* Western Europe North America 1,211 Eastern Europe 348 +8.7%* 278 +17.2%* +10.7%* Americas 662 Latin America Africa, Asia & Australia +20.7%* 314 +24.9%* 950 +16.1%* * Organic growth Page 20 August 05, 2021 | Half-year report 2021
Slide 21: Consumer Gross Margin
KEY FIGURES H1 2021 CONSUMER GROSS MARGIN +0.6 -1.4 +0.7 In % of consumer sales 60.7 +0.5 61.1 H1 2020 Price Mix Cost of sales, FX H1 2021 logistics & others *@FX avg. 2020 Page 21 August 05, 2021 | Half-year report 2021
Slide 22: Consumer Working Capital
KEY FIGURES H1 2021 CONSUMER WORKING CAPITAL In % of consumer sales (12-months rolling) 9.6 9.5 9.1 9.2 6.9 H1 2019 FY 2019 H1 2020 FY 2020 H1 2021 Page 23 August 05, 2021 | Half-year report 2021
Slide 23: Digital Investments
KEY FIGURES H1 2021 CONSUMER DIGITAL INVESTMENTS ACCELERATE DIGITAL TRANSFORMATION Upskilling of employees & strong investments in digital infrastructure LEVERAGE PRECISION MARKETING Build 1on1 consumer relations E-COMMERCE: +40% GROWTH IN H1 Doubled headcount & increased significantly our digital m
Slide 24: tesa Total
KEY FIGURES H1 2021 Organic growth H1 2021 in % TESA TOTAL +28.2% Q2: +33.5% +38.4% DIRECT INDUSTRIES Automotive | Electrical systems | Electronics | +14.9% TRADE MARKETS Direct growth markets Consumer & craftsmen | General industrial markets Page 25 August 05, 2021 | Half-year report 2021
Slide 25: tesa Outperforms the Market
REVIEW H1 2021 TESA OUTPERFORMS THE MARKET ELECTRONICS Thermally conductive tapes for 5G smartphones AUTOMOTIVE Fire protection with high-tech adhesive tapes in electric vehicles DO-IT-YOURSELF DIY-trend continues also in 2021 | Sustainable tapes based on biological material Page 26 August 05, 2021
Slide 26: Guidance FY 2021
GUIDANCE FY 2021 Consumer • Sales growth HSD • EBIT margin at previous year’s level Total Group tesa • Sales growth HSD • EBIT margin at previous year’s level • Sales growth HSD • EBIT margin at previous year’s level 2020 data for reference (excluding special factors): • Consumer EBIT 12.3% • tesa E
Slide 27: Q&A
Q&A Page 28 August 05, 2021 | Half-year report 2021