Unilever Plc · LSE:ULVR
Unilever — Q3 2018 Earnings Presentation
20 slides from Unilever's earnings presentation, Oct 18, 2018
Slide 1: Unilever Trading Statement Third Quarter 2018
U N I L E V E R T R A D I N G S TAT E M E N T T H I R D Q U A R T E R 2 0 1 8 G R A E M E P I T K E T H LY / R I C H A R D W I L L I A M S 1 8 TH O C TO B E R 2 0 1 8
Slide 2: Safe Harbour Statement
SAFE HARBOUR STATEMENT This announcement may contain forward-looking statements, including ‘forward-looking statements’ within the meaning of the United States Private Securities Litigation Reform Act of 1995. Words such as ‘will’, ‘aim’, ‘expects’, ‘anticipates’, ‘intends’, ‘looks’, ‘believes’, ‘vi
Slide 3: Graeme Pitkethly
GRAEME PITKETHLY r Le DISCOVER RICH FLAVOUR gonpy WITH KNORR | 4 ORGANIC STOCKS rs ee THE WORLD'S FIRST DRY WASH SPRAY
Slide 4: Q3 2018
Q3 2018 • Good growth from price and volume • Emerging markets holding up • All divisions accelerated • Guidance unchanged
Slide 5: Mixed market conditions
Mixed market conditions Crude oil $ barrel price rebased to 100 Currencies vs. USD rebased to 100 Mixed market performance Argentina 130 Peso 220 Turkish Lira 100 100 Brazilian Real Jan’18 Oct’18 Jan’18 Oct’18 Source Nasdaq
Slide 6: Lots of moving parts
Lots of moving parts Underlying Sales Growth Q3’18 • Soft developed markets comparators +4.5% • Brazil truckers with Argentina price growth • Argentina +3.8%
Slide 7: USG 3.8%: Balanced growth from volume and price
USG 3.8%: Balanced growth from volume and price USG 2.6% 4.0% 3.4% 1.6% 3.8% 0.7% 0.1% 0.7% • Pricing coming back UPG 1.4% 3.2% 3.4% 0.3% • Volume strong UVG 2.4% 2.4% 1.2% • Challenges to navigate 0.2% (0.1)% Q3'17 Q4'17 Q1'18 Q2'18 Q3'18 Underlying Sales Growth incl. Spreads excludes Venezuelan pr
Slide 8: Beauty & Personal Care
Beauty & Personal Care Grow the core Evolve the portfolio Strong New core brands Purpose-led Prestige & brands acquisitions USG +4.0%, UVG +2.8%
Slide 9: Home Care
Home Care Grow the core Evolve the portfolio Locally New relevant brands Strong Acquisitions core USG +4.5%, UVG +1.5%
Slide 10: Foods & Refreshment
Foods & Refreshment Grow the core Evolve the portfolio Acquisitions New brands Market development Purpose-led Out of home brands USG +3.2%, UVG +2.5%
Slide 11: Richard Williams
RICHARD WILLIAMS r Le DISCOVER RICH FLAVOUR gonpy WITH KNORR ORGANIC STOCKS STOPS Se THE WORLD'S FIRST DRY WASH SPRAY
Slide 12: Asia / AMET / RUB
Asia / AMET / RUB Third quarter Quarterly trend TO €5.6bn USG 6.0% 6.5% 5.9% 6.3% 6.6% UPG UVG USG 6.6% UVG 4.3% Q3' 17 Q4' 17 Q1' 18 Q 2' 18 Q 3' 18
Slide 13: Latin America
Latin America Third quarter Quarterly trend TO €1.7bn USG 6.6% 4.6% 2.2% (6.9)% 1.5% UPG UVG USG 1.5% UVG 0.1% Q3’17 Q4’17 Q1’18 Q2’18 Q3’18 Underlying Sales Growth exc. Argentinian and Venezuelan Price from 1 July 2018 onwards
Slide 14: Argentina hyperinflation
Argentina hyperinflation Price impact 15bps 35bps 70bps Total Unilever USG 8.9% 10.0% (10.3)% Argentina 34.2% 1.0% 17.4% 7.8% (6.3)% (10.3)% Q1 18 Q2 18 Q3 18
Slide 15: North America
North America Third quarter Quarterly trend TO €2.3bn USG (2.8)% 2.8% 3.1% (1.0)% 1.9% UPG UVG USG 1.9% UVG 0.4% Q3' 17 Q4' 17 Q1' 18 Q 2' 18 Q 3' 18 Underlying Sales Growth exc. Spreads
Slide 16: Europe
Europe Third quarter Quarterly trend TO €3.0bn USG (1.5)% 0.3% 1.6% 1.1% 1.5% UPG UVG USG 1.5% UVG 1.9% Q3’17 Q4’17 Q1’18 Q2’18 Q3’18 Underlying Sales Growth exc. Spreads
Slide 17: Q3 2018: Turnover
Q3 2018: Turnover USG 3.8% 2.1% (0.7)% 2.1% 2.4% (5.3)% 2.2% (5.2)% €13.1bn €12.5bn Q3 2017 UVG UPG ARGENTINA SPREADS M&A FX Q3 2018 Incl. Arg UPG DISPOSAL
Slide 18: Graeme Pitkethly
GRAEME PITKETHLY r Le DISCOVER RICH FLAVOUR gonpy WITH KNORR | 4 ORGANIC STOCKS rs ee THE WORLD'S FIRST DRY WASH SPRAY
Slide 19: 2018 full year outlook
2018 full year outlook ❑ Underlying Sales Growth within the 3-5% range ❑ Underlying Operating Margin: continued progress to 2020 target ❑ Strong cash flow
Slide 20: Unilever Trading Statement Third Quarter 2018
U N I L E V E R T R A D I N G S TAT E M E N T T H I R D Q U A R T E R 2 0 1 8 G R A E M E P I T K E T H LY / R I C H A R D W I L L I A M S 1 8 TH O C TO B E R 2 0 1 8