Pt Unilever Indonesia Tbk · IDX:UNVR
Pt Unilever Indonesia Tbk — Q2 2022 Earnings Presentation
23 slides from Pt Unilever Indonesia Tbk's earnings presentation, Jul 26, 2022
Slide 1: PT Unilever Indonesia Tbk. Q2 2022 Earning Calls
PT Unilever Indonesia Tbk. Q2 2022 Earning Calls: July 26th, 2022
Slide 2: Macroeconomics continue to improve, as well as household consumption
Macroeconomics continue to improve, as well as household consumption Indonesia HIGHER CONSUMER CONFIDENCE INDEX & INCREASED FMCG CONSUMER SPENDING & RECOVERING GDP MOBILITY CONSUMPTION Quarters Consumer Confidence Household Spending Quarterly Growth 3.40% 126.4 128.2 2.50% 118.3 107.4 111 7.07 0.60%
Slide 3: Challenging operating environment remains
Challenging operating environment remains Indonesia INDONESIA INFLATION COMMODITY INFLATION FOREIGN EXCHANGE Brent Crude Oil CPO 15 Jul 2022 4.35% +52% +47% Avg H1’22 vs H1’21 Avg H1’22 vs H1’21 120 IDR/USD 14,969 14,572 14,349 14,307 14,269 100 80 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 60 IDR/EU
Slide 4: The Strong start continues in Q2
ULI Business Performance H1 2022 The Strong start continues in Q2 Unilever Indonesia Sales Gross Margin Net Profit Growth of Net Sales Reported GM Reported Net Profit +7.4% Q2 2022 47.7% IDR 1.4 Tn Q2 2022 Q2 2022 -133 bps +4.5% H1 2022 +6.4% H1 2022 48.2% H1 2022 IDR 3.4 Tn -259 bps +12.6% Strong g
Slide 5: Focus on Strategic Priorities resulting to strong H1 performance
Focus on Strategic Priorities resulting to strong H1 performance Unilever Indonesia 1. 2. Strengthen & Unlock Develop our full 3. 4. Core with Market Build the execution E-everything, portfolio across Development powerhouse including Data consumers’ program & impactful Driven Capabilities segment in
Slide 6: Focus on Strategic Priorities resulting to strong H1 performance
Focus on Strategic Priorities resulting to strong H1 performance Unilever Indonesia 1. 2. Strengthen & Unlock Developing our full 3. 4. Core with Market E-everything, portfolio play Be the execution Development including Data across consumers' powerhouse program & impactful Driven Capabilities segme
Slide 7: 40% growth contribution from New Innovations to Total ULI
1. Strengthen & Unlock Core with Market Development & impactful innovation Unilever Indonesia 40% growth contribution from New Innovations to Total ULI Bigger, Better Innovations, and Product Superiority Beauty & Personal Care Foods & Refreshment Home Care Superior formulation to our Core Healthier
Slide 8: Market Development across Pillars
1. Strengthen & Unlock Core with Market Development & impactful Indonesia innovation Market Development across Pillars More Users More Usage More Benefit
Slide 9: Focus on Strategic Priorities resulting to strong H1 performance
Focus on Strategic Priorities resulting to strong H1 performance Indonesia 1. Growing Core with 2. 3. 4. Market Develop our full E-everything, Be the execution Development portfolio across including Data powerhouse agenda & impactful consumers' segment Driven Capabilities innovation
Slide 10: Develop our full portfolio across consumers' segment
2. Develop our full portfolio across consumers' segment Indonesia Drive Premiumization Serve Value Segment High Growth Space. Secure the price competitiveness in value segment through innovation and price/pack.
Slide 11: Focus on Strategic Priorities with Consistent Improvement in Execution
Focus on Strategic Priorities with Consistent Improvement in Execution Indonesia 1. 2. Growing Core with Developing our full 3. 4. Market E-everything, portfolio play Build the execution Development including Data across consumers' powerhouse agenda & impactful Driven Capabilities segment innovation
Slide 12: Key Strategies in Digital Commerce
3. Build the execution powerhouse Indonesia Key Strategies in Digital Commerce ULI eCommerce +91% H1 2022 Growth eCom contribution 7.1% Designed for Ecomm Create & Capture Demand Portfolio 0.1% Execution Excellence '17 '18 '19 '20 '21 H1'22
Slide 13: Double Digit growth in GT: Everyday's Excellent Execution
3. Build the execution powerhouse (cont’d) Indonesia Double Digit growth in GT: Everyday’s Excellent Execution Strengthened Market Works in DT What’s More: Unlock the Future-Fit DT Scale & Profitability. Driving scale via DT consolidation A collaborative partnership increasing turnover per DT point
Slide 14: A strong start by delivering +7.8% YoY in Domestic Sales Q2 2022
A strong start by delivering +7.8% YoY in Domestic Sales Q2 2022 Result Summary USG UPG UVG Vol Growth USG -7.4% -6.6% -8.0% -10.0% 5.8% 7.8% Q2 2022 +7.8% +14.8% -6.1% -4.3% H1 2022 +6.8% +12.3% -4.9% -2.4% • A solid quarter with a strong topline (domestic sales) and bottom line. UPG • Landing pric
Slide 15: Profit and Cash Flow H1
Profit and Cash Flow H1 Unilever Indonesia Strong cashflow Net Profit H1 EPS H1 delivery in H1 IDR 3.4 T IDR 90 +12.6% REPORTED* IDR 80 +12.6% IDR 1.9 T *Include One-Off Adjustment from 2021 Central Service Fee H1 2021 H1 2022 Maintain profit despite high inflation and stepping up in brand investmen
Slide 16: 2022 Domestic Sales Growth by Division
2022 Domestic Sales Growth by Division Unilever Indonesia BEAUTY & PERSONAL FOODS & UNILEVER FOODS HOME CARE CARE REFRESHMENT SOLUTION Q2 YoY 10.7% Q2 YoY 2.3% Q2 YoY 7.5% Q2 YoY 16.5% H1 YoY 8.7% H1 YoY 1.4% H1 YoY 7.5% H1 YoY 21.0% TOTAL HPC TOTAL F&R Q2 YoY USG 7.7% | H1 YoY 6.0% Q2 YoY 8.0% | H1
Slide 17: Beauty and Personal Care
Beauty and Personal Care Unilever Indonesia Result Summary Superior Products Play Full Portfolio • USG Q2 YoY +10.7%. • Double-digit USG and strong volume growth in Oral & Deo. • Q2 growth in across PC categories, Including high single digit in Skin Cleansing and mid- single digit in Hair and Skin C
Slide 18: Home Care
Home Care Unilever Indonesia Result Summary Superior Products Play Full Portfolio • USG Q2 YoY +2.3%. • Double-digit sales growth in Fabric Cleaning led by price and volume growth. • Challenge in Dishwash still continues. • Decline in UVG mostly driven by unfavorable Market Development Purposeful In
Slide 19: Foods & Refreshment
Foods & Refreshment Unilever Indonesia Result Summary Superior Products Play Full Portfolio • USG Q2 YoY +7.5%. • Double-digit topline growth & competitive growth in Savory & Juice. • Positive USG for Out-of-Home Ice Cream, In-Home Ice Cream declined as consumers mobility increased. Market Developme
Slide 20: Unilever Foods Solution
Unilever Foods Solution Unilever Indonesia Result Summary Improved Penetration Design for Channel • USG Q2 YoY +16.5%. • Riding on market recovery with strong reach & penetration drive, offline and online. Customer cooking demos/ ideation 87 internal New customers & menu in Chain Restaurants team’s
Slide 21: Advertising investments increased by 64% Q2 YoY, 39% H1 YoY
Continue stepping up in advertising spending as our commitment to put right level of investment behind our brands Unilever Indonesia A&P as % of Net Sales TARGET 8.1% > 7% 6.8% 5.8% 5.6% 5.5% 5.5% 4.7% 4.4% 4.3% 4.0% 4.1% 3% - 4% 2.9% 2018 2019 2020 2021 Q1'22 Q2'22 2022 Advertising Promotion Advert
Slide 22: Looking ahead
Looking ahead Unilever Indonesia Our FOCUS in 2022 View of H2 2022 remains the same We remain cautiously optimistic in the near term: Continuing growth momentum and hunt for ➢ Normalization of economic activities and mobility competitive growth ➢ Impact of Inflation Invest for growth while managing
Slide 23: Thank you
Thank you Ira Noviarti (CEO), Enny Sampurno(Director)
PT Unilever Indonesia — Q2 2022 Earnings Presentation on 6ix