Unilever Plc · LSE:ULVR
Unilever — Q3 2020 Earnings Presentation
20 slides from Unilever's earnings presentation, Oct 22, 2020
Slide 1: Unilever Q3 2020 Trading Statement
Unilever Q3 2020 Trading Statement Alan Jope & Graeme Pitkethly 22nd October 2020
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: Alan Jope
Alan Jope Unilever Q3 2020 Trading Statement 22nd October 2020
Slide 4: Q3 2020 Trading update
Q3 2020 Trading update Total Emerging Markets Developed Markets Underlying Sales Growth Underlying Sales Growth Underlying Sales Growth +4.4% +5.3% +3.1% +3.9% +3.7% +4.1% Underlying Volume Growth Underlying Volume Growth Underlying Volume Growth +1.4%Underlying Sales Growth YTD 4
Slide 5: Agility and operational excellence
Agility and operational excellence Changing dynamics 5 growth fundamentals Increased consumer consumption hygiene, in-home eating 1 Channel switching offline to online 2 Decreased consumer occasions 3 personal care & beauty 4 Channel closures food service, out of home ice cream 5 5
Slide 6: Strategic change agenda
Strategic change agenda Legal simplification Clean Future strategy Shaping the portfolio 6
Slide 7: Graeme Pitkethly
Graeme Pitkethly Unilever Q3 2020 Trading Statement 22nd October 2020
Slide 8: Category portfolio
€52bn Category portfolio Turnover FY 2019 €9bn Laundry TO FY 2019 0% (1)% 4% €7bn Hygiene TO FY 2019 Q1 Q2 Q3 7% 26% 19% €0.6bn Personal €16bn Prestige Care TO FY TO FY 2019 2019 Q1 Q2 Q3 (2)% (10)% 8% (1)% (10)% (2)% Q1 Q2 Q3 Q1 Q2 Q3 €14bn €5.5bn In Home TO FY 2019 Out of Home TO FY 2019 4% 17% 12
Slide 9: Beauty & Personal Care
Q3 Q3 +3.8% +3.5% Beauty & Personal Care USG UVG Skin Cleansing Prestige Rest of BPC +20%Q3 USG +8%Q3 USG (2)%Q3 USG Dove hand sanitiser Channel impact Hair Care Health & Beauty channel Q 3 USG% partially open X% I Wash & Care +4% Styling (18)% Shift to eCommerce Total Hair +2% 9 Rest of BPC: Hair c
Slide 10: Food & Refreshment
Q3 Q3 +3.7% +1.8% Food & Refreshment USG UVG In Home Out of Home +12%Q3 USG (16)%Q3 USG Q2 USG% Q3 USG% Q2 USG% Q3 USG% Savoury, Dressings, Food Service (56)% (21)% +14% +12% Tea Out of Home Ice In Home Ice Cream +26% +16% (35)% (13)% Cream Shaping the portfolio Food Service still negative (21)% Q3
Slide 11: Home Care
Q3 Q3 +6.7% +8.5% Home Care USG UVG Home & Hygiene Laundry +18%Q3 USG +4%Q3 USG Domestos multi-surface cleaner Superior performance, sustainability & value 75% plastic reduction I 20-30% lower price than standard 3L 11
Slide 12: Q3 2020: Group USG performance
Q3 2020: Group USG performance USG 2.9% 1.5% 0.0% (0.3)% 4.4% USA UK Indonesia C hina 0.5% Outbreak COVID -19 Recovery Brazil India 3.9% UPG • Disconnect between the progress of the pandemic and economic activity UVG • Opening up economies to protect livelihoods vs. lockdowns to protect health • Pol
Slide 13: Asia / AMET / RUB
Asia / AMET / RUB USG 5.6% 2.1% (3.7)% (1.8)% 4.5% • China: sales up double digit led by BPC and a return to growth in Food Service 0.7% • India: low single digit growth driven by Foods & Refreshment and hygiene products 3.7% UPG UVG • SEA: low single digit growth '19 Q3 '19 Q4 '20 Q1 '20 Q2 '20 Q3
Slide 14: Latin America
Latin America USG 3.2% 3.8% 4.9% (0.8)% 6.5% • Covid-19 cases rising and many markets still in lockdown 4.2% • Brazil: high single digit sales growth, with demand stimulated by emergency cash pay-outs UPG 2.1% UVG • Argentina: continued volume growth, but soft comparator due to price increases in pr
Slide 15: North America
North America USG 0.3% 0.6% 4.8% 9.5% 9.1% • Growth driven by in-home foods & ice cream, and hygiene products 0.5% • Regional growth includes c.(1.5)% negative impact from Food Service due to channel closures UPG 8.6% UVG • USA: Foods & Refreshment (excl. Food Service) USG +18% '19 Q3 '19 Q4 '20 Q1
Slide 16: Europe
Europe USG (0.3)% (0.8)% 1.4% (4.5)% (0.8)% • OOH ice cream and Food Service impacted by channel closures 1.3% • Price declines driven by a step up in promotional intensity across the region (2.1)% UPG UVG • UK: up mid single digit, as demand for in-home foods and hygiene products remains high '19 Q
Slide 17: Q3 2020: Turnover (2.4)%
Q3 2020: Turnover (2.4)% USG 4.4% 1.4% 3.9% 0.5% (0.2)% A & D 1.3% (7.7)% €13.3 bn €12.9 bn 17 Reflecting treatment of hyperinflation in USG as announced in September 2019
Slide 18: Alan Jope
Alan Jope Unilever Q3 2020 Trading Statement 22nd October 2020
Slide 19: Unilever #ComeOutStronger
Unilever #ComeOutStronger Resilience Agility Strategic future • Portfolio • Category • Unification • Operational excellence • Geography • Sustainability • Financial strength • Supply • Portfolio evolution We are focused on volume led, competitive growth, delivering absolute underlying operating prof
Slide 20: Unilever Q3 2020 Trading Statement
Unilever Q3 2020 Trading Statement Alan Jope & Graeme Pitkethly 22nd October 2020