Unilever Plc · LSE:ULVR
Unilever — Q1 2012 Earnings Presentation
24 slides from Unilever's earnings presentation, Apr 26, 2012
Slide 1: Unilever Trading Statement Q1 2012
Unilever Trading Statement Q1 2012 Jean-Marc Huët - CFO James Allison – Head of Investor Relations & M&A 26th April 2012
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‟, „believes‟, „vision‟, or
Slide 3: Q1 2012 - Good performance in a challenging environment
Q1 2012 - Good performance in a challenging environment Balanced growth Broad based growth All categories growing Unilever USG USG 11.9% 10.4% 10.0% 8.4% 2.0% 2.2% 2.0% 2.2% 5.9% 7.4% 4.7% 3.5% 4.2% Personal Home Foods Refresh- USG Volume Price Emerging Developed care care ment
Slide 4: Turnover growth 11.9% with strong contribution from M&A
Q1 2012 - Turnover growth 11.9% with strong contribution from M&A USG 8.4% 0.5% 2.7% 4.7% €12.1bn 3.5% €10.9bn Turnover Q1'11 Vol/Mix Price FX M&A Turnover Q1'12
Slide 5: Strong momentum continues in emerging markets
Q1 2012 - Strong momentum continues in emerging markets underlying sales growth Volume Price 56% of Turnover in Q1 5% 7% Consistent performance over the last 20 years Outperforming the market 5% 5% All categories contributing to sales growth 4 yr average Q1 12
Slide 6: Developed market economies remain weak
Developed market economies remain weak Europe household consumption declining US citizens claiming Food stamps Eurozone unemployment rate % 1.5 12 10.8% 0.5 -0.5 -1.5 Mar-10 Sep-10 Mar-11 Sep-11 45 million 10 6 8 Nov-06 Nov-07 Nov-08 Nov-09 Feb-12 Source: CSB, USDA
Slide 7: Personal Care: momentum continues
Q1 2012 - Personal Care: momentum continues Organic growth % 10.4 • Innovation led growth 6.1 • Launch into white spaces 4.0 • Winning in most markets USG Volume Price We continue to grow ahead of our markets in spite of high competitive intensity
Slide 8: Personal Care: growth driven by strong innovations
Q1 2012 - Personal Care: growth driven by strong innovations Dove Hair styling – United States Lifebuoy Clini-Care 10 - India Rexona Maximum Protection – Roll out
Slide 9: Clear: Unilever's fastest growing brand - now launched in the US
Clear: Unilever‟s fastest growing brand - now launched in the US For her For him
Slide 10: Foods: growth driven by pricing and market development
Q1 2012 - Foods: growth driven by pricing and market development Organic growth % 5.9 • Jelly bouillon continues to be successful 5.5 • Dressings growth driven by market development • Spreads volumes impacted by price 0.4 increases but we continue to innovate USG Volume Price
Slide 11: Savoury market development campaign
Savoury market development campaign Philippines Arabia Mexico 50 billion rice dishes cooked every year Increased penetration of dry dishes Usage as a seasoning
Slide 12: Home care: balanced growth between volume and price
Q1 2012 - Home care: balanced growth between volume and price Organic growth Laundry share gains bps % • Innovation led growth 10.0 40 • Launch into white spaces 4.7 5.1 20 • Product quality improved • Improved communication USG Volume Price Volume Value
Slide 13: Home care: investing in innovation and product quality
Q1 2012 - Home care: investing in innovation and product quality Cif power pro-naturals - Italy DIG superior stain removal – LATAM Surf roll out into white spaces
Slide 14: Refreshment: Ice Cream driving growth in the category
Q1 2012 - Refreshment: Ice Cream driving growth in the category Refreshment organic growth % 7.4 • Ice Cream season early start 4.3 • Magnum strong performance 2.9 • Tea growth remains subdued USG Volume Price
Slide 15: Ice Cream: Magnum growth through innovation and white spaces
Ice Cream: Magnum growth through innovation and white spaces Magnum Infinity – Europe Magnum Mini – United States
Slide 16: James Allison, Head of Investor Relations and M&A
James Allison Head of Investor Relations and M&A
Slide 17: Asia/ AMET/ RUB: Unilever's growth engine
Q1 2012 - Asia/ AMET/ RUB: Unilever‟s growth engine Organic growth % 11.2 Strong performance across the region 5.9 Outstanding growth in Personal Care and Laundry 5.0 All clusters in the region delivering volume and price growth USG Volume Price
Slide 18: Americas: growth driven by market development in LATAM
Q1 2012 - Americas: growth driven by market development in LATAM Organic growth % Latin America momentum continues 7.9 6.5 • Hair innovation and market development in deodorants North America volumes are down marginally, in line with difficult markets 1.3 • Gaining share in Personal Care USG Vol
Slide 19: Europe: benefited from a weak prior year comparator
Q1 2012 - Europe: benefited from a weak prior year comparator Volume % Price % Markets remain subdued 4.0 Key innovations during the quarter: 1.0 0.2 • Launch of Axe Hair • Roll-out of Liquid Margarine -3.0 Half year will be a more realistic time period to assess performance Q1 „11 Q1 „12 Q1 „
Slide 20: M&A: Alberto Culver successfully integrated
M&A: Alberto Culver successfully integrated Top talent retained TRESemmé momentum continues Brazil launch off to an encouraging start Thailand national roll-out started Launch of Simple in the United States during Q1 Cost synergies expected 15%-20% of retained turnover All countries fu
Slide 21: Jean-Marc Huët, CFO
Jean-Marc Huét CFO BREAKTHROUGH EXPERIENCE OF HAIR'S NATURAL STRENGTH & BEAUTY % ce M THE SCALP FEED. SCALP.
Slide 22: Unilever Sustainable Living Plan: 2011 highlights
Unilever Sustainable Living Plan: 2011 highlights 24% of agricultural materials Unilever voted 35 million people have gained access sustainably sourced “outright sustainability leader” to safe drinking water by Key Opinion Formers 1 2 3 4 5 6 7 8 9 10 11 12 13 Source: Globescan Sustainability Survey
Slide 23: Our priorities remain unchanged
Our priorities remain unchanged 1. Volume growth ahead of the market 2. Steady and sustainable core operating margin improvement 3. Strong cash flow
Slide 24: Unilever Trading Statement Q1 2012
Unilever Trading Statement Q1 2012 Jean-Marc Huët - CFO James Allison – Head of Investor Relations & M&A 26th April 2012