Slide 1: Q1 2024 Sales
Q1 2024 SALES Juergen Esser Chief Financial Officer
Slide 2: Q1 2024 Highlights: A Good Start to the Year
Q1 2024 HIGHLIGHTS A GOOD START TO THE YEAR EUROPE +2.8% +3.0% NORTH AMERICA +2.5% CHINA, NORTH ASIA & OCEANIA +8.9% +3.8% +4.1% LATIN AMERICA +4.1% +8.1% LFL sales growth REST OF THE WORLD +6.0% Note: all data in like-for-like 2
Slide 3: Further Delivering on Renew Danone Agenda
Q1 2024 HIGHLIGHTS FURTHER DELIVERING ON RENEW DANONE AGENDA POSITIVE VOLUME/MIX ACROSS CATEGORIES ACTIVELY ROTATING THE PORTFOLIO LFL sales growth +3.0% +3.8% +8.1% Volume/ mix +0.8% +0.3% +3.9% 3
Slide 4: Q1 2024 Sales Bridge LFL Growth: +4.1%
Q1 2024 SALES BRIDGE VOLUME/MIX UP +1.2% AMID PRICING NORMALIZATION LFL GROWTH: +4.1% +2.9% -1.6% -5.0% +1.2% €6,962m of which -3.2% from currencies €6,789m : REPORTED GROWTH: -2.5% Q1 2023 Volume/mix Price Currency, contribution Scope Q1 2024 Net Sales of hyperinflation Net Sales and others1 1. Inc
Slide 5: Europe: Solid Start to the Year
EUROPE SOLID START TO THE YEAR Q1 2024 DEVELOPMENTS Q1 2024 KEY FIGURES • EDP further improving competitiveness despite temporary Net sales €2.3bn shipment disruptions; transformation on track Like-for-like sales growth +2.8% • Strong performance in Waters led by evian and Volvic Volume-mix / price
Slide 6: North America: Solid Quarter Led by Coffee Creations and High Protein
NORTH AMERICA SOLID QUARTER LED BY COFFEE CREATIONS AND HIGH PROTEIN Q1 2024 DEVELOPMENTS Q1 2024 KEY FIGURES • Resilient and balanced growth algorithm Net sales €1.7bn • Performance driven by International Delight, Stok and Like-for-like sales growth +2.5% Oikos in the US and Canada Volume-mix / pr
Slide 7: China, North Asia & Oceania: Strong Start to the Year
CHINA, NORTH ASIA & OCEANIA STRONG START TO THE YEAR Q1 2024 DEVELOPMENTS Q1 2024 KEY FIGURES • Continued competitive momentum in Specialized Net sales €0.8bn Nutrition on a high base Like-for-like sales growth +8.9% • Strong start to the year for Mizone Volume-mix / price +6.9% / +2.0% • Another qu
Slide 8: Latin America: Broad-Based Growth Across Categories
LATIN AMERICA BROAD-BASED GROWTH ACROSS CATEGORIES Q1 2024 DEVELOPMENTS Q1 2024 KEY FIGURES • Strong growth in Waters driven by Bonafont Net sales €0.7bn • EDP value-added portfolio performing well; vol/mix Like-for-like sales growth +4.1% impacted by licensing out of milk in Brazil Volume-mix / pri
Slide 9: Rest of the World: Good Quarter on a High Base
REST OF THE WORLD GOOD QUARTER ON A HIGH BASE Q1 2024 DEVELOPMENTS Q1 2024 KEY FIGURES • Solid quarter in Specialized Nutrition across Asia and Net sales €1.2bn Middle-East on a high base Like-for-like sales growth +6.0% • Making continued progress in fixing Dairy business Volume-mix / price +1.0% /
Slide 10: 2024 Priorities Remain Unchanged
2024 PRIORITIES REMAIN UNCHANGED PREPARATION OF 2024 GUIDANCE RENEW NEXT CHAPTER LFL Sales Growth +3% to +5% Capital Market Event June 19-20, 2024 Recurring Operating Margin Amsterdam Moderate improvement 10
Slide 11: Appendix
7 20M. L-CASEI BAKTERIJAS APPENDIX fey DANONE!
Slide 12: Q1 2024 Sales by Geographical Zone
Q1 2024 SALES BY GEOGRAPHICAL ZONE EUROPE NORTH CHINA, NORTH LATIN REST OF COMPANY AMERICA ASIA & OCEANIA AMERICA THE WORLD Q1 net sales €2,336m €1,737m €840m €727m €1,150m €6,789m Like-for-like growth +2.8% +2.5% +8.9% +4.1% +6.0% +4.1% Volume/Mix +0.1% +1.5% +6.9% -2.6% +1.0% +1.2% Price +2.8% +1.
Slide 13: Q1 2024 Sales by Category
Q1 2024 SALES BY CATEGORY COMPANY Q1 net sales €3,474m €2,183m €1,132m €6,789m Like-for-like growth +3.0% +3.8% +8.1% +4.1% Volume/Mix +0.8% +0.3% +3.9% +1.2% Price +2.2% +3.5% +4.2% +2.9% 13
Slide 14: Q1 2024 Sales by Geographical Zone by Category
Q1 2024 SALES BY GEOGRAPHICAL ZONE BY CATEGORY EUROPE NORTH CHINA, NORTH AMEA, CIS & COMPANY AMERICA ASIA & OCEANIA LATIN AMERICA EDP Sales €1,088m €1,590m €87m €709m €3,474m LFL growth +1.7% +2.6% +16.0% +4.9% +3.0% SPECIALIZED NUTRITION Sales €785m €80m €596m €722m €2,183m LFL growth +2.5% -5.7% +
Slide 15: Q1 2024 Sales by Geographical Zone: Reported Growth
Q1 2024 SALES BY GEOGRAPHICAL ZONE Q1 2024 CHINA, NORTH LATIN REST OF EUROPE NORTH AMERICA TOTAL ASIA & OCEANIA AMERICA THE WORLD Like-for-like sales growth +2.8% +2.5% +8.9% +4.1% +6.0% +4.1% Scope -0.0% - - - -23.5% -5.0% Currency and others1 +1.1% -1.1% -7.0% -11.1% -9.7% -3.5% IAS 29 impact - -
Slide 16: Changes in Exchange Rates
CHANGES IN EXCHANGE RATES % total Q1 2024 Q1 24 vs Q1 23 (avg) United States Dollar 24.0% -1.2% Chinese Renminbi 10.2% -6.0% Indonesian Rupiah 6.2% -3.9% Mexican Peso 5.6% +8.5% British Pound 5.4% +3.1% Polish Zloty 3.0% +8.7% Canadian Dollar 2.8% -0.9% Brazilian Real 2.6% +3.8% Turkish Lira 2.0% -3
Slide 17: Disclaimer
DISCLAIMER This presentation contains certain forward-looking statements concerning Danone. In some cases, you can identify these forward-looking statements by forward-looking words, such as “estimate”, “expect”, “anticipate”, “project”, “plan”, “intend”, “objective”, “believe”, “forecast”, “guidanc