Unilever Plc · LSE:ULVR
Unilever — Q1 2016 Earnings Presentation
19 slides from Unilever's earnings presentation, Apr 14, 2016
Slide 1: Unilever Q1 2016 Results
Unilever Q1 2016 Results Graeme Pitkethly / Andrew Stephen April 14th 2016
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
Slide 4: Markets continue to be challenging
Markets continue to be challenging Mixed economic outlook Weak consumer demand 2016 GDP vs. prior 6% forecast forecast 5% US 2.0% 4% 3% Eurozone 1.6% 2% 1% EM Brazil (4.0%) 0% Russia (2.4%) -1% D -2% India 7.4% -3% China 6.2% Mar-13 2013 Dec-13 2014 Sep-14 Jun-15 2015 Mar-16 2016 Source: Oxford Econ
Slide 5: Consistent and competitive growth
Consistent and competitive growth USG% +4.3% +2.9% +4.1% +4.7% PRICE 1.8% 2.0% 1.9% 1.9% VOL / MIX 2.5% 2.6% 2.1% 1.0% 2013 2014 2015 Q1 2016 5
Slide 6: Q1 2016: Turnover €12.5 billion
Q1 2016: Turnover €12.5 billion (2.0%) €12.8bn +4.7% +0.7% (7.1%) €12.5bn 2015 USG% M&A FX 2016 6
Slide 7: Andrew Stephen
Andrew Stephen ues TRESemme
Slide 8: Personal Care: Innovating to grow the core & build premium
Personal Care: Innovating to grow the core & build premium Growth accelerating +4.1% +5.8% 2015 Q1 2016 USG% 8
Slide 9: Foods: Innovating to accelerate growth
Foods: Innovating to accelerate growth Sustained return to growth +1.5% +1.9% 2015 Q1 2016 USG% 9
Slide 10: Home Care: Innovating to grow margin & scale household care
Home Care: Innovating to grow margin & scale household care Continued strong growth +5.9% +7.0% 2015 Q1 2016 USG% 10
Slide 11: Refreshment: Innovating in fast growing, premium segments
Refreshment: Innovating in fast growing, premium segments Competitive growth +5.4% +3.8% 2015 Q1 2016 USG% 11
Slide 12: Performance driven by Emerging Markets
Performance driven by Emerging Markets Asia / AMET / RUB Latin America North America Europe €5.4bn €1.8bn €2.2bn €3.1bn USG 5.0% USG 17.9% USG 0.1% USG (0.6%) UVG 4.2% UVG 2.4% UVG (0.1%) UVG 1.8% Emerging markets +8.3% USG with +3.7% UVG 12
Slide 13: Graeme Pitkethly
Graeme Pitkethly
Slide 14: 2016 key initiatives
2016 key initiatives Net Revenue Management New Functional Models Zero Based Budgeting MORE GLOBAL AND MORE LOCAL 14
Slide 15: Underpinning consistent, competitive growth
Net Revenue Management Example: Brilhante Brazil Pack size 1kg 2kg 3kg Change in relative price index +9 -3 +9 Share change (bps) +470 +380 +200 Underpinning consistent, competitive growth 15 Pricing remains at the sole discretion of the retailer
Slide 16: New Functional Models
New Functional Models More global More local Faster, simpler • More consumer & customer centric • More resources market-facing • Fewer layers • Clearer accountabilities Faster scaling and roll-out of Faster, more in tune with local trends • Faster decisions & lower cost marketing programmes and comp
Slide 17: ZBB and New Functional Models: €1bn p.a. savings by 2018
Zero Based Budgeting Step 1: Global Visibility Step 2: Step 3: Wave 1 Value targeting Implementation 22 key markets Step 2: Step 3: Wave 2 Value targeting Implementation Remaining markets Jan April July Dec 2016 2017 ZBB and New Functional Models: €1bn p.a. savings by 2018 Underpinning steady year o
Slide 18: 2016 priorities remain unchanged
2016 priorities remain un-changed Volume-driven growth ahead of our markets Steady and sustainable improvement in core operating margin Strong cash flow 18
Slide 19: Unilever Q1 2016 Results
Unilever Q1 2016 Results Graeme Pitkethly / Andrew Stephen April 14th 2016