Unilever Plc · LSE:ULVR
Unilever — Q1 2023 Earnings Presentation
19 slides from Unilever's earnings presentation, Apr 27, 2023
Slide 1: Unilever Q1 2023 Trading Statement
Unilever Q1 2023 Trading Statement ALAN JOPE & GRAEME PITKETHLY 27 APR 2023
Slide 2: Safe harbour statement
Safe harbour statement This document 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', 'vision
Slide 3: Unilever Q1 2023 Trading Statement - Alan Jope
Unilever Q1 2023 Trading Statement ALAN JOPE
Slide 4: Good start to the year, growth driven by strategic priorities
Good start to the year, growth driven by strategic priorities Double-digit growth, broad-based Improved volume performance, price growth remained elevated Growth driven by biggest brands and strong innovation Executing well through new organisation 4
Slide 5: Improved volume growth, price growth remained elevated
Improved volume growth, price growth remained elevated Q1 growth Price and volume Competitiveness UPG 10.5% 13.3% 12.5% 11.2% 10.7% 48% Underlying sales growth 8.3% % Business Winning MAT1 (0.2)% (1.0)% (2.1)% (1.6)% 10.7% (0.2)% (3.6)% UPG UVG UVG Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 1Moving Annual Total
Slide 6: Continued progress in line with strategic priorities
Continued progress in line with strategic priorities Win with brands and Move portfolio into Accelerate USA, India, Lead in channels of innovation high growth spaces China and EMs the future Q1 USG 14 €1bn+ brands Nine quarters 8.0% 15% of double-digit dCom % TO growth for Prestige 54% and Health &
Slide 7: Future-fit organisation enabling disciplined execution
Future-fit organisation enabling disciplined execution Unilever Corporate Centre Prioritisation and Beauty & Personal speed of execution Home Care Nutrition Ice Cream Wellbeing Care Speed of SKU rationalisation Reset of business models Business Group-led procurement Unilever Business Operations 7
Slide 8: Innovation driving growth in our big brands
Innovation driving growth in our big brands Dove Omo Rexona Breakthrough nanotechnology Winning formula in plastic-free Superior market-leading moisturisation packaging technology Hellmann’s Magnum Clear Extension into fast-growing Continued premiumisation and Premium range with proven intense flavo
Slide 9: Unilever Q1 2023 Trading Statement - Graeme Pitkethly
Unilever Q1 2023 Trading Statement GRAEME PITKETHLY
Slide 10: Underlying sales growth
Underlying sales growth First Quarter 10.6% 10.5% 10.5% (0.2)% 10.7% 9.2% USG UVG UPG 8.8% 7.3% USG 10.7% • Price growth remained elevated UPG • Improved volume performance (0.2)% UVG • Continued broad-based growth across all Business Groups Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 10
Slide 11: Beauty & Wellbeing
9.3% 2.6% 6.5% Beauty & Wellbeing USG UVG UPG USG 9.5% 9.3% 7.4% 7.7% 6.7% UPG 6.5% 2.6% UVG Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 • Prestige Beauty and Health & Wellbeing continued to grow double-digit • Hair Care grew high single-digit driven by Sunsilk, TRESemmé, Clear, and Nexxus • Core Skin Care grew m
Slide 12: Personal Care
12.7% 3.0% 9.4% Personal Care USG UVG UPG USG 12.7% 8.9% 9.1% 6.8% 6.7% 9.4% UPG 3.0% UVG Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 • Deodorants volume grew double-digit, helped by recovery in service levels and associated pipeline refill • Skin Cleansing performed well driven by Latin America and South Asia 12
Slide 13: Home Care
10.2% (2.8)% 13.4% Home Care USG UVG UPG USG 13.6% 12.2% 12.3% 10.2% 9.2% UPG 13.4% UVG (2.8)% Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 • Fabric Cleaning grew double-digit with capsules and liquids benefitting from premiumisation • Fabric Enhancers grew high single-digit, with Comfort performing well in Latin
Slide 14: Nutrition
11.9% (1.3)% 13.4% Nutrition USG UVG UPG USG 11.8% 11.9% 10.1% 7.0% 6.2% UPG 13.4% UVG (1.3)% Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 • Dressings delivered another quarter of strong price-driven growth and positive volume, led by Hellmann’s • Unilever Food Solutions grew double-digit with China recovering thr
Slide 15: Ice Cream
6.0% (4.1)% 10.5% Ice Cream USG UVG UPG 13.2% USG 9.5% 7.1% 6.0% 2.9% UPG 10.5% (4.1)% UVG Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 • Out-of-home grew double-digit through price and volume, continuing to show low price elasticity • In-home grew low single-digit and volumes declined, impacted by private label 1
Slide 16: Regional growth by quarter
Regional growth by quarter Asia Pacific Africa North America €7bn TO €3bn TO USG 12.5% 10.7% 9.9% 8.9% 9.1% 9.0% 8.5% 8.3% 8.1% UPG 5.7% 9.5% 7.2% 0.3% 0.9% UVG Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Latin America Europe €2bn TO €3bn TO USG 17.6% 18.7% 16.8% 15.0% 9.8% 18.4% 9.2
Slide 17: Q1 2023: Turnover growth
Q1 2023: Turnover growth +7.0% USG 10.5% A&D (2.8)% 10.7% 0.7% (3.5)% (0.4)% (0.2)% €14.8bn €13.8bn * Currency includes both exchange rates changes impact of (2.1)% and extreme price growth in hyperinflationary markets impact of 1.8%. 17
Slide 18: 2023 outlook: growth remains the priority
2023 outlook: growth remains the priority Priorities Guidance • Underlying sales growth at least at the upper end of our multi- Continue growth momentum in year range of 3 – 5% new operating model • Improved volume performance compared to 2022 Invest for growth • Increased levels of investment in BM
Slide 19: a iat
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