Beiersdorf Ag · XETR:BEI
Beiersdorf — 9M 2014 Earnings Presentation
15 slides from Beiersdorf's earnings presentation, Nov 6, 2014
Slide 1: Results 9M 2014
RESULTS 9M 2014 November 6th, 2014
Slide 2: Disclaimer
DISCLAIMER Some of the statements made in this presentation contain forward-looking information that involve a number of risks and uncertainties. Such statements are based on a number of assumptions, estimates, projections or plans that are inherently subject to significant risks, as well as uncerta
Slide 3: Key Figures – Group
KEY FIGURES – GROUP Jan. – Sep. 2013 Jan. – Sep. 2014 Change nominal like-for-like mill. € mill. € in % in % Sales 4,674 4,716 0.9 4.3 EBIT 650 608 Profit after Tax 433 423 Earnings per Share in € 1.88 1.84 EBIT* 650 671 Profit after Tax* 433 465 EBIT Margin* 13.9% 14.2% Profit after Tax Margin* 9.3
Slide 4: Key Figures – tesa
KEY FIGURES – tesa Jan. – Sep. 2013 Jan. – Sep. 2014 Change nominal like-for-like mill. € mill. € in % in % Sales 791 811 2.5 4.3 EBIT* 140 142 EBIT Margin* 17.7% 17.5% * Excluding special factors. Results 9M 2014 11/6/2014 | Page 4
Slide 5: Consumer Sales Growth
CONSUMER SALES GROWTH (Sales growth in % on a like-for-like basis) 2013 2014 6.9% 7.0% 6.5% 6.3% 5.7% 5.0% 4.2% Q1 H1 9M FY Q1 H1 9M Results 9M 2014 11/6/2014 | Page 5
Slide 6: Consumer EBIT
CONSUMER EBIT 638 (in mill. € / % of sales) 529 510 351 367 178 193 13.5% 14.6%* 13.3% 13.9%* 13.1% 13.5%* 12.5% Q1 13 Q1 14 H1 13 H1 14 9M 13 9M 14 FY 13 EBIT numbers excluding special factors * Including a non-recurring income of €10 million from the sale of real estate Results 9M 2014 11/6/2014 |
Slide 7: Consumer Sales per Region
CONSUMER SALES PER REGION Jan. – Sep. 2013 Jan. – Sep. 2014 Change Allocation nominal like-for-like mill. € mill. € in % in % in % Western Europe 1,708 1,733 1.5 1.0 44.4 Eastern Europe 431 418 -2.9 5.1 10.7 North America 247 248 0.3 3.6 6.3 Latin America 449 445 -1.0 6.5 11.4 A/A/A 1,048 1,061 1.3
Slide 8: China – Recent Developments
CHINA – RECENT DEVELOPMENTS Build-up of trade inventory in the first quarter in preparation for a merged Beiersdorf distribution platform. Slowing Chinese hair care market (flat growth) since the first half of 2014, leading to returns from customers and earnings revisions. Book value adjustmen
Slide 9: Blue Agenda
BLUE AGENDA 1 Brand 2 Innovation 3 Markets 4 People Results 9M 2014 11/6/2014 | Page 9
Slide 10: Brands
BRANDS No. 1 & No. 2 Gains Losses Positions Strong gains of #1 and #2 positions #1 +7 - across our top 25 countries. #1 gains across all categories and #2 +7 -1 in different markets. Total +14 -1 Top 25 Beiersdorf Consumer countries / Top 7 categories (MAT 08/2014) Source: ACNielsen Results 9M 2
Slide 11: Innovation
INNOVATION BLACK & WHITE IN-SHOWER CELLULAR Net Sales +13% +86% +49% 9M 2013 9M 2014 9M 2013 9M 2014 9M 2013* 9M 2014 * Intra-year launch data in 2013 Results 9M 2014 11/6/2014 | Page 11
Slide 12: Innovation
INNOVATION NIVEA Q10 plus Serum Pearls Breakthrough in anti-aging research Revolutionary pearl technology and a highly effective serum More than 15 years expertise in Q10 anti-aging Results 9M 2014 11/6/2014 | Page 12
Slide 13: Guidance 2014
GUIDANCE 2014 Sales development on a like-for-like basis Profit development on an operative basis Consumer Sales growth 4-6% EBIT margin approximately 13% Total Group Sales growth 4-6% tesa EBIT margin above 13% Sales growth around 4% PAT margin approximately 9% EBIT margin approximate
Slide 14: Questions and Answers
CONFERENCE CALL RESULTS 9M 2014 Questions and Answers Results 9M 2014 11/6/2014 | Page 14
Slide 15: How to Contact Investor Relations
HOW TO CONTACT INVESTOR RELATIONS Beiersdorf Website www.Beiersdorf.com IR-Hotline Tel: +49 (0) 40 4909 5000 Fax: +49 (0) 40 4909 18 5000 Email: Investor.Relations@Beiersdorf.com Results 9M 2014 11/6/2014 | Page 15