Unilever Plc · LSE:ULVR
Unilever — Q1 2003 Earnings Presentation
10 slides from Unilever's earnings presentation, May 2, 2003
Slide 1: 2003 First Quarter Results
2003 First Quarter Results Howard Green 2 May 2003 SAFE HARBOUR STATEMENT: This presentation may contain forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act 1995) based on our best current information and what we believe to be reasonable assumptions ab
Slide 2: Sales Performance - Q1 2003 / Progress of Leading Brands
Sales Performance - Q1 2003 Sales Sales Contribution Growth Growth €bn €bn to Total % % 2002 2003 Sales Growth Leading Brands HPC 4.4 4.7 6.8% Foods 5.3 5.3 Total 9.7 10.0 3.0% 2.7% Non-Leading 1.8 1.0 -43% -6.9% of which underlying growth -10% -1.0% disposals -5.9% Acquisitions 0.1 0.5% Total 11.5
Slide 3: Scaling our Growth Ladder / Personal Care
Scaling our Growth Ladder Sustain overall growth in Personal Care, Health & Wellness, Spreads, Savoury & Dressings, Ice Cream - D&E, North America Move to historical growth rates - Home Care, Tea Bring innovation to European Ice Cream and Frozen Foods Reduce business outside leading brands to 5% of
Slide 4: Laundry; Spreads & Cooking Products
Foundations for sustained, profitable growth: Laundry ◆ 2002 growth 1.8% ◆ Q1 growth 2.3% ◆ Moving Annual Total growth 2.6% ◆ Gross margins improving - Europe, N America, AsiaPacific ◆ Pricing actions in AMET and LATAM ◆ Strategy starting to work - good pick up in D&E growth - improving innovation p
Slide 5: Savoury & Dressings; Tea Based Beverages
Foundations for sustained, profitable growth: Savoury & Dressings ◆ 2002 growth 4%+ with leading brands 5%+ ◆ MAT to Q1 - growth 4%+ with leading brands 5%+ ◆ Active innovation programme in place and proceeding to plan ◆ Improved market position in Asia, Pacific through Ajinomoto transaction ◆ Categ
Slide 6: Ice Cream; Frozen Foods
Foundations for sustained, profitable growth: Ice Cream Global leader - growing organically - profitably ◆ Q1 needs to be seen in context of Easter and tough comparators - particularly in North America and Europe ◆ Sales decline of 2.5% v growth of 8% in prior year ◆ D&E businesses continue to make
Slide 7: Health & Wellness; Q1 2003 Status Report
Foundations for sustained, profitable growth: Health & Wellness ◆ A disappointing quarter for Slim.Fast ◆ Reduced Unilever’s growth rate by 40bps ◆ Factors behind this: -Comparators -Promotional planning and timing -Competition - particularly low carb diets -Light innovation programme ◆ Addressed th
Slide 8: Improvement in Operating Margin; Key Financial Indicators
Improvement in Operating Margin Q1 2003 Supply chain savings 40 Mix improvement 60 Selling price/cost changes HPC Foods Price 50 60 Costs (50) (100) (40) Improvement in gross margin 60 A&P (180) Lower associated costs 10 Overhead savings 140 Improvement in operating margin 30 basis points 14 Key Fin
Slide 9: Constant to Current Exchange Rates; Regional Performance
Impact of currency : Constant to Current Exchange Rates % Year on Year Constant Current Quarter Euro £ US$ Sales (4) (17) (9) 2 Operating Profit (beia) (2) (14) (7) 5 EPS (beia) 4 (7) 1 14 Net Profit (beia) 2 (8) - 13 16 Regional Performance North Asia Europe AMET LATAM America Pacific Turnover Grow
Slide 10: 2003 First Quarter Results
2003 First Quarter Results Howard Green 2 May 2003 SAFE HARBOUR STATEMENT: This presentation may contain forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act 1995) based on our best current information and what we believe to be reasonable assumptions ab