Slide 1: Financial Analyst Meeting
Financial Analyst Meeting March 4th, 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 uncert
Slide 3: Agenda
Agenda Full Year Results 2013 Blue Agenda Outlook 2014 Financials Beiersdorf – Financial Analyst Meeting March 4, 2014 | 3
Slide 4: Achievements in 2013 at a Glance
Achievements in 2013 at a Glance Sales and earnings increase in 2013. Strong market share gains in our relevant categories. Regional presence expanded. Market position in Europe strengthened. Beiersdorf – Financial Analyst Meeting March 4, 2014 | 4
Slide 5: Key Figures – Group
Key Figures – Group Jan. – Dec. 2012 Jan. – Dec. 2013 Change nominal like-for-like mill. € mill. € in % in % Sales 6,040 6,141 +1.7 +7.2 EBIT * 735 814 Profit after Tax * 480** 537 EBIT Margin * 12.2% 13.2% Profit after Tax Margin * 8.0%** 8.7% * Excluding special factors ** The prior-year figures h
Slide 6: Our Global Consumer Brands
Our Global Consumer Brands Sales 2013 (l-f-l growth) 5,103 mill. € (+7.0%) EBIT 2013 (EBIT Margin)* 638 mill.€ (12.5%) * Excluding special factors Beiersdorf – Financial Analyst Meeting March 4, 2014 | 6
Slide 7: Consumer Sales per Region
Consumer Sales per Region Jan. – Dec. 2012 * Jan. – Dec. 2013 Change Allocation like-for-like mill. € mill. € in % in % Western Europe 2,196 2,196 1.2 43.0 Eastern Europe 611 591 -0.4 11.6 North America 331 334 4.6 6.5 Latin America 681 616 11.4 12.1 A/A/A 1,229 1,366 19.0 26.8 Total Consumer 5,048
Slide 8: tesa Results
tesa Results Jan. – Dec. 2012 Jan. – Dec. 2013 Change nominal like-for-like mill. € mill. € in % in % Sales 992 1,038 4.7 8.5 EBIT* 129 176 EBIT Margin* 13.0% 16.9% * Excluding special factors Beiersdorf – Financial Analyst Meeting March 4, 2014 | 8
Slide 9: Agenda
Agenda Full Year Results 2013 Blue Agenda Outlook 2014 Financials Beiersdorf – Financial Analyst Meeting March 4, 2014 | 9
Slide 10: The Blue Agenda
The Blue Agenda 1 Brand 2 Innovation 3 Markets 4 People Beiersdorf – Financial Analyst Meeting March 4, 2014 | 10
Slide 11: Key Innovations
Key Innovations In Shower Cellular Anti Age Stress Protect Beiersdorf – Financial Analyst Meeting March 4, 2014 | 11
Slide 12: Regions
Regions Share of Total Consumer Sales* 46% 54% 52% 48% 2011 2013 E. Europe, Latin America, A/A/A * Based on Consumer like-for-like sales. W. Europe, North America Beiersdorf – Financial Analyst Meeting March 4, 2014 | 12
Slide 13: Agenda
Agenda Full Year Results 2013 Blue Agenda Outlook 2014 Financials Beiersdorf – Financial Analyst Meeting March 4, 2014 | 13
Slide 14: Outlook 2014
Outlook 2014 Sales development on a like-for-like basis Profit development on an operative basis Consumer Sales growth 4-6% Slight increase of EBIT margin Total Group Sales growth 4-6% Slight increase of EBIT margin tesa Slight increase of PAT margin Sales growth slightly above market
Slide 15: Agenda
Agenda Full Year Results 2013 Blue Agenda Outlook 2014 Financials Beiersdorf – Financial Analyst Meeting March 4, 2014 | 15
Slide 16: Analyst Quote
Analyst Quote “All is on track with this turnaround. Much potential lies ahead.” Beiersdorf – Financial Analyst Meeting March 4, 2014 | 16
Slide 17: Key Figures – Group
Key Figures – Group Jan. – Dec. 2012 Jan. – Dec. 2013 Change nominal like-for-like mill. € mill. € in % in % Sales 6,040 6,141 +1.7 +7.2 EBIT 698 820 Profit after Tax 454** 543 Earnings per Share in € 1.96** 2.35 EBIT * 735 814 Profit after Tax * 480** 537 EBIT Margin * 12.2% 13.2% Profit after Tax
Slide 18: Regional Group Results
Regional Group Results Sales EBIT* 2012** 2013 Change 2012** 2013 Margin Nominal/like-for-like mill. € mill. € in % in % mill. € mill. € in % Europe 3,417 3,390 -0.8 1.1 562 542 16.0 Americas 1,149 1,092 -4.9 9.0 78 82 7.5 Africa/Asia/Australia 1,474 1,659 12.5 19.8 95 190 11.5 * Excluding special f
Slide 19: Group Gross Margin Development
Group Gross Margin Development Gross Margin as % of group sales 63.3% 63.3% 63.1% 2011 2012 2013 Beiersdorf – Financial Analyst Meeting March 4, 2014 | 19
Slide 20: Change in Consumer Sales and EBIT Split
Change in Consumer Sales and EBIT Split Eastern Europe + Latin America + A/A/A 52% 49% 44% 46% Sales contribution 31% from Eastern Europe, 25% Latin America and 21% 21% Asia/Africa/Australia has steadily increased. Strong sales growth 2010 2011 2012 2013 not at the expense of margin dilution. Sh
Slide 21: tesa Business 2013
tesa Business 2013 Electronics Significant improvement in sales and operating EBIT margin. tesa drives sales with system solutions for the industry business. Innovation and extension of structures in growth regions are Construction our key success factors. Strong growth particularly in Asia.
Slide 22: Capital Expenditures
Capital Expenditures Capital Expenditures in mill. € (2010 – 2013) 227 151 (New production facility in Mexico) 96 86 2010 2011 2012 2013 (New tesa headquarters in Germany) Beiersdorf – Financial Analyst Meeting March 4, 2014 | 22
Slide 23: Outlook 2014
Outlook 2014 Sales development on a like-for-like basis Profit development on an operative basis Consumer Sales growth 4-6% Slight increase of EBIT margin Total Group Sales growth 4-6% Slight increase of EBIT margin tesa Slight increase of PAT margin Sales growth slightly above market
Slide 24: Questions and Answers
Financial Analyst Meeting Questions and Answers Beiersdorf – Financial Analyst Meeting March 4, 2014 | 24
Slide 25: Appendix
Financial Analyst Meeting Appendix Beiersdorf – Financial Analyst Meeting March 4, 2014 | 25
Slide 26: Balance Sheet
Balance Sheet Dec. 31, Dec. 31, Dec. 31, Dec. 31, Assets 2012 2013 Liabilities 2012 2013 mill. € mill. € mill. € mill. € Intangible assets 185 176 Equity attributable to equity holders of 3,131 3,393 Beiersdorf AG* Property, plant and equipment 685 785 Non-controlling interests 12 12 Non-current fin
Slide 27: 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 Beiersdorf – Financial Analyst Meeting March 4, 2014 | 27