Procter & Gamble Company (the) · NYSE:PG
Procter & Gamble Company (the) — Q3 FY2016 Earnings Presentation
25 slides from Procter & Gamble Company (the)'s earnings presentation, Apr 26, 2016
Slide 1: Procter & Gamble Earnings Release: Q3 FY 2016 Results
Procter & GambleEarnings Release:Q3 FY 2016 Results April 26, 2016
Slide 2: Business Results Q3 FY 2016
Business ResultsQ3 FY 2016
Slide 3: Jan-Mar 16 (Q3 FY 16) Results
Jan – Mar 16 (Q3 FY 16) ResultsCore EPS Growth* * Restated for Batteries & Beauty category exits Q3 core operating prof it margin increased 300 basis points
Slide 4: Jan-Mar (Q3 FY 16) Results: Core EPS Growth
Jan — Mar 16 (Q3 FY 16) Results Core EPS Growth* 10% 5% 0% -5% -10% 9% F 4% = Lj al uo a Q3 core operating profit margin increased 300 basis points J driven primarily by productivity savings in gross margin. Year- on-year, FX, Venezuela and tax were a combined Core EPS growth headwind of 20% this qu
Slide 5: Currency Neutral Core EPS Growth
Jan – Mar 16 (Q3 FY 16) ResultsCurrency Neutral Core EPS Gro
Slide 6: Currency Neutral Core EPS Growth Restated
* * Restated for Batteries & Beauty category exits Year-on-year, Venezuela and tax impacts were a combined headwind of 17% this quarter.
Slide 7: Beauty Segment
Jan — Mar 16 (Q3 FY 16) Results Beauty Segment 6% a Organic Sales Organic Volume Net Earnings Constant Currency Net Earnings * +2% Pricing, Flat Mix * Organic Sales: T Low single digits in Developed markets, T Low single digits in Developing markets * Global value share declined 0.9 points versus ye
Slide 8: Grooming Segment
Jan – Mar 16 (Q3 FY 16) ResultsGrooming Segment -1% -5% -22% +5% Pricing, -1% MixOrganic Sales: i Low
Slide 9: Health Care Segment
Jan – Mar 16 (Q3 FY 16) ResultsHealth Care Segment -1% -2% -8% +1% Pricing, Flat MixOrganic Sales: i Low single digits in Developed markets, h Low single digits in Developing marketsGlobal value share declined 0.8 points versus year agoNet Earnings: Productivity improvements and pricing were more th
Slide 10: Fabric & Home Care Segment
Jan – Mar 16 (Q3 FY 16) ResultsFabric & Home Care Segment 3% 2% 10% +1% Pricing, Flat MixOrganic Sales: h Mid-single digits in Developed markets, i Mid-single digits in Developing marketsGlobal value share was flat versus year agoNet Earnings: Productivity improvements, pricing and lower commodity c
Slide 11: Baby, Feminine & Family Care Segment
Jan – Mar 16 (Q3 FY 16) ResultsBaby, Feminine & Family Care Segment 0% -1% -9% Flat Pricing, Flat MixOrganic Sales: Flat in Developed markets, i Low single digits in Developing marketsGlobal value share declined 1.1 points versus year agoNet Earnings: Productivity improvements and lower commodity co
Slide 12: Category Highlights Q3 FY 2016
Category HighlightsQ3 FY 2016
Slide 13: Beauty Highlights
Jan – Mar 16 (Q3 FY 16) ResultsBeauty Highlights Hair Care organic sales were flat versus year ago. Developing markets were flat versus year ago, as double-digit organic sales growth in Latin America was offset by declining sales in Russia and China. Developed markets declined slightly as growth in
Slide 14: Grooming Highlights
Jan – Mar 16 (Q3 FY 16) ResultsGrooming Highlights Grooming organic sales declined slightly versus a difficult base period comparison. Developed market sales were down low single digits as growth from Fusion Proshield was more than offset by increased competitive activity in the mid and value price
Slide 15: Health Care Highlights
Jan – Mar 16 (Q3 FY 16) ResultsHealth Care Highlights Oral Care organic sales were flat versus year ago. Developed market sales were flat as strong growth on power toothbrushes was offset by customer inventory reductions in North America. Developing markets were flat as strong growth in China, Brazi
Slide 16: Fabric & Home Care Highlights
Jan – Mar 16 (Q3 FY 16) ResultsFabric & Home Care Highlights Fabric Care organic sales were up low single digits versus year ago. Developed markets increased high single digits driven by strong innovation in the U.S, where Fabric Care value share grew nearly one point in the March quarter. Developin
Slide 17: Baby, Feminine & Family Care Highlights
Jan – Mar 16 (Q3 FY 16) ResultsBaby, Feminine & Family Care Highlights Baby Care organic sales declined low single digits versus year ago as strong growth on Pampers in the U.S was more than offset by challenges on Luvs and softness in international markets. In the U.S., Pampers value share was up m
Slide 18: FY 2016 Guidance
FY 2016 Guidance
Slide 19: FY 2016 Guidance: Sales
FY 2016 Guidance*Sales FY’16 Organic Sales Growth In-line to Up Low Single Digits Currency -6% to -7% Venezuela & Minor brand divestitures -2% to -3% All-in Sales Growth Down High Single Digits * Guidance assumes that Batteries & transitioning Beauty businesses are accounted for as discontinued oper
Slide 20: FY 2016 Guidance: Earnings Per Share
FY 2016 Guidance*Earnings Per Share FY’16 Constant Currency Core EPS Growth Up Mid Single Digits Core EPS Growth -3% to -6% All-in EPS Growth +46% to +51% * Guidance assumes that Batteries & transitioning Beauty businesses are accounted for as discontinued operations Expect constant currency core EP
Slide 21: FY 2016 Guidance: Cash Generation & Usage
FY 2016 GuidanceCash Generation & Usage Adjusted Free Cash Flow Productivity: 100% or betterCapital Spending, % Sales: 5% to 6%Dividends: $7B+Share Repurchases*: $8B to $9B * Includes shares exchanged at the close of the Duracell transaction. Given fiscal year to date adjusted free cash flow product
Slide 22: Potential Headwinds Not Included in Guidance
FY 2016 GuidancePotential Headwinds Not Included in Guidance Further foreign currency weaknessChange in market growth rates Further unrest in the Middle East, Russia & the UkraineFurther deterioration in markets like Argentina and Brazil – with softened market conditions
Slide 23: Potential Tailwinds Not Included in Guidance
FY 2016 GuidancePotential Tailwinds Not Included in Guidance Strengthening of foreign currencies Expansion of marketsU.S. economic growth accelerates
Slide 24: Slide 24
Slide 25: Forward Looking Statements
Forward Looking Statements Certain statements in this release or presentation, other than purely historical information, including estimates, projections, statements relating to our business plans, objectives, and expected operating results, and the assumptions upon which those statements are based,