Unilever Plc · LSE:ULVR
Unilever — Q1 2014 Earnings Presentation
18 slides from Unilever's earnings presentation, Apr 24, 2014
Slide 1: Unilever Trading Statement Q1 2014
Unilever Trading Statement Q1 2014 Jean-Marc Huët / James Allison April 24th 2014
Slide 2: Jean-Marc Huët
Jean-Marc Huét WHITE MAGNUM
Slide 3: Safe Harbour Statement
SAFE HARBOUR STATEMENT This announcement 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’, ‘vi
Slide 4: Market environment remains challenging
Market environment remains challenging Europe: North America: Emerging markets: conditions remain tough muted recovery currencies remain volatile vs. € rebased to 100 Indonesia Brazil Russia Argentina Jan ‘14 Mar ‘14
Slide 5: Sustained investment fuelling growth ahead of markets
Sustained investment fuelling growth ahead of markets Brand & marketing Go-to-market Unilever Sustainable investment capabilities Living Plan Q1 ‘13 Q1 ‘14 Increased support for bigger projects Adding 300,000 outlets globally Sustainably sourced: nearly 50%
Slide 6: Q1 2014: Currency offsetting solid underlying growth
Q1 2014: Currency offsetting solid underlying growth USG +3.6% +1.6% +1.9% -0.6% -8.9% -6.3% €12.2bn €11.4bn Turnover Vol/mix Price M&A Currency Turnover Q1 2013 Q1 2014
Slide 7: Personal Care: Innovation-led growth
Personal Care: Innovation-led growth Dove Nutrium Moisture Compressed deodorants TRESemmé 7 Day Keratin Smooth From shower gels to deodorants UK/IR: now in male & female variants In the UK and US
Slide 8: Foods: Mixed performance
Foods: Mixed performance Knorr cooking products Improving spreads Dressings flat despite continued growth tough comparator Gaining share in Now margarine Stabilising the ………………… Next Jelly format expanding into seasonings market 100 yr anniversary events in H1 ‘13
Slide 9: Home Care: Strong broad-based growth
Home Care: Strong broad-based growth Improved product New concentrated liquid Comfort Aromatherapy performance detergent Blind test win % 60% Now in 7 countries In South Africa and Turkey
Slide 10: Refreshment: Strong start to the year
Refreshment: Strong start to the year Ice cream growth driven by Innovation driving growth Rebuilding AdeS soy Europe and Brazil in tea drinks
Slide 11: James Allison
James Allison WHITE MAGNUM
Slide 12: Asia / AMET / RUB: Robust growth in slower markets
Asia / AMET / RUB: Robust growth in slower markets Investing in go-to-market capabilities Q1 growth (%) 5.8 3.7 China: 2.1 Reaching more cities & modern trade outlets USG Volume Price Indonesia: Adding 50 more distribution centres India: Adding 17,000 Shakti entrepreneurs
Slide 13: Americas: Good overall growth
Americas: Good overall growth Latin America: continued strong growth Q1 growth (%) Pricing for currency driven cost increases 3.7 Sustained investment behind innovation 3.2 0.5 North America: holding shares in flat markets USG Volume Price Personal Care growing sales and share Hellmann’s
Slide 14: Europe: Stable performance
Europe: Stable performance Q1 growth (%) Market shares steadily improving 1.1 0.1 Growth driven by Personal Care and Home Care Good weather helped ice cream but held back soup -1.0 USG Volume Price Gaining share in margarine but markets still down
Slide 15: Jean-Marc Huët
Jean-Marc Huét WHITE MAGNUM
Slide 16: Conclusion
Conclusion Strategy delivering consistent and competitive growth 6% increase in dividend Simplification programmes well on track: agility, speed, fuel for growth €500m full year savings in 2015 Core operating margin likely to be down a bit in H1 and up in H2 Timing of restructuring, savi
Slide 17: 2014 outlook
2014 outlook Priorities remain unchanged: Volume growth ahead of our markets Steady and sustainable improvement in core operating margin Strong cash flow
Slide 18: Unilever Trading Statement Q1 2014
Unilever Trading Statement Q1 2014 Jean-Marc Huët / James Allison April 24th 2014