Unilever PLC · LSE:ULVR
Unilever — Q1 2006 Earnings Presentation
5 slides from Unilever's earnings presentation, May 4, 2006
Slide 1: Q1 2006 Results
Q1 2006 Results 4th May 2006 Rudy Markham Chief Financial Officer John Rothenberg SVP Investor Relations This presentation may contain forward-looking statements, including ‘forward-looking statements’ within the meaning of the United States Private Securities Litigation Reform Act of 1995. These fo
Slide 2: Q1 Sales Performance and 2006 Business Priorities
Q1 Sales Performance 2.9% USG in Q1 5 4 USG (%) 3 2 1 0 2003 2004 2005 Q1 2006 Q1 price growth of 0.5% includes • Continuing year-on-year impact of price reductions • Price increases to recover input costs 3 2006 Business Priorities • Personal Care – 6% growth in the quarter – Strong programme, part
Slide 3: Progress in Europe
Progress in Europe • USG (0.5)% in the quarter • Good news in the quarter in a number of areas – UK sales stabilised – HPC sales stabilised – Good growth in Savoury and Heart Health • Q1 impacted by – Slow start to European Ice Cream – Weak quarter in France 5 Innovation - HPC MILLIONS MORE GERMS WI
Slide 4: Innovation - Foods Q1 Operating Margin
Innovation - Foods 7 Q1 Operating Margin Q1 Q1 Change 2005 2006 (bps) Operating Margin 15.0% 14.8% (20) Includes restructuring and disposals 0.5% 0.6% 10 Change before these items (30) Key drivers (30) A&P (180) Cost/price 180 Savings programmes 8 4
Slide 5: Q1 Key Financials and Summary
Q1 Key Financials • Total EPS +7% • Continuing operations EPS +9% (with 5% from exchange rates) • Lower financing costs – lower debt – reduced pension financing costs • 24% tax rate slightly higher than Q1 2005 • Net debt €10.3bn • Net cash flow from operating activities €0.3bn 9 Summary Q1 results