Unilever Plc · LSE:ULVR
Unilever — Q1 2013 Earnings Presentation
23 slides from Unilever's earnings presentation, Apr 25, 2013
Slide 1: Unilever Trading Statement Q1 2013
Unilever Trading Statement Q1 2013 Jean-Marc Huët James Allison April 25th 2013
Slide 2: Jean-Marc Huët, CFO
Jean-Marc Huét CFO ‘BRING OUT THE BEST;
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 difficult US confidence weak Emerging economies mixed US consumer confidence index Brazil India China South Africa Russia Jul ‘12 Apr ‘13
Slide 5: Our strategy is working
Our strategy is working Strong in-market execution Innovation delivery Improved product quality >5M perfect stores Average value per project up 75% 95% win or parity in blind tests Developed Emerging
Slide 6: The Unilever Sustainable Living Plan: good progress
The Unilever Sustainable Living Plan: good progress Driving growth Reducing waste & cost Managing risk Comfort Compressed €300m costs avoided 36% of raw materials from one rinse deos in UK in 4 yrs sustainable sources
Slide 7: Q1 2013 – Underlying momentum continues
Q1 2013 – Underlying momentum continues USG +4.9% +2.6% (3.5)% +2.2% (1.0)% €12.1bn €12.2bn +0.2% Turnover Q1 '12 Vol/mix Price Currency Acq/Disp Turnover Q1'13
Slide 8: Emerging markets: 8 quarters of double-digit growth
Emerging markets: 8 quarters of double-digit growth Emerging market USG % % Unilever Turnover 13.1 12.3 11.9 12.1 10.6 11.0 10.8 9.9 10.4 5.1 Price Emerging Developed >57% <43% 5.0 Volume Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2011 2012 2013
Slide 9: Q1 2013 – Personal Care: strong momentum continues
Q1 2013 – Personal Care: strong momentum continues Underlying sales growth (%) 11.3 11.5 Growth ahead of the market 10.0 10.4 10.4 8.0 8.3 Broad based growth 5.8 5.3 Successful white space expansion Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2011 2012 2013
Slide 10: Strong Personal Care innovations
Strong Personal Care innovations AXE Apollo Lifebuoy clini-care 10 Ponds BB+ cream 60 countries in 3 months Indonesia, Kenya & Ghana Thailand & Indonesia
Slide 11: Q1 2013 – Foods: mixed
Q1 2013 – Foods: mixed High prior year comparator Underlying sales growth (%) 5.9 Dressings performing well Baking bags & jelly bouillon drive savoury growth -0.5 Spreads declined mid single digits 2012 Q1 2013 Q1
Slide 12: Foods innovations working
Foods innovations working Dressings New Squeeze pack Knorr baking bags Flora/Becel spreads On shelf in West Europe Market development in LATAM Winning on taste
Slide 13: Q1 2013 – Home Care: consistent broad-based growth
Q1 2013 – Home Care: consistent broad-based growth Growth (%) 8 quarters of consistent strong growth 9.4 Better performing products Sustained innovation delivery 5.2 3.9 Up-trading e.g. liquids, fabric conditioners USG Volume Price Household care white space expansion
Slide 14: Home Care innovations
Home Care innovations Dirt is Good white space Comfort super-sensorials Building household care Now in the Philippines Now in South East Asia Now in Brazil
Slide 15: Q1 2013 – Refreshment: tea picking up
Q1 2013 – Refreshment: tea picking up Growth (%) Ice cream slightly up: Emerging markets performing well 3.9 Europe down >10% because of late start to season 2.2 2013 innovation programmes strong -1.6 Further improvement in tea USG Price Volume Better quality Better communication Bet
Slide 16: Refreshment innovations
Refreshment innovations Lipton Yellow Label Lipton long leaf green tea Magnum 5 kisses with tea essence Into Middle East & Pakistan in Q1 Now in China Fast rollout in Europe
Slide 17: James Allison, Head of Investor Relations
James Allison Head of Investor Relations
Slide 18: Q1 2013 – Asia/AMET/RUB: consistent volume-led growth
Q1 2013 – Asia/ AMET/ RUB: consistent volume-led growth Growth (%) Positive momentum continues 9.2 Most countries growing double digits 5.4 Investment in go-to-market 3.7 Deepening distribution in India & Indonesia >3million perfect stores USG Volume Price
Slide 19: Q1 2013 – Americas: Latin America drives growth
Q1 2013 – Americas: Latin America drives growth Growth (%) North America up 0.3% 6.1 Strong comparator Weak markets 4.0 Continuing strong performance in Personal Care 2.0 Latin America up 12.3% USG Volume Price Broad-based growth in Brazil & Argentina Innovation and in-market execution
Slide 20: Q1 2013 – Europe: sales down in tough conditions
Q1 2013 – Europe: sales down in tough conditions Underlying sales growth (%) Very weak markets in Southern Europe 5.1 North Europe held up better Volume growth in the UK & France Growth in Personal Care & Home Care -3.1 Q1 ‘12 Q1 ‘13 H1 will give a more realistic view
Slide 21: Jean-Marc Huët, CFO
Jean-Marc Huét CFO ‘BRING OUT THE BEST;
Slide 22: Our priorities for 2013 remain unchanged
Our priorities for 2013 remain unchanged 1 Volume growth ahead of our markets 2 Steady and sustainable improvement in core operating margin 3 Strong cash flow +10.7% increase in dividend 22
Slide 23: Unilever Trading Statement Q1 2013
Unilever Trading Statement Q1 2013 Jean-Marc Huët James Allison April 25th 2013