Unilever Plc · LSE:ULVR
Unilever — Q1 2019 Earnings Presentation
23 slides from Unilever's earnings presentation, Apr 18, 2019
Slide 1: Unilever Q1 2019 Trading Statement
Unilever Q1 2019 Trading Statement 18th April 2019
Slide 2: 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 3: Graeme Pitkethly CFO
NEW MAGNUM VEGAN 100% PLEASURE Rexona clinical
Slide 4: Q1 2019: A solid start
Q1 2019: A solid start Total Emerging Markets Developed Markets Underlying Sales Growth Underlying Sales Growth Underlying Sales Growth +3.1% +5.0% +0.3% +1.2% +1.7% +0.4% Underlying Volume Growth Underlying Volume Growth Underlying Volume Growth
Slide 5: Balanced, broad-based growth
Balanced, broad-based growth Balanced Broad-based Beauty & Personal Care USG 3.4% 1.6% 3.8% 2.9% 3.1% UPG +3.1% Home Care 1.9% +6.0% UVG 1.2% Foods & Refreshment Q1'18 Q2'18 Q3'18 Q4'18 Q1'19 +1.5% Underlying Sales Growth exc. Venezuelan price from Q417 onwards, and Argentinian price from Q318 onwar
Slide 6: Emerging markets driving growth
Emerging markets driving growth Emerging markets Key countries performing well USG 5.1% 3.1% 5.6% 4.5% 5.0% UPG India Brazil UVG China Indonesia Q1'18 Q2'18 Q3'18 Q4'18 Q1'19 Underlying Sales Growth exc. Venezuelan price from Q417 onwards, and Argentinian price from Q318 onwards
Slide 7: Uncertain market conditions
Uncertain market conditions Weakened GDP outlook Mixed markets Geopolitical uncertainty 3% 2% 2017 2018 2019 2020 USA, Brazil, Europe, Asia Source: Oxford Economics
Slide 8: Beauty & Personal Care
Beauty & Personal Care Growth Segments Growth Channels Growth Geographies Purposeful Brands Clinical protection Premium health & beauty South East Asia Pond’s Lux Defying clay mask Judgements USG 3.1%, UVG 1.9% Underlying Sales Growth exc. Venezuelan price from Q417 onwards, and Argentinian price fr
Slide 9: Home Care
Home Care Growth Segments Growth Channels Growth Geographies Purposeful Brands Naturals trend Seventh Generation OMO dishwash in China Recycled plastic bottles E-commerce USG 6.0%, UVG 1.1% Underlying Sales Growth exc. Venezuelan price from Q417 onwards, and Argentinian price from Q318 onwards
Slide 10: Foods & Refreshment
Foods & Refreshment Growth Segments Growth Channels Growth Geographies Purposeful Brands Vegan trend Ice Cream Now Cornetto Asia Knorr and WWF USG 1.5%, UVG 0.5% Underlying Sales Growth exc. Venezuelan price from Q417 onwards, and Argentinian price from Q318 onwards
Slide 11: Acquisitions & disposals drive portfolio transformation
Acquisitions & disposals drive portfolio transformation €2.6bn turnover acquired €4bn turnover disposed Highlights • 29 acquisitions since 2015 • Prestige business €0.5bn • Acquisitions growing double digit Turnover at the time of acquisition since 1 January 2015. Horlicks not included, expected com
Slide 12: Richard Williams, Head of Investor Relations
Richard Williams Head of Investor Relations
Slide 13: Asia / AMET / RUB
Asia / AMET / RUB Turnover USG 5.9% 6.3% 6.6% 6.0% 6.0% €5.9bn UPG UVG USG 6.0% UVG 3.3% Q1'18 Q2'18 Q3'18 Q4'18 Q1'19
Slide 14: Latin America
Latin America Turnover USG 2.2% (6.9)% 1.5% (0.4)% 0.4% €1.7bn UPG UVG USG 0.4% UVG (4.0)% Q1’18 Q2’18 Q3’18 Q4’18 Q1’19 Underlying Sales Growth exc. Venezuelan price from Q417 onwards, and Argentinian price from Q318 onwards
Slide 15: Argentina hyperinflation
Argentina hyperinflation Price impact 15bps 35bps 70bps 140bps 80bps Total UL USG Argentina 8.9% 10.0% (10.3)% (21.6)% (11.0)% 78.1% 64.0% 34.2% UPG 1.0% 17.4% UVG 7.8% (6.3)% (10.3)% (11.0)% (21.6)% Q1’18 Q2’18 Q3’18 Q4’18 Q1’19
Slide 16: North America
North America Turnover USG 2.9% (1.2)% 1.9% 0.4% 0.4% €2.2bn UPG UVG USG 0.4% UVG 0.2% Q1’18 Q2’18 Q3’18 Q4’18 Q1’19
Slide 17: Europe
Europe Turnover USG 0.0% 0.4% 1.4% 0.8% 0.7% €2.6bn UPG UVG USG 0.7% UVG 0.8% Q1’18 Q2’18 Q3’18 Q4’18 Q1’19
Slide 18: Q1 2019: Turnover
Q1 2019: Turnover USG 3.1% 1.2% 1.9% (5.8)% 0.7% 0.5% €12.6bn €12.4bn
Slide 19: Graeme Pitkethly CFO
NEW MAGNUM VEGAN 100% PLEASURE Rexona clinical
Slide 20: Unilever Sustainable Living Plan
Unilever Sustainable Living Plan Since 2010 Reaching 653m people through brands Improving toilet access Healing at the brand’s core Handwashing programme Self esteem Social and education scheme Oral health education
Slide 21: 2019 priorities
2019 priorities ❑ Faster 4G growth: Consistent, Competitive, Profitable and Responsible ❑ Sustainable business and brands with purpose ❑ Future-fit: Speed and digital capability ❑ 2020 margin target
Slide 22: 2019 outlook
2019 outlook ❑ Underlying Sales Growth in lower half of multi-year 3-5% range • Mixed market conditions • Benefit from acquisitions and execution ❑ Underlying Operating Margin: continued progress to 20% • Continued benefit from efficiency programmes • Competitive Brand & Marketing Investment ❑ Stron
Slide 23: Unilever Q1 2019 Trading Statement
Unilever Q1 2019 Trading Statement 18th April 2019