Hindustan Unilever Limited · NSE:HINDUNILVR
Hindustan Unilever — Investor Presentation (July 2016)
13 slides from Hindustan Unilever's investor presentation, Jul 18, 2016
Slide 1: Transition to Ind AS
TRANSITION TO IND AS RELEASED ON 18TH JULY
Slide 2: Disclaimer
DISCLAIMER This Release / Communication, except for the historical information, may contain statements, including the words or phrases such as ‘expects, anticipates, intends, will, would, undertakes, aims, estimates, contemplates, seeks to, objective, goal, projects, should’ and similar expressions
Slide 3: Contents
CONTENTS Key impacts on Balance Sheet as at 31st March,2016 Key impacts on FY 15-16 Statement of Profit and Loss Impact on Key Ratios for FY 15-16 Impact on JQ’16 results Impact on Key Ratios for JQ’16 SEBI Circular dated 5th July,2016 – Key Highlights Segmental Change 2
Slide 4: HUL Ind AS Restated Standalone B/S as at 31.03.2016 (Unaudited)
HUL IND AS RESTATED STANDALONE B/S AS AT 31.03.2016 (UNAUDITED) Rs. crores Reclass Indian Ind AS GAAP Adjustments IND AS Key adjustments 1 HURB (management pension and medical benefits) trust investment being netted against provision for employee benefits -Ind AS 19. 2 2 Fair value gains recognised
Slide 5: HUL Ind AS Restated Standalone P/L FY15-16 (Audited)
HUL IND AS RESTATED STANDALONE P/L FY15-16 (AUDITED) Rs. crores IND AS IGAAP IND AS adjustment Key adjustments 1 Reclassification of a portion of ‘Advertising & Sales Promotion’ expenses and netting from revenue - 1 including visibility spends, channel spends, sales incentives, other customer reimbu
Slide 6: Ind AS Impact on Key Ratios for FY 15-16
IND AS IMPACT ON KEY RATIOS FOR FY 15-16 IGAAP Ind AS (restated) Change FY 15-16 FY 15-16 Net Sales (Rs cr.) 31,425 30,499 - 926 PBIT (Rs cr.) 5,409 5,433 + 25 Net Profit (Rs cr.) 4,083 4,136 + 55 PBIT margin (%) 17.21 % 17.81 % + 60 bps Net Profit margin (%) 12.99 % 13.56 % + 57 bps * A&P % Sales 1
Slide 7: Ind AS Impact on JQ'16 Results
IND AS IMPACT ON JQ’16 RESULTS Revenue adjustments JQ’15 JQ’16 A&P adjustments JQ’15 JQ’16 Revenue under IGAAP 7,973.37 8,202.12 A&P expenses under IGAAP 1,153.39 1,094.13 Less : A&P expenses net off from (260.66) (214.38) Less : A&P expenses net off from (260.66) (214.38) revenue revenue Ind AS Rev
Slide 8: Ind AS Transition: Key Impacts JQ'15 JQ'16
IND AS TRANSITION : KEY IMPACTS JQ ’15 JQ ’16 IGAAP Ind AS Change Ind AS Net Sales (Rs cr.) 7973 7713 -261 7988 PBIT margin (%) 17.95% 18.63% + 68 bps 19.31% Net Profit margin (%) 13.28% 13.86% +58 bps 14.70% * A&P % Sales 14.47% 11.57% -289 bps 11.01% * A&P – Advertising and Promotion NOTE: The a
Slide 9: HUL Ind AS Transition: Points to Note
HUL IND AS TRANSITION : POINTS TO NOTE 1 Relaxations provided by SEBI (5th July ’16) not availed SEBI Relaxation Details Published by HUL Mandatory only for 1 Quarter Comparatives All quarters published corresponding quarter of PY 2 FY15-16 (YTD) Comparatives Mandatory only in MQ’17 Published Limite
Slide 10: Segmental Change
SEGMENTAL CHANGE Old Segments New Segments Soaps and Detergents • Fabric Wash • Fabric Wash Home Care • Household Care • Household Care • Personal Wash • Water • Oral • Personal Wash Personal Care Personal Products • Skin Care • Oral • Hair Care • Skin Care • Deodorant • Hair Care • Color Cosmetics
Slide 11: Old Segments as Reported Earlier
OLD SEGMENTS AS REPORTED EARLIER Revenue Growth (IGAAP) Categories JQ 15 SQ 15 DQ 15 MQ 16 FY 15-16 Soaps & Detergents 0.2% 1.6% 0.8% 2.1% 1.2% Personal Products 11.4% 9.5% 5.6% 2.8% 7.2% Beverages 9.4% 5.9% 7.0% 6.1% 7.1% Packaged Foods 11.8% 12.4% 11.8% 11.7% 11.9% Others 3.1% -10.4% -16.7% 2.9% -
Slide 12: Segmental Change Impact
SEGMENTAL CHANGE IMPACT Revenue Growth (IGAAP) Categories JQ 15 SQ 15 DQ 15 MQ 16 FY 15-16 Home Care 2.5% 3.4% 2.4% 4.3% 3.1% Personal Care 5.4% 4.7% 2.0% 1.5% 3.4% Foods 13.3% 13.1% 13.1% 10.0% 12.3% Refreshment 9.9% 7.0% 7.7% 9.2% 8.5% Others 2.3% -8.2% -6.8% -6.1% -5.1% Ind AS Segmental Margins C
Slide 13: Thank You
THANK YOU 12
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