presentation half-year report 2019 - beiersdorf.com/media/beiersdorf/investors/events-and... ·...
TRANSCRIPT
![Page 1: Presentation Half-Year Report 2019 - beiersdorf.com/media/Beiersdorf/investors/events-and... · nivea derma healthcare la prairie q2 2019 h1 2019 +3.2% +6.0% +3.7% +26.8%. sales h1](https://reader030.vdocument.in/reader030/viewer/2022041221/5e0acf25a431103aa664642a/html5/thumbnails/1.jpg)
HALF-YEAR REPORT 2019
August 6th, 2019
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AGENDA
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FINANCIAL RESULTS H1 2019
Q&A
GUIDANCE
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GROWTH DRIVERS
outperform the market
create consumer value
ensure sustainable profitabilityCOMPETITIVE SUSTAINABLE GROWTHOUR COMMITMENT
ACCELERATE IN WHITE SPOTSCONSUMER CENTRICITY THROUGH DIGITALIZATION
WIN WITH SKIN CARE
INCREASE PRODUCTIVITY
CULTURE & SOCIETY
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EFFECTIVE INGREDIENT THIAMIDOL A SUCCESS
EUCERIN GAINING SUBSTANTIAL MARKET SHARE,NOW #1 IN EVEN SKIN
MOST SUCCESSFUL EUCERIN LAUNCH
HIGHLY RECOMMENDED BY DERMATOLOGISTS
WIN WITH SKIN CARE – EUCERIN ANTI-PIGMENT
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WIN WITH SKIN CARE – STRONG PIPELINE
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Anti-PigmentCellular Elasticity
FillerSupreme Balm
Cleanser
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ACCELERATE IN WHITE SPOTS – US SUN CARE
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1944
WIN WITH SKIN CARE ACCELERATE IN WHITE SPOTS
ICONIC SUN CARE BRANDTHE LEADING SUN CARE COMPANY
GAME CHANGER IN THE US
Sun Protection
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THAILAND, BANGKOK
INDIA, GUJARAT
SPAIN, TRES CANTOS
BRAZIL, ITATIBA
ACCELERATE IN WHITE SPOTS – PRODUCTION
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Inauguration: August 2019Deo, Body, Shower, Sun, Face>+100% Production Capacity
Groundbreaking: June 2019Inauguration: by 2022Body, Sun+74% Production Capacity
Inauguration: July 2019Deo, Face, Men, Sun, Body+50% Production Capacity
Inauguration: June 2019Body, Men, Face, Shower+100% Production Capacity
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CONSUMER CENTRICITY THROUGH DIGITALIZATION
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CULTURE & SOCIETY – SUSTAINABILITY
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RESPONSIBLE SOURCING RENEWABLE ENERGY SUSTAINABLE PACKAGING
74% CERTIFIED PALM
CDP “A” SCORE AWARDED
TARGET: 100% CERTIFIED PALM BY 2020
81% RENEWABLE ELECTRICITY
HIGHEST % EMISSION REDUCTION
AMONG DAX 30
TARGET: 100% RENEWABLE ELECTRICITY
BY 2020
25% RECYCLED PET IN FACE
CLEANSING OIL BOTTLE
ZERO-WASTE PILOT LOOP
TARGET: 25% RECYCLED CONTENT IN
PLASTIC PACKAGING IN EUROPE BY 2025
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INCREASE PRODUCTIVITY – VALUE ENGINEERING
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VA
LU
E E
NG
INE
ER
ING
VALUE-UP
COST-DOWN
MINDSET
SMART BUYING
SMART PRODUCT
LIFE-CYCLE
PACKAGING COST-DOWN EXAMPLE:LIGHT-WEIGHTING & ENVIRONMENTAL SAVINGS
Cans Bottles, Caps Pumps
PURSUING PRODUCTIVITY + SUSTAINABILITY STRATEGY BUILDING BLOCKS IN TANDEM
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AGENDA
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FINANCIAL RESULTS H1 2019
Q&A
GUIDANCE
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GROUP – KEY FIGURES
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JAN. – JUN. 2018 JAN. – JUN. 2019 CHANGE
MILL. € MILL. € NOMINAL ORGANIC
SALES 3,613 3,837 +6.2% +4.8%
EBIT* 585 593
PROFIT AFTER TAX* 407 425
EBIT MARGIN* 16.2% 15.4%
PROFIT AFTER TAX MARGIN* 11.3% 11.1%
EARNINGS PER SHARE IN €* 1.76 1.84
*Excluding special factors: Expenses related to the acquisition of Coppertone™.
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JAN. – JUN. 2018 JAN. – JUN. 2019 CHANGE
GROUP MILL. € MILL. € NOMINAL ORGANIC
SALES 3,613 3,837 +6.2% +4.8%
EBIT* 585 593
EBIT MARGIN* 16.2% 15.4%
CONSUMER
SALES 2,957 3,146 +6.4% +5.3%
EBIT* 472 482
EBIT MARGIN* 15.9% 15.3%
TESA
SALES 656 691 +5.5% +2.4%
EBIT 113 111
EBIT MARGIN 17.3% 16.0%
GROUP – SEGMENTS
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*Excluding special factors: Expenses related to the acquisition of Coppertone™..
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CONSUMER – GROWTH
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ORGANIC SALES GROWTH IN %
+5.0
+6.8
+3.8
+5.3
+7.4*
FY 2018 Q1 2019 H1 2019Q2 2019 FY 2019Guidance
+5.9*
+3-5%+4.2*
+5.8*
*Consumer organic sales growth if sales in Argentina had been calculated at constant FX rates.
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CONSUMER – BRANDS
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+24.6%+1.6% +7.7% +0.7%
NIVEA DERMA HEALTHCARE LA PRAIRIE
Q2 2019
+26.8%+3.2% +6.0% +3.7%H1 2019
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SALES H1 2018 SALES H1 2019 NOMINAL GROWTH ORGANIC GROWTH
MILL. € MILL. €
WESTERN EUROPE 1,247 1,294 +3.8% +3.3%
EASTERN EUROPE 296 294 -0.7% +0.4%
EUROPE 1,543 1,588 +2.9% +2.8%
CONSUMER – EUROPE
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• GERMANY VERY POSITIVE; FRANCE, UK AND POLAND SOFTER
• LA PRAIRIE CONTINUED TO BE A SIGNIFICANT GROWTH CONTRIBUTOR
• ADVERSE WEATHER CONDITIONS LED TO A NEGATIVE IMPACT IN Q2
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EUROPE: WEATHER IMPACT
• SIGNIFICANTLY LESS SUNSHINEIN Q2 2019 VS LAST YEAR
• KEY MARKETS: GERMANY, UK, BENELUX, FRANCE, SPAIN, ITALY
• NEGATIVE IMPACT ON Q2 2019 CONSUMER & NIVEA GROWTH
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MAY 2018 MAY 2019
Source: Deutscher Wetterdienst/German Meteorological Service
SUNSHINE HOURS IN EUROPE
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SALES H1 2018 SALES H1 2019 NOMINAL GROWTH ORGANIC GROWTH
MILL. € MILL. €
NORTH AMERICA 211 226 +7.0% +0.7%
LATIN AMERICA 277 304 +9.7% +10.0%
AMERICAS 488 530 +8.5% +5.9%
CONSUMER – AMERICAS
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• NORTH AMERICA SLIGHTLY UP IN A WEAK BODY MARKET
• BRAZIL VERY STRONG & MEXICO ALSO WITH DOUBLE-DIGIT GROWTH
Organic sales growth if sales in Argentina had been calculated at constant FX rates:• Latin America: +15.9%• Americas: +9.1%
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SALES H1 2018 SALES H1 2019 NOMINAL GROWTH ORGANIC GROWTH
MILL. € MILL. €
AFRICA/ASIA/AUSTRALIA 926 1,028 +11.0% +9.2%
CONSUMER – AFRICA/ASIA/AUSTRALIA
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• LA PRAIRIE CONTINUED TO OUTPERFORM THE SELECTIVE SKIN CARE MARKET
• STRONG PERFORMANCE IN JAPAN, INDIA, CENTRAL & SOUTH AFRICA, AND INDONESIA
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GROSS MARGIN – POSITIVE PRICE & MIX
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IN % OF CONSUMER SALES
+0.5%
+0.5%
H1 2018 MIXPRICE
-0.2%
COST OF SALES,
LOGISTICS & OTHERS
-0.4%
FX H1 2019
61.4%
61.8%
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CONSUMER – EBIT
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IN % OF CONSUMER SALES, EXCL. SPECIAL FACTORS
14.515.1 15.5 15.9
15.3
H1 2019H1 2018H1 2015 H1 2016 H1 2017
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TESA – GROWTH
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ORGANIC GROWTH
DIRECT INDUSTRIES TRADE MARKETS TESA TOTAL
AUTOMOTIVE
ELECTRONICS
PRINT AND PAPER
BUILDING SUPPLY
CONSUMER & CRAFTSMEN
GENERAL INDUSTRIAL MARKETS
+2.4% +2.4% +2.4%
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GUIDANCE 2019
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CONSUMER• SALES GROWTH 3-5%
• EBIT MARGIN 14-14.5%
TESA• SALES GROWTH 3-4%
• EBIT MARGIN SLIGHTLY BELOW PREVIOUS YEAR
TOTAL GROUP• SALES GROWTH 3-5%
• EBIT MARGIN AROUND 14.5%
• PAT MARGIN SLIGHTLY BELOW PREVIOUS YEAR
2018 DATA FOR REFERENCE (EXCLUDING SPECIAL FACTORS):• CONSUMER EBIT 15.3%
• TESA EBIT 15.7%
• GROUP EBIT 15.4%
• GROUP PROFIT AFTER TAX MARGIN 10.5%
Note: Sales development is on an organic basis – profit development is based on ongoing operations
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Q&A
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HALF-YEAR REPORT 2019
August 6th, 2019