HALF-YEAR REPORT 2019 August 6 th , 2019 AGENDA FINANCIAL RESULTS - - PowerPoint PPT Presentation

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HALF-YEAR REPORT 2019 August 6 th , 2019 AGENDA FINANCIAL RESULTS - - PowerPoint PPT Presentation

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HALF-YEAR REPORT 2019 August 6 th , 2019 AGENDA FINANCIAL RESULTS H1 2019 GUIDANCE Q&A August 6, 2019 | Half-Year Report 2019 Page 2 outperform the market OUR COMMITMENT create consumer value COMPETITIVE SUSTAINABLE GROWTH ensure

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SLIDE 1

HALF-YEAR REPORT 2019

August 6th, 2019

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SLIDE 2

AGENDA

August 6, 2019 | Half-Year Report 2019 Page 2

FINANCIAL RESULTS H1 2019 Q&A GUIDANCE

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SLIDE 3 August 6, 2019 | Half-Year Report 2019 Page 3

GROWTH D DRIVERS

  • utperform the market

create consumer value ensure sustainable profitability

COMPETITIVE SUSTAINABLE GROWTH

OUR COMMITMENT

ACCELERATE IN WHITE SPOTS CONSUMER CENTRICITY THROUGH DIGITALIZATION WIN WITH SKIN CARE INCREASE PRODUCTIVITY CULTURE & SOCIETY

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SLIDE 4

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

August 6, 2019 | Half-Year Report 2019 Page 4
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SLIDE 5

WIN WITH SKIN CARE – STRONG PIPELINE

August 6, 2019 | Half-Year Report 2019 Page 5

Anti-Pigment Cellular Elasticity Filler Supreme Balm Cleanser

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SLIDE 6

ACCELERATE IN WHITE SPOTS – US SUN CARE

August 6, 2019 | Half-Year Report 2019 Page 6

1944

WIN WITH SKIN CARE ACCELERATE IN WHITE SPOTS

ICONIC SUN CARE BRAND THE LEADING SUN CARE COMPANY GAME CHANGER IN THE US Sun Protection

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SLIDE 7

THA HAIL ILAND, , BAN ANGKOK INDIA, , GUJA JARAT SPA PAIN, , TRES CAN ANTO TOS BRAZI ZIL, , ITA TATI TIBA

ACCELERATE IN WHITE SPOTS – PRODUCTION

August 6, 2019 | Half-Year Report 2019 Page 7

Inauguration: August 2019 Deo, Body, Shower, Sun, Face >+100% Production Capacity Groundbreaking: June 2019 Inauguration: by 2022 Body, Sun +74% Production Capacity Inauguration: July 2019 Deo, Face, Men, Sun, Body +50% Production Capacity Inauguration: June 2019 Body, Men, Face, Shower +100% Production Capacity

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SLIDE 8

CONSUMER CENTRICITY THROUGH DIGITALIZATION

August 6, 2019 | Half-Year Report 2019 Page 8
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SLIDE 9

CULTURE & SOCIETY – SUSTAINABILITY

August 6, 2019 | Half-Year Report 2019 Page 9

RESPONSIBLE SOURCING RENEWABLE ENERGY SUSTAINABLE PACKAGING

74% 74% CERTIFIED PALM CDP “A” SCORE AWARDED TAR ARGET: 100% CERTIFIED PALM BY 2020 81% RENEWABLE ELECTRICITY HIG IGHEST % EMISSION REDUCTION AMONG DAX 30 TAR ARGET: 100% RENEWABLE ELECTRICITY BY 2020 25% RECYCLED PET IN FACE CLEANSING OIL BOTTLE ZER ZERO-WASTE PILOT LOOP TAR ARGET: 25% RECYCLED CONTENT IN PLASTIC PACKAGING IN EUROPE BY 2025

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SLIDE 10

INCREASE PRODUCTIVITY – VALUE ENGINEERING

August 6, 2019 | Half-Year Report 2019 Page 10

VA VALU LUE EN ENGINEERIN ING VA VALU LUE-UP UP COS 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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SLIDE 11

AGENDA

August 6, 2019 | Half-Year Report 2019 Page 11

FINANCIAL RESULTS H1 2019 Q&A GUIDANCE

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SLIDE 12

GROUP – KEY FIGURES

August 6, 2019 | Half-Year Report 2019 Page 12
  • 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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SLIDE 13
  • JAN. – JUN. 2018
  • JAN. – JUN. 2019

CHANGE GR GROUP

  • MILL. €
  • MILL. €

NOMINAL ORGANIC

SALES 3,613 3,837 +6.2% +4.8% EBIT* 585 593 EBIT MARGIN* 16.2% 15.4% CON CONSUMER SALES 2,957 3,146 +6.4% +5.3% EBIT* 472 482 EBIT MARGIN* 15.9% 15.3% TE TESA SALES 656 691 +5.5% +2.4% EBIT 113 111 EBIT MARGIN 17.3% 16.0%

GROUP – SEGMENTS

August 6, 2019 | Half-Year Report 2019 Page 13

*Excluding special factors: Expenses related to the acquisition of Coppertone™..

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SLIDE 14

CONSUMER – GROWTH

August 6, 2019 | Half-Year Report 2019 Page 14

ORGANIC SALES GROWTH IN %

+5.0 +6.8 +3.8 +5.3 +7.4* FY 2018 Q1 2019 H1 2019 Q2 2019 FY 2019 Guidance +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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SLIDE 15

CONSUMER – BRANDS

August 6, 2019 | Half-Year Report 2019 Page 15

+24 24.6 .6% +1. 1.6% +7. 7.7% +0. 0.7% NIVEA DERMA HEALTHCARE LA PRAIRIE Q2 2019 +26 26.8 .8% +3. 3.2% +6. 6.0% +3. 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

August 6, 2019 | Half-Year Report 2019 Page 16
  • 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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SLIDE 17

EUROPE: WEATHER IMPACT

  • SIGNIFICANTLY LESS SUNSHINE

IN Q2 2019 VS LAST YEAR

  • KEY MARKETS: GERMANY, UK, BENELUX,

FRANCE, SPAIN, ITALY

  • NEGATIVE IMPACT ON Q2 2019

CONSUMER & NIVEA GROWTH

August 6, 2019 | Half-Year Report 2019 Page 17

MAY 2018 MAY 2019

Source: Deutscher Wetterdienst/German Meteorological Service

SU SUNSHINE HOURS IN N EURO UROPE

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SLIDE 18

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

August 6, 2019 | Half-Year Report 2019 Page 18
  • 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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SLIDE 19

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

August 6, 2019 | Half-Year Report 2019 Page 19
  • 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

August 6, 2019 | Half-Year Report 2019 Page 20

IN % OF CONSUMER SALES

+0.5% +0.5% H1 2018 MIX PRICE

  • 0.2%

COST OF SALES, LOGISTICS & OTHERS

  • 0.4%

FX H1 2019 61.4% 61.8%

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SLIDE 21

CONSUMER – EBIT

August 6, 2019 | Half-Year Report 2019 Page 21

IN % OF CONSUMER SALES, EXCL. SPECIAL FACTORS

14.5 15.1 15.5 15.9 15.3 H1 2019 H1 2018 H1 2015 H1 2016 H1 2017

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SLIDE 22

TESA – GROWTH

August 6, 2019 | Half-Year Report 2019 Page 22

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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SLIDE 23

GUIDANCE 2019

August 6, 2019 | Half-Year Report 2019 Page 23

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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SLIDE 24

Q&A

August 6, 2019 | Half-Year Report 2019 Page 24
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HALF-YEAR REPORT 2019

August 6th, 2019