Cécile Cabanis Chief Financial Officer. Deutsche Bank Access Global Consumer Conference Paris June 9,2015

Transcription

1 Cécile Cabanis Chief Financial Officer Deutsche Bank Access Global Consumer Conference Paris June 9,2015

2 DISCLAIMER This document contains certain forward-looking statements concerning Danone. Although Danone believes its expectations are based on reasonable assumptions, these forward-looking statements are subject to numerous risks and uncertainties, which could cause actual results to differ materially from those anticipated in these forward-looking statements. For a detailed description of these risks and uncertainties, please refer to the section Risk Factors in Danone s Registration Document (which is available on Danone undertakes no obligation to publicly update or revise any of these forwardlooking statements. This document does not constitute an offer to sell, or a solicitation of an offer to buy DANONE shares. This document refers to financial indicators that are not defined by IFRS. For a detailed description of these indicators, please refer to the section "Financial indicators not defined in IFRS" of the press releases on its results published by Danone (which are available on Due to rounding, the sum of values presented in this document may differ from totals as reported. Such differences are not material. 2

3 2015: A FIRST STEP TOWARDS

4 2015: ENHANCE OUR STRENGTHS AND KEEP BUILDING A SUSTAINABLE MODEL OPTIMIZE INVEST Margin BUILD categories NURTURE 4

5 GEOGRAPHICAL DYNAMICS 2.8% 4.8% 2.9% EUROPE 0.5% 0.1% Q1 14 Q2 14 Q3 14 Q4 14 Q % 7.0% NORAM CIS 3.3% 2.0% 2.8% Q1 14 Q2 14 Q3 14 Q4 14 Q1 15 USA+Canada+CIS 13.5% 14.0% 8.0% ALMA AsiapacLatamMiddleEastAfrica 0.5% 2.0% Q1 14 Q2 14 Q3 14 Q4 14 Q1 15 5

6 FRESH DAIRY PRODUCTS KEEP REINFORCING ALL PLATFORMS Like-for-like sales growth Price/mix Volume 7.6% 9.8% 3.9% 2.4% 7.8% 0.7% 6.8% 5.0% 0.2% (3.7)% (1.0)% (7.4)% (7.1)% (7.8)% (4.8)% Q1 14 Q2 14 Q3 14 Q4 14 Q1 15 6

7 FRESH DAIRY PRODUCTS INVEST IN PRODUCT SUPERIORITY PRODUCT UNIQUENESS CATEGORY EXPANSION 7

8 FRESH DAIRY PRODUCTS EUROPE ANCHOR A NEW GROWTH MODEL KEY TRANSFORMATION INITIATIVES IN EUROPE SALES GROWTH BREAKDOWN 8.0% Q1 14 Q2 14 Q3 14 Q4 14 Q1 15 RIGHT PORTFOLIO EFFICIENT SOURCING 4.0% 0.0% (4.0)% (8.0)% EFFICIENT OPERATIONS RIGHT ORGANIZATION & PROCESS (12.0)% Price/mix Volume 8

9 FRESH DAIRY PRODUCTS NORAM & CIS CARRY ON GROWTH AGENDA NORTH AMERICA CIS 40% Average value market shares Danone (1) 30% Competitor 1 20% Competitor 2 10% YTD 2015 (May) (1) Danone : including Stonyfield and YoCrunch Source: IRI Multi Outlet Q1 14 Q2 14 Q3 14 Q4 14 Q1 15 > +25% > +15% > +10% 9

10 WATERS STRONG GROWTH TO SUPPORT CATEGORY EXPANSION Like-for-like sales growth Price/mix Volume 13.1% 11.8% 12.3% 8.9% 6.1% 3.5% 3.3% 8.6% 3.5% 2.0% 5.4% 7.0% 8.3% 9.0% 6.6% Q1 14 Q2 14 Q3 14 Q4 14 Q

11 WATERS KEEP BUILDING THE CATEGORY A RELEVANT MISSION DW Market Share Value (%) GAINING MARKET SHARE YEAR ON YEAR SOLID PLAIN WATERS PLATFORM CONTINUED GROWTH IN THE AQUADRINKS SEGMENT >50% of 2014 total Waters sales >+20% growth in

12 WATERS 360 ACTIVATION INVEST FOR BETTER PRODUCT ACTIVATION & DEVELOP BRAND EQUITIES DIGITAL: CLOSER CONSUMER INTERACTIONS A STRONG PIPELINE OF INNOVATIONS Online gaming and e-commerce activation Mizone blueberry national launch on a dedicated app Evian Spiderman The Amazing Baby & Me 2 > 20 mln views on Youtube 12

13 EARLY LIFE NUTRITION BUILD SUSTAINABLE GROWTH Like-for-like sales growth 28.1% Price/mix Volume 19.2% 16.6% 9.3% 11.6% 9.9% 11.5% 7.2% 4.4% (4.8)% (7.9)% (2.9)% (7.7)% (1.3)% (9.2)% Q1 14 Q2 14 Q3 14 Q4 14 Q

14 EARLY LIFE NUTRITION CONTINUE BUILDING OUR CATEGORIES ESSENTIAL ROLE OF EARLY LIFE NUTRITION A KEY FOCUS ON R&D AND SCIENTIFIC EXPERTISE Opening a new global research centre in Utrecht A UNIQUE AND RELEVANT APPROACH TO BABIES DANONE NUTRIPLANET SURVEYS Science-driven innovations adapting to allergy & specials needs x2 Hospital admissions for severe allergic reactions over the last decade in developed countries 14

15 EARLY LIFE NUTRITION REVIEW OF CHINESE BUSINESS Pregnancy 0-6m 6m-1y 1-2y & 2y+ International brands Local brands 15

16 MEDICAL NUTRITION VERY RESILIENT DYNAMICS Like-for-like sales growth Price/mix Volume 5.2% 0.9% 4.3% 10.1% 8.7% 7.3% 1.1% 4.5% 2.4% 6.2% 5.6% 6.3% 9.1% 5.6% 3.5% Q1 14 Q2 14 Q3 14 Q4 14 Q

17 2015: A FIRST STEP TOWARDS

18 2015 GUIDANCE: ANCHOR THE NEW SUSTAINABLE MODEL (1,027) 2015 objectives Sales growth (1) 4% to 5% Trading operating margin (1) Slightly up (1) Like-for-like: excludes the impact of changes in the basis for comparison, which include exchange rates and scope of consolidation 18

19 questions & answers APPENDIX 19