Strengthening the economic model
|
|
- Beverly Fields
- 5 years ago
- Views:
Transcription
1 Strengthening the economic model Cécile CABANIS Executive Vice President, Chief Financial Officer Strategy and Information Systems
2 DISCLAIMER This document is presented by Danone. It contains certain forward-looking statements concerning Danone. In some cases, you can identify these forward-looking statements by forward-looking words, such as estimate, expect, anticipate, project, plan, intend, believe, forecast, foresee, likely, may, should, goal, target, might, will, could, predict, continue, convinced, and confident, the negative or plural of these words and other comparable terminology. Forward-looking statements in this document include, but are not limited to, statements regarding Danone s operation of its business including that of WhiteWave following completion of the merger, and statements regarding the future operation, direction and success of Danone s business including that of WhiteWave. Subject to regulatory requirements, Danone does not undertake to publicly update or revise any of these forward-looking statements. This document does not constitute an offer to sell, or a solicitation of an offer to buy Danone shares. All references in this presentation to like-for-like changes, like-for-like New Danone changes, recurring operating income, recurring operating margin, non-recurring results from associates, recurring net income and recurring EPS correspond to financial indicators not defined in IFRS used by Danone, which are defined at the end of this presentation. Due to rounding, the sum of values presented in this document may differ from totals as reported. Such differences are not material. 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 (the current version of which is available on
3 Danone s commitment since 2014 I 3 I
4 Danone s path towards its ambition I 4 I
5 Danone s on-going transformation towards a more resilient model of growth
6 Danone delivered its first step of profitable and sustainable growth Like-for-like sales growth CAGR +4.0% Sustained improvement in recurring operating margin bps cumulative Consistent recurring EPS growth CAGR +8.8% +4.7% +4.4% +2.9% 12.6% 12.9% 13.8% GROWTH PROFIT AGILITY CONSISTENCY I 6 I
7 Danone improved returns Consistent ROIC improvement Strong cash delivery Company +110bps (1) 10.0% 10.6% 10.9% FCF excluding exceptional items and % of net sales 1.4bn 1.5bn 6.6% 1.8bn 8.0% 6.0% (1) excluding FX impact I 7 I
8 Through more discipline Robust organization > 30 clusters worldwide > Finance, HR, IT-IS, GS > Fully in place Q EFFICIENCY PROXIMITY Optimized resource allocation processes > Strategic Mandate (3 years) > Rolling Forecast (4 quarters rolling) > Resource allocation conversation (every quarter) AGILITY DISCIPLINE I 8 I
9 Danone geared to face current industry transformation and changing world
10 Accelerated transformation in Danone s environment VUCA world Industry accelerated transformation BREXIT Consumer Trends Channels Deflation Commodities cycles Local Small is Big I 10 I
11 Leading to a short term growth transition in Danone s industry Transition in emerging markets Food Industry Outlook 15% 10% 5% GDP growth 11% 9% 7% 5% Asia Pacific Latin America North America 0% -5% -10% % 1% -1% Western Europe Source: IMF Source: EUROMONITOR I 11 I
12 Danone short term growth deceleration 40% of revenues in ALMA (1) ALMA 40% Transitioning emerging markets performance in China and Brazil Like-for-like sales growth 40% 30% 20% 10% 0% -10% % LFL Sales growth in % w/o China and Brazil (1) Asia, Latin America, Middle East, Africa I 12 I
13 Danone short term growth deceleration Turnaround of Dairy Europe is taking more time Achievements > Actimel stabilization (excl. Spain) 15% > Acceleration of young brands and heritage local brands > Gross margin improvement : bps (since 2014 excl. milk price impact) Still to be fixed 2016 total sales > Spain > Activia I 13 I
14 Danone is geared to reaccelerate An unparalleled portfolio of 100% healthy diet categories A major platform in the US reinforcing Danone s growth resilience Waters 18% 21% Essential Dairy & Plant-based - Noram 37% 34% 2016* New Danone 2016* Specialized Nutrition 26% 35% 6% 23% Essential Dairy & Plant-based - Int l NORAM * Excluding Stonyfield I 14 I
15 : Danone is recrafting its preparation agenda EFFICIENCY GROWTH Consistent EPS growth Fuel the growth model I 15 I
16 : Shaping the growth model to make it more resilient and preparing for strong profitable sustainable growth EFFICIENCY GROWTH Consistent EPS growth Fuel the growth model I 16 I
17 : Shaping the growth model to make it more resilient and preparing for strong profitable sustainable growth Unlock efficiencies Agile and efficient organization Discipline in resource allocation Successful integration and value creation from WhiteWave Consistent EPS growth I 17 I
18 : Shaping the growth model to make it more resilient and preparing for strong profitable sustainable growth Unlock efficiencies Agile and efficient organization Discipline in resource allocation Successful integration and value creation from WhiteWave Consistent EPS growth I 18 I
19 Continuing to enhance operational productivity in the gross margin Sourcing Procurement Manufacturing and Operations Supply Chain > Global Dairy sourcing centralization > Milk technology > Reformulation > Management of finished products & raw material losses > Increased efficiency in factories > Optimization of route-to-market > Logistic tenders 2016 Productivity metrics 600M total savings (before inflation) + 4.8% productivity savings on total COGS (1) Allocation: Mitigate inflation Improve gross margin: +50bps (2) (2016 vs. 2015) (1) COGS: Cost of goods (2) Like-for-Like I 19 I
20 Continuing to reduce fixed cost base & constantly adapting organization More robust and effective organization : 100M of restructuring costs (non-recurring) > 50 million yearly savings Continuous adaptation of local organizations Organization simplification Resizing of operations New regional organization Salesforce and Logistics reorganization Mizone Salesforce, Overheads, Distributors Salesforce optimization > 70 million yearly savings Examples of initiatives since : ~ 140M of restructuring costs (o/w 100M in recurring operating margin) I 20 I
21 Capturing 1bn extra structural savings in 2020 Disciplined Choices Invest for Impact Maximize Efficiency Sustainably BUY BETTER SPEND BETTER WORK BETTER To build muscle Reinvest in growth projects PROGRAM PROTEIN SCOPE Professional services Sales & Marketing spending Operations spending 1 bn SAVINGS Fuel for growth Margin I 21 I
22 Extra 1bn : Strengthening the economic model 1 bn 700 M 300 M - Investment in growth and efficiency - Secure sustainable profitable growth - In recurring operating margin >100M per year (starting 2018) Consistent EPS growth Prepare for Strong Profitable Sustainable Growth I 22 I
23 : Shaping the growth model to make it more resilient and preparing for strong profitable sustainable growth Unlock efficiencies Agile and efficient organization Discipline in resource allocation Successful integration and value creation from WhiteWave Consistent EPS growth I 23 I
24 Accelerating initiatives and improving execution by leveraging Danone s regional and transversal organization maximize local team empowerment NEW REGIONAL FOOTPRINT ONE DANONE Removing complexity & facilitating alignment New collaborative mindset I 24 I
25 Leveraging Beyond Budget process to maximize investment efficiency and quality of execution Quarterly reviews Build and activate our brands BEYOND BUDGET From short term performance To sustainable value creation Allocation of operational resources A&P R&D Talents Capex Quality Optimize pricing and promotion strategy Prioritization of investment 3% 2% Capacity investments (% of sales) 1% I 25 I
26 Optimizing the business models for capital discipline REDUCE CAPITAL INTENSITY Implement low capitalintensive licensing models Columbia 2016 ADAPT Adapt strategy and leverage partnerships China 2015 EXIT Dispose of assets Indonesia 2014 Chile 2017 I 26 I
27 : Shaping the growth model to make it more resilient and preparing for strong profitable sustainable growth Unlock efficiencies Agile and efficient organization Discipline in resource allocation Successful integration and value creation from WhiteWave Consistent EPS growth I 27 I
28 Delivering $300M run-rate synergies of WhiteWave acquisition Strong value creation (annual run-rate impact by 2020) Synergies $ 300m in EBIT Like-for-like sales growth Extra +0.5% to +1% Recurring EPS >10% accretion based on runrate synergies I 28 I
29 Supported by strong integration track record +500bps Operating margin (1) Working capital (3) from positive to - 5% Operating margin Working capital (4) from zero to ~ 9% from ~ + 6% to ~ - 9% FCF (2) > x 2 to ~ 900m ROIC x 2 > Premiumization strategy > Market share gains > Cost base adaptation (1) Recurring Operating Margin of Numico standalone in 2007 and combined Recurring Operating Margin of ELN and Medical in 2016 (2) Free Cash Flow excluding exceptional items (3) Difference between WC of Numico standalone in 2007 and WC of ELN and Medical in 2016 (in % of net sales) (4) Difference between WC of Unimilk standalone in 2010 and WC of Dairy CIS in 2016 (in % of net sales) I 29 I
30 : Shaping the growth model to make it more resilient and preparing for strong profitable sustainable growth Unlock efficiencies Agile and efficient organization Discipline in resource allocation Successful integration and value creation from WhiteWave Consistent EPS growth I 30 I
31 2017: Year One of decoupling and New Danone Transition in growth Decoupling Start of Protein efficiency program WhiteWave integration + Moderate Sales Growth (1) Sustained Recurring Operating Margin Improvement (1) Double-digit Recurring EPS Growth at constant exchange rate (1) Like-for-like new Danone I 31 I
32 : Accelerating growth LFL sales growth: sequential acceleration 4 to 5% Accelerated transformation of our environment MODERATE > 5% 3-4% > Leverage unique brands and categories portfolio > Strengthen our profitable growth > Right rhythm vs. high speed I 32 I
33 : Accelerating recurring operating margin improvement Recurring Operating Margin +300bps (2) > 16% > Maximize efficiencies > Deliver Protein savings and WhiteWave synergies 13.8% 9.6% > Discipline in resource allocation 2016 Danone 2016 WhiteWave 2016 New Danone (1) 2020 > Deliver commitment of Dairy +200bps (3) improvement over at constant exchange rates (1) 2016 Recurring operating margin of combined Danone and WhiteWave on a full year basis (2) Cumulative LFL improvement between 2016 and 2020 (3) Cumulative recurring operating margin improvement of Dairy as per previous reporting perimeter from 2014 to 2020 I 33 I
34 : Deleveraging balance sheet Leverage ratio (Net debt / EBITDA) 4.5x < 3.0x > Higher Free Cash Flow generation > Discipline in investment 2.0x 2016 Danone 2016 New Danone (1) 2020 > No change in dividend policy (1) Leverage ratio of combined Danone and WhiteWave as of 31 December 2016, pro forma for WhiteWave acquisition debt I 34 I
35 : Continuing to improve ROIC Return on Invested Capital Danone WhiteWave acquisition: ~ - 150bps by : Continue to improve capital efficiency ~ 12% 10.9% 10.0% 10.6% New Danone I 35 I
36 2020: Sustainable Profitable Growth LFL sales growth 4 to 5% Net debt / EBITDA < 3.0x Consistent EPS Growth Recurring operating margin > 16% ROIC ~ 12% I 36 I
37 : Shaping the model for Strong Profitable Sustainable Growth LFL sales growth > 4% to 5% Recurring operating margin > 16% Reduced leverage ratio to < 3.0x ROIC improved to ~ 12% Consistent EPS growth I 37 I
38
Delivering Superior Sustainable Profitable Growth
Investor Seminar October 22, 2018 Delivering Superior Sustainable Profitable Growth Cécile CABANIS CFO Our journey towards long-term sustainable value creation Accelerated transformation since last three
More informationBERNSTEIN STRATEGIC DECISIONS CONFERENCE
BERNSTEIN STRATEGIC DECISIONS CONFERENCE September 28, 2017 Cécile Cabanis, CFO I 1 I This document contains certain forward-looking statements concerning Danone. In some cases, you can identify these
More informationMORGAN STANLEY GLOBAL CONSUMER & RETAIL CONFERENCE. Cécile Cabanis, CFO. November 14, 2017 I 1 I
MORGAN STANLEY GLOBAL CONSUMER & RETAIL CONFERENCE November 14, 2017 Cécile Cabanis, CFO I 1 I This document contains certain forward-looking statements concerning Danone. In some cases, you can identify
More information2016 RESULTS February 15, Emmanuel Faber, CEO Cécile Cabanis, CFO
2016 RESULTS February 15, 2017 Emmanuel Faber, CEO Cécile Cabanis, CFO DISCLAIMER This document contains certain forward-looking statements concerning Danone. Although Danone believes its expectations
More information2017 HALF-YEAR RESULTS
I 1 I 2017 HALF-YEAR RESULTS July 27, 2017 Emmanuel Faber, CEO Cécile Cabanis, CFO I 2 I This document is presented by Danone. It contains certain forward-looking statements concerning Danone. In some
More informationQ SALES. Cécile Cabanis, CFO. October 17, 2017 I 1 I
Q3 2017 SALES October 17, 2017 Cécile Cabanis, CFO I 1 I DISCLAIMER This document is presented by Danone. It contains certain forward-looking statements concerning Danone. In some cases, you can identify
More informationBARCLAYS GLOBAL CONSUMER STAPLES CONFERENCE
I 1 I BARCLAYS GLOBAL CONSUMER STAPLES CONFERENCE September 6, 2017 Emmanuel Faber, CEO I 2 I This document contains certain forward-looking statements concerning Danone. In some cases, you can identify
More informationQ SALES. April 18, Cécile Cabanis CFO I 1 I
Q1 2018 SALES April 18, 2018 Cécile Cabanis CFO I 1 I Disclaimer This presentation contains certain forward-looking statements concerning Danone. In some cases, you can identify these forwardlooking statements
More informationH1 2017: performance in line with expectations, preparing for acceleration
2017 First-Half Results Press release Paris, July 27, 2017 H1 2017: performance in line with expectations, preparing for acceleration Double-digit recurring EPS growth (+11.0% at constant exchange rates)
More information2015 RESULTS. February 23, Emmanuel FABER, CEO Cécile CABANIS, CFO
2015 RESULTS February 23, 2016 Emmanuel FABER, CEO Cécile CABANIS, CFO 1 DISCLAIMER This document contains certain forward-looking statements concerning Danone. Although Danone believes its expectations
More informationStrong momentum in Essential Dairy & Plant-Based and Waters offsets Early Life Nutrition contraction in China
Third-Quarter Sales Press release Paris, October 17, Strong momentum in Essential Dairy & Plant-Based and Waters offsets Early Life Nutrition contraction in China Like-for-like sales growth: +3.1% in first-nine
More informationStrong set of results in a volatile context
Strong set of results in a volatile context 2018 First-Half Results Press release Paris, July 27, 2018 Double-digit recurring EPS growth at constant ex rate: +13.4% excluding Yakult Transaction Impact
More informationStrong start to the year: +4.9% like-for-like sales growth 1
2018 First-Quarter Sales Press release Paris, April 18, 2018 Strong start to the year: +4.9% like-for-like sales growth 1 Consolidated sales of 6,085m, up +10.8% on a reported basis and +4.9% like-for-like
More informationOur Equation: Leverage & Invest Pierre-André Térisse Chief Financial Officer
Our Equation: Leverage & Invest Pierre-André Térisse Chief Financial Officer Building a high quality portfolio Our infancy: 1996-2006 Portfolio refocus Sales breakdown in 1996 Sales breakdown in 2006 Glass
More informationForward looking statements
Presentation to investors April 2008 1 Forward looking statements 2 This document contains certain forward-looking statements concerning Groupe DANONE. Although Groupe DANONE believes its expectations
More informationDANONE A FRENCH CORPORATION (SOCIÉTÉ ANONYME) WITH SHARE CAPITAL OF 167,677,600 REGISTERED OFFICE: 17, BOULEVARD HAUSSMANN, PARIS
DANONE A FRENCH CORPORATION (SOCIÉTÉ ANONYME) WITH SHARE CAPITAL OF 167,677,600 REGISTERED OFFICE: 17, BOULEVARD HAUSSMANN, 75009 PARIS PARIS CORPORATE REGISTER NUMBER: 552 032 534 2017 INTERIM FINANCIAL
More informationPRESS RELEASE First-Half Results
PRESS RELEASE 2015 First-Half Results July 24, 2015 Solid and profitable organic growth in the first half with: Sales [1] up +4.6% [2] in the first half and up +4.5% [2] in the second quarter Trading operating
More informationEmmanuel Faber Vice-Chairman, Co-Chief Operating Officer. CAGE Conference London 19 March 2014
Emmanuel Faber Vice-Chairman, Co-Chief Operating Officer CAGE Conference London 19 March 2014 DISCLAIMER This document contains certain forward-looking statements concerning DANONE. Although DANONE believes
More informationHenkel Shaping Henkel towards 2020 and beyond. Hans Van Bylen, Carsten Knobel German Investment Seminar 2017 January 2017
Henkel 2020 + Shaping Henkel towards 2020 and beyond Hans Van Bylen, Carsten Knobel German Investment Seminar 2017 January 2017 Disclaimer This information contains forward-looking statements which are
More informationEmmanuel Faber Chief Executive Officer. CAGE Conference London March 17, 2015
Emmanuel Faber Chief Executive Officer CAGE Conference London March 17, 2015 DISCLAIMER This document contains certain forward-looking statements concerning Danone. Although Danone believes its expectations
More informationPierre-André Terisse. Deutsche Bank Global Consumer Conference Paris - June 12th, 2013
Pierre-André Terisse Deutsche Bank Global Consumer Conference Paris - June 12th, 2013 2 Disclaimer This document contains certain forward-looking statements concerning DANONE. Although DANONE believes
More informationDanone Model in Motion
Danone Model in Motion Franck Riboud Sept 7 th, 2011 2 Disclaimer This document contains certain forward-looking statements concerning DANONE. Although DANONE believes its expectations are based on reasonable
More informationFinancial Targets through 2022: Focus on Value Creation
Financial Targets through 2022: Focus on Value Creation /////////// Capital Markets Day London, December 5, 208 Wolfgang Nickl CFO Bayer AG Disclaimer Cautionary Statements Regarding Forward-Looking Information
More informationHenkel Our strategic priorities for the future. Hans Van Bylen / Carsten Knobel Press Conference, November 17, 2016
Henkel 2020 + Our strategic priorities for the future Hans Van Bylen / Carsten Knobel Press Conference, November 17, 2016 Disclaimer This information contains forward-looking statements which are based
More informationCécile Cabanis Chief Financial Officer. Deutsche Bank Access Global Consumer Conference Paris June 9,2015
Cécile Cabanis Chief Financial Officer Deutsche Bank Access Global Consumer Conference Paris June 9,2015 DISCLAIMER This document contains certain forward-looking statements concerning Danone. Although
More information2018 INTERIM FINANCIAL REPORT
2018 INTERIM FINANCIAL REPORT DANONE A FRENCH CORPORATION (SOCIÉTÉ ANONYME) WITH SHARE CAPITAL OF 171,263,800 REGISTERED OFFICE: 17, BOULEVARD HAUSSMANN, 75009 PARIS PARIS CORPORATE REGISTER NUMBER: 552
More informationCapital Markets Day. Strategic Plan Francesco Starace CEO & General Manager
Capital Markets Day Strategic Plan 2019-21 Francesco Starace CEO & General Manager Agenda Francesco Starace (CEO & General Manager) Enel Today 2015-2018 Our Delivery 2019-2021 Our Vision & Positioning
More informationCAGE CONFERENCE. London, March 23, 2016
CAGE CONFERENCE London, March 23, 2016 Emmanuel FABER CEO DISCLAIMER This document contains certain forward-looking statements concerning Danone. Although Danone believes its expectations are based on
More informationIFF Q Earnings Conference Call
INTERNATIONAL FLAVORS & FRAGRANCES IFF Q2 2018 Earnings Conference Call August 8, 2018 Cautionary Statement This presentation contains forward-looking statements within the meaning of Section 27A of the
More informationHenkel Roadshow Presentation. As of November 2017
Disclaimer This information contains forward-looking statements which are based on current estimates and assumptions made by the corporate management of Henkel AG & Co. KGaA. Statements with respect to
More informationFINANCIAL OVERVIEW AL MISTYSYN SENIOR VICE PRESIDENT, FINANCE & CHIEF FINANCIAL OFFICER FINANCIAL COMMUNITY PRESENTATION OCTOBER 3, 2017
FINANCIAL OVERVIEW AL MISTYSYN SENIOR VICE PRESIDENT, FINANCE & CHIEF FINANCIAL OFFICER FINANCIAL COMMUNITY PRESENTATION OCTOBER 3, 2017 Forward Looking Statement The presentations today will contain certain
More informationInvestors Day St.Galler Kantonalbank Bernhard A. Fuchs September 12, Holcim Ltd
Investors Day St.Galler Kantonalbank Bernhard A. Fuchs September 12, 2013 Agenda Holcim at a glance Holcim s Strategy House base for value creation Holcim Leadership Journey Proactive Asset Management
More informationFY 2016 RESULTS. March 2 nd, 2017
FY 2016 RESULTS March 2 nd, 2017 AGENDA Key messages & strategy execution Financial update 2017 outlook & conclusion FY2016 RESULTS 2 KEY MESSAGES & STRATEGY EXECUTION KEY MESSAGES 2016 results in line
More informationSABMiller plc. Full year results Twelve months ended 31 March Graham Mackay, Chief Executive Jamie Wilson, Chief Financial Officer.
SABMiller plc Full year results Twelve months ended 31 March 2012 Graham Mackay, Chief Executive Jamie Wilson, Chief Financial Officer 24 May 2012 Forward looking statements This presentation includes
More informationDANONE REPORT OF THE SHAREHOLDERS MEETING APRIL 27, 2017 MAISON DE LA MUTUALITE
DANONE REPORT OF THE SHAREHOLDERS MEETING APRIL 27, 2017 MAISON DE LA MUTUALITE A total of 1,002 shareholders attended the Danone Shareholders Meeting, which was held at Maison de la Mutualité on Thursday
More information1Q19 FINANCIAL RESULTS. November 7, 2018
1Q19 FINANCIAL RESULTS November 7, 2018 1Q19 FINANCIAL HIGHLIGHTS A CHALLENGING QUARTER REFLECTING IMPACT OF DISRUPTION ~2,137 $1,150M (+150M) -90 1Q19 Net Revenue LFL (7.7%), or ~(2.5%) when excluding
More informationQ2 & H1 FINANCIAL RESULTS. July
Q2 & H FINANCIAL RESULTS July 29 205 Forward Looking Statements This Presentation may include forward-looking statements. Forward-looking statements are statements regarding or based upon our management
More informationHenkel AG & Co. KGaA. Klaus Keutmann Frankfurt,
Henkel AG & Co. KGaA Klaus Keutmann Frankfurt, 21.01.2015 Disclaimer This information contains forward-looking statements which are based on current estimates and assumptions made by the corporate management
More informationEmmanuel Faber. The Premium Review Conference Paris December 1 st, 2011
Emmanuel Faber The Premium Review Conference Paris December 1 st, 2011 2 Disclaimer This document contains certain forward-looking statements concerning DANONE. Although DANONE believes its expectations
More informationKey Q3 event = Fonterra false alert
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
More informationH Results. July 25, 2014
1 H1 2014 Results July 25, 2014 DISCLAIMER This document contains certain forward-looking statements concerning Danone. Although Danone believes its expectations are based on reasonable assumptions, these
More informationGROUP FINANCE. Emmanuel Babeau, Deputy CEO and CFO
GROUP FINANCE Emmanuel Babeau, Deputy CEO and CFO 1 Disclaimer All forward-looking statements are Schneider Electric management s present expectations of future events and are subject to a number of factors
More informationCredit Suisse 6 th Annual Industrials Conference November 2018
Credit Suisse 6 th Annual Industrials Conference November 2018 Safe Harbor This presentation includes forward-looking statements which are statements that are not historical facts, including statements
More informationInvestor Deck December 2018
Investor Deck December 2018 Safe Harbor This presentation includes forward-looking statements which are statements that are not historical facts, including statements that relate to the mix of and demand
More informationThird Quarter 2017 Results Jan Jenisch, CEO Ron Wirahadiraksa, CFO. October 27, 2017 LafargeHolcim Ltd 2015
Third Quarter 2017 Results Jan Jenisch, CEO Ron Wirahadiraksa, CFO October 27, 2017 LafargeHolcim Ltd 2015 01 Initial views Q3 2017 and Outlook Jan Jenisch, Chief Executive Officer 2017 LafargeHolcim 2
More informationHenkel FY Kasper Rorsted Carsten Knobel. Düsseldorf March 4, 2015
Henkel FY 2014 Kasper Rorsted Carsten Knobel Düsseldorf March 4, 2015 Disclaimer This information contains forward-looking statements which are based on current estimates and assumptions made by the corporate
More informationFinancial Information
Accelerating & profit in H1: Revenue up +4% reported, Adj. EBITA +8%, Net Income +18%, FCF +15% H1 revenue of 12.2bn, +2.7% organic, +4.1% outside Infrastructure H1 adj. EBITA margin up 60bps 1 org., to
More informationKellogg Company FOURTH QUARTER 2017 FINANCIAL RESULTS February 8, 2018
Kellogg Company FOURTH QUARTER 2017 FINANCIAL RESULTS February 8, 2018 Forward-Looking Statements This presentation contains, or incorporates by reference, forward-looking statements with projections concerning,
More informationHenkel Roadshow Q November, 2014
Henkel Roadshow Q3 2014 November, 2014 Disclaimer This information contains forward-looking statements which are based on current estimates and assumptions made by the corporate management of Henkel AG
More informationFULL YEAR RESULTS 2017
FULL YEAR RESULTS 2017 February 16, 2018 Emmanuel Faber, Chairman and CEO Cécile Cabanis, CFO I 1 I Disclaimer This press release contains certain forward-looking statements concerning Danone. In some
More informationKION Q3 UPDATE CALL Gordon Riske, CEO Thomas Toepfer, CFO Wiesbaden, 14 November 2013
KION Q3 UPDATE CALL 2013 Gordon Riske, CEO Thomas Toepfer, CFO Wiesbaden, 14 November 2013 AGENDA 1 Highlights 2013 Gordon Riske 2 Financial Update Thomas Toepfer 3 Outlook Gordon Riske 14 November 2013
More informationFull-year results 2017 Conference. February 15, 2018 Nestlé full-year results 2017
Full-year results 2017 Conference 1 Disclaimer This presentation contains forward looking statements which reflect Management s current views and estimates. The forward looking statements involve certain
More informationHenkel Q Hans Van Bylen, Carsten Knobel Düsseldorf, November 15, 2018
Henkel Q3 2018 Hans Van Bylen, Carsten Knobel Düsseldorf, November 15, 2018 Disclaimer This information contains forward-looking statements which are based on current estimates and assumptions made by
More informationPentair KeyBanc Capital Markets Industrial, Automotive & Transportation Conference
Pentair KeyBanc Capital Markets Industrial, Automotive & Transportation Conference John L. Stauch Chief Financial Officer May30, 2013 PENTAIR FORWARD-LOOKING STATEMENTS CAUTION CONCERNING FORWARD-LOOKING
More informationGENERAL MEETING 3 MAY Arnaud Lagardère General and Managing Partner
GENERAL MEETING 3 MAY 2018 Arnaud Lagardère General and Managing Partner CONTENTS 1 OUR MARKETS AND THEIR TRENDS 2 OUR GROUP TODAY 3 OUR STRATEGIC VISION AND AMBITION 2 OUR MARKETS AND OUR GROUP TODAY
More informationJuly 26, 2017 LafargeHolcim Ltd 2015
Second Quarter 2017 Results Beat Hess, Chairman and Interim CEO Roland Köhler, Interim COO and Regional Head of Europe, Australia/NZ & Trading Ron Wirahadiraksa, CFO July 26, 2017 LafargeHolcim Ltd 2015
More informationPierre-André Térisse. Morgan Stanley New York - November 15th, 2011
Pierre-André Térisse Morgan Stanley New York - November 15th, 2011 2 Disclaimer This document contains certain forward-looking statements concerning DANONE. Although DANONE believes its expectations are
More informationdbaccess Global Consumer Conference Henkel AG & Co. KGaA June 14, 2017
Henkel AG & Co. KGaA Disclaimer This information contains forward-looking statements which are based on current estimates and assumptions made by the corporate management of Henkel AG & Co. KGaA. Statements
More informationBAML Conference - Miami
BAML Conference - Miami Francois Luscan, President & CEO Xavier Leclerc de Hauteclocque, CFO December 3, 2013 Forward Looking Statement This presentation may include forward-looking statements. Forward-looking
More informationSchaeffler Group Mobility for tomorrow Klaus Rosenfeld Chief Executive Officer
Schaeffler Group Mobility for tomorrow Klaus Rosenfeld Chief Executive Officer Capital Markets Day July 20 th, 2016 London Agenda 1 Overview 2 Our Strategy 3 Our Action Plan 4 Our Financial Ambitions 5
More informationFull Year 2016 Results
Full Year 2016 Results Solid Performance in 2016 after Airgas Integration Increase in Revenue, Net Profit and EPS Paris, 15 February 2017 Agenda 1 2016, a successful transformational year 2 Solid operational
More informationQ Sales. April 16 th, 2014
1 Q1 2014 Sales April 16 th, 2014 DISCLAIMER This document contains certain forward-looking statements concerning DANONE. Although DANONE believes its expectations are based on reasonable assumptions,
More informationFY 2017 Results. March 6, 2018
FY 2017 Results March 6, 2018 Forward looking statements This Presentation may include forward-looking statements. Forward-looking statements are statements regarding or based upon our management s current
More informationInvestor Presentation
14 MAR 2016 Investor Presentation 4Q and FY 2015 Results Hussein Hachem, CEO Bashar Obeid, CFO Management Update 4Q 2015 Results FY 2015 Results Long-term Performance Outlook & Guidance Page 1 Disclaimer
More informationHenkel Q Hans Van Bylen, Carsten Knobel Düsseldorf, November 14, 2017
Henkel Q3 2017 Hans Van Bylen, Carsten Knobel Düsseldorf, November 14, 2017 Disclaimer This information contains forward-looking statements which are based on current estimates and assumptions made by
More informationInvestor presentation
Investor presentation Important information Forward-Looking Statements and Risks & Uncertainties This document and the related oral presentation contain, and responses to questions following the presentation
More informationSABMiller plc. Full year results Twelve months ended 31 March Jamie Wilson, Chief Financial Officer Gary Leibowitz, SVP, Investor Relations
SABMiller plc Full year results Twelve months ended 31 March 2012 Jamie Wilson, Chief Financial Officer Gary Leibowitz, SVP, Investor Relations 24 May 2012 Forward looking statements This presentation
More informationMargin improvement / portfolio management / capital structure François Roger: Chief Financial Officer
Margin improvement / portfolio management / capital structure François Roger: Chief Financial Officer 1 September 26, 2017 Investor Seminar Disclaimer This presentation contains forward looking statements
More informationPhilips Lighting reports 0.5% full year comparable sales growth, 10% operational profitability and EUR 403 million free cash flow
Philips Lighting reports 0.5% full year comparable sales growth, 10% operational profitability and EUR 403 million free cash flow Q4 & Full Year 2017 presentation February 2, 2018 Important information
More information2007 full year conference call
2007 full year conference call 2007 full year conference call - 21 February 2008 Disclaimer 2 2007 full year conference call - 21 February 2008 This presentation contains forward looking statements which
More informationCreating Value by Accelerating Transformation & Growth
Creating Value by Accelerating Transformation & Growth Univar Announces Agreement to Acquire Nexeo September 17, 2018 1 2018 Univar, Inc. All rights reserved. Forward-Looking Statements This communication
More informationANSELL LIMITED Half Year Results to December Magnus Nicolin Chief Executive Officer Neil Salmon Chief Financial Officer
ANSELL LIMITED Half Year Results to December 2014 Magnus Nicolin Chief Executive Officer Neil Salmon Chief Financial Officer Disclaimer The following presentation has been prepared by Ansell Limited for
More informationChairman & CEO SVP & CFO
Chairman & CEO SVP & CFO 1 Included in this presentation are forward-looking management comments and other statements that reflect management s current outlook for future periods. As always, these expectations
More informationUnilever H Results
Unilever H1 2011 Results Paul Polman CEO Jean-Marc Huët CFO James Allison Head of IR and M&A August 4 th 2011 Safe Harbour Statement This announcement may contain forward-looking statements, including
More informationNestlé s long-term value creation model
Nestlé s long-term value creation model François-Xavier Roger EVP, Chief Financial Officer Nestlé, S.A. Bernstein Conference London, September 2018 September 27, 2018 Bernstein Conference 1 Disclaimer
More informationtechnicolor.com 7 JUNE 2018
technicolor.com 7 JUNE 2018 COUNTRIES SITES REVENUES Connected Home 57% 57% 2017 2016 16% 1% 26% Production Services 18% DVD Services 24% North America 53% 2017 2016 25% 16% 52% 7% Europe, Middle-East
More informationPhilips Lighting reports comparable sales growth of 1.3% and continued improvement in operational profitability
Philips Lighting reports comparable sales growth of 1.3% and continued improvement in operational profitability Q3 2017 results Analyst & Investor presentation October 19, 2017 Important information Forward-Looking
More informationFINANCIAL INFORMATION AS OF SEPTEMBER 30, 2015
FINANCIAL INFORMATION AS OF SEPTEMBER 30, 2015 KEY MESSAGES Financial performance impacted by commodity price drop, partially offset by performance in fast growing markets and cost discipline Cash flow
More informationFebruary 21, Fourth Quarter 2018 Results
February 21, 2019 Fourth Quarter 2018 Results Forward-looking statements This presentation, as well as other statements made by Delphi Technologies PLC (the Company ), contains forward-looking statements
More information2018 Financial Outlook
2018 Financial Outlook Nick Gangestad Senior Vice President and Chief Financial Officer December 12, 2017 1 Agenda Executing on our 2016 2020 plan Tracking to the top-half of 2017 full-year organic growth
More informationPRESENTATION BAADER INVESTMENT CONFERENCE. Munich 18 September 2017
PRESENTATION BAADER INVESTMENT CONFERENCE Munich 18 September 2017 DISCLAIMER AND NOTES To the extent that statements in this presentation do not relate to historical or current facts, they constitute
More information2007 Revenue and Results. 2007: strong increase in results Strengthened growth momentum. February 15 th, 2008
2007 Revenue and Results 2007: strong increase in results Strengthened growth momentum February 15 th, 2008 2007 revenue and results Agenda A successful 2007 Be the recognized industry leader John Glen
More informationLafargeHolcim makes good progress in 2017; Strategy 2022 to drive growth. EPS 11.9% up on prior year excluding impairment and divestments
Zurich, 07:00, March 2, 2018 LafargeHolcim makes good progress in 2017; Strategy 2022 to drive growth 4.7% growth in Net Sales on like-for-like basis Recurring EBITDA up 6.1% on like-for-like basis EPS
More informationProtein Program. Susanne LUICK-NIJBOER. Gustavo VALLE. Evian Investor Seminar. Vice President PROTEIN
Protein Program Gustavo VALLE Executive VP Dairy and Resources Efficiency Susanne LUICK-NIJBOER Vice President PROTEIN Introduction to Program Protein Gustavo VALLE Executive VP Dairy and Resources Efficiency
More informationCarlsberg A/S. H interim results
Carlsberg A/S H1 2016 interim results Agenda H1 highlights Financial results Region performance Appendix Good H1 performance +140bp Organic GPaL margin improvement -1% +8% Organic decline in pro rata volumes
More informationThird-quarter 2018 results November 9, 2018
` Third-quarter 018 results November 9, 018 ` 1 Disclaimer This presentation may contain forward-looking statements. Such statements are not statements of historical fact, and reflect the beliefs and expectations
More informationThe driving force of the refractory industry
The driving force of the refractory industry 2017 Full Year Results March 2018 Disclaimer The consolidated financial statements presented here are consistent with the criteria of international accounting
More informationFull-year results 2018
Full-year results 2018 Investor Call 1 Disclaimer This presentation contains forward looking statements which reflect Management s current views and estimates. The forward looking statements involve certain
More informationH FINANCIAL RESULTS. Milan September 18 th, 2018
H1 2018 FINANCIAL RESULTS Milan September 18 th, 2018 1 AGENDA H1 2018 Highlights o o o Group overview Results by business Outlook Financial results Appendix 2 H1 2018 Financial Highlights Organic sales
More informationUnilever Investor Event 2018 Graeme Pitkethly 4 th December 2018
Unilever Investor Event 2018 Graeme Pitkethly 4 th December 2018 SAFE HARBOUR STATEMENT This announcement may contain forward-looking statements, including forward-looking statements within the meaning
More informationINVESTOR PRESENTATION Worldpay, Inc. All rights reserved.
INVESTOR PRESENTATION 1 DISCLAIMER No Offer or Solicitation This presentation is provided for informational purposes only and is not intended to and shall not constitute an offer to sell or the solicitation
More informationInvestor Presentation Q Results. 21 May 2015
Investor Presentation 2015 Results 21 May 2015 1 Forward-looking statements This presentation contains forward-looking statements, including, but not limited to, the statements and expectations contained
More informationIFF & Frutarom Creating a Global Leader in Taste, Scent & Nutrition. May 7, 2018
IFF & Frutarom Creating a Global Leader in Taste, Scent & Nutrition May 7, 2018 Cautionary Statement This presentation contains forward-looking statements within the meaning of Section 27A of the Securities
More informationPresentation to Investors and Analysts
Fourth Quarter and Full Year 2016 Results Presentation to Investors and Analysts February 14, 2017 Disclaimer (1/2) The data presented in this presentation relating to the Swiss Universal Bank refers to
More informationThe New Unilever Simpler, Faster, Stronger Jean-Marc Huët
The New Unilever Simpler, Faster, Stronger Jean-Marc Huët Agenda 1 Driving sustainable growth ahead of the market 2 Delivering steady, sustainable margin improvements 3 Deploying cash effectively to fund
More informationZEBRA TECHNOLOGIES FIRST QUARTER 2016 RESULTS May 10, 2016
ZEBRA TECHNOLOGIES FIRST QUARTER 2016 RESULTS May 10, 2016 Anders Gustafsson Chief Executive Officer Mike Smiley Chief Financial Officer 2 Safe Harbor Statement Statements made in this presentation which
More informationJefferies Industrials Conference. August 11, 2015
Jefferies Industrials Conference August 11, 2015 Forward-Looking Statements & Accounting Standards Cautionary Statement on Forward-Looking Statements: This document contains forward-looking statements
More informationHORIZON GLOBAL DRIVEN TO DELIVER. 28 th Annual Roth Conference March 2016 NYSE: HZN
HORIZON GLOBAL DRIVEN TO DELIVER 28 th Annual Roth Conference March 2016 1 Safe Harbor Statement Forward-Looking Statements This presentation may contain "forward-looking statements" as defined in the
More informationWelcome to the Full-Year 2016 Conference. February 16, 2017 Nestlé Full-Year Results 2016
Welcome to the Full-Year 2016 Conference 1 Disclaimer This presentation contains forward looking statements which reflect Management s current views and estimates. The forward looking statements involve
More informationUnilever at Deutsche Bank Conference Paul Polman CEO Paris, June 11 th 2015
Unilever at Deutsche Bank Conference Paul Polman CEO Paris, June 11 th 2015 SAFE HARBOUR STATEMENT This presentation may contain forward-looking statements, including forward-looking statements within
More information