2013 Full Year Results conference

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Slides of both Paul Bulcke, CEO, and Wan Ling Martello, CFO, at the Nestlé 2013 Full-year results conference, February 13 20014

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2013 Full Year Results conference

  1. 1. Welcome to the Full -Year Results Conference
  2. 2. Disclaimer 2 13 February, 2014 This presentation contains forward looking statements which reflect Management’s current views and estimates. The forward looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those contained in the forward looking statements. Potential risks and uncertainties include such factors as general economic conditions, foreign exchange fluctuations, competitive product and pricing pressures and regulatory developments. Full-Year Results Conference
  3. 3. Full -Year Results Conference Paul Bulcke Nestlé CEO
  4. 4. Executive Board Paul Bulcke Luis Cantarell José Lopez Laurent Freixe Chris Johnson Patrice Bula Nandu Nandkishore Wan Ling Martello Stefan Catsicas Marco Settembri Peter Vogt Martial Rolland 4 13 February, 2014 Full-Year Results Conference David Frick
  5. 5. Full -Year Results Conference
  6. 6. Full -Year Results Conference Wan Ling Martello Chief Financial Officer
  7. 7. 2013 Highlights Sales CHF 92.2 bn +4.6% OG +3.1% RIG Trading Operating Profit & Margin CHF 14.0 bn 15.2%, +20 bps +40 bps in constant currencies Operating Cash Flow CHF 15.0 bn Underlying EPS in constant currencies +11.0% 7 February 13th, 2014 Nestlé Full Year Results 2013
  8. 8. Trading Operating Profit Margin +10 -60 +70 +40 -40 TOP 15.2% +20 bps TOP +100 15.0% Trading operating profit margin +40 bps in constant currency Consumer facing marketing +16.3% in constant currency FY 2012 COGS Distribution Marketing TOP = Trading Operating Profit 8 February 13th, 2014 Nestlé Full Year Results 2013 Admin. Net Other Trading Expense FY 2013
  9. 9. Income Statement As % of sales Full Year 2012 Full Year 2013 Difference in basis points/% (rounded) Trading operating profit 15.0 15.2 +20 Net other operating income/expense (0.1) (1.0) -90 Operating profit 14.9 14.2 -70 Net financial income/expense (0.8) (0.7) 10 Profit before taxes and associates 14.1 13.5 -60 Taxes (3.6) (3.5) 10 1.4 1.3 -10 11.9 11.3 -60 0.5 0.4 -10 11.4 10.9 -50 Share of results of associates and joint ventures Profit for the year Attributable to non-controlling interests Attributable to shareholders of the parent Underlying EPS (CHF) constant currencies 9 February 13th, 2014 Nestlé Full Year Results 2013 +11.0%
  10. 10. Operating Cash Flow and Working Capital 15.7 bn Operating cash flow 2.0 bn Another decrease in Working Capital 2012 10 February 13th, 2014 Nestlé Full Year Results 2013 15.0 bn 1.4 bn 2013
  11. 11. Regional Growth % RIG % OG 7.4 Emerging Markets 5.1 + 9.3% OG 5.9 2.1 1.9 Developed Markets 0.8 Americas Europe Asia, Oceania & Africa 40.0 25.5 26.7 Sales CHF bn rounded 11 February 13th, 2014 Nestlé Full Year Results 2013 +1.0% OG
  12. 12. Operating Segments Growth % RIG % OG 8.2 5.6 5.3 5.4 2.0 4.8 2.2 0.8 4.5 4.4 2.0 1.7 Zone Americas Sales Zone Europe Zone Asia, Oceania & Africa Nestlé Waters Nestlé Nutrition Other 28.4 15.6 18.9 7.2 9.8 12.3 CHF bn rounded 12 February 13th, 2014 Nestlé Full Year Results 2013
  13. 13. Zone Americas % RIG % OG 5.3 1.7 13 February 13th, 2014 Nestlé Full Year Results 2013
  14. 14. Zone Europe % RIG % OG 2.2 0.8 14 February 13th, 2014 Nestlé Full Year Results 2013
  15. 15. Zone Asia, Oceania and Africa % RIG % OG 5.6 4.8 15 February 13th, 2014 Nestlé Full Year Results 2013
  16. 16. Nestlé Waters % RIG % OG 2.0 2.0 16 February 13th, 2014 Nestlé Full Year Results 2013
  17. 17. Nestlé Nutrition % RIG % OG 8.2 4.5 17 February 13th, 2014 Nestlé Full Year Results 2013
  18. 18. Other % RIG % OG 5.4 4.4 18 February 13th, 2014 Nestlé Full Year Results 2013
  19. 19. Operating Segments Margin Evolution FY 2012 TOP% FY 2013 TOP% -50 bps 18.2 +80 bps -10 bps 20.0 18.9 +20 bps 17.7 -40 bps 15.0 +50 bps 9.4 Zone Europe Zone Americas TOP = Trading Operating Profit 19 February 13th, 2014 Nestlé Full Year Results 2013 Zone Asia, Oceania & Africa Nestlé Waters Nestlé Nutrition Other
  20. 20. Product Groups Growth % RIG % OG 6.8 5.8 5.0 4.6 4.6 4.4 2.9 2.9 0.0 Powdered & Liquid Beverages 20.5 Sales Milk Products & Ice Cream 17.4 CHF bn rounded 20 February 13th, 2014 Nestlé Full Year Results 2013 0.3 Prepared Dishes & Cooking Aids 14.2 Confectionery PetCare 10.3 11.2
  21. 21. Product Groups Margin Evolution FY 2012 TOP% FY 2013 TOP% +70 bps 22.7 -60 bps -40 bps 15.2 -100 bps -90 bps 19.2 15.9 13.2 Powdered & Liquid Beverages Milk Products & Ice Cream TOP = Trading Operating Profit 21 February 13th, 2014 Nestlé Full Year Results 2013 Prepared Dishes & Cooking Aids Confectionery PetCare
  22. 22. 2013 Full Year Summary   Increased brand support globally  Discipline in portfolio and cash management  Improved margins  Increased underlying EPS in constant currency  22 Grew in all businesses and regions Proposed dividend increase to CHF 2.15 per share February 13th, 2014 Nestlé Full Year Results 2013
  23. 23. Full -Year Results Conference Paul Bulcke Nestlé CEO
  24. 24. Driving our performance Roadmap 24 13 February, 2014 Priorities Full-Year Results Conference Focus areas
  25. 25. Nutrition, Health and Wellness 25 13 February, 2014 Full-Year Results Conference
  26. 26. Nutrition, Health and Wellness Innovation and renovation Policies 26 13 February, 2014 Full-Year Results Conference Fortification
  27. 27. Nutrition, Health and Wellness 27 13 February, 2014 Full-Year Results Conference
  28. 28. Premiumisation 28 13 February, 2014 Full-Year Results Conference
  29. 29. Unmatched product and brand portfolio 29 13 February, 2014 Full-Year Results Conference
  30. 30. R&D and Innovation to strengthen our portfolio 30 13 February, 2014 Full-Year Results Conference
  31. 31. Acquisitions M&A to strengthen our portfolio 2010 2011 2010 Divestitures 31 13 February, 2014 Full-Year Results Conference 2012 2012 2013 2013 2014
  32. 32. A strong global footprint Factories 32 13 February, 2014 Full-Year Results Conference R&D Illustrative
  33. 33. Growing in developed and emerging markets Developed Emerging 40.8 bn 44% +9.3% Sales (CHF) % of Group Sales Organic Growth 51.4 bn 56% +1.0% * Each region includes Zones, Nestlé Waters, Nestlé Nutrition, Nestlé Professional, Nespresso, NHSc and JVs; OG = Organic Growth, RIG = Real Internal growth 33 13 February, 2014 Full-Year Results Conference
  34. 34. Driving our performance Roadmap Priorities Focus areas Expanding the boundaries of nutrition Nestlé Health Science Expanding the boundaries of health & wellness Nestlé Skin Health Galderma 34 13 February, 2014 Full-Year Results Conference
  35. 35. Average annual Organic Growth over last 10 years: 6.1% Average annual Margin improvement over last 10 years: +30 bps Delivering the Nestlé Model 6% 5% Organic Growth Margin* * Data corresponds to published figures (EBIT until 2010 and Trading Operating Profit since 2011) 35 13 February, 2014 Full-Year Results Conference
  36. 36. 36 13 February, 2014 Full-Year Results Conference
  37. 37. Appendix 37 February 13th, 2014 Nestlé Full Year Results 2013
  38. 38. Net Debt 2013 + 0.1 CHF bn -6.6 + + 10.5 - 0.2 - 0.4 -10.9 - 18.1 -14.7 Net debt January 1st* 38 February 13th, 2014 Treasury shares (net) Acquisition net of disposals (incl. Minority) Nestlé Full Year Results 2013 Dividends (incl. WHT) Exchange rates & other Free Cash Flow Net debt December 31st
  39. 39. Europe Asia, Oceania & Africa Sales 40 bn (CHF) 26.1 bn 26.1 bn OG +5.1% +0.8% +7.4% RIG +2.1% +1.9% +5.9% Americas Each region includes Zones, Nestlé Waters, Nestlé Nutrition, Nestlé Professional, Nespresso, NHSc ; OG = Organic Growth, RIG = Real Internal growth 39 February 13th, 2014 Nestlé Full Year Results 2013
  40. 40. Emerging % of Group Sales OG 40 February 13th, 2014 Nestlé Full Year Results 2013 40.8 bn 51.4 bn 44% 56% +9.3% Sales (CHF) Developed +1.0%
  41. 41. Translational Impact of Swiss Franc Weighted Average Exchange Rates CHF per (%) 0.94 0.93 -1.2 Euro (1) 1.21 1.23 +2.1 £ Sterling (1) 1.49 1.45 -2.5 Real (100) 47.96 42.99 -10.4 Mex. Peso (100) 7.14 7.26 +1.8 Yen (100) February 13th, 2014 FY 2013 US Dollar (1) 41 FY 2012 1.17 0.94 -19.2 Nestlé Full Year Results 2013
  42. 42. FX Impact on All Businesses (%) 9m 2013 FY13 -2.6 -2.4 -4.4 -5.9 Zone Europe +1.2 +1.3 +0.9 +0.5 Zone AOA -1.0 -1.4 -3.7 -5.0 Nestlé Waters +0.9 +0.8 -0.4 -1.2 Nestlé Nutrition -1.9 -1.8 -3.9 -5.5 Other +0.2 +0.3 -1.0 -1.7 Total February 13th, 2014 HY13 Zone Americas 42 1Q13 -0.9 -0.9 -2.5 -3.7 Nestlé Full Year Results 2013

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