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1、ALAN JOPE&GRAEME PITKETHLY27 APR 2023Unilever Q1 2023 Trading StatementThis document may contain forward-looking statements,including forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995.Words such as will,aim,expects,anticipates,intends
2、,looks,believes,vision,or the negative of these terms and other similar expressions of future performance or results,and their negatives,are intended to identify such forward-looking statements.Forward-looking statements also include,but are not limited to,statements and information regarding the Un
3、ilever Groups(the Group)emissions reduction targets and other climate change related matters(including actions,potential impacts and risks associated therewith).These forward-looking statements are based upon current expectations and assumptions regarding anticipated developments and other factors a
4、ffecting the Group.They are not historical facts,nor are they guarantees of future performance or outcomes.Because these forward-looking statements involve risks and uncertainties,there are important factors that could cause actual results to differ materially from those expressed or implied by thes
5、e forward-looking statements.Among other risks and uncertainties,the material or principal factors which could cause actual results to differ materially are:Unilevers global brands not meeting consumer preferences;Unilevers ability to innovate and remain competitive;Unilevers investment choices in i
6、ts portfolio management;the effect of climate change on Unilevers business;Unilevers ability to find sustainable solutions to its plastic packaging;significant changes or deterioration in customer relationships;the recruitment and retention of talented employees;disruptions in our supply chain and d
7、istribution;increases or volatility in the cost of raw materials and commodities;the production of safe and high quality products;secure and reliable IT infrastructure;execution of acquisitions,divestitures and business transformation projects;economic,social and political risks and natural disaster
8、s;financial risks;failure to meet high and ethical standards;and managing regulatory,tax and legal matters.A number of these risks have increased as a result of the Russia/Ukraine war.These forward-looking statements speak only as of the date of this document.Except as required by any applicable law
9、 or regulation,the Group expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Groups expectations with regard thereto or any change in events,conditions or circumstances on which
10、 any such statement is based.Further details of potential risks and uncertainties affecting the Group are described in the Groups filings with the London Stock Exchange,Euronext Amsterdam and the US Securities and Exchange Commission,including in the Unilever Annual Report and Accounts 2022 and the
11、Annual Report on Form 20-F 2022.Safe harbour statement2ALAN JOPEUnilever Q1 2023 Trading StatementGood start to the year,growth driven by strategic priorities4Double-digit growth,broad-basedImproved volume performance,price growth remained elevated Growth driven by biggest brands and strong innovati
12、onExecuting well through new organisationImproved volume growth,price growth remained elevated 5Q1 growthPrice and volumeCompetitiveness10.5%Underlying sales growth10.7%(0.2)%UPGUVG8.3%11.2%12.5%13.3%10.7%(1.0)%(2.1)%(1.6)%(3.6)%(0.2)%Q122Q222Q322Q422Q123UPGUVG48%Business Winning MAT11Moving Annual
13、Total/Last 52 weeksContinued progress in line with strategic priorities614 1bn+brands 54%of turnover 12%Q1 USGNine quarters of double-digit growth for Prestige and Health&WellbeingSuave exit15%dCom%TO15%dCom Q1 USGWin with brands and innovationMove portfolio into high growth spaces11.3%8.0%1.8%Q1 US
14、G11.7%EmergingmarketsAccelerate USA,India,China and EMsLead in channels of the future7Future-fit organisation enabling disciplined executionBeauty&WellbeingPersonal CareHome CareNutritionIce CreamUnilever Corporate CentreUnilever Business OperationsSpeed of SKUrationalisationReset of business models
15、Business Group-led procurementPrioritisation andspeed of execution8Innovation driving growth in our big brandsDoveBreakthrough nanotechnology moisturisationOmoWinning formula in plastic-free packagingRexonaSuperior market-leading technologyMagnumContinued premiumisation and indulgenceClearPremium ra
16、nge with proven active DynoxidilHellmannsExtension into fast-growing intense flavour segmentGRAEME PITKETHLYUnilever Q1 2023 Trading Statement(0.2)%10.7%7.3%8.8%10.6%9.2%10.5%Q122Q222Q322Q422Q123Underlying sales growth10UPGUSGUVG10.7%UPG(0.2)%UVG10.5%USGFirst Quarter Price growth remained elevated I
17、mproved volume performance Continued broad-based growth across all Business Groups2.6%6.5%7.4%9.5%6.7%7.7%9.3%Q122Q222Q322Q422Q12311Beauty&Wellbeing6.5%UPG2.6%UVG9.3%USGUPGUSGUVG Prestige Beauty and Health&Wellbeing continued to grow double-digit Hair Care grew high single-digit driven by Sunsilk,TR
18、ESemm,Clear,and Nexxus Core Skin Care grew mid single-digit driven by South Asia and SEA,partially offset by decline in North Asia129.4%UPG3.0%UVG12.7%USGPersonal Care Deodorants volume grew double-digit,helped by recovery in service levels and associated pipeline refill Skin Cleansing performed wel
19、l driven by Latin America and South AsiaUPGUSGUVG3.0%9.4%6.8%6.7%8.9%9.1%12.7%Q122Q222Q322Q422Q12313Home Care13.4%UPG(2.8)%UVG10.2%USG Fabric Cleaning grew double-digit with capsules and liquids benefitting from premiumisation Fabric Enhancers grew high single-digit,with Comfort performing well in L
20、atin America and Turkey Home&Hygiene growth stepped up to mid single-digit,supported by good growth from DomestosUPGUSGUVG(2.8)%13.4%9.2%12.2%13.6%12.3%10.2%Q122Q222Q322Q422Q12314Nutrition Dressings delivered another quarter of strong price-driven growth and positive volume,led by Hellmanns Unilever
21、 Food Solutions grew double-digit with China recovering throughout the quarter13.4%UPG(1.3)%UVG11.9%USGUPGUSGUVG(1.3)%13.4%6.2%7.0%11.8%10.1%11.9%Q122Q222Q322Q422Q12315Ice CreamUPGUSGUVG Out-of-home grew double-digit through price and volume,continuing to show low price elasticity In-home grew low s
22、ingle-digit and volumes declined,impacted by private label10.5%UPG(4.1)%UVG6.0%USG(4.1)%10.5%7.1%9.5%13.2%2.9%6.0%Q122Q222Q322Q422Q1230.3%9.5%9.1%9.0%12.5%10.7%9.9%Q122Q222Q322Q422Q123(3.0)%12.6%0.7%4.6%5.4%5.5%9.2%Q122Q222Q322Q422Q1230.9%7.2%8.5%8.9%8.3%5.7%8.1%Q122Q222Q322Q422Q123Regional growth b
23、y quarter Asia Pacific Africa7bn TOLatin America2bn TONorth America3bn TOEurope3bn TOUVGUPGUSG160.2%18.4%9.8%16.8%17.6%15.0%18.7%Q122Q222Q322Q422Q123UVGUPGUSG+7.0%USG 10.5%A&D(2.8)%13.8bn(0.2)%10.7%0.7%(3.5)%14.8bn(0.4)%17Q1 2023:Turnover growth*Currency includes both exchange rates changes impact o
24、f(2.1)%and extreme price growth in hyperinflationary markets impact of 1.8%.Underlying sales growth at least at the upper end of our multi-year range of 3 5%Improved volume performance compared to 2022Underlying operating margin(UOM)in H1 will be at least 16%Modest improvement in UOM for the full yearIncreased levels of investment in BMI,R&D and Capex 2023 outlook:growth remains the priorityMaintain cost and savings disciplineContinue growth momentum in new operating modelGuidancePriorities18Invest for growthQ&A