Morgan Stanley Global Consumer Conference 2004 - Unilever
Morgan Stanley Global Consumer Conference 2004 - Unilever
Morgan Stanley Global Consumer Conference 2004 - Unilever
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Focus on categories and brands -<br />
Portfolio strengthened by acquisitions<br />
1993 Breyers, Breyers,<br />
Klondike<br />
Leadership in Ice Cream<br />
1996 Helene Curtis<br />
Critical mass in Hair Care & Deo.<br />
2000 Slim.Fast<br />
Leadership in Weight Management<br />
2000 Ben & Jerry’s<br />
Adding Premium Ice Cream<br />
2000 Bestfoods<br />
Scale in Foods, leadership in Dressings, strong<br />
Foodsolutions<br />
Acquisitions targeted to strengthen <strong>Unilever</strong> categories or bring<br />
capabilities in fast growing adjacent categories<br />
Most recently and by far the largest is Bestfoods.<br />
Bestfoods transformed our Foods presence in North America and<br />
globally.<br />
With half year results reviewed Bestfoods progress and confirmed<br />
meeting targets set out:<br />
• Cost synergy > € 1 billion<br />
• Foods momentum growth rate up by over 100 bps<br />
• Cash earnings accretive in year 1<br />
• ROIC / WACC cross-over achieved in 4th full year (mid <strong>2004</strong>)<br />
• Bestfoods brands accretive to <strong>Unilever</strong> Foods growth<br />
• Debt paydown on plan<br />
Bestfoods brands have grown by 3-4% on average since 2001.<br />
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