Unilever : Q1 2021 trading statementPDF | 3MB

Unilever Q1 2021 Trading Statement

Alan Jope & Graeme Pitkethly

29th April 2021

Safe harbour statement

This presentation may contain forward-looking statements, including 'forward-looking statements' within the meaning ofthe United States Private Securities Litigation ReformAct of 1995.Words such as 'will', 'aim', 'expects', 'anticipates', 'intends', 'looks', 'believes', 'vision', or the negative ofthese terms and other similar expressions of future performance or results,and their negatives, are intended to identify such forward-looking statements. Theseforward-looking statements are based upon current expectations and assumptions regarding anticipated developments and other factors affecting the Unilever Group (the 'Group'). They are not historical facts,nor are they guarantees of future performance.

Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause actualresults to differ materially from those expressedor implied by these forward-lookingstatements. Among other risks and uncertainties, the material or principalfactorswhich couldcauseactual results to differ materiallyare: Unilever's global brands not meetingconsumer preferences; Unilever's abilityto innovate and remain competitive; Unilever's investment choices in its portfoliomanagement; the effect of climate change on Unilever's business; Unilever's ability to find sustainablesolutions to its plastic packaging; significant changes or deterioration in customer relationships; the recruitment and retention of talentedemployees; disruptions in our supply chain and distribution; increases or volatility in the cost of raw materials and commodities; the production of safeand high quality products; secure and reliable IT infrastructure; execution of acquisitions,divestitures and business transformation projects; economic,social and politicalrisks and natural disasters; 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 current Covid-19 pandemic.

These forward-lookingstatements speak only as of the date of this document. Except as required by any applicable lawor regulation, the Group expressly disclaims any obligation or undertaking to release publiclyany updates or revisions to any forward-lookingstatements contained herein to reflect any changein the Group's expectations with regardthereto or any changein events, conditions or circumstances on which any such statement is based.

Further details of potential risks and uncertainties affecting the Group are described in the Group's filings with the LondonStock Exchange, Euronext Amsterdam and the US Securities and ExchangeCommission, including in the Unilever Annual Report and Accounts 2020.

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Alan Jope

Unilever Q1 2021 Trading Statement

29th April 2021

Strong start to the year

Operational	Competitiveness	Growth
excellence

Penetration

Underlying Sales Growth

Innovation	57%	5.7%
Design for channel	% Business Winning MAT
4.7%
Brand purpose
		Underlying Volume Growth
Fuel for growth

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Strategic change agenda

Prestige Beauty &

Functional

Nutrition

• Prestige Beauty returned to strong growth
• Functional nutrition on track for >€1bn turnover, with all 7 brands growing strongly

Tea

• Operational separation progressing well and expected to complete this year
• New external CEO to lead this business into next phase

Elida Beauty

• Separation is underway of smaller BPC brands including Q-Tips, Caress, TIGI, Timotei, Impulse and Monsavon
• Revenues of €0.6bn in 2020
• Dedicated management focus

€3bn share

buyback

• Share buyback programme commencing in May of up to €3bn, to be completed by the end of the year
• Reflects our strong free cash flow delivery and balance sheet position

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