Henkel Henkel Annual Results Annual Results Press Conference Press Conference Kasper Rorsted Kasper Rorsted Carsten Knobel Carsten Knobel Kathrin Menges Kathrin Menges Düsseldorf Düsseldorf March 4, 2015 March 4, 2015
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 the future are characterized by the use of words such as “expect”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, and similar terms. Such statements are not to be understood as in any way guaranteeing that those expectations will turn out to be accurate. Future performance and results actually achieved by Henkel AG & Co. KGaA and its affiliated companies depend on a number of risks and uncertainties and may therefore differ materially from the forward-looking statements. Many of these factors are outside Henkel's control and cannot be accurately estimated in advance, such as the future economic environment and the actions of competitors and others involved in the marketplace. Henkel neither plans nor undertakes to update any forward-looking statements. 2 March 4, 2015 Annual Results Press Conference
Agenda 1 Key developments 2014 Key developments 2014 2 Strategy 2016 – progress in 2014 Strategy 2016 – progress in 2014 3 Financials FY 2014 & excellence in value creation Financials FY 2014 & excellence in value creation 4 Sustainability as success factor Sustainability as success factor 5 Summary & outlook FY 2015 Summary & outlook FY 2015 3 March 4, 2015 Annual Results Press Conference
FY 2014: Robust performance in a challenging, volatile environment OSG OSG Adj. EBIT margin Adj. EBIT margin Adj. EPS growth Adj. EPS growth +3.4% +3.4% 15.8% 15.8% +7.6% +7.6% Free Cash Flow Free Cash Flow Div. payout ratio* Div. payout ratio* Acquisitions Acquisitions € 1.3 bn € 1.3 bn € 1.8 bn € 1.8 bn 30% 30% * Proposal to shareholders for the Annual General Meeting on April 13 th , 2015. 4 March 4, 2015 Annual Results Press Conference
Delivering on 2014 key financial indicators Guidance FY 2014 FY 2014 Organic sales growth 3 - 5% 3.4% Emerging Markets sales share Slight increase At prior-year level Adjusted EBIT margin Just under 16.0% 15.8% Adjusted EPS growth High single digits 7.6% 5 March 4, 2015 Annual Results Press Conference
Continued profitable growth in all business units • Consistent execution of 2016 strategy • Consistent execution of 2016 strategy • High-quality acquisitions strengthening our market positions • High-quality acquisitions strengthening our market positions • Solid organic sales growth driven by all businesses • Solid organic sales growth driven by all businesses • Continued very strong organic sales growth in Emerging Markets • Continued very strong organic sales growth in Emerging Markets • Adj. EBIT margin at all-time high driven by all businesses • Adj. EBIT margin at all-time high driven by all businesses • Adj. EPS growth in the high single digits • Adj. EPS growth in the high single digits • Further increase in dividend, payout ratio at 30%* • Further increase in dividend, payout ratio at 30%* * Proposal to shareholders for the Annual General Meeting on April 13 th , 2015. 6 March 4, 2015 Annual Results Press Conference
Highly challenging & increasingly volatile environment • Pressure from FX headwind, especially in first half 2014 • Pressure from FX headwind, especially in first half 2014 • Severe geo-political and social unrest in some countries • Severe geo-political and social unrest in some countries • Eastern European economies affected by Russian/Ukrainian crisis • Eastern European economies affected by Russian/Ukrainian crisis • Further intensified price & promotion pressure in HPC markets • Further intensified price & promotion pressure in HPC markets • North America below expectations • North America below expectations 7 March 4, 2015 Annual Results Press Conference
Laundry & Home Care Solid OSG & very strong adj. EBIT margin improvement in 2014 Sales Sales Return Return • • • • Solid OSG Solid OSG Adj. EBIT margin showing Adj. EBIT margin showing very strong increase very strong increase • • Laundry solid, Laundry solid, • • Home Care very strong Home Care very strong ROCE below level of ROCE below level of previous year previous year • • Mature Markets: Mature Markets: - Western Europe solid - Western Europe solid 16.2% 15.6% 14.5% - North America negative - North America negative 13.2% 13.0% 12.8% 10.8% 4,626 • • 4,556 4,580 Emerging Markets double- Emerging Markets double- 4,319 4,304 4,172 4,129 digit digit 3.8% 2.9% 1.5% 2.9% 4.7% 5.7% 4.6% 2008 2009 2010 2011 2012 2013 2014 Adj. EBIT margin Sales in m€ OSG in % 8 March 4, 2015 Annual Results Press Conference
Laundry & Home Care Strengthening innovation leadership across categories Persil Duo-Caps Persil Duo-Caps Vernel Soft & Oils Vernel Soft & Oils Pril Kraft-Gel Pril Kraft-Gel • Innovative transparent formula • Innovative transparent formula • New and improved concentrated • New and improved concentrated • • Powerful formula with new Powerful formula with new with precious essential oils with precious essential oils brightness+ formula brightness+ formula enzyme technology enzyme technology • Perfect cleanliness already at • Perfect cleanliness already at • • • Exceptional freshness & care, • Exceptional freshness & care, Strong against grease & Strong against grease & 20°C & improved color protection 20°C & improved color protection starch-crusts starch-crusts further improved softness further improved softness 9 March 4, 2015 Annual Results Press Conference
Beauty Care Solid OSG & solid adj. EBIT margin improvement in 2014 Sales Sales Return Return • • • • Solid OSG Solid OSG Adj. EBIT margin showing Adj. EBIT margin showing solid increase solid increase • • Retail solid, Retail solid, • • Hair Salon negative Hair Salon negative ROCE below level of ROCE below level of previous year previous year • • Mature Markets: Mature Markets: - Western Europe positive - Western Europe positive 15.3% 15.0% - North America negative - North America negative 14.5% 14.2% 13.3% 12.9% 12.6% • • Emerging Markets strong Emerging Markets strong 3,542 3,510 3,547 3,399 3,269 3,016 3,010 4.7% 3.5% 4.8% 5.4% 3.1% 3.0% 2.0% 2008 2009 2010 2011 2012 2013 2014 Adj. EBIT margin Sales in m€ OSG in % 10 March 4, 2015 Annual Results Press Conference
Beauty Care Strengthening innovation leadership across categories Schwarzkopf Essence Ultîme Schwarzkopf Essence Ultîme Schwarzkopf Bonacure Schwarzkopf Bonacure Diadermine N˚110 Diadermine N˚110 • 1 st anti-age line with 110 drops of • 1 st anti-age line with 110 drops of • 1 st Professional Hair Care with • • 1st celebrity co-created hair 1st celebrity co-created hair brand in retail brand in retail elixir activating 11 signs of youth elixir activating 11 signs of youth patented Cell Perfector Technology • • • Celebration of 110 years of • Celebration of 110 years of • Replenishes damaged hair cells High-performance formulas with High-performance formulas with luxurious pearl essence luxurious pearl essence dermatological expertise dermatological expertise for 100% strength & resilience 11 March 4, 2015 Annual Results Press Conference
Adhesive Technologies Solid OSG & solid adj. EBIT margin improvement in 2014 Sales Sales Return Return • • • • Solid OSG, all Solid OSG, all Adj. EBIT margin showing Adj. EBIT margin showing businesses growing businesses growing solid increase solid increase • • • • Mature Markets: Mature Markets: ROCE further increased ROCE further increased - Western Europe positive - Western Europe positive - North America negative - North America negative 17.2% 16.9% 15.1% 13.9% 12.8% • • Emerging Markets strong Emerging Markets strong 10.1% 8.1% 8,256 8,117 8,127 7,746 7,306 6,700 6,224 1.3% -10.2% 11.8% 8.3% 3.6% 2.7% 3.7% 2008 2009 2010 2011 2012 2013 2014 Adj. EBIT margin Sales in m€ OSG in % 12 March 4, 2015 Annual Results Press Conference
Adhesive Technologies Fostering technology leadership with strong innovations Magnesium Coating Magnesium Coating Acoustic Solutions Acoustic Solutions Hybrid Adhesive Hybrid Adhesive • 1 st technology combining • Electro-ceramic coating against • Electro-ceramic coating against • Acoustic solutions using • Acoustic solutions using structural & instant bonding corrosion, friction & wear corrosion, friction & wear renewable raw materials renewable raw materials • New industrial applications incl. • Weight reduction & efficiency • Weight reduction & efficiency • 30% less weight than synthetic • 30% less weight than synthetic metal, plastics and rubber improvements improvements sound-damping products sound-damping products 13 March 4, 2015 Annual Results Press Conference
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