Unilever Investor Conference Presentation Deck slide image

Unilever Investor Conference Presentation Deck

Unilever Underlying operating margin drivers (0.4)% (0.4)% Gross margin (0.3)% COVID mix impact COVID on cost H12020 +0.5% Other GM ā— +1.0% Brand & marketing investment (0.2)% Overheads Gross margin (0.9)% (0.4)% COVID mix impact H2 2020 (0.5)% COVID on cost +0.0% Other GM Mix: Q1 headwind, outlook depends on COVID recovery COVID on-cost: lapping Q2, eases with COVID recovery BMI: investment spread more evenly throughout 2021 Commodity costs & FX: headwind to continue into H1 (1.0)% +0.1% Brand & Overheads marketing investment 33
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