Trian Partners Activist Presentation Deck
Organic Sales Growth Has Underperformed Peers
P&G's organic sales growth has deteriorated over time...
Organic Sales Growth CAGR (FY 2011 - FY 2017): 2.3%
4%
2006-2011
CAGR
6.3%
Unilever
(ex-Food)
4.9%
COLGATE-PALMOLIVE
3%
(ex-Pet
Nutrition)
2012
4.3%
Beiersdorf
(Consumer)
3%
2013
And has significantly underperformed the peer group since 2011
4.2%
Reckitt
Benckiser
3.7%
3%
Organic Sales Growth CAGR (FY 2011 – FY 2017):
(Henkel)
2014
(ex-Adhesive)
3.6%
DWIG
HURCH&
CO
2%
INC
2015
3.5%
3.5%
1%
L'ORÉAL Kimberly-Clark
(Consumer
(ex-
Products) Professional)
2016
3.4%
CLOROX
Source: SEC filings and annual reports.
Note: Clorox figures exclude M&A based on Trian's estimates. Reckitt Benckiser and Beiersdorf 2017 figures exclude one-time impacts as disclosed by the companies.
Peer Avg: 3.7%
2.3%
2%
P&G
2017
(0.2%)
PERSONAL CARE
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