Third Point Management Activist Presentation Deck
FINANCIAL TARGETS A HELPFUL START, THOUGH
LESS AMBITIOUS THAN UNILEVER'S TARGETS
Unilever
Unilever set bolder margin target and
is making faster progress to achieve it...
Nestlē 16.0%
2016 Base
THIRD POINT
16.4%
Nestle
2017 Actual
+50bps
+110bps
2020 Target
18.0%
(+200bps)
20.0%
(+360bps)
6%
4%
2%
0%
...while also delivering and targeting
stronger organic sales growth than Nestlé
Organic sales, % growth
2.4%
3.1%
2017 Reported
Nestlé
3.0%
Unilever
4.0%
2018 Guidance
Note: Historical financials updated for restatements where applicable. Nestlé 2020 margin target based on midpoint of 17.5-18.5% range; 2018 organic sales based on
midpoint of company guidance (Nestlé targeting 2-4%, Unilever targeting 3-5%). Source: Third Point LLC; Nestlé and Unilever company materials
13View entire presentation