HPC

Question 1

Kimberly Clark

Answer 1

2016 Sales/EBIT: $18.2bn / $4.1bn
HQ in Irving
Spun off healthcare as Halyard in Nov 2014 for $1.9bn

Personal Care (50%/52%): diapers, baby wipes, fem hygiene, incontinence - Huggies, Kotex, Depend
Consumer Tissue (33%/31%): facial and bathroom tissue, paper towels and napkins - Kleenex, Scott, Cottonelle
Professional (17%/17%): same products for pro use - Kleenex, Scott, KleenGuard

North America 51%, Asia/LatAm/Other 37%, Europe 12%

5 billion-dollar brands: Huggies, Kotex, Kleenex, Scott, Cottonelle

Thomas Falk (59, since 2002)/ Thomas Falk / Maria Henry (50, since 2015)

Question 2

PG

Answer 2

2016A Sales: $65.3bn, EBITDA $17.5bn

HQ Cincinnati, 105k employees

Announced focus on ~70-80 core brands in August
2014, sold Pet Food (incl Iams) to Mars
2014, sold Duracell to BH for $1.8bn
2015, sold 41 beauty brands to Coty for $12.5bn in Oct

18 billion-dollar brands
Fabric & Home Care (32%): Ariel, Downy, Gain, Tide, Dawn
Baby, Feminine & Family Care (29%): Pampers, Charmin, always, Bounty
Beauty (18%): Head & Shoulders, Pantene, Olay
Health Care (11%): Crest, Oral-B
Grooming (10%): Braun, Gillette, Mach3, Fusion

North America (44%), Europe (23%), APAC 9%, Greater China 8%, IMEA 8%, LatAm 8%

David Taylor (58, since 2015), David Taylor, Jon Moeller (52, since 2009)

Question 3

Unilever

Answer 3

Marijn Dekkers / Paul Polman / Michael Treschow

$50/share owls, 2.85bn shares novels, $143bn drama, net debt 13 time, pension 1.5 tile, NCI 14.0 tree, JVs -3.0 mass, EV ~170 ducks

NCI: India (67%) 9bn, Indonesia (85%) 3.5 bn, Nigeria Cote d’Ivoire Pakistan Ghana Carribean together <400m

Personal Care (38%/48%) - Dove, Rexona, Axe, Lux, Sunsilk
Foods (24%/31%) - Knorr Hellmann’s Blue Band
Home Care (19%/10%) - Omo, Surf
Refreshment (19%/11%) - Lipton, Magnum, Heartbrands

Question 4

Unilever acquisitions 2000-2016

Answer 4

2000 Best Foods, Slim Fast, Grupo Cressida, Ben and Jerry’s, Amora Maille
2006 Elais
2009 Sara Lee Personal Care, TIGI
2010 Alberto Culver
2011 Kalina, Colgate Columbia Laundry
2013 HUL Minorities, T2 Premium Tea
2014 Talenti
2015 GROM, Murad, Dermalogica, Kate Somerville, REN, Camay/Zest
2016 Dollar Shave Club, Blue Air, Seventh Generation

Question 5

Reckitt Benckiser + MJN

Answer 5

Adrian Bellamy, Rakesh Kapoor, Adrian Hennah

$16bn, $5bn

Europe 31%, North America 30%, DMs 39%

Hygiene 32% (bn Finish, Lysol), Health 26% (Nurofen Mucinex Durex, none bn), MJN 23% (bn Enfamil), Home 14% (Airwick bn), Food 3% (French’s, Frank’s RedHot, both not bn), Other 2%

Food biz ~$575m sales, $185m EBITDA