Unilever (NYSE:UL) 2025 Earnings Call Presentation

Company Strategy and Performance - The Magnum Ice Cream Company (TMICC) is planning to complete its listing by mid-November 2025[2] - TMICC aims for average annual organic sales growth (OSG) of 3-5% from 2026 onwards[128, 412] - The company is implementing a €500 million productivity program to fuel growth and margin expansion[132, 421] - TMICC is targeting an average annual Adjusted EBITDA margin improvement of 40-60bps from 2026 onwards[384, 463] - The company projects free cash flow (FCF) of €08 billion – €1 billion in 2028 and 2029[384, 463] Market Overview - The global ice cream market is large, growing, and resilient, with a total market size of approximately €75 billion in 2024[17, 20] - The ice cream market is expected to continue to grow at approximately 3-4% per annum[20] - Digital Commerce (dCom) is growing at approximately 9% CAGR from 2024-2029[39] Regional Performance - In the Americas, TMICC is the 1 ice cream company with approximately €3 billion in 2024 revenue[58, 195] - In Europe & ANZ, TMICC has approximately €31 billion in 2024 revenue and approximately 31% market share[58, 278] - AMEA is the fastest-growing and most profitable region for TMICC, with approximately €2 billion in revenue and 11% market share[58, 348, 349] Financials - TMICC's revenue was EUR 79 billion and Adjusted EBITDA was EUR 13 billion in FY24[55] - TMICC's global retail market share is 21%[55]