1. June 2012 A Service Health & Beauty Overview By Denise Klug Associate Analyst

2. 2 Health & Beauty Overview Denise Klug Associate Analyst Denise.klug@4C.planetretail.net This presentation evaluates the performance of the leading global health and beauty specialist retailers, examines the Top 10 trends that are impacting the sector and assesses the opportunities and challenges for stakeholders. All images ©Planet Retail Ltd unless otherwise stated. With contributions from Matthew Stych, Research Director

3. 3 Contents 1.Sector overview 2.10 Key Trends 3.Summary

4. 4 Sector Overview

5. 5 Leading health and beauty care (HBC) specialists relatively unscathed by downturn. AS Watson and Alliance Boots lead the charge into faster growth emerging markets. X Sector Overview1 Source: Planet Retail Global: Top 10 HBC Retailers’ Banner Sales, 2006-2011 (USD bn) 8.3% 8.2% 8.3% 7.9% 2.7% 19.2% 9.1% 13.3% 2.8% -2.0% 5-yr CAGR