Coca-cola Icecek A.s. · BIST:CCOLA
Coca-cola Icecek A.s — Q1 2013 Earnings Presentation
14 slides from Coca-cola Icecek A.s's earnings presentation, May 9, 2013
Slide 1: 1Q13 Results
1Q13 Results May 9, 2013 Istanbul Damian Paul Gammell CEO
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation includes forward-looking statements including, but not limited to, statements regarding Coca-Cola İçecek’s (“CCI”) plans, objectives, expectations and intentions and other statements that are not historical facts. Forward- looking statements can generally
Slide 3: 1Q13 Review
1Q13 Review Double digit volume and revenue growth Net revenue per case up 4% Favorable cost environment Improved operating margins 2
Slide 4: Volume up by 19.9% in 1Q13 - Proforma
Volume up by 19.9% in 1Q13 - Proforma Turkey Volume International Volume Consolidated Volume (Unit cases in millions) (Unit cases in millions) (Unit cases in millions) 108.0 116.1 197.7 165.0 81.7 57.0 1Q12 1Q13 1Q12 1Q13 1Q12 1Q13 3
Slide 5: 1Q13 Sales Volume Breakdown - Proforma
1Q13 Sales Volume Breakdown - Proforma Volume split (uc) - Geography Volume split (uc) – Consolidated Tea 11% Still Turkey 22% 59% Int. 41% Sparkling 67% 4
Slide 6: Product introductions - Turkey
Product introductions Turkey Coca-Cola, Coca-Cola Light, Coca-Cola Zero, Fanta, Sprite, Can 250 ml Strong sparkling category growth Cappy Pulpy Coke Zero re-launch Lemonade, 1lt Coca-Cola Zero 1.75lt Sprite 1.5lt New launches addressing Promotions IC consumption 5
Slide 7: Product introductions - International Operations
Product introductions International Operations Jordan Central Asia Kazakhstan Coca-Cola Can 355 ml Bonaqua Pet 500ml,1 L,1.5L +%37% Azerbaijan +27% Iraq Promotions +215% Pakistan +17% 6
Slide 8: Net sales up by 24.5% in 1Q13 - Proforma
Net sales up by 24.5% in 1Q13 - Proforma Turkey Net Sales International Net Sales Consolidated Net Sales (TL in millions) (US$ in millions) (TL in millions) 917.3 553.2 205.0 476.6 736.6 146.6 1Q12 1Q13 1Q12 1Q13 1Q12 1Q13 7
Slide 9: EBITDA (Excl. other) up by 55.4% in 1Q13 - Proforma
EBITDA (Excl. other) up by 55.4% in 1Q13 - Proforma Turkey TurkeyEBITDA EBITDA International EBITDA Consolidated EBITDA (TL in millions) (US$ in millions) (TL in millions) 13.6% * 12.5% 13.2% * 13.9% 11.1% * 4.1% 127.1 27.1 75.4 59.7 81.8 5.9 1Q12 1Q13 1Q12 1Q13 1Q12 1Q13 *EBITDA Margin 8
Slide 10: Financial Expenses - Proforma
Financial Expenses - Proforma 1Q13 1Q12 Interest income 9.1 7.9 Interest expense (-) (19.5) (16.0) Foreign exchange gain / (loss) 1.0 (23.1) Unrealized FX gain / (loss) - Borrowings (12.1) 60.7 Gain / (loss) on derivative transactions (0) (0) Financial Income / (Expense) Net (21.7) 29.5 9
Slide 11: Debt Structure - Proforma
Debt Structure - Proforma 1Q13 FY12 Change% USD denominated* 871 852 2% EURO denominated* 46 51 -7% TL denominated 34 35 -4% Other (in USD terms) 87 84 4% Total Financial Debt in TL 1,875 1,822 3% Total Cash & Equivalent in TL 512 608 (16%) Net Debt in TL 1,363 1,215 12% Net Debt in US$ 754 681 11%
Slide 12: Recent Developments
Recent Developments CCI’s 2012 financial year Ordinary General Assembly will be held on May 28, 2013 Subject to the approval of the General Assembly, a gross dividend of TL 0.3150000 will be paid per 100 shares, representing TL 1 nominal value, starting from May 29, 2013 11
Slide 13: Closing Remarks
Closing Remarks
Slide 14: Thank you
Thank you