Luckin Coffee, Inc. · OTC:LKNCY
Luckin Coffee — Q1 2024 Earnings Presentation
15 slides from Luckin Coffee's earnings presentation, Apr 30, 2024
Slide 1: Luckin Coffee Earnings Presentation
luckin coffee LKNCY 202401 Earnings Presentation April 30, 2024
Slide 2: Disclaimer
DISCLAIMER This presentation contains certain financial measures that are not recognized under generally accepted accounting principles in the United States (“GAAP”), including non-GAAP operating income/(loss), non-GAAP net income/(loss), non-GAAP basic and diluted net income/(loss) per ADS. The pre
Slide 3: Business Update / Financial Highlights
BUSINESS UPDATE FINANCIAL HIGHLIGHTS luckin coffee | ii
Slide 4: Business Update
BUSINESS UPDATE luckin coffe
Slide 5: Robust revenue growth despite fierce competition
Robust revenue growth despite fierce competition Total net revenues RMB6.3 billion +41.5% YoY increase Store-level operating profit®)| GAAP operating (self-operated stores) income/(loss) 7.0% (1.0)% store-level profit margin” operating profit,/ (loss) margin RMB320.8 million RMB(65.1) million Averag
Slide 6: Record high store counts with more than 2,340 net new stores opened in 202401
Record high store counts with more than 2,340 net new stores opened in 202401 is} Footprint in China 6,391 Partnership stores 18,558 +) f % h | i if r me i ; Total stores” Luckinin SHANGHAI 12,167 Self-operated stores +2,340 Net new store openings” Footprint outside China 32 +2 Total stores* Net new
Slide 7: Continued product innovation to better serve our ever-enlarging customer base
Continued product innovation to better serve our ever-enlarging customer base 202401 new SKU launched (4 win cotter 7 - emsaOne po vibes WA tucincotee x IE 22 SKUs ¢ TmoMSer 10 #F SARSR HR = T2¢ 5%: Bho Paid mMene 202401 average monthly transacting customers” ~60 million : a UT] lial 202401 new tran
Slide 8: Sustainability throughout all stages of productions and operations
Sustainability throughout all stages of productions and operations Green Coffee Bean Processing Plant Luckin Coffee (Jiangsu) Roasting Plant Located in Baoshan, Yunnan Located in Kunshan, Jiangsu Capacity : 5,000 tons per year Capacity : 30,000 tons per year Water-efficient coffee cherry processing
Slide 9: Financial Highlights
FINANCIAL HIGHLIGHTS
Slide 10: 20,000 150.0% 20,000 165.0% 18,000 130.0% 18,000 16,000 110.0% 16,000 115.0% 14,000 90.0% 14,000
20,000 150.0% 20,000 165.0% 18,000 130.0% 18,000 16,000 110.0% 16,000 115.0% 14,000 90.0% 14,000 12,000 70.0% 12,000 10,000 50.0% 10,000 65.0% 8,000 30.0% 8,000 6,000 10.0% 6,000 15.0% 4,000 -10.0% 4,000 2,000 -30.0% 2,000 - -50.0% - -35.0% 25.0% 5,000 700.0% 1,450 4,500 1,250 20.0% 500.0% 4,000 1,0
Slide 11: Attracting more customers with increasing store penetration in China and overseas
Attracting more customers with increasing store penetration in China and overseas Average monthly transacting customers) Net new store openings’) Number of stores”) (in millon) m Self-operated stores m Self-operated stores m Partnership stores m Partnership stores 7 18,590 +2,975 +2,437 +2,342 +1154
Slide 12: Margin erosion resulting from seasonality and competition
Margin erosion resulting from seasonality and competition Operating profit/(loss) margin Store-level operating profit margin” (self-operated stores) 18.5% 192022 192023 192024 202401 202401 (1.0)%% Net profit/(loss) (1.3)% wey to margin 710 Fd { General & administrative expenses Sales & marketing ex
Slide 13: Healthy balance sheet to support further expansion and operations
Healthy balance sheet to support further expansion and operations ial i H RMB i Ez “ RMB 2 ,439.1 million RMB (264.4) million Full redemption of Senior Notes B in 202203. luckin coffee|is 1
Slide 14: Thank you !
Thank you !
Slide 15: Luck in hand
“LUCK IN HAND