Kofola Ceskoslovensko As · PSECZ:KOFOL
Kofola Ceskoslovensko As — FY2015 Earnings Presentation
31 slides from Kofola Ceskoslovensko As's earnings presentation, Mar 16, 2016
Slide 1: Kofola Československo 2015 results
Kofola Československo 2015 results 16 March 2016
Slide 2: GeskoSlovensko
© kofola GeskoSlovensko ¢ Kofola Group ® Results ® Markets, trends and strategy ® Profile and history e Shares and shares price ® Contact
Slide 3: Kofola group key highlights
Kofola group key highlights Kofola Group results 2015 | Investor presentation 3
Slide 4: Kofola group key highlights
Kofola group key highlights* Product revenue segments Revenue (CZK mn) 5% Profit for the period (CZK mn) 12% Carbonated 49% beverages 7 191 374 6 275 Non-carbonated 290 beverages 26% Waters 2014 2015 Syrups 2014 2015 8% Other Geographical revenue segments EBITDA (CZK mn) 2% Net debt/EBITDA 7% 37% 1
Slide 5: Kofola group key highlights
Kofola group key highlights Key financial data [mCZK] Segment revenues* 2015 % Carbonated beverages 3 513.7 49% Waters 1 854.5 26% Syrups 870.5 12% Non-carbonated beverages 559.9 8% Other 392.2 5% Total 7 190.8 100% EBITDA* 1 102.6 Total assets 8 491.0 Equity 2 870.2 Net debt 1 276.9 Net debt/EBITDA
Slide 6: Our main brands
Our main brands Kofola Group results 2015 | Investor presentation 6
Slide 7: New products in 2015
New products in 2015 Hoop Cola Coconut 2l limited edition Top Topic Orange + Raspberry 1.5l, 0.5l, KEG New interesting coconut taste for HOOP cola. Product is Popular Top Topic has new refreshing taste – orange available in PET bottles of 2.0l. and raspberry. The products are available in PET bottle
Slide 8: New products in 2015
New products in 2015 Arctic – new design Rajec Elderberry 1.5l, 0.75l New design of natural and flavoured Arctic water PET New taste flavoured water in PET. All Rajec products are bottles. now without preservatives. Rajec infant water – new format Rauch products New format of the Rajec baby water is
Slide 9: Main events 2015
main events 2015 Following the successful IPO conducted in December 2015, Kofola ČeskoSlovensko a.s. welcomed IPO new shareholders, both renowned institutional investors and a significant portion of retail investors. In October 2015, Kofola ČeskoSlovensko a.s., a Czech-based company, became a parent
Slide 10: GeskoSlovensko
© kofola GeskoSlovensko ® Kofola Group @ Results ® Markets, trends and strategy ® Profile and history e Shares and shares price ® Contact
Slide 11: Market conditions in 2015
Market conditions in 2015 • increasing household consumption • stabilisation of consumption in the most • stable environment profitable gastro segment • decreasing household unemployment and • faster increase of turnover in discount increasing real wages chains • stabilisation of raw material prices
Slide 12: Results of Kofola Group
results of KOFOLA GrOup Reconciliation of reported and Reported One-offs Adjusted adjusted results CZK mn CZK mn CZK mn Revenue 7 156.7 34.1 * 7 190.8 Cost of sales (4 330.5) (21.6) * (4 352.1) Gross profit 2 826.2 12.6 2 838.7 Selling, marketing and distribution costs (1 898.4) 14.0 *, ** (1 884.4)
Slide 13: Results of Kofola Group
results of KOFOLA Group* Results comparison 2015 2014 Change Change CZK mn CZK mn CZK mn % Revenue 7 190.8 6 275.4 915.4 14.6% Cost of sales (4 352.1) (3 881.4) (470.7) 12.1% Gross profit 2 838.7 2 394.0 444.7 18.6% Selling, marketing and distribution costs (1 884.4) (1 607.7) (276.7) 17.2% Administ
Slide 14: Results of Kofola Group [MCZK]
results of KOFOLA Group* [MCZK] Revenues Gross margin EBIT 2014 6 275.4 2014 38.2% 2014 442.8 +14.6% +1.3 p.p. +33.1% 2015 7 190.8 2015 39.5% 2015 589.4 EBITDA EBITDA margin EBIT margin 2014 914.8 2014 14.6% 2014 7.1% +20.5% +0.7 p.p. +1.1 p.p. 2015 1 102.6 2015 15.3% 8.2% 2015 Kofola Group results
Slide 15: Results of Kofola Group [MCZK]
results of KOFOLA Group* [MCZK] Cash flow from operations CapEx Net debt 2014 962.4 2014 297.6 31/12/14 887.0 +33.6% -2.8% +44.0% 397.7 31/12/15 2015 935.2 2015 1 276.9 Total assets Working capital Net debt/EBITDA** 5 959.9 31/12/14 (418.0) 31/12/14 0.97x 31/12/14 +42.5% +0.17x -29.1% 8 491.0 31/12/
Slide 16: Results of Kofola Group [MCZK]
results of KOFOLA Group* [MCZK] Net profit attributable to shareholders Net profit margin of Kofola ČeskoSlovensko 2014 290.4 2014 4.6% +28.2 % +0.6 p.p. 2015 372.2 2015 5.2% EPS attributable to shareholders of Kofola ČeskoSlovensko [CZK/share] 2014 13.2 +28.0% 2015 16.9 Kofola Group results 2015 |
Slide 17: Geographical segment sales [MCZK]
geographical segment sales* [MCZK] +16.6%2 639.4 -9.6% 2 555.1 Legend: 2014 2 264.4 2 309.4 2015 +12.6% 1 579.8 1 402.5 +100% 523.9 +159.0% 138.3 0.0 53.4 Czech Poland Export Slovakia Slovenia Republic 36% 22% 41% 0% 1% 2014 Czech Republic Slovakia Poland 2015 Slovenia Export 36% 23% 32% 7% 2% Kofol
Slide 18: Product segment sales [MCZK]
Product segment sales* [MCZK] 3 483.9 3 513.7 Legend: 2014 +0.9% 2015 +44.5% 1 854.5 -8.6% 1 283.5 951.9 870.5 +120.3 % +29.9% 559.9 392.2 254.2 301.9 Carbonated Waters Syrups Non-carbonated Other beverages beverages 56% 20% 15% 4% 5% 2014 Carbonated Waters Non-carbonated Syrups 2015 Other 49% 26% 1
Slide 19: GeskoSlovensko
© kofola GeskoSlovensko @ Kofola Group ® Results ® Markets, trends and strategy ® Profile and history e Shares and shares price ® Contact
Slide 20: Segment positions
Segment positions* Legend: Leader Viceleader PL CZ SK SI Cola beverages 3 2 1 3 Carbonated beverages - 3 2 2 Waters - 5 1 1 - Syrups and concentrates 2 1 2 Beverages for children 6 2 2 - - Energy drinks - 4 >6 Kofola Group results 2015 | Investor presentation * estimated position of the Group in the
Slide 21: Approach to market trends and Development
Approach to market trends and Development Gradual conversion of products to preservative-free, healthy innovations Promotion of healthy life style (www.hravezijzdrave.cz, www.hravozizdravo.sk, www.trzymajforme.pl) More healthy beverages (water, children’s beverages) with lower sugar content comp
Slide 22: GeskoSlovensko
© kofola GeskoSlovensko ® Kofola Group ® Results ® Markets, trends and strategy ® Profile and history e Shares and shares price ® Contact
Slide 23: Mission and vision
Mission and vision Kofola Group results 2015 | Investor presentation 23
Slide 24: History of Kofola Group
History of Kofola Group 2012 Rajec Brand 2015 Built from scratch, now No 1 in Acquisition of Acquisition of Radenska, Slovakia Ugo group Acquisition of No 1 water Kofola brand and (fresh juices) producer in original recipe by 2007 Today: Slovenia predecessor of HoReCa 2008 growing Kofola CZ Started
Slide 25: Group structure
Kofola ČeskoSlovensko a.s. (h) Group structure 100 % Kofola S.A. (h) 100% 100% 100% Kofola CS HOOP Polska Alofok Ltd a.s. Sp. z o.o. (p) (h) (h) 100% 100% 100% 90% 100% 50% Santa- Kofola OOO Kofola a.s. Kofola a.s. Ugo Trade Trans s.r.o. holdinška Megapack (p) (p) s.r.o. (t) družba (p) (p) d.o.o. (h
Slide 26: GeskoSlovensko
© kofola GeskoSlovensko ® Kofola Group ® Results ® Markets, trends and strategy ® Profile and history e Shares and shares price ® Contact
Slide 27: Share price and turnover at PSE
Share price and turnover at PSE 30 000 Turnover (pcs.) Price (CZK) 520 Share price information 2015 Average share price 495 CZK 515 25 000 Average daily transaction activity 4 637 pcs 510 20 000 505 500 15 000 495 10 000 490 485 5 000 480 0 475 Kofola Group results 2015 | Investor presentation 27
Slide 28: Shareholders structure
Sharholders structure As at 31 December 2015 Others Tomáš Jendřejek 6.72% 2.61% René Musila KSM Investment S.A. 2.61% 50.78% CED Group S.a.r.l. 37.28% Share capital of Kofola ČeskoSlovensko a.s. comprises 22 295 thousand ordinary shares Kofola Group results 2015 | Investor presentation 28
Slide 29: GeskoSlovensko
© kofola GeskoSlovensko ® Kofola Group ® Results ® Markets, trends and strategy ® Profile and history e Shares and shares price ® Contact
Slide 30: Contact
Contact Should you have any question related to Kofola Group do not hesitate to contact our investor relations office: Martin Rosypal e-mail: investor@kofola.cz tel.: +420 736 767 078 http://investor.kofola.cz/en Kofola ČeskoSlovensko a.s. Nad Porubkou 2278/31A 708 00 Ostrava Czech Republic Follow u
Slide 31: Disclaimer
Disclaimer This presentation (“the Presentation”) has been prepared by Kofola ČeskoSlovensko a.s. (“the Company”). The Company has prepared the Presentation with due care, however certain inconsistencies or omissions might have appeared in it. Therefore it is recommended that any person who intends
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