Coca-cola Company (the) · NYSE:KO
Coca-cola Company (the) — The Coca-Cola Company — FY2016 Earnings Presentation
16 slides from Coca-cola Company (the)'s earnings presentation, Feb 9, 2017
Slide 1: 4th Quarter and Full Year 2016 Earnings Call
The Coca-Cola Company 4th Quarter and Full Year 2016 Earnings Call February 9, 2017 Classified - Confidential
Slide 2: Agenda
Agenda Highlights Operational Review Financial Review Q&A
Slide 3: 2016 Highlights
2016 Highlights Segmented Market Roles and Disciplined Brand Investments Strong Top-Line Growth in the Core Business Strengthened Our Brands and Portfolio Introduced More Than 500 New Products into the Market Over $600 Million in Productivity 3 Classified - Confidential
Slide 4: Strengthening Our Bottling System
Strengthening Our Bottling System Better System Alignment, Synergies, Improved Customer and Consumer Attention EUROPE CHINA JAPAN AFRICA NORTH AMERICA Coca-Cola European 2-Bottler Strategy for Merger Coca-Cola Beverages 21st Century Beverage Partners Mainland China East and West Africa Partnership M
Slide 5: Operational Review
Operational Review
Slide 6: Fourth Quarter and Full Year 2016 Results
Fourth Quarter and Full Year 2016 Results Q4 Full Year Value Share Unit Case -1% +1% Volume Revenue* +6% +3% Profit** +14% +8% *Organic revenue (non-GAAP) **Comparable currency neutral income before taxes (structurally adjusted) (non-GAAP) 6 Classified - Confidential
Slide 7: 2016 Performance in Key Markets
2016 Performance in Key Markets We continue to push hard where we have momentum, take action where needed, and manage through difficult operating conditions Western Europe •Solid Marketing & Innovation •Increased Alignment with CCEP Japan • Strong Marketing & Innovation • One Brand Strategy • New Pr
Slide 8: Moving Forward and Adapting in a Volatile World
Moving Forward and Adapting in a Volatile World Therefore we will continue… Improving the underlying health of our franchise Delivering locally against our comparable currency neutral profit targets Intensifying our focus on delivering comparable EPS growth 8 Classified - Confidential
Slide 9: We Will Continue to Build a Consumer-Centric Brand Portfolio
We Will Continue to Build a Consumer-Centric Brand Portfolio Through scale, expansion, and bolt-on M&A SCALE & EXPANSION BOLT-ON M&A / PARTNERSHIPS Successful launch of smartwater and Honest fairlife milk captured over 1/3 of the retail Tea in Western Europe with plans to further dollar value growth
Slide 10: In Sparkling, We Are Reshaping Our Growth Equation
In Sparkling, We Are Reshaping Our Growth Equation Driving revenue growth while helping to reduce overconsumption of added sugar Taste the Feeling More Sugar-Free Product Small Pack Sizes Options Reformulation 10 Classified - Confidential
Slide 11: Financial Review
Financial Review
Slide 12: 2017 Outlook
2017 Outlook 7% to 8% (3%) to (4%) (5%) to (6%) Approx. 3% Growth in Organic Revenues* Rate Change: 22.5% 24% Approx. $2B (1%) to (4%) $1.91 Start - 2016 EPS (Comparable) Underlying PBT Growth PBT Currency PBT Structural Items Effective Tax Rate Change Share Repurchases End - 2017 EPS (Comparable)
Slide 13: Considerations for 2018
Considerations for 2018 • 16% to 17% headwind on revenue from acquisitions, divestitures & structural items Structural • 1% to 2% headwind on income before tax from structural items • Low single-digit currency headwind on income before tax based on Currency the current spot rates and including the i
Slide 14: First Quarter 2017 Considerations
First Quarter 2017 Considerations • 12% to 13% headwind from acquisitions, divestitures & structural Top Line items • 1% to 2% currency headwind Profit • 1% to 2% structural headwind • 3% to 4% currency headwind Other • 2 fewer days compared to first quarter 2016 • Easter shift from first quarter in
Slide 15: Q&A
Q&A
Slide 16: Supplemental Schedule
Supplemental Schedule Volume Detail by Group (% Growth) EMEA Latin America North America Asia Pacific Consolidated Full Year Full Year Full Year Full Year Full Year Q4 2016 Q4 2016 Q4 2016 Q4 2016 Q4 2016 2016 2016 2016 2016 2016 Sparkling 0 0 (5) (2) 1 0 (1) 0 (2) 0 Still 6 3 0 2 1 3 1 5 2 3 Total