Coca-cola Bottlers Japan Holdings Inc. · TSE:2579
Coca-cola Bottlers Japan — Q3 2023 Earnings Presentation
25 slides from Coca-cola Bottlers Japan's earnings presentation, Nov 10, 2023
Slide 1: Third Quarter 2023 Earnings Presentation
Third Quarter 2023 Earnings Presentation November 10, 2023 Coca-Cola Bottlers Japan Holdings Inc. Calin Dragan, President Bjorn Ivar Ulgenes, Vice President & CFO (Posted to CCBJH website on November 9, 2023)
Slide 2: Third Quarter 2023 Earnings Presentation agenda
Coca-Cola Bottlers Japan Holdings Inc. (CCBJH) Third Quarter 2023 Earnings Presentation Q3YTD 2023 Results Marketing Update 2023 Full-Year Earnings Revision 2
Slide 3: Today's Highlights
Today’s Highlights Business income to return to profit this year, ahead of 2024 target. With good Q3YTD earnings progress, 2023 full-year business income now expected to grow by 15.9 billion yen YoY and 6.5 billion yen higher than initial forecast. Business income for Q3YTD grew significantly exceed
Slide 4: Q3YTD 2023 Results
Q3YTD 2023 Results
Slide 5: Q3YTD Results (vs 2022)
Q3YTD Results (vs 2022) Good Q3YTD earnings contributing greatly to achieve profit for the full-year Unit: Million JPY Q3YTD 2023 Q3YTD 2022 Change YoY Actual Actual Revenue 663,825 612,321 +51,504 +8.4% Sales Volume (Million Cases) 379 366 +13 +4% NARTD (Non-alcoholic ready to drink) Beverage Volum
Slide 6: Q3YTD Drivers of Business Income (vs 2022)
Q3YTD Drivers of Business Income (vs 2022) Top-line growth leading to about 30B yen profit growth, greatly contributing to the return to profit for the full-year DME Q3YTD 2022 Volume, Transformation (Direct Marketing Manufacturing Others Commodity & Q3YTD 2023 Actual Price & Mix* Expense, fixed onl
Slide 7: Q3YTD NARTD Beverage Sales Volume Trends (vs 2022)
Q3YTD NARTD Beverage Sales Volume Trends (vs 2022) 4% volume growth by capturing traffic recovery and heat wave demand, despite price revision impacts. Wholesale revenue per case improved in all channels from price revision benefits. Vending leveraged strong share base and Coke ON. Able to control n
Slide 8: Value Share Foundation Supporting Growth
Value Share Foundation Supporting Growth Continued growth in total market share through new product launches and effective marketing activities Total channel value share grew by 0.2 pts. Market share trends impacted by price revisions, however vending value share remained positive from previous year
Slide 9: Commercial Activities During Peak Demand Season
Commercial Activities During Peak Demand Season Top-line improving from successful implementation of key initiatives and tailwind from traffic recovery and the heat wave Key Initiatives & Benefits Q3 (Jul-Sep) YoY Efforts to date to introduce new products and Revenue strengthen customer engagement h
Slide 10: Price Revision Update
Price Revision Update Continued favorable trends in OTC prices with steady implementation of price revisions and maintained shipping price Large PET: With second price revisions in May this year, retail prices continue to rise on top of elevated level of last year. Small PET: Since last October’s pr
Slide 11: ESG Initiatives
ESG Initiatives Focus on initiatives that create value ------------------------------------------------------------------ Major Initiatives --------------------------------------------------------------- --------------Values-------------- Expanded Bottle to Bottle collaboration Customer ‐ Joined Hon
Slide 12: Marketing Update
Marketing Update
Slide 13: Q3 2023 Initiative Review
Q3 2023 Initiative Review Grew KO NARTD value share (+0.2pts*) with strong campaign & activations in core, new innovations and digital driven new way of experiential marketing * CCJC Internal Estimate (CCBJI Area) MARKETING CORE INNOVATIONS EXPERIENCE Coke STUDIO Package Promotion with Live events A
Slide 14: Q4 2023 Initiative Highlights
Q4 2023 Initiative Highlights Expand user base and drinking occasions through core enhancement & new innovations with transforming the way of marketing MARKETING CORE INNOVATIONS EXPERIENCE I LOHAS "Let's Make Your Own Bottle" caravan Ichigo (Strawberry) under Georgia TM New Campaign Coke Winter Cam
Slide 15: 2023 Full-Year Earning Revision
2023 Full-Year Earning Revision
Slide 16: 2023 Full-Year Earnings Revised Up: Return to Profit
2023 Full-Year Earnings Revised Up: Return to Profit Business income profitability to be achieve ahead of 2024 target in Strategic Business Plan 2023 Year of Profit Focus: Top Priority on Improving Profitability Key Points Stronger than expected earnings increase with strong profit from top-line gro
Slide 17: 2023 Full-Year Revised Plan
2023 Full-Year Revised Plan In addition to business income, net income also expected to return to profit Unit: Million JPY FY2023 Change Change vs Vs Original YoY Revised Plan YoY Original Plan Plan Revenue 869,900 +62,470 +7.7% +22,800 +2.7% Sales Volume (Million Cases) 492 +13 +3% +21 +4% NARTD (N
Slide 18: FY2023 Drivers of Revised Business Income (vs 2022)
FY2023 Drivers of Revised Business Income (vs 2022) Top-line driven profit offset cost pressure, contributing to the return to profit DME Manufacturing FY2022 Volume, Transformation (Direct Marketing Others Commodity & FY2023 (ex. Utility Cost) Actual Price & Mix* Expense, fixed only) Utility Cost R
Slide 19: Summary
Summary Expect the full-year to return to profit ahead of plan Growth foundation built to date and focus on profitability this year have contributed to strong growth in revenue and profits by capturing demand from traffic recovery and heat wave. Price revisions, the most important initiatives, are d
Slide 20: THANK YOU
THANK YOU Investor Relations Coca-Cola Bottlers Japan Holdings Inc. ir@ccbji.co.jp https://en.ccbj-holdings.com/ir/
Slide 21: Appendix
Appendix
Slide 22: Q3 (Jul to Sep) Results (vs 2022)
Q3 (Jul to Sep) Results (vs 2022) Unit: Million JPY Q3 2023 Q3 2022 Change YoY Actual Actual Revenue 259,715 236,373 +23,343 +9.9% Sales Volume (Million Cases) 149 142 +7 +5% NARTD (Non-alcoholic ready to drink) Beverage Volume (Million Cases) 148 141 +7 +5% COGS 141,917 132,194 +9,723 +7.4% Gross P
Slide 23: NARTD Channel / Category / Package Sales Volume
NARTD Channel / Category / Package Sales Volume Q3QTD (Jul to Sep) Sales Volume +5% By Package Q3YTD (Jan to Sep) By Channel Wholesale Package Volume Channel Volume revenue per case 3% 5% (Yen) S-PET -2% 10% M-PET +9% Supermarket (SM) Flat +85 16% 24% 5% 38% L-PET +7% Drug & Discounter (D&D) +6% +73
Slide 24: We bottle happy moments.
THIDDIS. We bottle happy moments.
Slide 25: Forward-looking Statements
Forward-looking Statements The plans, performance forecasts, and strategies appearing in this material are based on the assumptions and judgment of the management of Coca-Cola Bottlers Japan Holdings Inc. (CCBJH or Company) in view of data obtained as of the date this material was released. These fo
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