Coca-cola Icecek A.s. · BIST:CCOLA
Coca-cola Icecek A.s — Q3 2009 Earnings Presentation
17 slides from Coca-cola Icecek A.s's earnings presentation, Nov 12, 2009
Slide 1: 3Q09 Results
3Q09 Results November 12, 2009 Istanbul Michael A. O’Neill – CEO Building & Sustaining a Growth Company Burak Başarır – CFO
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: 3Q09 Review
3Q09 Review Delivered over 200 million unit cases of sales volume Economic conditions remain challenging Ramadan’s uplift affect is diminishing as it moves into the summer Addition of Pakistan and full consolidation of Turkmenistan are increasing International Operations’ share in total volume Marke
Slide 4: Volume up by 11.3% Year-to-date
Volume up by 11.3% Year-to-date Turkey Volume Turkey Volume International Volume Consolidated Volume (Unit cases in millions) (Unit cases in millions) (Unit cases in millions) 476.7 357.3 428.1 342.6 119.4 86.0 9M08 9M09 9M08 9M09 9M08 9M09 Consolidated up by 8.2% to 201.1 million 3Q09 Turkey up by
Slide 5: Net sales up by 8.5% Year-to-date
Net sales up by 8.5% Year-to-date Turkey Net Turkey Net Sales Sales International Net Sales Consolidated Net Sales (CMB - TL in millions) (CMB – US$ in millions) (CMB - TL in millions) Turkey Volume 1Q08 1,983.7 1,542.9 1,827.9 1,536.8 282.0 241.0 9M08 9M09 9M08 9M09 9M08 9M09 Consolidated up by 3.5
Slide 6: EBITDA down by 3.0% Year-to-date
EBITDA down by 3.0% Year-to-date Turkey Net Turkey Sales EBITDA International EBITDA Consolidated EBITDA (CMB - TL in millions) (CMB – US$ in millions) (CMB - TL in millions) Turkey Volume 354.8 344.0 306.1 277.4 41.6 39.6 19.9% 18.0% 16.4% 14.8% 19.4% 17.3% 9M08 9M09 9M08 9M09 9M08 9M09 Consolidate
Slide 7: Turkey
Turkey Decrease in GDP per capita, increasing unemployment and price sensitivity puts pressure on consumer off-take Contraction in sparkling beverages offset by the increase in still beverages and non-ready to drink tea Challenging trading environment brings about price sensitivity and hence higher
Slide 8: Product Innovations in 3Q09 - Turkey
Product Innovations in 3Q09 - Turkey Cappy Lemonade Nestea Cool PET 1L Damla 10L 330ml and 1L Schweppes Plain Doğadan Earl Grey 250ml and 1L
Slide 9: International Operations
International Operations Worsening economic conditions and colder weather conditions put pressure in Central Asia Pakistan is still a strong contributor to top-line growth Ramadan and summer promotions aimed to strengthen our position in Middle East
Slide 10: Product Innovations in 3Q09 - International
Product Innovations in 3Q09 - International Minute Maid Splash Branded Lemon Coca-Cola OWB 200ml and PET 1.5L, Juice - Pakistan Fanta Apple, Piko PET 0.5L - Kazakhstan Nestea Can 330ml, Fanta Apple and Fanta Apple - Kyrgyzstan BonAqua Flavored - Azerbaijan
Slide 11: Financial Review
Financial Review Burak Başarır CFO
Slide 12: Introduction to Financial Statements
Introduction to Financial Statements Basis of Preparation Consolidated / TL/$ Year- TL/$ International* Turkey End Average Functional TL USD September September Currency 30, 2009 1,4820 30, 2009 1,5675 Reporting December September TL USD Currency 31, 2008 1,5123 30, 2008 1,2191 ∆ -2% ∆ 29% Net Sal
Slide 13: Key Financials - Consolidated
Key Financials - Consolidated (TL million) 9M09 9M08 Change % 3Q09 3Q08 Change % Volume (m/uc) 476.7 428.1 11.3% 201.1 185.9 8.2% Net Sales 1,983.7 1,827.9 8.5% 799.4 772.4 3.5% Gross Profit 732.0 763.8 (4.2%) 286.4 317.6 (9.8%) EBIT 236.5 271.1 (12.8%) 103.7 135.4 (23.4%) EBITDA 344.0 354.8 (3.0%)
Slide 14: Key Financials
Key Financials (TRY million) September 30, December 31, September 30, December 31, Liabilities & Equity Assets 2009 2008 2009 2008 Cash & cash Short-term debt 359.7 254.3 748.6 142.2 equivalents Accounts rec.& due Accounts payable & due to 371.0 202.8 140.1 157.3 from related parties related parties
Slide 15: Debt Structure
Debt Structure Million 3Q09 FY08 ∆ USD denominated* 577 569 8 EURO denominated* 66 66 0 TL denominated 118 2 116 Other (in TL terms) 23 24 -1 Total Financial Debt in TL 1.137 1.029 108 Total Cash & Equivalent in TL 360 254 106 Net Debt in TL 777 775 2 Net Debt in US$ 525 512 12 Maturity Date 2009 20
Slide 16: Closing Remarks
Closing Remarks Michael A. O’Neill CEO
Slide 17: Thank You
Thank You Coca-Cola Icecek Investor Relations Tel: +90 216 528 3386 Fax: +90 216 365 8457 CCI-IR@cci.com.tr www.cci.com.tr