Coca-cola Icecek A.s. · BIST:CCOLA
Coca-cola Icecek A.s — Q3 2008 Earnings Presentation
16 slides from Coca-cola Icecek A.s's earnings presentation, Nov 13, 2008
Slide 1: Results for the quarter ending September 30, 2008
Results for the quarter ending September 30, 2008 November 13, 2008 Istanbul Michael A. O’Neill – CEO 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: Volume up by 10% in 9M08
Volume up by 10% in 9M08 Turkey Volume International Volume Consolidated Volume (Unit cases in millions) (Unit cases in millions) (Unit cases in millions) % 10 % 428 10 343 % 389 311 10 86 79 9M07 9M08 9M07 9M08 9M07 9M08 3Q08 3
Slide 4: Net sales up by 17% in 9M08
Net sales up by 17% in 9M08 Turkey Net Sales International Net Sales Consolidated Net Sales (CMB - YTL in millions) (CMB – US$ in millions) (CMB - YTL in millions) 19 % 17% 1,828 1Q08 1,565 1,537 20% 1,297 241 201 9M07 9M08 9M07 9M08 9M07 9M08 3Q08 4
Slide 5: EBITDA up by 14% in 9M08
EBITDA up by 14% in 9M08 Turkey EBITDA International EBITDA Consolidated EBITDA (CMB - YTL in millions) (CMB – US$ in millions) (CMB - YTL in millions) 14% % 355 18 306 1Q08 312 260 5% 38 40 20.1% 19.9% 18.7% 16.4% 19.9% 19.4% 9M07 9M08 9M07 9M08 9M07 9M08 3Q08 5
Slide 6: Turkey
Turkey Solid volume growth of 8% in 3Q08; cycling a very strong third quarter 14% in 2007 All beverage categories posted growth Non Ready to Drink Tea Doğadan’s sales & distribution started in September Like for like volume growth expected to be slow in 4Q08 but with Doğadan will meet full year guid
Slide 7: Turkey – Product Innovations
Turkey – Product Innovations Sprite 3G Can330ml, Pet500ml, Pet 1L Coca-Cola & Fanta Pet 250ml Schweppes Champagne Bottle Pet 1L Schweppes Tonic Pomegranate 7
Slide 8: International Operations
International Operations Growth rates in Central Asia Region continue softer Top line benefited from price increases in all Key Markets Profitability impacted by softer volume and as well as higher operational costs in Central Asia Middle East Region still performed well and delivered volume at top
Slide 9: International – Product Innovations
International – Product Innovations Cappy Pulpy Orange, Piko 2L, Nestea 1L Tetra and 0.5L PET were launched in Kazakhstan Cappy and Burn launched in Azerbaijan 9
Slide 10: Financial Review
Financial Review Burak Başarır CFO
Slide 11: Introduction to Financial Statements
Introduction to Financial Statements Basis of Preparation YTL/$ Consolidated / Turkey International* Exchange Rates Functional Currency YTL USD December 31, 2007 1.1647 Reporting Currency YTL USD September 30, 2008 1.2316 Net Sales – Net of discounts and special consumption tax for Turkish operation
Slide 12: Key Financials
Key Financials (TRYm) 9M08 9M07 ‘08 vs. ‘07 Volume (m u/c) 428.1 389.0 +10.1% Net Sales 1,827.9 1,564.5 +16.8% Gross Profit 763.8 648.7 +17.7% Gross Profit % 41.8% 41.5% EBIT 271.1 239.3 +13.3% EBIT % 14.8% 15.3% EBITDA 354.8 311.5 +13.9% EBITDA % 19.4% 19.9% Net Income 184.0 166.5 +10.5% Non-cash F
Slide 13: Key Financials
Key Financials (TRYm) September 30, December 31, September 30, December 31, Assets Liabilities &Equity 2008 2007 2008 2007 Cash & cash Short-term debt 183.7 147.8 132.3 219.3 equivalents Accounts rec.& due Accounts payable & due to 328.8 156.0 148.6 123.4 from related parties related parties Provisi
Slide 14: 2008 Guidance
2008 Guidance We revise our sales volume, net revenue and EBITDA guidance: • Turkey Volume – High Single Digit • International Volume – Low Double Digit • Revenue Growth exceeding Volume Growth • EBITDA Growth slightly below Revenue Growth 2008 performance will be supported by: • Balancing product a
Slide 15: Closing Remarks
Closing Remarks
Slide 16: Thank You
Q&A Session Thank You For further information on Coca-Cola İçecek please visit our website at: www.cci.com.tr or contact our Investor Relations Department CCI-IR@cci.com.tr
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