Coca-cola Bottlers Japan Holdings Inc. · TSE:2579
Coca-cola Bottlers Japan — Q1 2023 Earnings Presentation
25 slides from Coca-cola Bottlers Japan's earnings presentation, May 15, 2023
Slide 1: First Quarter 2023 Earnings Presentation
First Quarter 2023 Earnings Presentation May 15, 2023 Coca-Cola Bottlers Japan Holdings Inc. Calin Dragan, President Bjorn Ivar Ulgenes, Vice President & CFO (Posted to CCBJH website on May 12, 2023)
Slide 2: First Quarter 2023 Earnings Presentation agenda
Coca-Cola Bottlers Japan Holdings Inc. (CCBJH) First Quarter 2023 Earnings Presentation Q1 2023 Results Marketing Update Outlook 2
Slide 3: Q1 2023 Results
Q1 2023 Results Ct wort ERS JAPAN HOLDINGS INC.
Slide 4: Q1 2023 Overview
Q1 2023 Overview Achieved strong revenue growth of about 8%. In addition to price revision benefits, commercial activities drove 4% increase in volume by capturing traffic recovery. Benefits of the price revisions implemented in the previous year materialized as planned. Wholesale revenue per case i
Slide 5: Strong Top Line Growth
Strong Top Line Growth Achieved both wholesale revenue per case and sales volume growth Wholesale Revenue Per Case Improvement Price revisions executed with agility and speed. Revenue Careful negotiations with customers. Growth Maintain shipment prices with discipline. +８％ Sales Volume Growth Maximi
Slide 6: Top Line Heading in an Uptrend
Top Line Heading in an Uptrend Volume growth and profitability improvement initiatives gradually taking effect (%) Quarterly Revenue Growth (YoY) +10 +5 ±0 -5 -10 -15 -20 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2020 2021 2022 2023 6
Slide 7: Q1 2023 Results (vs 2022)
Q1 2023 Results (vs 2022) Unit: Million JPY Q1 2023 Q1 2022 YoY Actual Actual Revenue 182,063 168,853 +7.8% Sales Volume (Million Cases) 104 100 +4% NARTD (Non-alcoholic ready to drink) Beverage Volume (Million Cases) 103 99 +4% COGS 103,322 96,842 +6.7% Gross Profit 78,741 72,011 +9.3% SG&A 88,002
Slide 8: Q1 2023 Drivers of Business Income (vs 2022)
Q1 2023 Drivers of Business Income (vs 2022) Top line growth improving profitability despite external cost pressures Q1 2022 Volume, Transformation DME Manufacturing Others Commodity & Q1 2023 Actual Price & Mix* (Direct Marketing (ex. Utility Cost) Utility Cost Actual Expense, fixed only) +0.3 +1.2
Slide 9: Q1 2023 NARTD Beverage Sales by Channel/Category (vs 2022)
Q1 2023 NARTD Beverage Sales by Channel/Category (vs 2022) 4% volume growth. Capturing traffic recovery demand despite price revision impacts. Wholesale revenue per case improved in all channels from price revision benefits. Vending impacted by price revisions, but grew wholesale revenue per case an
Slide 10: Building Foundation for Value Share Growth
Building Foundation for Value Share Growth Total channel value share grew by 0.3 pts. Vending market share continued to grow, but OTC channel market share trend impacted by price revisions. OTC retail price improved from the previous year with price revisions. Maintained the price premium vs. market
Slide 11: Retail Price Trends in OTC Channel
Retail Price Trends in OTC Channel Following two rounds of price revisions, retail prices trending favorably Retail price for large PET & small PET maintained higher levels after price revisions. Large PET: Leading the market with price revisions in May, 2022. Volume was initially impacted by the re
Slide 12: Vending Continues Recovery with Higher Price
Vending Continues Recovery with Higher Price Agile operations, strong market share base allowing early price revision effect realization Agile operations leading to be one of the first in the industry to complete the price reflections in vending machines. Wholesale revenue per case improvement mater
Slide 13: ESG Initiatives
ESG Initiatives Advancing sustainability management with customers and local government ------------------------------------------------------------------ Major Initiatives ------------------------------------------------------------------ ---------------Values--------------- Collaboration with Fami
Slide 14: Marketing Update
Marketing Update Ct wort ERS JAPAN HOLDINGS INC.
Slide 15: Q1 2023 Initiative Review
Q1 2023 Initiative Review ※ Successfully grew KO NARTD value share (+0.3pts) with strong renewal & activations in core, new innovations and digitally driven new ways of marketing CORE INNOVATIONS MARKETING TRANSFORMATION Digital x GenZ culture for GEORGIA Re-launch CokeTM with Meat Ayataka Photo tur
Slide 16: Q2 2023 Initiative Highlights
Q2 2023 Initiative Highlights Expand user base and drinking occasions through core enhancement & new Innovations by transforming the way of marketing CORE INNOVATIONS MARKETING TRANSFORMATION AQUARIUS Ad. (TV, Digital, OOH) linked to temperatures by region Ayataka TM AQUARIUS Early Summer NEWATER Ca
Slide 17: 2023 Marketing Strategy
2023 Marketing Strategy Strengthen the core & continue to focus on scalable innovation with target relevant and effective marketing STRENGTHEN FEWER, BIGGER MARKETING THE CORE INNOVATIONS TRANSFORMATION FURTHER ACCELERATE KO SYSTEM COLLABORATION 17
Slide 18: Outlook
(CV AN TLS JAPAN HOLDINGS INC.
Slide 19: Outlook
Outlook Top priority on profitability improvement, while business environment requires monitoring • Traffic recovery expected to continue, while cycling impact of last year's early end to the rainy Operating season and heat wave is expected. Environment • Impact from commodities and forex to continu
Slide 20: Summary
Summary Profitability improved by about 5 billion yen, for the elements under our control. Price revisions implemented with strong determination made a significant contribution to revenue growth. Key initiatives are delivering results, confident that our strategy is the right one. Continue commercia
Slide 21: Appendix
Appendix (CV AN TLS JAPAN HOLDINGS INC.
Slide 22: Q1 2023 NARTD Beverage Sales by Package (vs 2022)
Q1 2023 NARTD Beverage Sales by Package (vs 2022) 5% Package Volume 3% S-PET -5% 11% M-PET +8% 36% 6% L-PET +3% 12% Can +8% 23% Bottle Can -3% 4% Syrup +31% Powder +28% S-PET：Below 650ml/L-PET：Above 1.5L Note: Volume doesn’t include alcohol. Some inconsistencies with the volume data provided in past
Slide 23: Staying True to Our Mission, Vision, Values
Staying True to Our Mission, Vision, Values 23
Slide 24: Thank You
THANK YOU Investor Relations Coca-Cola Bottlers Japan Holdings Inc. ir@ccbji.co.jp https://en.ccbj-holdings.com/ir/
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
Coca Cola Bottlers Japan — Q1 2023 Earnings Presentation on 6ix