Coca-cola Icecek A.s. · BIST:CCOLA
Coca-cola Icecek A.s — Non-Deal Roadshow (August 2012)
17 slides from Coca-cola Icecek A.s's roadshow presentation, Aug 29, 2012
Slide 1: Non-Deal Roadshow
Non-Deal Roadshow 28-29 August 2012 London
Slide 2: 1H12 Review
1H12 Review Double digit volume growth continued Both sparkling and still categories grew at low double digits Sparkling’s share increased due to strong category growth in 2Q12 Stable input cost environment 2
Slide 3: Volume up by 11% in 1H12
Volume up by 11% in 1H12 Turkey Volume Turkey Volume International Volume Consolidated Volume (Unit cases in millions) (Unit cases in millions) (Unit cases in millions) 259.0 268.3 394.7 356.5 126.4 105.5 108.0 97.6 42.9 1H11 1H12 1H11 1H12 1H11 1H12 Consolidated up by 11.1% to 243.8 million uc 2Q12
Slide 4: 1H12 Sales Volume Breakdown
1H12 Sales Volume Breakdown Volume split (uc) - Geography Volume split (uc) – Consolidated Tea 8.9% Int'l 32.0% Still 21.9% Turkey Sparkling 68.0% 69.2% 4
Slide 5: Turkey
Turkey Turkey volume growth 3.6% in 1H12 All categories posted growth in 1Q12 Both sparkling and still category grew at around mid single digit in 2Q12 5
Slide 6: 1H12 New Introductions- Turkey
1H12 New Introductions- Turkey Burn Berry Burn 500 ml Fuse Tea Damla HOD Glass Cappy Fruitbeats Cappy Blackmulberry Cappy Sourcherry Cappy Fruit Scherbet 6
Slide 7: International Operations
International Operations All key markets posted strong volume Volume split (uc) – Int’l growth in 1H12 Pakistan volume growth 24% Kazakhstan growth 31% Azerbaijan growth 26% Iraq growth 70% 7
Slide 8: 1H12 New Introductions-International
1H12 New Introductions-International Sparkling Coca-Cola Zero OWB 250ml Turkmenistan PET 2.25L PET 1L PET 1, 1.5, 2.5L Kazakhstan Kyrgyzstan Azerbaijan Pakistan Jordan Still Fuse-tea Piko Mors Cappy PET 1L Bonaqua PET 1L Bonaqua Pet 1.5L Kazakhstan Kazakhstan Azerbaijan Turkmenistan Azerbaijan Azerb
Slide 9: Net sales up by 23% in 1H12
Net sales up by 23% in 1H12 Turkey Net Turkey NetSales Sales International Net Sales Consolidated Net Sales (TL in millions) (US$ in millions) (TL in millions) 1,911.0 1,181.2 1,294.1 346.8 1,554.8 254.0 1H11 1H12 1H11 1H12 1H11 1H12 Consolidated up by 26.8% to TL 1,227.0 million 2Q12 Turkey up by 1
Slide 10: EBITDA up by 45% in 1H12
EBITDA up by 45% in 1H12 Turkey TurkeyEBITDA EBITDA International EBITDA Consolidated EBITDA (TL in millions) (US$ in millions) (TL in millions) 17.1% * 14.9% 17.8% * 17.0% 14.4% * 12.4% 325.5 61.6 220.4 175.8 223.8 31.4 1H11 1H12 1H11 1H12 1H11 1H12 Consolidated up by 49.7% to TL 242.9 million 2Q12
Slide 11: Financial Review
Financial Review
Slide 12: Introduction to Financial Statements
Introduction to Financial Statements Basis of Preparation Consolidated / TL/$ TL/$ International* Turkey Year-End Average Functional TL USD June 30, June 30, Currency 2012 1.8065 2012 1.7935 Reporting December June 30, TL USD Currency 31, 2011 1.8889 2011 1.5641 Presentation ∆ -4.4% ∆ 14.7% Accoun
Slide 13: Key Financials – Consolidated
Key Financials – Consolidated 1H11 1H12 Change% 2Q11 2Q12 Change% Volume 356.5 394.7 10.7% 219.4 243.8 11.1% Net Sales 1,554.8 1,911.0 22.9% 967.5 1,227.0 26.8% Consolidated EBITDA 223.8 325.5 45.4% 162.3 242.9 49.7% (TL million) EBITDA 14.4% 17.0% 16.8% 19.8% Margin Net Income 81.6 185.6 127,5% 67.
Slide 14: Financial Expenses
Financial Expenses 1H11 1H12 Interest income 21.5 13.6 Interest expense (-) (28.7) (28.1) Foreign exchange gain / (loss) 10.2 (22.9) Unrealized FX gain / (loss) - Borrowings (43.4) 48.7 Gain / (loss) on derivative transactions (0.0) 0.0 Financial Income / (Expense) Net (40.5) 11.3 14
Slide 15: Debt Structure
Debt Structure 1H12 FY11 Change% USD denominated* 814 773 5% EURO denominated* 47 43 9% TL denominated 0 0 n.m. Other (in USD terms) 38 36 6% Total Financial Debt in TL 1,645 1,634 1% Total Cash & Equivalent in TL 472 526 (10%) Net Debt in TL 1,173 1,108 6% Net Debt in US$ 649 587 11% Maturity Date
Slide 16: 2012 Guidance
2012 Guidance Consolidated volume up at low double digit Turkey volume up at mid-single digits Int’l volume up at mid-teens Maintain strong top line growth ahead of volume EBITDA Growth ˃ Net Revenue growth 16
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