Kofola Ceskoslovensko As · PSECZ:KOFOL
Kofola Ceskoslovensko As — 9M16 Earnings Presentation
34 slides from Kofola Ceskoslovensko As's earnings presentation, Nov 7, 2016
Slide 1: Kofola Československo 3Q16 results
Kofola Československo 3Q16 results 7 November 2016
Slide 2: GeskoSlovensko
© kofola GeskoSlovensko ¢ Kofola Group ® Results ® Markets, trends and strategy ® Profile and history e Shares and shares price ® Contact
Slide 3: Kofola group key highlights
Kofola group key highlights Kofola Group results 9M16 | Investor presentation 3
Slide 4: Kofola group key highlights
Kofola group key highlights* Revenue (CZK mn) Revenue per countries (CZK mn) Profit for the period (CZK mn) 5 560 5 426 3178 3324 457 329 1867 Revenue (CZK mn) 1387 715 9M15 9M16 515 CR+SR PL SI & other 9M15 9M16 9M15 9M16 EBITDA (CZK mn) EBITDA per countries (CZK mn) Net Debt / EBITDA 989 633 591 8
Slide 5: Kofola group key highlights
Kofola group key highlights Key financial data [mCZK] Segment revenues 9M16 % Carbonated beverages 2 498.3 46% Waters 1 532.9 28% Syrups 551.1 10% Non-carbonated beverages 419.7 8% Other 423.8 8% Total 5 425.8 100% EBITDA* 851.2 Total assets 8 319.7 Equity 3 102.2 Net debt 1 360.3 Net debt/12mEBITDA
Slide 6: Our main brands
Our main brands Kofola Group results 9M16 | Investor presentation 6
Slide 7: New products in 2016
New products in 2016 Kofola Apricot 1.5l – new format Top Topic Lemon 1.5l, 0.5l Apricot Kofola is now available in 1.5l PET bottles. Popular Top Topic has new refreshing taste – lemon. The product is available in PET bottles of 1.5l and 0.5l. Kofola Melon 0.5l Semtex pomegranate Kofola family has n
Slide 8: New products in 2016
New products in 2016 Paola Super Barman – Blue Curacao, Radenska Orange, Mint&Lemon, Raspberry Mojito, Grenadine 0.97l Radenska has now new flavours – Orange, Mint&Lemon Paola Super Barman, syrups dedicated for gastro segment, and Raspberry – available in 1.5l PET, 0.5l PET and 0.25l are now availab
Slide 9: New products in 2016
New products in 2016 Vinea Letní „Summer“ 1.5l Jupík 0.2l - Tetrapack Limited Edition of Vinea Letní „Summer” in 1.5l PET Jupík has a new 0.2l Tetrapack packaging in three new bottles in the Czech and Slovak market. flavours, avaliable in the Czech and Slovak market. Rajec 0.75l – Melissa, Red curra
Slide 10: Main events 2016
main events 2016 Since January 2016, the Group became an exclusive producer and distributor of PepsiCo portfolio products in the Croatian market. The cooperation with PepsiCo in the Slovenian market has functioned for more than 20 years. In 1Q16, the Group acquired the brands Voćko, Nara and Inka fr
Slide 11: GeskoSlovensko
© kofola GeskoSlovensko ® Kofola Group @ Results ® Markets, trends and strategy ® Profile and history e Shares and shares price ® Contact
Slide 12: Market conditions in 2016
Market conditions in 2016 • increasing household consumption • stabilisation of consumption in the most • stable environment profitable gastro segment • decreasing household unemployment and • faster increase of turnover in discount increasing real wages chains • slight increase of sugar price Weath
Slide 13: Results of Kofola Group
results of KOFOLA GrOup Reconciliation of reported and 9M16 One-offs Adjusted adjusted results Reported CZK mn CZK mn CZK mn Revenue 5 425.8 - 5 425.8 Cost of sales (3 237.7) - (3 237.7) Gross profit 2 188.1 - 2 188.1 Selling, marketing and distribution costs (1 461.3) 18.0 * (1 443.3) Administrativ
Slide 14: Results of Kofola Group
results of KOFOLA Group* Results comparison 9M16 9M15 Change Change CZK mn CZK mn CZK mn % Revenue 5 425.8 5 559.9 (134.1) (2.4%) Cost of sales (3 237.7) (3 266.0) 28.3 (0.9%) Gross profit 2 188.1 2 293.9 (105.8) (4.6%) Selling, marketing and distribution costs (1 443.3) (1 398.5) (44.8) 3.2% Admini
Slide 15: Results of Kofola Group [MCZK]
results of KOFOLA Group* [MCZK] Revenue Gross margin EBIT 9M15 5 559.9 9M15 608.9 9M15 41.3% -2.4% -1.0 p.p. -24.1% 5 425.8 40.3% 9M16 462.0 9M16 9M16 EBITDA EBITDA margin EBIT margin 9M15 988.5 9M15 17.8% 9M15 11.0% -13.9% -2.1 p.p. -2.5 p.p. 9M16 851.2 9M16 15.7% 9M16 8.5% Kofola Group results 9M1
Slide 16: Results of Kofola Group [MCZK]
results of KOFOLA Group* [MCZK] Cash flows from operations CapEx Net debt 814.2 30/9/15 9M15 15 277.6 1 315.4 -42.6% +59.5% +3.0% 467.6 9M16 442.7 30/9/16 1 360.3 9M16 Total assets Working capital Net debt/EBITDA ** 31/12/15 8 491.0 30/9/15 (305.5) 31/12/15 1.14x -2.0% +53.0% +0.25x 30/9/16 1.39x 30
Slide 17: Results of Kofola Group [MCZK]
results of KOFOLA Group*[MCZK] Net profit attributable to shareholders of Kofola Net margin ČeskoSlovensko 9M15 454.5 9M15 8.2% -27.2 % -2.1 p.p. 9M16 9M16 6.1% 331.1 EPS attributable to shareholders of Kofola ČeskoSlovensko [CZK/share] 9M15 20.6 -27.9% 9M16 14.9 Kofola Group results 9M16 | Investor
Slide 18: Geographical segment sales [MCZK]
geographical segment sales [MCZK] +7.2% 9M15 2112.5 -25.7% 9M16 1971.5 1867.3 +0.4% 1387.4 1206.4 1211.0 +34.2% 538.5 401.3 +55.6% 176.3 113.4 Czech Republic Slovakia Poland Slovenia Export 35% 22% 34% 7% 2% 9M15 Czech Republic Slovakia Poland 9M16 Slovenia Export 39% 22% 26% 10% 3% Kofola Group res
Slide 19: Product segment sales [MCZK]
Product segment sales [MCZK] 2668.1 -6.4% 2498.2 9M15 9M16 +2.5% 1496.0 1532.9 -22.0% +14.1 % +31.9% 706.7 551.1 423.8 367.8 419.7 321.3 Carbonated Waters Syrups Non-carbonated Other beverages beverages 48% 27% 12% 7% 6% 9M15 Carbonated beverages Waters Syrups Non-carbonated beverages 9M16 Other 46%
Slide 20: GeskoSlovensko
© kofola GeskoSlovensko ® Kofola Group ® Results ® Markets, trends and strategy ® Profile and history e Shares and shares price ® Contact
Slide 21: Segment positions
Segment positions* Legend: Leader Viceleader PL CZ SK SI Cola beverages 3 2 1 3 Carbonated beverages - 3 1 2 Waters - 4 2 1 - Syrups and concentrates 2 1 2 Beverages for children 6 2 2 - - Energy drinks - 4 5 Kofola Group results 9M16 | Investor presentation * estimated position of the Group in the
Slide 22: Approach to market trends and Development
Approach to market trends and Development Gradual conversion of products to preservative-free, healthy innovations Promotion of healthy life style (www.hravezijzdrave.cz, www.hravozizdravo.sk, www.trzymajforme.pl) More healthy beverages (water, children’s beverages) with lower sugar content compa
Slide 23: Approach to market trends and Development
Approach to market trends and Development Constant search for leads of unexplored brands (companies) Acquisition of Vinea, Citro Cola, Semtex, Mr. UGO, Mangaloo and Radenska in the last 7 years Long-term track record of successful development of acquired brands Rollout of successful brands to ot
Slide 24: GeskoSlovensko
© kofola GeskoSlovensko ® Kofola Group ® Results ® Markets, trends and strategy ® Profile and history e Shares and shares price ® Contact
Slide 25: Mission and vision
Mission and vision Kofola Group results 9M16 | Investor presentation 25
Slide 26: History of Kofola Group
History of Kofola Group 2016 2012 Rajec Brand 2015 Built from Expected scratch, now acquisition of No 1 in Acquisition of Studenac, Acquisition of Radenska, Slovakia traditional Acquisition of Ugo group No 1 water mineral (fresh juices) producer in Kofola brand and original recipe by 2007 Today: Slo
Slide 27: Group structure
Group structure As at 30 September 2016 Kofola ČeskoSlovensko a.s. (h) 100% 100% 100% 100% 90% 100% 100% HOOP Santa- Ugo Trade Kofola a.s. Kofola a.s. RADENSKA Alofok Ltd Polska Trans s.r.o. s.r.o. (p) (p) Sp. z o.o. d.o.o. (p) (h) (t) (p) (p) 100% 100% 100% 50% p - sales and production Radenska Rad
Slide 28: Studenac Acquisition
Studenac Acquisition Acquisition rationale: • Acquisition of No. 2 player in the Croatian water market. • Asset deal – Radenska/Kofola acquires production plant with 115 employees, inventory and brands, not the whole beverages division of Podravka. • Cost synergies and business optimization with Slo
Slide 29: GeskoSlovensko
© kofola GeskoSlovensko ® Kofola Group ® Results ® Markets, trends and strategy ® Profile and history e Shares and shares price ® Contact
Slide 30: Share price and turnover at PSE
Share price and turnover at PSE 25 000 Turnover (pcs) Price (CZK) Share price information 9M16 500 Average share price 440.5 CZK 20 000 Average daily transaction activity 1095 pcs 450 15 000 400 10 000 350 5 000 0 300 Kofola Group results 9M16 | Investor presentation 30
Slide 31: Shareholders structure
Shareholders structure As at 30 September 2016 Others Tomáš Jendřejek 6.72% 2.61% René Musila KSM Investment S.A. 2.61% 50.78% CED Group S.a.r.l. 37.28% Share capital of Kofola ČeskoSlovensko a.s. comprises 22 295 thousand ordinary shares Kofola Group results 9M16 | Investor presentation 31
Slide 32: GeskoSlovensko
© kofola GeskoSlovensko ® Kofola Group ® Results ® Markets, trends and strategy ® Profile and history e Shares and shares price ® Contact
Slide 33: Contact
Contact Should you have any question related to Kofola Group do not hesitate to contact our investor relations office: lenka frostova e-mail: investor@kofola.cz tel.: +420 735 749 576 http://investor.kofola.cz/en Kofola ČeskoSlovensko a.s. Nad Porubkou 2278/31A 708 00 Ostrava Czech Republic Follow u
Slide 34: Disclaimer
Disclaimer This presentation (“the Presentation”) has been prepared by Kofola ČeskoSlovensko a.s. (“the Company”). The Company has prepared the Presentation with due care, however certain inconsistencies or omissions might have appeared in it. Therefore it is recommended that any person who intends
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