Coca-cola Icecek A.s. · BIST:CCOLA
Coca-cola Icecek A.s — FY2024 Earnings Presentation
19 slides from Coca-cola Icecek A.s's earnings presentation, 2025
Slide 1: FY2024 Results
FY2024 Results 2024 RESULTS 1 PUBLIC
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: Important Disclaimer
Important Disclaimer Based on the CMB's decision dated 28 December 2023 and numbered 81/1820 and the "Implementation Guide on Financial Reporting in High Inflation Economies" published by the POA with the announcement made on 23 November 2023, issuers and capital market institutions subject to finan
Slide 4: Our focus on daily execution, affordability, and quality mix remained strong despite external challenges
Nov 1, 2023 Our focus on daily execution, affordability, and quality mix remained strong despite external challenges Focusing on Affordability Highlights Execution & Mix Improvement On Track Robust Profitability • Volume growth in Iraq, Azerbaijan - • IC package share grew by 183 bps y/y to • 259 bp
Slide 5: Consolidated Volume
Consolidated Volume Softness in sparkling offset by strong stills performance, highlighting the value of a diverse brand portfolio Sparkling Stills Immediate Consumption Share y/y y/y y/y -4.4% +9.4% +183bps Highlights Fuse Tea Traditional share My Coke -5.9% y/y +19.7% y/y +37bps Adult Premium Wate
Slide 6: Türkiye
Türkiye 38% Share of Volume in Total CCI Gross Profit & EBITDA margin expansion driven primarily by strong cost management, with support of quality mix 4Q24 2024 Volume Net Sales EBITDA Performance Revenue (exc.other) Sparkling m UC bn TL bn TL 3.9% y/y growth in Coca Cola +25.0% -2.5% Zero in 2024
Slide 7: International
International 62% Share of Volume in Total CCI Signs of relative volume recovery in some markets and continued mix improvement supported NSR/uc growth 4Q24 2024 Volume Net Sales EBITDA Performance m UC Revenue (exc.other) bn TL Sparkling bn TL 12.2% y/y growth of in +0.4% -5.2% Adult premium in 2024
Slide 8: Largest International Markets
Largest International Volume (y/y) • Volume market share in sparkling category increased by 48 bps y/y (y/y) Markets -6.4% 12% • 10% growth y/y in Adult Sparkling Premium category 2024 • 76bps y/y increase in On-Premise channel share Kazakhstan Volume (y/y) • 303bps y/y increase in On-Premise channe
Slide 9: First Year Anniversary Of CCI Bangladesh
First Year Anniversary Of CCI Bangladesh Great momentum and future opportunities About Bangladesh 8th largest 25.7 median Rapidly urbanizing NARTD per country by age; 56% < 30 (2019: 37% vs. 2023: cap among population in 41%) years of age lowest globally the world Integration Update Building fundame
Slide 10: FINANCIAL REVIEW
FINANCIAL REVIEW 2024 RESULTS 10 PUBLIC
Slide 11: Summary Financials
Summary Financials Profitability impacted by softer volumes and limited scale advantages Net Sales EBIT Net Revenue (TL) (TL) Income (TL) 2024 2024 2024 137.7 BILLION -5.6% y/y 18.9 BILLION -9.6% y/y 14.8 BILLION -50.1% y/y 13.7% MARGIN -61 bps 10.8% MARGIN -961 bps 4Q24 4Q24 4Q24 22.1 BILLION -8.4%
Slide 12: Per UC Metrics
Nov 1, 2023 Per UC Metrics Without TAS 29, NSR/uc grew by 45.8% in 2024 Consolidated (TL) - TL, with TAS 29 Net Sales Revenue COGS EBIT per UC per UC per UC 95.8 95.0 91.7 13.6 67.1 12.6 81.8 63.9 59.3 3.4 56.7 0.1 4Q23 4Q24 2023 2024 4Q23 4Q24 2023 2024 4Q23 4Q24 2023 2024 -14.7% y/y -3.5% y/y -15.
Slide 13: Dynamic Hedging
Nov 1, 2023 Dynamic Hedging Securing long term visibility & controlled cost base COGS Breakdown Proactive Risk Management Policy Hedging & Pre-buy Rates Cost of Sales Sugar Aluminium Resin 20% OVERHEAD 224 2025 20% 61%* 51% 72% SUGAR 30% PACKAGING 2025 30% CONCENTRATE *69%, in markets where financia
Slide 14: Net Income Development
Net Income Development 50.1% decline in Net Income y/y -50.1% y/y (mTL) -14.9 billion 20.4% 10.8% 2,901 8,201 9,088 2,686 12,817 29,713 2,617 14,813 2023 2024 NSR COGS OpEx Financial Inc/Exp. Monetary Gain/Loss Other* Net Income Net Income (*) Other includes Taxation, Investing Activities, Gain/Loss
Slide 15: Disciplined Financial Management
Disciplined Financial Management Low leverage and strong liquidity maintained Debt & Cash Gross Debt Cash Net Debt Composition / EBITDA Other 14% Other 32% 1.1x 1.0x 0.8x USD 51% $1.39B TRY USD 50% $662M 0.6x 29% TRY EUR 18% 6% 21 22 23 24 FX Position Debt $555m $546m 162 Maturity 42% 43% 218 -778 3
Slide 16: Guidance
2025 With TAS29 Without TAS29 Guidance Mid-single-digit volume growth on a consolidated Sales Mid-single-digit volume growth on a consolidated basis: basis: Volume • Low-to-Mid-single digit growth in Türkiye ₺ • Low-to-Mid-single digit growth in Türkiye • Mid to high-single-digit growth in internati
Slide 17: CLOSING REMARKS
CLOSING REMARKS 2024 RESULTS 18 PUBLIC
Slide 18: One Number Execution Score
In-store Execution Excellence Capturing Opportunities for Growth and Innovation ONE NUMBER EXECUTION SCORE BE AVAILABLE BE VISIBLE BE EFFECTIVE BE TRAINED Consumer Engagement Platform Suggested Order Digital Customer Experience AI-based order Commercial Online Order & Payment Consumer Recruitment pr
Slide 19: For more information, please contact cci-ir@cci.com.tr
For more information, please contact cci-ir@cci.com.tr 2024 RESULTS 21 PUBLIC