Coca-cola Bottlers Japan Holdings Inc. · TSE:2579
Coca-cola Bottlers Japan — Q1 2024 Earnings Presentation
23 slides from Coca-cola Bottlers Japan's earnings presentation, May 9, 2024
Slide 1: First Quarter 2024 Earnings Presentation
First Quarter 2024 Earnings Presentation May 9, 2024 Coca-Cola Bottlers Japan Holdings Inc. Calin Dragan, President Bjorn Ivar Ulgenes, Vice President & CFO (Posted to CCBJH website May 8, 2024)
Slide 2: First Quarter 2024 Earnings Presentation agenda
Coca-Cola Bottlers Japan Holdings Inc. (CCBJH) First Quarter 2024 Earnings Presentation Q1 2024 Results Marketing Update Outlook 2
Slide 3: Q1 2024 Results
Q1 2024 Results
Slide 4: Today's Highlights
Today’s Highlights Q1 business income grew 1.6 billion yen vs previous year. Progressing in line with full-year business income target of 10 billion yen. Top-line growth contributed significantly to profit growth. Revenue grew 2.5% with improved wholesale revenue per case, improved channel and packa
Slide 5: Increase in revenue and profit through profitability focused initiatives
Q1 Results (vs 2023) Increase in revenue and profit through profitability focused initiatives Unit: Million JPY Q1 2024 Q1 2023 Change YoY Actual Actual YoY Revenue 186,528 182,063 +4,465 +2.5% Sales Volume (Million Cases) 104 103 +0 +0% NARTD (Non-alcoholic ready to drink) Beverage Volume (Million
Slide 6: Topline growth contributing to 1.6B yen business income growth
Q1 Drivers of Business Income (vs 2023) Topline growth contributing to 1.6B yen business income growth Q1 2023 Volume, DME Commodity & Q1 2024 Transformation Manufacturing Others (Direct Marketing Actual Price & Mix* (ex. Utility Cost) Utility Cost Actual Expense, fixed only) +0.5 -7.8 -9.4 -1.3 +0.
Slide 7: Continued improvements in wholesale revenue per case while maintaining flat sales volume
Q1 NARTD Sales Trend (vs 2023) Continued improvements in wholesale revenue per case while maintaining flat sales volume vs previous year Sales volume impacted by series of price revisions and inclement March weather, but maintained flat vs previous year. Wholesale revenue per case continues improvin
Slide 8: Value share grew and price premium maintained through profitability-focused activities
Q1 Market Share and OTC Retail Price Trends (vs 2023) Value share grew and price premium maintained through profitability-focused activities Total channel value share grew by 0.2 pts. Despite price revisions implemented in October of previous year for large PET negatively impacting volume and market
Slide 9: Implementing collaborative, channel-specific growth strategies
Topics Implementing collaborative, channel-specific growth strategies Vending OTC (Over the Counter) Food Service Capture Capture prime locations Capture sales space according New development in growing • Use of big data to accurately to store characteristics businesses Sales • Stronger new business
Slide 10: Initiatives around transformation on plan, progress towards stronger business foundation
Topics Initiatives around transformation on plan, progress towards building a stronger business foundation Supply Chain Back-office and IT End-to-end process optimization NeoArc the JV with Accenture started operation • Advancing S&OP: Appropriate planning based on • Fundamental review of operationa
Slide 11: Marketing Update
Marketing Update
Slide 12: Grew NARTD value share through strong campaigns and activations
Q1 2024 Marketing Initiative Review Grew NARTD value share through strong campaigns and activations MARKETING CORE INNOVATIONS EXPERIENCE Coke Zero Coke Zero Coke Zero Creations K-wave Experiential New Campaign Sampling GEORIGA TM GEORIGA GEORIGA TM THE series Zeitaku Milk Coffee AI Song Maker Renew
Slide 13: Further strengthen core categories primarily through full renewal of Ayataka
Q2 2024 Marketing Initiative Highlights Further strengthen core categories primarily through full renewal of Ayataka MARKETING CORE INNOVATIONS EXPERIENCE Ayataka Core Yakan Koi Barley Tea Ayataka Full Renewal Foods with Immersive w/New Campaign Functional Claims Sampling Event Expo 2025 Coca-Cola x
Slide 14: Outlook
Outlook
Slide 15: 2024 is the key first year toward achieving Vision 2028
Positioning for 2024 2024 is the key first year toward achieving Vision 2028 15
Slide 16: Accelerating efforts to maximize benefits during peak demand period
Outlook Accelerating efforts to maximize benefits during peak demand period Commercial strategy focusing on profit maximization October 2024 Price Revisions Overview • Implement growth strategies such as sales space Scope expansion and new product launches including Ayataka Small, Medium, Large PET
Slide 17: Summary
Summary In Q1, business income grew 1.6 billion yen vs previous year. Profit growth was achieved through top line growth contribution. Accelerate current trend by focusing on implementing strong marketing plans and initiatives to enhance profitability, leading to growth during peak demand period. 20
Slide 18: Thank You
THANK YOU Investor Relations Coca-Cola Bottlers Japan Holdings Inc. ir@ccbji.co.jp https://en.ccbj-holdings.com/ir/
Slide 19: Appendix
Appendix
Slide 20: Q1 NARTD Sales Trend (vs 2023)
Q1 NARTD Sales Trend (vs 2023) By Package 5% Package Volume 4% S-PET +6% M-PET +15% 12% 38% L-PET -17% 6% Can -3% 12% Bottle Can +4% 19% Syrup +11% 4% Powder +13% S-PET: Below 650ml / L-PET: Above 1.5L Note: Volume doesn’t include alcohol. 20
Slide 21: ESG Initiatives: Promote efforts that lead to value creation
ESG Initiatives: Promote efforts that lead to value creation ------------------------------------------------------------------ Major Initiatives --------------------------------------------------------------- --------------Values-------------- Started Bottle to Bottle at Sanfrecce Hiroshima’s new s
Slide 22: We bottle happy moments.
mn HIUDIS. We bottle happy moments.
Slide 23: 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
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