Kofola Ceskoslovensko As · PSECZ:KOFOL
Kofola Ceskoslovensko As — H1 2016 Earnings Presentation
33 slides from Kofola Ceskoslovensko As's earnings presentation, Aug 1, 2016
Slide 1: Kofola Československo 1H16 results
Kofola Československo 1H16 results 1 August 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 1H16 | Investor presentation 3
Slide 4: Kofola group key highlights
Kofola group key highlights* Product revenue segments Revenues (CZK mn) Profit for the period 8% Carbonated (CZK mn) 11% beverages 267 3 392 3 504 Non-carbonated 156 beverages 46% Waters 27% 1H15 1H16 Syrups 1H15 1H16 Other 8% Geographical revenue segments EBITDA (CZK mn) 3% Net Debt/EBITDA 9% Czech
Slide 5: Kofola group key highlights
Kofola group key highlights Key financial data [mCZK] Segment revenues 1H16 % Carbonated beverages 1 598.6 46% Waters 948.4 27% Syrups 375.0 11% Non-carbonated beverages 289.1 8% Other 293.3 8% Total 3 504.4 100% EBITDA* 514.0 Total assets 8 451.9 Equity 2 983.4 Net debt 1 550.2 Net debt/12mEBITDA**
Slide 6: Our main brands
Our main brands Kofola Group results 1H16 | 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: 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. Expansion in the In the first quarter of 2016, the Group acqui
Slide 10: GeskoSlovensko
© kofola GeskoSlovensko ® Kofola Group @ Results ® Markets, trends and strategy ® Profile and history e Shares and shares price ® Contact
Slide 11: 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 12: Results of Kofola Group: reported and adjusted
results of KOFOLA GrOup Reconciliation of reported and Reported One-offs Adjusted adjusted results CZK mn CZK mn CZK mn Revenue 3 504.3 - 3 504.3 Cost of sales (2 139.0) - (2 139.0) Gross profit 1 365.3 - 1 365.3 Selling, marketing and distribution costs (942.4) 18.0 * (924.4) Administrative costs (
Slide 13: Results of Kofola Group
results of KOFOLA Group* Results comparison 1H16 1H15 Change Change CZK mn CZK mn CZK mn % Revenue 3 504.3 3 392.1 112.2 3.3% Cost of sales (2 139.0) (2 002.0) (137.0) 6.8% Gross profit 1 365.3 1 390.1 (24.8) (1.8%) Selling, marketing and distribution costs (924.4) (864.8) (59.6) 6.9% Administrative
Slide 14: Results of Kofola Group [MCZK]
results of KOFOLA Group* [MCZK] Revenue Gross margin EBIT 1H15 3 392.0 1H15 41.0% 1H15 363.2 +3.3% -2.0 p.p. -29.2% 1H16 3 504.4 1H16 39.0% 1H16 257.1 EBITDA EBITDA margin EBIT margin 1H15 608.1 1H15 18.0% 1H15 11.0% -15.5% -3.0 p.p. -3.0 p.p. 1H16 514.0 1H16 7.0% 1H16 15.0% Kofola Group results 1H1
Slide 15: Results of Kofola Group [MCZK]
results of KOFOLA Group* [MCZK] Cash flows from operations CapEx Net debt 1H15 381.7 1H15 190.7 30/6/15 1 628.5 -77.6% +61.4% -5.0% 1H16 85.6 1H16 307.8 30/6/16 1 550.2 Total assets Working capital Net debt/EBITDA ** 8 491.0 30/6/15 (209.0) 31/12/15 30/6/15 1.45x -0.5% +31.0% +0.06x 30/6/16 8 452.0
Slide 16: Results of Kofola Group [MCZK]
results of KOFOLA Group*[MCZK] Net profit attributable to shareholders of Kofola Net margin ČeskoSlovensko 1H15 265.1 1H15 8.0% -41.0 % -4.0 p.p. 1H16 1H16 4.0% 155.7 EPS attributable to shareholders of Kofola ČeskoSlovensko [CZK/share] 1H15 12.1 -42.0% 1H16 7.0 Kofola Group results 1H16 | Investor
Slide 17: Geographical segment sales [MCZK]
geographical segment sales [MCZK] +15% 1355.8 -20% 1H15 1176.1 1208.5 1H16 964.5 +2% 732.9 748.3 +55% 322.5 +71% 208.1 113.2 66.3 Czech Republic Slovakia Poland Slovenia Export 35% 22% 36% 6% 2% 1H15 Czech Republic Slovakia Poland 1H16 Slovenia Export 39% 21% 28% 9% 3% Kofola Group results 1H16 | In
Slide 18: Product segment sales [MCZK]
Product segment sales [MCZK] 1 644,7 1 598,6 -0,3% 1H15 1H16 +12% 948,4 843,7 -17% +17 % +46% 454,4 375,0 293,3 247,7 289,1 201,4 Carbonated Waters Syrups Non-carbonated Other beverages beverages 48% 25% 13% 7% 6% 1H15 Carbonated beverages Waters Syrups Non-carbonated beverages 1H16 Other 46% 27% 11
Slide 19: GeskoSlovensko
© kofola GeskoSlovensko ® Kofola Group ® Results ® Markets, trends and strategy ® Profile and history e Shares and shares price ® Contact
Slide 20: Segment positions
Segment positions* Legend: Leader Viceleader PL CZ SK SI Cola beverages 3 2 1 3 Carbonated beverages - 3 2 2 Waters - 4 2 1 - Syrups and concentrates 2 1 2 Beverages for children 6 2 2 - - Energy drinks - 4 5 Kofola Group results 1H16 | Investor presentation * estimated position of the Group in the
Slide 21: 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 22: 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 23: GeskoSlovensko
© kofola GeskoSlovensko ® Kofola Group ® Results ® Markets, trends and strategy ® Profile and history e Shares and shares price ® Contact
Slide 24: Mission and vision
Mission and vision Kofola Group results 1H16 | Investor presentation 24
Slide 25: History of Kofola Group
History of Kofola Group 2012 Rajec Brand 2015 Built from scratch, now No 1 in Acquisition of Acquisition of Radenska, Slovakia Ugo group Acquisition of No 1 water (fresh juices) producer in Kofola brand and original recipe by 2007 Today: Slovenia predecessor of HoReCa 2008 growing number of Kofola C
Slide 26: Group structure
Group structure as at 30 June 2016 On 4 April 2016, Pinelli spol. s r.o. was sold from Kofola a.s. to Kofola ČeskoSlovensko a.s. Kofola Group results 1H16 | Investor presentation 26
Slide 27: Group structure after merger and squeeze-out
Group structure after the merger and squeeze-out of Radenska d.d.´s minority shareholders 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.d. (p) (h) (t) (p) (p) 100% 100
Slide 28: GeskoSlovensko
© kofola GeskoSlovensko ® Kofola Group ® Results ® Markets, trends and strategy ® Profile and history e Shares and shares price ® Contact
Slide 29: Share price and turnover at PSE
Share price and turnover at PSE 25 000 Turnover (pcs) Price (CZK) Share price information 1H16 500 Average share price 448.5 CZK 20 000 Average daily transaction activity 1163 pcs 450 15 000 400 10 000 350 5 000 0 300 Kofola Group results 1H16 | Investor presentation 29
Slide 30: Shareholders structure
Shareholders structure As at 30 June 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 1H16 | Investor presentation 30
Slide 31: GeskoSlovensko
© kofola GeskoSlovensko ® Kofola Group ® Results ® Markets, trends and strategy ® Profile and history e Shares and shares price ® Contact
Slide 32: 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 33: 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
Kofola ČeskoSlovensko a.s. — H1 2016 Earnings Presentation on 6ix