Luckin Coffee, Inc. · OTC:LKNCY
Luckin Coffee — Q3 2024 Earnings Presentation
15 slides from Luckin Coffee's earnings presentation, Oct 30, 2024
Slide 1: LKNCY 2024Q3 Earnings Presentation
LKNCY 2024Q3 Earnings Presentation October 30, 2024
Slide 2: Disclaimer
DISCLAIMER This presentation contains certain financial measures that are not recognized under generally accepted accounting principles in the United States (“GAAP”), including non-GAAP operating income/(loss), non-GAAP net income/(loss), non-GAAP basic and diluted net income/(loss) per ADS. The pre
Slide 3: Business Update; Financial Highlights
1 BUSINESS UPDATE 2 FINANCIAL HIGHLIGHTS
Slide 4: Business Update
1 BUSINESS UPDATE luckin coffe
Slide 5: Record revenue with solid growth and sustained healthy profits
Record RMB 10 billion in revenue with solid growth and sustained healthy profits Total net revenues Average monthly SSSG(2) transacting customers(1) (self-operated stores) RMB10.2 billion 79.8 million (13.1)% +41.4% YoY increase +36.5% YoY increase Store-level operating profit(3) GAAP operating inco
Slide 6: Steady domestic growth with expansive market potential and gradual international exploration
Steady domestic growth with expansive market potential and gradual international exploration Footprint in China 21,298 +1,374 Total store count* Net new store openings(2) QoQ HIGHER-TIER LOWER-TIER MARKETS MARKETS SELF-OPERATED PARTNERSHIP 13,891 (+872 QoQ) STORES STORES Self-operated stores 7,407 (
Slide 7: Focus on product and marketing to meet diverse consumer needs and boost brand power
Focus on product and marketing to meet diverse consumer needs and boost brand power 28 SKUs Continued investment in Coffee supply chain 2024Q3 newly launched freshly-brewed drinks 300+ million Innovation and Production Center Qingdao, China Cumulative transacting customers (as of 2024Q3) 30+ million
Slide 8: Enhancing sustainability through origin cooperation in coffee production
Enhancing sustainability through origin cooperation in coffee production Empowerment and Ecological Protection Coffee Quality Pursuit and Farmer Support Yunnan, China Brazil Capacity Building for Luckin & Brazil Coffee Farmers Coffee Culture Festival • Trained local coffee representatives • August 2
Slide 9: Financial Highlights
2 FINANCIAL HIGHLIGHTS
Slide 10: Record Q3 results fueled by steady market expansion and rising coffee consumption
Record Q3 results fueled by steady market expansion and rising coffee consumption Total net revenues Self-operated stores 280.0% 20,000 Total net revenues Growth rate % (YoY) 200.0% 20,000 Revenues from self-operated stores (1) Growth rate % (YoY) SSSG (2) (in million RMB) (in million RMB) 230.0% 65
Slide 11: Achieving new heights in transacting customers alongside increased store penetration
Achieving new heights in transacting customers alongside increased store penetration Number of stores(1) Net new store openings(2) Average monthly transacting customers(3) (in million) Self-operated stores Self-operated stores Partnership stores Partnership stores In 2024Q3, 21,343 with ~31 million
Slide 12: Resilient margin profile attributable to operational efficiency and scale benefits
Resilient margin profile attributable to operational efficiency and scale benefits 2024Q3 2024Q3 Operating margin 15.3% Net margin 12.8% Store-level General & administrative Sales & marketing Restructuring-related operating profit margin(1) expenses expenses expenses (self-operated stores) % Total n
Slide 13: Robust cash reserve and healthy balance sheet
Robust cash reserve and healthy balance sheet Cash inflow from Cash at bank and on hand(1) Interest-bearing debt operating activities RMB RMB RMB 4,753.2 million 1,316.1 million 300 million Short-term bank borrowing Notes: (1) Includes Cash and cash equivalents, restricted cash, term deposits and sh
Slide 14: Thank you!
Thank you！
Slide 15: Q&A
Q&A