Coca-cola Hbc Ag · LSE:CCH
Coca-cola Hbc — Shareholder Meeting (June 2021)
13 slides from Coca-cola Hbc's shareholder meeting presentation, Jun 22, 2021
Slide 1: Results Presentation – Annual General Meeting 22 June 2021
RESULTS PRESENTATION ANNUAL GENERAL MEETING 22 JUNE 2021 1 ANNUAL GENERAL MEETING 22 JUNE 2021
Slide 2: Forward-Looking Statement
FORWARD-LOOKING STATEMENT Unless otherwise indicated, the condensed consolidated interim financial statements and the financial and operating data or other information included herein relate to Coca-Cola HBC AG and its subsidiaries (“Coca-Cola HBC” or the “Company” or “we” or the “Group”). This docu
Slide 3: Operational Agility – Resilient Performance
OPERATIONAL AGILITY – RESILIENT PERFORMANCE PEOPLE SAFE; CUSTOMERS SERVED WINNING IN THE MARKET • Safety of people ensured • Strong value share gains • Fully operational supply chain • +40bps in NARTD • Dynamic route-to-market • +30bps in Sparkling • Enhanced digital capabilities OPERATIONAL AGILITY
Slide 4: Financial Performance – Revenues
FINANCIAL PERFORMANCE – REVENUES like-for-like FY 2020 FY 2019 change change • Like-for-like volume declined 4.6% with better trends in H2 Volume (m u.c.) 2,135.6 2,264.5 -5.7% -4.6% FX-neutral revenue per case (€) 2.87 2.99 -4.1% -4.1% • Like-for-like price/mix declined 4.1%, FX-neutral net sales r
Slide 5: Years of Efficiency Improvements Bring Lasting Margin Resilience
YEARS OF EFFICIENCY IMPROVEMENTS BRING LASTING MARGIN RESILIENCE REPORTED REVENUE GROWTH (%) • Restructuring work done over the last decade has created a 15.1 more resilient, flexible and variable business 8.0 − Optimised, automated, efficient production 3.3 3.2 4.9 2.1 5.5 infrastructure (plants an
Slide 6: Cost Control Supports Margins
COST CONTROL SUPPORTS MARGINS like-for-like FY 2020 FY 2019 change change • Like-for-like Gross Profit margin up 20bps Comparable gross profit margin 37.9% 37.7% 20bps 20bps − Strong variable COGS base and cost control Comparable operating expenses 1,672.4 1,889.3 -11.5% -10.4% Comparable OPEX as %
Slide 7: Profitability Protected - Strong Cash Flow
PROFITABILITY PROTECTED - STRONG CASH FLOW like-for-like FY 2020 FY 2019 change change • Like-for-like EBIT declined by 13.5%, almost in line with the revenue decline Comparable EBIT (€m) 672.3 758.7 -11.4% -13.5% Comparable EBIT margin 11.0% 10.8% +20bps -20bps • Like-for-like EBIT margin fell by j
Slide 8: Emerging Segment More Resilient
EMERGING SEGMENT MORE RESILIENT TOP LINE CHANGE EBIT MARGIN FY 2020 vs FY 2020 vs • Volume and pack/channel FY 2019 Like-for like FY 2019 Like-for like mix declines most Total CCH Total CCH pronounced in Established Volume -5.7% -4.6% EBIT margin 11.0% 10.6% and Developing markets, Price/mix -4.1% -
Slide 9: Strong Balance Sheet
STRONG BALANCE SHEET • Closing net cash position: €1.3b • Additional facilities − €800m unutilised commercial paper facility − €800m unutilised revolving credit facility − No financial covenants that can impact liquidity or access to capital • Next bond maturity November 2024 • Gearing of 1.5x at th
Slide 10: Additional In-House Recycled PET Capacity
ADDITIONAL IN-HOUSE RECYCLED PET CAPACITY • Investing in in-house capacity to produce recycled PET bottle preforms from a cheaper, more plentiful feedstock: hot-washed PET flakes • Addresses one of the major challenges in reaching our recycled PET use targets which is the lack of availability and hi
Slide 11: 2021 Outlook
2021 OUTLOOK • Economic outlook remains uncertain • Signs of restrictions easing but uncertainty remains • Continuously monitoring to prioritise opportunities • Expect a strong FX-n revenue recovery − Gradual volume recovery − Price / mix recovery driven by package mix − Pricing taken to offset Poli
Slide 12: Q1 21: A Good Start in a Challenging Environment
Q1 21: A GOOD START IN A CHALLENGING ENVIRONMENT • Good FX-neutral revenue growth, +2.7% or +6.1% like-for-like, driven by Sparkling and Energy, the Emerging segment and strong execution in the at-home channel • Growth accelerated in the Emerging segment; Established and Developing segments continue
Slide 13: Contacts
CONTACTS For further information on Coca-Cola Hellenic please visit our website at: www.coca-colahellenic.com Or contact our investor relations team: Joanna Kennedy – Investor Relations Director Joanna.Kennedy@cchellenic.com +44 (0)7802 427505 Carla Fabiano – Investor Relations Manager Carla.Fabiano