Coca-cola Hbc Ag · LSE:CCH
Coca-cola Hbc — FY2024 Earnings Presentation
30 slides from Coca-cola Hbc's earnings presentation, Feb 13, 2025
Slide 1: Full Year 2024 Results
Full Year 2024 Results 13 February 2025
Slide 2: 2024 Highlights
2024 Highlights Zoran Bogdanovic Chief Executive Officer
Slide 3: Another year of strategic and operational progress
FY 2024 highlights Delivering strong performance Driving continued profitable growth Another year of strategic and operational progress Strong, high-quality and resilient growth Growing volume and #1 value contributor Growth led by strategic sales in a range of for customers1 and priority categories
Slide 4: Strong financial performance in 2024
FY 2024 highlights Delivering strong performance Driving continued profitable growth Strong financial performance in 2024 Organic growth Organic EBIT Margin and EPS Comparable + 13.8% Revenue growth €1,192.1 million 11.1% EBIT margin up 40 bps +2.8% Volume growth +12.2% Organic growth +9.5% Comparab
Slide 5: All strategic priority categories delivering volume growth
FY 2024 highlights Delivering strong performance Driving continued profitable growth All strategic priority categories delivering volume growth Sparkling Energy Coffee +1.5% +30.2% +23.9% volume growth volume growth volume growth Key engine of Brings significant current Huge potential with profitabl
Slide 6: Delivering growth from our diversified country footprint
FY 2024 highlights Delivering strong performance Driving continued profitable growth Delivering growth from our diversified country footprint Strong organic growth Revenue EBIT Established +3.3% flat Developing +12.7% +39.6% Emerging +23.3% +13.0% Group total +13.8% +12.2% All percentages are of Gro
Slide 7: Delivering strong performance
Delivering strong performance Anastasis Stamoulis Chief Financial Officer
Slide 8: Focused execution drives strong organic growth and volume acceleration
FY 2024 highlights Delivering strong performance Driving continued profitable growth Focused execution drives strong organic growth and volume acceleration • Strong revenue growth, up 13.8% • Volume growth of 2.8% driven by our strategic priorities, and with growth in all segments • Revenue per case
Slide 9: Double-digit organic EBIT growth
FY 2024 highlights Delivering strong performance Driving continued profitable growth Double-digit organic EBIT growth • Organic EBIT growth of 12.2% − targeted revenue growth management initiatives − easing input cost inflation 11.6% 11.0% 11.1% 10.6% − offset by increased operating expenses 10.1% •
Slide 10: Established markets
FY 2024 highlights Delivering strong performance Driving continued profitable growth Established markets Volume resilience despite consumer sensitivity • Volume up 0.3%, driven by − good growth from Coke Zero, Sprite and Adults Sparkling − Energy up high-single digits; Monster grew well − Coffee gre
Slide 11: Developing markets
FY 2024 highlights Delivering strong performance Driving continued profitable growth Developing markets Strong revenue and EBIT recovery • Volume up 2.5% − Sparkling up low-single digits − Energy up high-single digits − Coffee grew with low-single digits growth − Stills down slightly; Sports drinks
Slide 12: Emerging markets
FY 2024 highlights Delivering strong performance Driving continued profitable growth Emerging markets Strong performance in a challenging environment • Volume up 3.7% − Sparkling up low single digits − Energy and Coffee up strong double digits − Stills up mid-single digits, driven by Water • Revenue
Slide 13: Comparable EPS up 9.5%
FY 2024 highlights Delivering strong performance Driving continued profitable growth Comparable EPS up 9.5% • Strong EPS growth EPS Payout ratio • Finance costs €60.5m in line with expectations +9.5% 45% Comparable net profit Dividend per share • Comparable effective tax rate 27.0%, in €m € line wit
Slide 14: Strong balance sheet and improved shareholder returns
FY 2024 highlights Delivering strong performance Driving continued profitable growth Strong balance sheet and improved shareholder returns • Capex €679.3 million, investing in: − capacity expansion Capex FCF − supply chain automation €679.3m €712.6m − energy-efficient coolers Capital expenditure Fre
Slide 15: Capital allocation discipline
FY 2024 highlights Delivering strong performance Driving continued profitable growth Capital allocation discipline driving higher returns for shareholders and improved ROIC Clear Capital Allocation Framework 1. Organic investment in the business 2. Progressive dividend policy payout ratio 40%-50% 3.
Slide 16: Outlook 2025
FY 2024 highlights Delivering strong performance Driving continued profitable growth Outlook 2025 • Expect to deliver another good performance in 2025 • Organic revenue growth of 6% to 8% • Organic EBIT growth of 7% to 11% For details on APMs refer to ‘Alternative Performance Measures’ and ‘Definiti
Slide 17: Driving continued profitable growth
Driving continued profitable growth Zoran Bogdanovic Chief Executive Officer
Slide 18: Our purpose builds on our clear vision and values
Our purpose builds on our clear vision and values OUR VALUES OUR VISION CUSTOMER OUR PURPOSE THE FIRST OPEN UP LEADING WE OVER I MOMENTS 24/7 MAKE IT THAT BEVERAGE SIMPLE REFRESH PARTNER DELIVER US ALL SUSTAINABLY
Slide 19: Investing in bespoke capabilities
FY 2024 highlights Delivering strong performance Driving continued profitable growth Investing in bespoke capabilities to drive execution and capture market share Revenue growth management Route to market Personalised Data, insights & execution Talent analytics for development every outlet Digital c
Slide 20: We have a track record of consistent growth
FY 2024 highlights Delivering strong performance Driving continued profitable growth We have a track record of consistent growth driven by our portfolio, capabilities and markets 5 year 3 year 2024 Volume +2.5% +1.0% +2.8% Price +8.7% +13.9% +10.7% Revenue +11.4% +15.0% +13.8% Average of the annual
Slide 21: Sparkling remains our most important driver of growth
FY 2024 highlights Delivering strong performance Driving continued profitable growth SPARKLING remains our most important driver of growth • Engine of growth benefitting from The Coca-Cola Company partnership • Schweppes and Kinley – several new flavours and package formats • Continued roll out of T
Slide 22: Energy growing in all segments
FY 2024 highlights Delivering strong performance Driving continued profitable growth ENERGY growing in all segments • Ninth year of double-digit expansion • Segmented approach with different brands • Growth in all segments and very strong in Emerging markets, led by affordable offers • Future opport
Slide 23: Coffee remains a large, long-term growth opportunity
FY 2024 highlights Delivering strong performance Driving continued profitable growth COFFEE remains a large, long-term growth opportunity • Creating a strong, credible business with unique competitive advantages • Costa and Caffè Vergnano in the profitable mass premium and premium segments • We have
Slide 24: Stills and Premium Spirits performing well
FY 2024 highlights Delivering strong performance Driving continued profitable growth STILLS and PREMIUM SPIRITS performing well Stills Premium Spirits • Capturing growth in highest profitability areas • Premium Spirits enhances 24/7 portfolio with locally relevant offers credentials and drives incre
Slide 25: Country focus: Italy
FY 2024 highlights Delivering strong performance Driving continued profitable growth Country focus ITALY 2024 • Consumer confidence mixed • Strong execution in the market • Using RGM toolkit to drive affordable and premium solutions • Good performance in Coke Zero, Adult Sparkling, Energy Looking ah
Slide 26: Country focus: Nigeria
FY 2024 highlights Delivering strong performance Driving continued profitable growth Country focus NIGERIA 2024 • Executing well and driving volume and market share expansion, despite macro challenges • Offering both premium and affordable solutions • Leveraging combined customer and consumer data L
Slide 27: We continue to be leaders in sustainability
FY 2024 highlights Delivering strong performance Driving continued profitable growth We continue to be leaders in sustainability PACKAGING CLIMATE WATER COMMUNITIES Successful SBTI1 validated Joined the Trained over DRS launched our renewed 2040 Living Danube 1,000,000 in Hungary and targets includi
Slide 28: Mid term outlook
FY 2024 highlights Delivering strong performance Driving continued profitable growth Mid term OUTLOOK Organic revenue Organic EBIT margin growth growth 6% to 7% 20 to 40bps on average p.a. on average p.a. • Continued focus on ROIC expansion • CAPEX 6.5% to 7.5% of revenue • Growing Free Cash Flow to
Slide 29: Driving best-in-class growth Q&A
Driving best-in-class growth Q& A
Slide 30: Forward-looking statement
Forward-looking statement This document contains forward-looking statements that involve risks and uncertainties. These statements may generally, but not always, be identified by the use of words such as ‘believe’, ‘outlook’, ‘guidance’, ‘intend’, ‘expect’, ‘anticipate’, ‘plan’, ‘target’ and similar