Coca-Cola Icecek A.S. · BIST:CCOLA

Coca-Cola Icecek A.S — Q1 2011 Earnings Presentation

18 slides from Coca-Cola Icecek A.S's earnings presentation, May 10, 2011

  1. Slide 1: 1Q11 Results

    1Q11 Results May 10, 2011 Istanbul Michael A. O’Neill – CEO N. Orhun Köstem – CFO

  2. Slide 2: Forward-Looking Statements

    Forward-Looking Statements This presentation includes forward-looking statements including, but not limited to, statements regarding Coca-Cola İçecek’s (“CCI”) plans, objectives, expectations and intentions and other statements that are not historical facts. Forward- looking statements can generally

  3. Slide 3: 1Q11 Review

    1Q11 Review Strong volume growth in Turkey and International operations All categories posted volume growth Impact of higher input costs on gross profitability - Solid operating profit growth 3

  4. Slide 4: 1Q11 Sales Volume Breakdown

    1Q11 Sales Volume Breakdown Volume split (uc) - Geography Volume split (uc) – Consolidated Tea 12.3% International 23.0% Still 22.7% Sparkling Turkey 65.0% 77.0% 4

  5. Slide 5: Turkey

    Turkey Consumer confidence on track q-o-q and on the rise y-o-y # of tourists up by 16% All categories posted strong volume growth - Sparkling category at high teens - Still category at around 30% Ready for the upcoming summer season 5

  6. Slide 6: International Operations

    International Operations All key markets posted strong volume growth - Pakistan on track by mid teens growth - Central Asia volume growth ca 26% - Fifth consecutive quarterly growth over 30% in Iraq 6

  7. Slide 7: Product Introductions in 1Q11

    Product Introductions in 1Q11 Gladiator Burn Blue Turkey Cappy 330ml Mango Turkey Jordan New Introductions in NRTD Tea category Turkey 7

  8. Slide 8: Volume up by 21.8% in 1Q11

    Volume up by 21.8% in 1Q11 Turkey Volume Turkey Volume International Volume Consolidated Volume (Unit cases in millions) (Unit cases in millions) (Unit cases in millions) 137.1 87.5 105.5 112.5 25.0 31.5 1Q10 1Q11 1Q10 1Q11 1Q10 1Q11 8 8

  9. Slide 9: Net sales up by 32.0% in 1Q11

    Net sales up by 32.0% in 1Q11 Turkey Net Turkey Net Sales Sales International Net Sales Consolidated Net Sales (TL in millions) (US$ in millions) (TL in millions) 587.3 461.0 444.9 354.3 80.7 60.5 1Q10 1Q11 1Q10 1Q11 1Q10 1Q11 9

  10. Slide 10: EBITDA up by 15.5% in 1Q11

    EBITDA up by 15.5% in 1Q11 Turkey TurkeyEBITDA EBITDA International EBITDA Consolidated EBITDA (TL in millions) (US$ in millions) (TL in millions) 61.5 47.0 54.0 3.5 3.9 53.3 1Q10 1Q11 1Q10 1Q11 1Q10 1Q11 10

  11. Slide 11: Recent Developments

    Recent Developments CCI’s 2010 financial year Ordinary General Assembly held on April 27, 2011 A gross dividend of TL 0.2752 will be paid per 100 shares, representing TL 1 nominal value starting from May 26, 2011 11

  12. Slide 12: Financial Review

    Financial Review N. Orhun Köstem CFO

  13. Slide 13: Introduction to Financial Statements

    Introduction to Financial Statements Basis of Preparation Consolidated / TL/$ TL/$ International* Turkey Year-End Average Functional TL USD March 31, March 31, Currency 2011 1,5483 2011 1,5706 Reporting December March 31, TL USD Currency 31, 2010 1,5460 2010 1,5019 Presentation ∆ 0.1% ∆ 4.6%  Accou

  14. Slide 14: Key Financials – Consolidated

    Key Financials – Consolidated Change 1Q11 1Q10 % Volume 137.1 112.5 21.8% Net Sales 587.3 444.9 32.0% EBITDA 61.5 53.3 15.5% Consolidated (TL million) EBITDA 10.5% 12.0% (1.5 pp) Margin Net Income 8.3 8.8 (5.3%) Volume 105.5 87.5 20.6% Net Sales 461.0 354.3 30.1% Turkey (TL million) EBITDA 54.0 47.0

  15. Slide 15: Financial Expenses

    Financial Expenses Financial Income / (Expense) Breakdown 1Q11 1Q10 (TL million) Interest income 11.6 12.1 Interest expense (-) (12.9) (11.5) Foreign exchange gain / (loss) 2.2 (1.9) Realized FX gain / (loss) - Borrowings (0.0) (1.3) Unrealized FX gain / (loss) - Borrowings (6.6) 2.1 Gain / (loss) o

  16. Slide 16: Debt Structure

    Debt Structure Million 1Q11 FY10 ∆ USD denominated* 597 548 9% EURO denominated* 44 43 0% TL denominated 274 294 -7% Other (in USD terms) 35 10 256% Total Financial Debt in TL 1347 1246 8% Total Cash & Equivalent in TL 565 599 -6% Net Debt in TL 783 647 21% Net Debt in US$ 505 418 21% Maturity Date

  17. Slide 17: Closing Remarks

    Closing Remarks Closing Remarks Michael A. O’Neill CEO Michael A. O’Neill CEO

  18. Slide 18: Thank you

    Thank you Coca-Cola Icecek Investor Relations Tel: +90 216 528 3386 Fax: +90 216 365 8457 CCI-IR@cci.com.tr www.cci.com.tr

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