Coca-cola Icecek A.s. · BIST:CCOLA
Coca-cola Icecek A.s — Q1 2025 Earnings Presentation
17 slides from Coca-cola Icecek A.s's earnings presentation, 2025
Slide 1: 1Q25 Results
1Q25 Results 1Q25 RESULTS 1 PUBLIC
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
Slide 3: Important Disclaimer
Important Disclaimer Based on the CMB's decision dated 28 December 2023 and numbered 81/1820 and the "Implementation Guide on Financial Reporting in High Inflation Economies" published by the POA with the announcement made on 23 November 2023, issuers and capital market institutions subject to finan
Slide 4: Navigated a Challenging Quarter and Created Significant Volume Growth to Support Long-Term Value
Nov 1, 2023 Navigated a Challenging Quarter and Created Significant Volume Growth to Support Long-Term Value Affordability Drove Volume Growth Execution & Mix Improvement On Track Profitability • Robust volume growth across all markets, • Immediate Consumption package share • Gross margin declined b
Slide 5: Consolidated Volume
Consolidated Volume Solid Performance in Both Sparkling and Stills Categories Sparkling Stills Immediate Consumption Share y/y y/y y/y +16.9% +8.7% -199bps Highlights Fusetea Traditional share My Coke +18.6% y/y +13.2% y/y -184bps Sprite Water Low/No sugar share in Sparkling +21.0% y/y -9.2% y/y +17
Slide 6: Türkiye
Türkiye 33% Share of Volume in Total CCI Continuation of volume momentum prioritized with effective consumer activations 1Q25 Volume Net Sales EBITDA Performance Revenue (exc.other) Sparkling mn UC bn TL bn TL 15.6% y/y growth in My Coke +14.0% y/y -2.6% y/y Stills +8.4% y/y n.m.% y/y 12.1% y/y grow
Slide 7: International
International 67% Share of Volume in Total CCI Robust volume growth supported by strong contributions from each of our operating markets 1Q25 Volume Net Sales EBITDA Performance Revenue (exc.other) Sparkling mn UC bn TL bn TL 19.9% y/y growth in My Coke +18.0% y/y -4.9% y/y -10.6% y/y Stills +16.1%
Slide 8: Largest International Markets
Largest International Volume (y/y) • On-Premise channel grew ahead (y/y) Markets +11.7% 14% of the market • 97 bps y/y increase in the share 1Q25 of Immediate Consumption Kazakhstan Volume (y/y) • 113 bps y/y increase in On-Premise +8.4% 9% channel share • 31% growth y/y in My Coke Uzbekistan Volume
Slide 9: Financial Review
FINANCIAL REVIEW 1Q25 RESULTS 9 PUBLIC
Slide 10: Summary Financials
Summary Financials Affordability focus, accelerating trade promotions and consumer marketing activities ahead of the Ramadan weighed on profitability Net Sales EBIT Net Revenue (TL) (TL) Income (TL) 36.2 BILLION 2.9 BILLION -35.2% y/y 1.3 BILLION -66.0% y/y -3.8% y/y 7.9% MARGIN -385 bps 3.5% MARGIN
Slide 11: Per UC Metrics
Nov 1, 2023 Per UC Metrics Without TAS 29, NSR/uc grew by 17.4% to TL 92.6 in 1Q25 Consolidated (TL) - with TAS 29 Net Sales Revenue COGS EBIT per UC per UC per UC 110.2 93.4 73.7 65.0 13.0 7.4 1Q24 1Q25 1Q24 1Q25 1Q24 1Q25 -15.2% y/y -11.9% y/y -42.9% y/y Without TAS 29: Without TAS 29: Without TAS
Slide 12: Dynamic Hedging
Nov 1, 2023 Dynamic Hedging Securing long term visibility & controlled cost base COGS Breakdown Proactive Risk Management Policy Hedging & Pre-buy Rates Cost of Sales Sugar Aluminium Resin 20% OVERHEAD 224 2025 20% 81%* 56% 72% SUGAR 30% PACKAGING 2025 30% CONCENTRATE *75%, in markets where financia
Slide 13: Net Income Development
Net Income Development 645bps decline in Net Income y/y -66.0% y/y (mTL) -2.5 billion 10.0% 3.5% 1,448 52 63 3,751 892 1,254 1,232 1,275 1Q24 1Q25 NSR COGS OpEx Financial Inc/Exp. Monetary Gain/Loss Other* Net Income Net Income (*) Other includes Taxation, Investing Activities, Gain/Loss from JV and
Slide 14: Disciplined Financial Management
Disciplined Financial Management Low leverage and strong liquidity maintained Debt & Cash Gross Debt Cash Net Debt Composition / EBITDA Other 15% 1.3x Other 1.0x 43% 0.8x USD 50% $1.5B TRY USD 52% $585M 0.6x 27% EUR TRY 8% 5% 22 23 24 1Q25 FX Position Debt 113 $564m 232 Maturity $544m 38% 40% -860 3
Slide 15: Closing Remarks
CLOSING REMARKS 1Q25 RESULTS 15 PUBLIC
Slide 16: Supply Chain Excellence
Supply Chain Excellence Greenfield investments and continuous efficiency gains 6.7% Number of Plants & Production Capacity Capex Trend (% of NSR) on average 9.1% Total Number of Plants: 33 8.1% 8.4% Total Capacity: 2,188 million unit cases 7.3% 5.9% 6.3% 6.0% 6.2% 6.1% Kazakhstan 4.6% 3 259M uc 2016
Slide 17: For more information, please contact cci-ir@cci.com.tr
For more information, please contact cci-ir@cci.com.tr 1Q25 RESULTS 17 PUBLIC