Coca-Cola HBC AG · LSE:CCH
Coca-Cola HBC — Shareholder Meeting (May 2023)
15 slides from Coca-Cola HBC's shareholder meeting presentation, May 17, 2023
Slide 1: Coca-Cola HBC 2023 AGM
1 Coca-Cola HBC 2023 AGM
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: Growth story priorities driving strong performance
01 02 Growth story priorities Winning in driving strong a growing market performance 03 04 Enabling our Delivering strong customers’ success financial results, while through our people navigating inflation 05 Investing to become the leading 24/7 beverage partner 3 Coca-Cola HBC 2023 AGM
Slide 4: Strong financial progress
Strong financial progress Organic revenue growth Comparable EBIT Returns +14.2% €929.7 million €645 million fcf +22.7% Ex Russia & Ukraine 1.3% organic growth 14.1% ROIC Financial indicators on a comparable basis exclude the recognition of restructuring costs, unrealised commodity hedging results an
Slide 5: Sparkling gaining share versus branded and private label
Sparkling gaining Sparkling and Energy Flexible plans, Consumer share versus resilient and capabilities and tools behaviour resilient branded and private continue to be to adapt to every across a majority of label1 drivers of growth environment markets 1. Source: Nielsen 5 Coca-Cola HBC 2023 AGM
Slide 6: Progress in Egypt
Progress in Egypt Building a stronger business Improving Integrating teams capabilities Improving efficiency Expanding portfolio Incorporating ESG Adapting to short-term realities Increasing price to Returnable glass manage inflation and portfolio offers Growing Opportunity Opportunity FX weakness a
Slide 7: Leading in sustainability
Leading in sustainability • Ranked world’s most sustainable beverage Converted disused plant to recycling company by Dow Jones Sustainability Index technology at Gaglianico, Italy 2022 for 6th time transforms up to 30,000 tonnes of PET p.a. • PACKAGING AND CLIMATE 100% renewable electricity − Pr
Slide 8: Consistently strong top-line performance
Consistently strong top-line performance Organic growth excluding RU & UKR | 2022 20.6% 14.2% 25.2% 5.8% 22.7% 12.1% 15.9% 14.0% 13.4% -1.5% -4.6% 11.6% 8.1% -4.1% Revenue Volume Price/mix H1 FY -8.5% Organic financial indicators exclude the impact from foreign currency translation and consolidation
Slide 9: Managing significant cost inflation in 2022
Managing significant cost inflation in 2022 How we are managing: 3% 21% Pricing and other RGM actions 31% COGS/ UC +18% Long term contracts with suppliers and hedging 45% Concentrate Raw materials, packaging & finished goods Productivity and Overheads & haulage operational efficiencies Depreciation
Slide 10: Organic EBIT up 1.3% despite cost inflation
Organic EBIT up 1.3% despite cost inflation Organic EBIT growth +1.3% Comparable EBIT growth +11.9% 929.7 831.0 831.0 ex. Cyprus 808.0 OPEX AS MARKETING asset sale % OF SALES EXPENSES 24.6% +11.5% -50 bps vs 2021 Ex Russia and Ukraine FY 2021 FY 2022 Financial indicators on a comparable basis exclud
Slide 11: EPS up 7.7%
EPS up 7.7% • Another year of robust EPS progress EPS Payout ratio • Finance costs increased €15.1 million due to consolidation of Egypt +7.7% 46% • Comparable tax rate of 26%, at the mid point Comparable net profit Dividend per share of our guidance 25% to 27% €m € Earnings 1.706 per share • Divide
Slide 12: Another year of investment and record FCF generation
Another year of investment and record FCF generation • Capex up €49 million year on year with investments across: Capex FCF − capacity expansion in growth markets and on +€49m +€44m targeted package formats − cooler expansions to drive single-serve Capital expenditure % Free cash flow €m consumption
Slide 13: Continued ROIC expansion
Continued ROIC expansion • ROIC at 14.1%, or 15.8% excluding Egypt acquisition ROIC − increased profitability vs 2021 +100bps (ex Egypt) − improved capital turnover Ex. Cyprus Ex. − cycling the Cyprus property sale which added asset sale 15.8% Egypt 14.4% 14.8% 40bps in prior year ROIC 13.7% 14.2% 1
Slide 14: Organic revenue growth of 22.2%
Organic revenue Group organic revenue growth1 of 22.2%, up 16.2% excluding Russia and Ukraine Reported net sales Strong organic revenue up 24.4% revenue growth across all segments Continued to invest in our 24/7 portfolio 1For details on Alternative Performance Measures (‘APMs’) refer to ‘Alternativ
Slide 15: Organic revenue growth above 5% to 6% average
Organic revenue Organic EBIT growth above 5% growth at the top to 6% average end of the range - target range 3% to +3% COGS per case increase by low teens 15 Coca-Cola HBC 2023 AGM