Coca-cola Bottlers Japan Holdings Inc. · TSE:2579
Coca-cola Bottlers Japan — Q3 2024 Earnings Presentation
27 slides from Coca-cola Bottlers Japan's earnings presentation, Nov 7, 2024
Slide 1: Third Quarter 2024 Earnings Presentation
Third Quarter 2024 Earnings Presentation November 7, 2024 Coca-Cola Bottlers Japan Holdings Inc. Calin Dragan, President Bjorn Ivar Ulgenes, Vice President & CFO (Posted to CCBJH website November 6, 2024)
Slide 2: Third Quarter 2024 Earnings Presentation agenda
Coca-Cola Bottlers Japan Holdings Inc. (CCBJH) Third Quarter 2024 Earnings Presentation Q3YTD 2024 Results Marketing Update 2024 Full-Year Earning Revision Mid- to Long-Term Shareholder Value Improvement 2
Slide 3: Today's Highlights
Today’s Highlights Q3YTD business income 14.7 billion yen, 2.5 times greater than last year. With good earnings progress, full-year earnings forecast revised upward. 2024 full-year business income now expected to be 11.5 billion yen, 5.7 times higher than previous year. Cumulative revenue increased
Slide 4: Q3YTD 2024 Results
Q3YTD 2024 Results
Slide 5: Earnings improvement trend accelerated, three consecutive quarters of revenue and profit growth
Q3YTD Results (vs 2023) Earnings improvement trend accelerated, achieved three consecutive quarters of revenue and profit growth Unit: Million JPY Q3YTD 2024 Q3YTD 2023 Change YoY Actual Actual YoY Revenue 676,612 663,825 +12,788 +1.9% Sales Volume (Million Cases) 385 379 +6 +2% NARTD (Non-alcoholic
Slide 6: Top-line growth and transformation savings resulted in BI of 14.7B yen
Q3YTD Drivers of Business Income (vs 2023) Top-line growth and transformation savings resulted in BI of 14.7B yen, 2.5 times previous year Q3YTD 2023 Volume, DME Commodity & Q3YTD 2024 Transformation (Direct Marketing Manufacturing Others Actual Price & Mix* (ex. Utility Cost) Utility Cost Actual Ex
Slide 7: New products drive volume, wholesale revenue per case growth continues
Q3YTD NARTD Sales Trend (vs 2023) New products drive volume, wholesale revenue per case growth trend continues Sales volume grew 2% with contribution of new products and effective commercial initiatives, steadily capturing increased demand from heat wave and other factors. Wholesale revenue per case
Slide 8: Profitability focused activities led value share growth and sustained price premium
Q3YTD Market Share and OTC Retail Price Trends (vs 2023) Profitability focused activities led value share growth and sustained price premium Total channel value share maintained growth trajectory and grew 0.4 pts. VM value share continued to grow in an environment where channel trend declined. In OT
Slide 9: Growth strategy during peak demand period contributed to top-line growth
Topics Growth strategy during peak demand period contributed to top-line growth and building a foundation for future earnings Profitability focused Enhancing portfolio edge Expand sales space commercial activity Fully leveraging strong Ayataka Activities tailored to characteristics Optimized marketi
Slide 10: Initiatives for building a sustainable supply chain are steadily progressing
Topics Initiatives for building a sustainable supply chain are steadily progressing Expanding manufacturing capacity to strengthen Collaboration towards establishing local production for local consumption model a sustainable supply infrastructure • Expand manufacturing capacity in Tokai region, key
Slide 11: Marketing Update
Marketing Update
Slide 12: Grew revenue & value share through strong campaigns & activations
Q3YTD 2024 Marketing Initiative Review Grew revenue & value share through strong campaigns & activations MARKETING CORE INNOVATIONS EXPERIENCE Aquarius ORS Paris Olympics Ayataka Core Renewal Communication Portfolio Promotion with New Campaign #2 as the official Food for Medical Use Coke with Meat F
Slide 13: Further strengthen CORE through campaigns & innovations
Q4 2024 Marketing Initiative Highlights Further strengthen CORE through campaigns & innovations MARKETTING MARKETING INITIATIVES EXPERIENCE Coca-Cola TM Coca-Cola TM Winter Campaign Christmas Drone Show Ayataka Core Winter Campaign & Code Under the Cap Promotion Georgia Samurai Japan Winter Campaign
Slide 14: 2024 Full-Year Earning Revision
2024 Full-Year Earning Revision
Slide 15: Raised full-year earnings forecast reflecting good progress and price revision benefits
2024 Full-Year Earning Revision Raised full-year earnings forecast, reflecting good earnings progress and inclusion of price revision benefits Key Points Top-line growth and cost management led to accelerated profit growth trend • Volume grew by 2%, above original plan. Driven by Ayataka growth acce
Slide 16: Revised up revenue and profit vs initial plan
2024 Full-Year Revised Plan (vs 2023, vs Initial Plan) Revised up revenue and profit vs initial plan. Target BI growth of 9.5 billion yen vs previous year Unit: Million JPY FY2024 Change Change vs vs Initial YoY Revised Plan YoY Initial Plan Plan Revenue 888,000 +19,419 +2.2% +5,600 +0.6% Sales Volu
Slide 17: BI target of 11.5 billion yen, 5.7 times previous year
2024 Full-Year Revised Plan, Drivers of Business Income (vs 2023) BI target of 11.5 billion yen, 5.7 times previous year driven by top-line growth FY2023 Volume, DME Commodity & FY2024 Transformation Manufacturing Others (Direct Marketing Actual Price & Mix* (ex. Utility Cost) Utility Cost Revised P
Slide 18: Mid- to Long-Term Shareholder Value Improvement
Mid- to Long-Term Shareholder Value Improvement
Slide 19: Based on Vision 2028, comprehensive shareholder returns on an unprecedented scale
Mid- to Long-Term Shareholder Value Improvement Based on “Vision 2028”, implement comprehensive shareholder returns on an unprecedented scale With good business performance and outlook for earnings and cash generation, implement comprehensive shareholder return program ahead of plan to enhance share
Slide 20: Summary
Summary Earnings set to exceed initial plan for important first year of Strategic Business Plan “Vision 2028”. Full-year business income to grow 5.7 times over last year to 11.5 billion yen. Business income progressing well, in line with “Vision 2028”. Based on results so far, will pursue sustainabl
Slide 21: Thank You
THANK YOU Investor Relations Coca-Cola Bottlers Japan Holdings Inc. ir@ccbji.co.jp https://en.ccbj-holdings.com/ir/
Slide 22: Appendix
Appendix
Slide 23: Q3QTD (Jul - Sep) Results (vs 2023)
Q3QTD (Jul - Sep) Results (vs 2023) Unit: Million JPY Q3 2024 Q3 2023 Change YoY Actual Actual YoY Revenue 265,158 259,715 +5,443 +2.1% Sales Volume (Million Cases) 153 149 +4 +3% NARTD (Non-alcoholic ready to drink) Beverage Volume (Million Cases) 152 148 +4 +3% COGS 142,839 141,917 +922 +0.6% Gros
Slide 24: NARTD Sales Volume by Channel / Category / Package
NARTD Sales Volume by Channel / Category / Package (vs 2023) Q3QTD (Jul to Sep) Sales Volume +3% By Package Q3YTD (Jan to Sep) By Channel Wholesale Package Volume Channel Volume revenue per case 3% (Yen) S-PET +5% 6% 1% Supermarket (SM) +2% +10 11% M-PET +11% 5% 23% L-PET -5% 16% Drug & Discounter (
Slide 25: ESG Initiatives: Focus on initiatives that create value
ESG Initiatives: Focus on initiatives that create value ------------------------------------------------------------------ Major Initiatives --------------------------------------------------------------- --------------Values-------------- Began production of Georgia using world's lightest*1 aluminu
Slide 26: We bottle happy moments.
mn HIUDIS. We bottle happy moments.
Slide 27: Forward-looking Statements
Forward-looking Statements The plans, performance forecasts, and strategies appearing in this material are based on the assumptions and judgment of the management of Coca-Cola Bottlers Japan Holdings Inc. (CCBJH or Company) in view of data obtained as of the date this material was released. These fo
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