Kofola Ceskoslovensko As · PSECZ:KOFOL
Kofola Ceskoslovensko As — FY2024 Earnings Presentation
62 slides from Kofola Ceskoslovensko As's earnings presentation, May 21, 2025
Slide 1: 12m 2024 Kofola Group Investor Presentation
12m 2024 21 May 2025 KOFOLA GROUP INVESTOR PRESENTATION
Slide 2: Dear shareholders
Dear shareholders, Getting to the top is hard but staying there is even harder. I’ve opened with this old sports saying since its message will resound throughout this introduction. Why? Because in 2024, Kofola broke through to new heights in many ways, achieving outstanding results. But 2025 has bro
Slide 3: Kofola Group
KOFOLA GROUP Is today one of the most important beverage producers in Central and Eastern Europe. CZK 11.08 bn (EUR 441.18 m) Revenue 12M 2024 CZK 1.85 bn (EUR 73.69 m) EBITDA 12M 2024 14 Production plants Headquarters Production plants 3,300+ Employees 21 CZK per share BoD proposal of dividend for
Slide 4: Our roots are in Czechoslovakia
Our roots are in Czechoslovakia Production plants Offices Mnichovo Hradiště Moravský Beroun Agricultural sites Stráž nad Ohří Hanušovice Krnov Praha Slatiňany Ostrava Libina Jažlovice Nový Jičín Plzeň Přerov Rajecká Lesná Kláštor pod Znievom Košice České Budějovice Strážnice Bratislava
Slide 5: The Group's long-term ambition is to be the market leader
Sales in countries where Kofola Group the Group’s long-term ambition is number one or two in the soft drinks is to be the market leader market account for 88% of our total revenue. Czechia Slovakia Slovenia Croatia Soft drinks market position
Slide 6: Our beverage portfolio covers all categories
our beverage portfolio covers all categories Distributed Category Most important own brands and license brands Carbonated Beverages Waters Non-carbonated Beverages Syrups Fresh & Salad Bars Beers & Ciders Other
Slide 7: Long-term development
Long-term development Revenue* (CZKm) EBITDA* (CZKm) Excl. acquisitions EBITDA margin 17.5% 16.7% 17.0% 16.7% CAGR 14.7% 11,082 14.1% 14.4% 1,394 CAGR 13.4% 8,690 1,852 0 7,875 0 301 6,410 6,636 67 6,172 112 530 1,253 9,688 0 8,690 1,119 1,128 1,110 7,875 1 1,030 11 0 6,525 1,551 6,343 75 5,641
Slide 8: Highlights
highlights This year's Beats for Love will rewrite the festival's history and open up a whole new dimension to this iconic celebration of electronic music. And Kofola will be there. We have become an official partner of the festival, to which it will bring a number of new features and the Square of
Slide 9: How we think about our activities
HOW WE THI N K About our ac tivities Our Sustainability report is a part of the Annual report, which is available at our website.
Slide 10: We believe in
Protection of water sources Waste utilization We believe in Local materials Smart packaging Environmentally friendly solution production processes
Slide 11: We strive to preserve water resources for future generations
we strive to preserve water resources for future generations In Rajecká Lesná and around Ondrášov, together with local authorities and farmers, we are creating BIO certified sites. We take care of nature wherever we are at home. In Slovakia, we established an organisation to support landscape revita
Slide 12: We look for direct sources of quality ingredients
we look for direct sources of quality ingredients, which we learn to grow ourselves We grow our own herbs We’re breaking into apple In 2023, we acquired a share and use them in our drinks. growing. We planted in the coffee plantations in We prefer local ingredients a special variety for Colombia, ga
Slide 13: Beverages are produced using modern technologies
beverages are produced using modern technologies that ensure quality and healthiness Thanks to High Pressure The filling of beverages on Pascalization, UGO juices the aseptic line takes place do not lose their colour, in a sterile environment. taste or vitamins and last As a result, no preservatives
Slide 14: We take a reduce-reuse-recycle approach to packaging
we take a reduce-reuse-recycle approach to packaging REDUCE We don’t pack 75 million draft We lighten pints at all. PET packaging. REUSE We prefer We use returnable reusable bottles and porcelain packaging. tableware in HoReCa. RECYCLE Thanks to deposit return We use We are co-owners of a PET system
Slide 15: Waste is not the end for us, but often the beginning
Waste is not the end for us, but often the beginning The best waste is the waste Together with Biopekárna We give new life to old that does not happen. We use Zemanka, we can bake parasols. We can make reusable transport packaging healthy biscuits from the practical bags out of them.. as well as pal
Slide 16: Vision 2030
Vision 2030 New ways Healthy Sustainability products Support for localities Customer’s and agriculture first choice Independent Good and happy people householder
Slide 17: Kofola Group Results
KOFOLA GROUP RESULTS _ Yo
Slide 18: Kofola Group Key 4Q 2024 financial indicators
Kofola Group Key 4Q 2024 financial indicators * Revenue (CZKm) Revenue per main business segments (CZKm)** 4Q24 4Q23 2,606 1,619 2,070 1,468 304 307 340 343 295 - 4Q24 4Q23 CzechoSlovakia Adriatic Beers & Ciders Fresh & Herbs EBITDA (CZKm) EBITDA per main business segments (CZKm) Profit/(loss) for t
Slide 19: Kofola Group Key 12M 2024 financial indicators
Kofola Group Key 12M 2024 financial indicators * Revenue (CZKm) Revenue per main business segments (CZKm) Comparison with preliminary results 11,082 EBITDA 6,848 12M24 12M23 6,209 8,690 Preliminary results published CZK 1.87 bn MIXA VENDING – change of CZK (0.023) bn consolidation method 1,681 1,513
Slide 20: Revenue by product line
Revenue by product line Revenue QTD (CZKm) 941 846 4Q24 4Q23 602 600 396 161 168 155 137 207 144 193 126 - Carbonated beverages Waters Non-Carbonated Syrups Beers & Ciders Fresh bars & Salads Other beverages Revenue YTD (CZKm) 12M24 12M23 3,875 3,397 3,107 2,831 1,188 1,043 713 707 589 544 567 482 7
Slide 21: Revenue by countries
Revenue by countries Revenue QTD (CZKm) 1,389 4Q24 4Q23 1,208 635 496 202 202 203 79 79 98 45 40 Czech Republic Slovakia Slovenia Croatia Poland Other Revenue YTD (CZKm) 6,178 12M24 12M23 4,898 2,531 2,104 1,041 960 500 427 358 109 474 192 Czech Republic Slovakia Slovenia Croatia Poland Other 21
Slide 22: Key messages
Key messages * qTD results YTD results INNOVATIONS Group‘s revenue increased by 536.2 Group‘s revenue increased by 2,391.9 New identity for F.H.Prager - new CZKm (25.9%). CZKm (27,5%). products, entry into foreign markets and doubled turnover. Group‘s EBITDA higher by 145.6 Group‘s EBITDA higher by
Slide 23: Our business is healthy diversified
OUR BUSINESS is healthy diversified
Slide 24: Our business consists of four main segments
our business consists of four main segments CzechoSlovakia Adriatic Fresh & Herbs Beers & Ciders 24
Slide 25: Revenue qTD | Czechoslovakia
CzechoSlovakia Adriatic Fresh & Herbs Beers & Ciders Revenue qTD | Czechoslovakia CS Adriatic F&H B&C Revenue by packaging formats* (CZKm) Sales in litres (´000) At home On the go On premise 11% CZECHIA 4Q24 4Q23 Change On premise 4,994 5,663 (11.8%) 22% 1,581 On the go 12,645 12,656 (0.1%) 67%
Slide 26: Revenue YTD | Czechoslovakia
CzechoSlovakia Adriatic Fresh & Herbs Beers & Ciders Revenue YTD | Czechoslovakia CS Adriatic F&H B&C Revenue by packaging formats* (CZKm) Sales in litres (´000) At home On the go On premise 6,743 14% CZECHIA 12M24 12M23 Change 6,143 On premise 28,865 29,583 (2.4%) 1,129 1,057 24% On the go 63,6
Slide 27: Revenue and EBITDA | Czechoslovakia
CzechoSlovakia Adriatic Fresh & Herbs Beers & Ciders Revenue and EBITDA | Czechoslovakia CS Adriatic F&H B&C Adjusted EBITDA (CZKm) Long-term view | Adjusted EBITDA (CZKm) EBITDA EBITDA margin Revenue EBITDA EBITDA margin 21.1% 19.6% 15.5% 17.0% 15.1% 17.0% 13.9% 15.1% 6,848 6,209 7.2% 5,641 1,165 4
Slide 28: Revenue qTD | Adriatic
CzechoSlovakia Adriatic Radenska Adriatic Fresh & Herbs Beers & Ciders Revenue qTD | ADRIATIC CS Adriatic F&H B&C Revenue by packaging formats* (CZKm) Sales in litres (´000) At home On the go On premise SLOVENIA 4Q24 4Q23 Change 27% On premise 4,121 4,116 0.1% 281 286 47% On the go 3,271 3,081 6
Slide 29: Revenue YTD | Adriatic
CzechoSlovakia Adriatic Radenska Adriatic Fresh & Herbs Beers & Ciders Revenue YTD | ADRIATIC CS Adriatic F&H B&C Revenue by packaging formats* (CZKm) Sales in litres (´000) At home On the go On premise 25% SLOVENIA 12M24 12M23 Change 1,617 On premise 19,017 18,120 5.0% 1,464 47% On the go 17,84
Slide 30: Revenue and EBITDA | Adriatic
CzechoSlovakia Adriatic Radenska Adriatic Fresh & Herbs Beers & Ciders Revenue and EBITDA | ADRIATIC CS Adriatic F&H B&C Adjusted EBITDA (CZKm) Long-term view | Adjusted EBITDA (CZKm) EBITDA EBITDA margin Revenue EBITDA EBITDA margin 15.9% 15.9% 14.4% 12.9% 13.5% 13.5% 12.0% 1,681 268 1,513 1,410 20
Slide 31: Fresh & Herbs | UGO
CzechoSlovakia Adriatic Fresh & Herbs Beers & Ciders Fresh & Herbs* | UGO €22.3M CS Adriatic F&H B&C Revenue (CZKm) Stores split €3.8M Fresh bars & Salad bars Franchise Own Bottles Packaged food 2 Mladá 631 Boleslav Karlovy Hradec 74 51% Current 49% Vary Králové 536 Praha 64Opava 75 22150+ Salad bar
Slide 32: Fresh & Herbs | Leros and Premium Rosa
CzechoSlovakia Adriatic Fresh & Herbs Beers & Ciders Fresh & Herbs* | LEROS and Premium Rosa €22.3M CS Adriatic F&H B&C Revenue (CZKm) €3.8M Premium Rosa Leros 517 2 Producer of premium natural products such as syrups, Mladá Boleslav 432 juices and jams. Karlovy Hradec Vary Králové Praha 317 Opava 1
Slide 33: Revenue and EBITDA | Fresh & Herbs
CzechoSlovakia Adriatic Tea,Fresh Herbs&and Herbs Fresh Beers & Ciders Revenue and EBITDA | Fresh & Herbs €22.3M CS Adriatic F&H B&C Adjusted EBITDA (CZKm) Long-term view | Adjusted EBITDA (CZKm) €3.8M EBITDA EBITDA margin Revenue EBITDA EBITDA margin 11.4% 12.4% 12.9% 12.4% 6.5% 2 10.9% Mladá 11.4%
Slide 34: Performance YTD | Beers & Ciders
CzechoSlovakia Adriatic Radenska Adriatic Fresh & Herbs Beers & Ciders performance YTD* | Beers & Ciders CS Adriatic F&H B&C Revenue by packaging formats (CZKm) Sales in litres (´000) CZ brand Export Other 1% Breweries 9M24 9M23 Change CZ Brand 53,680 50,450 6.4% 34% 1,617 Export 34,140 31,401 8
Slide 35: Consolidated financial performance indicators
Consolidated financial performance indicators
Slide 36: Selected financial performance indicators
Selected financial performance indicators CAPEX (CZKm) Working Capital (WC)* (CZKm) Free CF (CZKm) ROCE** 12M24 12M23 12M24 12M23 12M24 12M23 12M24 12M23 Adjusted Adjusted 1,851.0 1,253.4 1,176.9 719.0 EBITDA EBIT Change of WC (2.3) 65.2 Total assets 11,021.0 8,027.6 (186) (179) CAPEX (824.6) (417.1
Slide 37: Selected financial performance indicators
Selected financial performance indicators Net debt (CZKm) Net debt / adjusted LTM EBITDA Gross and net debt calculation (CZKm) Net debt / LTM 31-12-24 31-12-23 adjusted EBITDA Cap L/T bank loans 3,692.1 3,153.9 3,954 L/T lease liabilities 299.4 215.9 S/T bank loans 1,077.0 447.3 3.5× S/T lease liabi
Slide 38: Packaging and sweeteners are two main cost drivers
packaging and sweeteners are two main cost drivers Group direct material costs* Packaging Sweeteners Other (e.g. concentrates, aromas) 18.7% 16.6% 31.4% 36.6% 49.9% 46.8% 2024 2023 * Excl. F&H and Breweries segment. 38
Slide 39: M&A
M&A
Slide 40: M&A Strategy | where we invest?
M&A Strategy | where we invest? Authentic healthy raw materials Extension of our portfolio Mineral water Strong love brands Synergies with current business Geographic expansion European countries up to 10 million inhabitants No. 1 or 2
Slide 41: Goals
goals
Slide 42: Goals
Goals 2025 EBITDA CZK 1.9-2.0 bn Revenue growth 3% Max CAPEX (% of EBITDA) 60% Dividend per share ≥13.5 CZK Net debt / EBITDA 2.1 42
Slide 43: Revenue development
Revenue development Period Change 1Q 2025 vs 1Q 2024 – Value c. (8%) 1Q 2025 vs 1Q 2024 – Volume c. (9%) 43
Slide 44: Floods
Floods The Czech Republic was hit by severe floods in September 2024. Production plant in Krnov was the one hit the most by the floods together with new brewery locations Hanušovice and Litovel. Insurance compensation connected to floods amounts to CZK 174.9 million. This amount also includes
Slide 45: More about Kofola
More about kofola
Slide 46: Our work is also appreciated by our surroundings
our work is also appreciated by our surroundings LEMUR PR Awards The Kláštorná Kalcia brand won three medals PIVEX Golden Cup competition at the LEMUR PR Awards – two golds and one The Zubr and Litovel breweries confirmed bronze. The jury appreciated not only the their exceptional quality at the 32n
Slide 47: We maintain a family spirit across 6 countries
We maintain a family spirit even though we have activities in 6 countries on 2 continents Czechia 1993 Slovakia 1998 Poland 2008 Slovenia 2015 Croatia 2016 Colombia 2023
Slide 48: We are not afraid to enter new segments
we are not afraid to enter new segments and learn new things 1990 2000 2010 2020 1993 Soft drinks 2003 HoReCa 2012 Fresh bars 2014 Salad bars 2018 Tea and herbs 2019 Coffee 2020 Ciders 2022 Herbal cosmetics 2023 Marketplace Supplo 2024 Vending machines 2024 Beer
Slide 49: We seek and utilize opportunities around us
We seek and utilize opportunities around us Overview of key acquisitions 2000 2010 2020 2002 2012 2020 2014 2021 2015 2008 2023 Coffee plantations 2016 2024 2017 2018 2011 Apple plantations 2019
Slide 50: What we have achieved in the last three years
What we have achieved in the last three years 2022 2023 2024 We introduced the Cirkulka Through acquisitions, we returnable bottle system. entered two new segments – brewing and beverage vending machines. After herbs, we also learn to grow apples and coffee. We started developing We have launched st
Slide 51: Stable ownership structure
stable ownership structure allows us to focus on the 67.22% Lykos alfa a.s.* development of the Group Majority shares in hands of: 27.23% Free float (others) Jannis Samaras Currently 6.1 million shares at Prague Stock Exchange. . Niky and René Sommer Radenska 4.60% d.o.o. RADENSKA is considering the
Slide 52: Shares owned by key management persons
Shares owned by key management persons Development in years by type of transaction Increase Decrease 36,997 224,797 6,486 37,884 23,265 22,615 19,064 3,861 12,235 22,321 9,109 15,059 18,709 20,403 20,215 * Entitlement from Option scheme 52
Slide 53: Kofola listed on PSE
Kofola listed on PSE Earnings per share (CZK) Dividends per share (CZK) Dividend policy EPS P/E 27 29 Approximately CZK 300 million in each financial 25 21.00 year. Subject on sufficient funds being available 18 for distribution (distributable resources) without 16 13.50 13.50 13.50 jeopardizing the
Slide 54: Appendix
appendix
Slide 55: Results of Kofola Group | 12M 2024
Results of Kofola Group | 12M 2024 Reconciliation of reported and adjusted results (CZKm) Reported One-offs Adjusted One-offs Revenue 11,082.0 - 11,082.0 Insurance compensation connected to floods of CZK 174.9 million (CzechoSlovakia segment and Fresh & Herbs Cost of sales (6,037.1) - (6,037.1) segm
Slide 56: Group Results Comparison 12M
Group Results Comparison 12M * (CZKm) 12M24 12M23 Change Change (%) Comments Revenue 11,082.0 8,690.1 2,391.9 27.5% Organic business growth is driven mainly by volume increase (in liters). Impact of newly Cost of sales (6,037.1) (4,802.7) (1,234.4) 25.7% acquired companies on revenue is 1,545 CZKm.
Slide 57: Group Results Comparison 4Q
Group Results Comparison 4Q * (CZKm) 4Q24 4Q23 Change Change (%) Comments Revenue 2,606.3 2,070.1 536.2 25.9% Group results in 4Q24 are higher in comparison to 4Q23 mainly as a result of Cost of sales (1,523.2) (1,186.2) (337.0) 28.4% new business segment Beers & Ciders - revenue in 4Q24 in the tota
Slide 58: Consolidated Income Statement
Consolidated Income Statement* (CZKm) 2024** 2023** 2022** 2021** 2020** Revenue 11,082.0 8,690.1 7,875.3 6,636.2 6,171.5 Cost of sales (6,037.1) (4,802.7) (4,564.0) (3,710.2) (3,349.5) Gross profit 5,044.9 3,887.4 3,311.3 2,926.0 2,822.0 Selling, marketing and distribution costs (3,201.0) (2,487.8)
Slide 59: Consolidated statement of financial position
Consolidated statement of financial position (CZKm) 31.12.2024* 31.12.2023* 31.12.2022* 31.12.2021* 31.12.2020* Non-current assets 7,246.1 5,130.3 5,089.0 5,306.3 5,683.6 Current assets 3,626.9 2,897.3 2,414.4 1,929.2 1,853.7 Total assets 10,873.0 8,027.6 7,503.4 7,235.5 7,537.3 Equity attributable
Slide 60: Consolidated statement of cash flows
Consolidated statement of cash flows (CZKm) 2024* 2023* 2022* 2021* 2020* Net cash flows from operating activities 1,676.1 1,484.7 922.8 1,142.0 785.0 Net cash flows from investing activities (2,335.8) (396.1) (382.2) (230.5) (1,349.3) Net cash flows from financing activities 809.7 (656.3) (296.3) (
Slide 61: Contact
Contact Should you have any question related to Kofola Group do not hesitate to contact our investor relations office: Jiří Rypar investor@kofola.cz + 420 737 118 957 http://investor.kofola.cz/en Kofola ČeskoSlovensko a.s. Nad Porubkou 2278/31a 708 00 Ostrava – Poruba Czech Republic
Slide 62: Authorization and Disclaimer
Authorization This presentation has been authorized by the Board of Directors of Kofola ČeskoSlovensko a.s. on 21 May 2025. This presentation (“the Presentation”) has been prepared by Kofola reliability of the information contained in this Presentation. Neither the ČeskoSlovensko a.s. (“the Company”
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