Slide 1: Luckin Coffee 2026Q1 Earnings Presentation
Luckin Coffee 2026Q1 Earnings Presentation April 29, 2026
Slide 2: Disclaimer
Disclaimer This presentation contains certain financial measures that are not recognized under generally accepted accounting principles in the United States (“GAAP”), including non-GAAP operating income/(loss), non-GAAP net income/(loss), non-GAAP basic and diluted net income/(loss) per ADS . The pr
Slide 3: Business Update / Financial Highlights
BUSINESS 1 UPDATE FINANCIAL 2 HIGHLIGHTS
Slide 4: Business Update
1 BUSINESS UPDATE luckin coffe
Slide 5: Solid First Quarter with Expanding Store Network and Growing Transacting Customer Base
Solid First Quarter with Expanding Store Network and Growing Transacting Customer Base Total Net Revenues GMV(1) Average Monthly SSSG (3) Transacting Customers (2) (Self-Operated Stores) RMB12.0 billion RMB14.1billion 93.1million Broadly Flat +35.3% YoY increase +35.8% YoY increase +25.3% YoY increa
Slide 6: Extensive Store Network in China with Growing International Presence
Extensive Store Network in China with Growing International Presence Footprint in China Luckin Stores 33,419 +2,531 Worldwide Total store count* Net new store openings (1) QoQ 21,713(+1,569QoQ) Self-operated stores 11,706(+962 QoQ) Partnership stores Footprint outside China 177 +17 Total store count
Slide 7: Enhanced Customization and Product Quality Elevate Customer Experience
Enhanced Customization and Product Quality Elevate Customer Experience Customization Upgrade #From the Origin to You Larger Cup Size Options More Coffee Bean Selection More Iced & Hot SKUs Covering 25+SKUs 7
Slide 8: Robust Supply Chain Capabilities Support Sustainable Development of China's Coffee Industry
Robust Supply Chain Capabilities Support Sustainable Development of China’s Coffee Industry Empower the Development of Yunnan Coffee Origin Roasting Center in Qingdao The Inaugural Special Train Fresh Yunnan Bean Distribution From To Yunnan Luckin Factory ✓ China’s first large -scale branded coffee
Slide 9: Financial Highlights
FINANCIAL 2 HIGHLIGHTS
Slide 10: Solid Topline Growth with Margins Reflecting Higher Delivery Mix
Solid Topline Growth with Margins Reflecting Higher Delivery Mix Total Net Revenues Self -Operated Stores 20,000 20,000 18,000 (1) (2) (in million RMB) 18,000 Revenues from self-operated stores SSSG 16,000 (in million RMB) 16,000 (19.6)% 9.2% (0.1)% 14,000 14,000 11,995 12,000 12,000 YoY 10,000 8,86
Slide 11: Continued Store Expansion and User Growth Reinforce Long-term Market Positioning
Continued Store Expansion and User Growth Reinforce Long -term Market Positioning Number of Stores (1) Net New Store Openings(2) Average Monthly Transacting Customers (3) (in million) Self-operated stores Partnership stores * Self-operated stores Partnership stores* +3,008 As of 2026Q1, the number o
Slide 12: Underlying Operational Efficiency Improves Amid Higher Delivery Expenses
Underlying Operational Efficiency Improves Amid Higher Delivery Expenses 2026Q1 2026Q1 Non-GAAP Non-GAAP Operating Margin 7.5% Net Margin 5.7% Store-Level Operating Margin(1) Cost of Materials General & Administrative Expenses, Delivery Expenses (Self-operated Stores) Sales & Marketing Expenses % of
Slide 13: Healthy Cash Reserve and Strong Cash Generation Capabilities
Healthy Cash Reserve and Strong Cash Generation Capabilities Cash Inflow from Cash at Bank and on Hand (1) Interest-bearing Debt Operating Activities As of March 31, 2026 2026Q1 RMB RMB As of March 31, 2026, there is no 9,054.6 million 790.7 million outstanding interest-bearing debt Notes: (1) Inclu
Slide 14: Thank you
Thank you！