Coca-cola Icecek A.s. · BIST:CCOLA
Coca-cola Icecek A.s — Q1 2023 Earnings Presentation
17 slides from Coca-cola Icecek A.s's earnings presentation, May 3, 2023
Slide 1: 1Q23 Results
1Q23 RESULTS May 03, 2023 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: Operational Review
Operational Review Burak Başarır CEO PUBLIC
Slide 4: 1Q23 in Review
1Q23 in Review Delivering In Line with Expectations Despite Unforeseen Challenges Operational Performance Financial Performance Highlights Data-driven and proactive Volume (UC) Net Sales Revenue (TL) pricing to navigate million inflationary environment 353 billion +6.3% y/y 15.6 +79.5% y/y Energy ga
Slide 5: Consolidated Volume Led By Resilient Performance
Consolidated Volume Led By Double Digit Core Sparkling Performance Resilient Performance driven by Coca-ColaTM, Fuse Tea, Monster Energy Sparkling Stills Water Highlights +10% +6% -15% • Double digit Coca-ColaTM growth • +40% energy drinks expansion • High teens contribution from Iced Teas 1Q23 Resu
Slide 6: Türkiye: Difficult Start to the Year with Devastating Earthquake
Türkiye: Difficult Start to the Year with Devastating Earthquake 32% Share of Volume in Total CCI Gradual volume recovery after the % % % initial weeks of the -8.3 +91.6 +4.2 earthquake Volume Net Sales EBITDA Performance Revenue (exc.other) mUC 122 112 2.949 5.650 mTL 439 457 mTL 333 bps IC share 1
Slide 7: International: Key Markets Registered Solid Growth
International: Key Markets Registered Solid Growth 68% Share of Volume in Total CCI Coca-ColaTM growth above % % % +14.7 +73.0 +86.1 20% Volume Net Sales EBITDA Performance Revenue (exc.other) Energy drink 210 241 5,736 9,922 1,235 2,298 mUC mTL mTL volumes 1Q22 1Q23 1Q22 1Q23 1Q22 1Q23 increased th
Slide 8: Key International Markets Momentum Continued in 1Q23
Key International Markets Momentum Continued in 1Q23 Volume Share in Kazakhstan Volume Share in Uzbekistan CCI CCI Volume (y/y) Volume (y/y) 16% 7% +26.1% +20.6% Sparkling in 1Q23 : +36% 31% Coca-ColaTM growth Threefold expansion of Double fold increase in Iced Tea Schweppes Double-digit growth of O
Slide 9: Financial Review
Financial Review Andriy Avramenko CFO PUBLIC
Slide 10: Summary Financials: Resilient Performance in a Challenging Environment
Summary Financials: Resilient Performance in a Challenging Environment Net Sales Revenue (TL) Gross Profit (TL) 15.6 billion 5.2 billion +79.5% y/y +81.4% y/y Driven by positive operating momentum in international Cycling of a low cost base markets and Effective RGM throughout CCI Cost headwinds par
Slide 11: Per UC Metrics
Per UC Metrics Cycling a Low Base of Opex and COGS Consolidated (TL), FX-Neutral q/q Growth Net Sales Revenue COGS EBIT per UC per UC per UC Net 26.1 39.5 17.5 26.7 4.0 5.5 1Q22 1Q23 1Q22 1Q23 1Q22 1Q23 % % % +51.2 +52.0 +38.1 1Q23 Results 11 PUBLIC
Slide 12: Positive Business Momentum and Strong Pricing Mitigate Cost Pressures
Positive Business Momentum and Strong Pricing Mitigate Cost Pressures EBIT Development (mTL) 7.000,00 6.000,00 EBIT Margin 5.000,00 4.000,00 3.000,00 15.1% 2.000,00 15.3% 1.000,00 0,00 1,328 EBIT 4,572 Price 257 Volume* -44 Mix* -2,614 COGS -301 DME -1,248 OPEX 394 FX 2,343 EBıt22 1Q22 Price Volume(
Slide 13: Disciplined Financial Management
Disciplined Financial Management Preserving Cash and Securing Liquidity Debt, Cash & FX Position Net Debt & Maturity Profile Gross Debt Cash Net Debt/EBITDA OTHER 5% TRY 15% OTHER 32% EUR 8% $1.2b $768m 0.4x 1.1x 0,6x 0,7x TRY 8% ‘20 ‘21 ‘22 ‘1Q23 USD 72% USD 60% Debt Maturity 1200 FX Position Avera
Slide 14: Dynamic Hedging
Dynamic Hedging Securing Long Term Visibility & Controlled Cost Base COGS Breakdown COST OF SALES Proactive Risk Policy HEDGING & PRE-BUY RATES 20% Overhead 20% Sugar Sugar Aluminum Resin 30% Packaging 2023 89% 100% 64% 30% Concentrate 2024 75%* 15% 10% *in markets where financial hedge is available
Slide 15: Closing Remarks
Closing Remarks Burak Başarır CEO PUBLIC
Slide 16: Long Term Sustainable Growth Pillars
Long Term Sustainable Growth Pillars Excellent Brand Digital Portfolio Acceleration Strong Financial Great Position People Excellent Execution Sustainability Capabilities Commitment 1Q23 Results 16 PUBLIC
Slide 17: 1Q23 Results
1Q23 RESULTS May 03, 2023 If you have any queries, please contact: CCI Investor Relations Tel: +90 216 528 42 76 Email: cci-ir@cci.com.tr PUBLIC