Kofola Ceskoslovensko As · PSECZ:KOFOL
Kofola Ceskoslovensko As — Q1 2016 Earnings Presentation
31 slides from Kofola Ceskoslovensko As's earnings presentation, May 2, 2016
Slide 1: Kofola Československo 1Q16 results
Kofola Československo 1Q16 results 2 May 2016
Slide 2: Agenda
© kofola GeskoSlovensko ¢ Kofola Group ® Results ® Markets, trends and strategy ® Profile and history e Shares and shares price ® Contact
Slide 3: Kofola group key highlights
Kofola group key highlights Kofola Group results 1Q16 | Investor presentation 3
Slide 4: Kofola group key highlights
Kofola group key highlights Product revenue segments Revenue (CZK mn) Profit/(loss) for the period 8% Carbonated (CZK mn) 12% beverages 47% 1 466 21 Non-carbonated 1 253 beverages -21 25% Waters 1Q15 1Q16 Syrups 1Q15 1Q16 Other 8% Geographical revenue segments EBITDA (CZK mn) 3% Net debt/EBITDA 8% 4
Slide 5: Kofola group key highlights: key financial data
Kofola group key highlights Key financial data [mCZK] Segment revenues 1Q16 % Carbonated beverages 683.6 47% Waters 368.5 25% Syrups 174.3 12% Non-carbonated beverages 119.8 8% Other 120.1 8% Total 1 466.3 100% EBITDA 153.8 Total assets 8 191.9 Equity 2 862.8 Net debt 1 703.2 Net debt/12mEBITDA 1.53
Slide 6: Our main brands
Our main brands Kofola Group results 1Q16 | Investor presentation 6
Slide 7: New products in 2016
New products in 2016 Kofola Apricot 1.5l – new format Top Topic Lemon 1.5l, 0.5l Apricot Kofola is now available in 1.5l PET bottles. Popular Top Topic has new refreshing taste – lemon. The product is available in PET bottles of 1.5l and 0.5l. Kofola Melon 0.5l Semtex pomegranate Kofola family has n
Slide 8: New products in 2016
New products in 2016 Paola Super Barman – Blue Curacao, Radenska Orange, Mint&Lemon, Raspberry Mojito, Grenadine 0.97l Radenska has now new flavours – Orange, Mint&Lemon Paola Super Barman, syrups dedicated for gastro segment, and Raspberry – available in 1.5l PET, 0.5l PET and 0.25l are now availab
Slide 9: Main events 2016
main events 2016 Since January 2016, the Group became an exclusive producer and distributor of the PepsiCo portfolio products on Croatian market. The cooperation with PepsiCo on Slovenian market works for more than 20 years. Expansion in the In first quarter of 2016, the Group acquired brands Voćko,
Slide 10: Agenda
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Slide 11: Market conditions in 2016
Market conditions in 2016 • increasing household consumption • stabilisation of consumption in the most • stable environment profitable gastro segment • decreasing household unemployment and • faster increase of turnover in discount increasing real wages chains • slight increase of sugar price Weath
Slide 12: Results of Kofola Group
results of KOFOLA Group Results comparison 1Q16 1Q15 Change Change CZK mn CZK mn CZK mn % Revenue 1 466.3 1 253.0 213.3 17.0% Cost of sales (949.9) (803.1) (146.8) 18.3% Gross profit 516.4 449.8 66.5 14.8% Selling, marketing and distribution costs (386.9) (339.0) (47.9) 14.1% Administrative costs (1
Slide 13: Results of Kofola Group [MCZK]
results of KOFOLA Group [MCZK] Revenue Gross margin EBIT 1Q15 1 253.0 1Q15 35.9% 1Q15 32.3 +17.0% -0.7 p.p. -18.6% 1Q16 1 466.3 1Q16 35.2% 1Q16 26.3 EBITDA EBITDA margin EBIT margin 1Q15 144.6 1Q15 11.5% 1Q15 2.6% +6.4% -1.0 p.p. +1.2 p.p. 1Q16 153.8 1Q16 10.5% 1Q16 1.8% Kofola Group results 1Q16 |
Slide 14: Results of Kofola Group [MCZK]
results of KOFOLA Group [MCZK] Cash flows from operations CapEx Net debt 1Q15 (98.8) 1Q15 129.6 31/12/15 1 276.9 +65.4% -85.0% +33.4% 214.4 31/3/16 1Q16 (182.8) 1Q16 1 703.2 Total assets Working capital Net debt/EBITDA 8 491.0 31/3/15 (75.8) 31/12/15 1.14x 31/12/15 -3.5% +0.39x -88.9% 8 191.9 31/3/1
Slide 15: Results of Kofola Group [MCZK]
results of KOFOLA Group [MCZK] Net profit attributable to shareholders Net profit margin of Kofola ČeskoSlovensko 1Q15 21.5 1Q15 1.7% -196.1 % -3.1 p.p. 1Q16 (20.6) 1Q16 (1.4%) EPS attributable to shareholders of Kofola ČeskoSlovensko [CZK/share] 1Q15 0.97 -196.1% 1Q16 (0.93) Kofola Group results 1Q
Slide 16: Geographical segment sales [MCZK]
geographical segment sales [MCZK] +28.6% 592.0 Legend: 1Q15 -17.0% 1Q16 489.2 460.2 405.9 +3.5% 292.3 302.6 +100% 124.5 +266.7% 41.4 0.0 11.3 Czech Poland Export Slovakia Slovenia Republic 37% 23% 39% 0% 1% 1Q15 Czech Republic Slovakia Poland 1Q16 Slovenia Export 40% 21% 28% 8% 3% Kofola Group resul
Slide 17: Product segment sales [MCZK]
Product segment sales [MCZK] 683.6 Legend: 1Q15 621.0 +10.1% 1Q16 +48.0% 368.5 -12.6% 249.0 199.4 +14.4 % +52.2% 174.3 104.7 119.8 120.1 78.9 Carbonated Waters Syrups Non-carbonated Other beverages beverages 50% 20% 16% 8% 6% 1Q15 Carbonated Waters Non-carbonated Syrups 1Q16 Other 47% 25% 12% 8% 8%
Slide 18: Agenda
© kofola GeskoSlovensko @ Kofola Group ® Results ® Markets, trends and strategy ® Profile and history e Shares and shares price ® Contact
Slide 19: Segment positions
Segment positions* Legend: Leader Viceleader PL CZ SK SI Cola beverages 3 2 1 3 Carbonated beverages - 3 2 2 Waters - 5 1 1 - Syrups and concentrates 2 1 2 Beverages for children 6 2 2 - - Energy drinks - 4 >6 Kofola Group results 1Q16 | Investor presentation * estimated position of the Group in the
Slide 20: Approach to market trends and development
Approach to market trends and Development Gradual conversion of products to preservative-free, healthy innovations Promotion of healthy life style (www.hravezijzdrave.cz, www.hravozizdravo.sk, www.trzymajforme.pl) More healthy beverages (water, children’s beverages) with lower sugar content compa
Slide 21: Agenda
© kofola GeskoSlovensko ® Kofola Group ® Results ® Markets, trends and strategy ® Profile and history e Shares and shares price ® Contact
Slide 22: Mission and vision
Mission and vision Kofola Group results 1Q16 | Investor presentation 22
Slide 23: History of Kofola Group
History of Kofola Group 2012 Rajec Brand 2015 Built from scratch, now No 1 in Acquisition of Acquisition of Radenska, Slovakia Ugo group Acquisition of No 1 water Kofola brand and (fresh juices) producer in original recipe by 2007 Today: Slovenia predecessor of HoReCa 2008 growing Kofola CZ Started
Slide 24: Group structure
Kofola ČeskoSlovensko a.s. (h) Group structure 100 % Kofola S.A. (h) as at 31 March 2016 100% 100% 100% Kofola CS HOOP Polska Alofok Ltd a.s. Sp. z o.o. (p) (h) (h) 100% 100% 100% 90% 100% 50% Santa- Kofola OOO Kofola a.s. Kofola a.s. Ugo Trade Trans s.r.o. holdinška Megapack (p) (p) s.r.o. (t) druž
Slide 25: Group structure after planned merger
Group structure after the planned merger and squeeze-out of Radenska d.d.´s minority shareholders Kofola ČeskoSlovensko a.s. (h) 100% 100% 100% 100% 90% 100% 100% HOOP Santa- Ugo Trade Alofok Ltd Kofola a.s. Kofola a.s. Trans s.r.o. s.r.o. Radenska Polska (p) (p) Sp. z o.o. d.d. (p) (h) (t) (p) (p)
Slide 26: Agenda
© kofola GeskoSlovensko ® Kofola Group ® Results ® Markets, trends and strategy ® Profile and history e Shares and shares price ® Contact
Slide 27: Share price and turnover at PSE
Share price and turnover at PSE 25 000 Turnover (pcs.) Price (CZK) Share price information 1Q16 500 Average share price 470.4 CZK Average daily transaction activity 1 508 pcs 20 000 450 15 000 400 10 000 350 5 000 0 300 Kofola Group results 1Q16 | Investor presentation 27
Slide 28: Shareholders structure
Sharholders structure As at 31 March 2016 Others Tomáš Jendřejek 6.72% 2.61% René Musila KSM Investment S.A. 2.61% 50.78% CED Group S.a.r.l. 37.28% Share capital of Kofola ČeskoSlovensko a.s. comprises 22 295 thousand ordinary shares Kofola Group results 1Q16 | Investor presentation 28
Slide 29: Agenda
© kofola GeskoSlovensko ® Kofola Group ® Results ® Markets, trends and strategy ® Profile and history e Shares and shares price ® Contact
Slide 30: Contact
Contact Should you have any question related to Kofola Group do not hesitate to contact our investor relations office: Martin Rosypal e-mail: investor@kofola.cz tel.: +420 736 767 078 http://investor.kofola.cz/en Kofola ČeskoSlovensko a.s. Nad Porubkou 2278/31A 708 00 Ostrava Czech Republic Follow u
Slide 31: Disclaimer
Disclaimer This presentation (“the Presentation”) has been prepared by Kofola ČeskoSlovensko a.s. (“the Company”). The Company has prepared the Presentation with due care, however certain inconsistencies or omissions might have appeared in it. Therefore it is recommended that any person who intends
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