Kofola Ceskoslovensko As · PSECZ:KOFOL
Kofola Ceskoslovensko As — Investor Presentation (April 2024)
61 slides from Kofola Ceskoslovensko As's investor presentation, Apr 11, 2024
Slide 1: 12M 2023 Kofola Group Investor presentation
12m 2023 kofola group Investor presentation 11 April 2024
Slide 2: Contents
Dear shareholders, I'm pleased to begin this year's commentary by saying that nothing unusual happened in 2023. This is something we have almost forgotten over the past three years. After years of Covid, the energy crisis and inflation, we have been able to focus fully on growing our business. It ha
Slide 3: The Kofola Group
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX The Kofola Group One of the most significant producers of non-alcoholic beverages in CEE and SEE Revenue 2023 CZK 8.69 bn EBITDA 2023 CZK 1.25 bn 11 production plants 2,037 He
Slide 4: Long-term strategy is to be market leader or runner-up
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX Sales in countries where Kofola our long-term strategy is to be Group is number one or two in the soft drinks market account for 92% of our total revenue. market leader or run
Slide 5: Product segments
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX Product segments DISTRIBUTED AND CATEGORY REVENUE SHARE MAIN OWN BRANDS LICENCED BRANDS Carbonated 12M23 39% Beverages 12M22 38% 33% Waters 34% Non-carbonated 8% Beverages 9%
Slide 6: Long-term development
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX Long-term development Revenue* (CZKm) EBITDA* (CZKm) Excl. acquisitions Total EBITDA margin 17.5% 17.0% CAGR 7.9% 16.7% 8,690 14.1% 14.4% 7,875 CAGR 2.9% 6,410 6,636 6,172
Slide 7: Highlights
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX highlights Kofola is getting a new impetus after years. The logo and the entire portfolio of the brand, including labels, bottles, cans and glasses, will undergo a change. Des
Slide 8: Highlights
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX highlights Korunní mineral water is launching new products supplemented with functional substances that improve the body's defenses, reduce fatigue or support concentration an
Slide 9: Our sustainability efforts
THE KOFOLA GROUP SUSTAINABILITY KOFOLA GROUP RESULTS our sustainability BUSINESS SEGMENTS CONSOLIDATED INDICATORS efforts M&A GOALS MORE ABOUT KOFOLA APPENDIX
Slide 10: A complex approach is the cornerstone of our sustainability philosophy
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX A Complex APPROACH IS THE CORNERSTONE OF OUR SUSTAINABILITY PHILOSOPHY We have been deeply engaged in the reduction of the impact of our business on the environment since 2010
Slide 11: Sustainability: our 6 key areas of interest
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX SUSTAINABILITY: OUR 6 KEY AREAS OF INTEREST CARBON FOOTPRINT WATER PROTECTION INGREDIENTS AND PRODUCTS We decrease and offset the carbon footprint Water is the cornerstone of
Slide 12: We reduce packaging waste following reduce-reuse-recycle principles
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX WE REDUCE packaging waste FOLLOWING THE REDUCE–REUSE–RECYCLE PRINCIPLES As far as possible, we try not to generate any packaging waste at all. 75 million pints First draught L
Slide 13: We operate with respect to nature, society and individuals
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX We operate with respect to nature, society and individuals. Whole sustainability presentation for download. Our non-financial report is available at our website. 2023 INVESTOR
Slide 14: Our latest efforts to put sustainability into practice
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX Our latest efforts to put sustainability into practice Waste that is not created is the best. We use reusable transport packaging as well as pallets made from recycled mixed p
Slide 15: Sustainability
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX Sustainability: is the innovation of our entire business model; can’t be done by picking and choosing; isn’t about if, but how. 2023 INVESTOR PRESENTATION 15
Slide 16: Kofola group results
THE KOFOLA GROUP SUSTAINABILITY KOFOLA GROUP RESULTS BUSINESS SEGMENTS Kofola group results CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX
Slide 17: Kofola Group Key QTD financial indicators
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX * Kofola Group Key QTD financial indicators ** Revenue (CZKm) Revenue per main business segments (CZKm) 4Q23 4Q22 2,070 1,811 1,468 1,306 307 271 295 234 4Q23 4Q22 CzechoSlova
Slide 18: Kofola Group Key YTD financial indicators
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX Kofola Group Key YTD* financial indicators** Revenue (CZKm) Revenue per main business segments (CZKm) FCF (CZKm) Net debt/LTM EBITDA 8,690 7,875 6,209 12M23 12M22 5,641 2.97 8
Slide 19: Revenue by product segment
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX Revenue by product Segment Revenue QTD (CZKm) 846 717 4Q23 4Q22 600 538 168 153 193 204 137 98 126 101 Carbonated beverages Waters Non-Carbonated beverages Syrups Fresh&Salad
Slide 20: Revenue by countries
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX Revenue by countries Revenue QTD (CZKm) 1,208 4Q23 4Q22 1,066 496 426 202 191 79 58 45 31 40 39 Czech Republic Slovakia Slovenia Croatia Poland Other Revenue YTD (CZKm) 4,898
Slide 21: Key messages
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX Key messages* QTD results YTD results innovations Group revenue up by 259.1 CZKm (14.3%). Group revenue up by 814.8 CZKm (10.3%). Targa Florio tonic. Group EBITDA lower by 113
Slide 22: Business segments
THE KOFOLA GROUP SUSTAINABILITY KOFOLA GROUP RESULTS BUSINESS SEGMENTS business segments CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX
Slide 23: Our business consists of three main segments
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX our business consists of three main segments CzechoSlovakia Adriatic Fresh & Herbs 2023 INVESTOR PRESENTATION 23
Slide 24: Revenue QTD | Czechoslovakia
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX Revenue QTD| Czechoslovakia CS Adriatic F&H Revenue by packaging formats* (CZKm) Sales in litres (´000) At home On the go On premise 1,450 12% CZECHIA 4Q23 4Q22 Change 209 1,2
Slide 25: Revenue YTD | Czechoslovakia
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX Revenue YTD| Czechoslovakia CS Adriatic F&H Revenue by packaging formats* (CZKm) Sales in litres (´000) At home On the go On premise 14% CZECHIA 12M23 12M22 Change 6,143 5,580
Slide 26: Revenue and EBITDA | Czechoslovakia
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX Revenue and EBITDA | Czechoslovakia CS Adriatic F&H Adjusted EBITDA (CZKm) Long-term view | Adjusted EBITDA (CZKm) EBITDA EBITDA margin Revenue EBITDA EBITDA margin 20.6% 21.1
Slide 27: Revenue QTD | Adriatic
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX Revenue QTD | ADRIATIC CS Adriatic F&H Revenue by packaging formats* (CZKm) Sales in litres (´000) At home On the go On premise 26% SLOVENIA 4Q23 4Q22 Change 287 On premise
Slide 28: Revenue YTD | Adriatic
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX Revenue YTD | ADRIATIC CS Adriatic F&H Revenue by packaging formats* (CZKm) Sales in litres (´000) At home On the go On premise 1,464 25% SLOVENIA 12M23 12M22 Change 1,370 On
Slide 29: Revenue and EBITDA | Adriatic
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX Revenue and EBITDA | ADRIATIC CS Adriatic F&H Adjusted EBITDA (CZKm) Long-term view | Adjusted EBITDA (CZKm) EBITDA EBITDA margin Revenue EBITDA EBITDA margin 15.2% 14.4% 12.9
Slide 30: Fresh & Herbs: UGO
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX Fresh & Herbs: UGO CS Adriatic F&H Revenue (CZKm) Stores split Fresh bars & Salad bars Bottles Packaged food Franchise Own 536 75 434 55 Current 48% 52% 78 22 Salad bars 40 40
Slide 31: Fresh & Herbs: LEROS and Premium Rosa
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX Fresh & Herbs: LEROS and Premium Rosa CS Adriatic F&H Revenue (CZKm) Premium Rosa Leros 432 Producer of premium natural products 390 such as syrups, juices and jams. 302 280 C
Slide 32: Revenue and EBITDA | Fresh & Herbs
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX Revenue and EBITDA | Fresh & Herbs CS Adriatic F&H Adjusted EBITDA (CZKm) Long-term view | Adjusted EBITDA (CZKm) EBITDA EBITDA margin Revenue EBITDA EBITDA margin 12.9% 11.4%
Slide 33: Consolidated Financial Performance Indicators
THE KOFOLA GROUP SUSTAINABILITY KOFOLA GROUP RESULTS Consolidated Financial BUSINESS SEGMENTS CONSOLIDATED INDICATORS Performance Indicators M&A GOALS MORE ABOUT KOFOLA APPENDIX
Slide 34: Selected financial performance indicators
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX Selected financial performance indicators CAPEX (CZKm) Working Capital (WC)* (CZKm) Free CF (CZKm) ROCE** 12M23 12M22 31-12-23 31-12-22 2023 2022 2023 2022 Adjusted EBITDA 1,2
Slide 35: Selected financial performance indicators
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX Selected financial performance indicators Net debt (CZKm) Net debt / adjusted LTM EBITDA Gross and net debt calculation (CZKm) Net debt / adjusted LTM EBITDA 31-12-23 31-12-22
Slide 36: Packaging and sweeteners are two main cost drivers
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX packaging and sweeteners are two main cost drivers Group direct material costs* Packaging Sweeteners Other (e.g. concentrates, aromas) 16.6% 18.4% 23.8% 36.6% 57.8% 46.8% 2023
Slide 37: M&A
THE KOFOLA GROUP SUSTAINABILITY KOFOLA GROUP RESULTS BUSINESS SEGMENTS M&A CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX
Slide 38: M&A Strategy | where we invest?
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX M&A Strategy | where we invest? Authentic healthy raw materials Extensions of our portfolio Mineral water Strong love brands Synergies with current business EBITDA multiple No
Slide 39: Project Breweries
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX Project Breweries Investment triangle Rationale PIVOVARY TRIANGL s.r.o. - Newly established Expansion of the Group into a new segment, portfolio consortium of investors togeth
Slide 40: Goals
THE KOFOLA GROUP SUSTAINABILITY KOFOLA GROUP RESULTS BUSINESS SEGMENTS Goals CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX
Slide 41: Goals
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX Goals 2024 EBITDA (current Kofola Group*) CZK 1.35-1.45 bn EBITDA (incl. new acquisitions) **CZK 1.55-1.80 bn Revenue growth (current Kofola Group*) 7% Revenue growth (incl. n
Slide 42: Revenue development
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX Revenue development Period Change 1Q 24 vs 1Q 23 - Value c. +14% 1Q 24 vs 1Q 23 - Volume c. +7% 2023 INVESTOR PRESENTATION 42
Slide 43: More About Kofola
THE KOFOLA GROUP SUSTAINABILITY KOFOLA GROUP RESULTS BUSINESS SEGMENTS MORE About Kofola CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX
Slide 44: History of successful acquisitions and development
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX History of successful acquisitions and development Acquisition of Vinea Establishment of brand in Slovakia – HoReCa started in the Kofola brand most popular CSD Czechia & Slov
Slide 45: History of successful acquisitions and development
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX History of successful acquisitions and development Expansion into coffee Expansion into the Adriatic region and handcrafted cider Acquisition of Radenska – Acquisition of Espr
Slide 46: History of successful acquisitions and development
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX History of successful acquisitions and development Kofola Incubator development PRAGEROVY SADY LIBINA Acquisition of 34% share Acquisition of apple orchards in Zahradní OLLA i
Slide 47: Kofola ownership structure as of 31 December 2023
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX Kofola ownership structure as of 31 December 2023 Free float (key management persons - excl. AETOS owners) 0.6% Currently 0.1 million shares at Prague Stock Exchange. 27.4% Fr
Slide 48: Shares owned by key management persons
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX Shares owned by key management persons Development in years by type of transaction Increase Decrease 23,265 22,615 3,861 12,235 19,064 9,109 22,321 15,059 18,709 144,168 20,40
Slide 49: Financial stability and further development
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX Financial stability and further development We stabilized our financial situation and reduced our debt from around a 4.1 level at the beginning of Covid pandemic to a current
Slide 50: Kofola listed on PSE
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX Kofola listed on PSE Earnings per share (CZK) Dividends per share (CZK) Dividend policy 2021 - 2023 EPS P/E 27 29 Approximately CZK 300 million in each financial year. 25 19 1
Slide 51: Awards
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX Awards UGO Czech Superbrands PROKOP PR awards Consumers and the expert jury of the Superbrands Brand The Public Relations Association of the Slovak Republic has Council of the
Slide 52: Awards
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX Awards Randstad Award 2023: Kofola is the winner among employers in the FMCG category Kofola ČeskoSlovensko was ranked, again, among the Top 10 most attractive employers in th
Slide 53: Appendix
THE KOFOLA GROUP SUSTAINABILITY KOFOLA GROUP RESULTS BUSINESS SEGMENTS Appendix CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX
Slide 54: Results of Kofola Group | 12M 2023
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX Results of Kofola Group | 12M 2023 Reconciliation of reported and adjusted results (CZKm) Reported One-offs Adjusted One-offs Revenue 8,690.1 - 8,690.1 Advisory costs of CZK 6
Slide 55: Group Results Comparison 12M
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX Group Results Comparison 12M * (CZKm) 12M23 12M22 Change Change (%) Comment Revenue 8,690.1 7,875.3 814.8 10.3% Revenue growth influenced by price increase, volume wise (in li
Slide 56: Group Results Comparison 4Q
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX Group Results Comparison 4Q* (CZKm) 4Q23 4Q22 Change Change (%) Comment Revenue 2,070.1 1,811.0 259.1 14.3% The sold volume decreased by 1.6%, At home formats were impacted th
Slide 57: Consolidated Income Statement
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX Consolidated Income Statement* (CZKm) 2023** 2022** 2021** 2020** 2019** Revenue 8,690.1 7,875.3 6,636.2 6,171.5 6,409.5 Cost of sales (4,802.7) (4,564.0) (3,710.2) (3,349.5)
Slide 58: Consolidated Statement of Financial Position
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX Consolidated Statement of Financial Position (CZKm) 31.12.2023 31.12.2022 31.12.2021 31.12.2020 31.12.2019 Non-current assets 5,130.3 5,089.0 5,306.3 5,683.6 4,394.0 Current a
Slide 59: Consolidated Statement of cash flows
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX Consolidated Statement of cash flows (CZKm) 2023 2022 2021 2020 2019 Net cash flows from operating activities 1,484.7 922.8 1,142.0 785.0 932.3 Net cash flows from investing a
Slide 60: Contact
Contact Should you have any question related to Kofola Group do not hesitate to contact our investor relations office: Lenka Frostová investor@kofola.cz +420 735 749 576 http://investor.kofola.cz/en Kofola ČeskoSlovensko a.s. Nad Porubkou 2278/31A 708 00 Ostrava Czech Republic
Slide 61: Authorization and Disclaimer
Authorization This presentation has been authorized by the Board of Directors of Kofola ČeskoSlovensko a.s. on 11 April 2024. Disclaimer This presentation (“the Presentation”) has been prepared by Kofola ČeskoSlovensko a.s. control of the Company, or cannot be predicted by it. (“the Company”). No wa
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