Kofola Ceskoslovensko As · PSECZ:KOFOL
Kofola Ceskoslovensko As — Investor Presentation (June 2024)
47 slides from Kofola Ceskoslovensko As's investor presentation, Jun 3, 2024
Slide 1: Kofola Group Investor Presentation 3M 2024
3m 2024 kofola group Investor presentation 03 June 2024
Slide 2: 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 1Q 2024 CZK 2.09 bn EBITDA 1Q 2024 CZK 264.8 m 14 production plants 2,
Slide 3: Our 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 91% of our total revenue. market leader or run
Slide 4: 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 3M24 35% Beverages 3M23 36% 29% Waters 32% Non-carbonated 8% Beverages 10% 7
Slide 5: 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 CAGR 10.1% 16.7% 17.0% 14.1% 14.4% 14.3% 9,068 8,690 7,875 CAGR 6.1% 6,636 1,30
Slide 6: Highlights
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX highlights Kofola ČeskoSlovensko a.s. bought a 49% stake in MIXA VENDING s.r.o., a company focused on the operation of beverage and food vending machines. This is an interesti
Slide 7: 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 8: 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 9: 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 10: 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 11: 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. 2024 2023 INV
Slide 12: 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. 2024 INVESTOR PRESENTATION 12
Slide 13: 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 14: 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) Net debt/LTM EBITDA 2,091 1,376 1,712 1,235 3M24 3M23 2.70 2.28 308 260 2
Slide 15: Revenue
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX Revenue Revenue YTD by product segments (CZKm) 727 3M24 3M23 620 611 543 323 159 162 143 130 128 153 104 Carbonated beverages Waters Non-Carbonated beverages Syrups Fresh&Sala
Slide 16: Key messages
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX Key messages* YTD results INNOVATIONS Group revenue increased by 378.1 CZKm (22.1%) Prager’s Kombucha new flavours. out of which organic business growth 226.1 Jupík SPARKY. CZ
Slide 17: Business segments
THE KOFOLA GROUP SUSTAINABILITY KOFOLA GROUP RESULTS BUSINESS SEGMENTS business segments CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX
Slide 18: 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 2024 INVESTOR PRESENTATION 18
Slide 19: 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 12% CZECHIA 3M24 3M23 Change 1,363 On prem
Slide 20: 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 21.1% 19.6
Slide 21: 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 24% SLOVENIA 3M24 3M23 Change 293 On premise
Slide 22: 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 14.4% 13.9% 12.9
Slide 23: 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 143 18 116 51% Current 49% 16 18 22 Salad bars 12 10
Slide 24: 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 120 Producer of premium natural products such as syrups, juices and jams. 102 74 72 Cer
Slide 25: 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 11.8% 11.4%
Slide 26: Segment Other
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX SEGMENT OTHER Other Basic information Business overview of Project Breweries as of 31.03.2024 For 3M24 segment Other consists of new companies aquired as part Project Brewerie
Slide 27: 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 28: 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 31-03-24 31-12-2
Slide 29: M&A
THE KOFOLA GROUP SUSTAINABILITY KOFOLA GROUP RESULTS BUSINESS SEGMENTS M&A CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX
Slide 30: 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 31: Goals
THE KOFOLA GROUP SUSTAINABILITY KOFOLA GROUP RESULTS BUSINESS SEGMENTS Goals CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX
Slide 32: 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 33: Revenue development
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX Revenue development Period Change* Apr 2024 vs Apr 2023 – Value c. +28% Apr 2024 vs Apr 2023 – Volume c. +18% May 2024 vs May 2023 – Value c. +17% May 2024 vs May 2023 – Volum
Slide 34: 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 35: Awards
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX Awards Hermes Communicator of the Year TOP Employers ranking In the Hermes Communicator of the Year Kofola ČeskoSlovensko has been ranked in the TOP 5 best competition, which
Slide 36: 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 37: 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 38: 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 39: Kofola ownership structure as of 31 March 2024
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX Kofola ownership structure as of 31 March 2024 Free float (key management persons - excl. AETOS owners) 0.8% Currently 0.2 million shares at Prague Stock Exchange. 27.4% Free
Slide 40: 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 34,696 360 1,000 23,265 22,615 19,064 3,861 12,235 9,109 22,321 15,059 179
Slide 41: 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 42: Appendix
THE KOFOLA GROUP SUSTAINABILITY KOFOLA GROUP RESULTS BUSINESS SEGMENTS Appendix CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX
Slide 43: Results of Kofola Group | 3M 2024
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX Results of Kofola Group | 3M 2024 Reconciliation of reported and adjusted results (CZKm) Reported One-offs Adjusted One-offs Revenue 2,090.6 - 2,090.6 Acquisition advisory cos
Slide 44: Group Results Comparison 3M
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX Group Results Comparison 3M * (CZKm) 3M24 3M23 Change Change (%) Comment Revenue 2,090.6 1,712.4 378.2 22.1% Organic business growth is driven mainly by volume increase (in li
Slide 45: Consolidated Income Statement
THE KOFOLA GROUP SUSTAINABILITY GROUP RESULTS BUSINESS SEGMENTS CONSOLIDATED INDICATORS M&A GOALS MORE ABOUT KOFOLA APPENDIX Consolidated Income Statement* (CZKm) 3M24 3M23 2023** 2022** 2021** 2020** Revenue 2,090.6 1,712.4 8,690.1 7,875.3 6,636.2 6,171.5 Cost of sales (1,195.2) (997.2) (4,802.7) (
Slide 46: 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 Czech Republic
Slide 47: Authorization and Disclaimer
Authorization This presentation has been authorized by the Board of Directors of Kofola ČeskoSlovensko a.s. on 3 June 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 warr
Kofola ČeskoSlovensko a.s. — Investor Presentation (June 2024) on 6ix