Coca-Cola Icecek A.S. · BIST:CCOLA
Coca-Cola Icecek A.S — 9M 2006 Earnings Presentation
15 slides from Coca-Cola Icecek A.S's earnings presentation, Nov 13, 2006
Slide 1: IFRS results for the nine month ended September 30, 2006
IFRS results for the nine month ended September 30, 2006 November 13, 2006 Michael A. O’Neill CEO November 13, 2006 www.cci.com.tr 1
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: Strong Growth in 9M2006 – Volume
Strong Growth in 9M2006 Turkey Volume International Volume Consolidated Volume (Unit cases in millions) (Unit cases in millions) (Unit cases in millions) 280 70 350 279.2 60 63.8% 63.7 340 342.9 270 13.0% 50 330 14.7% 260 320 40 310 250 30 300 20 290 240 247.0 38.9 298.9 10 280 230 0 270 9M2005 9M20
Slide 4: Strong Growth in 9M2006 – Net Sales
Strong Growth in 9M2006 Turkey Net Sales International Net Sales Consolidated Net Sales (IFRS - YTL in millions) (IFRS - USD in millions) (IFRS - YTL in millions) 1200 20.2% 180 1400 22.5% 160 72.6% 1000 1,133.1 162.2 1200 140 1000 1,363.2 800 120 100 800 600 80 600 400 60 400 200 942.5 40 94.0 200
Slide 5: Strong Growth in 9M2006 – EBITDA
Strong Growth in 9M2006 Turkey EBITDA International EBITDA Consolidated EBITDA (IFRS - YTL in millions) (IFRS - USD in millions) (IFRS - YTL in millions) 30 37.4% 250 33.4% 250 30.5% 25 29.4 200 200 207.1 248.9 20 150 150 158.7 15 21.4 186.6 100 100 10 50 50 16.8% 18.3% 5 22.8% 18.1% 16.8% 18.3% 0 0
Slide 6: 9M2006 Highlights
9M2006 Highlights Strong organic growth in all operations Effective and additional local promotions in 3Q2006 Effective in-store merchandising Hot weather in August helped Turkey sales Turkey - Crystal Sugar price is back to original levels November 13, 2006 www.cci.com.tr 6
Slide 7: Shareholder Structure
Shareholder Structure Pre Merger Shareholding Structure Post Merger Shareholding Structure (1) Anadolu Efes and its fully-owned subsidiaries (2) TCCC and its fully-owned subsidiaries November 13, 2006 www.cci.com.tr 7
Slide 8: Turkey
Turkey Brand Coca-Cola and Cappy continue to excel Momentum created in June by innovation and tailored in-store activity, continued for Nestea, Powerade and Burn Additional marketing programs for flavored CSDs Successful activation of Ramadan promotion Hot weather in August helped sales November 13,
Slide 9: International Operations – Central Asia
International Operations – Central Asia Volume benefited from new cooler placements and improved route-to-market in Kazakhstan and Azerbaijan Launch of “Coke Side of Life” campaign in Kazakhstan and Kyrgyzstan Restructured sales and distribution system in Kyrgystan by increasing the number of distri
Slide 10: International Operations – Middle East
International Operations – Middle East Restructured route-to-market system started to pay-off, and turnaround started in Jordan Jordan - Successful activation of local Ramadan promotion GM appointed for Iraq, and located in Irbil November 13, 2006 www.cci.com.tr 10
Slide 11: Financial Review
Financial Review Burak Başarır CFO November 13, 2006 www.cci.com.tr 11
Slide 12: Introduction to Financial Statements
Introduction to Financial Statements Basis of Preparation Consolidated / Turkey International YTL/$ Exchange Rates Functional Currency YTL USD September 30, 2005 1.3406 Reporting Currency YTL USD December 31, 2005 1.3418 Net Sales – Net of discounts and special consumption tax for Turkish operations
Slide 13: Key Financials
Key Financials Financial Period Ended September 30th 2005 2005 Proforma 2006 ’06 vs. ‘05 ’06 vs. ’05 Proforma (YTL in millions unless otherwise stated) Sales Volume (UC m) 247.0 298.9 342.9 38.8% 14.7% Net Revenue 942.5 1,112.7 1,363.2 44.6% 22.5% Gross Profit 287.1 337.2 445.8 55.3% 32.2% Gross Pro
Slide 14: Balance Sheet
Balance Sheet Financial Year Ended Financial Period Ended Financial Year Ended Financial Period Ended Assets December 31 September 30 Liabilities andEquity December 31 September 30 Cash & cash equivalents 44.1 138.8 Short-term debt 331.3 274.2 (YTL in millions unless otherwise stated) Accounts Accou
Slide 15: Outlook
Outlook Outlook Positive outlook based on 2006 trading year to date EBITDA growth in excess of volume growth Management’s Focus Volume growth Revenue growth EBITDA margin Tax The Turkish corporate tax rate is reduced to 20% for 2006 while the favorable tax treatment of certain investments would be e
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