Luckin Coffee, Inc. · OTC:LKNCY
Luckin Coffee — Q4 2022 Earnings Presentation
17 slides from Luckin Coffee's earnings presentation, Mar 2, 2023
Slide 1: Q4 and Fiscal Year 2022 Earnings Presentation
LKNCY Q4 and Fiscal Year 2022 Earnings Presentation March 2, 2023
Slide 2: Disclaimer
DISCLAIMER This presentation contains certain financial measures that are not recognized under generally accepted accounting principles in the United States (“GAAP”), including non-GAAP operating income/(loss), non-GAAP net income/(loss), non-GAAP basic and diluted net income/(loss) per ADS. The pre
Slide 3: Business Update / Financial Highlights
BUSINESS UPDATE FINANCIAL HIGHLIGHTS
Slide 4: Business Update
BUSINESS UPDATE luckin coffee | i
Slide 5: Continued improvements in operating results in the fourth quarter
Continued improvements in operating results in the fourth quarter, despite material COVID-19 impact Total net revenue Average monthly SSSG(2) transacting customers(1) (self-operated stores) RMB3,695 million 24.6 million 9.2% +51.9% YoY increase +51.3% YoY increase Store-level operating GAAP Operatin
Slide 6: Great achievements in fiscal year 2022
Great achievements in fiscal year 2022 Full year net new store openings(1) +2,190 net new stores Cups sold ~900 million cups Customer served(2) (since inception) Full Year Total Net Revenue ~135 million customers RMB13+ billion Launched Full Year ~140 SKUs Profitable with 8.7% operating profit margi
Slide 7: Continued strong performance from core competitive advantages
Continued strong performance as a result of our core competitive advantages Increasing brand momentum • Brand collaborations have been well-received by consumers People Professional & Good flavor • ~140 SKUs Products Places Nationwide store footprint • Leading position with 8,214 stores * As of Dece
Slide 8: Product quality and innovation is our greatest brand power
Product quality and innovation is our greatest brand power Power of Branding & Product Continued Investment in Coffee Professionals 48 Q-Grader certified employees Won the IIAC Gold Medal Cheese Flavored Latte sold for the 6.59+ million cups in the 5th 1st week consecutive year 8
Slide 9: Digital Technology Empowerment
Luckin Coffee sustainability strategic direction “ Leveraging our advantages in the field of digitalization and internet, we will strive to create value for the economy, society and environment with wider range of partners through the promotion of sustainable business model, the construction of sust
Slide 10: Continued investments in our supply chain to achieve further integration
Continued investments in our supply chain to achieve further integration Luckin’s 2nd Roasting Facility ---- Kun Shan Designed capacity Area of occupancy Expected to put into operation in 30,000 tons 50,000+ m 2 2024 Concept of Environmentally Friendly & Low-carbon Emission “ To be a company that le
Slide 11: Largest coffee network in China by store count
Largest coffee network in China by store count(1) with substantial expansion opportunities through optimized store mix 8,214 stores* with +368 net new store openings in Q4 Self-operated stores: 5,652 stores in 60 cities* Partnership stores: 2,562 stores in 232 cities* Partnership business REOPEN the
Slide 12: Financial Highlights
FINANCIAL HIGHLIGHTS luckin coffee | i
Slide 13: Strong full year operational and financial performance despite COVID-19 impact
Strong full year operational and financial performance despite being materially impacted by COVID-19 in the fourth quarter of 2022 Q4’20 Q4’21 Q4’22 FY22 Total stores at end of the quarter (1) 4,803 6,024 8,214 8,214 Net new store openings # (28) 353 368 2,190 # of average monthly transacting custom
Slide 14: Store expansion: opened 368 net new stores in the fourth quarter
Store expansion: opened 368 net new stores in the fourth quarter and picked up our expansion pace as the recovering of consumption demand in early 2023 368 8,214 Q4 ’22 Net new store openings Total # of stores as of 31 Dec. 2022 Q4’21 Q1’22 Q2’22 Q3’22 Q4’22 Total stores at end of the quarter 4,397
Slide 15: Continued improvement in our profitability profile
Continued improvement in our profitability profile, despite significant challenges provided by COVID situation in the fourth quarter Operating margin in the fourth quarter was 8.5% and reached 8.7% for the full year of 2022 Store-level profit margin (1) % Total net revenue (2) % Total net revenue (2
Slide 16: Balance sheet, liquidity and cash generation
Balance sheet, liquidity and cash generation Cash and cash equivalents(1) Cash flow from operating activities RMB RMB Adjusted for RMB 48 RMB122 million payment to 170 3,578 million million equity litigants(2) million As reported Interest-bearing debt Change in cash RMB RMB USD Adjusted for Full red
Slide 17: luckin coffee | is
luckin coffee | is