Luckin Coffee, Inc. · OTC:LKNCY
Luckin Coffee — Q3 2022 Earnings Presentation
15 slides from Luckin Coffee's earnings presentation, Nov 22, 2022
Slide 1: LKNCY 2022Q3 Earnings Presentation
LKNCY 2022Q3 Earnings Presentation November 22, 2022
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: Another strong quarter with continued improvement in operation and financials
Another strong quarter with continued improvement in both operation and financials Total net revenue Average monthly SSSG(2) transacting customer(1) (self-operated stores) RMB3,895 million 25.1 million 19.4% +65.7% YoY increase +70.5% YoY increase Store-level operating GAAP Operating Store footprint
Slide 6: First corporate governance report published and more to come
First corporate government report published and more to come First Corporate Governance Report “TRANSFORMATION AND REINVENTION” GOVERNANCE STRUCTURE * The Corporate Governance Report is now available on company IR website https://lkcoffee.com/. 6
Slide 7: Continued strong performance thanks to our competitive advantages
Continued strong performance thanks to our competitive advantages People Products Places Brand name recognized by the industry Professional + Good flavors 7,846 stores* with +651 net new store openings in Q3 Self-operated stores: 5,373 stores in 59 cities* Partnership stores: 2,473 stores in 232 cit
Slide 8: Continue to deepen our strategic cooperation in supply chain
Continue to deepen our strategic cooperation in supply chain Continued investment in supply chain Ability to launch hit products • Stabilize quality • Tech & Data supported R&D Mechanism • Better cost-control • Virtuous circle among back- & front-desk ✓ In Sep 2022, reached an understanding for stra
Slide 9: Strong emphasis on protection of users' privacy and data security
Strong emphasis on the protection of users' privacy information and data security Data Security 9
Slide 10: Financial Highlights
FINANCIAL HIGHLIGHTS luckin coffee | i
Slide 11: Strong revenue and profit growth: 66% YoY net revenue growth
Strong revenue and profit growth: 66% YoY growth in net revenues and double- digit operating margin for the first time Total stores at end of quarter (1) 4,831 5,671 7,846 Net new stores # (260) 412 651 # of average monthly transacting 8,215 14,722 25,103 customers (‘000) (2) Group Performance Reven
Slide 12: Further store expansion: 651 net new store openings
Further store expansion: 651 net new store openings covering more than 200 cities Total stores at end of the quarter 4,206 4,397 4,675 4,968 5,373 Self-operated Net new openings +188 +191 +278 +293 +405 Stores Total cities at end of the quarter 56 56 56 59 59 Total stores at end of the quarter 1,465
Slide 13: Continued improvement in our profitability profile
Continued improvement in our profitability profile Reached double-digit operating profit margin of 15% for the first time Store-level profit margin (1) % total net revenue (2) % total net revenue (2) % total net revenue (2) 29.2% 15.1% 17.7% 25.2% 13.7% 6.0% 4.1% 4.1% 9.8% 3.2% (0.2)% 0.2% Q3’20 Q3’
Slide 14: 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 417 RMB385 million payment to 802 3,993 million million equity litigants(2) million As reported Interest-bearing debt Free cashflow RMB RMB USD Adjusted for Full red
Slide 15: OEE
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