Coca-cola Hbc Ag · LSE:CCH
Coca-cola Hbc — H1 2024 Earnings Presentation
25 slides from Coca-cola Hbc's earnings presentation, Aug 7, 2024
Slide 1: Half Year 2024 Results
HALF YEAR 2024 RESULTS 7 AUGUST 2024
Slide 2: H1 2024: Strong growth and share gains
Slide 3: Execution of our strategy drives strong financial performance
Execution of our strategy drives strong financial performance 1. Strong organic revenue growth, with volume up 3.1%, led by our strategic priority categories and with value share gains across NARTD and Sparkling 2. Resilient EBIT performance while navigating challenging environments in several marke
Slide 4: Organic growth
Organic growth +3.1% Volume growth Comparable EBIT +7.5% Organic growth For details on APMs refer to ‘Alternative Performance Measures’ and ‘Definitions and reconciliations of APMs’ sections of our H1 2024 Press Release 4° Coca-ColaHBC H1 2024 Results
Slide 5: Sparkling - another strong half
Strong growth a SEEMED Resilient performar Driving best-in-class executior Sparkling - another strong half H1 2024 Strength of partnership with TCCC os! * Capitalised on summer of sport +0.9 % and music, working with TCCC* * Strong in-country po a activations for Euro 2024 * Coke wristbands at music
Slide 6: Energy - great growth
Strong growth and Energy - great growth Building out consumption and coverage * Strong momentum in all segments +32.8%' ¢ Monster driving Established and Developing ¢ Burn, Fury and Predator driving Emerging Expanding variants * Monster Green Zero Sugar Cc = 7 % launched in 16 new markets of FY 2023
Slide 7: Coffee - continued progression in out-of-home
Strong growth a Coffee - continued progression in out-of-home +21.6%' * Focusing on out-of- home customer recruitment ¢ 1,500 additional outlets in H1 2024 Building our 360° capabilities LS re / DIA?- COFFEE S | ACADEMY ENABLED 1, H1 2024 vs Hi 2023 organic volume growth ‘SEGMENTATION 2. DIA: data,
Slide 8: Stills and Premium Spirits - performing well
Strong growth and share gains Stills and Premium Spirits - performing well Stills Premium Spirits +5.2%' +17.3% * Expanded Finlandia Vodka into 19 markets * Jack & Coke expanded into 14 markets ¢ Water up high single digits ¢ Sports Drinks up mid-teens * Powerade launched in 2 new markets 1. H1 2024
Slide 9: Deposit return schemes and packaging collection
¢ Important way to ensure high packaging collection rates and supply of feeds for recy ¢ DRS launcl in Republic of Ireland (Rol) and Hungary i 1 collected in Rol since go live! 1. Republic of Ireland 2. CCHBC awarded EBRD loan in July 2024 9 Coca-ColaHBC H1 2024 Results EMPOWERED ] HBC
Slide 10: Resilient performance
Slide 11: Targeted execution drives strong organic growth
SEED Resilient performance Driving best-in-class execution Targeted execution drives strong organic growth ¢ Volume growth of 3.1% with 4.2% volume growth in Q2 ¢ Revenue per case growth of 10.2% ¢ Strong revenue growth, up 13.6% — positive category and pack mix Consistent improvements to single-ser
Slide 12: Robust organic EBIT growth of 7.5%
Resilient performance Driving best-in-class exec Robust organic EBIT growth of 7.5% * Comparable gross profit up 6.0% — gross profit margin up 100 bps — driven by easing COGS inflation and strong revenue growth * Comparable Opex up 8.7% - driven by mark-to-market (remeasurement) of balance sheet ite
Slide 13: Established markets
rowth and share gain R e e Driving best-in-class executior Established markets Solid performance on all metrics Revenue up 4.4% ¢ Revenue per unit case up 4.5%, driven by — Carry over pricing from 2023 and additional pricing in H1 — positive package mix - 120 bps improvement in single-serve mix * Vo
Slide 14: Developing markets
Strong growth and share gains Driving best-in-class execution Developing markets Strong EBIT margin recovery Revenue up 11.5% ¢ Revenue per unit case up 8.1%, driven by — pricing initiatives — positive category mix ¢ Volume up 3.1%, with improving trend — Sparkling and Energy up mid-single digits —
Slide 15: Emerging markets
Strong growth and share gains Driving best-in, Emerging markets Robust performance in challenging environment Revenue up 22.7% ¢ Revenue per unit case up 17.6%, driven by — pricing throughout the year, managing currency devaluation and inflation — positive category and package mix ¢ Volume up 4.3% —
Slide 16: Comparable EPS of €1.04
EEE Resilient performance Driving best Comparable EPS of €1.04 Managing FX headwinds * Net finance costs increased €15m to €46.4m Comparable EPS € due to FX headwinds in Emerging ron) * Comparable tax rate of 27%, as expected * Comparable EPS @ €1.04, down 1.7%, mainly driven by higher finance costs
Slide 17: Strong balance sheet and increasing shareholder returns
Strong growth and share gains Driving best-in-cla xecution Strong balance sheet and increasing shareholder returns * Capex of €202.8m; decline year-on-year (y-o-y) — expect to be within guided range 6.5% - 7.5% at FY 2024 * Free Cash Flow of €220.2m; decreased due to adverse working capital ¢ Net de
Slide 18: Outlook
Outlook ¢ Expect macroeconomic and geopolitical backdrop to remain challenging in H2, with more uncertain consumer environment ° Reflecting strong first-half performance, high confidence in capabilities, 24/7 portfolio and potential across diversified markets, we are upgrading guidance for 2024 — or
Slide 19: Driving best-in-class execution
Slide 20: H1 shows that we can deliver in a range of market conditions
Driving best-in-class execution H1 shows that we can deliver in a range of market conditions Confident we cancontinueto JJ win in the marketplace, including through — affordability offers — premiumisation opportunities 20 Coca-ColaHBC H1 2024 Results Coca-Cola HBC
Slide 21: Continuing to invest in bespoke capabilities
Continuing to invest in bespoke capabilities to drive execution and capture market share Revenue growth management Route to market Personalised Data, insights execution ~ Talent & analytics (DIA) for = development Digital commerce L_ Customer management 21 Coca-Cola HBC H1 2024 Results
Slide 22: Continuing to invest in bespoke capabilities
Continuing to invest in bespoke capabilities to drive execution and capture market share Personalised Data, insights execution & analytics © for every outlet Bitesize Investor event 8 Oct 2024 22 Coca-ColaHBC H1 2024 Results
Slide 23: Driving best-in-class execution
Driving best-in-class execution 1. Strong organic revenue growth and volume growth of 3.1% — led by our strategic priority categories and with value share gains across NARTD and Sparkling 2. Resilient EBIT performance while navigating dynamic markets 3. Continued investment in our strategic prioriti
Slide 24: Q&A
Slide 25: Forward-looking statement
Forward-looking statement This document contains forward-looking statements that involve risks and uncertainties. These statements may generally, but not always, be identified by the use of words such as ‘believe’, ‘outlook’, ‘guidance’, ‘intend’, ‘expect’, ‘anticipate’, ‘plan’, ‘target’ and similar