Coca-cola Bottlers Japan Holdings Inc. · TSE:2579
Coca-cola Bottlers Japan — Q2 2024 Earnings Presentation
24 slides from Coca-cola Bottlers Japan's earnings presentation, Aug 5, 2024
Slide 1: Second Quarter 2024 Earnings Presentation
Second Quarter 2024 Earnings Presentation August 5, 2024 Coca-Cola Bottlers Japan Holdings Inc. Calin Dragan, President Bjorn Ivar Ulgenes, Vice President & CFO (Posted to CCBJH website August 2, 2024)
Slide 2: Coca-Cola Bottlers Japan Holdings Inc. (CCBJH)
Coca-Cola Bottlers Japan Holdings Inc. (CCBJH) Second Quarter 2024 Earnings Presentation 1H 2024 Results Marketing Update Outlook 2
Slide 3: Today’s Highlights
Today’s Highlights 1H business income grew 4 billion yen vs previous year. Progressing in line with full-year business income target. Q2 also saw revenue and profit growth. Top-line growth continued to contribute to profit growth. Efforts to capture summer demand in each channel are progressing well
Slide 4: 1H 2024 Results
1H 2024 Results
Slide 5: Revenue and profit grew in Q2 & 1H, earnings continued improvement trend
1H Results (vs 2023) Revenue and profit grew in Q2 & 1H, earnings continued improvement trend Unit: Million JPY 1H 2024 1H 2023 Change YoY Actual Actual YoY Revenue 411,455 404,109 +7,345 +1.8% Sales Volume (Million Cases) 232 230 +2 +1% NARTD (Non-alcoholic ready to drink) Beverage Volume (Million
Slide 6: Top-line growth and transformation led to 4B yen BI improvement
1H Drivers of Business Income (vs 2023) Top-line growth and transformation led to 4B yen BI improvement 1H 2023 Volume, DME Commodity & 1H 2024 Transformation Manufacturing Others Actual Price & Mix* (Direct Marketing Utility Cost (ex. Utility Cost) Actual Expense, fixed only) +1.2 -0.6 +1.1 • Impac
Slide 7: Wholesale revenue per case growth continues, volume growth accelerates
1H NARTD Sales Trend (vs 2023) Wholesale revenue per case growth continues, volume growth accelerates Sales volume grew 1% by capturing traffic increase and through effective commercial initiatives despite the impact on volume from price revisions. Wholesale revenue per case continues to improve wit
Slide 8: Profitability focused activities leading to value share growth and sustained price premiums
1H Market Share and OTC Retail Price Trends (vs 2023) Profitability focused activities leading to value share growth and sustained price premiums Total channel value share maintained a growth trajectory and grew by 0.3 pts. Vending value share returned to growth. In OTC channel, new products contrib
Slide 9: Maximize market execution by channel towards peak demand period
Topics Maximize market execution by channel towards peak demand period Vending OTC (Over the Counter) Food Service Strengthen activities focused on Enhanced acquisition of sales Expansion of products carried sparkling and tea to capture space leveraging full renewal of • Strengthen Coca-Cola Zero su
Slide 10: Transformation progressing well, generating benefits and building a foundation
Topics Transformation progressing well, generating benefits and building a foundation Vending Supply Chain Efficiency improvement of vending machine operations Productivity improvement in manufacturing fields • Fewer routes by improving visit frequency and routes • High-mix, small-lot manufacturing
Slide 11: Marketing Update
Marketing Update
Slide 12: Grew revenue & value share through strong campaigns & activations
1H 2024 Marketing Initiative Review Grew revenue & value share through strong campaigns & activations MARKETING CORE INNOVATIONS EXPERIENCE Ayataka Ayataka Core Yakan Koi Barley Tea Immersive Full Renewal Food with Sampling Event with Function Claims New Campaign Expo 2025 Osaka, Kansai Coca-Cola x
Slide 13: Further strengthen CORE through campaigns & innovations
Q3 2024 Marketing Initiative Highlights Further strengthen CORE through campaigns & innovations MARKETING CORE INNOVATIONS EXPERIENCE Ayataka Core Aquarius ORS Paris Olympic Full Renewal Renewal Comms Portfolio Promotion with New Campaign #2 as official Food for Medical Uses Coke with Meat FANTA Yog
Slide 14: Outlook
Outlook
Slide 15: Target strong profit growth despite high hurdles from previous year’s Q3
Outlook Target strong profit growth despite high hurdles from previous year’s Q3 Top-line growth focused on profit maximization • Capture summer demand through maximizing commercial activities leveraging new products and campaigns. July volume grew strongly by 3% despite cycling last year and weathe
Slide 16: Commercial transformation: Reorganizing equipment service organization to drive future growth
Topics Commercial transformation: Reorganizing equipment service organization to drive future growth Transformation Scheme: Ownership to Partnership Expected Benefits Focus business resources on areas where future growth is expected CCBJI CCBJBS CCBJV NeoArc (EQ) (EQ) … Improve efficiency and > oper
Slide 17: Summary
Summary Business income building-up steadily with 1H growing 4 billion yen vs prior year. Through profitability focus and achieving our best performance during peak demand period, ensure achieving full-year business income target of 10 billion yen. Progress on key initiatives such as October price r
Slide 18: THANK YOU
THANK YOU Investor Relations Coca-Cola Bottlers Japan Holdings Inc. ir@ccbji.co.jp https://en.ccbj-holdings.com/ir/
Slide 19: Appendix
Appendix
Slide 20: Q2 QTD (April - June) Results (vs 2023)
Q2 QTD (April - June) Results (vs 2023) Unit: Million JPY Q2 2024 Q2 2023 Change YoY Actual Actual YoY Revenue 224,926 222,046 +2,880 +1.3% Sales Volume (Million Cases) 128 126 +2 +2% NARTD (Non-alcoholic ready to drink) Beverage Volume (Million Cases) 127 125 +2 +2% COGS 125,164 123,990 +1,174 +0.9
Slide 21: NARTD Sales Trend by Channel / Category / Package (vs 2023)
NARTD Sales Trend by Channel / Category / Package (vs 2023) Q2 QTD (April to June) Sales Volume +2% By Package 1H (Jan to June) By Channel Wholesale Package Volume Channel Volume revenue per case 4% (Yen) S-PET +6% 6% 1% Supermarket (SM) -3% +62 12% M-PET +16% 5% L-PET -11% 22% 39% Drug & Discounter
Slide 22: ESG Initiatives: Focus on initiatives that create value
ESG Initiatives: Focus on initiatives that create value ------------------------------------------------------------------ Major Initiatives --------------------------------------------------------------- --------------Values-------------- Expansion of "CAN to CAN" horizontal aluminum can recycling
Slide 23: We bottle happy moments.
mn HIUDIS. We bottle happy moments.
Slide 24: Forward-looking Statements
Forward-looking Statements The plans, performance forecasts, and strategies appearing in this material are based on the assumptions and judgment of the management of Coca-Cola Bottlers Japan Holdings Inc. (CCBJH or Company) in view of data obtained as of the date this material was released. These fo
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