Coca-cola Company (the) · NYSE:KO

Coca-cola Company (the) — Q4 2023 Earnings Presentation

8 slides from Coca-cola Company (the)'s earnings presentation, Feb 20, 2024

  1. Slide 1: Q4 2023 Margin Analysis

    Q4 2023 MARGIN ANALYSIS February 13, 2024 RECONCILIATION TO U.S. GAAP FINANCIAL INFORMATION The following presentation includes certain "non-GAAP financial measures" as defined in Regulation G under the Securities Exchange Act of 1934. A schedule which reconciles our results as reported under Genera

  2. Slide 2: Q4 2023 Margin Analysis: Consolidated Gross Margin

    Q4 2023 MARGIN ANALYSIS CONSOLIDATED GROSS MARGIN KEY TAKEAWAYS • Items impacting comparability primarily relate to economic hedging activities. ~200bps ~(70bps) • Underlying gross margin expanded ~10bps 57.8% ~(50bps) by ~200 bps, driven by strong organic revenue growth, partially 57.3% offset by h

  3. Slide 3: FY 2023 Margin Analysis: Consolidated Gross Margin

    FY 2023 MARGIN ANALYSIS CONSOLIDATED GROSS MARGIN KEY TAKEAWAYS • Items impacting comparability Operating segment mix headwind of ~(10bps) primarily relate to economic driven by relative outperformance of our lower margin, finished goods BIG segment hedging activities. versus our geographic operatin

  4. Slide 4: Q4 2023 Margin Analysis: Consolidated Operating Margin

    Q4 2023 MARGIN ANALYSIS CONSOLIDATED OPERATING MARGIN KEY TAKEAWAYS • Items impacting comparability primarily relate to transaction gains & losses, restructuring initiatives and economic hedging ~180bps ~(140bps) activities. ~0bps • Underlying operating margin 23.1% ~(220bps) expanded by ~180 bps, p

  5. Slide 5: FY 2023 Margin Analysis: Consolidated Operating Margin

    FY 2024 MARGIN ANALYSIS CONSOLIDATED OPERATING MARGIN KEY TAKEAWAYS • Items impacting comparability primarily relate to transaction gains & losses, restructuring initiatives and economic hedging activities. ~120bps ~(80bps) • Underlying operating margin ~10bps 29.1% ~(440bps) 28.7% expanded by ~120

  6. Slide 6: Appendix: Reconciliations of GAAP and Non-GAAP Financial Measures

    APPENDIX RECONCILIATIONS OF GAAP AND NON-GAAP FINANCIAL MEASURES

  7. Slide 7: Reconciliation of GAAP and Non-GAAP Financial Measures: Gross Margin

    THE COCA-COLA COMPANY AND SUBSIDIARIES Reconciliation of GAAP and Non-GAAP Financial Measures (UNAUDITED) Gross Margin: Three Months Ended Three Months Ended Basis Point December 31, 2023 December 31, 2022 Growth Reported Gross Margin (GAAP) 57.28% 55.43% 185 Items Impacting Comparability (Non-GAAP)

  8. Slide 8: Reconciliation of GAAP and Non-GAAP Financial Measures: Operating Margin

    THE COCA-COLA COMPANY AND SUBSIDIARIES Reconciliation of GAAP and Non-GAAP Financial Measures (UNAUDITED) Operating Margin: Three Months Ended Three Months Ended Basis Point December 31, 2023 December 31, 2022 Growth Reported Operating Margin (GAAP) 20.95% 20.49% 46 Items Impacting Comparability (No

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