Luckin Coffee, Inc. · OTC:LKNCY
Luckin Coffee — Q3 2023 Earnings Presentation
15 slides from Luckin Coffee's earnings presentation, Nov 1, 2023
Slide 1: LKNCY 2023Q3 Earnings Presentation
LKNCY 2023Q3 Earnings Presentation November 1, 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 1 UPDATE FINANCIAL 2 HIGHLIGHTS
Slide 4: Business Update
BUSINESS UPDATE © juckin coff
Slide 5: Another strong quarter with record high average monthly transacting customers
Another strong quarter with record high average monthly transacting customers Total net revenues Average monthly SSSG(2) transacting customers(1) (self-operated stores) RMB7.2 billion 58.5 million 19.9% +84.9% YoY increase +132.9% YoY increase Store-level operating GAAP Operating Store footprint wor
Slide 6: Rapid expansion with more than 2,400 net new store openings in Q3 2023
Rapid expansion with more than 2,400 net new store openings in Q3 2023 Footprint in China 4,466 Partnership stores Heilongjiang 13,255 Jilin Total stores* Beijing Liaoning Neimenggu 8,789 Tianjin Self-operated stores Hebei Ningxia Shanxi +2,426 Qinghai Gansu Shandong Jia Roastery in Kunshan Net new
Slide 7: Maotai latte brews up new craze with record high sales in a day
Maotai latte brews up new craze with record high sales in a day New transacting customers acquired JIANGXIANG 30+ million FLAVORED LATTEE Cumulative transacting New Record customers(1) for the 1st day of launch 200+ million 5.42+ million cups RMB 100+ million Average monthly transacting customers(2)
Slide 8: Luckin Coffee Sustainable Development Strategy released
Luckin Coffee Sustainable Development Strategy released and the first company carbon emission verification and product carbon footprint verification Being a force for brighter future Completed company carbon inventory and verification by Bureau Veritas for the first time The scope of the verificatio
Slide 9: Financial Highlights
2 FINANCIAL HIGHLIGHTS
Slide 10: Strong revenue growth driven by rapid market expansion and rising monthly transacting customers
Strong revenue growth driven by rapid market expansion and rising monthly transacting customers Total net revenues Self-operated stores (in million RMB) Operating profit 15,000 Revenues from self-operated stores(1) SSSG (2) 250.0% (in million RMB) (in million RMB) 2,500 25.0% 10,000 110.0% Growth ra
Slide 11: Continuously leading the market with more than 13,000 stores at the end of Q3 2023
Continuously leading the market with more than 13,000 stores at the end of Q3 2023 Number of stores(1) Net new store openings(2) Average monthly transacting customers(3) (in million) Self-operated stores +2,437 Self-operated stores Partnership stores Partnership stores 13,273 58.5 +818 +1,485 10,836
Slide 12: Healthy margin profile attributable to operational efficiency and scale benefits
Healthy margin profile attributable to operational efficiency and scale benefits (As reported) DTA valuation Net profit margin 13.7% allowance release 10.2% RMB988million RMB252 million RMB736 million Store-level operating profit General & administrative Sales & marketing Restructuring-related (self
Slide 13: Balance sheet, liquidity and cash generation
Balance sheet, liquidity and cash generation Cash at bank and on hand(1) Cash flow from operating activities RMB RMB 5.7 billion 1.3 billion Interest-bearing debt Free cashflow(2) USD Full redemption RMB 0 of Senior Notes B in 3Q22 310.1 million Notes: (1) Includes cash and cash equivalents, restric
Slide 14: Leadership updates: promoted young talents to aid future growth
Leadership updates: promoted young talents to aid future growth THINK BIG！ GROW TOGETHER！ 14
Slide 15: Q&A
Q&A