Coca-Cola Icecek A.S. · BIST:CCOLA
Coca-Cola Icecek A.S — 9M13 Earnings Presentation
16 slides from Coca-Cola Icecek A.S's earnings presentation, Nov 11, 2013
Slide 1: 9M13 Results
9M13 Results November 11, 2013 Istanbul Damian P. Gammell CEO Orhun Köstem CFO
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation includes forward-looking statements including, but not limited to, statements regarding Coca-Cola İçecek’s (“CCI”) plans, objectives, expectations and intentions and other statements that are not historical facts. Forward- looking statements can generally
Slide 3: 9M13 Review
9M13 Review Management change Double digit volume and revenue growth Net revenue per case up 3% 2
Slide 4: Volume up by 14% in 9M13 - Proforma
Volume up by 14% in 9M13 - Proforma Turkey Volume International Volume Consolidated Volume (Unit cases in millions) (Unit cases in millions) (Unit cases in millions) 460 463 854 746 392 287 9M12 9M13 9M12 9M13 9M12 9M13 3
Slide 5: 9M13 Sales Volume Breakdown - Proforma
9M13 Sales Volume Breakdown - Proforma Volume split (uc) - Geography Volume split (uc) – Consolidated Tea 7% Still Turkey 20% 54% Int. 46% Sparkling 73% 4
Slide 6: Product introductions - Turkey
Product introductions Turkey Coca-Cola, Coca-Cola Light, Burn Subzero The sparkling beverage Coca-Cola Zero, Fanta, Sprite, Can 250/500 ml. RB 300 ml category contracted by low single digit in 9M13 Cappy Nectars OWB 250 ml. Still beverages excluding Promotions water grew by high single digits in 9M1
Slide 7: Product introductions - International Operations
Product introductions International Operations Fuse Tea Honey-Orange Central Asia Pet 500 ml Piko Tempo Mors Pet 1 L. Kazakhstan +%30% Azerbaijan +8% Pakistan Coca-Cola, Fanta, Sprite Slim Can 250 ml. Iraq Promotions +216% Pakistan +22% 6
Slide 8: Net sales up by 18% in 9M13 - Proforma
Net sales up by 18% in 9M13 - Proforma Turkey Net Sales International Net Sales Consolidated Net Sales (TL in millions) (US$ in millions) (TL in millions) 4.184 2.222 2.391 965 3.545 743 9M12 9M13 9M12 9M13 9M12 9M13 7
Slide 9: EBITDA up by 21% in 9M13 - Proforma
EBITDA up by 21% in 9M13 - Proforma Turkey TurkeyEBITDA EBITDA International EBITDA Consolidated EBITDA (TL in millions) * (US$ in millions) (TL in millions) 17.9% 18.7% 20.9% *19.2% * 18.3% 18.8% 787 202 447 399 649 143 9M12 9M13 9M12 9M13 9M12 9M13 *EBITDA Margin 8
Slide 10: Financial Review
Financial Review N. Orhun Köstem CFO
Slide 11: Introduction to Financial Statements
Introduction to Financial Statements Basis of Preparation Consolidated / TL/$ TL/$ International* Turkey Year-End Average Functional September September TL USD Currency 30, 2013 30, 2013 2.0342 1.8628 Reporting December September TL USD Currency 31, 2012 1.7826 30, 2012 1.7942 Presentation ∆ 14.1% ∆
Slide 12: Key Financials – Pro-forma Consolidated
Key Financials – Pro-forma Consolidated 9M12 9M13 Change% 3Q12 3Q13 Change% Volume 746.2 854.1 14.5% 308.7 337.1 9.2% Net Sales 3,545.5 4,183.9 18.0% 1,692.9 1,474.0 14.8% Consolidated EBITDA 648.8 786.8 21.3% 302.0 350.2 16.0% (TL million) EBITDA 18.3% 18.8% 20.5% 20.7% Margin Net Income 378.9 538.
Slide 13: Financial Expenses - Proforma
Financial Expenses - Proforma 9M13 9M12 Interest income 23.7 21.7 Interest expense (-) (64.7) (47.7) Foreign exchange gain / (loss) 32.6 (26.3) Realized FX gain / (loss) - Borrowings (0.1) 0.0 Unrealized FX gain / (loss) - Borrowings (179.3) 58.1 Gain / (loss) on derivative transactions 0.0 0.0 Fina
Slide 14: Debt Structure - Proforma
Debt Structure - Proforma 9M13 FY12 Change% USD denominated* 830 852 -3% EURO denominated* 46 51 -8% TL denominated 37 35 8% Other (in USD terms) 64 84 -24% Total Financial Debt in TL 1,984 1,822 9% Total Cash & Equivalent in TL 519 608 -15% Net Debt in TL 1,465 1,215 21% Net Debt in US$ 720 681 6%
Slide 15: Closing Remarks
Closing Remarks
Slide 16: Thank you
Thank you