Coca-cola Icecek A.s. · BIST:CCOLA
Coca-cola Icecek A.s — Investor Presentation (September 2020)
67 slides from Coca-cola Icecek A.s's investor presentation, September 2020
Slide 1: Investor Presentation September 2020
INVESTOR PRESENTATION SEPTEMBER 2020 cci.com.tr
Slide 2: Forward-looking statements
CCI - I NV E S TOR P RE S E NT A TI ON C C I .C O M .T R 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 hi
Slide 3: Agenda
CCI - I NV E S TOR P RE S E NT A TI ON C C I .C O M .T R Agenda Overview Financial of CCI Review 2Q20 Sustainability Performance Strategic Priorities & Appendix COVID-19 Growth Opportunities 3
Slide 4: Overview of CCI
© Overview \ | of CCl
Slide 5: Key investment highlights
CCI - I NV E S TOR P RE S E NT A TI ON OVERVIEW OF CCI EXCELLENT BRAND PORTFOLIO Key investment highlights EXCELLENT BRAND STRONG SYSTEM PROVEN TRACK ABUNDANT POTENTIAL PORTFOLIO ALIGNMENT RECORD IN DEMOGRAPHICS THAT WE CONTINUE THAT IS IMPROVING EXPANSION, GROWTH IN TO INNOVATE EVERYDAY WITH TCCC E
Slide 6: A multinational beverage company
CCI - I NV E S TOR P RE S E NT A TI ON OVERVIEW OF CCI A multinational beverage company 10 COUNTRIES, ~400 MN 1.3BN UC SALES PEOPLE KAZAKHSTAN VOLUME AZERBAIJAN KYRGYZSTAN 1.5BN UC(1) ANNUAL 26 PRODUCTIONPLANTS, TURKEY TURKMENISTAN TAJIKISTAN PRODUCTION CAPACITY 126 LINES SYRIA IRAQ ~780 THOUSAND SA
Slide 7: …with a successful track record of growth
CCI - I NV E S TOR P RE S E NT A TI ON C C I .C O M .T R …with a successfull track record of growth 4X 10X 12X 11% 18% 19% VOLUME REVENUE EBITDA CAGR CAGR 2005- CAGR 2005- 2005-2019 2019 2019 EXPANDING INTO CENTRAL ASIA AND SINGLE COUNTRY IN NORTH IRAQ JV IN PAKISTAN IN SOUTH IRAQ IN A REGIONAL 2005
Slide 8: Resulting in a rising performance...
CCI - I NV E S TOR P RE S E NT A TI ON OVERVIEW OF CCI Resulting in a rising performance... Maintaining Quality Growth Solid Free Cash Flow 36% 1,079 Growth TL million 26% 27% 729 727 642 21% 18% 19% 17% 15% 13% 6% 4% 0% -37 CAGR (2005-16) 2017 2018* 2019 2016 2017 2018 2019 Cumulative 2005-2015 VOL
Slide 9: …with the right focus
CCI - I NV E S TOR P RE S E NT A TI ON OVERVIEW OF CCI …with the right focus Right Price Right Mix COVID-19 INITIATIVES Regional Strategies IC Portfolio Availability Effective discount and trade Optimum price/pack OPTIMIZATION OF SKU’s promotion management architecture QUICK ADAPTATION TO THE SHUT D
Slide 10: …and excellence in execution
CCI - I NV E S TOR P RE S E NT A TI ON OVERVIEW OF CCI …and excellence in execution Outlet Coverage Time in Field* (as of ’19) (as of ’19) 72% 95% SUPERIOR EXECUTION: BE AVAILABLE, BE COLD, BE VISIBLE Call Completion Rate** Strike Rate*** (as of ’19) (as of ’19) 90% 65% *Time in Field: Percentage of
Slide 11: 2019 highlights
CCI - I NV E S TOR P RE S E NT A TI ON OVERVIEW OF CCI 2019 highlights Balanced price adjustments, positive product and channel mix contributed to another year of quality growth despite challenges in our geographies VOLUME +0.1% TRANSACTIONS +2.7% NSR +15.3% EBITDA +19.0% 12,245 1,315 1,316 2,283 9,
Slide 12: 2Q20 Performance
2Q20 Performance
Slide 13: 2Q20 performance highlights
CCI - I NV E S TOR P RE S E NT A TI ON 2 Q 2 0 P E RF OR M A NC E Improved operating profitability and solid cash generation through disciplined pricing, cost and balance sheet management in 2Q20 -16.1% Volume decline with gradual improvement during the quarter 12.2% TRY 412 mio Growth in net sales
Slide 14: Delivering on our quality growth algorithm despite pandemic setbacks
CCI - I NV E S TOR P RE S E NT A TI ON 2 Q 2 0 P E RF OR M A NC E Delivering on our quality growth algorithm despite pandemic set backs Disciplined pricing, strict cost and expense management offset negative IC/FC mix VOLUME TRANSACTIONS NSR EBITDA mnUC TRYm TRYm 621 4,863 1,214 m 567 6,234 1,139 3,
Slide 15: Resilient sparkling mitigated softness of other categories
CCI - I NV E S TOR P RE S E NT A TI ON 2 Q 2 0 P E RF OR M A NC E Resilient sparkling mitigated softness of other categories, underlying importance of diversified portfolio WATER -47% 8% WATER -28% STILL 11% -27% 6% STILL -16% 7% SPARKLING -10% -7% SPARKLING -4% -2% 86% 82% » Growth in Sparkling in
Slide 16: 2Q20: Gradual transition to a more benign operating environment
CCI - I NV E S TOR P RE S E NT A TI ON 2 Q 2 0 P E RF OR M A NC E 2Q20: Gradual transition to a more benign operating environment AND TOTAL VOLUME PERFORMANCE AS ON-PREMISE RE-OPENS IC SHARE RECOVERS GRADUALLY IMPROVES YoY change 30% 31% JAN FEB MAR APR MAY JUN 25% 24% JAN FEB 1th-15 16th-31th APR M
Slide 17: Geographical diversification results in sustainable consolidated performance
CCI - I NV E S TOR P RE S E NT A TI ON 2 Q 2 0 P E RF OR M A NC E Geographical diversification results in sustainable consolidated performance Growth YoY TURKEY INTERNATIONAL PAKISTAN KAZAKHSTAN IRAQ FY2019 1.8% -1.5% -7.8% 13.9% 0.8% 1H20 -15.0% -3.7% -5.0% 2.8% -9.7% 42% SHARE IN TOTAL 58% 29% 13%
Slide 18: Turkey: gradual improvement in volumes & increased revenue per UC
CCI - I NV E S TOR P RE S E NT A TI ON 2 Q 2 0 P E RF OR M A NC E Turkey: gradual improvement in volumes & increased revenue per U/C Volume YoY Growth (%) Revenue per UC YoY Growth (%) Supported by right price adjustments April 2020 May 2020 June 2020 27.3% -15% 14.3% -40% -39% -7.6% May 2020 June 2
Slide 19: International: Benefiting higher share of home channel
CCI - I NV E S TOR P RE S E NT A TI ON 2 Q 2 0 P E RF OR M A NC E International: Benefiting higher share of home channel Volume YoY Growth (%) Revenue per UC (FX Neutral) YoY Growth (%) Supported by right market executions Kazakhstan 3% Pakistan INTERNATIONAL Azerbaijan Iraq 5.0% 3.0% (2%) (4%) -0.4
Slide 20: Strategic Priorities & COVID-19
Strategic Priorities & COVID-19
Slide 21: Long term purpose driven strategy remains intact
CCI - I NV E S TOR P RE S E NT A TI ON S T RA T E GI C P R I O R I T I E S & C OV I D - 19 Long term purpose driven strategy remains intact PEOPLE CUSTOMER & CONSUMER » Strict health and safety measures Being the preferred partner of our customers, offering our consumers » Reskilling of our people a
Slide 22: Strategic priorities in core business to create value
CCI - I NV E S TOR P RE S E NT A TI ON S T RA T E GI C P R I O R I T I E S & C OV I D - 19 Strategic priorities in core business to create value Accelerate Win at the Exercise Financial Growth Point of Sale Discipline Win with People • Full-beverage portfolio • Increase outlet coverage • Productivit
Slide 23: Safeguarding our ecosystem is paramount
CCI - I NV E S TOR P RE S E NT A TI ON S T RA T E GI C P R I O R I T I E S & C OV I D - 19 Safeguarding our ecosystem is paramount Supported communities Ensured uninterrupted business continuity at supply, production, route to market Ecosystem Adapted to consumer occasions, addressed Stringent measu
Slide 24: Growth Opportunities
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Slide 25: NARTD value growth opportunity
CCI - I NV E S TOR P RE S E NT A TI ON GROW T H OP P OR T U N I T I E S NARTD value growth opportunity TOTAL NARTD INDUSTRY IN CCI INDUSTRY VALUE GROWTH COUNTRIES: $14.7BN (2019) FMCG 3% +$3BN NARTD 30% 6% CAGR 2019- 2024E SPARKLING 51% STILLS 12% WATER 11% CCI VALUE SHARE OPPORTUNITY Source: Nielse
Slide 26: More room to grow…
CCI - I NV E S TOR P RE S E NT A TI ON GROW T H OP P OR T U N I T I E S More room to grow… Share of Immediate Consumption (IC) Packages in Sparkling YOUNG POPULATION IN CCI COUNTRIES 59% 51% ~2X HIGHER NSR PER ~60% CASE 1 ~1.5X Teen Recruitment 41% HIGHER GROSS MAR- Opportunity! GIN VS. FC 1 36% 27%
Slide 27: Lower per caps in CCI countries
United States 1.481 Germany 1.319 ** as of 2018 Italy 1.226 Spain 1.066 Belgium 1.044 Mexico 1.014 Poland 1.000 France 955 Source: TCCC and Canadean Estimates Canada 944 Bulgaria** 942 Romania 867 Australia 794 Saudi Arabia 793 Japan 791 *NARTD per cap per year in terms of number of 8 ounce servings
Slide 28: More room to diversify product portfolio
CCI - I NV E S TOR P RE S E NT A TI ON GROW T H OP P OR T U N I T I E S More room to diversify product portfolio Share of Low/No Calorie in Sparkling Category Breakdown Volume (2019) 27% 7% 18% 8% 15% 9% 8% 7% 6% 4% 0,3% 3% 2% 2% 1% 14% EMEA Iraq Jordan Turkey Pakistan Asia Pasific Tajikistan Kazakh
Slide 29: Prudent approach to geographical expansion
CCI - I NV E S TOR P RE S E NT A TI ON GROW T H OP P OR T U N I T I E S Prudent approach to geographical expansion Guiding principles for geographical expansion MANAGEMENT CONTROL & FULL CONSOLIDATION RIGHTS REASONABLE PROXIMITY COMPLEMENTARY MARKET DYNAMICS > ROIC > WACC Volume Breakdown 7% 19% 8%
Slide 30: Financial Review
Financial Review
Slide 31: Challenges on topline were mitigated by efficiency measures
CCI - I NV E S TOR P RE S E NT A TI ON FINANCIAL REVIEW Challenges on topline were mitigated by efficiency measures yielding strong profitability Consolidated (TRYm) 2019 Change 2Q20 Change 1H20 Change Net Sales 12,245 15.3% 3,613 (5.8%) 6,234 3.7% Gross Profit 4,207 19.3% 1,263 (8.0%) 2,110 2.1% EB
Slide 32: Improving per unit case performance
CCI - I NV E S TOR P RE S E NT A TI ON FINANCIAL REVIEW Improving per unit case performance Consolidated (TRY), FX-Neutral Net Revenue per UC Gross Profit per UC EBIT per UC 11.8% 7.5% 16.0% 5.4% 16.8% 16.9% yoy yoy yoy yoy yoy yoy 1.13 10.55 10.54 3.11 9.81 0.96 1.82 3.70 8.08 3.51 1.56 2.68 2018 2
Slide 33: Improvement in margins operating under unprecedented challenges
CCI - I NV E S TOR P RE S E NT A TI ON FINANCIAL REVIEW Improvement in margins operating under unprecedented challenges Reported Margins 0.7 pp* 1.3 pp* 1.2 pp 0.8 pp » Expansion in comparable Gross Margin despite 3.5 pp* higher fixed cost per UC and negative mix; 0.1 pp* 1.3 pp • efficiency measure
Slide 34: Hedging beyond 2020 to lock in low commodity prices
CCI - I NV E S TOR P RE S E NT A TI ON FINANCIAL REVIEW Hedging beyond 2020 to lock in low commodity prices HEDGED POSITION HEDGED POSITION HEDGED POSITION MANAGING FX EXPOSURE FOR 2020 (1) FOR 2020 (1) FOR 2020 (1) RELATED TO RAW MATERIALS... 100%(2) 77% 75%(3) for 2021 (1) » Cash designation metho
Slide 35: Disciplined financial management
CCI - I NV E S TOR P RE S E NT A TI ON FINANCIAL REVIEW Disciplined financial management NET NET DEBT INTEREST NET DEBT (USD MN) COVERAGE / EBITDA Covenant Covenant < 3.25x > 4x 1.5 531 1.1 431 1.07 11.6 7.3 369 9.0 2018 2019 1H20 2018 2019 1H20 2018 2019 1H20 INCREASING EBIT CONTINUED DELEVERAGING
Slide 36: Higher taxes mitigated by higher net FX gain
CCI - I NV E S TOR P RE S E NT A TI ON FINANCIAL REVIEW Higher taxes mitigated by higher net FX gain delivering solid bottomline at the peak of the pandemic TRYm 60 111 -25 -58 411 23 412 -2 -109 2Q19 Δ in Δ in Δ in Δ in other Δ in Δ in Δ in tax 2Q20 Net Income EBITDA D&A(1) FX gain/(loss) financial
Slide 37: Balance sheet remains strong with well managed FX exposure
CCI - I NV E S TOR P RE S E NT A TI ON FINANCIAL REVIEW Balance sheet remains strong with well managed FX exposure Net Debt ($m) Borrowings Net FX Position on Balance Sheet 1.61x USD 118m FX DEBT vs YE19 1.12x 1.07x USD 45m FX CASH vs YE19 -332.0 USD million USD 76m LOCAL CASH vs YE19 USD 59m LOCAL
Slide 38: Understanding CCI balance sheet FX position
CCI - I NV E S TOR P RE S E NT A TI ON FINANCIAL REVIEW Understanding CCI “balance sheet” FX position $149m (equiv. TRY $m 165 1.020m a s s e e n in June Interim Report) Other BS Liab (1) -278 -57 Cash and Cash Eq (3) Other BS Rece (4) -319 Excluding BS Receivables 638 & Payables Borrowings (1) Cash
Slide 39: Liquidity remains strong
CCI - I NV E S TOR P RE S E NT A TI ON FINANCIAL REVIEW Liquidity remains strong Maturity Profile Currency Breakdown 57% 21% 49% 63% 22% 9% CASH 9% DEBT 17% 18% 15% 2% 6% 11% 1% 2H 2020 2021 2022 2023 2024 *uncommitted lines in line with the practice in Turkey USD EUR TRY OTHERS USD EUR TRY PKR HEDG
Slide 40: CCI stand-alone rating deserves investment grade
CCI - I NV E S TOR P RE S E NT A TI ON FINANCIAL REVIEW CCI “Stand-alone rating” deserves investment grade as per rating agencies’ methodologies Current Ratings Issuer Rating Outlook Date Fitch BBB- Stable 2020, July Moody’s B1 Negative 2019, June Stand-Alone Credit Rating Drivers Bottlers Agreement
Slide 41: Pillars of strong FCF – improving working capital efficiency
CCI - I NV E S TOR P RE S E NT A TI ON FINANCIAL REVIEW Pillars of strong FCF – improving working capital efficiency Net Working Capital/NSR* FULL YEAR 7.4% DSO DSI DPO 5.7% 2016 30 Days 47 Days 51 Days 4.5% 4.3% 2017 29 Days 43 Days 57 Days 2.9% 2018 27 Days 48 Days 64 Days 2019 27 Days 50 Days 68
Slide 42: Pillars of strong FCF – prudent capital expenditure
CCI - I NV E S TOR P RE S E NT A TI ON FINANCIAL REVIEW Pillars of strong FCF – prudent capital expenditure CapEx / NSR* FULL YEAR TL766 MILLION CAPEX IN 2019 8.1% 7.3% 62% RELATED TO INTERNATIONAL OPERATIONS 6.3% 6.9% on 5.9% average 5.4% 38% RELATED TO TURKEY OPERATIONS 2016 2017 2018 2019 1H20 *N
Slide 43: Record free cash flow generation
CCI - I NV E S TOR P RE S E NT A TI ON FINANCIAL REVIEW Record free cash flow generation Free Cash Flow and Yield* 1,079 11.0% 727 729 9.3% 642 Working 8.2% 7.6% Capital Efficiency Prudent CapEx 46 -44 10 0.5% EBITDA 0.1% -0.3% Growth 2013 2014 2015 2016 2017 2018 2019 FCF (TLmn) FCF Yield *Free cas
Slide 44: Disciplined capital allocation
CCI - I NV E S TOR P RE S E NT A TI ON FINANCIAL REVIEW Disciplined capital allocation ORGANIC INORGANIC SHAREHOLDER GROWTH GROWTH DELEVERAGING RETURN Optimum CapEx Selective M&A Debt Dividends Allocation Strategy Repayment CapEx/Sales ~6.3% (2019) Bolt-on acquisitions Optimum debt Sustainable divid
Slide 45: Dividends
CCI - I NV E S TOR P RE S E NT A TI ON FINANCIAL REVIEW Dividends Dividend per Share (TL per 100 shares) 2019 DIVIDEND PAID IN 2020 IS TL 239MN* DIVIDEND AMOUNT BASED ON: Dividend Yield: NET DISTRIBUTABLE INCOME 4.3% Dividend Yield: FREE CASH FLOW GENERATION 1.18 2.1% Dividend Yield: 2.1% CAPEX AND
Slide 46: Sustainability
(2) Sustainability
Slide 47: Shareholder structure & composition of the board of directors
CCI - I NV E S TOR P RE S E NT A TI ON SUST A I NA B I L I T Y Shareholder structure & composition of the board of directors 50.3% Anadolu Efes Biracılık ve Malt Sanayi AŞ (& its Subsidiaries) Compositon of BoD 27.8% Free Float and Other 12 Members 12 of whom are 1.9% non-executive Özgörkey Holding
Slide 48: CCI's sustainability journey
CCI - I NV E S TOR P RE S E NT A TI ON SUST A I NA B I L I T Y CCI’s CCI Operations became the first multi- country operation in TCCS among all bottlers to complete the “Top 10 Energy- Saving Challenge Program” sustainability Became the 1st company from Turkey and within TCCS in the UNGC 100 Index j
Slide 49: ESG organization in CCI
CCI - I NV E S TOR P RE S E NT A TI ON SUST A I NA B I L I T Y ESG organization in CCI BOARD OF DIRECTORS CORPORATE GOVERNANCE RISK DETECTION EXECUTIVE COMMITTEE AUDIT COMMITTEE COMMITTEE COMMITTEE ENVIRONMENTAL & SOCIAL HEALTH & SAFETY DIVERSITY & INCLUSION ETHICS & COMPLIANCE SUSTAINABILITY COMMIT
Slide 50: Our focus & sustainable development goals
CCI - I NV E S TOR P RE S E NT A TI ON SUST A I NA B I L I T Y Our focus & sustainable development goals CONSUMER CUSTOMER WELL-BEING VOLUE CUSTOMER & CONSUMER ENVIRON- CREATE HUMAN MENTAL FOOTPIRINT VALUE RIGHTS COMMUNITY PEOPLE COMMUNITY HUMAN DEVELOPMENT CAPITAL 50 PUBLIC
Slide 51: Environmental footprint
CCI - I NV E S TOR P RE S E NT A TI ON SUST A I NA B I L I T Y Environmental footprint ENERGY MANAGEMENT & CLIMATE PROTECTION Production Transport & Distribution Cooling Practices Core Energy Usage Ratio (MJ/L) (2019) “Route Optimization Project” By using cold drink equipment with Energy Management
Slide 52: Environmental footprint
CCI - I NV E S TOR P RE S E NT A TI ON SUST A I NA B I L I T Y Environmental footprint Core Energy Use Ratio (MJ/L) 0,39 0,26 0,27 0,26 0,26 1,12 0,25 0,27 0,31 0,72 0,44 0,45 0,44 0,67 0,38 0,35 0,36 0,40 0,38 0,36 0,33 0,48 0,44 0,46 0,42 0,46 0,33 TCC TURKEY JORDAN KAZAKHSTAN AZERBAIJAN PAKISTAN
Slide 53: Water management
CCI - I NV E S TOR P RE S E NT A TI ON SUST A I NA B I L I T Y Water management SAVE & REDUCE REUSE REPLENISH Water Savings Across CCI (m3) We recycle and reuse We replenished 589,625 m3 of the water in 12 bn liters* of water 1,548,905 1,420,312 our production processes 985,785 654,000 Life Plus Env
Slide 54: Sustainable packaging
CCI - I NV E S TOR P RE S E NT A TI ON SUST A I NA B I L I T Y Sustainable packaging REDUCE REUSE RENEW RECYCLE PET and Glass Lightweight Returnable Glass Bottles r-PET (Recycled PET) Post-Consumer Material Collection Implementing lightweight Glass bottles can be used up Tests started in 2018 Cross-
Slide 55: Community
CCI - I NV E S TOR P RE S E NT A TI ON SUST A I NA B I L I T Y Community WOMEN EMPOWERMENT YOUTH EMPOWERMENT We have been a signatory to the Women’s ~60% of the population Investing in our geographical regions’ young and Empowerment Principles (WEP) since March 15 in CCI geography is growing populat
Slide 56: Customer value
CCI - I NV E S TOR P RE S E NT A TI ON SUST A I NA B I L I T Y Customer value WATER STEWARDSHIP WASTE MANAGEMENT FOCUS ON WATER STRESS AREAS We attach particular importance Increasing recycling rates and to water related issues transition to a circular economy is a priority focus area Sourcewater Vu
Slide 57: Consumer Well-Being
CCI - I NV E S TOR P RE S E NT A TI ON SUST A I NA B I L I T Y Consumer Well-Being OFFERING MORE CHOICES PASSED all food safety and quality audits All CCI plants obtained Food Safety System Certification » Well-diversified product portfolio FSSC 22000 Standard » Increasing focus on Low/No calorie »
Slide 58: Customer value
CCI - I NV E S TOR P RE S E NT A TI ON SUST A I NA B I L I T Y Customer value Superior Execution Commercial Excellence Excellence in Supply Chain We are investing in developing our At Global Customer and Commercial Operational Excellence (OE) with the people and technologies to provide Leadership Aw
Slide 59: Human rights
CCI - I NV E S TOR P RE S E NT A TI ON SUST A I NA B I L I T Y Human rights Supplier Guiding Principles Diversity and Inclusion Health and Safety Diversity and Inclusion Advisory Board Health and safety issues managed through the Coca-Cola Operating Gender Requirements (KORE) » “Women in Leadership”
Slide 60: Human rights
CCI - I NV E S TOR P RE S E NT A TI ON SUST A I NA B I L I T Y Human rights …affecting various Human Rights Policy… …integrated to our practices… stakeholders CCI published its first Integrating human rights and Human rights trainings Human Rights Policy in workplace rights into all of our targeting
Slide 61: Human capital
CCI - I NV E S TOR P RE S E NT A TI ON SUST A I NA B I L I T Y Human capital Talent Management TEAMWORK PASSION Employee Engagement » CCI Talent Management » “Leadership in Field” Principles program » My Career Platform » “Value Play Shop” program » CCI Career Navigation » CCI Employee Engagement Fr
Slide 62: CCI is included in leading sustainability indices
CCI - I NV E S TOR P RE S E NT A TI ON SUST A I NA B I L I T Y CCI is included in leading sustainability indicies 62 PUBLIC
Slide 63: On our agenda
CCI - I NV E S TOR P RE S E NT A TI ON SUST A I NA B I L I T Y On our agenda 2030 TARGETS INTEGRATED CEO WATER TO BE RELEASED REPORT MANDATE SCIENCE BASED BLOOMBERG TARGETS GENDER- INITIATIVES EQUALITY INDEX 63 PUBLIC
Slide 64: Back-up – community snapshot
CCI - I NV E S TOR P RE S E NT A TI ON SUST A I NA B I L I T Y Back-up – community snapshot PROJECT PROJECT C O U N T R I E S IN TYPE S 2019 3.2.1. Move Turkey, Kazakhstan Coca Cola Belestry Kazakhstan YOUTH EMPOWE Olympic Moves Program Azerbaijan R- MENT Coca Cola Grassroots Football Tournament Aze
Slide 65: Appendix
Appendix
Slide 66: Country data-2019
CCI - I NV E S TOR P RE S E NT A TI ON A P P E N DI X Country data-2019 Population GDP per cap, PPP Per capita NARTD CCI's Market Share CCI's Market Position Capacity Capacity (mn)(1) (USD 000) (2) consumption (L) (3) in Sparkling (4) in Sparkling (mn UC) Utilization Rate Turkey 83.0 28.8 56 66% 1 6
Slide 67: Thank you!
INVESTOR PRESENTATION SEPTEMBER 2020 Thank you! cci.com.tr
Coca-Cola İçecek A.Ş. — Investor Presentation (September 2020) on 6ix