Luckin Coffee, Inc. · OTC:LKNCY
Luckin Coffee — Q1 2023 Earnings Presentation
15 slides from Luckin Coffee's earnings presentation, May 1, 2023
Slide 1: LKNCY 2023Q1 Earning Presentation
LKNCY 2023Q1 Earning Presentation May 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
1 BUSINESS UPDATE 2 FINANCIAL HIGHLIGHTS
Slide 4: Business Update
J BUSINESS UPDATE luckin coffee | ii
Slide 5: Robust Q1 results performance with accelerated store expansion
Robust Q1 results performance with accelerated store expansion Total net revenues Average monthly SSSG(2) transacting customers(1) (self-operated stores) RMB4,436.7 million 29.5 million 29.6% +84.5% YoY increase +84.6% YoY increase Store-level operating GAAP Operating Store footprint(5) profit(3) in
Slide 6: Commenced taking comprehensive carbon inventory
Commenced taking comprehensive carbon inventory In 2023, Luckin Coffee will continue to deepen its sustainable development efforts across all business areas, including. • In March 2023, we initiated the development of sustainable development goals and commitments across key business units • We also
Slide 7: Our Vision
First step in international expansion with store openings in Singapore Our Vision “ To build a world-class coffee brand and become a part of everyone’s daily life. ” 7
Slide 8: Product quality and innovation is our greatest brand power
Product quality and innovation is our greatest brand power Cumulative transacting customers (Since inception) 150+ million Continued investment in the highest-quality coffee beans sourced around the world 10 Q-Grader R&D staffs from Luckin Blockbuster product in Q1 Minty Coconut Latte Coconut Milk L
Slide 9: Largest coffee chain in China with substantial expansion opportunities
Largest coffee chain in China(1) with substantial expansion opportunities through optimized store mix Footprint in China Self-operated stores: 6,308 stores in 60 cities* Heilongjiang 9,349 Partnership stores: Jilin Total stores* 3,041 stores in 232 cities* Beijing Liaoning +1,135 Neimenggu Tianjin H
Slide 10: Financial Highlights
2 FINANCIAL HIGHLIGHTS luckin coffee | ii
Slide 11: Strong revenue growth and increased profitability in the first quarter of 2023
Strong revenue growth and increased profitability in the first quarter of 2023 Q1’21 Q1’22 Q1’23 Total stores at end of the quarter (1) 4,951 6,580 9,351 Net new store openings # (2) 148 556 1,137 # of average monthly transacting customers (‘000) (3) 8,728 15,975 29,489 Group Performance Revenue (RM
Slide 12: Store expansion: 1,137 net new store openings in Q1
Store expansion: 1,137 net new store openings in Q1 and increased our expansion pace post COVID 1,137 9,351 Q1’23 Net new store openings(1) Total # of stores as of 31 Mar. 2023 Chinese International Market Q1’22 Q2’22 Q3’22 Q4’22 Q1’23 Market Q1’23 Total stores at end of Total stores at end of the q
Slide 13: Continued improvement in our profitability profile, with record-high operating margin
Continued improvement in our profitability profile, with record-high operating margin Record-high operating margin of 15.3% in the first quarter of 2023 Store-level profit margin (1) % Total net revenue (2) % Total net revenue (2) % Total net revenue (2) 25.2% 21.6% 7.2% 18.5% 5.5% 13.3% 5.3% 1.6% 4
Slide 14: Balance sheet, liquidity and cash generation
Balance sheet, liquidity and cash generation Cash and cash equivalents(1) Cash flow from operating activities RMB RMB 4,386 million 1,073 million Interest-bearing debt Change in cash USD Full redemption RMB 0 of Senior Notes B in 3Q22 807 million Notes (1) Includes restricted cash and short-term inv
Slide 15: luckin coffee
luckin coffee | ii