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1 Factsheet 2017 World’s Most Recognisable Brands ENERGY 1. FY 2017; Adjusted EBITDA is profit after tax plus taxes, net finance costs, non-operating items, depreciation, amortisation, and adjusted for items impacting comparability (a non-GAAP performance measure); free cash flow is defined as net cash flows from operations, less capital expenditures and interest paid, plus proceeds from capital disposals (a non-GAAP performance measure). Please refer to our Annual Report and Form 20-F filed on 15 March 2018 which provides further details of our non-GAAP performance measures and reconciles, where applicable, our results as reported under IFRS to the non-GAAP performance measures. 2. Revenue, Operating Profit and EPS are all currency neutral and excluding items impacting comparability; Return on Invested Capital (ROIC) is calculated as comparable operating profit after tax, on a tax and currency neutral basis, divided by the average of opening and closing invested capital for the year. Invested Capital is calculated as the addition of borrowings and equity less cash and cash equivalents. Revenue Growth Low Single-Digit Operating Profit Growth Mid-Single-Digit EPS Growth Mid-to-High Single-Digit ROIC Improvement 20 bps/year About Coca-Cola European Partners Coca-Cola European Partners (CCEP) is one of the world’s largest beverage companies and the world’s largest independent Coca-Cola bottler based on revenue. CCEP had 2017 revenue of over 11 billion, generated 2 billion of Adjusted EBITDA and delivered full-year free cash flow of 1 billion 1 . Serving 1 million outlets, across 13 countries, so over 300 million consumers can access and enjoy our drinks. Working with The Coca-Cola Company to drive profitable growth across developed European markets with a world-class sales, production, and distribution platform. Trading on the Euronext Amsterdam, the New York Stock Exchange, Euronext London, and Spanish stock exchanges, under the symbol CCE. CCEP was formed in 2016 by merging the bottling operations of Coca-Cola Enterprises (CCE), Coca-Cola Iberian Partners (CCIP), and Coca-Cola Erfrischungsgetränke GmbH (CCEG). READY-TO-DRINK TEA & COFFEE WATER, ENHANCED WATER, & SPORTS Long-Term Objectives 2 CCEP Focus TO BE a total beverage company, a leading consumer goods company, and the world’s best and most valuable Coca-Cola bottler… SPARKLING SOFT DRINKS JUICE & PLANT BASED BY DELIGHTING customers and consumers with great beverages and service, creating shared and sustainable value Andorra Monaco Spain France Germany Portugal Luxembourg Netherlands Belgium Iceland Great Britain Norway Sweden

2017 CCEP Investor Factsheet Draft v4 April-webir.ccep.com/~/media/Files/C/Cokeccep-IR/documents/2017 CCEP...Cold Drink Equipment 30% Sell, produce & IT 5% deliver 2.5B unit cases

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Page 1: 2017 CCEP Investor Factsheet Draft v4 April-webir.ccep.com/~/media/Files/C/Cokeccep-IR/documents/2017 CCEP...Cold Drink Equipment 30% Sell, produce & IT 5% deliver 2.5B unit cases

1

Factsheet 2017

World’s Most Recognisable Brands

ENERGY

1. FY 2017; Adjusted EBITDA is profit after tax plus taxes, net finance costs, non-operating items, depreciation, amortisation, and adjusted for items impacting comparability (a non-GAAP performance measure); free cash flow is defined as net cash flows from operations, less capital expenditures and interest paid, plus proceeds from capital disposals (a non-GAAP performance measure). Please refer to our Annual Report and Form 20-F filed on 15 March 2018 which provides further details of our non-GAAP performance measures and reconciles, where applicable, our results as reported under IFRS to the non-GAAP performance measures.

2. Revenue, Operating Profit and EPS are all currency neutral and excluding items impacting comparability; Return on Invested Capital (ROIC) is calculated as comparable operating profit after tax, on a tax and currency neutral basis, divided by the average of opening and closing invested capital for the year. Invested Capital is calculated as the addition of borrowings and equity less cash and cash equivalents.

Revenue Growth Low Single-Digit

Operating Profit Growth Mid-Single-Digit

EPS Growth Mid-to-High Single-Digit

ROIC Improvement ≥ 20 bps/year

About Coca-Cola European Partners

Coca-Cola European Partners (CCEP) is one of the world’s largest beverage companies and the world’s largest independent Coca-Cola bottler based on revenue. CCEP had 2017 revenue of over €11 billion, generated €2 billion of Adjusted EBITDA and delivered full-year free cash flow of €1 billion1.

Serving 1 million outlets, across 13 countries, so over 300 million consumers can access and enjoy our drinks.

Working with The Coca-Cola Company to drive profitable growth across developed European markets with a world-class sales, production, and distribution platform.

Trading on the Euronext Amsterdam, the New York Stock Exchange, Euronext London, and Spanish stock exchanges, under the symbol CCE.

CCEP was formed in 2016 by merging the bottling operations of Coca-Cola Enterprises (CCE), Coca-Cola Iberian Partners (CCIP), and Coca-Cola Erfrischungsgetränke GmbH (CCEG).

READY-TO-DRINK TEA & COFFEE

WATER, ENHANCED WATER, & SPORTS

Long-Term Objectives2 CCEP Focus

TO BE a total beverage company, a leading consumer goods company, and the world’s best and most valuable Coca-Cola bottler…

SPARKLING SOFT DRINKS

JUICE & PLANT BASED

BY DELIGHTINGcustomers and consumers with great beverages and service, creating shared and sustainable value

Andorra

MonacoSpain

France

Germany

Portugal

Luxembourg

Netherlands

Belgium

Iceland

Great Britain

Norway

Sweden

Page 2: 2017 CCEP Investor Factsheet Draft v4 April-webir.ccep.com/~/media/Files/C/Cokeccep-IR/documents/2017 CCEP...Cold Drink Equipment 30% Sell, produce & IT 5% deliver 2.5B unit cases

2

Factsheet 2017

Our Approach to Growth

Country Mix Highlights

DELIVER LONG-TERM PROFITABLE GROWTH SUSTAINABLY BY LEADING NON ALCOHOLIC READY-TO-DRINK (NARTD) VALUE GROWTH IN WESTERN EUROPE

1. Based on Full-Year ended 31 December 2017; rounded

2. Volume mix based on unit cases; Unit case = 24 8 ounce servings; FY 2017; internal reports; rounded

3. Home – customers who generally sell beverages at ambient temperature for later consumption; Cold - customers who generally sell beverages at chilled temperature for immediate consumption

PET Cans Glass/Other Home Cold

PACKAGE2 CHANNEL2,3REVENUE1 VOLUME2

CCEP 100% 100%

SPAIN & ANDORRA 23% 21%

GERMANY 20% 27%

GREAT BRITAIN 19% 21%

FRANCE & MONACO 16% 14%

BELGIUM & LUXEMBOURG 8% 6%

NETHERLANDS 5% 4%

NORWAY 4% 2%

SWEDEN 3% 3%

PORTUGAL 1% 1%

ICELAND <1% <1%

61%

55%

68%

53%

71%

62%

61%

67%

56%

59%

55%

39%

45%

32%

47%

29%

38%

39%

33%

44%

41%

45%

61%

51%

82%

49%

57%

52%

59%

74%

53%

54%

46%

22%

31%

4%

32%

27%

26%

24%

11%

26%

25%

26%

17%

18%

14%

19%

16%

22%

17%

15%

21%

21%

28%

Our Approach to Growth

GROW Free Cash Flow with Earnings In-line with Long-Term Targets

MAINTAIN Optimal Capital Structure and Financial Flexibility

PURSUE Disciplined Investment

DRIVE Shareholder Value with Increasing Return on Invested Capital

Capital Allocation Framework

ENHANCE Sparkling brands and core portfolio

EXPAND Products into new territories and continue to innovate

EXPLORE Innovation to unlock new revenue streams

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Factsheet 2017

21%

8%

64%

7%

VOLUME

MIX3

Spend ~€6B

with ~19,000

suppliers annually

Cost of sales is

~60% of revenue

KEY INPUTS

Variable ~85% Fixed ~15%*Taxes included in cost of sales (e.g.

excise, Soft Drink Industry Taxes)

Capital Spend Mix

Supply

Chain

60%

Cold Drink

Equipment

30%

IT 5%Sell, produce &

deliver 2.5B unit

cases annually

Operating

expenses are ~26%

of revenue2

CAPEX is expected

to be ~4% - 5% of

revenue over the

long term

PROCESSES &

OUTPUTS

Operating Expense Mix

General &

Admin

25%

D&A 5%

Capital Spend Type

Maintenance

~1/3

Growth

~2/3

COST OF SALES MIX

Concentrate,

Finished Goods

45%

Other 5%

Business Overview1

1. Based on Full-Year ended 31 December 2017; CCEP; rounded

2. Volume mix based on unit cases; FY 2017; internal reports; rounded

3. Defined as Regular > 20kcal per 100ml, Low =< 20kcal to > 4kcal per 100ml, and Zero =< 4 kcal per 100ml

4. “Other” includes energy brands owned by Monster Beverage Corporation in which The Coca-Cola Company (TCCC) has a minority investment

Service

customers in

~1M outlets with

~1M coolers and

vendors, with

over 300M

consumers able

to enjoy

our drinks

CUSTOMERS &

CONSUMERS

Top Brands

Selling &

Delivery

70%

1. Based on Full-Year ended 31 December 2017; CCEP; rounded

2. Operating Expenses excluding items impacting comparability; rounded

3. Volume mix based on unit cases; FY 2017; internal reports; rounded

4. Defined as Regular > 20kcal per 100ml, Low =< 20kcal to > 4kcal per 100ml, and Zero =< 4 kcal per 100ml

5. “Other” includes energy brands owned by Monster Beverage Corporation in which The Coca-Cola Company (TCCC) has a minority investment

Calories4

Channel

Brand

Owner5

Packaging

Coca-Cola

Trademark

Sparkling

Flavors &

Energy

Juices,

Isotonics,

& Other

Water

Packaging, Sweetener,

Other Commodities

25%

Taxes*

& Other

25%

Manu-

facturing

10%

D&A

5%

Page 4: 2017 CCEP Investor Factsheet Draft v4 April-webir.ccep.com/~/media/Files/C/Cokeccep-IR/documents/2017 CCEP...Cold Drink Equipment 30% Sell, produce & IT 5% deliver 2.5B unit cases

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Factsheet 2017

Country Overview

SPAIN & ANDORRA1

TOP 5 CCEP BRANDS

GREAT BRITAINGERMANY FRANCE &

MONACO5BELGIUM &

LUXEMBOURG7

NARTD MARKET MIX2 SSD Stills Water

44%26%

30%

15%

26%

59%

Value Volume

40%28%

27%

15%

33%

57%

Value Volume

55% 50%

29%19%

16%31%

Value Volume

30%17%

40%

18%

30%

65%

Value Volume

CCEP VOLUME MIX3

49 million

CONSUMERS4

530 muc

ANNUAL VOLUME3

10

PRODUCTION FACILITIES6

Value 35%;

Volume 18%

NARTD SHARE2

50%33%

24%

15%

26%

52%

Value Volume

57%

19%

13%

11%

61%

25%

4%10%

61%

27%

9%

3%

80%

13%

7%

60%

14%

7%

19%

81 million

682 muc

17

Value 19%;

Volume 11%

63 million

520 muc

6

Value 30%;

Volume 24%

63 million

359 muc

5

Value 20%;

Volume 10%

12 million

152 muc

3

Value 37%;

Volume 21%

1. AC Nielsen market data does not include Andorra

2. AC Nielsen FY 2017; NARTD – Non Alcoholic Ready-To-Drink; SSD – Sparkling Soft Drinks (includes Energy); Stills – Non-Carbonated

Beverages (includes Juice, Plant based, Ready-To-Drink Tea & Coffee, Sports); Water (includes enhanced, still and sparkling water)

3. Volume mix and annual volume based on internal reports in unit cases; FY 2017; annual volume in million unit cases (muc); rounded

4. Consumers from The World Factbook (US govt); Great Britain is United Kingdom less Northern Ireland Consumers from Northern

Ireland Statistics and Research Agency; rounded

5. AC Nielsen market data does not include Monaco

6. Production facilities are as at 31 Dec 2017

7. AC Nielsen market data does not include Luxembourg

8. AC Nielsen market data, collated via Gallup, is used for Iceland

Coca-ColaTM Sparkling Flavors & Energy Stills & Other Water

Page 5: 2017 CCEP Investor Factsheet Draft v4 April-webir.ccep.com/~/media/Files/C/Cokeccep-IR/documents/2017 CCEP...Cold Drink Equipment 30% Sell, produce & IT 5% deliver 2.5B unit cases

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Factsheet 2017

NETHERLANDS

TOP 5 CCEP BRANDS

SWEDENNORWAY PORTUGAL ICELAND8

NARTD MARKET MIX2 SSD Stills Water

46% 41%

40%34%

14%25%

68% 67%

23% 21%

9% 12%

55% 53%

31% 27%

14% 20%

30%15%

38%

20%

32%

65%

CCEP VOLUME MIX3

17 million

CONSUMERS4

99 muc

ANNUAL VOLUME3

1

PRODUCTION FACILITIES6

Value 22%;

Volume 15%

NARTD SHARE2,8

64%

24%

4%8%

39%

8%

42%

11%

5 million

49 muc

1

Value 32%;

Volume 31%

10 million

72 muc

1

Value 26%;

Volume 26%

11 million

37 muc

1

Value 15%;

Volume 7%

0.3 million

7 muc

2

73%

18%

8%1%

72%

18%

8%

2%

68%

22%

8%

2%

Value 35%;

Volume 39%

Value Volume Value Volume Value Volume Value Volume

Coca-ColaTM Sparkling Flavors & Energy Stills & Other Water

39%50%

46% 28%

15% 22%

Value Volume

Page 6: 2017 CCEP Investor Factsheet Draft v4 April-webir.ccep.com/~/media/Files/C/Cokeccep-IR/documents/2017 CCEP...Cold Drink Equipment 30% Sell, produce & IT 5% deliver 2.5B unit cases

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Financial Highlights

LONG-TERM RATING OUTLOOK

S&P BBB+ Stable

Moody’s A-3 Stable

Key Financial Measures

Unaudited, Fx impact calculated by recasting current year results at prior year rates

YEAR ENDED 31 DECEMBER 2017

€ MILLION % CHANGE

As Reported Comparable Fx-ImpactAs

ReportedComparable Fx-Impact

Comparable Fx-Neutral

Revenue 11,062 11,055 (142) 21.0% 1.5% (1.5)% 3.0%

Cost of sales 6,772 6,739 (85) 21.5% 2.0% (1.5)% 3.5%

Operating expenses 3,030 2,838 (31) 12.5% (2.5)% (1.0)% (1.5)%

Operating profit 1,260 1,478 (26) 48.0% 9.0% (1.5)% 10.5%

Profit after taxes 688 1,035 (19) 25.5% 13.0% (2.0)% 15.0%

Diluted earnings per share (€) 1.41 2.12 (0.04) (0.5)% 13.0% (2.0)% 15.0%

Board of Directors

Sol DaurellaChairman

Damian GammellChief Executive Officer

17 member Board with 9 independent non-executive directors

Executive Leadership

Nik JhangianiChief Financial Officer

Ron LewisChief Supply Chain Officer

Clare WardleGeneral Counsel & Company Secretary

Lauren SayeskiChief Public Affairs & Communications Officer

Peter BrickleyChief Information Officer

Nick WallChief Human Resources Officer

Victor RufartChief Strategy Officer

Francesc CosanoGeneral Manager - Iberia

Leendert Den Hollander General Manager – Great Britain

Ben LambrechtGeneral Manager - France

Frank Molthan General Manager - Germany

Stephen MoorhouseGeneral Manager – Northern Europe

Credit Ratings

As of 31 December 2017

Key Contacts

MEDIA RELATIONS

Shanna Wendt+ 44 (0) 7976 595 168

INVESTOR RELATIONS

Thor Erickson Claire Huff+1 (678) 260-3110 +44 (0) 1895 844 127

WEBSITE

www.ccep.com

Corporate Responsibility & Sustainability

Please refer to our Annual Report and Form 20-F filed on 15 March 2018 for additional information

2017 Dow Jones Sustainability Indices

2017 Global 100 Index of the Most Sustainable

Corporations in the World

Carbon Disclosure Project 2017

Climate A List and Water A List