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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
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
3
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%
4
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
5
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
6
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