Changes for page Coca-Cola HBC
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... ... @@ -54,7 +54,7 @@ 54 54 |Opening of Apapa plant in Nigeria 55 55 |1961|Second NBC plant in Ibadan commissioned 56 56 |1969|Hellenic Bottling Company established in Greece 57 -| [[image:file:///C:/Users/hp/AppData/Local/Temp/msohtmlclip1/01/clip_image001.png]]1972[[image:file:///C:/Users/hp/AppData/Local/Temp/msohtmlclip1/01/clip_image002.png]]|NBC listed on the Nigerian Stock Exchange57 +|1972|NBC listed on the Nigerian Stock Exchange 58 58 |1977|Acquisition of Coca-Cola franchises in Ireland & Northern Ireland 59 59 |1978|NBC’s Ikeja plant commissioned 60 60 |1983|Amita launched in Greece ... ... @@ -76,7 +76,7 @@ 76 76 |(% rowspan="3" %)2005|The company open its first energy-efficient combined heat and power (CHP) plant in Hungary 77 77 |The company acquire Russian juice producer CJSC Multon and Vlasinka mineral water in Serbia 78 78 |Coke Zero launch 79 -|(% rowspan="3" %) [[image:file:///C:/Users/hp/AppData/Local/Temp/msohtmlclip1/01/clip_image002.png]]2006|Acquisition of Serbian juice producer Fresh & Co79 +|(% rowspan="3" %)2006|Acquisition of Serbian juice producer Fresh & Co 80 80 |Coca-Cola HBC enters Cyprus through the acquisition of Lanitis Bros 81 81 |Acquisition of Fonti del Vulture mineral water in Italy 82 82 |2007|Founding of the PET to PET Recycling Plant in Austria ... ... @@ -83,7 +83,7 @@ 83 83 |(% rowspan="3" %)2008|Distribution agreement with Brown Forman (Jack Daniels, Finlandia, El Jimador) in Hungary. Currently Coca-Cola HBC is active with Brown Forman portfolio in 7 markets. 84 84 |Acquisition of Socib in Italy 85 85 |Coca-Cola HBC included in the DJSI for the first time 86 -|(% rowspan="3" %) [[image:file:///C:/Users/hp/AppData/Local/Temp/msohtmlclip1/01/clip_image001.png]]2011[[image:file:///C:/Users/hp/AppData/Local/Temp/msohtmlclip1/01/clip_image002.png]]|Opening of Business Service Organization office in Sofia, Bulgaria86 +|(% rowspan="3" %)2011|Opening of Business Service Organization office in Sofia, Bulgaria 87 87 |All its plants are certified to ISO 9001 88 88 |Acquisition of Kykkos in Cyprus 89 89 |2013|Coca-Cola HBC is listed on the premium segment of the London Stock Exchange ... ... @@ -101,117 +101,130 @@ 101 101 |The company launch Topo Chico Hard Selzer in 5 markets 102 102 |2022|The company complete the acquisition of Coca-Cola Bottling Company of Egypt S.A.E. 103 103 104 +[[image:CCH5.jpg]] 104 104 105 105 106 - Markets107 +== Brands == 107 107 108 - Thecompanymanageandreportitsbusinessby groupingits geographicalmarketsinto threesegments: emerging,developingand established markets.These groupings arebasedonawiderange of criteria, includingsocio-economic similarities, GDPperapita,consumptionof sparklingdrinks per capita and thestate of development of the local drinks market.109 +Coca-Cola HBC is a customer-centric business aiming to provide value to its customers by growing their business and through perfect execution in the marketplace. 109 109 110 -[[https:~~/~~/www.coca-colahellenic.com/en/about-us/what-we-do/markets>>url:https://www.coca-colahellenic.com/en/about-us/what-we-do/markets]] 111 111 112 +The company grow by supporting its customers’ growth. To do this, the company leverage its 24/7 portfolio and segmented sales execution to grow the overall beverage industry, focusing on areas of high value opportunity and executing with excellence. 112 112 113 -Established Markets 114 114 115 +With over 100 brands covering eight categories – sparkling, water, juices, ready-to-drink tea, energy, plant-based, premium spirits and coffee – Coca-Cola HBC has more opportunities to help its customers delight consumers than ever before, by providing the brands and drinks people want, when and where they want them. 115 115 117 + 118 +[[image:CCH6.png]] 119 + 120 + 121 += Markets = 122 + 123 +The company manage and report on its business by grouping its geographical markets into three segments: emerging, developing and established markets. These groupings are based on a wide range of criteria, including socio-economic similarities, GDP per capita, consumption of sparkling drinks per capita and the state of development of the local drinks market.{{footnote}}https://www.coca-colahellenic.com/en/about-us/what-we-do/markets{{/footnote}} 124 + 125 + 126 +== Established Markets == 127 + 116 116 The company operate in the established markets: Austria, Cyprus, Greece, Italy, Northern Ireland, Republic of Ireland and Switzerland. 117 117 130 + 118 118 These countries share a tradition of political and economic stability and similar economic features, not least, high levels of disposable income per capita. This prosperity and economic security supports the affordability of its products, notably its single-serve packages. 119 119 133 + 120 120 Established countries generally show high levels of consumer sophistication. There are signs of activities concentrating in the retail sector – a critical indication for future channel development. A shift in demand towards domestic consumption, reflecting a reduction in disposable income, further supports this trend. In this context, activation at final points of sale is a key focus for its marketing and sales efforts. 121 121 122 122 123 -Developing Markets 137 +== Developing Markets == 124 124 125 125 The company operate in the developing markets: Croatia, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia and Slovenia. 126 126 141 + 127 127 While developing markets have market-oriented economies, they generally have lower disposable income per capita than its established markets. In addition, these countries can be exposed to periods of economic volatility. Entry to the European Union has resulted in increased political stability, as countries increasingly conform to the EU’s principles, objectives and regulations. 128 128 129 129 130 -Emerging Markets 145 +== Emerging Markets == 131 131 132 132 The company operate in the emerging markets: Armenia, Belarus, Bosnia & Herzegovina, Bulgaria, Egypt, Moldova, Montenegro, Nigeria, North Macedonia, Romania, the Russian Federation, Serbia (including the Republic of Kosovo) and Ukraine. 133 133 149 + 134 134 These countries share relatively similar political and economic volatility, with lower per capita GDP than its developing or established segments. As a result, consumer demand is especially price sensitive, making the affordability of Coca Cola HBC’s products even more important. 135 135 152 + 136 136 The company deliver its products with a strategy of specialised revenue growth management, packaging and promotional programmes – these are the considerations at the core of its response to the nuances of local economic conditions. 137 137 138 -<market img> 139 139 156 +[[image:CCH3.png]] 140 140 141 -Brands 142 142 143 - Coca-ColaHBCisacustomer-centricbusinessaiming to provide valuetoits customers bygrowing their business and throughperfectexecution in the marketplace.159 += Financial Highlights = 144 144 161 +**Zoran Bogdanovic, Chief Executive Officer of Coca-Cola HBC AG, commented:**{{footnote}}https://www.coca-colahellenic.com/en/media/news/financial_news/2022/2021-full-year-results{{/footnote}} 145 145 146 -The company grow by supporting its customers’ growth. To do this, the company leverage its 24/7 portfolio and segmented sales execution to grow the overall beverage industry, focusing on areas of high value opportunity and executing with excellence. 147 147 148 - 149 -With over 100 brands covering eight categories – sparkling, water, juices, ready-to-drink tea, energy, plant-based, premium spirits and coffee – Coca-Cola HBC has more opportunities to help its customers delight consumers than ever before, by providing the brands and drinks people want, when and where they want them. 150 - 151 -<img brand> 152 - 153 - 154 -Financial Highlights 155 - 156 -Zoran Bogdanovic, Chief Executive Officer of Coca-Cola HBC AG, commented: 157 - 158 -[[https:~~/~~/www.coca-colahellenic.com/en/media/news/financial_news/2022/2021-full-year-results>>url:https://www.coca-colahellenic.com/en/media/news/financial_news/2022/2021-full-year-results]] 159 - 160 160 “The business has delivered a very strong recovery in 2021, with all key metrics above pre-pandemic levels, the result of consistent and disciplined focus on its strategic priorities over the last few years. The company finished the year with strong revenue growth, its highest ever EBIT margin and free cash flow while continuing to gain share. This performance demonstrates the strength of its 24/7 brand portfolio, revenue growth management capabilities and execution excellence in its markets. It is driven by the strong drive and passion of its people, who continue to show great creativity and adaptability in navigating the volatile operating environment while nurturing its culture which embraces change, challenge and care. The company's results and strong future plans are also a reflection of its stronger than ever partnership with The Coca-Cola Company. 161 161 166 + 162 162 2021 also marked 70 years since its early beginnings in Nigeria and I am more excited than ever by the growth potential of its business, further strengthened with the addition of Egypt to its country portfolio. 163 163 169 + 164 164 Revenue growth management actions focused behind both premium and affordable offers, as well as pricing and ongoing productivity improvements have enabled it to continue investing behind its strategic priorities, including in capabilities development, whilst achieving EBIT margin expansion. 165 165 172 + 166 166 Coca-Cola HBC is encouraged by the momentum the company see in the business. The company expect 2022 to be a year of strong sales supported by ongoing volume momentum, pricing actions and beneficial category mix. While mindful of inflationary headwinds and other risks, its track record and continuous focus on efficiencies give me confidence in delivering another year of EBIT growth. Given the positive long-term outlook for the business Coca-Cola HBC is increasing its targeted dividend pay-out range to 40-50%.” 167 167 168 168 169 169 Effective execution in a volatile environment drove strong recovery 170 170 171 -FX-neutral revenue growth +20.6% like-for-like1. Reported revenues +16.9% 178 +* FX-neutral revenue growth +20.6% like-for-like1. Reported revenues +16.9% 179 +* Business gained momentum in Q4, with FX-neutral revenue closing 10% above 20192 levels for the year like-for-like 180 +* Value share gains continued to increase, +80bps in NARTD 172 172 173 -Business gained momentum in Q4, with FX-neutral revenue closing 10% above 20192 levels for the year like-for-like 174 - 175 -Value share gains continued to increase, +80bps in NARTD 176 - 177 - 178 178 Volume growth of 14.0% like-for-like, or 13% on a reported basis, led by the Emerging and Established segments as well as the strategic priorities in its portfolio 179 179 180 -Sparkling volume +13.8%, Low/no sugar +47.3%; Adult sparkling +31.8% 184 +* Sparkling volume +13.8%, Low/no sugar +47.3%; Adult sparkling +31.8% 185 +* Energy volume + 45.3%, driven by the performance of Monster, Burn and Predator 181 181 182 -Energy volume + 45.3%, driven by the performance of Monster, Burn and Predator 183 - 184 - 185 185 Strength of brand portfolio demonstrated as pricing and other revenue growth management actions drove FX-neutral revenue per case +5.8%, or +3.9% excluding Poland 186 186 187 187 188 188 Consistent investment behind strategic priorities building growth momentum 189 189 190 -Costa Coffee now available in 17 markets; Caffè Vergnano launched in Q4, now live in 5 markets 192 +* Costa Coffee now available in 17 markets; Caffè Vergnano launched in Q4, now live in 5 markets 193 +* Geographical expansion into Egypt adds exciting growth opportunity, integration on track 194 +* Net Zero commitment backed by €250 million investment by 2025 191 191 192 -Geographical expansion into Egypt adds exciting growth opportunity, integration on track 193 - 194 -Net Zero commitment backed by €250 million investment by 2025 195 - 196 - 197 197 Expanded EBIT margin while increasing marketing investment 198 198 199 -Comparable EBIT grew by 23.6% with margins +60bps to 11.6%, including c. 30bps benefit from Cyprus property sale. Reported EBIT grew by 21.0% 198 +* Comparable EBIT grew by 23.6% with margins +60bps to 11.6%, including c. 30bps benefit from Cyprus property sale. Reported EBIT grew by 21.0% 199 +* Opex as a percent of revenue improved by 2.2pp, driven by operating leverage, cost savings higher than plan; 30 bps benefit from Cyprus property sale 200 +* Marketing expenditure +63%, full year spend almost back to pre-pandemic levels 200 200 201 -Opex as a percent of revenue improved by 2.2pp, driven by operating leverage, cost savings higher than plan; 30 bps benefit from Cyprus property sale 202 - 203 -Marketing expenditure +63%, full year spend almost back to pre-pandemic levels 204 - 205 - 206 206 Strong earnings growth, record high free cash flow and increased dividend pay-out target range 207 207 208 -Comparable EPS up 33.7% to €1.58 on lower tax rate; free cash flow increased by €104.3 million to €601.3 million 204 +* Comparable EPS up 33.7% to €1.58 on lower tax rate; free cash flow increased by €104.3 million to €601.3 million 205 +* Increased dividend pay-out ratio target to 40-50%, previously 35-45% 206 +* Board of Directors to propose ordinary dividend of €0.71 per share, up +10.9% year-on-year 209 209 210 -Increased dividend pay-out ratio target to 40-50%, previously 35-45% 208 +(% style="width:899px" %) 209 +|(% style="width:485px" %) |(% style="width:146px" %)**Full-Year**|(% style="width:136px" %) |(% style="width:129px" %)**%** 210 +|(% style="width:485px" %) |(% style="width:146px" %)**20211**|(% style="width:136px" %)**2020**|(% style="width:129px" %)**Change** 211 +|(% style="width:485px" %)Volume (m unit cases)|(% style="width:146px" %)2,412.70|(% style="width:136px" %)2,135.60|(% style="width:129px" %)13.00% 212 +|(% style="width:485px" %)Net sales revenue (€ m)|(% style="width:146px" %)7,168.40|(% style="width:136px" %)6,131.80|(% style="width:129px" %)16.90% 213 +|(% style="width:485px" %)Net sales revenue per unit case (€)|(% style="width:146px" %)2.97|(% style="width:136px" %)2.87|(% style="width:129px" %)3.50% 214 +|(% style="width:485px" %)FX-neutral net sales revenue (€)|(% style="width:146px" %)7,168.40|(% style="width:136px" %)5,994.90|(% style="width:129px" %)19.60% 215 +|(% style="width:485px" %)FX-neutral net sales revenue per unit case3 (€)|(% style="width:146px" %)2.97|(% style="width:136px" %)2.81|(% style="width:129px" %)5.80% 216 +|(% style="width:485px" %)Operating expenses/ Net sales revenue ~(%)|(% style="width:146px" %)25.6|(% style="width:136px" %)27.4|(% style="width:129px" %) -190bps 217 +|(% style="width:485px" %)Comparable operating expenses / Net sales revenue ~(%)|(% style="width:146px" %)25.1|(% style="width:136px" %)27.3|(% style="width:129px" %)-220bps 218 +|(% style="width:485px" %)Operating profit (EBIT) (€ m)|(% style="width:146px" %)799.3|(% style="width:136px" %)660.7|(% style="width:129px" %)21.00% 219 +|(% style="width:485px" %)Comparable EBIT (€ m)|(% style="width:146px" %)831|(% style="width:136px" %)672.3|(% style="width:129px" %)23.60% 220 +|(% style="width:485px" %)EBIT margin ~(%)|(% style="width:146px" %)11.2|(% style="width:136px" %)10.8|(% style="width:129px" %)40bps 221 +|(% style="width:485px" %)Comparable EBIT margin ~(%)|(% style="width:146px" %)11.6|(% style="width:136px" %)11|(% style="width:129px" %)60bps 222 +|(% style="width:485px" %)Net profit5 (€ m)|(% style="width:146px" %)547.2|(% style="width:136px" %)414.9|(% style="width:129px" %)31.90% 223 +|(% style="width:485px" %)Comparable net profit (€ m)|(% style="width:146px" %)578.1|(% style="width:136px" %)431.4|(% style="width:129px" %)34.00% 224 +|(% style="width:485px" %)Basic earnings per share (EPS) (€)|(% style="width:146px" %)1.499|(% style="width:136px" %)1.14|(% style="width:129px" %)31.50% 225 +|(% style="width:485px" %)Comparable EPS (€)|(% style="width:146px" %)1.584|(% style="width:136px" %)1.185|(% style="width:129px" %)33.70% 226 +|(% style="width:485px" %)Free cash flow3 (€ m)|(% style="width:146px" %)601.3|(% style="width:136px" %)497|(% style="width:129px" %)21.00% 211 211 212 - BoardofDirectors to proposeordinary dividend of €0.71 pershare,up +10.9% year-on-year228 += References = 213 213 214 - 215 -References 216 - 217 217 {{putFootnotes/}}