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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Coca-Cola Amatil Limited    CCL   AU000000CCL2

COCA-COLA AMATIL LIMITED

(CCL)
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Coca Cola Amatil : switch to solar continues - 5,200 solar panels online at Eastern Creek by early 2020

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12/19/2019 | 03:56am EDT

PO Box 1895

North Sydney NSW 2060, Australia ccamatil.com

News Release

19 December 2019

AMATIL'S SWITCH TO SOLAR -

5,200 SOLAR PANELS ONLINE AT EASTERN CREEK BY EARLY 2020

One of Australia's largest solar panel arrays - 5,200 panels covering 8,516 square metres - is nearing completion on the roof of the Coca-Cola Amatil Distribution Centre in Sydney's Eastern Creek.

Managing Director of Coca-Cola Amatil Australia, Mr Peter West said the panels would generate 2,400 MWh of electricity per annuum which is enough to power 400 homes or 63,000 LED street lights for one year. Completion is scheduled over summer with operation commencing in early 2020.

"We're committed to generating low-carbon and renewable energy equivalent to 60 per cent of our operations," Mr West said.

"We're currently at 56 per cent for this year, and power from these panels will get closer to this goal."

"Bottling is energy-intensive, and we rely on the power grid to reliably manufacture and supply Australia's most popular beverages. It's fair we contribute back to that grid through low-carbon and renewable sources like this solar panel array.

"Inputs from the array are also expected to cut Amatil's energy costs by hundreds of thousands of dollars at Eastern Creek and reduce our electricity usage from the local grid by 14 per cent.

"So this switch to solar is good news for sustainability and a good commercial outcome for the business."

Panel installation is overseen by renewable energy provider Verdia, and is on track for completion by the end of 2019. Verdia CEO Paul Peters said they were proud to be delivering the major Western Sydney project with Amatil.

"Western Sydney has numerous industrial business parks and a massive warehousing footprint which is largely untapped for onsite solar," Mr Peters said.

"Coca-Cola Amatil is taking a leading role in changing this situation, and we look forward to other businesses following their lead."

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PO Box 1895

North Sydney NSW 2060, Australia ccamatil.com

The solar panels are part of Amatil's commitment to achieving the Australian Renewable Energy

Target (RET). Renewable energy systems generate Large-scale Generation Certificates (LGCs) for Amatil, a proportion of which are retired to meet RET obligations.

Other renewable energy projects supported by Amatil include the pre-purchase of energy from

Victoria's Murra Warra Wind Farm, which completed Stage One installation earlier in 2019.

The numbers:

  • Installation of 5,203 solar panels covering 8,516 sq. m. and generating 2,400 MWh per annum.
  • The length of these panels would lap the Sydney Motorsport Park almost three times
  • Power generated from this solar system would power the following for one year - 400 homes, 63,125 LED street lights, 143,000+ phone chargers, or 24,500+ pedestal fans.
  • Installation due for completion in early 2020.

ABOUT COCA-COLA AMATIL

Coca-Cola Amatil is one of the largest manufacturers and distributors of ready-to-drinknon-alcohol and alcohol beverages and coffee in the Asia Pacific region. Coca-Cola Amatil is also the authorised manufacturer and distributor of The Coca-Cola Company's beverage brands in Australia, New Zealand, Fiji, Indonesia, Papua New Guinea and Samoa. Coca-Cola Amatil directly employs around 12,000 people and indirectly creates thousands more jobs across the supply chain, partnering with key suppliers to manufacture, package, sell and distribute its products. With access to around 270 million potential consumers through more than 950,000 active customers Coca-Cola Amatil is committed to leading through innovation and building a sustainable future and delivering long-term value to shareholders.

For more information, visit www.ccamatil.com or search for Coca-Cola Amatil on LinkedIn, Facebook or Twitter.

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Disclaimer

CCA - Coca-Cola Amatil Ltd. published this content on 19 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 December 2019 08:55:07 UTC

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Financials (AUD)
Sales 2020 5 185 M
EBIT 2020 638 M
Net income 2020 381 M
Debt 2020 1 449 M
Yield 2020 5,14%
P/E ratio 2020 17,4x
P/E ratio 2021 15,9x
EV / Sales2020 1,56x
EV / Sales2021 1,47x
Capitalization 6 632 M
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Mean consensus HOLD
Number of Analysts 13
Average target price 11,17  AUD
Last Close Price 9,16  AUD
Spread / Highest target 49,6%
Spread / Average Target 21,9%
Spread / Lowest Target -1,75%
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NameTitle
Alison Mary Watkins Group Managing Director & Executive Director
Ilana Rachel Atlas Chairman
Martyn Roberts Group Chief Financial Officer
Debbie Nova Chief Information Officer
Krishnakumar Thirumalai Non-Executive Director
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