Investor
Relations
NDR 2022
FURTHER TOGETHER
Forward Looking Statements
This document contains statements, estimates or projections that constitute "forward-looking statements" concerning the financial condition, performance, results, strategy and objectives of Coca-Cola Europacific Partners plc and its subsidiaries (together "CCEP" or the "Group"). Generally, the words "ambition," "target," "aim," "believe," "expect," "intend," "estimate," "anticipate," "project," "plan," "seek," "may," "could," "would," "should," "might," "will," "forecast," "outlook," "guidance," "possible," "potential," "predict," "objective" and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward- looking statements are subject to certain risks that could cause actual results to differ materially from CCEP's historical experience and present expectations or projections, including with respect to the acquisition of Coca-Cola Amatil Limited and its subsidiaries (together "CCL" or "API") completed on 10 May 2021 (the "Acquisition"). As a result, undue reliance should not be placed on forward-looking statements, which speak only as of the date on which they are made. These risks include but are not limited to:
-
those set forth in the "Risk Factors" section of CCEP's 2020 Annual Report on Form 20-F filed with the SEC on 12 March 2021,as updated and supplemented with the additional information set forth in the
"Principal Risks and Risk Factors" section of the H1 2021 Half-year Report Filed with the SEC on 2 September 2021; - those set forth in the "Business and Sustainability Risks" section of CCL's 2020 Financial and Statutory Reports; and
- risks and uncertainties relating to the Acquisition, including the risk that the businesses will not be integrated successfully or such integration may be more difficult, time consuming or costly than expected, which could result in additional demands on CCEP's resources, systems, procedures and controls, disruption of its ongoing business and diversion of management's attention from other business concerns; the possibility that certain assumptions with respect to API or the Acquisition could prove to be inaccurate; burdensome conditions imposed in connection with any regulatory approvals; ability to raise financing; the potential that the Acquisition may involve unexpected liabilities for which there is no indemnity; the potential failure to retain key employees as a result of the Acquisition or during integration of the businesses and disruptions resulting from the Acquisition, making it more difficult to maintain business relationships; the potential for (i) negative reaction from financial markets, customers, regulators, employees and other stakeholders, (ii) litigation related to the Acquisition.
The full extent to which the COVID-19 pandemic will negatively affect CCEP and the results of its operations, financial condition and cash flows will depend on future developments that are highly uncertain and cannot be predicted, including the scope and duration of the pandemic and actions taken by governmental authorities and other third parties in response to the pandemic.
Due to these risks, CCEP's actual future results, dividend payments, capital and leverage ratios, growth, market share, tax rate, efficiency savings, the results of the integration of the businesses following the Acquisition, including expected efficiency and combination savings, and achievement of sustainability goals, may differ materially from the plans, goals, expectations and guidance set out in forward-looking statements (including those issued by CCL prior to the Acquisition). These risks may also adversely affect CCEP's share price. Additional risks that may impact CCEP's future financial condition and performance are identified in filings with the SEC which are available on the SEC's website at www.sec.gov. CCEP does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required under applicable rules, laws and regulations. Furthermore, CCEP assumes no responsibility for the accuracy and completeness of any forward-looking statements. Any or all of the forward-looking statements contained in this filing and in any other of CCEP's or CCL's public statements (whether prior or subsequent to the Acquisition) may prove to be incorrect.
Reconciliation & definition of pro forma financial information and alternative performance measures
The following presentation includes pro forma financial information and certain alternative performance measures, or non-GAAP performance measures. Refer to our Preliminary Unaudited Results for the Fourth- Quarter and Full-Year Ended 31 December 2021, issued on 16 February 2022, which details our non-GAAP performance measures and reconciles, where applicable, our 2021 and 2020 results as reported under IFRS to the pro forma financial information and non-GAAP performance measures included in this presentation. This presentation also includes certain forward looking non-GAAP financial information. We are not able to reconcile forward looking non-GAAP performance measures to reported GAAP measures without unreasonable efforts because it is not possible to predict with a reasonable degree of certainty the actual impact or exact timing of items that may impact comparability.
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Our history
1950s | May 2016 | Oct 2020 | Nov 2020 |
Spanish families start | Merger & Formation of CCEP | CCEP announced proposal to |
Coca-Cola bottling | acquire Coca-Cola Amatil |
Announced 2040 net zero ambition on entire value chain
May 2021
June 2013
Merger & Formation of CCIP
Dec 2016 | |
Oct 2010 | CDP 'A' list & |
DJSI inclusion | |
Exit of North American | |
Bottling Business & | |
addition of Norway & | |
Sweden |
Nov 2017
Launched sustainability action plan
Mar 2020
Launched LTIP incorporating
GHG reduction target
June 2019
CCEP merger synergies complete, delivered as guided (€330m)
Sept 2018
Announcement of €1.5bn share buyback
CCEP completed acquisition of CCA & company name change
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Europe: proven track record in integration
Revenue | Revenue 1 | Revenue per UC2 | ~80% | ||||||
from decline to growth | 3.0% | 3.0% | 3.5% | ||||||
2.5% | 2.0% | ||||||||
2.0% | Total Shareholder | ||||||||
1.0% | 0.5% | ||||||||
Return6 | |||||||||
-0.5%-0.5% | -1.0% | ||||||||
-1.5% | |||||||||
CCE | |||||||||
2014 | 2015 | Merger | 2016 | 2017 | 20183 | 20193 | |||
Customer value creator in FMCG #1 >€2bn4 ('16-21)
EPS5
CAGR +10.5%
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Solid growth
2016 | 2017 | 2018 | 2019 | ||
1. | Comparable & FX-neutral(non-GAAP measure) | 4. | NielsenIQ Strategic Planner Data to 02.Jan.22 Countries included are ES, DE, 6. As at 9 Feb 2022 since close on 30 May 2016 | ||
2. | FX-neutral(non-GAAP measure) | GB, FR, BE, NL SE, PT & NO | 7. Coca-Cola European Partners acquired Icelandic Bottler | ||
3. | 2018 & 2019 exclude incremental sugar & excise taxes | 5. | Diluted EPS is comparable (non-GAAP measure) | Vifilfell in August 2016 |
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>33k
Employees
Our people make, move & sell the world's best loved drinks in 29 markets across Western Europe & Asia Pacific
>600m
Consumers
(link to our key factspage)
The world's largest bottler by revenue
>1.7m | FY21: €14.8bn | FY21: €1.5bn |
FY19: €15.2bn | FY19: €1.35bn | |
Customers | ||
Revenue1 | Free cash flow2 | |
€ | € | |
>1.4m | FY21: €1.9bn | ~50% |
FY19: €2.0bn | Dividend | |
Coolers | Operating profit1 | payout ratio2,3 |
Further together
All measures are for the full-year ended 31 December 2021 unless otherwise stated
- Revenue and operating profit are pro forma figures, comparable
- Refer to "Reconciliation and Definition of Alternative Performance Measures" for further details and ourguidancepage
- Dividends subject to Board approval
- Europe only
- As at 31 December 2021
FY19 Channel Mix | Strong portfolio | Package Mix4 | ||
CCEP | Market | Leading market position | Unit Cases | Individual |
/Litres | Units | |||
Revenue | Value |
46% | 55% | Can | 28% | 47% | ~80 | |
Away | Away | Production sites5 | ||||
From | From | 57% | 31% | |||
Home | Home | PET | ||||
Glass | 6% | 10% | ||||
54% | ||||||
45% | ||||||
Home | Home | |||||
PMX | 9% | 12% | ~310 | |||
& other | ||||||
Manufacturing lines5 | ||||||
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Disclaimer
Coca-Cola Europacific Partners plc published this content on 09 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 March 2022 15:01:11 UTC.