Coca-Cola HBC AG (OTCPK:CCHBF) Q3 2023 Earnings Conference Call October 31, 2023 4:30 AM ET Company Participants Zoran Bogdanovic - Chief Executive Officer Ben Almanzar - Chief Financial Officer John Dawson - Head of Investor Relations Conference Call Participants Edward Mundy - Jefferies Simon Hales - Citi Matthew Ford - BNP Paribas Exane Alicia Forry - Investec John Dawson Good morning everyone. I’m here with our CEO, Zoran Bogdanovic and our CFO, Ben Almanzar. We’ll start with some opening remarks fr ...

Summary of Coca-Cola HBC AG 2023 First Half Year Results Earnings Conference Call Company Overview - **Company**: Coca-Cola HBC AG (OTCPK:CCHBF) - **Date of Call**: August 9, 2023 Key Highlights Financial Performance - **Organic Revenue Growth**: 17.8% in the first half of 2023, driven by strong volume performances and price/mix improvements [8] - **Comparable EBIT**: €561 million, up nearly 18% on an organic basis, resulting in a margin of 11.2% [8] - **Earnings Per Share (EPS)**: Increased by 22.3% [8] - **Volume Performance**: Marginal decline of 1% on an organic basis, with strategic priorities performing best [27] Category Performance - **Sparkling Beverages**: Main growth engine, representing around 70% of group revenues; volumes grew by 1.6% overall [9] - **Energy Drinks**: Volumes grew by over 20%, particularly in Emerging markets [10] - **Coffee**: Volume growth of 22%, with expansion in out-of-home customer recruitment [11] - **Water**: Volumes down 14% due to a focus on more profitable revenue growth [11] Strategic Initiatives - **Sustainability Investments**: Continued focus on sustainability, including a new returnable glass line in Austria and a commitment to a $15 million venture capital fund for carbon footprint reduction [7][14] - **Acquisition of Finlandia Vodka**: Expected to enhance offerings in key markets, particularly in the HORECA sector [22][23] Market Conditions - **Mixed Economic Environment**: Challenges in markets with high inflation (Czech Republic, Hungary, Romania) affecting consumer behavior [17] - **Resilience in Key Markets**: Positive performance noted in Greece, Ireland, Serbia, and Bulgaria, with cautious optimism for Nigeria following recent improvements [52][57] Future Outlook - **Guidance for 2023**: Mid-teens organic revenue growth expected for the full year, with EBIT growth of 9% to 12% [41] - **COGS Expectations**: Anticipated high single-digit increase in COGS per unit case for 2023, with a focus on managing inflationary pressures [41][72] - **Long-term Growth Strategy**: Updated mid-term guidance of organic revenue growth of 6% to 7% on average per year from 2024 [25] Additional Insights - **Revenue Growth Management**: Emphasis on data-driven insights to optimize pricing and promotional strategies, enhancing profitability [20][70] - **Operational Efficiency**: Strong operating leverage and effective hedging strategies contributed to improved margins despite inflationary pressures [29] - **Market Adaptability**: Local management teams demonstrated flexibility in navigating economic challenges, particularly in Nigeria [15][57] Conclusion Coca-Cola HBC AG reported a strong performance in the first half of 2023, with significant organic revenue and EBIT growth. The company remains focused on strategic priorities, sustainability, and adapting to market conditions, positioning itself for continued growth in the future.

Coca-Cola HBC R 9 AUGUST 2023 Coca-Cola HBC H 2025 HIGHLIGHT ZORAN BOGDANOVIC CHIEF EXECUTIVE OFFICER 01 H1 2023 HIGHLIGHTS 1. Revenue growth management | --- | --- | --- | --- | |---------------------------------------------------------------------------------------------------|-------|-------|-------| | | | | | | Delivering today Investing for tomorrow | | | | | Focused execution, led by RGM1 capabilities, delivered strong organic revenue and EBIT growth | | | | | Robust volume and market share performanc ...

Coca-Cola HBC AG (OTCPK:CCHBF) Q4 2022 Results Conference Call February 14, 2023 4:00 AM ET Company Participants Joanna Kennedy - IR Zoran Bogdanovic - CEO Ben Almanzar - CFO Conference Call Participants Edward Mundy - Jefferies Simon Hales - Citi Mitch Collett - Deutsche Bank Andrea Pistacchi - Bank of America Sanjeet Aujla - Credit Suisse Yubo Mao - Morgan Stanley Charlie Higgs - Redburn Richard Felton - Goldman Sachs Joanna Kennedy Good morning. Thank you for joining the call. Zoran and Ben will present ...

IAI Coca-Cola Half Year Results 11 August 2022 Forward-looking statement Unless otherwise indicated, the condensed consolidated interim financial statements and the financial and operating data or other information included herein relate to Coca-Cola HBC AG and its subsidiaries ("Coca-Cola HBC" or the "Company" or "we" or the "Group"). This document contains forward looking statements that involve risks and uncertainties. These statements may generally, but not always, be identified by the use of words such ...

Coca-Cola HBC AG (OTCPK:CCHBF) Q2 2022 Earnings Conference Call August 11, 2022 4:00 AM ET Company Participants | --- | |--------------------------------------------| | | | Joanna Kennedy - Head, Investor Relations | | Zoran Bogdanovic - Chief Executive Officer | | Ben Almanzar - Chief Financial Officer | | Conference Call Participants | | Simon Hales - Citi | | Sanjeet Aujla - Credit Suisse | | Mitch Collett - Deutsche Bank | | Richard Felton - Goldman Sachs | | Edward Mundy - Jefferies | | Alicia Forry - ...

Company Participants Joanna Kennedy - Investor Relations Director Zoran Bogdanovic - Chief Executive Officer Ben Almanzar - Group Chief Financial Officer Conference Call Participants Sanjeet Aujla - Credit Suisse Simon Hales - Citigroup Mitch Collett - Deutsche Bank Yubo Mao - Morgan Stanley Edward Mundy - Jefferies Fintan Ryan - JPMorgan Charlie Higgs - Redburn Mandeep Sangha - Barclays Alexander Gnusarev - VTB Capital Alicia Forry - Investec Operator 00:02 Thank you for standing by ladies and gentlemen, a ...

| --- | --- | --- | |-------------------|-------|-------| | | | | | | | | | EXECUTION | | | | DRIVES MOMENTUM | | | | FULL YEAR RESULTS | | | | 22 FEBRUARY 2022 | | | | | | | | | | | FORWARD-LOOKING STATEMENT Unless otherwise indicated, the condensed consolidated interim financial statements and the financial and operating data or other information included herein relate to Coca-Cola HBC AG and its subsidiaries ("Coca-Cola HBC" or the "Company" or "we" or the "Group"). This document contains forward looking ...

Coca-Cola HBC AG (OTCPK:CCHBF) Q2 2021 Earnings Conference Call August 12, 2021 4:00 AM ET Company Participants Joanna Kennedy - Investor Relations Director Zoran Bogdanovic - Chief Executive Officer Ben Almanzar - Group Chief Financial Officer Conference Call Participants Sanjeet Aujla - Credit Suisse Alicia Forry - Investec Edward Mundy - Jefferies Simon Hales - Citigroup Fintan Ryan - J.P. Morgan Andrea Pistacchi - Bank of America Pinar Ergun - Morgan Stanley Charlie Higgs - Redburn Limited Mandeep Sangh ...

RESULTS PRESENTATION HALF YEAR RESULTS 12 AUGUST 2021 FORWARD-LOOKING STATEMENT Unless otherwise indicated, the condensed consolidated interim financial statements and the financial and operating data or other information included herein relate to Coca-Cola HBC AG and its subsidiaries ("Coca-Cola HBC" or the "Company" or "we" or the "Group"). This document contains forward looking statements that involve risks and uncertainties. These statements may generally, but not always, be identified by the use of wor ...