Luckin Coffee Inc. (OTCPK:LKNCY) Q4 2022 Earnings Conference Call March 2, 2023 8:00 AM ET Company Participants Alicia Guo - IR Jinyi Guo - Chairman & CEO Jing An - CFO Conference Call Participants Operator Ladies and gentlemen, welcome to Luckin Coffee's Fourth Quarter and Full Year 2022 Earnings Conference Call. All participants will be in listen-only mode, during management prepared remarks and there will be a question-and-answer session to follow. Today's conference is being recorded. At this time, I wo ...

Continues to Advance ESG Initiatives and Sustainable Development Goals BEIJING, March 2, 2023 (GLOBE NEWSWIRE) — Luckin Coffee Inc. ("Luckin Coffee" or the "Company") (OTC: LKNCY) today announced its unaudited financial results for the three months ended December 31, 2022 and fiscal year 2022. Exhibit 99.1 Luckin Coffee Inc. Announces Fourth Quarter and Full Year 2022 Financial Results More than 2,100 Net New Store Openings in Fiscal Year 2022; Ended 2022 with More than 8,200 Stores in China Fiscal Year 202 ...

Financial Data and Key Metrics Changes - Total net revenue for Q3 2022 was RMB3.9 billion, representing a year-over-year increase of 65.7% [11][23] - Operating profit margin reached 15%, marking the first time achieving double-digit margins in company history [11][24] - Self-operated stores profit margin was 29.2%, with same-store sales growth (SSSG) of 19.4% [11][28] - Average monthly transacting customers reached 25.1 million, a year-over-year increase of 71% [11][24] Business Line Data and Key Metrics Changes - Net revenue from self-operated stores grew over 50% year-over-year, with SSSG close to 20% [23] - Partnership revenue grew by more than 110% in Q3, now accounting for 23.1% of total net revenues [23][28] - The company opened 651 net new stores in Q3 2022, the strongest growth since 2020 [25][26] Market Data and Key Metrics Changes - As of the end of Q3 2022, the company had 7,846 stores across over 230 cities [36] - The company retained its leading position in the industry with significant store presence and expansion plans [15][36] Company Strategy and Development Direction - The company is committed to its long-term strategy focusing on coffee and enhancing customer insights while navigating fierce competition [10] - Plans to officially launch sustainable development strategies in the first half of 2023, emphasizing long-term value creation and social responsibility [12][41] - The company aims to deepen strategic cooperation with leading coffee bean traders to enhance supply chain efficiency [16] Management's Comments on Operating Environment and Future Outlook - Management noted the ongoing impact of COVID-19 restrictions, with an average of 330 daily store closures in September and October 2022 [22] - The company is not providing forward-looking guidance due to the uncertain operating environment but remains optimistic about its financial performance [22] - Management expressed confidence in the growth potential of China's coffee market and the company's ability to expand its footprint [10][39] Other Important Information - The company has established a sustainable development governance structure and released a corporate governance report detailing its transformation over the past two years [12][42] - The company reported a positive operating cash flow of RMB470 million in Q3 2022, with a strong cash position of close to RMB4 billion [30][31] Q&A Session Summary Question: Store expansion expectations and future plans - Management confirmed that the store expansion is in line with expectations, with plans to continue expanding in both higher and lower-tier cities [36][39] Question: Focus on sustainability development strategy - The company initiated its sustainability strategy to align business growth with social responsibility, emphasizing corporate governance as a foundation for sustainable practices [40][42] Question: Drivers of SSSG growth and sustainability - Key drivers include new product launches and strong performance of existing products, with ongoing efforts to optimize store efficiency and customer engagement [43][44] Question: Average monthly transaction customers and retention strategies - The increase in monthly transaction customers is attributed to new store openings and successful product launches, with ongoing marketing initiatives to attract and retain customers [47][48] Question: Update on restructuring and capital market strategy - The company has made substantial progress in resolving historical legal issues and opted for early debt redemption to optimize its capital structure and enhance operational flexibility [50][54][56]

luckin coffee November 22, 2022 LKNCY 2022Q3 Earnings Presentation DISCLAIMER 2 This presentation contains certain financial measures that are not recognized under generally accepted accounting principles in the United States ("GAAP"), including non-GAAP operating income/(loss), non-GAAP net income/(loss), non-GAAP basic and diluted net income/(loss) per ADS. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information p ...

Luckin Coffee Inc. (OTCPK:LKNCY) Q2 2022 Earnings Conference Call August 8, 2022 8:00 AM ET Company Participants Bill Zima - ICR Jinyi Guo - Chairman and CEO Reinout Schakel - CFO Conference Call Participants Operator Ladies and gentlemen, welcome to Luckin Coffee Second Quarter 2022 Earnings Conference Call. [Operator Instructions] Today's conference is being recorded. At this time, I would like to turn the call over to Mr. Bill Zima at ICR for opening remarks and introductions. Please go ahead, sir. Bill ...

Business Performance - Total net revenue reached RMB 3,299 million, a 72.4% year-over-year increase[20] - Average monthly transacting customers increased by 68.6% year-over-year to 20.7 million[20] - Self-operated stores saw same-store sales growth of 41.2%[20] - Store-level operating profit for self-operated stores was RMB 712 million, with a profit margin of 30.6%[20,22] - The company opened 615 net new stores in Q2 2022, bringing the total store count to 7,195[21,55] Financial Highlights - GAAP Operating income reached RMB 242 million[20] - Store-level profit margin improved to 30.6%[22,61] - The company achieved an operating profit margin of 7.3% in Q2[22,61] - Cash and cash equivalents amounted to RMB 4,474 million[68] - Free cash flow reached RMB 625 million, a 136.8% year-over-year increase[73] Store Expansion - Self-operated stores totaled 4,968 across 59 cities[42] - Partnership stores numbered 2,227 across 231 cities[42]

Financial Performance - Total net revenues for the second quarter were RMB3,298.7 million (US$493.2 million), a 72.4% increase from RMB1,913.7 million in the same quarter of 2021[3] - Revenues from self-operated stores were RMB2,331.1 million (US$348.6 million), a 52.4% increase from RMB1,529.3 million in the same quarter of 2021[3] - Revenues from partnership stores reached RMB777.5 million (US$116.3 million), a 178.4% increase from RMB279.3 million in the same quarter of 2021, representing 23.6% of total net revenues[12] - Revenues from product sales increased to RMB2,521.2 million in Q2 2022, up 54.3% from RMB1,634.5 million in Q2 2021[42] - Operating income for Q2 2022 was RMB241.6 million, compared to an operating loss of RMB47.5 million in Q2 2021[42] - Net loss for Q2 2022 was RMB114.7 million (US$17.2 million), compared to a net income of RMB21.0 million in Q2 2021[16] - Non-GAAP net income for Q2 2022 was RMB267.5 million (US$40.0 million), representing a non-GAAP net income margin of 8.1%, up from 4.8% in Q2 2021[16] - The company reported a comprehensive loss of RMB163.8 million for Q2 2022, compared to a comprehensive loss of RMB13.6 million in Q2 2021[42] Customer Metrics - Average monthly transacting customers increased to 20.7 million, up 68.6% from 12.3 million in the same quarter of 2021[3] - Average monthly transacting customers reached 20,712 thousand in Q2 2022, compared to 16,229 thousand in Q4 2021[21] - Same-store sales growth for self-operated stores was 41.2%, compared to 71.8% in the same quarter of 2021[3] - Same-store sales growth for self-operated stores was 41.2% in Q2 2022, down from 43.6% in Q4 2021[21] Store Expansion - The company opened 615 net new stores, resulting in a total of 7,195 stores by the end of the second quarter, including 4,968 self-operated and 2,227 partnership stores[3] - Total stores increased to 7,195 as of June 30, 2022, from 6,024 at the end of 2021, with self-operated stores at 4,968 and partnership stores at 2,227[21] - The company plans to continue expanding its store network and improving its product offerings to strengthen its market position[36] Cash Flow and Assets - Net cash used in operating activities was RMB553.1 million (US$82.7 million) in Q2 2022, but net cash provided by operating activities excluding litigation payments was RMB619.1 million (US$92.6 million), up from RMB362.7 million in Q2 2021[18] - Cash and cash equivalents as of June 30, 2022, were RMB4,473.7 million (US$668.9 million), down from RMB6,555.3 million as of December 31, 2021[19] - Total current assets increased to RMB8,383.4 million as of June 30, 2022, compared to RMB6,605.4 million as of December 31, 2021[39] - Total liabilities rose to RMB7,166.7 million as of June 30, 2022, compared to RMB4,659.2 million as of December 31, 2021[39] Operational Efficiency - GAAP operating income was RMB241.6 million (US$36.1 million), with a GAAP operating income margin of 7.3%, compared to a loss of RMB47.5 million in the same quarter of 2021[15] - The total operating loss for the first half of 2022 was reduced to RMB257,685 thousand from a loss of RMB411,545 thousand in the first half of 2021, indicating improved operational efficiency[46] Product Development - The company launched 34 new products during the second quarter and sold over 24 million cups of the "Coconut Cloud Latte" since its launch in April 2022[4] ESG Initiatives - A Sustainable Development Committee was established to enhance the company's ESG initiatives, with plans to publish its first Corporate Governance Report in Q4 2022[6] Legal and Other Challenges - The company anticipates continued negative impacts from pandemic-related market pressures, although the situation has improved compared to earlier in 2022[9] - The provision for equity litigants was RMB276,795 thousand in Q2 2022, a significant increase from zero in Q2 2021, indicating new legal challenges faced by the company[46]

Luckin Coffee Inc. ADR (OTCPK:LKNCY) Q1 2022 Earnings Conference Call May 24, 2022 8:00 AM ET Company Participants Bill Zima - ICR Dr. Jinyi Guo - Chairman and CEO Reinout Hendrik Schakel - CFO and Chief Strategy Officer Shan Jiang - Senior Vice President Conference Call Participants Operator Ladies and gentleman, welcome to Luckin Coffee's First Quarter 2022 Earnings Conference Call. All participants will be in a listen-only mode during management's prepared remarks. Today's conference is being recorded. A ...

and May 24, 2022 T BH 11 skin cof luckin coffee LKNCY 2022Q1 Earnings Highlights DISCLAIMER This presentation contains certain financial measures that are not recognized under generally accepted accounting principles in the United States ("GAAP"), including non-GAAP operating income/loss, non-GAAP net income/loss, non-GAAP basic and diluted net income/loss per ADS. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial informa ...

Table of Contents | UNITED STATES | | | | --- | --- | --- | | SECURITIES AND EXCHANGE COMMISSION | | | | Washington, D.C. 20549 | | | | FORM 20-F | | | | (Mark One) | | | | REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 | | ☐ | | OR | | | | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | | ☒ | | For the fiscal year ended December 31, 2021 | | | | OR | | | | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITI ...