Reasons to Believe IR OVERVIEW 2014

Similar documents
Fourth Quarter 2014 Earnings Call. February 10, 2015

BEVERAGES FOR LIFE James Quincey

Third Quarter 2015 Earnings Call. October 21, 2015

2015 CAGNY. Muhtar Kent, Chairman & CEO Kathy Waller, EVP & Chief Financial Officer FEBRUARY 20, 2015

STRENGTHENING OUR SYSTEM FOR ENDURING ADVANTAGE. Brian Smith President, Europe, Middle East & Africa

Bernstein Strategic Decisions Conference John Murphy President, Asia Pacific. September 26, 2018

James Quincey President and Chief Operating Officer CAGNY. Feb 23, Kathy Waller EVP and Chief Financial Officer

Forward-Looking Statements

FOR IMMEDIATE RELEASE CONTACT: Media: Ben Deutsch (404) Investors: Ann Taylor (404) THE COCA-COLA COMPANY REPORTS

Coca-Cola European Partners. December 16, 2015

FOR IMMEDIATE RELEASE CONTACT: Investors: Ann Taylor (404) THE COCA-COLA COMPANY REPORTS FOURTH QUARTER AND FULL YEAR 2006 RESULTS

The Coca-Cola Company to Acquire Costa

FORWARD-LOOKING STATEMENTS

THE COCA-COLA COMPANY REPORTS 2009 FOURTH QUARTER AND FULL YEAR RESULTS

Forward-Looking Statements

THE COCA-COLA COMPANY REPORTS 2010 THIRD QUARTER AND YEAR-TO-DATE RESULTS

PepsiCo. Presentation to Consumer Analyst Group of New York February 22, 2017

PepsiCo Reports First Quarter 2018 Results; Reaffirms 2018 Financial Targets

PepsiCo Reports First-Quarter 2019 Results; Reaffirms 2019 Financial Targets

JOHN F. BROCK / CHAIRMAN & CEO BILL DOUGLAS / EVP & CFO

PepsiCo Second Quarter 2014 Earnings Call July 23, 2014

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C FORM 8-K

PepsiCo Reports First Quarter 2016 Results and Reaffirms Full Year Outlook

McCormick & Company, Inc. 2nd Quarter 2017 Financial Results and Outlook June 29, 2017

dbaccess GLOBAL CONSUMER CONFERENCE 2018 Damian Gammell CEO, Nik Jhangiani CFO GLOBAL CONSUMER CONFERENCE 2018

John F. Brock CHAIRMAN & CEO. Nik Jhangiani SVP & CFO

JOHN F. BROCK CHAIRMAN & CEO NIK JHANGIANI SVP & CFO

McCormick & Company, Inc. 4th Quarter 2018 Financial Results and 2019 Outlook

Chairman & CEO SVP & CFO

Coca-Cola Enterprises and The Coca-Cola Company Strategically Advance and Strengthen their Partnership. February 25, 2010

IFF Q Earnings Conference Call

FINANCIAL OVERVIEW AL MISTYSYN SENIOR VICE PRESIDENT, FINANCE & CHIEF FINANCIAL OFFICER FINANCIAL COMMUNITY PRESENTATION OCTOBER 3, 2017

PepsiCo Third Quarter 2014 Earnings Call October 9, 2014

Unilever Investor Event 2018 Graeme Pitkethly 4 th December 2018

Company Overview 2008

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA TABLE OF CONTENTS

Bank of America Merrill Lynch 2018 Transportation Conference UPS CFO Richard Peretz

McCormick & Company, Inc. 3rd Quarter 2017 Financial Results and Outlook September 28, 2017

3Q18 Earnings Announcement

John F. Brock CHAIRMAN & CEO. Bill Douglas EVP & CFO

IFF Q Earnings Conference Call

McCormick & Company, Inc. 1 st Quarter 2018 Financial Results and Outlook

McCORMICK REPORTS DOUBLE DIGIT THIRD QUARTER SALES AND PROFIT GROWTH AND INCREASES 2018 EARNINGS PER SHARE OUTLOOK

Contact: Michael DeVeau VP, Corporate Strategy, Investor Relations & Communications

COCA-COLA EUROPEAN PARTNERS. S E P T E M B E R N i k J h a n g i a n i, C F O

Coca-Cola HBC at a glance

First Quarter 2016, Champion Europe and Knights Apparel FAQs

Built for Consistent, Durable Performance and Returns

Contact: Michael DeVeau VP, Corporate Strategy, Investor Relations & Communications

THE GLOBAL HOUSE OF PRESTIGE BEAUTY FABRIZIO FREDA NOVEMBER 13, 2018 PRESIDENT AND CHIEF EXECUTIVE OFFICER

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C FORM 8-K CURRENT REPORT

Credit Suisse 6 th Annual Industrials Conference November 2018

Investor Deck December 2018

McCormick & Company, Inc. 4 th Quarter 2015 Financial Results and Business Outlook January 28, 2016

McCormick & Company, Inc. 4th Quarter 2016 Financial Results and Outlook January 25, 2017

Eric Foss Chairman & CEO. Al Drewes SVP & CFO

ITEM 7. MANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

McCormick & Company, Inc. 2 nd Quarter 2018 Financial Results and Outlook

July 28, 2016 Conference Call Slide Presentation HARLEY-DAVIDSON, INC SECOND QUARTER UPDATE

Safe harbor statement

Raymond James & Associates 40 th Annual Institutional Investors Conference

2016 THIRD-QUARTER EARNINGS REVIEW October 25, 2016

Doros Constantinou Chief Executive Officer. 12th Annual Capital Link Forum 2 December 2010, New York

NET INCOME INCREASED 15% WITH EBITDA MARGIN GROWTH OF 70BPS IN 3Q13

This presentation contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, such as stat

2013 INVESTOR MEETINGS May 2013

Bank of America Merrill Lynch Global Industrials Conference 2018 March 2018

Q EARNINGS PRESENTATION NOVEMBER 1, 2018

FOR IMMEDIATE RELEASE Contacts: Media Relations Chris Barnes, (972) DR PEPPER SNAPPLE GROUP REPORTS THIRD QUARTER 2016 RESULTS

2016 INVESTOR MEETINGS FIRST QUARTER 2016 WHIRLPOOL CORPORATION

Q4 & FY 2018 Results. January 30, 2019

Earnings Release. Q Results October 20, 2017

Accelerating towards excellence. Investor relations June 2017

FOURTH QUARTER 2018 REVIEW FEBRUARY 7, 2019

Full-year results for the year ended 31 December Dimitris Lois CEO Michalis Imellos - CFO

FOR IMMEDIATE RELEASE Contacts: Media Relations Chris Barnes, (972) DR PEPPER SNAPPLE GROUP REPORTS FOURTH QUARTER AND FULL YEAR 2016 RESULTS

IFRS Results for the three months ended 2 April Results Presentation 29 April 2010

PepsiCo First Quarter 2012 Earnings Call April 26, 2012

GENERAL MILLS FISCAL 2019 FIRST-QUARTER EARNINGS SEPTEMBER 18, 2018

Forward Looking Statement

Forward Looking Statements

Praxair, Inc. Steve Angel Chairman, President and Chief Executive Officer. Credit Suisse Basic Materials Conference September 17, 2014

Bernstein Strategic Decision Conference

September Mike Poteshman. Executive VP & CFO

ITEM 1A. RISK FACTORS

Investment Community Conference Call

INVESTING FOR GROWTH February 9, 2012

Forward-Looking Statements

Fiscal 2018 Second Quarter

First Quarter 2015 Conference Call

November Rick Goings. Chairman & CEO

Contact: Michael DeVeau Head of Investor Relations and Communications & Divisional CFO, Scent

dbaccess Global Consumer Conference

Cautionary Statement Regarding Forward-Looking Statements

Lauren Sayeski European Media Relations + 44 (0) COCA-COLA ENTERPRISES, INC. REPORTS FOURTH-QUARTER AND FULL-YEAR 2013 RESULTS

FOR IMMEDIATE RELEASE Contacts: Media Relations Chris Barnes, (972) DR PEPPER SNAPPLE GROUP REPORTS FIRST QUARTER 2014 RESULTS

GENERAL MILLS FISCAL 2019 THIRD-QUARTER EARNINGS MARCH 20, 2019

ROTH Capital Partners 30 th Annual Conference. Monday, March 12, 2018

2018 Full Year Results. Classification: PUBLIC

November 2017 Mike Poteshman Executive VP & CFO

Transcription:

Reasons to Believe IR OVERVIEW 2014

2 Forward-Looking Statements This presentation may contain statements, estimates or projections that constitute forward-looking statements as defined under U.S. federal securities laws. Generally, the words believe, expect, intend, estimate, anticipate, project, will and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from The Coca-Cola Company s historical experience and our present expectations or projections. These risks include, but are not limited to, obesity and other health concerns; water scarcity and poor quality; changes in the nonalcoholic beverage business environment and retail landscape; increased competition; increased demand for food products and decreased agricultural productivity as a result of changing weather patterns; consolidation in the retail channel or the loss of key retail or foodservice customers; an inability to expand operations in developing and emerging markets; fluctuations in foreign currency exchange rates; interest rate increases; an inability to maintain good relationships with our bottling partners; a deterioration in our bottling partners' financial condition; increases in income tax rates, changes in income tax laws or unfavorable resolution of tax matters; increased or new indirect taxes in the United States or in other major markets; increased cost, disruption of supply or shortage of energy or fuels; increased cost, disruption of supply or shortage of ingredients, other raw materials or packaging materials; changes in laws and regulations relating to beverage containers and packaging; significant additional labeling or warning requirements or limitations on the availability of our products; an inability to protect our information systems against service interruption, misappropriation of data or breaches of security; unfavorable general economic conditions in the United States; unfavorable economic and political conditions in international markets; litigation or legal proceedings; adverse weather conditions; climate change; damage to our brand image and corporate reputation from product safety or quality, human and workplace rights, obesity or other issues, even if unwarranted; changes in, or failure to comply with, the laws and regulations applicable to our products or our business operations; changes in accounting standards; an inability to achieve our overall long-term goals; continuing uncertainty in the global credit markets; one or more of our counterparty financial institutions default on their obligations to us or fail; an inability to realize additional benefits targeted by our productivity and reinvestment program; an inability to renew collective bargaining agreements on satisfactory terms, or we or our bottling partners experience strikes, work stoppages or labor unrest; future impairment charges, including charges by equity method investees; multi-employer plan withdrawal liabilities in the future; an inability to successfully integrate and manage our Company-owned or -controlled bottling operations; global or regional catastrophic events; and other risks discussed in our Company s filings with the Securities and Exchange Commission (SEC), including our Annual Report on Form 10-K for the year ended December 31, 2013 and our subsequently filed Quarterly Reports on Form 10-Q, which filings are available from the SEC. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Coca-Cola Company undertakes no obligation to publicly update or revise any forward-looking statements. Reconciliation to US GAAP Financial Information The following presentation may include certain "non-gaap financial measures" as defined in Regulation G under the Securities Exchange Act of 1934. A schedule is posted on the Company's website at www.coca-colacompany.com (in the Investors" section) which reconciles our results as reported under General Accepted Accounting Principles and the non-gaap financial measures included in the following presentation.

3 We Are Uniquely Positioned to Capture the Growth Opportunity

Global Beverage Industry Growth is Fueled by Macro Trends Growth in Urban Population 2010-2020 in Personal Expenditure Per Capita* Increase Growth in Middle Class Billion Teens Today * Source: IHS Global Insights 4

We Live in a Thirsty World Projected Value Growth 2014-2017 CAGR NARTD 5.8% Beauty and Personal Care 5.2% Home Care 4.6% Packaged Foods 4.6% Since 2010, NARTD Retail Value has increased by $135B and is expected to grow more than $300B by 2020 Source: Euromonitor; NARTD excludes milk 5

Not a One Size Fits All Approach Developed Markets Driving Profitable Growth Through Innovation and Productivity Developing Markets Maximizing Value Through Segmentation Building Customer Loyalty NARTD Retail Value Growth >$300 Billion (2014-2020) Emerging Markets Maximizing Volume Investing for Accelerated Growth 6

We Have a Broad and Growing Portfolio of Brands 7 Schweppes is owned by the Company in certain countries other than the U.S.

We Have the World s Strongest System Brands in Countries Thousand Global System Employees Top 10 Private Employer Nearly Bottling Partners Billion Servings Every Day Million Outlets 8

We Have a Clear Roadmap for Winning with Our Bottling Partners 2020 vision transition slide 9

Our 2020 Vision Sets High Expectations Our Mission Our Vision Our Goals Our System Priorities Our Metrics Create value and make a difference Profit More than double system revenue while increasing system margins Maximize Company and bottler long-term cash flow Economic profit growth 10

We Invest Through a Value Lens to Drive Long-Term Profitable Growth Economic Profit Growth Target 10%+ CAGR Long-Term Growth Targets * 6-8% High Single Digits 5-6% 3-4% Volume Net Revenue OI EPS *Comparable Currency Neutral 11

2013 Volume Fell Short of Our Expectations 2010-2013 Volume 2010-2013 EPS * Target 5% 2% 2010-2012 2013 10% 8% 2010-2012 2013 FX Impact 0% -4% * Comparable Currency Neutral 12

We Continue to Refresh Our Shareowners Cash from Operations Nearly Billion Value Returned to Shareowners $3.5B $2.8B $3.1B $1.3B $4.1B $4.3B $4.6B $5.0B Years of Consecutive Annual Dividend Increases 2014 Net Share Repurchases $2.5-$3B 2013 2010 2011 2012 2013 Net Share Repurchases Dividends 13

Our Cash Priorities 1 2 CAPEX $2.5 to $3 Billion in 2014 Invest Behind Our Brands 52 Consecutive Years of Annual Dividend Increases 9% Increase in 2014 $5 Billion in 2013 SUSTAINABLE VALUE CREATION 4 Net Repurchases of $2.5 to $3 Billion in 2014 3 3 Accelerate Growth and Efficiency Through Acquisitions and Partnerships Across Our Supply Chain 14

Our Five Strategic Priorities TRANSITION PAGE 5 Strategic Priorities 15

Five Strategic System Priorities to Restore Momentum 1 Accelerate Sparkling Growth, Led by Coca-Cola 2 Strategically Expand Our Profitable Still Portfolio 3 Increase Brand Investments by Maximizing Productivity 4 Win at the Point of Sale by Unlocking the Power of the System 5 Invest in Our Next Generation of Leaders 16

The Future is Sparkling 1 Beverages * #1 Value Pool in NARTD Today #1 Value Growth in NARTD to 2020 More than $100B Retail Value Growth Today to 2020 +3% CAGR Since 2009 More than 1.1B Incremental Unit Cases Since 2009 +4% CAGR Since 2009 #1 Brand in Both China and India +3% CAGR Since 2009 More than 2 Billion Unit Cases Sold in 2013 * Source: Euromonitor and internal estimates 17

We Are Driving Innovation 1 For Today Coca-Cola Life in Argentina 84% Awareness 76% Incremental Volume Bringing People Back into the Category PlantBottle More than 20B Distributed in 28 Countries Freestyle Double-Digit Increase in Servings 4-5% Increase in Customer Visits For Tomorrow Natural Zero-Calorie Sweeteners Entry Level Packaging 192 ml / 6.5 oz 18

Strategically Expanding Our Profitable Still Portfolio 2 Growing Our Billion Dollar Still Brands Building Breadth Across New Categories Building Depth Within Our Portfolio 19

Our Juice and Juice Drinks Portfolio is Strong 2 20

We Are Further Expanding Our Global Marketing Network 3 21

Feet On The Street Immediate Consumption We Are Winning at the Point of Sale 4 Right Execution Daily $50B+ Global System Investments 2010-2013 RED Customer Partnerships 22 22

We Are Investing in Our Leaders 5 Building Bench Strength Enhancing Capabilities Promoting Women in Leadership of Global Leaders Are Women 23

24 Our Reach is Truly Global and Truly Local

A Truly Global Business North America 21% of Total Company Unit Cases 24% of Total Company Operating Income 0% FY 2013 Volume Growth Europe of Total Company Unit Cases of Total Company Operating Income -1% FY 2013 Volume Growth 14% 28% Latin America of Total 29% Company Unit Cases of Total Company 28% Operating Income +1% FY 2013 Volume Growth Eurasia & Africa 1 of Total Company 15% Unit Cases of Total Company 11% Operating Income +7% FY 2013 Volume Growth Asia Pacific of Total 21% Company Unit Cases 24% of Total Company Operating Income +3% FY 2013 Volume Growth Note: Total Company Operating Income on this page totals >100%, as it does not reflect Corporate expenses. 25

Europe: Future Growth Opportunities Despite Headwinds Europe s NARTD Industry Retail Value Growth Billion 2012 2020 Europe Group Top 3 Sparkling Brands Opportunity for Volume and Value Share Gains Largest NARTD Retail Value Pool 26

Asia Pacific: A Tale of Two Worlds Growing Together 2013 Volume Growth Rates India +4% China +3% Thailand +9% Vietnam +25% Indonesia +10% Developed GDP Per Capita Emerging GDP Per Capita ~$35K ~$6K 27

Eurasia & Africa: A Solid Foundation to Capture Growth NARTD Industry Volume Growth NARTD Industry Retail Value Growth 2012 2020 2012 2020 #1 Sparkling #1 Juice & Juice Drinks #2 Water #2 Tea #2 Sports Drinks 28

North America: Executing Our Consistent Strategy to Win in this Profitable Market Our Strategy Build Strong Brands Translate Brand Value into Customer Value Invest in Capabilities to Sustain & Repeat Our Market Expanding Population Favorable Demographics Vibrant NARTD Business 2013 Full Year Sparkling Still Sports Drinks Teas Juice/Juice Drinks Energy NARTD Volume Share Value Share 29

Latin America: We are Delivering Sustainable and Balanced Growth 4-Year Volume CAGR 2010-2013 4% 4% 4% 4% 6% Latin America Group Latin Center Mexico Brazil South Latin 30

Bottling Investments Group and CCR Continue to Evolve 31 Largest Global Bottler 19 Markets > 25% of System Volume ~115K Employees CCR: Coca-Cola Refreshments Company-Owned Bottlers Nidan Juice Company Management/Oversight Role Recent Bottling Divestitures

BIG is a Growth Accelerator for the System Provide Strategic Market Leadership to Drive Growth Act as Venture Capitalist to Move Quickly into a Market Resolve Ownership and Management Changes Structural or Philosophical Create Long-Term Sustainable Growth Act as a Model of Collaboration with Other Bottlers 32

We Build Sustainable Businesses We Manage the Business for the Long Term Key Metrics: OI, EBITDA, Economic Profit, Margin Improvement, Volume AND Value Share Committed to Refranchising Finding the Right Partner is Key Aligned, Long-Term Strategy for the Business Proven Management Team with Capabilities in Market Environment Financial Flexibility and Willingness to Invest in the Business Strong Culture / Engagement 33

Unwavering Belief in Our 2020 Vision

35 Our 2020 Vision Remains Clear