“Uniquely Positioned for Continued Success”
Athens Exchange Greek Roadshow30 June – 1 July 2008
NikNik JhangianiJhangiani ,,Chief Financial OfficerChief Financial Officer
George George ToulantasToulantasInvestor Relations ManagerInvestor Relations Manager
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Disclaimer
The information contained herein includes forward-looking statements which are based on current expectations and assumptions about future events. You should not place undue reliance on these forward looking statements. These forward-looking statements are subject to risks, uncertainties and assumptions about Coca-Cola Hellenic including, among other things, its future financial position and results, the effects of recent acquisitions to its business and financial condition, future dealings with TCCC, budgets, projected levels of consumption and production, projected raw materials and other costs, future taxation, estimates of capital expenditure and plans and objectives of management for future operations. These and other risks are described in Coca-Cola Hellenic’s Annual Report on Form 20-F filled with the US Securities and Exchange Commission. As a result, our actual results could differ materially from those anticipated in the forward looking statements. No one undertakes to publicly update or revise any forward-looking statement unless required by law. Unless otherwise specified, all financial information presented herein is based on Coca-Cola Hellenic’s IFRS financial statements.
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Agenda
• Coca-Cola Hellenic at a glance
• Further growth opportunities for Hellenic
• Leadership in sustainable development
• Appendix: Latest financials
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• 2007 sales $20.9 BN• Mk cap $8.9 BN• Enterprise value $18.5 BN• 2007 volume approx 3.8 bn uc
Coca-Cola Hellenic
• 2007 sales $9.5 BN• Mk cap $11.9 BN• Enterprise value $13.8 BN• 2007 volume 2.0 bn uc
Coca-Cola Femsa
• 2007 sales $6.4 BN• Mk cap $10.1 BN• Enterprise value $11.3 BN• 2007 volume 2.1 bn uc
Coca-Cola Amatil
• 2007 sales $4.1 BN• Mk cap $4.8 BN• Enterprise value $6.1 BN• 2007 volume 0.5 bn uc
Note: Bottlers may not serve 100% of the country area shown on map,Market cap & EV data as of 20 June 2008
Coca-Cola Enterprises
Coca-Cola Hellenic is the largest Coke bottler in Europe
• We are the 2nd largest bottler in revenue terms and the 3rd largest bottler in volume terms in the world
• We operate in 28 countries, 16 of which are part of the EU
• We address the needs of over 550 million consumers
• We operate 79 plants • We serve 1.4 million customers
Source: Bloomberg, Company information
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million u.c. CAGR=9%
2001
2002
2003
2004
2005
2006
2007
1,185
1,268
1,359
1,413
1,578
1,788
2,019
Volume
2001
2002
2003
2004
2005
2006
2007
579
665
726
813
905
496
CAGR=14%
1,067
EBITDA
€ millionCAGR=20%
2001
2002
2003
2004
2005
2006
2007
231
304
386
435
501
576
703
%
2001
2002
2003
2004
2005
2006
2007
5.2
12.2
7.1
8.5
9.4
10.4
3.9
EBIT Return on Invested Capital
Note: Financial indicators (EBIT, Net profit) include the results of the acquired entities and exclude the recognition of pre-acquisition tax losses, restructuring costs, exceptional items and, up to 2004, the amortisation of indefinitely-lived intangible assets.
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Agenda
• Coca-Cola Hellenic at a glance
• Further growth opportunities for Hellenic
• Leadership in sustainable development
• Appendix: Latest financials
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Coca-Cola Hellenic’s unique platform for growth
Balanced portfolio of countries
Unrivalled marketplace
execution
Disciplined cost
management
Diverse product
range
Coca-Cola Hellenic growth enablers:• Marketplace execution rooted in the 4 A’s
• ‘Excellence Across the Board’ initiative•SAP implementation to further build front-end capab ilities
Creating economic value for our shareowners
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Broad geographic footprint with exposure to higher growth markets
EstablishedDeveloping
Emerging
Armenia, Belarus, Bosnia & Herzegovina,
Bulgaria, FYROM, Moldova, Montenegro
Nigeria, Romania, Russia, Serbia and
Ukraine
Croatia, Czech Republic, Estonia,
Hungary, Latvia, Lithuania, Poland,
Slovakia and Slovenia
Established markets
Developing markets
Emerging markets
Austria, Cyprus, Greece, Italy, Northern
Ireland, Republic of Ireland and Switzerland
Net sales revenue18% 41%41%
Total = €6.462 MM
EBIT16% 42%42%
Total = €703 MM
19% 47%34%Volume Total = 2,019 MM u.c.
2007 Market Split
58%
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2007 volume by country
Russia, 17%
Italy, 13%
Romania, 9%
Greece, 8%Poland, 8%
Nigeria, 7%
Ukraine, 5%
Hungary, 4%
Other Established,
13%
Other Developing,
7%
Other Emerging,
9%
Broad geographic spread reduces dependency on one particular market
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Offering a diverse product range for our consumers
Note 1:•Includes 100% of Multon and Fresh & Co volume•Light/ diet CSDs include Diet/ Light Coca-Cola, Coke Zero, Sprite Zero, Fanta Free
Sparkling beverages
63%
Tea 4%Juice 11%
Water 21%
Combined, Water and Still beverages represented 37% of total volume sold in 2007 compared with only 10% in 2001
2001
Sparkling beverages
90%
Water 6%Still
beverages 4%
2007
2,019m u.c1,185m u.c
Other Still 1%
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Established
Developing
Emerging
242
264
111
36%
54%
37%
Hellenic Pepsi Other
Source: Canadean (Dec-06), Coca-Cola HellenicNote: Market shares weighted by population
W. Europe ca. 307U.S. ca. 742
Innovation and per capita trends driving growth in sparkling beverages
Sparkling beverage servings Sparkling beverage servings Sparkling beverage servings Sparkling beverage servings per capitaper capitaper capitaper capita
+8%
+8%
+21%
Coca-Cola Trademark
Light Sparkling beverages
Sparkling beverages
Growth in 2007 (%)
• Unparalleled growth potential in our markets as eco nomies strengthen
• Light sparkling beverages account for 10% of total sparkling volume
• Coke Zero has now been launched in 19 of our 28 mar kets and is expected to support growth of light sparkling beverages and the Coke trademark
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Rapidly expanding into higher value categories
Juices and smoothies Water
Sport & Energy DrinksReady-to-drink Tea & Coffee
illy premium RTD coffee Nestea Vitao rangePowerAde Fit
Burn Aluminium bottle
Functional juices and smoothies
Avra
Herbal water
ValserViva flavours
Deep RiverRock
water flavours
Lilia Emotion
PowerAde
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Excellence in marketplace execution
Unbeaten at the 4 A’s
Customer-centric Capabilities
Route-to-Market
Leveraging distribution scale
Amita MotionEnergy bars
Tsakiris chips
Beer distribution
Spirits distribution
Selective Vending Channel expansion
Availability
Affordability
Acceptability
Activation
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5.06.9
Focus on growing the higher margin immediate consumption channel
Total number of cooler doorsmillions
2003 2004 2005 2006 2007
Cooler doors per 1,000 people
Coca-Cola Hellenic avg. 3.9
Emerging Developing Established
Excluding Nigeria
Increased cooler penetration 2007 Package volume mix
0.9 1.1 1.3 1.4 1.6
2.8
Expansion of higher revenue categories
Revenue per case index
Sparkling(excl. Energy)
Water Juice RTDTea
SportDrinks
100 50130 130 190
EnergyDrinks
500
Immediate Consumption
40%
Future Consumption
60%
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Disciplined approach to driving cost efficiencies
� Infrastructure rationalisation
�EU accession opportunities
�Regional production assets
� Investment in aseptic technology/ PET capacity
�Redeployment of assets
�Cross Enterprise Procurement Group
�Ultra-light glass bottles
�PET weight optimisation
�PET recycling
�Multi-lingual labels
�Centralised costs/ support functions
� Improved responsiveness from SAP implementation
Reducedcost base
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Agenda
• Coca-Cola Hellenic at a glance
• Further growth opportunities for Hellenic
• Leadership in sustainable development
• Appendix: Latest financials
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Strong focus on creating economic value for our shareowners
-325
-110
17 60140
-264
-35
3.9%
5.2%
7.1%
8.5%
9.4%
10.4%
12.2%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
2001 2002 2003 2004 2005 2006 2007
RO
IC (
%)
-400
-300
-200
-100
0
100
200
Eco
nom
ic P
rofit
(E
UR
MM
)
Economic Profit (RHS)
ROIC (LHS)
• Further potential to increase returns through:
• Investment focused on higher revenue generating activities e.g. new production capacity/ coolers
• Realise further operational cost savings e.g. product cost efficiencies, centralised functions, regional production capacity
• Infrastructure optimisation/ rationalisation
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CommunityMarketplace Workplace Environment
• Responsible sales & marketing
• GDA label roll-out
• New plant openings in Crete & Nigeria
• Aquavision plant acquisition
• Serbia Employer of Year award
• OHSAS implementation
• Recognised as “Notable Reporter” by UN Global Compact
• Agreement signed for 15 Combined Heat & Power plants
• PET2PET recycling plant in Austria
• Signed Bali Communique on Climate Change
• Emergency aid in Greece & Romania
• Danube day• Living Volga
partnership with UNESCO
• Kropla Beskidu partnership fund in Poland
While also growing responsibly to support a sustainable business
Further details on our sustainability goals and ini tiatives can be found at www.coca-colahellenic.com
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Pioneering energy- efficient technology to reduce Hellenic’s carbon footprint
Combined Heat & Power Plants
Dunaharaszti Plant, Hungary
• 43% reduction of CO2 omissions
• Energy cost savings of €400,000 p.a.
• 15 energy-efficient power plants across 12 countries of operation
• Plants will be operational by end 2009
• 85%-95% energy efficiency compared with 30%-60% using conventional forms of energy
• Each plant expected to lead to 40% reduction in CO 2 emissions of bottling facility
• Expected energy cost savings
Initiative is expected to reduce Hellenic’s overall CO2 emissions by more than 20%
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Hellenic’s proven business model supports attractive long-term growth prospects
Long-Term Growth Guidance
5%-6%
11%-13%
Low to mid teens
Volume
EBIT
EPS
• ROIC improvement of approximately 75 basis points per annum
- Broad geographic spread
- good exposure to high growth markets
- Diverse and growing brand portfolio
- Unrivalled marketplace execution
- Investing capital for growth (SAP, coolers, capacity)
- Leadership in sustainable development
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Agenda
• Coca-Cola Hellenic at a glance
• Further growth opportunities for Hellenic
• Growing sustainably
• Latest financials
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Q1 2008 P&L Highlights
EURO (million) Q1 2008 Q1 20072008 vs
2007
Volume (million u.c.) 428.8 402.3 +7%
Net Sales Revenue 1,372.7 1,255.4 +9%
Gross Profit 542.2 486.9 +11%
Operating Expenses 475.7 426.7 +11%
Operating Profit (EBIT) 66.5 60.2 +10%
Net Profit 28.1 25.4 +11%
EBITDA 155.6 144.5 +8%
Gross Profit Margin 39.5% 38.8%EBIT Margin 4.8% 4.8%
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Q1 2008 Gross Profit
EURO (million) Q1 2008 Q1 20072008 vs
2007
Net Sales Revenue 1,372.7 1,255.4 +9%
Cost of Sales (830.5) (768.5) +8%
Gross Profit 542.2 486.9 +11%
• Net sales revenue per unit case was up by 8 cents, 3% vs Q1 2007
• Cost of sales per unit increased by 3 cents, 1% vs Q1 2007
• Gross profit per unit case increased by 5 cents, 4% vs Q1 2007Gross profit margin increased to 39.5% from 38.8% (an increaseof 70 bps versus last year)
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Q1 2008 Operating Expenses per unit case
EUROQ1 2008 Q1 2007
2008 vs 2007
Sales 0.42 0.41 2%
Marketing 0.15 0.14 7%
Warehouse / Distribution 0.32 0.30 7%
Administration 0.22 0.21 5%
Total operating expenses
1.11 1.06 5%
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Q1 2008 Net Profit
EURO (million)Q1 2008 Q1 2007
2008 vs 2007
Operating profit (EBIT) 66.5 60.2 +10%
Finance costs & other (23.7) (20.0) +19%
Profit before tax 42.8 40.2 +6%
Tax (11.5) (12.6) -9%
Minority interests (3.2) (2.2) +45%
Net Profit 28.1 25.4 +11%
Earnings per Share (in euros) 0.08 0.07 +14%
Thank you
For further information on Coca-Cola Hellenic please visit our website at: www.coca-colahellenic.com
or contactInvestor Relations at
[email protected]+30.210.6183 100