COCA-COLA İÇECEK A.Ş. INTERIM REPORT as of September 30 ...

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Turkey OperationsSales Volume (mn uc)Nine Month: Turkey volume increased by 2.1% to 459.6 million unitcases, cycling a very strong 12.8% growth in the prior year nine month.449.9459.6Sparkling and still beverages registered low single and high single digitgrowth, respectively, while tea category growth was flat in 9M12.Volume continued to grow in Turkey, albeit a low single digits, in spiteof a high base for sparkling beverages in the first half of the year. Thisis achieved through portfolio optimization, as well as increased focuson category and packages mix management.Sales Revenue (TL mn)2,026.52,221.8While volume growth was at 2.1%, net sales increased by 9.6% to TL2.2 billion, resulting in net sales per unit case growth of 7.3% to TL4.83. The improvement was on the back of effective pricing as well as,favorable category, and increased share of immediate consumptionpackages in the mix.EBIT (TL mn)*12.0%242.713.8%307.4Cost of sales was up by 4.5%, lower than the net sales growth, mostlydue to decline in resin and can prices. Accordingly, the gross profitmargin rose by 2.8pp to 42.1%, driven by higher average pricing andlower raw material prices.Excluding net other operating items, operating expenses increased by14.9%, higher than net sales growth, mostly due to relatively higherdistribution, selling and marketing expenses in the first half of the year.Hence, EBIT margin improved by 1.9pp to 13.8% and EBITDA marginimproved by 2.4pp to 17.9%, driven by the improvement in grossmargin.* EBIT MarginEBITDA (TL mn)* 15.6%315.117.9%398.8* EBITDA MarginCoca-Cola Icecek Investor RelationsTel: +90 216 528 4000 | Fax: +90 216 365 8457 | CCI-IR@cci.com.tr | www.cci.com.trISE Ticker: CCOLA.IS
International OperationsSales Volume (mn uc)Third Quarter: International operations continued its strong growthmomentum in the third quarter and registered 23.1% sales volumegrowth.73.790.7All key markets posted double digit volume growth thanks to continuedimprovements in execution, cooler investments, new product launches,activations during Ramadan and market share gains.Net sales increased by 24.4% whereas net sales per unit caseincreased by 1.1% to US$ 2.76, due to higher average pricing in keymarkets.Sales Revenue (USD mn)201.4250.6Cost of sales increased by 17.8%, lower than revenue growth, mostlydue to decrease in resin and sugar prices during the period.Accordingly, gross profit margin was up by 3.7pp to 34.2%.Excluding net other operating items, operating expenses increased by19.5%, lower than net revenue growth, caused by relatively lowerdistribution, selling and marketing expenses as percentage of netsales. This was attributable to improvements in the sales anddistribution systems and better operating leverage driven by highervolume performance.*14.3%EBIT (USD mn)19.0%Thus, EBIT margin was up by 4.7pp to 19.0% and EBITDA margin wasenhanced by 4.4pp to 23.8% on the back of improved gross marginand lower operating expenses.47.628.8* EBIT Margin*EBITDA (USD mn)23.8%19.4%59.739.1* EBITDA MarginCoca-Cola Icecek Investor RelationsTel: +90 216 528 4000 | Fax: +90 216 365 8457 | CCI-IR@cci.com.tr | www.cci.com.trISE Ticker: CCOLA.IS
Page 5 and 6: The individuals in charge of invest
Page 9 and 10: LIST OF SUBSIDIARIESCoca-Cola İçe
Page 11 and 12: Consolidated (million TL) 3Q12 3Q11
Page 13: Operational Review by SegmentsTurke
Page 17 and 18: Debt StructureGroup Financial Revie
Page 19 and 20: Accounting PrinciplesAs of Septembe
Page 21 and 22: CCI - Consolidated IFRS Income Stat

COCA-COLA İÇECEK A.Ş. INTERIM REPORT as of September 30 ...

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