2005 Annual General Meeting Terry Davis CCA Group Managing Director Trading Performance Overview 1 AGM 19 May 2005
2004 Financial Performance Summary Dividends per Share Net Profit, after tax ROCE* 16.9% Dividends increased 30 +4.0 pts 28c CAGR by 133% over last 4 years 25 23c 18.5c 20 14c 15 12c 10 5 0 2000 2001 2002 2003 2004 *Return on Capital Employed 2 AGM 19 May 2005
We Ultimately Judge Our Performance by the Amount of Value We Create for Shareholders $1,000 invested in CCA in 2001 is worth $1,750 today 3 AGM 19 May 2005
Trading By Region • Australia - Standout performance in 2004; 14.4% EBIT increase • Oceania - Solid trading; NZ contributed to majority of $8.2m increase in 2004 EBIT • Indonesia - returned to growth in 2004 but difficult Qtr1 2005 following Tsunami • South Korea - Challenging trading conditions & 2004 EBIT fell to $4m - Not expected to return to profit in H1 2005 4 AGM 19 May 2005
$366m Invested in Acquisitions (excl. SPC Ardmona) & $330m Generated from Non-Core Asset Sales Pacific Beverages 2002 Rio Beverages Peat’s Ridge Springs 2003 Neverfail Crusta Juice 2004 Quirks Refrigeration Northern Territory Coca-Cola Licence 2005 5 AGM 19 May 2005
Commitment to Innovation - Vanilla Coke • Launched Oct 2002 • Generated over $100m revenue in 2003 & 2004 • Refreshed March 2005 6 AGM 19 May 2005
Commitment to Innovation - Fanta 2001 2004 2005 Fanta Spiders Fanta Sours Fanta Flavours - Apple - Orange - Strawberry - Watermelon - Choc Orange 7 AGM 19 May 2005
Commitment to Innovation – Sprite Extension into Energy and Low Sugar Categories 8 AGM 19 May 2005
Australia – Top 3 Water Brands, by value Market Leadership in Australia • From 15% to 35% share in last 2 years 9 AGM 19 May 2005
New Zealand - Water Innovation Growing the Segment and Expanding Consumer Choice New Zealand Aquashot - “on-the-go” Water • Launched July 2004 • Volume 50% ahead of launch targets • approx. 20% share of NZ flavoured water segment 10 AGM 19 May 2005
Major New Product Initiatives in 2005 South Korea Minute Maid Juice Range Australia Fruitopia J & Fruitopia Classic Coke with Lime New Zealand A World First Coke with Raspberry diet Coke with Raspberry 11 AGM 19 May 2005
SPC Ardmona - Strategic Rationale 1. Take advantage of trend to health and well being 2. Brands with strong consumer franchise 3. Value add by delivering higher service levels 4. Common key customer profile to CCA 12 AGM 19 May 2005
Leading Brand Portfolio PACKAGED FRUIT MARKET LEADER BAKED BEANS AND TINNED TOMATOES MARKET LEADER SPAGHETTI IXL SPREADS; TAYLORS SAUCES AND MARINADES MARKET LEADER IN SPREADS 13 AGM 19 May 2005
SPC Ardmona - Strategic Rationale 1. Take advantage of trend to health and well being 2. Brands with strong consumer franchise 3. Value add by delivering higher service levels 4. Common key customer profile to CCA 14 AGM 19 May 2005
Leading Brand Portfolio Manufacturing plants 3 Countries (where products are sold) 50 Stock keeping units 1,900 Employees (full time) 800 Split of Revenue 60% Packaged Fruit 12% Henry Jones Spreads 11% Tinned Tomatoes 9% Baked Beans and Spaghetti 8% Other 15 AGM 19 May 2005
Adding Value through Product & Package Innovation and Customer Relationships • New Packaging Development • New Product Development • Other Opportunities • supply chain management • manufacturing • route trade distribution 16 AGM 19 May 2005
2005 Full Year Outlook FY 2005 – low double digit Net Profit Growth H1 2005 – around 10% Net Profit Growth • Full year earnings growth weighted to H2 • Two less selling days in H1 • Soft volume in first quarter • Full benefit of price increase in H2 • SPC Ardmona synergies to begin in H2 17 AGM 19 May 2005
The Changing Face of our Workforce • Attracting talented & experienced people • Strengthening management team • Sharing best practice – sales and customer service • Focus on training & development • Improving diversity in our workforce 18 AGM 19 May 2005
19 AGM 19 May 2005
Recommend
More recommend
