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KAP : COCA-COLA ICECEK A.S. / CCOLA [] GELECEGE YONELIK DEGERLENDIRMELER 12.08.2015 20:16:18

GELECEGE YONELIK DEGERLENDIRMELER
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ORTAKLIGIN ADRESI : ESENKENT MAH. DENIZ FENERI SOKAK NO:4 34776 UMRANIYE ISTANBUL
TELEFON VE FAKS NUMARASI : 0 216 528 40 00 - 0 216 510 70 08
E-POSTA ADRESI : CCI-IR@CCI.COM.TR
ORTAKLIGIN YATIRIMCI/PAY SAHIPLERI ILE ILISKILER BIRIMININ TELEFON VE FAKS NUMARASI : 0 216 528 33 92 - 0 216 510 70 08
YAPILAN ACIKLAMA GUNCELLEME MI? : EVET
YAPILAN ACIKLAMA DUZELTME MI? : HAYIR
YAPILAN ACIKLAMA ERTELENMIS BIR ACIKLAMA MI? : HAYIR
KONUYA ILISKIN DAHA ONCE YAPILAN OZEL DURUM ACIKLAMASININ TARIHI : 09.03.2015
OZET BILGI : 2015 YILINA AIT BEKLENTILER / 2015 GUIDANCE


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GELECEGE YONELIK BEKLENTILER

YILIN ILK YARISINDA, CCI`NIN ULUSLARARASI OPERASYONLARINDA MEYDANA GELEN GELISMELER DOGRULTUSUNDA 2015 YILINA ILISKIN BEKLENTILERIMIZI REVIZE ETME GEREGI DOGMUSTUR. BU REVIZYONUN ARDINDAN, 2015 YILINDA TURKIYE`DEKI SATIS HACMININ DUSUK TEK HANELI BUYUME GOSTERECEGINE ILISKIN BEKLENTIMIZI KORURKEN, ULUSLARARASI OPERASYONLARIN ORTA TEK HANELI, KONSOLIDE SATIS HACMININ ISE ORTA TEK HANELI BUYUME KAYDETMESINI BEKLIYORUZ.

NET SATIS GELIRLERINDEKI ARTISIN HACIM ARTISININ UZERINDE OLMASINI ONGORUYORUZ. TURKIYE OPERASYONLARININ NET SATIS GELIRLERININ FIYAT ARTISLARI VE KUCUK PAKETLERIN PAYINDAKI ARTISTAN OLUMLU ETKILENMESINI BEKLIYORUZ. DIGER YANDAN, ORTA ASYA ULKELERINDE KURLARDA GERCEKLESEN VE GERCEKLESMESI MUHTEMEL DEVALUASYONLAR ILE GENEL EKONOMIK YAVASLAMA VE PAKISTAN`DA ARTAN REKABETLE BIRLIKTE FIYATLARIN GEVSEK SEYRETMESINE BAGLI OLARAK, KONSOLIDE FAVOK MARJININ 2014 YILINA GORE YATAY YA DA SINIRLI BIR DARALMA GOSTERMESINI ONGORUYORUZ.

2015 YILINA YONELIK OLARAK, DAHA ONCE DUYURDUGUMUZ YATIRIMLARIMIZDAN DUSANBE (TACIKISTAN), ASTANA (KAZAKISTAN) VE MULTAN (PAKISTAN) FABRIKALARI URETIME GECMISTIR.

BEKLENTILERIMIZE YONELIK RISKLER:

BEKLENTILERIMIZIN GERCEKLESMESINE ENGEL OLUSTURABILECEK, ASAGIDAKI UNSURLARI ICEREN ANCAK BUNLARLA SINIRLI OLMAYAN BIR TAKIM RISKLER BULUNMAKTADIR:

TUKETIMDE HIZLI YAVASLAMA: SATIS GELIRLERININ TAMAMININ GELISMEKTE OLAN VE ONCU PIYASALARDAN SAGLANIYOR OLMASINA BAGLI OLARAK POLITIK VE EKONOMIK ISTIKRARSIZLIK TUKETICI GUVENINI BOZABILIR.

CATISMA VE KARGASA: CCI`NIN PAZARLARI VE BU PAZARLARA YAKIN ULKELERDE OZELLIKLE SON YILLARDA POLITIK SORUNLAR VE GUVENLIK ENDISELERI SOZ KONUSUDUR. SURIYE VE IRAK`TA ASKERI VE SIVIL CATISMALAR MEYDANA GELMEKTEDIR. SURIYE OPERASYONLARININ CCI`NIN KONSOLIDE SONUCLARINA OLAN ETKISI IHMAL EDILEBILIR SEVIYEDEYKEN, IRAK GRUBUN TOPLAM SATIS HACMININ %9`UNU OLUSTURMAKTADIR. IRAK`TA BOLGESEL VE SIVIL GERILIMIN TIRMANMASI SIRKETIMIZIN SONUCLARINI ETKILEYEBILIR.

KURLARDAKI DALGALANMA VE EKONOMIK BUYUMEDE YAVASLAMA: SON DONEMDE DOVIZ PIYASALARINDA GORULEN YUKSEK DALGALANMA, CCI`NIN PAZARLARINDAKI BUYUMEYI VE KISA VADEDE SIRKETIN FINANSAL SONUCLARINI OLUMSUZ ETKILEYEBILIR. AZERBAYCAN, TURKMENISTAN VE TACIKISTAN`DA MEYDANA GELEN DEVALUASYONLARIN ARDINDAN, KAZAKISTAN`DA DA KURDA DEGER KAYBINA YONELIK BEKLENTILER DEVAM ETMEKTEDIR. DUSEN EMTIA FIYATLARIYLA BERABER, ORTA ASYA`DAKI EKONOMIK BUYUMENIN 2015 YILINDA ONEMLI OLCUDE YAVASLAMASI BEKLENMEKTEDIR.

HAMMADDE FIYATLARINDA ARTIS: HAMMADDE FIYATLARINDA MEVCUT GORUNUMUN AKSINE OLUMSUZ DEGISIMLERIN GERCEKLESMESI HAMMADDE MALIYETLERINI ARTIRMA POTANSIYELINE SAHIP OLUP, MARJLARA NEGATIF ETKI EDEBILIR.


ENGLISH VERSION:
BUSINESS OUTLOOK AND GUIDANCE

FOLLOWING THE DEVELOPMENTS IN CCI`S INTERNATIONAL MARKETS IN THE FIRST HALF OF THE YEAR, WE FOUND IT NECESSARY TO REVISE OUR 2015 GUIDANCE. FOLLOWING THE REVISION, WE MAINTAIN OUR EXPECTATION FOR TURKEY VOLUME TO GROW AT LOW SINGLE DIGITS, WHILE WE NOW EXPECT INTERNATIONAL OPERATIONS TO GROW AT MID SINGLE DIGITS, AND CONSEQUENTLY CONSOLIDATED VOLUME TO GROW AT MID-SINGLE DIGITS.

WE EXPECT NET SALES REVENUE GROWTH TO BE AHEAD OF VOLUME GROWTH. TURKEY REVENUES ARE EXPECTED TO BE POSITIVELY IMPACTED BY PRICE INCREASES AND FAVORABLE MIX. ON THE OTHER HAND, GIVEN THE PAST AND POSSIBLE DEVALUATIONS AND GENERAL ECONOMIC SLOWDOWN IN CENTRAL ASIAN COUNTRIES AND SOFTER PRICING RESULTING FROM TOUGH COMPETITION IN PAKISTAN, WE EXPECT FLAT TO SLIGHT CONTRACTION IN CONSOLIDATED EBITDA MARGIN, COMPARED TO 2014.

AS ANNOUNCED PREVIOUSLY WITHIN THE SCOPE OF OUR 2015 INVESTMENTS, OUR NEW FACILITIES IN DUSHANBE (TAJIKISTAN), ASTANA (KAZAKHSTAN) AND MULTAN (PAKISTAN) CAME ON STREAM.

RISKS TO OUR GUIDANCE:

THERE ARE SOME RISKS WHICH MAY IMPEDE THE ACHIEVEMENT OF OUR GUIDANCE, INCLUDING BUT NOT LIMITED TO THE FOLLOWING:

SHARP SLOWDOWN IN CONSUMPTION: WITH ALL SALES GENERATED FROM EMERGING AND FRONTIER MARKETS, POLITICAL OR ECONOMIC INSTABILITY COULD DETERIORATE CONSUMER SENTIMENT.

CONFLICTS AND UNRESTS: CCI MARKETS AND NEARBY COUNTRIES HAVE BEEN SUBJECT TO ONGOING POLITICAL AND SECURITY CONCERNS, ESPECIALLY IN RECENT YEARS. THERE HAVE BEEN MILITARY AND CIVILIAN HOSTILITIES IN SYRIA AND IRAQ. WHILE SYRIAN OPERATIONS` CONTRIBUTION TO THE CCI`S CONSOLIDATED RESULTS IS NEGLIGIBLE, IRAQ CONSTITUTES 9% OF TOTAL GROUP VOLUME. ANY FURTHER ESCALATION OF REGIONAL OR CIVILIAN UNREST IN IRAQ, MAY THEREFORE IMPACT THE CCI RESULTS.

CURRENCY VOLATILITY AND SLOWDOWN IN ECONOMIC GROWTH: THE CURRENCY MARKETS HAVE RECENTLY BEEN EXTREMELY VOLATILE, WHICH COULD ADVERSELY AFFECT CCI MARKETS` GROWTH AND FINANCIAL RESULTS IN SHORT-TERM. FOLLOWING THE DEVALUATIONS IN AZERBAIJAN, TURKMENISTAN AND TAJIKISTAN, EXPECTATIONS FOR FURTHER DEPRECIATION IN KAZAKHSTAN STILL PREVAIL IN THE MARKET. COUPLED WITH THE DECLINING COMMODITY PRICES, ECONOMIC GROWTH IN CENTRAL ASIA IS EXPECTED TO SLOW SIGNIFICANTLY IN 2015.

INCREASE IN RAW MATERIAL COSTS: ADVERSE CHANGES IN RAW MATERIAL PRICES VERSUS CURRENT OUTLOOK HAVE A POTENTIAL TO IMPACT RAW MATERIAL COSTS NEGATIVELY WHICH MAY NEGATIVELY AFFECT THE MARGINS.


WE HEREBY DECLARE THAT OUR ABOVE STATEMENTS ARE IN CONFORMITY WITH THE PRINCIPLES INCLUDED IN THE CAPITAL MARKETS BOARD`S COMMUNIQUÉ ON MATERIAL EVENTS, THAT THEY FULLY REFLECT THE INFORMATION WE HAVE ACQUIRED, THAT THE INFORMATION COMPLIES WITH OUR BOOKS, RECORDS AND DOCUMENTS, THAT WE HAVE MADE OUR BEST EFFORT TO FULLY AND ACCURATELY OBTAIN ALL INFORMATION REGARDING THE MATTER AND THAT WE ARE RESPONSIBLE FOR THIS DISCLOSURE MADE HEREBY.

THIS IS AN ENGLISH TRANSLATION OF THE ORIGINAL OFFICIAL PUBLIC DISCLOSURE MADE BY COCA-COLA ICECEK IN TURKISH THROUGH THE PUBLIC DISCLOSURE PLATFORM (HTTP://WWW.KAP.GOV.TR), FOR INFORMATION PURPOSES ONLY. IN THE EVENT OF ANY DISCREPANCY BETWEEN THIS TRANSLATION AND THE ORIGINAL TURKISH DISCLOSURE, THE ORIGINAL TURKISH DISCLOSURE SHALL PREVAIL. COCA-COLA ICECEK MAKES NO WARRANTIES OR REPRESENTATIONS ABOUT THE ACCURACY OR COMPLETENESS OF THE ENGLISH TRANSLATION AND ASSUMES NO LIABILITY FOR ANY ERRORS, OMISSIONS OR INACCURACIES THAT MAY ARISE FROM USE OF THIS TRANSLATION.
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