C&C GROUP PLC
This presentation does not constitute an invitation to underwrite, subscribe for, or otherwise acquire or dispose of any shares or other securities of the Company.
The presentation contains forward-looking statements, including statements about the Company's intentions, beliefs and expectations. These statements are based on the Company's current plans, estimates and projections, as well as the Company's expectations of external conditions and events. Forward-looking statements involve inherent risks and uncertainties and speak only as of the date they are made. The Company undertakes no duty to and will not necessarily update any such statements in light of new information or future events, except to the extent required by any applicable law or regulation. Recipients of this presentation are therefore cautioned that a number of important factors could cause actual results or outcomes to differ materially from those expressed in any forward-looking statements.
Past performance is no guide to future performance and persons needing advice should consult an independent financial adviser.
Your attention is drawn to the 'Principal Risks and Uncertainties' set out on pages 15 and 16 of the Company's 2014 Full Year Announcement. The risks described, however, are not exhaustive and there may be other risks which may have an adverse effect on the business, financial condition, results or future prospects of the Company.
Bulmers Ltd of Clonmel, Ireland, a company within the C&C Group, owns the trade mark BULMERS® in the Republic of Ireland. Bulmers Ltd is not connected with HP Bulmer Ltd of Hereford, UK. BULMERS ® Original Vintage Cider produced by Bulmers Ltd of Clonmel, Ireland is sold outside the Republic of Ireland under the name MAGNERS® Original Irish Cider.
C&C will not comment on current trading or provide any material new information during the course of today's events
For further information see www.candcgroupplc.com
Slide 2
C&C Group l Strategy & Business Model
u-
Sii de 3
Slide 4
Benefits from 'Savoury to Sweet' trend
Craft & Traditional
Refreshing, Natural & Gluten Free
Flavour variants
'Unisex beer'
Cider | Sustained Category GrowthSlide 5
Top 10 Cider Markets KHL - 2014 (F) Trend 2011-20140 4000 8000
-100% 0% 100% 200% 300%
United Kingdom
South Africa USA Australia Argentina Spain France Germany
R o Ireland
Finland
Source: Canadean
Core Markets | Brand Led Wholesaler Model Ireland and ScotlandSlide 6
Direct Route to Market Superior Customer Service Local Market Knowledge
Strong Brand Portfolio
Ireland & Scotland (FY 2014)
74%
74% of Op. profit
16% growth
Ireland & Scotland
Combine to provide strong and sustainable earnings & free cashflow
Core Markets | Brand Led Wholesaler ModelSlide 7
Brand strength - must stock status
Support commercial investment
Pricing approach - free trade vs. other channels
Customer lending
Customer service
Feet on street
Evolution to brand led wholesaler
Strengthen route to market
Multi beverage revenue opportunities
International Markets | Growth Opportunity Export Markets (excluding USA)Slide 8
Exporting to 47 countries; export volumes +11% in
FY2014
USAQuality, stable wholesaler network, new cidery, new packaging and commercial initiatives in place
Re-based expectations of growth but market remains
attractive and dynamic
Strong Cash Generation Delivering ReturnsSlide 9
€493m FCF generated over 5 years: 67% EBITDA conversion
- €121m returned via dividend
- €81m debt reduction
- Net Debt/EBITDA < 1x
Effective capital deployment has delivered:
- EBITDA CAGR of 11%
- EBIT growth from €90m (FY10) to €127m (FY14)
Slide 10
Strong cash generation capability and balance sheet
Evolution of business model in core markets
International growth opportunity
Shareholder value orientation - aligned interests
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