Tuesday , June 15 2021

Cott publishes results for the third quarter of 2018 11/12/18



(Unless otherwise indicated, all comparisons for the third quarter of 2018 refer to the third quarter of 2017, All in US dollars).

TORONTO and TAMPA, Florida. November 12, 2018 / PRNewswire / –

Cott Corporation (NYSE: COT) (TSX: BCB) today announced its results on May 29. September 2018 finished the third quarter.

SUMMARY OF THE THIRD QUARTER 2018 – CURRENT ECONOMIC ACTIVITY

  • Sales increased by 5% (6% excluding exchange rate effects and adjusted for a change in average coffee costs) to USD 609 million compared to USD 581 million.
  • The reported net profit and net earnings per diluted share were $ 9 million and $ 0.06, respectively, compared to reported net income and diluted diluted dividone earnings of $ 2 million and $ 0.01, respectively. dollars. Adjusted EBITDA increased by 11% to USD 93 million.
  • Income in the amount of approximately USD 32 million was paid to shareholders through USD 8 million quarterly dividends and USD 24 million to buy back shares.
  • Updated annual target for 2018 For consolidated revenues of more than USD 2.35 billion to approximately USD 2.37 billion and total cash flow from operations for the entire year 2018 Up to approximately USD 245 million with approximately USD 125 million investment expenditures. , which results in adjusted cash flows at the upper end of our expectations in the amount of USD 115-120 million (excluding acquisitions, integration and other adjustments).
  • Acquisition of Mountain Valley, a rapidly growing US premium brand and soda water brand, one of the best-known home and office brands ("HOD") in the world USA is. Mountain Valley continuously fills glass since 1871 with a production plant in Hot Springs, Arkansasand four well-protected and wells in the Ouachita Mountains with overcapacity to sustain demand. The companies include HOD, a natural food channel, local, e-commerce and strategic packaging.

"In this quarter we have achieved good revenues and profits thanks to an increase in the number of customers, consumption, valuations and takeovers of route-based services" – commented Jerry Fowden, Chief Executive Officer from Cott"Because our services based on Route services have achieved good results, including the successful implementation of our price initiatives and the acquisition of Mountain Valley with the rapidly growing premium source brand, foam and aromatization water"We are well prepared to meet our free cash goals in 2018 and 2019," continued Mr. Fowden.

GLOBAL DEVELOPMENT OF THE THIRD QUARTER 2018 – OUTSIDE THE ECONOMIC ACTIVITY

  • Sales increased by 5% to USD 609 million (6% excluding exchange rate effects and adjusted by a change in average coffee costs), caused by a strong increase in the road services segment:

Current business

sales bridge

Revenue from the third quarter of 2017

$

580.9

Services based on the route

29.2

Coffee, tea and extracts

1.1

FX effects(AND)

-3.0

Change in average processing costs of green coffee products(B)

-4.3

different

5.4

Sales for the third quarter of 2018

$

609.3

(AND)

The details in Annex 5 are included in the report section.

(B)

The details in Annex 8 include the reporting segment.

  • Gross profit increased by 6% to USD 311 million, mainly due to the increase in revenues, which included the implementation of prices in this quarter, which alleviated the overall inflationary gains that dominated the segment of traction services in 2018.
  • Interest expenses amounted to USD 19 million compared to USD 23 million.
  • The reported net profit and net earnings per diluted share were $ 9 million and $ 0.06, respectively, compared to reported net income and diluted diluted dividone earnings of $ 2 million and $ 0.01, respectively. dollars.
  • Reported EBITDA amounted to USD 78 million compared to USD 75 million a year ago, and adjusted EBITDA increased by 11% to USD 93 million. Both were driven by increased sales and an increase in gross margin.
  • In the third quarter, cash flow from operating activities by USD 78 million minus 36 million investment expenditures resulted in USD 42 million of reported free cash flow and adjusted free cash flow in the amount of USD 56 million USD million compared to the adjusted free cash flow in the amount of USD 13 million a year earlier. Since the beginning of the year, cash flows from operations of USD 146 million minus USD 95 million in capital expenditures have led to USD 51 million of reported free cash flows and adjusted free cash flows of USD 85 million US dollars (see Annex 7).

RESULTS OF THE THIRD QUARTER OF 2018 – DEVELOPMENT OF SEGMENTS

Services based on the route

  • Sales increased by 7% (7% without currency exchange) to USD 424 million. The detailed breakdown is shown below.

Services based on the route

sales bridge

Revenue from the third quarter of 2017

$

397.3

In the context of HOD Water

27.1

retail

2.8

OCS

1.9

different

-2.6

Change without exchange rate effects

29.2

FX effects(AND)

-2.8

Sales for the third quarter of 2018

$

423.7

(AND)

The details in Annex 5 are included in the report section.

  • Gross profit increased by 7% to USD 267 million, mainly due to higher revenues from customer growth, increased consumption and benefits from acquisitions, while our price initiatives successfully offset the market inflation that prevailed in 2018,
  • Operating revenues increased 27% to USD 38 million, mainly due to the increase in gross profit.

Coffee, tea and extracts

  • Revenues dropped by 2% to USD 140m (up by 1%, adjusted by the change in average coffee costs), reflecting lower raw raw coffee costs, change in customer structure and disproportionate coffee and coffee growth 9% last year, because we increased our share in the market and filled out new pipelines for customers. An increase in sales by 1% adjusted for a change in the average cost of coffee resulted from a 51% increase in the volume of liquid extract, partially compensated by a 3% decrease in the volume of roasted and ground coffee.

Coffee, tea and extracts

sales bridge

Revenue from the third quarter of 2017

$

143.4

volume of coffee

-3,4

Kafeepreis / mixture

-0.6

Liquid coffee and extracts

3.3

different

1.8

Change without changing the average
The production costs of green coffee products

1.1

Change in average processing costs of green coffee products(AND)

-4.3

Sales for the third quarter of 2018

$

140.2

(AND)

The details in Annex 8 include the reporting segment.

  • Gross profit was $ 35 million compared to $ 37 million, and operating income was $ 5 million compared to $ 4 million as a result of lower roasted coffee and meal and price / mix Transfer to larger fast-food outlets was over-balanced increase in liquid extracts and lower costs of SG & A.

FORECAST FOR SALE AND FREE CASH FLOW IN FULL 2018 FROM OUR ECONOMIC ACTIVITIES

Cott updated its annual planned revenues for the whole year 2018 to USD 2.37 billion, and the key expectations of the operating segment for annual revenues in 2018 were as follows:

Operating segment
(in billions of dollars)

Sale 2018 *

Services based on the route:

$

1.61

Coffee, tea and extracts:

$

0.58

All others:

$

0.18

Consolidated full year 2018:

$

2.37

Updated forecasts for a full cash flow of approximately USD 245 million in 2018, with capital expenditures of approximately USD 125 million, which translates to adjusted free cash flow in the upper part of our forecast of USD 115 million to USD 120 million (from excluding acquisitions, integration and other adjustments) and annual cash flow projections for 2019 of approximately USD 265-270 million, with capital expenditures of approximately USD 120 million, resulting in adjusted cash flows of over USD 150 million (excluding adjustments from acquisition, integration and other working capital adjustments).

The acquisition of Mountain Valley is expected to generate sales of around USD 8-9 million in 2018. As part of Cott's operations, it was included in the above-mentioned revenue expectations in 2018. Mountain Valley will only provide nominal benefits to free cash flow due to for the time of the takeover.

Share buyback program

Cott bought back around 1.6 million shares at an average price of $ 15.40 as part of a previously announced buy-back program in the third quarter, which is approximately $ 24 million.

The buy-back program is limited to USD 50 million, from May 7, 2018 and ending on May 6, 2019. Cott intends to manage this program in an opportunistic manner and from time to time buy it back if management believes that market conditions are favorable.

There is no certainty as to the exact number of shares to be repurchased in the future, if any, as part of the Share Buyback Program or the entire face value of the dollar shares that will be acquired in future periods. Cott may terminate the purchase at any time, subject to compliance with applicable law. The shares acquired as part of the share buyback program have been canceled.

TELEPHONE CONFERENCE ON THE THIRD QUARTER RESULTS OF 2018

The Cott Corporation will be present today on day 8. November 2018to have a teleconference at 10:00 ET ET to discuss the results of the third quarter. The access data is as follows:

North America: (888) 231-8191
International: (647) 427-7450
Conference ID: 7586828

A live audio broadcast will be available on the Cott website at http://www.cott.com/. The conference call will be recorded and archived for replay in the Investor Relations section of the website for a period of two weeks after the event.

INFORMATION ABOUT COTT CORPORATION

Cott is a company providing services in the field of water, coffee, tea, extracts and filtration, with a leading nationwide presence in the North American and European sector of water and bottled water supply. It is also a leader in coffee roasting, mixing of ice tea and extract solutions for the American hotel industry. Our platform reaches over 2.5 million customers or delivery points in North America and Europe and is served by strategically located sales and fleet offices as well as wholesalers and distributors. It allows us to efficiently serve houses, shops, restaurant chains, hotels and motels, small and large retail stores and health care facilities.

Means other than GAAP

To supplement reporting on GAAP financial measures, Cott uses some non-GAAP measures. Cott excludes GAAP revenues from currency effects and changes in average coffee costs to separate the impact of these factors from Cott's operating results. Cott uses EBITDA and adjusted EBITDA at the global level to separate the impact of some items from core operations. Because Cott uses these adjusted financial results to manage its operations, management believes that this supplementary information is useful to investors for their independent assessment and understanding of Cotter's core business and management performance. In addition, Cott complements cash outflows and cash outflows from continuing operations reported in accordance with GAAP to exclude allowances for property, plant and equipment to reflect free cash flows and acquisition and integration costs, adjusting to net working capital in the context of the Refresco Concentrate supply contract other cash inflows in order to present adjusted free cash flows that, in the management's opinion, provide investors with useful information to evaluate our results, compare our results with our peers and assess our debt servicing capacity and finance strategic opportunities that involve investing in our business, strategic acquisitions, dividend payments, buy-back of ordinary shares and strengthening of the balance sheet. The financial resources described above that do not comply with the GAAP standards are complementary to the financial statements of GAAP Cott and can not be considered better or substitute. In addition, financial indicators that do not comply with the GAAP standards included in this statement of revenue reflect and may differ from management's views on specific positions and are therefore not comparable to similar measures of other companies.

Safe Harbor statement

This press release contains forward-looking statements in Section 27A of the Securities Act of 1933. I Section 21E of the Securities Exchange Act of 1934. Expresses management's expectations regarding the future based on plans, estimates and forecasts as at which Cott convey. Forward-looking statements involve inherent risks and uncertainties, and Cott warns that many important factors can cause actual results to differ materially from those in the forward-looking statements. The forward-looking statements in this press release include, inter alia, the number of shares bought back under the share buyback program, implementation of our strategic priorities, future financial and operating trends, and results (including Cotto's forecasts of sales and free cash flow in 2018) and related aspects. Forward-looking statements are based on assumptions about current management plans and estimates. Management believes that these assumptions are reasonable, but there is no guarantee that they will prove correct.

Factors that may cause the actual results to differ materially from those described in this press release include, but are not limited to, our ability to compete effectively in the markets in which we operate; Fluctuations in raw material prices and our ability to pass increased costs to our clients or to protect against such rising costs and the impact of these increased prices on our volumes; our ability to effectively run our business; our ability to take full advantage of the potential benefits of acquisitions or other strategic opportunities that we implement; potential liabilities related to the Refresco transaction; our ability to realize the synergy of revenues and costs from our recent acquisitions due to integration problems and other challenges; the limited nature of our rights to damages arising from our recent acquisition agreements; our risk related to intangible assets; Currency exchange rate fluctuations between the US dollar, British pound, euro, Canadian dollar and other currencies; and may negatively affect the exchange between the British pound and the euro; our ability to maintain favorable contracts and relationships with our suppliers; our ability to meet our obligations under our contracts and to counteract the risk of further increasing our indebtedness; our ability to comply with the obligations and terms of our debt agreements; Interest rate fluctuations that could increase our borrowing costs; incurring significant commitments to finance our recent acquisitions; the impact of global financial events on our financial results; Changes in credit ratings; our ability to take full advantage of the expected cost savings and / or operating efficiency from our restructuring operations; any disturbances in production in our production plants; our ability to maintain access to our water sources; our ability to protect our intellectual property; compliance with the product safety and health standards; Responsibility for injuries or diseases caused by consumption of contaminated products; Liability and damage related to reputation through litigation or court proceedings; Changes in the legal and regulatory environment in which we operate; seasonal nature of our activities and the effects of adverse weather conditions; the impact of national, regional and global events, including political, economic, commercial and competitive events; our ability to employ, maintain and integrate new management; our ability to extend our collective agreements on satisfactory terms; Disruptions in our information systems; our ability to securely manage our clients' confidential data or credit cards or other personal information about our employees or our company; our ability to maintain our quarterly dividend; our ability to adequately deal with the challenges and threats associated with our international operations and to solve compliance and compliance issues, including: U.S. Stalemate. Foreign Corrupt Practices Act and the British Bribery Act of 2010; increased tax liabilities in the various jurisdictions in which we operate; our ability to use tax attributes to compensate future taxable income; and the impact of the Tax Act on Tax Reductions and Jobs from 2017 on our tax liabilities and the effective tax rate.

The above list of factors is not exhaustive. Readers are warned not to rely too heavily on forward-looking statements that have been in force since their publication. Readers are asked to carefully review and consider various disclosures, including: a. The risk factors included in the annual Cotts report on Form 10-K and its quarterly reports on Form 10-Q and other reports with securities commissions. Cott has no obligation to update or revise these statements with regard to new information or future events, unless expressly required by applicable law.

Website: http://www.cott.com/

COTT CORPORATION

ATTACHMENT 1

CONSOLIDATED PROFIT AND LOSS ACCOUNT

(in millions of dollars, excluding inventories and amounts per share, US GAAP)

unchecked

Three months to

Nine months to

September 29
2018

September 30
2017

September 29
2018

September 30
2017

Sales, net

$

609.3

$

580.9

$

1,773.7

$

1,698.4

Personal sale expense

298.8

288.1

888.3

849.7

gross profit

310.5

292.8

885.4

848.7

Sales, administration and other costs

279.9

263.2

816.2

778.2

Loss (profit) on disposal of property, plant and equipment, net

1.2

(0.4)

3.8

4.8

Acquisition and integration costs

1.6

7.7

10.8

21.7

operational profit

27.8

22.3

54.6

44.0

Other income, net

(0.6)

(3-4)

(33.0)

(6.0)

Interest costs, net

18.9

23.2

58.3

62.1

Profit (loss) from operating activities before tax

9.5

2.5

29.3

(12.1)

Income tax

1.0

0.9

4.0

1.0

Net profit (loss) from operating activities

$

8.5

$

1.6

$

25.3

$

(13.1)

Net profit from discontinued operations, after deducting income tax

1.5

43.0

357.5

1.0

Net profit (loss)

$

10.0

$

44.6

$

382.8

$

(12.1)

Less: net income attributed to minority shares – discontinued operations

2.1

0.6

6.4

Net profit (loss) attributable to Cott Corporation

$

10.0

$

42.5

$

382.2

$

(18.5)

Net profit (loss) per ordinary share attributable to Cott Corporation

undiluted:

Current business

$

0.06

$

0.01

$

0.18

$

(0.09)

Discontinued operations

$

0.01

$

0.29

$

2.56

$

(0.04)

Net profit (loss)

$

0.07

$

0.30

$

2.74

$

(0.13)

diluted:

Current business

$

0.06

$

0.01

$

0.18

$

(0.09)

Discontinued operations

$

0.01

$

0.29

$

2.51

$

(0.04)

Net profit (loss)

$

0.07

$

0.30

$

2.69

$

(0.13)

Weighted average number of ordinary shares outstanding (in thousands)

undiluted

138787

139205

139503

138980

diluted

141176

141003

141963

138980

Distribution of the dividend per ordinary share

$

0.06

$

0.06

$

0.18

$

0.18

COTT CORPORATION

ANNEX 2

CONSOLIDATED CURRENCY

(in millions of dollars, except for inventory, US GAAP)

unchecked

September 29, 2018

December 30, 2017

ASSETS

fixed assets

Cash and cash equivalents

$

175.7

$

91.9

Receivables due to deliveries and services, less value adjustments by USD 9.4 (USD 7.8 as at December 30, 2017)

331.9

285.0

wrestling

136.6

127.6

Prepayments and other current assets

29.7

20.7

Current assets from discontinued operations

408.7

Total current assets

673.9

933.9

Property, plant and equipment, net

591.5

584.2

kindness

1,129.1

1,104.7

Intangible assets, net

732.4

751.1

Assets due to deferred income tax

1.4

2.3

Other non-current assets, net

31.8

39.4

Long-term assets from discontinued operations

677.5

Total assets

$

3,160.1

$

4,093.1

LIABILITIES AND BASIC CAPITAL

Current liabilities

Short-term loans

9.0

Short-term loans that must be repaid or remitted in connection with the sale

220.3

Short-term maturities of long-term liabilities

3.1

5.1

Trade liabilities and deferred income

463.4

412.9

Short-term liabilities from discontinued operations

295.1

Total short-term liabilities

475.5

933.4

Long-term liabilities

1,262.9

1,542.6

Commitments that must be repaid or remitted in connection with the sale

519.0

Provisions for deferred income tax

132.8

98.4

Other long-term liabilities

74.8

68.2

Long-term liabilities from discontinued operations

45.8

Total liabilities

1,946.0

3,207.4

share capital

Ordinary shares with no par value – 138 105.592 (30 December 2017 – 139.488.805) issued shares

911.3

917.1

Reserve capital

72.7

69.1

Retained earnings (loss of balance)

321.2

(12.2)

Total other total loss

(91.1)

(94.4)

Total share capital of Cottbus

1,214.1

879.6

shares of minorities

6.1

Total share capital

1,214.1

885.7

Total liabilities and share capital

$

3,160.1

$

4,093.1

COTT CORPORATION

ANNEX 3

CONSOLIDATED CASH FLOW STATEMENT

(in billions of dollars, US GAAP)

unchecked

Three months to

Nine months to

September 29
2018

September 30
2017

September 29
2018

September 30
2017

Cash flows from the operating activities of the continuing operations:

Net profit (loss)

$

10.0

$

44.6

$

382.8

$

(12.1)

Net profit from discontinued operations, after deducting income tax

1.5

43.0

357.5

1.0

Net profit (loss) from operating activities

$

8.5

$

1.6

$

25.3

$

(13.1)

Corrections regarding the reconciliation of the net result (loss) with the operating activities of the continuing operations:

Depreciation and value adjustments

49.6

49.4

145.7

141.8

Depreciation of financing costs

0.9

0.6

2.6

1.4

Write-offs for bonds premiums

(1,1)

(0.4)

(3,9)

The costs of share-based remuneration

6.8

2.1

14.6

11.1

(Provisions) due to deferred income tax

0.1

(3.1)

2.8

1.4

Loss (profit) from securing raw materials, net

(0.4)

0.3

(1.9)

Profit on the sale of an enterprise

(6.0)

Profit from debt settlement

(7.1)

(1.5)

Loss (profit) on disposal of property, plant and equipment, net

1.2

(0.4)

3.8

4.8

Other non-monetary items

0.8

(8.4)

(1.3)

(13.2)

Change in operating assets and liabilities adjusted for acquisitions:

Receivables due to deliveries and services

(21.8)

(16.4)

(41.0)

(36.7)

wrestling

4.3

(4.9)

(9.4)

(14.5)

Deferred income and other current assets

(0.8)

2.5

(7.4)

(0.3)

Other assets

0.2

0.7

1.4

4.8

Trade liabilities and reserves and other liabilities

28.4

24.0

22.2

58.5

Cash flows from the operating activities of the continuing operations

78.2

46.2

146.1

138.7

Cash flows from investing activities of continuing operations:

Acquisitions, less cash and cash equivalents received

(0.4)

(3-4)

(67.0)

(33.4)

Additives to property, plant and equipment

(36.3)

(38.2)

(95.0)

(97.1)

Additions to intangible assets

(2.7)

(3-4)

(6.9)

(6.0)

Proceeds from the sale of property, plant and equipment

0.8

3.1

3.7

6.0

Revenues from sales of economic activities reduced by cash and cash equivalents

12.8

Proceeds from the sale of equity securities

7.9

7.9

Sonstige Investitionstätigkeit

0.1

0.5

0.4

0.9

Mittelabfluss aus Investitionstätigkeit der fortgeführten Geschäftsbereiche

(30.6)

(41.4)

(144.1)

(129.6)

Cashflow aus Finanzierungstätigkeit aus laufendender Geschäftstätigkeit

Tilgung von langfristigen Verbindlichkeiten

(0.2)

(0.3)

(263.5)

(101.9)

Ausgabe von langfristigen Verbindlichkeiten

750.0

Finanzschulden unter asset-basierten Kreditgeschäften (ABL)

0.4

1.4

Zahlungen unter asset-basierten Kreditgeschäften (ABL)

(0.4)

(1.4)

Prämien und Kosten bei Tilgung langfristiger Verbindlichkeiten

(12.5)

(7.7)

Ausgabe von Stammaktien

1.8

2.1

6.0

2.9

Zurückgekaufte und eingezogene Stammaktien

(24.4)

(0.1)

(46.1)

(1.9)

Finanzierungskosten

(1.5)

(11.1)

An die Stammaktionäre gezahlte Dividenden

(8.3)

(8.4)

(25.1)

(25.1)

Nachträgliche Kaufpreisleistung für Akquisitionen

(2.8)

Sonstige Finanzierungstätigkeit

1.9

4.0

0.5

Mittelzufluss (-abfluss) aus der Finanzierungstätigkeit der fortgeführten Geschäftsbereiche

(29.2)

(6.7)

(341.5)

605.7

Cashflows aus nicht fortgeführter Geschäftstätigkeit:

Geschäftstätigkeit der nicht fortgeführten Geschäftsbereiche

(5.6)

47.4

(93.6)

56.1

Investitionstätigkeit der nicht fortgeführten Geschäftsbereiche

(13,3)

1.228,6

(36,7)

Finanzierungstätigkeit der nicht fortgeführten Geschäftsbereiche

(9,2)

(769,7)

(610,5)

Mittelzufluss (-abfluss) aus der Finanzierungstätigkeit der nicht fortgeführten Geschäftsbereiche

(5,6)

24,9

365,3

(591,1)

Einfluss von Wechselkursänderungen auf den Finanzmittelbestand

0,5

2,0

(8,0)

6,4

Nettozunahme des Barbestands, der zahlungswirksamen Mittel und Zahlungsmittel mit Verfügungsbeschränkung

13,3

25,0

17,8

30,1

Barbestand und zahlungswirksame Mittel und Zahlungsmittel mit Verfügungsbeschränkung, Beginn des Berichtszeitraums

162,4

123,2

157,9

118,1

Barbestand und zahlungswirksame Mittel und Zahlungsmittel mit Verfügungsbeschränkung, Ende des Berichtszeitraums

175,7

148,2

175,7

148,2

Barbestand und zahlungswirksame Mittel und Zahlungsmittel mit Verfügungsbeschränkung der nicht fortgeführten Geschäftsbereiche, Ende des Berichtszeitraums

66,2

66,2

Barbestand und zahlungswirksame Mittel und Zahlungsmittel mit Verfügungsbeschränkung aus laufender Geschäftstätigkeit, Ende des Berichtszeitraums

$

175,7

$

82,0

$

175,7

$

82,0

COTT CORPORATION

ANLAGE 4

SEGMENTINFORMATIONEN

(in Milliarden US-Dollar, U.S. GAAP)

Ungeprüft

Drei Monate zum 29. September 2018

(in Millionen US-Dollar)

Route Based
Services

Kaffee, Tee und
Extraktlösungen

Alle Sonstigen

Eliminierungen

Summe

Umsätze, netto

Lieferung von abgefülltem Wasser für Haushalte und Büros

$

271,1

$

$

$

$

271,1

Kaffee- und Tee-Dienstleistungen

45,4

113,0

0,9

(1,4)

157,9

Einzelhandel

61,3

16,9

(0,3)

77,9

Sonstige

45,9

27,2

29,3

102,4

Summe

$

423,7

$

140,2

$

47,1

$

(1,7)

$

609,3

Bruttogewinn

$

267,4

$

35,4

$

7,7

$

$

310,5

Bruttomarge in %

63,1 %

25,2 %

16,3 %

51,0 %

Betriebsgewinn (-verlust):

$

37,5

$

5,0

$

(14,7)

$

$

27,8

Abschreibungen und Wertberichtigungen

$

41,9

$

5,8

$

1,9

$

$

49,6

Drei Monate zum 30. September 2017

(in Millionen US-Dollar)

Route Based
Services

Kaffee, Tee und
Extraktlösungen

Alle Sonstigen

Eliminierungen

Summe

Umsätze, netto

Lieferung von abgefülltem Wasser für Haushalte und Büros

$

252,5

$

252,5

Kaffee- und Tee-Dienstleistungen

44,2

120,9

0,7

165,8

Einzelhandel

58,6

11,7

70,3

Sonstige

42,0

22,5

27,8

92,3

Summe

$

397,3

$

143,4

$

40,2

$

$

580,9

Bruttogewinn (a)

$

249,2

$

36,8

$

6,8

$

$

292,8

Bruttomarge in %

62,7 %

25,7 %

16,9 %

50,4 %

Betriebsgewinn (-verlust):

$

29,6

$

3,5

$

(10,8)

$

$

22,3

Abschreibungen und Wertberichtigungen

$

41,7

$

6,0

$

1,7

$

$

49,4

Neun Monate zum 29. September 2018

(in Millionen US-Dollar)

Route Based
Services

Kaffee, Tee und
Extraktlösungen

Alle Sonstigen

Eliminierungen

Summe

Umsätze, netto

Lieferung von abgefülltem Wasser für Haushalte und Büros

$

759,5

$

$

$

$

759,5

Kaffee- und Tee-Dienstleistungen

139,8

349,0

2,5

(3,9)

487,4

Einzelhandel

177,1

49,1

(0,3)

225,9

Sonstige

131,0

82,8

87,2

(0,1)

300,9

Summe

$

1.207,4

$

431,8

$

138,8

$

(4,3)

$

1.773,7

Bruttogewinn (a)

$

752,8

$

111,5

$

21,1

$

$

885,4

Bruttomarge in %

62,3 %

25,8 %

15,2 %

49,9 %

Betriebsgewinn (-verlust):

$

77,6

$

12,3

$

(35,3)

$

$

54,6

Abschreibungen und Wertberichtigungen

$

122,8

$

17,2

$

5,7

$

$

145,7

Neun Monate zum 30. September 2017

(in Millionen US-Dollar)

Route Based
Services

Kaffee, Tee und
Extraktlösungen

Alle Sonstigen

Eliminierungen

Summe

Umsätze, netto

Lieferung von abgefülltem Wasser für Haushalte und Büros

$

715,5

$

$

$

$

715,5

Kaffee- und Tee-Dienstleistungen

134,9

369,6

2,0

506,5

Einzelhandel

165,7

33,9

199,6

Sonstige

118,8

70,6

87,4

276,8

Summe

$

1.134,9

$

440,2

$

123,3

$

$

1.698,4

Bruttogewinn (a)

$

710,9

$

117,9

$

19,9

$

$

848,7

Bruttomarge in %

62,6 %

26,8 %

16,1 %

50,0 %

Betriebsgewinn (-verlust):

$

61,9

$

13,1

$

(31,0)

$

$

44,0

Abschreibungen und Wertberichtigungen

$

119,1

$

17,2

$

5,5

$

$

141,8

(a) Beinhaltet Verkäufe von Konzentraten an verbundene Unternehmen an aufgegebene Geschäftsbereiche.

COTT CORPORATION

ANLAGE 5

ERGÄNZENDE INFORMATIONEN – NICHT-GAAP-KONFORM – AUFTEILUNG DER UMSATZE NACH BERICHTSSEGMENT

Ungeprüft

(in Millionen US-Dollar, ausser Prozentangaben)

Drei Monate zum 29. September 2018

Route Based
Services

Kaffee, Tee und
Extraktlösungen

Alle Sonstigen

Eliminierungen

Cott (a)

Umsatzveränderung

$

26,4

$

(3,2)

$

6,9

$

(1,7)

$

28,4

Wechselkurseffekte (b)

$

2,8

$

$

0,2

$

$

3,0

Veränderung ohne Wechselkurseffekte

$

29,2

$

(3,2)

$

7,1

$

(1,7)

$

31,4

Umsatzveränderung in Prozent

6,6 %

(2,2) %

17,2 %

100,0 %

4,9 %

Umsatzveränderung in Prozent ohne Wechselkurseffekte

7,3 %

(2,2) %

17,7 %

100,0 %

5,4 %

(a) Cott erfasst die folgenden Berichtssegmente: Route Based Services, Kaffee, Tee und Extraktlösungen und Alle Sonstigen.

(b) Wechselkurseffekte sind die Differenz zwischen dem Umsatz des aktuellen Berichtszeitraums, der unter Verwendung der durchschnittlichen Wechselkurse des aktuellen Berichtszeitraums umgerechnet wird, und dem Umsatz des aktuellen Berichtszeitraums, der unter Verwendung der durchschnittlichen Wechselkurse des vorherigen Berichtszeitraums umgerechnet wird.

COTT CORPORATION

ANLAGE 6

ZUSÄTZLICHE INFORMATIONEN – NICHT-GAAP-KONFORM – ERGEBNIS VOR ZINSEN, STEUERN UND ABSCHREIBUNGEN

(EBITDA)

(in Millionen US-Dollar)

Ungeprüft

Drei Monate zum

Neun Monate zum

29. September
2018

30. September
2017

29. September
2018

30. September
2017

Nettogewinn (-verlust) aus laufender Geschäftstätigkeit

$

8,5

$

1,6

$

25,3

$

(13,1)

Zinsaufwand, netto

18,9

23,2

58,3

62,1

Ertragssteueraufwand

1,0

0,9

4,0

1,0

Abschreibungen und Wertberichtigungen

49,6

49,4

145,7

141,8

EBITDA

$

78,0

$

75,1

$

233,3

$

191,8

Akquisitions- und Integrationskosten (a), (b), (c)

1,6

7,7

10,8

21,7

Aktienbasierte Vergütungsaufwendungen (d)

10,2

1,9

16,2

8,7

Verlust (Gewinn) aus Rohstoffabsicherung, netto (e)

(0,4)

0,3

(1,9)

Fremdwährungs- und sonstige Verluste (Gewinne), netto (f)

0,4

(0,2)

(10,8)

(1,1)

Verlust aus dem Abgang von Sachanlagen, netto (g)

1,2

3,8

5,7

Gewinn aus der Tilgung langfristiger Verbindlichkeiten (h)

(7,1)

(1,5)

Veräusserungsgewinn (i)

(6,0)

Sonstige Anpassungen, netto (b), (j)

1,4

(0,2)

(0,4)

1,8

Bereinigtes EBITDA

$

92,8

$

83,9

$

240,1

$

225,2

(a) Beinhaltet eine Reduzierung der aktienbasierten Vergütungsaufwendungen um 3,4 Mio. USD bzw. 1,6 Mio. USD  für die am 29. September 2018 endenden drei bzw. neun Monate
im Zusammenhang mit den gewährten Prämien im Rahmen der Übernahme unserer S&D- und Eden-Geschäfte und einer Erhöhung
der aktienbasierten Vergütungsaufwendungen um 0,2 Mio. USD bzw. 2,4 Mio. USD für die am 30. September 2017 endenden drei bzw. neun Monate im Zusammenhang mit den gewährten Prämien
im Rahmen der Übernahme unserer S&D- und Eden-Geschäfte.

(b) Mit der Anwendung der aktualisierten Rechnungslegungsstandards vom Juli 2017, „Compensation-Retirement Benefits (Topic 715)", wurde der zuvor in den Akquisitions- und Integrationskosten erfasste Gewinn aus der Kürzung von Pensionen in Höhe von 4,5 Mio. USD
für die drei und neun Monate bis zum 30. September 2017 umgegliedert und unter Sonstige Anpassungen, netto ausgewiesen
, Diese Umgliederung hatte keinen Einfluss auf das bereinigte EBITDA für die drei und neun Monate bis zum 30. September 2017.

Drei Monate zum

Neun Monate zum

29. September
2018

30. September
2017

29. September
2018

30. September
2017

(ungeprüft)

(ungeprüft)

(c) Akquisitions- und Integrationskosten

Akquisitions- und Integrationskosten

$

1,6

$

7,7

$

10,8

$

21,7

(d) Aktienbasierte Vergütungsaufwendungen

Vertriebs-, Verwaltungs- und sonstige Kosten

10,2

1,9

16,2

8,7

(e) Verlust (Gewinn) aus Rohstoffabsicherung, netto

Umsatzkosten

(0,4)

0,3

(1,9)

(f) Fremdwährungs- und sonstige Verluste (Gewinne), netto

Sonstige Erträge, netto

0,4

(0,2)

(10,8)

(1,1)

(g) Verlust aus dem Abgang von Sachanlagen, netto

Verlust aus dem Abgang von Sachanlagen, netto

1,2

3,8

5,7

(h) Gewinn aus der Tilgung langfristiger Verbindlichkeiten

Sonstige Erträge, netto

(7,1)

(1,5)

(i) Veräusserungsgewinn

Sonstige Erträge, netto

(6,0)

(j) Sonstige Anpassungen, netto

Sonstige Erträge, netto

(3,0)

(6,6)

(3,0)

Vertriebs-, Verwaltungs- und sonstige Kosten

1,3

2,8

4,9

4,8

Umsatzkosten

0,1

1,3

COTT CORPORATION

ANLAGE 7

ZUSÄTZLICHE INFORMATIONEN – NICHT-GAAP-KONFORM – FREIER CASHFLOW UND BEREINIGTER FREIER CASHFLOW

(in Millionen US-Dollar)

Ungeprüft

Drei Monate zum

29. September 2018

30. September 2017

Mittelzufluss aus laufender Geschäftstätigkeit der fortgeführten Geschäftsbereiche

$

78,2

$

46,2

Abzüglich:  Zugänge zum Sachanlagevermögen

(36,3)

(38,2)

Freier Cashflow

$

41,9

$

8,0

Plus:

Betriebliche Akquisitions- und Integrationskosten

3,1

4,6

Anpassung des Working Capital – Refresco Konzentrat-Liefervertrag (a)

2,6

Zusätzliche Erlöse aus dem Primo-Rahmenvertrag (b)

7,9

Bereinigter freier Cashflow

$

55,5

$

12,6

Neun Monate zum

29. September 2018

30. September 2017

Mittelzufluss aus laufender Geschäftstätigkeit der fortgeführten Geschäftsbereiche

$

146,1

$

138,7

Abzüglich:  Zugänge zum Sachanlagevermögen

(95,0)

(97,1)

Freier Cashflow

$

51,1

$

41,6

Plus:

Betriebliche Akquisitions- und Integrationskosten

12,5

16,9

Anpassung des Working Capital – Refresco Konzentrat-Liefervertrag (a)

13,7

Zusätzliche Erlöse aus dem Primo-Rahmenvertrag (b)

7,9

Bereinigter freier Cashflow

$

85,2

$

58,5

(a) Erhöhung des Working Capital verbunden mit dem Konzentrat-Liefervertrag mit Refresco im Zusammenhang mit der Transaktion.

(b) Das Unternehmen erhielt Optionsscheine im Zusammenhang mit unserem Betriebsvertrag 2014 mit der Primo Water Corporation.

COTT CORPORATION UND BERICHTSSEGMENT KAFFEE, TEE UND EXTRAKTLÖSUNGEN

ANLAGE 8

ERGÄNZENDE INFORMATIONEN – NICHT-GAAP-KONFORM – AUFTEILUNG DER UMSÄTZE

(in Millionen US-Dollar)

Ungeprüft

Cott (a)

Kaffee, Tee und Extraktlösungen

Drei Monate zum

Drei Monate zum

29. September
2018

30. September
2017

29. September
2018

30. September
2017

Umsätze, netto

$

609,3

$

580,9

$

140,2

$

143,4

Umsatzveränderung

$

28,4

$

(3,2)

Umsatzveränderung in Prozent

4,9 %

(2,2) %

Wechselkurseffekte (b)

$

3,0

$

Auswirkungen der Änderung der durchschnittlichen Kosten für Rohkaffee (c)

$

4,3

$

4,3

Veränderung ohne Wechselkurseffekte und Auswirkungen der Änderung der durchschnittlichen Kosten für Rohkaffee

$

35,7

$

1,1

Prozentuale Umsatzveränderung ohne Wechselkurseffekte und Auswirkungen der Änderung der durchschnittlichen Kosten für Rohkaffee

6,1 %

0,8 %

(a) Cott erfasst die folgenden Berichtssegmente: Route Based Services, Kaffee, Tee und Extraktlösungen und Alle Sonstigen.

(b) Wechselkurseffekte sind die Differenz zwischen dem Umsatz des aktuellen Berichtszeitraums, der unter Verwendung der durchschnittlichen Wechselkurse des aktuellen Berichtszeitraums umgerechnet wird, und dem Umsatz des aktuellen Berichtszeitraums, der unter Verwendung der durchschnittlichen Wechselkurse des vorherigen Berichtszeitraums umgerechnet wird.

(c) Die Auswirkungen der Änderung der durchschnittlichen Kosten für Rohkaffee stellen die Differenz zwischen den durchschnittlichen Kosten pro Pfund Rohkaffee im laufenden Berichtszeitraum und den durchschnittlichen Kosten pro Pfund Rohkaffee in des vorigen Berichtszeitraums dar, multipliziert mit den im laufenden Berichtszeitraum verkauften Pfund Kaffee.

Jarrod Langhans, Investor Relations, Tel: (813) 313-1732, [email protected]


Source link