The ‘2020 Vision and Roadmap for Winning Together’ builds upon the Company’s mission to refresh the world and inspire moments of optimism and happiness, while creating value for shareowners and making a difference across the globe.
During today’s session, the Company will discuss a number of key goals as part of its ‘2020 Vision and Roadmap for Winning Together’ based on the “6 Core P’s” of its vision:
-Profit: More than double system revenue by 2020 while increasing system margins
-People: Be a great place to work
-Portfolio: More than double servings to over three billion a day by 2020 and be #1 in the nonalcoholic ready-to-drink business in every market and every category that is of value to us
-Partners: Be the most preferred and trusted beverage partner
-Planet: Be the global leader in sustainable water use and industry leadership in packaging, energy and climate protection
-Productivity: Manage people, time and money for the greatest effectiveness
“We worked with our bottling partners to create a 2020 Vision that is designed for action and guided by goals that will stretch us and enable us to continue to grow our business,” said Muhtar Kent, chairman and chief executive officer, The Coca-Cola Company. “Working hand-in-hand with our great bottling partners, we are building a unified and aligned system equipped for long-term sustainable growth. With this roadmap as our guide, I am confident that we will usher in a new era of winning for the Coca-Cola system.”
Mr. Kent continued, “We know that winning in 2020 and beyond is going to require new capabilities, new models and new innovations. We are laser-focused on targeting the right consumers with fully integrated global marketing campaigns that work on many levels, across many geographies and cultures, and leverage a rich variety of media and channels. To target aging and affluent consumers globally, we are actively exploring new ingredients, new functionality and new occasions. At the same time, we are creating new strategies that are winning over a massive new generation of teens to drive growth of Trademark Coca-Cola.”
Chief Financial Officer Gary Fayard commented, “The fundamentals of our business remain strong as we continue to gain market share globally and in key markets, expand our margins, and generate tremendous cash flows. Importantly, we are continuing to invest in the brands and capabilities to position us to build on the results we have delivered in recent years. We are confident that our 2020 Vision is achievable because our proven brand and operational strategies are flexible, our system and our Company are providing unmatched scale and reach, and our operations continue to generate strong and steady cash flows. We have a track record of returning cash to shareowners and diligently investing back into the business for profitable growth.”
As previously announced, the event is being webcast live from approximately 3 p.m. to 6 p.m. (EST) on Monday, Nov. 16 and will also be webcast from approximately 8:30 a.m. to 5 p.m. (EST) on Tuesday, Nov. 17. The Company invites investors, media and consumers to view the live webcast at its Web site, www.thecoca-colacompany.com . An audio replay in downloadable MP3 format will also be available within 24 hours after the event on the Company’s Web site.
The Coca-Cola Company
The Coca-Cola Company is the world’s largest beverage company, refreshing consumers with nearly 500 sparkling and still brands. Along with Coca-Cola®, recognized as the world’s most valuable brand, the Company’s portfolio includes 12 other billion dollar brands, including Diet Coke®, Fanta®, Sprite®, Coca-Cola Zero®, vitaminwater, POWERADE®, Minute Maid® and Georgia® Coffee. Globally, we are the No. 1 provider of sparkling beverages, juices and juice drinks and ready-to-drink teas and coffees. Through the world’s largest beverage distribution system, consumers in more than 200 countries enjoy the Company’s beverages at a rate of nearly 1.6 billion servings a day. With an enduring commitment to building sustainable communities, our Company is focused on initiatives that protect the environment, conserve resources and enhance the economic development of the communities where we operate. For more information about our Company, please visit our website at www.thecoca-colacompany.com.