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Central Missouri State University

Central Missouri State University. Discussion Topics. History of Coca-Cola Development of Coca-Cola Enterprises Products of Coca-Cola Benefit Administration Overview Development of OneSource Benefits Overview 401(k) Plan Review. Did you know.

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Central Missouri State University

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  1. Central Missouri State University

  2. Discussion Topics • History of Coca-Cola • Development of Coca-Cola Enterprises • Products of Coca-Cola • Benefit Administration Overview • Development of OneSource • Benefits Overview • 401(k) Plan Review

  3. Did you know... • One of every three soft drinks consumed in the United States bears the Coca-Cola trademark, and about half of all colas consumed carry the Coke name • During 1886, sales of Coca-Cola averaged nine drinks per day (total, not per person). Most recently, sales of Coca-Cola products were more than 411 million drinks per day (total, not per person) • If all of the Coca-Cola ever produced was in normal bottles placed end-to-end, they would wrap the earth 4,712 times. • If the Coca-Cola vending machines in the US were stacked one on top of another, the pile would be over 450 miles high. • The slogan "Good to the Last Drop" was first used by the Coca-Cola Company in 1908. It later became the slogan for Maxwell House coffee. • Coca-Cola is available in more than 185 countries and asked for in more than 80 languages. • CCE produces 3.2 billion cases of Coke products each year.

  4. Important People in Coca-Cola’s History

  5. John Pemberton

  6. Frank Robinson

  7. Benjamin Thomas & Joseph Whitehead

  8. Designers

  9. Important Dates • 1886- John Pemberton created Coca-Cola Syrup • 1888- Coca-Cola Company purchased for $2,300 by Asa Candler • 1901- First bottling franchise formed • 1915- Contour bottle developed • 1919- The Coca-Cola Company was sold for $25MM • 1921- Over 1,000 bottling plants now in existence • 1959- 12 ounce can introduced • 1960’s TAB, Fresca and Sprite introduced • 1970’s Bulk syrup tanks introduced

  10. Important Dates • 1982- Diet Coke introduced • 1983- New caffeine free versions introduced • 1985- Introduction of the new Coke- Months later, Coca-Cola Classic was RE-introduced • Late 1980’s - Number of independent Coca-Cola franchise ownerships in the U.S. down to 180 • Late 1980’s - Minute Maid Soda introduced • 1994 - Nationwide introduction of POWERADE • Late 1990’s - Fewer than 120 Coca-Cola bottlers exist in the U.S.

  11. The Development of

  12. History of CCE • 1970- Bottling franchise ownership began to consolidate • 1986- Lupton franchises and BCI Holding Corporation’s bottling holdings merged to form Coca-Cola Enterprises

  13. History of CCE • November 21, 1986- Coca-Cola Enterprises offered stock to the public under the NYSE symbol “CCE”

  14. History of CCE • 1991- CCE merged with Johnston Coca-Cola

  15. History of CCE • 1993- CCE Expanded into the Netherlands, and smaller sales centers • 1996- CCE made more acquisitions in the Southeast and Midwest U.S., Belgium, and France. CCE began acquisitions in England, Scotland, and Wales

  16. History of CCE • 1997- CCE acquired Coke New York, Coke Southwest, and Canadian territories • 2001- CCE acquired the Herb Group Coca-Cola Bottling Company

  17. History of CCE

  18. CCE North American Divisions

  19. North American Facilities

  20. Products of Coca-Cola Products of Other Companies Distributed by CCE in North America Top Five BrandsCoca-Cola classicdiet Coke Spritecaffeine free diet CokeDasani Barq's root beer and other flavorscaffeine free Coca-Cola classic Cherry Coke C2 Dannon Water diet Cherry Coke diet Coke with lemon diet Coke with Limediet Vanilla CokeEvian FantaFrescaFruitopia Hi-C fruit drinksKMXMad RiverManzana MiaMello YelloMinute Maid juices and juice drinksMinute Maid Lemonade and Fruit PunchMinute Maid and diet Minute Maid soft drinks Pibb X-traPOWERadeRed Flash Sprite Remix TABVanilla Coke Sprite Zero A&W Canada DryDr PepperDr Pepper - Red Fusiondiet Dr Pepper EAS Mendota NesteaCool From Nestea diet Nestea Odwalla Schweppes SeagramsSimply Orange

  21. Products of Coca-Cola

  22. The Coca-Cola Company • Manufacture concentrate • Develop advertising • Provide market support • Combine concentrate with sweetener and • carbonated water • Purchase packaging materials • Produce quality product in can/bottle • Establish wholesale pricing • Lend marketing support to retailer • Distribute and merchandise the product • Establish retail pricing - advertised specials • Partners in promotional programs • Develop and manage consumer focused • marketing strategies • Allocate retail shelf and display space Retailer (Customer) Consumer • Purchase and enjoy the product!

  23. Benefits Administration Overview

  24. Benefits Administration • Benefits Overview • CCE spends in excess of $350M annually to provide health and welfare and disability benefits to its employees. • Prior to January 1, 2004 • Decentralized administration, 20 plus divisions / 400 plus sales locations • Approximately 168 FTEs deliver decentralized benefits services • No integration of disability leaves (WC, STD, LTD) to manage cost • Non-bargaining employees benefits administered electronically • Bargaining and Retiree benefits administered manually (i.e. paper enrollments, no data feeds to carriers)

  25. Benefits Administration • Recommendation • Consolidate Benefits Administration, create Service Center • Develop Benefits Administration System for all employees • Outsource STD, LTD and FML Administration • Create Knowledge Base of Benefit Plans • Project provides 10 year cash flow having a net present value of $20 million and an Internal Rate of Return of 90%

  26. OneSource Service Center Overview

  27. OneSource Service Center From the Beginning • OneSource opened for business on January 2, 2004 • We opened with: • 1 Service Center Manager • 1 Supervisor • 1 Training & Communication Specialist • 1 Administrative Assistant • 8 Case Managers (Tier 2) • 19 Customer Service Representatives (Tier 1)

  28. OneSource Service Center Types of Requests • New Hire/Newly Eligible Elections • Annual Enrollment/Contract Negotiations • Family Status Changes • Educational Assistance Requests and Reimbursements • Adoption Assistance • Pension Requests • Medigap Reimbursements • Life Insurance Claims • Payroll Deduction Questions • Employee Web Assistance • Eligibility Issues • Plan Inquiries

  29. OneSource Service Center January ~ August Metrics • Total Calls Answered 84,334 • % Answered w/in 30 Sec 71% • Average Call Time 390 seconds • % handled at First Point 85.10% • Total Employees who have used the web at least once 23,100 • Total Fulfillment Processed 24,000

  30. Types of Employee Benefits Overview

  31. Benefits Overview • Core Benefits (Company Paid) • Life Insurance • Long-term Disability (LTD) • Pre-Tax Benefits (Optional) • Medical, Vision and Prescription Drug • Dental • After-Tax Benefits (Optional): • Supplemental Life Insurance • Dependent Life Insurance • Employee Assistance Program (EAP) • Manage Your Health (wellness program) • Healthcare Reimbursement Account • Dependent Care Reimbursement Account • Supplemental LTD Insurance • Supplemental AD&D Insurance

  32. Manage Your Health Health Programs Online Resources Health Publications The Manage Your Health Components NurseLine/ Health Info Library Specialty Health Management Taking Care Newsletter Coca-Cola Enterprises NextSteps® Health Coaching Taking Care Reference Book CCEOneSource.com MatriaCares.com/CCE Health Assessment Live Nurse Chat healthforums.com

  33. Other Employee Programs • Defined Benefit Pension Plan • Defined Contribution Plan • Deferred Compensation Plan • Retiree Medical • Retiree Life • Educational Assistance • Adoption Assistance • Employee Stock Purchase Plan • Vacation • Paid Holidays • Personal Leaves • Sick Pay

  34. 401(k) Plan Overview Matched Employee Savings and Investment Plan (MESIP)

  35. MESIP • Company Matching Contributions • Save automatically • Pay less taxes now • Tax-deferred advantage • Portability

  36. MESIP • Saving on pre-tax basis, • Earnings grow tax-sheltered • Contributions can be either pre-tax or after-tax • Up to 30% pre-taxed • Pre-tax contributions are limited to a maximum of $14,000 in 2005. • Up to 10% after-tax

  37. What will it cost? IT ISN’T CHEAP 2003 Cup of coffee $1.25 Postage stamp $0.37 Gallon of gas $1.40 Movie ticket $8.50 Mid-priced car $25,800 Mid-priced home $171,667 2033 $3.03 $0.90 $3.40 $20.63 $62,623 $416,681 1973 $0.10 $0.08 $0.40 $1.65 $10,346 $27,159 Sources: Specialty Coffee Association of America; U.S. Postal Service; WEXIndex®; National Association of Theatre Owners; National Automotive Dealers Association; American Housing Survey. Data reflect prices from these sources as of 2003. Assumes a 3% rate of inflation.

  38. Bottom line: You will be investing $6.00 more each week, but it will only cost you $4.00 INVEST 3% BEFORE-TAX INVEST 4% BEFORE-TAX It costs less than you might think DIFFERENCE The result depends on your tax bracket and how much you save in your Plan account. In the example above, the example assumes the standard withholding for a single filer in the 25% tax bracket making $30,000 per year in 2004. Exemptions, itemized deductions, and state taxes are not reflected in this example.

  39. Tax-deferred advantage * Before-tax savings assumes a hypothetical investment of $150 a month invested before-tax with annual returns of 8% compounded monthly with earnings reinvested. After-tax savings assumes a $150 investment taxed at a 25% federal rate for a hypothetical investment of $112.50 per month after-tax with annual returns of 8% compounded monthly with earnings reinvested. Capital gains, exemptions, deductions, and local taxes are not reflected. After-tax returns are subject to a capital gains tax, which was reduced in 2003 and would make the investment return for the taxable investment more favorable. Investors should consider the personal investment horizon and income tax brackets, both current and anticipated when making an investment decision, these may further impact the results of the comparison. The return is shown for illustrative purposes only and is not intended to predict the return of any investment in your plan, which will fluctuate. Regular investing does not ensure a profit or protect against loss in declining markets. Withdrawals are subject to income tax, and those made before age 59½ may be subject to an additional 10% tax.

  40. GROWTH BLEND VALUE INCOME CAPITAL PRESERVATION Fund styles* Higher risk/higher potential reward Lower risk/lower potential reward * Styles are ranked according to market and credit risk. Market risk measures how sensitive a fund may be to economic and market changes. Market risk is generally higher for funds that invest heavily in stocks. Credit risk measures how susceptible a fund’s income holdings may be to the nonpayment of principal or interest by the issuer. Because blend funds have the flexibility to invest in both growth and value stocks in varying proportions, at any given time they may have a higher or lower risk/reward profile than value funds or growth funds.

  41. Your fund choices Choose from three tiers of funds TIER 1 LifePath portfolios Single-fund solutions to asset allocation TIER 2 Core funds Your Plan’s basic fund lineup TIER 3 Sector funds Additional specialized funds Current prospectuses or offering statements for your new fund options were sent to you in a previous mailing. Review them carefully before making any investment decisions.

  42. LifePath portfolio lineup LifePath portfolios are designed to be used as a single-fund solution to asset allocation • Barclays LifePath 2040 • Barclays LifePath 2030 • Barclays LifePath 2020 • Barclays LifePath 2010 • Barclays LifePath Retirement Fund Higher risk/longer targeted investment period Lower risk/shorter targeted investment period

  43. Tier 2 and Tier 3 fund lineup Your six sector funds typically concentrate their investments in one region or industry and involve more risk than funds that invest broadly Higher risk/higher potential reward • Coca-Cola Enterprises Stock Fund (nondiversified fund) • 50/50 Fund (nondiversified fund) • Putnam OTC & Emerging Growth Fund • MSIF Small Company Growth Portfolio • Putnam Capital Opportunities Fund • Putnam Vista Fund • INVESCO Energy Fund (sector fund) • Putnam International Capital Opportunities Fund • Putnam Mid Cap Value Fund • Putnam Research Fund • Janus Adviser Worldwide Fund • Putnam Investors Fund • MSIF Equity Growth Portfolio • American Century International Growth Fund (continued on following slide)

  44. Tier 2 and Tier 3 fund lineup (continued) • Putnam International Equity Fund • Putnam S&P 500 Index Fund • Putnam International Growth and Income Fund • Templeton Growth Fund, Inc. • Barclay’s Global Investors MSCI World Equity Index Fund ex-US • STI Classic Small Cap Value Equity Fund • The Putnam Fund for Growth and Income • Putnam Health Sciences Trust (sector fund) • Van Kampen Utility Fund (sector fund) • Oppenheimer Quest Global Value Fund, Inc. • MSIF U.S. Real Estate Portfolio (sector fund) • Putnam Asset Allocation: Balanced Portfolio • PIMCO High Yield Fund (sector fund) • Putnam Bond Index Fund • PRIMCO Stable Value Fund Lower risk/lower potential reward

  45. Questions

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