UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 16, 2008
Hansen Natural Corporation
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
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| 0-18761 |
39-1679918 |
| (Commission File Number) |
(IRS Employer Identification No.) |
550 Monica Circle Suite 201
Corona, California 92880
(Address of principal executive offices and zip code)
(951) 739 - 6200
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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o |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 7.01. Regulation FD Disclosure
On December 16, 2008 the Chairman and Chief Executive Officer and Vice Chairman and Chief Financial Officer of the Company will deliver a Mid-Quarter Update presentation at the NASDAQ Market Site, New York. A copy of the slides that will be used in the presentation are furnished as Exhibit 99.1 hereto.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
The following exhibit is furnished herewith:
Exhibit 99.1 Presentation.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Hansen Natural Corporation
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Date: December 16, 2008 |
/s/ Hilton H. Schlosberg |
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Hilton H. Schlosberg
Vice Chairman of the Board of Directors,
President and Chief Financial Officer
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Safe Harbor Statement
Certain oral and written statements in this presentation and in response to questions are
forward-looking statements for purposes of the safe harbor provisions of The Private Securities
Litigation Reform Act of 1995, including statements in connection with or related to any
discussion of or reference to our future operations, opportunities or financial performance.
Management cautions that these statements are based on management’s current knowledge
and expectations and are subject to certain risks and uncertainties, many of which are outside of
the control of the Company that could cause actual results and events to differ materially from
the statements made herein. Such risks and uncertainties include, but are not limited to, the
following: actual performance of the parties under the new distribution agreements; potential
disruptions arising out of the transition of certain territories to new distributors; changes in sales
levels by existing distributors; unanticipated costs incurred in connection with the termination of
existing distribution agreements or the transition to new distributors; changes in consumer
preferences; changes in demand due to economic conditions; activities and strategies of
competitors, including the introduction of new products and competitive pricing and/or marketing
of similar products; changes in the price and/or availability of raw materials; other supply issues,
including the availability of products and/or suitable production facilities; product distribution and
placement decisions by retailers; political, legislative or other governmental actions or events in
one or more regions in which we operate. For a more detailed discussion of these and other
risks please see the Company’s reports filed with the Securities and Exchange Commission
including our annual report on Form 10K filed on February 29, 2008 and our most recent
Quarterly Reports on Form 10-Q, including the sections contained therein titled “Risk Factors”
and “Forward Looking Statements,” for discussion on specific risks and uncertainties that may
affect our performance. The Company assumes no obligation to update any forward-looking
statements, whether as a result of new information, future events or otherwise.
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Safe Harbor Statement
Certain oral and written statements in this presentation and in response to questions are
forward-looking statements for purposes of the safe harbor provisions of The Private Securities
Litigation Reform Act of 1995, including statements in connection with or related to any
discussion of or reference to our future operations, opportunities or financial performance.
Management cautions that these statements are based on management’s current knowledge
and expectations and are subject to certain risks and uncertainties, many of which are outside of
the control of the Company that could cause actual results and events to differ materially from
the statements made herein. Such risks and uncertainties include, but are not limited to, the
following: actual performance of the parties under the new distribution agreements; potential
disruptions arising out of the transition of certain territories to new distributors; changes in sales
levels by existing distributors; unanticipated costs incurred in connection with the termination of
existing distribution agreements or the transition to new distributors; changes in consumer
preferences; changes in demand due to economic conditions; activities and strategies of
competitors, including the introduction of new products and competitive pricing and/or marketing
of similar products; changes in the price and/or availability of raw materials; other supply issues,
including the availability of products and/or suitable production facilities; product distribution and
placement decisions by retailers; political, legislative or other governmental actions or events in
one or more regions in which we operate. For a more detailed discussion of these and other
risks please see the Company’s reports filed with the Securities and Exchange Commission
including our annual report on Form 10K filed on February 29, 2008 and our most recent
Quarterly Reports on Form 10-Q, including the sections contained therein titled “Risk Factors”
and “Forward Looking Statements,” for discussion on specific risks and uncertainties that may
affect our performance. The Company assumes no obligation to update any forward-looking
statements, whether as a result of new information, future events or otherwise.
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Unleash the Beast
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2008 Key Accomplishments
Launched Monster in UK, Ireland, Sweden, and Spain
Launched Monster Hitman Energy shooters (additional Java SKU’s and
Monster Mixxd launched in December 2007/1st quarter 2008)
Monster became #1 in unit sales in the convenience channel and
continues to make progress in the on-premise channel
Launched additional lines in the warehouse division
Increased market share
Developed new distribution partnership with Coca-Cola system to
complement the already existing Anheuser Busch distribution
partnership
Posted solid financial results, with strong foundation for growth in 2009
and beyond
Announced $200 million stock buyback program
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Strength and Growth Opportunities
Energy market outperforms other beverage markets even in slow
economic environment
Premiere product distribution partnerships
Solid financial performance and strong balance sheet
Multiple international opportunities for continued growth
Source: AC Nielsen Total US CTMM Expansion – 13 wks ending 11/22/08
Total US Convenience Channel Units
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Source: AC Nielsen Total US CTMM Expansion – 4 wks ending 11/22/08
Total US Convenience Channel
#1
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Ramping Up International Markets
Gross sales outside of U.S. have almost doubled thus far in 2008 to $79.4
million for the nine-months ended September 30 vs. $40.4 million for the
same period last year
Currently Selling
United States
Canada
Mexico
Caribbean
Central America
United Kingdom
Ireland
Sweden
Spain
South Africa
Other
Coming Soon (in no particular order)
New Zealand
Australia
France
Luxemburg
Netherlands/Holland
Belgium
South America
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New Products
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New Products
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Sponsorships
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Activating at Retail
Consumer Promotions
Utilizing key sponsorships for programs that drive Retail Sales
Point of Sale in 30,000 Gas and Convenience stores
Acts as in-store advertising hitting our key demographic, young males
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Financial Performance
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Solid Financial Results
15 consecutive years of increased sales since acquisition
of the Hansen’s beverage business in 1992
Achieved $1 billion in gross sales in 2007
Net sales for first nine months of 2008 increased to $779.4
million, up 18.5%
Reported operating income for first nine months of 2008
increased to $202.8 million, up 21.7%
Net income for first nine months of 2008 increased to
$131.5 million, up 26.1%
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$110.4
Net Sales ($ in millions)
9-mos ended 9/30/08
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Reported Operating Income ($ in millions)
$33.9
9-mos ended 9/30/08
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*Adjusted Operating Income ($ in millions)
*as adjusted for expenditures attributable to the costs associated
with terminating existing distributors and for professional service
fees, net of insurance reimbursements, in connection with the
Company’s special investigation of stock option grants and granting
practices, related litigation and other related matters
Non-GAAP
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Reported Net Income ($ in millions)
9-mos ended 9/30/08
$
5
.
9
$
2
0
.
4
$
6
2
.
8
$
9
7
.
9
$
1
4
9
.
4
$
1
3
1
.
5
2
0
0
3
2
0
0
4
2
0
0
5
2
0
0
6
2
0
0
7
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Balance Sheet Highlights (09.30.08)
($ in millions)
September 30, 2008
December 31, 2007
Percentage Change
Cash and cash equivalents
$256.4
$12.4
1968%
Investments:
Short-term investments
$14.8
$63.1
Long-term investments
$109.5
$227.1
Total investments
$124.3
$290.2
-57%
Total cash and investments
$380.7
$302.6
26%
Accounts receivable, net
$73.0
$81.5
-10%
Inventories
$110.5
$98.1
13%
Current liabilities
$88.4
$82.9
7%
Deferred revenue
$37.7
$39.6
-5%
Total stockholders' equity
$514.1
$422.2
22%
COKE SYSTEM
AB SYSTEM
INDEPENDENTS
North America Distributor Alignment
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