Embotelladora Andina SA · BCS:ANDINA_A

Embotelladora Andina SA — Q4 2020 Earnings Presentation

27 slides from Embotelladora Andina SA's earnings presentation, 2021

  1. Slide 1: Corporate Presentation 4Q 20

    Agenda Page Corporate Presentation 4Q 20 [CLIENT NAME]

  2. Slide 2: 1. Company Description

    1. Company Description Agenda Page [CLIENT NAME]

  3. Slide 3: History

    History Merger with KO Polar (incorporation of new Coca‐Cola System During April we Agreement Andina Andina listed on territories in joint venture (50/50) began distributing for becomes the the NYSE. TCCC acquires Argentina, Chile & for the water and AdeS products, distributing Coca‐Cola Franchise 1

  4. Slide 4: A regional and diversified platform (FY20)

    A regional and diversified platform (FY20) Volume Revenues Adjusted EBITDA 9% 9% 14% 32% 37% 39% 23% 20% 15% 36% 33% 32% 735 MM UCs US$2,190 MM US$450 MM Chile Brazil  Territories: Antofagasta, Atacama, Coquimbo,  Territories: majority of the State of Rio de Metropolitan Region, San Antonio, Cacha

  5. Slide 5: Ownership (As of December 31, 2020)

    Ownership (As of December 31, 2020) Controlling Group 38.1% 55.4% 20.7% Series A Series B Others 43.9% Coca‐Cola 7.3% ADRs 1.7% Chilean Pension Funds 9.1% The Controlling Group is composed of 4 Chilean families with equal parts, that have a shareholders’ agreement which includes TCCC. Series A elect

  6. Slide 6: Superior manufacturing and logistics capabilities

    Superior manufacturing and logistics capabilities Argentina Brazil  3 production facilities with a total  3 production facilities with a total of 22 lines of 27 lines ◦ Average utilization ranged from ◦ Average utilization range from 15.0% to 39.0% 43.3% to 53.2%  47 distribution centers  20 dis

  7. Slide 7: Committed to Sustainable Development

    Committed to Sustainable Development Generating Social, Economic and Environmental Value in all of our actions Source: Company filings and public releases 6

  8. Slide 8: 2. Market Description

    2. Market Description Agenda Page [CLIENT NAME]

  9. Slide 9: Coca-Cola Andina at a glance: Market Structure

    Coca‐Cola Andina at a glance: Market Structure (As of December 31, 2020) Market Share Channel Mix Per capita 9% Consumption 64% 41% (8 oz. bottles) 244 45% 24% 36% 26% 31 22 13 On premise Wholesalers Soft Drinks Waters Juice and Beer and Soft drinks Waters Juices and Others Supermarkets Mom and Pops

  10. Slide 10: Market Structure (As of December 31, 2020)

    Market Structure (As of December 31, 2020) Per capita Product Mix Market Share Per capita Product Mix Market Share Consumption 6% Consumption 9% 7% 7% 61% (8 oz. bottles) 62% (8 oz. bottles) 51% 210 7% 45% 250 17% 20% 19 16 87% 18 17 23 78% Soft drinks Waters Juices and Others Soft Drinks Waters Jui

  11. Slide 11: Diversified brand portfolio across segments and geographies

    Diversified brand portfolio across segments and geographies (As of December 31, 2020) Argentina Brazil Chile Paraguay SSDs1 Juices and other NCBs1 Water Beer Spirit Beverages2 Source: Company filings and public releases 1 SSDs: Sparkling Soft Drinks; NCBs: Non‐Carbonated Beverages 2 The complete Dia

  12. Slide 12: 3. Financial Highlights

    3. Financial Highlights Agenda Page [CLIENT NAME]

  13. Slide 13: Track record of profitability, Adjusted EBITDA growth, diversification and cash generation

    Track record of profitability, Adjusted EBITDA growth, diversification and strong cash generation Sales volume (million UCs) Revenues (CLP$ mm) Argentina Brazil Chile Paraguay Argentina Brazil Chile Paraguay CAGR ‐2.2% 819.9 1,877,394 1,777,459 1,848,878 1,672,916 1,779,025 1,698,281 778.9 756.2 750

  14. Slide 14: Solid Financial Position

    Solid Financial Position Financial Debt1 (CLP$ mm) Financial Debt Summary (CLP$ mm) as of December 2020 Short Term Financial Debt Long Term Financial Debt Banks Bonds Total Ch$mm 25,857 937,626 963,483 963,483 % 2.7% 97.3% 100% 811,270 772,925 729,899 760,305 772,383 Note: Banks includes: Bank, Leas

  15. Slide 15: Solid Financial Position

    Solid Financial Position Financial Ratios (I) Financial Ratios (II) Net Financial Debt / Adj. EBITDA (3) Financial Debt / Equity Ratio (1) Net Financial Debt (2) / Equity Ratio Net Financial Debt / Adj. EBITDA (w/o MtM CCS) (4) 9.6 10,0 Debt Coverage Ratio (5) 8.9 7.6 7.9 1.2 6.9 8,0 1.0 6.3 0.9 0.9

  16. Slide 16: Consolidated Financial Highlights (Billion CLP$)

    Consolidated Financial Highlights (Billion CLP$) 2015 2016 2017 2018 2019* 2020 1Q19 1Q20 2Q19 2Q20 3Q19 3Q20 4Q19* 4Q20 Total Volume (million UCs) 820 779 756 751 746 735 198 198 161 137 173 171 215 228 Net Sales 1,877 1,777 1,849 1,673 1,779 1,698 447 505 380 312 406 394 526 524 Operating Income 2

  17. Slide 17: Consolidated Financial Highlights (Million US$)

    Consolidated Financial Highlights (Million US$) 2015 2016 2017 2018 2019* 2020 1Q19 1Q20 2Q19 2Q20 3Q19 3Q20 4Q19* 4Q20 Total Volume (million UCs) 820 779 756 751 746 735 198 198 161 137 173 171 215 228 Net Sales 2,868 2,627 2,848 2,569 2,495 2,190 668 619 556 380 572 504 697 699 Operating Income 32

  18. Slide 18: Consolidated Balance Sheet (as of December 31, 2020)

    Consolidated Balance Sheet (as of December 31, 2020, in million US$ and million CLP$) Million US$: Assets Liabilities and Equity Cash and Cash Equivalents 633 Current Financial Liabilities 54 Current Assets 489 Other Current Liabilities 478 Non current Assets + Others 2,184 Non-Current Financial Lia

  19. Slide 19: Dividends and Market Cap (as of December 31, 2020)

    Dividends and Market Cap (as of December 31, 2020) Dividend Distribution1 Market Cap (million CLP$) (billion USD) 4.2 3.4 3.3 2.6 2.3 99,986 85,475 85,475 75,537 67,586 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 Dividend Yield2 2016 2017 2018 2019 2020 Series A 3.5% 3.3% 3.0% 3.8% 5.4% Series

  20. Slide 20: 4. Strategy

    4. Strategy Agenda Page [CLIENT NAME]

  21. Slide 21: Expansion potential through organic and inorganic growth avenues

    Expansion potential through organic and inorganic growth avenues Organic growth Inorganic growth Superior organic growth within the Key role in the consolidation process & portfolio Coca‐Cola system development for the Coca‐Cola system in Latin America  Growth in SSD business  Portfolio expansion

  22. Slide 22: 5. Appendix

    5. Appendix 21 Cet belg ANDINA

  23. Slide 23: Argentina: Main Financial Highlights (Local Currency)

    Argentina: Main Financial Highlights (Local Currency (million)) 2015 2016 2017 2018 2019 2020 1Q19 1Q20 2Q19 2Q20 3Q19 3Q20 4Q19 4Q20 Sales Volume (million UCs) 234 219 211 202 178 167 49 46 38 29 40 39 51 52 Net Sales 8,903 11,343 14,203 22,441 31,566 37,737 9,336 8,677 7,475 5,180 8,707 7,749 12,5

  24. Slide 24: Brazil: Main Financial Highlights (Local Currency)

    Brazil: Main Financial Highlights (Local Currency (million)) 2015 2016 2017 2018 2019 2020 1Q19 1Q20 2Q19 2Q20 3Q19 3Q20 4Q19 4Q20 Sales Volume (million UCs) 291 266 249 249 259 265 66 67 58 54 62 65 73 79 Net Sales 3,059 3,037 2,976 3,062 3,467 3,758 877 938 754 737 837 943 999 1,139 Operating Inco

  25. Slide 25: Chile: Main Financial Highlights (Local Currency)

    Chile: Main Financial Highlights (Local Currency (million)) 2015 2016 2017 2018 2019 2020 1Q19 1Q20 2Q19 2Q20 3Q19 3Q20 4Q19 4Q20 Sales Volume (million UCs) 234 232 231 231 240 236 65 67 50 41 56 52 69 77 Net Sales 514,733 540,427 551,873 570,939 608,952 644,762 156,876 174,452 132,757 108,890 141,5

  26. Slide 26: Paraguay: Main Financial Highlights (Local Currency)

    Paraguay: Main Financial Highlights (Local Currency (million)) 2015 2016 2017 2018 2019 2020 1Q19 1Q20 2Q19 2Q20 3Q19 3Q20 4Q19 4Q20 Sales Volume (million UCs) 61 62 65 68 69 66 18 18 15 13 16 15 21 21 Net Sales 1,033,215 1,107,678 1,227,001 1,337,989 1,405,584 1,351,909 354,575 375,422 302,109 251,

  27. Slide 27: Corporate Presentation 4Q

    Agenda Page Corporate Presentation 4Q 20 [CLIENT NAME]

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