Embotelladora Andina SA · BCS:ANDINA_A
Embotelladora Andina SA — Q2 2022 Earnings Presentation
28 slides from Embotelladora Andina SA's earnings presentation, 2022
Slide 1: Corporate Presentation 2Q22
Agenda Page CORPORATE PRESENTATION 2Q22 [CLIENT NAME]
Slide 2: 1. Company Description
1. Company Description Agenda Page [CLIENT NAME]
Slide 3: History
History Merger with KO Polar (incorporation of new Coca‐Cola System territories in During April we Agreement Agreement Andina listed joint venture Argentina, Chile & began distributing for to Andina on the NYSE. (50/50) for the Paraguay). AdeS products, distributing commercialize becomes the Franchi
Slide 4: A regional and diversified platform (FY21)
A regional and diversified platform (FY21) Volume Revenues Adjusted EBITDA 8% 8% 14% 37% 22% 22% 45% 44% 19% 32% 25% 828 MM UCs US$2,848 MM 24% US$512 MM Chile Brazil Territories: Antofagasta, Atacama, Coquimbo, Territories: majority of the State of Rio de Metropolitan Region, San Antonio, Cacha
Slide 5: Ownership (As of June 30, 2022)
Ownership (As of June 30, 2022) Controlling Group 38.0% 55.3% 20.7% Series A Series B Others 45.0% Coca‐Cola 7.3% ADRs 3.0% Chilean Pension Funds 6.7% The Controlling Group is composed of 4 Chilean families with equal parts, that have a shareholders’ agreement which includes TCCC. Series A elects 12
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 26 lines ◦ Average utilization ranged from ◦ Average utilization range from 18.0% to 43.0% 49.0% to 58.0% 47 distribution centers 21 dis
Slide 7: Committed to Sustainable Development Key Indicators
Committed to Sustainable Development Sustainable development goals are integrated into our business strategy Key Indicators • Kilocalories sold every 200 ml. • Percentage of sales of reduced or sugar free categories. • Water ratio (WUR): Liters of wáter consumed per liter of beverage produced • Sale
Slide 8: Committed to Sustainable Development
Committed to Sustainable Development Sustainable development goals are integrated into our business strategy Commitments 1.86 35.1% 0.309 13.9% 57.52 Results Generating Social, Economic and Environmental Value in all of our actions Source: Company filings and public releases 7
Slide 9: 2. Market Description
2. Market Description Agenda Page [CLIENT NAME]
Slide 10: Coca-Cola Andina at a glance: Market Structure
Coca‐Cola Andina at a glance: Market Structure (As of December 31, 2021) Market Share Channel Mix Per capita 10% Consumption 63% 40% (8 oz. bottles) 252 46% 23% 39% 27% 37 28 26 On premise Wholesalers Soft Drinks Waters Juice and Beer and Soft drinks Waters Juices and Others Supermarkets Mom and Pop
Slide 11: Market Structure (As of December 31, 2021)
Market Structure (As of December 31, 2021) Per capita Product Mix Market Share Per capita Product Mix Market Share Consumption 7% Consumption 8% 8% 60% (8 oz. bottles) 8% 62% (8 oz. bottles) 271 53% 7% 48% 204 25% 16% 24 23 85% 18 18 22 77% Soft drinks Waters Juices and Others Soft Drinks Waters Jui
Slide 12: Diversified brand portfolio across segments and geographies
Diversified brand portfolio across segments and geographies (As of June 30, 2022) 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 Diageo
Slide 13: 3. Financial Highlights
3. Financial Highlights Agenda Page [CLIENT NAME]
Slide 14: 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 +1.2% CAGR +4.5% 828.3 778.9 756.2 750.6 746.4 2,216,733 734.6 1,777,459 1,848,878 1,67
Slide 15: Solid Financial Position
Solid Financial Position Financial Debt1 (CLP$ mm) Financial Debt1 Summary (CLP$ mm) as of June 2022 Short Term Financial Debt Long Term Financial Debt Banks Bonds Total Ch$mm 32,715 880,831 913,547 865,286 913,547 % 3.6% 96.4% 100% 793,110 Note: Banks includes Bank, Leasing & Others, doesn´t consid
Slide 16: Solid Financial Position
Solid Financial Position Financial Ratios (I) Financial Ratios (II) Financial Debt / Equity Ratio (1) Net Financial Debt (2) / Equity Ratio Net Financial Debt (2) / Adj. EBITDA (3) Debt Coverage Ratio (4) 6.0 1.0 14.1 15.0 0.9 0.8 0.8 0.8 12.0 0.7 0.7 4.0 9.6 8.4 8.5 8.9 8.2 8.2 9.0 0.6 0.6 0.6 0.5
Slide 17: Consolidated Financial Highlights (Billion CLP$)
Consolidated Financial Highlights (Billion CLP$) 2016 2017 2018 20191 2020 20213 1Q212 1Q22 2Q212 2Q22 Total Volume (million UCs) 779 756 751 746 735 828 212 228 178 193 Net Sales 1,777 1,849 1,673 1,779 1,698 2,217 509 624 442 592 Operating Income 214 239 225 238 240 292 79 95 45 64 Operating Margi
Slide 18: Consolidated Financial Highlights (Million US$)
Consolidated Financial Highlights (Million US$) 2016 2017 2018 20191 2020 20213 1Q212 1Q22 2Q212 2Q22 Total Volume (million UCs) 779 756 751 746 735 828 212 228 178 193 Net Sales 2,627 2,848 2,569 2,495 2,190 2,848 703 777 615 684 Operating Income 316 368 348 335 306 378 109 119 63 74 Operating Marg
Slide 19: Consolidated Balance Sheet (as of June 30, 2022)
Consolidated Balance Sheet (as of June 30, 2022, in million US$ and million CLP$) Million US$: Assets Liabilities and Equity Cash + Time Deposits + Market. Securit. 368 Current Financial Liabilities 60 Current Assets 577 Other Current Liabilities 469 Non current Assets + Others 2,106 Non-Current Fin
Slide 20: Dividends and Market Cap (as of June 30, 2022)
Dividends and Market Cap (as of June 30, 2022) Dividend Distribution1 Market Cap (million CLP$) (billion USD) 3.3 2.6 2.3 1.9 216,670 1.6 99,986 106,347 85,475 85,475 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 Dividend Yield2 2017 2018 2019 2020 2021 Series A 3.3% 3.0% 3.8% 5.4% 6.8% Series B
Slide 21: 4. Strategy
4. Strategy Agenda Page [CLIENT NAME]
Slide 22: Strategic Objectives 2025
Strategic Objectives 2025 1. Growth through our NARTD (KO) Portfolio and by entering new categories leveraging our supply chain and logistics capabilities 2. Efficiency and Productivity Leadership to maintain cost effectiveness in all our operations 3. Implement our Digital Transformation Strategy:
Slide 23: 5. Appendix
5. Appendix Cetbelle NDINA
Slide 24: Argentina: Main Financial Highlights
Argentina: Main Financial Highlights (Local Currency (million)) 2016 2017 2018 2019 2020 2021 1Q21 1Q22 2Q21 2Q22 Sales Volume (million UCs) 219 211 202 178 167 185 50 53 36 44 Net Sales 11,343 14,203 22,441 31,566 37,737 65,297 19,906 21,463 16,780 21,245 Operating Income 1,198 1,588 2,158 2,563 3,
Slide 25: Brazil: Main Financial Highlights
Brazil: Main Financial Highlights (Local Currency (million)) 2016 2017 2018 2019 2020 2021 1Q21 1Q22 2Q21 2Q22 Sales Volume (million UCs) 266 249 249 259 265 266 68 67 63 64 Net Sales 3,037 2,976 3,062 3,467 3,758 3,833 1,033 828 951 894 Operating Income 369 414 448 503 586 491 139 101 98 104 Operat
Slide 26: Chile: Main Financial Highlights
Chile: Main Financial Highlights (Local Currency (million)) 2016 2017 2018 2019 2020 20212 1Q211 1Q22 2Q211 2Q22 Sales Volume (million UCs) 232 231 231 240 236 307 76 88 65 70 Net Sales 540,427 551,873 570,939 608,952 644,762 975,296 229,439 290,997 202,548 238,106 Operating Income 68,879 72,890 82,
Slide 27: Paraguay: Main Financial Highlights
Paraguay: Main Financial Highlights (Local Currency (million)) 2016 2017 2018 2019 2020 2021 1Q21 1Q22 2Q21 2Q22 Sales Volume (million UCs) 62 65 68 69 66 70 18 21 14 15 Net Sales 1,107,678 1,227,001 1,337,989 1,405,584 1,351,909 1,497,924 377,734 458,523 302,532 352,250 Operating Income 199,617 221
Slide 28: Corporate Presentation 2Q22
Agenda Page CORPORATE PRESENTATION 2Q22 [CLIENT NAME]