Embotelladora Andina SA · BCS:ANDINA_A
Embotelladora Andina SA — Coca-Cola Andina — Investor Presentation (March 2025)
35 slides from Embotelladora Andina SA's investor presentation, March 2025
Slide 1: Coca-Cola Andina Corporate Presentation 4Q24
Coca-Cola Andina Corporate Presentation 4Q24 CORPORATE PRESENTATION
Slide 2: Agenda
AGENDA Our Company Market Description Our Strategy What Makes Us Unique? Financial Highlights
Slide 3: Coca-Cola Andina at a Glance (FY 2024)
Our Company Coca-Cola Andina at a Glance (FY 2024) The Company Key Financials ESG Metrics2 LARGEST BOTTLER in Chile and 909 MILLION UNIT CASES (~5,100 Paraguay, 2ND LARGEST in MILLION LITERS) 47.45 KILOCALORIES Coca-Cola Andina Investor Presentation – Swiss Market Argentina and 3RD LARGEST in VOLUME
Slide 4: Andina's History
Our Company Andina’s History Agreement Merger with KO Polar to commercialize Andina listed Coca-Cola System (incorporation of new During April we began Agreement and distribute Andina on the NYSE. joint venture (50/50) territories in Argentina, distributing AdeS for Viña Santa Rita becomes the Franc
Slide 5: Ownership Structure (As of December 31, 2024)
Our Company Ownership Structure (As of December 31, 2024) 7.3% 0.8% 14.7% 55.4% Coca-Cola Andina Corporate Presentation A series Controlling Group 39.2% 21.9% Others 45.7% Coca-Cola 7.3% ADRs 2.7% 2.9% Chilean Pension Funds 5.1% 4.6% 23.0% 5 B series Series A elects 12 of 14 Board members. Series B
Slide 6: Regional & Diversified Platform (FY 2024)
Our Company Regional & Diversified Platform (FY 2024) Volume Revenues Adjusted EBITDA 9% 9% 14% 34% 32% 19% 39% 24% 21% 909 USD$3,371 USD$605 Coca-Cola Andina Corporate Presentation 37% MM UCs 28% MM 33% MM Argentina Brazil • Territories: San Juan, Mendoza, San Luis, Córdoba, most of Santa Fé, Entre
Slide 7: Superior Manufacturing & Logistics Capabilities
Our Company Superior Manufacturing & Logistics Capabilities • 14 bottling plants • 95 distribution centers • 104 lines • 3,076 own & third party trucks Argentina Brazil Coca-Cola Andina Corporate Presentation • 4 bottling plants with a total of 26 lines • 3 bottling plants with a total of 29 lines •
Slide 8: Committed to sustainable development
Our Company Committed to sustainable development Coca-Cola Andina Corporate Presentation 8 Generating Social, Economic and Environmental Value in all our actions Source: Company filings and public releases
Slide 9: Achievements on sustainable development
Our Company Achievements on sustainable development Water ratio (WUR) Returnable packaging (on NARTD) Recycled resin (on Total PET OW) 3.0 50.0% 40.0% 40.0% 30.0% 30.0% 2.0 -16.3% 20.0% 27.7% 20.0% +13.5 pp Coca-Cola Andina Corporate Presentation 10.0% 10.0% 1.0 0.0% 0.0% 2019 2020 2021 2022 2023 20
Slide 10: Achievements on sustainable development
Our Company Achievements on sustainable development Diversity: % Women1 Kilocalories sold every 200 ml.2 25.0% 70.0 Coca-Cola Andina Corporate Presentation 20.0% 60.0 15.0% 10.0% +4.1 pp 50.0 -20.0% 40.0 5.0% 0.0% 30.0 2020 2021 2022 2023 2024 2019 2020 2021 2022 2023 2024 10 Argentina Brazil Chile
Slide 11: Main Indicators and Future Commitments
Our Company Main Indicators and Future Commitments1 1.72 27.5% 18.4% 0.317 38.6% 16.9% 48.83 2023 Results 1.64 27.7% 21.4% 0.321 44.9% 17.4% 47.45 2024 Results Coca-Cola Andina Corporate Presentation 1.27 42.8% 30%-35% 0.255 Increase energy Contribute towards the 2x Remain close, promote 40.75 Contr
Slide 12: Market Description
Coca-Cola Andina Corporate Presentation Our Company Market Description Our Strategy What Makes Us Unique? Financial Highlights
Slide 13: Our Market Structure at a glance
Market Description Our Market Structure at a glance (As of December 31, 2024) Market Share Channel Mix Per capita Consumption 11% (8 oz. bottles) 64% 256 39% 41% 36% 22% Coca-Cola Andina Corporate Presentation 42 28 19 28% Soft drinks Waters Juices and Others On premise Wholesalers Soft Drinks Water
Slide 14: Our Strategy
Coca-Cola Andina Corporate Presentation Our Company Market Description Our Strategy What Makes Us Unique? Financial Highlights
Slide 15: Strategic Objectives Coca-Cola Andina 2025
Our Strategy Strategic Objectives Coca-Cola Andina 2025 Growth through: • NARTD & ARTD (KO) Portfolio 1 • Entering New Catergories leveraging our Assets and Logistics Capacity. • New geographic Inorganic Growth opportunities Coca-Cola Andina Corporate Presentation Eficiency and Productivity leadersh
Slide 16: What Makes Us Unique?
Coca-Cola Andina Corporate Presentation Our Company Market Description Our Strategy What Makes Us Unique? Financial Highlights
Slide 17: What makes us unique?
What makes us unique? 1 Complete Beverage Portfolio 2 Refillable Bottles Strategy Towards a World Without Waste Coca-Cola Andina Corporate Presentation 3 Strong Sugar Reduction and Stills & Low-Cal Strategy 4 Digital Capabilities for today’s business 17 5 High Performance, strongly committed Team 6
Slide 18: Complete Beverage Portfolio (4Q24)
What makes us unique? 1 Complete Beverage Portfolio (4Q24) Argentina Brazil Chile Paraguay SSDs1 Coca-Cola Andina Corporate Presentation Juices and other NCBs1 Water Beer2 18 Spirit Beverages2 Source: Company filings and public releases. 1 SSDs: Sparkling Soft Drinks; NCBs: Non-Carbonated Beverages
Slide 19: Refillable Bottles Strategy: Towards a World Without Waste
Refillable Bottles Strategy What makes us unique? 2 Towards a World Without Waste % Refillables as of Total SSD Volume FY2022 FY2023 FY2024 Coca-Cola Andina Corporate Presentation Argentina 44.4% 41.4% 45.3% Brazil 22.0% 22.2% 23.3% Universal Bottle 19 Chile 38.6% 41.1% 39.8% Paraguay 41.9% 40.0% 40
Slide 20: Strong Sugar Reduction and Stills & Low-Cal Strategy
Strong Sugar Reduction and What makes us unique? 3 Stills & Low-Cal Strategy % of NARTD Total Volume (*) No Sugar & LowCal Stills Mix Coca-Cola Andina Corporate Presentation 9% 27% 11% 27% 4% 16% 4% 21% 2010 2023 2010 2023 2010 2023 2010 2023 Argentina Brazil Argentina Brazil 20 21% 59% 11% 25% 13%
Slide 21: Digital Capabilities for today's business
Digital Capabilities What makes us unique? 4 for today’s business Interaction with our Customers & Internal Market Consumers Generation of Efficiency & Productivity Operations Customers App • Customer & Consumers Centric • Digitize operation information flows to generate data-based Coca-Cola Andina
Slide 22: Digital Capabilities for today's business
Digital Capabilities What makes us unique? 4 for today’s business Interaction with our Customers & Internal Market Consumers Generation of Efficiency & Productivity Operations Customers Tracking Orders • Application to manage inventory, track operations and deliveries in near real time. • Our B2B op
Slide 23: Experienced Senior Management (4Q24)
High Performance, What makes us unique? 5 strongly committed Team Experienced Senior Management (4Q24) - In 2022, we started measuring Average Industry Company Industry Company Commitment of employees, in line with Experience Experience Experience Experience the Gallup methodology. (Years) (Years) (
Slide 24: Learning and Sharing for Continued Improvement
Learning and Sharing for What makes us unique? 6 Continued Improvement High level instance to share strategy, best practices, new ways of Top 2 Top working and projects to ensure short and long term results Coca-Cola Andina Corporate Presentation Growth Alignment and Project Portfolio (SSD, Stills,
Slide 25: Financial Highlights
Coca-Cola Andina Corporate Presentation Our Company Market Description Our Strategy What Makes Us Unique? Financial Highlights
Slide 26: Strong Ebitda Generation (Consolidated)
Financial Highlights Strong Ebitda Generation (Consolidated) Adjusted EBITDA and Adjusted EBITDA Margin (CLP$ mm) EBITDA Margin Argentina Brazil Chile Paraguay TOTAL Coca-Cola Andina Corporate Presentation 20% 21% 18%1 17% 18% 18% 21% 19% CAGR +10.6% 578,192 464,510 470,108 397,213 348,869 350,532 1
Slide 27: Strong Ebitda Generation by Country
Financial Highlights Strong Ebitda Generation Argentina1 Brazil (Million AR$) Ebitda Margin (%) (Million R$) Ebitda Margin (%) 200,000 1,400 180,000 1,200 1,090 160,000 132,489 1,000 140,000 124,358 120,000 Coca-Cola Andina Corporate Presentation 800 671 100,000 48,586 45,112 600 80,000 60,000 400 2
Slide 28: Solid Financial Position
Financial Highlights Solid Financial Position Financial Debt1 (USD$ mm) Banks Bonds Total Risk Ratings USD$mm 84 934 1,018 Local rating agencies Rating Short Term Financial Debt Long Term Financial Debt % 8% 92% 100% ICR AA+ 1,217 1,180 Note: Banks includes Bank, Leasing & Others, doesn´t consider G
Slide 29: Solid Financial Position: Financial Ratios
Financial Highlights Solid Financial Position Financial Ratios (I) Financial Ratios (II) Financial Debt/Equity Ratio(1) Net Financial Debt(2)/Equity Ratio Net Financial Debt(2)/Adj. Ebitda(3) Debt Coverage Ratio (4) 1.1 1.1 19.9 1.0 1.0 13.6 12.7 0.7 0.7 9.6 8.9 Coca-Cola Andina Corporate Presentati
Slide 30: Dividends (as of December 31, 2024)
Financial Highlights Dividends (as of December 31, 2024) Dividend Distribution1 (million CLP$) 274,316 Coca-Cola Andina Corporate Presentation 164,987 157,036 99,986 106,347 2020 2021 2022 2023 2024 Dividend Yield2 2020 2021 2022 2023 2024 Series A 5.4% 6.8% 17.3% 10.1% 9.1% 30 Series B 5.1% 6.4% 16
Slide 31: Contact in Santiago, Chile
Coca-Cola Andina Corporate Presentation Contact in Santiago, Chile Andrés Wainer, Chief Financial Officer Paula Vicuña, Investor Relations Officer (56-2) 2338-0520 / andina.ir@koandina.com
Slide 32: Appendix
Coca-Cola Andina Corporate Presentation Appendix
Slide 33: Our Market Structure by operation
Market Description Our Market Structure by operation (As of December 31, 2024) Market Share Per capita Consumption Product Mix Channel Mix Format Mix SSD Sugary Mix NARTD (8 oz. bottles) 8% 7% 9% 27% 58% 38% 47% 193 45% 15% 31% 21 16 73% 84% 24% Soft Drinks Waters Juice and On premise Wholesalers So
Slide 34: Main Financial Highlights (Million USD$)
Main Financial Highlights (Million USD$) 20191 2020 20212 20222 2023 2024 4Q23 4Q24 Total Volume (million UCs) 746 735 828 874 883 909 248 269 Net Sales 2,495 2,190 2,848 3,058 3,094 3,371 867 979 Operating Income 335 306 378 397 422 448 146 147 Operating Margin 13.4% 14.1% 13.3% 13.0% 13.6% 13.3% 1
Slide 35: Main Financial Highlights (Local Currency)
Main Financial Highlights (Local Currency (million)) 20191 20201 20211 20221 20231 20241 4Q231 4Q24 2019 2020 2021 2022 2023 2024 4Q23 4Q24 Sales Volume (million UCs) 178 167 185 201 194 173 53 57 Sales Volume (million UCs) 259 265 266 278 301 340 89 96 Net Sales 31,566 37,737 65,297 142,559 424,298
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