Embotelladora Andina SA · BCS:ANDINA_A
Embotelladora Andina SA — 4Q 2021 Earnings Presentation
27 slides from Embotelladora Andina SA's earnings presentation, 2022
Slide 1: 4Q Corporate Presentation
Agenda 4QPage CORPORATE PRESENTATION [CLIENT NAME] 21
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 December 31, 2021)
Ownership (As of December 31, 2021) Controlling Group 38.1% 55.4% 20.7% Series A Series B Others 45.1% Coca‐Cola 7.3% ADRs 2.3% Chilean Pension Funds 7.1% The Controlling Group is composed of 4 Chilean families with equal parts, that have a shareholders’ agreement which includes TCCC. Series A elect
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
Committed to Sustainable Development Generating Social, Economic and Environmental Value in all of our actions Source: Company filings and public releases 6
Slide 8: 2. Market Description
2. Market Description Agenda Page [CLIENT NAME]
Slide 9: 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 10: 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 11: Diversified brand portfolio across segments and geographies
Diversified brand portfolio across segments and geographies (As of December 31, 2021) 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
Slide 12: 3. Financial Highlights
3. Financial Highlights Agenda Page [CLIENT NAME]
Slide 13: Track record of profitability, Adjusted EBITDA growth, diversification and strong 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% 778.9 828.3 756.2 750.6 746.4 734.6 2,216,733 1,777,459 1,848,878 1,672,
Slide 14: Solid Financial Position
Solid Financial Position Financial Debt1 (CLP$ mm) Financial Debt1 Summary (CLP$ mm) as of December 2021 Short Term Financial Debt Long Term Financial Debt Banks Bonds Total Ch$mm 28,402 764,708 793,110 865,286 % 3.6% 96.4% 100% 793,110 Note: Banks includes Bank, Leasing & Others, doesn´t consider G
Slide 15: Solid Financial Position
Solid Financial Position Financial Ratios (I) Financial Ratios (II) Financial Debt / Equity Ratio (1) Net Financial Debt (2) / Equity Ratio Net Financial Debt (2) / Adj. EBITDA (3) Debt Coverage Ratio (4) 12,0 1.0 11,0 9.6 0.8 0.8 0.8 8.9 10,0 0.7 0.7 8.4 8.5 8.2 8.2 9,0 8,0 7,0 0.6 0.6 0.6 0.5 6,0
Slide 16: Consolidated Financial Highlights (Billion CLP$)
Consolidated Financial Highlights (Billion CLP$) 2016 2017 2018 20191 2020 20213 1Q20 1Q212 2Q20 2Q212 3Q20 3Q212 4Q20 4Q21 Total Volume (million UCs) 779 756 751 746 735 828 198 212 137 178 171 197 228 240 Net Sales 1,777 1,849 1,673 1,779 1,698 2,217 505 509 312 442 394 538 524 651 Operating Incom
Slide 17: Consolidated Financial Highlights (Million US$)
Consolidated Financial Highlights (Million US$) 2016 2017 2018 20191 2020 20213 1Q20 1Q212 2Q20 2Q212 3Q20 3Q212 4Q20 4Q21 Total Volume (million UCs) 779 756 751 746 735 828 198 212 137 178 171 197 228 240 Net Sales 2,627 2,848 2,569 2,495 2,190 2,848 619 703 380 615 504 689 699 784 Operating Income
Slide 18: Consolidated Balance Sheet
Consolidated Balance Sheet (as of December 31, 2021, in million US$ and million CLP$) Million US$: Assets Liabilities and Equity Cash + Time Deposits + Market. Securit. 592 Current Financial Liabilities 57 Current Assets 582 Other Current Liabilities 570 Non current Assets + Others 2,175 Non-Current
Slide 19: Dividends and Market Cap (as of December 31, 2021)
Dividends and Market Cap (as of December 31, 2021) Dividend Distribution1 Market Cap (million CLP$) (billion USD) 4.2 3.3 2.6 106,347 2.3 99,986 85,475 85,475 1.9 75,537 2017 2018 2019 2020 2021 2017 2018 2019 2020 2021 Dividend Yield2 2017 2018 2019 2020 2021 Series A 3.3% 3.0% 3.8% 5.4% 6.8% Serie
Slide 20: 4. Strategy
4. Strategy Agenda Page [CLIENT NAME]
Slide 21: 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 22: 5. Appendix
5. Appendix 21 Cet belg ANDINA
Slide 23: Argentina: Main Financial Highlights (Local Currency)
Argentina: Main Financial Highlights (Local Currency (million)) 2016 2017 2018 2019 2020 2021 1Q20 1Q21 2Q20 2Q21 3Q20 3Q21 4Q20 4Q21 Sales Volume (million UCs) 219 211 202 178 167 185 46 50 29 36 39 43 52 57 Net Sales 11,343 14,203 22,441 31,566 37,737 65,297 12,282 13,076 7,765 10,302 11,673 13,70
Slide 24: Brazil: Main Financial Highlights (Local Currency)
Brazil: Main Financial Highlights (Local Currency (million)) 2016 2017 2018 2019 2020 2021 1Q20 1Q21 2Q20 2Q21 3Q20 3Q21 4Q20 4Q21 Sales Volume (million UCs) 266 249 249 259 265 266 67 68 54 63 65 64 79 71 Net Sales 3,037 2,976 3,062 3,467 3,758 3,833 938 1,033 737 951 943 968 1,139 881 Operating In
Slide 25: Chile: Main Financial Highlights (Local Currency)
Chile: Main Financial Highlights (Local Currency (million)) 2016 2017 2018 2019 2020 20212 1Q20 1Q211 2Q20 2Q211 3Q20 3Q211 4Q20 4Q21 Sales Volume (million UCs) 232 231 231 240 236 307 67 76 41 65 52 74 77 91 Net Sales 540,427 551,873 570,939 608,952 644,762 975,296 174,452 229,439 108,890 202,548 1
Slide 26: Paraguay: Main Financial Highlights (Local Currency)
Paraguay: Main Financial Highlights (Local Currency (million)) 2016 2017 2018 2019 2020 2021 1Q20 1Q21 2Q20 2Q21 3Q20 3Q21 4Q20 4Q21 Sales Volume (million UCs) 62 65 68 69 66 70 18 18 13 14 15 17 21 21 Net Sales 1,107,678 1,227,001 1,337,989 1,405,584 1,351,909 1,497,924 375,422 377,734 251,873 302,
Slide 27: 4Q Corporate Presentation
Agenda 4QPage CORPORATE PRESENTATION [CLIENT NAME] 21