Embotelladora Andina SA · BCS:ANDINA_A

Embotelladora Andina SA — Q1 2016 Earnings Presentation

25 slides from Embotelladora Andina SA's earnings presentation, 2016

  1. Slide 1: Corporate Presentation 1Q 2016

    Agenda Page Corporate Presentation 1Q 2016 [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 territories in Argentina, Coca-Cola System Chile & Paraguay). Andina Andina listed on joint venture (50/50) Andina buys 40% stake becomes the the NYSE. for the water and in Sorocaba Refrescos. Coca-Cola Franchise TCCC acquires juice business in bott

  4. Slide 4: A regional and diversified platform (1Q16)

    A regional and diversified platform (1Q16) Volume Revenues EBITDA 8% 8% 11% 29% 31% 35% 29% 30% 24% 31% 30% 33% 214 MM UCs US$654 MM US$128 MM Chile Brazil  Territories: Antofagasta, Atacama, Coquimbo,  Territories: Rio de Janeiro, Espíritu Santo, part of Metropolitan Region, San Antonio, Cachapoa

  5. Slide 5: Ownership (As of December 31, 2015)

    Ownership (As of December 31, 2015) Controlling Group 49.8% 55.7% 43.8% Series A Series B Others 26.0% Coca-Cola 14.7% ADRs 6.5% Chilean Pension Funds 3.1% The Controlling Group is composed of 5 Chilean families with equal parts, that have a shareholders’ agreement which includes TCCC. Series A elec

  6. Slide 6: Superior manufacturing and logistics capabilities

    Superior manufacturing and logistics capabilities Argentina Brazil  3 SSD production facilities with a  3 production facilities with a total total of 16 lines of 25 lines  Additional 2 production facilities ◦ Average utilization range from for tetra juices and 1 for mineral 59% to 72% water with

  7. Slide 7: 2. Market Description

    Agenda 2. Market Description Page [CLIENT NAME]

  8. Slide 8: Market Structure (FY2015)

    Market Structure (FY2015) ARGENTINA BRAZIL Format Mix Format Mix Non Returnables 54% Returnables 45% Post Mix 1% Non Returnables 80% Returnables 18% Post Mix 2% Channel Mix Channel Mix Mom & Pops 35% Wolesalers 34% Supermarkets 29% On Premise 3% Mom & Pop s 25% Wolesalers 23% Su permark ets 31% On P

  9. Slide 9: Diversified brand portfolio across segments and geographies

    Diversified brand portfolio across segments and geographies (As of December 31, 2015) Argentina Brazil Chile Paraguay SSDs1 Juices and other NCBs1 Water Beer Source: Company filings and public releases 1 SSDs: sparkling soft drinks; NCBs: non-carbonated soft drinks 2 Total includes 0.1mmUC distribut

  10. Slide 10: 3. Financial Highlights

    3. Financial Highlights Agenda Page [CLIENT NAME]

  11. Slide 11: Track record of profitability, revenue and EBITDA growth, diversification and strong cash generation

    Track record of profitability, revenue and EBITDA growth, diversification and strong cash generation Sales volume (million UCs) Revenues (CLP$ mm) Argentina Brazil Chile Paraguay Argentina Brazil Chile Paraguay 763.0 830.6 819.9 1,797,200 1,877,394 748.7 1,521,681 501.2 1,172,293 982,864 219.4 213.8

  12. Slide 12: Solid Financial Position

    Solid Financial Position Increase in Net Financial Debt is mainly explained by: - US$575MM Bond Issue for the Acquistion of Ipiranga (2013)1 - UF5 million Chilean Bond Issued on Sept 2013, UF3 million Chilean Bond Issued on Apr 20142 - Embotelladoras Coca-Cola Polar Merger (2012) Financial Debt (CLP

  13. Slide 13: Solid Financial Position

    Solid Financial Position Financial Ratios (I) Financial Ratios (II) Debt/Equity Ratio(1) Net Debt/Equity Ratio(2) Net Financial Debt / EBITDA (12 months) (3) Net Financial Expenses Coverage 1.0 0.9 0.9 44.9 0.8 24.6 0.3 0.7 0.6 2.3 2.0 0.2 0.5 0.5 1.4 1.5 1.1 0.2 10.6 5.1 6.9 0.1 0.3 7.4 2011 2012 2

  14. Slide 14: Consolidated Financial Highlights (Billion Ch$)

    Consolidated Financial Highlights (Billion Ch$) 2011 2011 P 2012 2012P 2013 2013P 2014 2015 1Q15 1Q16 Total Volume (MUCs) 502 549 596 749 763 826 831 820 219 214 Net Sales 983 1,083 1,172 1,477 1,522 1,640 1,797 1,877 504 459 Operating Income 142 157 154 173 171 179 187 216 66 66 Operating Margin 14

  15. Slide 15: Consolidated Financial Highlights (Million US$)

    Consolidated Financial Highlights (Million US$) 2011 2011 P 2012 2012P 2013 2013P 2014 2015 1Q15 1Q16 Total Volume (MUCs) 502 549 596 749 763 826 831 820 219 214 Net Sales 2,031 2,239 2,411 3,038 3,071 3,311 3,151 2,868 806 654 Operating Income 294 324 317 355 346 361 328 329 106 95 Operating Margin

  16. Slide 16: Consolidated Balance Sheet (as of March 31, 2015)

    Consolidated Balance Sheet (as of March 31, 2015, in million Ch$ and million USD) Assets Liabilities and Equity Cash and Cash Equivalents 189,401 Current Financial Liabilities 42,819 Current Assets 296,717 Other Current Liabilities 257,406 Non current Assets + Others 1,517,560 Non-Current Financial

  17. Slide 17: Dividends and Market Cap (as of March 31, 2016)

    Dividends and Market Cap (as of Matrch 31, 2016) Dividend Distribution Market Cap (million Ch$) (billion USD) 71,190 71,437 71,164 5.3 68,603 52,081 53,671 3.9 3.4 3.0 2.5 2.7 2010 2011 2012 2013 2014 2015 2010 2011 2012 2013 2014 2015 Dividend Yield 2011 2012 2013 2014 2015 Series A 4.6% 4.4% 2.9%

  18. Slide 18: 4. Strategy

    4. Strategy Agenda Page [CLIENT NAME]

  19. Slide 19: 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 of the Coca-Cola system Coca-Cola system in Latin America  Fuel growth in SSD business  Inorganic expansion in line with TCCC go

  20. Slide 20: Appendix

    Appendix CoG elg »NDINA

  21. Slide 21: Argentina: Main Financial Highlights (Local Currency)

    Argentina: Main Financial Highlights (Local Currency (millions)) 2011 P 2012 2012P 2013 2014 2015 1Q15 1Q16 Sales Volume (MUC) 151 167 200 224 229 234 62 63 Net Sales 2,254 2,985 3,690 4,898 6,541 8,903 2,143 2,808 Operating Income 255 308 311 398 428 829 230 369 Operating Margin 11.4% 10.2% 8.2% 8.

  22. Slide 22: Brazil: Main Financial Highlights (Local Currency)

    Brazil: Main Financial Highlights (Local Currency (millions)) 2012 2012 P 2013 2013 P 2014 2015 1Q15 1Q16 Sales Volume (MUC) 225 253 243 305 306 291 78 72 Net Sales 1,814 2,030 2,142 2,657 2,959 3,059 811 802 Operating Income 260 276 257 290 354 378 118 116 Operating Margin 14.3% 13.7% 12.0% 10.9% 1

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

    Chile: Main Financial Highlights (Local Currency (millions)) 2011 2011 P 2012 2012P 2013 2014 2015 1Q15 1Q16 Sales Volume (MUC) 158 175 185 233 235 232 234 63 63 Net Sales 304,948 339,116 374,873 475,824 477,918 492,072 514,733 135,551 142,796 Operating Income 56,170 57,900 57,685 65,941 66,620 56,4

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

    Paraguay: Main Financial Highlights (Local Currency (millions)) 2012 2013 2014 2015 1Q15 1Q16 Sales Volume (MUC) 63 61 63 61 16 17 Net Sales 968,454 968,523 1,010,735 1,033,215 270,888 297,254 Operating Income 99,174 129,747 157,306 176,418 48,516 57,477 Operating Margin 10.2% 13.4% 15.6% 17.0% 17.9

  25. Slide 25: Corporate Presentation 1Q2016

    Agenda Page Corporate Presentation 1Q2016 [CLIENT NAME]

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