Fomento Economico Mexicano Sab De Cv Units Cons. Of 5 Shsb · BMV:FEMSA/UB
Fomento Economico Mexicano Sab De Cv Units Cons. Of 5 Shsb — Mexican Economic Development — Q1 2024 Earnings Presentation
9 slides from Fomento Economico Mexicano Sab De Cv Units Cons. Of 5 Shsb's earnings presentation, Apr 26, 2024
Slide 1: Investor Contact
Investor Contact (52) 818-328-6167 investor@femsa.com.mx femsa.gcs-web.com Media Contact (52) 555-249-6843 comunicacion@femsa.com.mx femsa.com
Slide 2: First Quarter Highlights
Mexico City, April 24, 2024, Coca-Cola FEMSA, S.A.B. de C.V. (BMV: KOFUBL, NYSE: KOF) (“Coca-Cola FEMSA”, “KOF” or the “Company”), the largest Coca-Cola franchise bottler in the world by sales volume, announces results for the first quarter of 2024. FIRST QUARTER HIGHLIGHTS • Volume growth 7.3% • Re
Slide 3: Coca-Cola FEMSA Reports 1Q24 Results Page 3 of 14
Coca-Cola FEMSA Reports 1Q24 Results Page 3 of 14
Slide 4: Consolidated First Quarter Results
Gross profit 28,428 25,458 11.7 % 18.5 % Adj. EBITDA (2) 11,944 10,522 13.5 % 21.7 % CONSOLIDATED FIRST QUARTER RESULTS As Reported Comparable (1) Expressed in millions of Mexican pesos 1Q 2024 1Q 2023 Δ% Δ% Total revenues 63,803 57,357 11.2 % 17.7 % Operating income 8,617 7,724 11.6 % 18.9 % Volume
Slide 5: Mexico & Central America Division Results
Gross profit 17,888 15,919 12.4 % 13.9 % Adj. EBITDA (2) 7,744 6,706 15.5 % 17.3 % MEXICO & CENTRAL AMERICA DIVISION RESULTS As Reported Comparable (1) Expressed in millions of Mexican pesos 1Q 2024 1Q 2023 Δ% Δ% Total revenues 37,844 33,617 12.6 % 14.1 % Operating income 5,681 5,011 13.4 % 15.1 % V
Slide 6: South America Division Results
Gross profit 10,540 9,539 10.5 % 27.4 % Adj. EBITDA (2) 4,200 3,816 10.1 % 30.7 % SOUTH AMERICA DIVISION RESULTS As Reported Comparable (1) Expressed in millions of Mexican pesos 1Q 2024 1Q 2023 Δ% Δ% Total revenues 25,958 23,740 9.3 % 23.4 % Operating income 2,935 2,713 8.2 % 27.0 % Volume increase
Slide 7: Financial Ratios
Net debt including effect of hedges / Adj. EBITDA (1)(3) 0.69 0.81 Capitalization (2) 33.9 % 32.8 % Financial Ratios 1Q 2024 FY 2023 Δ% Net debt including effect of hedges (1)(3) 33,081 37,794 -12.5 % Adj. EBITDA/ Interest expense, net (1) 10.17 11.86 (1) Net debt = total debt - cash (2) Total debt
Slide 8: Volume
VOLUME (1) Argentina Uruguay 4%6 1% Brazil (3) 29% Mexico 49% Colombia o% CAM South Guatemala a% 5%
Slide 9: Definitions of volume and transactions
(1) Volume is expressed in unit cases. Unit case refers to 192 ounces of finished beverage product (24 eight-ounce servings) and, when applied to soda fountains, refers to the volume of syrup, powders, and concentrate that is required to produce 192 ounces of finished beverage product. (2) Transacti
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