Embotelladora Andina SA · BCS:ANDINA_A
Embotelladora Andina SA — Investor Presentation (2023)
34 slides from Embotelladora Andina SA's investor presentation, 2023
Slide 1: Coca-Cola Andina Corporate Presentation 3Q23
Coca-Cola Andina Corporate Presentation 3Q23 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 2022)
Our Company Coca-Cola Andina at a Glance (FY 2022) The Company Key Financials ESG Metrics LARGEST BOTTLER in Chile, 874 MILLION UNIT CASES (~5,000 Argentina and Paraguay MILLION LITERS) 49.55 KILOCALORIES Coca-Cola Andina Investor Presentation – Swiss Market and 3RD LARGEST in Brazil VOLUME sold eve
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
Our Company Ownership Structure (As of September 30, 2023) 6.0% 0.7% 14.7% 55.4% Coca-Cola Andina Corporate Presentation A series Controlling Group 36.8% 23.2% Others 47.4% Coca-Cola 7.3% ADRs 3.0% 5.0% Chilean Pension Funds 5.5% 5.2% 18.2% 5 B series Series A elects 12 of 14 Board members. Series B
Slide 6: Regional & Diversified Platform
Our Company Regional & Diversified Platform (FY 2022) Volume Revenues Adjusted EBITDA 9% 8% 13% 37% 37% 23% 42% 26% 26% 874 USD$3,058 USD$535 Coca-Cola Andina Corporate Presentation 32% MM UCs 24% MM 24% 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 • 15 Plants • 94 distribution centers • 96 lines • 3,021 own & third party trucks Argentina Brazil Coca-Cola Andina Corporate Presentation • 3 Plants with a total of 22 lines • 3 Plants with a total of 26 lines • Average utilization ranged
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) Energy ratio (EUR) 3.0 50.0% 0.600 40.0% 0.500 0.400 30.0% 2.0 -15.0% 20.0% 28.0% 0.300 -8.4% Coca-Cola Andina Corporate Presentation 0.200 10.0% 0.100 1.0 0.0% 0.000 2018 2019 2020 2021 2022 2018 2
Slide 10: Main Indicators and Future Commitments
Our Company Main Indicators and Future Commitments 1.77 31.6% 0.301 14.6% 54.992 2021 Results 1.71 28.0% 0.306 16.4%1 49.55 2022 Results Coca-Cola Andina Corporate Presentation 1.27 42.8% 0.255 Contribute towards the 2x Remain close, promote 40.75 Contribute to the progress of the 10 consolidation o
Slide 11: Agenda
Coca-Cola Andina Corporate Presentation Our Company Market Description Our Strategy What Makes Us Unique? Financial Highlights
Slide 12: Our Market Structure at a glance
Market Description Our Market Structure at a glance (As of December 31, 2022) Market Share Channel Mix Per capita Consumption 11% (8 oz. bottles) 64% 264 38% 45% 38% 23% Coca-Cola Andina Corporate Presentation 40 30 20 28% Soft drinks Waters Juices and Others On premise Wholesalers Soft Drinks Water
Slide 13: Agenda
Coca-Cola Andina Corporate Presentation Our Company Market Description Our Strategy What Makes Us Unique? Financial Highlights
Slide 14: 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 15: Agenda
Coca-Cola Andina Corporate Presentation Our Company Market Description Our Strategy What Makes Us Unique? Financial Highlights
Slide 16: 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 16 5 High Performance, strongly committed Team 6
Slide 17: Complete Beverage Portfolio (3Q23)
What makes us unique? 1 Complete Beverage Portfolio (3Q23) Argentina Brazil Chile Paraguay SSDs1 Coca-Cola Andina Corporate Presentation Juices and other NCBs1 Water Beer 17 Spirit Beverages2 Source: Company filings and public releases. 1 SSDs: Sparkling Soft Drinks; NCBs: Non-Carbonated Beverages 2
Slide 18: Refillable Bottles Strategy
Refillable Bottles Strategy What makes us unique? 2 Towards a World Without Waste % Refillables as of Total SSD Volume FY2020 FY2021 FY2022 Coca-Cola Andina Corporate Presentation Argentina 54.7% 50.8% 44.4% Brazil 28.3% 25.5% 22.0% Universal Bottle Chile 46.9% 40.3% 38.6% 18 Paraguay 48.3% 46.7% 41
Slide 19: 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% 28% 11% 23% 4% 16% 4% 18% 2010 2022 2010 2022 2010 2022 2010 2022 Argentina Brazil Argentina Brazil 19 21% 56% 11% 27% 13%
Slide 20: Digital Capabilities for today's business
Digital Capabilities What makes us unique? 4 for today’s business B2B Expand our B2B solution B2C Direct satisfaction to consumers • Robust platform on our SAP • Direct to Consumers platform in Brazil Front Office • MiCoca-Cola.cl Full Potential 2022 Coca-Cola Andina Corporate Presentation • Omnicha
Slide 21: Digital Capabilities for today's business
Digital Capabilities What makes us unique? 4 for today’s business 01. Customers • +39% registered customers and 9% buyers • Focus 2022 implementation and grow B2B coverage • Expanding KOBoss (Whatsapp) in Brazil, Chile and Paraguay Digital Portfolio Coca-Cola Andina Corporate Presentation 02. Consum
Slide 22: High Performance, strongly committed Team
High Performance, What makes us unique? 5 strongly committed Team Experienced Senior Management - In 2022, we started measuring Average Industry Company Industry Company Experience Experience Experience Experience Commitment of employees, in line with (Years) (Years) (Years) (Years) the Gallup metho
Slide 23: 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 24: Agenda
Coca-Cola Andina Corporate Presentation Our Company Market Description Our Strategy What Makes Us Unique? Financial Highlights
Slide 25: Strong Ebitda Generation (Consolidated)
Financial Highlights Strong Ebitda Generation (Consolidated) Adjusted EBITDA and Adjusted EBITDA Margin (CLP$ mm) Argentina Brazil Chile Paraguay EBITDA Margin Coca-Cola Andina Corporate Presentation 18% 19% 20% 21% 18%1 17% 15% 16% CAGR +6.6% 464,510 397,213 337,892 348,869 350,532 324,964 11.3% 25
Slide 26: Strong Ebitda Generation by country
Financial Highlights Strong Ebitda Generation Argentina1 Brazil (Million AR$) Ebitda Margin (%) (Million R$) Ebitda Margin (%) 30,000 900 24,828 800 25,000 666 20,808 700 20,000 600 551 Coca-Cola Andina Corporate Presentation 500 15,000 9,917 400 9,446 10,000 300 192 200 141 5,000 14.4% 17.4% 15.1%
Slide 27: Solid Financial Position
Financial Highlights Solid Financial Position Financial Debt1 (USD$ mm) Banks Bonds Total Risk Ratings Short Term Financial Debt Long Term Financial Debt USD$mm 69 1.042 1,111 Local rating agencies Rating % 6% 94% 100% ICR AA+ 1,217 1,180 Note: Banks includes Bank, Leasing & Others, doesn´t consider
Slide 28: Solid Financial Position: Financial Ratios
Financial Highlights Solid Financial Position Financial Ratios (I) Financial Ratios (II) Financial Debt/Equity Ratio(1) Net Financial Debt(2)/Equity Ratio Net Financial Debt(2)/Adj. Ebitda(3) Debt Coverage Ratio (4) 1.1 19.9 1.0 1.0 0.8 0.8 14.8 0.7 0.7 9.6 Coca-Cola Andina Corporate Presentation 8.
Slide 29: Dividends (as of September 30, 2023)
Financial Highlights Dividends (as of September 30, 2023) Dividend Distribution1 (million CLP$) 28,823 274,316 Coca-Cola Andina Corporate Presentation 136,164 99,986 106,347 85,475 2019 2020 2021 2022 2023 Dividend Yield2 2018 2019 2020 2021 2022 Series A 3.0% 3.8% 5.4% 6.8% 17.3% 29 Series B 3.1% 3
Slide 30: 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 31: Appendix
Coca-Cola Andina Corporate Presentation Appendix
Slide 32: Our Market Structure by operation
Market Description Our Market Structure by operation (As of December 31, 2022) Market Share Per capita Consumption Product Mix Channel Mix Format Mix SSD Sugary Mix NARTD (8 oz. bottles) 7% 7% 8% 28% 59% 35% 47% 293 44% 15% 32% 28 26 72% 84% 26% Soft Drinks Waters Juice and On premise Wholesalers So
Slide 33: Main Financial Highlights (Million USD$)
Main Financial Highlights (Million USD$) 2017 2018 20191 2020 20212 20222 3Q22 3Q23 Total Volume (million UCs) 756 751 746 735 828 874 202 203 Net Sales 2,848 2,569 2,495 2,190 2,848 3,058 698 777 Operating Income 368 348 335 306 378 397 74 91 Operating Margin 12.9% 13.5% 13.4% 14.1% 13.3% 13.0% 10.
Slide 34: Main Financial Highlights (Local Currency)
Main Financial Highlights (Local Currency (million)) 2017 20181 20191 20201 20211 20221 3Q221 3Q23 2017 2018 2019 2020 2021 2022 3Q22 3Q23 Sales Volume (million UCs) 211 202 178 167 185 201 46 44 Sales Volume (million UCs) 249 249 259 265 266 278 67 70 Net Sales 14,203 22,441 31,566 37,737 65,297 14