Embotelladora Andina SA · BCS:ANDINA_A
Embotelladora Andina SA — Investor Presentation (2022)
28 slides from Embotelladora Andina SA's investor presentation, 2022
Slide 1: Corporate Presentation 1Q22
Agenda Page CORPORATE PRESENTATION 1Q22 [CLIENT NAME]
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 March 31, 2022)
Ownership (As of March 31, 2022) Controlling Group 38.0% 55.3% 20.7% Series A Series B Others 44.5% Coca‐Cola 7.3% ADRs 2.7% Chilean Pension Funds 7.5% The Controlling Group is composed of 4 Chilean families with equal parts, that have a shareholders’ agreement which includes TCCC. Series A elects 1
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 Key Indicators
Committed to Sustainable Development Sustainable development goals are integrated into our business strategy Key Indicators • Kilocalories sold every 200 ml. • Percentage of sales of reduced or sugar free categories. • Water ratio (WUR): Liters of wáter consumed per liter of beverage produced • Sale
Slide 8: Committed to Sustainable Development
Committed to Sustainable Development Sustainable development goals are integrated into our business strategy Commitments 1.86 35.1% 0.309 13.9% 57.52 Results Generating Social, Economic and Environmental Value in all of our actions Source: Company filings and public releases 7
Slide 9: 2. Market Description
2. Market Description Agenda Page [CLIENT NAME]
Slide 10: 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 11: 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 12: Diversified brand portfolio across segments and geographies
Diversified brand portfolio across segments and geographies (As of March 31, 2022) 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 Diageo
Slide 13: 3. Financial Highlights
3. Financial Highlights Agenda Page [CLIENT NAME]
Slide 14: 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 15: Solid Financial Position
Solid Financial Position Financial Debt1 (CLP$ mm) Financial Debt1 Summary (CLP$ mm) as of March 2022 Short Term Financial Debt Long Term Financial Debt Banks Bonds Total Ch$mm 32,101 812,549 844,650 865,286 % 3.8% 96.2% 100% 793,110 844,650 Note: Banks includes Bank, Leasing & Others, doesn´t consi
Slide 16: Solid Financial Position
Solid Financial Position Financial Ratios (I) Financial Ratios (II) Financial Debt / Equity Ratio (1) Net Financial Debt (2) / Equity Ratio Net Financial Debt (2) / Adj. EBITDA (3) Debt Coverage Ratio (4) 12,0 1.0 11,0 9.6 9.8 0.8 0.8 0.8 0.8 8.9 10,0 0.7 0.7 8.4 8.5 8.2 8.2 9,0 8,0 7,0 0.6 0.6 0.6
Slide 17: Consolidated Financial Highlights (Billion CLP$)
Consolidated Financial Highlights (Billion CLP$) 2016 2017 2018 20191 2020 20213 1Q212 1Q22 Total Volume (million UCs) 779 756 751 746 735 828 212 228 Net Sales 1,777 1,849 1,673 1,779 1,698 2,217 509 624 Operating Income 214 239 225 238 240 292 79 95 Operating Margin 12.0% 12.9% 13.5% 13.4% 14.1% 1
Slide 18: Consolidated Financial Highlights (Million US$)
Consolidated Financial Highlights (Million US$) 2016 2017 2018 20191 2020 20213 1Q212 1Q22 Total Volume (million UCs) 779 756 751 746 735 828 212 228 Net Sales 2,627 2,848 2,569 2,495 2,190 2,848 703 777 Operating Income 316 368 348 335 306 378 109 119 Operating Margin 12.0% 12.9% 13.5% 13.4% 14.1%
Slide 19: Consolidated Balance Sheet (as of March 31, 2022)
Consolidated Balance Sheet (as of March 31, 2022, in million US$ and million CLP$) Million US$: Assets Liabilities and Equity Cash + Time Deposits + Market. Securit. 654 Current Financial Liabilities 53 Current Assets 657 Other Current Liabilities 603 Non current Assets + Others 2,257 Non-Current Fi
Slide 20: Dividends and Market Cap (as of March 31, 2022)
Dividends and Market Cap (as of March 31, 2022) Dividend Distribution1 Market Cap (million CLP$) (billion USD) 3.3 2.6 2.3 187,847 1.9 1.9 99,986 106,347 85,475 85,475 28,823 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 Dividend Yield2 2017 2018 2019 2020 2021 Series A 3.3% 3.0% 3.8% 5.4% 6.8%
Slide 21: 4. Strategy
4. Strategy Agenda Page [CLIENT NAME]
Slide 22: 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 23: 5. Appendix
5. Appendix Cetbelle NDINA
Slide 24: Argentina: Main Financial Highlights (Local Currency)
Argentina: Main Financial Highlights (Local Currency (million)) 2016 2017 2018 2019 2020 2021 1Q21 1Q22 Sales Volume (million UCs) 219 211 202 178 167 185 50 53 Net Sales 11,343 14,203 22,441 31,566 37,737 65,297 19,906 21,463 Operating Income 1,198 1,588 2,158 2,563 3,081 6,120 3,190 4,022 Operatin
Slide 25: Brazil: Main Financial Highlights (Local Currency)
Brazil: Main Financial Highlights (Local Currency (million)) 2016 2017 2018 2019 2020 2021 1Q21 1Q22 Sales Volume (million UCs) 266 249 249 259 265 266 68 67 Net Sales 3,037 2,976 3,062 3,467 3,758 3,833 1,033 828 Operating Income 369 414 448 503 586 491 139 101 Operating Margin 12.2% 13.9% 14.6% 14
Slide 26: Chile: Main Financial Highlights (Local Currency)
Chile: Main Financial Highlights (Local Currency (million)) 2016 2017 2018 2019 2020 20212 1Q211 1Q22 Sales Volume (million UCs) 232 231 231 240 236 307 76 88 Net Sales 540,427 551,873 570,939 608,952 644,762 975,296 229,439 290,997 Operating Income 68,879 72,890 82,131 87,978 91,166 135,232 34,565
Slide 27: Paraguay: Main Financial Highlights (Local Currency)
Paraguay: Main Financial Highlights (Local Currency (million)) 2016 2017 2018 2019 2020 2021 1Q21 1Q22 Sales Volume (million UCs) 62 65 68 69 66 70 18 21 Net Sales 1,107,678 1,227,001 1,337,989 1,405,584 1,351,909 1,497,924 377,734 458,523 Operating Income 199,617 221,018 260,735 286,781 337,587 386
Slide 28: Corporate Presentation 1Q22
Agenda Page CORPORATE PRESENTATION 1Q22 [CLIENT NAME]