Embotelladora Andina SA · BCS:ANDINA_A

Embotelladora Andina SA — Investor Presentation (2017)

25 slides from Embotelladora Andina SA's investor presentation, 2017

  1. Slide 1: Corporate Presentation FY 2016

    Agenda Page Corporate Presentation FY 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 (FY16)

    A regional and diversified platform (FY16) Volume Revenues EBITDA 8% 7% 11% 30% 30% 36% 28% 29% 23% 33% 31% 34% 779 MM UCs US$2,627 MM US$460 MM Chile Brazil  Territories: Antofagasta, Atacama, Coquimbo,  Territories: Rio de Janeiro, Espíritu Santo, part of Metropolitan Region, San Antonio, Cachap

  5. Slide 5: Ownership (As of December 31, 2016)

    Ownership (As of December 31, 2016) Controlling Group 49.8% 55.7% 43.8% Series A Series B Others 25.6% Coca-Cola 14.7% ADRs 5.7% Chilean Pension Funds 4.2% 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  2 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 (FY2016)

    Market Structure (FY2016) ARGENTINA BRAZIL Product Mix Product Mix Sof Drinks 84% Waters 12% Juices & Others 4% Sof Drinks 81% Waters 2% Juices & Others 10% Beer 6% Format Mix Format Mix Non Returnables 52% Returnables 47% Post Mix 1% Non Returnables 78% Returnables 19% Post Mix 3% Channel Mix Chann

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

    Diversified brand portfolio across segments and geographies (As of December 31, 2016) 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 830.6 819.9 1,797,200 1,877,394 1,777,459 748.7 763.0 779.0 1,521,681 1,172,293 233.6 530

  12. Slide 12: Solid Financial Position

    Solid Financial Position Increase in Net Financial Debt is mainly explained by: - US$575MM Bond Issue for the Acquistion of Ipiranga (2013)1 - UF5 million Chilean Bond Issued on Sept 2013, UF3 million Chilean Bond Issued on Apr 2014 - Embotelladoras Coca-Cola Polar Merger (2012) Financial Debt (CLP$

  13. Slide 13: Solid Financial Position

    Solid Financial Position Financial Ratios (I) Financial Ratios (II) Net Financial Debt / EBITDA Financial Debt/Equity Ratio (1) Net Financial Debt (2)/Equity Ratio Net Financial Debt (w/o MtM CCS) (3) / EBITDA Debt Coverage Ratio (4) 44.9 2.2 1.0 2.3 50 0.9 0.9 1.9 45 0.8 2.3 40 35 2.0 30 24.6 1.4 1

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

    Consolidated Financial Highlights (Billion Ch$) 2011 P 2012 2012P 2013 2013P 2014 2015 2016 Total Volume (MUCs) 549 596 749 763 826 831 820 779 Net Sales 1,083 1,172 1,477 1,522 1,640 1,797 1,877 1,777 Operating Income 157 154 173 171 179 187 216 214 Operating Margin 14.5% 13.2% 11.7% 11.3% 10.9% 10

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

    Consolidated Financial Highlights (Million US$) 2011 P 2012 2012P 2013 2013P 2014 2015 2016 Total Volume (MUCs) 549 596 749 763 826 831 820 779 Net Sales 2,239 2,411 3,038 3,071 3,311 3,151 2,868 2,627 Operating Income 324 317 355 346 361 328 329 316 Operating Margin 14.5% 13.2% 11.7% 11.3% 10.9% 10

  16. Slide 16: Consolidated Balance Sheet (as of December 31, 2016)

    Consolidated Balance Sheet (as of December 31, 2016, in million USD and million Ch$) Assets Liabilities and Equity Cash and Cash Equivalents 294 Current Financial Liabilities 77 Current Assets 538 Other Current Liabilities 565 Non current Assets + Others 2,314 Non-Current Financial Liabilities 1,078

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

    Dividends and Market Cap (as of December 31, 2016) Dividend Distribution Market Cap (million Ch$) (billion USD) 71,437 71,164 5.3 67,586 52,081 53,671 3.9 3.4 2.7 2.5 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 Dividend Yield 2012 2013 2014 2015 2016 Series A 4.4% 2.9% 2.8% 3.7% 3.5% Series B

  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 2016 Sales Volume (MUC) 151 167 200 224 229 234 219 Net Sales 2,254 2,985 3,690 4,898 6,541 8,903 11,343 Operating Income 255 308 311 398 428 829 1,198 Operating Margin 11.4% 10.2% 8.2% 8.0% 6.6% 9.3% 1

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

    Brazil: Main Financial Highlights (Local Currency (millions)) 2012 2012 P 2013 2013 P 2014 2015 2016 Sales Volume (MUC) 225 253 243 305 306 291 266 Net Sales 1,814 2,030 2,142 2,657 2,959 3,059 3,037 Operating Income 260 276 257 290 354 378 369 Operating Margin 14.3% 13.7% 12.0% 10.9% 11.8% 12.5% 12

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

    Chile: Main Financial Highlights (Local Currency (millions)) 2011 P 2012 2012P 2013 2014 2015 2016 Sales Volume (MUC) 175 185 233 235 232 234 232 Net Sales 339,116 374,873 475,824 477,918 492,072 514,733 540,427 Operating Income 57,900 57,685 65,941 66,620 56,460 63,059 68,879 Operating Margin 17.1%

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

    Paraguay: Main Financial Highlights (Local Currency (millions)) 2011 P 2012 2013 2014 2015 2016 Sales Volume (MUC) 19 63 61 63 61 62 Net Sales 291,166 968,454 968,523 1,010,735 1,033,215 1,107,678 Operating Income 42,001 99,174 129,747 157,306 176,418 199,617 Operating Margin 14.4% 10.2% 13.4% 15.6%

  25. Slide 25: Corporate Presentation

    Agenda Page Corporate Presentation [CLIENT NAME]

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