Embotelladora Andina SA · BCS:ANDINA_A

Embotelladora Andina SA — Investor Presentation (December 2014)

25 slides from Embotelladora Andina SA's investor presentation, December 2014

  1. Slide 1: Corporate Presentation

    Agenda Page Corporate Presentation December 2014 [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 (FY2014)

    A regional and diversified platform (FY2014) Volume Revenues EBITDA 8% 7% 11% 28% 27% 32% 28% 26% 17% 40% 40% 37% 831 MM UCs US$3.2 BN US$508 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, 2014)

    Ownership (As of December 31, 2014) Controlling Group 49.7% 55.7% 43.8% Series A Series B Others 26.8% Coca-Cola 14.7% ADRs 6.3% Chilean Pension Funds 2.5% 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 17 lines of 26 lines ` Additional 2 production facilities Ń Average utilization of 79% for tetra juices and 1 for mineral ` 13 distribution centers

  7. Slide 7: 2. Market Description

    2. Market Description Agenda Page [CLIENT NAME]

  8. Slide 8: Market Structure (FY2014)

    Market Structure (FY2014) ARGENTINA BRAZIL Volume Mix Volume Mix Sof Drinks 86% Waters 2% Juices &Others 12% SofDrinks87% Waters 9% Juices&Others4% Format Mix Format Mix Non Returnables 81% Returnables 17% Post Mix 2% NonReturnables54% Returnables45% Post Mix1% Channel mix Channel Mix Mom & Pops 26%

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

    Diversified brand portfolio across segments and geographies (As of December 31, 2014) Argentina Brazil Chile Paraguay SSDs1 671.6 MM UCs 199.1 MM UCs (30%) 250.2 MM UCs (37%) 168.5 MM UCs (25%) 53.8 MM UCs (8%) Juices and other NCBs1 76.2 MM UCs 8.5 MM UCs (11%) 34.1mmUC (45%) 30.3 MM UCs (40%) 3.3

  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 1,797,200 830.6 1,521,681 748.7 763.0 1,172,293 501.2 982,864 458.6 480.3 785,845 888,714

  12. Slide 12: Solid Financial Position

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

  13. Slide 13: Solid Financial Position

    Solid Financial Position Financial Ratios (I) Financial Ratios (II) Debt/Equity Ratio (1) Net Debt/Equity Ratio (2) (3) 9.7 Financial Net Debt / EBITDA (12 months) Net Financial Expenses Coverage 80 70 0.9 7.7 60 0.8 49.3 46.3 44.9 5.7 50 40 0.7 0.7 3.7 24.6 0.3 2.3 2.0 30 0.2 0.2 0.2 1.1 20 1.7 0.2

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

    Consolidated Financial Highlights (Billion Ch$) 2010 2010P 2011 2011 P 2012 2012P 2013 2013P 2014 Total Volume (MUCs) 489 480 502 549 596 749 763 826 831 Net Sales 889 875 983 1,083 1,172 1,477 1,522 1,640 1,797 Operating Income 149 148 142 157 154 173 171 179 187 Operating Margin 16.8% 16.9% 14.5%

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

    Consolidated Financial Highlights (Billion US$) 2010 2010P 2011 2011 P 2012 2012P 2013 2013P 2014 Total Volume (MUCs) 489 480 502 549 596 749 763 826 831 Net Sales 1,742 1,716 2,031 2,239 2,411 3,038 3,071 3,311 3,151 Operating Income 293 289 294 324 317 355 346 361 328 Operating Margin 16.8% 16.9%

  16. Slide 16: Consolidated Balance Sheet (as of December 31, 2014, in million Ch$)

    Consolidated Balance Sheet (as of December 31, 2014, in million Ch$) Assets Liabilities and Equity Cash and Cash Equivalents 186,091 Current Financial Liabilities 67,420 Current Assets 367,645 Other Current Liabilities 342,793 Non current Assets + Others 1,598,513 Non-Current Financial Liabilities 7

  17. Slide 17: Dividends and Market Cap (as of December 31, 2014)

    Dividends and Market Cap (as of December 31, 2014) Dividend Distribution Market Cap (million Ch$) (billion USD) 71,190 71,437 71,164 5.3 68,603 52,081 3.9 3.4 3.0 2.5 2010 2011 2012 2013 2014 2010 2011 2012 2013 2014 Dividend Yield 2010 2011 2012 2013 2014 Series A 4.5% 4.6% 4.4% 2.9% 2.8% 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 Coal Rl sows

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

    Argentina: Main Financial Highlights (Local Currency (millions)) 2010 2011 2011 P 2012 2012P 2013 2014 Sales Volume (MUC) 125 138 151 167 200 224 229 Net Sales 1,433 1,975 2,254 2,985 3,690 4,898 6,541 Operating Income 184 219 255 308 311 398 428 Operating Margin 12.7% 11.2% 11.4% 10.2% 8.2% 8.0% 6.

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

    Brazil: Main Financial Highlights (Local Currency (millions)) 2010 2011 2012 2012 P 2013 2013 P 2014 Sales Volume (MUC) 203 205 225 253 243 305 306 Net Sales 1,412 1,545 1,814 2,030 2,142 2,657 2,959 Operating Income 251 223 260 276 257 290 354 Operating Margin 17.7% 14.4% 14.3% 13.7% 12.0% 10.9% 11

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

    Chile: Main Financial Highlights (Local Currency (millions)) 2010 2010P 2011 2011 P 2012 2012P 2013 2014 Sales Volume (MUC) 162 153 158 175 185 233 235 232 Net Sales 295,659 282,271 304,948 339,116 374,873 475,824 477,918 492,072 Operating Income 57,442 55,770 56,170 57,900 57,685 65,941 66,620 56,4

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

    Paraguay: Main Financial Highlights (Local Currency (millions)) 2011 2012 P 2012 2013 2014 Sales Volume (MUC) 18 19 63 61 63 Net Sales 274,234 291,166 968,454 968,523 1,010,735 Operating Income 70,135 42,001 99,174 129,747 157,306 Operating Margin 25.5% 14.4% 10.2% 13.4% 15.6% EBITDA 82,263 62,618 1

  25. Slide 25: Corporate Presentation

    Agenda Page Corporate Presentation December 2014 [CLIENT NAME]

Embotelladora Andina — Investor Presentation (December 2014) on 6ix