Embotelladora Andina SA · BCS:ANDINA_A

Embotelladora Andina SA — Investor Presentation (September 2015)

25 slides from Embotelladora Andina SA's investor presentation, September 2015

  1. Slide 1: Corporate Presentation

    Agenda Page Corporate Presentation September 2015 [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 (3Q 2015)

    A regional and diversified platform (3Q 2015) Volume Revenues EBITDA 8% 7% 10% 28% 27% 29% 29% 36% 30% 30% 30% 35% 186 MM UCs US$640 MM US$96 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 ◦ Average utilization of 79% for tetra juices and 1 for mineral  13 distribution centers

  7. Slide 7: 2. Market Description

    Agenda 2. Market Description 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% Sof Drinks 87% Waters 9% Juices &Others 4% Format Mix Format Mix Non Returnables 81% Returnables 17% Post Mix 2% Non Returnables 54% Returnables 45% Post Mix 1% Channel mix Channel Mix Mom &

  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 830.6 748.7 763.0 1,797,200 1,521,681 480.3 501.2 1,172,293 888,714 982,864 188.1 186.1 42

  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) Financial Net Debt / EBITDA (12 months)(3) Net Financial Expenses Coverage 9.7 80 1.0 7.7 0.9 60 0.8 46.3 44.9 5.7 40 3.7 24.6 0.3 0.7 0.6 2.3 2.0 0.2 0.2 0.6 1.1 1.5 20 1.7 0.2 10.6 0.

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

    Consolidated Financial Highlights (Billion Ch$) 2010 2010P 2011 2011 P 2012 2012P 2013 2013P 2014 1Q14 1Q15 2Q14 2Q15 3Q14 3Q15 Total Volume (MUCs) 489 480 502 549 596 749 763 826 831 222 219 181 181 188 186 Net Sales 889 875 983 1,083 1,172 1,477 1,522 1,640 1,797 448 504 386 410 425 433 Operating

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

    Consolidated Financial Highlights (Million US$) 2010 2010P 2011 2011 P 2012 2012P 2013 2013P 2014 1Q14 1Q15 2Q14 2Q15 3Q14 3Q15 Total Volume (MUCs) 489 480 502 549 596 749 763 826 831 222 219 181 181 188 186 Net Sales 1,742 1,716 2,031 2,239 2,411 3,038 3,071 3,311 3,151 812 806 696 663 737 640 Oper

  16. Slide 16: Consolidated Balance Sheet (as of September 30, 2015)

    Consolidated Balance Sheet (as of September 30, 2015, in million Ch$ and million USD) Assets Liabilities and Equity Cash and Cash Equivalents 161,771 Current Financial Liabilities 51,351 Current Assets 305,223 Other Current Liabilities 288,047 Non current Assets + Others 1,576,951 Non-Current Financ

  17. Slide 17: Dividends and Market Cap (as of September 30, 2015)

    Dividends and Market Cap (as of September 30, 2015) Dividend Distribution Market Cap (million Ch$) (billion USD) 71,190 71,437 71,164 5.3 68,603 52,081 3.9 3.4 38,762 3.0 3.0 2.5 2010 2011 2012 2013 2014 2015 2010 2011 2012 2013 2014 2015 Dividend Yield 2010 2011 2012 2013 2014 Series A 4.5% 4.6% 4.

  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)) 2010 2011 2011 P 2012 2012P 2013 2014 1Q14 1Q15 2Q14 2Q15 3Q14 3Q15 Sales Volume (MUC) 125 138 151 167 200 224 229 62 62 47 51 53 54 Net Sales 1,433 1,975 2,254 2,985 3,690 4,898 6,541 1,512 2,143 1,274 1,888 1,579 2,112 Operating Inco

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

    Brazil: Main Financial Highlights (Local Currency (millions)) 2010 2011 2012 2012 P 2013 2013 P 2014 1Q14 1Q15 2Q14 2Q15 3Q14 3Q15 Sales Volume (MUC) 203 205 225 253 243 305 306 80 78 70 63 69 65 Net Sales 1,412 1,545 1,814 2,030 2,142 2,657 2,959 758 811 654 673 677 690 Operating Income 251 223 260

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

    Chile: Main Financial Highlights (Local Currency (millions)) 2010 2010P 2011 2011 P 2012 2012P 2013 2014 1Q14 1Q15 2Q14 2Q15 3Q14 3Q15 Sales Volume (MUC) 162 153 158 175 185 233 235 232 63 63 51 53 52 52 Net Sales 295,659 282,271 304,948 339,116 374,873 475,824 477,918 492,072 129,267 135,551 108,78

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

    Paraguay: Main Financial Highlights (Local Currency (millions)) 2011 2012 P 2012 2013 2014 1Q14 1Q15 2Q14 2Q15 3Q14 3Q15 Sales Volume (MUC) 18 19 63 61 63 17 16 16 16 14 15 Net Sales 274,234 291,166 968,454 968,523 1,010,735 265,668 270,888 216,028 221,722 229,270 246,989 Operating Income 70,135 42,

  25. Slide 25: Corporate Presentation

    Agenda Page Corporate Presentation September 2015 [CLIENT NAME]

Embotelladora Andina — Investor Presentation (September 2015) on 6ix