Embotelladora Andina SA · BCS:ANDINA_A
Embotelladora Andina SA — Investor Presentation (2011)
27 slides from Embotelladora Andina SA's investor presentation, 2011
Slide 1: Corporate Presentation
Corporate Presentation 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements Statements made in this presentation that could relate to Andina’s future performance or financial results are forward-looking statements and are based upon currently available data; however, actual results are subject to numerous uncertainties, many of which are beyond th
Slide 3: History
History 65 years Significant Andina production and becomes the Andina listed on Franchise acquired NVG territories distribution capacity Coca-Cola the NYSE in Argentina acquired in Brazil expansion in the three bottler in Chile franchises 1946 1994 1995 & 1996 2000 2009 & 2010 1985 1994 1996 2007 &
Slide 4: Ownership
Ownership (June 30, 2011) The Controlling Group is composed of 4 Chilean families with equal parts, that have a shareholders’ agreement which includes TCCC. 23.3% Others 53.9% Series A 48.1% 8.8% Controlling 42.4% Chilean Pension Group Series B Funds 11.0% Coca-Cola 8.8% ADRs Series A elects 6 of 7
Slide 5: Consolidated Overview
Consolidated Overview (December 31, 2010) Market Cap Total Volume1 (billion USD) 3,42 (million unit cases) 480,3 CAGR 4.8% 452,0 5 years 440,4 431,2 2,36 2,25 412,5 2,05 1,71 1,54 379,2 2005 2006 2007 2008 2009 2010 2005 2006 2007 2008 2009 2010 1Includes soft drinks, waters, juices and others sold
Slide 6: Summary
Summary (December 31, 2010) Rio de Janeiro & Espirito Santo Extension: 90 thousand Km2 Population: 17.3 million Total volume: 202.5 million UCs Metropolitan Region, San Antonio & Cachapoal Brazil Extension: 24 thousand Km2 Population: 7.6 million 1 Total volume : 152.6 million UCs Chile Mendoza, San
Slide 7: Regional Diversification
Regional Diversification (December 31, 2010) 26% 21% Argentina Argentina 16% 32% 33% Argentina 39% Chile Chile Chile 42% 46% 45% Brazil Brazil Brazil 1 Total Revenues EBITDA Total Volume 480 million unit cases 1.7 billion USD 365 million USD 1Includes soft drinks, waters, juices and others sold only
Slide 8: Chile
Chile N P 1 1 1 1 1 6 Soft Drinks Juice Plant Water Plant Special Formats New Plant Distribution Plant & Canning Plant (under construction) Centers 8 4 2 2 9 400 Lines Lines Lines Lines Lines Trucks (4 new + 5 used) 1,706 46 thousand Employees Clients • The Juice and Water production facilities are
Slide 9: Market Structure - Chile
Market Structure - Chile Soft Drinks Waters Juices Total 87% 6% 7% 100% Volume Mix 69.1% 35.6% 34.8% 62.0% Market Share Per Capita Consumption 419 29 34 482 (8 oz. bottles) Format Mix – Soft Drinks Channel Mix – Soft Drinks 3% Post Mix 7% Wholesales 59% 61% 17% Mom & Pops Returnables Single-Serving
Slide 10: Brand Portfolio - Chile
Brand Portfolio - Chile Soft Drinks Juices & Others Waters 10
Slide 11: Volume Growth - Chile
Volume Growth - Chile (million unit cases) Total Volume CAGR 2.2% CAGR 8.6% CAGR 11.1% CAGR 4.0% 5 years 5 years 5 years 5 years 20,0 16,8 17,9 14,6 13,5 11,8 23,0 23,4 22,9 18,0 24,5 15,5 100,9 104,7 105,1 109,2 98,0 99,4 2005 2006 2007 2008 2009 2010 Regular Soft Drinks Diet Soft Drinks Juices and
Slide 12: Financial Highlights - Chile
Financial Highlights - Chile (nominal million US$) C h ile a n G A A P IF R S 2006 2007 2008 2009 2009 2 0 10 1Q 10 1Q 11 2 Q 10 2 Q 11 S a le s Vo lum e (M UC ) 143,7 151,3 158,5 145,9 145,9 152,6 41,0 40,1 33,0 33,5 Ne t S a le s 403,9 482,6 424,4 537,1 488,1 579,5 141,9 158,8 115,4 138,0 Ope ra t
Slide 13: Brazil
Brazil 2 12 5 641 Soft Drinks Plants Lines Distribution Centers Trucks 2,550 68 thousand Employees Clients 13
Slide 14: Market Structure - Brazil
Market Structure - Brazil Juices Soft Drinks Waters & Others Beers Total 1 Volume Mix 92.3% 2.8% 3.9% 1.9% 100% 57.3% 7.0% 47.0% NA 52.8% Market Share Per Capita Consumption 260 5 11 NA 276 (8 oz. bottles) 1 Without Beers Format Mix – Soft Drinks Channel Mix – Soft Drinks 3% Post Mix 20% 12% 24% Mom
Slide 15: Brand Portfolio - Brazil
Brand Portfolio - Brazil Soft Drinks Juices & Others Waters Beers 15
Slide 16: Volume Growth - Brazil
Volume Growth - Brazil (million unit cases) Total Volume CAGR 5.0% CAGR 3.7% CAGR 20.9% CAGR 5.7% 5 years 5 years 5 years 5 years 15,5 11,7 9,9 10,5 7,1 6,0 19,2 20,5 17,0 23,2 22,5 16,0 141,7 141,0 153,1 167,8 138,4 131,7 2005 2006 2007 2008 2009 2010 Regular Soft Drinks Diet Soft Drinks Juices, Wa
Slide 17: Financial Highlights - Brazil
Financial Highlights - Brazil (nominal million US$) Ch ilea n GA A P IFRS 2006 2007 2008 2009 2009 2010 1Q10 1Q11 2Q10 2Q11 Sa les V olu m e (MUC) 1 6 2 ,6 1 7 4 ,7 1 7 4 ,0 1 8 5 ,3 1 8 5 ,3 2 0 2 ,5 5 3 ,4 5 3 ,7 4 3 ,4 4 4 ,9 Net Sa les 4 1 1 ,2 5 4 3 ,4 5 8 2 ,5 6 1 5 ,1 6 0 6 ,9 7 9 9 ,3 2 1 0
Slide 18: Argentina
Argentina 10 259 1 1 Distribution Trucks Soft Drinks Plant Juice Plant Centers 48 thousand 1,774 Clients Employees 18
Slide 19: Market Structure - Argentina
Market Structure - Argentina Soft Drinks Waters Juices Total 95% 4% 1% 100% Volume Mix 55.3% 8% 16.4% 41.2% Market Share Per Capita Consumption 263 11 4 278 (8 oz. bottles) Format Mix – Soft Drinks Channel Mix – Soft Drinks 1% Post Mix 29% Wholesales 50% 49% 10% Mom & Pops Returnables Single-Serving
Slide 20: Brand Portfolio - Argentina
Brand Portfolio - Argentina Soft Drinks Juices Waters 20
Slide 21: Volume Growth - Argentina
Volume Growth - Argentina (million unit cases) Total Volume CAGR 3.0% CAGR 12.1% CAGR 38.8% CAGR 4.6% 5 years 5 years 5 years 5 years 1,9 3,0 6,7 1,7 1,4 10,3 1,3 9,6 9,8 9,8 6,7 5,5 103,8 109,9 108,3 108,6 93,7 100,8 2005 2006 2007 2008 2009 2010 Regular Soft Drinks Diet Soft Drinks Juices and Wate
Slide 22: Financial Highlights - Argentina
Financial Highlights - Argentina (nominal million US$) C hile a n GAAP IF R S 2006 2007 2008 2009 2009 2 0 10 1Q 10 1Q 11 2 Q 10 2 Q 11 S a le s Vo lum e (M UC ) 108,9 115,3 122,0 120,9 120,9 125,2 33,5 36,4 26,1 29,1 Ne t S a le s 210,3 252,1 321,7 315,7 311,8 363,2 90,3 116,0 73,8 97,3 Ope ra ting
Slide 23: Consolidated Financial Highlights
Consolidated Financial Highlights (nominal million US$) Ch il ea n GA A P IFRS 2006 2007 2008 2009 2009 2010 1Q10 1Q11 2Q10 2Q11 T ot a l V olu m e (MUCs) 4 0 8 ,7 4 3 4 ,3 4 4 6 ,9 4 5 8 ,6 4 5 8 ,6 4 8 9 ,2 1 2 7 ,9 1 3 0 ,3 1 0 2 ,5 1 0 7 ,6 Net Sa les 1 .0 2 6 ,9 1 .2 8 1 ,3 1 .3 3 1 ,3 1 .4 6 5
Slide 24: Consolidated Financial Highlights (Chilean pesos)
Consolidated Financial Highlights (nominal million Chilean pesos) Ch il ea n GA A P IFRS 2006 2007 2008 2009 2009 2010 1Q10 1Q11 2Q10 2Q11 Tot a l V olu m e (MUCs) 4 0 8 ,7 4 3 4 ,3 4 4 6 ,9 4 5 8 ,6 4 5 8 ,6 4 8 9 ,2 1 2 7 ,9 1 3 0 ,3 1 0 2 ,5 1 0 7 ,6 Net Sa les 5 4 6 .7 3 2 6 3 6 .6 8 9 8 4 7 .3
Slide 25: Consolidated Balance Sheet
Consolidated Balance Sheet (as of June 30, 2011) MUS$ MUS$ Cash & Cash Equiv alents 1 90 Short Term Borrowings 59 Current Assets 293 Other Current Liabilities 31 3 Property , Plant & Equipm ent + Oth 89 9 Long Term Borrowings 1 50 Goodwill 1 28 Other Non-Current Liabilities 1 42 Total Equity 84 6 To
Slide 26: Dividend Distribution
Dividend Distribution (nominal million US$) 146 150 139 123 130 110 2005 2006 2007 2008 2009 2010 Total dividends paid out since 2000 = US$1.2 billion Dividend Yield 2005 2006 2007 2008 2009 2010 Series A 7.5% 8.2% 7.3% 7.2% 6.6% 6.0% Series B 8.2% 8.5% 7.4% 7.3% 6.0% 5.4% 26
Slide 27: Visit our website
Visit our website www.embotelladoraandina.com 27