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 2011
Aue Gee alse Corporate Presentation 2011 Cmbeleladera Andina
Slide 2: Forward-looking statements
Statements made in this presentation that could relate to Andina’s future performance or financial results res lts are forward-looking for ard looking statements and are based upon currently available data; however, actual results are subject to numerous uncertainties, many of which are beyond the c
Slide 3: Andina becomes the Coca-Cola bottler: company history
New bottling facility in Chile begins operations. Coca-Cola System Restructuring of Andina Andina listed joint venture (50/50) juice j i business b i becomes the on the NYSE. for the water and through joint venture Coca-Cola Franchise TCCC acquires juice business in with Coca-Cola bottler in acquire
Slide 4: Controlling Group of 4 Chilean families
The Controlling Group is composed of 4 Chilean families with equal parts, that have a shareholders’ agreement which includes TCCC. 22.5% Others 55 0% 55.0% Series A 48.7% 8.5% Controlling Chilean Pension 42.4% Group Funds Series B 11.0% Coca-Cola 9.2% ADRs Series A elects 6 of 7 Board members. Serie
Slide 5: EBITDA, revenues and total volume
EBITDA (million USD) 375,9 365,1 359,3 CAGR 6.7% Does not include Vital Jugos 303,7 290,4 277,2 Includes Vital Jugos 2007 2008 2009 2010 2010 P 2011 Chilean GAAP IFRS Revenues Total Volume (million USD) 2.031,1 (million unit cases) 501,2 489,2 CAGR 12.4% CAGR 3.8% 480,3 1.742,0 1.715,8 458,6 446,8 4
Slide 6: Franchise territories: Brazil, Chile, Argentina
Rio de Janeiro & Espirito Santo Extension: 90 thousand Km2 Population: p 17.6 million Total volume: 205.1 million UCs Metropolitan Region, San Antonio & Cachapoal Brazil Extension: 24 thousand Km2 Population: 7.7 million Total volume: 157.8 million UCs Chile Mendoza, San Juan, San Luis, Córdoba, San
Slide 7: Volume, revenues and EBITDA by country
28% 24% 18% Argentina g 31% Argentina g 31% Argentina g 39% Chile Chile Chile 41% 45% 43% Brazil Brazil Brazil Total Volume Total Revenues EBITDA 501 million unit cases 2.0 billion USD 376 million USD 7
Slide 8: Chile operations: plants, lines, trucks
N P • The Juice and Water production facilities are joint ventures with Embonor and Polar. • The Special Formats & Canning production facility is a joint venture with Embonor, Polar and Coca-Cola de Chile. • The New Plant began production in 4Q11, the current plant will shut down operations in 2Q12.
Slide 9: Chile format and channel mix
Soft Drinks Waters Juices & Others Total Volume Mix 85% 6% 9% 100% Market Share 69.3% 39.5% 35.9% 62.0% Per Capita Consumption (8 oz. Bottles) 418 36 33 487 Format Mix – Soft Drinks Channel Mix – Soft Drinks 7% Wholesales 35% 18% Single-Serving 58% Non-Returnables 14% Mom & Pops On-Premise 61% Retur
Slide 10: Soft drinks, Juices & Others, Waters
Soft drinks Juices & Others Waters 10
Slide 11: Chile total volume by category
Total Volume CAGR 2 2.7% 7% CAGR 0 0.0% 0% CAGR 12 12.0% 0% CAGR 3 3.3% 3% 5 years 5 years 5 years 5 years 20,0 23 0 23,0 J i Juices, W Waters & O Others h 16,8 17,9 14,6 23,4 24,5 Diet Soft Drinks 22,9 23,0 24,5 104,7 105,1 109,2 110,4 Regular Soft Drinks 99,4 2007 2008 2009 2010 2011 11
Slide 12: Chile financial results
Chilean GAAP IFRS 2007 2008 2009 2009 2010 2010P 2011 Sales Volume (MUC) 144,4 150,8 152,4 152,4 161,5 152,6 157,8 Net Sales 482,6 424,4 537,1 488,1 579,5 553,3 630,2 Operating Income 114,7 91,0 109,6 96,3 112,6 109,3 116,1 Operating Margin 23,8% 21,4% 20,4% 19,7% 19,4% 19,8% 18,4% EBITDA 139,8 115,
Slide 13: Brazil operations: plants and distribution
2 5 Soft Drinks Plants Distribution Centers 13 631 Lines Trucks 2,847 68 thousand Employees Clients 13
Slide 14: Brazil format and channel mix
Soft Drinks Waters Juices & Others Total1 Volume Mix 91.1% 2.2% 6.7% 100% Market Share 57.4% 9.6% 42.8% 52.1% Per Capita Consumption (8 oz. Bottles) 251 6 18 275 1 Without Beers Format Mix – Soft Drinks Channel Mix – Soft Drinks 24% 22% 86% 26% Wholesales Mom & Pops Non-Returnables Single-Serving 28
Slide 15: Soft drinks, Juices & Others, Waters, Beers
Soft Drinks Juices & Others Waters Beers 15
Slide 16: Brazil total volume by category
Total Volume CAGR 4.0% CAGR -6.5% CAGR 24.8% CAGR 4.2% 5 years 5 years 5 years 5 years 15,5 , 21,6 11,6 Juices, Waters & Beer 8,9 10,5 19,2 17,7 Diet Soft Drinks 20,5 23,2 22,5 153,1 167 8 167,8 165,8 141,0 141,7 Regular Soft Drinks 2007 2008 2009 2010 2011 16
Slide 17: Brazil financial results
Chilean GAAP IFRS 2007 2008 2009 2009 2010 2011 Sales Volume (MUC) 174,7 174,0 185,3 185,3 202,5 205,1 Net Sales 543,4 582,5 615,1 606,9 799,3 921,0 Operating Income 96,6 96,5 112,4 107,2 141,6 132,4 Operating Margin 17,8% 16,6% 18,3% 17,7% 17,7% 14,4% EBITDA 116,6 118,9 130,7 128,7 168,8 165,1 EBIT
Slide 18: Argentina operations: plants and distribution
1 1 10 Soft Drinks Plant Juice Plant Distribution Centers 8 1 273 Lines Line Trucks 1,892 44 thousand Employees Clients 18
Slide 19: Argentina format and channel mix
Soft Drinks Waters Juices & Others Total Volume Mix 93,7% 4,4% 1,9% 100% Market Share 57,3% 10,5% 19,7% 39,3% Per Capita Consumption (8 oz. Bottles) 288 14 6 308 Format Mix – Soft Drinks Channel Mix – Soft Drinks 1% Post Mix 29% 50% Wholesales Mom & Pops 52% 11% Non-Returnables Single-Serving 47% Re
Slide 20: Soft drinks, Juices & Others, Waters
Soft Drinks Juices & Others Waters 20
Slide 21: Argentina total volume by category
Total Volume CAGR 3 3.5% 5% CAGR 1 1.7% 7% CAGR 50 50.4% 4% CAGR 4.7% 5 years 5 years 5 years 5 years 8,7 67 6,7 Juices Waters & Others Juices, 1,9 3,0 1,7 10,5 10,3 9,6 9,8 Diet Soft Drinks 9,8 119,1 103,8 109,9 108,3 108,6 Regular Soft Drinks 2007 2008 2009 2010 2011 21
Slide 22: Argentina financial results
Chilean GAAP IFRS 2007 2008 2009 2009 2010 2011 Sales Volume (MUC) 115,3 122,0 120,9 120,9 125,2 138,3 Net Sales 252,1 321,7 315,7 311,8 363,2 479,9 Operating Income 26,2 34,8 42,3 41,5 46,0 53,6 Operating Margin 10,4% 10,8% 13,4% 13,3% 12,7% 11,2% EBITDA 39,3 47,6 56,2 56,0 60,1 69,7 EBITDA Margin
Slide 23: Consolidated results in USD
Chilean GAAP IFRS 2007 2008 2009 2009 2010 2010P 2011 Total Volume (MUCs) 441.3 454.6 458.6 458.6 489.2 480.3 501.2 Net Sales 1,281.3 1,331.3 1,465.4 1,404.6 1,742.0 1,715.8 2,031.1 Operating Income 232 4 232.4 217 9 217.9 256 5 256.5 237 9 237.9 292 5 292.5 289 2 289.2 294 3 294.3 Operating Margin
Slide 24: Consolidated results in CLP
Chil Chilean GAAP IFRS 2007 2008 2009 2009 2010 2010P 2011 Total Volume (MUCs) 441.3 454.6 458.6 458.6 489.2 480.3 501.2 Net Sales 636,689 847,301 743,116 785,845 888,714 875,326 982,864 Operating Income 115,494 138,677 130,061 133,123 149,234 147,562 142,424 Operating Margin 18.1% 16.4% 17.5% 16.9%
Slide 25: Balance sheet and net cash position
(Million USD) Cash & Cash Equivalents q 90 Current Financial Liabilities 23 Current Assets 363 Other Current Liabilities 355 Non current Assets + Others 881 Non-Current Financial Liabilities 145 Goodwill 11 Other Non-Current Liabilities 109 Total Equity 813 Total Assets 1,445 Total Liabilities & Equ
Slide 26: Total dividends paid out since 2000
Dividend Distribution Market Cap (million USD) (billion USD) 3,42 146 150 151 130 2,99 110 2,36 2,25 1,54 2007 2008 2009 2010 2011 2007 2008 2009 2010 2011 Total dividends paid out since 2000 = US$1.4 billion Dividend Yield 2007 2008 2009 2010 2011 Series A 7.3% 7.2% 6.6% 6.0% 4.6% Series B 7.4% 7.3
Slide 27: Visit our Website
Visit our Website een ennboliel lachorsendinacom 27