Coca-cola Femsa Sab De Cv Units Cons Of 5 Shs -l- + 3 Shs Series -b- · BMV:KOF/UBL
Coca-cola Femsa Sab De Cv Units Cons Of 5 Shs -l- + 3 Shs Series -b- — Coca-Cola FEMSA — Investor Presentation (September 2006)
17 slides from Coca-cola Femsa Sab De Cv Units Cons Of 5 Shs -l- + 3 Shs Series -b-'s investor presentation, September 2006
Slide 1: Coca-Cola FEMSA
Coca-Cola FEMSA September 2006
Slide 2: Cautionary Statement
Cautionary Statement FORWARD-LOOKING STATEMENTS This presentation contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934 as amended. These forward-looking statements relate to Coca-Cola FEMSA, S.A. de C.V. and subsidiaries (“KOF”) and their bus
Slide 3: KOF – LTM June 2006
KOF – LTM June 2006 Volume (1,937 MM UC) Revenues (US$ 4,785 MM) EBITDA (US$ 1,058 MM) 8% 6% 5% 10% 14% 13% 3% 7% 10% 9% 54% 55% 6% 9% 68% 9% 6% 7% Mexico Central America Colombia Venezuela Brazil Argentina LTM 06 - Average Unit Price (USD/UC) 2.98 2.83 2.55 2.43 2.25 1.69 Mexico Central America Col
Slide 4: KOF in the beverage world
KOF in the beverage world KOF is the third largest Coca-Cola bottler in the world in terms of revenues, and the second one in terms of EBITDA generation. 18,706 17,253 2005 Revenues (US MM) 16,174 2005 EBITDA (US MM) 13,753 11,885 9,564 6,567 5,657 5,531 4,657 4,577 3,939 1,368 4,098 988 2,522 3,107
Slide 5: FEMSA’s Ownership Structure & Contribution by Business
FEMSA’s Ownership Structure & Contribution by Business Public Float 14.7% 39.6% 45.7% 100% 100% LTM 2006 Revenues LTM 2006 EBITDA US$ 10,329 mm US$ 2,166 mm 9% 28% 46% 50% 41% 26% LTM as of June 30, 2006 5
Slide 6: Strong EBITDA and FCF growth
Strong EBITDA and FCF growth A clear sign of our superior track record is our EBITDA growth and strong cash flow generation during the last 10 years….. EBITDA Free Cash Flow (US$ Million) (US$ Million) 118 (1) 1,058 1,029 394 383 899 323 742 307 293 537 223 518 206 438 330 128 37 243 244 31 (2) 1997
Slide 7: Significant Debt Reduction
Significant Debt Reduction …allowing us to reduce over US$ 900 million of net debt since the acquisition of Panamco… Cash Net Debt $2,828 $2,545 330 $2,399 $2,290 240 $2,221 194 503 307 $1,862 $1,835 $1,854 162 260 301 2,498 2,305 2,096 1,914 1,896 1,700 1,594 1,534 May 03 Dec 03 Jun 04 Dec 04 Jun 0
Slide 8: We have fostered our growth through...
We have fostered our growth through...
Slide 9: Profitability
…our multisegmentation strategy… Tailoring our multisegmentation strategy to our different markets… Mexico’s Portfolio Segments + PREMIUM + Profitability CORE SE Level 1.25 L RGB & 2.5L Ref Pet Regional - Brands - + Competition - 9
Slide 10: Price
…our packaging innovation… … adapting our packaging portfolio to market needs. In Mexico alone we have over 13 packaging presentations for brand Coca-Cola… CC 2.5 lts N-Ret CC 2.5 lts. Ret $16.00 $11.00 - $13.00 BC 3.3 lts. $12.00 - 13.00 CC 2.0 lts. N-Ret $13.00 CC 1.0 lts. N-Ret CC 1.5 lts.N-Ret P
Slide 11: …our premium soft drinks…
…our premium soft drinks… … strengthening our premium portfolio, which carries higher profitability… • In Mexico together with Coca-Cola Light, we launched a light version of every core flavored soft drink brand under a product umbrella called Spacio Leve. • In Brazil our premium brands grew over 10
Slide 12: …non carbonated beverage segment…
…non carbonated beverage segment… … exploring new beverage segments, capturing potential growth from new consumer trends… 12
Slide 13: KOF: An attractive investment
KOF: An attractive investment
Slide 14: Attractive Growth Opportunities
Attractive Growth Opportunities …we foresee several growth opportunities… • Improve per capita consumption • Opportunity to continue to capture value from our segmented product portfolio • Foster single serve consumption through directed strategies • Reinforce our portfolio of premium CSD’s brand al
Slide 15: Attractive Profitability
Attractive Profitability …we deliver attractive profitability compared to our peers… LTM EBITDA Margin June 2006 27.3% 24.7% 22.4% 22.1% 20.4% 17.5% 16.5% 13.5% 12.4% KOF Arca Andina KOF Contal Amatil Hellenic PBG CCE Mexico 15
Slide 16: Attractive Return to Investors
Attractive Return to Investors …and an attractive return to investors based on our performance. Market Capitalization (US$ Million) 5,458 4,801 4,387 4,099 3,188 2,755 2,860 2,503 2,551 1,888 1,372 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 LTM06 Stock… $9.62 $19.33 $13.25 $17.56 $22.37 $20.0
Slide 17: KOF Mexico Profitability
KOF Mexico Profitability In spite of higher raw material costs, and a more competitive environment, our Mexican operation has delivered stable results in the last two years… 54.1% 53.4% 54.7% 53.0% 53.0% 53.4% 53.2% 53.9% 53.7% 53.0% 53.0% 53.0% 52.7% 51.7% 30.7% 29.6% 27.4% 27.5% 28.5% 28.4% 25.9%
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