Embotelladora Andina SA · BCS:ANDINA_A
Embotelladora Andina SA — Investor Presentation (July 2026)
35 slides from Embotelladora Andina SA's investor presentation, July 2026
Slide 1: Coca-Cola Andina Corporate Presentation 2Q26
Coca-Cola Andina Corporate Presentation 2Q26 CORPORATE PRESENTATION
Slide 2: Agenda
AGENDA Our Company Market Description Our Strategy What Makes Us Unique? Financial Highlights
Slide 3: Coca-Cola Andina at a Glance (FY 2025)
Our Company Coca-Cola Andina at a Glance (FY 2025) The Company Key Financials ESG Metrics1 LARGEST BOTTLER in Argentina, 946 MILLION UNIT CASES (~5,300 MILLION LITERS) 45.83 KILOCALORIES Chile and Paraguay, and 3RD Coca-Cola Andina Investor Presentation – Swiss Market VOLUME sold every 200 ml. LARGE
Slide 4: Andina's History
Our Company Andina’s History Merger with KO Polar Agreement (incorporation of new Agreement to commercialize Andina listed on territories in During April we began for and distribute the NYSE. Coca-Cola System joint Argentina, Chile & distributing AdeS distributing Viña Santa Rita A new brewery plant
Slide 5: Ownership Structure
Our Company Ownership Structure (As of December 31, 2025) 9.3% 0.6% 14.7% 55.4% Coca-Cola Andina Corporate Presentation A series Controlling Group 39.2% 20.0% Others 42.6% Coca-Cola 7.3% ADRs 2.2% 7.9% Chilean Pension Funds 8.6% 3.8% 23.0% 5 B series Series A elects 12 of 14 Board members. Series B
Slide 6: Regional & Diversified Platform
Our Company Regional & Diversified Platform (FY 2025) Volume Revenues Adjusted EBITDA 9% 9% 13% 34% 32% 19% 39% 23% 21% 946 USD$3,555 USD$653 Coca-Cola Andina Corporate Presentation 38% MM UCs 29% MM 34% MM Argentina Brazil • Territories: San Juan, Mendoza, San Luis, Córdoba, most of Santa Fé, Entre
Slide 7: Superior Manufacturing & Logistics Capabilities
Our Company Superior Manufacturing & Logistics Capabilities • 14 bottling plants • 97 distribution centers • 106 lines • 3,063 own & third party trucks Argentina Brazil Coca-Cola Andina Corporate Presentation • 4 bottling plants with a total of 26 lines • 3 bottling plants with a total of 31 lines •
Slide 8: Committed to sustainable development
Our Company Committed to sustainable development Coca-Cola Andina Corporate Presentation 8 Generating Social, Economic and Environmental Value in all our actions Source: Company filings and public releases
Slide 9: Achievements on sustainable development
Our Company Achievements on sustainable development Water ratio (WUR) Returnable packaging (on NARTD) Recycled resin (on Total PET OW) 3.0 50.0% 40.0% 2.5 40.0% 30.0% 2.0 -14.2% 30.0% -7.9 pp 20.0% +19.6 pp vs 2020 20.0% vs 2020 vs 2020 Coca-Cola Andina Corporate Presentation 1.5 10.0% 10.0% 1.0 0.0
Slide 10: Achievements on sustainable development
Our Company Achievements on sustainable development Diversity: % Women1 Kilocalories sold every 200 ml.2 25.0% 70.00 Coca-Cola Andina Corporate Presentation 20.0% 60.00 15.0% 10.0% +1.1 pp 50.00 -20.3% vs 2022 vs 2020 40.00 5.0% 0.0% 30.00 2020 2021 2022 2023 2024 2025 2020 2021 2022 2023 2024 2025
Slide 11: Main Indicators and Future Commitments
Our Company Main Indicators and Future Commitments1 -8.0% Scope 1 and 2 1.64 27.7% 21.4% 44.9% -3.7% 17.4% 47.45 2024 Results Scope 3 -14.9% Scope 1 and 2 1.60 27.2% 27.5% 52.5% 17.4% 45.83 2025 Results -8.0% Scope 3 Coca-Cola Andina Corporate Presentation 1.27 42.8% 30%-35% 65% -42% Contribute towa
Slide 12: Agenda
Coca-Cola Andina Corporate Presentation Our Company Market Description Our Strategy What Makes Us Unique? Financial Highlights
Slide 13: Our Market Structure at a glance
Market Description Our Market Structure at a glance (As of December 31, 2025) Market Share Channel Mix Per capita Consumption 11% (8 oz. bottles) 64% 268 39% 36% 40% 22% Coca-Cola Andina Corporate Presentation 44 29 18 27% Soft drinks Waters Juices and Others On premise Wholesalers Soft Drinks Water
Slide 14: Agenda
Coca-Cola Andina Corporate Presentation Our Company Market Description Our Strategy What Makes Us Unique? Financial Highlights
Slide 15: Strategic Objectives Coca-Cola Andina 2026-2029
Our Strategy Strategic Objectives Coca-Cola Andina 2026-2029 To be the partner of choice for our customers driven by a superior value 1 proposition (NPS, C-SAT) Growth through: • NARTD & ARTD (KO) Portfolio 2 Coca-Cola Andina Corporate Presentation • Entering New Categories by leveraging our assets
Slide 16: Agenda
Coca-Cola Andina Corporate Presentation Our Company Market Description Our Strategy What Makes Us Unique? Financial Highlights
Slide 17: What makes us unique?
What makes us unique? 1 Complete Beverage Portfolio 2 Refillable Bottles Strategy Towards a World Without Waste Coca-Cola Andina Corporate Presentation 3 Strong Sugar Reduction and Stills & Low-Cal Strategy 4 Digital Capabilities for today’s business 17 5 High Performance, strongly committed Team 6
Slide 18: Complete Beverage Portfolio (2Q26)
What makes us unique? 1 Complete Beverage Portfolio (2Q26) Argentina Brazil Chile Paraguay SSDs1 Coca-Cola Andina Corporate Presentation Juices and other NCBs1 Water Beer2 18 Spirit Beverages2 Source: Company filings and public releases. 1 SSDs: Sparkling Soft Drinks; NCBs: Non-Carbonated Beverages
Slide 19: Refillable Bottles Strategy
Refillable Bottles Strategy What makes us unique? 2 Towards a World Without Waste % Refillables as of Total SSD Volume FY2023 FY2024 FY2025 Coca-Cola Andina Corporate Presentation Argentina 41.4% 45.3% 45.5% Brazil 22.2% 23.3% 22.0% Universal Bottle 19 Chile 41.1% 39.8% 39.6% Paraguay 40.0% 40.0% 39
Slide 20: Strong Sugar Reduction and Stills & Low-Cal Strategy
Strong Sugar Reduction and What makes us unique? 3 Stills & Low-Cal Strategy % of NARTD Total Volume (*) No Sugar & LowCal Stills Mix Coca-Cola Andina Corporate Presentation 9% 26% 11% 32% 4% 18% 4% 20% 2010 2025 2010 2025 2010 2025 2010 2025 Argentina Brazil Argentina Brazil 20 21% 58% 11% 25% 13%
Slide 21: Digital Capabilities for today's business
Digital Capabilities What makes us unique? 4 for today’s business Interaction with our Customers & Internal Market Consumers Generation of Efficiency & Productivity Operations Customers App • Customer & Consumers Centric • Digitize operation information flows to generate data-based Coca-Cola Andina
Slide 22: Digital Capabilities for today's business
Digital Capabilities What makes us unique? 4 for today’s business Interaction with our Customers & Internal Market Consumers Generation of Efficiency & Productivity Operations Customers Tracking Orders • Application to manage inventory, track operations and deliveries in near real time. • Our B2B op
Slide 23: High Performance, strongly engaged Team
High Performance, What makes us unique? 5 strongly engaged Team Experienced Senior Management (2Q26) - Building on our longstanding practice of Industry Company Industry Company Experience Experience Experience Experience measuring organizational climate, in 2022 (Years) (Years) (Years) (Years) we a
Slide 24: Learning and Sharing for Continued Improvement
Learning and Sharing for What makes us unique? 6 Continued Improvement High-level forum to share strategy, best practices, new ways of working Top 2 Top and projects to ensure short and long-term results. Coca-Cola Andina Corporate Presentation Growth Alignment and Project Portfolio (SSD, Stills, Fa
Slide 25: Agenda
Coca-Cola Andina Corporate Presentation Our Company Market Description Our Strategy What Makes Us Unique? Financial Highlights
Slide 26: Strong EBITDA Generation (Consolidated)
Financial Highlights Strong Ebitda Generation (Consolidated) Adjusted EBITDA and Adjusted EBITDA Margin (CLP$ mm) EBITDA Margin Argentina Brazil Chile Paraguay TOTAL Coca-Cola Andina Corporate Presentation 21% 18%¹ 17% 18% 18% 18% 16% 17% 614,608 CAGR +11.9% 578,192 464,510 470,108 397,213 350,532 1
Slide 27: Strong EBITDA Generation
Financial Highlights Strong Ebitda Generation Argentina1 Brazil (Million AR$) Ebitda Margin (%) (Million R$) Ebitda Margin (%) 1,400 1,252 280,000 232,854 1,200 240,000 1,000 200,000 177,199 763 Coca-Cola Andina Corporate Presentation 800 160,000 120,000 600 34,695 35,005 400 289 315 80,000 40,000 2
Slide 28: Solid Financial Position
Financial Highlights Solid Financial Position Financial Debt1 (USD$ mm) Banks Bonds Total Short Term Financial Debt Long Term Financial Debt 161 1,041 1,202 Risk Ratings US$mm Local rating agencies Rating % 13% 87% 100% Moody’s Local CL AA+ 1,217 1,180 1,146 1,209 1,202 Note: Banks includes Bank, Le
Slide 29: Solid Financial Position
Financial Highlights Solid Financial Position Financial Ratios (I) Financial Ratios (II) Financial Debt/Equity Ratio(1) Net Financial Debt(2)/Equity Ratio Net Financial Debt(2)/Adj. Ebitda(3) Debt Coverage Ratio (4) 1.1 1.1 19.9 1.0 1.0 0.9 15.0 0.8 13.6 0.7 12.7 12.1 Coca-Cola Andina Corporate Pres
Slide 30: Dividends (as of June 30, 2026)
Financial Highlights Dividends (as of June 30, 2026) Dividend Distribution1 (million CLP$) 274,316 Coca-Cola Andina Corporate Presentation 50,689 194,804 164,987 157,036 106,347 101,378 2021 2022 2023 2024 2025 2026 Dividend Yield2 2021 2022 2023 2024 2025 Series A 6.8% 17.3% 10.1% 9.1% 8.2% 30 Seri
Slide 31: Contact in Santiago, Chile
Coca-Cola Andina Corporate Presentation Contact in Santiago, Chile Paula Vicuña, Investor Relations Officer (56-2) 2338-0520 / andina.ir@koandina.com
Slide 32: Appendix
Coca-Cola Andina Corporate Presentation Appendix
Slide 33: Our Market Structure by operation
Market Description Our Market Structure by operation (As of December 31, 2025) Market Share Per capita Consumption Product Mix Channel Mix Format Mix SSD Sugary Mix NARTD (8 oz. bottles) 9% 7% 9% 26% 57% 39% 46% 209 45% 15% 33% 23 19 74% 82% 21% Soft Drinks Waters Juice and On premise Wholesalers So
Slide 34: Main Financial Highlights (Million USD$)
Main Financial Highlights (Million USD$) 2020 20211 20221 2023 2024 2025 2Q25 2Q26 Total Volume (million UCs) 735 828 874 883 909 946 207 214 Net Sales 2,190 2,848 3,058 3,094 3,371 3,555 782 907 Operating Income 306 378 397 422 448 483 85 103 Operating Margin 14.1% 13.3% 13.0% 13.6% 13.3% 13.6% 10.
Slide 35: Main Financial Highlights (Local Currency)
Main Financial Highlights (Local Currency (million)) 20201 20211 20221 20231 20241 20251 2Q251 2Q26 2020 2021 2022 2023 2024 2025 2Q25 2Q26 Sales Volume (million UCs) 167 185 201 194 173 184 39 36 Sales Volume (million UCs) 265 266 278 301 340 358 83 89 Net Sales 37,737 65,297 142,559 424,298 826,92
Embotelladora Andina S.A. (Coca-Cola Andina) — Investor Presentation (July 2026) on 6ix