EMBOTELLADORA ANDINA S.A. CORPORATE PRESENTATION
1Q24
AGENDA
Our Company
Market Description
Our Strategy
What Makes Us Unique?
Financial Highlights
Coca-ColaAndina Investor Presentation - Swiss Market
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Our Company
The Company
LARGEST BOTTLER in Chile,
Argentina and Paraguay
and 3RD LARGEST in Brazil
15 PRODUCTION FACILITIES
95 DISTRIBUTION CENTERS
+272,000 CLIENTS
57.4 MILLION CONSUMERS
MORE THAN 16,000
EMPLOYEES
CMF (Chilean Regulator)
Local Shares and Bonds
SEC (US Regulator)
ADR's NYSE and 144A/REGS Bonds
Coca-Cola Andina at a Glance (FY 2023)
Key Financials
883 MILLION UNIT CASES (~5,000
MILLION LITERS) VOLUME
~3,100 MILLION DOLLARS REVENUES
~555 MILLION DOLLARS EBITDA
~203 MILLON DOLLARS NET INCOME
LEVERAGE 1.4x
Net Financial Debt / Adj. EBITDA (12M)
INVESTMENT GRADE RATING
BBB+ Fitch Ratings Int.
BBB S&P Global
ESG Metrics
48.83 KILOCALORIES sold every 200 ml.
1.72 LITERS OF WATER consumed per liter of beverage produced
27.5% Sales volumen
RETURNABLE PACKAGING
(on NARTD)
18.4% OF RECLYCLED RESIN used to produce PET bottles
(on Total PET OW)
0.317 MEGAJOULES
OF ENERGY consumed per liter of beverage produced
38.6% OF ENERGY consumed from renewable sources
16.9% WOMEN
Source: Company filings and public releases
Coca-ColaAndina Corporate Presentation
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Our Company | Andina's History |
Agreement | |||||||
Merger with KO Polar | to commercialize | ||||||
Andina listed | Coca-Cola System | (incorporation of new | During April we began | Agreement | and distribute | ||
Andina | on the NYSE. | joint venture (50/50) | territories in Argentina, | distributing AdeS | for | Viña Santa Rita | |
becomes the | Franchise | for the water and | Chile & Paraguay). | products, reinforcing | distributing | products in Chile, | |
Coca-Cola | acquired in | TCCC acquires | juice business in | Andina buys 40% stake | the growth trend of | Pisco Capel | and Estrella Galicia |
bottler in Chile | Brazil | 11% of Andina | Brazil and Chile | in Sorocaba Refrescos. | new categories. | products | in Brazil |
in Chile |
1946 | 1994 | 1996 | 2007-2008 | 2012 | 2017 | 2019 | 2021 | |
1985 | 1995-1996 | 2000 | 2011 | 2013 | 2018 | 2020 | 2022 |
Controlling | Franchise | NVG territories | New bottling facility in | Andina acquires | Andina acquires | Agreement | Agreement |
Shareholders acquire | acquired in | acquired in Brazil | Chile begins | Ipiranga, a Coca- | Guallarauco. | to commercialize | to commercialize |
50 % of the Company | Argentina | operations. | Cola bottler | Agreement | and distribute | and distribute | |
Restructuring of juice | in Brazil | for distributing Diageo's | ABInBev products | Campari products | |||
business through joint | Alcoholic beverages. Duque | in Chile | in Brazil | ||||
venture with Coca-Cola | de Caxias new plant begins | ||||||
bottlers in Chile | operations in Brazil |
Coca-ColaAndina Corporate Presentation
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Our Company | Ownership Structure (As of December 31, 2023) |
0.7% | 6.4% | |
14.7% | 55.4% | |
A series | Controlling Group 39.3% | |
22.8% | Others 44.8% | |
Coca-Cola 7.3% | ||
ADRs 2.9% | ||
5.1% | 5.1% | Chilean Pension Funds 5.7% |
23.1% | ||
B series
66.8%
Series A elects 12 of 14 Board members.
Series B receives an additional 10% in dividends.
The Controlling Group is composed of 4 Chilean families with equal parts, that have a shareholders' agreement which includes TCCC.
Presentation
Our Company | Regional & Diversified Platform (FY 2023) |
Volume | Revenues | Adjusted EBITDA | |||
9% | 9% | 14% | |||
35% | |||||
22% | 17% | 39% | |||
46% | 17% | ||||
883 | |||||
USD$3,094 | USD$555 | ||||
34% | MM UCs | 29% | MM | 29% | MM |
Coca-Cola Andina Corporate
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Argentina
- Territories: San Juan, Mendoza, San Luis, Córdoba, most of Santa Fé, Entre Ríos, La Pampa, Neuquén, Rio Negro, Chubut, Santa Cruz, Tierra del Fuego and Western Province of Buenos Aires.
- Extension: 1.9 million Km2
- Population covered: 17.3 million
- Total volume FY 2023: 194.2 million UCs
Brazil
- Territories: majority of the State of Rio de Janeiro, the State of Espírito Santo, part of São Paulo and part of Minas Gerais.
- Extension: 165 thousand Km2
- Population covered: 22.4 million
- Total volume FY 2023: 300.9 million UCs
Chile | Paraguay | ||
• Territories: Antofagasta, Atacama, Coquimbo, Metropolitan Region, | • Territories: the entire Paraguayan territory | ||
San Antonio, Cachapoal, Aysén and Magallanes. | • Extension: 407 thousand Km2 | ||
• | Extension: 398 thousand Km2 | • | Population covered: 7.6 million |
• | Population covered: 10.1 million | • | Total volume FY 2023: 77.6 million UCs |
- Total volume FY 2023: 309.9 million UCs
Source: Company filings and public releases
Our Company | Superior Manufacturing & Logistics Capabilities |
• | 15 Plants | • | 95 distribution centers |
• | 101 lines | • | 2,992 own & third party trucks |
Andina Corporate Presentation
Argentina
- 3 Plants with a total of 25 lines
- Average utilization ranged from 27.0% to 47.2%
- 47 distribution centers
- Fleet of 682 third party trucks
Brazil
- 3 Plants with a total of 27 lines
- Average utilization range from 67.8% to 69.5%
- 21 distribution centers
- Fleet of 1,031 owned trucks and 46 third party trucks
Coca-Cola
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Production of soft drinks
Distribution center
Production of juices
Production of soft drinks, juices and waters (cans and PET special formats)
Production of mineral waters
Chile
- 3 Plants with a total of 21 lines
- Average utilization ranged from 46.0% to 63.0%
- 20 distribution centers
- Fleet of 381 owned trucks and 495 third party trucks
- In Subsidiaries 4 additional production facilities with 17 lines
Paraguay
- 1 Plant with a total of 11 lines
- Average utilization rangev from 30.0% to 42.0%
- 7 distribution centers
- Fleet of 357 third party trucks
Reaching over 272,000 clients
Source: Company filings and public releases
Our Company | Committed to sustainable development |
Coca-ColaAndina Corporate Presentation
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Generating Social, Economic and Environmental Value in all our actions
Source: Company filings and public releases
Our Company | Achievements on sustainable development |
Coca-ColaAndina Corporate Presentation
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Water ratio (WUR)
3.0
2.0 | -14.6% |
1.0
2018 2019 2020 2021 2022 2023
Energy ratio (EUR)
0.600
0.500
0.400
0.300 -4.9% 0.200
0.100
0.000
2018 2019 2020 2021 2022 2023
Returnable packaging (on NARTD)
50.0%
40.0%
30.0%
20.0% 27.5%
10.0%
0.0%
2018 2019 2020 2021 2022 2023
Energy consumption from
renewable sources
100.0%
80.0%
60.0%
40.0% +10.3 pp
20.0%
0.0%
2019 2020 2021 2022 2023
Recycled resin (on Total PET OW)
40.0%
30.0%
20.0% | +10.5 pp | ||
10.0% | |||
0.0% | |||
2020 | 2021 | 2022 | 2023 |
Argentina
Brazil
Chile
Paraguay
Total Coca-Cola Andina
Generating Social, Economic and Environmental Value in all our actions
Our Company | Achievements on sustainable development |
Coca-ColaAndina Corporate Presentation
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Diversity: % Women1 | |||
25.0% | |||
20.0% | |||
15.0% | +3.6 pp | ||
10.0% | |||
5.0% | |||
0.0% | |||
2020 | 2021 | 2022 | 2023 |
Kilocalories sold every 200 ml.2 | |
80.0 | |
70.0 | |
60.0 | -20.1% |
50.0 |
40.0
30.0
2018 2019 2020 2021 2022 2023
Argentina
Brazil
Chile
Paraguay
Total Coca-Cola Andina
Generating Social, Economic and Environmental Value in all our actions
- Beginning 2022, the calculation of personnel is based on the headcount of the Company's own personnel, pursuant to the new general standard No. 461 of Chile's Financial Market Commission, whereas the values of previous years correspond to Full time equivalent. Argentina includes Embotelladora del Atlántico S.A. and Empaques Argentina S.A., and Chile includes Embotelladora Andina S.A., VJ S.A., Vital Aguas S.A., Envases Central S.A. and Re-Ciclar S.A.
- Values from Chile 2021 were recalculated in 2022, for greater precision in the calculation.
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Disclaimer
Embotelladora Andina SA published this content on 03 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 May 2024 17:10:08 UTC.
