FUTURE- READY

COCA-COLA FEMSA

2022 INTEGRATED REPORT

At Coca-Cola FEMSA, we are building a future-ready organization to become our customers' preferred commercial platform.

Aligned with our vision, we are advancing on all of our strategic fronts-from our profound cultural transformation to our winning multi-category portfolio and industry-leading sustainable business development.

Fueled by these advances, we are not only escalating our transformation into a digitalized company- adopting technology and digital capabilities across our value chain-but also accelerating our growth into an omnichannel, multi-category player.

APPENDICES

  • 5 Letter to Our Stakeholders

  • 8 CFO Interview

  • 12 Our Footprint

  • 14 Financial & Sustainability Highlights

  • 17 Our Value Chain

  • 19 Strategy

  • 20 Sustainability

  • 26 Sustainable Financing

30

Develop a Future-Ready Portfolio

  • 41 Become our customer's preferred Omnichannel Commercial Platform

  • 50 Make a difference in environmental, social and governance (ESG)

  • 78 Strengthen our Customer-centric Culture

  • 93 Financial Summary

  • 95 Management's Discussion and Analysis

  • 99 Capital & Company Engagement

  • 100 Comprehensive Risk Management

  • 103 Corporate Governance

  • 105 Integral Ethical System

  • 106 Turnover

  • 107 Independent Verification

  • 111 Shareholder and Analyst Information

112

About Our Integrated Report

OVERVIEW

OVERVIEW

OUR FRAMEWORKOUR STRATEGIC PRIORITIESAPPENDICES

COCA-COLA FEMSA | 2022 Integrated Report | 5

CHAIRMAN'S AND CEO'S LETTER TO STAKEHOLDERS

DEAR FELLOW

STAKEHOLDERS

This year we consistently advanced on all of our strategic fronts-from our digital transformation to our winning multi-category portfolio and sustainable business development. These advances fueled our momentum and a very positive year for our company.

Fundamentally, we built on the strength of our enhanced cooperation framework with The Coca-Cola Company to align and execute ambitious growth plans and investments, while advancing our digital strategy and accelerating our transformation into an omnichannel, multi-category platform.

STRATEGIC PROGRESS AND ACHIEVEMENTS FOR 2022

During the year, we continued developing a consumer-centric portfolio, focused on affordability, innova-tion, and mix enhancement. Through our initiatives, we grew our single-serve mix, non-carbonated bev-erage volumes, and zero- and low-sugar portfolio. Notably, the new formula of Coca-Cola Zero Sugar out-performed the sparkling beverage category across our markets, achieving 27% and 11% growth in Brazil and Mexico, respectively. In terms of mix enhancement, we leveraged our multipacks, increased cooler coverage, and execution to grow our single-serve mix across our territories.

This year we consistently advanced on all of our strategic fronts-from our digital transformation to our winning multi-category portfolio and sustainable business development.

IAN CRAIG CHIEF EXECUTIVE OFFICER

JOSÉ ANTONIO FERNÁNDEZ CARBAJAL CHAIRMAN OF THE BOARD

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Disclaimer

Coca-Cola FEMSA SAB de CV published this content on 27 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 March 2023 20:56:04 UTC.