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Financial Statements 4Q24 Final Version 1

Coca-Cola FEMSA reported a 14.3% increase in total revenues for Q4 2024 compared to Q4 2023, with a gross profit increase of 17.1%. The Mexico & Central America division saw a revenue growth of 10.4%, while South America experienced a 19.4% increase. The consolidated net income for Q4 2024 rose by 32.3% to 7,499 million pesos, reflecting strong operational performance across regions.

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0% found this document useful (0 votes)
51 views28 pages

Financial Statements 4Q24 Final Version 1

Coca-Cola FEMSA reported a 14.3% increase in total revenues for Q4 2024 compared to Q4 2023, with a gross profit increase of 17.1%. The Mexico & Central America division saw a revenue growth of 10.4%, while South America experienced a 19.4% increase. The consolidated net income for Q4 2024 rose by 32.3% to 7,499 million pesos, reflecting strong operational performance across regions.

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ngochan8102005
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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FINANCIAL SUMMARY FOR THE FOURTH QUA

Change vs. same period of last year

Total Revenues Gross Profit


4Q24 FY 2024 4Q24
Consolidated 14.3% 14.2% 17.1%
As Reported Mexico & Central America 10.4% 11.8% 10.0%
South America 19.4% 17.8% 28.1%

Consolidated 13.0% 14.3% 15.5%


Comparable (2) Mexico & Central America 7.2% 10.8% 6.7%
South America 21.0% 20.1% 29.5%
R THE FOURTH QUARTER RESULTS
same period of last year

Gross Profit Operating Income Majority Net Income


FY 2024 4Q24 FY 2024 4Q24 FY 2024
16.1% 25.0% 17.4% 35.1% 21.5%
12.7% 23.7% 14.9%
22.3% 26.9% 22.7%

16.1% 23.2% 17.6%


11.6% 19.0% 13.7%
24.4% 29.3% 26.0%
4Q24
FY 2024

327472.704
15,874.85
CONSOLIDATED FOURTH QUARTER RESULTS

As Reported
Expressed in millions of Mexican pesos 4Q 2024 4Q 2023
Total revenues 75,528 66,078
Gross profit 35,695 30,475
Operating income 12,092 9,674
Adj. EBITDA (2) 16,104 13,149

CONSOLIDATED FULL YEAR RESULTS

As Reported
Expressed in millions of Mexican pesos FY 2024 FY 2023
Total revenues 279,793 245,088
Gross profit 128,736 110,860
Operating income 40,141 34,180
Adj. EBITDA (2) 56,205 46,418

MEXICO & CENTRAL AMERICA DIVISION RESULTS

As Reported
Expressed in millions of Mexican pesos 4Q 2024 4Q 2023
Total revenues 41,540 37,622
Gross profit 20,255 18,422
Operating income 6,947 5,618
Adj. EBITDA (2) 9,531 7,704

SOUTH AMERICA DIVISION RESULTS

As Reported
Expressed in millions of Mexican pesos 4Q 2024 4Q 2023
Total revenues 33,988 28,456
Gross profit 15,439 12,054
Operating income 5,145 4,056
Adj. EBITDA (2) 6,572 5,444
4Q 2024 4Q 2023
FY 2024 FY 2023
UARTER RESULTS

s Reported Comparable (1)


Δ% Δ%
14.3% 13.0%
17.1% 15.5%
25.0% 23.2%
22.5% 20.7%

YEAR RESULTS

s Reported Comparable (1)


Δ% Δ%
14.2% 14.3%
16.1% 16.1%
17.4% 17.6%
21.1% 21.1%

A DIVISION RESULTS

s Reported Comparable (1)


Δ% Δ%
10.4% 7.2%
10.0% 6.7%
23.7% 19.0%
23.7% 19.2%

ION RESULTS

s Reported Comparable (1)


Δ% Δ%
19.4% 21.0%
28.1% 29.5%
26.9% 29.3%
20.7% 22.8%
COCA-COLA FEMSA
CONSOLIDATED BALANCE SHEET
Millions of Pesos

Assets Dec-24 Dec-23 % Var. Liabilities & Equity Dec-24

Current Assets Current Liabilities

Short-term bank loans and notes payable 3,314


Cash, cash equivalents and marketable
securities 32,779 31,060 6% Suppliers 33,773
Total accounts receivable 18,620 17,749 5% Short-term leasing Liabilities 889
Inventories 14,059 11,880 18% Other current liabilities 29,194
Other current assets 9,675 7,049 37% Total current liabilities 67,171
Total current assets 75,132 67,738 11% Non-Current Liabilities -
Non-Current Assets - - Long-term bank loans and notes payable 70,383
Property, plant and equipment 161,785 133,406 21% Long Term Leasing Liabilities 2,295
Accumulated depreciation (62,404) (54,676) 14% Other long-term liabilities 17,595
Total property, plant and equipment, net 99,381 78,730 26% Total liabilities 157,445
Right of use assets 2,989 2,388 25% Equity -
Investment in shares 10,233 9,246 11% Non-controlling interest 7,113
Intangible assets and other assets 101,876 101,162 1% Total controlling interest 143,428
Other non-current assets 18,375 14,256 29% Total equity 150,542
Total Assets 307,986 273,520 13% Total Liabilities and Equity 307,986

Dec 31, 2024

% Total Debt % Interest Rate Average


Debt Mix (1) Floating (1) (2) Rate Debt Maturity Profile

Currency
Mexican Pesos 59.1% 3.7% 8.7%
U.S. Dollars 18.3% 53.2% 4.2%
Colombian Pesos 2.4% 15.5% 8.1%
Brazilian Reals 19.2% 18.8% 9.8%
Argentine Pesos 0.9% 0.0% 50.1%
Total Debt 100% 23.9% 8.4%

(1)
After giving effect to cross- currency swaps.
(2)
Calculated by weighting each year´s outstanding debt balance mix.

Financial Ratios Dec 31, 2024 Dec 31, 2023 Δ%

Net debt including effect of hedges (1)(3) 38,329 37,794 1.4%


Net debt including effect of hedges / Adj. 0.68 0.81
EBITDA (1)(3)

12.51 11.86
Adj. EBITDA/ Interest expense, net (1)
Capitalization (2) 33.3% 32.8%
(1)
Net debt = total debt - cash
(2)
Total debt / (total debt + shareholders' equity)
(3)
After giving effect to cross-currency swaps.
Dec-23

140
27,351
752
26,673
54,916
-
65,074
1,769
18,056
139,815
-
6,680
127,025
133,705
273,520
FEMSA Comercio - Retail Division
Results of Operations
Millions of Pesos

#REF! #REF!
#REF! % of rev. #REF! % of rev. % Var. #REF! % of rev. #REF! % of rev. % Var.
Total revenues #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF!
Cost of sales #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF!
Gross profit #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF!
Administrative expenses #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF!
Selling expenses #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF!
Other operating expenses (income), net #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF!
Income from operations #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF!
Depreciation #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF!
Amortization & other non-cash charges #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF!
Operative cash flow #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF!
CAPEX #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF! #REF!

Information of OXXO Stores


Total stores #REF! #REF! #REF! #REF! #REF! #REF!
Net new convenience stores: 13.5
vs. Last quarter #REF! #REF! #REF!
Year-to-date #REF! #REF! #REF!
Last-twelve-months #REF! #REF! #REF!

Same-store data: (1)


Sales (thousands of pesos) #REF! #REF! #REF! #REF! #REF! #REF!
Traffic (thousands of transactions) #REF! #REF! #REF! #REF! #REF! #REF!
Ticket (pesos) #REF! #REF! #REF! #REF! #REF! #REF!

(A)
Organic basis (% Org.) Excludes the effects of significant mergers and acquisitions in the last twelve month
(1)
Monthly average information per store, considering same stores with more than twelve months of operations, income from services are included.
COCA-COLA FEMSA
CONSOLIDATED INCOME STATEMENT
Millions of Pesos (1)

For the Fourth Quarter of:

2024 % of Rev. 2023 % of Rev. Δ% Reported Δ% Comparable (7)

Transactions (million transactions) 6,445.3 6,194.6 4.0% 4.0%


Volume (million unit cases) 1,079.1 1,056.2 2.2% 2.2%
Average price per unit case 67.45 60.24 12.0%
Net revenues 75,302 65,830 14.4%
Other operating revenues 226 248 -9.2%
Total revenues (2) 75,528 100.0% 66,078 100.0% 14.3% 13.0%
Cost of goods sold 39,833 52.7% 35,603 53.9% 11.9%
Gross profit 35,695 47.3% 30,475 46.1% 17.1% 15.5%
Operating expenses 23,883 31.6% 20,413 30.9% 17.0%
Other operative expenses, net (253) -0.3% 433 0.7% NA
Operative equity method (gain) loss in associates(3) (27) 0.0% (45) -0.1% -39.6%
Operating income (5) 12,092 16.0% 9,674 14.6% 25.0% 23.2%
Other non operative expenses, net (36) 0.0% 50 0.1% NA
Non Operative equity method (gain) loss in associates (4)
(37) 0.0% (132) -0.2% -71.7%
Interest expense 1,935 1,791 8.0%
Interest income 870 730 19.2%
Interest expense, net 1,065 1,062 0.3%
Foreign exchange loss (gain) (57) 317 NA
Loss (gain) on monetary position in inflationary subsidiaries
(61) (4) 1564.0%
Market value (gain) loss on financial instruments 33 (90) NA
Comprehensive financing result 980 1,285 -23.7%
Income before taxes 11,185 8,470 32.1%
Income taxes 3,686 2,802 31.6%
Result of discontinued operations - - NA
Consolidated net income 7,499 5,669 32.3%
Net income attributable to equity holders of the company 7,286 9.6% 5,392 8.2% 35.1% 32.0%
Non-controlling interest 213 0.3% 277 0.4% -22.9%

Adj. EBITDA & CAPEX 2024 % of Rev. 2023 % of Rev. Δ% Reported Δ% Comparable (7)

Operating income (5) 12,092 16.0% 9,674 14.6% 25.0% 23.2%


Depreciation 3,012 2,632 14.4%
Amortization and other operative non-cash charges 1,000 843 18.6%
Adj. EBITDA (5)(6) 16,104 21.3% 13,149 19.9% 22.5% 20.7%
CAPEX(8) 13,778 9,837 40.1%

(A)
The Philippines is presented as a discontinued operation as of January 1, 2018, and the consolidated income statements presented herein are re-presented as if the Philippines had been
discontinued from February 2017, date of the consolidation
of said operation.

(B)
Organic basis (% Org.) Excludes the effects of significant mergers and acquisitions in the last twelve month and the results of Coca-Cola FEMSA Venezuela in 2017.

(1)
Other operating expenses (income), net = other operating expenses (income) +(-) equity method from operated associates.
(2)
Income from operations = gross profit - administrative and selling expenses - other operating expenses (income), net.
(3)
Mainly represents the equity method participation in Heineken´s results, net.
(4)
Total current assets / total current liabilities.
(5)
Income from operations + depreciation + amortization & other / interest expense, net.
(6)
Total liabilities / total stockholders' equity.
(7)
Total debt / long-term debt + stockholders' equity.

Total debt = short-term bank loans + current maturities of long-term debt + long-term bank loans.
MEXICO & CENTRAL AMERICA DIVISION
RESULTS OF OPERATIONS
Millions of Pesos (1)

For the Fourth Quarter of:

Δ% Δ% Comparable
2024 % of Rev. 2023 % of Rev. Reported (6)

Transactions (million transactions) 3,091.7 2,981.7 3.7% 3.7%


Volume (million unit cases) 589.6 580.9 1.5% 1.5%
Average price per unit case 69.66 64.28 8.4%
Net revenues 41,517 37,603
Other operating revenues 23 19
Total Revenues (2) 41,540 100.0% 37,622 100.0% 10.4% 7.2%
Cost of goods sold 21,284 51.2% 19,200 51.0%
Gross profit 20,255 48.8% 18,422 49.0% 10.0% 6.7%
Operating expenses 13,485 32.5% 12,663 33.7%
Other operative expenses, net (176) -0.4% 150 0.0%
Operative equity method (gain) loss in associates (3) (1) 0.0% (9) 0.0%
Operating income (4) 6,947 16.7% 5,618 14.9% 23.7% 19.0%
Depreciation, amortization & other operating non-cash charges 2,584 6.2% 2,086 5.5%
Adj. EBITDA (4)(5) 9,531 22.9% 7,704 20.5% 23.7% 19.2%

(1)
Except volume and average price per unit case figures.
(2)
Quarter information: Includes total revenues of Ps. 20,921 million from our Mexican operation for the fourht quarter of 2018 and 20,044 for the same period of the previous year
(2)
Accumulated information: Includes total revenues of Ps. 84,352 million from our Mexican operation for the full year 2018 and 79,850 for the same period of the previous year
(3)
Includes equity method for jugos del Valle, Estrella azul, among others.
(4)
The operating income and operative cash flow lines are presented as non-gaap measures for the convenience of the reader.
SOUTH AMERICA DIVISION
RESULTS OF OPERATIONS
Millions of Pesos (1)

For the Fourth Quarter of:

2024 % of Rev. 2023 % of Rev.


Transactions (million transactions) 3,353.5 3,212.9
Volume (million unit cases) 489.5 475.3
Average price per unit case 64.80 55.32
Net revenues 33,785 28,227
Other operating revenues 203 229
Total Revenues (2) 33,988 100.0% 28,456 100.0%
Cost of goods sold 18,549 54.6% 16,403 57.6%
Gross profit 15,439 45.4% 12,054 42.4%
Operating expenses 10,398 30.6% 7,750 27.2%
Other operative expenses, net (77) -0.2% 284 1.0%
Operative equity method (gain) loss in associates (3) (27) -0.1% (36) -0.1%
Operating income (4) 5,145 15.1% 4,056 14.3%
Depreciation, amortization & other operating non-cash charges 1,427 4.2% 1,389 4.9%
Adj. EBITDA (4)(5)
6,572 19.3% 5,444 19.1%

(1)
Except volume and average price per unit case figures.

Sales volume and average price per unit case exclude beer results.
(2)

Quarter information: Includes total revenues of Ps. 17,433 million from our Brazilian operation, Ps. 3,790 million from our Colombian operation, and Ps. 2,381 million from
(3)

Argentine operation for the fourth quarter of 2018; and Ps. 17,017 million from our Brazilian operation, Ps. 3,708 from our Colombian operation, and Ps. 4,290 million from o
Argentine operation for the same period of the previous year. Total Revenues includes Beer revenues in Brazil of Ps. 4,491 million for the fourth quarter of 2018 and Ps. 3,91
for the same period of the previous year.

Full year information: Includes total revenues of Ps. 56,523 million from our Brazilian operation, Ps. 14,580 million from our Colombian operation, and Ps. 9,152 million from
(3)

Argentine operation for the period of 2018; and Ps. 56,518 million from our Brazilian operation, Ps. 14,222 from our Colombian operation, and Ps. 13,869 million from our Arg
operation for the same period of the previous year. Total Revenues includes Beer revenues in Brazil of Ps. 13,849 million for the full year 2018 and Ps. 12,608 million for the s
period of the previous year.

(4)
Includes equity method in Leao Alimentos, Verde Campo, among others.
(5)
The operating income and operative cash flow lines are presented as non-gaap measures for the convenience of the reader.
(6)
Operative cash flow = operating income + depreciation, amortization & other operative non-cash charges.

Comparable means, with respect to a year-over-year comparison, the change in a given measure excluding the effects of (i) mergers, acquisitions and divestitures, (ii) trans
(7)

effects resulting from exchange rate movements (iii) the results of hyperinflationary economies in both periods, and (iv).
AMERICA DIVISION
TS OF OPERATIONS
Millions of Pesos (1)

urth Quarter of: For the Full Year:

Δ% Δ% Comparable Δ% Δ% Comparable
Reported (6)
2024 % of Rev. 2023 % of Rev. Reported (6)

4.4% 4.4% 12,002.6 11,398.3 5.3% 5.3%


3.0% 3.0% 1,730.6 1,653.1 4.7% 4.7%
17.1% 60.98 53.43 14.1%
112,058 94,944
739 782
19.4% 21.0% 112,797 100.0% 95,726 100.0% 17.8% 20.1%
64,843 57.5% 56,531 59.1%
28.1% 29.5% 47,954 42.5% 39,195 40.9% 22.3% 24.4%
34,291 30.4% 27,755 29.0%
231 0.2% 531 0.6%
(78) -0.1% (102) -0.1%
26.9% 29.3% 13,511 12.0% 11,011 11.5% 22.7% 26.0%
6,127 5.4% 4,585 4.8%
20.7% 22.8% 19,637 17.4% 15,596 16.3% 25.9% 28.8%

n operation, and Ps. 2,381 million from our


operation, and Ps. 4,290 million from our
the fourth quarter of 2018 and Ps. 3,913 million

bian operation, and Ps. 9,152 million from our


tion, and Ps. 13,869 million from our Argentine
ear 2018 and Ps. 12,608 million for the same

, acquisitions and divestitures, (ii) translation


COCA-COLA FEMSA
MACROECONOMIC INFORMATION

Inflation (1)

LTM 4Q24 YTD


Mexico 4.21% 1.32% 4.21%
Colombia 5.20% 0.55% 5.20%
Brasil 4.83% 1.81% 4.83%
Argentina 117.76% 7.87% 117.76%
Costa Rica 0.84% 0.47% 0.84%
Panama -0.19% -0.55% -0.19%
Guatemala 1.70% -0.57% 1.70%
Nicaragua 2.84% -0.10% 2.84%
Uruguay 5.49% 1.15% 5.49%

(1)
Source: inflation estimated by the company based on historic publications from the Central Bank of each country.

Average Exchange Rates for each period (2)

Quarterly Exchange Rate Year to Date Exchange Rate


(Local Currency per USD) (Local Currency per USD)

4Q24 4Q23 Δ% YTD 24 YTD 23 Δ%


México 20.07 17.58 14.1% 18.30 17.77 3.0%
Colombia 4,351.70 4,071.19 6.9% 4,074.44 4,325.96 -5.8%
Brasil 5.84 4.95 18.0% 5.39 4.99 7.9%
Argentina 1001.46 448.97 123.1% 916.29 296.61 208.9%
Costa Rica 513.80 534.44 -3.9% 518.22 547.36 -5.3%
Panama 1.00 1.00 0.0% 1.00 1.00 0.0%
Guatemala 7.72 7.83 -1.5% 7.76 7.83 -0.9%
Nicaragua 36.62 36.58 0.1% 36.62 36.44 0.5%
Uruguay 42.67 39.53 7.9% 40.21 38.82 3.6%

End-of-period Exchange Rates


Closing Exchange Rate Closing Exchange Rate
(Local Currency per USD) (Local Currency per USD)

Dec-24 Dec-23 Δ% Sep-24 Sep-23 Δ%


México 20.27 16.89 20.0% 19.63 17.62 11.4%
Colombia 4,409.15 3,822.05 15.4% 4,164.21 4,053.76 2.7%
Brasil 6.19 4.84 27.9% 5.45 5.01 8.8%
Argentina 1,032.00 808.45 27.7% 970.50 349.95 177.3%
Costa Rica 512.73 526.88 -2.7% 522.87 542.35 -3.6%
Panama 1.00 1.00 0.0% 1.00 1.00 0.0%
Guatemala 7.71 7.83 -1.5% 7.72 7.86 -1.7%
Nicaragua 36.62 36.62 0.0% 36.62 36.53 0.3%
Uruguay 44.07 39.02 12.9% 41.64 38.56 8.0%

(2)
Average exchange rate for each period computed with the average exchange rate of each month.
COCA-COLA FEMSA
QUARTERLY- VOLUME, TRANSACTIONS

Volume
4Q 2024
Sparkling Water (1)
Bulk (2) Stills
Mexico 346.9 29.1 84.9 36.6
Guatemala 43.2 1.5 - 2.6
CAM South 37.5 1.9 0.9 4.6
Mexico and Central America 427.6 32.5 85.8 43.8
Colombia 71.4 10.0 3.7 6.6
Brazil (3)
274.5 24.6 2.8 27.7
Argentina 39.0 7.1 1.9 4.6
Uruguay 12.4 2.1 - 1.1
South America 397.4 43.8 8.4 40.0
TOTAL 824.9 76.3 94.2 83.7

(1)
Excludes water presentations larger than 5.0 Lt ; includes flavored water.
(2)
Bulk Water = Still bottled water in 5.0, 19.0 and 20.0 - liter packaging presentations; includes flavored water

Transactions
4Q 2024
Sparkling Water Stills
Mexico 1,937.0 208.6 259.2
Guatemala 317.9 14.0 20.6
CAM South 269.5 12.6 52.4
Mexico and Central America 2,524.3 235.2 332.2
Colombia 511.0 101.4 49.4
Brazil (3)
1,821.5 213.9 314.3
Argentina 189.1 40.9 37.0
Uruguay 57.7 8.3 9.1
South America 2,579.3 364.4 409.8
TOTAL 5,103.6 599.6 742.0

Revenues
Expressed in million Mexican Pesos 4Q 2024 4Q 2023 Δ%
Mexico 33,078 30,709 7.7%
Guatemala 4,123 3,353 23.0%
CAM South 4,339 3,560 21.9%
Mexico and Central America 41,540 37,622 10.4%
Colombia 6,145 5,094 20.6%
Brazil (4) 22,099 20,125 9.8%
Argentina 3,996 1,932 106.8%
Uruguay 1,748 1,305 33.9%
South America 33,988 28,456 19.4%
TOTAL 75,528 66,078 14.3%

(3)
Volume and transactions in Brazil do not include beer
(4)
Brazil includes beer revenues of Ps. 1,571.7 million for the fourth quarter of 2024 and Ps. 1,734.2 million for the same period of the previo
COCA-COLA FEMSA
OLUME, TRANSACTIONS & REVENUES

4Q 2023 YoY
Total Sparkling Water(1)
Bulk(2)
Stills Total Δ%
497.4 346.1 26.4 85.8 35.1 493.4 0.8%
47.2 40.5 1.3 - 2.7 44.4 6.4%
44.9 35.5 2.0 0.9 4.7 43.1 4.2%
589.6 422.1 29.7 86.7 42.5 580.9 1.5%
91.6 70.9 10.2 3.5 7.4 91.9 -0.3%
329.6 266.4 22.4 3.2 26.0 318.0 3.7%
52.6 37.8 6.6 1.9 4.8 51.1 2.9%
15.7 12.0 1.7 - 0.8 14.4 8.9%
489.5 387.0 40.8 8.5 39.0 475.3 3.0%
1,079.1 809.1 70.5 95.2 81.5 1,056.2 2.2%

4Q 2023 YoY
Total Sparkling Water Stills Total Δ%
2,404.7 1,900.7 190.7 243.8 2,335.2 3.0%
352.5 293.4 12.9 21.9 328.2 7.4%
334.5 251.1 13.2 54.0 318.3 5.1%
3,091.7 2,445.2 216.9 319.7 2,981.7 3.7%
661.7 513.5 106.6 68.2 688.2 -3.9%
2,349.8 1,705.0 191.3 292.1 2,188.3 7.4%
267.0 182.6 41.0 44.5 268.1 -0.4%
75.1 55.0 6.6 6.5 68.2 10.1%
3,353.5 2,456.1 345.5 411.2 3,212.9 4.4%
6,445.3 4,901.3 562.4 730.9 6,194.6 4.0%
million for the same period of the previous year.
vOLUME (1)
Argentina Uruguay
5% 1%

Mexico 497.4
Guatemala 47.2
Brazil (3)
CAM South 44.9 31% Mexico
46%
Colombia 91.6216
Brazil (3) 329.6000
Argentina 52.5617
Uruguay 15.6981

Colombia
8% CAM South
Guatemala
4% 4%

Transactions (2)
Argentina Uruguay
4% 1%

Mexico
37%
0.37
Brazil (3)
Mexico 2,404.7 36%

Guatemala 352.5
CAM South 334.5
Colombia 661.7214
Brazil (3) 2,349.7692
Argentina 266.9789 Guatemala
5%
Uruguay 75.0575 Colombia CAM South
10% 5%
6,445.2584
vOLUMEn (1)
Uruguay
5% 1%

México 421.6
Centroaméri 56.4
Argentina
Mexico Colombia 60.3865 31% México
46% 46%
Brasil 212.4240
Argentina 34.7119
Uruguay 10.5839

Brasil
ala 8%
Colombia Centroamérica
4% 4%

s (2)

TRANSACCIONES (2)
Mexico
37% Uruguay
1%
México 2,223.1 4%

Centroaméri 465.3
Colombia 457.7892
México
Brasil 1,435.6856 37%

Argentina 203.9815 Argentina


36%
Uruguay 54.9943
Guatemala 4,840.8592
5%
CAM South
5%

Centroamérica
5%
Brasil Colombia
10% 5%
(1)

México
46%

Centroamérica
4%

ES (2)

México
37%

Centroamérica
5%
Colombia
5%
COCA-COLA FEMSA
YTD- VOLUME, TRANSACTIONS & R

Volume
YTD 2024
Sparkling Water (1)
Bulk (2) Stills
Mexico 1,454.8 136.1 375.2 158.2
Guatemala 174.0 9.0 - 9.7
CAM South 145.6 6.3 3.8 21.3
Mexico and Central America 1,774.3 151.5 379.0 189.3
Colombia 267.9 40.4 15.6 28.4
Brazil (3)
966.1 83.3 10.2 99.7
Argentina 126.4 21.4 7.1 13.4
Uruguay 40.6 6.9 - 3.2
South America 1,400.9 152.1 32.9 144.7
TOTAL 3,175.3 303.5 411.9 333.9

(1)
Excludes water presentations larger than 5.0 Lt ; includes flavored water.
(2)
Bulk Water = Still bottled water in 5.0, 19.0 and 20.0 - liter packaging presentations; includes flavored water

Transactions
YTD 2024
Sparkling Water Stills
Mexico 8,071.4 948.3 1,112.2
Guatemala 1,299.1 65.0 95.4
CAM South 1,058.5 56.3 220.5
Mexico and Central America 10,428.9 1,069.6 1,428.1
Colombia 1,951.1 412.9 228.8
Brazil (3)
6,428.1 725.8 1,132.2
Argentina 634.6 129.4 113.4
Uruguay 193.3 26.9 26.1
South America 9,207.1 1,295.0 1,500.5
TOTAL 19,636.0 2,364.6 2,928.6

Revenues
Expressed in million Mexican Pesos YTD 2024 YTD 2023 Δ%
Mexico 135,906 122,615 10.8%
Guatemala 15,524 13,016 19.3%
CAM South 15,566 13,731 13.4%
Mexico and Central America 166,996 149,362 11.8%
Colombia 20,994 17,680 18.7%
Brazil (4) 74,126 66,963 10.7%
Argentina 12,557 6,668 88.3%
Uruguay 5,119 4,415 15.9%
South America 112,797 95,726 17.8%
TOTAL 279,793 245,088 14.2%

(3)
Volume and transactions in Brazil do not include beer
(4)
Brazil includes beer revenues of Ps. 5,276.1 million for the full year of 2024 and Ps. 6,116.7 million for the same period of the previous yea
COCA-COLA FEMSA
ME, TRANSACTIONS & REVENUES

YTD 2023 YoY


Total Sparkling Water(1)
Bulk(2)
Stills Total Δ%
2,124.3 1,408.7 121.7 376.6 145.9 2,052.9 3.5%
192.8 157.6 7.0 - 9.6 174.2 10.7%
177.0 136.4 6.8 2.7 21.8 167.7 5.5%
2,494.1 1,702.7 135.4 379.3 177.3 2,394.8 4.1%
352.3 264.7 39.2 14.0 29.6 347.6 1.4%
1,159.3 902.4 75.2 10.2 87.4 1,075.1 7.8%
168.3 135.1 21.0 5.8 16.8 178.7 -5.8%
50.7 40.6 8.7 - 2.4 51.7 -1.9%
1,730.6 1,342.7 144.2 30.0 136.1 1,653.1 4.7%
4,224.6 3,045.4 279.7 409.3 313.5 4,047.8 4.4%

YTD 2023 YoY


Total Sparkling Water Stills Total Δ%
10,131.9 7,835.7 866.4 1,026.9 9,729.0 4.1%
1,459.5 1,179.8 56.7 92.1 1,328.6 9.9%
1,335.2 996.4 53.8 237.1 1,287.3 3.7%
12,926.6 10,011.8 976.9 1,356.2 12,344.9 4.7%
2,592.8 1,942.5 411.8 302.2 2,656.5 -2.4%
8,286.2 5,887.7 655.1 981.1 7,523.9 10.1%
877.4 689.8 135.2 149.3 974.4 -10.0%
246.2 190.7 32.6 20.3 243.6 1.1%
12,002.6 8,710.7 1,234.7 1,452.9 11,398.3 5.3%
24,929.2 18,722.5 2,211.6 2,809.1 23,743.2 5.0%
or the same period of the previous year.
vOLUME (1)
Argentina Uruguay
4% 1%

Mexico 2,124.3
Brazil (3)
Guatemala 192.8 27%
CAM South 177.0
Colombia 352.3475 Mexico
50%
Brazil (3) 1,159.2574
Argentina 168.2803
Uruguay 50.6872
Colombia
8%
CAM South
4%Guatemala
5%

Transactions (2)
ArgentinaUruguay
4% 1%

Mexico
Brazil (3)
0.41 33%
41%

Mexico 10,131.9
Guatemala 1,459.5
CAM South 1,335.2
Colombia 2,592.8452
Brazil (3) 8,286.1735
Argentina 877.3826
Colombia Guatemala
Uruguay 246.2330 10% CAM South 6%
5%
24,929.2142

3.59757088
vOLUMEn (1)
Uruguay
4% 1%

México 421.6
Centroaméri 56.4 Argentina
27%
Colombia 60.3865
Mexico Brasil 212.4240 México
50% 50%
Argentina 34.7119
Uruguay 10.5839

Brasil
8%
Colombia
Centroamérica
4%
5%

s (2)

TRANSACCIONES (2)
Mexico Uruguay
41% México 2,223.1 4% 1%

Centroaméri 465.3
Colombia 457.7892
Brasil 1,435.6856 Argentina
México
41%
33%
Argentina 203.9815
Uruguay 54.9943
4,840.8592
Guatemala
h 6%

Brasil Centroamérica
10% Colombia 6%
5%
(1)

México
50%

ES (2)

México
41%

Centroamérica
a 6%

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