APPENDICES

FINANCIAL SUMMARY

Amounts expresed in millions of U.S. dollars and mexican pesos, except data per share and headcount.

U.S. (*) 2021 2020 2019 2018(4)(5)(6) 2017(2)(3)(4) 2016(1)
INCOME STATEMENT
Total revenues 9,496 194,804 183,615 194,471 182,342 183,256 177,718
Cost of goods solds 5,177 106,206 100,804 106,964 98,404 99,748 98,056
Gross profit 4,319 88,598 82,811 87,507 83,938 83,508 79,662
Operative expenses 2,960 60,720 56,444 60,537 57,924 58,044 55,462
Other expenses, net 39 807 3,611 2,490 1,881 31,357 3,812
Comprehensive financing result 206 4,219 6,678 6,071 6,943 5,362 6,080
Income before income taxes and share of the profit or of associates and joint ventures accounted for using the equity method 1,114 22,852 16,077 18,409 17,190 (11,255) 14,308
Income taxes 322 6,609 5,428 5,648 5,260 4,184 3,928
Share in the (loss) profit of equity accounted investees, net of taxes 4 88 (281) (131) (226) 60 147
Consolidated net income 796 16,331 10,368 12,630 15,070 (11,654) 10,527
Equity holders of the parent for cotinuing operations 766 15,708 10,307 12,101 10,936 (16,058) 10,070
Non-controlling interest net income for continuing operations 30 623 61 529 768 679 457
RATIOS TO REVENUES (%)
Gross margin 45.5 45.5 45.1 45.0 46.0 45.6 44.8
Net income margin 8.4 8.4 5.6 6.5 8.3 (6.4) 5.9
CASH FLOW
Operative cash flow 1,595 32,721 35,147 31,289 29,687 33,236 32,446
Capital expenditures (7) 676 13,865 10,354 11,465 11,069 14,612 12,391
Total cash, cash equivalents 2,303 47,248 43,497 20,491 23,727 18,767 10,476
BALANCE SHEET
Current assets 3,918 80,364 72,440 56,796 57,490 55,657 45,453
Investment in shares 365 7,494 7,623 9,751 10,518 12,540 22,357
Property, plant and equipment, net 3,031 62,183 59,460 61,187 61,942 75,827 65,288
Intangible assets, net 4,981 102,174 103,971 112,050 116,804 124,243 123,964
Deferred charges and other assets, net 872 17,880 18,294 16,673 17,033 17,410 22,194
Total Assets 13,238 271,567 263,066 257,839 263,787 285,677 279,256
Liabilities
Short-term bank loans and notes payable 120 2,453 5,017 11,485 11,604 12,171 3,052
Interest payable 40 811 712 439 497 487 520
Other current liabilities 2,094 42,957 37,116 39,086 33,423 42,936 36,296
Long-term bank loans and notes payable 4,062 83,329 82,461 58,492 70,201 71,189 85,857
Other long-term liabilities 704 14,445 15,303 18,652 16,312 18,184 24,298
Total Liabilities 7,019 143,995 140,609 128,154 132,037 144,967 150,023
Equity 6,219 127,572 122,457 129,685 131,750 140,710 129,233
Non-controlling interest in consolidated subsidiaries 294 6,022 5,583 6,751 6,806 18,141 7,096
Equity attributable to equity holders of the parent 5,925 121,550 116,874 122,934 124,944 122,569 122,137
FINANCIAL RATIOS (%)
Current 1.74 1.74 1.69 1.11 1.26 1.00 1.14
Leverage 1.13 1.13 1.15 0.99 1.00 1.03 1.16
Capitalization 0.41 0.41 0.43 0.37 0.41 0.39 0.41
Coverage 6.11 6.11 5.13 5.51 4.22 4.20 4.80
DATA PER SHARE
Book Value (8) 0.353 7.232 6.954 7.315 7.434 7.293 7.365
Loss (income) tributable to the holders of the parent (9) 0.030 0.935 0.610 0.723 0.831 (0.765) 0.607
Dividends paid (10) 0.031 0.634 0.608 0.443 0.419 0.422 0.419
Headcount (11) 83,754 83,754 82,334 82,186 83,364 79,636 85,140
  1. Information considers full-year of KOF’s territories and one month of Vonpar Refrescos, S.A. ("Vonpar").
  2. Income statement information considers full-year of KOF’s territories and full-year of Coca Cola FEMSA Venezuela.
  3. Balance sheet information does not include Coca-Cola FEMSA Venezuela's balances due to deconsolidation as of December 31, 2017. Venezuela balance is included as investement in shares as of December 31, 2017.
  4. KOF Philippines has been classified as a discontinued operation in our profit and loss statement for the years ended December 31, 2017 and 2018.
  5. Income statement information includes 8 months of the financial results in Guatemala.
  6. Income statement information includes six months in the financial results for Uruguay.
  7. Includes investments in property, plant and equipment, refrigeration equipment and returnable bottles and cases, net of disposals of property, plant and equipment.
  8. Based on 16,806.7 million ordinary shares as of December 31, 2021, 2020, 2019, 2018 and 2017, and 16,583.4 million shares as of December 31, 2016.
  9. Computed based on the weighted average number of shares outstanding during the periods presented:16,806.7 million for 2021, 2020, 2019 and 2018, 16,730.8 million in 2017 and 16,730.8 million in 2016.
  10. Dividends paid during the year based on the prior year's net income, using 16,806.7 millions outstanding ordinary shares for 2021, 2020, 2019 and 2018 and 16,583.4 million oustanding ordinary shares for paid on 2017 and 2016.
  11. Includes third-party and for 2017 excludes 16,566 employees for our discontinued operation in Phillipines.

* Exchange rate as of December 31, 2021 Ps. 20.514 per U.S. dollar solely for the convenience of the reader according to the federal USA reserve.