Financial
Highlights

Our clear and compelling strategy, consistency in our search for innovation and commitment to our strong principles allow us to create shareholder value over the short and long term.

Millions of Mexican pesos and U.S. dollars as of December 31, 2018 (except volume and per share data). Results Under International Financial Reporting Standards.

	(US$) 20181	(Ps.) 2018	(Ps.) 20172	% Change
Sales Volume (million unit cases)	3,321.8	3,321.8	3,318.2	0.1%
Total Revenues	9,287	182,342	183,256	-0.5%
Income from Operations	1,257	24,673	24,996	-1.3%
Controlling Interest Net Income3	708	13,911	-12,802	NA
Total Assets	13,435	263,787	285,677	-7.7%
Long-Term Bank Loans and Notes Payable	3,575	70,201	71,189	-1.4%
Controlling Interest	6,363	124,943	122,569	1.9%
Capital Expenditures	564	11,069	12,917	-14.3%
Book value per share4	3.03	59.47	58.34	1.9%

1	U.S. dollar figures are converted from Mexican pesos using the exchange rate for Mexican pesos published by the U.S. Federal. Reserve Board on December 31, 2018, which exchange rate was Ps. 19.64 to U.S.$1.00.
2	2017 Income statement information is re-presented as if the Philippines had been discontinued from February 2017, date of the consolidation of said operation.
3	As of December 31, 2017, the Company changed the method for reporting Coca‑Cola FEMSA de Venezuela to Fair Value. Due to this change, a recorded foreign currency translation charge in equity has been reclassified as a non-cash one-time item to the other non-operative expenses line of the Income Statement in accordance with IFRS.
4	Based on 2,100.83 million outstanding ordinary shares in 2017 and 2018.

1	Unit case is a unit of measurement that equals 24 eight-ounce servings of finished beverage.
2	As of December 31, 2017, as a non-consolidated operation, Venezuela is reported as an investment in shares.
*	2017 is represented without the Philippines.