COCA-COLA FEMSA
INTEGRATED REPORT 2017

FINANCIAL
summary

Millions of Mexican pesos and U.S. dollars as of December 31, 2017 (except per share and headcount data).

  U.S. (*) 2017 3,4 2016 2 2015 2014 2013 1
INCOME STATEMENT
Total revenues 10,376 203,780 177,718 152,360 147,298 156,011
Cost of goods solds 5,708 112,094 98,056 80,330 78,916 83,076
Gross profit 4,668 91,686 79,662 72,030 68,382 72,935
Operative expenses 3,305 64,910 55,462 48,284 46,850 51,315
Other expenses, net 1,459 28,661 3,812 1,748 158 623
Comprehensive financing result 269 5,276 6,080 7,273 6,422 3,773
Income before income taxes and share of the profit or of associates and joint ventures accounted for using the equity method (365) (7,161) 14,308 14,725 14,952 17,224
Income taxes 232 4,554 3,928 4,551 3,861 5,731
Share of the profit of associates and joint ventures accounted for using the equity method, net of taxes 3 60 147 155 (125) 289
Consolidated net income5 (594) (11,654) 10,527 10,329 10,966 11,782
Equity holders of the parent (652) (12,802) 10,070 10,235 10,542 11,543
Non-controlling interest net income 58 1,148 457 94 424 239
RATIOS TO REVENUES (%)            
Gross margin 45.0 45.0 44.8 47.3 46.4 46.7
Net income margin (5.7) (5.7) 5.9 6.8 7.4 7.6
CASH FLOW            
Operative cash flow 1,692 33,236 32,446 23,202 24,406 22,097
Capital expenditures6 744 14,612 12,391 11,484 11,313 11,703
Total cash, cash equivalents 956 18,767 10,476 15,989 12,958 15,306
BALANCE SHEET            
Current assets 2,834 55,657 45,453 42,232 38,128 43,231
Investment in shares 639 12,540 22,357 17,873 17,326 16,767
Property, plant and equipment, net 3,861 75,827 65,288 50,532 50,527 51,785
Intangible assets, net 6,326 124,243 123,964 90,754 97,024 98,974
Deferred charges and other assets, net 887 17,410 22,194 8,858 9,361 5,908
Total Assets 14,547 285,677 279,256 210,249 212,366 216,665
Liabilities            
Short-term bank loans and notes payable 620 12,171 3,052 3,470 1,206 3,586
Interest payable 25 487 520 411 371 324
Other current liabilities 2,188 42,936 36,296 26,599 26,826 28,488
Long-term bank loans and notes payable 3,625 71,189 85,857 63,260 64,821 56,875
Other long-term liabilities 924 18,184 24,298 7,774 9,024 10,239
Total Liabilities 7,382 144,968 150,023 101,514 102,248 99,512
Equity 7,165 140,710 129,233 108,735 110,118 117,153
Non-controlling interest in consolidated subsidiaries 924 18,141 7,096 3,986 4,401 4,042
Equity attributable to equity holders of the parent 6,241 122,568 122,137 104,749 105,717 113,111
FINANCIAL RATIOS (%)            
Current 1.00 1.00 1.14 1.39 1.34 1.33
Leverage 1.03 1.03 1.16 0.93 0.93 0.85
Capitalization 0.39 0.39 0.41 0.39 0.38 0.35
Coverage 4.20 4.20 4.80 3.92 4.72 8.22
DATA PER SHARE            
Book Value7 2.971 58.343 58.920 50.532 50.999 54.566
Income tributable to the holders of the parent5,8 (0.312) (6.121) 4.858 4.937 5.086 5.614
Dividends paid9 0.171 3.35 3.350 3.090 2.900 2.870
Headcount10 101,682 101,682 85,140 83,712 83,371 84,922
1 Information considers full-year of KOF’s territories and seven months of Grupo Yoli, S.A de C.V. (Grupo YOLI), four months of Companhia Fluminense de Refrigerantes (Compañía Fluminense) and two months of SPAIPA S.A. Industria Brasileira de Bebidas (SPAIPA)
2 Information considers full-year of KOF’s territories and one month of Vonpar Refrescos, S.A. (“Vonpar”).
3 Income statement information considers full-year of KOF’s territories, eleven months of Coca Cola FEMSA Philippines and full-year of Coca Cola FEMSA Venezuela.
4 Balance sheet information does not include Coca Cola FEMSA Venezuela’s balance due to deconsolidation as of December 31, 2017. Venezuela balance is included as investement in shares as of December 31, 2017.
5 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.
6 Includes investments in property, plant and equipment, refrigeration equipment and returnable bottles and cases, net of disposals of property, plant and equipment.
7 Based on 2,100.83 million ordinary shares as of December 31, 2017, and 2,072.92 million ordinary shares as of December 31,2016, 2015, 2014 and 2013.
8 Computed based on the weighted average number of shares outstanding during the periods presented: 2,091.35 million on 2017 and 2,072.92 million on 2016, 2015, 2014 and 2,056.20 million on 2013.
9 Dividends paid during the year based on the prior year’s net income, using 2,072.92 million oustanding ordinary shares for paid on 2017, 2016, 2015, 2014 and 2,030.54 million oustanding ordinary shares for paid on 2013.
10 Includes third-party. Including Coca Cola FEMSA Philippines as of 2017.
* Exchange rate as of December 31st, 2017, Ps 19.6395 per U.S. dollar, solely for the convenience of the reader.