kof20111011_6k.htm - Generated by SEC Publisher for SEC Filing

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of October 2011
Commission File Number 1-12260

 

COCA-COLA FEMSA, S.A.B. de C.V.

(Translation of registrant’s name into English)

United Mexican States

(Jurisdiction of incorporation or organization)

Guillermo González Camarena No. 600
Col. Centro de Ciudad Santa Fé
Delegación Alvaro Obregón
México, D.F. 01210

México

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F X   Form 40-F     

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1)

Yes    No  X 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7)

Yes    No  X 

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes    No  X 

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with

Rule 12g3-2(b): 82-__.

 

 

Stock Listing Information 
 

Mexican Stock Exchange 

Ticker: KOFL 

Financial Information - New Reporting Segments 

 

 

 

 

Mexico City, October 11, 2011 – Coca-Cola FEMSA, S.A.B. de C.V. (“Coca-Cola FEMSA” or the “Company”), the largest public bottler of Coca-Cola products in the world in terms of sales volume, discloses historic financial information in connection with the new business structure.

As stated in the press release dated August 25, 2011, as of the third quarter of 2011, our reporting segments will be (i) the Mexico and Central America division and (ii) the South America division.

This document contains restated unaudited quarterly financial information for the years 2009, 2010 and 2011.

 

 

vvv

 

Coca-Cola FEMSA, S.A.B. de C.V. produces and distributes Coca-Cola, Fanta, Sprite, Del Valle, and other trademark beverages of The Coca-Cola Company in Mexico (a substantial part of central Mexico, including Mexico City, as well as parts of southeast and northeast Mexico), Guatemala (Guatemala City and surrounding areas), Nicaragua (nationwide), Costa Rica (nationwide), Panama (nationwide), Colombia (most of the country), Venezuela (nationwide), Brazil (greater São Paulo, Campiñas, Santos, the state of Mato Grosso do Sul, part of the state of Goias, and part of the state of Minas Gerais), and Argentina (federal capital of Buenos Aires and surrounding areas), along with bottled water, juices, teas, isotonics, beer, and other beverages in some of these territories. The Company has 34 bottling facilities in Latin America and serves more than to 1,600,000 retailers in the region.

NYSE (ADR) 

Ticker: KOF 

 

Ratio of KOF L to KOF = 10:1 

 
 
 
 
 
 
 
 

For Further Information: 

 

Investor Relations 

 

José Castro 

jose.castro@kof.com.mx 

(5255) 5081-5120 / 5121 

 

Gonzalo García 

gonzalojose.garciaa@kof.com.mx  

(5255) 5081-5148 

 

Roland Karig 
roland.karig@kof.com.mx 

(5255) 5081-5186 

 

Website: 

www.coca-colafemsa.com 


October 11, 2011  Page 1 

 


1st Quarter 2010 Results (unaudited)

Mexico & Central America Division           
Expressed in millions of Mexican pesos(1)
 
  1Q 10  % Rev  1Q 09  % Rev  Δ% 
Volume (million unit cases)  305.9    303.3    0.9% 
Average price per unit case  32.41    31.88    1.7% 
Net revenues  9,916    9,668    2.6% 
Other operating revenues  22    27    -18.5% 
Total revenues  9,938  100.0%  9,695  100.0%  2.5% 
Cost of goods sold  5,152  51.8%  4,901  50.6%  5.1% 
Gross profit  4,786  48.2%  4,794  49.4%  -0.2% 
Operating expenses  3,379  34.0%  3,202  33.0%  5.5% 
Operating income  1,407  14.2%  1,592  16.4%  -11.6% 
Depreciation, amortization & other operative non-cash charges  531  5.3%  503  5.2%  5.6% 
EBITDA (2)  1,938  19.5%  2,095  21.6%  -7.5% 

 

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

(2) EBITDA = Operating Income + Depreciation, amortization & other operative non-cash charges.

South America Division           
Expressed in millions of Mexican pesos(1)
 
  1Q 10  % Rev  1Q 09  % Rev  Δ% 
Volume (million unit cases) (2)  283.5    250.9    13.0% 
Average price per unit case (2)  45.14    48.28    -6.5% 
Net revenues  13,560    12,718    6.6% 
Other operating revenues  97    113    -14.2% 
Total revenues  13,657  100.0%  12,831  100.0%  6.4% 
Cost of goods sold  7,728  56.6%  7,182  56.0%  7.6% 
Gross profit  5,929  43.4%  5,649  44.0%  5.0% 
Operating expenses  3,818  28.0%  3,936  30.7%  -3.0% 
Operating income  2,111  15.5%  1,713  13.4%  23.2% 
Depreciation, amortization & other operative non-cash charges  427  3.1%  466  3.6%  -8.4% 
EBITDA (3)  2,538  18.6%  2,179  17.0%  16.5% 

 

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

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

(3) EBITDA = Operating Income + Depreciation, amortization & other operative non-cash charges.

Since June 2009, we integrated Brisa in the operations of Colombia.

 

October 11, 2011  Page 2 


2nd Quarter 2010 Results (unaudited)

Mexico & Central America Division                     
Expressed in millions of Mexican pesos(1)
 
  2Q 10 % Rev  2Q 09 % Rev  Δ%  YTD 10  % Rev   YTD 09  % Rev  Δ% 
Volume (million unit cases)  377.2    363.6    3.7%  683.1    666.9    2.4% 
Average price per unit case  32.41    31.00    4.5%  32.41    31.28    3.6% 
Net revenues  12,224    11,272    8.4%  22,139    20,860    6.1% 
Other operating revenues  20    63    -68.3%  42    85    -50.6% 
Total revenues  12,244  100.0%  11,335  100.0%  8.0%  22,181  100.0%  20,945  100.0%  5.9% 
Cost of goods sold  6,238  50.9%  5,708  50.4%  9.3%  11,389  51.3%  10,559  50.4%  7.9% 
Gross profit  6,006  49.1%  5,627  49.6%  6.7%  10,792  48.7%  10,386  49.6%  3.9% 
Operating expenses  3,766  30.8%  3,440  30.3%  9.5%  7,145  32.2%  6,618  31.6%  8.0% 
Operating income  2,240  18.3%  2,187  19.3%  2.4%  3,647  16.4%  3,768  18.0%  -3.2% 
Depreciation, amortization & other operative non-cash charges  519  4.2%  444  3.9%  16.9%  1,052  4.7%  943  4.5%  11.6% 
EBITDA (2)  2,759  22.5%  2,631  23.2%  4.9%  4,699  21.2%  4,711  22.5%  -0.3% 

 

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

(2) EBITDA = Operating Income + Depreciation, amortization & other operative non-cash charges.

South America Division                     
Expressed in millions of Mexican pesos(1)
 
  2Q 10 % Rev  2Q 09 % Rev  Δ%  YTD 10  % Rev   YTD 09  % Rev  Δ% 
Volume (million unit cases) (2)  256.6    243.4    5.4%  540.1    494.3    9.3% 
Average price per unit case (2)  47.24    49.90    -5.3%  46.94    48.51    -3.2% 
Net revenues  12,868    12,761    0.8%  26,861    25,202    6.6% 
Other operating revenues  65    88    -26.1%  163    192    -15.1% 
Total revenues  12,933  100.0%  12,849  100.0%  0.7%  27,024  100.0%  25,394  100.0%  6.4% 
Cost of goods sold  7,284  56.3%  7,049  54.9%  3.3%  15,261  56.5%  14,072  55.4%  8.4% 
Gross profit  5,649  43.7%  5,800  45.1%  -2.6%  11,763  43.5%  11,322  44.6%  3.9% 
Operating expenses  3,801  29.4%  4,310  33.5%  -11.8%  7,744  28.7%  8,151  32.1%  -5.0% 
Operating income  1,848  14.3%  1,490  11.6%  24.0%  4,019  14.9%  3,171  12.5%  26.7% 
Depreciation, amortization & other operative non-cash charges  416  3.2%  428  3.3%  -2.8%  853  3.2%  882  3.5%  -3.3% 
EBITDA (3)  2,264  17.5%  1,918  14.9%  18.0%  4,872  18.0%  4,053  16.0%  20.2% 

 

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

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

(3) EBITDA = Operating Income + Depreciation, amortization & other operative non-cash charges.

Since June 2009, we integrated Brisa in the operations of Colombia.

 

October 11, 2011  Page 3 



3rd Quarter 2010 Results (unaudited)

Mexico & Central America Division                     
Expressed in millions of Mexican pesos(1)
 
  3Q 10 % Rev  3Q 09 % Rev  Δ%  YTD 10  % Rev   YTD 09  % Rev  Δ% 
Volume (million unit cases)  347.7    355.4    -2.2%  1,030.8    1,022.3    0.8% 
Average price per unit case  32.76    31.30    4.7%  32.56    31.31    4.0% 
Net revenues  11,393    11,124    2.4%  33,568    32,008    4.9% 
Other operating revenues  54    21    157.1%  100    111    -9.9% 
Total revenues  11,447  100.0%  11,145  100.0%  2.7%  33,668  100.0%  32,119  100.0%  4.8% 
Cost of goods sold  5,853  51.1%  5,710  51.2%  2.5%  17,256  51.3%  16,281  50.7%  6.0% 
Gross profit  5,594  48.9%  5,435  48.8%  2.9%  16,412  48.7%  15,838  49.3%  3.6% 
Operating expenses  3,689  32.2%  3,469  31.1%  6.3%  10,853  32.2%  10,097  31.4%  7.5% 
Operating income  1,905  16.6%  1,966  17.6%  -3.1%  5,559  16.5%  5,741  17.9%  -3.2% 
Depreciation, amortization & other operative non-cash charges  513  4.5%  467  4.2%  9.9%  1,566  4.7%  1,411  4.4%  11.0% 
EBITDA (2)  2,418  21.1%  2,433  21.8%  -0.6%  7,125  21.2%  7,152  22.3%  -0.4% 

 

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

(2) EBITDA = Operating Income + Depreciation, amortization & other operative non-cash charges.

South America Division                     
Expressed in millions of Mexican pesos(1)
 
  3Q 10 % Rev  3Q 09 % Rev  Δ%  YTD 10  % Rev   YTD 09  % Rev  Δ% 
Volume (million unit cases) (2)  268.7    260.2    3.2%  808.8    754.5    7.2% 
Average price per unit case (2)  49.67    54.32    -8.6%  48.07    51.81    -7.2% 
Net revenues  14,161    14,777    -4.2%  41,201    40,956    0.6% 
Other operating revenues  67    85    -21.2%  228    283    -19.4% 
Total revenues  14,228  100.0%  14,862  100.0%  -4.3%  41,429  100.0%  41,239  100.0%  0.5% 
Cost of goods sold  7,693  54.1%  8,233  55.4%  -6.6%  23,051  55.6%  22,847  55.4%  0.9% 
Gross profit  6,535  45.9%  6,629  44.6%  -1.4%  18,378  44.4%  18,392  44.6%  -0.1% 
Operating expenses  4,191  29.5%  4,636  31.2%  -9.6%  11,989  28.9%  13,154  31.9%  -8.9% 
Operating income  2,344  16.5%  1,993  13.4%  17.6%  6,389  15.4%  5,238  12.7%  22.0% 
Depreciation, amortization & other operative non-cash charges  477  3.4%  522  3.5%  -8.6%  1,337  3.2%  1,436  3.5%  -6.9% 
EBITDA (3)  2,821  19.8%  2,515  16.9%  12.2%  7,726  18.6%  6,674  16.2%  15.8% 

 

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

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

(3) EBITDA = Operating Income + Depreciation, amortization & other operative non-cash charges.

Since June 2009, we integrated Brisa in the operations of Colombia.

 

October 11, 2011  Page 4 



4th Quarter 2010 Results (unaudited)

Mexico & Central America Division                     
Expressed in millions of Mexican pesos(1)
 
  4Q 10 % Rev  4Q 09 % Rev  Δ%  2010 % Rev   2009 % Rev  Δ% 
Volume (million unit cases)  348.3    340.8    2.2%  1,379.3    1,363.0    1.2% 
Average price per unit case  33.03    32.01    3.2%  32.69    31.47    3.9% 
Net revenues  11,503    10,910    5.4%  45,084    42,896    5.1% 
Other operating revenues  38    29    31.0%  129    138    -6.5% 
Total revenues  11,541  100.0%  10,939  100.0%  5.5%  45,213  100.0%  43,034  100.0%  5.1% 
Cost of goods sold  5,913  51.2%  5,477  50.1%  8.0%  23,178  51.3%  21,748  50.5%  6.6% 
Gross profit  5,628  48.8%  5,462  49.9%  3.0%  22,035  48.7%  21,286  49.5%  3.5% 
Operating expenses  3,475  30.1%  3,198  29.2%  8.7%  14,321  31.7%  13,288  30.9%  7.8% 
Operating income  2,153  18.7%  2,264  20.7%  -4.9%  7,714  17.1%  7,998  18.6%  -3.6% 
Depreciation, amortization & other operative non-cash charges  460  4.0%  446  4.1%  3.1%  2,027  4.5%  1,928  4.5%  5.1% 
EBITDA (2)  2,613  22.6%  2,710  24.8%  -3.6%  9,741  21.5%  9,926  23.1%  -1.9% 

 

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

(2) EBIT DA = Operating Income + Depreciation, amortization & other operative non-cash charges.

South America Division                     
Expressed in millions of Mexican pesos(1)
 
  4Q 10 % Rev  4Q 09 % Rev  Δ%  2010  % Rev   2009  % Rev  Δ% 
Volume (million unit cases) (2)  311.6    311.2    0.2%  1,120.2    1,065.6    5.1% 
Average price per unit case (2)  49.29    54.83    -10.1%  48.76    53.07    -8.1% 
Net revenues  16,344    17,979    -9.1%  57,904    59,333    -2.4% 
Other operating revenues  106    114    -7.0%  339    400    -15.3% 
Total revenues  16,450  100.0%  18,093  100.0%  -9.1%  58,243  100.0%  59,733  100.0%  -2.5% 
Cost of goods sold  9,104  55.3%  10,140  56.0%  -10.2%  32,356  55.6%  33,204  55.6%  -2.6% 
Gross profit  7,346  44.7%  7,953  44.0%  -7.6%  25,887  44.4%  26,529  44.4%  -2.4% 
Operating expenses  4,419  26.9%  5,390  29.8%  -18.0%  16,522  28.4%  18,692  31.3%  -11.6% 
Operating income  2,927  17.8%  2,563  14.2%  14.2%  9,365  16.1%  7,837  13.1%  19.5% 
Depreciation, amortization & other operative non-cash charges  569  3.5%  532  2.9%  7.0%  1,916  3.3%  1,983  3.3%  -3.4% 
EBITDA (3)  3,496  21.3%  3,095  17.1%  13.0%  11,281  19.4%  9,820  16.4%  14.9% 

 

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

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

(3) EBITDA = Operating Income + Depreciation, amortization & other operative non-cash charges.

Since June 2009, we integrated Brisa in the operations of Colombia.

 

October 11, 2011  Page 5 



1st Quarter 2011 Results (unaudited)

Mexico & Central America Division           
Expressed in millions of Mexican pesos(1)
 
  1Q 11  % Rev  1Q 10  % Rev  Δ% 
Volume (million unit cases)  331.7    305.9    8.4% 
Average price per unit case  33.44    32.41    3.2% 
Net revenues  11,092    9,916    11.9% 
Other operating revenues  24    22    9.1% 
Total revenues  11,116  100.0%  9,938  100.0%  11.9% 
Cost of goods sold  5,821  52.4%  5,152  51.8%  13.0% 
Gross profit  5,295  47.6%  4,786  48.2%  10.6% 
Operating expenses  3,633  32.7%  3,379  34.0%  7.5% 
Operating income  1,662  15.0%  1,407  14.2%  18.1% 
Depreciation, amortization & other operative non-cash charges  521  4.7%  531  5.3%  -1.9% 
EBITDA (2)  2,183  19.6%  1,938  19.5%  12.6% 

 

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

(2) EBITDA = Operating Income + Depreciation, amortization & other operative non-cash charges.

South America Division           
Expressed in millions of Mexican pesos(1)
 
  1Q 11 % Rev  1Q 10  % Rev  Δ% 
Volume (million unit cases) (2)  273.1    283.5    -3.7% 
Average price per unit case (2)  50.27    45.14    11.4% 
Net revenues  14,606    13,560    7.7% 
Other operating revenues  104    97    7.2% 
Total revenues  14,710  100.0%  13,657  100.0%  7.7% 
Cost of goods sold  8,239  56.0%  7,728  56.6%  6.6% 
Gross profit  6,471  44.0%  5,929  43.4%  9.1% 
Operating expenses  4,250  28.9%  3,818  28.0%  11.3% 
Operating income  2,221  15.1%  2,111  15.5%  5.2% 
Depreciation, amortization & other operative non-cash charges  563  3.8%  427  3.1%  31.9% 
EBITDA (3)  2,784  18.9%  2,538  18.6%  9.7% 

 

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

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

(3) EBITDA = Operating Income + Depreciation, amortization & other operative non-cash charges.

 

October 11, 2011  Page 6 



2nd Quarter 2011 Results (unaudited)

Mexico & Central America Division                     
Expressed in millions of Mexican pesos(1)
 
  2Q 11 % Rev  2Q 10 % Rev  Δ%  YTD 11  % Rev   YTD 10  % Rev  Δ% 
Volume (million unit cases)  402.2    377.2    6.6%  733.9    683.1    7.4% 
Average price per unit case  33.59    32.40    3.7%  33.52    32.41    3.4% 
Net revenues  13,508    12,224    10.5%  24,598    22,139    11.1% 
Other operating revenues  38    20    90.0%  62    42    47.6% 
Total revenues  13,546  100.0%  12,244  100.0%  10.6%  24,660  100.0%  22,181  100.0%  11.2% 
Cost of goods sold  6,887  50.8%  6,238  50.9%  10.4%  12,684  51.4%  11,389  51.3%  11.4% 
Gross profit  6,659  49.2%  6,006  49.1%  10.9%  11,976  48.6%  10,792  48.7%  11.0% 
Operating expenses  4,040  29.8%  3,766  30.8%  7.3%  7,697  31.2%  7,145  32.2%  7.7% 
Operating income  2,619  19.3%  2,240  18.3%  16.9%  4,279  17.4%  3,647  16.4%  17.3% 
Depreciation, amortization & other operative non-cash charges  549  4.1%  519  4.2%  5.8%  1,069  4.3%  1,052  4.7%  1.6% 
EBITDA (2)  3,168  23.4%  2,759  22.5%  14.8%  5,348  21.7%  4,699  21.2%  13.8% 

 

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

(2) EBITDA = Operating Income + Depreciation, amortization & other operative non-cash charges.

South America Division                     
Expressed in millions of Mexican pesos(1)
 
  2Q 11 % Rev  2Q 10 % Rev  Δ%  YTD 11  % Rev   YTD 10  % Rev  Δ% 
Volume (million unit cases) (2)  263.4    256.6    2.6%  536.6    540.1    -0.6% 
Average price per unit case (2)  52.91    47.24    12.0%  51.82    46.94    10.4% 
Net revenues  14,788    12,868    14.9%  29,539    26,861    10.0% 
Other operating revenues  83    65    27.7%  189    163    16.0% 
Total revenues  14,871  100.0%  12,933  100.0%  15.0%  29,728  100.0%  27,024  100.0%  10.0% 
Cost of goods sold  8,452  56.8%  7,284  56.3%  16.0%  16,770  56.4%  15,261  56.5%  9.9% 
Gross profit  6,419  43.2%  5,649  43.7%  13.6%  12,958  43.6%  11,763  43.5%  10.2% 
Operating expenses  4,442  29.9%  3,801  29.4%  16.9%  8,746  29.4%  7,744  28.7%  12.9% 
Operating income  1,977  13.3%  1,848  14.3%  7.0%  4,212  14.2%  4,019  14.9%  4.8% 
Depreciation, amortization & other operative non-cash charges  587  3.9%  416  3.2%  41.1%  1,155  3.9%  853  3.2%  35.4% 
EBITDA (3)  2,564  17.2%  2,264  17.5%  13.3%  5,367  18.1%  4,872  18.0%  10.2% 

 

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

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

(3) EBITDA = Operating Income + Depreciation, amortization & other operative non-cash charges.

 

October 11, 2011  Page 7 
 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

 

COCA-COLA FEMSA, S.A.B. DE C.V.

 

By:  /s/ Héctor Treviño Gutiérrez              

 

Héctor Treviño Gutiérrez

Chief Financial Officer

 

 

 Date: October 11, 2011