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Investor Presentaiton

KOF's Strategy Yielding Successful Results as Demonstrated by 2020 Performance Resilient Volume Performance Ability to Mitigate Headwinds Strong Margins December 2020 December 2020 (4.0%) (1) (4.3%) (1) GDP Growth 2020 (8..5%)(2) 1.9% (1) GDP Growth 2020 (4.1) (2) Coca-Cola FEMSA (2.5%) (1) GDP Growth2020 (6.8%) (2) (3.9%) (1) GDP Growth 2020 (2.0%)(2) Impact was mostly mitigated driven by our countermeasures +120bps Operating Cash Flow Margin C Boost to Affordability Strategy December 2020 Full Year Refillables growth +~7% vs PY in Mexico +~8% vs PY in Brazil Strong Liquidity Position with Ps. 43bn of cash on hand as of 2020 Resilient and Effective Cash Conversion +12% YoY Cash from operations despite the challenging environment Ps. 35.1bn 6 Source: Company filings. (1) (2) Coca-Cola FEMSA FY'20 filings. KOF Corporate Treasury based on external analyst estimates.
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