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Investor Presentaiton

Leverage Evolution Gross Debt/ LTM EBITDA Net Debt/ EBITDA Cash KOF's Net Debt 2.56 2.52 2.13 2.10 2.06 2.16 2.22 2.25 1.94 (USD MM) 2.37 1.07 1.79 1.75 1.61 1.60 1.41 1.52 1.31 1.13 4,663 0.22 4,253 4,380 4,446 4,098 4,308 1,330 619 3,767 333 846 3,729 3,836 824 1,140 1,015 2,187 1,594 2,308 4,047 3,333 3,634 3,600 1,833 2,943 2,959 2,714 2,121 2,242 475 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 E EBITDA (1) 2,159 2,193 2,030 1,828 1,708 2,062 1,847 1,924 1,877 1,707 MXN (EOP) 13.01 13.08 14.72 17.21 20.66 19.74 19.68 18.85 23.26 22.63 BRL (EOP) 2.04 2.34 2.66 3.90 3.26 3.31 3.87 4.03 5.35 5.25 (1) Excludes Venezuela since 2014
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