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INVESTING WITH IMPACT AND PURPOSE Our vision and focus on growth, our commitment to stakeholders and our positive impact on the planet and society are what make our dream sustainable.

THE CENTRAL AMERICA BOTTLING
CORPORATION AT A GLANCE

THE CENTRAL AMERICA BOTTLING CORPORATION (“CBC”)

• Leading producer, distributor and seller of beverages in Latin America.

 

• Diversified beverage portfolio of carbonated soft drinks (“CSDs”), juices and nectars, bottled water, isotonics, energy drinks, tea and beer.

 

• Anchor bottler for PepsiCo in Central America since 1998, and bottler for PepsiCo since 1942. 

• Joint venture with AmBev for both production and distribution in Guatemala and for distribution in Nicaragua and Puerto Rico.

 

• Growing portfolio of healthy and natural proprietary brands through Beliv business.

Regional FootPrint

  • Countries of operations
  • Points of sale only

Presence outside Latin America

  • us

    US

  • uk

    UK

  • canada

    Canada

  • china

    China

  • spain

    Spain

Presence outside Latin America

  • us

    US

  • uk

    UK

  • canada

    Canada

  • china

    China

  • spain

    Spain

FINANCIAL HIGHLIGHTS
(Millions of U.S Dollars)

2019 2020 2021 Mar 2022
Volume sales
(millions of unit cases)
507 487 563 141
Net sales 1,723 1,571 1,833 468
Adj. EBITDA 234 240 288 37
% Adj. EBITDA margin 13.6% 15.3% 15.7% 7.8%
Total assets 1,685 1,778 2,056 2,226

CREDIT RATINGS



OPERATIONAL HIGHLIGHTS

+1,260,000 Core points of sale

+1,800 Trucks

16 Plants

104 Warehouses and
Distribution Center

+4,100 Sale routes

900mm Annual Production Capacity

+200,000 Coolers

LEADING BEVERAGE COMPANY IN LATIN AMERICA

Multi-channel marketing strategy with a strong focus on maximizing point of sale reach and continued organic growth through innovation.

+1,260,000 Core points of sale

Robust regional distribution platform coupled with leading capabilities and highly efficient processes.

+4,100 Sale routes

+1,800 Trucks

Our growth and value are optimized by being part of the solutions, with the integration of social, environmental and governance dimensions driving our strategy and shared value creation.

Unique presence in all beverage segments, backed by long-standing partnerships with the world's top leaders. 

+438 PepsiCo, Ambev and proprietary brand

+3,500 SKUs in key product categories

Superior manufacturing capabilities with continuous improvement through technology and quality controls.

CBC INFRASTRUCTURE

16 Production plants

77 Bottling lines

3rd party manufacturing
of beliv brands

12 Production plants

82.8mm Annual unit cases capacity

Strong employee base and highly experienced management team.
+10,000 Employees

Unique presence in all beverage segments, backed by long-standing partnerships with the world's top leaders. 

+438 PepsiCo, Ambev and proprietary brand

+3,500 SKUs in key product categories

Multi-channel marketing strategy with a strong focus on maximizing point of sale reach and continued organic growth through innovation.

+1,260,000 Core points of sale

Superior manufacturing capabilities with continuous improvement through technology and quality controls.

CBC INFRASTRUCTURE

16 Production plants

77 Bottling lines

3rd party manufacturing
of beliv brands

12 Production plants

82.8mm Annual unit cases capacity

Robust regional distribution platform coupled with leading capabilities and highly efficient processes.

+4,100 Sale routes

+1,800 Trucks

Strong employee base and highly experienced management team.
+10,000 Employees

Our growth and value are optimized by being part of the solutions, with the integration of social, environmental and governance dimensions driving our strategy and shared value creation.

INVESTMENT HIGHLIGHTS

1. A geographically diverse portfolio in markets with solid industry fundamentals allows strong generation of dollarized and stable currency EBITDA. 

2. Continued innovation of our  "better-for-you"  portfolio  expected to spur growing demand,  boosting increased cash-flow margins.

3.Long-standing partnerships with the world’s class leaders support our diversified beverage portfolio. 

4.Robust investments in plants and distribution network that reduce future capex needs and position the company for growth.

5.Track record of operational and financial excellence.

6.Highly experienced management team and proven governance standards. Highly experienced management team and proven governance standards.

Broad range of widely recognized global brands coupled with strong brand power on proprietary products

63 brands

Unit case sales

63.5% of total

Net sales (before rebates)

58.6% of total

Selected brands

50 brands

Unit case sales

29.8% of total

Net sales (before rebates)

22.6% of total

Selected brands

25 brands

Unit case sales

5.3% of total

Net sales (before rebates)

12.9% of total

Selected brands
NET SALES BY COUNTRY

31% Dollarized markts.31% in the highly stable Guatemalan Quetzal.

NET SALES BY CATEGORY
If you have questions or would like to be included in our mailing datebase, please contact us personally.

We look forward to hearing from you. investors@cbc.co
If you are already an investor Click Here
Annual Report We are dedicated to maintain a comprehensive, open and topical dialogue with the financial community as we seek to create value for our shareholders and society through our leading position.
If you have questions or would like to be included in our mailing datebase, please contact us personally.

We look forward to hearing from you. investors@cbc.co
If you are already an investor Click Here

Highly experienced management team and proven governance standards

LEADERSHIP


Board of directors

Luis Miguel Castillo L.Chairman of the Board Represents GEMCORP

Carlos Enrique Mata C. Executive President Represents GEMCORP

Guillermo GaviriaIndependent Director Former CEO of APEX

Oscar Arroyo ArzuSecretary of the Board Represents GEMCORP

Alvaro Castillo MongeCastillo Family Appointed Board Member Represents GEMCORP

Edmund Scott SmartIndependent Director Former President of ConAgra Foods Mexico

Erick ScheelPepsiCo LatAm Beverage President Represents PepsiCo

Maria Laura ZablacksPepsiCo LatAm Beverages CFO and Finance Vice President Represents PepsiCo

Erik Siersen WhiteIndependent Director Former Managing Director at Diageo Mexico/Cuba

4Members appointed by GEMCORP

2Members appointed by PepsiCo

3Independent board members

Selection process led by Heidrick & Struggles
Independent members evaluated annually by CBC’s controlling group (GEMCORP & PepsiCo)

5 Committees
Audit, Strategy and M&A, Talent and Compensation, Risk and Finance and Sustainability

A Better Future At cbc we are committed to transformation in order to be part of the solutions and we do so by integrating environmental, social and governance dimensions into our strategies. We leverage our capabilities, passion, skills and resources to grow and develop initiatives that create shared value.

We join collective actions that aim to improve the world, to generate prosperity and to have a positive impact on people and the planet.

Our employees are considered as partners, who have the opportunity to develop their career paths through meritocracy, always ensuring that they can enjoy a dignified life and multidimensional wellbeing alongside their families, to grow and be leaders in the development of their communities.
Throughout our operations and supply chain, we create the right conditions to promote women’s economic empowerment and respect for Human Rights, through policies and clauses that ensure compliance.

Our consumers can choose from a vast portfolio of food and beverage products that perfectly match their expectations and needs. Hand in hand with technology and innovation, we evolve towards more natural, functional and nutritious proposals, thus promoting more informed decision-making through clear and transparent communication and labelling.

We promote a culture based on ethics and transparency with zero tolerance for corruption through a management system that is part of all our decisions and actions. Likewise, we demand integrity from all our business partners.

We promote the development of the communities and countries in which we operate by providing new jobs, tax contributions and collective actions that always promote and generate a positive environmental and social impact.

We offer our shareholders the best return on their investments by efficiently managing risk and taking advantage of valuable opportunities to create sustainable returns.

We realize the value of our World, and work with a single purpose: to transform its future by unleashing our full potential.

Communication on progress 2020