Arca Continental Reports Sales Growth of 5% and EBITDA up 36.6% in Fourth Quarter 2012
MONTERREY, Mexico--(BUSINESS WIRE)-- Arca Continental, S.A.B. de C.V. (BMV: AC), the second-largest Coca-Cola bottler in Latin America announced today its results for the fourth quarter ("4Q12") and full-year of 2012 ("FY12").
TABLE 1: FINANCIAL HIGHLIGHTS
Data in millions of Mexican pesos
Jan - Dec '12
Jan - Dec '11
Total Beverage Volume (MUC)
EBITDA Margin (%)
Total Beverage Volume includes jug water
EBITDA = Operating income + Depreciation + Amortization + Non Recurring Expenses
Numbers expressed under International Financial Reporting Standards or IFRS
Net sales reached Ps. 14,453 million, representing a 9.5% increase.
Gross Profit grew 17.9% to Ps. 6,911 million with a 47.8% margin.
EBITDA totaled Ps. 2,809 million with a margin of 19.4%, up 380 basis points.
Net sales were Ps. 56,219 million, representing a 27.9% increase.
Gross Profit rose 31.7% to Ps. 25,997 million with a 46.2% margin.
EBITDA reached Ps. 11,248 million with a margin of 20%, up 160 basis points.
"2012 was a year of outstanding achievements for Arca Continental in which the professionalism and success of our team drove significant sales growth and a pro forma EBITDA increase of 23.6%, while meeting our synergy targets and achieving excellence in execution at the point of sale for the benefit our clients and consumers," stated Francisco Garza Egloff, Chief Executive Officer of Arca Continental.
"In addition, and in accordance with our mission of continuously seeking profitable growth opportunities, during the fourth quarter we boosted our snack business by acquiring Wise Foods in the U.S. and Inalecsa in Ecuador. These are two companies with rich histories in the industry that will enable us to maintain our positive trend and reinforce our leadership as a stronger, better positioned company poised for growth," he added.
For a full version of this earnings release with financial statements, please visit: http://www.arcacontal.com/investors/financial-information.aspx
4Q12 EARNINGS CONFERENCE CALL
Arca Continental will host a conference call to discuss these results on Tuesday, February 19, 2013 at 10:00am Mexico City/Monterrey time / 11:00am New York Time.
To participate, please dial:
+1 800 311 9401 (USA)
+001 800 368 1029 (Mexico)
+1 334 323 7224 (International)
There will also be a live audio webcast of the event at: www.arcacontal.com/investors.aspx
About Arca Continental
Arca Continental produces, distributes and sells non-alcoholic beverages under The Coca-Cola Company brand, as well as snacks under the brands of Bokados in Mexico, Inalecsa in Ecuador and Wise in the U.S. With an outstanding history spanning more than 85 years, Arca Continental is the second-largest Coca-Cola bottler in Latin America and one of the largest in the world. Within its Coca-Cola franchise territory, the Company serves over 53 million consumers in Northern and Western Mexico, Ecuador and Northern Argentina. The Company's shares trade on the Mexican Stock Exchange under the ticker symbol "AC". For more information, visit www.arcacontal.com
This material may contain forward-looking statements regarding Arca Continental and its subsidiaries based on management's expectations. This information as well as statements regarding future events and expectations is subject to risks and uncertainties, as well as factors that could cause the results, performance and achievements of the Company to differ at any time. Such factors include changes in the general economic, political, governmental and commercial conditions both domestically and globally, as well as variations in interest rates, inflation rates, exchange rate volatility, tax rates, the demand for and the price of carbonated beverages, water, and the price of sugar and other raw materials used in the production of soft drinks, weather conditions and various others. As a result of these risks and factors, actual results could be materially different from the estimates provided; therefore, Arca Continental does not accept responsibility for any variations or for the information provided by official sources.
Ulises Fernández de Lara, 52 (81) 8151-1525
Juan Hawach Sánchez, 52 (81) 8151-1547
i-advize Corporate Communications
Melanie Carpenter, 212-406-3692
Guillermo Garza, 52 (81) 8151-1589
KEYWORDS: Mexico Central America
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