Emis 1208579 2024-03-27

EMIS
12TH FLOOR 30 CROWN PLACE

London, EC2A 4EB, United Kingdom
www.emis.com
Business Report Generated on 28 March 2024
INDUSTRIA NACIONAL DE GASEOSAS S.A.
EMISid: 1208579
CO-NIT: 890903858
Headquarters
Avenida Carrera 96 # 24C-94 Bogota D.C.; Bogota D.C; Colombia;
Map
Postal Code: 0703
Tel: +57-60-1-401-1600
Email: notificaciones@kof.com.mx
Main Activities: Soft Drink Manufacturing
Copyright © 2024 EMIS, all rights reserved. An ISI Emerging Markets Group Company.
EMIS Business Report, Generated on 2024-03-28
Table of Contents
Table of Contents 2
Hoja Resumen de Compañía 3
Información de Contacto 3
Clasificación de sectores por NAICS 3
Descripción de la compañía 3
Información básica 3
Nota EMIS Financiera 3
Principales Ejecutivos 3
Datos Financieros Claves 4
Gráficas de rendimiento financiero 5
Últimas transacciones M&A y ECM 5
Compañías similares 5
Estados Financieros 7
Declaraciones Anuales 7
Ratios 11
Documentos de la compañía 14
Doc. Financieros - Reportes Anuales 14
Noticas y Reportes 14
Noticias 14
Operaciones M&A y ECM 20

Transacciones EMIS DealWatch 20
Análisis de Crédito de EMIS 21

Resumen 21
Nota EMIS Financiera 21
Nota EMIS Benchmark 23
EMIS Cuota de Crédito 23
EMIS Credit Analytics Assumptions 25
Limitaciones de Responsabilidad 26
Copyright © 2024 EMIS, all rights reserved. An ISI Emerging Markets Group Company. Page 2 of 26
Hoja Resumen de Compañía - Información de Contacto

Nombre Completo: Industria Nacional de Gaseosas S.A. Casa Matriz
Avenida Carrera 96 # 24C-94 Bogotá D.C.; Bogotá D.C; Colombia;
Nombre(s) anterior: Panamco Colombia S.A (2003) Mapa

Código Postal: 0703
Estado: No cotizada Teléfono: +57-60-1-401-1600

Correo Electrónico: notificaciones@kof.com.mx
Forma Legal: S.A.
Estatus Operacional: Operacional
EMISid: 1208579
CO-NIT: 890903858
Fecha de Incorporación: 29 de diciembre de 1994
Hoja Resumen de Compañía - Clasificación de sectores por NAICS
Principales Actividades: Fabricación de Refrescos

(312111)
Hoja Resumen de Compañía - Descripción de la compañía
Descripción de Compañías Productos Principales
Industria Nacional de Gaseosas S.A. es una subsidiaria de la Coca-Cola bebidas no alcohólicas

FEMSA, desde el 2003 cuando adquirió Panamco Colombia. Se dedica a la
Marcas Comercializadas
elaboración, producción, embotellado, distribución y venta de bebidas no
alcohólicas. Coca-Cola, Coca-Cola Vainilla, Coca-Cola Ligt, Coca-Cola Zero, Fanta, Kola
Román, Lift, Premio, Quatro, Sprite, Club K, Manantial, Santa Clara, Soda
Clausen, Powerade.
Hoja Resumen de Compañía - Información básica
Total de Empleados: 1,806 (2023)
Acciones en
Circulación:
Auditores Deloitte (2009)

Financieros:
Calificación : RUP Status: Inactive (13-mar-23) OFAC List / Lista

Clinton: NO (01-mar-22)
Hoja Resumen de Compañía - Nota EMIS Financiera
Nota EMIS Financiera

EMIS Evaluación Financiera no fue afectada por las
condiciones.
Hoja Resumen de Compañía - Principales Ejecutivos
Carlos Alfredo Gonzalez Gonzalez Representante Legal
Carol Paola Cortes Prieto Representante Legal
Claudia Alejandra Gil Garcia Representante Legal
Daniela Maria Lopez Cubides Representante Legal
Deisy Marcela Carvajal Olarte Representante Legal
Edith Johana Cerpa Salazar Representante Legal
Jairo Alberto Acuña Turbay Representante Legal
Lina Maria Sendoya Bejarano Representante Legal
Maria Alejandra Perez Rondon Representante Legal
Mariana Icaza Rode Representante Legal
Martha Beatriz Campo Castro Representante Legal
Monica Alejandra Cuestas Guzman Representante Legal
Natalia Andrea Ruiz Peñuela Representante Legal
Natalia Zapata Gil Representante Legal
Susana Susana Martinez Mendez Representante Legal
Antonio Diaz Caneja Guillen Miembro Suplente de la Junta Directiva
Guette Osorio Diana Carolina Representante Legal Suplente
Monica Beatriz Amaya Leon Representante Legal Suplente
Nelson Dario Colorado Cano Representante Legal Suplente
Ernst & Young Audit S.A.S Revisor Fiscal
Juan Camilo Villalobos Galindo Revisor Fiscal
Mariana Leonor Gomez Pinto Revisor Fiscal
Santiago Fonseca Jimenez Revisor Fiscal
Hoja Resumen de Compañía - Datos Financieros Claves
PERÍODO FISCAL Y-2019 INDIV. Y-2020 INDIV. Y-2021 INDIV. Y-2022 INDIV.
Total Ingreso Operativo 2,546,843,195 2,439,664,839 3,098,132,346 4,045,090,497
Ingresos netos por ventas 2,543,318,839 2,395,787,020 3,001,627,912 3,939,274,915
Utilidad bruta 787,108,741 778,528,781 899,173,144 1,182,268,851
Margen De Ganancia Bruta 30.95% 32.50% 29.96% 30.01%
Ganancia operativa (EBIT) -139,479,727 -48,551,699 26,046,155 64,869,739
Margen Operacional -5.48% -2.03% 0.87% 1.65%
EBITDA 69,598,764 154,693,347 228,015,523 252,909,553
Margen Ebitda 2.74% 6.46% 7.60% 6.42%
Ganancia (Pérdida) Neta -167,852,117 -51,998,902 9,669,197 43,758,801
Margen Neto -6.60% -2.17% 0.32% 1.11%
Activos Totales 1,836,155,843 1,749,233,845 1,867,024,688 2,337,074,952
Activos Corrientes 453,312,575 450,864,352 507,521,749 751,267,837
Pasivos Totales 986,396,441 954,608,111 1,056,358,289 1,481,208,738
Deuda Neta -21,836,045 -63,419,517 -89,997,288 54,789,710
PERÍODO FISCAL Y-2019 INDIV. Y-2020 INDIV. Y-2021 INDIV. Y-2022 INDIV.
Flujo neto de efectivo por

(utilizados en) actividades de 164,975,478 195,769,750 263,939,155 278,114,297
explotación
Superintendencia de Superintendencia de Superintendencia de Superintendencia de

Proveedor
Sociedades Sociedades Sociedades Sociedades
Nota: datos en COP Miles.
Hoja Resumen de Compañía - Gráficas de rendimiento financiero
Hoja Resumen de Compañía - Últimas transacciones M&A y ECM
VALOR DE
PAÍS TIPO DE PARTICIPACIÓN
FECHA COMPAÑÍA OBJETIVO COMPRADOR VENDEDOR SECTORES TRANSACCIÓN
OBJETIVO TRANSACCIÓN %
USD (MN)
Banca de
Embotelladora Roman
Industria Inversión y
S.A., Embotelladora de Reestructuración Coca-Cola
Nacional de Negociación de
31-oct-08 Colombia Santander S.A., dentro de un FEMSA SAB N/D 100.00%
Gaseosas, Valores,
Inversiones Plugia S.A., holding de CV
S.A (Indega) Fabricación de
Inversiones Noud S.A.
Refrescos
Hoja Resumen de Compañía - Compañías similares
Fabricación de Refrescos
TOTAL GANANCIA GANANCIA RENDIMIENTO RENDIMIENTO UTILIDAD FECHA DE
AÑO
COMPAÑÍA INGRESO OPERATIVA (PÉRDIDA) SOBRE LOS SOBRE EL POR REFERENCIA
FISCAL
OPERATIVO (EBIT) NETA ACTIVOS (%) CAPITAL (%) ACCIÓN DEL PRECIO
Industria
Nacional de 4,045,090,497 64,869,739 43,758,801 1.87 5.11 2022
Gaseosas S.A.
Alpina Productos
Alimenticios 3,607,162,704 265,168,754 102,580,930 4.26 18.10 2022
S.A.S.
Postobon S.A. 2,588,424,031 162,796,023 9,011,334 0.26 0.62 2022
Gaseosas Lux
2,549,968,000 155,381,000 92,757,000 4.48 9.62 2022
S.A.S.
Embotelladora
de la Sabana S 1,163,507,503 70,323,312 84,403,751 8.02 11.58 2022
AS
Gaseosas
Colombianas 705,086,175 15,530,734 6,468,639 1.18 2.61 2022
S.A.S
Ajecolombia S.A. 606,262,755 -3,489,076 -11,173,967 -3.19 -21.28 2022
Nueva
Generacion de 262,222,127 26,487,424 21,605,239 16.71 23.73 2022
Bebidas S.A.S.
Organizacion
260,015,133 13,561,666 5,114,973 3.64 8.36 2022
Cardenas S.A.S
Drinks de
209,615,256 25,183,681 10,004,292 7.14 25.36 2022
Colombia S.A.S.
Nota: datos en COP Miles.
Estados Financieros - Declaraciones Anuales - Plantilla EMIS Global

Fuente:
DETALLES DEL REPORTE
NOMBRE 2018 2019 2020 2021 2022
Tipo de Estado Financiero Anual, Indiv. Anual, Indiv. Anual, Indiv. Anual, Indiv. Anual, Indiv.
Fecha final del período 2018-12-31 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Superintendencia de Superintendencia de Superintendencia de Superintendencia de Superintendencia de

Proveedor
Sociedades Sociedades Sociedades Sociedades Sociedades
Unidades Miles COP Miles COP Miles COP Miles COP Miles COP
Estado de Resultados
NOMBRE 2018 2019 2020 2021 2022
Tipo de Moneda utilizado para la

1.00 1.00 1.00 1.00 1.00
conversión de la moneda (IFRS)
Total Ingreso Operativo 1,579,609,144.00 2,546,843,195.00 2,439,664,839.00 3,098,132,346.00 4,045,090,497.00
Ingresos netos por ventas 1,485,823,726.00 2,543,318,839.00 2,395,787,020.00 3,001,627,912.00 3,939,274,915.00
Costo de mercancías vendidas -1,018,925,332.00 -1,756,210,098.00 -1,617,258,239.00 -2,102,454,768.00 -2,757,006,064.00
Utilidad bruta 466,898,394.00 787,108,741.00 778,528,781.00 899,173,144.00 1,182,268,851.00
Gastos de venta y distribución -552,150,017.00 -791,558,983.00 -751,291,448.00 -833,762,645.00 -1,067,693,844.00
Gastos administrativos -60,651,716.00 -138,553,841.00 -119,666,851.00 -135,868,778.00 -155,520,850.00
Otros resultados operativos netos 93,785,418.00 3,524,356.00 43,877,819.00 96,504,434.00 105,815,582.00
Otros ingresos operativos 93,785,418.00 3,524,356.00 43,877,819.00 96,504,434.00 105,815,582.00
Ganancia operativa (EBIT) -52,117,921.00 -139,479,727.00 -48,551,699.00 26,046,155.00 64,869,739.00
EBITDA 132,680,377.00 69,598,764.00 154,693,347.00 228,015,523.00 252,909,553.00
Resultado financiero -51,982,710.00 -27,079,300.00 -16,488,226.00 -17,945,082.00 -74,094,989.00
Ingresos financieros 0.00 0.00 3,769,621.00 0.00 0.00
Gastos financieros -52,042,498.00 -27,079,300.00 -20,546,561.00 -18,073,101.00 -74,278,625.00
Participación en ganancia (pérdida) de

59,788.00 0.00 288,714.00 128,019.00 183,636.00
asociados
Otros resultados no operativos netos 0.00 922,512.00 0.00 0.00 0.00
Ganancias antes de impuestos -104,100,631.00 -165,636,515.00 -65,039,925.00 8,101,073.00 -9,225,250.00
Impuesto a la renta -3,583,732.00 -2,215,602.00 13,041,023.00 1,568,124.00 52,984,051.00
Ganancias después de impuestos -107,684,363.00 -167,852,117.00 -51,998,902.00 9,669,197.00 43,758,801.00
Ganancia (Pérdida) Neta -107,684,363.00 -167,852,117.00 -51,998,902.00 9,669,197.00 43,758,801.00
Balance General
NOMBRE 2018 2019 2020 2021 2022

1.00 1.00 1.00 1.00 1.00
Activos Totales 1,954,039,927.00 1,836,155,843.00 1,749,233,845.00 1,867,024,688.00 2,337,074,952.00
Activos no corrientes 1,427,331,932.00 1,382,843,268.00 1,298,369,493.00 1,359,502,939.00 1,585,807,115.00
Propiedad, planta y equipo 1,279,593,064.00 1,196,911,415.00 1,146,655,052.00 1,217,705,198.00 1,391,473,994.00
Activos intangibles y valor llave 119,849,384.00 142,706,727.00 132,217,556.00 121,485,393.00 130,793,934.00
Otros activos intangibles 119,849,384.00 142,706,727.00 132,217,556.00 121,485,393.00 130,793,934.00
Comerciales y otras cuentas a cobrar

7,810,024.00 7,327,994.00 5,725,250.00 8,133,000.00 8,609,051.00
no corrientes
Cuentas por cobrar no corrientes 7,810,024.00 7,327,994.00 5,725,250.00 8,133,000.00 8,609,051.00
Activos financieros a largo plazo 20,079,460.00 16,322,949.00 13,771,635.00 12,179,348.00 8,889,522.00
Inversiones en subsidiarias 0.00 0.00 0.00 0.00 8,889,522.00
Otros activos financieros no

20,079,460.00 16,322,949.00 13,771,635.00 12,179,348.00 0.00
corrientes
Activos diferidos 0.00 0.00 0.00 0.00 7,191,924.00
Activos no corrientes por impuesto

0.00 0.00 0.00 0.00 7,191,924.00
diferido
Otros activos no corrientes 0.00 19,574,183.00 0.00 0.00 38,848,690.00
Activos Corrientes 526,707,995.00 453,312,575.00 450,864,352.00 507,521,749.00 751,267,837.00
Inventarios 93,323,212.00 133,150,146.00 145,765,250.00 123,095,172.00 271,533,647.00
Comerciales y otras cuentas a cobrar 416,400,437.00 296,109,925.00 234,654,435.00 290,470,645.00 408,440,108.00
Cuentas comerciales por cobrar 374,945,895.00 223,454,334.00 155,083,166.00 184,168,992.00 266,847,642.00
Créditos de impuestos 41,454,542.00 72,655,591.00 79,571,269.00 106,301,653.00 141,592,466.00
Activos financieros de corto plazo 5,572,594.00 399,744.00 0.00 3,283,200.00 5,791,290.00
Otros activos financieros corrientes 5,572,594.00 399,744.00 0.00 3,283,200.00 5,791,290.00
Efectivo o Equivalentes 11,099,350.00 23,404,169.00 69,560,659.00 89,997,288.00 7,391,851.00
Otros Activos Corrientes 312,402.00 248,591.00 884,008.00 675,444.00 58,110,941.00
Total de patrimonio y pasivos 1,954,039,927.00 1,836,155,843.00 1,749,233,845.00 1,867,024,688.00 2,337,074,952.00
Total de patrimonio 1,022,334,258.00 849,759,402.00 794,625,734.00 810,666,399.00 855,866,214.00
Patrimonio neto atribuible a los

1,022,334,258.00 849,759,402.00 794,625,734.00 810,666,399.00 855,866,214.00
propietarios de la controladora
Capital Suscrito 12,256,000.00 12,256,000.00 12,256,000.00 12,256,000.00 12,256,000.00
Prima de emisión 384,765,077.00 384,765,077.00 384,765,077.00 384,765,077.00 384,765,077.00
Otras reservas 640,961,565.00 636,238,826.00 633,104,060.00 639,475,528.00 771,402,636.00
Resultados acumulados -15,648,384.00 -183,500,501.00 -235,499,403.00 -225,830,206.00 -312,557,499.00
Pasivos Totales 931,705,669.00 986,396,441.00 954,608,111.00 1,056,358,289.00 1,481,208,738.00
Pasivos no corrientes 105,054,992.00 112,926,687.00 90,499,011.00 88,814,960.00 99,564,878.00
Créditos y préstamos no corrientes 0.00 0.00 0.00 0.00 60,000,000.00
Ingresos diferidos, gastos

devengados y otros pasivos no 63,323,080.00 60,130,785.00 44,753,380.00 45,746,174.00 0.00
circulantes diferidos
Provisiones para otros pasivos y

30,571,986.00 33,885,225.00 34,165,034.00 25,211,760.00 20,042,502.00
gastos
Otros pasivos no corrientes 11,159,926.00 18,910,677.00 11,580,597.00 17,857,026.00 19,522,376.00
Pasivos Corrientes 826,650,677.00 873,469,754.00 864,109,100.00 967,543,329.00 1,381,643,860.00
Créditos y préstamos corrientes 0.00 1,568,124.00 6,141,142.00 0.00 2,181,561.00
Comerciales y otras cuentas a pagar 749,692,833.00 789,864,954.00 780,513,811.00 850,567,126.00 1,231,859,135.00
Cuentas Comerciales por pagar 749,692,833.00 789,864,954.00 780,513,811.00 850,567,126.00 1,231,859,135.00
Provisiones para otros pasivos y

49,162,820.00 49,346,055.00 54,003,259.00 49,483,870.00 53,022,107.00
gastos
Otros pasivos corrientes 0.00 7,043,865.00 2,376,877.00 22,062,807.00 55,948,959.00
Pasivos corrientes por impuesto a la

27,795,024.00 25,646,756.00 21,074,011.00 45,429,526.00 38,632,098.00
renta
Estado de Flujo de Efectivo
NOMBRE 2018 2019 2020 2021 2022

1.00 1.00 1.00 1.00 1.00
Flujo neto de efectivo por (utilizados en)

147,675,376.00 164,975,478.00 195,769,750.00 263,939,155.00 278,114,297.00
actividades de explotación
Utilidad Neta -107,684,363.00 -167,852,117.00 -51,998,902.00 9,669,197.00 43,758,801.00
Efectivo generado por las operaciones 205,507,893.00 227,616,773.00 235,305,395.00 206,486,077.00 268,501,476.00
Ajustes por: Depreciación y deterioro de

184,798,298.00 209,078,491.00 203,245,046.00 201,969,368.00 188,039,814.00
propiedad, planta y equipo
Ajustes por: Gastos financieros 0.00 0.00 0.00 0.00 72,208,667.00
Ajustes por: otros ajustes 13,464,205.00 17,468,282.00 25,091,769.00 633,437.00 520,003.00
Cambios en: Inventarios -2,210,149.00 -39,184,655.00 -12,124,855.00 22,247,547.00 -161,418,622.00
Cambios en: comerciales y otras

-188,387,507.00 149,452,297.00 65,309,599.00 -41,390,083.00 -87,368,247.00
cuentas a cobrar
Cambios en: comerciales y otras

180,937,873.00 26,985,719.00 -9,640,349.00 69,737,846.00 314,130,898.00
cuentas a pagar
Cambios en: Provisiones y beneficios

7,245,390.00 1,070,000.00 6,968,580.00 3,883,272.00 7,732,992.00
para los empleados
Otro flujo de efectivo de actividades

59,511,629.00 -32,042,539.00 -31,081,138.00 -2,811,429.00 -99,490,009.00
operativas
Flujo neto de efectivo de (utilizadas en)

-145,081,456.00 -139,445,859.00 -135,230,522.00 -225,139,250.00 -397,544,975.00
actividades de inversión
Producto de venta de propiedades,

112,983.00 46,182.00 8,671,521.00 6,560,863.00 31,931,422.00
planta y equipo
Compra de propiedades, planta y equipo -132,274,836.00 -97,603,094.00 -135,321,137.00 -228,255,552.00 -406,801,188.00
Compra de activos intangibles -12,919,603.00 -41,888,947.00 -6,445,410.00 -3,444,561.00 -21,891,027.00
Dividendos recibidos 0.00 0.00 0.00 0.00 128,018.00
Otros flujos de efectivo de actividades

0.00 0.00 -2,135,496.00 0.00 -912,200.00
inversión
Flujo neto de efectivo de (utilizados en)

-40,000,000.00 -12,967,165.00 -14,382,738.00 -18,363,276.00 35,843,963.00
actividades de financiación
Ingresos provenientes de préstamos 365,000,000.00 0.00 0.00 0.00 60,000,000.00
Reembolso de préstamos -405,000,000.00 0.00 0.00 0.00 0.00
Pagos de las obligaciones de

0.00 0.00 -14,382,738.00 -18,363,276.00 -24,156,037.00
arrendamiento financiero
Otros flujos de efectivo de actividades

0.00 -12,967,165.00 0.00 0.00 0.00
financieras
Aumento (disminución) neto en efectivo y

-37,406,080.00 12,562,454.00 46,156,490.00 20,436,629.00 -83,586,715.00
equivalentes de efectivo
Efectivo al inicio del período 49,123,931.00 11,099,350.00 23,404,169.00 69,560,659.00 89,997,288.00
Ganancias (pérdidas) de intercambio de

-618,501.00 -257,635.00 0.00 0.00 981,278.00
efectivo y equivalentes
Efectivo al final del período 11,099,350.00 23,404,169.00 69,560,659.00 89,997,288.00 7,391,851.00
Más Inforciones
NOMBRE 2018 2019 2020 2021 2022
Fecha inicial del periodo de reporte 2018-01-01 2019-01-01 2020-01-01 2021-01-01 2022-01-01
Unidades originales como se reportó COP Miles COP Miles COP Miles COP Miles COP Miles
Supersociedades - Supersociedades - Supersociedades - Supersociedades - Supersociedades -

Fuente
NIIF NIIF NIIF NIIF NIIF
Estados Financieros - Ratios

Fuente:
DETALLES DEL REPORTE
NOMBRE 2018 2019 2020 2021 2022
Superintendencia de Superintendencia de Superintendencia de Superintendencia de Superintendencia de

Proveedor
Sociedades Sociedades Sociedades Sociedades Sociedades
Unidades Miles COP Miles COP Miles COP Miles COP Miles COP
Ratios
NOMBRE 2018 2019 2020 2021 2022

1.00 1.00 1.00 1.00 1.00
Ratios de Rentabilidad
Rendimiento Sobre Los Activos (ROA) -5.51% -9.14% -2.97% 0.52% 1.87%
Rendimiento Sobre Activos Anualizado -5.51% -9.14% -2.97% 0.52% 1.87%
Rendimiento Sobre El Patrimonio (ROE) -10.53% -19.75% -6.54% 1.19% 5.11%
Rendimiento Sobre El Patrimonio Anualizado -10.53% -19.75% -6.54% 1.19% 5.11%
Rendimiento Sobre El Capital Empleado -4.62% -14.49% -5.49% 2.90% 6.79%
Margen Neto -7.25% -6.60% -2.17% 0.32% 1.11%
Margen De Ganancia Bruta 31.42% 30.95% 32.50% 29.96% 30.01%
Margen Operacional -3.51% -5.48% -2.03% 0.87% 1.65%
Margen Ebitda 8.93% 2.74% 6.46% 7.60% 6.42%
ROA Operativo -2.67% -7.60% -2.78% 1.40% 2.78%
Ratios de Eficiencia
Rotación De Inventario 10.92x 13.19x 11.10x 17.08x 10.15x
Rotación De Cuentas Por Cobrar 3.88x 11.02x 14.90x 15.61x 14.30x
Rotación Del Activo Corriente 2.82x 5.61x 5.31x 5.91x 5.24x
Rotación Del Activo No Corriente 1.04x 1.84x 1.85x 2.21x 2.48x
Rotación De Activos 0.76x 1.39x 1.37x 1.61x 1.69x
Rotación De Cuentas Por Pagar 1.36x 2.27x 2.09x 2.45x 2.36x
Rotación Del Capital De Trabajo -4.95x -6.05x -5.80x -6.53x -6.25x
Proporción De Exportación 0.00% 0.00% 0.00% 0.00% 0.00%
Cifras de valoración
Valor Contable 902,484,874.00 707,052,675.00 662,408,178.00 689,181,006.00 725,072,280.00
Efectivo Neto -920,606,319.00 -962,992,272.00 -885,047,452.00 -966,361,001.00 -1,473,816,887.00
Deuda 0.00 1,568,124.00 6,141,142.00 0.00 62,181,561.00
Deuda A Largo Plazo 0.00 0.00 0.00 0.00 60,000,000.00
Deuda A Corto Plazo 0.00 1,568,124.00 6,141,142.00 0.00 2,181,561.00
Deuda Neta -11,099,350.00 -21,836,045.00 -63,419,517.00 -89,997,288.00 54,789,710.00
Capital De Trabajo -299,942,682.00 -420,157,179.00 -413,244,748.00 -460,021,580.00 -630,376,023.00
Capital Empleado 1,127,389,250.00 962,686,089.00 885,124,745.00 899,481,359.00 955,431,092.00
Ratios de Liquidez
Modelo Z-Score de Altman -0.24 -1.53 -1.36 -1.18 -1.63
Razón De Liquidez 0.64x 0.52x 0.52x 0.52x 0.54x
Prueba Ácida 0.52x 0.37x 0.35x 0.40x 0.35x
Razón De Efectivo 0.01x 0.03x 0.08x 0.09x 0.01x
Coeficiente De Efectivo 0.01x 0.03x 0.08x 0.09x 0.01x
Relación De Flujo De Efectivo Operativo 0.18x 0.19x 0.23x 0.27x 0.20x
Ratios de Apalancamiento
Relación Deuda/Activos Totales 0.00% 0.09% 0.35% 0.00% 2.66%
Relación Deuda/Capital 0.00% 0.18% 0.77% 0.00% 7.27%
Relación Deuda Largo Plazo/Capital

0.00% 0.00% 0.00% 0.00% 6.28%
Empleado
Relación Deuda/Ebitda 0.00x 0.02x 0.04x 0.00x 0.25x
Relación Flujo De Caja/Deuda 801.11% 751.59% -134.42%
Relación Activos/Patrimonio 191.14% 216.08% 220.13% 230.31% 273.07%
Ratios de Tendencia de Crecimiento
Tendencia De Los Ingresos Netos -2.42% 71.17% -5.80% 25.29% 31.24%
Tendencia De Los Ingresos Operacionales -2.83% 61.23% -4.21% 26.99% 30.57%
Tendencia De La Utilidad Bruta 11.17% 68.58% -1.09% 15.50% 31.48%
Tendencia Del Ebitda 49.25% -47.54% 122.26% 47.40% 10.92%
Tendencia De La Utilidad Operacional -39.08% 167.62% -65.19% -153.65% 149.06%
Tendencia De La Utilidad Neta -40.44% 55.87% -69.02% -118.60% 352.56%
Tendencia Cuentas Por Cobrar 91.81% -39.71% -30.32% 19.58% 43.24%
Tendencia Del Inventario 2.29% 42.68% 9.47% -15.55% 120.59%
Tendencia Propiedad, Planta Y Equipo Neto

-3.93% -6.46% -4.20% 6.20% 14.27%
(PP&E)
Tendencia De Los Activos Totales 2.42% -6.03% -4.73% 6.73% 25.18%
Tendencia Del Valor Contable 38.46% -21.65% -6.31% 4.04% 5.21%
Tendencia Del Patrimonio Neto 34.21% -16.88% -6.49% 2.02% 5.58%
Tendencia Del Flujo De Caja Operativo -5.23% 11.71% 18.67% 34.82% 5.37%
Tendencia Gastos De Capital -5.67% -3.93% 1.63% 63.44% 85.02%
Ratios de cobertura
Cobertura De La Deuda 105.21x 31.88x 4.47x
Ratios de rendimiento
Razón Flujo De Caja Operativo/Ingresos 9.94% 6.49% 8.17% 8.79% 7.06%
Razón Flujo De Caja Operativo/Activos 7.56% 8.98% 11.19% 14.14% 11.90%
Razón Flujo De Caja Operativo/Patrimonio 14.44% 19.41% 24.64% 32.56% 32.50%
Razón Flujo De Caja Operativo/Utilidad

-283.35% -118.28% -403.22% 1,013.35% 428.73%
Operacional
Proporciones de tamaño común
Relación Efectivo/Total Activos 0.57% 1.27% 3.98% 4.82% 0.32%
Relación Cuentas Por Cobrar/Activos

19.59% 12.57% 9.19% 10.30% 11.79%
Totales
Relación Inventario/Total Activos 4.78% 7.25% 8.33% 6.59% 11.62%
Relación Activo fijo/Total activo 65.48% 65.19% 65.55% 65.22% 59.54%
Relación Pasivo Corriente/Pasivo total 88.72% 88.55% 90.52% 91.59% 93.28%
Razón Salarios Y Prestaciones Laborales/

0.00% 0.00% 0.00% 0.00% 0.00%
Ventas
Relación Gastos Administrativos/Ventas 4.08% 5.45% 4.99% 4.53% 3.95%
Relación Depreciación Y
0.00% 0.00% 0.00% 0.00% 0.00%
Amortización/Ventas
Relación Intereses Pagados/Ventas 0.00% 0.00% 0.00% 0.00% 0.00%
Relación Impuesto A La Renta/Ventas 0.24% 0.09% -0.54% -0.05% -1.35%
Relación Flujo De Caja Operativo/Flujo De

-394.79% 1,313.24% 424.14% 1,291.50% -332.73%
Caja Total
Relación Flujo De Efectivo De

387.86% -1,110.02% -292.98% -1,101.65% 475.61%
Inversión/Flujo De Efectivo Total
Relación Flujo De Efectivo De

106.93% -103.22% -31.16% -89.85% -42.88%
Financiación/Flujo De Efectivo Total
Más Inforciones
NOMBRE 2018 2019 2020 2021 2022
TEXT
Todos los ratios calculados por EMIS
Fecha inicial del periodo de reporte 2018-01-01 2019-01-01 2020-01-01 2021-01-01 2022-01-01
Unidades originales como se reportó COP Miles COP Miles COP Miles COP Miles COP Miles
Supersociedades - Supersociedades - Supersociedades - Supersociedades - Supersociedades -

Fuente
NIIF NIIF NIIF NIIF NIIF
Documentos de la compañía - Doc. Financieros - Reportes Anuales

más »
Noticas y Reportes - Noticias
December 14,
2023 Colombia: Coca-Cola Femsa forms alliance for water conservation
Valona - News Monitoring
La República - Colombia, 13 Dec 2023, Online:-Corporación Agua Somos, Postobón, Central Cervecera, and Coca-Cola Femsa Colombia
have formed an alliance to strengthen water care and governance in the Bogotá Sabana.
September 27,
2023 Colombia: Coca-Cola Femsa to expand Barranquilla plant
Portafolio, 26 Sep 2023, Online:-Coca-Cola bottler Coca-Cola Femsa will expand its plant in Barranquilla in Colombia. It has also delivered 22
electric vehicles to its premises in Bogota. The plant expansion project is due to be finished by 2024. Production capacity will rise 50%. The
firm expects 34% of its fleet to be electric by 2030.
July 20,
2023 Colombia: Nutresa was leading food and drink company in 2022
La República - Colombia, 19 Jul 2023, Online:-Nutresa was the leading food and drink company in Colombia in 2022 with a turnover of COP
17tn (EUR 3.40bn USD 3.76bn), 33.75% above 2021, according to the business sector watchdog Superintendencia de Sociedades. Bavaria
followed with COP 10.9tn, 21.46% up from 2021.
July 18,
2023 Colombia: Coca-Cola Femsa opens new production line
America Retail, 18 Jul 2023, Online:-Coca-Cola products bottler, Coca-Cola Femsa, has opened a new production line in Bucaramanga in
Colombia, following an investment of USD 25mn (EUR 22.61mn). The technology was supplied by Cronex. It can produce 30mn cases per
year.
May 23,
2023 Colombia: New president at Coca-Cola Femsa
Portafolio, 23 May 2023, Online:-Carlos Alfredo Gonzalez has taken his role as president of Coca-Cola Femsa in Colombia. In an interview,
Gonzalez mentioned how water brands such as Agua Brisa and Agua Manantial represent 15% of the firm's sales in Colombia.
May 17,
2023 Colombia: Oxxo opens 35 stores in first four months of 2023
La República - Colombia, 17 May 2023, Online:-Mexican convenience store chain Oxxo, owned by Grupo Femsa, opened 35 stores in
Colombia in the first four months of 2023, bringing the total number of stores to 266. These stores are located in key cities such as Pereira,
Bucaramanga and Bogota.
April 29,
2023 Colombia : IFC launches program to promote business among women-owned SMEs and leading
companies in Colombia
Euclid - Tenders News
The International Finance Corporation (IFC), in partnership with the Financing Initiative for Women Entrepreneurs (We-Fi) and the Government
of Norway, announced the launch of Sourcing2Equal Colombia (S2E Colombia), a program aimed at promoting business between Small and
Medium Enterprises (SMEs) owned by women and large companies in Colombia.
April 29,
2023 Colombia : IFC launches Sourcing2Equal Colombia program to promote businesses between women
owned/led SMEs suppliers and 15 corporate buyers
The International Finance Corporation (IFC), in partnership with the Women Entrepreneurs Finance Initiative (We-Fi) and the Government of
Norway, announced the launch of Sourcing2Equal Colombia (S2E Colombia), a program aimed at promoting business between WSMEs and
corporate Buyers in Colombia.
March 30,
2023 Colombia: Coca-Cola focuses on returnable bottles plan
Portafolio, 30 Mar 2023, Online:-Coca-Cola is focusing through its local subsidiary in Colombia, Coca-Cola Colombia, and Coca-Cola Femsa,
on a USD 20mn (EUR 18.54mn) project to increase the availability of returnable bottles in the country.
November 22,
2022 Colombia: Femsa South American revenues on the up
SABI - Business News
Coca-Cola Femsa announces its quarterly results in South America, including operations in Brazil, Argentina, Colombia and Uruguay, reaching
19.1% augment in total revenues up until $1.19 billion USD. Gross profits in these markets rose 25.2%, hitting $490.7 million dollars.
August 09,
2022 Mexico : Mexico and Colombia begin a new era of
cooperation
Dr. Beatriz Gutierrez Mller and Foreign Minister Marcelo Ebrard Casaubon met today in Bogot with Gustavo Petro Urrego and Francia Mrquez
Mina, the new president and vice president of that nation.
August 07,
2022 Colombia: Tetra Pak partners with iNNpulsa for social responsibility startups
Tetra Pak Andina completes 30 years of activities and launches sustainability initiative '30 Acciones por Colombia' with a budget of
approximately $800,000 USD until June next year. The launching of Startups by Tetra Pak program, in alliance with iNNpulsa and Andi, is
especially designed for supporting local enterprises in the food area.
July 21,
2022 Colombia: Nutresa leads food & beverge raking
Turnover of the food & beverage sector climbed 31.6% in year-2021 up until $87.7 trillion COP, corresponding 3% of the GDP and has placed
79 companies in the national Top 1,000 Companies ranking, according to data provided by Supersociedades.
May 06,
2022 Colombia: SAP sees boost in cloud solutions demand
Cloud solutions offered by SAP shot up 25% thanks to a heated up digital transformation movement in Latin America. Revenue of cloud
storage and related services would achieve close to $23 billion USD until 2025.
December 18,
2021 Muncher Smart Kitchen Operator Receives $30 Million USD Series B Funding
Finance Colombia
According to Tracxn, smart kitchen operator Muncher has raised a $30 million USD Series B round. Series B founders were not disclosed, but
previous investors include TMT Investments, Copernion, MGM Innovation Group, Amador, and FEMSA Ventures.
November 13,
2021 Bonds & Loans Latin America & Caribbean Awards Winners Announced
Finance Colombia
The Bonds & Loans Latin America & Caribbean Awards will take place on the 1st of December 2021, at the Ritz-Carlton Coconut Grove,
Miami! Since 2015 the Bonds & Loans Awards has been recognizing the most innovative and ground-breaking deals from Sovereign,
Corporate and Financial Institution issuers and borrowers.
July 02,
2021 Colombia: Coca-Cola FEMSA to vaccinate 3,000 employees
Portafolio, 01 Jul 2021, online:-Coca-Cola bottler Coca-Cola FEMSA has acquired more than 7,000 COVID-19 vaccines in order to immunise
over 3,000 employees in Colombia. The company has invested USD 150,000 (EUR 125,681.48) in the initiative which is led by Colombia's
National Business Association (ANDI).
June 15,
2021 Colombia: Finsocial and Coca-Cola FEMSA launch line of
credit
Colombiano (El), 12 Jun 2021, online:-Coca-Cola bottler Coca-Cola FEMSA and Colombian credit company Finsocial have partnered to
launch the Finsotienda line of credit. This will help entrepreneurs to strengthen or create their own business and will provide alternatives to
make them sustainable and profitable.
May 11,
2021 Colombia: Bavaria and Coca-Cola not to appeal against ruling on
alliance
La Republica, 10 May 2021, online:-Colombia's industry watchdog (SIC) has affirmed that drinks companies Bavaria and Coca-Cola are not
submitting an appeal in response to the entity's ruling against a proposed alliance.
May 01,
2021 Colombia: Drinks alliance sunk by Superindustria
In the last quarter of last year, a request was made for the right to ally in the drinks sector in Colombia by Bavaria, Industria Nacional de
Gaseosas SA (Indega), Embotelladora de la Sabana (Embosa), Compania de Transporte de Bebidas (Transbeb), Compania de Servicios
Comerciales (Atencom) and Coca-Cola Bebidas de Colombia SA.
May 01,
2021 Colombia: Superindustria decides against merger involving Bavaria and bottlers
etc
Today, Colombia's Superintendencia de Industria y Comercio (SIC) has rejected the proposed the would-be merger between Bavaria,
Industria Nacional de Gaseosas SA (Indega), Embotelladora de la Sabana SAS (Embosa), Compania de Transporte de Bebidas SAS
(Transbeb), Compania de Servicios Comerciales SAS (Atencom) and Coca-Cola Bebidas de Colombia SA in
April 26,
2021 Colombia: SIC halts alliance between Bavaria and Coca-Cola
La Republica, 24 Apr 2021, online:-Colombia's industry watchdog (SIC) has issued a resolution to halt a proposed alliance between drinks
companies Bavaria and Coca-Cola on the grounds that it would restrict competition.
March 05,
2021 Colombia: Bancolombia recognised as most responsible company by Merco in 2020
La Republica, 03 Mar 2021, online:-Colombian bank Bancolombia has placed first in the country for corporate governance and corporate social
responsibility according to the 2020 ranking from Merco. The bank also came first in 2019. Meanwhile, local food company Nutresa
maintained second position.
December 08,
2020 Colombia: Mercedes-Benz sells 48 Atego 1726 trucks to Renting Colombia
Automotive Business, 07 Dec 2020, Online:-The Brazilian division of German vehicle manufacturer Mercedes-Benz has sold 48 Atego 1726
trucks to Colombian vehicle rental firm Renting Colombia. The units were produced in Sao Bernardo do Campo, in the state of Sao Paulo.
October 27,
2020 Colombia: Bavaria and Coca-Cola request approval for alliance
Portafolio, 26 Oct 2020, online:-Colombian drinks company Bavaria and the local divisions of Coca-Cola and Coca-Cola FEMSA have
requested approval from Colombia's industry watchdog (SIC) in order to form an alliance. This would help the companies to reach more points
of sale and expand their portfolios.
September 23,
2020 Colombia: Microenterprise event to be held in
Bogota
La Republica, 21 Sep 2020, online:-The Bogota Chamber of Commerce in Colombia is to hold a virtual fair for microenterprises on 23-24
September 2020. The event is expected to benefit 2,500 businesses. There will be 330 consultancies and 122 activities to help businesses to
drive sales, access financing, innovate and adopt digital transformation.
July 30,
2020 Drugstore group DPSP negotiates sale to Femsa
Valor Econômico Internacional
Drugstore group DPSP, which owns chains Drogarias Pacheco and São Paulo, has resumed talks to sell its entire business to Femsa, the
Mexican beverage giant that has an arm with 3,000 drugstores in Mexico, Colombia, Chile and Ecuador.
April 17,
2020 Colombia: Drinks companies to grant food vouchers to
recyclers
La Republica, 16 Apr 2020, online:-Drinks companies Bavaria, Coca-Cola, Coca-Cola Femsa, Postobon and PepsiCo have announced they
will grant 1,100 food vouchers to 300 recyclers in Colombia as part of the Movimiento RE initiative. This is aimed at supporting recyclers during
the coronavirus crisis. The vouchers will be distributed over three weeks.
January 30,
2020 The LatAm hotspots for a German software player
BNA - Noticias en Inglés
SAP did well in the region - even in crisis-hit Argentina. 2020-01-30 17:20:00 +0000
PERU,ARGENTINA,BRAZIL,MEXICO,REGIONAL,COLOMBIA, INFRASTRUCTURE,ICT, Brazil, Mexico, Peru and even Argentina were the
hotspots for German software giant SAP in Latin America last year.
March 21,
2019 Colombia: Grupo Nutresa and Bancolombia maintain lead in corporate
reputation
Colombian food company Grupo Nutresa and bank Bancolombia have placed first in the Corporate Reputation Monitor (Merco) in 2019,
maintaining their positions from 2018. The remaining top ten companies comprised Smurfit Kappa, 3M, Frisby, Celsia, Davivienda, Johnson &
Johnson, BBVA, and Coca-Cola Femsa.
March 06,
2019 Colombia: Coca-Cola Femsa no longer pursuing legal action against government
La Republica, 05 Mar 2019, online:-In Colombia, Mexican bottler Coca-Cola Femsa has announced it will no longer pursue legal action against
the government in response to the tax reform which affected fizzy drinks and beer.
February 27,
2019 Colombia: Postobon sponsoring the Colombian Team
Founded in the 30s' soft drinks Postobon is deeply rooted in the Colombians and has been committed with football sponsorship since the late
80s'. It took a step forward this time by signing a deal with Selección Colombiana, filling in a blank left by other beverages major, Coca-Cola
Femsa.
January 24,
2019 Colombia: Coca-Cola will not renew deal with national football team
La Republica, 24 Jan 2019, online:-The Colombian division of The Coca-Cola Company and local bottler Coca-Cola Femsa, have announced
that it will not renew its sponsorship deal with the Colombia national football team worth USD 12mn (EUR 10.40mn).
January 23,
2019 Colombia: CBRE reports revenues of COP 21bn in 2018
La Republica, 23 Jan 2019, online:-The head of US-based real estate investment firm CBRE Colombia, Andres Cardona, has reported that the
firm earned revenues of COP 21bn (EUR 6mn USD 6.93mn) in 2018, representing close to three-digit growth compared to 2017.
January 22,
2019 Colombia: Coca-Cola Femsa criticised for dismissal of 177 workers
La Republica, 22 Jan 2019, online:-Colombian agri-food trade union (Sinaltrainal) has denounced the local division of Mexican bottler Coca-
Cola Femsa for a mass dismissal of 177 workers carried out at its local plants and distribution centres on 16 January 2019. Sinaltrainal added
that the laid-off workers were not unionised.
December 11,
2018 Colombia: Coca-Cola Femsa criticises proposed tax on sugary drinks
El Espectador, 07 Dec 2018, online:-Mexican bottler Coca-Cola Femsa has voiced its concerns regarding the proposed pluriphasic tax on
sugary drinks and beer in Colombia. The company estimates that the resulting 20% price increase could reduce sales by just as much.
October 19,
2018 Colombia: Femsa complies with sustainability
Soft-drinks major Coca Cola Femsa is migrating towards adopting 100% of renewable energy sources on its seven Colombian plants, after
striking a 15-year supply contract with Empresas Publicas de Medellin, as informed by director, Ivan Becerra.
October 01,
2018 Colombia: EPM to reinforce renewable generation projects
El Colombiano, 01 Oct 2018, online:-Colombian public utilities firm Empresas Publicas de Medellin (EPM) has announced plans to expand
renewable generation projects as demand from industrial clients continues growing.
July 26,
2018 Colombia: Eduardo Pereyra is the new president of Coca-Cola Femsa Colombia
La Republica, 24 Jul 2018, online:-The Mexican executive Eduardo Pereyra has become the new president of Coca-Cola Femsa Colombia.
Pereyra was the company's Bogota manager between 2003 and 2006. Pereyra has also worked as the firm's area manager for Mexico City
and as deputy president for Coca-Cola Femsa's operations in Brazil and Venezuela.
June 20,
2018 Bancolombia, Sura, Davivienda Rank Among Top Colombian Companies at Attracting
Talent
Finance Colombia
Leading Colombian financial firms, including Bancolombia, Sura, and Davivienda, are among the companies in the nation that have the
greatest ability to attract talent, according to a new study.
May 25,
2018 Colombia: Food and drinks firms generated turnover of COP 53.30tn in 2017
According to Colombia's national business sector watchdog (Supersociedades), out of the top 1,000 biggest companies in the country, there
were 61 companies from the food and drink sector with a combined turnover of COP 53.30tn (EUR 15.47bn USD 18.24bn) in 2017.
May 14,
2018 Colombia: Mexican investments stood at USD 1.71bn in 2017
El Financiero, 10 May 2018, online:-According to information from Colombia's central bank, Banco de la Republica, Mexican direct
investments reached USD 1.71bn (EUR 1.43bn) during 2017, a figure 13 times higher than in 2016.
April 13,
2018 Colombia: Femsa, Air Liquide dedicate gases + soft drinks plant at Cundinamaarca
Air Liquide and Coca Cola Femsa renewed their partnership for carbonated beverages facilities and are dedicating a new plant at Tocancipa
(Cundinamarca). Air Liquide supplies industrial gases and utilities (energy, vapour) to Femsa and is also to supply carbon dioxide to other
Colombian companies.
April 12,
2018 Colombia: FEMSA and Air Liquide open CO2 production plant in Tocancipá
Portafolio, 10 Apr 2018, Online:-French industrial gases group Air Liquide has built a carbon dioxide production and co-generation unit in the
Free Trade Zone FEMSA Industrial Park of Tocancipá (Colombia) as part of a contract with Coca-Cola FEMSA, which is the largest Coca-
Cola bottler in the world.
March 26,
2018 Colombia: 10 Gold brand of James Rodríguez launches water drinks
Portafolio, 22 Mar 2018, Online:-The 10 Gold energy drink brand (owned by Functional Foods) has launched a new line of water drinks,
backed by an investment of around COP 1.70bn (EUR 484,318.68 USD 595,341.29) and a social media marketing strategy.
February 05,
2018 Colombia: Cruz Verde climbs to second position in pharmacy
sector
Cruz Verde, the pharmacy chain owned by Femsa, climbed to the second place in Colombia's pharmacy chains' list, sending Drogas La
Rebaja owned by Copservir to number three, getting close to the top position which is occupied by Farmacenter,
September 26,
2017 Colombia: Cruz Verde to reach turnover of COP 1.40tn in 2017
Portafolio, 25 Sep 2017, online:-Colombian pharmacy chain Droguerias y Farmacias Cruz Verde, partially owned by Mexican conglomerate
Femsa, has forecasted a turnover of COP 1.40tn (EUR 403.81mn USD 482.49mn) by the end of 2017, compared to COP 500bn reported in
2012 (+174%), when it entered the local market.
April 28,
2017 Colombia: Coca-Cola Femsa reports 25.6% slump in Q1 2017 sales
El Tiempo, 27 Apr 2017, online:-Mexican bottler Coca-Cola Femsa reports that its sales in Colombia amounted to 60.90mn cases of all types
of beverages during the first quarter (Q1) of 2017, which is 25.6% less than in Q1 2016. The company's local subsidiary Industria Nacional de
Gaseosas also revealed that sales of fizzy drinks fell by 22.4% to 44.
March 02,
2017 Colombia: Less beverages sales for Femsa in 2016
Coca Cola Femsa, the bottling company, has registered sales of 307mil boxes in Colombia, 4% less than the 320mil sold 2015, while
consolidated income went up from Pesos$2,24bil to Pesos$2,47bil. There was a decrease in the domestic carbonated beverages market from
228,2mil to 226,7mil boxes.
March 01,
2017 Colombia: Coca-Cola Femsa generated sales of COP 2.47tn in 2016
Portafolio, 27 Feb 2017, online:-Mexican soft drinks company and Coca-Cola bottler Coca-Cola Femsa achieved consolidated revenues of
COP 2.47tn (EUR 809.48mn USD 854.82mn) in Colombia during 2016, up from COP 2.24tn recorded in 2015.
más »
Operaciones M&A y ECM - Transacciones EMIS DealWatch
VALOR DE
PAÍS COMPAÑÍA TIPO DE PARTICIPACIÓN
FECHA COMPRADOR VENDEDOR SECTORES TRANSACCIÓN
OBJETIVO OBJETIVO TRANSACCIÓN %
USD (MN)
Valores, Contratos
Embotelladora Roman de Productos
Industria
S.A., Embotelladora de Reestructuración Coca-Cola Básicos y Otras
Nacional de
31-oct-08 Colombia Santander S.A., dentro de un FEMSA SAB Actividades de N/D 100%
Gaseosas,
Inversiones Plugia S.A., holding de CV Inversión Financiera,
S.A (Indega)
Inversiones Noud S.A. Fabricación de Hielo
y Refrescos
Análisis de Crédito de EMIS - Resumen

Periodo Fiscal: 2022 Industria:
Empresas en Industrias: 80 Fabricación de Refrescos

condiciones.
Nota EMIS Benchmark Nota De Tendencia EMIS EMIS Cuota De Crédito
A Riesgo muy bajo B Riesgo bajo

226,854.52
Esta compañía tan solo es mejor Millones (COP)
P&L A
72,32
que el 72,32% de las compañias de
su sector, lo que equivale a A -
Riesgo muy bajo en la Escala de Balance General D Participación
Negocios. esperada en el Crédito 15%
Flujo de Caja B del Cliente
Ranking promedio: 23 en 80 compañías Comentarios: Comentarios:
EMIS Evaluación de Tendencia se calcula Cuota Recomendada de Crédito se calcula

CAPACIDADES DEBILIDADES
basada de los 2 últimos estados financieros basado en el promedio de la industria en el
RELATIVAS RELATIVAS anuales de las empresas pais, tipo de cliente (customizado) y la
evaluación financiera.
Ventas
Crecimiento de ventas
Análisis de Crédito de EMIS - Nota EMIS Financiera


condiciones.
Criterios Peso Evaluación Evaluación Final
I. Nota EMIS Benchmark 50% 1.50 A Riesgo muy bajo
TAMAÑO RANKING EVALUACIÓN CRECIMIENTO RANKING EVALUACIÓN
Ventas 1 100.00 Crecimiento en Ventas % 29 65.00
Activos 3 97.50 Crecimiento / Disminución en Activos 13 85.00
Utilidad 4 96.25 Crecimiento / Disminución en Utilidad Neta 7 92.50
Patrimonio 3 97.50 Crecimiento (Disminución) del Patrimonio 30 63.75
Promedio Tamaño 3 97.81 Promedio Crecimiento 20 76.56
RENTABILIDAD RANKING EVALUACIÓN ENDEUDAMIENTO RANKING EVALUACIÓN
Utilidad Neta / Ventas 43 47.50 Endeudamiento 42 48.75
Rentabilidad de Activos 40 51.25 Apalancamiento 42 48.75
Utilidad Neta / Patrimonio 39 52.50 Pasivo Total / Ventas 28 66.25
Promedio Rentabilidad 41 50.42 Promedio Endeudamiento 37 54.58
Nota EMIS Benchmark 72,32
II. Nota de Tendencia EMIS 50% 1.94 B Riesgo bajo
Rango de la Evaluación: 1 - Mejora, 2 - Mantiene (De acuerdo con el margen de tolerancia), 3 - Deteriora
100%
P&L 2022 TOTAL
Crecimiento de ventas 1 1
Utilidad Operativa / Ventas 1 1
Utilidad Neta/ ventas 1 1
Total P&L 1.00 1.00
A Riesgo muy bajo
BALANCE 2022 TOTAL
Rotación de Cobro 3 3
Rotación de Inventario 3 3
Ratio Corriente 2 2
Endeudamiento (Total ACTIVO/TOTAL PASIVO) 3 3
Pasivo Total / Ventas 3 3
Total Balance 2.82 2.82
D Riesgo Alto
FLUJO DE CAJA 2022 TOTAL
Caja de Ventas 1 1
Caja para Producir 3 3
Caja Para Operar 3 3
Generación Neta de Efectivo Operacional (NOCG) 1 1
flujo de caja libre 1 1
Flujo de caja después de gastos financieros 3 3
Flujo de caja después de financiero 1 1
Reducción de la deuda 2 2
Total Flujo de Caja 1.70 1.70
B Riesgo bajo
III. Nota EMIS Financiera 100% 1.72 B Riesgo bajo
Escala de Negocios
E D C B A
A - Riesgo muy bajo

B - Riesgo bajo
C - Riesgo promedio
D - Riesgo Alto
E - Riesgo muy alto
Análisis de Crédito de EMIS - Nota EMIS Benchmark

Nota EMIS Benchmark

(Versus la Industria)
72,32
TAMAÑO RANKING EVALUACIÓN CRECIMIENTO RANKING EVALUACIÓN
Ventas 1 100.00 Crecimiento en Ventas % 29 65.00
Activos 3 97.50 Crecimiento / Disminución en Activos 13 85.00
Utilidad 4 96.25 Crecimiento / Disminución en Utilidad Neta 7 92.50
Patrimonio 3 97.50 Crecimiento (Disminución) del Patrimonio 30 63.75
Promedio Tamaño 3 97.81 Promedio Crecimiento 20 76.56
RENTABILIDAD RANKING EVALUACIÓN ENDEUDAMIENTO RANKING EVALUACIÓN
Utilidad Neta / Ventas 43 47.50 Endeudamiento 42 48.75
Rentabilidad de Activos 40 51.25 Apalancamiento 42 48.75
Utilidad Neta / Patrimonio 39 52.50 Pasivo Total / Ventas 28 66.25
Promedio Rentabilidad 41 50.42 Promedio Endeudamiento 37 54.58
Ranking promedio 23
Análisis de Crédito de EMIS - EMIS Cuota de Crédito

Los parámetros fundamentales que afectan el valor de la cuota
EMIS Cuota de Crédito 226,854.52 Participación en crédito Evaluación Financiera
(Evaluación ajustada) Millones (COP)
15% B
INDICADORES DE EMPRESAS VALOR MULTIPLICADORES DE INDUSTRIA % MÁXIMO CRÉDITO CALCULADO
Activos 2,337,074.95 Proveedores / Activos 71.52% 1,671,383.85
Patrimonio 855,866.21 Proveedores / Patrimonio Neto 177.77% 1,521,474.50
Proveedores / Patrimonio Neto

Valor Neto Tangible 855,866.21 224.03% 1,847,788.70
Tangible
Ventas Netas 3,939,274.92 Proveedores / Ventas Netas 56.95% 1,847,788.70
Costo de venta 2,757,006.06 Proveedores / Costo de Ventas 85.63% 1,847,788.70
Utilidad Operativa 64,869.74 Proveedores / Beneficio Operativo 1,130.97% 733,657.21
Utilidad Neta 43,758.80 Proveedores / Beneficio Neto 2,560.12% 1,120,276.12
PROVEEDORES 1,231,859.14
Ventas Netas 3,939,274.92 Pasivos financieros / Ventas Netas 34.64% 1,364,431.30
Pasivos financieros / Activos

Activos 2,337,074.95 43.49% 1,016,485.49
financieros
PASIVOS FINANCIEROS 62,181.56
Ciclo de funcionamiento 59.84 Ciclo de funcionamiento 23,727.50% 1,817,135.04
Rotación de Proveedores 160.85 Rotación de Proveedores 30,827.95% 1,847,788.70
CRÉDITO PROMEDIO BASADO EN LA INDUSTRIA 1,512,363.48
Fuente: Base de Datos de Compañía de

EMIS
Cálculo de cuota de crédito:
CRÉDITO PROMEDIO
(BASADO EN EL SECTOR)
1,512,363.48 CRÉDITO CALCULADO
MILLONES (COP) (PROMEDIO X PARTICIPACIÓN)
=
X 226,854.52
PARTICIPACIÓN ESPERADA MILLONES (COP)
CUOTA DE CRÉDITO
(EN EL CRÉDITO DEL CLIENTE) (AJUSTADO POR PUNTUACIÓN)
15% =
X 226,854.52
MILLONES (COP)
EVALUACIÓN FINANCIERA AJUSTES DE CUOTAS
= 1
B
Evaluación Multiplicadores:
AJUSTES DE CUOTAS DE ACUERDO A LA EVALUACIÓN ESCALA

MULTIPLICADORES
FINAL FINANCIERA
Cuota Ampliada A 2
Cuota normal B 1
C 0.75
Cuota reducida
D 0.5
No Quota E 0
Análisis de Crédito de EMIS - EMIS Credit Analytics Assumptions
Escala de Evaluacion: Perfil de riesgo
Escala de Negocios Riesgo Medio

Escala de Negocio tiene 5 categorías de riesgo Medio riesgo - para empresas con riesgo estándar
A - Riesgo muy bajo

B - Riesgo bajo
C - Riesgo promedio
D - Riesgo Alto
E - Riesgo muy alto
PonderaciÓn Vertical Condiciones Financieras
P&l % Conditions Puntuación
Crecimiento De Ventas 12 Ingresos netos negativos /pérdidas/ C
Utilidad Operativa 12 Beneficio operativo negativo C
Utilidad Neta 12 Patrimonio neto negativo E
Total parcial 36 Generación de efectivo operativo negativo C
Flujo de caja libre negativo C

Balance
Flujo de caja negativo después de Gastos Financieros C
Rotación De Cobro 10
Rotación De Inventario 10
Ponderación Final
Ratio Corriente 8
Endeudamiento 8
Nota EMIS Benchmark 50%
Endeudamiento/ventas 8
Balance subtotal 44
Nota de Tendencia EMIS 50%
Flujo De Caja
Caja De Ventas 2
Caja De Produccion 2
Dinero En Efectivo Para Operaciones 2
Generación De Operativo Efectivo 5
Free Cash Flow 3
Flujo De Fondos Después De Costos Financieros 2
Flujo De Caja Después De Resultado Financiero 2
Reducción De La Deuda 2
Flujo de caja subtotal 20
Total Ponderacion Vertical 100%
Margen De Tolerancia 5%
Limitaciones de Responsabilidad
Whilst EMIS attempts at all times to ensure the accuracy and reliability of the information it provides, due to the vast quantity of processed data and the fact that
some of the third-party data cannot always be verified including information provided directly by the subject of the enquiry, EMIS does not guarantee the correctness
or the effective delivery of the information and shall not be held responsible for any errors or omissions therein.
The content and recommendations shall only be used as a reference in business decisions of EMIS clients and shall not be used for any other purposes. EMIS and
its affiliates shall not be held liable for any loss of the clients arising out of its own business decisions whether or not the making of such decision has been referred
to this content/recommendation.

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EMIS

12TH FLOOR 30 CROWN PLACE

Business Report Generated on 28 March 2024

INDUSTRIA NACIONAL DE GASEOSAS S.A.

Main Activities: Soft Drink Manufacturing

Clasificación de sectores por NAICS 3

Nota EMIS Financiera 3

Datos Financieros Claves 4

Gráficas de rendimiento financiero 5

Últimas transacciones M&A y ECM 5

Operaciones M&A y ECM 20

Análisis de Crédito de EMIS 21

Nota EMIS Financiera 21

Nota EMIS Benchmark 23

EMIS Cuota de Crédito 23

EMIS Credit Analytics Assumptions 25

Hoja Resumen de Compañía - Información de Contacto

Avenida Carrera 96 # 24C-94 Bogotá D.C.; Bogotá D.C; Colombia;

Nombre(s) anterior: Panamco Colombia S.A (2003) Mapa

Estado: No cotizada Teléfono: +57-60-1-401-1600

Forma Legal: S.A.

Estatus Operacional: Operacional

Hoja Resumen de Compañía - Clasificación de sectores por NAICS

Principales Actividades: Fabricación de Refrescos

Hoja Resumen de Compañía - Descripción de la compañía

Descripción de Compañías Productos Principales

Industria Nacional de Gaseosas S.A. es una subsidiaria de la Coca-Cola bebidas no alcohólicas

Hoja Resumen de Compañía - Información básica

Total de Empleados: 1,806 (2023)

Auditores Deloitte (2009)

Calificación : RUP Status: Inactive (13-mar-23) OFAC List / Lista

Hoja Resumen de Compañía - Nota EMIS Financiera

Nota EMIS Financiera

Hoja Resumen de Compañía - Principales Ejecutivos

Carlos Alfredo Gonzalez Gonzalez Representante Legal

Carol Paola Cortes Prieto Representante Legal

Claudia Alejandra Gil Garcia Representante Legal

Daniela Maria Lopez Cubides Representante Legal

Deisy Marcela Carvajal Olarte Representante Legal

Edith Johana Cerpa Salazar Representante Legal

Jairo Alberto Acuña Turbay Representante Legal

Lina Maria Sendoya Bejarano Representante Legal

Maria Alejandra Perez Rondon Representante Legal

Mariana Icaza Rode Representante Legal

Martha Beatriz Campo Castro Representante Legal

Monica Alejandra Cuestas Guzman Representante Legal

Natalia Andrea Ruiz Peñuela Representante Legal

Natalia Zapata Gil Representante Legal

Susana Susana Martinez Mendez Representante Legal

Antonio Diaz Caneja Guillen Miembro Suplente de la Junta Directiva

Guette Osorio Diana Carolina Representante Legal Suplente

Monica Beatriz Amaya Leon Representante Legal Suplente

Nelson Dario Colorado Cano Representante Legal Suplente

Ernst & Young Audit S.A.S Revisor Fiscal

Juan Camilo Villalobos Galindo Revisor Fiscal

Mariana Leonor Gomez Pinto Revisor Fiscal

Santiago Fonseca Jimenez Revisor Fiscal

Hoja Resumen de Compañía - Datos Financieros Claves

Total Ingreso Operativo 2,546,843,195 2,439,664,839 3,098,132,346 4,045,090,497

Ingresos netos por ventas 2,543,318,839 2,395,787,020 3,001,627,912 3,939,274,915

Utilidad bruta 787,108,741 778,528,781 899,173,144 1,182,268,851

Margen De Ganancia Bruta 30.95% 32.50% 29.96% 30.01%

Ganancia operativa (EBIT) -139,479,727 -48,551,699 26,046,155 64,869,739