Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Q3 2023 Earnings Conference Call October 25, 2023 2:00 PM ET

Company Participants

Jorge Collazo - Director, IR

Ian Craig - Chief Executive Officer

Gerardo Cruz - Chief Financial Officer

Conference Call Participants

Thiago Bortoluci - Goldman Sachs

Ben Theurer - Barclays

Ulises Argote - JP Morgan

Luis Willard - GBM

Ricardo Alves - Morgan Stanley

Alan Alanis - Santander

Alvaro Garcia - BTG Pactual

Carlos Laboy - HSBC

Rodrigo Alcantara - UBS

Operator

Hello and welcome to Coca-Cola FEMSA Third Quarter 2023 Conference Call. My name is Melissa and I will be your coordinator for today’s event. Please note, this conference is being recorded, and for the duration of the call your lines will be in a listen-only mode. However, you will have the opportunity to ask questions at the end of the presentation. [Operator Instructions]

I’ll now turn the call over to your host, Jorge Collazo, Coca-Cola FEMSA Investor Relations Director. Please go ahead.

Jorge Collazo

Thank you and good afternoon, everyone. Welcome to our conference call to review our third quarter 2023 results. With me today is Ian Craig, our Chief Executive Officer; Gerardo Cruz, our Chief Financial Officer; and the rest of the Investor Relations team. After prepared remarks, we will open the call up to take your questions.

Just one more comment before we begin. Please take note of our cautionary statement. This conference call may include forward-looking statements concerning Coca-Cola FEMSA’s future performance, and should be considered as good faith estimates made by the company. These forward-looking statements reflect management’s expectations and are based upon currently available data. Actual results are subject to future events and uncertainties that can materially impact the company’s performance.

With that, let me hand the call over to our CEO. Please go ahead, Ian.

Ian Craig

Thank you, Jorge. Good afternoon, everyone. Let me begin by saying that we are pleased with our third quarter results. We’ve had a solid quarter delivering double-digit growth in our volume, revenue, operating income and earnings per share. This performance signal to us that we are on the right path with our strategy. We’re implementing initiatives across our markets to grow our core business and taking important steps to become our customers’ preferred commercial platform, the Juntos+. We’re also making progress in expanding our customer base as we continue investing to debottleneck our infrastructure and better serve our customers, supporting our long-term growth.