Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Q4 2023 Earnings Call Transcript February 22, 2024 11:00 AM ET

Company Participants

Jorge Collazo - Head of Investor Relations

Ian Craig - Chief Executive Officer

Gerardo Cruz - Chief Financial Officer

Conference Call Participants

Felipe Ucros - Scotiabank

Álvaro García Banco - BTG

Fernando Olvera - Bank of America

Luis Willard - GBM

Camila Azevedo - UBS

Ulises Argote - JPMorgan

Operator

Hello, and welcome to Coca-Cola FEMSA's Fourth Quarter 2023 Earnings Conference Call. My name is Melissa, and I'll be your coordinator for today's event. Please note, this conference is being recorded. [Operator Instructions].

I'll now turn the call over to Jorge Collazo, Director of Investor Relations for Coca-Cola FEMSA. Please go ahead, sir.

Jorge Collazo

Good morning, everyone. Welcome to our conference call to review our fourth quarter and full year 2023 results. With me this morning 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 up the call to take your questions. We ask that in the interest of time, you make your most present question first, and then we enter the queue in case you have more than one question.

Before we proceed, I'd like to remind all participants to take note of our cautionary statement included in our earnings release. This conference call may include forward-looking statements and should be considered as good faith estimates made by the company. These forward-looking statements reflect management's expectations that 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 turn the call over to our CEO. Please go ahead, Ian.

Ian Craig

Thank you, Jorge. Good morning, everyone. We appreciate you joining us today. 2023 was an outstanding year for Coca-Cola FEMSA. We not only achieved positive results but also laid the foundation for our company's sustainable long-term growth model. As we have discussed in previous calls, we defined and implemented 6 strategic priorities that guide us to capture the many opportunities that are ahead of us. I am confident that we are making important progress across these pillars, from accelerating the growth of our core business to the rollout of our B2B platform, Juntos+.

We are also making significant progress regarding culture as we foster an empowered organization with the necessary customer centricity and the psychological safety that allows our teams to challenge the status quo while passionately serving our customers. During today's call, I will review our fourth quarter results and recap key highlights of the year across our operations. I will also provide you with a brief outlook of our initiatives for 2024, as we remain confident in our short and long-term positive momentum.