Value Creation Highlights

FEMSA’s mission is to create economic and social value through business enterprises and institutions. This includes consistently attracting and meeting consumer demand, generating financial returns for our shareholders and promoting higher social growth.

Economic Value

Our 2017 financial results reflect the economic value we continue to create in the countries where FEMSA operates.

Millions of pesos 2017(1) 2017 2016 %Change 2015 %Change
Total revenues 23,445 460,456 399,507 15.3% 311,589 28.2%
Income from operations (2) 2,110 41,439 37,427 10.7% 33,735 10.9%
Operating margin   9.0% 9.4%   10.8%  
Consolidated net income 1,895 37,206 27,175 36.9% 23,276 16.8%
Controlling interest net income (3) 2,160 42,408 21,140 100.6% 17,683 19.5%
Controlling interest earnings per BD unit (4) 0.6 11.9 5.9 101.7% 4.9 20.4%
Controlling interest earnings per ADS (5) 6.0 118.5 59.1 100.5% 49.4 19.6%
EBITDA 3,127 61,418 54,987 11.7% 46,626 17.9%
EBITDA margin   13.3% 13.8%   15.0%  
Total assets 29,967 588,541 545,623 7.9% 409,332 33.3%
Total liabilities 12,812 251,629 259,453 -3.0% 167,476 54.9%
Total equity 17,155 336,912 286,170 17.7% 241,856 18.3%
Capital expenditures 1,282 25,180 22,155 13.7% 18,885 17.3%
Total cash and cash equivalents (6) 4,936 96,944 43,637 122.2% 29,396 48.4%
Short-term debt 692 13,590 7,281 86.7% 5,895 23.5%
Long-term debt 5,996 117,758 131,967 -10.8% 85,969 53.5%
Headcount (7)   295,027 266,144 10.9% 246,158 8.1%
  1. U.S. dollar figures are converted from Mexican pesos using the noon-buying rate published by U.S. Federal Reserve Board, which was Ps. 19.6395 per US$1.00 as of December 29, 2017.
  2. Company’s key performance indicator.
  3. Represents the net income that is assigned to the controlling shareholders of the entity.
  4. “BD” units each of which represents one series “B” share, two series “D-B” shares and two series “D-L” shares. Data based on outstanding 2,161,177,770 BD units and 1,417,048,500 B units.
  5. American Depositary Shares, a U.S. dollar-denominated equity share of a foreign-based company available for purchase on the American Stock Exchange.
  6. Cash consists of non-interest bearing bank deposits and cash equivalents consist principally of short-term bank deposits and fixed rate investments.
  7. Includes headcount from Coca-Cola FEMSA, FEMSA Comercio and Other Businesses of FEMSA.
 
 
 

FEMSA consolidated

Total Revenues
by Business Unit
millions of Mexican pesos

Coca-Cola FEMSA 43%
     
  FEMSA Comercio:  
Retail Division 32%
Health Division 10%
Fuel Division 8%
     
Others* 7%

Total Assets
by Business Unit
millions of Mexican pesos

Coca-Cola FEMSA 46%
     
  FEMSA Comercio:  
Retail Division 11%
Health Division 6%
Fuel Division 1%
     
Others* 36%

Income from Operations
by Business Unit 1
millions of Mexican pesos

Coca-Cola FEMSA 63%
     
  FEMSA Comercio:  
Retail Division 30%
Health Division 4%
Fuel Division 1%
     
Others* 2%

EBITDA 2
by Business Unit
millions of Mexican pesos

Coca-Cola FEMSA 64%
     
  FEMSA Comercio:  
Retail Division 28%
Health Division 4%
Fuel Division 1%
     
Others* 3%

  1. * Includes FEMSA Strategic Businesses
  2. 1. Company’s key performance indicator.
  3. 2. EBITDA equals to Income from operations plus depreciation, amortization and other non-cash items.
 
 
 
 
FEMSA is driven by a corporate philosophy characterized by identifying and satisfying consumer demands, generating income for our shareholders, expanding social development and minimizing our environmental impact.
Our integrated Annual Report 2017, reflects our solid corporate governance and transparency.
 

FEMSA Comercio

■ Retail Division

■ Health Division

■ Fuel Division

Headcount
thousands

Total Revenues
billions of Mexican pesos

Income from Operations1
billions of Mexican pesos

EBITDA2
billions of Mexican pesos

Total Assets
billions of Mexican pesos

 
 

Headcount
thousands

Total Revenues
billions of Mexican pesos

Income from Operations1
billions of Mexican pesos

EBITDA2
billions of Mexican pesos

Total Assets
billions of Mexican pesos

 
 

Headcount
thousands

Total Revenues
billions of Mexican pesos

Income from Operations1
billions of Mexican pesos

EBITDA2
billions of Mexican pesos

Total Assets
billions of Mexican pesos

 
 

Coca-Cola FEMSA

Headcount*
thousands

Total Revenues
billions of Mexican pesos

Income from Operations1
billions of Mexican pesos

EBITDA2
billions of Mexican pesos

Total Assets
billions of Mexican pesos

  1. *  As of 2017, it includes Coca-Cola FEMSA Philippines.
  2. 1. Company’s key performance indicator.
  3. 2. EBITDA equals to Income from operations plus depreciation, amortization and other non-cash items.
 
 
 

Social Value

We create value for our stakeholders not only through successful economic performance, but also by generating the social, environmental and economic conditions necessary to operate today and to grow sustainably over time. In 2017, we continued to more fully integrate sustainability into our business strategy.

  2017 2016 2015
Average hours of training per employee 33.92 25.60 26.60
Accident Index 1 2.10 2.13 3.94
Organizational Climate Result 2 80.80 81.50 81.40
Energy Intensity
(Gigajoules / Total Revenues in Ps. million)		 41.26 40.46 53.01
Greenhouse gas emissions intensity
(Tons of equivalent CO2 / Total Revenues in Ps. million)		 3.36 3.59 5.33
Water efficiency
(liters of water used per liter of beverage produced)		 1.65 1.72 1.79
Economic spill to the community 3 Ps. 253.2 billion
US$ 12.8 billion		 Ps. 258.2 billion
US$ 12.5 billion		 Ps. 184.4 billion
US$ 10.7 billion
Percentage of procurement budget on local suppliers 4 87% 82% 85%
Direct beneficiaries of FEMSA Foundation programs 5 1,248,123 1,124,319 631,250
 
  1. Number of incidents per 100 employees, based on the number of FEMSA direct employees reported to the Occupational Health and Safety Administration System. Includes information on all countries.
  2. According to FEMSA’s Organizational Climate Diagnostic.
  3. Includes human resources remuneration, provider payments, public administration sector remuneration, external donations and donations to the community.
  4. Local suppliers are defined as suppliers from the country where the purchase is made.
  5. The number of direct beneficiaries is accumulated.