VALUE CREATION HIGHLIGHTS

Economic value

  Millions
of dollars
         
Millions of pesos 2021 1 2021 2020 Change 2019 Change
Total revenues 27,116 556,261 492,966 12.8% 506,711 (2.7%)
Income from operations 2 2,535 51,993 41,503 25.3% 47,152 (12.0%)
Operating margin   9.3% 8.4%   9.3%  
Consolidated net income 1,836 37,678 3,756 N.S. 28,048 (86.6%)
Controlling interest net income 3 1,388 28,495 (1,930) N.S. 20,699 (109.3%)
Controlling interest earnings per BD unit 4 0.4 8.0 (0.5) N.S. 5.8 (108.6%)
Controlling interest earnings per ADS 5 3.9 79.6 (5.4) N.S. 57.8 (109.3%)
EBITDA 4,018 82,422 71,973 14.5% 75,440 (4.6%)
EBITDA margin   14.8% 14.6%   14.9%  
Total assets 35,951 737,500 684,848 7.7% 637,541 7.4%
Total liabilities 19,615 402,383 377,661 6.5% 311,790 21.1%
Total equity 16,336 335,117 307,187 9.1% 325,751 (5.7%)
Capital expenditures 1,173 24,055 20,893 15.1% 25,579 (18.3%)
Total cash and cash equivalents 6 4,748 97,407 107,624 (9.5%) 65,562 64.2%
Short-term debt 227 4,640 8,801 (47.3%) 16,204 (45.7%)
Long-term debt 9,064 185,945 179,864 3.4% 101,747 76.8%
Headcount 7   320,808 320,618 0.1% 314,656 1.9%
  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. 20.5140 per US$ 1.00 as of December 30, 2021.
  2. Company’s key performance indicator.
  3. Represent the net income that is assigned to the controling 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 foreing-based company available for purchase on an 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 FEMSA Negocios Estratégicos and others.
Total Revenues
Ps. 556,261
Income from Operations1
Ps. 51,993
EBITDA2
Ps. 82,422
Total Assets
Ps. 737,500

Millions of Mexican pesos

Coca-Cola FEMSA
FEMSA Comercio:
Proximity Division
Fuel Division
Health Division
Logistics and Distribution
Others*
   
   
1. Company’s key performance indicator.
2. EBITDA defined as Income from operations plus depreciation, amortization and other non-cash items.
* Includes FEMSA Negocios Estratégicos.
Others include intercompany operations.