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• • Coca - Cola FEMSA Investor Relations KOF Jorge Collazo | jorge.collazo@kof.com.mx LISTED Lorena Martin lorena.martinl@kof.com.mx NYSE KOF Bryan Carlson bryan.carlson@kof.com.mx Marene Aranzabal | marene.aranzabal@kof.com.mx Coca - Cola FEMSA Announces Results for the Second Quarter and First Six Months of 2021 Mexico City , July 26 , 2021 , Coca - Cola FEMSA , S.A.B. de C.V. ( BMV : KOF UBL , NYSE : KOF ) ( " Coca - Cola FEMSA " , " KOF " or the " Company " ) , the largest Coca - Cola franchise bottler in the world by sales volume , announces results for the second quarter and the first six months of 2021 . SECOND QUARTER OPERATIONAL AND FINANCIAL HIGHLIGHTS Consolidated volumes increased 9.1 % as compared to the second quarter of 2020 and 1.3 % as compared to the same period of 2019. This increase was driven by volume growth across all of our territories as a result of solid execution , coupled with economic reopening and increased mobility across our markets . Total revenues increased 10.9 % , comparable revenues increased 19.2 % . This increase was driven mainly by volume growth , coupled with pricing initiatives and favorable price - mix effects . These effects were partially offset by unfavorable currency translation . Total revenues remained flat as compared to the same period of 2019 . Operating income increased 41.3 % , while comparable operating income increased 44.1 % . This increase was driven mainly by cost and expense efficiencies , coupled with favorable price - mix effects and raw material hedging initiatives . Additionally , we recognized a positive extraordinary effect of Ps . 1,083 million , driven by the resumption of the recognition of tax credits in Brazil related to the Manaus Free Trade Zone . These effects were partially offset by the normalization of certain operating expenses and unfavorable currency hedging positions . Operating income increased 14.4 % as compared to the same period of 2019 . . Majority net income increased 56.8 % , driven mainly by operating income growth , coupled with a decline in other non- operating expenses related to impairments of Ps . 903 million recognized during the same period of the previous year . Earnings per share¹ were Ps . 0.20 ( Earnings per unit were Ps . 1.58 and per ADS were Ps . 15.79 . ) . . FINANCIAL SUMMARY FOR THE SECOND QUARTER AND FIRST SIX MONTHS OF 2021 Change vs. same period of last year Total Revenues Gross Profit Operating Income 2Q 2021 YTD 2021 2Q 2021 YTD 2021 Consolidated 10.9 % 4.7 % 18.3 % 6.9 % 2Q 2021 41.3 % YTD 2021 21.1 % Majority Net Income 2Q 2021 YTD 2021 56.8 % 38.9 % As Reported Mexico & Central America South America 10.5 % 6.3 % 12.6 % 8.9 % 9.3 % 16.8 % 11.7 % 2.3 % 32.0 % 3.1 % 387.6 % 34.2 % Consolidated 19.2 % 12.2 % 26.1 % 13.7 % 44.1 % 26.9 % Comparable ( 2 ) Mexico & Central America 13.7 % 7.9 % 15.6 % 10.4 % South America 29.9 % 19.6 % 55.0 % 20.7 % 11.1 % 415.3 % 17.9 % 58.0 % John Santa Maria , Coca - Cola FEMSA's CEO , commented : " We are proud that our efforts to accelerate the recovery are reflected in solid second - quarter results and a solid cash flow generation . Our consolidated revenues increased 10.9 % , driven by our portfolio and execution initiatives , coupled with recovering mobility and improving price - mix trends . Notably , our Mexico and Central America division delivered double - digit top - line growth , while our South America division's outstanding volume performance was driven mainly by a solid growth in Brazil , coupled with recovering trends in Colombia , Argentina , and Uruguay . As a result , our consolidated volumes already exceed our 2019 baseline by 1.3 % . Importantly , as part of our resilient profile and disciplined approach , our favorable raw material hedging initiatives combined with cost and expense efficiencies , are enabling us to protect our profitability , while successfully navigating still volatile environments . As we enter the second half of the year , we are confident that we are taking the right strategic actions to continue building an unparalleled commercial beverage platform that is digitally integrated in order to carry on capturing opportunities to grow profitability . Moreover , we continue ensuring that our employees , clients and consumers remain at the center of every decision and action we take . By delivering on our objectives , we are confident that we will continue to deliver sustainable value for all of our stakeholders for many years to come . " ( 1 ) Quarterly earnings / outstanding shares . Earnings per share ( EPS ) were calculated using 16,806.7 million shares outstanding . For the convenience of the reader , as a KOFUBL Unit is comprised of 8 shares ( 3 Series B shares and 5 Series L shares ) , earnings per unit are equal to EPS multiplied by 8. Each ADS represents 10 KOFUBL Units . ( 2 ) Please refer to page 9 for our definition of " comparable " and a description of the factors affecting the comparability of our financial and operating performance . Coca - Cola FEMSA Reports 2Q21 Results July 26 , 2021 Page 1 of 16