2017 Second Quarter and First Six Months Results

MEXICO CITY, MEXICO--(Marketwired - Jul 24, 2017) - Coca-Cola FEMSA, S.A.B. de C.V. (BMV: KOFL) (NYSE: KOF) ("Coca-Cola FEMSA" or the "Company"), the largest franchise bottler in the world by sales volume, announces results for the second quarter of 2017.

Operational and Financial Highlights

• Revenues grew 25.5%, while comparable revenues grew 1.9% for the second quarter of 2017.
• Operating income grew 8.1%, while comparable operating income remained flat during the second quarter of 2017.
• Operating cash flow increased 20.7%, while comparable operating cash flow grew 1.3% for the second quarter of 2017.
• Majority net income increased 11.4% in the second quarter of 2017.

Results Summary

	Second Quarter				Year to Date
	as Reported			Comparable (1)	as Reported			Comparable (1)
	2017		D%	D%	2017		D%	D%
Total revenues	50,108		25.5%	1.9%	99,849		30.3%	2.3%
Gross profit	22,825		23.8%	3.8%	44,674		26.9%	4.2%
Operating income	6,491		8.1%	0.0%	12,775		17.5%	3.4%
Operating cash flow (2)	9,770		20.7%	1.3%	19,000		26.3%	2.6%
Net income attributable to equity holders of the company	2,229		11.4%		8,413		91.6%
Earnings per share (3)	1.07				4.04
Expressed in millions of Mexican pesos.

(1)	Comparable means, with respect to a year-over-year comparison, the change in a given measure excluding the effects of (i) mergers, acquisitions and divestitures, (ii) translation effects resulting from exchange rate movements (iii) the results of hyperinflationary economies in both periods, and (iv) includes the results of Coca-Cola FEMSA Philippines Inc., as if the consolidation had taken place at the beginning of first quarter 2016. From our operations, only Venezuela qualifies as a hyperinflationary economy.
(2)	Operating cash flow = operating income + depreciation + amortization & other operative non-cash charges.
(3)	2Q EPS calculated with 2,090.4 million shares, the weighted average of the Company's outstanding shares over the period. YTD EPS calculated with 2,081.7 million shares, the weighted average of the Company's outstanding shares over the period. At the end of June 2017, total outstanding shares were 2,100.8 million shares.

Message from the Chief Executive Officer