Equatorial Coca-Cola Bottling Company

Annual Report 2017

20 YEARS, THANKS TO YOU

I am pleased to present to you our annual report for the 2017 financial year; it shows that this entrepreneurial spirit is still alive at ECCBC. It has been a year in which we implemented a strategic shift in response to major affordability challenges in our markets. This shift will reinforce our leadership and will help to deliver growth in consumer recruitment and transactions, by making our offering more accessible and affordable. What I am excited by is that, under pressure, Equatorial Coca-Cola is becoming more, not less ambitious.

I want to thank the Board of Directors, ECCBC's management and all our employees and partners for their commitment and dedication. Thank you for working every year to make an ECCBC that is better; more resilient to difficulties, better able to listen to stakeholders and more open to changing and adapting itself to better serve customers and consumers.

Alfonso Líbano Daurella Chairman

The company's performance between 2014 and 2016 was largely defined by the economic slowdown taking place across most African markets but we have seen very positive initial signs coming from our 2017 strategic shift. The increased affordability of our offer, and the subsequent growth of transactions, has increased the extent and frequency of our interactions with consumers and, implicitly, our relevance in their daily lives. This, coupled with the increased efficiencies necessary to match smaller margins, will ensure and reinforce our leadership in the region today and in the future; putting us in the ideal position to continue creating superior value for all of our stakeholders.

I would like to thank our experienced Board of Directors, senior leadership team and all collaborators in ECCBC for the support. It is their daily efforts that make all this possible.

Alfonso Bosch Chief Executive Officer

Our history, our present

We're a bottling partner of The Coca-Cola Company across North and West Africa, where our teams produce, commercialize and distribute the world's most-loved brands and a wide choice of high-quality beverages.

13

OPERATIONS IN COUNTRIES

4,868

EMPLOYEES

43

PRODUCTION LINES

1420

MILLIONS OF TRANSACTIONS

Our project in Africa started in 1989 with a concession from The Coca-Cola Company to operate in Equatorial Guinea. The resulting venture was later joined by Guinea Conakry, Mauritania, Cape Verde, Guinea Bissau and The Gambia.

Equatorial Coca-Cola Bottling Company (ECCBC) was created in 1997 to combine the operations of all these countries and serve as platform for future growth. In the last two decades we have expanded our operations to new territories in Africa, such as Ghana, Morocco and Algeria; and today ECCBC bottles and distributes the Coca-Cola Company's portfolio in 13 African countries, reaching over 100 million consumers, serving more than 200,000 points of sale and achieving 1.3 billion transactions per year.

Passion

We share the hopes and aspirations of our communities and we believe in what we do. We have fun at work and we are passionate about refreshment, consumers, customers and people.

Excellence

Whilst our production, quality and execution are consistently excellent, we can adjust to the challenges of our markets with speed and agility.

Accountability

We are accountable and transparent in all things we do. As responsible members of our communities, we think globally and act locally.

A winning team

We are more than the sum of our parts through trust, collaboration and dedication. We don’t just work hard, we work smart.

Diversity

As a leading company in Africa with roots in a family business, we understand the tough realities of the countries where we operate and respect both their diversity and their heritage.

Sustainability

We work together in harmony with our communities in order to preserve the natural environment for future generations.

What we do

Global Analysis
of our Markets

Coca-Cola
Others

Market Shares 2017

MOROCCO
ALGERIA
GHANA
WEST AFRICAN COUNTRIES

What we do

Sales by product Type

in Millions of Transactions

SOFT DRINKS
1,311 (92,3%)
ENERGY DRINKS
15 (1.1%)
JUICE
44 (3.1%)
MALT
6 (0.4%)
WATER
22 (1.5%)
OTHER
3 (0.2%)
BEER
19 (1.4%)
TOTAL
1,420

Sustainability actions

At Equatorial Coca-Cola we have a long history of partnering with our communities to create long-term value for our shared future. We know the importance that our local communities have for our business. When they thrive, so do we.

This partnership has only grown deeper with time and brought in more stakeholders to our cause. Whenever we can, we partner with governments and NGOs to leverage all the key capabilities and resources available to ensure that our projects create the most community value possible.

At Equatorial Coca-Cola, we are both proud of the work we are doing and aware that there is still much more work to do.
We hope that this report will encourage other businesses, organisations and individuals to join hands in partnership with us as we continue on this journey to a brighter future.

SDG ALIGNED SUSTAINABILITY STRATEGY

Equatorial Coca-Cola has endeavoured to contribute to the achievement of a number of the United Nations' SDGs in 2017

In addition to leading the partnerships sought by SDG 17, our strengths have led us to focus on increasing the accessibility of clean water (SDG 6), improving health (SDG 3), empowering our communities - especially women - (SDG 4,5,10), and caring for our environment (SDG 13, 14, 15).

Following the Coca-Cola Company's recent announcement of the World Without Waste program, recycling will now be the top priority in our sustainability strategy as we partner with them to fulfil its commitments.

SDG ALIGNED SUSTAINABILITY STRATEGY

Water


Millions of people across the world lack access to safe drinking water and sanitation infrastructure.

SDG ALIGNED SUSTAINABILITY STRATEGY

Health


Health is a key concern for everyone, but in many of our countries the lack of access to lifesaving treatments make this concern more acute.

SDG ALIGNED SUSTAINABILITY STRATEGY

Empowerment


We are committed to equipping the members of our communities with the tools needed to achieve their potential, and to breaking down some of the barriers to their success.

SDG ALIGNED SUSTAINABILITY STRATEGY

Environment


We provide material and logistical support to guarantee the sustainable development of people and communities.

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