Ownership and Influence - The Coca-Cola Company owns 14.65% of the Series A shares, representing 7.33% of total shares, significantly influencing the company's operations and financial results[33]. Bottler Agreements - The company relies on bottler agreements with The Coca-Cola Company, with key agreements expiring in January 2025 (Chile), October 2027 (Brazil), September 2027 (Argentina), and March 2028 (Paraguay)[37]. Market and Consumer Trends - Increased health concerns regarding sugar and sweeteners may lead to reduced demand for sugar-sweetened beverages, impacting profitability[42]. - The beverage business is highly competitive, with local and regional brands posing significant price competition, which could adversely affect net profits and margins[43]. - The company faces risks from potential changes in consumer preferences towards health and environmental sustainability, which could affect sales and market share[40]. Cost and Supply Chain Risks - Raw material costs, including concentrate, sweeteners, and packaging, are subject to volatility and may impact profitability if prices increase due to market conditions or currency fluctuations[44]. - Water scarcity and poor water quality are critical risks, as water is the main ingredient in products, and shortages could lead to increased production costs[48]. - Climate change may result in increased costs and operational disruptions due to extreme weather conditions and regulatory responses aimed at reducing greenhouse gas emissions[52]. - Instability in utility services and oil prices may adversely impact operational costs and overall financial performance[46]. Regulatory and Legal Challenges - The company must navigate complex regulations and potential legal challenges that could affect its operations and financial results[31]. - The company is subject to complex regulations that may increase operating costs and affect financial performance[77]. - New labeling and advertising restrictions in various countries may adversely impact product sales and operational results[55]. - Legal proceedings and investigations related to monopolistic practices could result in significant liabilities and reputational damage[82]. Environmental, Social, and Governance (ESG) Concerns - The company faces significant risks related to environmental, social, and governance (ESG) goals, which could harm its reputation and sales if not met[53]. - Investor advocacy groups are increasingly scrutinizing the company's ESG practices, potentially affecting investment decisions[54]. Operational and Strategic Risks - Maintaining brand image and product quality is crucial, as any defects or negative publicity could materially affect financial performance[56]. - The company is pursuing expansion strategies through acquisitions, but success is not guaranteed and may involve significant risks[59]. - Weather conditions and natural disasters could negatively impact consumer demand and distribution capabilities[62]. - The implementation of strategic business plans could be undermined by a failure to recruit or retain key personnel, impacting financial performance[88]. - The imposition of exchange controls could significantly limit the Company's financial capacity and ability to repatriate profits[90]. Economic Conditions and Currency Fluctuations - Geopolitical and economic risks, including trade tensions and inflation, could materially and adversely affect the Company's business and financial condition[92]. - The Brazilian GDP grew by 3.0% in 2022, 3.2% in 2023, and 3.5% in 2024[109]. - Inflation rates in Brazil were 5.8% in 2022, 4.6% in 2023, and 4.8% in 2024[113]. - During 2023, inflation in Chile decreased to 3.9% year-on-year in December, but increased to 4.5% by the end of 2024[104]. - The Chilean peso had an average value of 944 Ch$/US$ during 2024, reaching an average of 983 Ch$/US$ in December[102]. - The Company reports its results in Chilean pesos, which can be negatively affected by currency devaluation in countries where it operates[89]. - The Brazilian real appreciated 7% in both 2022 and 2023, but depreciated 28% in 2024 against the U.S. dollar[116]. - A significant portion of raw materials in Brazil is priced in U.S. dollars, making the depreciation of the Brazilian real adversely affect costs and margins[117]. - The Argentine peso has experienced significant fluctuations, impacting the ability of the government and companies to meet foreign currency obligations[145]. - The Argentine government's ability to obtain financing from international capital markets may be limited, potentially increasing borrowing costs and affecting economic growth[153]. - The informal foreign exchange market in Argentina has led to higher currency rates, impacting the company's ability to remit dividends abroad[152]. Taxation and Financial Liabilities - The Brazilian government approved a tax reform on consumption in late 2023 aimed at simplifying the tax system, which is currently considered one of the most complex globally[119]. - The tax reform will replace existing indirect taxes with three new taxes: the goods and services tax (IBS), the contribution on goods and services (CBS), and the excise tax (IS)[121]. - The company is involved in tax proceedings with Brazilian authorities, with potential liabilities totaling approximately R$3.51 billion related to value-added tax[130]. - The expiration of several tax incentives may negatively impact the company's profitability, with a gradual phase-out of ICMS tax incentives scheduled from January 2029 to December 2032[123]. Capital Expenditures and Investments - Total capital expenditures increased from Ch$173,675 million in 2022 to Ch$222,620 million in 2023, and are projected to reach Ch$302,519 million in 2024, primarily due to higher productive investments in Argentina and Brazil[220][221]. - In 2024, capital expenditures in Brazil are expected to rise significantly to Ch$115,079 million, up from Ch$54,082 million in 2023[220]. - Argentina's capital expenditures are projected to increase from Ch$44,729 million in 2023 to Ch$89,694 million in 2024[220]. Market Presence and Acquisitions - Argentina's operations represented 17.1% of the company's assets and 24.8% of net sales in 2024, highlighting the importance of the Argentine market[133]. - The company has maintained its position as the principal manufacturer of Coca-Cola products in Chile since 1946, despite no longer being the sole bottler[179]. - In 2012, the company completed a merger with Embotelladoras Coca-Cola Polar S.A., granting former shareholders of Polar a 19.68% ownership interest in the merged entity[183]. - The company acquired 100% ownership of Comercializadora Novaverde S.A. in October 2018, a company dedicated to the production and distribution of juices and ice cream[186]. - In August 2021, the company signed a distribution agreement with Viña Santa Rita for wine products, expanding its beverage portfolio[189]. - The company has entered into multiple distribution agreements, including with Monster Energy Company and Campari, to enhance its product offerings in Chile and Brazil[185][205]. - In September 2021, the company acquired 50% of the Therezópolis beer brands for R$35 million, further diversifying its beverage portfolio in Brazil[204]. - The company holds a 10.26% ownership interest in Leão Alimentos e Bebidas Ltda. after increasing its stake in August 2017[201]. - In 2016, Andina Brazil closed its Cariacica production facility, consolidating operations to two facilities in Rio de Janeiro and São Paulo[199]. - The company has restructured its juice and non-carbonated beverage business, incorporating other Coca-Cola bottlers as shareholders in Vital S.A.[181]. - The company has established a new entity, Re-Ciclar S.A., in August 2021 to produce recycled resin for the Coca-Cola system and third parties[190]. - EDASA's ownership interest in Alimentos de Soja S.A. has increased to 14.82% as of the date of the annual report[213]. - EDASA began distributing AdeS products in July 2017 and has been involved in the energy drinks market since February 2018 through a partnership with Monster Energy Company[214][218]. - A distribution agreement with Grupo Peñaflor S.A. was signed in June 2022, valid until June 2026, for alcoholic beverages in specific provinces[215]. - PARESA started distributing alcoholic beverages, mainly beers, in September 2023 under a Logistics and Sales Master Agreement with Cervepar S.A.[219]. - The Coca-Cola Company and its bottlers in Latin America completed the acquisition of the AdeS vegetable protein-based beverage business from Unilever in March 2017[217]. - PARESA has been operational since 1965 and became part of Grupo Coca-Cola Andina in 2012 following a merger[216].

Ownership and Influence - The Coca-Cola Company owns 14.65% of the Series A shares, representing 7.33% of total shares, significantly influencing the company's operations and financial results[36]. Bottler Agreements - The company relies on bottler agreements with The Coca-Cola Company, with agreements expiring in December 2024 (Chile), October 2027 (Brazil), September 2027 (Argentina), and March 2028 (Paraguay)[40]. Market Competition and Consumer Trends - The beverage market is highly competitive, with local and regional brands posing significant challenges, potentially affecting market share and financial performance[46]. - Increased health concerns regarding sugar and sweeteners may lead to reduced demand for beverages, impacting profitability[45]. - The company must adapt to evolving consumer preferences and environmental concerns to maintain market position and financial health[43]. Economic and Regulatory Risks - Raw material costs, particularly for concentrate, sweeteners, and packaging, are subject to volatility and may adversely affect profitability due to exchange rate fluctuations and inflation[47]. - Water scarcity and quality issues could increase production costs and limit capacity, impacting overall profitability[51]. - The company faces risks from energy price fluctuations, which could significantly affect operational costs and financial performance[49]. - Regulatory changes regarding water usage and ownership may lead to increased operational costs and affect production capabilities[53]. - The company is subject to complex regulations that may increase operating costs and affect financial performance[81]. - Environmental regulations may lead to increased operating costs and changes in consumer demand, particularly concerning plastic products[84]. - The company must comply with personal data protection laws, which could result in significant penalties for noncompliance and increased operational costs[76]. Financial Performance and Inflation - The company generated 24% and 28% of its net sales from Brazil in 2022 and 2023, respectively, and 26% and 18% from Argentina[94]. - As of December 31, 2022 and 2023, the company's operations in Chile represented 42.3% and 45.5% of its net sales, respectively[100]. - Inflation rates in Chile were 7.2% in 2021 and 12.8% in 2022, with a decrease to 3.9% year-on-year by December 2023[110]. - The Brazilian economy grew by 4.8% in 2021, 3.0% in 2022, and 2.9% in 2023[115]. - Brazilian annual inflation rates were 10.1% in 2021, 5.8% in 2022, and 4.6% in 2023[122]. - Argentina's inflation rates were 50.9% in 2021, 94.79% in 2022, and 211.4% in 2023[140]. Currency Fluctuations - A significant portion of the company's raw materials is priced in U.S. dollars, making it vulnerable to currency fluctuations[109]. - The company cannot predict the future fluctuations of the Brazilian real against the U.S. dollar, which may adversely affect its business[127]. - The Argentine peso depreciated by 22% in 2021, 72% in 2022, and 356% in 2023 against the U.S. dollar[148]. - The Brazilian real depreciated by 7% in 2021, appreciated by 7% in 2022, and appreciated by 8% in 2023 against the U.S. dollar[125]. Legal and Tax Risks - The company faces risks from potential adverse judgments in legal proceedings, which could significantly increase operational costs[86]. - The company is subject to judicial proceedings related to alleged monopolistic practices, which could impact its operations[87]. - The company faces a potential tax liability of approximately R$3.44 billion related to value-added tax proceedings[131]. - The company is involved in tax proceedings with a total amount of R$960 million concerning corporate income taxes[132]. - The Brazilian government approved a tax reform aimed at simplifying the tax system, which is considered one of the most complex in the world[128]. - The company has experienced a significant reduction in tax credits due to changes in the value-added tax on industrialized products since 2018[129]. Strategic Partnerships and Acquisitions - The company holds a 65% ownership stake in VJ S.A., which focuses on juices and non-carbonated beverages, following a restructuring in 2011[185]. - The merger with Embotelladoras Coca-Cola Polar S.A. in 2012 resulted in a 19.68% ownership interest for former Polar shareholders, enhancing the company's market presence in Chile and Paraguay[187]. - In 2018, the company completed the acquisition of 100% of Comercializadora Novaverde S.A., a producer of juices and ice cream, expanding its product portfolio[190]. - The company began distributing AdeS products in Chile in July 2017 after acquiring the vegetable protein-based beverage business from Unilever[189]. - In August 2021, the company and Embonor Empaques S.A. established Re-Ciclar S.A. to produce recycled resin, supporting sustainability initiatives[195]. - Andina Brazil acquired 50% of the Therezópolis beer brands for R$35 million in September 2021, diversifying its beverage offerings[209]. - The company signed a Master Agreement with Campari in April 2022 for exclusive distribution of Campari-branded beverages in Brazil until December 2026[210]. - In June 2022, Andina Argentina entered a distribution agreement with Grupo Peñaflor S.A. for alcoholic beverages, enhancing its market reach in specific provinces[218]. - The company has a 14.82% ownership interest in Alimentos de Soja S.A.U., reflecting its commitment to the plant-based beverage market[215]. - The company began distributing Monster Energy products in Argentina in February 2018, marking its entry into the energy drink category[217]. Capital Expenditures and Investments - Total capital expenditures for the company increased from Ch$141,952 million in 2021 to Ch$222,620 million in 2023, driven by new projects[223]. - PARESA's capital expenditures in Paraguay decreased from Ch$22,102 million in 2021 to Ch$16,495 million in 2023, reflecting a downward trend[223]. - In 2023, capital expenditures were primarily related to new projects in Argentina, indicating a focus on growth in that market[224]. - PARESA began distributing AdeS and Monster products in July 2017 and May 2019, respectively, expanding its product portfolio[220]. - In October 2022, PARESA signed a 5-year Logistics and Sales Master Agreement with Cervepar S.A. to distribute alcoholic beverages starting September 2023[222]. - The company incorporated Circular-PET S.A. in February 2021 to manufacture and commercialize post-consumer recycled PET resins[221]. Operational Challenges - Weather conditions and natural disasters could negatively impact consumer patterns and distribution capabilities, affecting sales[66]. - The company may experience adverse effects on sales and operations due to significant labeling or warning requirements imposed by countries where it operates[59]. - Maintaining brand image and product quality is crucial, as negative publicity or product defects could materially affect financial performance[60]. - The company may face challenges in successfully implementing expansion strategies and achieving operational efficiencies from acquisitions[63]. Environmental and Social Governance (ESG) - The company faces risks in achieving its environmental, social, and governance (ESG) goals, which could harm its reputation and sales if not met[56]. - Investor advocacy groups are increasingly focused on ESG matters, which may influence investment decisions regarding the company[57]. - Climate change and regulatory responses may adversely impact the company's operations and results, with potential increased costs due to compliance burdens from new SEC rules effective for fiscal year 2025[55].

Company Overview - Coca-Cola Andina was incorporated in 1946 and is the principal manufacturer of Coca-Cola products in Chile since then[90]. - In 2012, Coca-Cola Andina merged with Embotelladoras Coca-Cola Polar S.A., granting former Polar shareholders a 19.68% ownership interest in the merged entity[93]. - In 2018, Coca-Cola Andina completed the acquisition of 100% of Comercializadora Novaverde S.A., a company focused on juices and ice cream production[93]. - The company is the largest bottler of Coca-Cola trademark beverages in Chile and Argentina, and the third largest in Brazil[108]. Financial Performance - In 2022, the company achieved consolidated net sales of Ch$2,656,878 million and a total sales volume of 873.6 million unit cases of beverages[108]. - Net sales increased by 19.9% to Ch$2,656,878 million in 2022, compared to Ch$2,216,733 million in 2021[204]. - Gross profit margin improved to 38.7% in 2022 from 38.0% in 2021, with gross profit rising to Ch$1,028,177 million[204]. - Net income decreased by 18.2% to Ch$128,459 million in 2022, down from Ch$157,032 million in 2021, resulting in a net income margin of 4.8%[204]. Sales and Market Share - The soft drinks segment accounted for 64% of the company's consolidated net sales in 2022[108]. - In Chile, the company accounted for 36.6% of total volume and 42.3% of consolidated net sales in 2022[117]. - The average soft drink market share of the company within its franchise territories was 64.4% in 2022[137]. - The Argentine soft drink operations generated net sales of Ch$523,908 million in 2022, with the company selling products to approximately 68,000 clients in Argentina[127]. Capital Expenditures and Investments - Capital expenditures increased from Ch$141,952 million in 2021 to Ch$173,675 million in 2022, primarily due to new projects[101]. - The company plans to allocate US$250 million for capital expenditures in 2023, focusing on machinery and infrastructure improvements across various plants[105]. - The company is investing $200 million in new technology development to enhance production efficiency[5]. Product Distribution and Partnerships - In 2021, Coca-Cola Andina signed a distribution agreement for wine products with Viña Santa Rita, covering brands like Doña Paula and Santa Rita[95]. - In August 2020, Coca-Cola Andina signed an agreement with Cervecería Chile S.A. for the distribution of AB InBev brands in Chile[93]. - The company distributes a wide range of alcoholic beverages in Argentina, Brazil, and Chile, including beers, wines, and spirits[115]. Environmental and Sustainability Initiatives - The company has budgeted for improvements in water use efficiency and compliance with industrial water treatment regulations in Chile and Argentina[105]. - A new sustainability initiative aims to reduce carbon emissions by 30% over the next five years[8]. - The company maintains compliance with environmental standards across its operations in Brazil and Chile[176]. Executive Compensation - In 2022, fixed remuneration for Coca-Cola Andina's executive officers amounted to Ch$5,406 million, an increase from Ch$4,401 million in 2021[287]. - Performance bonuses for executive officers in 2022 totaled Ch$3,400 million, up from Ch$3,107 million in 2021[287]. - The aggregate compensation for all directors and executive officers in 2022 was Ch$10,366 million, with Ch$8,806 million allocated to executive officers[287]. Challenges and Competition - The company faced intense competition in its franchise territories, particularly from other soft drink brands, which may impact net profits and margins[137]. - Increased competition from low-price brands may limit the company's growth potential and negatively affect results[255]. Future Outlook - The company provided an optimistic outlook, projecting a revenue growth of 10-12% for the next fiscal year[3]. - The company aims to enhance its business by developing existing markets and penetrating new beverage markets, including alcoholic beverages[115].

Financial Performance - 65% and 61% of the company's net sales for 2020 and 2021, respectively, were derived from the distribution of soft drinks under The Coca-Cola Company trademarks[32]. - The company’s operations in Chile accounted for 38.0% and 44.0% of net sales in 2020 and 2021, respectively, highlighting dependence on the Chilean economy[102]. - The Argentine operations represented 18.8% and 24.2% of the company's net sales for 2020 and 2021, respectively[138]. - As of December 31, 2021, operations in Brazil represented 30.7% of the company's assets and 24.3% of net sales[121]. - Cash flows from operating activities in 2021 were Ch$305,055 million, an increase from Ch$278,769 million in 2020[507]. - Cash flows from investing activities decreased to Ch$198,253 million in 2021 from Ch$223,879 million in 2020[509]. - Financing activities generated a negative cash flow of Ch$115,320 million in 2021, a decrease of Ch$228,360 million compared to 2020[511]. - Total liabilities as of December 31, 2021, were Ch$1,844,693 million, representing a 14.1% increase compared to December 31, 2020[514]. - Current liabilities increased by Ch$151,511 million, or 40.1%, compared to December 2020[515]. - Non-current liabilities increased by Ch$76,678 million, or 6.2%, compared to December 2020[516]. Market and Economic Conditions - The beverage business environment is rapidly changing due to evolving consumer preferences and health concerns, which could negatively impact sales[39]. - The company faces significant risks from new labeling and warning requirements in countries like Chile and Argentina, which could adversely affect product sales and operational results[54]. - The ongoing COVID-19 pandemic has created economic uncertainty, potentially disrupting supply chains and sales channels, particularly in the restaurant and bar sectors[62][65]. - Civil unrest and political uncertainty in Chile may continue to adversely impact economic conditions and the company's operations[107]. - Economic conditions in Argentina are influenced by government policies, which have historically included high interest rates and capital controls[141]. - The Paraguayan GDP contracted by 1% in 2020 but grew by an estimated 5% in 2021, highlighting economic volatility[176]. Regulatory and Compliance Risks - The company is subject to complex regulations that may change, potentially increasing operating costs[34]. - The company is subject to personal data protection laws, and noncompliance could result in adverse publicity and financial penalties[73]. - The company is committed to compliance with anti-corruption laws, with risks of fines or penalties if violations occur[92]. - The company is subject to increasing environmental regulations, which may lead to higher operating costs and changes in consumer demand[81]. - In Chile, Law No. 21,368 mandates that disposable plastic bottles must contain at least 15% recycled plastic by 2025, increasing to 70% by 2060[82]. Currency and Inflation Risks - The company’s financial results could be negatively affected by currency devaluation in countries where it operates, as 34% of net sales were generated in Brazil in 2021[96]. - The Chilean peso depreciated by 19% in 2021 compared to the previous year's closing exchange rate against the U.S. dollar[113]. - The Argentine peso depreciated by 59%, 41%, and 22% in 2019, 2020, and 2021, respectively, against the U.S. dollar[154]. - Inflation rates in Chile were 3.0% in 2019, 3.0% in 2020, and 7.2% in 2021, with projections indicating similar levels for 2022[115]. - Inflation in Argentina was recorded at 50.9% in 2021, with the wholesale price index increasing by 51.3%[146]. Operational Challenges - The company faces risks from increased raw material costs, particularly due to U.S. dollar/local currency exchange risk and price volatility[43]. - Water scarcity and poor water quality could adversely impact production costs and capacity[46]. - The company relies on a stable supply of utilities and fuel, with fluctuations in oil prices potentially affecting operational costs[45]. - The company may experience challenges in renewing collective bargaining labor agreements, which could lead to work stoppages and impact operations[77]. - The company is investing in upgrading information technology systems to enhance data security and protect against cyber threats, which are evolving rapidly[70]. Strategic Initiatives - The company emphasizes the importance of maintaining brand image and product quality, as negative publicity could materially impact financial performance[55]. - The company is actively pursuing expansion strategies through acquisitions, but there are risks associated with identifying opportunities and achieving operational efficiencies[59]. - The company maintains insurance for various risks, but there is no assurance that coverage will be sufficient to cover potential losses[67]. - Future dividends will be determined based on earnings and financial condition, with a minimum distribution requirement of 30% of annual profits[495].

Cash Flow - Cash flows from operating activities in 2020 amounted to Ch$278,769 million, an increase of 9.2% compared to Ch$255,148 million in 2019[387]. - Cash flows from investing activities in 2020 were Ch$223,879 million, significantly higher than Ch$110,048 million in 2019, primarily due to increased purchases of short-term financial instruments[388]. - Financing activities generated a positive cash flow of Ch$113,041 million in 2020, an increase of Ch$240,153 million compared to 2019, mainly due to a new bond issuance[391]. Liabilities - Total liabilities as of December 31, 2020, were Ch$1,616,504 million, representing a 13.7% increase from the previous year[393]. - Current liabilities decreased by Ch$33,602 million, or 8.2%, compared to December 2019, mainly due to lower accounts payable[393]. - Non-current liabilities increased by Ch$228,062 million, or 22.6%, primarily due to the recognition of new bond liabilities[394]. - As of December 31, 2020, the Company's total contractual obligations amounted to Ch$1,149,823 million, including debt with financial institutions, bonds, lease obligations, and purchase obligations[427]. - The Company reported that as of December 31, 2020, total long-term liabilities amounted to Ch$63,706 million[429]. Credit and Compliance - As of December 31, 2020, the company had 23 unused short-term credit lines totaling Ch$150,107 million available[392]. - The company is in compliance with all its debt covenants as of December 31, 2020[394]. - The Company maintains a restriction that Net Consolidated Financial Liabilities shall not exceed Consolidated Equity by 1.20 times[413]. - The Company is required to maintain an indebtedness level where Net Consolidated Financial Liabilities do not exceed Consolidated Equity by 1.20 times[413]. Interest and Dividends - The weighted average interest rate for bond obligations was 3.7% in UF and 4.5% in US$[394]. - Chilean Corporate Law mandates a minimum distribution of 30% of profits as dividends, although future dividends are subject to board approval[384]. Financial Instruments and Risks - The Company undertook a partial repurchase of Senior Notes amounting to US$210 million, which was refinanced with the placement of Series F Local Bonds in the Chilean market[419]. - The Company issued US$300 million in corporate bonds due 2050 with an annual coupon rate of 3.950% for general corporate purposes, including potential acquisitions and improving liquidity[421]. - The Company has contracted derivatives (Cross Currency Swaps) to cover 100% of UF denominated financial obligations, redenominating them to Chilean pesos[411]. - The Company must maintain Consolidated Assets free of any pledge, mortgage, or other lien by an amount at least equal to 1.3 times the Issuer's unsecured consolidated current liabilities[414]. - The Company is subject to risks from potential price increases in principal raw materials, such as sugar and resin, which may affect results if costs cannot be passed on to consumers[423]. - The Company faces potential adverse effects from exchange rate fluctuations, particularly devaluations of local currencies against the U.S. dollar[424].

As filed with the Securities and Exchange Commission on April 29, 2020 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 Commission file number 001-13142 Embotelladora Andina S.A. Miraflores 9153, 7th Floor Renca - Santiago, Chile (Address of principal executive offices) Ignacio Morales, Tel. (56-2) 2338-0520 E-mail: ignacio.morales @koandina.com Mi ...

Table of Contents As filed with the Securities and Exchange Commission on April 25, 2019 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 Commission file number 001-13142 Embotelladora Andina S.A. | --- | --- | --- | |-------|------------------------------------------------------------------------|-------| | | (Exact name of Registrant as specified ...