Company: AKO-B
Filing Date: 2025-09-29
Form Type: 6-K
Source: 0001104659-25-094135
Chunk: 19

Company: ANDINA BOTTLING CO INC
Filing Date: 2025-09-29
Form: 6-K
Chunk 19
---
 |

The financial projections to determine the net present value of future cash flows of the CGUs are modeled based on the main historical variables and the respective approved budgets for each CGU. In this regard, a conservative growth rate is used, taking into account the differences that exist in categories with high growth such as carbonated beverages, categories with medium growth such as waters and juices, and categories that have lower margins such as alcohols. Additionally, the valuation model considers projections over 5 years based on perpetuity growth rates per operation, which follow a real growth according to long-term population growth expectations. In this sense, the variables with greatest sensitivity in these projections are the discount rates applied in the determination of the net present value of projected cash flows, growth perpetuities and EBITDA margins considered in each CGU.

<div align='center'>15</div>

In order to sensitize the impairment test, variations were made to the main variables used in the model. Ranges used for each of the modified variables are:

| - | Discount                                                                               
 Rate: Increase / Decrease of up to 200 bps as a value in the rate at which future cash 
 flows are discounted to bring them to present value                                    |

| - | Perpetuity:                                                                                 
 Increase / Decrease of up to 25 bps in the rate to calculate the perpetual growth of future 
 cash flows                                                                                  |

| - | EBITDA                                                                                  
 margin: Increase / Decrease of 150 bps of EBITDA margin of operations, which is applied 
 per year for the projected periods, that is, for the years 2025-2029                    |

After modeling and valuing the different CGUs as a result of the tests performed as of December 31, 2024, no impairment was identified in any of the CGUs listed above, assuming conservative projections aligned with the history of the current markets. Thus, the impairment test yielded recovery values higher than the book values of assets, including those for the sensitivity calculations in the stress test conducted on the model for the 3 previously mentioned variables.

It should be noted that even though no signs of impairment were identified for the SGUs described above, in the annual review of intangible assets with indefinite useful lives, it was identified that for the Guallarauco brand, specifically in the investment in Novaverde, the recoverable amount was CLP 2,921 million below the carrying amount recorded in the financial statements, which was reduced from its carrying amount as of December 31