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SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of July 2015

FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V.

(Exact name of Registrant as specified in its charter)

Mexican Economic Development, Inc.

(Translation of Registrant’s name into English)

United Mexican States

(Jurisdiction of incorporation or organization)

General Anaya No. 601 Pte.
Colonia Bella Vista
Monterrey, Nuevo León 64410
México

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F x Form 40-F ¨

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): _______

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): _______

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes ¨ No x

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-_____________

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf of the undersigned, thereunto duly authorized.

FOMENTO ECONÓMICO MEXICANO, S.A. DE C.V.

	By:	/s/ Daniel Rodríguez Cofré
		Daniel Rodríguez Cofré
		Chief Financial Officer

Date: July 23, 2015

Exhibit 99.1

FEMSA Announces Second Quarter 2015 Results

Monterrey, Mexico, July 23, 2015 — Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) announced today its operational and financial results for the second quarter of 2015.

Second Quarter 2015 Highlights:

FEMSA consolidated total revenues increased 5.9% and income from operations grew 4.7% compared to the second quarter of 2014, driven by solid growth at FEMSA Comercio. On an organic basis¹ total revenues decreased 1.2% and income from operations grew 4.4%.

FEMSA Comercio achieved total revenues growth of 31.4% and income from operations growth of 21.3% compared to the second quarter of 2014, reflecting the incorporation of OXXO Gas operations and 5.3% growth in same-store sales. On an organic basis¹total revenues and income from operations grew 13.5% and 20.9%, respectively.

Coca-Cola FEMSA total revenues decreased 11.8% and income from operations decreased 2.0% compared to the second quarter of 2014, reflecting the negative translation effect from the Venezuelan operation as well as the devaluation of the Brazilian real and the Colombian peso. On a currency neutral basis and excluding Venezuela, total revenues and income from operations grew 8.3% and 18.8%, respectively.

Carlos Salazar Lomelín, FEMSA’s CEO, commented: “Looking at our second quarter results, there are many reasons to be optimistic. At FEMSA Comercio, the trend of same-store sales for OXXO continues to improve gradually, and it increasingly reflects a better mix of ticket and traffic. And we continue to grow at healthy rates across formats, including drugstores where we closed our acquisition of Farmacon during the quarter, and gasoline stations where we are making progress according to plan. At Coca-Cola FEMSA, we continue to face challenging environments in several key markets. However, once you look beyond the extreme volatility of exchange rates, particularly in Venezuela and to a lesser extent in Colombia and Brazil, you find healthy operating dynamics in several of our markets, starting with Mexico where we are able to implement positive pricing and capture solid margin expansion, and continuing to most of our territories where we are achieving market share gains as we focus on generating incremental transactions and on optimizing our portfolio strategy.”

¹ Excludes non-comparable results from gasoline operations and acquisitions at FEMSA Comercio in the last twelve months.

FEMSA Consolidated

Total revenues increased 5.9% compared to 2Q14 to Ps. 75.120 billion in 2Q15, driven by FEMSA Comercio. On an organic basis¹ total revenues decreased 1.2% compared to 2Q14.

For the first half of 2015, consolidated total revenues increased 2.9% compared to the same period in 2014 to Ps. 140.443 billion, driven by FEMSA Comercio. On an organic basis¹, total revenues for the first half of 2015 decreased 2.0% compared to the same period in 2014.

Gross profit decreased 1.2% compared to 2Q14 to Ps. 29.398 billion in 2Q15. Gross margin decreased 280 basis points compared to the same period in 2014 to 39.1% of total revenues, reflecting a gross margin contraction at FEMSA Comercio driven by the incorporation of OXXO Gas operations, which have a lower gross margin than FEMSA Comercio’s other operations.

For the first half of 2015, gross profit decreased 3.1% compared to the same period in 2014 to Ps. 55.148 billion. Gross margin decreased 240 basis points compared to the same period in 2014 to 39.3% of total revenues reflecting a gross margin contraction at FEMSA Comercio driven by the incorporation of OXXO Gas operations, which have a lower gross margin than FEMSA Comercio’s other operations.

Income from operations increased 4.7% compared to 2Q14 to Ps. 8.325 billion in 2Q15. On an organic basis¹ income from operations increased 4.4% compared to the same period in 2014. Consolidated operating margin decreased 10 basis points compared to 2Q14, to 11.1% of total revenues in 2Q15, driven by margin contraction at FEMSA Comercio.

For the first half of 2015, income from operations increased 1.0% compared to the same period in 2014 to Ps. 14.196 billion. On an organicbasis¹, income from operations decreased 2.4%. Our consolidated operating margin year-to-date decreased 20 basis points to 10.1% as a percentage of total revenues as compared to the same period of 2014.

Our effective income tax rate was 33.6% in 2Q15 compared to 37.3% in 2Q14 in line with our expected medium-term range of low 30s.

Net consolidated income increased 18.7% compared to 2Q14 to Ps. 5.296 billion in 2Q15, reflecting lower financing expenses and an increase in FEMSA’s reported 20% participation in Heineken’s results. As is customary, for 2Q15 we are using Heineken’s 1Q15 net income figure, however we are making an adjustment to exclude the extraordinary gain from the sale of their packaging business in Mexico that was booked in 1Q15.

For the first half of 2015, net consolidated income increased 15.9% to Ps. 9.649 billion compared to the same period of 2014, mainly driven by an increase in FEMSA’s reported 20% participation in Heineken’s results, and to a lesser extent by lower financing expenses.

Net majority income for 2Q15 was Ps. 1.08 per FEMSA Unit². Net majority income per FEMSA ADS was US$ 0.69 for the second quarter of 2015. For the first half of 2015, net majority income per FEMSA Unit¹was Ps. 1.96 (US$ 1.25 per ADS).

Excludes non-comparable results from gasoline operations and acquisitions at FEMSA Comercio in the last twelve months.

FEMSA Units consist of FEMSA BD Units and FEMSA B Units. Each FEMSA BD Unit is comprised of one Series B Share, two Series D-B Shares and two Series D-L Shares. Each FEMSA B Unit is comprised of five Series B Shares. The number of FEMSA Units outstanding as of June 30, 2015 was 3,578,226,270, equivalent to the total number of FEMSA Shares outstanding as of the same date, divided by 5.

July 23, 2015

Capital expenditures amounted to Ps. 3.701 billion in 2Q15, reflecting lower investments at Coca-Cola FEMSA.

Our consolidated balance sheet as of June 30, 2015 recorded a cash balance of Ps. 36.676 billion (US$ 2.338 billion), an increase of Ps. 1.035 billion (US$ 66.0 million) compared to December 31, 2014. Short-term debt was Ps. 3.741 billion (US$ 238.4 million), while long-term debt was Ps. 81.799 billion (US$ 5.213 billion). Our consolidated net debt balance was Ps. 48.618 billion (US$ 3.099 billion).

Soft Drinks – Coca-Cola FEMSA

Coca-Cola FEMSA’s financial results and discussion thereof are incorporated by reference from Coca-Cola FEMSA’s press release, which is attached to this press release or may be accessed by visiting www.coca-colafemsa.com.

FEMSA Comercio

Total revenues increased 31.4% compared to 2Q14 to Ps. 36.667 billion in 2Q15, reflecting the incorporation of OXXO Gas operations and the opening of 258 net new OXXO stores in the quarter to reach 1,061 total net new store openings for the last twelve months. On an organic basis³, total revenues increased 13.5% compared to 2Q14. As of June 30, 2015, FEMSA Comercio had a total of 13,265 OXXO stores. Same-store sales increased an average of 5.3% for the second quarter of 2015 over 2Q14. This performance was driven by a 4.2% increase in average customer ticket and a 1.1% increase in store traffic.

For the first half of 2015, total revenues increased 25.6% compared to the same period in 2014 to Ps. 65.654 billion. On an organic basis³, total revenues for the first half of 2015 increased 13.0% compared to the same period in 2014. FEMSA Comercio’s same-store sales increased an average of 4.8% compared to the same period in 2014, driven by a 4.2% increase in average customer ticket and a 0.6% increase in store traffic.

Gross profit increased by 15.8% in 2Q15 compared to 2Q14, resulting in a 420 basis point gross margin contraction to 30.7% of total revenues. This contraction mainly reflects the incorporation of OXXO Gas operations, which have a lower gross margin than FEMSA Comercio’s other operations. For the first half of 2015 and for the same reason, gross margin contracted by 270 basis points compared to the same period in 2014 to 31.4% of total revenues.

Income from operations increased 21.3% over 2Q14 to Ps. 2.578 billion in 2Q15. On an organic basis³, income from operations increased 20.9% in 2Q15 compared to 2Q14. Operating expenses increased 14.2% in 2Q15 to Ps. 8.679 billion, below revenue growth. In spite of this, operating margin contracted 60 basis points compared to 2Q14, to 7.0% of total revenues in 2Q15, driven by the lower gross margin.

For the first half of 2015, income from operations increased 22.8% compared to the same period in 2014 to Ps. 3.881 billion, resulting in an operating margin of 5.9%, which represents a 10 basis point contraction from the same period in the prior year, driven by the incorporation of OXXO Gas operations. On an organic basis³, income from operations increased 22.3% in the first half of 2015 compared to the same period in 2014.

³ Excludes non-comparable results from gasoline operations and acquisitions at FEMSA Comercio in the last twelve months.

July 23, 2015

Recent Developments

On June 11, 2015, Standard & Poor’s upgraded FEMSA’s global scale corporate credit and debt ratings to 'A-' from 'BBB+'. At the same time, Standard & Poor’s affirmed FEMSA’s 'mxAAA' long-term national scale corporate credit and debt ratings and 'mxA-1+' short-term national scale rating, with a stable outlook.

On June 18, 2015, FEMSA Comercio announced that its subsidiary Cadena Comercial de Farmacias, S.A.P.I. de C.V. closed the acquisition of 100% of Farmacias Farmacon after obtaining all required regulatory approvals. Farmacias Farmacon is based in the city of Culiacán, Sinaloa and currently operates over 200 stores in the Mexican states of Sinaloa, Sonora, Baja California and Baja California Sur.

CONFERENCE CALL INFORMATION:

Our Second Quarter of 2015 Conference Call will be held on: Thursday July 23, 2015, 5:00 PM Eastern Time (4:00 PM Mexico City Time). To participate in the conference call, please dial: Domestic US: (888) 329-8862; International: (719) 457-1512; Conference Id: 6138739. The conference call will be webcast live through streaming audio. For details please visit www.femsa.com/investor.

If you are unable to participate live, the conference call audio will be available on http://ir.FEMSA.com/results.cfm.

FEMSA is a leading company that participates in the beverage industry through Coca-Cola FEMSA, the largest franchise bottler of Coca-Cola products in the world; and in the beer industry, through its ownership of the second largest equity stake in Heineken, one of the world's leading brewers with operations in over 70 countries. In the retail industry it participates with FEMSA Comercio, operating various small-format store chains including OXXO. Additionally, through its Strategic Businesses unit, it provides logistics, point-of-sale refrigeration solutions and plastics solutions to FEMSA's business units and third-party clients.

The translations of Mexican pesos into US dollars are included solely for the convenience of the reader, using the noon day buying rate for Mexican Pesos as published by the U.S. Federal Reserve Board in its H.10 weekly Release of Foreign Exchange Rates for June 30, 2015, which was 15.6902 Mexican Pesos per US Dollar.

FORWARD-LOOKING STATEMENTS

This report may contain certain forward-looking statements concerning our future performance that should be considered as good faith estimates made by us. These forward-looking statements reflect management’s expectations and are based upon currently available data. Actual results are subject to future events and uncertainties, which could materially impact our actual performance.

Five pages of tables and Coca-Cola FEMSA’s press release follow.

July 23, 2015

FEMSA

Consolidated Income Statement

Millions of Pesos

	For the secod quarter of:																For the six months of:
	2015			% of rev.		2014			% of rev.		% Var.			% Org ^(A)			2015			% of rev.		2014			% of rev.		% Var.			% Org ^(A)
Total revenues		75,120			100.0		70,956			100.0		5.9			(1.2	)		140,443			100.0		136,463			100.0		2.9			(2.0	)
Cost of sales		45,722			60.9		41,192			58.1		11.0						85,295			60.7		79,540			58.3		7.2
Gross profit		29,398			39.1		29,764			41.9		(1.2	)					55,148			39.3		56,923			41.7		(3.1	)
Administrative expenses		2,742			3.7		2,733			3.9		0.3						5,293			3.8		5,415			4.0		(2.3	)
Selling expenses		18,206			24.1		18,620			26.2		(2.2	)					35,261			25.1		36,855			27.0		(4.3	)
Other Operating expenses (income), net ⁽¹⁾		125			0.2		458			0.6		(72.7	)					398			0.3		603			0.5		(34.0	)
Income from operations⁽²⁾		8,325			11.1		7,953			11.2		4.7			4.4			14,196			10.1		14,050			10.3		1.0			(2.4	)
Other Non-Operating expenses (income)		260					91					N.A.						235					52					N.A.
Interest expense		1,780					1,675					6.3						3,443					3,360					2.5
Interest income		257					195					31.8						497					503					(1.2	)
Foreign exchange loss (gain)		48					(52	)				N.A.						239					(5	)				N.A.
Other financial expenses (income), net.		(141	)				386					N.A.						(225	)				402					N.A.
Financing expenses, net		1,430					1,814					(21.2	)					2,960					3,254					(9.0	)
Income before income tax and Participation in Associates results		6,635					6,048					9.7						11,001					10,744					2.4
Income tax		2,230					2,253					(1.0	)					3,653					3,789					(3.6	)
Participation in associates results⁽³⁾		891					668					33.4						2,301					1,371					67.8
Net consolidated income		5,296					4,463					18.7						9,649					8,326					15.9
Net majority income		3,872					3,018					28.3						7,011					5,591					25.4
Net minority income		1,424					1,445					(1.5	)					2,638					2,735					(3.5	)

	2015			% of rev.		2014			% of rev.		% Var.			% Org ^(A)			2015			% of rev.		2014			% of rev.		% Var.			% Org ^(A)
*Operative Cash Flow & CAPEX*
Income from operations		8,325			11.1		7,953			11.2		4.7			4.4			14,196			10.1		14,050			10.3		1.0			(2.4	)
Depreciation		2,426			3.2		2,430			3.4		(0.2	)					4,690			3.3		4,748			3.5		(1.2	)
Amortization & other non-cash charges		295			0.4		902			1.3		(67.3	)					863			0.7		1,395			1.0		(38.1	)
Operative Cash Flow (EBITDA)		11,046			14.7		11,285			15.9		(2.1	)		(2.4	)		19,749			14.1		20,193			14.8		(2.2	)		(5.3	)
CAPEX		3,701					3,951					(6.3	)					6,963					7,014					(0.7	)

	2015					2014					Var. p.p.
Financial Ratios
Liquidity⁽⁴⁾		1.43					1.60					(0.17	)
Interest coverage⁽⁵⁾		7.25					7.63					(0.38	)
Leverage⁽⁶⁾		0.67					0.63					0.04
Capitalization⁽⁷⁾		27.94	%				26.53	%				1.41

^{(A) % Org. represents the variation
in a given measure excluding the effects of mergers, acquisitions and divestitures of FEMSA Comercio. In preparing this measure,
management has used its best judgment, estimates and assumptions in order to maintain comparability.}

⁽¹⁾ Other Operating expenses (income), net = Other Operating expenses (income) +(-) Equity method from operated associates.

⁽²⁾ Income from operations = Gross profit - Administrative and selling expenses - Other operating expenses (income), net.

⁽³⁾ Mainly represents the equity method participation in Heineken´s results, net.

⁽⁴⁾ Total current assets / total current liabilities.

⁽⁵⁾ Income from operations + depreciation + amortization & other / interest expense, net.

⁽⁶⁾ Total liabilities / total stockholders' equity.

⁽⁷⁾ Total debt / long-term debt + stockholders' equity.

Total debt = short-term bank loans + current maturities of long-term debt + long-term bank loans.

July 23, 2015

FEMSA

Consolidated Balance Sheet

Millions of Pesos

	Jun-15		Dec-14		% Var.
ASSETS
Cash and cash equivalents		36,676		35,641		2.9
Accounts receivable		11,451		14,842		(22.8	)
Inventories		16,893		17,214		(1.9	)
Other current assets		10,409		11,415		(8.8	)
Total current assets		75,429		79,112		(4.7	)
Investments in shares		101,644		102,159		(0.5	)
Property, plant and equipment, net		74,336		75,629		(1.7	)
Intangible assets ⁽¹⁾		99,421		101,527		(2.1	)
Other assets		23,106		17,746		30.2
TOTAL ASSETS		373,936		376,173		(0.6	)

LIABILITIES & STOCKHOLDERS´ EQUITY
Bank loans		689		449		53.5
Current maturities of long-term debt		3,052		1,104		N.A.
Interest payable		515		482		6.8
Operating liabilities		48,320		47,284		2.2
Total current liabilities		52,576		49,319		6.6
Long-term debt ⁽²⁾		81,553		80,998		0.7
Labor liabilities		4,310		4,207		2.4
Other liabilities		11,764		11,527		2.1
Total liabilities		150,203		146,051		2.8
Total stockholders’ equity		223,733		230,122		(2.8	)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY		373,936		376,173		(0.6	)

	June 30, 2015
*DEBT MIX ⁽²⁾*	*% of Total*			*Average Rate*
Denominated in:
Mexican pesos		43.1	%		5.6	%
Dollars		24.2	%		6.1	%
Colombian pesos		1.6	%		5.9	%
Argentine pesos		0.9	%		26.2	%
Brazilian Reais		30.2	%		12.6	%
Total debt		100	%		8.0	%

Fixed rate⁽²⁾		75.7	%
Variable rate⁽²⁾		24.3	%

% of Total Debt		2015				2016				2017				2018				2019				2020 +
DEBT MATURITY PROFILE			0.7	%			8.1	%			4.6	%			16.8	%			0.2	%			69.6	%

⁽¹⁾ Includes mainly the intangible assets generated by acquisitions.

⁽²⁾ Includes the effect of derivative financial instruments on long-term debt.

July 23, 2015

FEMSA Comercio

Results of Operations

Millions of Pesos

	For the secod quarter of:													For the six months of:
	2015		% of rev.		2014		% of rev.		% Var.			% Org ^(A)		2015		% of rev.		2014		% of rev.		% Var.		% Org ^(A)
Total revenues		36,667		100.0		27,896		100.0		31.4			13.5		65,654		100.0		52,267		100.0		25.6		13.0
Cost of sales		25,410		69.3		18,172		65.1		39.8					45,044		68.6		34,441		65.9		30.8
Gross profit		11,257		30.7		9,724		34.9		15.8					20,610		31.4		17,826		34.1		15.6
Administrative expenses		638		1.7		526		1.9		21.3					1,224		1.9		1,026		2.0		19.3
Selling expenses		7,977		21.8		7,027		25.2		13.5					15,386		23.4		13,570		26.0		13.4
Other Operating expenses (income), net		64		0.2		45		0.2		42.2					119		0.2		69		0.1		72.5
Income from operations		2,578		7.0		2,126		7.6		21.3			20.9		3,881		5.9		3,161		6.0		22.8		22.3
Depreciation		768		2.1		677		2.4		13.4					1,518		2.3		1,346		2.6		12.8
Amortization & other non-cash charges		102		0.3		71		0.3		43.7					199		0.3		145		0.3		37.2
Operative Cash Flow		3,448		9.4		2,874		10.3		20.0			19.6		5,598		8.5		4,652		8.9		20.3		19.8
CAPEX		1,372				1,262				8.7					2,404		-		2,160		-		11.3

Information of OXXO Stores
Total stores		258				348									13,265				12,204				8.7
Net new convenience stores:
vs. June prior year		1,061				1,189				(10.8	)
vs. December prior year		412				483				(14.7	)

Same store data: ⁽¹⁾
Sales (thousands of pesos)		724.9				688.6				5.3					680.2				648.9				4.8
Traffic (thousands of transactions)		24.5				24.2				1.1					23.5				23.3				0.6
Ticket (pesos)		29.6				28.5				4.2					29.0				27.8				4.2

OXXO GAS

Results of Operations

Millions of Pesos

	For the second quarter:				For the period of March-June:
	2015		% of rev.		2015		% of rev.
Total revenues		5,136		100.0		6,795		100.0
Cost of sales		4,743		92.3		6,274		92.3
Gross profit		393		7.7		521		7.7
Administrative expenses		32		0.6		31		0.5
Selling expenses		281		5.5		378		5.6
Other Operating expenses (income), net		-		-		1		0.0
Income from operations		80		1.6		111		1.6
Depreciation		16		0.3		22		0.3
Amortization & other non-cash charges		4		0.1		6		0.1
Operative Cash Flow		100		1.9		139		2.0

⁽¹⁾ Monthly average information per store, considering same stores with more than twelve months of operations.

^(A) % Org. represents the variation in a given measure excluding the effects of mergers, acquisitions and divestitures of FEMSA Comercio. In preparing this measure, management has used its best judgment, estimates and assumptions in order to maintain comparability.

July 23, 2015

Coca-Cola FEMSA

Results of Operations

Millions of Pesos

	For the secod quarter of:											For the six months of:
	2015		% of rev.		2014		% of rev.		% Var.			2015		% of rev.		2014		% of rev.		% Var.
Total revenues		36,550		100.0		41,434		100.0		(11.8	)		71,044		100.0		81,412		100.0		(12.7	)
Cost of sales		19,058		52.1		21,886		52.8		(12.9	)		37,734		53.1		43,320		53.2		(12.9	)
Gross profit		17,492		47.9		19,548		47.2		(10.5	)		33,310		46.9		38,092		46.8		(12.6	)
Administrative expenses		1,591		4.4		1,784		4.3		(10.8	)		3,043		4.3		3,560		4.4		(14.5	)
Selling expenses		10,209		27.9		11,620		28.0		(12.1	)		19,842		27.9		23,305		28.7		(14.9	)
Other Operating expenses (income), net		62		0.2		402		1.0		(84.6	)		280		0.4		526		0.6		(46.8	)
Income from operations		5,630		15.4		5,742		13.9		(2.0	)		10,145		14.3		10,701		13.1		(5.2	)
Depreciation		1,610		4.4		1,704		4.1		(5.5	)		3,054		4.3		3,318		4.1		(8.0	)
Amortization & other non-cash charges		146		0.4		796		1.9		(81.7	)		569		0.8		1,191		1.5		(52.2	)
Operative Cash Flow		7,386		20.2		8,242		19.9		(10.4	)		13,768		19.4		15,210		18.7		(9.5	)
CAPEX		2,230				2,416				(7.7	)		4,240				4,048				4.7

Sales volumes
(Millions of unit cases)
Mexico and Central America		504.8		59.6		506.8		59.9		(0.4	)		944.5		57.0		948.1		56.9		(0.4	)
South America		186.6		22.0		178.0		21.1		4.8			382.0		23.0		365.7		22.0		4.5
Brazil		155.2		18.4		160.6		19.0		(3.4	)		330.8		20.0		351.2		21.1		(5.8	)
Total		846.6		100.0		845.4		100.0		0.1			1,657.3		100.0		1,665.0		100.0		(0.5	)

July 23, 2015

FEMSA

Macroeconomic Information

							End of period, Exchange Rates
	Inflation						Jun-15				Dec-14
	2Q 2015			LTM⁽¹⁾ Jun-15			Per USD		Per Mx. Peso		Per USD		Per Mx. Peso
Mexico		-1.04	%		2.69	%		15.57		1.0000		14.72		1.0000
Colombia		0.50	%		4.18	%		2,585.11		0.0060		2,392.46		0.0062
Venezuela		15.35	%		72.74	%		197.30		0.0789		49.99		0.2944
Brazil		2.31	%		8.78	%		3.10		5.0176		2.66		5.5410
Argentina		3.63	%		14.87	%		9.09		1.7130		8.55		1.7212
Euro Zone		1.21	%		0.69	%		0.89		17.4193		0.82		17.9264

⁽¹⁾ LTM = Last twelve months

July 23, 2015

2015 SECOND - QUARTER RESULTS

Mexico City July 23, 2015, 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, announces results for the second quarter of 2015:

Comparable revenues grew 8.3% for the second quarter of 2015.

Comparable operating income grew 18.8% for the second quarter of 2015 with a margin expansion of 130 basis points.

Comparable operative cash flow grew 8.9% for the second quarter of 2015 with a margin expansion of 10 basis points.

Comparable earnings per share grew 5.0% to Ps. 1.23 in the second quarter of 2015.

For many years, in an effort to provide our readers with a more useful representation of our company's underlying financial and operating performance, we have included indicators such as “currency neutral” and “excluding M&A effects” that we are now including in the term “Comparable”. This means, with respect to a year over year comparison, the change in a given measure excluding the effects of (1) mergers, acquisitions and divestitures, (2) translation effects resulting from exchange rate movements and (3) the results of hyperinflationary economies in both periods. In preparing this measure, management has used its best judgment, estimates and assumptions in order to maintain comparability. Currently, the only operation that qualifies as a hyperinflationary economy is Venezuela. To translate the second quarter and year to date 2015 results of Venezuela we use the SIMADI exchange rate of 197.30 bolivars per USD, as compared with 10.60 bolivars per USD in the same periods of 2014. Additionally, the average depreciation of currencies in our main operations this quarter was: Brazilian real (37.8%), Colombian peso (30.4%), Mexican peso (17.7%) and Argentine peso (11.1%).

	Second Quarter													Year to Date Results
	as Reported					excl. Venezuela								as Reported					excl. Venezuela
	2015		D%			2014		D%			D% Comparable⁽⁵⁾			2015		D%			2014		D%			D% Comparable⁽⁵⁾
Total revenues		36,550		-11.8	%		35,480		4.5	%		8.3	%		71,044		-12.9	%		69,082		3.8	%		7.0	%
Gross profit		17,492		-10.5	%		16,931		7.5	%		10.6	%		33,310		-12.6	%		32,308		5.9	%		8.4	%
Operating income		5,630		-2.0	%		5,474		17.0	%		18.8	%		10,145		-5.2	%		9,909		13.0	%		15.0	%
Net income attributable to equity holders of the company		2,668		-0.4	%		2,556		6.0	%		5.0	%		4,867		-4.1	%		4,714		9.6	%		9.6	%
Earnings per share ⁽¹⁾		1.29					1.23								2.35					2.27
Operative cash flow⁽²⁾		7,386		-10.4	%		7,120		7.0	%		8.9	%		13,768		-9.5	%		13,331		7.1	%		9.0	%

	LTM 2Q 15			FY 2014			Δ%
Net debt ⁽³⁾		55,974			53,069			5.5	%
Net debt / Operative cash flow⁽³⁾		1.94			1.87
Operative cash flow/ Interest expense, net ⁽³⁾		5.48			5.49
Capitalization ⁽⁴⁾		40.7	%		37.7	%

Expressed in millions of Mexican pesos.

⁽¹⁾

Quarterly & YTD earnings / outstanding shares as of the end of period. Outstanding shares as of 2Q'15 were 2,072.9 million.

⁽²⁾

Operative cash flow = operating income + depreciation + amortization & other operative non-cash charges.

⁽³⁾

Net debt = total debt - cash

⁽⁴⁾

Total debt / (long-term debt + shareholders' equity)

⁽⁵⁾

Comparable: with respect to a year over year comparison, the change in a given measure excluding the effects of (1) mergers, acquisitions and divestitures, (2) translation effects resulting from exchange rate movements and (3) the results of hyperinflationary economies in both periods.

Message from the Chief Executive Officer

“As beverage transactions continued to outpace volumes across our operations—reinforcing our daily consumer engagement—we are encouraged by our operators’ positive performance in the midst of a challenging environment, marked by weak consumer trends in Brazil, a slowly recovering consumer landscape in Mexico, and currency volatility across our markets. On a comparable basis, we delivered high single-digit consolidated revenue growth and double-digit operating income growth during the quarter. Our financial performance is complemented by market share gains in most of our operations: notably, sparkling beverages in Brazil, most categories in Argentina, and across the non-carbonated beverage category in Mexico—including our increased market leadership in the Powerade brand. These accomplishments result from utilizing the right portfolio strategy, coupled with the right capabilities, within the markets we serve. We continue Coca-Cola FEMSA’s organizational transformation, protecting our short-term results, while ensuring our profitable growth for years to come,” said John Santa Maria Otazua, Chief Executive Officer of the Company.

July 23, 2015

Page 1

Consolidated Results

Comparable means, with respect to a year over year comparison, the change in a given measure excluding the effects of (1) mergers, acquisitions and divestitures, (2) translation effects resulting from exchange rate movements and (3) the results of hyperinflationary economies in both periods. From our operations, only Venezuela qualifies as a hyperinflationary economy.

Reported revenues, excluding Venezuela, grew 4.5% as compared to the same period of 2014, reaching Ps. 35,480 million. These figures were negatively impacted by the devaluation of the Brazilian real⁽¹⁾ and the Colombian peso⁽¹⁾. Comparable total revenues grew 8.3%, driven by average price per unit case growth across our operations and volume growth in Colombia and Argentina.

The total number of transactions, excluding Venezuela, grew 0.6% to close 4.6 billion, outperforming volume growth. Our sparkling beverage portfolio grew 0.4% mainly driven by transactions in Mexico and Argentina, which offset a contraction in Brazil. Our still beverage category increased transactions by 5.8%, mainly driven by Mexico, Colombia and Argentina. Transactions of water, including bulk water, decreased 2.5% driven by a decline in Mexico.

Reported total sales volume, excluding Venezuela, grew 0.1% to 789.4 million unit cases in the second quarter of 2015 as compared to the same period in 2014. Our sparkling beverage portfolio grew 0.4% mainly driven by Mexico, Argentina and Colombia, which offset a contraction in Brazil. Volume of our bottled water portfolio increased 3.0% driven by Aquarius and Bonaqua in Argentina, Crystal in Brazil, and Manantial in Colombia. Our still beverage category increased 6.8% driven by Del Valle and Santa Clara in Mexico, Cepita, Hi-C and Powerade in Argentina and Del Valle Fresh in Colombia. Volume of our bulk water portfolio decreased 6.5% mainly due to a decline of Ciel in Mexico.

Reported gross profit, excluding Venezuela, grew 7.5% to Ps. 16,931 million with a gross margin expansion of 130 basis points in the period. Comparable gross profit grew 10.6%. In local currency, the benefit of lower sweetener and PET prices in most of our territories was partially offset by the depreciation of the average exchange rate of the Brazilian Real⁽¹⁾, the Colombian Peso⁽¹⁾, the Mexican Peso⁽¹⁾ and the Argentine Peso⁽¹⁾ as applied to our U.S. dollar-denominated raw material costs.

Reported operating income, excluding Venezuela, increased 17.0% to Ps. 5,474 million with a margin expansion of 160 basis points to reach 15.4% in the second quarter of 2015. Comparable operating income grew 18.8%.

On a reported basis and excluding Venezuela, during the second quarter of 2015 the other operative expenses net line recorded an expense of Ps. 196 million, mainly due to certain restructuring charges and negative operating currency fluctuation effects across our territories.

The reported share of the profits of associates and joint ventures line, excluding Venezuela, recorded a gain of Ps. 178 million in the second quarter of 2015, mainly due to equity method gains from our stake in Coca-Cola FEMSA Philippines, Inc. and our participation in Mexico’s and Brazil’s non-carbonated beverage joint-ventures. This gain compares to a loss of Ps. 100 million recorded in the second quarter of 2014.

Our reported comprehensive financing result, excluding Venezuela, in the second quarter of 2015 recorded an expense of Ps. 1,558 million, as compared to an expense of Ps. 1,183 million in the same period of 2014. During the quarter we registered a foreign exchange loss as a result of the quarterly depreciationof the Mexican peso⁽¹⁾ as applied to our US dollar-denominated net debt position.

During the second quarter of 2015, reported income tax as a percentage of income before taxes, excluding Venezuela, was 31.4% as compared to 30.8% in the same period of 2014.

Reported operative cash flow, excluding Venezuela, grew 7.0% to Ps. 7,120 million with a margin expansion of 50 basis points as compared to the same period of 2014. Comparable operative cash flow grew 8.9%.

Reported consolidated net controlling interest income, excluding Venezuela, grew 6.0% to Ps. 2,556 million in the second quarter of 2015, resulting in earnings per share (EPS) of Ps. 1.23 (Ps. 12.33 per ADS)⁽²⁾. Comparable consolidated net controlling interest income grew 5.0%.

As reported figures

Total sales volume grew 0.1% to 846.5 million unit cases in the second quarter of 2015 as compared to the same period in 2014. Total revenues decreased 11.8% to Ps. 36,550 million in the second quarter of 2015, mainly driven by the negative translation effect resulting from using the SIMADI exchange rate⁽¹⁾ to translate the results of our Venezuelan operation.

Gross profit decreased 10.5% to Ps. 17,492 million and gross margin expanded 70 basis points to 47.9%. Operating income declined 2.0% to Ps. 5,630 million and operating margin expanded 150 basis points to 15.4%. Operative cash flow decreased 10.4% to Ps. 7,386 million and operating cash flow margin expanded 30 basis points to reach 20.2%. These declines were mainly driven by the previously mentioned negative translation effects.

Reported consolidated net controlling interest income declined 0.4% to Ps. 2,668 million in the second quarter of 2015, resulting in reported earnings per share (EPS) of Ps. 1.29 (Ps. 12.87 per ADS)⁽²⁾.

(1)

See page 16 for average and end of period exchange rates for the second quarter of 2015 and the first six months of 2015.

(2)

Computed on the basis 2,072.9 million shares (each ADS represents 10 local shares).

July 23, 2015

Page 2

Balance Sheet

As of June 30, 2015, we had a cash balance of Ps. 13,529 million, including US$ 519 million denominated in U.S. dollars, an increase of Ps. 571 million compared to December 31, 2014. This difference was mainly driven by cash flow generation across our territories and the effect of the depreciation of the Mexican peso⁽¹⁾ as applied to our U.S. dollar denominated cash position, net of the payment of the first installment of the dividend in the amount of Ps. 3,213 million, during May of 2015.

As of June 30, 2015, total short-term debt was Ps. 3,575 million and long-term debt was Ps. 65,928 million. Total debt increased by Ps. 3,476 million, compared to year end 2014 mainly due to the negative effect resulting from the depreciation of the end of period exchange rate of the Mexican peso⁽¹⁾ as applied to our U.S. dollar denominated debt position. Net debt increased Ps. 2,905 million compared to year end 2014.

The weighted average cost of debt for the quarter was 8.3%. The following charts set forth the Company’s debt profile by currency and interest rate type and by maturity date as of June 30, 2015.

Currency	% Total Debt⁽¹⁾			% Interest Rate Floating⁽¹⁾⁽²⁾
Mexican pesos		29.6	%		24.9	%
U.S. dollars		30.4	%		0.0	%
Colombian pesos		1.9	%		100.0	%
Brazilian reals		36.9	%		95.9	%
Argentine pesos		1.2	%		72.5	%

(1)

After giving effect to interest rate swaps

(2)

Calculated by weighting each year’s outstanding debt balance mix

Debt Maturity Profile

Maturity Date		2015				2016				2017				2018				2019				2020+
% of Total Debt			0.6	%			8.5	%			1.4	%			30.0	%			0.2	%			59.3	%

(1)

See page 16 for average and end of period exchange rates for the second quarter of 2015 and the first six months of 2015.

July 23, 2015

Page 3

Mexico & Central America Division

(Mexico, Guatemala, Nicaragua, Costa Rica and Panama)

Reported total revenues from our Mexico and Central America division increased 6.7% to Ps. 20,322 million in the second quarter of 2015, as compared to the same period in 2014, driven by average price per unit case increases in Mexico and Central America. Our average price per unit case, which is presented net of taxes, grew 7.2%, reaching Ps. 40.23. Comparable total revenues in the division increased 4.5%.

Transactions in the Mexico and Central America division grew 0.7%, outpacing volume performance, totaling more than 2.7 billion in the second quarter of 2015. Our sparkling beverage portfolio grew 1.6% mainly driven by a 2% increase in transactions of brand Coca-Cola in Mexico. Our still beverage category increased transactions by 5.4%, mainly driven by Mexico, which generated more than 12 million incremental transactions. Transactions of water, including bulk water, decreased 12.7% driven by a decline in Mexico.

Reported total sales volume decreased 0.4% to 504.8 million unit cases in the second quarter of 2015, as compared to the same period of 2014. Volume in Mexico contracted 0.4% and volume in Central America decreased 0.8%. Our sparkling beverage category increased 1.0% driven by growth of brand Coca-Cola, Mundet and Fanta in Mexico. Our personal water portfolio decreased 3.8% and our bulk water portfolio decreased 7.5%. Our still beverage category grew 5.0% mainly driven by a 21% growth of the Del Valle portfolio, 10% growth of Powerade and our Santa Clara dairy business, which grew 338%. This volume performance reflects on stable market share in sparkling beverages and continued market share gains in juices and isotonics.

Our reported gross profit increased 7.9% to Ps. 10,625 million in the second quarter of 2015 as compared to the same period in 2014. Reported gross margin reached 52.3% in the second quarter of 2015, an expansion of 60 basis points as compared to the same period of the previous year. Comparable gross profit grew 6.0%, with a margin expansion of 70 basis points. Lower PET and sweeteners prices in the division were partially offset by the depreciation of the average exchange rate of most of our division’s currencies⁽¹⁾ as applied to our U.S. dollar-denominated raw material costs.

Reported operating income⁽²⁾ increased 19.0% to Ps. 4,011 million in the second quarter of 2015. Our reported operating margin expanded 200 basis points to reach 19.7% in the second quarter of 2015. Our operating expenses in the division grew 6.7%, mainly driven by higher freight costs in Mexico as result of increased regulation which were compensated by a continued strict expense control implemented across the division. Comparable operating income⁽²⁾ in the division grew 17.0% with a margin expansion of 210 basis points.

Reported operative cash flow grew 7.3% to Ps. 5,021 million in the second quarter of 2015 as compared to the same period in 2014. Our reported operative cash flow margin was 24.7%, an expansion of 10 basis points. Comparable operative cash flow grew 5.5% with a margin expansion of 20 basis points.

The difference between the margin expansion at the operating income level and the operative cash flow level is mainly related to the equity method, which is recorded as a non-cash item.

(1)

See page 16 for average and end of period exchange rates for the second quarter and the first six months of 2015.

(2)

July 23, 2015

Page 4

South America Division

(Colombia, Venezuela, Brazil and Argentina)

Reported total revenues, excluding Venezuela, grew 1.6%, reaching Ps. 15,159 million. These figures were negatively impacted by the devaluation of the Brazilian real⁽¹⁾ and the Colombian peso⁽¹⁾. Comparable total revenues grew 14.0%, driven by average price per unit case growth across our territories and volume growth in Argentina and Colombia. Revenues of beer in Brazil accounted for Ps. 1,469 million in the second quarter of 2015.

Transactions in the division, excluding Venezuela, grew 0.6% totaling more than 1.8 billion in the second quarter of 2015. Our sparkling beverage portfolio decreased 1.4%, mainly driven by a 3.7% decline in Brazil. Our still beverage category increased transactions by 6.3%, driven by Colombia and Argentina. Transactions of water, including bulk water, increased 13.5% driven by growth across the operations.

Reported total sales volume in our South America division, excluding Venezuela, grew 1.1% to 284.7 million unit cases in the second quarter of 2015 as compared to the same period of 2014. Our water category, including bulk water, grew 11.0% driven by Aquarius and Bonaqua in Argentina, Manantial in Colombia and Crystal in Brazil. The still beverage category grew 9.6% favored by the performance of Del Valle Fresh in Colombia, and Cepita, Hi-C and Powerade in Argentina. Our sparkling beverage category decreased 0.6%, driven by a decline in Brazil, which was partially offset by growth in Argentina and Colombia. We continue to gain market share in the sparkling beverage category in every country in the region.

Reported gross profit, excluding Venezuela, grew 7.0% to Ps. 6,306 million, with a margin expansion of 210 basis points. Lower sweetener and PET prices in most of our territories were partially compensated by the depreciation of the average exchange rate of the currencies in our South America division⁽¹⁾ as applied to our U.S. dollar-denominated raw material costs. Comparable gross profit increased 19.5% with a margin expansion of 190 basis points.

Reported operating income, excluding Venezuela, grew 11.7% to Ps. 1,465 million, with a margin expansion of 90 basis points as compared to the same period of the previous year. Comparable operating income grew 24.0%. We increased marketing investments in Colombia and Brazil to enhance market place execution, expand our cooler coverage and reinforce our returnable packaging portfolio.

Reported operative cash flow, excluding Venezuela, increased 6.5% to Ps. 2,102 million, reaching an operative cash flow margin of 13.9%, an expansion of 70 basis points as compared to the same period of 2014. Comparable operative cash flow grew 18.6%.

As reported figures

Reported total revenues decreased 27.5% to Ps. 16,229 million in the second quarter of 2015, mainly driven by the negative translation effect that resulted from using the SIMADI exchange rate⁽¹⁾ to translate the results of our Venezuelan operation.

Reported gross profit decreased 29.2% to Ps. 6,867 million in the second quarter of 2015 and gross profit margin reached 42.3%. Our reported operating income decreased 31.7% to Ps. 1,620 million in the second quarter of 2015, and operating income margin reached 10.0%. Reported operative cash flow decreased 33.6% to reach Ps. 2,366 million in the second quarter of 2015, resulting in a margin of 14.6%. These declines were mainly driven by the previously mentioned negative translation effect.

(1)

See page 16 for average and end of period exchange rates for the second quarter and the first six months of 2015.

July 23, 2015

Page 5

Summary of Six-Month Results

Comparable means, with respect to a year over year comparison, the change in a given measure excluding the effects of (1) mergers, acquisitions and divestitures, (2) translation effects resulting from exchange rate movements and (3) the results of hyperinflationary economies in both periods. From our operations only Venezuela qualifies as a hyperinflationary economy.

Reported revenues, excluding Venezuela, grew 3.8% as compared to the same period of 2014, reaching Ps. 69,082 million. These figures were negatively impacted by the devaluation of the Brazilian real⁽¹⁾ and the Colombian peso⁽¹⁾. Comparable total revenues grew 7.0%, driven by average price per unit case growth across our operations and volume growth in Colombia, Argentina and Central America.

The total number of transactions, excluding Venezuela, grew 0.1% to more than 9 billion, outperforming volume growth. Our sparkling beverage portfolio decreased 0.1% mainly driven by a 5.3% contraction in Brazil, which is partially compensated by growth in the rest of the operations. Our still beverage category increased transactions by 2.0%, mainly driven by Colombia, Argentina and Mexico. Transactions of water, including bulk water, decreased 0.1% driven by a decline in Mexico.

Reported total sales volume, excluding Venezuela, decreased 0.6% to 1,538.7 million unit cases in the first six months of 2015 as compared to the same period in 2014. Our sparkling beverage portfolio decreased 0.3% driven by a contraction in Brazilian volumes that were partially compensated by the positive performance in the rest of our operations. Volume of our bottled water portfolio increased 6.7% driven by Aquarius and Bonaqua in Argentina and Manantial in Colombia. Our still beverage category increased 3.0% driven by the performance of Cepita, Hi-C and Powerade in Argentina and Del Valle Fresh in Colombia. Volume of our bulk water portfolio decreased 8.4% mainly due to a decline of Ciel in Mexico.

Reported gross profit, excluding Venezuela, grew 5.9% to Ps. 32,308 million with a gross margin expansion of 90 basis points in the period. Comparable gross profit grew 8.4%. In local currency, the benefit of lower sweetener and PET prices in most of our territories was partially offset by the depreciation of the average exchange rate of the Brazilian Real, the Colombian Peso, the Mexican Peso and the Argentine Peso⁽¹⁾ as applied to our U.S. dollar-denominated raw material costs.

Reported operating income, excluding Venezuela, increased 13.0% to Ps. 9,902 million with a margin expansion of 110 basis points to reach 14.3% in the first six months of 2015. Comparable operating income grew 15.0%.

On a reported basis and excluding Venezuela, during the first six months of 2015 the other operative expenses net line recorded an expense of Ps. 376 million, mainly due to certain restructuring charges and negative operating currency fluctuation effects across our territories.

The reported share of the profits of associates and joint ventures line, excluding Venezuela, recorded a gain of Ps. 190 million in the first six months of 2015, mainly due to equity method gains from our stake in Coca-Cola FEMSA Philippines, Inc. and our participation in Mexico’s and Brazil’s non-carbonated beverage joint-ventures.

Our reported comprehensive financing result, excluding Venezuela, in the first six months of 2015 recorded an expense of Ps. 2,931 million, as compared to an expense of Ps. 2,275 million in the same period of 2014. During the quarter we registered a foreign exchange loss as a result of the quarterly depreciationof the Mexican peso⁽¹⁾ as applied to our US dollar-denominated net debt position.

During the first six months of 2015, reported income tax as a percentage of income before taxes, excluding Venezuela, was 30.8% as compared to 32.6% in the same period of 2014.

Reported operative cash flow, excluding Venezuela, grew 7.1% to Ps. 13,331 million with a margin expansion of 60 basis points as compared to the same period of 2014. Comparable operative cash flow grew 9.0%.

Reported consolidated net controlling interest income, excluding Venezuela, grew 9.6% to Ps. 4,714 million in the first six months of 2015, resulting in earnings per share (EPS) of Ps. 2.27 (Ps. 22.74 per ADS)⁽²⁾. Comparable consolidated net controlling interest income grew 9.6%.

As reported figures

Total sales volume decreased 0.5% to 1,657.4 million unit cases in the first half of 2015 as compared to the same period in 2014. Total revenues decreased 12.7% to Ps. 71,044 million in the first six months of 2015, mainly driven by the negative translation effect resulting from using the SIMADI exchange rate⁽¹⁾ to translate the results of our Venezuelan operation.

Gross profit decreased 12.6% to Ps. 33,310 million and gross margin reached 46.9% in the first six months of 2015. Operating income declined 5.2% to Ps. 10,145 million with an operating margin expansion of 120 basis points. Operative cash flow decreased 9.5% to Ps. 13,768 million and operating cash flow margin expanded 70 basis points to reach 19.4%. These declines were mainly driven by the previously mentioned negative translation effects.

Consolidated net controlling interest income was Ps. 4,867 million in the first six months of 2015, resulting in reported earnings per share (EPS) of Ps. 2.35 (Ps. 23.48 per ADS)⁽²⁾.

(1)

See page 16 for average and end of period exchange rates for in the second quarter and the first six months of 2015.

(2)

Computed on the basis 2,072.9 million shares (each ADS represents 10 local shares).

July 23, 2015

Page 6

Philippines Operation

For the second quarter of 2015, volume rose 2%, transactions grew by 3% and revenue increased close to 14%, as compared to the same period of 2014. Volume of our core sparkling beverages grew more than 9% and transactions continued to outperform volume growth supported by the success of our one way PET single serve presentations of 250 milliliters and 300 milliliters for brands Coca-Cola, Sprite and Royal. In addition, during the quarter we launched Timeout, a new 8 ounce returnable glass presentation for brand Coca-Cola, to reinforce our affordable portfolio in the Greater Manila Area. We continue to strengthen our Route-to-Market deployment to ensure excellent commercial execution and set the stage for a more efficient sales and distribution model throughout the country.

Recent developments

During May, 2015, Coca-Cola FEMSA Brazil received, from The Coca-Cola Company, the Global Customer & Commercial Leadership award in the category “Commercial Execution: Immediate Consumption and Cold Drink Equipment” for the “Magic Prices” initiative implemented during 2014.

Conference call information

Our second quarter 2015 conference call will be held on July 23, 2015, at 11:00 A.M. Eastern Time (10:00 A.M. Mexico City Time). To participate in the conference call, please dial: Domestic U.S.: 888-437-9445 or International: 719-325-2464. Participant code: 9319681. We invite investors to listen to the live audiocast of the conference call on the Company’s website, www.coca-colafemsa.com. If you are unable to participate live, the conference call audio will be available at www.coca-colafemsa.com.

v v v

All the financial information presented in this report was prepared under International Financial Reporting Standards (IFRS).

For reporting purposes, all corporate expenses, including the equity method recorded from our stake of the results of Coca-Cola FEMSA Philippines, Inc., are included in the results of the Mexico and Central America division. Starting on February 2013, we are incorporating our stake of the results of Coca-Cola FEMSA Philippines, Inc. through the equity method on an estimated basis.

This news release may contain forward-looking statements concerning Coca-Cola FEMSA’s future performance, which should be considered as good faith estimates by Coca-Cola FEMSA. These forward-looking statements reflect management’s expectations and are based upon currently available data. Actual results are subject to future events and uncertainties, many of which are outside Coca-Cola FEMSA’s control, which could materially impact the Company’s actual performance. References herein to “US$” are to United States dollars. This news release contains translations of certain Mexican peso amounts into U.S. dollars for the convenience of the reader. These translations should not be construed as representations that Mexican peso amounts actually represent such U.S. dollar amounts or could be converted into U.S. dollars at the rate indicated.

v v v

(9 pages of tables to follow)

Mexican Stock Exchange Quarterly Filing

Coca-Cola FEMSA encourages the reader to refer to our quarterly filing to the Mexican Stock Exchange (Bolsa Mexicana de Valores or BMV) for more detailed information. This filing contains a detailed cash flow statement and selected notes to the financial statements, including segment information. This filing is available at www.bmv.com.mx in the Información Financiera section for Coca-Cola FEMSA (KOF).

July 23, 2015

Page 7

Consolidated Income Statement

Expressed in millions of Mexican pesos⁽¹⁾

	2Q 15			% Rev			2Q 14			% Rev			Reported Δ%			YTD 15			% Rev			YTD 14			% Rev			Reported Δ%
Volume (million unit cases) ⁽²⁾		846.5						845.6						0.1	%		1,657.4						1,665.0						-0.5	%
Average price per unit case ⁽²⁾		41.32						47.07						-12.2	%		40.71						46.85						-13.1	%
Net revenues		36,451						41,356						-11.9	%		70,823						81,273						-12.9	%
Other operating revenues		99						78						26.9	%		221						139						59.0	%
Total revenues ⁽³⁾		36,550			100	%		41,434			100	%		-11.8	%		71,044			100	%		81,412			100	%		-12.7	%
Cost of goods sold		19,058			52.1	%		21,886			52.8	%		-12.9	%		37,734			53.1	%		43,320			53.2	%		-12.9	%
Gross profit		17,492			47.9	%		19,548			47.2	%		-10.5	%		33,310			46.9	%		38,092			46.8	%		-12.6	%
Operating expenses		11,800			32.3	%		13,404			32.4	%		-12.0	%		22,885			32.2	%		26,865			33.0	%		-14.8	%
Other operative expenses, net		240			0.7	%		302			0.7	%		-20.5	%		470			0.7	%		360			0.4	%		30.6	%
Operative equity method (gain) loss in associates⁽⁴⁾⁽⁵⁾		(178	)		-0.5	%		100			0.2	%		NA			(190	)		-0.3	%		166			0.2	%		NA
Operating income ⁽⁶⁾		5,630			15.4	%		5,742			13.9	%		-2.0	%		10,145			14.3	%		10,701			13.1	%		-5.2	%
Other non operative expenses, net		187			0.5	%		75			0.2	%		149.3	%		97			0.1	%		57			0.1	%		69.9	%
Non Operative equity method (gain) loss in associates⁽⁷⁾		(38	)		-0.1	%		(63	)		-0.2	%		-39.7	%		(73	)		-0.1	%		(71	)		-0.1	%		2.8	%
Interest expense		1,442						1,416						1.8	%		2,778						2,852						-2.6	%
Interest income		95						82						15.9	%		178						318						-44.0	%
Interest expense, net		1,347						1,334						1.0	%		2,600						2,534						2.6	%
Foreign exchange loss (gain)		280						(107	)					NA			462						(53	)					NA
Loss (gain) on monetary position in inflationary subsidiries		13						404						-96.8	%		24						538						-1.0
Market value (gain) loss on ineffective portion of derivative instruments		(72	)					(22	)					227.3	%		(134	)					(161	)					-16.8	%
Comprehensive financing result		1,568						1,609						-2.5	%		2,952						2,858						3.3	%
Income before taxes		3,913						4,121						-5.0	%		7,169						7,857						-8.8	%
Income taxes		1,217						1,439						-15.4	%		2,208						2,696						-18.1	%
Consolidated net income		2,696						2,682						0.5	%		4,961						5,161						-3.9	%
Net income attributable to equity holders of the company		2,668			7.3	%		2,679			6.5	%		-0.4	%		4,867			6.9	%		5,076			6.2	%		-4.1	%
Non-controlling interest		28						3						833.3	%		94						85						10.6	%
Operating income ⁽⁶⁾		5,630			15.4	%		5,742			13.9	%		-2.0	%		10,145			14.3	%		10,701			13.1	%		-5.2	%
Depreciation		1,610						1,704						-5.5	%		3,054						3,318						-8.0	%
Amortization and other operative non-cash charges		146						796						-81.7	%		569						1,191						-52.2	%
Operative cash flow ⁽⁶⁾⁽⁸⁾		7,386			20.2	%		8,242			19.9	%		-10.4	%		13,768			19.4	%		15,210			18.7	%		-9.5	%
CAPEX		2,230						2,416									4,240						4,048

⁽¹⁾

Except volume and average price per unit case figures.

⁽²⁾

Sales volume and average price per unit case exclude beer results.

⁽³⁾

Includes total revenues of Ps. 17,659 million from our Mexican operation and Ps. 8,811 million from our Brazilian operation.

⁽⁴⁾

Includes equity method in Jugos del Valle, Coca-Cola Bottlers Philippines, Inc., Leao Alimentos and Estrella Azul, among others.

⁽⁵⁾

As of February 2013, we are incorporating our stake of the results of Coca-Cola Bottlers Philippines, Inc. through the equity method on an estimated basis in this line.

⁽⁶⁾

The operating income and operative cash flow lines are presented as non-gaap measures for the convenience of the reader.

⁽⁷⁾

Includes equity method in PIASA, IEQSA, Beta San Miguel, IMER and KSP Participacoes.

⁽⁸⁾

Operative cash flow = operating income + depreciation, amortization & other operative non-cash charges.

July 23, 2015

Page 8

Consolidated Income Statement excluding Venezuela

Expressed in millions of Mexican pesos⁽¹⁾

	2Q 15			% Rev			2Q 14			% Rev			Excluding Venezuela Δ%			Comparable Δ% ⁽⁹⁾			YTD 15			% Rev			YTD 14			% Rev			Excluding Venezuela Δ%			Comparable Δ% ⁽⁹⁾
Volume (million unit cases) ⁽²⁾		789.4						788.4						0.1	%		0.1	%		1,538.7						1,547.5						-0.6	%		-0.5	%
Average price per unit case ⁽²⁾		42.96						41.01						4.7	%		8.8	%		42.57						40.79						4.4	%		7.5	%
Net revenues		35,381						33,889						4.4	%		8.3	%		68,862						66,396						3.7	%		6.8	%
Other operating revenues		99						73						35.6	%		40.8	%		220						125						76.0	%		83.9	%
Total revenues ⁽³⁾		35,480			100	%		33,962			100	%		4.5	%		8.3	%		69,082			100	%		66,521			100	%		3.8	%		7.0	%
Cost of goods sold		18,549			52.3	%		18,217			53.6	%		1.8	%		6.3	%		36,774			53.2	%		36,000			54.1	%		2.2	%		5.7	%
Gross profit		16,931			47.7	%		15,745			46.4	%		7.5	%		10.6	%		32,308			46.8	%		30,521			45.9	%		5.9	%		8.4	%
Operating expenses		11,439			32.2	%		10,874			32.0	%		5.2	%		9.0	%		22,213			32.2	%		21,447			32.2	%		3.6	%		6.5	%
Other operative expenses, net		196			0.6	%		91			0.3	%		115.4	%		107.2	%		376			0.5	%		141			0.2	%		166.7	%		162.9	%
Operative equity method (gain) loss in associates⁽⁴⁾⁽⁵⁾		(178	)		-0.5	%		100			0.3	%		-278.0	%		NA			(190	)		-0.3	%		166			0.2	%		-214.5	%		NA
Operating income ⁽⁶⁾		5,474			15.4	%		4,680			13.8	%		17.0	%		18.8	%		9,909			14.3	%		8,767			13.2	%		13.0	%		15.0	%
Other non operative expenses, net		182			0.5	%		74			0.2	%		146.0	%		192.0	%		25			0.0	%		57			0.1	%		-56.3	%		136.1	%
Non Operative equity method (gain) loss in associates⁽⁷⁾		(35	)		-0.1	%		(63	)		-0.2	%		-44.2	%		-39.7	%		-			0.0	%		(71	)		-0.1	%		-100.0	%		2.8	%
Interest expense		1,435						1,383						3.8	%		12.8	%		2,767						2,783						-0.6	%		5.4	%
Interest income		86						71						21.1	%		38.6	%		165						294						-43.9	%		-41.8	%
Interest expense, net		1,349						1,312						2.8	%		11.5	%		2,602						2,489						4.5	%		11.2	%
Foreign exchange loss (gain)		280						(107	)					-361.7	%		NA			462						(53	)					-971.7	%		NA
Loss (gain) on monetary position in inflationary subsidiries
Market value (gain) loss on ineffective portion of derivative instruments		(72	)					(22	)					227.3	%		298.2	%		(134	)					(161	)					-16.8	%		-6.9	%
Comprehensive financing result		1,558						1,183						31.7	%		43.7	%		2,931						2,275						28.8	%		36.7	%
Income before taxes		3,769						3,486						8.1	%		6.9	%		6,953						6,506						6.9	%		6.9	%
Income taxes		1,185						1,072						10.5	%		8.8	%		2,145						2,119						1.2	%		1.2	%
Consolidated net income		2,584						2,414						7.0	%		6.0	%		4,808						4,387						9.6	%		9.6	%
Net income attributable to equity holders of the company		2,556			7.2	%		2,411			7.1	%		6.0	%		5.0	%		4,714			6.8	%		4,302			6.5	%		9.6	%		9.6	%
Non-controlling interest		28						3						833.3	%		1628.2	%		94						85						10.6	%		12.2	%
Operating income ⁽⁶⁾		5,474			15.4	%		4,680			13.8	%		17.0	%		18.8	%		9,909			14.3	%		8,767			13.2	%		13.0	%		15.0	%
Depreciation		1,585						1,511						4.9	%		-7.0	%		3,005						2,937						2.3	%		-9.4	%
Amortization and other operative non-cash charges		61						463						-86.8	%		-92.3	%		417						748						-44.3	%		-65.0	%
Operative cash flow ⁽⁶⁾⁽⁸⁾		7,120			20.1	%		6,654			19.6	%		7.0	%		8.9	%		13,331			19.3	%		12,452			18.7	%		7.1	%		9.0	%

⁽¹⁾

Except volume and average price per unit case figures.

⁽²⁾

Sales volume and average price per unit case exclude beer results.

⁽³⁾

Includes total revenues of Ps. 17,659 million from our Mexican operation and Ps. 8,811 million from our Brazilian operation.

⁽⁴⁾

Includes equity method in Jugos del Valle, Coca-Cola Bottlers Philippines, Inc., Leao Alimentos and Estrella Azul, among others.

⁽⁵⁾

As of February 2013, we are incorporating our stake of the results of Coca-Cola Bottlers Philippines, Inc. through the equity method on an estimated basis in this line.

⁽⁶⁾

The operating income and operative cash flow lines are presented as non-gaap measures for the convenience of the reader.

⁽⁷⁾

Includes equity method in PIASA, IEQSA, Beta San Miguel, IMER and KSP Participacoes.

⁽⁸⁾ Operative cash flow = operating income + depreciation, amortization & other operative non-cash charges.

⁽⁹⁾

July 23, 2015

Page 9

Consolidated Balance Sheet

Expressed in millions of Mexican pesos.

	Jun-15			Dec-14
Assets
Current Assets
Cash, cash equivalents and marketable securities	Ps.	13,529		Ps.	12,958
Total accounts receivable		7,637			10,339
Inventories		7,249			7,819
Other current assets		6,002			7,012
Total current assets		34,417			38,128
Property, plant and equipment
Property, plant and equipment		78,577			81,354
Accumulated depreciation		(29,885	)		(30,827	)
Total property, plant and equipment, net		48,692			50,527
Investment in shares		17,642			17,326
Intangibles assets and other assets		93,716			97,024
Other non-current assets		13,119			9,361
Total Assets	Ps.	207,586		Ps.	212,366

		Jun-15			Dec-14
Liabilities and Equity
Current Liabilities
Short-term bank loans and notes payable	Ps.	3,575		Ps.	1,206
Suppliers		11,536			14,151
Other current liabilities		13,765			13,046
Total current liabilities		28,876			28,403
Long-term bank loans and notes payable		65,928			64,821
Other long-term liabilities		8,039			9,024
Total liabilities		102,843			102,248
Equity
Non-controlling interest		4,218			4,401
Total controlling interest		100,525			105,717
Total equity ⁽¹⁾		104,743			110,118
Total Liabilities and Equity	Ps.	207,586		Ps.	212,366

⁽¹⁾ Includes the effect originated by using the state-run SIMADI exchange rate of 197.30 bolivars per U.S. dollar.

July 23, 2015

Page 10

Mexico & Central America Division

Expressed in millions of Mexican pesos⁽¹⁾

	2Q15			% Rev			2Q14		% Rev			Reported Δ%			Comparable Δ% ⁽⁷⁾			YTD 15			% Rev			YTD 14		% Rev			Reported Δ%			Comparable Δ% ⁽⁷⁾
Volume (million unit cases)		504.8						506.8					-0.4	%		-0.4	%		944.5						948.1					-0.4	%		-0.4	%
Average price per unit case		40.23						37.52					7.2	%		5.0	%		39.53						37.20					6.3	%		4.3	%
Net revenues		20,307						19,012					6.8	%		4.6	%		37,333						35,266					5.9	%		3.9	%
Other operating revenues		15						35					-57.1	%		-55.9	%		22						41					-46.3	%		-46.3	%
Total revenues ⁽²⁾		20,322			100.0	%		19,047		100.0	%		6.7	%		4.5	%		37,355			100.0	%		35,307		100.0	%		5.8	%		3.9	%
Cost of goods sold		9,697			47.7	%		9,198		48.3	%		5.4	%		2.9	%		18,176			48.7	%		17,354		49.2	%		4.7	%		2.6	%
Gross profit		10,625			52.3	%		9,849		51.7	%		7.9	%		6.0	%		19,179			51.3	%		17,953		50.8	%		6.8	%		5.1	%
Operating expenses		6,651			32.7	%		6,232		32.7	%		6.7	%		4.7	%		12,628			33.8	%		12,002		34.0	%		5.2	%		3.4	%
Other operative expenses, net		125			0.6	%		112		0.6	%		11.6	%		10.6	%		266			0.7	%		142		0.4	%		87.3	%		87.3	%
Operative equity method (gain) loss in associates ⁽³⁾⁽⁴⁾		(162	)		-0.8	%		135		0.7	%		NA			NA			(115	)		-0.3	%		229		0.6	%		NA			NA
Operating income ⁽⁵⁾		4,011			19.7	%		3,370		17.7	%		19.0	%		17.0	%		6,400			17.1	%		5,580		15.8	%		14.7	%		13.1	%
Depreciation, amortization & other operative non-cash charges		1,010			5.0	%		1,310		6.9	%		-22.9	%		-24.2	%		2,195			5.9	%		2,377		6.7	%		-7.7	%		-9.0	%
Operative cash flow ⁽⁵⁾⁽⁶⁾		5,021			24.7	%		4,680		24.6	%		7.3	%		5.5	%		8,595			23.0	%		7,957		22.5	%		8.0	%		6.5	%

⁽¹⁾

Except volume and average price per unit case figures.

⁽²⁾

Includes total revenues of Ps. 17,659 million from our Mexican operation.

⁽³⁾

Includes equity method in Jugos del Valle, Coca-Cola Bottlers Philippines, Inc. and Estrella Azul, among others.

⁽⁴⁾

As of February 2013, we are incorporating our stake of the results of Coca-Cola Bottlers Philippines, Inc. through the equity method on an estimated basis in this line.

⁽⁵⁾

The operating income and operative cash flow lines are presented as non-gaap measures for the convenience of the reader.

⁽⁶⁾

Operative cash flow = operating income + depreciation, amortization & other operative non-cash charges.

⁽⁷⁾

July 23, 2015

Page 11

South America Division excluding Venezuela

Expressed in millions of Mexican pesos⁽¹⁾

	2Q15			% Rev			2Q14			% Rev			Excluding Venezuela Δ%			Comparable Δ% ⁽⁷⁾			YTD 15			% Rev			YTD 14			% Rev			Excluding Venezuela Δ%			Comparable Δ% ⁽⁷⁾
Volume (million unit cases)		284.7						281.6						1.1	%		1.1	%		594.1						599.4						-0.9	%		-0.9	%
Average price per unit case		47.79						47.31						1.0	%		14.9	%		47.41						46.49						2.0	%		12.5	%
Net revenues		15,074						14,876						1.3	%		13.6	%		31,528						31,131						1.3	%		10.5	%
Other operating revenues		85						38						123.7	%		150.0	%		199						83						139.8	%		155.1	%
Total revenues ⁽²⁾		15,159			100.0	%		14,914			100.0	%		1.6	%		14.0	%		31,727			100.0	%		31,214			100.0	%		1.6	%		10.9	%
Cost of goods sold		8,853			58.4	%		9,019			60.5	%		-1.8	%		10.4	%		18,598			58.6	%		18,646			59.7	%		-0.3	%		9.0	%
Gross profit		6,306			41.6	%		5,895			39.5	%		7.0	%		19.5	%		13,129			41.4	%		12,568			40.3	%		4.5	%		13.7	%
Operating expenses		4,787			31.6	%		4,641			31.1	%		3.1	%		15.4	%		9,583			30.2	%		9,446			30.3	%		1.5	%		10.6	%
Other operative expenses, net		70			0.5	%		(21	)		-0.1	%		NA			NA			110			0.3	%		(2	)		0.0	%		NA			NA
Operative equity method (gain) loss in associates ⁽³⁾⁽⁴⁾		(16	)		-0.1	%		(36	)		-0.2	%		-55.6	%		-48.4	%		(74	)		-0.2	%		(63	)		-0.2	%		17.5	%		36.4	%
Operating income ⁽⁵⁾		1,465			9.7	%		1,311			8.8	%		11.7	%		24.0	%		3,510			11.1	%		3,187			10.2	%		10.1	%		19.5	%
Depreciation, amortization & other operative non-cash charges		637			4.2	%		663			4.4	%		-3.9	%		7.6	%		1,227			3.9	%		1,309			4.2	%		-6.3	%		2.4	%
Operative cash flow ⁽⁵⁾⁽⁶⁾		2,102			13.9	%		1,974			13.2	%		6.5	%		18.6	%		4,737			14.9	%		4,496			14.4	%		5.4	%		14.5	%

⁽¹⁾

Except volume and average price per unit case figures.

⁽²⁾

Sales volume and average price per unit case exclude beer results.

⁽³⁾

Includes total revenues of Ps. 8,811 million from our Brazilian operation.

⁽⁴⁾

Includes equity method in Leao Alimentos, among others.

⁽⁵⁾

The operating income and operative cash flow lines are presented as non-gaap measures for the convenience of the reader.

⁽⁶⁾

Operative cash flow = operating income + depreciation, amortization & other operative non-cash charges.

⁽⁷⁾

Venezuela Operation

Expressed in millions of Mexican pesos⁽¹⁾

	2Q15		% Rev			2Q14		% Rev			Reported Δ%			Comparable Δ% ⁽³⁾			YTD 15		% Rev			YTD 14		% Rev			Reported Δ%			Comparable Δ% ⁽³⁾
Volume (million unit cases)		57.1					57.2					-0.3	%		-0.3	%		118.7					117.5					1.0	%		1.0	%
Average price per unit case		18.75					130.50					-85.6	%		124.0	%		16.54					126.59					-86.9	%		103.5	%
Net revenues		1,070					7,467					-85.7	%		123.4	%		1,963					14,877					-86.8	%		105.5	%
Other operating revenues		-					5					-100.0	%		-100.0	%		-					14					-100.0	%		-100.0	%
Total revenues		1,070		100.0	%		7,472		100.0	%		-85.7	%		122.9	%		1,963		100.0	%		14,891		100.0	%		-86.8	%		105.3	%
Cost of goods sold		509		47.6	%		3,669		49.1	%		-86.1	%		115.7	%		961		49.0	%		7,320		49.2	%		-86.9	%		104.5	%
Gross profit		561		52.4	%		3,803		50.9	%		-85.2	%		129.9	%		1,002		51.0	%		7,571		50.8	%		-86.8	%		106.2	%
Operating expenses		361		33.7	%		2,530		33.9	%		-85.7	%		122.8	%		673		34.3	%		5,419		36.4	%		-87.6	%		93.4	%
Other operative expenses, net		45		4.2	%		211		2.8	%		-78.7	%		221.4	%		94		4.8	%		219		1.5	%		-57	%		571	%
Operating income		155		14.5	%		1,062		14.2	%		-85.4	%		127.9	%		236		12.0	%		1,933		13.0	%		-87.8	%		90.3	%
Depreciation, amortization & other operative non-cash charges		109		10.2	%		526		7.0	%		-79.3	%		220.6	%		201		10.2	%		824		5.5	%		-75.6	%		279.2	%
Operative cash flow ⁽²⁾		264		24.7	%		1,588		21.3	%		-83.4	%		158.8	%		437		22.3	%		2,757		18.5	%		-84.1	%		146.9	%

⁽¹⁾

Except volume and average price per unit case figures.

⁽²⁾

Operative cash flow = operating income + depreciation, amortization & other operative non-cash charges.

⁽³⁾

July 23, 2015

Page 12

South America Division

Expressed in millions of Mexican pesos⁽¹⁾

	2Q15			% Rev			2Q14			% Rev			Reported Δ%			Comparable Δ% ⁽⁷⁾			YTD 15			% Rev			YTD 14			% Rev			Reported Δ%			Comparable Δ% ⁽⁷⁾
Volume (million unit cases)		341.7						338.9						0.9	%		0.9	%		712.8						716.9						-0.6	%		-0.6	%
Average price per unit case		42.94						61.35						-30.0	%		19.3	%		42.27						59.62						-29.1	%		15.6	%
Net revenues		16,144						22,343						-27.7	%		17.5	%		33,491						46,008						-27.2	%		13.6	%
Other operating revenues		85						43						97.7	%		142.9	%		199						97						105.2	%		151.9	%
Total revenues ⁽²⁾		16,229			100.0	%		22,386			100.0	%		-27.5	%		17.8	%		33,690			100.0	%		46,105			100.0	%		-26.9	%		14.0	%
Cost of goods sold		9,362			57.7	%		12,688			56.7	%		-26.2	%		13.4	%		19,559			58.1	%		25,966			56.3	%		-24.7	%		11.6	%
Gross profit		6,867			42.3	%		9,698			43.3	%		-29.2	%		24.3	%		14,131			41.9	%		20,139			43.7	%		-29.8	%		17.4	%
Operating expenses		5,148			31.7	%		7,171			32.0	%		-28.2	%		19.5	%		10,256			30.4	%		14,865			32.2	%		-31.0	%		13.8	%
Other operative expenses, net		115			0.7	%		190			0.8	%		-39.5	%		NA			204			0.6	%		217			0.5	%		-6.0	%		NA
Operative equity method (gain) loss in associates ⁽³⁾⁽⁴⁾		(16	)		-0.1	%		(36	)		-0.2	%		-55.6	%		-48.4	%		(75	)		-0.2	%		(63	)		-0.1	%		19.0	%		36.4	%
Operating income ⁽⁵⁾		1,620			10.0	%		2,373			10.6	%		-31.7	%		29.7	%		3,746			11.1	%		5,120			11.1	%		-26.8	%		22.3	%
Depreciation, amortization & other operative non-cash charges		746			4.6	%		1,189			5.3	%		-37.3	%		19.2	%		1,428			4.2	%		2,133			4.6	%		-33.1	%		14.1	%
Operative cash flow ⁽⁵⁾⁽⁶⁾		2,366			14.6	%		3,562			15.9	%		-33.6	%		26.2	%		5,174			15.4	%		7,253			15.7	%		-28.7	%		20.0	%

⁽¹⁾

Except volume and average price per unit case figures.

⁽²⁾

Sales volume and average price per unit case exclude beer results.

⁽³⁾

Includes total revenues of Ps. 8,811 million from our Brazilian operation.

⁽⁴⁾

Includes equity method in Leao Alimentos, among others.

⁽⁵⁾

The operating income and operative cash flow lines are presented as non-gaap measures for the convenience of the reader.

⁽⁶⁾

Operative cash flow = operating income + depreciation, amortization & other operative non-cash charges.

⁽⁷⁾

July 23, 2015

Page 13

For the three months ended June 30, 2015 and 2014

VOLUME

Expressed in million unit cases

	2Q 15										2Q 14
	Sparkling		Water ⁽¹⁾		Bulk Water⁽²⁾		Still		Total		Sparkling		Water ⁽¹⁾		Bulk Water⁽²⁾		Still		Total
Mexico		337.6		26.6		74.3		24.2		462.7		333.3		27.7		80.3		23.1		464.4
Central America		35.1		2.3		0.1		4.5		42.0		35.6		2.4		0.1		4.3		42.4
Mexico & Central America		372.7		28.9		74.4		28.8		504.8		368.9		30.1		80.4		27.4		506.8
Colombia		54.7		6.5		6.8		8.3		76.2		53.5		5.9		6.8		7.4		73.5
Venezuela		49.6		3.6		0.3		3.7		57.1		49.9		2.7		0.2		4.4		57.2
Brazil		137.6		8.5		1.0		8.0		155.2		143.4		7.9		1.0		8.4		160.7
Argentina		44.8		4.8		0.4		3.2		53.3		41.7		3.5		0.1		2.1		47.4
South America		286.8		23.3		8.5		23.2		341.7		288.5		19.9		8.2		22.2		338.9
Total		659.4		52.3		82.9		52.0		846.5		657.4		50.0		88.6		49.6		845.6

⁽¹⁾ Excludes water presentations larger than 5.0 Lt ; includes flavored water

⁽²⁾ Bulk Water = Still bottled water in 5.0, 19.0 and 20.0 - liter packaging presentations; includes flavored water

TRANSACTIONS

Expressed in million transactions

	2Q 15								2Q 14
	Sparkling		Water		Still		Total		Sparkling		Water		Still		Total
Mexico		1,978.3		151.2		232.9		2,362.4		1,942.0		183.1		220.9		2,346.1
Central America		290.0		61.2		14.6		365.8		290.1		60.3		14.0		364.4
Mexico & Central America		2,268.3		212.5		247.5		2,728.3		2,232.1		243.5		234.9		2,710.5
Colombia		416.0		78.2		66.8		561.0		423.2		66.3		54.3		543.8
Venezuela		259.6		32.2		35.2		327.0		256.8		25.1		39.6		321.5
Brazil		876.8		73.2		94.6		1,044.6		910.7		70.7		102.5		1,083.9
Argentina		204.7		26.2		23.9		254.8		185.4		19.5		17.5		222.4
South America		1,757.1		209.8		220.4		2,187.3		1,776.2		181.6		213.8		2,171.6
Total		4,025.3		422.3		467.9		4,915.5		4,008.2		425.0		448.8		4,882.0

July 23, 2015

Page 14

For the six months ended June 30, 2015 and 2014

VOLUME

Expressed in million unit cases

	YTD 15										YTD 14
	Sparkling		Water ⁽¹⁾		Bulk Water⁽²⁾		Still		Total		Sparkling		Water ⁽¹⁾		Bulk Water⁽²⁾		Still		Total
Mexico		625.6		54.3		137.3		44.7		861.9		618.4		52.4		151.3		45.3		867.4
Central America		69.0		4.6		0.2		8.8		82.6		67.6		4.7		0.2		8.2		80.7
Mexico & Central America		694.6		59.0		137.4		53.5		944.5		686.0		57.1		151.5		53.5		948.1
Colombia		107.3		12.9		13.8		16.4		150.4		103.5		11.3		14.4		14.1		143.1
Venezuela		102.6		7.3		0.8		8.0		118.7		100.7		6.3		1.1		9.4		117.5
Brazil		290.4		21.1		2.3		16.9		330.8		309.3		20.7		2.6		18.6		351.2
Argentina		94.8		10.5		0.9		6.6		112.9		92.3		7.9		0.2		4.6		105.0
South America		595.2		51.8		17.8		48.0		712.8		605.7		46.2		18.2		46.7		716.9
Total		1,289.8		110.8		155.3		101.6		1,657.4		1,291.7		103.3		169.7		100.3		1,665.0

⁽¹⁾ Excludes water presentations larger than 5.0 Lt ; includes flavored water

⁽²⁾ Bulk Water = Still bottled water in 5.0, 19.0 and 20.0 - liter packaging presentations; includes flavored water

TRANSACTIONS

Expressed in million transactions

	YTD 15								YTD 14
	Sparkling		Water		Still		Total		Sparkling		Water		Still		Total
Mexico		3,709.6		308.1		429.0		4,446.7		3,651.9		349.3		426.5		4,427.7
Central America		566.5		120.3		29.7		716.5		556.2		116.4		27.7		700.4
Mexico & Central America		4,276.1		428.4		458.7		5,163.2		4,208.1		465.7		454.3		5,128.1
Colombia		822.1		159.2		135.4		1,116.7		805.6		132.5		108.6		1,046.7
Venezuela		535.1		64.7		75.2		674.9		517.6		57.6		82.8		658.1
Brazil		1,847.5		179.6		198.6		2,225.7		1,952.8		182.8		225.5		2,361.1
Argentina		422.2		56.8		47.8		526.8		405.2		43.8		35.5		484.5
South America		3,627.0		460.2		456.9		4,544.1		3,681.3		416.7		452.4		4,550.4
Total		7,903.1		888.6		915.6		9,707.4		7,889.4		882.4		906.7		9,678.5

July 23, 2015

Page 15

June 2015

Macroeconomic Information

	Inflation ⁽¹⁾
	LTM			2Q 2015			YTD

Mexico		2.87	%		-0.59	%		-0.09	%
Colombia		4.42	%		0.91	%		3.33	%
Venezuela ⁽²⁾		78.20	%		15.35	%		35.79	%
Brazil		8.89	%		2.26	%		6.17	%
Argentina		14.96	%		3.17	%		6.70	%

⁽¹⁾ Source: inflation is published by the Central Bank of each country.

⁽²⁾ Inflation based on unofficial publications.

Average Exchange Rates for each Period

	Quarterly Exchange Rate (local currency per USD)							YTD Exchange Rate (local currency per USD)
	2Q 2015		2Q 2014		Δ%			YTD 2015		YTD 2014		Δ%

Mexico		15.3106		13.0030		17.7	%		15.1200		13.1193		15.3	%
Guatemala		7.6760		7.7635		-1.1	%		7.6560		7.7722		-1.5	%
Nicaragua		27.0865		25.7967		5.0	%		26.9236		25.6416		5.0	%
Costa Rica		539.5900		557.3435		-3.2	%		540.7843		545.3068		-0.8	%
Panama		1.0000		1.0000		0.0	%		1.0000		1.0000		0.0	%
Colombia		2,495.3319		1,914.3174		30.4	%		2,483.2572		1,961.1878		26.6	%
Venezuela		197.8630		10.0778		1863.4	%		147.2344		8.9770		1540.1	%
Brazil		3.0722		2.2297		37.8	%		2.9678		2.2969		29.2	%
Argentina		8.9521		8.0565		11.1	%		8.8207		7.8415		12.5	%

End of Period Exchange Rates

	Exchange Rate (local currency per USD)							Exchange Rate (local currency per USD)
	Jun 2015		Jun 2014		Δ%			Mar 2015		Mar 2014		Δ%

Mexico		15.5676		13.0323		19.5	%		15.1542		13.0837		15.8	%
Guatemala		7.6245		7.7786		-2.0	%		7.6449		7.7278		-1.1	%
Nicaragua		27.2497		25.9521		5.0	%		26.9203		25.6384		5.0	%
Costa Rica		540.9700		548.6600		-1.4	%		539.0800		553.6300		-2.6	%
Panama		1.0000		1.0000		0.0	%		1.0000		1.0000		0.0	%
Colombia		2,585.1100		1,881.1900		37.4	%		2,576.0500		1,965.3200		31.1	%
Venezuela ⁽¹⁾		197.2980		10.6000		1761.3	%		192.9537		10.7000		1703.3	%
Brazil		3.1026		2.2025		40.9	%		3.2080		2.2630		41.8	%
Argentina		9.0880		8.1330		11.7	%		8.8220		8.0020		10.2	%

⁽¹⁾ Venezuela's exchange rate based on SIMADI for 2015 and SICAD for 2014

v v v

Stock listing information

Mexican Stock Exchange, Ticker: KOFL | NYSE (ADR), Ticker: KOF | Ratio of KOF L to KOF = 10:1

Coca-Cola FEMSA, S.A.B. de C.V. produces and distributes Coca-Cola, Fanta, Sprite, Del Valle, and other trademark beverages of The Coca-Cola Company in Mexico (a substantial part of central Mexico, including Mexico City, as well as southeast and northeast Mexico), Guatemala (Guatemala City and surrounding areas), Nicaragua (nationwide), Costa Rica (nationwide), Panama (nationwide), Colombia (most of the country), Venezuela (nationwide), Brazil (greater São Paulo, Campiñas, Santos, the state of Mato Grosso do Sul, the state of Paraná, part of the state of Goias, part of the state of Rio de Janeiro and part of the state of Minas Gerais), Argentina (federal capital of Buenos Aires and surrounding areas) and Philippines (nationwide), along with bottled water, juices, teas, isotonics, beer, and other beverages in some of these territories. The Company has 64 bottling facilities and serves more than 351 million consumers through more of 2,800,000 retailers with more than 120,000 employees worldwide.

Investor Relations:

Roland Karig

roland.karig@kof.com.mx

(5255) 1519-5186

José Manuel Fernández

josemanuel.fernandez@kof.com.mx

(5255) 1519-5148

Tania Ramirez

tania.ramirez@kof.com.mx

(5255) 1519-5013

Website: www.coca-colafemsa.com

July 23, 2015

Page 16