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Becle Company Presentation

6 Best-in-Class Capital Structure & Prudent Financial Policy Whilst Delivering Consistent Growth Jose Cuervo Best-In-Class Credit Metrics Total Debt/ Market Cap (1) 25.2% 15.5% 11.3% 8.6% 6.2% Total Debt/2021 EBITDA 71.3% Diageo Brown-Forman Jose Cuervo Pernod Ricard Constellation Brands Heineken 4.8x 3.3x 3.4x 2.6x 2.3x 2.1x Brown-Forman Jose Cuervo Heineken Constellation Brands Diageo Pernod Ricard Proven Financial Discipline While Executing on a Successful Growth Strategy Ps$ MM 2.0x Net Sales Expansion While Maintaining an Almost Flat Leverage Ratio Acquisitions BUSHMILLS IRISH WHISKEY 18,475 1.8x PENDLETON BLEBO MUICKY 24,396 25,958 28,158 1.7x 35,036 29,705 1.9x 1.6x PROPER TWELVE IRISH WHISKEY (2018-21) $15 2Q21 LTM sales CAGR: 13.9% 37,841 (3) 1.8x 2015 2016 Net sales 1.4x 2017 Total Debt/ LTM EBITDA 1.6x 2018 1.5x 2019 Total Debt / LTM EBITDA (x) (exc. IFRS 16) 1.3x 2020 1.6x (3) 2Q21 Source: Capital IQ, Company Filings. Company Audited Financial Statements and most recent publicly available annual financial statements for our peers. We have included the information presented in this chart for illustrative purposes only and we cannot assure you of the accuracy or comparability of our peers' financial statements. Operating profit may be measured differently by our peers for many reasons, including the fact that entities may differ in their application of accounting principles Notes: 1. As of March 9, 2022 10
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