Investor Presentaiton
Becle's Outstanding Performance Makes it Today a Stronger
Credit than in 2015
Jose Cuervo
2015
Becle's last bond
issuance
NSV/Case (1) US$51
18.2MM
1.4X
25.5MM
of 9 Liter Cases
of 9 Liter Cases
933 MM
2.1X
Net Sales (US$) (2)
1,915 MM
Net Sales (US$) (2)
Net Sales by Region
246 MM
1.6X
EBITDA (US$) (2)
386 MM
EBITDA (US$) (2)
Row
12%
Mexico
24%
US and
Canada
64%
Notes:
1. Net sales/ 9 Liter Cases
2. FX: Ps$ 20.58 = US$
1.8x
Debt/ EBITDA
2.3x
2021
NSV/Case (1) US$75
Debt/ EBITDA
Mexico
21%
Private
39.1%(4)
3.0x
Outperformance
vs. the IPC
9.0 Bn
US$ (2) Market Cap (3)
Supported by solid corporate
governance, including 73%
independent board members
3. As of December 31, 2021
4. Performance since IPO (February 9, 2017)
Focus on brand
premiumization
Net Sales by Region
Row
14%
US and
Canada
65%
More favorable
exposure to the largest
spirits' profit pool
2View entire presentation