H1 2019 Financial Performance and Strategic Overview

Disclaimer Jose Cuervo This presentation has been prepared by Becle, S.A.B. de C.V. ("Becle", "Cuervo" or the "Company") for informational purposes. Nothing in this presentation is intended to be taken by, or should be taken by, any individual recipient as investment advice, a recommendation to buy, hold or sell any security, or an offer to sell or a solicitation of offers to purchase any security. Although the information presented in this presentation has been obtained from sources that Becle believes to be reliable, Becle does not make any representation as to its accuracy, validity, timeliness or completeness for any purpose. No representation or warranty express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. Certain of the information contained in this presentation represents or is based upon forward looking statements or information. These forward-looking statements may relate to Becle's financial condition, results of operations, plans, objectives, future performance and business, including, but not limited to, statements with respect to general macroeconomic conditions, consumer preferences, competition and availability of raw materials. All statements contained in this presentation that are not clearly historical in nature are forward-looking, and the words "anticipate,” “believe,” “continues," "expect," "estimate," "intend," "project" and similar expressions and future or conditional verbs such as "will," "would," "should," "could," "might," "can," "may" or similar expressions are generally intended to identify forward-looking statements. The information in this presentation, including but not limited to forward-looking statements, applies only as of the date of this presentation and is not intended to give any assurance as to future results. Becle expressly disclaims any obligation or undertaking to update or revise the information, including any financial data and forward-looking statements, and will not publicly release any revisions they may make to this presentation that may result from events or circumstances arising after the date of this presentation. BOODLES GIN LONDON DRY Hangar 1 1 Three Olives. VODKA VODKA COLORADO WISEEP KRAKEN Jose Cuervo Especial Jose Cuervo TRADICIONAL CENTENARIO MAESTRO 1800 BUSHMILLS Jose Cuervo TEQUILERO Stranahan's TINCUP 2 TEQUILA

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