Becle Company Presentation

From a Net Debt Perspective, Contemplated Transaction is Essentially Leverage Neutral Jose Cuervo Sources and Uses As of 2Q21 | US$ MM (1) New Sr. Notes Total Sources Capitalization Financial Debt Profile 2025 Sr. Notes New Sr. Notes Bank Loan Total Financial Debt Weighted Average Life (3) (Years) Lease Liabilities Total Debt/ LTM PF EBITDA (6) Cash Net Debt/ LTM PF EBITDA (6) Notes: 1. Converted at an FX of Ps$ 19.8027 2. For illustrative purposes 3. Assuming 70% participation in the 2025 notes tender offer Sources 800 (2) Bank Loan Repayment Repurchase of 2025 Sr. Notes (3) Tender Premium Paid on 2025 Sr. Notes (4) General Corporate Purposes 800 Total Uses 2Q21 499 (5) Uses 150 350 34 266 800 Adjustment (350) 2Q21 Pro Forma 150 (3) 800 150 800 (150) 650 300 950 3.1 9.5 107 107 1.8x 2.5x 356 266 (4) 622 (4) 0.9x 1.0x Conservative leverage profile, remaining the strongest among peers 4. Assumes payent of tender premium at MW of 109.867% as of September 24, 2021 5. Includes current portion of Sr. Notes 6. Pro forma EBITDA to exclude a non-recurring AMP accrual related to continuing promotional activities for acquired intellectual property as part of the Eire Born Spirits ("EBS") transaction closing in April 2021 15

View entire presentation