Jose Cuervo Financial Overview slide image

Jose Cuervo Financial Overview

9 Full Year 2023 Guidance Jose Cuervo As of January 17th, 2024 Items provided below are based on the Company's current estimates and are not a guarantee of future performance. • There could be significant risks and uncertainties that could cause actual results to differ materially, including the risk factors discussed in the Company's reports on file with the Comisión Nacional Bancaria y de Valores (Mexican National Banking and Securities Commission). • Becle undertakes no duty to update any forward-looking statements or estimates. Full Year 2023 Consolidated Net Sales Value Consolidated Capital Expenditures (1) Advertising, marketing and promotion (AMP) Exchange Rate (USD/MXN) Notes: Mid-to-high single digit growth "area" (constant currency) Low single digit decrease “area” (functional currency) US$160-180 million "area" Range of 21% to 23% of Net Sales 17.79 average and 16.90 end-of-period (1) Consolidated Capital Expenditures are comprised of distillery expansion capabilities (Tequila and other spirits), aging and warehousing, in order to support our long-term growth plan, and other normal and customary capital expenditures. 18
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