H1 2019 Financial Performance and Strategic Overview
Track record of sustainable growth
Combined Volume
(000s of 9 Liter Cases)
CAGR 13A-18A: 8.4%
20,424 20,491
21,279
17,274
18,248
14,210
Combined Net Sales
(Ps$MM)(1)
CAGR 13A 18A: 18.0%
Jose Cuervo
28,158
25,958
24,396
18,475
15,314
12,305
2013A
2014A
2015A
2016A
2017A
2018A
2013A
2014A
2015A
2016A
2017A
2018A
Combined EBITDA (2) and Margin
(Ps$MM)
Cash Flow Conversion (3)
Margin (21.8% 23.9% 26.3% 24.8% 27.6%
CAGR 13A-18A: 17.8%
21.6%
(%)
Capex
(Ps$ MM)
$655 $840
$544
$829
$1066 $827
7,161
6,040
6,074
88.8% 86.3% 85.1%
86.0%
4,864
75.5% 77.0%
3,659
2,679
2013A 2014A
2015A
2016A
2017A
2018A
2013A
2014A 2015A 2016A 2017A
2018A
Source: Company combined financials statements, Company information
Notes:
1. 2015A Considers pro forma 10 months of Bushmills
2. EBITDA calculated as net income plus interest expense, income tax expense and depreciation and amortization, less gain on sale of joint venture available for sale, interest income, foreign exchange loss (gain), net, and equity method in
joint venture
3. Calculated as (EBITDA-Capex)/EBITDA
BOODLES
BRITISH
GIN
LONDON DRY
Hangar
Three Olives.
KRAKEN
Jose Cuervo
Jose Cuervo
VODKA
Especial
TRADICIONAL
COLORADO WHISKE
CENTENARIO
MAESTRO
1800
BUSHMILLS
Stranahan's
Jose Cuervo
TEQUILERO
TINCUP
TEQUILA
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