Investor Presentaiton
Increasing Cash to Shareholders Over Time...
...while retaining strategic and financial flexibility
Ordinary Dividend
(Millions of Mexican Pesos)
CAGR
10%
FEMSA
50%
40%
22%
10,360
41%
47%
9,692
9,221
N/A
44%
8,636
8,355
32%
42%
40%
7,687
7,350
6,684
6,684
34%
6,200
26%
4,600
2,600
Payout
Ratio
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Net Debt/
EBITDA
-0.1 x
0.0 x
0.0 x
1.2 x
1.1 x
1.2 x
1.6 x
0.4 x
1.0 x
1.1 x(¹) 1.9 x(1)
I
Note:
Dividend figures are in Mexican pesos. Payout ratio figures are the division of the dividend between previous year net majority income. 2010 net majority income
does not include Heineken transaction effect. 2011 and thereafter figures are under International Financial Reporting Standards ("IFRS").
1) Includes leases, in accordance with IFRS-16
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