H1 2019 Financial Performance and Strategic Overview
Statement of comprehensive income - Unaudited
Jose Cuervo
Six months ended June 30, 2019
Six months ended June 30, 2018
Year over year variance
(U.S. $)(1)
(Pesos)
% of net sales
(Pesos)
% of net sales
$
69
%
(Figures in millions, except per share amounts)
Net sales
639
12,247
11,483
763
6.6
Cost of goods sold
295
5,657
46.2
4,452
38.8
1,206
27.1
Gross profit
344
6,589
53.8
7,032
61.2
(442)
(6.3)
Advertising, marketing and promotion
139
2,667
21.8
2,551
22.2
116
4.5
Distribution
24
454
3.7
504
4.4
(50)
(10.0)
Selling and administrative
74
1,416
11.6
1,313
11.4
103
7.8
Other (income) expenses, net
(9)
Operating profit
117
Financial results, net
Profit before income taxes
Total income taxes
Consolidated net income
Non-controlling interest
Controlling net income
110
@༤ ༤ ༅ 8 ཆབྱེ
(181)
-1.5
46
0.4
(227)
(496.2)
2,234
18.2
2,618
22.8
(384)
(14.7)
125
1.0
412
3.6
(287)
(69.7)
2,109
17.2
2,206
19.2
(97)
(4.4)
548
4.5
613
5.3
(65)
(10.6)
1,561
12.7
1,593
13.9
(32)
(2.0)
(1)
0.0
0
0.0
NM
NM
82
1,561
12.8
1,592
13.9
1371
(31)
(1.9)
Depreciation and amortization
EBITDA
16
304
244
1
132
2,538
20.7
2,861
24.9
(324)
(11.3)
(1) U.S. dollars translated at 19.1587 Mexican pesos solely for the convenience of the reader
Source: Combined and consolidated financial statements
BOODLES
GIN
Hangar 1
1 Three Olives
KRAKEN
Jose Cuervo
VODKA
Especial
Jose Cuervo
TRADICIONAL
CENTENARIO
MAESTRO
1800
BUSHMILLS
Jose Cuervo
TEQUILERO
LONDON DRY
TEQUILA
COLORADO WISEEP
Stranahan's TINCUP
21
21View entire presentation