Investor Presentaiton
New Issue Concurrent with Liability Management Exercise to
Increase Debt Maturity Profile and Maintain Strong Liquidity
Jose Cuervo
Transaction Rationale
•
Refinance upcoming maturities
and extend debt maturity profile
Weighted average life from
3.1yrs to 9.5yrs (2)
Decrease next 5yr maturities by
~US$500 MM (2)
Maintain large portion of Debt in
USD
Maintain a strong cash position
with over US$622 MM (3) in
balance sheet
Debt Maturity Profile
As of 2Q21 | US$ MM (1)
622 (3)
•
Take advantage of low interest
rates
•
Re-position its remarkable credit
story to investors
Notes:
1. Converted at an FX of Ps$ 19.8027
2. Assuming 70% participation in the 2025 notes tender offer
356
153
150
497
150 (2)
800'
(4)
Cash
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
■Bank Loan Current Portion of Sr. Notes 2025 Sr. notes New Long 10yrs Sr. Notes Pro Forma Maturities
3. Assumes payment of tender premium at MW of 109.867% as of September 24, 2021
4. For illustrative purposes
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