RESULTS SUMMARY

Ticker

Report

Results (MXN Million)202220212020201920182017201620152014
Revenue4,3574,1613,6513,7453,4023,1232,7522,5692,307
Gross Profit*1,3151,2101,0881,2401,1101,000887793692
Operating income708643567756669625544499409
Comprehensive Financial Result**(145)(146)(127)(129)(128)(67)(45)(48)(41)
EBITDA757690615793763717627581480
Net Income412379343523508439369323277

*Includes capitalized interests in cost of sales.

**Does not include capitalized interests in cost of sales.

Financial Position

Financial Position (MXN million)202220212020201920182017201620152014
Total Assets9,8819,5129,2417,9316,4065,1214,3093,3563,009
Cash, Cash Equivalents and Restricted Cash7118441,293252330284218213234
Total Debt2,8232,7682,8932,3462,0171,253895899883
Total Liabilities 5,2845,1434,9234,3153,5572,5762,0021,8731,711
Equity4,5964,3694,3193,5462,8492,5452,3071,4831,298

Cash Flow

Cash Flow (MXN Million) 202220212020201920182017201620152014
Earnings Before Tax562497440631614557499455369
Cash Flow From (Used In) Operating Activities463239169(1023)(866)(109)(274)251175
Cash Flow From Investment Activities(121)(49)(35)(33)(98)(20)(47)(89)(18)
Cash Flow From Financing Activities(475)(640)907185247(23)326(184)(128)
Cash and Cash Equivalents at the Beginning of the Period8441,293252330284218213234205
Increase (Decrease) in Cash and Cash Equivalents(133)(449)1,041(77)46665(22)29
Cash and Cash Equivalents at the End of the Period7118441,293252330284218213234

Growth and Profitability

Growth and Profitability (Percentage)202220212020201920182017201620152014
Revenue Growth4.7%14.0%(2.5%)10.1%8.9%13.5%7.1%11.4%22.6%
EBITDA Growth9.7%12.3%(29.7%)3.9%6.3%14.5%7.9%20.9%34.1%
Gross Margin30.2%29.1%29.8%33.1%34.5%32.0%32.2%30.9%29.9%
Operating Margin16.2%15.5%15.5%16.8%18.0%20.0%19.8%19.4%17.7%
EBITDA Margin17.4%16.6%16.8%21.2%22.4%23.0%22.8%22.6%20.8%
Net Margin9.5%9.1%9.4%14.0%14.9%14.1%13.4%12.6%12.0%

Financial Ratios

Financial Ratios (Times) 20222021202020192018201720162015
Current Assets/ Current Liabilities3.353.293.793.703.423.603.704.28
Current Assets/ Total Liabilities1.010.960.951.080.911.221.431.38
Total Liabilities/ Shareholders’ Equity1.151.181.141.221.251.010.871.26
Gross Debt/ EBITDA LTM3.734.014.712.962.641.751.431.55
Net Debt/ EBITDA LTM2.792.792.602.642.211.351.081.18
Net Debt/Equity 0.460.440.370.590.590.380.290.46
Cobertura de intereses*5.516.347.706.155.965.285.765.16
ROE (%)9.2%8.6%8.6%16.2%18.8%18.1%19.4%23.3%
ROIC (%)**11.7%11.3%10.6%15.6%18.9%22.1%24.3%28.2%

*Includes financial costs net of capitalized interests.

**Invested capital was calculated using Working Capital as denominator.