Becle, S.A.B. de C.V.

Good morning, and thank you for joining Beckley's second quarter unaudited financial results call. During this call, you may hear certain forward-looking statements. These statements may relate to our future prospects, developments, and business strategies, and may be identified by our use of terms and phrases such as anticipate, believe, could, estimate, expect, intend, may, plan, predict, project, will, plan. goals, target, strategy, and similar terms and phrases. It may include references to assumptions. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy, and other future conditions. Because forward-looking statements relate to the future by their nature, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict. Our actual results may differ materially from those in forward-looking statements. For all the foregoing reasons, you are cautioned against relying on such forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Now I'll welcome Mariana Rojo, Corporate Treasurer and Investor Relations Director.

Good morning, everyone. I'm Mariana Rojo, Corporate Treasurer and Investor Relations Director. Thank you for joining us to discuss the unaudited financial results for the quarter ended June 30th, 2020 of Beckley, commercially known as Jose Cuervo. I am joined today by Juan Domingo Beckman, Chief Executive Officer, Michael Kidd, President and CEO of Proxima Spirits, Steve Shanley, Senior VP of Commercial Strategy for Proxima, Luis Felix, Managing Director of Mexico and LATAM, Gordon Drone, Managing Director of INEA and IPAC regions, and Fernando Suarez, CFO. Before we begin, I would like to remind you that the figures discussed on this call were prepared in accordance with the International Financial Reporting Standards, or IFRS, and published in the Mexican Stock Exchange. The information for the second quarter of 2020 is preliminary and is provided with the understanding that Once financial statements are available, updated information will be shared in the appropriate electronic format. At this time, I would like to remind participants that your lines will be in listening mode only until the Q&A session. Now, I will pass the call on to Mr. Juan Domingo Beckman.

Good morning, and thank you for joining us today to discuss Beckler's second quarter results. All of us at Beckley hope that each and every one of you continue to remain safe and healthy, and we hope you are all successfully navigating the unprecedented and challenging times. I will begin with opening comments, and then I will ask my keys to discuss performance of our U.S. and Canada business units. Luis Felix will review our Mexico and Latin American results. Gordon Drone will discuss our results in the EMEA and APAC regions. And Fernando Suarez will then walk you through our financial results. The second quarter had both challenges and opportunities across our regions. We continue to face the global COVID-19 pandemic. creating an environment that has proven to be a challenge in every aspect of our lives, and we are hopeful we have started moving towards recovery. But are cautious, and we continue to navigate these ever-changing landscapes towards the new normal, whatever that is. At Declay, we continue to support and monitor our supply chain by closely working with our vendors and distribution partners to ensure we can support our customers globally. The safety of our supply chain, customers, and employees remains at the forefront of every decision. Many of our employees continue to work remotely from home while maintaining their normal business duties. We have taken extra precautions for those who need to be present in our production facilities and continue to follow all global guidelines and mandates by region to ensure everyone's health and well-being. During the second quarter, as you will hear in more detail in a minute, we have seen two radically different outcomes in our regions, conditions and reactions to the current environment from market to market. Globally, we saw impacts from closures of on-premise channels worldwide, as they have been mostly shut down through the quarter. However, this was partially offset by strong growth of funds of off-premise sales in key markets, like the U.S. and Canada, where we managed a portfolio of strong brands in right categories, driving a consolidated net sales increase of 25% and volume increase of 10% year over year. We continue to hold a strong financial position with a solid balance sheet and ample liquidity to better navigate these uncertain times. The strength of our brands and our portfolio recognition in the off-premise channel in certain markets have allowed us to be strategically well positioned to weather this storm, adapt quickly to the changing environment, as well as deliver strong financial performance in the first half of the year. We acknowledge the challenges the market presents today, but are confident on our ability to maintain our growth and our ability to premiumize the portfolio of brands in the long term. Now let me turn the call over to Mike Keyes to discuss our U.S. and Canada results.