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

Good morning, and thank you for joining Beckman's fourth quarter unaudited financial results call. During this call, you may hear certain forward-looking statements. These statements may relate to our future prospects, development, and business strategies, and may be identified by our use of terms and phrases such as anticipated, believe, could, expect, intend, may, plan, predict, project, will, goals, target, strategy, and similar terms and phrases. and 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, and 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 will welcome Mariana Rojo, Corporate Treasurer and Investor Relations Director. Ms., you are now on the line.

Thank you. 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 fourth quarter ended December 31st, 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 EMEA and AIPAC, and Fernando Suarez, Chief Financial Officer. Before we begin, I would like to remind you that the figures discussed on this call were prepared in accordance with International Financial Reporting Standards, or IFRS, and published in the Mexican Stock Exchange. The information for the fourth 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 listen-only mode until the question-and-answer session. Now, I will pass the call on to Beckless CEO, Mr. Juan Domingo Beckman.

Good morning. Thank you for joining us today to discuss Beckler's fourth quarter and full year 2020 results. I hope you and your families are all keeping safe and healthy during these difficult times. I will make some open comments and then, as usual, I will ask my keys to discuss the performance of our U.S. and Canada business. Ms. Felix will review our Mexico and Latin results, and Gordon-John will discuss our results in EMEA and APAC regions. Fernando Suarez will then walk you through our financial results. As the year ended, we continued to face challenges in several of our markets as a result of the COVID-19 pandemic. Yet, as they did throughout the year, our management was able to adapt effectively to the rapidly changing conditions. This allowed us to continue to execute our business plan efficiently. And then the year with sequential improvements in most of our categories. During the fourth quarter, Becquette continued to operate in a difficult business environment, similar to what has been discussed in previous calls. In the U.S., we have consolidated our position in fast-growing categories, and by focusing in the off-premise channel, we have been able to weather the negative impact the pandemic has had on the on-premise channels in some categories. I also believe our results demonstrate the strength of our brands across different price segments. We continue to deliver growth in categories that have been showing significant strength throughout the year, such as tequila and RTDs, propelled by the popularity and convenience in dynamic markets for the spirits category. We finished the year with strong volume growth in our tequila portfolio, where we increased price to our distributors in the United States. Results in Mexico and Latin for 2020 faced several challenges, such as down on alcohol, restrictions on travel, and closing of on-premise locations. And ended the year with double-digit declines in volume. As for the quarter, we had an easier come from 4Q19, and as you can see, some quarter improvement in some indicators. The negative impact from the pandemic can still be seen across our portfolio. As for EMEA and APAC, results were negatively impacted by a third round of lockdowns during 2020 in most of the countries. These, as we saw in previous lockdowns, impacted almost all categories, but even more so in categories that are most reliant on the on-trend channels such as tequila. Considering all this together, Bentley was able to deliver 18% top-line growth for the year. We were also able to post-growth profit and net income growth of 17% and 39% for full year respectively. I am proud of the company for being able to achieve these strong results, given all the challenges our business faced. Looking forward, while the ongoing difficulties with on-premise sales are likely to remain for the immediate future, we remain hopeful that as the world recovers, some geographies will begin to normalize from a social and economic standpoint towards the second half of the year. Although the environment and outlook are unusually certain right now, we are confident we will continue to adapt successfully as circumstances evolve, as we did in 2020. Specifically, we are confident that our portfolio of leading brands, which is focused on high growth spirits categories and enjoys a global distribution network, will allow us to continue generating value for our shareholders. Now let me turn the call over to Mike Keyes to discuss our U.S. and Canada results.