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

Good morning, and thank you for joining Beckley's first 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, 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 inherit 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, when they take no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Before we begin, we 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 on the Mexican Stock Exchange. The information for the first quarter of the 2021 is preliminary and is provided with the understanding that once financial statements are available, updated information will be shared in the appropriate electronic formats. At this time, we would like to remind participants that your lines will be in a listen-only mode until the question and answer session. Now, we would like to welcome Mr. Juan Domingo Beckman, Beckman's Chief Executive Officer. Thank you. You may begin.

Juan Domingo Beckman Good morning. Thank you for joining us today to discuss Beckler's first quarter 2021 results. I hope you and your families are all keeping safe and healthy during these difficult times and starting to enjoy a little more freedom in some regions. I will make some opening comments and then I will ask Proxima President and CEO Michael Keyes, along with the Proxima team, to discuss the performance of our U.S. and Canada businesses Ms. Felix will review our Mexico and LATAM results, and Gordon Jones will discuss our results in the INEA and APAC regions. Our CFO, Fernando Suarez, will then walk you through our financial results. The start of 2021 continued to present challenges in many of our markets as a result of the COVID-19 pandemic and related social distancing measures. However, as in previous quarters, we were able to adapt effectively to the difficult and often changing market conditions and continue to execute our business more effectively. As a result, we posted growth in most of our categories and across geographies where we are present. Price increases and stable agave prices have helped significantly improve our profit margins. In the U.S., we continue to see a good performance in the off-premise channel. It was mainly driven by the RTD and Jose Cuadro mix, which continue to perform strongly with consumer preference for convenience products remaining high. We also ended the quarter with significant growth in our tequila portfolio. Results from Mexico and Latin for the quarter were positive, as restrictions started to ease in Mexico as the quarter got underway. My own premise business began to recover. My tequila portfolio and the Boost energy drink brand grew significantly. I once continued to be in high demand and have been able to gain market share. Evalu, EMEA, and APAC both have shown some positive early signs of recovery from the pandemic, even though most markets in Europe and Asia are still in some form of lockdown. Growth was generated across the portfolio, but was particularly strong in whiskey and tequila, where we saw some forward purchasing also positively contributing to our numbers. Considering everything I just mentioned, BACIO delivered 38% top-line year-on-year growth in the quarter, with all regions passing positive revenue growth. Gross profit increased by double digits and operating profit grew by triple digits for the quarter. This trend results in the difficult times on the part of many decisions and strategies we took and executed over recent years. They also demonstrate the winning track record of our experience management team. As we go forward, I am confident that we will continue to navigate the ever-changing global spirits market successfully and build the foundations for continued growth going forward. While comparing pandemic metrics will be complicated going forward, our business is strongly positioned to adapt and capture the new consumer trends in the spirits industry. Specifically, we're confident that our work over the years to build a portfolio of leading, trusted, and desirable brands focused on high-growth spirits categories and supported by Japan's global distribution network will allow us to keep generating value for our shareholders. Now let me call over my keys to discuss our U.S.

and Canada results. Good morning, everyone. We are pleased with our commercial performance in the United States and Canada during the first quarter of 2021. Consumer takeaway in the off-premise channel for our brands in the U.S., as measured by Nielsen, grew over the past three months by 12%, outpacing the total distilled spirits industry, which grew by 6% in the off-premise for the 13 weeks ending March 27, 2021. Proximo's wholesaler depletions were up 17% for the quarter. Our ready-to-drink margarita category performance was very strong, resulting in an organic growth of 38% for the quarter and 44% when we include our new hard seltzer introduction, Plyamar. Our tequila portfolio was up 16% for the quarter, driven by continued strength in our super premium tequilas, and growing over 36% for the quarter. Our whiskey portfolio also grew 18% for the quarter. Proximo strengthened the ready-to-drink or convenience category. Our success with our tequila portfolio and our commitment to our whiskey brand continue to position us well within the industry. Our alcohol-free margarita mix depletions underperformed, declining 16% in the first quarter of 2020, stemming from a supply chain constraint which negatively impacted the depletion volume figures for the quarter. Overall, US and Canada shipments for the first quarter grew 56% over the previous year, and net sales value was up 45% versus last year. We continue to make strong strategic investments in our brands during the first quarter of 2021. The decrease in spend versus prior periods is the result of reduced opportunities to execute local in-store and on-premise programming due to stay at home restrictions. We will likely see more opportunities in the second, third, and fourth quarter as markets and the on-premise continue to open up. We've increased our sponsorship and marketing partnerships and national marketing campaign and remain committed to strong investment in platforms that create enduring connections with our consumers. I will now turn the call over to Luis Felix to discuss Mexico and Latin America results.