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

Good morning, everyone, and thank you for joining Bekla'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 the use of terms and phrases such as anticipate, believe, could, estimate, expect, intend, may, plan, predict, project, will, goals, targets, 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 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 would like to welcome Fernando Suarez, the Chief Financial Officer. Fernando, you are now on the line. Please go ahead.

Good morning, everyone. Thank you for joining us to discuss the unaudited financial results for the second quarter ended June 30th, 2022, of Beckley, commercially known as Jose Cuervo. We are joined today by Juan Domingo Beckman, Chairman and Chief Executive Officer, and the rest of the senior management team. Before we begin, we 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 on the Mexican Stock Exchange. This information for the second quarter of 2022 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 listen-only mode until the question and answer session. Now, I will pass the call on to Beckless' CEO, Mr. Fondamingo Beckman.

Good morning, and thank you for joining us today as we discuss Beckless' second quarter 2022 results. Our regions posted solid numbers, and our portfolio proved once more to be resilient against several headwinds. such as the recent milder surge of COVID cases, especially affecting the EMEA and APAC regions, and supply chain issues, mostly related to glass. Despite these challenges, our brands continue to gain favor with the consumers, allowing us to build on previous quarter's momentum. We have also managed to take price in our portfolio across all regions year to date. Moving on to the overall results for the quarter, Total volume and net sales value grew by 11.4% and 18.9% year-over-year, respectively. We'll continue to prioritize our tequila portfolio and are encouraged by the outlook for the category and our leading market position to take advantage of this trend. The U.S. and Canada region have continued to post strong on-premise results thanks to higher demand in bars and restaurants. In addition, our premiumization strategy has paid off as product mix in the region favored tequila, once again, while ultra-premium brands posted double-digit growth. However, challenges specific to the region include industry-wide supply chain impacts, inflationary pressures on specific inputs, and a competitive market in the RTD segment. The results for Mexico and Latin for the quarter were very positive, driven in part by strong on-premise sales as most restrictions were lifted by our tequila portfolio, which was prioritized in the face of supply chain constraints. Looking to the EMEA and APAC regions, strong results were also driven by broad on-premise channel reopening in most countries. The continued growth of demand for tequila, helped by the execution of our premiumization strategy throughout the region. Given the still challenging macro and operating environment this quarter, we are very pleased with our results. We continue to see high growth trends for the premium tequila category and are enthusiastic about our ability to further capitalize on this trend and grow our market share in our regions. I will now turn the call over to Luis Felix to discuss our U.S. and Canada results in detail.