Highlights

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Rodrigo Wright

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Fundamentals

Comprehensive Income

(Ps. Million) 4Q 20181 3Q 20181 2Q 20181 1Q 20181 20181
Total revenues 269 270 480 296 1,315
Gross profit 126 134 307 151 718
EBITDA 2 21 15 179 34 248
LTM EBITDA 2 249 317 376 269 248
Operating income (loss) (102) (53) 117 (27) (65)
Net income (loss) (244) (31) (58) 17 (315)

Financial Position

(Ps. Million) 4Q 20181 3Q 20181 2Q 20181 1Q 20181 20181
Total assets 3,286 3,505 3,599 3,531 3,665
Cash and financial instruments 3 463 532 601 431 463
Financial liabilities4 2,189 2,092 2,200 2,034 2,189
Total liabilities 2,545 2,567 2,617 2,512 2,545
Total shareholders’ equity 741 937 982 1,019 741

Cash Flow

(Ps. Million) 4Q 20181 3Q 20181 2Q 20181 1Q 20181 20181
Operating activities (59) (12) 181 (101) 10
Investing activities (19) (50) 3 (56) (122)
Financing activities 9 (8) (14) 2 (10)
Cash generated in the period (68) (69) 170 (154) (122)

Operating ratios5

4Q 20181 3Q 20181 2Q 20181 1Q 20181 20181
EBITDA / Total revenues 7.79% 5.60% 37.25% 11.35% 18.89%
Operating income (loss)/ Total revenues (37.82%) (19.78%) (24.32%) (9.00%) (4.96%)
Net income (loss) / Total revenues (90.73%) (11.29%) (11.99%) 5.81% (23.97%)

Liquidity Ratios5

4Q 20181 3Q 20181 2Q 20181 1Q 20181 20181
Current assets / Current liabilities (x) 2.40 2.47 3.42 2.25 2.40
(Current assets - Inventory) / Current liabilities (x) 2.39 2.47 3.42 2.24 2.39
Current assets / Total liabilities (x) 0.28 0.36 0.38 0.35 0.28

Leverage Ratios5

4Q 20181 3Q 20181 2Q 20181 1Q 20181 20181
Net debt6/LTM EBITDA (x) 6.93 4.92 4.25 5.96 6.93
Long-term liabilities / Shareholers’ equity (x) 3.03 2.34 2.37 2.09 3.03
Total liabilities / Total assets (%) 77.45% 73.25% 72.72% 71.13% 77.45%
Total liabilities/ Shareholers equity (x) 3.43 2.74 2.67 2.46 3.43

1 Data from interim financial statements

2 EBITDA equals Operating income (loss) plus depreciation, amortization, impairment charges and other (income) expenses

3 Includes long-term restricted cash

4 The Financial liabilities item is presented at fair value as indicated in audited financial statement

5 Calculations based on proprietary methodology that may differ from estimates produced using other methodologies

6 Equivalent to Financial liabilities less Cash and financial instruments