Highlights

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Rodrigo Wright

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Fundamentals

Comprehensive Income

(Ps. Million) 1Q 20181 4Q 20171 3Q 20171 2Q 20171 20171
Total revenues 296 448 438 638 2,256
Gross profit 151 197 189 189 771
EBITDA 2 34 89 74 72 318
LTM EBITDA 2 269 318 301 324 318
Operating income (loss) (27) (2) 2 (24) 7
Net income (loss) 18 (188) (77) 73 (15)

Financial Position

(Ps. Million) 1Q 20181 4Q 20171 3Q 20171 2Q 20171 20171
Total assets 3,531 3,665 3,614 3,597 3,665
Cash and financial instruments 3 431 585 538 535 585
Financial liabilities4 2,034 2,171 2,130 2,127 2,171
Total liabilities 2,512 2,644 2,475 2,483 2,644
Total shareholders’ equity 1,019 1,021 1,139 1,113 1,021

Cash Flow

(Ps. Million) 1Q 20181 4Q 20171 3Q 20171 2Q 20171 20171
Operating activities (101) 72 (59) 100 (126)
Investing activities (56) (55) (52) (66) (230)
Financing activities 2 30 114 (159) 104
Cash generated in the period 585 48 3 (125) (252)

Operating ratios5

1Q 20181 4Q 20171 3Q 20171 2Q 20171 20171
EBITDA/ Total revenues 11.35% 19.88% 16.83% 11.35% 14.11%
Operating income (loss)/ Total revenues (9.00%) (0.48%) 0.37% (3.75%) 0.30%
Net income (loss) / Total revenues 5.81% (42.07%) (17.67%) (11.38%) (0.71%)

Liquidity Ratios5

1Q 20181 4Q 20171 3Q 20171 2Q 20171 20171
Current assets / Current liabilities (x) 2.25 2.72 2.45 2.26 2.72
(Current assets - Inventory) / Current liabilities (x) 2.24 2.71 2.45 2.25 2.71
Current assets / Total liabilities (x) 0.35 0.38 0.39 0.38 0.38

Leverage Ratios5

1Q 20181 4Q 20171 3Q 20171 2Q 20171 20171
Net debt6/LTM EBITDA (x) 5.96 4.99 5.30 4.80 4.99
Long-term liabilities / Shareholers’ equity (x) 2.09 2.23 1.83 1.86 2.23
Total liabilities / Total assets (%) 71.13% 72.14% 68.49% 69.05% 72.14%
Total liabilities/ Shareholers equity (x) 2.46 2.59 2.17 2.23 2.59

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