Financial Data and Key Metrics Changes - Total revenues during Q3 2021 increased by 12.6% compared to Q3 2020, and income from operations increased by 14% [11] - Net income reached MXN 16 billion, reflecting higher income from operations and non-operating income, partially offset by high interest expense [12] - Consolidated net debt position reached MXN 70 billion at the end of September [12] Business Line Data and Key Metrics Changes - In the Proximity Division, same-store sales in Mexico were stable, with a 9.7% increase in same-store sales for Q3 2021 compared to 2020, but a decline of 3.5% compared to Q3 2019 [14] - The Health Division expanded its drugstore count by 81 net additions, with revenues increasing by 8.2% and same-store sales up by 4.2% [15] - The Fuel Division saw revenues increase by 20.5% and same-station sales grow by 16.7% compared to Q3 2020 [17] Market Data and Key Metrics Changes - The Fuel Division continues to see improving demand numbers, although still below pre-pandemic levels [8] - Coca-Cola FEMSA experienced a volume growth of 5.8% over the last year, with revenues increasing by 3.4% despite supply chain disruptions [19] Company Strategy and Development Direction - The company aims to open at least 10,000 more stores in Mexico over the next decade, with a focus on accelerating openings in Colombia and Chile [21][22] - Digital initiatives, including the OXXO Premia loyalty program and the spin platform, are seen as key growth opportunities [23][35] - The logistics and distribution operations are gaining momentum, with a focus on expanding geographical footprint in the U.S. [26] Management's Comments on Operating Environment and Future Outlook - Management noted gradual improvements in health and mobility trends, with expectations for continued recovery in consumer behavior [6] - The company is optimistic about its growth potential in Latin America, particularly in Colombia and Chile, and is focused on enhancing its digital capabilities [22][29] Other Important Information - CapEx increased by 38% due to a low comparison base in Q3 2020 [12] - The company is making progress in its beer portfolio in Brazil and testing additional distribution categories [9] Q&A Session Summary Question: What are the strategic and capital allocation priorities for the future? - Management indicated that a detailed discussion on strategic priorities will occur in January, with a focus on the current quarter [39][40] Question: Expectations for OXXO and pharmacy openings next year? - Management expects to target around 1,000 new store openings in 2022, with pharmacy growth projected at double digits [48][54] Question: Update on Jetro and OK Market acquisition status? - The OK Market acquisition in Chile has been approved, and the company is optimistic about the Jetro partnership and potential growth opportunities [84][85]

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Q2 2021 Earnings Conference Call July 28, 2021 10:00 AM ET Company Participants Juan Fonseca - Director of Investor Relations Paco Camacho - Chief Corporate Officer Eugenio Garza - Finance and Corporate Development Director Conference Call Participants Bob Ford - Bank of America Alan Alanis - Santander Luis Willard - GBM Antonio Hernandez - Barclays Ãlvaro GarcÃa - BTG Ricardo Alves - Morgan Stanley Rodrigo Alcantara - UBS Rodrigo Echagaray - Scotiabank ...

Financial Data and Key Metrics Changes - Total revenues for Q1 2021 increased by 1.8%, while income from operations remained flat. On an organic basis, total revenues decreased by 3% and income from operations decreased by 2.4% [9] - Net income decreased by 31.3%, reflecting a demanding comparison base from Q1 2020, which benefited from a non-cash foreign exchange gain [10] - Consolidated net debt decreased by 5% to MXN 72 billion, reflecting high cash generation at Coca-Cola FEMSA [10] Business Line Data and Key Metrics Changes - FEMSA Comercio's Proximity division opened 140 new OXXO stores, with same-store sales down 6.5% due to an 18% decline in store traffic but a 14.4% increase in average customer ticket [11][12] - FEMSA Comercio's Health division expanded its drugstore count by 37, with revenues increasing by 16% and same-store sales up by 15.5% [13] - In the Fuel division, same-station sales decreased by 22%, with gross margin at 12.7% and operating margin at 2.7% [14] Market Data and Key Metrics Changes - Coca-Cola FEMSA in Mexico and Central America delivered double-digit operating income growth, while currency headwinds in Brazil tempered benefits from solid volume trends [16] Company Strategy and Development Direction - The company is focusing on growth in identified attractive business verticals and aims to drive incremental returns [7] - A €1.2 billion sustainability-linked bond was issued, aimed at refinancing existing Eurobonds and improving the maturity profile while committing to ambitious ESG targets [8] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism, noting that the pandemic has forced the company to become more flexible and agile, with expectations for recovery and growth in 2021 [17] - The company is using 2019 numbers as a reference to measure progress, given the high comparison basis from 2020 [6] Other Important Information - The logistics and distribution segment was presented for the first time, with good progress in integrating acquired entities into a single platform [15] - The company is optimistic about the growth potential of its logistics business, particularly in e-commerce [38] Q&A Session Summary Question: Update on Spain and San Luis Potosi rollout and labor law changes - Management confirmed that the rollout in San Luis Potosi is on track for national expansion by year-end and that labor law changes will not significantly impact profitability or cash flow [19] Question: OXXO same-store sales evolution and margin commentary - Management noted that same-store sales improved in March, becoming flat compared to the previous year, and attributed margin maintenance to strong performance in the payments business [25][26] Question: Cultural aspects of financial services business and digital platform strategy - Management highlighted the importance of attracting talent for the spin unit and emphasized a consumer-centric approach to financial services [30] Question: Use of proceeds from sustainability bond and logistics business growth - The sustainability bond is tied to long-term ESG commitments rather than specific projects, and logistics is expected to be a key growth driver, particularly in e-commerce [36][38] Question: OXXO rollout in Brazil and performance expectations - Management reported positive initial performance from OXXO stores in Brazil and expressed satisfaction with the partnership with local operators [62] Question: Refillable targets and green financing - Management stated that sustainability targets include waste reduction but do not currently encompass refillable targets, which are under consideration for future inclusion [66][68]

Table of Contents As filed with the Securities and Exchange Commission on April 14, 2021 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 Commission file number 001-35934 Fomento Económico Mexicano, S.A.B. de C.V. (Exact name of registrant as specified in its charter) Mexican Economic Development, Inc. (Translation of registrant's name into English ...

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Q4 2020 Earnings Conference Call March 1, 2021 10:00 AM ET Company Participants Juan Fonseca - Investor Relations Director Francisco Camacho - Chief Corporate Officer Eugenio Garza - Director of Finance and Corporate Development Conference Call Participants Benjamin Theurer - Barclays Miguel Tortolero - GBM Alan Alanis - Santander Robert Ford - BofA Merrill Lynch Alvaro Garcia - BTG Pactual Marcella Recchia - Credit Suisse Rodrigo Alcantara - UBS ...

Fomento Económico Mexicano, SAB de C.V. (NYSE:FMX) Q3 2020 Results Conference Call October 29, 2020 11:00 AM ET Company Participants Juan Fonseca - VP, IR Eugenio Garza - Director of Finance & Corporate Development Miguel Eduardo Silva - Chief Executive Officer & Director Conference Call Participants Alan Alanis - Santander Alvaro Garcia - BTG Antonio Hernandez - Barclays Carlos Laboy - HSBC Rodrigo Alcantara - UBS Luca Cipiccia - Goldman Sachs Rodrigo Echagaray - Scotiabank Operator Good morning, and welco ...

Fomento Economico Mexicano SAB de CV (NYSE:FMX) Q2 2020 Earnings Conference Call July 24, 2020 10:00 AM ET | --- | |---------------------------------------------------------------------------------| | | | Company Participants | | Eduardo Padilla - CEO & Director Juan Fonseca - VP, IR | | Conference Call Participants | | Benjamin Theurer - Barclays Bank Bob Ford - Bank of America Merrill Lynch | | Miguel Tortolero - GBM Marcella Recchia - Crédit Suisse | | Gustavo Oliveira - UBS Ulises Bolio - JPMorgan Chase ...

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Q1 2020 Results Conference Call April 30, 2020 9:30 AM ET Company Participants Eduardo Padilla - CEO Juan Fonseca - VP, IR Conference Call Participants Luca Cipiccia - Goldman Sachs Bob Ford - Bank of America Alan Alanis - Santander Marcelo Alvisio - Credit Suisse Alvaro Garcia - BTG Carlos Laboy - HSBC Joseph Giordano - JP Morgan Rodrigo Alcantara - UBS Antonio Hernández - Barclays Gustavo Oliveira - UBS Operator Good morning and welcome, everyone, to F ...

Table of Contents As filed with the Securities and Exchange Commission on April 28, 2020 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 Commission file number 001-35934 Fomento Económico Mexicano, S.A.B. de C.V. (Exact name of registrant as specified in its charter) Mexican Economic Development, Inc. (Translation of registrant's name into English ...

Fomento Economico Mexicano SAB de CV (NYSE:FMX) Q4 2019 Earnings Conference Call February 27, 2020 10:00 AM ET Company Participants Eduardo Padilla - Director & CEO Juan Fonseca - VP, IR Conference Call Participants Luca Cipiccia - Goldman Sachs Group Antonio Gonzalez - Credit Suisse Benjamin Theurer - Barclays Álvaro García - BTG Operator Good morning and welcome everyone to FEMSA's Fourth Quarter and Full Year 2019 Financial Results Conference Call. [Operator Instructions] During this conference call mana ...