Hey, guys. Good morning. Thanks so much for space for question. Just one quick one here from my side. On the release there, you're mentioning on the proximity formats, the decrease in the contribution of financial services. So just to understand there, if there's any change in competitive landscape or dynamics or if there's any kind of specific situation that are impacting that part of the business? I mean when you spoke already about kind of Banorte going back and forth, but it would be great if we could g ...

Moving on to discuss our operations and beginning with proximity Americas. We added 444 new units during the second quarter to reach 1,391 net new stores for the last 12 months. This quarter's strong expansion set us ahead of our yearly expansion target, and it underscores OXXO Mexico's strong growth potential. Having said that, we will stick to an objective of 900 net new OXXO stores just in Mexico for the time being, and the expansion curve for the rest of the year should be smoother than usual. OXXO same ...

Financial Data and Key Metrics Changes - Total revenues during the first quarter increased by 22%, while income from operations increased by 5.5% compared to the first quarter of 2022 [111] - On an organic basis, total revenues increased by 12.4% and income from operations increased by 3.3% [111] - Net consolidated income was Ps. 50.329 million, driven by a Ps. 40.6 million gain from the accounting remeasurement of FEMSA's investment in Heineken [95] - Gross margin was 40.3%, with a 160 basis points increase in the quarter, while operating margins decreased by 30 basis points [96][97] Business Line Data and Key Metrics Changes - OXXO same-store sales grew by 18.3% for the first quarter, the highest growth rate in the last 20 years, driven by an 11.9% increase in average customer ticket and a 5.7% growth in traffic [112] - The health division saw a slight decrease in revenues, with same-store sales down by an average of 5.5%, but on a currency-neutral basis, revenues grew by 14% [113] - Envoy Solutions reported a 23.7% increase in total revenues compared to the first quarter of 2022, although operating margin contracted by 140 basis points due to higher costs [114] Market Data and Key Metrics Changes - In Proximity Americas, 157 new units were added during the first quarter, reaching a total of 1,105 stores [10] - Coca-Cola FEMSA's total volume grew by 6.6%, with total revenues increasing by 12% and operating income growing by 12.9% [12] - Proximity Europe revenues were slightly above Ps. 10 billion, reflecting a recovery in traffic and ticket driven by improved customer mobility [11] Company Strategy and Development Direction - The company is focused on driving growth in core verticals and integrating its digital ecosystem with physical networks [6][8] - FEMSA Forward strategy aims to enhance value creation through sustainable practices and strategic alternatives for Envoy Solutions [7][24] - The company is committed to expanding its digital initiatives, including the integration of financial services and loyalty programs [31][91] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strong business platform and ability to adapt to challenging environments, including high inflation and macroeconomic uncertainties [100] - The outlook for 2023 is positive, with expectations of strong unit growth in Mexico and continued performance improvements across various markets [45][46] - Management acknowledged the need for caution regarding future same-store sales growth, indicating that the 18% growth seen in Q1 may not be sustainable throughout the year [129] Other Important Information - The company has reduced its investment in Heineken from approximately 14% to 8%, which has positively impacted its leverage ratio, now at 1.8x [105] - The digital division is currently running a loss of about Ps. 900 million, with ongoing investments aimed at increasing user engagement and functionality [28][92] - The company is exploring opportunities for organic growth in its health division, particularly in Mexico, while also considering inorganic opportunities [153] Q&A Session Summary Question: What are the growth dynamics in the health division? - Management noted that growth in Colombia is driven by retail channels and customer affiliations, while Ecuador's growth is impacted by political and economic factors [16] Question: Can you elaborate on OXXO's same-store sales and average ticket increase? - Management confirmed that the increase in average ticket size is a consistent trend, driven by a broader product offering and recovering traffic [20][54] Question: What is the status of FEMSA Forward and Envoy negotiations? - Management stated that they are on track with FEMSA Forward and are exploring strategic alternatives for Envoy Solutions, with positive market conditions aiding their progress [24][70] Question: How does the company view cash returns to shareholders? - Management indicated that capital allocation decisions will be made with a focus on maximizing returns, considering share buybacks and dividends as potential options [36][70] Question: What are the plans for expanding the Bara format? - Management expressed strong ambitions for accelerating store openings in the Bara format, while also focusing on organic growth opportunities [39][66]

Table of Contents As filed with the Securities and Exchange Commission on April 21, 2023 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, 2022 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 2022 Earnings Conference Call February 24, 2023 9:00 AM ET Company Participants Eugenio Garza - Chief Corporate Financial Officer, Director of Finance & Corporate Development Daniel Rodríguez - CEO Juan Fonseca - VP, IR Francisco Camacho Beltrán - Chief Corporate Officer Conference Call Participants Benjamin Theurer - Barclays Bank Alan Alanis - Santander Héctor Maya - Scotiabank Ricardo Alves - Morgan Stanley Marcella Recchia - Crédit Suisse Robert F ...

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Q3 2022 Earnings Conference Call October 31, 2022 11:00 AM ET Company Participants | --- | |---------------------------------------------------| | | | Juan Fonseca - Director, Investor Relations | | Paco Camacho - Chief Corporate Officer | | Eugenio Garza - Chief Financial Officer | | Jorge Collazo - Coke Investor Relations | | Conference Call Participants | | Ricardo Alves - Morgan Stanley Luis Willard - GBM | | Hector Maya - Scotia Bank | | Alan Alanis ...

3Q 2022 Results October 28, 2022 Investor Contact (52) 818-328-6167 investor@femsa.com.mx femsa.gcs-web.com Media Contact (52) 555-249-6843 comunicacion@femsa.com.mx femsa.com EYSE Dow Jones Sustainability Indices FEMSA HIGHLIGHTS Monterrey, Mexico, October 28, 2022 — Fomento Económico Mexicano, S.A.B. de C.V. ("FEMSA") (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today its operational and financial results for the third quarter of 2022. • FEMSA: Total Consolidated Revenues grew 20.5% against 3Q21. • PROXI ...

Exhibit 99.1 Ad hoc announcement pursuant to article 53 LR FEMSA publishes the provisional interim result of the public tender offer for Valora – participation rate of 84.41% Monterrey, Mexico / Muttenz, Switzerland, September 12, 2022 – Fomento Económico Mexicano, S.A.B. de C.V. ("FEMSA"; BMV: FEMSAUBD.MX; FEMSAUB.MX; NYSE: FMX) today published the provisional interim result of its public tender offer ("Offer") by FEMSA's wholly owned subsidiary Impulsora de Marcas e Intangibles, S.A. de C.V., to acquire a ...

Fomento Económico Mexicano, S.A.B. de C.V. (NYSE:FMX) Q2 2022 Results Conference Call July 28, 2022 10:00 AM ET Company Participants Juan Fonsec - Director of Investor Relations Daniel Rodriguez - CEO Eugenio Garza - CFO Jorge Collazo - Coke Investor Relations Conference Call Participants Ricardo Alves - Morgan Stanley Bob Ford - Bank of America Sergio Matsumoto - Citigroup Luis Yance - Compass Alvaro Garcia - BTG Thiago Bortoluci - Goldman Sachs Leandro Fontanesi - Bradesco Carlos Laboy - HSBC Rodrigo Alca ...

Financial Data and Key Metrics Changes - Total revenues increased by 18.6% in Q1 2022 compared to Q1 2021, while income from operations rose by 24.9% [10] - On an organic basis, total revenues grew by 15.2% and income from operations increased by 22.2% [10] - Net income decreased by 6.6% to 5.8 billion pesos, impacted by a noncash foreign exchange loss [10] Business Line Data and Key Metrics Changes - OXXO opened 69 net new stores in Q1 2022, reaching 794 net openings over the last 12 months, with same-store sales up 12.7% [11] - Health operations expanded drugstore count by 66, with revenues increasing by 5.1% and same-store sales up 3.5% [13] - Logistics and distribution revenues increased by 48.3%, with organic growth of 12.2% [14] - Coca-Cola FEMSA volumes grew by 10.1%, with revenues up 14.6% despite supply chain disruptions [15] Market Data and Key Metrics Changes - OXXO's gross margin increased by 110 basis points to 41.1%, driven by improved commercial income [12] - Coca-Cola FEMSA's gross profit grew by 13.5%, reflecting solid raw material hedging strategies [15] Company Strategy and Development Direction - The company is focused on consolidating its logistics and distribution platform through acquisitions, such as Sigma Supply, to strengthen its presence in the U.S. market [7][20] - There is a commitment to expanding digital platforms, with significant growth in registered users for Spin by OXXO and OXXO Premia [8] - The company aims to increase store openings in international markets, particularly in Brazil, with expectations of reaching parity with Mexico in store numbers over the next five to ten years [54][56] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about sustained growth and recovery in consumer activity as the world reopens [4] - The company remains vigilant regarding macroeconomic challenges such as inflation and supply chain disruptions but is confident in its operational fitness [15] - The board is conducting a strategic review to address the share price discount to NAV and explore options for value creation [60][61] Other Important Information - The logistics and distribution segment is seen as a potential new core for the company, with significant growth opportunities through consolidation and cross-selling [49] - The company is adapting its value proposition in international markets to meet local consumer needs [57] Q&A Session Summary Question: Future growth of logistics segment and capital allocation strategy - Management highlighted the potential for mid-single-digit organic growth and mid-double-digit growth with inorganic opportunities in the logistics segment [19] Question: Impact of Spin and Premia on data capture and customer engagement - Management noted that Spin is capturing marginal consumers and increasing transaction frequency, while Premia is enhancing customer loyalty and engagement [22][24] Question: Traffic comparison to 2019 levels and inflation impact - Traffic remains below 2019 levels, but same-store sales are up due to increased average ticket sizes; management is strategically managing costs amid inflation [29][30] Question: Changes in consumer behavior regarding cash transactions - Management indicated that while cash transactions remain prevalent, there is a growing acceptance of digital transactions, particularly among small business owners [33][35] Question: Gross margin dynamics and pricing architecture - Management attributed gross margin improvements to increased commercial activity and effective cost management, with ongoing testing of pricing strategies for digital services [38][39] Question: Long-term vision for logistics and distribution - Management expressed confidence in the logistics division's growth potential and the ability to create a powerful national platform through acquisitions and synergies [48][49]