This is my brief analysis of Grupo Modelo's latest quarterly earnings.

1. Grupo Modelo By Christophe De Backer

2. Contents About Quarterly Earnings Domestic earnings Volume Costs Conclusion Financial position General conclusion

3. About Grupo Modelo Mexico Alonso Gomez Federico Cisneros 63 % Export brands Corona Modelo Pacifico

4. Corona Extra Top selling beer Top 5 worldwide Available in > 150 countries Leading export brand

5. Mexican market Local brands Victoria Estrella Léon Montejo

6. Quarterly earnings

8. Costs and expenses

9. Financial position

10. Conclusion Growing trend Stable company

11. Thank you for your attention