Slides
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EARNINGS VIDEOCONFERENCE JULY 21ST 2026 2Q26
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Today’s Speakers Christian Gurría CEO Federico Rodríguez CFO
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Forward-Looking Statements Disclaimer Certain information contained in this presentation, particularly information regarding future economic performance, finances, and; expectations and objectives of management constitutes forward-looking statements. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts and generally contain words such as “believes,” “expects,” “may,” “will,” “should,” “seeks,” “approximately,” “intends,” “plans,” “estimates”, “anticipates” or similar expressions. Our forward-looking statements are subject to risks and uncertainties, which may cause actual results to differ materially from those projected or implied by the forward-looking statement. Forward-looking statements are based on current expectations and assumptions and currently available data and are neither predictions nor guarantees of future events or performance. You should not place undue reliance on forward-looking statements, which speak only as of the date hereof. We do not undertake to update or revise any forward-looking statements after they are made, whether as a result of new information, future events, or otherwise, except as required by applicable law. For discussion of some of the important factors that could cause these variations, please consult the “Risk Factors” section of the Company’s most recent Annual Report. Nothing in this presentation should be regarded as a representation by any person that these targets will be achieved, and the Company undertakes no duty to update its targets.
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ChristianGurría CEO
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2Q26 Highlights Results PRE IFRS-16 POST IFRS-16 $20.9 BN PESOS 0.9% VS. 2Q25 $21.O BN PESOS 1.0% VS. 2Q25 EBITDA PRE IFRS-16 POST IFRS-16 $2.8 BN PESOS 13.5% MARGIN $4.2 BN PESOS 20.5% MARGIN SALES SSS 2.6% VS 2Q25 DIGITAL TENDER DIGITAL ORDERS 40.7% 34.7 MILLIONS ↑ ↑
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Same Stores Sales 0.6% 2.8% (2.5%) 3.6% -0.3% -5.7% 27.4% Mexico Chile Argentina -2.0% 2.2% 10.5% Mexico Europe South America 3.0% 6.9% 3.3% Mexico Colombia Spain FSR*STARBUCKS BURGER KINGDOMINO’S PIZZA * Full-Service Restaurants 4.9% 3.5% Mexico Spain
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Alsea Global 1,561 198 115 1,964 368 75 27 11 233 76 173 SEGMENTS 3 QSR Full Service Restaurants Coffee Shops Alsea* BMV TEAM MEMBERS + 73,000 4,801 UNITS 77% corporate 23% franchises
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Global Loyalty KPIs | 2Q26 Loyalty Sales Digital Customers * 180 days *Delivery + Loyalty $5.5 Billion $3.1 Billion $1.8 Billion $0.6 Billion 28% 31% 22% Mexico Europe South America Tender 27.9% Tender $5.5 BN Loyalty Sales 24.3 Million Loyalty Orders +8% vs LY -5% vs LY Full Service Restaurants Growth$ vs LY Tender 7.5% 32.2% 6.7% 31.3% 8.6% 29.4% 8.7% 18.9% Figures do not include telephone | e-commerce transactions linked to Wow+ are included as part of loyalty. Active customers of 90 days for Starbucks and 180 days for Domino’s , Full-Service Restaurants and Burger King. 1 Overlap between delivery and loyalty. Figures in MXN currency 8.47 Million 4.36 Million 3.36 Million 0.75 Million
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Strengthened sustainability culture ESG Engaged +400 employees through an interactive ESG and Sustainable Development Goals awareness experience Donated +53 million pesos, delivered +490K meals, benefited +16K people, and raised +€100K in Europe through "Producto con Corazón" ESG Published our 25th Integrated Annual Report and completed a climate risk assessment covering 3,600+ sites (73% of our portfolio) Advanced ESG & climate resilience
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FedericoRodríguez CFO
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Sales Improvement TOTAL SALES ADJUSTED EBITDA* *Store EBITDA Figures in Million pesos COST % Cost of sale 2,763 2,799 883 792 359 305 2Q25 2Q26 Mexico Europe South America (0.9)% 3.8% Excluding fx effect 20 BPS 32.9%33.1% 11,665 12,160 6,379 5,906 3,140 2,923 2Q25 2Q26 Mexico Europe South America 2Q25 2Q26
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29% 8% 63% 30% 22% 48% Capex 2025 Opening & Remodelling Maintenance Other Projects Europe South America Mexico 1,840 Million pesos
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Debt Profile 8% 6% 7% 41% 4% 11% 14% 3% 3% 3% 33.9 BN Pesos Total Debt 29% 71% EUROS Mexican Pesos 2Q26 Total Debt / EBITDA 2.8X Net Debt / EBITDA 2.5X 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036
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Low-single digit EBITDA Growth Low single digit EBITDA Growth 180 - 220 Openings ~$5.5B Low single digit Low-single digit VS Mid-single digit 130 - 150 Corporate ~60 Franchises Store Openings CAPEX SSS Revenue Growth PRE IFRS16 POST IFRS16 GUIDANCE 2026 2026 Guidance Adjustment Mid-single digit EBITDA GrowthVS