Page 1

FEMSA FMX LISTED NYSE EMPRESA ESR FEMSA SOCIALMENTE RESPONSABLE Media Contact ( 52 ) 555-249-6843 comunicacion@femsa.com.mx www.femsa.com Investor Contact ( 52 ) 818-328-6167 investor@femsa.com.mx www.femsa.com/inversionista FEMSA Announces First Quarter 2021 Results Monterrey , Mexico , April 29 , 2021 - Fomento Económico Mexicano , S.A.B. de C.V. ( " FEMSA " ) ( NYSE : FMX ; BMV : FEMSAUBD ) announced today its operational and financial results for the first quarter of 2021 . ENHANCED DISCLOSURE In a permanent effort to improve our disclosure to better match the evolution of our business and communicate our performance , we are making a change to the way we present our financial results : o Given the growing relevance and potential of our logistics and distribution business , we will report its results as a new segment going forward . With this addition , we will disclose our core operations as follows : i ) FEMSA Comercio's retail divisions : Proximity , Health and Fuel ; ii ) Logistics and Distribution ; and iii ) Coca - Cola FEMSA . FINANCIAL SUMMARY FOR THE FIRST QUARTER 2021 Information includes figures in millions of Ps . and variations as change vs. same period last year Revenues Gross Profit Income from Operations Same - Store Sales 1.8 % 46,534 1.5 % 9,525 0.1 % FEMSA CONSOLIDATED FEMSA COMERCIO Proximity Division Health Division 124,474 43,418 ( 4.8 % ) 17,374 ( 4.7 % ) 2,411 ( 21.1 % ) ( 6.5 % ) 17,750 16.0 % 5,069 17.9 % 810 110.4 % 15.5 % ( 1 ) Fuel Division 8,535 ( 21.4 % ) 1,080 ( 21.3 % ) 208 ( 53.0 % ) ( 22.4 % ) LOGISTICS & DISTRIBUTION 10,809 N / A 2,353 N / A 367 N / A COCA - COLA FEMSA 44,690 ( 1.5 % ) 19,922 ( 3.8 % ) 5,899 3.0 % ( ¹ ) variations vs. comparable results Eduardo Padilla , FEMSA's CEO , commented : " The first quarter's results show sequential improvement in most of our operations relative to the fourth quarter of 2020. Within the first quarter itself , we saw more encouraging data as the sequential improvement was also evident as the months went by in several markets , and the comparison base became less demanding . Having said that , the consumer environment remains challenging , and the health emergency remains serious as vaccination efforts are still incipient in most of our geographies . Therefore , directionally we are making progress , but we must remain vigilant , disciplined , and agile . Furthermore , we continue to balance navigating our short - term challenges , with executing our long - term strategy . A good example of that is the sustainability - linked notes issuance we announced yesterday , that allowed us to tap the Euro market at record - low yields , helping us improve our debt maturity profile while reinforcing our commitment to ambitious ESG objectives for the next decade and beyond . " Follow today's event live 10:00 AM ET Earnings Conference Call 1