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Page 1: ALFA update 030316OUTLOOK%2016 10 ALFA2016Guidance(U.S.$Millions) REVENUES EBITDA CAPEX 2015 2016e’ % 2015 Ext. Items Adj. 2015 2016e’ % 2015* 2016e’ ALFA 16,315 15,775 (3) 2,420

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Page 2: ALFA update 030316OUTLOOK%2016 10 ALFA2016Guidance(U.S.$Millions) REVENUES EBITDA CAPEX 2015 2016e’ % 2015 Ext. Items Adj. 2015 2016e’ % 2015* 2016e’ ALFA 16,315 15,775 (3) 2,420

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Page 3: ALFA update 030316OUTLOOK%2016 10 ALFA2016Guidance(U.S.$Millions) REVENUES EBITDA CAPEX 2015 2016e’ % 2015 Ext. Items Adj. 2015 2016e’ % 2015* 2016e’ ALFA 16,315 15,775 (3) 2,420

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Page 4: ALFA update 030316OUTLOOK%2016 10 ALFA2016Guidance(U.S.$Millions) REVENUES EBITDA CAPEX 2015 2016e’ % 2015 Ext. Items Adj. 2015 2016e’ % 2015* 2016e’ ALFA 16,315 15,775 (3) 2,420

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Page 5: ALFA update 030316OUTLOOK%2016 10 ALFA2016Guidance(U.S.$Millions) REVENUES EBITDA CAPEX 2015 2016e’ % 2015 Ext. Items Adj. 2015 2016e’ % 2015* 2016e’ ALFA 16,315 15,775 (3) 2,420

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Page 6: ALFA update 030316OUTLOOK%2016 10 ALFA2016Guidance(U.S.$Millions) REVENUES EBITDA CAPEX 2015 2016e’ % 2015 Ext. Items Adj. 2015 2016e’ % 2015* 2016e’ ALFA 16,315 15,775 (3) 2,420

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Page 7: ALFA update 030316OUTLOOK%2016 10 ALFA2016Guidance(U.S.$Millions) REVENUES EBITDA CAPEX 2015 2016e’ % 2015 Ext. Items Adj. 2015 2016e’ % 2015* 2016e’ ALFA 16,315 15,775 (3) 2,420

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Page 8: ALFA update 030316OUTLOOK%2016 10 ALFA2016Guidance(U.S.$Millions) REVENUES EBITDA CAPEX 2015 2016e’ % 2015 Ext. Items Adj. 2015 2016e’ % 2015* 2016e’ ALFA 16,315 15,775 (3) 2,420

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Page 9: ALFA update 030316OUTLOOK%2016 10 ALFA2016Guidance(U.S.$Millions) REVENUES EBITDA CAPEX 2015 2016e’ % 2015 Ext. Items Adj. 2015 2016e’ % 2015* 2016e’ ALFA 16,315 15,775 (3) 2,420

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Page 10: ALFA update 030316OUTLOOK%2016 10 ALFA2016Guidance(U.S.$Millions) REVENUES EBITDA CAPEX 2015 2016e’ % 2015 Ext. Items Adj. 2015 2016e’ % 2015* 2016e’ ALFA 16,315 15,775 (3) 2,420

OUTLOOK  2016   10  

ALFA  2016  Guidance  (U.S.  $  Millions)  

REVENUES   EBITDA   CAPEX  

2015   2016e   %   2015  Ext.  Items  

Adj.  2015   2016e   %   2015*   2016e  

ALFA   16,315   15,775   (3)   2,420   210   2,210   2,167   (2)   1,606   1,320  

Sigma   5,901   5,900   0   869   161   708   680   (4)   660   360  

Alpek   5,284   4,800   (9)   630   26   604   630   4   317   320  

Nemak   4,482   4,500   0   759   -­‐   759   775   2   460   495  

Alestra1   389   380   (2)   166   23   143   130   (9)   101   110  

Newpek   89   57   (36)   40   -­‐   40   10   (75)   59   30                                                                                                                                                                                                                                                                                                                                                                                                                          *Including  acquisi,ons    

AssumpQons:  Mx  GDP  growth:  2.4%    USA  GDP  growth:  2.5%    Avg.  exchange  rate  Mx  Peso  to  US$:  $18.0    Avg.  exchange  rate  Euro  to  US$:  $1.07    Avg.  oil  price  (Brent):  US$38/barrel    

ALFA  Guidance  2016  

1  Does  not  include  Axtel  

Note:  Guidance  as  of  February  11,  2016