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Turning

turning challenges
into strengths

2019 Annual Report

SCROLL

We are KUO, a Mexican industrial conglomerate with presence in more than 70 countries. Our business model is based on value generation in all its dimensions: economic, social and environmental.

Thanks to our diversification and constant focus on excellence and innovation, we maintain a leadership position in each of the businesses in which we participate, which are concentrated in three sectors: Consumer, Chemical and Automotive. We have a solid corporate governance and maintain high ethical standards and transparency, with a sustainable vision that guarantees the permanence of KUO over time.

We employ more than 24,000 employees, who share the group's values and vision, being a key factor for the company's success.

6 Business

5 Countries

6 Business

Mexico

20 plants

USA

3 plants

Chile

1 Plants

Spain

2 Plants

Belgium

1 Plant

China

2 Plants
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Mission

Create value in a sustainable and adequate manner for our stakeholders through the effective management of a dynamic business portfolio.

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Vision

At KUO, we visualize our growth and consolidation based on the creation of value supported by:

  • the pride we feel as a socially responsible company that maintains a reputation of integrity, strength and capacity to generate value for its stakeholders.
  • the high profitability of the company reflected in the sustained generation of value in business.
  • the alliances we establish with our partners and suppliers, always oriented to create value on both sides.
  • the satisfaction derived from exceeding the expectations of our customers by being their best option in quality, service, innovation and technology.
  • the strength derived from being part of a first-class team of employees, who are motivated and share the objectives and values of KUO, and through considering their constant preparation as a priority.
  • an organization comprised by a dynamic portfolio of companies oriented to the creation of sustained value, with an agile and flexible structure which promotes timely adaptation to market demands.
  • the commitment to the communities in which we operate, which is reflected in our active participation in favor of their development.

Values

Integrity
Institutionalism
Leadership
Teamwork
Innovation
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We will continue to work as a team and join efforts to create greater value for our stakeholders and restate our commitment to driving Mexico's development.

Financial

Highlights

$42,228

Million pesos Revenue

$21,140 Consumer

$12,895 Chemical

$8,013 Automotive

$5,243

EBITDA Million pesos

$2,825 Consumer

$1,407 Chemical

$438 Automotive

FIGURES IN MILLIONS OF PESOS 2019 2018 19 vs. 18
Revenue 42,228 42,568 -0.8%
Operating Profit 3,397 4,202 -19.2%
Operating Margin 8.0% 9.9% -
EBITDA2 5,243 5,429 -3.4%
EBITDA Margin 12.4% 12.8% -
Net Majority Result (Controlling Interest) 2,233 2,217 0.7%
Leverage Ratio3 2.76x 2.3x -
Interest Coverage Ratio4 4.33x 6.1x -
Capitalization Ratio5 0.54x 0.5x -
FIGURES IN PESOS 2019 2018
Earnings per Share LTM 4.89 4.86
Book Value per Share 30.56 28.10
Market Value per “B” Series Share 55.90 48.49
Dividend per Share 0.88 0.75
  1. Financial highlights are based on Combined Pro Forma Figures, which are the result of the consolidation of financial information of all subsidiaries, including the proportional consolidation of joint ventures.
  2. 2 EBITDA computation is determined as follows: Pro Forma Operating Profit plus Pro Forma Depreciation and Amortization (Including the period’s cost for Pro Forma labor obligations).
  3. Debt-Cash / LTM EBITDA*.
  4. LTM EBITDA* / LTM Net Interest Payments.
  5. Total Debt / Total Debt + Stockholders Equity*.
    * No effect of IFRS 16