1 Net revenues are net of excise tax; 1 peso per liter of sugary beverages. Including excise tax income, Cultiba’s consolidated revenues were Ps. 37,908 million in 2014.
2 EBITDA = Net income plus: (1) Depreciation and amortization (2) Net financing cost, (3) Provision for taxes (4) For 2014: non-cash impact of Ps.1,600 million reduction to goodwill related to the sugar division.
EBITDA does not adjust for non-recurring expenses related to savings program. These expenses were Ps. 101 million in 2013 and Ps. 397 million in 2014. Adjusting for non-recurring expenses, Cultiba’s consolidated EBITDA was Ps.3,018 million in 2013 and Ps. 2,970 million in 2014.
1 Operating income does not include non-cash impact of Ps.1,600 reduction to goodwill related to the sugar division. Including such adjustment, Cultiba’s operating loss was Ps. 1.352 million in 2014.
Diana González Flores
+52 (55) 5201-1947
Monte Cáucaso 915, fourth floor,
Colonia Lomas de Chapultepec
C.P. 11000, México, Distrito Federal
Tel. +52 (55) 5201-1900