FAQ´S

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What are Cultiba’s main businesses?

Cultiba is a holding company with a majority interest in one of Mexico’s largest bottlers of soft drinks and jug water, and the exclusive bottler of PepsiCo beverage products in Mexico.   Our beverage business markets and distributes nationwide carbonated soft drinks, noncarbonated soft drinks, bottled water and jug water under our own brands as well as third party brands.   As a holding company, Cultiba also owns and operates three sugar mills and holds a 49% interest in a fourth mill in the western region of Mexico. 

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What is Cultiba’s percentage ownership in each of its subsidiaries?

Cultiba has a 51% majority stake in Grupo GEPP, the national Mexican beverage company, and a 100% stake in GAM, its sugar business.   Polmex Holding and PepsiCo each hold minority ownership positions in GEPP and provide Cultiba with additional operational expertise an proven capabilities in the beverage industry, shared procurement and investment commitment. See corporate structure diagram

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What is Cultiba’s total beverage sales volume and breakdown by category?

In 2014, Cultiba sold 1.6 billion eight-ounce equivalent unit cases, comprised of 810 million unit cases of soft drinks and bottled water and 804 million unit cases of jug water.

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In which countries does Cultiba operate?

All of Cultiba’s operations are located in Mexico, and 100% of our Beverage products are sold in Mexico as well.  We export a portion of our Sugar production, primarily to the United States.

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How many employees does Cultiba have?

As of December 31, 2014, we had approximately 37,823 employees in our beverage business and approximately 1,921 employees in our sugar business.  More detail about our number of employees by department and geography can be found on page 79 of our 2014 Annual Report  presented to the Mexican Stock Exchange

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Who are Cultiba’s senior executives?

At the holding company level, Cultiba’s Key Officers are Mr. Juan I. Gallardo Thurlow (Chief Executive Officer), and Mr. Carlos G. Orozco Alatorre (Chief Financial Officer).  For Key officers at the Beverages and Sugar businesses please go to the following link.  Bios for our senior management team can be found on pages 125 to 124 of the 2014 Annual Report presented to the Mexican Stock Exchange.

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On which exchange do Cultiba's shares trade and under what ticker symbol?

Cultiba’s shares trade on the Mexican Stock Exchange, or Bolsa Mexicana de Valores, under the ticker symbol “CULTIBA”.  

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How many Cultiba shares are outstanding?

As of December 31, 2014, Cultiba had 717,537,466 shares outstanding. 

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Which brokerage firms provide research coverage of Cultiba’s shares?

The following firms provide research coverage on  Cultiba: Bank of America Merrill Lynch, Banorte-IXE, BBVA Bancomer, Brasil Plural, Credit Suisse, GBM Grupo Bursátil Mexicano, and JP Morgan. Please note that any opinions, estimates or forecasts regarding the performance of Cultiba issued by these analysts reflect their own points of view, and therefore do not represent the opinions, estimates or forecasts of Cultiba or its management.  Although Cultiba may refer to or distribute such statements, this does not imply that Cultiba agrees with or endorses any information, conclusions or recommendations included therein.  For a detailed list of our covering analysts please press here.

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Who are the members of Cultiba’s Board of Directors?

Our board of Directors is the ultimate management body. It meets at least four times a year, and is responsible for the business administration.  It consists of 19 members that are listed in the following link.  Bios for our Board of Directors can be found on pages 122-125 of our 2014 Annual Report submitted to the Mexican Stock Exchange.  

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Do all of Cultiba’s shareholders have the same voting rights?

All our shares have full voting rights and each share entitles the holder to one vote at any general meeting of our shareholders. 

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Do minority shareholders have the right to elect Board members?

The members of our board of directors are usually elected by our shareholders at the General Ordinary Annual Meeting.  For each 10% of our capital stock that is owned by any shareholder or group of shareholders, such shareholder or group has the right to appoint a member of the board of directors and his or her respective alternate director. 

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Where can I find more information on Cultiba’s Corporate Governance principles?

More information on Cultiba’s corporate governance principles can be found on this page.  

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Where can I find Cultiba’s corporate bylaws?

Cultiba’s corporate by-laws can be found here

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What accounting rules does Cultiba follow for reporting financial results?

Beginning on January 1, 2012, in accordance with CNBV requirements for entities that are listed on the Mexican Stock Exchange, we transitioned our financial reporting to International Financial Reporting Standards (“IFRS”) issued by the International Accounting Standards Board (“IASB”).  

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What is Cultiba’s official accounting currency?

Cultiba’s official accounting currency is the Mexican peso. 

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Where can I access Cultiba's regulatory filings, including periodic financial results?

Our regulatory filings are submitted to the Mexican Stock Exchange (www.bmv.com.mx).   They can also be found on our website through this link.

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Where can I find Cultiba’s Annual Report?

To view Cultiba’s most recent Annual Report prepared for Shareholders, and available in English and Spanish versions, please click here. For Cultiba’s most recent Annual Report Submitted to the Mexican Stock Exchange please click here.

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What is Cultiba’s fiscal year-end?

Cultiba’s fiscal year ends on December 31st

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When is Cultiba’s annual shareholder meeting date?

Cultiba’s most recent shareholder meeting was held on April 29, 2015. 

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Does Cultiba issue bonds?

Yes, as of December 31, 2013, Cultiba had Ps.1,400 million of Long-Term Debt Certificates, or "Certificados Bursátiles de Largo Plazo", issued in the local market.  These certificates trade in the Mexican Stock Exchange under the ticker CULTIBA13.  The term for these certificates is 1,820 days, or 5 years. Yield will be 89 basis points over the TIIE 28 rate, with interest payable every 28 days.  For more detail on Cultiba’s Debt Issuance in the Mexican Market please click here.  

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What is Cultiba’s credit rating?

Since November 2013, Cultiba has had the following credit ratings: “AA(mex)” by Fitch Ratings, and “mxAA-“ by Standard  & Poors”.

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What is the location of Cultiba’s corporate headquarters?

Cultiba’s corporate headquarters is located at:  Monte Caucaso 915, Fourth Floor, Lomas de Chapultepec, 11000, Mexico City, Mexico.  Our general telephone number is + 52 (55) 5201-1900. 

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How can I contact investor relations?

For investor relations, please contact Diana Gonzalez Flores, IRO, at dgonzalez@gamsa.com.mx, or by phone at +52 (55) 5201-1947.  

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Where can I request additional information?

To request additional information, please fill out the request information form, which can be found here.