MONTERREY, Mexico, Feb. 15, 2022 /PRNewswire/ -- ALFA, S.A.B. de C.V. (BMV: ALFAA) ("ALFA"), a company that has developed a diversified portfolio of leading businesses with global operations, announced today its unaudited results for the fourth quarter of 2021 ("4Q21"). All figures have been prepared in accordance with International Financial Reporting Standards ("IFRS").

4Q21 HIGHLIGHTS

Message from ALFA's President

"We hope you are all continuing to stay safe and healthy considering the recent surge of the Omicron variant of COVID-19. We are pleased to report that ALFA delivered another strong quarter and annual results exceeded Guidance, while maintaining consistent progress toward the Unlocking Value strategy and advancing ESG efforts.

Quarterly revenue and EBITDA were up 27% and 21% year over year, respectively. For the full year, ALFA achieved record revenue of US $15.2 billion and posted second best EBITDA of US $2.0 billion. Strong consolidated financial results underscore our businesses' capabilities to drive growth in a highly dynamic and fluid macro environment.

Alpek continued to beat expectations boosted by strong reference margins in Polyester and Plastics & Chemicals during 4Q21. Sigma also delivered stronger than expected performance, driven by double-digit 4Q21 EBITDA growth in Mexico and Europe. Alpek and Sigma reached all-time high annual revenue and EBITDA in 2021. By contrast, equipment delays caused by the global semi-conductor shortage, lower Government sales and a decrease in Enterprise voice revenue weighed on Axtel's quarterly and annual results.

Solid operating and financial performance reinforce ALFA's Unlocking Value strategy and enhances the Company's unique position to leverage real options and timing flexibility. We remain fully committed to eliminating ALFA's conglomerate discount through consistent progress focused on three key implementation directives:

On the ESG front, ALFA and its businesses continued integrating best-practices into their long-term strategies during 2021, contributing towards a more sustainable future. For the second consecutive year, ALFA's rating increased in the S&P Global Corporate Sustainability Assessment and remains above the industry average for conglomerates. We are driven to improve continuously on Environmental, Social and Governance dimensions. Alpek set specific targets to reduce its scope 1 and 2 emissions and increase its PET bottle recycling capabilities. Sigma secured more than 60% of its power needs from cleaner and renewable energy sources as it navigates toward net-zero emissions. Moreover, "ALFA Fundación" continued to support social mobility through education, benefitting over 1,900 junior high, high school and university students in Mexico. Related to Governance, a periodic review of ESG topics was incorporated to ALFA's Audit Committee agenda, with results reported to ALFA's Board of Directors.

2021 was an exceptional year. My sincere appreciation to the entire ALFA team for their dedication and hard work, managing through a complex environment to serve our customers and deliver on our objectives. We look forward to another strong year in 2022."

Keep well/Stay safe,

Álvaro Fernández

Contact
Hernán F. Lozano
V.P. of Investor Relations
ALFA, S.A.B. de C.V.
T. +52 (81) 8748-2521
iralfa@alfa.com.mx

Carolina Alvear
Corporate Communication Director
ALFA, S.A.B. de C.V.
T. +52 (81) 8748-2521
comunicacion@alfa.com.mx

About ALFA

ALFA manages a diversified portfolio of leading businesses with global operations: Sigma, a leading multinational food company, focused on the production, marketing and distribution of quality foods through recognized brands in Mexico, Europe, United States and Latin America. Alpek, one of the world's leading producers of polyester (PTA, PET, rPeT and fibers), and the leader in the Mexican market for polypropylene and expandable polystyrene (EPS). Axtel, a provider of Information Technology and Communication services for the enterprise and government segments in Mexico. In 2021, ALFA reported revenues of Ps. 308,060 million (US $15.2 billion), and EBITDA of Ps. 41,050 million (US $2.0 billion). ALFA's shares are quoted on the Mexican Stock Exchange and on Latibex, the market for Latin American shares of the Madrid Stock Exchange. For more information, please visit www.alfa.com.mx

Disclaimer

This release may contain forward-looking information based on numerous variables and assumptions that are inherently uncertain. They involve judgments with respect to, among other things, future economic, competitive and financial market conditions and future business decisions, all of which are difficult or impossible to predict accurately. These uncertainties include, but are not limited to, risks related to the impact of the COVID-19 global pandemic, such as the scope and duration of the outbreak, government actions and restrictive measures implemented in response, availability of workers and contractors due to illness and stay at home orders, supply chain disruptions and other impacts to the business, or on the Company's ability to execute business continuity plans, as a result thereof. Accordingly, results could vary from those set forth in this release. The report presents unaudited financial information. Figures are presented in Mexican Pesos or US dollars, as indicated. Where applicable, Peso amounts were translated into US dollars using the average exchange rate of the months during which the operations were recorded. Financial ratios are calculated in US dollars. Due to the rounding up of figures, small differences may occur when calculating percent changes from one period to the other.

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SOURCE ALFA, S.A.B. de C.V.