The following is a summary of the Alfa S.A.B. De C.V. (ALFFF) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Alfa reported double-digit growth of EBITDA in Q1 from both business units, driven by higher volumes.

• Alpek's Q1 comparable EBITDA was $154 million, in line with full-year guidance, benefiting from implementing a comprehensive savings plan since early 2023.

• Sigma achieved an all-time high quarterly consolidated EBITDA with a year of consecutive monthly revenue growth.

Business Progress:

• Alpek is improving Asian reference polyester margins while focusing on enhancing cash flow and reducing CapEx.

• Sigma reported record quarterly volume across its business units and is strengthening its brand portfolio. New initiatives include the Tastech programme, leveraging industry advancements and AI.

• Alfa is progressing with separation plans for Alpek and debt reduction for remaining entities, targeting a net debt closer to $2.5 billion to ensure healthy leverage post-separation.

• Alfa maintains low leverage with a net ratio of 2.2x, aided by successful local note placements and plans for more in Q2 2024, reflecting its commitment to sustainable growth and innovation.

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