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OUTLOOK 2016 10
ALFA 2016 Guidance (U.S. $ Millions)
REVENUES EBITDA CAPEX
2015 2016e % 2015 Ext. Items
Adj. 2015 2016e % 2015* 2016e
ALFA 16,315 15,775 (3) 2,420 210 2,210 2,167 (2) 1,606 1,320
Sigma 5,901 5,900 0 869 161 708 680 (4) 660 360
Alpek 5,284 4,800 (9) 630 26 604 630 4 317 320
Nemak 4,482 4,500 0 759 -‐ 759 775 2 460 495
Alestra1 389 380 (2) 166 23 143 130 (9) 101 110
Newpek 89 57 (36) 40 -‐ 40 10 (75) 59 30 *Including acquisi,ons
AssumpQons: Mx GDP growth: 2.4% USA GDP growth: 2.5% Avg. exchange rate Mx Peso to US$: $18.0 Avg. exchange rate Euro to US$: $1.07 Avg. oil price (Brent): US$38/barrel
ALFA Guidance 2016
1 Does not include Axtel
Note: Guidance as of February 11, 2016