Relevant Financial Information

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Debt

 HERDEZ13HERDEZ17HERDEZ20HERDEZ20-2Bancomext
Amount (Ps. Million)$2,000$2,000$2,500$1,000$2,000
Issuance dateNov 15, 2013June 1, 2017August 25, 2020August 25, 2020October 29, 2019
Expiration dateNov 3, 2023May 20, 2027August 13, 2030August 19, 2025October 29, 2029
Term10 years10 years10 years5 years10 years
RateFixed – 8.02%Fixed – 9.22%Fixed – 7.78%Floating – TIIE28 + 89 pbFloating – TIIE91 + 140 pb
CapitalBullet paymentBullet paymentBullet paymentBullet paymentBiannual
Placement BrokerCasa de Bolsa BBVA Bancomer, S.A. de C.V., Grupo Financiero Bancomer

HSBC Casa de Bolsa, S.A. de C.V., Grupo Financiero HSBC
Casa de Bolsa BBVA Bancomer, S.A. de C.V., Grupo Financiero BancomerCasa de Bolsa BBVA Bancomer, S.A. de C.V., Grupo Financiero BBVA Bancomer Casa de Bolsa BBVA Bancomer, S.A. de C.V., Grupo Financiero BBVA Bancomer

Citibanamex Casa de Bolsa, S.A. de C.V., Casa de Bolsa, integrante de Grupo Financiero Citibanamex

Herdez – Prospectus (with exhibits) (Spanish only)

Fixed Rate Supplement (HERDEZ 20) (Spanish only)

Variable Rate Supplement – (HERDEZ 20-2) (Spanish only)

Roadshow Herdez 22L and 22-2L presentation

Rating agencyStandard and Poor’sFitch Ratings
Debt instrumentLocal Bonds HERDEZ13, HERDEZ17, HERDEZ20 & HERDEZ20-2
RatingmxAAAA(mex)
OutlookStableStable
Release dateNovember 22, 2021May 09, 2022

  • Bank loan
  • Herdez 20
  • Herdez 13
  • Herdez 20-2
  • Herdez 17

Debt rating

Rates Mix

Consolidated figures in millions of mexican pesos. The debt mix includes hedges.

Additional information

 20082009201020112012201320142015201620172018201920202021
DPS (Shares)00030.10040.10000000
Dividend per share0.500.500.750.850.850.850.850.900.900.901.001.11.11.2
Payout ratio37%29%41%48%46%60%48%100%54%37%37%44%51%51%
Yield4.0%2.9%3.4%3.4%2.1%1.8%2.4%2.0%2.4%2.0%2.4%2.7%3.1%2.8%

Dividends paid in cash and/or shares only consider shares outstanding, i.e., shares of the repurchase fund are not included.

DPS: dividend per share

Return = Ordinary dividend per share / Closing stock price on ex-dividend date.

2021*: Calculation based on the last 12 months.

Historical Dividends | Dividend Yield

20142015201620172018201920202021
2.4%2.0%2.4%2.2%2.4%2.7%3.1%2.8%

Shares outstanding355 M
Treasury Stock7 M
EPS* 2021 vs 2020(7.8%)
Dividend payment51%
Dividend yield+2.8%

The main objective of the Buyback Program is to benefit the liquidity of the stock by increasing the volume traded. The Company buys the shares in the market and keeps them in the Treasury.

On April 21, 2022, the Shareholders’ Meeting approved a maximum amount of $2.5 billion pesos to be allocated for the Share Buyback Program and to be spent in the next 12 months.

TERMAMOUNTVOLUME
3Q20$253,888,9796,553,371
4Q20$258,686,3586,549,726
1Q21$132,992,9243,108,129
2Q21$397,820,2878,865,217
3Q21$83,226,3632,031,352
4Q21$143,892,9373,785,930
1Q22$65,429,5992,287,828