Relevant Financial Information

Quarterly
Report

Investor
Presentation

Quarterly Conference
Call Audio

Quarterly Conference
Call Transcript

Annual Report
(PDF)

Annual Report
(Web)

Annual Report
(BMV)

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)

Rating agencyStandard and Poor’sFitch Ratings
Debt instrumentLocal Bonds HERDEZ13, HERDEZ17, HERDEZ20 & HERDEZ20-2
RatingmxAAAA(mex)
OutlookNegativeNegative
Release dateJune 2, 2020May 19, 2021

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

Debt rating

Agency
S & P Ratings
Fitch Ratings
Rating
mxAA
AA(mex)
Perspective
Negative
Negative

Rates Mix

Financial Debt
9,500
Average Cost
7.46%
Net Debt / EBITDA
1.9
Net Debt / Shareholder’s Equity
0.43

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%2.7%

Shares outstanding365 M
Treasury Stock11 M
EPS* LTM2Q21 vs LTM2Q205.8%
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 22, 2021, the Shareholders’ Meeting approved a maximum amount of $1.5 billion pesos to be allocated for the Share Buyback Program and to be spent in the next 12 months.

TERMAMOUNTVOLUME
2Q20$339,495,03510,301,639
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
 

Grupo Herdez has retained the services of a Market Maker to increase the liquidity of its shares in the Market and promote share price stability and continuity.

Since January 29, 2021, BTG Pactual Casa de Bolsa, S.A. de C.V., acts as Market Maker for Grupo Herdez.

The Market Maker trades the following securities:
Type of Securities: Share
Market on which the shares are listed: Mexican Stock Exchange (Bolsa Mexicana de Valores)
Ticker Symbol: HERDEZ*