GRUPO ELEKTRA ANNOUNCES EARLY AMORTIZATION

OF CERTIFICADOS BURSÁTILES FIDUCIARIOS FOR Ps.2,030 MILLION

-Grupo Elektra's outstanding financial results

allow to further strengthening the company's solid capital structure-

Mexico City, June 16, 2021-GrupoElektra, S.A.B. de C.V. (BMV: ELEKTRA*; Latibex: XEKT), Latin America's leading specialty retailer and financial services company, and the largest non-bank provider of cash advance services in the United States, today announced that it early amortized Certificados Bursátiles Fiduciarios for Ps.2,030 million.

The amount corresponds to the outstanding balance of the DINEXCB 16 issues - for Ps.1,350 million due 2023 with a rate of TIIE + 2.8% - and DINEXCB 16-2 for Ps.680 million, due 2026 and a fixed rate of 8.8%. The voluntary total early amortization was done at fair market value, equivalent to Ps.1,355 million and Ps.686 million, respectively, plus interests accrued up to the amortization date.

"Grupo Elektra's outstanding financial results translate into the generation of excess resources that allow for reductions in the company's debt balances prior to maturity; which further strengthen Grupo Elektra's solid capital structure and effectively reduce financial expenses," commented Esteban Galíndez, Finance Director in Grupo Salinas. "We anticipate, the superior results will also translate into more favorable financing terms for the company into the future, in the context of growing demand, in domestic and global markets, for Grupo Elektra's debt issuances".

During the first quarter of 2021, the company's consolidated revenue, EBITDA and operating profit continued their solid dynamism, and performance indicators of both the commercial and financial businesses showed the operational and financial strength of Grupo Elektra.

1

Company Profile:

Grupo Elektra is Latin America's leading financial services company and specialty retailer and the largest non-bank provider of cash advance services in the United States. The group operates more than 6,000 points of contact in Mexico, the United States, and Central America.

Grupo Elektra is a Grupo Salinas company (www.gruposalinas.com), a group of dynamic, fast growing, and technologically advanced companies focused on creating: economic value through market innovation and goods and services that improve standards of living; social value to improve community wellbeing; and environmental value by reducing the negative impact of its business activities. Created by Mexican entrepreneur Ricardo B. Salinas (www.ricardosalinas.com), Grupo Salinas operates as a management development and decision forum for the top leaders of member companies. These companies include TV Azteca (www.TVazteca.com; www.irtvazteca.com), Grupo Elektra (www.grupoelektra.com.mx), Banco Azteca (www.bancoazteca.com.mx), Purpose Financial (havepurpose.com), Afore Azteca (www.aforeazteca.com.mx), Seguros Azteca (www.segurosazteca.com.mx), Punto Casa de Bolsa (www.puntocasadebolsa.mx), Totalplay (irtotalplay.mx; www.totalplay.com.mx) and Totalplay Empresarial (totalplayempresarial.com.mx). TV Azteca and Grupo Elektra trade shares on the Mexican Stock Market and in Spains' Latibex market. Each of the Grupo Salinas companies operates independently, with its own management, board of directors and shareholders. Grupo Salinas has no equity holdings. The group of companies shares a common vision, values and strategies for achieving rapid growth, superior results and world-class performance.

Except for historical information, the matters discussed in this press release are concepts about the future that involve risks and uncertainty that may cause actual results to differ materially from those projected. Other risks that may affect Grupo Elektra and its subsidiaries are presented in documents sent to the securities authorities.

Investor Relations:

Bruno Rangel

Rolando Villarreal

Grupo Salinas

Grupo Elektra, S.A.B. de C.V.

Tel. +52 (55) 1720-9167

Tel. +52 (55) 1720-9167

jrangelk@gruposalinas.com.mx

rvillarreal@elektra.com.mx

Press Relations:

Luciano Pascoe

Tel. +52 (55) 1720 1313 ext. 36553 lpascoe@gruposalinas.com.mx

2

Attachments

  • Original document
  • Permalink

Disclaimer

TV Azteca SAB de CV published this content on 16 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 July 2021 22:13:07 UTC.