| Key Financial Information Grupo Carso 2022 | ||||
| (Amounts in thousand pesos, except earnings per share, which is shown in pesos, and outstanding shares) | 2020 | 2021 | 2022 | Var % 2022-2021 |
| Sales | 94,684,370 | 124,572,789 | 181,538,678 | 45.7% |
| Gross Profit | 23,728,955 | 30,624,023 | 44,359,946 | 44.9% |
| Operating Income | 8,916,259 | 12,856,985 | 25,965,096 | 102.0% |
| EBITDA | 11,206,330 | 15,723,702 | 27,478,334 | 74.8% |
| Controlling Participation in Net Income |
5,706,408 | 11,282,039 | 19,061,904 | 69.0% |
| Earnings per share (EPS)* | 2.51 | 5.00 | 8.47 | 69.2% |
| MARGINS | ||||
| Gross | 25.1% | 24.6% | 24.4% | -0.1 pp |
| Operating | 9.4% | 10.3% | 14.3% | 4.0 pp |
| EBITDA | 11.8% | 12.6% | 15.1% | 2.5 pp |
| Net | 6.0% | 9.1% | 10.5% | 1.4 pp |
| REVENUES | ||||
| Retail | 39,612,874 | 52,939,372 | 64,807,342 | 22.4% |
| Industrial | 32,936,523 | 44,259,032 | 49,599,601 | 12.1% |
| Infrastructure and Construction | 24,541,851 | 25,472,323 | 38,813,412 | 52.4% |
| Elementia/Fortaleza | 28,044,481 | 32,283,955 | 24,114,919 | -25.3% |
| Energy | 911,757 | 2,994,411 | 4,114,856 | 37.4% |
| EBITDA** | ||||
| Retail | 2,040,573 | 4,724,106 | 7,124,285 | 50.8% |
| Industrial | 4,653,908 | 6,026,669 | 6,850,756 | 13.7% |
| Infrastructure and Construction | 3,644,920 | 1,828,355 | 4,887,478 | 167.3% |
| Elementia/Fortaleza | 3,560,870 | 5,591,636 | 3,992,567 | -28.6% |
| Energy | 560,633 | 2,280,280 | 3,378,834 | 48.2% |
| EBITDA MARGINS | ||||
| Retail | 5.2% | 8.9% | 11.0% | 2.1 pp |
| Industrial | 14.1% | 13.6% | 13.8% | 0.2 pp |
| Infrastructure and Construction | 14.9% | 7.2% | 12.6% | 5.4 pp |
| Elementia/Fortaleza | 12.7% | 17.3% | 16.6% | -0.8 pp |
| Energy | 61.5% | 76.2% | 82.1% | 6.0 pp |
| Total Assets | 169,826,599 | 185,773,253 | 239,382,102 | 28.9% |
| Total Liabilities | 69,111,756 | 71,698,606 | 104,527,859 | 45.8% |
| Stockholders' Equity | 100,714,843 | 114,074,647 | 134,854,243 | 18.2% |
| Compounded Average Outstanding Shares ('000) |
2,276,143 | 2,267,648 | 2,251,633 | -0.7% |
* EPS: Calculated as Controlling Participation in Net Income divided by the compounded average shares outstanding.
** EBITDA: Income before income taxes plus depreciation and amortization, interest expense, impairment of machinery and equipment and exploration expenses, and effect on valuation of derivative financial instruments, less interest income, net foreign exchange gain, surplus from appraisals of shopping centers and equity in earnings of associated companies and joint ventures. Conciliation in Note 32 of the FInancial Statements.
Revenues (Million Pesos)
Operating Income (Million Pesos)
EBITDA* (Million Pesos)
*Note: Impairment of machinery and equipment and exploration expenditures, as well as environmental remediation, were considered in the 2020 EBITDA calculation. Not included were the surplus from shopping center appraisals, impairment of machinery and equipment and exploration expenditures and the valuation of labor obligations. For the calculation of EBITDA for 2021 and 2022, in addition to these items, the valuation effect of derivative financial instruments was not considered and the valuation of labor obligations was considered. See EBITDA reconciliation in Note 33. “Segment Reporting” in the Financial Statements.
