Modified · INTRODUCTION

We are an international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy with powerful, consumer-connected, high-quality brands like Modelo Especial, Corona Extra, Pacifico, Robert Mondavi WineryVictoria, Kim Crawford, Ruffino, The Prisoner Wine Company, High WestRobert Mondavi Winery, Casa NobleMi CAMPO, and Mi CAMPOHigh West. In the U.S., we are one of the top growth contributors at retail dollar share gainers among beverage alcohol suppliers. We are also the second-largest beer company and have the #1 beer brand, Modelo Especial, in dollar sales in the U.S. We continued to strengthen our leadership position in the U.S. beer market as the #1 dollar share gainer in the high-end overall U.S. beer segmentmarket, and the overall U.S. beer market#2 dollar share gainer in the high-end. Within wine and spirits, we have implemented a multi-year strategy to repositionthat repositioned this business to a portfolio of exclusively higher-end brands that we believe will generate higher growth and higher marginsis positioned for long-term growth, aligned to our focus on consumer-led premiumization trends, and we continue to progressively expand our supply channels through DTC and international markets. The strength of our brands makes us a supplier of choice to many of our consumers and our customersCustomers, which include wholesale distributors, retailers, and on-premise locationsretailers. We conduct our business through entities we wholly own as well as through a variety of joint ventures and other entities.