# EDGAR Filing Document

**Accession Number:** 0001061736
**File Stem:** 0001104659-23-022454
**Filing Date:** 2023-2
**Character Count:** 11947
**Document Hash:** da003ea315ed8a47bed86913b4b18d82
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-022454.hdr.sgml**: 20230215

**ACCESSION NUMBER**: 0001104659-23-022454

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20230215

**FILED AS OF DATE**: 20230215

**DATE AS OF CHANGE**: 20230215

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MEXICAN ECONOMIC DEVELOPMENT INC
- **CENTRAL INDEX KEY:** 0001061736
- **STANDARD INDUSTRIAL CLASSIFICATION:** BOTTLED & CANNED SOFT DRINKS CARBONATED WATERS [2086]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** O5
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-35934
- **FILM NUMBER:** 23636439

**BUSINESS ADDRESS:**
- **STREET 1:** GENERAL ANAYA NO 601 PTE
- **STREET 2:** COLONIA BELLA VISTA
- **CITY:** MONTERREY, N.L.
- **STATE:** O5
- **ZIP:** 64410
- **BUSINESS PHONE:** 528183286167

**MAIL ADDRESS:**
- **STREET 1:** GENERAL ANAYA NO 601 PTE
- **STREET 2:** COLONIA BELLA VISTA
- **CITY:** MONTERREY, N.L.
- **STATE:** O5
- **ZIP:** 64410

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of February 2023

FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V.

(Exact name of Registrant as specified in its charter)

Mexican Economic Development, Inc.

(Translation of Registrant's name into English)

United Mexican States

(Jurisdiction of incorporation or organization)

General Anaya No. 601 Pte.<br> Colonia Bella Vista<br> Monterrey, Nuevo León 64410<br> México

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports

under cover of Form 20-F or Form 40-F:

Form 20-F ⌧ Form 40-F ◻

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ◻

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ◻

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes ◻ No ⌧

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-_____________

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf of the undersigned, thereunto duly authorized.

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| |
|:---|
| FOMENTO ECONÓMICO MEXICANO, S.A. DE C.V. |
| By: <u>/s/ Eugenio Garza y Garza</u> |
| Eugenio Garza y Garza |
| Director of Finance and Corporate Development |

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Date: February 15, 2023

## Exhibit 99.1

**Exhibit 99.1**

![](tm237008d1_ex99-1img01.jpg)

**FEMSA *Forward***

**Focused Leadership in Retail & Beverages**

Announcing results of strategic review

**Monterrey, Mexico, February 15, 2023 —** Fomento Económico Mexicano, S.A.B. de C.V. ("FEMSA" or the "Company") (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today that its Board of Directors has approved a new long-range plan to maximize value creation, as well as a series of decisions resulting from its strategic review process.

&nbsp;&nbsp;&nbsp;&nbsp;· During
 2022 FEMSA carried out a thorough strategic review of its business platform, including the
 bottom-up definition of long-range plans for each business unit, as well as the top-down
 analysis of the optimal corporate and capital structure, to ensure full alignment between
 the Board and management as to how to pursue and maximize value creation.

&nbsp;&nbsp;&nbsp;&nbsp;· Consistent
 with this vision, FEMSA has determined that the best path to maximize long term value creation
 is by focusing on its core business verticals which have the highest strategic relevance,
 growth potential, and financial and competitive strength:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Retail,
 with excellent long-term growth opportunities, comprised of Proximity, Health, and Fuel.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Coca-Cola
 FEMSA, leveraging its leading competitive position and excellent execution, combined with
 significant financial strength and strategic opportunities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Digital,
 building a powerful value-added financial ecosystem, while playing a key role in leveraging
 the connection among FEMSA's core business units.

&nbsp;&nbsp;&nbsp;&nbsp;· The
 decisions announced today, and the resulting corporate and capital structure, are aligned
 with FEMSA's strategic priorities of driving long-term growth, increasingly enabled
 by digital capabilities, always within its core business verticals, and with a disciplined
 capital allocation approach.

José Antonio Fernández Carbajal, FEMSA's Executive Chairman of the Board, commented:

"After thoroughly analyzing our business platforms, including their strategic opportunities, long-range plans, and the best strategy to continue to drive growth and allocate capital in the future, FEMSA's Board of Directors has approved a series of decisive actions. Once completed, these actions will materially simplify FEMSA's corporate structure, providing increased strategic clarity and focus. They will also allow us to return capital to our shareholders over time."

Daniel Rodríguez Cofré, FEMSA's Chief Executive Officer, commented:

"Following the definition and approval of FEMSA's long-range plan, we are convinced that the best way to continue creating value at FEMSA is through a structure that focuses solely on the businesses that are core to us, where we have built leading platforms, and that have proven capabilities, financial strength, and dynamic avenues for growth. Just as importantly, we are providing the strategic framework, priorities, and capital structure parameters that will increase visibility into FEMSA for investors and market participants. We are confident that the FEMSA *Forward* vision presented today will position our company to create significant economic, social, and sustainable long-term value for all our shareholders."

Specific actions to be taken

As a result of the review, the Board of Directors of FEMSA has approved a series of actions and divestitures conducive to achieving this strategic focus within the next 24 to 36 months:

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| | | | |
|:---|:---|:---|:---|
| <br> **Investor Contact**<br> (52) 818-328-6000<br> investor@femsa.com.mx<br> femsa.gcs-web.com | **Media Contact**<br> (52) 555-249-6843<br> comunicacion@femsa.com.mx<br> femsa.com | February 15, 2023 | \| Page 1 |

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![](tm237008d1_ex99-1img01.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;▪ Divestiture
 of Heineken investment, subject to market conditions. FEMSA-appointed directors
 will resign from the Heineken Boards.

&nbsp;&nbsp;&nbsp;&nbsp;▪ FEMSA
 will explore strategic alternatives for Envoy Solutions, FEMSA's other minority investment,
 and other non-core, non-strategic business units.

&nbsp;&nbsp;&nbsp;&nbsp;▪ FEMSA
 will seek to reduce its existing debt to achieve a target leverage of approximately 2x Net
 Debt/EBITDA ex-KOF<sup>1</sup>, maintaining a solid investment grade credit rating.

&nbsp;&nbsp;&nbsp;&nbsp;▪ Capital
 in excess of that required for organic and inorganic growth in our core business verticals
 will be returned to FEMSA shareholders over time.

Recent Developments

&nbsp;&nbsp;&nbsp;&nbsp;· Based
 on preliminary unaudited figures for the fourth quarter of 2022, FEMSA's total consolidated
 revenues increased 23% driven by growth across all of FEMSA's business units. Over
 the same period, gross profit increased 21% and income from operations increased 12%. Net
 consolidated income was Ps. 9,257 million.

FEMSA's management will host a conference call on **February 17, 9:00 AM EST (8:00 AM Mexico Central Time)** to go over today's announcement in more detail. **Please register <u>here</u> to participate.**

<sup>1</sup> Net Debt / EBITDA ex-KOF: (Total Financial Debt ex-KOF + Lease Liabilities ex-KOF – Total Cash ex-KOF) / (FEMSA Retail businesses EBITDA + dividends received from Coca-Cola FEMSA)

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| | | | |
|:---|:---|:---|:---|
| <br> **Investor Contact**<br> (52) 818-328-6000<br> investor@femsa.com.mx<br> femsa.gcs-web.com | **Media Contact**<br> (52) 555-249-6843<br> comunicacion@femsa.com.mx<br> femsa.com | February 15, 2023 | \| Page 2 |

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![](tm237008d1_ex99-1img01.jpg)

This communication contains preliminary unaudited financial information that has been prepared in accordance with IFRS, as issued by the IASB. This preliminary unaudited financial information has not been audited or reviewed by our independent auditors and material differences may result from such audit or review.

This communication also contains financial information that is not calculated or recognized in accordance with IFRS. This non-IFRS financial information is based on or derives from our accounting books and records. Non-IFRS financial information may be useful as supplemental information, but may be calculated differently or not be comparable with similar financial information used by other companies in the same or similar industries. Non-IFRS financial information should not be considered as an alternative to financial information prepared in accordance with IFRS.

**Forward-Looking Statements**

This communication contains forward-looking statements. Forward-looking statements are information of a non-historical nature or which relate to future events and are subject to risks and uncertainties. No assurance can be given that any of the plans and transactions described herein will be consummated or as to the ultimate terms of any such plans or transactions. FEMSA undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or future events or for any other reason.

**About FEMSA**

FEMSA is a company that creates economic and social value through companies and institutions and strives to be the best employer and neighbor to the communities in which it operates. It participates in the retail industry through a Proximity Division operating OXXO, a small-format store chain, OXXO Gas, a chain of retail service stations, and Valora, an operator of convenience and foodvenience formats present in 5 countries in Europe. In the retail industry it also participates though a Health Division, which includes drugstores and related activities and Digital@FEMSA, which includes Spin by OXXO and OXXO Premia, among other loyalty and digital financial services initiatives. In the beverage industry, it participates through Coca-Cola FEMSA, the largest franchise bottler of Coca-Cola products in the world by volume; and in the beer industry, as the second largest shareholder of Heineken, one of the world's leading brewers with operations in over 70 countries. FEMSA also participates in the logistics and distribution industry through its Strategic Business Unit, which additionally provides point-of-sale refrigeration and plastic solutions to its business units and third-party clients. Across its business units, FEMSA has more than 320,000 employees in 18 countries. FEMSA is a member of the Dow Jones Sustainability MILA Pacific Alliance, the FTSE4Good Emerging Index and the Mexican Stock Exchange Sustainability Index: S&P/BMV Total México ESG, among other indexes that evaluate its sustainability performance.

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| | | | |
|:---|:---|:---|:---|
| <br> **Investor Contact**<br> (52) 818-328-6000<br> investor@femsa.com.mx<br> femsa.gcs-web.com | **Media Contact**<br> (52) 555-249-6843<br> comunicacion@femsa.com.mx<br> femsa.com | February 15, 2023 | \| Page 3 |

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