Fitch Upgrades Alsea’s Foreign and Local Currency Debt Ratings

Mexico City, September 8^th, 2022 — Alsea, S.A.B. de C.V. (BMV: ALSEA*) “Alsea”, the leading operator of quick service restaurants, coffee shops, casual and family dining establishments in Latin America and Europe, informs that Fitch Ratings upgraded Alsea’s Foreign and Local Currency Long-Term Issuer Default Ratings (IDR) to ‘BB’ from ‘BB-‘, its senior unsecured notes to ‘BB’ from ‘BB-‘ and the senior unsecured notes under its subsidiary Food Service Project, S.A. to ‘BB’ from ‘BB-‘. In addition, Alsea’s Local Currency Long-Term rating has been upgraded to ‘A+(mex)’ from ‘A-(mex)’, and its Local Currency Short-Term rating upgraded to ‘F1(mex)’ from ‘F2(mex)’ with a stable outlook.

The upgrade reflects the successful and consistent recovery in Alsea’s operating profitability. The Company has had six consecutive quarters of strong sales growth, highlighted by a 38.7% year over year same store sales (SSS) increase for 2Q22. Fitch was also encouraged by the reduction in Alsea’s leverage ratios, driven by consistent EBIDTA growth since 2021. Alsea’s adjusted leverage improved to 4.4x (calculated by Fitch) for the LTM period ending June 2022, from 6.3x for the same period ending in June 2021.

In addition, Fitch recognized the Company’s diversified portfolio of brands, including Domino’s Pizza, Starbucks, Burger King, Chili’s, and Foster’s Hollywood, that has continued to gain market share due to their superior product offering and meeting consumer preferences. Fitch emphasized Alsea’s successful diversification across its demographic segments in Mexico, South America, and Europe as a driver of sustained growth, and noted Alsea’s successful commercial and digital strategies for boosting sales, productivity and reducing costs.

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Investor Relations Contact Details

Salvador Villaseñor

ri@alsea.com.mx

Forward-Looking Statements

This press release contains certain forward-looking information regarding the Company’s results and outlook. However, actual results may vary materially from these estimates. Information on future events contained in this release should be read jointly with the risk summary in the Annual Report. This information, as well as future reports made by the Company or any of its representatives, whether verbally or in writing, may vary significantly from actual results. These projections and estimates, which are prepared in reference to a determined date, should not be taken as fact. The Company is in no way liable for updating or revising any of these projections and estimates, whether as a result of new information, future events or other associated events.

About Alsea

Alsea is the leading restaurant operator in Latin America and Europe of global brands in the quick service, coffee shop, fast casual, casual and family dining segments. It has a diversified portfolio, with brands such as Domino’s Pizza, Starbucks, Burger King, Chili’s, P.F. Chang’s, Italianni’s, The Cheesecake Factory, Vips, Vips Smart, El Portón, Archies, Foster’s Hollywood, Gino’s, TGI Fridays, Ole Mole and Corazón de Barro. The company operates more than 4,200 units in Mexico, Spain, Argentina, Chile, Colombia, France, Portugal, Netherlands, Belgium, Luxembourg and Uruguay. Alsea’s business model includes support for its brands through a Shared Services Center that provides all the Administrative and Development Processes, as well as the Supply Chain. For more information please visit: www.alsea.com.mx