BUDGET NETMD OPERATION 2023 and EXPANTION LATAM Versión 20/12/22 V. 3.

Based in Work paper december 2022

A) REVENUES By Country FY 2023 Estimated Sales By Months. FY23
Country Business Line Proj Dec 2022 %V NetMD %H ene-23 feb-23 mar-23 abr-23 may-23 jun-23 jul-23 ago-23 sep-23 oct-23 nov-23 dic-23 Total
Argentina USD 1.045.200 82% USD 1.133.000 108% USD 136.506 USD 79.310 USD 113.300 USD 67.980 USD 56.650 USD 45.320 USD 90.640 USD 79.310 USD 101.970 USD 113.300 USD 124.630 USD 124.630 USD 1.133.546
Educational Content USD 82.000 6% USD 110.000 134% USD 13.253 USD 7.700 USD 11.000 USD 6.600 USD 5.500 USD 4.400 USD 8.800 USD 7.700 USD 9.900 USD 11.000 USD 12.100 USD 12.100 USD 110.053
Educational Program USD 590.200 46% USD 790.000 134% USD 95.181 USD 55.300 USD 79.000 USD 47.400 USD 39.500 USD 31.600 USD 63.200 USD 55.300 USD 71.100 USD 79.000 USD 86.900 USD 86.900 USD 790.381
Market Research USD 139.000 11% USD 89.000 64% USD 10.723 USD 6.230 USD 8.900 USD 5.340 USD 4.450 USD 3.560 USD 7.120 USD 6.230 USD 8.010 USD 8.900 USD 9.790 USD 9.790 USD 89.043
Promotional Program USD 234.000 18% USD 144.000 62% USD 17.349 USD 10.080 USD 14.400 USD 8.640 USD 7.200 USD 5.760 USD 11.520 USD 10.080 USD 12.960 USD 14.400 USD 15.840 USD 15.840 USD 144.069
Colombia USD 68.000 5% USD 200.000 294% USD 0 USD 12.000 USD 12.000 USD 12.000 USD 15.000 USD 15.000 USD 24.000 USD 25.000 USD 25.000 USD 20.000 USD 20.000 USD 20.000 USD 200.000
Educational Program USD 68.000 5% USD 200.000 294% USD 0 USD 12.000 USD 12.000 USD 12.000 USD 15.000 USD 15.000 USD 24.000 USD 25.000 USD 25.000 USD 20.000 USD 20.000 USD 20.000 USD 200.000
Mexico USD 102.200 8% USD 465.000 455% USD 23.000 USD 0 USD 0 USD 25.000 USD 31.500 USD 25.500 USD 32.955 USD 32.000 USD 35.000 USD 43.000 USD 94.123 USD 122.923 USD 465.000
Promotional Program USD 62.200 5% USD 420.000 675% USD 23.000 USD 10.000 USD 12.000 USD 15.000 USD 32.955 USD 32.000 USD 35.000 USD 43.000 USD 94.123 USD 122.923 USD 420.000
Educational Program USD 40.000 3% USD 45.000 113% USD 15.000 USD 19.500 USD 10.500 USD 0 USD 0 USD 0 USD 45.000
USA USD 65.000 5% USD 183.000 282% USD 14.640 USD 12.810 USD 18.300 USD 12.810 USD 12.810 USD 12.810 USD 15.580 USD 22.810 USD 12.810 USD 12.810 USD 12.810 USD 22.000 USD 183.000
Educational Program USD 43.000 3% USD 140.000 326% USD 11.200 USD 9.800 USD 14.000 USD 9.800 USD 9.800 USD 9.800 USD 12.570 USD 19.800 USD 9.800 USD 9.800 USD 9.800 USD 16.000 USD 142.170
Promotional Program USD 22.000 2% USD 43.000 195% USD 3.440 USD 3.010 USD 4.300 USD 3.010 USD 3.010 USD 3.010 USD 3.010 USD 3.010 USD 3.010 USD 3.010 USD 3.010 USD 6.000 USD 40.830
Total USD 1.280.400 100% USD 1.981.000 155% USD 174.146 USD 104.120 USD 143.600 USD 117.790 USD 115.960 USD 98.630 USD 163.175 USD 159.120 USD 174.780 USD 189.110 USD 251.563 USD 289.553 USD 1.981.546
55%

B) COGS + MKT + ADM Expenses By Country Estimated Expenses By Countries and Months . FY23
Months ene-23 feb-23 mar-23 abr-23 may-23 jun-23 jul-23 ago-23 sep-23 oct-23 nov-23 dic-23 Total
Argentina USD 90.556 USD 54.142 USD 74.672 USD 61.251 USD 54.000 USD 43.000 USD 84.851 USD 75.000 USD 90.886 USD 98.337 USD 97.000 USD 120.000 USD 943.695
Colombia USD 7.200 USD 4.600 USD 4.600 USD 4.600 USD 4.600 USD 5.600 USD 5.600 USD 5.600 USD 5.600 USD 5.600 USD 5.900 USD 6.600 USD 66.100
Mexico USD 13.500 USD 4.000 USD 4.000 USD 4.000 USD 4.600 USD 6.175 USD 7.450 USD 9.098 USD 10.698 USD 12.448 USD 13.308 USD 15.190 USD 90.300
USA USD 9.000 USD 2.500 USD 2.500 USD 2.500 USD 10.500 USD 12.700 USD 14.100 USD 10.500 USD 10.500 USD 0 USD 0 USD 0 USD 74.800
Total USD 120.256 USD 65.242 USD 85.772 USD 72.351 USD 73.700 USD 67.475 USD 112.001 USD 100.198 USD 117.683 USD 116.385 USD 116.208 USD 141.790 USD 1.189.061

C- Operating Margin By Countries Operating Margin by Countries

Months ene-23 feb-23 mar-23 abr-23 may-23 jun-23 jul-23 ago-23 sep-23 oct-23 nov-23 dic-23 Total
Argentina USD 45.950 USD 25.168 USD 38.628 USD 6.729 USD 2.650 USD 2.320 USD 5.789 USD 4.310 USD 11.084 USD 14.963 USD 27.630 USD 4.630 USD 189.851
Colombia (USD 7.200) USD 7.400 USD 7.400 USD 7.400 USD 10.400 USD 9.400 USD 18.400 USD 19.400 USD 19.400 USD 14.400 USD 14.100 USD 13.400 USD 133.900
Mexico USD 9.500 (USD 4.000) (USD 4.000) USD 21.000 USD 26.900 USD 19.325 USD 25.505 USD 22.902 USD 24.302 USD 30.552 USD 80.815 USD 107.732 USD 346.368
USA USD 5.640 USD 10.310 USD 15.800 USD 10.310 USD 2.310 USD 110 USD 1.480 USD 12.310 USD 2.310 USD 12.810 USD 12.810 USD 22.000 USD 108.200
Total USD 53.890 USD 38.878 USD 57.828 USD 45.439 USD 42.260 USD 31.155 USD 51.174 USD 58.922 USD 57.097 USD 72.725 USD 135.355 USD 147.762 USD 792.485

D) Investment for Latam Investment for develope Latam Markets

Months ene-23 feb-23 mar-23 abr-23 may-23 jun-23 jul-23 ago-23 sep-23 oct-23 nov-23 dic-23 Total
Argentina USD 0 USD 0 USD 0 USD 0 USD 0 USD 0 USD 0 USD 0 USD 0 USD 0 USD 0 USD 0 USD 0
Colombia USD 7.200 USD 4.600 USD 4.600 USD 4.600 USD 4.600 USD 5.600 USD 5.600 USD 5.600 USD 5.600 USD 5.600 USD 5.900 USD 6.600 USD 66.100
Mexico USD 13.500 USD 4.000 USD 4.000 USD 4.000 USD 4.600 USD 6.175 USD 7.450 USD 9.098 USD 9.553 USD 10.030 USD 10.532 USD 7.362 USD 90.300
USA y Regional Latam USD 31.008 USD 29.800 USD 18.300 USD 18.300 USD 19.215 USD 20.176 USD 21.185 USD 22.244 USD 23.356 USD 24.524 USD 16.226 USD 11.000 USD 255.333
Total USD 51.708 USD 38.400 USD 26.900 USD 26.900 USD 28.415 USD 31.951 USD 34.235 USD 36.942 USD 38.509 USD 40.154 USD 32.658 USD 24.962 USD 411.733