APRIL 20, 2017KIMBERLY-CLARK DE MXICO, S.A.B. DE C.V.

FIRST QUARTER 2017RESULTS

HIGHLIGHTS:

- NET SALES ROSE 9.2% TO PS. $9.5 BILLION A NEW QUARTERLY RECORD, DRIVEN BY VOLUME AND BETTER PRICING & MIX

- OPERATING PROFIT AND NET INCOME DECLINED BY 10.8% AND 1.3% RESPECTIVELY, MAINLY REFLECTING AN INCREASED FX PRESSURE ON COSTS DURING THE QUARTER

- EBITDA OF PS. $2.3 BILLIONAND 23.8% MARGIN

- COST SAVINGS OF APPROXIMATELY PS. $300 MILLION DURING THE QUARTER

- NEW TISSUE AND WIPES BASE SHEET EXPANSION TO START UP IN 4Q

QUARTERLY FINANCIAL RESULTS

PREPARED IN ACCORDANCE WITH INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS)MILLION PESOS

1Q'17 1Q'16 CHANGENET SALES $9,531 $8,728 9.2%

GROSS PROFIT 3,385 3,436 (1.5)%OPERATING PROFIT 1,828 2,050 (10.8)%

NET INCOME 1,095 1,110 (1.3)%EBITDA 2,264 2,459 (7.9)%

NET SALES WERE 9.2% HIGHER THAN PREVIOUS YEAR. A PRICEAND MIX CONTRIBUTION OF 6.9% WAS THE RESULT OF PRICING INITIATIVES IMPLEMENTED OVER THE LAST TWELVE MONTHS. VOLUME GROWTH WAS 2.3%.CONSUMER PRODUCT REVENUES INCREASED 9.9%, AWAY FROM HOME 12.9% AND EXPORTS DECREASED 6.0% MAINLY AS A CONSEQUENCE OF CONSTRAINED TISSUE CAPACITY FROM POSITIVE DOMESTIC GROWTH.

GROSS PROFIT DECLINED 1.5% AND MARGIN WAS 35.5%. THIS REFLECTS THESIGNIFICANT PRESSURE ON COSTS, MAINLY A CONSEQUENCE OF THE PESO DEPRECIATION, WHICH WAS ON AVERAGE 15% YOY. ADDITIONAL PRESSURE FROM RECYCLED FIBER, POLYMERS AND ENERGY COSTS, IN DOLLAR TERMS, WAS NOT FULLY COMPENSATED BY THE POSITIVE TOP LINE PERFORMANCE AND THE PS. $300 MILLION FROM THE COST REDUCTION PROGRAM DURINGTHE QUARTER.

OPERATING EXPENSES AS A PERCENTAGE OF SALES WERE 40 BASIS POINTS HIGHER, AT 16.3%, REFLECTING AN INCREASE IN DISTRIBUTION EXPENSES AND THE CONSOLIDATION OF 4E.

OPERATING INCOME DECREASED 10.8%, WHILE MARGIN WAS 19.2%.

COST OF FINANCING WAS PS. $277 MILLION IN THE FIRST QUARTER COMPARED TO PS. $453 MILLION IN THE SAME PERIOD OF LAST YEAR REFLECTING A LOWER EXCHANGE RATE LOSS OF PS. $33 MILLION COMPARED TO PS. $223 MILLION IN 1Q'16. IT ALSO REFLECTS HIGHER INTEREST EXPENSE FROM MORE DEBT AND INTEREST RATE INCREASES.

NET INCOME DECREASED 1.3% AND EARNINGS PER SHARE FOR THE QUARTER WERE $0.35. EBITDA DECREASED7.9% TO PS. $2.3 BILLION IN THE QUARTER.

DURING THE LAST TWELVE MONTHS, WE INVESTED PS. $4,316 MILLION (PS. $4,090 MILLION IN CAPEX AND ACQUISITIONS AND PS. $226 MILLION IN OUR SHARE BUY-BACK PROGRAM) AND PAID PS. $4,702 MILLION IN DIVIDENDS TO OUR SHAREHOLDERS.

AS OF MARCH 31, THE COMPANY HELD PS. $7.3 BILLION IN CASH AND EQUIVALENTS. TOTAL NET DEBT AS OF MARCH 31, 2017 WAS PS. $11.5 BILLION, COMPARED TO PS. $10.9 BILLION ON DECEMBER 2016.LONG-TERM DEBT COMPRISED 88% OF TOTAL DEBT AND ALL DEBT WAS DENOMINATED IN MEXICAN PESOS.

IN DOLLARS, UNDER US GAAP, NET SALES DECREASED 5% IN THE QUARTER, OPERATING PROFIT DECREASED 22% AND NET INCOME DECREASED 17%.

SHARE BUYBACK PROGRAM YEAR TO DATE2017

2016

SHARES REPURCHASED 3,041,564 4,504,283FINANCIAL POSITIONMILLION PESOS

AS OF MARCH2017 2016

ASSETSCASH AND CASH EQUIVALENTS $ 7,276 $ 11,088

TRADE AND OTHER RECEIVABLES 6,288 5,544INVENTORIES 3,178 2,324

PROPERTY, PLANT AND EQUIPMENT 16,583 15,694DERIVATIVE FINANCIAL INSTRUMENTS 3,177 1,842

INTANGIBLE ASSETS AND OTHERS 3,554 1,518TOTAL $40,056 $ 38,010LIABILITIES AND EQUITY

BANK LOANS CURRENT $ 100 $

-CURRENT PORTION OF LONG TERM DEBT 2,500 -

TRADE PAYABLES 4,679 3,998EMPLOYEE BENEFITS 1,435 1,390

DIVIDENDS PAYABLE 4,903 4,731

PROVISIONS AND OTHER LIABILITIES 2,011 2,011

CURRENT INCOME TAX PAYABLE 283 324

LONG TERM DEBT 19,330 20,777

NON-CURRENT DERIVATIVE FINANCIAL INSTRUMENTS - 71

DEFERRED TAXES 1,340 1,479

OTHER LIABILITIES 443 211

EQUITY 3,0323,018

TOTAL $40,056 $ 38,010

CASH FLOWMILLION PESOSTHREE MONTHS ENDED MARCH

2017 2016PROFIT BEFORE TAX $1,551 $1,598

DEPRECIATION 436 408

OTHER 277 453CASH USED IN OPERATIONS (1,310) (1,049)

NET CASH FLOW FROM OPERATING ACTIVITIES954 1,410

CAPITAL EXPENDITURES (676) (421)

REPURCHASE OF SHARES (106) (178)BANK LOANS AND DEBT ISSUANCE 100 3,567

PAYMENT OF BORROWINGS, NET INTEREST & OTHER(231) (1,022)

NET INCREASE IN CASH 41 3,356

EFFECT OF EXCHANGE RATE CHANGES ON CASH (226) (201)

CASH AND EQUIVALENTS AT THE BEGINNING OF PERIOD 7,461 7,933

CASH AND EQUIVALENTS AT THE END OF PERIOD 7,276 11,088

CONFERENCE CALL INFORMATION

THE 1Q'17 CONFERENCE CALL WILL BE HELD ON FRIDAY, APRIL 21,2017 AT 9:30 AM EASTERN TIME (8:30 AM CENTRAL TIME / MEXICO TIME). TO PARTICIPATE IN THE CALL, PLEASE DIAL: US +1(888) 318-6429, INTERNATIONAL +1(334) 323-7224; CONFERENCE ID: KIMBERLY.

A REPLAY OF THE CONFERENCE CALL WILL BE AVAILABLE THROUGH APRIL 28,2017. TO ACCESS THE REPLAY, PLEASE DIAL US +1(877) 919-4059, INTERNATIONAL +1(334) 323-0140; CONFERENCE ID: 56433245KIMBERLY-CLARK DE MXICO S.A.B. DE C.V. IS A MEXICAN COMPANY THAT MANUFACTURES AND COMMERCIALIZES BRANDED CONSUMER PRODUCTS SUCH AS DIAPERS, FEMININE PADS, BATH TISSUE, NAPKINS, FACIAL TISSUE, PAPER TOWELS, WET WIPES AND SOAP. WE ARE MARKET LEADERS IN ALMOST ALL OF OUR CATEGORIES WITH BRANDS SUCH AS HUGGIES, KLEEN-BEB, KLEENEX, KIMLARK, PTALO, COTTONELLE, DEPEND, KOTEX, EVENFLO AND ESCUDO.

INVESTOR RELATIONS CONTACT

AZUL ARGELLES

TEL: (5255) 5282-7204

AZUL.ARGUELLES@KCC.COM