APRIL 19, 2018KIMBERLY-CLARK DE MXICO, S.A.B. DE C.V.

FIRST QUARTER 2018RESULTS

HIGHLIGHTS:- FIRST QUARTER SALES GREW 7.1% TO PS. $10.2 BILLION, A NEW QUARTERLY RECORD- BETTER GROSS, OPERATING, NET AND EBITDA MARGINS BOTH YEAR OVER YEAR AND SEQUENTIALLY- HIGHER SELLING PRICES, COST SAVINGS AND A MORE FAVORABLE FX RATE HAD A POSITIVE IMPACT ON PROFITABILITY- EBITDA OF PS.$2.4 BILLION DURING THE QUARTER WITH 23.9% MARGIN

- COST SAVINGS OF $250 MILLION DURING THE QUARTER

QUARTERLY FINANCIAL RESULTS

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

1Q'18 1Q'17 CHANGENET SALES $10,207 $9,531 7.1%

GROSS PROFIT 3,726 3,385 10.1%OPERATING PROFIT 2,021 1,828 10.5%

NET INCOME 1,207 1,095 10.2%EBITDA 2,436 2,264 7.6%

NET SALES WERE 7.1% HIGHER THAN THE PREVIOUS YEAR. THE PRICING INITIATIVES IMPLEMENTED OVER THE LAST TWELVE MONTHS, TOGETHER WITH A POSITIVE MIX COMPARISON, RESULTED IN A 5.2% CONTRIBUTION. VOLUME GROWTH OF 1.9% WAS MAINLY DRIVEN BY INCREASED EXPORTS AS DOMESTIC CONSUMPTION IS FLAT.

CONSUMER PRODUCT REVENUES INCREASED 3.3%, AWAY FROM HOME GREW 8.3%AND EXPORTS INCREASED 97.2%. EXPORT SALES REFLECT THE ADDITIONAL TISSUE CAPACITY FROM THE MORELIA TISSUE MACHINE.GROSS PROFIT GREW 10.1%, WHILE THE MARGIN INCREASED 100 BASIS POINTS YEAR OVER YEAR TO 36.5%. PRICES OF VIRGIN FIBERS CONTINUED RISING AND COMPARED VERYNEGATIVELY. DOMESTIC RECYCLED FIBERS AND OIL DERIVATIVES ADDED TO THE RAW MATERIALS PRICE INFLATION. THIS PRESSURE, HOWEVER, WAS OFFSET BY EFFICIENCIES FROM HIGHER VOLUMES, LOWER PRICES OF OTHER IMPORTED MATERIALS, BETTER ENERGY COSTS, THE POSITIVE RESULTS OF THE COST REDUCTION PROGRAM, WHICH YIELDED PS. $250 MILLION DURING THE QUARTER AND A MORE FAVORABLE FX RATE.

OPERATING EXPENSES GREW 9.5% REFLECTING HIGHER DISTRIBUTION COSTS AS WELL AS ADDED ADVERTISING AND PROMOTION INVESTMENTS TO STRENGTHEN OUR BRANDS AND SUPPORT OUR INNOVATIONS.

OPERATING INCOME INCREASED 10.5% AND MARGIN WAS 19.8%, A YEAR ON YEAR INCREASE OF 60 BASIS POINTS AND A SEQUENTIAL IMPROVEMENT OF 80 BASIS POINTS.

COST OF FINANCINGWAS PS. $299 MILLION IN THE FIRST QUARTER, COMPARED TO PS. $277 MILLION IN THE SAME PERIOD OF LAST YEAR. INTEREST EXPENSE WAS HIGHER FROM INCREASED DEBT AND HIGHER INTEREST RATES. FOREIGN EXCHANGE GAIN IN THE PERIOD WAS PS. $43 MILLION COMPARED TO A LOSS OF PS. $33 MILLION IN THE PREVIOUS YEAR.NET INCOME INCREASED 10.2% AND EARNINGS PER SHARE FOR THE QUARTER WERE $0.39. EBITDA INCREASED 7.6% TO PS.$2.4 BILLION IN THE QUARTER AND WAS ALSO BETTER SEQUENTIALLY.

DURING THE LAST TWELVE MONTHS, WEINVESTED PS. $2,391 MILLION IN CAPEX AND PAID PS. $4,872 MILLION IN DIVIDENDS.

AS OF MARCH 31, THE COMPANY HELD PS.$5.4 BILLION IN CASH AND EQUIVALENTS. TOTAL NET DEBT AS OF MARCH 2018 WAS PS. $14.1 BILLION, COMPARED TO PS. $14.3 BILLION ON DECEMBER 2017. LONG-TERM DEBT COMPRISED 92% OF TOTAL DEBT AND ALL DEBT WAS DENOMINATED IN MEXICAN PESOS.

IN DOLLARS, UNDER US GAAP, NET SALES INCREASED 15% IN THE QUARTER, OPERATING PROFIT INCREASED 15% AND NET INCOME INCREASED 14%.

SHARE BUYBACK PROGRAM YEAR TO DATE2018

2017

SHARES REPURCHASED - 3,041,564FINANCIAL POSITIONMILLION PESOS

AS OF MARCH2018 2017

ASSETSCASH AND CASH EQUIVALENTS $ 5,426 $ 7,276

TRADE AND OTHER RECEIVABLES 7,538 6,288INVENTORIES 3,402 3,178

PROPERTY, PLANT AND EQUIPMENT 17,592 16,583DERIVATIVE FINANCIAL INSTRUMENTS 2,644 3,177

INTANGIBLE ASSETS AND OTHERS 3,396 3,554TOTAL $39,998 $ 40,056

LIABILITIES AND EQUITY

BANK LOANS CURRENT $ 200 $ 100

CURRENTPORTION OF LONG TERM DEBT 1,500 2,500

TRADE PAYABLES 5,504 4,679

EMPLOYEE BENEFITS 1,349 1,435

DIVIDENDS PAYABLE 31 4,903

CAPITAL REIMBURSEMENT 4,874 -

PROVISIONS AND OTHER LIABILITIES 2,139 2,011

CURRENT INCOME TAXPAYABLE 312 283

LONG TERM DEBT 20,456 19,330

DEFERRED TAXES 971 1,340

OTHER LIABILITIES 483 443

EQUITY 2,179 3,032TOTAL $39,998 $ 40,056

CASH FLOWMILLION PESOSTHREE MONTHS ENDED MARCH

2018 2017PROFIT BEFORE TAX $1,722 $1,551DEPRECIATION 416 436

OTHER 298 277CASH USED IN OPERATIONS (827) (1,310)

NET CASH FLOW FROM OPERATING ACTIVITIES 1,609 954CAPITAL EXPENDITURES (492) (676)

REPURCHASE OF SHARES

- (106)BORROWINGS 24 100

PAYMENT OF NET INTEREST

(273) (231)NET INCREASE IN CASH 868 41

EFFECT OF EXCHANGE RATE CHANGES ON CASH (116) (226)CASH AND EQUIVALENTS AT THE BEGINNING OF PERIOD 4,674 7,461

CASH AND EQUIVALENTS AT THE END OF PERIOD 5,426 7,276CONFERENCE CALL INFORMATION

THE 1Q'18 CONFERENCE CALL WILL BE HELD ON FRIDAY, APRIL 20, 2018 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; CONFERENCEID: KIMBERLY.

A REPLAY OF THE CONFERENCE CALL WILL BE AVAILABLE THROUGH APRIL 27, 2018. TO ACCESS THE REPLAY, PLEASE DIAL US +1(877) 919-4059, INTERNATIONAL +1(334) 323-0140; CONFERENCE ID: 73348796

KIMBERLY-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) 5282-7204AZUL.ARGUELLES@KCC.COM