Grupo Bimbo Sab De Cv Class A · BMV:BIMBO/A
Grupo Bimbo Sab De Cv Class A — Q1 2023 Earnings Presentation
19 slides from Grupo Bimbo Sab De Cv Class A's earnings presentation, Apr 26, 2023
Slide 1: Investor Presentation First Quarter 2023
Investor Presentation First Quarter 2023
Slide 2: Grupo Bimbo Today
Control Group: 81% Grupo Bimbo Today Float: 19% 34 countries US$ 22.3 Bn ARGENTINA• BRAZIL • CANADA • CHILE • CHINA • COLOMBIA • COSTA RICA • ECUADOR • EL SALVADOR • FRANCE • GUATEMALA • HONDURAS • INDIA • ITALY • KAZAKHSTAN • MEXICO • MOROCCO • NICARAGUA • Market Cap(1) PANAMA • PARAGUAY • PERU • P
Slide 3: Quarterly Results Highlights and Recent Developments
Quarterly Results (1) Highlights Recent Developments • Net Sales reached a record level for a 1Q at Ps. 99.6 • Moody’s upgraded our global rating to Bn, a 9.9% increase, primarily due to the favorable Baa1 from Baa2, and S&P and Fitch price/mix, partially offset by FX rate translation effect. Rating
Slide 4: Leading Brands Across our Markets
Leading Brands Across our Markets North America Mexico Latin America EAA U.S. Canada 4
Slide 5: Globally Present, Locally Committed
Globally Present, Locally Committed North (3) Market share leader within 7 categories 50.9% Net Sales 41.5% Adj. EBITDA EAA Top 3 market share within 7 categories America +27K associates (1) +16K associates in most countries(4) 5.2% Premium bread Bagels 62 bakeries 9.5% Breakfast Cakes 81 bakeries N
Slide 6: Global Undisputed Baking Industry Leader
Global Undisputed Baking Industry Leader US $557 Bn1 INDUSTRY STRUCTURE Global Baking • Mature life cycle Industry • High competition level and high consolidation potential • Medium technology change 1.2x second player • Low revenue volatility 4.0% and 4.2x third player • High entry barriers for com
Slide 7: Diversified Portfolio Across Geographies, Categories & Channels
Diversified Portfolio Across Geographies, Categories & Channels By geography (1) By category By channel Retail SLICED BUNS & BREAD ROLLS Supermarkets, convenience 58% stores, among others PASTRIES CAKES Traditional 42% “Mom & Pops” QSR Developed Markets Emerging Markets TOAST Quick Service Restauran
Slide 8: Global Brands with Top of Mind Awareness
Global Brands with Top of Mind Awareness 8 brands with +US $1 Bn retail sales (1) BBU was recognized by IRI(3) as the Bimbo is the most chosen food brand fourth fastest growing CPG company in Mexico and Latin America in 2022, and the fastest growing food households (2) company ____________ (1) Inter
Slide 9: Clear and Ambitious Sustainability Strategy
Clear and Ambitious Sustainability Strategy BAKED FOR YOU Enable Planetary Diets With Nutritional Diversity 9
Slide 10: With Strong Commitment and Progress Towards our Sustainability Goals
With Strong Commitment and Progress Towards our Sustainability Goals 2030 Goals ProgresS as of 2022 Our Contribution to sdg(1) 97% products for daily consumption fully complied Best Nutritional 100% simple and natural recipes in with max levels established for nutrients to be limited Profiles For Al
Slide 11: Proven Ability to Meet Customers' and Consumers' Evolving Needs Through Innovation
Proven Ability to Meet our Customers’ and Consumers’ Evolving Needs Through Innovation Better Nutritional Healthier Plant Based Transparent Profiles Diets Sustainable Brands • Clean label • Cereal-diversity • Nutritional transparency on-pack and online • Positive Nutrition • Nutritional • Smart Port
Slide 12: Leading Management Team with Top-Notch Corporate Governance
Leading Management Team with Top-Notch Corporate Governance Commitees Board of Directors Steering Committee Audit and Corporate 39% independent 28% women Daniel Servitje CEO Finance and Planning Diego Gaxiola CFO Evaluation, Results and Rafael Pamias COO Nominations Mark Bendix Executive VP, GB Fern
Slide 13: Sustained Growth with Potential to Continue Increasing Profitability
Sustained Growth with Potential to Continue Increasing Profitability Net sales CAGR: 8.4%(1) $407.7 Adj. EBITDA CAGR: 13.8%(1) $55.0 $289.3 $31.7 Includes effect of IFRS16 2018 2019 2020 2021 2022 LTM 1Q23 2018 2019 2020 2021 2022 LTM 1Q23 1Q23 Net Sales Adj. EBITDA Margin 2018(2) 2019 2020 2021 202
Slide 14: Our Digital Transformation Journey
Our Digital Transformation Journey Strategy Cultural Impact Digital Evolution to enable business • Agility mindset and Data-Driven growth and sustainability as an agile decision making and consumer- centric company, • Continuously challenging the through innovation & data driven status quo decisions
Slide 15: Sustainable Growth with Proven Ability to Delevarage
Sustainable Growth with Proven Ability to Delevarage (1) Net Debt / Adj. EBITDA 3.1 (3) (4) 3.0 2.9 2.7 (2) 2.7 2.7 (2) 2.6 2.6 2.4 2.2 2.0 (5) 2.0 1.9 1.9 1.7 1.5 (5) 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 LTM 1Q23 US$ 2.4 Bn US$ 709 mm CAD$ 1.8 Bn US$ 650 mm +US
Slide 16: Conservative Debt Profile and Ample Liquidity
Conservative Debt Profile and Ample Liquidity (2) Currency Mix Total Debt: US $5,111 mm(1) 7% 5% Avg. Tenor: 12.6 yrs. USD 46% Avg. Cost: 6.4% MXN 42% Fixed: 90% EUR CAD Ratings: BBB+/Baa1/BBB+ S&P/Moody’s/Fitch Sustainability-linked Committed Revolving Credit Facility for US $1.93 Bn 477 800 650 58
Slide 17: 2023 Guidance
Looking Forward 2022 2023 Guidance Guidance Results Net Sales Mid to high-teens +17.7% ✓ Mid to high-single digit Adj. EBITDA(1) Low double-digit +12.8% ✓ High-single digit Effective Tax Mid to high-30's 31.3% ✓ Low to mid-30’s Rate CAPEX US $1.3Bn US $1.4Bn ✓ US$1.7 – US$2.0Bn ____________ (1) Adju
Slide 18: Thank You
Thank You ir@grupobimbo.com www.grupobimbo.com 18
Slide 19: Disclaimer
Disclaimer The information contained here in has been prepared by Grupo Bimbo, S.A.B. de C.V. (the “Company") solely for use at this presentation. This presentation does not purport to contain all the information that may be required to evaluate any investment in the Company or any of its securities
Grupo Bimbo, S.A.B. de C.V. — Q1 2023 Earnings Presentation on 6ix