Grupo Bimbo Sab De Cv Class A · BMV:BIMBO/A
Grupo Bimbo Sab De Cv Class A — Q3 2019 Earnings Presentation
16 slides from Grupo Bimbo Sab De Cv Class A's earnings presentation, 2019
Slide 1: Presentation Third Quarter 2019
Presentation Third Quarter 2019
Slide 2: Today
Control Group: 75% Today Float: 25% Market cap(1) US $8.6 Bn North America Mexico Latin America EAA Sales(2) US $15.1 Bn U.S. Canada Adj. EBITDA(2) US $1.7 Bn Countries 32 Plants 197 Routes ≈54,000 Points of sale ≈3.1 mm Sales centers ≈1,700 Associates ≈135,000 Products ≈13,000 ______________ (1) As
Slide 3: Leader in the Baking Industry
in the Baking Industry North America(1) Top 3 market share EAA(3) Top 3 market share Sales: 50% Sales Split by Market within 6 categories Sales: 9% within 6 categories in • 25K associates • 13K associates most countries(5) • 78 plants • 48 plants Emerging Markets 43% Developed Markets(4) 57% Non-Inv
Slide 4: Global Undisputed Leader
Global Undisputed represents 4.2% of the US$481 Bn Global Baking Industry1 Over 2x second player & 5x third player(2) Market has over 68k small Artisanal and Private labels representing 85% of industry sales2 Industry Fundamentals Competitive Dynamics • Highly fragmented industry • Resilience to eco
Slide 5: Portfolio Across Geographies, Categories, Products & Channels
Portfolio Across Geographies, Categories, Products & Channels By Geography By Categories & Products By Channel Sales by Geographic Region 10+ Different Categories Modern Supermarkets, convenience stores, North America among others 50% Sliced Buns & Salty English Bagels Bread Rolls Snacks Muffin Trad
Slide 6: Segmenting and Building Brands
Segmenting and Building sales >US $1 billion Brands sales >US $500 million Brands sales >US $250 million Brands sales >US $100 million Brands ____________ Source: Internal information on estimated retail sales by brand considering the last twelve months as of September 30 th, 2019 6
Slide 7: A Key to Success
A Key to Success A brand of Clean Label & ancient compostable packaging ingredients No Added Nonsense Snacks expansion (Simple ingredients) Made with five 100% natural No preservatives and ingredients. No sugar added 100% natural Organic bread artificial colorants added 77
Slide 8: Committed to ESG Initiatives and Innovation
Committed to ESG Initiatives ▪ Sustainability: 90% in Mexico and committed to reach 100% renewable electric energy in U.S. by 2020 ▪ Food Waste reduction: 50% by 2025 ▪ Recyclable, reusable or compostable packaging by 2025 ▪ Minimize our agricultural footprint ▪ Promote health and wellness Our Innov
Slide 9: 3Q19 Grupo Bimbo Recent Events and Mexico
3Q19 Recent Events Grupo Bimbo Net sales grew 3.2% year-over-year Grupo Bimbo priced its offering ✓ Low to mid single digit top line growth of US$600,000,000 aggregate across every region principal amount of 4.00% Adjusted EBITDA increased 10.1% notes, due 2049 ✓ Margin expansion of 80 basis points
Slide 10: Sales and Adjusted EBITDA with Potential to Continue
with Potential to Continue SALES ADJ. EBITDA(1) CAGR: 9.9% CAGR: 13.2% 288.3 293.2 33.2 267.5 31.7 252.1 29.3 27.3 219.2 23.4 187.1 18.4 2014 2015 2016 2017 2018 LTM 3Q19 2014 2015 2016 2017 2018 LTM 3Q19 Adj. EBITDA margin 2014 2015 2016 2017 2018 LTM 3Q19 Grupo Bimbo 9.8% 10.7% 11.6% 10.2% 11.0% 1
Slide 11: Proven Ability to Delever
Proven Ability to Net Debt/Adj. EBITDA (2) 3.1 (3) 3.0 (1) 2.9 2.7 2.7 2.7 2.6 2.6 2.6 2.2 2.0 1.9 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 LTM 3Q19 2Q19 US$ 2.4 Bn US$ 709 mm CAD$ 1.8 Bn US$ 650 mm ____________ (1) The acquisition of Weston Foods was consummated in January 2009. Lever
Slide 12: Conservative Debt Profile and Strong Liquidity
Conservative Debt Profile and Total Debt: US$5,192 mm(1) Debt Split by Currency (2) Avg. Tenor: 13.8 yrs. Avg. Cost: 6.0% 100% Fixed Rate MXN Ratings: BBB/Baa2/BBB 36% S&P/Moody’s/Fitch USD US$2.0 Bn 59% in undrawn committed revolver facilities CAD 5% 600 800 800 650 600 392 491 500 200 2019 2020 20
Slide 13: Key Investment Highlights
Key Investment Global consumer food company, leader in the baking industry, with diversified portfolio of Growth opportunity within a categories, channels and geographic fragmented industry presence Global brands with top of mind awareness Proven sustained growth with history of margin expansion Wor
Slide 14: The Management Team has Positioned Grupo Bimbo as a Leader
The Management Team has Positioned Grupo Bimbo as Outstanding Corporate Governance • Corporate Governance aligned with shareholders’ interests • 35% of board members are independent • 3 corporate committees • For the fifth consecutive year, Merco distinguishes Grupo Bimbo as the “Company with the Be
Slide 15: Coming Soon…
Coming Soon… www.grupobimbo.com 15 ir@grupobimbo.com 15
Slide 16: 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 of the information that may be required to evaluate any investment in the Company or any of its securit