Grupo Bimbo Sab De Cv Class A · BMV:BIMBO/A
Grupo Bimbo Sab De Cv Class A — Q2 2022 Earnings Presentation
21 slides from Grupo Bimbo Sab De Cv Class A's earnings presentation, 2022
Slide 1: Second Quarter 2022
Second Quarter 2022 1
Slide 2: Grupo Bimbo Today
Control Group: 81% Grupo Bimbo Today Float: 19% ARGENTINA BRAZIL +100 CANADA CHILE CHINA 1,600 COLOMBIA COSTA RICA ECUADOR brands +10k EL SALVADOR FRANCE sales centers 203 GUATEMALA HONDURAS INDIA ITALY products bakeries and +54k KAZAKHSTAN MEXICO MOROCCO other plants routes +135k NICARAGUA PANAMA +
Slide 3: Record Quarter in Sales and Profits
Record Quarter in Sales and Profits (1) • Net Sales reached a record level for a second quarter at Ps. 96,434 million, an increase of 18.1%, primarily • The Bimbo brand was ranked as the due to strong price/mix and volumes performance most chosen food brand within across every region households in M
Slide 4: Becoming a Stronger Leader in Grain-Based Foods
Becoming a Stronger Leader in Grain-Based Foods Signed an agreement with Mondelēz International, Inc. to sell “Ricolino(1)” • An enterprise value(2) of $27 Bn pesos (US$1.3Bn(3)) • A leading player in the confectionery category in Mexico • Use of proceeds: pay debt, capital investments’ plan, and ot
Slide 5: Leading Brands Across our Markets
Leading Brands Across our Markets U.S. Canada 5
Slide 6: Globally Present, Locally Committed
Globally Present, Locally Committed (3) Top 3 market share (1) within 7 categories in most countries(4) Market share +14K associates leader within +26K associates 52 bakeries 7 categories 79 bakeries Breakfast Sliced bread Premium bread Bagels Buns & rolls Cakes Tortillas +72K associates 36 bakeries
Slide 7: Global Undisputed Baking Industry Leader
Global Undisputed Baking Industry Leader INDUSTRY STRUCTURE • Mature life cycle • Increasing regulatory environment • High competition level US $561 Bn1 • Medium technology change Global Baking • Low revenue volatility • Low barriers of entry Industry INDUSTRY PERFORMANCE 49.4% 4.0% • Resilience to
Slide 8: Diversified Portfolio Across Geographies, Categories & Channels
Diversified Portfolio Across Geographies, Categories & Channels (1) 9.5% Retail 9.8% Supermarkets, convenience SLICED BREAD BUNS & ROLLS stores, among others 51.4% Traditional 29.3% PASTRIES CAKES “Mom & Pops” QSR North America Mexico EAA LatAm Quick Service Restaurants COOKIES TOAST • We have one o
Slide 9: Global Brands with Top of Mind Awareness
Global Brands with Top of Mind Awareness >US $250 mm(1) >US $1 bn (1) >US $500 mm(1) >US $100 mm (1) ____________ (1) Internal information. Estimated retail sales by brand considering the last twelve months as of June 30, 2022 9
Slide 10: With Successful Expansion across Regions
With Successful Expansion across Regions From U.S. From U.S. to 9 countries to 4 countries From Mexico From Mexico From Mexico From Mexico to 19 countries to 8 countries to 12 countries to 15 countries Priorities Maximize value generation Digital Transformation From Mexico From Mexico From Colombia
Slide 11: Clear and Ambitious Sustainability Strategy
Clear and Ambitious Sustainability Strategy 11
Slide 12: With Strong Commitment and Progress Towards our Sustainability Goals
With Strong Commitment and Progress Towards our Sustainability Goals 96% products for daily consumption fully Best Nutritional 100% simple and natural recipes in complied with maximum levels established BAKED FOR Profiles For All baking and snacks for nutrients to be limited according to internation
Slide 13: Proven Ability to Meet our Customers' and Consumers' Evolving Needs Through Innovation
Proven Ability to Meet our Customers’ and Consumers’ Evolving Needs Through Innovation Best Nutritional Healthier Plant Transparent Profiles Based Diets Sustainable Brands Nutritional • Growth transparency on-pack and Opportunities online • Great Products • Brand Penetration Cereal diversity • Scale
Slide 14: Leading Management Team with Top-Notch Corporate Governance
Leading Management Team with Top-Notch Corporate Governance Steering Committee Audit and Corporate 39% are independent Name Role Finance and Planning Daniel Servitje CEO Evaluation, Results and Diego Gaxiola CFO Nominations Rafael Pamias Executive VP, GB / CSO Mark Bendix Executive VP, GB Fernando L
Slide 15: Sustained Growth with Potential to Continue Increasing Profitability
Sustained Growth with Potential to Continue Increasing Profitability Includes effect of IFRS16 $50.0 $367.3 CAGR: 7.2%(1) $268.5 $27.3 2017 2018 2019 2020 2021 LTM 2Q22 2017 2018 2019 2020 2021 LTM 2Q22 2Q22 Net Sales Adj. EBITDA Margin 2017(2) 2018 2019 2020 2021 LTM 2Q22 +18.1% GRUPO BIMBO 10.2% 1
Slide 16: Our Digital Transformation Journey
Our Digital Transformation Journey Digital Evolution to enable business • Agility mindset and Data-Driven growth and sustainability as an agile decision making and consumer- centric company, • Continuously challenging the through innovation & data driven status quo decisions Secure Operations Integr
Slide 17: Proven Ability to Grow with Prudent Leverage
Proven Ability to Grow with Prudent Leverage (1) 3.1 (3) 3.0 (4) 2.9 (2) 2.7 2.7 2.7 (2) 2.6 2.6 2.4 2.2 2.0 1.9 1.9 1.9 (5) 1.9 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2Q22 US$ 2.4 Bn US$ 709 mm CAD$ 1.8 Bn US$ 650 mm ____________ (1) Adj. EBITDA w/o IFRS16: Earnings b
Slide 18: Conservative Debt Profile and Ample Liquidity
Conservative Debt Profile and Ample Liquidity (2) Total Debt: US $4,688 mm(1) Avg. Tenor: 14.5 yrs. Avg. Cost: 5.8% Fixed: 86% Ratings: BBB/Baa2/BBB S&P/Moody’s/Fitch US $1.55 Bn in Undrawn Sustainability-linked Committed Revolver Facility 200 800 650 565 585 482 498 306 386 200 2022 2023 2024 2025
Slide 19: Looking Forward: Upgrading our 2022 Guidance
Looking Forward: Upgrading our 2022 Guidance (2) Guidance Results Prior Current Net Sales Low single-digit +5.4% ✓ Low double-digit Low to mid-teens Mid to high Adj. EBITDA(1) High single-digit +8.8% ✓ High single-digit single-digit Effective Tax Mid to high-30's 34% ✓ Low to mid 30’s Low to mid 30’
Slide 20: Thank You
THANK You BIMBO (R@GRUPObIMBO.COM ® ObiMB0,Co NOURISHING A BETTER WORLD
Slide 21: 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