Grupo Bimbo Sab De Cv Class A · BMV:BIMBO/A
Grupo Bimbo Sab De Cv Class A — Q1 2023 Earnings Presentation
18 slides from Grupo Bimbo Sab De Cv Class A's earnings presentation, 2023
Slide 1: First Quarter 2023 Presentation
BIMBO @ Noui Se PRESENTATION
Slide 2: Grupo Bimbo Today
Control Group: 81% Grupo Bimbo Today Float: 19% 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 • PORTUGAL • ROM
Slide 3: Quarterly Results
Quarterly Results (1) • 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. Ratings to BBB+ from BBB Excluding th
Slide 4: Leading Brands Across our Markets
Leading Brands Across our Markets U.S. Canada 4
Slide 5: Globally Present, Locally Committed
Globally Present, Locally Committed (3) Market share leader 50.9% 41.5% Top 3 market share within 7 categories Net Sales Adj. EBITDA within 7 categories (1) in most countries(4) +16K associates Premium bread Bagels +27K associates 62 bakeries 9.5% 5.2% Breakfast Cakes 81 bakeries Net Sales Adj. EBIT
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 Retail SLICED BUNS & BREAD ROLLS Supermarkets, convenience stores, among others Traditional PASTRIES CAKES “Mom & Pops” QSR Quick Service Restaurants COOKIES TOAST Others BBU was recognized by IRI(1) as Foodservice, wholesale, vending t
Slide 8: Clear and Ambitious Sustainability Strategy
Clear and Ambitious Sustainability Strategy BAKED FOR YOU Enable Planetary Diets With Nutritional Diversity 8
Slide 9: With Strong Commitment and Progress Towards our Sustainability Goals
With Strong Commitment and Progress Towards our Sustainability Goals 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 All baking and snacks according to internal nutritional guid
Slide 10: Proven Ability to Meet our 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 11: Leading Management Team with Top-Notch Corporate Governance
Leading Management Team with Top-Notch Corporate Governance 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 Fernando Lerdo de Tejada Executiv
Slide 12: Sustained Growth with Potential to Continue Increasing Profitability
Sustained Growth with Potential to Continue Increasing Profitability CAGR: 8.4%(1) CAGR: 13.8%(1) $407.7 $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 2022 LTM 1Q23 +9.9% $99.6
Slide 13: Our Digital Transformation Journey
Our Digital Transformation Journey Digital Evolution to enable business • Agility mindset and Data-Driven growth and sustainability as an agile decision making and consumer- centric company, • Continuously challenging the through innovation & data driven status quo decisions Secure Operations Integr
Slide 14: Sustainable Growth with Proven Ability to Delevarage
Sustainable Growth with Proven Ability to Delevarage (1) 3.1 (3) (4) 3.0 2.9 2.7 (2) 2.7 2.7 (2) 2.6 2.6 2.4 2.2 2.0 (5) 2.0 1.9 1.9 1.7 1.5 (5) 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 LTM 1Q23 US$ 2.4 Bn US$ 709 mm CAD$ 1.8 Bn US$ 650 mm +US$ 1.4 Bn ____________ (
Slide 15: Conservative Debt Profile and Ample Liquidity
Conservative Debt Profile and Ample Liquidity (2) 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 477 800 650 585 532 532 498
Slide 16: Looking Forward
Looking Forward 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) Adjusted EBITDA with IF
Slide 17: Thank You
THANK You BIMBO (R@GRUPObIMBO.COM ® ObiMB0,Co NOURISHING A BETTER WORLD
Slide 18: 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