Bbb Foods Inc. · NYSE:TBBB
Bbb Foods — Q2 2024 Earnings Presentation
22 slides from Bbb Foods's earnings presentation, Aug 22, 2024
Slide 1: Tiendas 3B Second Quarter 2024 Financial Results
Tiendas 3B Second Quarter 2024 Financial Results
Slide 2: Disclaimer
Disclaimer Statements in this presentation, including the possible or assumed future or other performance of BBB Foods Inc. (the “Company”, “we”, “us”, “our”) or our industry, our targets or other trends and estimates, constitute “forward- looking statements”. Statements contained herein that are no
Slide 3: Today's Presenters
Today’s Presenters Anthony Hatoum Chairman and CEO Eduardo Pizzuto CFO 3
Slide 4: Agenda
Agenda • 2Q24 Key Highlights • Operational Performance • Financial Results • Closing Remarks • Q&A 4
Slide 5: 2Q24 - Key Highlights
2Q24 - Key Highlights Opened 121 net new stores and 1 distribution center in 2Q24 2,503 stores and 16 distribution centers as of 2Q24 Same Store Sales(1) growth of 10.7% Revenue of Ps. 13,574 million, YoY growth of 27.5%. EBITDA of Ps. 689 million, YoY growth of 43.2% 1H24 Cash Flow from Operation o
Slide 6: Agenda
Agenda • 2Q24 Key Highlights • Operational Performance • Financial Results • Closing Remarks • Q&A 6
Slide 7: Continued Momentum in Store Openings
Continued Momentum in Store Openings Opened 121 net new stores to reach 2,503 stores, aligned with FY guidance of 380-420 Number of Stores Units CAGR ’19-YTD24: 20.1% +121 +94 +396 +392 +251 +153 2,382 2,503 2,288 1,892 1,096 1,249 1,500 2019 2020 2021 2022 2023 1Q24 2Q24 7
Slide 8: Rapid Revenue Growth and Increased Gross Margins
Rapid Revenue Growth and Increased Gross Margins Total revenues increased by +27% year-over-year while gross margin benefited from scaling up Total Revenue Ps. MM YoY Growth: 27.5% 13,574 10,646 16.1% 16.7% Gross Profit Margin 2Q23 2Q24 8
Slide 9: Agenda
Agenda • 2Q24 Key Highlights • Operational Performance • Financial Results • Closing Remarks • Q&A 9
Slide 10: EBITDA & EBITDA Margin
EBITDA & EBITDA Margin Year-over-year increase in profitability (1) EBITDA Ps. MM YoY Growth: 43.2% 689 481 EBITDA Margin 4.5% 5.1% EBITDA 2Q23 2Q24 10 Notes: 1. We calculate “EBITDA” as net income (loss) for the period, plus income tax expense, financial costs, net, and total depreciation and amort
Slide 11: Favorable Working Capital
Favorable Working Capital Our business model continues to generate significant negative working capital (1) Working Capital Ps. MM 2023 2Q24 2Q24 (2) (4) 10.3% 4.0% 10.2% (1,983) (4,559) (3) (5,115) % of Total Revenue Adjusted to exclude Adjusted Working Capital net IPO proceeds Notes: 1.We calculat
Slide 12: Agenda
Agenda • 2Q24 Key Highlights • Operational Performance • Financial Results • Closing Remarks • Q&A 12
Slide 13: Closing Remarks
B Closing BB Remarks
Slide 14: Agenda
Agenda • 2Q24 Key Highlights • Operational Performance • Financial Results • Closing Remarks • Q&A 14
Slide 15: Q&A
Q&A
Slide 16: Contact Information
Contact Information Investor Relation Contact: Investor Relation Website: Andrés Villasis https://www.investorstiendas3b.com ir@tiendas3b.com 16
Slide 17: Appendix: Financial Statements
Appendix: Financial Statements
Slide 18: Annex 1 - Income Statement
Annex 1 - Income Statement In Ps. Thousands F o r t he T hre e M o nt hs E nde d J une 3 0 , F o r t he S ix M o nt hs E nde d J une 3 0 , 2024 2023 % C ha nge 2024 2023 % C ha nge Revenue Fro m Sales o f M erchandise P s.13,550,402 P s.10,624,938 27.5% P s. 26,207,287 P s. 20,295,007 29.1% Sales o
Slide 19: Annex 2 – EBITDA Reconciliation
Annex 2 – EBITDA Reconciliation In Ps. Thousands F o r t he T hre e M o nt hs E nde d J une 3 0 , F o r t he S ix M o nt hs E nde d J une 3 0 , 2024 2023 % C ha nge 2024 2023 % C ha nge N e t P ro f it f o r t he P e rio d P s . 3 3 1,2 5 5 P s . 7 1,0 5 0 3 6 6 .2 % P s . 10 0 ,3 9 3 P s . 12 9 ,8
Slide 20: Annex 3 - Statement of Cash Flows
Annex 3 - Statement of Cash Flows In Ps. Thousands F o r t he T hre e M o nt hs E nde d J une 3 0 , F o r t he S ix M o nt hs E nde d J une 3 0 , 2024 2023 2024 2023 P ro f it be f o re inc o m e t a x P s . 4 4 3 ,3 4 0 P s . 14 3 ,7 4 0 P s . 2 9 7 ,5 5 4 P s . 2 0 8 ,5 9 4 A djustments fo r: Depr
Slide 21: Annex 4 - Statement of Financial Position
Annex 4 - Statement of Financial Position In Ps. Thousands A s o f June 30, A s o f D ecember 31, Current liabilities: A s o f J une 3 0 , A s o f D e c e m be r 3 1, Suppliers 7,282,406 7,126,089 2024 2023 Accounts payable and accrued expenses 467,636 322,959 Current assets: Income tax payable 26,6
Slide 22: Annex 5 - Reconciliation of Adjusted Working Capital
Annex 5 - Reconciliation of Adjusted Working Capital In Ps. Thousands As of June 30, As of December 31, 2024 2023 Current Assets 7,493,838 4,393,160 Current Liabilities 9,476,637 8,951,941 Working Capital Ps. (1,982,799) Ps. (4,558,781) (1) Proceeds from initial public offering, net of underwriting