Grupo Bimbo SAB de CV Class A · BMV:BIMBO/A
Grupo Bimbo SAB de CV Class A — Debt Investor Presentation (April 2018)
21 slides from Grupo Bimbo SAB de CV Class A's debt investor presentation, April 2018
Slide 1: Investor Presentation First Quarter 2018
INVESTOR PRESENTATION First Quarter 2018
Slide 2: Resilient Industry with High Growth Potential
Resilient Industry with High Growth Potential Grupo Bimbo 4.2% Industry • Resilience to economic downturns Fundamentals • Non-discretionary consumer products Artisanal • High consumption frequency 31% US $366 Bn Competitive • Highly fragmented industry Dynamics • Short shelf life of products makes i
Slide 3: Grupo Bimbo Today
Grupo Bimbo Today Control Group: 75% Float: 25% Points of Market cap(1) Sales(2) Adj. EBITDA(2) Countries Plants Routes Associates Products sale US$11.4 Bn US$14.4 Bn US $1.5 Bn 32 197 ≈58,000 ≈3.0 mm ≈139,000 ≈13,000 North America Mexico Latin America EAA U.S. Canada ______________ (1) As of April
Slide 4: Globally Present, Locally Committed
Globally Present, Locally Committed Grupo Bimbo Sales Split 1Q18(4) North America(1) Latin America(2) • Sales: 51% • Sales: 10% EAA(3) Emerging • Adj. EBITDA: 44% • Adj. EBITDA: 3% • Sales: 8% Markets 42% 83 33 • Adj. EBITDA: -5% 43 Mexico Developed Markets • Sales: 31% 58% • Adj. EBITDA: 58% 38 ___
Slide 5: Strong Category and Channel Diversification
Strong Category and Channel Diversification Strong leadership position across markets North America Mexico Latin America(1) EAA(1) Sliced Modern Channel Bread Buns & (2) (3) 1 Supermarkets, convenience Rolls stores, among others Bagels ∙ (5) Traditional CATEGORIES ∙ 2 CHANNELS Engl
Slide 6: Global Brands with Top of Mind Awareness
Global Brands with Top of Mind Awareness + US $500 + US $100 10 M I L L I O N 2 Brands Brands MILLION + US $1 5 + US $250 Brands 5 Brands BILLION MILLION 2017 2016 2017 ____________ Source: Internal information on estimated retail sales by brand considering the last twelve months as of March 31, 201
Slide 7: World Class Production and Distribution Capabilities
World Class Production and Distribution Capabilities with Superior Execution at the Point of Sale 46 million 197 facilities Focused on Investing in packages robotic produced with access to low cost process state-of-the-art everyday technology production automation Benefit from Scale and Efficient Pr
Slide 8: Our Innovation Platform
Our Innovation Platform 2017 Success Stories Disruptive product innovation In-store bakery E-commerce Distribution capabilities Investment in promising start ups Leveraging disruptive techology Electric vehicles TECHNOLOGY Big Data: increasing our information processing and storage c
Slide 9: The Management Team has Positioned Grupo Bimbo as a Global Market Leader
The Management Team has Positioned Grupo Bimbo as a Global Market Leader Top Management • Track record of stability and sustainable growth • Successfully developed and consolidated market leadership DANIEL SERVITJE Chairman of the Board • Focus on effective and rapid response to the constantly chang
Slide 10: Building a Sustainable, Highly Productive and Deeply Humane Company
Building a Sustainable, Highly Productive and Deeply Humane Company We care for We work on our environment innovations that and act prove a consequently sustainable mindset We value We work to the person create and promote and respect sustainable human rights communities This is how we reach our Vis
Slide 11: Sustained Growth with Potential to Increase Profitability
Sustained Growth with Potential to Increase Profitability Net Sales(1) Adj. EBITDA(1) 267.5 268.3 252.1 29.3 27.8 27.3 219.2 23.4 187.1 176.0 18.4 17.3 2013 2014 2015 2016 2017 LTM 1Q18 2013 2014 2015 2016 2017 LTM 1Q18 GB 9.8% 9.9% 10.7% 11.6% 10.2% 10.4% Mexico 15.8% 16.7% 17.6% 18.7% 17.7% 17.8%
Slide 12: 2017 Review: A Transformational Year
2017 Review: A Transformational Year Investing for future growth Investing to enhance profitability • Entrance into 10 new countries through the • Integrations: following acquisitions: o Donuts Iberia: ≈US$ 70 million in integration expenses o Adghal Group – Morocco o Bimbo Canada IT migration proce
Slide 13: 2017 Review: A Transformational Year
2017 Review: A Transformational Year Improving our Challenges One time hits financial profile • Record adj. EBITDA margin for • FX pressure on raw • China plant temporary the North America region material costs in Mexico closure • Zero base budgeting savings • Complicated • Mechanical failures in ou
Slide 14: Looking Forward
LOOKING FORWARD By 2020, we plan to transform the baking industry and expand our global leadership to better serve more consumers 14
Slide 15: Reinvesting for a Sustainable Future
Reinvesting for a Sustainable Future 1/3 was used for 2017 CAPEX: growth and US $681 mm(1) Manufacturing Distribution Systems productivity SOME POTENTIAL PROJECTS - New distribution center in Mexico - Synergy opportunities in China - Plant openings: India, Paris and Russia - Automation projects: rob
Slide 16: Accelerating and Creating Venues of Growth
Accelerating and Creating Venues of Growth • New growth avenue for Grupo Bimbo Bimbo • We are present in 73% of the global QSR markets QSR • High growth industry • World’s most populated country • 2nd largest economy • 6.7% average GDP growth • Increased manufacturing footprint from 1 to CHINA 10 pl
Slide 17: Resulting in a Proven Track Record of Deleveraging
Resulting in a Proven Track Record of Deleveraging Leverage Total debt/ Adj. EBITDA 3.3(1) 3.3(2) 3.2(1) 3.1 3.1(3) 3.0 2.9 2.8 2.3 2.3 2.1 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 1Q18 US$ 2.4 bn US$ 709 mm CAD$ 1.8 bn US$ 650 mm ____________ (1) Pro-forma leverage ratio with the acquisiti
Slide 18: Conservative Debt Profile and Ample Liquidity
Conservative Debt Profile and Ample Liquidity Total Debt: US$4,903mm Currency Mix(2) % Avg. Tenor: 11.1 yrs. CAD Avg. Cost: 5.2% USD 16% Figures in US$ mm as of 1Q’18 59% ≈US$2.1bn MXN 22% in undrawn committed revolver facilities EUR 3% 800 800 800 650 545 500 436 - 124 0 2018 2019 2020 2021 2022 20
Slide 19: Key Investment Highlights
Key Investment Highlights Global consumer food company, leader in the baking industry, with diversified portfolio Growth opportunity within a of categories, channels and geographic fragmented industry presence Global brands with top of mind awareness Proven sustained growth with history of margin ex
Slide 20: Thank you!
Thank you! #ConElCariñoDeSiempre www.grupobimbo.com ir@grupobimbo.com 20
Slide 21: Disclaimer
Disclaimer The information contained herein has been prepared by Grupo Bimbo, S.A.B. de C.V. (the “Company") solely for use at presentations held in connection with the proposed offering of subordinated perpetual notes of the Company (the “Transaction”). These materials are being furnished to you so
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