Grupo Bimbo SAB de CV Class A · BMV:BIMBO/A
Grupo Bimbo SAB de CV Class A — Investor Presentation (September 2015)
26 slides from Grupo Bimbo SAB de CV Class A's investor presentation, September 2015
Slide 1: Investor Meetings
Investor Meetings September 2015
Slide 2: Grupo Bimbo at a Glance
Grupo Bimbo at a Glance 0 nm “7 BIMBO 2
Slide 3: Grupo Bimbo at a glance
Grupo Bimbo at a glance 22 Countries More than 129,000 associates More than 52,000 distribution routes More than 2.5 million points of sale 165 manufacturing facilities More than 100 Brands 3
Slide 4: The path from a local player to a global leader
The path from a local player to a global leader… Long term view and a strict reinvestment policy Innovation and execution continue to drive organic growth Acquisitions have been a key component to gain 2015 global reach 2014 Accelerated international expansion during the last decade 2011 200
Slide 5: …has translated into a successful growth story
…has translated into a successful growth story 2000(1) 2014(1) Increase CAGR Market Capitalization(2) US$2,318 mm US$12,976 mm 4.6x 13.1% Revenue US$2,427 mm US$14,064 mm 4.8x 13.4% EBITDA US$343 mm US$1,370 mm 3.0x 10.0% Total Assets US$1,898 mm US$9,154 mm 3.8x 11.9% Plants 75 168 1.2x - Sales Cen
Slide 6: Competitive Advantages
Competitive Advantages 0 nm “7 BIMBO «
Slide 7: Competitive Advantages
Competitive Advantages 1 Global Leadership in Baking 7 2 Responsible Financial Policies Solid Growth Platform 6 3 Seasoned Management Team, Market-leading brands and an Sound Governance and innovation pipeline Citizenship 5 4 Exceptional Manufacturing World Class Distribution Capabilities 7
Slide 8: A balanced business with a strong leadership position in each market
A balanced business with a strong leadership position in each market Sales LTM 2Q’15(1) Europe LatAm 3% 11% Mexico 36% $14.2 Bn North America 50% EBITDA LTM 2Q’15(1) LatAm Europe 3% -1% Mexico North 64% America 33% $1.4 Bn _______________ Note: Asia results are included in Mexico 1. Figures as of Ju
Slide 9: Leadership in the global baking industry
Leadership in the global baking industry Growth Potential Global Baking Players’ Revenues US$ 417 billions(1) US$ billions(2) 14.1 4% 3% 2% 11.3 6.6 6.4 3.7 1.9 90% Other ___________ 1.IBISWorld, October 2014. According to IBISWorld, global baking industry includes fresh and frozen breads and rolls;
Slide 10: We have a broad and growing portfolio of brands
We have a broad and growing portfolio of brands 3 Billion Dollar Brands 4 >$500 million dollar brands and more on the way… 10
Slide 11: Exceptional manufacturing capabilities
Exceptional manufacturing capabilities More than 60 million 165 Plants pieces are produced daily Focus in low-cost manufacturing and efficiency State-of-the-art facilities in all of our markets 11
Slide 12: World class distribution
World class distribution Extensive DSD distribution with one of the largest truck fleets in the Americas Commitment to local execution Efficient supply chain with sustainable value generation +2.5mm P.O.S. 12
Slide 13: Seasoned management team, sound governance and citizenship
Seasoned management team, sound governance and citizenship Management Positioned the Company as market leader in the products and Daniel Servitje countries where present Chairman of the Board Proven track record of stability and sustainable growth Developed innovative ideas and best practices
Slide 14: Key Financial Figures
Key Financial Figures 0 nm %7 BIMBO «4
Slide 15: Stock performance
Stock performance Bimbo 10-Year Share Price Performance vs. IPC(1) (%, Indexed to 100) 500% 400% 407% 300% 200% 200% 100% 0% -100% sep-05 sep-06 sep-07 sep-08 sep-09 sep-10 sep-11 sep-12 sep-13 sep-14 sep-15 IPC _______________ Source: Bloomberg 1. Market data as of September 17, 2015. IPC: Index of
Slide 16: Strong financial performance
Strong financial performance Revenues(1) EBITDA(1) US$ millions US$ millions 14,230 1,447 2008 LTM 2Q’15 2008 LTM 2Q’15 _______________ 1. Figures expressed in US$ at the average FX rate of each period 16
Slide 17: Cash flow stability across time
Cash flow stability across time Margin Evolution (%) EBIT Margin EBITDA Margin Gross Margin 56.7 53.3 54.8 56.2 53.7 53.3 53.0 54.0 53.4 52.8 53.1 52.8 52.8 53.0 52.8 51.2 51.1 51.0 50.7 52.3 48.6 47.9 Integration/transformation efforts & IFRS 14.1 13.6 13.0 12.3 13.5 13.8 13.7 12.8 12.0 12.0 11.9 1
Slide 18: Conservative approach towards leverage
Conservative approach towards leverage Amortization Profile(1) US$ millions Currency Mix % Debt: US$ 3,890 million 800 800 800 Avg. Tenor: 8.5 yrs. MXN Avg. Cost: 4.4% 1 CAD 500 25 321 321 225 123 USD 74 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 ... 2044 Loan (Vachon acquisition) Revolving C
Slide 19: Track record of delevering
Track record of delevering Total Debt/EBITDA 3.3x(1) 3.2x(2) 3.1x 3.0x 3.1x 2.5x 2.3x 1.9x 2.2x 2.3x 2.0x 1.5x Target 1.1x 1.2x 1.1x 0.9x 0.7x 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011* 2012 2013 2014 LTM 2Q'15 _______________ 1. Pro forma figures with Weston Foods acquisition 2. P
Slide 20: Recent Developments
Recent Developments hn nm %7 BIMBO 20
Slide 21: Recent acquisitions
Recent acquisitions Canada Bread Vachon Supan Leader in most Canadian Leading producer of Grupo Bimbo’s entry to provinces snack cakes in Canada. the Ecuadorian market Solid margins Well-positioned brands Leading bread producer in Frozen category opportunity Ecuador 21
Slide 22: Upcoming acquisition - Panrico
Upcoming acquisition - Panrico Transaction Strong Brand Equity Panrico is a leading producer of sweet baked goods and buns & rolls in Spain and Portugal Strengthens Grupo Bimbo’s profile in the region, throughout the capture of synergies Complements current product portfolio, distribution network an
Slide 23: BBU Transformation
BBU Transformation U.S. Baking Consolidation Bimbo Bakeries USA (BBU) Transformational Work Creating the New BBU Private Label 4% 5% 11% Closed 18 bakeries, opened 2 state- Asset 2004 25% of-the-art bakeries 9% Strategy Invest to ensure efficiency and 10% capacity 29% 7% Others Distribution Sa
Slide 24: Increase penetration in key markets
Increase penetration in key markets Packaged Bread Penetration(1) Volume 64% 62% 33% 27% 26% 17% 12% 9% 7% Opportunity to develop the category and lever scale in Latin America ___________ 1. Datamonitor 2014 in volume. Industrial bread and rolls, Industrial cakes & pastries, Industrial morning goods
Slide 25: Thank you!
Thank you! AAs 7 BIMBO 2:
Slide 26: Disclaimer
The information contained herein has been prepared by Grupo Bimbo, S.A.B. de C.V. (the “Company") solely for use at investors´ presentations. The information herein is only a summary and does not purport to be complete. This material has been prepared solely for informational purposes and should not