Sigma Foods, S.a.b. De C.v. · BMV:SIGMAF/A

Sigma Foods, S.a.b. De C.v — Alfa, S.A.B. de C.V. (Alfa|SIGMA) — Q1 2025 Earnings Presentation

19 slides from Sigma Foods, S.a.b. De C.v's earnings presentation, April 2025

  1. Slide 1: 1Q25 Earnings Presentation

    1Q25 Earnings Presentation 1

  2. Slide 2: Disclaimer

    Disclaimer This presentation contains forward-looking information based on numerous variables, expectations and assumptions that are inherently uncertain. They involve judgments with respect to, among other things, future economic, competitive and financial market conditions and future business deci

  3. Slide 3: Note on changes to Alfa|SIGMA's Consolidated Financial Statements

    Note on changes to Alfa|SIGMA’s Consolidated Financial Statements Controladora Alpek ALFA’s shareholders approved to spin-off ALFA’s share ownership of Alpek into a new, listed entity called “Controladora Alpek” on October 24, 2024. In accordance with International Financial Reporting Standards (IFR

  4. Slide 4: Transformation finalized; Alfa focused on SIGMA

    Transformation finalized; Alfa focused on SIGMA • Controladora Alpek Shares distributed to ALFA Shareholders earlier than expected • Alfa|SIGMA shareholders approved Board of Directors reconfiguration • Rebranding efforts include preparations to change ALFA, S.A.B. de C.V for a Sigma-related name •

  5. Slide 5: Four independent businesses resulting from the transformation

    Four independent businesses resulting from the transformation 1 2 3 4 Food Petrochemical Automotive Industry Telecom 5

  6. Slide 6: 1Q25 EBITDA of US $220M, on track to reach US $1B Guidance

    1Q25 EBITDA of US $220M, on track to reach US $1B Guidance • Record first quarter Volume • Second-highest first quarter • Second-highest first quarter Volume, Revenue and Revenue and EBITDA EBITDA • Volume impact from Torrente plant flooding partially mitigated • Record first quarter Volume • 1Q25 E

  7. Slide 7: Resilient Volume amid revenue management to offset higher costs and foreign exchange rate

    Resilient Volume amid revenue management to offset higher costs and foreign exchange rate Volume SIGMA Volume SIGMA – Δ YoY Volume SIGMA - Δ QoQ (kTons) (kTons) (kTons) 449 446 449 1 1 446 454 3 446 424 427 -3 -3 -3 -6 -2 1Q22 1Q23 1Q24 1Q25 1Q24 Mexico Europe U.S. Latam 1Q25 4Q24 Mexico Europe U.S.

  8. Slide 8: Revenue decline mainly due to foreign exchange conversion effect

    Revenue decline mainly due to foreign exchange conversion effect Revenues Alfa|SIGMA Revenues SIGMA – Δ YoY Revenues SIGMA - Δ QoQ (US $ Million) (US $ Million) (US $ Million) Alfa Δ 2,204 2,170 2,166 SIGMA 2,091 4 2,064 8 2,064 2,023 -70 -20 -38 -2 -77 -12 1,737 2,170 2,064 1,991 1,711 1Q22 1Q23 1Q

  9. Slide 9: EBITDA impacted by foreign exchange conversion effect and Torrente-related costs

    EBITDA impacted by foreign exchange conversion effect and Torrente-related costs (covered by insurance) EBITDA Alfa|SIGMA EBITDA SIGMA – Δ YoY EBITDA SIGMA - Δ QoQ (US $ Million) (US $ Million) (US $ Million) + - Alfa Δ 271 264 23 261 SIGMA 222 10 220 -30 220 -3 -6 -6 -32 -3 185 159 254 220 182 152

  10. Slide 10: EBITDA margin contraction due to rising cost pressures and temporary Torrente plant impact

    EBITDA margin contraction due to rising cost pressures and temporary Torrente plant impact ​ EBITDA Margin SIGMA EBITDA Margin By Region SIGMA (%) (%) 12.2 12.4 12.7 15.5 15.9 15.4 11.5 10.6 10.1 10.3 10.7 13.0 12.7 9.6 12.4 9.2 11.6 8.1 8.5 10.5 9.7 9.3 8.7 8.9 4.2 4.0 2.1 1.6 2024 2022 2023 1Q24 2

  11. Slide 11: 1Q25 Comparable EBITDA of US $220 million

    1Q25 Comparable EBITDA of US $220 million EBITDA Alfa|SIGMA Extraordinary items Alfa|SIGMA Comparable EBITDA Alfa|SIGMA (US $ Million) (US $ Million) (US $ Million) + - Alfa Δ SIGMA SIGMA EBITDA Margin 279 281 279 281 271 222 2Q24 3Q24 4Q24 1Q25 214 220 SIGMA 0 0 8 0 Energy (4) (4) (43) 51 +Others 2

  12. Slide 12: Alfa|SIGMA maintains solid financial position

    Alfa|SIGMA maintains solid financial position Net Debt Alfa|SIGMA Net Leverage Ratio Alfa|SIGMA (US $ Million) (Net Debt/EBITDA) 4,977 3.3 2.9 2.5 2.6 2,958 2,988 2,471 2,596 1,165 621 650 2.0 2.0 1.7 1.7 2,019 1,823 1,821 1,975 2Q24 3Q24 4Q24 1Q25 2Q24 3Q24 4Q24 1Q25 Alfa SIGMA Alfa SIGMA Alpek rep

  13. Slide 13: Alfa|SIGMA change in Net Debt year to date 1Q25

    Alfa|SIGMA change in Net Debt year to date 1Q25 61 51 0 12 2,596 2,471 225 47 -271 Net Working Capital investment reflecting higher raw material inventories, prices, and supplier payments related to 2024 year-end projects. 4Q24 EBITDA Net Working CAPEX Fin Exp, Net Taxes Dividends Other 1Q25 Capital

  14. Slide 14: Recent Developments

    Recent Developments Alfa|SIGMA Annual Shareholder Meeting • Approved cash dividend of US 1.5 cents per share totaling US $83 million “The Studio” is now fully operational and delivering early results • Joint Sigma-IDEO team focused on identifying and developing consumer-centered opportunities • Disr

  15. Slide 15: Pork ham price in U.S. and Europe

    Pork ham price in U.S. and Europe Pork Ham Prices in U.S. Pork Ham Prices in Europe US $/Lb Eur $/Kg 1.5 4.0 1.3 3.5 1.1 0.9 3.0 0.7 2.5 0.5 0.3 2.0 0.1 1.5 -0.1 Jan Feb Mar May Jun Aug Sep Oct Dec Jan Feb Apr Jun Jul Sep Oct Dec 2022 2023 2024 2025 2022 2023 2024 2025 15

  16. Slide 16: Poultry raw materials in U.S.

    Poultry raw materials in U.S. Chicken (MSC) Turkey (MST) 0.6 0.9 0.8 0.5 0.7 0.4 0.6 0.5 0.3 0.4 0.2 0.3 0.2 0.1 0.1 0 0 Jan Feb Mar May Jun Aug Sep Oct Dec Jan Feb Mar May Jun Aug Sep Oct Dec 2022 2023 2024 2025 2022 2023 2024 2025 Turkey Breast Turkey Thigh 8 3 7 6 2.5 5 2 4 1.5 3 1 2 0.5 1 0 0 Ja

  17. Slide 17: U.S. Dairy Raw Materials

    U.S. Dairy Raw Materials Milk Class III 30 25 20 15 10 5 0 Jan Feb Mar May Jun Aug Sep Oct Dec 2022 2023 2024 2025 NFDM 2.1 1.9 1.7 1.5 1.3 1.1 0.9 0.7 0.5 Jan Feb Mar May Jun Aug Sep Oct Dec 2022 2023 2024 2025 17

  18. Slide 18: Currency Exchange Rates

    Currency Exchange Rates U.S. Dollar – MXN Peso U.S. Dollar - Euro 22 1.15 21 1.13 1.11 20 1.09 19 1.07 1.05 18 1.03 17 1.01 0.99 16 0.97 15 0.95 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2022 2025 2024 2023 2022 2025 2024 2023 18

  19. Slide 19: Contact

    Contact Hernán F. Lozano V.P. of Investor Relations T. +52 (81) 8748-2521 iralfa@alfa.com.mx 20

Alfa, S.A.B. de C.V. (Alfa|SIGMA) — Q1 2025 Earnings Presentation on 6ix