Grupo Bimbo Sab De Cv Class A · BMV:BIMBO/A
Grupo Bimbo Sab De Cv Class A — Q2 2023 Earnings Presentation
20 slides from Grupo Bimbo Sab De Cv Class A's earnings presentation, Jul 25, 2023
Slide 1: Investor Presentation Second Quarter 2023
INVESTOR PRESENTATION Second Quarter 2023
Slide 2: The Largest Baking Company in the World and a Leading Global Food Player
The Largest Baking Company in the World and a Leading Global Food Player US$23.7 Bn Market Cap(1) US$21.6 Bn Net Sales(2) 34 countries US$2.9 Bn Adj. EBITDA(2)(3) +100 +9k +3.5mm +56k 1.8x Net Debt / Adj. EBITDA(4) brands products points of sale routes 216 +1,500 +145k BBB+/Baa1/BBB+ bakeries and sa
Slide 3: Quarterly Results Highlights and Recent Developments
Quarterly Results Highlights Recent Developments • Net Sales reached a record level for a 2Q at Ps. • Acquired National Choice Bakery; a U.S. 100,366 million, an increase of 4.1%, primarily due to a based high-quality co-manufacturer of favorable price/mix effect, which was offset by FX rate bagels
Slide 4: Our Leading Brands Across our Markets
Our Leading Brands Across our Markets North America Mexico Latin America EAA U.S. Canada 4
Slide 5: Globally Present, Locally Committed
Globally Present, Locally Committed Market share leader within 7 categories North 50.2% 40.8% EAA (3) Top 3 market share within 7 categories +27K associates America (1) Net Sales Adj. EBITDA +15K associates in most countries(4) Premium bread Bagels 61 bakeries 9.7% 5.2% Breakfast Cakes 83 bakeries a
Slide 6: Largest Baking Company in the World and a Leading Global Food Player
Largest Baking Company in the World Leader and a Leading Global Food Player US $582 Bn 1 INDUSTRY STRUCTURE Global Baking • Mature life cycle Industry • High competition level and high consolidation potential • Medium technology change Private Label 3.5% • Low revenue volatility 8.8% 1.1x second pla
Slide 7: Diversified Portfolio with Global Brands on Top of Mind of our Consumers
Diversified Portfolio with Global Brands on Top of Mind of our Consumers Leading Brands Categories Channels Retail SLICED BUNS & Supermarkets, convenience stores, BREAD ROLLS among others Traditional “Mom & Pops” PASTRIES CAKES QSR Quick Service Restaurants Others BBU was recognized by IRI(1) as COO
Slide 8: Our Global and Local Brands Meet All Consumption Occasions
No added fats, colorants or artificial preservatives, prepared through a slow baking process that allows the original flavor of the ancestral and essential grains to be preserved Our Global and Local Brands Meet All Consumption Occasions Nutrition Hackers Uplifting Treats Rise & Shine Beloved Meals
Slide 9: Clear and Ambitious Sustainability Strategy
Clear and Ambitious Sustainability Strategy BAKED FOR BAKED FOR YOU YOU Enable Enable Planetary Diets Planetary Diets With With Nutritional Nutritional Diversity Diversity 9
Slide 10: With Strong Commitment and Progress Towards our Sustainability Goals
With Strong Commitment and Progress Towards our Sustainability Goals 2030 Goals ProgresS as of 2Q23 Our Contribution to sdg(1) 96% products for daily consumption fully complied with max levels established Best Nutritional Profiles 100% simple and natural recipes in for nutrients to be limited accord
Slide 11: Proven Ability to Meet our Customers' and Consumers' Evolving Needs through Innovation
Proven Ability to Meet our Customers’ and Consumers’ Evolving Needs through Innovation Best Nutritional Profiles Healthier Plant Based Diets Transparent Sustainable Brands • Clean label • Cereal-diversity • Nutritional transparency on-pack and online • Positive nutrition • Nutritional • Smart portio
Slide 12: Leading Management Team with Top-Notch Corporate Governance
Leading Management Team with Top-Notch Corporate Governance Commitees Board of Directors 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 Fern
Slide 13: High Growth Business Model Even in Challenging Macro Environments
High Growth Business Model Even in Challenging Macro Environments Mexico’s Global 6.7x Mexico’s GDP growth COVID 19 Recession Financial Crisis 5.2x USA’s GDP growth 1980 (1) 1985 1990 1995 2000 2005 2010 2015 2020 2022 Net Sales $411.6 Adj. Ebitda $56.0 CAGR: 8.2%(2) CAGR: 13.5%(2) $289.3 $31.7 Incl
Slide 14: Highly Resilient Adjusted EBITDA Margin and Margin Expansion Across Geographies
Highly Resilient Adjusted EBITDA Margin and Adjusted EBITDA Margin Expansion Across Geographies Favorable price and product/mix Adj. EBITDA Margin % LTM Strong volume performance 2018(1) 2019 2020 2021 2022(2) 2Q23 New manufacturing capabilities Grupo Bimbo 10.9% 13.0% 13.7% 14.0% 13.4% 13.6% Increa
Slide 15: Our Digital Transformation Journey
Our Digital Transformation Journey Strategy Cultural Impact Digital Evolution to enable business • Agility mindset and Data-Driven growth and sustainability as an agile decision making and consumer- centric company, • Continuously challenging the through innovation & data driven status quo decisions
Slide 16: Sustainable Growth with Proven Ability to Deleverage
Sustainable Growth with Proven Ability to Deleverage (1) Net Debt / Adj. EBITDA 3.1 (3) (4) 3.0 2.9 2.7 (2) 2.7 2.7 (2) 2.6 2.6 2.4 2.2 2.0 (5) 2.0 1.9 1.9 1.8 1.5 (5) 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 LTM 2Q23 US$ 2.4 Bn US$ 709 mm CAD$ 1.8 Bn US$ 650 mm +US
Slide 17: Conservative Debt Profile and Ample Liquidity
Conservative Debt Profile and Ample Liquidity (2) Currency Mix Total Debt: US $5,886 mm(1) 6%4% Avg. Tenor: 12.53 yrs. MXN Avg. Cost: 7.14% USD 33% 57% Fixed: 87% EUR CAD Ratings: BBB+/Baa1/BBB+ S&P/Moody’s/Fitch Sustainability-linked Committed Revolving Credit Facility for US $1.83 Bn 800 627 703 6
Slide 18: 2023 Guidance: Looking Forward
Looking Forward 2022 2023 Guidance Guidance Results Net Sales Mid to high-teens +17.7% ✓ Low to Mid-single digit Adj. EBITDA(1) Low double-digit +12.8% ✓ Mid to 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
Slide 19: Thank You
Thank You ir@grupobimbo.com www.grupobimbo.com
Slide 20: 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
Grupo Bimbo, S.A.B. de C.V. — Q2 2023 Earnings Presentation on 6ix