Grupo Bimbo Sab De Cv Class A · BMV:BIMBO/A
Grupo Bimbo Sab De Cv Class A — Q4 2023 Earnings Presentation
22 slides from Grupo Bimbo Sab De Cv Class A's earnings presentation, Feb 19, 2024
Slide 1: Investor Presentation Fourth Quarter 2023
INVESTOR PRESENTATION Fourth 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$22.3 Bn Market Cap(1) US$22.5 Bn Net Sales(2) 34 countries US$3.1 Bn Adj. EBITDA(2)(3) +100 2.1x +9k +57k Net Debt / Adj. EBITDA(4) brands products routes 217 +1,500 +149k BBB+/Baa1/BBB+ bakeries and sales centers associates
Slide 3: A Record-breaking Year
A Record-breaking Year Highlights Recent Developments • Net Sales increased 11.4%, excluding the 53rd in North America. In ▪ Informed the passing of Mr. Mauricio peso terms, Net Sales reached a historic high level at Ps. 399,879 Jorba Servitje, member of the board of million directors • Despite FX r
Slide 4: Globally Present, Locally Committed
Globally Present, Locally Committed Top 3 market share within 7 categories North (3) Market share leader 48.1% 36.8% EAA in most countries(4) within 7 categories America +27K associates (1) Net Sales Adj. EBITDA +18K associates 62 bakeries 10.1% 5.3% Net Sales Adj. EBITDA Premium bread Bagels Breakf
Slide 5: Our Leading Brands Across our Markets
Our Leading Brands Across our Markets North America Mexico Latin America EAA U.S. Canada 5
Slide 6: Global Baking Industry Leader with a Relevant Share in the Snacking Industry
Global Baking Industry Leader with a Relevant Share in the Snacking Industry Baking Industry Snacking Industry Bimbo is a Global 2.4x 4.9x #1 Global Player Top 10 Market Share Market Share Leader in… of 2nd Largest of 3rd Largest Player Player 3.4% Market Share 1.0% …Large… US$440 Bn US$326 Bn …Resi
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: 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 10: Driving Consistent Growth and Profitability
Driving Consistent Growth and Profitability 2008 (1)(2) 2014 (2) 2023 (2) Evolution & Growth in the Last 15 years Net Sales US$7.4 Bn US$14.1 Bn US$22.5 Bn 3.0x Adj. EBITDA US$0.9 Bn US$1.4 Bn US$3.1(3) Bn 3.4x EAA EAA 4% 10.1% Geographic Diversification NA 22% Mex 64% NA 48% Mex 36% NA 48.1% Mex 32
Slide 11: 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 (2) Net Sales $399.9 Adj. Ebitda $54.9 CAGR: 6.7% (3) CAGR: 11.6%(3) $289.3 $31.7
Slide 12: Highly Resilient Adjusted EBITDA Margin and Margin Expansion Across Geographies
Highly Resilient Adjusted EBITDA Margin and Adjusted EBITDA Margin Expansion Across Geographies Favorable price and product/mix Adj. EBITDA Margin % Strong volume performance 2018(1) 2019 2020 2021 2022(2) 2023 New manufacturing capabilities Grupo Bimbo 10.9% 13.0% 13.7% 14.0% 13.4% 13.7% Increased
Slide 13: Sustainable Growth with Proven Ability to Deleverage
Sustainable Growth with Proven Ability to Deleverage (1) Net Debt / Adj. EBITDA (3) 3.1 (4) 3.0 2.9 (2) 2.7 (2) 2.7 2.7 2.6 2.6 2.4 2.2 2.1 2.0 (5) 2.0 1.9 1.9 (5) 1.5 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 US$ 2.4 Bn US$ 709 mm CAD$ 1.8 Bn US$ 650 mm +US$ 1.
Slide 14: Conservative Debt Profile and Ample Liquidity
Conservative Debt Profile and Ample Liquidity (2) Currency Mix Total Debt: US $6,508 mm(1) 5% 3% Avg. Tenor: 12.1 yrs. MXN Avg. Cost: 7.12% USD 38% 54% Fixed: 86% EUR CAD Ratings: BBB+/Baa1/BBB+ S&P/Moody’s/Fitch US $1.93 Bn in Undrawn Sustainability-linked Committed Revolver Facility 357 570 634 71
Slide 15: Responsible Financial Management
Responsible Financial Management Committed to a robust balance sheet Significant liquidity and financial 2023 Net leverage: 2.1x flexibility 2023 Cash & Equivalents: US$376 mm(1) US$1.93 Bn in undrawn committed revolving credit facility Efficient working capital management Focused on reinvesting, pr
Slide 16: 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 17: 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 18: 2024 Guidance
Looking Forward 2023 Guidance Results 2024 Guidance Low to Mid-single Net Sales +0.3% ✓ Low to mid-single digit digit Low to mid-single digit Adj. EBITDA Margin growth & Adj. EBITDA(1) +30 bps ✓ Expansion Flat to slight margin expansion CAPEX US$1.7 – US$2.0Bn US $2.0Bn ✓ US$1.8 – US$2.0Bn _________
Slide 19: Clear and Ambitious Sustainability Strategy
Clear and Ambitious Sustainability Strategy BAKED FOR YOU Enable Planetary Diets With Nutritional Diversity We are aligned to: 19
Slide 20: With Strong Commitment and Progress Towards our Sustainability Goals
With Strong Commitment and Progress Towards our Sustainability Goals 2030 Goals ProgresS as of 2022 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 21: Thank You
Thank You ir@grupobimbo.com www.grupobimbo.com
Slide 22: 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. — Q4 2023 Earnings Presentation on 6ix