Grupo Bimbo Sab De Cv Class A · BMV:BIMBO/A
Grupo Bimbo Sab De Cv Class A — Q4 2024 Earnings Presentation
22 slides from Grupo Bimbo Sab De Cv Class A's earnings presentation, 2025
Slide 1: Investor Presentation Fourth Quarter 2024
Investor Presentation Fourth Quarter 2024
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 35 countries US$11.82 Bn +100 Market Cap(1) brands +58k routes US$22.3 Bn +9k +152k Net Sales(2) products associates US$3.0 Bn 223 +1.5K Adj. EBITDA(2)(3) bakeries sales centers and plants 2.9x ARGENTINA • BRAZIL • CANADA • CHI
Slide 3: A strong year, delivering 2024 guidance
A strong year, delivering 2024 guidance Financial Highlights • Record high for Net Sales Net Sales Gross Margin • Mexico and EAA regions outperformed +2.1% +120 bps | 52.6% • Net Debt/Adjusted EBITDA ratio: 2.9x • Record high • Lower input • Positive price/mix & costs • CAPEX investments: US$1.6 bi
Slide 4: Globally Present, Locally Committed
Globally Present, Locally Committed North America EAA (3) 46.4% (1) 11.0% Net Sales Top 3 market share Net Sales Net Sales(5) 28.5% Market share leader within 7 categories 7.6% Adj. EBITDA within 7 categories Adj. EBITDA in most countries(4) +27K associates +20K associates 8% U.S. – Premium 77 baker
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 Snacks Industry Bimbo is a Global 1.3x Market Share 4.2x Market Share #1 Global Player Top 10 Grupo Bimbo has Leader in… 3.8% ~1.0% consistently shown its of 2nd Largest of 3rd Largest Player Player Market S
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 01 Retail sliced bread Supermarkets, convenience stores, among other 02 Traditional “Mom & Pops” 03 QSR pastries buns & rolls toast Quick Service Restaurants 04 Others Foodservice, wholesale,
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 Rise & Shine Uplifting Treats #1 selling English muffin and B
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 (1) Evolution & Growth in the 2008 2018 2024 last 15 years Net Sales (MXN Bn) $82.3 $289.3 $408.3 5.0x Adj. EBITDA (MXN Bn) $9.8 $31.7 $55.5(2) 5.7x EAA EAA 9% 11% Geographic Diversification NA 22% Mex 64% NA 50% Mex 32% NA 47% Mex 33% (By Sales) Latam Lat
Slide 11: High Growth Business Model Even in Challenging Macro Environments
High Growth Business Model Even in Challenging Macro Environments Mexico’s Global COVID 19 Recession Financial Crisis (1) 6.0x Mexico’s GDP growth 5.5x USA’s GDP growth (2) 1980 1984 1988 1992 1996 2000 2004 2008 2012 2016 2020 2024 Net Sales $408.3 Adj. Ebitda $55.5 CAGR: 6.9%(3) CAGR: 7.9%(3) MXN
Slide 12: Highly Resilient Adjusted EBITDA Margin and Margin Expansion Across Geographies
Highly Resilient Adjusted EBITDA Margin and Adjusted EBITDA Margin Expansion Across Geographies Adj. EBITDA Margin % • Favorable mix • New manufacturing capabilities • Increased scale 2019 2020 2021 2022 2023 2024 4Q23 4Q24 • Productivity investments driving SG&A efficiencies Grupo Bimbo 13.0% 13.7%
Slide 13: Sustainable Growth with Proven Ability to Deleverage
Sustainable Growth with Proven Ability to Deleverage (1) Net Debt / Adj. EBITDA 3.1 (3) (4) 3.0 2.9 2.9 2.7 (2) (2) 2.7 2.7 2.6 2.6 2.4 2.2 (5) 2.1 2.0 1.9 2.0 1.9 (5) 1.5 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 US$ 2.4 Bn US$ 709 mm CAD$ 1.8 Bn US$ 650 m
Slide 14: Conservative Debt Profile and Ample Liquidity
Conservative Debt Profile and Ample Liquidity Total Debt US $7,445 mm(1) Currency Mix (2) 3% 2% Avg. Tenor 11.15 yrs. 6% Avg. Cost 6.51% USD MXN Fixed 85% EUR 36% 53% Ratings S&P BBB+ CAD GBP Moody’s Baa1 Fitch BBB+ US $1.76 Bn Undrawn Sustainability-linked Committed Revolver Facility 195 40 171 172
Slide 15: Responsible Financial Management Recent Developments
Responsible Financial Management Recent Developments 01 Committed to a robust balance sheet 2024 Net leverage: 2.9x 2024 Cash & Equivalents: US$398 mm(1) In February 2025, Grupo Bimbo successfully issued Ps. 15,000 02 Efficient working capital management million in Mexican bonds Ongoing efforts to
Slide 16: Leading Management Team with Top-Notch Corporate Governance
Leading Management Team with Top-Notch Corporate Governance Committees Board of Directors 01 Audit and Corporate Daniel Servitje – Executive Chair 02 Finance and Planning 39% independent 28% women 03 Evaluation, Results and Nominations 04 Steering Committee 2024 Recognitions Rafael Pamias CEO • The
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, through innovation & data driven Continuously challenging the status decisions quo Our
Slide 18: Looking Forward
Looking Forward 2024 Guidance & Results 2025 Guidance Flat to low-single Net Sales digit growth +2.1% ✓ Low double-digit growth (1) Low single digit Adj. EBITDA growth +1.0% ✓ Slight margin expansion CAPEX US$1.8Bn US $1.6Bn US$1.4-1.5Bn ____________ (1) Adjusted EBITDA with IFRS16 effect. 20
Slide 19: Clear and Ambitious Sustainability Strategy
Clear and Ambitious Sustainability Strategy We are aligned to: 21
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 2024 (1) 100% simple and natural recipes in baking • 94% of daily bread, buns & breakfast portfolio with positive baked nutrition and snacks • 22% of daily bread, buns & breakfast portfolio with positive 1
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