Bbb Foods Inc. · NYSE:TBBB
Bbb Foods — Q1 2025 Earnings Presentation
25 slides from Bbb Foods's earnings presentation, May 8, 2025
Slide 1: Tiendas 3B First Quarter 2025 Financial Results
Tiendas 3B First Quarter 2025 Financial Results
Slide 2: Disclaimer
Disclaimer Statements in this presentation, including the possible or assumed future or other performance of BBB Foods Inc. (the “Company”, “we”, “us”, “our”) or our industry, our targets or other trends and estimates, constitute “forward- looking statements”. Statements contained herein that are no
Slide 3: Today's Presenters
Today’s Presenters Anthony Hatoum Chairman and CEO Eduardo Pizzuto CFO 3
Slide 4: Agenda
Agenda • 1Q25 Key Highlights • Operational Performance • Financial Results • Closing Remarks • Q&A 4
Slide 5: 1Q25 Key Highlights
1Q25 | Key Highlights Opened 117 net new stores in 1Q25 2,889 stores and 16 distribution centers as of 1Q25 Same Store Sales(1) growth of 13.5% versus 1Q24 Revenue of Ps. 17,132 million, YoY growth of 35.1% EBITDA of Ps. 705 million, YoY growth of 12.7% Cash Flow from Operations Ps. 1,195 million Ne
Slide 6: Agenda
Agenda • 1Q25 Key Highlights • Operational Performance • Financial Results • Closing Remarks • Q&A 6
Slide 7: Continued Momentum in Store Openings
Continued Momentum in Store Openings Number of Stores Units ‘20-’YTD25 CAGR: 21.8% 2,889 2,772 +117 2,288 +484 1,892 1,500 +396 1,249 +392 +251 2020 2021 2022 2023 2024 1Q25 Opened 117 net stores in 1Q25 to reach 2,889 stores 7
Slide 8: Total Revenue and Same Store Sales Growth
Total Revenue and Same Store Sales Growth Total Revenue Ps. MM YoY Growth: 35.1% 17,132 12,684 1Q24 1Q25 Same Store 14.8% 13.5% Sales Growth Significant increase in sales and solid SSS growth 8
Slide 9: Same Store Sales Growth vs. ANTAD Self-Service
Same Store Sales Growth vs. ANTAD Self-Service Same Store Sales Growth Percentage (%) 14.8% 13.5% 11.6% 11.8% 10.7% 6.9% 4.0% 0.6% 3.2% 2.6% 1Q24 2Q24 3Q24 4Q24 1Q25 (1) (2) ANTAD Self-Service TBBB Our SSS performance outpaces the market Source: ANTAD Self-Service 3-month average. 9 1. ANTAD uses th
Slide 10: Agenda
Agenda • 1Q25 Key Highlights • Operational Performance • Financial Results • Closing Remarks • Q&A 10
Slide 11: Sales Expenses
Sales Expenses Sales Expenses Ps. MM YoY Growth: 36.1% 1,763 1,296 1Q24 1Q25 Sales Expenses 10.2% 10.3% as % of Revenue Sales Expenses have grown in line with revenues and reflect an accelerated pace of store openings 11
Slide 12: Administrative Expenses
Administrative Expenses Administrative Expenses Shared-Based Payment Expenses Ps. MM YoY Growth: 58.2% 706 213 446 129 492 317 1Q24 1Q25 Admin. Expenses 3.5% 4.1% as % of Revenue We continue to invest in technology, talent, and our regions to support our accelerating growth 12
Slide 13: EBITDA
EBITDA (1) EBITDA Ps. MM YoY Growth: 12.7% 705 626 1Q24 1Q25 EBITDA 4.9% 4.1% Margin Robust increase in EBITDA of 12.7% and a margin that sees the impact of investments that support accelerated and future growth 1. We calculate “EBITDA” as net income (loss) for the period, plus income tax expense, f
Slide 14: Favorable Working Capital
Favorable Working Capital (1) Working Capital Working Capital ex. Ps. MM IPO proceeds (2) Mar-24 Mar-25 (1,929) (3,046) (4,846) (3) (6,510) Working Capital ex. (4) 10.3% 10.5% IPO proceeds as a % of Total Revenue Our business model continues to generate significant negative working capital 1. We cal
Slide 15: Agenda
Agenda • 1Q25 Key Highlights • Operational Performance • Financial Results • Closing Remarks • Q&A 15
Slide 16: Closing Remarks
B Closing BB Remarks
Slide 17: Agenda
Agenda • 1Q25 Key Highlights • Operational Performance • Financial Results • Closing Remarks • Q&A 17
Slide 18: Q&A
Q&A
Slide 19: Contact Information
Contact Information Investor Relation Contact: Investor Relation Website: Andrés Villasis https://www.investorstiendas3b.com ir@tiendas3b.com 19
Slide 20: Appendix: Financial Statements
Appendix: Financial Statements
Slide 21: Annex 1 - Income Statement
Annex 1 - Income Statement In Ps. Thousands 21
Slide 22: Annex 2 – EBITDA Reconciliation
Annex 2 – EBITDA Reconciliation In Ps. Thousands 22
Slide 23: Annex 3 - Statement of Cash Flows
Annex 3 - Statement of Cash Flows In Ps. Thousands 23
Slide 24: Annex 4 - Statement of Financial Position
Annex 4 - Statement of Financial Position In Ps. Thousands 24
Slide 25: Annex 5 - Reconciliation of Working Capital
Annex 5 - Reconciliation of Working Capital In Ps. Thousands 25 1. Considering an exchange rate of Ps. 20.318