Grupo Bimbo Sab De Cv Class A · BMV:BIMBO/A
Grupo Bimbo Sab De Cv Class A — Q1 2020 Earnings Presentation
19 slides from Grupo Bimbo Sab De Cv Class A's earnings presentation, 2020
Slide 1: Investor Presentation First Quarter 2020
Investor Presentation First Quarter 2020
Slide 2: Grupo Bimbo Today
Control Group: 75% Grupo Bimbo Today Float: 25% Argentina US $6.8 Bn 33 Brazil Canada MARKET CAP 1 COUNTRIES Chile China 197 Colombia US $15.3 Bn PLANTS Costa Rica Ecuador NET SALES 2 El Salvador +57,000 France Guatemala ROUTES Honduras US $1.99 Bn India ADJ. EBITDA3 +2.9 MILLION Italy Kazakhstan PO
Slide 3: Leading Brands Across our Markets
Leading Brands Across our Markets NORTH AMERICA MEXICO LATIN AMERICA EAA U.S. CANADA 3
Slide 4: Global Leader in the Baking Industry
Global Leader in the Baking Industry EAA(3) Top 3 market share North America(1) within 6 categories Market share Sales: 50% Sales: 9% • 12K associates in most countries(4) leader within • 26K associates 6 categories • 78 plants • 49 plants Canada Sliced bread USA Bagels Breakfast Snack cakes Premium
Slide 5: Global Undisputed Baking Industry Leader
Global Undisputed Baking Industry Leader represents 4.4% of the US$449 Bn Global Baking Industry1 Over 1.2x second player, Mondelez & 3.6x third player, Campbells’ Soup1 Artisanal and Private labels representing 46% of industry sales1 Industry Fundamentals2 Industry Performance - Highly fragmented i
Slide 6: Our Strong Presence and Diversification
Our Strong Presence and Diversification By Geography By Categories & Products By Channel Sales by Geographic Region 10+ Different Categories North America Modern 50% Sliced Buns & Salty English Supermarkets, convenience Bagels Bread Rolls Muffin Snacks stores, among others Cookies Cakes Pastries Tor
Slide 7: Top Brands
Top Brands >US $250 mm >US $1 billion >US $500 mm >US $100 mm ____________ Source: Internal information on estimated retail sales by brand considering the last twelve months as of March 31 th, 2020 7
Slide 8: Extensive Markets Knowledge Drives Global Expansion
Extensive Markets Knowledge Drives Global Expansion Success Drivers Scale and global diversification From Mexico From Mexico From U.S. to 19 countries to 16 countries to 6 countries Distribution efficiencies Strong brand equity From Mexico From Mexico From U.S. Innovation capabilities to 11 countrie
Slide 9: Innovation: Our Key to Success
Innovation: Our Key to Success No Added Nonsense (Simple ingredients) A brand of ancient ingredients Snacks expansion Clean Label & compostable packaging Made with five 100% natural ingredients No sugar added No preservatives and artificial colorants added 100% natural Organic bread 99
Slide 10: Our Innovation Platform
Our Innovation Platform Investment in promising start ups o Streamline and digitize our Mexico & LATAM USA supply chain o Transforming our distribution models o Engaging in disruptive product innovation o Identifying and leveraging new technologies for business improvement Europe & ROW 10
Slide 11: Our Environmental & Sustainability Approach
Our Environmental & Sustaintability Approach Environmental Strategy Sustaintability 2025 Goals Renewable Energy 100% o 85% in Mexico, 100% in U.S RENEWABLE ELECTRIC POWER o In Chile, we have the largest solar roof in all of South America o Piedra Larga Windfarm, supplies 70% +4,000 Carbon Water of t
Slide 12: Leading Company in Responsibility & Corporate Governance
Leading Company in Responsibility & Corporate 1 Governance | TOP MANAGEMENT Top Management • Effective response to the constantly changing consumer demands and competitive environment Name Role • Track record of stability and sustainable growth Daniel Servitje CEO • Successfully developed and consol
Slide 13: 1Q20 Highlights
1Q20 Highlights COVID-19 Initiatives 1Q20 Highlights • Labor flexibility • Net sales grew 7% on the back of strong volumes within every region, notably North America and Mexico • Additional daily hygiene steps • Prioritizing high volume SKUs to optimize production • Adjusted EBITDA1 grew 11.4%, with
Slide 14: Sustained Growth in Sales and Profitability
Sustained Growth in Sales and Profitability 1 Includes effect NET SALES Bn. Mexican pesos ADJ. EBITDA of IFRS16 CAGR: 6.0% 37.8 38.8 289.3 291.9 296.8 31.7 252.1 268.5 29.3 27.3 219.2 23.4 2015 2016 2017 2018 2019 LTM 1Q20 2015 2016 2017 2018 2019 1Q20 LTM 74.4 QUARTER 69.5 GB 2015 10.7% 2016 11.6%
Slide 15: Proven Ability to Grow with Prudent Leverage
Proven Ability to Grow with Prudent Leverage (1) Net Debt / Adj. EBITDA 3.1(3) 3.0 2.9 (2) 2.8 2.7 2.7 2.7 (4) 2.6 2.6 2.4 2.2 2.0 1.9 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 1Q20 US$ 2.4 Bn US$ 709 mm CAD$ 1.8 Bn US$ 650 mm ____________ (1) Earnings before interests, taxes, depr
Slide 16: Debt Profile
Debt Profile Total Debt: US$5,110 mm (1) Debt Split by Currency (2) Avg. Tenor: 12 yrs. 1% 5% Avg. Cost: 5.4% Fixed: 86%, Variable:14% USD Ratings: BBB/Baa2/BBB MXN 31% S&P/Moody’s/Fitch US$1.3 Bn CAD Of undrawn Committed 63% EUR Revolver Facility 1.3 Bn 800 700 800 650 600 410 500 328 200 2020 2021
Slide 17: Allocating Capital for a Sustainable Future
Allocating Capital for a Sustainable Future Restructuring 1 CAPEX US $700 M Average from 2016 to 2019 2 Expenses Full Year 2019 Improving our manufacturing footprint 72% 17% • • 7 plant closures 4 new plants Manufacturing logistics • New Distribution Center in Mexico Productivity Initiatives • Syner
Slide 18: Thank you!
Thank you!
Slide 19: 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 of the information that may be required to evaluate any investment in the Company or any of its securit