Gruma Sab De Cv Class B · BMV:GRUMA/B

Gruma Sab De Cv Class B — Q2 2007 Earnings Presentation

26 slides from Gruma Sab De Cv Class B's earnings presentation, Jul 25, 2007

1. Slide 1: Financial Highlights

   GRUMA, S.A.B. DE C.\ AND SUBSIDIARIES (titons of constant pesos as of June 30,2007) FINANCIAL HIGHLIGHTS YTD JUNE 16682 1472713 8281 5.122 3 Ss Bs 605 785. (21) Bes 52% =) (18) moe ow a5) ® oy a7) 3) @ (234) (282), 23604 17) os 72) learnnics PER sHaRe! oso 100 (tt), os 78) 438180) learns PER ADR (us

2. Slide 2: Financial Highlights by Subsidiary

   GRUMA. S.A.B. DE C.V.. AND SUBSIDIARIES (tions of constant pesos os of June 30, 2007) FINANCIAL HIGHLIGHTS BY SUBSIDIARY ‘QUARTERS YD JUNE 7a SE van | Tow VaR) | 2007 as AR [SRUMACORPORATIONT SALESVOLUME frouordomticios) | M2 308 2 | SS | OOF Icom ta. andoten NET SALES 4a tno | ae | waar zs 10 ‘Ghos

3. Slide 3: Balance Sheets Consolidated

   MEAICAN STOCK EXCHANGE (ODE: GRUMA QUARTER: 2 YEAR: 2007 GRUMA, SAB. DEC. ‘STOCK EXCHANG! BALANCE SHEETS [AT JUNE 20 OF 2007 AND 2008 CONSOLIDATED (Thousands of Jan Pesos) Fioal Printing (CURRENT YEAR PREVIOUS YEAR ‘CONCEPTS “Amount ‘Amount TOTAL ASSETS 2,200,788, 20,280,049 CURRENT ASSETS e251718 C

4. Slide 4: Balance Sheets Breakdown of Main Concepts

   MEXICAN STOCK EXCHANGE STOCK EXCHANGE CODE: GRUMA QUART: GRUMA, SAB. DE CN. BALANCE SHEETS BREAKDOWN OF MAIN CONCEPTS CONSOLIDATED (Thousands of Mevican Pesos) Fieal Printing (CURRENT YEAR PREVIOUS YEAR ‘CONCEPTS ‘Amount ‘Amount CASH AND SHORT-TERM INVESTMENTS 227.703 cASH 361.263 SHORT-TERM INVESTM

5. Slide 5: Balance Sheets Breakdown of Main Concepts (continued)

   MEXICAN STOCK EXCHANGE STOCK EXCHANGE CODE: GRUMA QUARTER; 2 © YEAR: 2007 GRUMA, SAB. DE CN. BALANCE SHEETS CONSOLIDATED BREAKDOWN OF MAIN CONCEPTS (Thousands of Mexican Pesos) Final Printing (CURRENT YEAR PREVIOUS YEAR ‘CONCEPTS ‘Amount ‘Amount {ETAINED EARNINGS AND CAPITAL RES: 11,540,108 LEGAL RE

6. Slide 6: Balance Sheets Other Concepts

   MEXICAN STOCK EXCHANGE STOCK EXCHANGE CODE: GRUMA GRUMA, SAB. DE CN. ‘CONCEPTS QUARTER: BALANCE SHEETS OTHER CONCEPTS (Thousands of Mexican Pesos) (CURRENT YEAR 2 YEAR: = 2007 CONSOLIDATED Final Printing PREVIOUS YEAR ‘Amount WORKING CAPIT/ ENSIONS AND SENIORITY PREMIUMS EXECUTIVES (") EMPLOYEES (*)

7. Slide 7: Statements of Income Consolidated

   MEXICAN STOCK EXCHANGE STOCK EXCHANGE CODE: GRUMA QUARTER: 2 YEAR: 2007 GRUMA, SAB. DE CN. STATEMENTS OF INCOME. CONSOLIDATED ROM JANUARY THE tst TO JUNE. (Thousands of Mexican Pesos) Fieal Printing CURRENT YEAR PREVIOUS YEAR ‘CONCEPTS Amount ‘Amount NET SALES 10,651,042 14,727,196 COST OF SALES a1a

8. Slide 8: Statements of Income Breakdown of Main Concepts

   MEXICAN STOCK EXCHANGE STOCK EXCHANGE CODE: GRUMA QUARTEF GRUMA, SAB. DE CN. 2 YEAR: 2007 STATEMENTS INCOME BREAKDOWN OF MAIN CONCEPTS CONSOLIDATED (Thousands of Mexican Pesos) Final Penting (CURRENT YEAR PREVIOUS YEAR ‘CONCEPTS ‘Amount ‘Amount NET SALES 0.651.043 14727, DOMESTIC 5.381.207 54 FOREIG

9. Slide 9: Statements of Income Other Concepts

   STOCK EXCHANGE CODE: GRUMA GRUMA, SAB. DE CN. ‘CONCEPTS MEXICAN STOCK EXCHANGE STATEMENTS OF INCOME OTHER CONCEPTS (Thousands of Mexican Pesos) (CURRENT YEAR 2 YEAR: 2007 CONSOLIDATED Final Printing PREVIOUS YEAR ‘Amount Amount TOTAL SALES ‘TAX RESULT FOR THE YEAR NET SALES ("*) OPERATING INGOME (")

10. Slide 10: Quarterly Statements of Income

    MEXICAN STOCK EXCHANGE STOCK EXCHANGE CODE: GRUMA QuarTeR: 2 YEAR: 2007 GRUMA,S.A8. DE CN. (QUARTERLY STATEMENTS OF INCOME FROM APRIL THE 1st TO JUNE 20 OF 2007 AND 2008 CONSOLIDATED (Thousands of Mexican Pesos) Fieal Printing (CURRENT YEAR PREVIOUS YEAR ‘CONCEPTS ‘Amount ‘Amount NET SALES 2.724010

11. Slide 11: Quarterly Statements of Income Breakdown

    MEXICAN STOCK EXCHANGE STOCK EXCHANGE CODE: GRUMA QUARTER: 2 YEAR: 2097 GRUMA, S.A. DE Cw. QUARTERLY STATEMENTS OF INCOME BREAKDOWN OF MAIN CONCEPTS CONSOLIDATED (Thousands of Mexican Pesos) Final Penting (CURRENT YEAR PREVIOUS YEAR CONCEPTS Amount ‘Amount NET SALES 2.7248 DOMESTIC 2770316 FOREIGN 5

12. Slide 12: Statements of Changes in Financial Position

    MEXICAN STOCK EXCHANGE STOCK EXCHANGE CODE: GRUMA QUARTER: 2 YEAR: 2007 STATEMENTS OF CHANGES IN FINANCIAL POSITION FROM JANUARY THE 1st TO JUN GRUMA, SAB CONSOLIDATED 0 OF 2007 AND 2008 (Thousands of Mexican Pesos) Final Printing (CURRENT YEAR PREVIOUS YEAR CONCEPTS Amount Amount CONSOLIDATED NET I

13. Slide 13: Statements of Changes in Financial Position Breakdown

    MEXICAN STOCK EXCHANGE STOCK EXCHANGE CODE: GRUMA GRUMA, SAB DECY. STATEMENTS OF CHANGES IN FINANCIAL POSITION BREAKDOWN OF MAIN CONCEPTS CONSOLIDATED (Thousands of Mexican Pesos) Final Printing ‘CURRENT YEAR PREVIOUS YEAR CONCEPTS Amount Amount TO INCOME WHICH DO NOT REQUIR 8 471.288 e10.812 (130,2

14. Slide 14: Data per Share

    MEXICAN STOCK EXCHANGE STOCK EXCHANGE CODE: GRUMA Quarter: 2 YEAR: GRUMA, S.AB. DE CV. DATA PER SHARE CONSOLIDATED INFORMATION Fioal Printing (CURRENT YEAR PREVIOUS YEAR CONCEPTS AMOUNT ‘AMOUNT BASIC PROFIT PER ORDINARY SHARE ("*) BASIC PROFIT PER PREFERRED SHARE ("*) DILUTED PROFIT PER ORDINARY SHA

15. Slide 15: Analysis of Investments in Shares: Subsidiaries

    STOCK EXCHANGE CODE: GRUMA GRUMA, SAB. DEC. COMPANY NAME MEXICAN STOCK EXCHANGE QUARTER: ANALYSIS OF INVESTMENTS IN SHARES SUBSIDIARIES MAIN ACTIVITIES NUMBER OF SHARES 2 YEAR: 2007 CONSOLIDATED Final Printing % OWNERSHIP GRUMA CENTROAMERICA PRO.Y DIS.HARINA MAIZ (GRUMA CORPORATION PRO.Y DIS.HARINA

16. Slide 16: Analysis of Investments in Shares: Associates

    STOCK EXCHANGE CODE: GRUMA GRUMA, SAB.DE CN. ‘COMPANY NAME. MEXICAN STOCK EXCHANGE QUARTER: ANALYSIS OF INVESTMENTS IN SHARES ASSOCIA MAIN ACTIVITIES NUMBER OF % 2 YEAR: 2007 CONSOLIDATED Final Printing TOTAL AMOUNT (Thousands of Mexioan owneRsHie “ACQUISITION AUISITION | pox VALUE GRUPO FINANCIERO

17. Slide 17: Credits Break Down Consolidated

    (CREDITS BREAK DOWN CONSOLIDATED: sanas ot Melcan Pesos) Fraierntng

18. Slide 18: Credits Break Down

    CREDITS BREAK DOWN, Fraierntng

19. Slide 19: Credits Break Down

    CREDITS BREAK DOWN na Print

20. Slide 20: (Tousands ot MexcanPeses) Fra peneng

    MEXICAN STOCK EXCHANGE (Tousands ot MexcanPeses) Fra peneng DOLLARS (1) omen cursencies ora rovsanod

21. Slide 21: snowsanas of Meican Pees Fraleeneng

    MEXICAN STOCK EXCHANGE snowsanas of Meican Pees Fraleeneng pos nstarion |" AND (LOSS),

22. Slide 22: MEXICAN STOCK EXCHANGE

    MEXICAN STOCK EXCHANGE

23. Slide 23: Mexican Stock Exchange

    MEAIAN STOCK CACTANSE

24. Slide 24: Sales Distribution by Product

    MEXICAN STOCK EXCHANGE SALES DISTRIBUTION BY PRODUCT

25. Slide 25: Sales Distribution by Product Consolidated

    MEXICAN STOCK EXCHANGE SALES DISTRIBUTION BY PRODUCT consouDarED

26. Slide 26: Analysis of Paid Capital Stock

    MEXICAN STOCK EXCHANGE ANALYSIS OF PAID CAPITAL STOCK

Gruma — Q2 2007 Earnings Presentation on 6ix