Grupo Bimbo Sab De Cv Class A · BMV:BIMBO/A
Grupo Bimbo Sab De Cv Class A — Q4 2022 Earnings Presentation
20 slides from Grupo Bimbo Sab De Cv Class A's earnings presentation, 2023
Slide 1: Fourth Quarter 2022 Presentation
S90; PRESENTATION Fourth Quarter 2022
Slide 2: Grupo Bimbo Today
Control Group: 81% Grupo Bimbo Today Float: 19% ARGENTINA BRAZIL +100 CANADA CHILE CHINA COLOMBIA COSTA RICA ECUADOR brands +1,600 +10k EL SALVADOR FRANCE GUATEMALA sales centers 214 HONDURAS INDIA ITALY products bakeries and +55k KAZAKHSTAN MEXICO MOROCCO NICARAGUA other plants PANAMA PARAGUAY rout
Slide 3: 2022, A Year With Historic Financials
2022, A Year With Historic Financials (1) • Reached US$19.8Bn in Net Sales and US$2.7Bn dollars in Adjusted EBITDA, posting 10% and 12% 10-year CAGR, • Acquired Vel Pitar, the leader within the Romanian baking industry at 8x EV/EBITDA, respectively expanding Grupo Bimbo’s presence to 34 • Successful
Slide 4: Becoming a Stronger Leader in Grain-Based Foods
Becoming a Stronger Leader in Grain-Based Foods Completed the sale of “Ricolino” (1) to Mondelēz International, Inc. • An enterprise value of $27 Bn pesos (US$1.37Bn(2)) • A leading player in the confectionery category in Mexico • Use of proceeds: pay debt, capital investments’ plan, and payment of
Slide 5: Leading Brands Across our Markets
Leading Brands Across our Markets U.S. Canada 5
Slide 6: Globally Present, Locally Committed
Globally Present, Locally Committed (1) (3) Market share leader 51.6% 42.3% Top 3 market share within 7 categories Net Sales Adj. EBITDA within 7 categories in most countries(4) +16K associates +27K associates Premium bread Bagels 62 bakeries Breakfast Cakes 80 bakeries Buns & rolls Sliced bread 9.4
Slide 7: Global Undisputed Baking Industry Leader
Global Undisputed Baking Industry Leader INDUSTRY STRUCTURE • Mature life cycle • Increasing regulatory environment • High competition level US $561 Bn1 • Medium technology change Global Baking • Low revenue volatility • Low barriers of entry Industry INDUSTRY PERFORMANCE 49.4% 4.0% • Resilience to
Slide 8: Diversified Portfolio Across Geographies, Categories & Channels
Diversified Portfolio Across Geographies, Categories & Channels (1) Retail Supermarkets, convenience 58% SLICED BREAD BUNS & ROLLS stores, among others Traditional 42% “Mom & Pops” PASTRIES CAKES QSR Developed Markets Emerging Markets Quick Service Restaurants COOKIES TOAST • We have one of the worl
Slide 9: Global Brands with Top of Mind Awareness
Global Brands with Top of Mind Awareness Priorities Maximize value generation Digital Transformation Sustainability (1) Agile mindset >US $1 bn ____________ (1) Internal information. Estimated retail sales by brand considering the last twelve months as of December 31, 2022 9
Slide 10: Clear and Ambitious Sustainability Strategy
Clear and Ambitious Sustainability Strategy BAKED FOR YOU Enable Planetary Diets With Nutritional Diversity 10
Slide 11: With Strong Commitment and Progress Towards our Sustainability Goals
With Strong Commitment and Progress Towards our Sustainability Goals 96% products for daily consumption fully Best Nutritional 100% simple and natural recipes in complied with max levels established for BAKED FOR Profiles For All baking and snacks nutrients to be limited according to internal nutrit
Slide 12: 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 Healthier Plant Transparent Profiles Based Diets Sustainable Brands Nutritional • Growth transparency on-pack and Opportunities online • Great Products • Brand Penetration Cereal diversity • Scale
Slide 13: Leading Management Team with Top-Notch Corporate Governance
Leading Management Team with Top-Notch Corporate Governance Steering Committee Audit and Corporate 39% are independent Name Role Finance and Planning Daniel Servitje CEO Evaluation, Results and Diego Gaxiola CFO Nominations Rafael Pamias COO Mark Bendix Executive VP, GB The Company is making several
Slide 14: Sustained Growth with Potential to Continue Increasing Profitability
Sustained Growth with Potential to Continue Increasing Profitability Includes effect of IFRS16 $53.4 $398.7 CAGR: 8.2%(1) $268.5 $27.3 2017 2018 2019 2020 2021 2022 2017 2018 2019 2020 2021 2022 4Q22 Net Sales Adj. EBITDA Margin 2017(2) 2018 2019 2020 2021 2022 GRUPO BIMBO 10.2% 10.9% 13.0% 13.7% 14
Slide 15: Our Digital Transformation Journey
Our Digital Transformation Journey Digital Evolution to enable business • Agility mindset and Data-Driven growth and sustainability as an agile decision making and consumer- centric company, • Continuously challenging the through innovation & data driven status quo decisions Secure Operations Integr
Slide 16: Proven Ability to Grow with Prudent Leverage
Proven Ability to Grow with Prudent Leverage (1) (3) 3.1 3.0 (4) 2.9 (2) 2.7 (2) 2.7 2.7 2.6 2.6 2.4 2.2 2.0 1.9 2.0(5) 1.9 1.5 (5) 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 US$ 2.4 Bn US$ 709 mm CAD$ 1.8 Bn US$ 650 mm +US$ 1.4 Bn ____________ (1) Adj. EBITDA w/o IFR
Slide 17: Conservative Debt Profile and Ample Liquidity
Conservative Debt Profile and Ample Liquidity (2) Total Debt: US $4,341 mm(1) Avg. Tenor: 14.9 yrs. Avg. Cost: 6.04% Fixed: 94% Ratings: BBB/Baa2/BBB S&P/Moody’s/Fitch US $1.75 Bn in Undrawn Sustainability-linked Committed Revolver Facility 800 650 560 585 498 498 332 398 2023 2024 2025 2026 2027 …
Slide 18: Looking Forward
Looking Forward Guidance Results Net Sales Mid to high-teens +17.7% ✓ Mid to high-single digit Adj. EBITDA(1) Low double-digit +12.8% ✓ High-single digit Effective Tax Mid to high-30's 31.3% ✓ Low to mid-30’s Rate CAPEX US $1.3Bn US $1.4Bn ✓ US$1.7 – US$2.0Bn ____________ (1) Adjusted EBITDA with IF
Slide 19: Thank You
THANK You BIMBO (R@GRUPObIMBO.COM ® ObiMB0,Co NOURISHING A BETTER WORLD
Slide 20: 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