Grupo Bimbo Sab De Cv Class A · BMV:BIMBO/A
Grupo Bimbo Sab De Cv Class A — Q2 2026 Earnings Presentation
30 slides from Grupo Bimbo Sab De Cv Class A's earnings presentation, 2026
Slide 1: Investor Presentation Second Quarter 2026
Investor Presentation Second Quarter 2026 NOURISHING A BETTER WORLD
Slide 2: Agenda
AGENDA Strengthening our leadership in 1 the baking and snacks industries 2 Financial highlights | Focus on 1H26 A strong growth trajectory built for the 3 long-term 4 Our ESG journey 2
Slide 3: Global Baking Leader and a Key Player in the Food Industry
Global Baking Leader and a Key Player in The Food Industry Operates in Present in 39 countries 99 countries US$14.1 Bn Market Cap1 +100 +55k US$23.4 Bn brands routes Net Sales (LTM)2 +10k +152k US$3.4 Bn products associates Adj. EBITDA (LTM)2 3 2.5x 250 +1.6K Net Debt / Adj. EBITDA (LTM)4 bakeries a
Slide 4: Highly Diversified Company with Leading Positions Across Categories
Highly Diversified Company with Leading Positions Across Categories North America 1 42.6% 28.2% +26K 78 EAA 2 12.9% Net Sales Net Sales Adj. EBITDA Associates Bakeries & as a % of GB as a % of GB as a % of GB Market share leader within Snackeries 4 categories 10.2% Market share leader within Adj. EB
Slide 5: Leading Player in Two Large, Attractive and Growing Industries
Leading Player in Two Large, Attractive and Growing Industries Leading supplier to the BAKING 3.7% Market share world's most recognized QSR brands with presence across #1 Others Artisanal 42.4% 44.1% US$674 Bn 3.8% 3.4% 91% of the Global QSR market Private Global Player Label Market Size CAGR CAGR 9
Slide 6: Unmatched Reach: Brands, Categories & Channels that Drive Loyalty
Unmatched Reach: Brands, Categories & Channels that Drive Loyalty Leading brands across markets Categories Channels Our distribution fleet travels every day the equivalent to +100 trips in aggregate around the world Sliced bread Bagels Artisan bread Supermarkets, convenience Retail stores, among oth
Slide 7: Consumer-Led Growth: Innovating Across Core & Emerging Categories
Consumer – Led Growth: Innovating Across Core & Emerging Categories GROWING THE CORE DAILY OCCASIONAL i.e Simple recipes i.e Elevating i.e Focus on breakfast i.e Differentiated snacks i.e Smart bites i.e Empowering Whole wheat bread from ingredient quality opportunities anytime premium categories Me
Slide 8: Innovation as a Strategic Growth Engine
Innovation as a Strategic Growth Engine 1 2 3 4 5 We listen first: We co-create: We deliver: We collaborate: We are competitive: Everything starts From insights to action The right solution for Open Innovation for Success drivers with the Consumer every need acceleration End-to-end value chain Deep
Slide 9: Agenda
AGENDA Strengthening our leadership in the baking and snacks industries 1 Financial highlights | 2 Focus on 1H26 3 A strong growth trajectory built for the long-term 4 Our ESG journey 9
Slide 10: 1H26: Quality Growth, Strong Cash Flow and Continued Deleveraging
1H26: Quality Growth, Strong Cash Flow and Continued Deleveraging NET SALES ADJ. EBITDA ADJ. EBITDA MARGIN Financial Results¹ +4.7% +10.4% +110bps →14.2% North America EAA Back to Growth Strong Momentum +110 bps → 9.3% +150 bps → 10.3% FREE CASH FLOW EBITDA Margin EBITDA Margin Ps. $12Bn Returned Ps
Slide 11: North America Delivering Outstanding Results
North America Delivering Back to growth with clear Outstanding Results sequential improvement and margin recovery Transformation unlocking Δ Net Sales ¹ value 0.7% 1.3% Stronger Significant 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 in-market productivity execution benefits (2.9%) (3.4%)
Slide 12: Strengthening Competitive Position Across All U.S. Categories
Winning Across the Portfolio Strengthening Competitive Position Across All U.S. Categories 2Q Sales Salty Premium Buns & Sweet Baked Mainstream Breakfast Growth¹ Snacks Bread Rolls Goods Bread 2 8.9% 2.1% 1.8% 0.9% (0.2%) (1.6%) 3rd consecutive quarter Back to positive growth. Leading the market for
Slide 13: Mexico Continues to Outpace the Market
Mexico Continues to Outpace the Market Growth in a Demanding Consumer Environment ~240bps gap widened from ~90bps in 1Q26 RESILIENCE 1H26 RESULTS ★ BIMBO GB Mexico ANTAD¹ Net Sales Growth Total Sales Growth +4.6% 20.6% +100 bps Sales Growth EBITDA Margin* Margin Expansion* 4.5% 4.7% *Includes extrao
Slide 14: EAA: Built to Last
EAA: Built to Last Strategic Acquisitions, Sustained Margin Expansion EBITDA Margin % 10.8% 11.4% Sales (MXN billion) 9.4% 7.6% 7.9% 7.2% 6.3% 7.0% 0.4% $54.6 -8.5% $18.7 2017 2018 2019 2020 2021 2022 2023 2024 2025 LTM 2Q26 ★ RECENT ACQUISITIONS CONTINUE TO ★ 1H26 RESULTS STRENGTHEN SCALE AND CAPAB
Slide 15: Strong Free Cash Flow Generation
Strong Free Cash Flow Generation Supports Capital Returns and Deleveraging Free Cash Flow¹ ★ Adj. EBITDA (ex IFRS16) Ps. $25.9 Bn Ps. $12Bn ★ CAPEX Ps. ($6.9) Bn ★ Working Capital Ps. $2.6 Bn ★ Taxes Ps. ($4.4) Bn ★ Net Interest Ps. ($5.3) Bn ______________ 1. Free Cash Flow Formula= Adjusted EBITDA
Slide 16: Sustainable Growth with Proven Ability to Deleverage
Sustainable Growth with Proven Ability to Deleverage Sustainable Growth With Proven Ability To Deleverage Net Debt / Adj. EBITDA¹ Evolution 3.1 3 3.0 4 2.9 2.9 2.7 2.7 2.7 2.7 2 2.6 2.6 2.5 2.4 2.0 2.2 1.9 2.1 1.9 1.9 5 1.5 2008 2008 2009 2010 2010 2011 2012 2012 2013 2014 2014 2015 2016 2016 2017 2
Slide 17: Conservative Debt Profile and Ample Liquidity
Conservative Debt Profile and Ample Liquidity Currency and Rate Mix2 Total Debt: US $8,796 mm¹ 3% 1% 12% 18% Avg Tenor: 9.5 years 42% Avg. Cost2: 6.5% 42% 82% USD MXN EUR CAD GBP Fixed Floating US $2.35 Bn Undrawn Committed Revolving Credit Facility 181 107 705 900 731 687 800 551 159 550 650 560 58
Slide 18: Agenda
AGENDA Strengthening our leadership in the baking and snacks industries 1 Financial highlights | Focus on 1H26 2 3 A strong growth trajectory built for the long-term 4 Our ESG journey 18
Slide 19: Driving Consistent Growth and Profitability
Driving Consistent Growth and Profitability Evolution & Growth 2008 1 (1) 2018 2 LTM 2Q26 (1) 2 in the last 18 years Net Sales (US$) $7.4 Bn $15.0 Bn $23.4 Bn 3.2x Adj. EBITDA (US$) $881 MM $1.6 Bn $3.4 Bn3 3.9x Adj. EBITDA Margin 11.9% 11.0% 14.5% 2.6pp EAA EAA Geographic Diversification 22% 64% 14
Slide 20: Sustained Profitability: Margin Improvement Across Regions
Sustained Profitability: Margin Improvement Across Regions — with a Clear Path to Further Upside Key Drivers Adj. EBITDA¹ Margin % Mix & Volume Favorable price mix and 2015 2020 2025 1H25 1H26 volume growth Manufacturing New capabilities improving Grupo Bimbo 10.7% 13.7% 13.9% 13.1% 14.2% cost struc
Slide 21: Capex: our Top Priority
Capex: our Top Priority, Consistent with our Long-term Strategy USD Bn Our Capex Strategy $2.0 $1.6 Business Continuity $1.4 1 Maintaining operational excellence across all facilities $1.2 $1.0 $1.0-1.2 Growth Expansion $0.6 2 New capacity, markets and production capabilities Productivity 2020 2021
Slide 22: Strategic M&A: Focused on Bolt-On Acquisitions
Strategic M&A: Focused on Bolt-On Acquisitions New Geographies Complementary/Synergistic Differentiated Know-how & Capabilities 2026 Tunisia 2025 Balkans Romania Brazil 2024 Uruguay Tunisia Turkey Romania Costa Rica 2023 Romania Spain US Canada US 2022 UK & US 2021 India Avg. 5-year annual investmen
Slide 23: Looking Forward
Looking Forward Raising our guidance despite higher inflationary headwind 2026 Guidance Excluding FX Effect Including FX Effect Flat to low single-digit Net Sales Mid single-digit growth decline 1 Margin expansion between Adj. EBITDA 70bps to 120bps CAPEX US $1.0-1.2 Bn Inflation impact Assumption •
Slide 24: Agenda
AGENDA Strengthening our leadership In the baking and snacks industries 1 Financial highlights | Focus on 1H26 2 A strong growth trajectory built for the 3 long-term 4 Our ESG journey 24
Slide 25: Clear and Ambitious Sustainability Strategy
Clear and Ambitious Sustainability Strategy NOURISHING A BETTER WORLD Environmental Product quality Human rights and Sustainable raw standards and safety labor standards material sourcing 25
Slide 26: Strong Commitment Towards our Sustainability Goals
Strong Commitment Towards our Sustainability Goals 2030 Goals Baked for you Baked for life Baked for nature 1 social impact project at least per Reduction of Co² emissions vs. 2019: 100% simple and natural recipes in 50% Scope 1 and 28% Scope 3 baking and snacks work center 100% packaging supports a
Slide 27: Best Nutritional Profiles
Best Nutritional Profiles of the portfolio already meets 48% the highest nutrition standards Key nutrition focus areas Our ambition Clean Label • Simple & natural recipes •Simple recipes •Recognizable ingredients 2030 • Products supporting healthy plant-based diets 100% • Nutritional transparency Po
Slide 28: Leading Management Team with Top-Notch Corporate Governance
Leading Management Team with Top – Notch Corporate Governance Board of Directors · 18 members Executive Team Alejandro CEO Rodríguez Bas Daniel Servitje 39% 28% Juan Muldoon Chief People Officer Executive Chair Independent Members Women Diego Gaxiola CFO Evaluation, Chief Supply Chain Audit and Fina
Slide 29: Thank you!
NOURISHING A BETTER WORLD Thank you! ir@grupobimbo.com www.grupobimbo.com
Slide 30: 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