Grupo Bimbo SAB de CV Class A · BMV:BIMBO/A
Grupo Bimbo SAB de CV Class A — Q1 2011 Earnings Presentation
10 slides from Grupo Bimbo SAB de CV Class A's earnings presentation, 2011
Slide 1: GB - Quarterly Highlights
GB - Quarterly Highlights Revenue Growth (GB) EBITDA Growth (GB) (MXN$ in millions) (MXN$ in millions) 117,163 3.5% 14.5% 30,431 13.2% 13.2% 12.6% 12.5% 29,562 29,312 28,781 11.0% 15,468 28,293 3,220 4,293 4,002 3,569 3,598 0 0 1Q 2Q 3Q 4Q 2010 1Q 2Q 3Q 4Q 2010 EBITDA '10 EBITDA '11 Sales '10 Sales
Slide 2: Mexico – Quarterly Highlights
Mexico – Quarterly Highlights Revenue Growth (Mexico) EBITDA Growth (Mexico) (MXN$ in millions) (MXN$ in millions) 7.2% 19.6% 57,870 18.6% 15,331 16.6% 15,075 14,300 14,440 14.0% 14.0% 14,055 12.9% 9,628 1,972 2,687 2,957 2,009 1,974 1Q 2Q 3Q 4Q 2010 1Q 2Q 3Q 4Q 2010 EBITDA '10 EBITDA '11 Sales '10
Slide 3: USA - Quarterly Highlights
USA - Quarterly Highlights Revenue Growth (USA) EBITDA Growth (USA) (MXN$ in millions) (MXN$ in millions) 11.8% 11.9% 47,875 11.4% 10.9% -3.6% 10.7% 8.4% 12,202 12,163 12,075 11,434 5,197 11,017 1,180 1,346 1,449 1,388 1,015 1Q 2Q 3Q 4Q 2010 1Q 2Q 3Q 4Q 2010 Sales '10 Sales '11 EBITDA '10 EBITDA '11
Slide 4: OLA - Quarterly Highlights
OLA - Quarterly Highlights Revenue Growth (OLA) EBITDA Growth (OLA) (MXN$ in millions) (MXN$ in millions) 6.4% 6.3% 5.4% 4.6% 15.3% 14,207 1.7% 1.1% 3,999 3,690 3,656 3,199 3,258 660 204 229 65 176 45 1Q 2Q 3Q 4Q 2010 1Q 2Q 3Q 4Q 2010 Sales '10 Sales '11 EBITDA '10 EBITDA '11 EBITDA margin '10 EBITD
Slide 5: Strong Performance in a Very Attractive and Non-Cyclical Industry
Strong Performance in a Very Attractive and Non-Cyclical Industry Best-in-Class Execution + Resilient Industry = Financial Stability Over Time EBIT Margin EBITDA Margin Gross Margin ∆% 170% 69% 28% -22% -15% -6% -12% 19% -14% 27% 7% -12% 14% 32% 79% -31% -15% 59% 7% 60.0 Wheat prices 90 $US/bushel 4
Slide 6: … and Responsible Financial Management
… and Responsible Financial Management Highlights Leverage Total Debt/ EBITDA Achieve rapid deleveraging – a top priority - Net Debt/ EBITDA Prepaid US$ 400 million during the last 12 months 2.3x 2.2x 2.2x Refinanced US$ 800 million of 2012 obligations using proceeds of the recently concluded senior
Slide 7: Responsible and Proactive Financial Management
Responsible and Proactive Financial Management (March 2010) Debt Structure and Maturity Profile (March 31, 2011) Average Life: 4.9 yrs 222 800 444 418 418 222 63 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Local Bonds Tranche B - 5yr International Bonds Financial flexibility is highly val
Slide 8: Financial Summary
Financial Summary (March 2010) Debt Structure (US$ millions) 800 888 2,586 898 898 898 Local 1 Bonds Long- Term 2 Debt 144-A 3 4 Total US$ Denominated Instrument Amount Currency Average Life 34% (US$ millions) Bank Facilities 888 MXN – USD 2 years 66% Bonds 1,698 MXN – USD 6.5 years MXN$ Denominated
Slide 9: Sara Lee North American Fresh Bakery Acquisition
Sara Lee North American Fresh Bakery Acquisition November 9, 2010 9
Slide 10: Transaction Overview
Transaction Overview Grupo Bimbo acquires: North American Fresh Bakery Division of Sara Lee Corporation (“Sara Lee NAFB”) Royalty-free perpetual license to the Sara Lee® brand in fresh bakery category and select geographies Purchase price: enterprise value of US$959 million Identified synergies of U