Grupo Herdez Sab De Cv · BMV:HERDEZ
Grupo Herdez Sab De Cv — Investor Presentation (2022)
22 slides from Grupo Herdez Sab De Cv's investor presentation, 2022
Slide 1: Executive Presentation
EXECUTIVE PRESENTATION
Slide 2: Forward-Looking Statement
FORWARD-LOOKIN G STATEMENT The information contained herein (the “Information”) has been prepared by Grupo Herdez, S.A.B. de C.V., its subsidiaries and/or affiliated companies (“Grupo Herdez”), and may contain forward- looking statements that reflect Grupo Herdez’s current expectations and views, wh
Slide 3: Corporate Structure
Corporate Structure 03 50% 50% 50% 100% McCormick México Barilla México Herdez Del Fuerte Impulse Division Grupo Herdez consolidates 100 since 1947 since 2002 since 2008 Nutrisa 2013 percent of its Impulse division, Herdez Helados Nestlé 2015 Cielito Querido Café 2019 Del Fuerte - Mexico, Barilla Mé
Slide 4: Leading Brands
Leading Brands Our Brands in Mexico 04 Our Brands in the U.S. Distribution Agreements in Mexico
Slide 5: Net Sales
Net Sales Net sales have tripled in the last ten years. figures in millions of pesos 30,000 27,412 26,153 25,000 24,036 22,420 3.0x 20,065 20,971 20,000 18,181 05 16,356 15,000 14,139 13,180 11,220 9,697 10,000 5,000 - 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 12M1Q22 CONSOLIDATED FIGUR
Slide 6: EBITDA
EBITDA EBITDA has doubled in the last ten years. figures in millions of pesos 4,500 4,197 4,150 4,000 3,944 3,818 15, 953 2.5x 3,517 3,500 3,295 3,000 2,887 2,827 06 2,500 2,415 2,050 2,000 1,849 1,664 1,500 1,000 500 - 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 12M1Q22 CONSOLIDATED FIGU
Slide 7: Consolidated
Consolidated Net Sales EBITDA figures in millions of pesos figures in millions of pesos 27,412 26,153 4,197 2,013 4,150 24,036 1,904 3,818 358 3,944 22,420 3,476 199 2,005 3,273 4,044 185 100 20,971 3,517 169 10 1,630 3,748 3,850 2,608 21,923 169 1,531 20,977 506 3,229 332 2,985 19,423 3,142 17,562
Slide 8: Segments
Segments Preserves Impulse Exports Net Sales 21,923 | 20,977 | 19,423 3,476 | 3,273 | 2,608 2,013 | 1,904 | 2,006 millions of pesos 27,412 08 2020: 26,153 Growth: 12M1Q22 2021 2020 12M1Q22 2021 2020 12M1Q22 2021 2020 4.8% Growth 12M1Q22 vs 2021: 4.5% Growth 12M1Q22 vs 2021: 6.2% Growth 12M1Q22 vs
Slide 9: Debt Structure
Debt Structure Maturities Rates Mix figures in millions of pesos 35% 2,500 2,000 2,000 1,000 750 65% 09 250 250 250 250 250 250 250 250 2022 2023 2024 2025 2026 2027 2028 2029 2030 HERDEZ 20-2 BANK LOAN HERDEZ 13 HERDEZ 17 HERDEZ 20 Fixed Floated Agency: S&P Ratings Fitch Ratings Financial Debt 10,0
Slide 10: Free Cash Flow
Free Cash Flow Cash Flow from Operating Activities Capex* Free Cash Flow 10 2019 2020 2021 1Q22 CONSOLIDATED FIGURES IN MILLIONS OF PESOS. CAPEX INCLUDES THE PURCHASE AND SALE OF PROPERTY, PLANT AND EQUIPMENT. FOR 2020, CAPEX EXLUDES EXTRAORDINARY INCOME FROM THE SALE OF THE TUNA VESSEL.
Slide 11: M&A
M&A We strengthen our portfolio with distinguished brands and with opportunities for capitalization in the channels in which we participate. Helados Nestlé Acquisition $1,000 mop Amount: Purchase: Assets 11 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Nutrisa Moyo y Cielito Querido Café (C
Slide 12: Commercial Leadership
Commercial Leadership We are #1 or #2 in categories that represent 86% of our sales in Mexico. +60% 99% 18 times 12 Of our brands are Of Mexican households Are bought our in the buy our products. products by each Top 3 household in Mexico. of Brand Power 44% 31% Of market share for Of market share f
Slide 13: Commercial Leadership
Commercial Leadership Consolidated Sales Mix Consolidated Sales Mix By Channel By Category* Wholesalers Mayonnaise 3% 12% Impulse SuperMarket 5% Pasta Club stores 6% 32% Tomato purée 13 Exports 36% Vegetables 3% 7% Stores* Mole 3% Tea Food service 4% Salsa 10% Convenience 5% Jams DSD (traditional) K
Slide 14: Distribution of Costs and Expenses
Distribution of Costs and Expenses Costs of Sale SG&A 18% Raw Material 13% Costs of Sale 14 Packaging 14% Material 12% 49% Administrative Expenses Finished Product 73% P&P Expenses 21% Other ACCUMULATED INFORMATION AS OF MARCH 31, 2022
Slide 15: Repurchase Program
Repurchase Program Stocks Am ou nt ( left a xi s ) 450,000 12,000 400,000 10,302 10,000 350,000 8,865 8,156 300,000 8,000 15 6,556 6,552 6,553 6,550 250,000 6,000 200,000 4,576 4,637 150,000 3,668 3,786 4,000 3,108 100,000 2,288 2,031 2,000 1,508 50,000 879 822 0 0 1T18 2T18 3T18 4T18 1T19 2T19 3T19
Slide 16: Sustainability Model
Sustainability Model We are signatories to the United Nations Global Compact and are committed to the following SDGs: Community People Planet 16 2 ZERO HUNGER 5 GENDER EQUALITY 6 CLEAN WATER AND SANITATION DECENT WORK RESPONSIBLE 8 AND ECONOMIC 12 CONSUMPTION AND PRODUCTION GROWTH 13 CLIMATE ACTION
Slide 17: Sustainability Model
Sustainability Model Main Results: Community People Planet 17 5.3% Of our consolidated net income is invested in social programs Decent working conditions for more than 10 thousand people. 87% Of the waste we generate gets recycled. +42 Thousand people benefited from food safety, marketing, safety W
Slide 18: Awards
Awards 14 years with the “Empresa Six plants of Grupo Herdez have the Socialmente Responsable” mark “Industria Limpia” certification 18 Carbon Disclosure Project is a global environmental MSCI's rating aims to measure the resilience of a global environmental disclosure system. The measure a company'
Slide 19: Corporate Governance
Corporate Governance The Board of Directors is composed of 9 directors, of whom: 22% 33% 19 67% 78% Regular Independent Women Men
Slide 20: Preview 2022
Preview 2022 14 – 20 % 16 - 22 % 16 - 22 % 12 - 20 % 20 Net sales growth EBIT growth EBITDA growth Net Income growth Good position to generate value for investors
Slide 21: Preview 2022
Preview 2022 Expected growth rates for Grupo Herdez segments. % % % 21 Net Sales 12 – 18 26 – 32 16 – 22 EBIT 3–5 NM 16 – 22 EBITDA 4-8 > 100% 18 – 24
Slide 22: For More Information
WWW.GRUPOHERDEZ.COM.MX FOR MORE INFORMATION: invrel@herdez.com