Grupo Bimbo Sab De Cv Class A · BMV:BIMBO/A
Grupo Bimbo Sab De Cv Class A — Q4 2020 Earnings Presentation
22 slides from Grupo Bimbo Sab De Cv Class A's earnings presentation, Dec 19, 2021
Slide 1: Investor Presentation Fourth Quarter 2020
Investor Presentation Fourth Quarter 2020
Slide 2: Grupo Bimbo Today
Grupo Bimbo Today .% % Argentina US $10.1 Bn 33 Brazil MARKET CAP 1 Canada COUNTRIES Chile China 203 Colombia US $15.4 Bn PLANTS Costa Rica Ecuador NET SALES 2 El Salvador +53,000 France Guatemala ROUTES US $2.1 Bn Honduras India ADJ. EBITDA3 +2.8 M Italy Kazakhstan POINTS OF SALE Mexico Morocco Nic
Slide 3: 4Q20 and Full Year Results Highlights
4Q20 and Full Year Results Highlights • Posted record sales for a fourth quarter and full year • Adjusted EBITDA1 reached record levels for a fourth quarter and full year • Net Majority Income increased 58.4%, and the margin expanded 100 basis points • Cumulative Gross Cash Flow2 doubled closing the
Slide 4: Leading Brands Across our Markets
Leading Brands Across our Markets NORTH AMERICA MEXICO LATIN AMERICA EAA U.S. CANADA 4
Slide 5: Globally Present, Locally Committed
Globally Present, Locally Committed Top 3 market share Market share North America(1) EAA(3) within 7 categories in leader within 25.9K Associates 12.2K Associates most countries(4) 8 categories 55 plants 78 plants Canada USA Sliced bread Sliced bread Bagels Breakfast Snack cakes Premium bread Tortil
Slide 6: Global Leader in the Baking Industry
Global Leader in the Baking Industry represents 4.3% of the US $449 Bn Global Baking Industry1 Over 1.2x second player, Mondelez & 3.5x third player, Campbells’ Soup1 Artisanal and Private labels representing 46% of industry sales1 Industry Fundamentals2 Industry Performance - Highly fragmented indu
Slide 7: Our Strong Position and Diversification
Our Strong Position and Diversification By Geography By Categories & Products By Channel Sales by Geographic Region 10+ Different Categories Retail North Supermarkets, convenience stores, America among others 53% Sliced Buns & English Salty Bread Rolls Snacks Bagels Muffin Traditional “Mom & pops” C
Slide 8: Our Top Brands
Our Top Brands +US $1 billion +US $500 million +US $250 million +US $100 million Source: Internal information on estimated retail sales by brand considering the last twelve months as of December 31, 2020 8
Slide 9: Extensive Markets Knowledge Drives Global Expansion
Extensive Markets Knowledge Drives Global Expansion Success Drivers Scale and global diversification From Mexico From Mexico From U.S. to 19 countries to 16 countries to 6 countries Distribution efficiencies Strong brand equity From Mexico From Mexico From U.S. to 9 countries to 17 countries to 5 co
Slide 10: Our Recipe for Growth and Transformation
Our Recipe for Growth and Transformation Scale-up our Go-to- Market Strategy Serve our consumers with Great Products Streamline our Supply Expand our Brand Chain Costs Penetration Capture Large and SG&A Reduction Nourish a Better Actionable Growth World Opportunities 10
Slide 11: Successfully Navigating New Challenges
Successfully Navigating New Challenges COVID-19 INITIATIVES Daily sanitation measures and personal protective equipment ASSOCIATES Flexibility to do remote work or special shifts Restructured our routes to better reach our customers SUPPLY CHAIN Addressed increased demand in the U.S. by reopening th
Slide 12: Innovation: Our Key to Success
Innovation: Our Key to Success A Brand of Ancient Mini Presentations Snacks Expansion Ingredients Clean label & Natural & Simple compostable Ingredients packaging No preservatives and artificial Baked, Not Fried colorants added 12
Slide 13: Our Innovation Platform
Our Innovation Platform Investment in promising start ups o Streamline and digitize our Mexico & LATAM USA supply chain o Transforming our distribution models o Engaging in disruptive product innovation o Identifying and leveraging new technologies for business improvement Europe & ROW 13
Slide 14: Our Environmental & Sustainability Approach
Our Environmental & Sustainability Approach Sustainability Strategy 2025 Goals Renewable Energy 100% o 85% in Mexico, 100% in U.S RENEWABLE ELECTRIC POWER o In Chile, we have the largest solar roof in South America +4,000 o Piedra Larga Windfarm, supplies 70% ELECTRIC VEHICLES of the electric power
Slide 15: Leading Company in Corporate Governance
Leading Company in Corporate Governance COMMITTEES BOARD OF DIRECTORS Steering Committee Audit and Corporate 38% are independent Name Role Finance and Planning Daniel Servitje CEO Evaluation and Results Diego Gaxiola CFO Javier González Executive VP, GB Rafael Pamias Executive VP, GB Grupo Bimbo obt
Slide 16: Sustained Growth in Sales and Profitability
Sustained Growth in Sales and Profitability Includes effect 1 NET SALES Bn. Mexican pesos ADJ. EBITDA of IFRS16 45.2 CAGR: 8.6% 331.1 289.3 291.9 37.9 252.1 268.5 31.7 219.2 29.3 27.3 23.4 2015 2016 2017 2018 2019 2020 2015 2016 2017 2018 2019 2020 QUARTER 84.8 GB 2015 10.7% 2016 11.6% 2017 10.2% 20
Slide 17: Proven Ability to Grow with Prudent Leverage
Proven Ability to Grow with Prudent Leverage (1) Net Debt / Adj. EBITDA 3.1 (3) 3.0 (4) 2.9 (2) 2.7 2.7 2.7 2.6 2.6 2.4 2.2 2.0 1.9 1.9 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 US$ 2.4 Bn US$ 709 mm CAD$ 1.8 Bn US$ 650 mm ____________ (1) Adj. EBITDA w/o IFRS16: Earnings befo
Slide 18: Debt Profile
Debt Profile Total Debt: US $4,272 mm (1) Debt Split by Currency (2) Avg. Tenor: 13.2 yrs. 7% Avg. Cost: 6.1% USD Fixed: 100%, Variable: 0% MXN 40% 53% Ratings: BBB/Baa2/BBB S&P/Moody’s/Fitch CAD US$2.0 Bn in undrawn Committed Revolver Facility 1600 798 500 800 650 596 400 386 483 500 1 2020 2021 20
Slide 19: Looking Forward
Looking Forward 2021 Guidance 2021 Guidance 2020 Guidance 2020 Results vs. 2020 vs. 2019 Net Sales Low double-digit +13.4% Flat Low double-digit Adj. EBITDA1 Mid to high-teens +19.3% Flat Mid to high-teens Tax Rate High 30's-Low 40's 37% Mid to high-30's CAPEX US $650-$750M US $621M US $900M-$1Bn (1
Slide 20: In the Face of New Challenges, We Are Stronger
In the Face of New Challenges, We Are Stronger Benefited from being a global and diversifed company in terms of channels, Gained millions of new categories households due to exposure during the pandemic and geographies which we intend to retain Our frontline associates Increased the continue to perf
Slide 21: Thank you!
NOURISHING A BETTER WORLD
Slide 22: 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 of the information that may be required to evaluate any investment in the Company or any of its securit