Grupo Bimbo Sab De Cv Class A · BMV:BIMBO/A
Grupo Bimbo Sab De Cv Class A — Q1 2024 Earnings Presentation
22 slides from Grupo Bimbo Sab De Cv Class A's earnings presentation, Apr 22, 2024
Slide 1: Investor Presentation First Quarter 2024
Investor Presentation First Quarter 2024
Slide 2: The Largest Baking Company in the World and a Leading Global Food Player
The Largest Baking Company in the World and a Leading Global Food Player 35 countries US$22.6 Bn Market Cap(1) +100 +57k brands routes US$22.7 Bn Net Sales(2) +9k +1.5K products sales centers US$3.1 Bn 227 +151k associates Adj. EBITDA(2)(3) bakeries 2.3x ARGENTINA • BRAZIL • CANADA • CHILE • CHINA •
Slide 3: Quarterly Results Highlights and Recent Developments
Quarterly Results Highlights Recent Developments • Despite the tough comparison, Net Sales excl, FX rate impact were ▪ Acquired Molien d’Or, the market leader essentially flat, reflecting strong sales performance across most in branded sweet baked goods in Tunisia, regions, which was primarily offse
Slide 4: Globally Present, Locally Committed
Globally Present, Locally Committed North EAA (2) America (1) Top 3 market share Market share leader 47.3% 10.2% within 7 categories within 7 categories Net Sales Net Sales in most countries(3) U.S. – Premium 35.0% 5.4% bread, Breakfast, Adj. EBITDA Adj. EBITDA Buns & rolls Canada – Bagels, +28K ass
Slide 5: Our Leading Brands Across our Markets
Our Leading Brands Across our Markets North America Mexico Latin America EAA U.S. Canada 5
Slide 6: Global Baking Industry Leader with a Relevant Share in the Snacking Industry
Global Baking Industry Leader with a Relevant Share in the Snacking Industry Baking Industry Snacks Industry Bimbo is a Global 2.4x Market Share 4.9x Market Share #1 Global Player Top 10 Grupo Bimbo has Demonstrated the Leader in… 3.4% >1.0% of 2nd Largest of 3rd Largest Player Player Market Share F
Slide 7: Diversified Portfolio with Global Brands on Top of Mind of our Consumers
Diversified Portfolio with Global Brands on Top of Mind of our Consumers Leading Brands Categories Channels 01 Retail sliced bread Supermarkets, convenience stores, among other 02 Traditional “Mom & Pops” 03 QSR pastries buns & rolls toast Quick Service Restaurants 04 Foodservice, wholesale, vending
Slide 8: Our Global and Local Brands Meet All Consumption Occasions
No added fats, colorants or artificial preservatives, prepared through a slow baking process that allows the original flavor of the ancestral and essential grains to be preserved Our Global and Local Brands Meet All Consumption Occasions Nutrition Hackers Uplifting Treats Rise & Shine Beloved Meals
Slide 9: 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 Profiles Healthier Plant Based Diets Transparent Sustainable Brands • Clean label • Cereal-diversity • Nutritional transparency • Positive nutrition • Nutritional on-pack and online • Smart portio
Slide 10: Driving Consistent Growth and Profitability
Driving Consistent Growth and Profitability (1)(2) (2) Evolution & (2) Growth in the 2008 2013 LTM 1Q24 last 15 years Net Sales US$7.4 Bn US$14.1 Bn US$22.7 Bn 3.1x Adj. EBITDA US$0.9 Bn US$1.4 Bn US$3.1(3) Bn 3.4x EAA EAA 4% 10.2% Geographic Diversification NA 22% Mex 64% NA 48% Mex 36% NA 47.2% Me
Slide 11: High Growth Business Model Even in Challenging Macro Environments
High Growth Business Model Even in Challenging Macro Environments Mexico’s Global COVID 19 Recession Financial Crisis 6.0x Mexico’s GDP growth 5.5x USA’s GDP growth (1) (2) 1980 1984 1988 1992 1996 2000 2004 2008 2012 2016 2020 2023 Net Sales $393.9 Adj. Ebitda $53.9 CAGR: 7.3%(3) CAGR: 8.7%(3) $291
Slide 12: Highly Resilient Adjusted EBITDA Margin and Margin Expansion Across Geographies
Highly Resilient Adjusted EBITDA Margin and Adjusted EBITDA Margin Expansion Across Geographies Favorable price and product/mix Adj. EBITDA Margin % LTM Strong volume performance 2019 2020 2021 2022 2023 1Q24 New manufacturing capabilities Grupo Bimbo 13.0% 13.7% 14.0% 13.4% 13.7% 13.7% Increased sc
Slide 13: Sustainable Growth with Proven Ability to Deleverage
Sustainable Growth with Proven Ability to Deleverage (1) Net Debt / Adj. EBITDA (3) 3.1 (4) 3.0 2.9 (2) 2.7 2.7 2.7 (2) 2.6 2.6 2.4 2.3 2.2 (5) 2.1 2.0 1.9 2.0 1.9 (5) 1.5 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 LTM 1Q24 US$ 2.4 Bn US$ 709 mm CAD$ 1.8 Bn US$ 6
Slide 14: Conservative Debt Profile and Ample Liquidity
Conservative Debt Profile and Ample Liquidity Total Debt US $7,698 mm(1) Currency Mix (2) Avg. Tenor 11.6 yrs. 4% 3% Avg. Cost 6.76% USD 49% Fixed 89% MXN 44% Ratings S&P BBB+ EUR Moody’s Baa1 CAD Fitch BBB+ US $1.93 Bn Undrawn Sustainability-linked Committed Revolver Facility 31 147 578 900 642 720
Slide 15: Responsible Financial Management
Responsible Financial Management 01 Committed to a robust balance sheet LTM 1Q24 Net leverage: 2.3x 1Q24 Cash & Equivalents: US$1,053 mm(1) 02 Efficient working capital management Ongoing efforts to continue improving working capital and value creation initiatives 03 Significant liquidity and financ
Slide 16: Leading Management Team with Top-Notch Corporate Governance
Leading Management Team with Top-Notch Corporate Governance Committees Board of Directors 01 Audit and Corporate 39% independent 28% women 02 Finance and Planning 03 Evaluation, Results and Nominations 04 Steering Committee Grupo Bimbo named Daniel Servitje Executive Chair, while Rafael Pamias will
Slide 17: Our Digital Transformation Journey
Our Digital Transformation Journey Strategy Cultural Impact Digital Evolution to enable business Agility mindset and Data-Driven growth and sustainability as an agile decision making and consumer- centric company, through innovation & data driven Continuously challenging the status decisions quo Our
Slide 18: Looking Forward
Looking Forward (1) 2023 Guidance & Results 2024 Guidance Low to Mid-single Net Sales digit +0.3% ✓ Flat to Low – single digit Low – single digit (2) Adj. EBITDA Margin Adj. EBITDA Expansion +30 bps ✓ growth & Flat to slight margin expansion CAPEX US$1.7 – US$2.0Bn US $2.0Bn ✓ US$1.8 – US$2.0Bn ____
Slide 19: Clear and Ambitious Sustainability Strategy
Clear and Ambitious Sustainability Strategy We are aligned to: 19
Slide 20: With Strong Commitment and Progress Towards our Sustainability Goals
With Strong Commitment and Progress Towards our Sustainability Goals 2030 Goals Progress as of 2023 100% simple and natural recipes in baking • 95% of daily bread, buns & breakfast portfolio with positive baked and snacks nutrition • 22% of daily bread, buns & breakfast portfolio with positive 100%
Slide 21: Thank You
Thank You ir@grupobimbo.com www.grupobimbo.com
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 the information that may be required to evaluate any investment in the Company or any of its securities
Grupo Bimbo, S.A.B. de C.V. — Q1 2024 Earnings Presentation on 6ix