Grupo Bimbo Sab De Cv Class A · BMV:BIMBO/A
Grupo Bimbo Sab De Cv Class A — Q2 2024 Earnings Presentation
22 slides from Grupo Bimbo Sab De Cv Class A's earnings presentation, Jul 24, 2024
Slide 1: Investor Presentation Second Quarter 2024
Investor Presentation Second 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$15.4 Bn +100 Market Cap(1) brands +58k routes US$22.8 Bn +9k +152k Net Sales(2) products associates US$3.1 Bn 227 +1.5K Adj. EBITDA(2)(3) bakeries sales centers and plants 2.6x ARGENTINA • BRAZIL • CANADA • CHIL
Slide 3: Quarterly Results Highlights and Recent Developments
Quarterly Results Highlights Recent Developments • Despite the tough comparison, Net Sales excluding FX rate impact • Grupo Bimbo reduced its Scope 3 increased 0.5%, reflecting robust sales growth across all regions, most emissions in 2023 by 12% vs. 2022 and notably EAA and Mexico, except North Ame
Slide 4: Globally Present, Locally Committed
Globally Present, Locally Committed 46.7% Net Sales North America EAA 10.3% Net Sales Net Sales(5) Top 3 market share 33.3% Market share leader within 7 categories 6.1% Adj. EBITDA within 7 categories Adj. EBITDA in most countries(4) +28K associates +21K associates 8% U.S. – Premium 83 bakeries brea
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 Leader in… 3.4% >1.0% Demonstrated the 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 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 on-pack and online • Positive nutrition • Nutritional • 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 2Q24 last 15 years Net Sales US$7.4 Bn US$14.1 Bn US$22.8 Bn 3.1x Adj. EBITDA US$0.9 Bn US$1.4 Bn US$3.1(3) Bn 3.4x EAA EAA 4% 10.3% Geographic Diversification NA 22% Mex 64% NA 48% Mex 36% NA 46.7% 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 Adj. Ebitda $392.2 $53.9 CAGR: 6.8%(3) CAGR: 8.2%(3) $291
Slide 12: Highly Resilient Adjusted EBITDA Margin and Margin Expansion Across Geographies
Highly Resilient Adjusted EBITDA Margin and Adjusted EBITDA Margin Expansion Across Geographies Favorable price and Adj. EBITDA Margin % product/mix Strong volume performance LTM 2019 2020 2021 2022 2023 2Q24 2Q23 2Q24 New manufacturing capabilities Grupo Bimbo 13.0% 13.7% 14.0% 13.4% 13.7% 13.7% 14
Slide 13: Sustainable Growth with Proven Ability to Deleverage
Sustainable Growth with Proven Ability to Deleverage (1) Net Debt / Adj. EBITDA (3) 3.1 (4) 3.0 2.9 (2) 2.7 2.7 2.7 (2) 2.6 2.6 2.6 2.4 2.2 (5) 2.1 2.0 1.9 2.0 1.9 (5) 1.5 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 LTM 2Q24 US$ 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 $7,373 mm(1) Currency Mix (2) Avg. Tenor 11.8 yrs. 6% 3% Avg. Cost 6.73% USD Fixed 85% MXN 40% 51% Ratings S&P BBB+ EUR Moody’s Baa1 CAD Fitch BBB+ US $1.77 Bn Undrawn Sustainability-linked Committed Revolver Facility 45 583 524 900 800 653
Slide 15: Responsible Financial Management
Responsible Financial Management 01 Committed to a robust balance sheet LTM 2Q24 Net leverage: 2.6x 2Q24 Cash & Equivalents: US$414 mm(1) 02 Efficient working capital management Ongoing efforts to continue improving working capital and value creation initiatives 03 Significant liquidity and financia
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 Daniel Servitje – Executive Chair 02 Finance and Planning 39% independent 28% women 03 Evaluation, Results and Nominations 04 Steering Committee Rafael Pamias CEO Diego Gaxiola CFO Juan M
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 2023 Guidance & Results 2024 Guidance Low to Mid-single Net Sales digit +0.3% ✓ Flat to Low – single digit Low – single digit (1) 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. — Q2 2024 Earnings Presentation on 6ix