Grupo Bimbo Sab De Cv Class A · BMV:BIMBO/A
Grupo Bimbo Sab De Cv Class A — Q1 2026 Earnings Presentation
32 slides from Grupo Bimbo Sab De Cv Class A's earnings presentation, 2026
Slide 1: Investor Presentation First Quarter 2026
Investor Presentation First Quarter 2026 NOURISHING A BETTER WORLD
Slide 2: Agenda
AGENDA Strengthening our leadership in 1 the baking and snacks industries 2 Financial highlights | Focus on 1Q26 A strong growth trajectory built for the 3 long-term 4 Our ESG journey 2
Slide 3: Global Baking Leader and a Key Player in the Food Industry
Global Baking Leader and a Key Player in The Food Industry Present in Operates in 96 countries 39 countries US$14.4 Bn Market Cap1 +100 +56k US$22.9 Bn brands routes Net Sales2 +9k +152k US$3.2 Bn products associates Adj. EBITDA2 3 2.5x 251 +1.6K Net Debt / Adj. EBITDA4 bakeries sales centers and pl
Slide 4: Highly Diversified Company with Leading Positions Across Categories
Highly Diversified Company with Leading Positions Across Categories North America 1 EAA 2 12.9% 43.5% 28.3% +25K 77 Net Sales Net Sales Adj. EBITDA Associates Bakeries Market share leader within 10.0% Market share leader within 3 categories Adj. EBITDA in most countries 3 7 categories +18K U.S. Cana
Slide 5: Leading Player in Two Large, Attractive and Growing Industries
Leading Player in Two Large, Attractive and Growing Industries Leading supplier to the BAKING 3.7% Market share world's most recognized QSR brands with presence across #1 Others Artisanal 42.4% 44.1% US$674 Bn 3.8% 3.4% 91% of the Global QSR market Private Global Player Label Market Size CAGR CAGR 9
Slide 6: Unmatched Reach: Brands, Categories & Channels that Drive Loyalty
Unmatched Reach: Brands, Categories & Channels that Drive Loyalty Leading brands across markets Categories Channels Our distribution fleet travels every day the equivalent to 101 trips in aggregate around the world Sliced bread Bagels Artisan bread Supermarkets, convenience Retail stores, among othe
Slide 7: Consumer-Led Growth: Innovating Across Core & Emerging Categories
Consumer – Led Growth: Innovating Across Core & Emerging Categories GROWING THE CORE DAILY OCCASIONAL i.e Simple recipes i.e Elevating i.e Focus on breakfast i.e Differentiated snacks i.e Smart bites i.e Empowering Whole wheat bread from ingredient quality opportunities anytime premium categories Me
Slide 8: Innovation as a Strategic Growth Engine
Innovation as a Strategic Growth Engine 1 2 3 4 5 We listen first: We co-create: We deliver: We collaborate: We are competitive: Everything starts From insights to action The right solution for Open Innovation for Success drivers with the Consumer every need acceleration End-to-end value chain Deep
Slide 9: Agenda
AGENDA Strengthening our leadership in the baking and snacks industries 1 Financial highlights | 2 Focus on 1Q26 3 A strong growth trajectory built for the long-term 4 Our ESG journey 9
Slide 10: 1Q26 Results: Solid Start to Year
1Q26 Results: Solid Start to Year NET SALES ADJ. EBITDA² EBITDA MARGIN F i n an c ial R e s u lts ¹ +4.8% +15.2% +160bps →14% All-time high 2nd consecutive quarter of Strongest quarterly Growth rate not seen in over 2 double-digit growth expansion since 2021 years North America EAA Sales Back to Gro
Slide 11: North America Delivering Outstanding Results
North America Delivering Back to growth with clear Outstanding Results sequential improvement and margin recovery Transformation unlocking Δ Net Sales ¹ value 0.7% Stronger Record 4Q23 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 in-market productivity execution benefits (2.9%) (3.4%) (3.5%) • Impro
Slide 12: Innovation & Execution: Driving U.S. Sales Growth Across Key Categories
Innovation & Execution Driving U.S. Sales Growth Across Key Categories Salty Premium Sweet Baked Mainstream Buns & Breakfast Snacks Bread Goods Bread Rolls ¹ 9.0% 4.9% 2.5% 1.4% 0.3% (0.9%) Outperforming Highest growth level Sequential Positive for the first Sustained topline Seasonality effect; ind
Slide 13: Unstoppable, Mexico Delivers its Best Quarter Ever
Unstoppable, Mexico Delivers its Best Quarter Ever 1Q26 Sales Growth RESILIENCE RECORD NET SALES FOR ANY QUARTER Ps. $39,726 M ★ BIMBO GB Mexico ----- +4.5% Net Sales Growth +4.5% 20.5% +150 bps INDUSTRY Sales Growth EBITDA Margin* Margin Expansion F&B Industry¹ +3.0% *Includes extraordinary income
Slide 14: EAA: Built to Last
EAA: Built to Last Accretive Acquisitions, Margins at All-Time Highs EBITDA Margin % 10.8% 11.1% Sales (MXN billion) 9.4% 7.6% 7.9% 7.2% 6.3% 7.0% 0.4% $54.8 -8.5% $18.7 2017 2018 2019 2020 2021 2022 2023 2024 2025 LTM 1Q26 ★ RECENT ACQUISITIONS HAVE BEEN ★ 1Q26 RESULTS ACCRETIVE +12.6% Sales Growth
Slide 15: Strong Cash Flow Generation Fueled by Operational Excellence
Strong Cash Flow Generation Fueled by Operational Excellence Free Cash Flow¹ ★ Adj. EBITDA² ↑ $162 M (USD millions) Record margin vs 1Q25 +$398 M YoY ↓ CAPEX³ ↓ $104 M 1Q26 US $156m 10× more cash generated vs 1Q25 vs 1Q25 $443M ↓ Working Capital ↑ $163 M vs 1Q25 1Q26 US $215m 10x No Dividends & $45
Slide 16: Sustainable Growth with Proven Ability to Deleverage
Sustainable Growth with Proven Ability to Deleverage Sustainable Growth With Proven Ability To Deleverage Net Debt / Adj. EBITDA¹ Evolution 3.1 3 3.0 4 2.9 2.9 2.7 2.7 2.7 2.7 2 2.6 2.6 2.5 2.4 2.0 2.2 1.9 2.1 1.9 1.9 5 1.5 2008 2008 2009 2010 2010 2011 2012 2012 2013 2014 2014 2015 2016 2016 2017 2
Slide 17: Solid Financial Performance Translated into a High Credit Profile
Solid Financial Performance Translated into a High Credit Profile Grupo Bimbo is a premier global food credit Net Debt / LTM EBITDA² 3.7 3.9 3.9 4.0 3.5 Avg. 3.4x 3 2.5 1 2.9 3.0 3.2 2.2 Credit Rating (Moody’s / S&P / Fitch) Baa1 A1 Aa3 Baa2 Baa3 Baa2 Baa2 Baa1 Baa2 Baa2 BBB+ A+ AA- BBB BBB- BBB BBB
Slide 18: Conservative Debt Profile and Ample Liquidity
Conservative Debt Profile and Ample Liquidity Currency and Rate Mix3 Total Debt: US $8,708 mm¹ 3% 2% 11% 18% Avg Tenor: 9.76 years 43% Avg. Cost2: 6.45% 41% 82% Fixed Floating USD MXN EUR CAD GBP US $2.35 Bn Undrawn Committed Revolving Credit Facility 181 100 698 900 706 800 161 664 550 650 560 585
Slide 19: Agenda
AGENDA Strengthening our leadership in the baking and snacks industries 1 Financial highlights | Focus on 1Q26 2 3 A strong growth trajectory built for the long-term 4 Our ESG journey 19
Slide 20: Driving Consistent Growth and Profitability
Driving Consistent Growth and Profitability Evolution & Growth 2008 1 (1) 2018 2 LTM 1Q26 2 (1) in the last 18 years Net Sales (US$) $7.4 Bn $15.0 Bn $22.9 Bn 3.1x Adj. EBITDA (US$) $881 MM $1.6 Bn $3.2 Bn3 3.6x EAA EAA 22% 64% 14% 50% 31% 10% 9% 43% 33% 11% 13% Geographic Diversification (By Sales)
Slide 21: Best in Class Revenue Growth with Continued EBITDA Expansion
Grupo Bimbo Has Delivered Best In Class Revenue Growth with Continued EBITDA Expansion GRUPO BIMBO IS CLEARLY OUTPERFORMING THE GLOBAL CPG1 INDUSTRY 7.7% 7.7% 2020-2025 Revenue CAGR (%) 5.9% 4.8% 4.1% 3.7% 2.5% Avg. 3.3% ² 1.8% 0.5% -1.0% 3 4 5 5 6 5 EBITDA Margin Variation (‘20-’25) 7 30bps 8 (370)
Slide 22: Sustained Profitability: Margin Improvement Across Regions
Sustained Profitability: Margin Improvement Across Regions — with a Clear Path to Further Upside Key Drivers Adj. EBITDA¹ Margin % Mix & Volume Favorable price mix and 2015 2020 2025 1Q25 1Q26² volume growth Manufacturing New capabilities improving Grupo Bimbo 10.7% 13.7% 13.9% 12.4% 14.0% cost stru
Slide 23: Capex: our Top Priority
Capex: our Top Priority, Consistent with our Long-term Expectation USD Bn Our Capex Strategy $2.0 $1.6 Business Continuity $1.4 1 Maintaining operational $1.2-1.4 excellence across all facilities $1.2 $1.0 Growth Expansion $0.6 2 New capacity, markets and production capabilities Productivity 2020 20
Slide 24: Strategic M&A: Focused on Bolt-On Acquisitions
Strategic M&A: Focused on Bolt-On Acquisitions New Geographies Complementary/Synergistic Differentiated Know-how & Capabilities 2026 Tunisia 2025 Balkans Romania Brazil 2024 Uruguay Tunisia Turkey Romania Costa Rica 2023 Romania Spain US Canada US 2022 UK & US 2021 India 24
Slide 25: Looking Forward: 2026 Guidance
Looking Forward 2026 Guidance Excluding FX Effect Including FX Effect Flat to low single-digit Net Sales Mid single-digit growth decline 1 Margin expansion between Adj. EBITDA 60bps to 110bps CAPEX US $1.2-1.4 Bn • Ps. $17.60/USD, which implies a Ps. $1.60 appreciation vs. 2025 2026 FX • This FX ass
Slide 26: Agenda
AGENDA Strengthening our leadership In the baking and snacks industries 1 Financial highlights | Focus on 1Q26 2 A strong growth trajectory built for the 3 long-term 4 Our ESG journey 26
Slide 27: Clear and Ambitious Sustainability Strategy
Clear and Ambitious Sustainability Strategy NOURISHING A BETTER WORLD Environmental Product quality Human rights and Sustainable raw standards and safety labor standards material sourcing 27
Slide 28: Strong Commitment Towards our Sustainability Goals
Strong Commitment Towards our Sustainability Goals 2030 Goals Baked for you Baked for life Baked for nature 1 social impact project at least per Reduction of Co² emissions vs. 2019: 100% simple and natural recipes in 50% Scope 1 and 28% Scope 3 baking and snacks work center 100% packaging supports a
Slide 29: Best Nutritional Profiles
Best Nutritional Profiles of the portfolio already meets 48% the highest nutrition standards Key nutrition focus areas Our ambition Clean Label • Simple & natural recipes •Simple recipes •Recognizable ingredients 2030 • Products supporting healthy plant-based diets 100% • Nutritional transparency Po
Slide 30: Leading Management Team with Top-Notch Corporate Governance
Leading Management Team with Top – Notch Corporate Governance Board of Directors · 18 members Executive Team Alejandro CEO Rodríguez Bas Daniel Servitje 39% 28% Juan Muldoon Chief People Officer Executive Chair Independent Members Women Diego Gaxiola CFO Evaluation, Chief Supply Chain Audit and Fina
Slide 31: Thank you!
NOURISHING A BETTER WORLD Thank you! ir@grupobimbo.com www.grupobimbo.com 31
Slide 32: 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