Grupo Bimbo Sab De Cv Class A · BMV:BIMBO/A
Grupo Bimbo Sab De Cv Class A — Q4 2019 Earnings Presentation
14 slides from Grupo Bimbo Sab De Cv Class A's earnings presentation, 2020
Slide 1: Presentation Fourth Quarter 2019
Presentation Fourth Quarter 2019
Slide 2: Today
Control Group: 75% Today Float: 25% Market cap(1) US $8.4 Bn North America Mexico Latin America EAA Sales(2) US $15.1 Bn U.S. Canada Adj. EBITDA(3) US $1.7 Bn Countries 33 Plants 196 Routes ≈58,000 Points of sale ≈3 mm Sales centers ≈1,700 Associates ≈136,000 Products ≈13,000 ______________ (1) As o
Slide 3: Leader in the Baking Industry
in the Baking Industry North America(1) Top 3 market EAA(3) Top 3 market share Sales: 49% share within 6 Sales: 9% within 6 categories • 25K associates categories • 12K associates in most countries(4) • 77 plants • 50 plants Mexico Sales: 33% • 76K associates • 37 plants Top 3 market share within 8
Slide 4: Global Undisputed Leader in the Baking Industry
Global Undisputed represents 4.2% of the US$481 Bn Global Baking Industry1 Over 2x second player & 5x third player(2) Market has over 68k small Artisanal and Private labels representing 85% of industry sales2 Industry Fundamentals Competitive Dynamics • Highly fragmented industry • Resilience to eco
Slide 5: Portfolio Across Geographies, Categories, Products & Channels
Portfolio Across Geographies, Categories, Products & Channels By Geography By Categories & Products By Channel Sales by Geographic Region 10+ Different Categories Modern Supermarkets, convenience stores, North America among others 49% Sliced Buns & Salty English Bagels Bread Rolls Snacks Muffin Trad
Slide 6: Segmenting and Building Brands
Segmenting and Building sales >US $1 billion Brands sales >US $500 million Brands sales >US $250 million Brands sales >US $100 million Brands ____________ Source: Internal information on estimated retail sales by brand considering the last twelve months as of December 31 th, 2019 6
Slide 7: Innovation: A Key to Success
A Key to Success A brand of Clean Label & ancient compostable packaging ingredients No Added Nonsense Snacks expansion (Simple ingredients) Made with five 100% natural No preservatives and ingredients. No sugar added 100% natural Organic bread artificial colorants added 77
Slide 8: Committed to ESG Initiatives
Committed to ESG Initiatives ▪ Sustainability: 90% in Mexico, committed to reach 100% renewable electric energy in U.S. by 2020 and 2025 globally ▪ Commitment to increase to 4,000 electric vehicles for 2024 ▪ Signed the National Agreement for the New Plastics Economy in Mexico ▪ Food Waste reduction
Slide 9: 2019 Highlights and Recent Events
2019 Net sales during 2019 grew 2.5%, excluding FX effect, as a result of organic growth in Mexico and EAA Recent Events Grupo Bimbo completed the • Net sales grew nearly 1%, ending the year acquisition of Lender’s, the largest at $292 billion pesos, mainly due to good US player in refrigerated and
Slide 10: Sales and Adj. EBITDA with Potential to Continue
with Potential to Continue SALES ADJ. EBITDA(1) CAGR: 7.4% CAGR: 9.4% 289.3 291.9 31.7 33.4 267.5 29.3 252.1 27.3 219.2 23.4 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 Adj. EBITDA margin 2015 2016 2017 2018 2019 Grupo Bimbo 10.7% 11.6% 10.2% 11.0% 11.5% Mexico 17.6% 19.1% 17.7% 18.2% 18.1% No
Slide 11: Proven Ability to Delever
Proven Ability to Net Debt/Adj. EBITDA (2) 3.1 3.0 (3) 2.9 (1) 2.7 2.7 2.7 2.6 2.6 2.4 2.2 2.0 1.9 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 US$ 2.4 Bn US$ 709 mm CAD$ 1.8 Bn US$ 650 mm ____________ (1) The acquisition of Weston Foods was consummated in January 2009. Leverage ratio
Slide 12: Conservative Debt Profile and Strong Liquidity
Conservative Debt Profile and Total Debt: US$4,599(1) Debt Split by Currency (2) Avg. Tenor: 13.3 yrs. CAD Avg. Cost: 6.1% 5% 100% Fixed Rate Ratings: BBB/Baa2/BBB S&P/Moody’s/Fitch MXN 38% USD US$2.0 Bn 57% in undrawn committed revolver facilities 800 800 650 600 409 511 500 200 2019 2020 2021 2022
Slide 13: Key Investment Highlights
Key Investment Global consumer food company, leader in the baking industry, with diversified portfolio of Growth opportunity within a categories, channels and geographic fragmented industry presence Global brands with top of mind awareness Proven sustained growth with history of margin expansion Wor
Slide 14: 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