Grupo Bimbo Sab De Cv Class A · BMV:BIMBO/A
Grupo Bimbo Sab De Cv Class A — Q3 2026 Earnings Presentation
33 slides from Grupo Bimbo Sab De Cv Class A's earnings presentation, October 2026
Slide 1: Investor Presentation Third Quarter 2026
Investor Presentation Third Quarter 2026 NOURISHING A BETTER WORLD
Slide 2: Agenda
AGENDA Strengthening our leadership in 1 the baking and snacks industries 2 Delivering quality results YTD 2026 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 Operates in Present in 39 countries 102 countries US$13.1 Bn Market Cap1 +200 +54k US$23.8 Bn brands routes Net Sales (LTM)2 +10k +152k US$3.5 Bn products associates Adj. EBITDA (LTM)2,3 2.4x 250 +1.6k Net Debt / Adj. EBITDA (LTM)4 bakeries
Slide 4: Highly Diversified Company with Leading Positions Across Categories
Highly Diversified Company with Leading Positions Across Categories North America 1 41.9% 27.5% +26K 78 EAA 2 12.7% Net Sales Net Sales Adj. EBITDA Associates Bakeries & as a % of GB as a % of GB as a % of GB Market share leader within Snackeries 4 categories 10.2% Market share leader within Adj. EB
Slide 5: Leading Player in Two Large, Attractive and Growing Industries
Leading Player in Two Large, Attractive and Growing Industries BAKING 3.7% Market share Leading supplier to the world's most recognized #1 QSR brands Others Artisanal 42.4% 44.1% Private US$674 Bn 3.8% 3.4% Global Player Label Market Size CAGR CAGR 9.8% 20-25’ 25-30’ #4 SNACKS Player US$110 Bn Marke
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 +100 trips in aggregate around the world Sliced bread Bagels Artisan bread Supermarkets, convenience Retail stores, among oth
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 Delivering quality results 2 YTD 2026 3 A strong growth trajectory built for the long-term 4 Our ESG journey 9
Slide 10: Financial Results Year-to-Date: Quality Growth, Strong Cash Flow and Continued Deleveraging
Financial Results Year-to-Date: Quality Growth, Strong Cash Flow and Continued Deleveraging¹ Net sales Adj. EBITDA Adj. EBITDA margin +4.3% +10.0% +100 bps →14.7% North America EAA Back to Growth Strong Momentum +90 bps → 9.8% +130 bps → 11.0% Free Cash Flow EBITDA Margin EBITDA Margin Ps. $17Bn Ret
Slide 11: North America: Clear Signs of Progress
North America: Clear Signs of Progress Back to growth with continued margin expansion Transformation unlocking Δ Net Sales ¹ value 1.3% Stronger in-market execution 0.7% 1.0% • Pricing and promotion discipline 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 • Enhanced frontline execution and
Slide 12: Innovation and Execution
Innovation and Execution Strengthening Competitive Position Across Most Categories YTD Sales Salty Buns & Premium Mainstream Sweet Baked Breakfast Growth¹ Snacks Rolls Bread Bread Goods Bimbo U.S.A. 9.6% 2.9% 1.2% 0.4% (0.9%) (4.0%) 4th consecutive Growing while both 3rd consecutive quarter 2nd cons
Slide 13: Mexico Continues to Outpace the Market
Mexico Continues to Outpace the Market Driven by Strong Execution, Positive Volumes and Price Mix Continued Outperformance vs. ANTAD RESILIENCE YTD RESULTS GB Mexico ANTAD¹ Net Sales Growth Total Sales Growth +4.8% 21.2% +130 bps 5.2% Sales Growth EBITDA Margin Margin Expansion 4.5% 4.7% 3.6% Broad-
Slide 14: EAA: Built to Last
EAA: Built to Last Strategic Acquisitions, Sustained Margin Expansion EBITDA Margin % 11.7% 10.8% Sales (MXN mm) 9.4% 7.6% 7.9% 7.2% 6.3% 7.0% 0.4% $53.6 -8.5% $18.7 2017 2018 2019 2020 2021 2022 2023 2024 2025 LTM 3Q26 ★ CAPTURING ★ YTD RESULTS LONG TERM GROWTH +7.5% 11.0% +130 bps OPPORTUNITIES Sa
Slide 15: Strong Free Cash Flow Generation
Strong Free Cash Flow Generation Supports Capital Returns and Deleveraging Free Cash Flow¹ ★ Adj. EBITDA (ex IFRS16) Ps. $40.9 Bn Ps. $17Bn ★ CAPEX Ps. ($12.1) Bn ★ Working Capital Ps. $2.7 Bn ★ Taxes Ps. ($5.9) Bn ★ Net Interest Ps. ($8.7) Bn ______________ 1. Free Cash Flow Formula= Adjusted EBITD
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 4 3.0 2 2.9 2.9 2.7 2.7 2.7 2.7 2.6 2.6 2.4 2.4 2.0 2.2 2.1 1.9 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: Conservative Debt Profile and Ample Liquidity
Conservative Debt Profile and Ample Liquidity Currency and Rate Mix2 Total Debt: US $8.6 Bn¹ 3% 2% 12% 17% Avg Tenor: 9.4 years Avg. Cost2: 6.5% 43% 40% 83% USD MXN EUR CAD GBP Fixed Floating US $2.35 Bn 181 Undrawn Committed Revolving Credit Facility 137 699 900 715 800 160 673 650 585 540 550 498
Slide 18: Agenda
AGENDA Strengthening our leadership in the baking and snacks industries 1 Delivering quality results YTD 2026 2 3 A strong growth trajectory built for the long-term 4 Our ESG journey 18
Slide 19: Driving Consistent Growth and Profitability
Driving Consistent Growth and Profitability Evolution & Growth 2008 1 (1) 2018 2 LTM 3Q26 (1) 2 in the last 18 years Net Sales (US$) $7.4 Bn $15.0 Bn $23.8 Bn 3.2x Adj. EBITDA (US$) $881 MM $1.6 Bn $3.5 Bn3 4.0x Adj. EBITDA Margin 11.9% 11.0% 14.7% 2.8pp EAA EAA Geographic Diversification 22% 64% 14
Slide 20: Grupo Bimbo Has Delivered Best In Class Revenue Growth
Grupo Bimbo Has Delivered Best In Class Revenue Growth with Continued EBITDA Expansion CLEARLY OUTPERFORMING THE GLOBAL CPG1 INDUSTRY 7.7% 7.7% 2020-2025 Revenue CAGR (%) 5.9% 4.8% 4.1% 3.7% Avg. 3.3% ² 2.5% 1.8% 0.5% -1.0% 3 4 5 5 6 5 EBITDA Margin Variation (‘20-’25) 7 30bps 8 (370)bps 70bps 20bps
Slide 21: Profitability Continues To Strengthen
Profitability Continues To Strengthen with Additional Upside Potential Key Drivers Mix & Volume Adj. EBITDA¹ Margin % Favorable price mix and volume growth 2015 2020 2025 YTD 3Q25 YTD 3Q26 Manufacturing New capabilities improving Grupo Bimbo 10.7% 13.7% 13.9% 13.7% 14.7% cost structure and driving g
Slide 22: 20 Years Of Gross Profit Growth
20 Years Of Gross Profit Growth with Industry-leading Margin Resilience Through Every Cycle Sustainable Growth With Proven Ability To Deleverage 7xGross Profit Growth MXN Bn 4x more margin stability than peers GROSS MARGIN 20-year CAGR 10.5% $223 54.0% 52.3% Grupo Bimbo 41.7% 35.2% $30 Peer Avg. 200
Slide 23: Capex: Our Top Priority
Capex: our Top Priority, Consistent with our Long-term Strategy USD Bn Our Capex Strategy $2.0 Business Continuity $1.6 1 Maintaining operational excellence across all facilities $1.4 $1.2 $1.0-1.2 $1.0 Growth Expansion 2 New capacity, markets and production capabilities $0.6 Productivity 3 Automati
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 Avg. 5-year annual investmen
Slide 25: Artificial Intelligence as a Business Transformation Engine
Artificial Intelligence as a Business Transformation Engine Demand Commercial Smart Routing Intelligent Administrative Forecasting Excellence & Logistics Manufacturing Automation Advanced demand AI-powered purchase Route optimization Predictive Automated repetitive sensing and forecasting recommenda
Slide 26: Looking Forward
Looking Forward Raising our Margin Guidance on Strong Year-to-date Results 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 85 bps to 120 bps CAPEX US $1.0-1.2 Bn ______________ 1. Adjusted
Slide 27: Agenda
AGENDA Strengthening our leadership In the baking and snacks industries 1 Delivering quality results YTD 2026 2 A strong growth trajectory built for the 3 long-term 4 Our ESG journey 27
Slide 28: 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 28
Slide 29: 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 30: 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 31: Leading Management Team
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 32: Thank you!
NOURISHING A BETTER WORLD Thank you! ir@grupobimbo.com www.grupobimbo.com
Slide 33: 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