#1INVESTOR PRESENTATION First Quarter 2023 GRUPO BIMBO Ⓡ NOURISHING A BETTER WORLD#2Grupo Bimbo Today 34 COUNTRIES ARGENTINA • BRAZIL CANADA • CHILE CHINA • • • ITALY • COLOMBIA COSTA RICA ECUADOR EL SALVADOR FRANCE GUATEMALA HONDURAS ⚫ INDIA KAZAKHSTAN • MEXICO MOROCCO • NICARAGUA PANAMA PARAGUAY • PERU PORTUGAL ROMANIA RUSSIA SOUTH AFRICA • SOUTH KOREA SPAIN ⚫ SWITZERLAND • TURKEY UNITED STATES ⚫ URUGUAY VENEZUELA • • UKRAINE UNITED KINDOM • +100 brands B +9k +3.4m +56k products points of sale routes 215 +1,600 +143k associates bakeries and sales centers plants Control Group: 81% Float: 19% US$ 22.3 Bn Market Cap (1) US$ 20.7 Bn Net Sales (2) US$ 2.8 Bn Adj. EBITDA (3) (1) Figures as of March 31, 2023. Except for the numeralia, which includes Natural Bakery's acquisition in april 2023. Excludes Ricolino. Expressed in US at the FX of $18.03 Ps./US. (2) LTM Net Sales and Adjusted EBITDA with IFRS16 effect were Ps. $407,701 million and Ps.$54,990 million, respectively. Converted to US dollars using an average FX rate for the period of 19.65 Ps./US. (3) Adj. EBITDA: Earnings before interests, taxes, depreciation, amortization and Multiemployer Pension Plans ("MEPPS") 2#3• . Quarterly Results (1) HIGHLIGHTS™ Net Sales reached a record level for a 1Q at Ps. 99.6 Bn, a 9.9% increase, primarily due to the favorable price/mix, partially offset by FX rate translation effect. Excluding the latter, Net Sales increased 18.4% Adjusted EBITDA (2) rose 13.7% and the margin expanded 40bps to 12.9% • Net Majority Income decreased 9.4% and the margin contracted 80bps to 4.1% primarily reflecting the MEPPS non-cash benefit registered during 1Q22 and profit from the Ricolino's discontinued operation . • Return on Equity (3) reached a record level at 16.4% • Net Debt/ Adjusted EBITDA (4) ratio closed the quarter at 1.7x RECENT DEVELOPMENTS • . • . Moody's upgraded our global rating to Baal from Baa2, and S&P and Fitch Ratings to BBB+ from BBB Acquired Natural Bakery in Winnipeg, Canada, specialized in rye breads Bimbo Guatemala is now operating with 100% renewable electricity Exercised our option to redeem all our outstanding USD subordinated perpetual notes on the first call date Renewed our sustainability-linked RCF(5), upsizing from US$1.75 Bn to US$1.93 Bn (1) As reported in the note "Information to be disclosed about discontinued operations" On November 1, 2022, the Company concluded the sale of its confectionery business. This transaction is presented in the consolidated financial statements as a discontinued operation in the income statement. (2) Multiemployer Pension Plans. (3) Adjusted with MEPPs and Ricolino's divestiture. (4) Does not include IFRS16 effect. (5) Revolving Credit Facility. 3#4Leading Brands Across our Markets NORTH AMERICA MEXICO U.S. Sarafee Canada LATIN AMERICA EAA BIMBO Ball Park BUNS & ROLLS OROWEAT Extenmanns Little Bites Lender's Entenmann's THOMAS MRS BAIRD'S Sara fee Artesano Takis ARNOLD BAYS English M iffins Dempster's B BAKERY BIMBO BARCEL Bachon -1890 POM Entenmann's Little Bites Ben's Villaggio ITALIAN STYLE ITALIEN BON MATIN BIMBO Artesano marmela pan artesanal Rap10 Tia Rosa Marinela BIMBO (SANISSIMO PULLMAN OROWEAT STPIERRE BIMBO donuts HARVEST Vel Pitar Cel dintâi brutar BIMBO Artesano pan artesanal Bella Easo Silueta mobern Takis BIMBO Lara (SANISSIMO) Artesano pan artesanal →→ WONDER Milpa Real ana Maria SIEMPRE OROWEAT PLUSVITA Supán nutrella Takis Nutra Bien! Naturalmente Ricos IDEAL Tia Rosa B BARCEL KITTY The Master Baker DONETTES 曼顿 MANKATTAN CRX BAKERY CO Rustik Bakery Takis 4#5Globally Present, Locally Committed U.S. Market share leader within 7 categories Canada Premium bread Bagels NORTH AMERICA EAA (3) 50.9% Net Sales 41.5% Adj. EBITDA (1) +16K associates +27K associates Breakfast Cakes 81 bakeries Buns & rolls Sliced bread 62 bakeries Top 3 market share within 7 categories in most countries(4) 9.5% 5.2% Net Sales Adj. EBITDA 30.0% Net Sales 46.6% Adj. EBITDA Tortillas MEXICO +77K associates 35 bakeries Market share leader within 10 categories Sliced bread Buns & rolls Toasted bread Flatbread Totopos Breadcrumbs Tostadas Bars Pastries Cakes LATIN AMERICA (2) +23K associates 37 bakeries 42% 58% 9.6% Net Sales 6.7% Adj. EBITDA Market share leader in sliced bread and buns & rolls Developed Markets (5) Emerging Markets Figures as of March 31, 2023. Market share information from Nielsen, IRI and Company Information for the countries and categories where Grupo Bimbo participates. (1) Includes operations in the U.S. and Canada. (2) Includes operations in Central and South America. (3) Includes operations in Europe, Asia and Africa. 4) Buns and rolls category excluded in UK and India. Cakes excluded in China, Morocco and U.K., Bagels only in the UK market. (5) (1) Net Sales for the last twelve months ended as of March 31, 2023. Excludes Ricolino. 5#6Global Undisputed Baking Industry Leader US $557 Bn¹ Global Baking Industry INDUSTRY STRUCTURE • Mature life cycle High competition level and high consolidation potential • Medium technology change Low revenue volatility High entry barriers for companies seeking to consolidate the industry INDUSTRY PERFORMANCE Private Label 9.8% • Resilience to economic downturns Europe & North America: largest contributors to industry revenue in 2019 North Asia: rising income levels and changing diets to bread INDUSTRY OUTLOOK • Expected Growth from EM Countries Organic and gluten-free baked goods in the U.S. • Whole grain and high-fiber breads in Western Europe . Consumers becoming more health- Other Players 49.4% conscious and trending towards snacks (1) Industry value and market share according to GlobalData 2021, retail sales. Includes Bread and Rolls, Sweet Biscuits (cookies), Savory Biscuits (crackers), Morning Goods, Cakes, Pastries & Sweet Pies GRUPO BIMBO NOURISHING A BETTER WORLD 4.0% Ⓡ Artisanal 36.8% 1.2x second player and 4.2x third player 10 6#7Diversified Portfolio Across Geographies, Categories & Channels CATEGORIES CHANNELS SLICED BREAD PASTRIES Retail BUNS & ROLLS Supermarkets, convenience stores, among others Traditional CAKES "Mom & Pops" QSR COOKIES TOAST ENGLISH MUFFINS BAGELS TORTILLAS & FLAT BREADS SALTY SNACKS Quick Service Restaurants Others Foodservice, wholesale, vending machines, among others +1.1 MM DAILY STORE VISITS Our distribution fleet travels every day the equivalent to 129 laps around the world (1) BBU: Bimbo Bakeries USA, IRI: Information Resources, Inc. (2) Source: Kantar World. BRANDS THOMAS OROWEAT BIMBO Sarafee Marinela B BARCEL Entenmann's BBU was recognized by IRI() as the fourth fastest growing CPG company in 2022, and the fastest growing food company Bimbo is the most chosen food brand in Mexico and Latin America households (2) 7#8Clear and Ambitious Sustainability Strategy GRUPO BIMBO NOURISHING A BETTER WORLD BAKED FOR YOU Enable Planetary Diets With Nutritional Diversity BAKED FOR LIFE Improve the lives of everyone we reach Best nutritional profiles for all Transparent sustainable brands ☐ O Strengthening communities Enabling healthier plant based diets Environmental standards Product quality and safety BAKED FOR NATURE Protect and regenerate our natural systems Caring for our people Towards zero waste Convert into regenerative agriculture Net zero carbon emissions Human rights and labor standards Sustainable raw material sourcing 8#9With Strong Commitment and Progress Towards our Sustainability Goals Best Nutritional Profiles For All Enabling Healthier Plant-Based Diets Transparent Sustainable Brands Net Zero Carbon Emissions Zero Waste Regenerative Agriculture Strengthening Communities Caring For Our People 2030 GOALS PROGRESS AS OF 2022 97% products for daily consumption fully complied 100% simple and natural recipes in with max levels established for nutrients to be limited baking and snacks according to internal nutritional guidelines. 100% products than can be part of 99% of our whole wheat bread and buns can be part of a healthy plant-based diet a plant-forward diet 100% products with nutritional transparency Achieve the science-based target in line with a 1.5°C future Reduction of Co2 emissions vs. 2019: 50% Scope 1 and 28% Scope 3 100% packaging supports a circular economy Definition of key topics to communicate with the consumer +110,000 solar panels installed 115 photovoltaic rooftops in Spain, Peru, Chile, Italy, India, U.S., and Mexico 65 bakeries with zero waste to landfill 94% waste recycled globally 86% "War on Food Waste" initiative completed 91% recyclable packaging 93% treated water is reused 200,000 hectares of wheat farmed 86,000 hectares of wheat farmed in U.S. 1 social impact project at least per +230 projects in Good Neighbor program work center +IM beneficiaries, supported by 205 work centers To create safe, healthy, diverse, 1.96 TRIR(2) equitable and inclusive workplaces 25 average training hours per associate (1) Sustainable Development Goals. (2) Total Recordable Incident Rate OUR CONTRIBUTION TO SDG) ZERO HUNGER SSS GOOD HEALTH AND WELL-BONG RESPONSIBLE 12 CONSUMPTION AND PRODUCTION PARTNERSHIPS FOR THE GOALS ZERO HUNGER 3 GOOD HEALTH AND WELL-BEING LIFE SUSTAINABLE CITES 12 RESPONSABLE CONSUMPTION AND PRODUCTION 13 CLIMATE ACTION 15 ON LAND AND COMMUNITIES GOOD HEALTH CLEAN WATER POVERTY ZER:O HUNGER AND WELL-BEING QUALITY EDUCATION AND SANITATION SSS REDUCED INEQUALITIES SUSTAINABLE CITIES AND COMMUNITIES CLIMATE ACTION 14 UFE LIFE BELOW WATER ON LAND A DECENT WORK AND ECONOMIC GROWTH M PARTNERSHIPS FOR THE GOALS 9#10Proven Ability to Meet our Customers' and Consumers' Evolving Needs Through Innovation Best Nutritional Profiles Clean label Positive Nutrition Smart Portions IDEAL -PROTEINIO Pay Key Trends Cintiaine Little Bites ⚫ Value added premium brands Snackification Health & Wellness CCAFETE D ESA TE DA DIETÉNCA 100 ЗЕ РАОТЕМА • . STPIERRE BRIOCHE TO SHARE . Healthier Plant Based Diets Cereal-diversity Nutritional balance BON MAXIN keto OROWEAT SANISSIMO KETO SEEDED TORTICIAS ORIGINALET Tostadas NEMAS con NOPAL 7 FUBER BIMBO Cero Cero Multigrand PROTEÍNA 7 GRANOS Y SEMILLA 0% RADIDAS OAZUCARY GRASA PANIDE HAMINA HE LE IKO INTEGRAL 2016- VENTURES GRUPO BIMBO Investments in startups •⚫ Alliances to improve and create disruptive products Emmy's ORGANICS SOFT & CHEWY - COCONUT COOKIES DARK CACAD WT cup) Tangible NOUS® Sustainable Food Innovation livekuna KUNA POPS SNACKIN ON SUPERFOODS QUINOA & CHIA Spicy Chill . • Transparent Sustainable Brands Nutritional transparency on-pack and online Post-consumption NEW! ORCWEAT ORGANIC Success Drivers Scale, brand penetration, great products Innovation Centers • Consumer-driven 100% WHOLE GRAIN ODWID Vital Vital Empaque Mansana FRUTAS INVECES SIN CONSERVADES EGRADABLE 6:0 CRUAPAN Sarafee artesano 10#11Leading Management Team with Top-Notch Corporate Governance COMMITEES Steering Committee Daniel Servitje Diego Gaxiola Rafael Pamias Mark Bendix CEO CFO COO Executive VP, GB Audit and Corporate Finance and Planning Evaluation, Results and Nominations BOARD OF DIRECTORS 39% independent 28% women Fernando Lerdo de Tejada Executive VP, GB Raúl Obregón Juan Muldoon Miguel Ángel Espinoza Tony Gavin Alejandro Rodríguez Chief Information & Transformation Officer Chief People Officer President, Bimbo Mexico President, BBU President, Barcel Changes in senior leadership team, consistent with the succession plan and long-term vision Included in the Bloomberg Gender-Equality Index 2023 "One of the World's Most Ethical Companies in 2022" for the 7th consecutive year, by Ethisphere Institute "Company with the Best Corporate Reputation in Mexico", for the 6th consecutive year, by Merco, and for the 7th consecutive year, Daniel Servitje was named the leader with the best reputation in the country 11#12Sustained Growth with Potential to Continue Increasing Profitability NET SALES CAGR: 8.4% (1) $407.7 ADJ. EBITDA CAGR: 13.8% (1) $55.0 $289.3 $31.7 Includes effect of IFRS16 2018 2019 2020 2021 2022 LTM 1Q23 2018 2019 2020 2021 2022 LTM 1Q23 1Q23 Net Sales Adj. EBITDA Margin 2018 (2) 2019 2020 2021 2022 LTM 1Q23 +9.9% $99.6 GRUPO BIMBO 10.9% 13.0% 13.7% 14.0% 13.4% 13.5% $90.6 MEXICO 18.2% 19.3% 18.3% 19.0% 17.9% 17.9% NORTH AMERICA 9.0% 11.3% 12.9% 12.2% 11.0% 11.0% EAA 0.4% 6.3% 7.6% 7.9% 7.0% 7.3% LATIN AMERICA 2.6% 2.2% 4.9% 6.2% 8.9% 9.5% 1Q22 1Q23 Figures expressed in billions of MXN. Ricolino's results have been removed since 2021. (1) CAGR using a 4.25-year period (2) 2018 Adj. EBITDA does not include the effect of IFRS16 12#13Our Digital Transformation Journey STRATEGY Digital Evolution to enable business growth and sustainability as an agile and consumer-centric company, through innovation & data driven decisions CULTURAL IMPACT Agility mindset and Data-Driven decision making Continuously challenging the status quo OUR TRANSFORMATION Secure Operations Integrated Move to the Global Standard Global Data Cloud Applications Connected with Customers and Consumers Visibility Anywhere, Anytime Augmented People Capabilities Support and Accelerate Sustainability Simplified & Intelligent E2E Value Chain 13#14Sustainable Growth with Proven Ability to Deleverage NET DEBT / ADj. EBITDA" (3) 3.13 (1) 2.9 2.7 (2) 2.7 2.0 1.9 I I 2.2 (4) 3.0 2.7 2.6 2.6 2.4 2.0 (5) 1.9 1.7 1.5 (5) 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 LTM 1Q23 SINCE 1882 Weston PEFULS US$ 2.4 Bn Sara fee B CANADA BREAD US$ 709 mm CAD$ 1.8 Bn East Balt Bakeries US$ 650 mm Ricolino +US$ 1.4 Bn (1) Adj. EBITDA w/o IFRS16: Earnings before interests, taxes, depreciation, amortization and MEPPS. (2) The acquisition of Weston Foods was consummated in January 2009. Leverage ratio giving pro-forma effect to the Weston Foods acquisition as if such acquisition (and the incurrence of the indebtedness thereof) was consummated on December 31st, 2008. (3) The acquisition of Canada Bread was consummated in May 2014. Leverage ratio giving pro-forma effect to the Canada Bread acquisition as if such acquisition was consummated on May 31, 2014, and Adjusted EBITDA includes 5 months of the EBITDA reported by Canada Bread for such year. (4) The acquisition of East Balt was consummated in October 2017. Leverage ratio giving pro-forma effect to the East Balt acquisition includes 9.5 months of the EBITDA reported by East Balt for such year (Ps.1,060 million or $56 million converted at the exchange rate of Ps. 18.92 per $1 dollar which is the average of the daily exchange rates published by Banco de Mexico for the year ended December 31st, 2017). Our Adjusted EBITDA for the year ended December 31st, 2017, was Ps.27,289 mm. (5) Includes Ricolino's divestiture to Mondelēz International, Inc. for an Enterprise value of Ps. $25.8Bn. 14#15Conservative Debt Profile and Ample Liquidity Total Debt: US $5,111 mm (1) Avg. Tenor: 12.6 yrs. Avg. Cost: 6.4% Fixed: 90% Ratings: BBB+/Baal/BBB+ S&P/Moody's/Fitch CURRENCY Mix) 7% 5% USD 46% MXN EUR 42% ■CAD 477 800 532 Sustainability-linked Committed Revolving Credit Facility for US $1.93 Bn 650 532 560 498 426 585 2023 2024 2025 2026 Bank Loans 2027 2044 ■Perpetual Bond 2047 USD Bonds 2048 MXN Bonds 2049 2050 2051 Figures in US$ mm as of March 31, 2023. Debt profile does not include US $91 mm of long-term debt at subsidiary level. Includes 30-year issuance by BBU. (1) Net of issuance costs (2) Considers derivatives and withholding tax 15#16Looking Forward Guidance 2022 Results Net Sales Mid to high-teens +17.7% ✓ Adj. EBITDA (1) Low double-digit +12.8% ✓ 2023 GUIDANCE Mid to high-single digit High-single digit Effective Tax Rate Mid to high-30's Low to mid-30's 31.3% ✓ CAPEX US $1.3Bn US $1.4Bn ✓ US$1.7 - US$2.0Bn (1) Adjusted EBITDA with IFRS16 effect. 16#17[email protected] WWW.GRUPOBIMBO.COM THANK YOU GRUPO BIMBO NOURISHING A BETTER WORLD (R) 17#18Disclaimer The information contained here in has been prepared by Grupo Bimbo, SAB. de CV. (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 and should not be relied upon to form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. No representation or warranty, either express or implied, is made as to the accuracy, reliability or completeness of the information presented herein. This presentation has been prepared solely for informational purposes and should not be construed as containing any offer, invitation or recommendation to purchase, sell or subscribe for any securities in any jurisdiction and neither the issue of the information nor anything contained herein shall form the basis of or be relied upon in connection with, or act as an inducement to enter, any investment activity. This presentation should not be regarded by recipients as a substitute for the exercise of their own judgment in connection with any investment activity. The merit and suitability of an investment in the Company should be independently evaluated and any person considering such an investment in the Company is advised to obtain independent advice as to the legal, tax, accounting, financial, credit and other related advice prior to making an investment. Any opinion expressed herein is subject to change without notice, and the Company is under no obligation to update or keep current the information herein. The Company accepts no liability whatsoever for any loss or damage of any kind arising out of the use of all or any part of this presentation. This presentation includes forward-looking statements. Such forward-looking statements are based on certain assumptions and current expectations and projections about future events and trends that may affect the Company's business and are not guarantees of future performance. Investors are cautioned that any such forward-looking statements are and will be, as the case may be subject to many risks, uncertainties and other unknown factors, including those relating to the operations and business of the Company. These and various other factors may adversely affect the estimates and assumptions on which these forward-looking statements are based, many of which are beyond our control. Forward-looking statements speak only as of the date on which they are made. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. The Company's independent public auditors have neither examined nor compiled this presentation and, accordingly, do not provide any assurance with respect to any information included herein. In light of the risks and uncertainties described above, the future events and circumstances discussed in this presentation might not occur and are not guarantees of future performance. Neither this presentation nor anything contained herein shall form the basis of any contract or commitment whatsoever. The information included in this presentation may not be reproduced or redistributed, passed on, or the contents otherwise divulged, directly or indirectly, to any other person or published in whole or in part for any purpose or under any circumstances without the Company's prior written consent. 18