#1INVESTOR PRESENTATION Fourth Quarter 2022 GRUPO BIMBO NOURISHING A BETTER WORLD#2Grupo Bimbo Today ARGENTINA BRAZIL CANADA CHILE CHINA COLOMBIA COSTA RICA ECUADOR EL SALVADOR FRANCE GUATEMALA HONDURAS B Control Group: 81% Float: 19% +100 brands +10k +1,600 sales centers INDIA ITALY KAZAKHSTAN MEXICO MOROCCO NICARAGUA PANAMA PARAGUAY PERU PORTUGAL ROMANIA RUSSIA SOUTH AFRICA SOUTH KOREA SPAIN SWITZERLAND TURKEY UKRAINE UNITED KINDOM UNITED STATES URUGUAY VENEZUELA 34 COUNTRIES products +55k routes +3.3m points of sale 214 bakeries and other plants +141k associates US$ 19.0 Bn Market Cap (1) US$ 19.8 Bn Net Sales (2) US$ 2.7 Bn Adj. EBITDA (3) (1) Figures as of December 30, 2022. Excludes Ricolino. Expressed in US at the FX of $19.36 Ps./US. (2) LTM Net Sales and Adjusted EBITDA with IFRS16 effect were Ps. $398,706 million and Ps. $53,445 million, respectively. Converted to US dollars using an average FX rate for the period of $20.10 Ps./US. (3) Adj. EBITDA: Earnings before interests, taxes, depreciation, amortization and Multiemployer Pension Plans ("MEPPS") 2#3• • 2022, A Year With Historic Financials HIGHLIGHTS (1) Reached US$19.8Bn in Net Sales and US$2.7Bn dollars in Adjusted EBITDA, posting 10% and 12% 10-year CAGR, respectively Successfully completed the acquisition of St. Pierre in the U.S. and the U.K. • Net Majority Income increased more than 2x and the margin expanded 710bps to 11.8%, due to the strong sales. performance, the extraordinary gain related to MEPPS2 and the sale of Ricolino. Excluding these effects, increased 21.4% and the margin expanded 20bps · Return on Equity³ expanded 120 basis points, reaching 15.1% • Net Debt/Adjusted EBITDA ratio closed the year at 1.5x, the • lowest level in 14 years • CAPEX investments reached a record level of US$1.4Bn Returned to Shareholders MXN $8.8Bn through dividends and share buybacks RECENT DEVELOPMENTS • Acquired Vel Pitar, the leader within the Romanian baking industry at 8x EV/EBITDA, expanding Grupo Bimbo's presence to 34 countries Recognized by Carbon Disclosure Project (CDP) for our actions to mitigate the effects of climate change (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. 3#4· • Becoming a Stronger Leader in Grain-Based Foods Completed the sale of "Ricolino" (1) to Mondelēz International, Inc. TRANSACTION An enterprise value of $27 Bn pesos (US$1.37Bn (2)) Use of proceeds: pay debt, capital investments' plan, and payment of dividend of Ps. $65 cents per share (3) "This transaction strengthens our financial profile, as it is accretive for Grupo Bimbo, while it enhances our long-term focus in our core categories". DIEGO GAXIOLA, CFO ABOUT RICOLINO • • . Varo Fica Fresa REDZE POO A leading player in the confectionery category in Mexico Net Sales: $10,147 mm pesos (US $500 mm(4)) Employs ~ 6,000 associates and has 4 plants Ricolino Vero 325 La Corona Canasta Sabor Rompope TRADICIÓN CORONADO DESDE 1932 (1) Including its shares on Productos Ricolino S.A.P.I. de C.V., Productos de Leche Coronado S.A. de C.V., Ricolino S.A. de C.V., and its global brand portfolio. (2) Considers an FX rate of Ps. 19.7463 per US$. (3) The equivalent to nearly Ps. $2.9 billion pesos, or US$ 146 million, approved by its General Shareholder's Meeting. (4) Considers an FX rate of Ps. 20.28 per US$. Quemada 4#5Leading Brands Across our Markets NORTH AMERICA MEXICO U.S. Sarafee OROWEAT BIMBO Ball Park BUNS & ROLLS Extenmanns Little Bites Lender's Entenmann's THOMAS MRS BAIRD'S Sara fee Artesano Takis ARNOLD BAYS English M iffins Canada Dempster's B BAKERY BIMBO BARCEL Bachon -1890 POM Entenmann's Little Bites Ben's Villaggio ITALIAN STYLE ITALIEN BON MATIN LATIN AMERICA EAA BIMBO Artesano marmela pan artesanal Rap10 OROWEAT STPIERRE BIMBO Vel Pitar Cel dintâi brutar BIMBO Artesano pan artesanal Bella Easo Tia Rosa Marinela BIMBO (SANISSIMO donuts Takis BIMBO Lara (SANISSIMO) Artesano pan artesanal →→ WONDER Milpa Real ana Maria SIEMPRE PULLMAN Silueta HARVEST mobern 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 5#6Globally Present, Locally Committed U.S. Market share leader within 7 categories Canada Premium bread Bagels Breakfast Cakes Buns & rolls Sliced bread Tortillas (1) NORTH AMERICA 51.6% 42.3% Net Sales Adj. EBITDA +27K associates 80 bakeries EAA (3) +16K associates 62 bakeries 9.4% Net Sales 4.9% Adj. EBITDA Top 3 market share within 7 categories in most countries(4) 29.4% MEXICO Net Sales 46.4% +74K associates Adj. EBITDA 35 bakeries Market share leader within 10 categories Sliced bread Toasted bread Buns & rolls Flatbread Pastries Cakes Totopos Tostadas Breadcrumbs Bars LATIN AMERICA (2) +23K associates 37 bakeries 9.6% 6.4% Net Sales Adj. EBITDA Market share leader in sliced bread and buns & rolls Figures as of December 31, 2022. 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. 6#7Global Undisputed Baking Industry Leader INDUSTRY STRUCTURE • Mature life cycle · Increasing regulatory environment • High competition level • Medium technology change • Low revenue volatility . Low barriers of entry WITH FURTHER OPPORTUNITY TO GROW... GRUPO BIMBO INDUSTRY PERFORMANCE 49.4% 4.0% • Resilience to economic downturns Europe & North America: largest other players contributors to industry revenue in 2019 • North Asia: rising income levels and changing diets to bread 9.8% private 36.8% artisanal INDUSTRY OUTLOOK label . · 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- conscious and trending towards snacks NOURISHING A BETTER WORLD (1) Source: GlobalData 2021, retail sales. Includes Bread and Rolls, Sweet Biscuits (cookies), Savory Biscuits (crackers), Morning Goods, Cakes, Pastries & Sweet Pies US $561 Bn¹ Global Baking Industry 1.2x second player, Mondelez 4.0x third player, Campbells' Soup 7#8Diversified Portfolio Across Geographies, Categories & Channels • 58% BY GEOGRAPHY (1) BY CATEGORY Retail BY CHANNEL Supermarkets, convenience SLICED BREAD BUNS & ROLLS stores, among others. 42% PASTRIES CAKES Developed Markets ■ Emerging Markets We have one of the world's largest DSD networks Our distribution fleet travels every day the equivalent to 129 LAPS around the world COOKIES TOAST ENGLISH MUFFINS BAGELS Traditional "Mom & Pops" QSR Quick Service Restaurants Others Foodservice, wholesale, vending machines, among others +1.1 MM ☑I DAILY STORE VISITS TORTILLAS & FLAT BREADS SALTY SNACKS (1) Net Sales for the last twelve months ended as of December 31, 2022. Excludes Ricolino. 8#9Global Brands with Top of Mind Awareness Sarafee Marinela Takis OROWEAT BIMBO B BARCEL THOMAS Entenmann's >US $1 bn (1) (1) Internal information. Estimated retail sales by brand considering the last twelve months as of December 31, 2022 WE BRING OUR MOST SUCCESSFUL BRANDS TO NEW MARKETS. SATISFYING OUR CONSUMERS' PREFERENCE Priorities Maximize value generation Digital Transformation Sustainability Agile mindset 9#10Clear 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 BAKED FOR NATURE Protect and regenerate our natural systems Caring for our people Towards zero waste Enabling healthier plant based diets Convert into regenerative agriculture Net zero carbon emissions Environmental standards Product quality and safety Human rights and labor standards Sustainable raw material sourcing 10#11With Strong Commitment and Progress Towards our Sustainability Goals BAKED FOR LIFE BAKED FOR NATURE BAKED FOR YOU 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 100% simple and natural recipes in baking and snacks 100% products than can be part of a healthy plant-based 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 200,000 hectares of wheat farmed 1 social impact project at least per work center To create safe, healthy, diverse, equitable and inclusive workplaces (1) Sustainable Development Goals. (2) Total Recordable Incident Rate PROGRESS AS OF 2022 96% products for daily consumption fully complied with max levels established for nutrients to be limited according to internal nutritional guidelines. 99% of our whole wheat bread and buns can be part of a plant-forward diet 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 59 bakeries with zero waste to landfill 94% waste recycled globally 86% "War on Food Waste" initiative completed 91% recyclable packaging 94% treated water is reused 80,000 hectares of wheat farmed in U.S. +200 projects in Good Neighbor program +700K beneficiaries, supported by 205 work centers 1.97 TRIR(2) 20.44 average training hours per associate 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 POVERTY ZER:O HUNGER SSS SUSTAINABLE CES 10 NEQUALITIES REDUCED AND COMMUNITIES A LIFE SUSTAINABLE CITES 12 RESPONSABLE CONSUMPTION AND PRODUCTION 13 CLIMATE ACTION 15 ON LAND AND COMMUNITIES GOOD HEALTH AND WELL-BEING QUALITY EDUCATION CLEAN WATER AND SANITATION DECENT WORK AND ECONOMIC GROWTH M CLIMATE ACTION UFE 14 BELOW WATER LIFE ON LAND 17 PARTNERSHIPS FOR THE GOALS 11#12Proven Ability to Meet our Customers' and Consumers' Evolving Needs Through Innovation Best Nutritional Profiles Rustik Bakery Rustik Bakery Barra de Cereals Cernit CONMASA MADRE ITS Rustik Clean labeling Tenderflake Bites MINI CROISSANTS PLAIN NATURE BIMBO Cero Cero Multigrano PROTEINA-7GRANOS Y SEMILLAS 1% ADIDA COMPOMARINAC Positive Nutrition LIMITED EDITION little Bites Vanilla MUFFINS MINI Takis 25 SINGLES little Smart Portions Healthier Plant Based Diets (SANISSIMO) Salmas HORNEADAS 126 g studits de Miz Marce con Chis, Linaza y Arrez Contempos de tras tostadas s Cereal diversity Transparent Sustainable Brands NUEVO (SANISSIMO) EMPANIZADOR DE MAÍZ HORNEADO SIN GLUTEN BIMBO Integral 822286 200 DE TRICO INTEGRAL Cereal-based Nutritional transparency on-pack and online VENTURES BARA SANDWICH Cauliflower THINS Veggie Herb Nutritional balance GRUPO BIMBO Alliances to transform the Innovation business model SUCCESS DRIVERS Growth Opportunities Great Products Brand Penetration Scale 12#13Leading Management Team with Top-Notch Corporate Governance COMMITEES Steering Committee Name Role Daniel Servitje CEO Diego Gaxiola CFO Rafael Pamias COO Mark Bendix Executive VP, GB Fernando Lerdo de Tejada Executive VP, GB Raúl Obregón . Chief Information & Transformation Officer Juan Muldoon Miguel Ángel Espinoza Alfred Penny Alejandro Rodríguez Chief People Officer President, Bimbo Mexico President, BBU President, Barcel • • Audit and Corporate Finance and Planning Evaluation, Results and Nominations BOARD OF DIRECTORS 39% are independent The Company is making several changes to its senior leadership team: Rafael Pamias has been named Chief Operating Officer Fred Penny will be retiring at the end of March 2023 and Tony Gavin will become President of BBU Mark Bendix expands his responsibilities to include BBU • Grupo Bimbo was included for the first time in the Bloomberg Gender-Equality Index 2023 13#14Sustained Growth with Potential to Continue Increasing Profitability NET SALES CAGR: 8.2% (1) Includes effect of IFRS16 $398.7 ADJ. EBITDA $53.4 $268.5 2017 2018 2019 2020 2021 2022 4Q22 Net Sales $109.0 $94.6 +15.3% 4Q21 4Q22 $27.3 2017 2018 2019 2020 2021 2022 Adj. EBITDA Margin 2017(2) 2018 2019 2020 2021 2022 GRUPO BIMBO 10.2% 10.9% 13.0% 13.7% 14.0% 13.4% MEXICO 17.7% 18.2% 19.3% 18.3% 19.0% 17.9% NORTH AMERICA 9.2% 9.0% 11.3% 12.9% 12.2% 11.0% EAA -8.4% 0.4% 6.3% 7.6% 7.9% 7.0% LATIN AMERICA 1.9% 2.6% 2.2% 4.9% 6.2% 8.9% Figures expressed in billions of MXN. Ricolino's results have been removed from 2021 and 2022. (1) CAGR using a 5-year period (2) 2017-2018 Adj. EBITDA does not include the effect of IFRS16 14#15Our Digital Transformation Journey STRATEGY Digital Evolution to enable business growth and sustainability as an agile and consumer-centric company, through innovation & data driven decisions CULTURAL IMPACT Agility mindset and Data-Driven decision making Continuously challenging the status quo OUR TRANSFORMATION Secure Operations Integrated Move to the Global Standard Global Data Cloud Applications Connected with Customers and Consumers Visibility Anywhere, Anytime Augmented People Capabilities Support and Accelerate Sustainability Simplified & Intelligent E2E Value Chain 15#16Proven Ability to Grow with Prudent Leverage NET DEBT/ADJ. EBITDA (1) 3.1 2.9 (2) 2.7 2.7 2.0 1.9 2.2 (3) 3.0(4) 2.7 2.6 I 2.6 2.4 1.9 2.0(5) (5) 1.5 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Weston PEFULS US$ 2.4 Bn Sara fee US$ 709 mm B CANADA BREAD CAD$ 1.8 Bn Ricolino +US$ 1.4 Bn East Balt Bakeries™ US$ 650 mm (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. $27Bn. 16#17Conservative Debt Profile and Ample Liquidity Total Debt: US $4,341 mm (1) Avg. Tenor: 14.9 yrs. Avg. Cost: 6.04% Fixed: 94% Ratings: BBB/Baa2/BBB SPLIT BY CURRENCY (2) 6% 8% ■ USD MXN 43% ■ CAD ■ EUR 332 S&P/Moody's/Fitch 800 US $1.75 Bn in Undrawn Sustainability-linked Committed Revolver Facility 650 498 498 398 560 585 2023 2024 2025 2026 2027 Bank Loans 2044 USD Bonds 2047 MXN Bonds 2048 2049 2050 2051 Figures in US$ mm as of December 31, 2022. Debt profile does not include US $56 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 43% 17#18Looking Forward Guidance 2022 Results 2023 GUIDANCE Net Sales Mid to high-teens +17.7% ✓ Adj. EBITDA (1) Low double-digit +12.8% ✓ 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. 18#19[email protected] WWW.GRUPOBIMBO.COM THANK YOU GRUPO BIMBO NOURISHING A BETTER WORLD (R) 19#20Disclaimer 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. 20 20