Investor Presentaiton

Made public by

sourced by PitchSend

1 of 24

Creator

PitchSend logo
PitchSend

Category

Pending

Published

Unknown

Slides

Transcriptions

#1INVESTOR PRESENTATION Third Quarter 2023 GRUPO BIMBO NOURISHING A BETTER WORLD#2The Largest Baking Company in the World and a Leading Global Food Player 34 COUNTRIES US$21.3 Bn Market Cap (1) US$22.3 Bn Net Sales (2) US$3.1 Bn Adj. EBITDA (2) (3) +100 brands +9k +57k products routes 217 +1,500 +148k bakeries and sales centers plants associates B 2.0x Net Debt / Adj. EBITDA (4) BBB+/Baal/BBB+ S&P/Moody's/Fitch Figures as of September 30, 2023. Excludes Ricolino. (1) Expressed in US at the FX of $17.38 Ps./US. (2) LTM Net Sales and Adjusted EBITDA with IFRS16 effect were Ps. $408,125 million and Ps. $55,960 million, respectively. Converted to US dollars using an average FX rate for the period of 18.27 Ps./US. (3) Adj. EBITDA: Earnings before interests, taxes, depreciation, amortization and Multiemployer Pension Plans ("MEPPS"). (4) Adj. EBITDA w/o IFRS16. 2#3• Quarterly Results HIGHLIGHTS Net Sales reached a record level excluding FX rate impact, growing 8.2% due to favorable price/mix across regions Adj. EBITDA¹ reached historic levels, excluding FX rate impact, increasing 9.5% and the the margin expanded 50 basis points, reaching 14.6% • Net Majority Income decreased 31.0% in peso terms due to the FX rate impact and the MEPPS3 non-cash benefit registered during 3Q22 and the margin contracted 170 basis points to 4.2% • Return on Equity³ closed at 14.6% • Net Debt/ Adjusted EBITDA ratio closed at 2.0x RECENT DEVELOPMENTS ■ Grupo Bimbo now has 27 countries (including USA and Mexico), out of 34, operating under 100% renewable electricity Grupo Bimbo acquired Mile Hi Bakery in Colorado, U.S., that produces buns and English muffins for the QSR channel ▪ The Company acquired the majority stake of its QSR operations in Switzerland, and now it owns 60% of the business ■ Grupo Bimbo held the 2023 Bimbo Global Race, and thanks to more than 300 thousand participants, including 180 thousand virtual runners, more than 2.8 million slices of bread are being donated to food banks around the world (1) Adj. EBITDA: Earnings before interests, taxes, depreciation, amortization and MEPPS. (2) Multiemployer Pension Plans ("MEPPS"). (3) Adjusted with MEPPS non-cash charges and Ricolino's divestiture. (4) Does not include IFRS16 effect. 3#4Globally Present, Locally Committed Market share leader within 7 categories NORTH AMERICA (1) 49.3% Net Sales 39.0% Adj. EBITDA +27K associates EAA (3) +15K associates 61 bakeries Top 3 market share within 7 categories in most countries(4) 9.9% 5.5% Net Sales Adj. EBITDA U.S. Canada Premium bread Bagels 84 bakeries Breakfast Cakes Buns & rolls Sliced bread Tortillas 31.4% Net Sales 48.6% Adj. EBITDA MEXICO +78K associates 36 bakeries Market share leader within 10 categories Sliced bread Toasted bread Buns & rolls Pastries Cakes Flatbread Totopos Breadcrumbs Tostadas Bars LATIN AMERICA (2) +23K associates 36 bakeries 9.5% Net Sales 6.9% Adj. EBITDA Market share leader in sliced bread and buns & rolls Net Sales (5) 45% 55% ■Developed Markets (6) Emerging Markets (6) 8% 92% Investment Grade (7) Non-Investment Grade (7) Figures as of September 30, 2023. Market share information from Nielsen, IRI and Company Information for the countries and categories where Grupo Bimbo participates. (1) Includes operations in the US 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 the UK and India. Cakes excluded in China, Morocco, and the UK. Bagels included only in the UK market. (5) Net Sales for the last twelve months ended as of September 30, 2023. Excludes Ricolino. (6) Developed markets considers Canada, France, Italy, Portugal, South Korea, Spain, UK, and the US. Emerging markets considers Argentina, Brazil, Chile, China, Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Honduras, India, Kazakhstan, Mexico, Morocco, Nicaragua, Panama, Paraguay, Russia, South Africa, Turkey, Ukraine, and Uruguay. As per MSCI classification. (7) Investment Grade considers Canada, Chile, China, France, India, Italy, Kazakhstan, Mexico, Paraguay, Peru, Portugal, Spain, South Korea, UK, Uruguay, and the US. Non-Investment Grade considers Argentina, Brazil, Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Honduras, Morocco, Nicaragua, Panama, Russia, South Africa, Turkey, and Ukraine. 4#5Our Leading Brands Across our Markets U.S. NORTH AMERICA Sara fee OROWEAT Canada Dempster's EST 1890 POM DEPUIS 1890 MEXICO LATIN AMERICA EAA BIMBO BBARCEL Marinela BIMBO PULLMAN Villaggio Bachon Marinela Takis >> bakery bread Rap10 Ben's BBARCEL PLUSVITA Tia Rosa artesano IDEAL WONDER Gabi Lara GALLETAS DekHogar Milpa Real SANISSIMO OROWEAT The Suandy ALTA REPOSTERÍA ana Supan Maria Nutra Bien! Mi pan de siempre...! Takis Cero Fargo Cero BIMBO donuts Bella Easo Takis Silueta DONETTES Ortiz Rustik Bakery OROWEAT NEW YORK BAKERY CO KITTY The Master Baker ST. PIERRE mobern BIMBO 123 ARNOLD BROWNBERRY Takis Entenmanns Little Bites Ball Park BUNS & ROLLS THOMAS Entenmanns Marinela BON MATIN MRS BAIRD'S SUN-MAID. Maler's® BAYS Sara fee English Muffins artesano THE KING Stroehmann PENNSYLVANIA DUTCH BAKERS Sara fee LE BOSS GROS BISLUFTS BIG DADDY. OF COOKIE TOWN Takis little Bites Sarafee Artesano >>>bakery bread OROWEAT BIMBO Artesano BIMBO Lonchi Bon Rustik Bakery Lender's Heiner's The Rustik ·Oven- Stonemill® BAKEHOUSE BOULANGERIE THOMAS BIMBO little BIMBO. Bites Cero (SANISSIMO Fuchs HARVEST 曼顿 MANKATTAN⭑ Cero Tia Rosa nutrella Vel Pitar Cel dintâi brutar BIMBO Artesano pan artesanal 5#6Global Baking Industry Leader with a Relevant Share in the Snacking Industry Bimbo is a Global Leader in... ...Large... ...Resilient... ...and Growing Industries Baking Industry Snacking Industry 2.4x Market Share of 2nd Largest Player 4.9x Market Share of 3rd Largest Player #1 3.4% US$440 Bn 3.2% Global Player Market Share Top 10 1.0% US$326 Bn '17-'22 CAGR 4.2% 5.3% '22 '27 CAGR 5.5% With Clear Trends to Continue Driving Growth Health-Conscious Consumers are Demanding Tasteful Goods Strong Shift Towards Sustainable Packaging and Environmentally Friendly Processes Evolution of Original Plain to Modern Recipes Variety of Local Ingredients All-Natural and Protein Rich Snacks Meal-Like Attributes Grupo Bimbo has Demonstrated the Flexibility to Quickly Adapt to Changing Consumer Preferences and is Uniquely Positioned to Capture the Growth Potential Source: Euromonitor, market sizes and company shares as of 2022. Note: Baking industry includes Bread, Cakes, Pastries and Dessert Pies and Tarts. Snacking industry includes Savoury Snacks and Sweet Biscuits, Snack Bars and Fruit Bars. Snacking industry figures exclude Confectionary and Ice Cream. 6#7Diversified Portfolio with Global Brands on Top of Mind of our Consumers LEADING BRANDS CATEGORIES CHANNELS OROWEAT THOMAS B Sarafee Martinela BARCEL SLICED BREAD BIMBO Entenmann's BBU was recognized by IRI (1) as the 4th fastest growing CPG company in 2022, and the fastest growing food company Bimbo is one of the most chosen food brands in Mexico and Latin America's households (2) Retail BUNS & ROLLS Supermarkets, convenience stores, among others Traditional "Mom & Pops" PASTRIES CAKES 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 & +31 MM equivalent units (3) produced every day Our distribution fleet travels every day the equivalent to 110 trips in the aggregate around the world (1) BBU: Bimbo Bakeries USA, IRI: Information Resources, Inc. (2) Source: Kantar World as of 2023. (3) Measurement of the volume sold by Grupo Bimbo that complements the metrics of kilograms, units, and money. Its objective is to establish an equivalence between each product of the Group and a 680-gram sliced packaged bread. 7#8Our Global and Local Brands Meet All Consumption Occasions NUTRITION HACKERS UPLIFTING TREATS RISE & SHINE BELOVED MEALS HEALTHY CREATIONS SANISSIMO Salmas HORNEADAS PAQUETES SANISSIMO No added fats, colorants or artificial preservatives, prepared through a slow baking process that allows the original flavor of the ancestral and essential grains to be preserved Entenmann's little Bites #1 mini muffin brand in the United States (1) THOMAS #1 selling English muffin and an all- American classic (1) Sarafee Artesano bakery bread Developed internally, present in 20 countries, became #1 mainstream bread brand in the US(1) Cero Cero Recent Mexican innovation with continued momentum, now present in 9 countries (1) Source: Information Resources, Inc. as of 2023 8#9Proven Ability to Meet our Customers' and Consumers' Evolving Needs through Innovation BEST NUTRITIONAL PROFILES Clean label • Positive nutrition • HEALTHIER PLANT BASED DIETS Cereal-diversity Nutritional balance • TRANSPARENT SUSTAINABLE BRANDS ⚫ Nutritional transparency on-pack and online Post-consumption • • Smart portions Fortification Pay IDEAL OROWEAT PROTEINIO keto Little Bites 10 PRATENA 15 SANISSIMO KETO SEEDED Tostadas 7 BIMBO Cero Cero Multigrand PROTINA-7GRAMOS Y SENEL 0% KEY TRENDS • Value added premium brands • "Snackification" • Health & Wellness Emmy's ORGANICS TOPT COCONUT COOKIES DARK CACAD STPIERRE BRIOCHE TO SHARE GRUPO BIMBO VENTURES Investments in startups •⚫ Alliances to improve and create disruptive products Tangible NOUS Sustainable Food Innovation livekuna by KUNA POPSI SNACKIN' ON SUPERFOODS QUINOA & CHIA Spicy Chill Chill Epice • SUCCESS DRIVERS Scale, brand penetration, great products • Innovation centers • Consumer-driven NEW ORLWEAT ORGANIC Vital Meneman RARE ODWID TAKES SINCO Empaque EGRADABLE CRUAPAN Sarafee artesano 9#10Driving Consistent Growth and Profitability Adj. EBITDA Geographic Diversification (By Sales) Countries (1)(2) 2008 Net Sales US$7.4 Bn US$0.9 Bn US$14.1 Bn (2) (2) 2014 3023LT US$22.3 Bn EVOLUTION & GROWTH in the Last 14.75 years 3.0x US$1.4 Bn US$3.1(3) Bn 3.4x EAA 4% EAA 9.9% NA 22% Mex 64% NA 48% Mex 36% NA 49.3% Mex 31.4% Latam 14% Latam 12% Latam 9.5% 18 22 34 1.9x Bakeries & Plants 83 167 217 2.6x Baking Market Share(4) 2.0% (5) 3.1% 3.4% 1.4pp Market Cap US$4.9 Bn US$13.0 Bn US$21.3 Bn 4.3x CAPEX US$357 MM US$548 MM US$1.8 Bn 5.0x Net Debt / Adj. EBITDA (6) 2.7x(7) 3.1x (8) 2.0x (0.7x) Relevant Acquisitions Credit Ratings Weston Sara fee B CANADA BREAD Eas Bale Bakurse Upgrade to Baal by Moody's and BBB+ by S&P & Fitch in 2023 (1) Results prepared in accordance with Mexican GAAP. (2) Net Sales, adj. EBITDA and CAPEX figures converted to US dollars using an average FX rate for the period, 2008 of $11.16 Ps./US, 2014 of $13.30 Ps./US and LTM ended September 30, 2023 of 18.27. (3) Figures with IFRS 16. Adj. EBITDA: Earnings before interests, taxes, depreciation, amortization and MEPPS. (4) Source: Euromonitor. Includes: Bread, Cakes, Pastries, and Dessert Pies and Tarts. (5) Calculated dividing the 2008 revenues of Grupo Bimbo of Ps$82 Bn converted to US dollars using an average FX rate for the period of $11.16 Ps./US by the baked goods' market value of US$365 Bn as reported by Euromonitor. (6) Adj. EBITDA w/o IFRS16. (7) Leverage ratio pro-forma for Weston Foods acquisition. (8) Leverage ratio pro-forma for Canada Bread acquisition. 10#11High Growth Business Model Even in Challenging Macro Environments Mexico's St $ 6.7x Mexico's GDP growth Global Recession COVID 19 Financial Crisis GRUPO 5.2x USA's GDP growth | BIMBO I I I I 8 BIMBO I 1980 (1) 1985 1990 1995 2000 2005 NET SALES CAGR: 7.5%(2) $289.3 2018 2019 2020 $408.1 ADJ. EBITDA CAGR: 12.7% (2) I I I I 2010 2015 2020 2022 $31.7 I Includes IFRS16 I 2021 2022 LTM 3Q23 2018 Ricolino's results have been removed for the year 2022. (1) Grupo Bimbo consolidated Net Sales, Mexico GDP and US GDP using Base 100. (2) CAGR using a 4.75-year period. $56.0 2019 2020 2021 2022 LTM 3Q23 11#12Highly Resilient Adjusted EBITDA Margin and Adjusted EBITDA Margin Expansion Across Geographies ADJ. EBITDA MARGIN % Favorable price and product/mix Strong volume performance 2018 (1) 2019 2020 2021 2022 LTM 3Q23 New manufacturing capabilities Grupo Bimbo 10.9% 13.0% 13.7% 14.0% 13.4% 13.7% Increased scale North America 9.0% 11.3% 12.9% 12.2% 11.0% 10.8% Productivity investments driving SG&A efficiencies Mexico 18.2% 19.3% 18.3% 19.0% 17.9% 18.3% Strategic acquisitions LATAM Distribution network optimization 2.6% 2.2% 4.9% 6.2% 8.9% 10.0% Successful turnaround projects EAA 0.4% 6.3% 7.6% 7.9% 7.0% 7.6% Adj. EBITDA: Earnings before interests, taxes, depreciation, amortization and MEPPS. Ricolino's results have been removed since 2021. (1) 2018 Adj. EBITDA does not include the effect of IFRS16. 12#13Strong and Consistent Cash Flow Generation CUMULATIVE CASH FLOW" (US$)(2) Capex (Exc. Acquisitions) 783mm 680mm 2022 Key Figures (US$) (2) 616 mm 1.0 Bn 1.4 Bn $4.0 Bn FCF: $715 mm" (1) $3.3 Bn (4) CAPEX: $1.4 Bn $2.4 Bn (5) Shareholders' Return: $415 mm $324 mm $1.1 Bn 2018 2019 2020 2021 (3) 2022 Cash Flow for the Period Cumulative Cash Flow (1) Includes IFRS16 from 2019. FCF Formula = Adjusted EBITDA minus capital expenditures (i.e. cash used for the purchase of property, plant and equipment), income tax paid, plus net interest (i.e., interest received plus collection of derivative financial instruments minus interest paid and payment of derivative financial instruments) and change in working capital for the period. (2) Converted to US dollars using average FX rates for the periods of $19.24 Ps./US for 2018, $19.28 Ps./US for 2019, $21.47 Ps./US for 2020, $20.29 Ps./US for 2021, and $20.10 Ps./US for 2022. (3) Excludes Ricolino. (4) Does not include acquisitions. (5) Includes dividends and share buybacks. Includes extraordinary dividend from the sale of Ricolino of Ps. $65 cents per share, equivalent to Ps. $2.9 Bn, or US$146 mm. 13#14Sustainable Growth with Proven Ability to Deleverage NET DEBT / ADJ. EBITDA" (3) 3.13 (1) 2.7 (2) 2.0 1.9 2.9 2.7 I I 2.2 (4) 3.0 2.7 2.6 2.6 2.4 2.0 (5) 1.9 1.5 (5) 2.0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 LTM 3Q23 SINCE 1882 Weston PEFULS US$ 2.4 Bn Sara fee B US$ 709 mm CAD$ 1.8 Bn CANADA BREAD Ricolino East Balt Bakeries US$ 650 mm +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 $6,089 mm (1) Avg. Tenor: 11.85 yrs. Avg. Cost: 7.21% Fixed: 80% Ratings: BBB+/Baal/BBB+ S&P/Moody's/Fitch CURRENCY Mix) 6%4% MXN USD 35% 55% EUR ■CAD US $1.73 Bn(3) in Undrawn Sustainability-linked Committed Revolver Facility 800 608 681 650 547 498 560 585 320 384 210 209 13 2023 2024 2025 2026 2027 2028 Bank Loans 2033 2044 USD Bonds 2047 2048 MXN Bonds 2049 2050 2051 Figures in US$ mm as of September 30, 2023 converted with FX 17.62. Debt profile does not include US $69 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. (3) Total facility is for US$1.93 Bn. 15#16Responsible Financial Management Committed to a robust balance sheet 3Q23 Net leverage: 2.0x 3Q23 Cash & Equivalents: US$355 mm (1) Efficient working capital management Ongoing efforts to continue improving working capital and value creation initiatives Significant liquidity and financial flexibility US$1.73 Bn² in undrawn committed revolving credit facility (2) Focused on reinvesting, prioritizing long-term growth and profitability LTM 3Q23 CAPEX: US$1.8 Bn (3) Conservative risk management policies aligned with Corporate strategy Hedging strategy for commodities and FX risks Committed to strong investment grade MOODY'S Baal S&P Global BBB+ Fitch Ratings BBB+ Upgrade by 3 rating agencies in 1H23 Notes: (1) Converted with end of period FX rate of $17.62 Ps./US. (2) Total facility is for US$1.93 Bn. (3) Converted with LTM avg. FX rate of $18.27 Ps./US. 16#17Leading 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 7th consecutive year, by Merco, and for the 8th consecutive year, Daniel Servitje was named the leader with the best reputation in the country 17#18Our 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 18#19Looking Forward Guidance 2022 Results 2023 GUIDANCE Low to Mid-single digit Net Sales Mid to high-teens +17.7% ✓ Adj. EBITDA (1) Low double-digit +12.8% ✓ Mid to 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. 19#20Clear 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 20 20#21With Strong Commitment and Progress Towards our Sustainability Goals BAKED FOR YOU BAKED FOR BAKED FOR NATURE LIFE Best Nutritional Profiles For All Enabling Healthier Plant- Based Diets Transparent Sustainable Brands Net Zero Carbon Emissions Zero Waste Regenerative Agriculture 2030 GOALS 100% simple and natural recipes in baking and snacks 100% products will 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 PROGRESS AS OF 2022 OUR CONTRIBUTION TO SDG) 96% products for daily consumption fully complied with max levels established for nutrients to be limited according to internal nutritional guidelines. 35% of our sales come from products with ≥3.5 stars per the HSR (2) standard 99% of our whole wheat bread and buns are part of a plant-forward diet 98% of our daily consumption portfolio is free of artificial flavors and colors Definition of key topics to communicate with the consumer 100% renewable electricity in 24 countries, globally 85% of the energy we use is renewable +6,000 vehicles with alternative fuel, of which +2,500 are electric 2100 ZHUNGER Highest score by CDP for our actions to mitigate climate change effects +110,000 solar panels and 140 photovoltaic rooftops installed worldwide 65 bakeries with zero waste to landfill 94% waste recycled globally 81% "War on Food Waste" initiative completed 91% recyclable packaging 92.5% treated water is reused CLEAN MATER 6 AND SAMITATION GOOD HEALTH SSS 3 AND WILL BEING RESPONSIBLE 12 CONSUMPTION AND PRODUCTION QO 2 MUNGER 2 UNDER 3 6000 H CO HEALTH AND WELL-BEING 12 RESPONSIBLE CONSUMPTION AND PRODUCTION ༦,༥w。 G° ་་་ 3D HEALTH AND WELL-BEING 12 RESPONSIBLE CONSUMPTION AND PRODUCTION LIFE AFFORDABLE AMD CLEAN ENTRE REDUCED 10 QUALITIES 11 SUSTAINABLE CES ADMINIS 12 RESPONSE CONSUMPTION AND PRODUCTION 13 CLIMATE ACTION LIFE 14 LOW WATER 15 ON LAND POVERTY 2 HUNGER 2 6 HUNGER +86,000 hectares of wheat farmed in the US and Mexico 555 Strengthening Communities 1 social impact project at least per work center +230 projects in Good Neighbor program Caring For Our People To create safe, healthy, diverse, equitable and inclusive workplaces +1M beneficiaries, supported by 205 work centers 1.96 TRIR(3) 25 average training hours per associate 27% of leadership positions are occupied by women (1) Sustainable Development Goals. (2) Health Star Rating System. (3) Total Recordable Incident Rate. (4) SDGs applicable to almost all pillars of our strategy. SSS 3 AND WELL-BEING CLEAN WATER AND SANITATION 12 RESPONSIBLE CONSUMPTION AND PRODUCTION LIFE 14 BELOW WATER CLEAN WATER AND SANIATION 10 REDUCED PEQUAITES 1 POVERTY 11DONES QUALITY 4 EDUCATION 13 GENDER QUALITY DECENT WORK AND ECONOMIC GROWTH M 13 CLIMATE CLIMATE 14 WAR 15 ONLAND PEACE, JUSTICE 16 AND STRONG INSTITUTIONS PARTNERSHIPS FOR THE GOALS (4) 21#22[email protected] WWW.GRUPOBIMBO.COM THANK YOU GRUPO BIMBO NOURISHING A BETTER WORLD (R)#23Disclaimer 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. 23

Download to PowerPoint

Download presentation as an editable powerpoint.

Related

Q4 & FY22 - Investor Presentation image

Q4 & FY22 - Investor Presentation

Financial Services

FY23 Results - Investor Presentation image

FY23 Results - Investor Presentation

Financial Services

Ferocious - Plant Growth Optimizer image

Ferocious - Plant Growth Optimizer

Agriculture

Market Outlook and Operational Insights image

Market Outlook and Operational Insights

Metals and Mining

2023 Investor Presentation image

2023 Investor Presentation

Financial

Leveraging EdTech Across 3 Verticals image

Leveraging EdTech Across 3 Verticals

Technology

Axis 2.0 Digital Banking image

Axis 2.0 Digital Banking

Sustainability & Digital Solutions

Capital One’s acquisition of Discover image

Capital One’s acquisition of Discover

Mergers and Acquisitions