Investor Presentaiton
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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
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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.
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