4Q19 Corporate Presentation Sigma as part of ALFA Petrochemicals - PowerPoint PPT Presentation

4Q19 Corporate Presentation

Sigma as part of ALFA Petrochemicals Aluminum Autoparts Food Products IT + Telecom Oil & Gas 8 out of 10 #1 in the production of 1 out every 4 new cars 11 Sigma brands 706 production wells Mexican Corporates use PTA, PET and EPS sold in the world contains sell more than operated by Newpek Axtel’s IT and Telecom in the Americas at least one Nemak product US $100 Million a year each in U.S. and Mexico services 37% of Total Revenues 1 31% Total EBITDA 1 (1) FY 2019 in USD 4Q19 CORPORATE PRESENTATION 2

USA USA A leading global company 15% 16% Net Sales 2019 US $6.5 Billion Europe Mexico 35% 42% EBITDA 2019 US $703 Million Operations in 18 countries LatAm 7% Sales distribution by region 4Q19 CORPORATE PRESENTATION

We bring communities everywhere favorite foods to love 70 Manufacturing Facilities Cooked Meats Dry Meats 60% of Net Sales 16% of Net Sales 210 Distribution Centers +640,000 Points of Sale +45,000 Employees Dairy Other Categories 4Q19 CORPORATE PRESENTATION 4 19% of Net Sales 5% of Net Sales

A unique story of transformation Net sales breakdown Net sales EBITDA Countries Facilities Employees By geography By category (US$ M) (US$ M) National leadership 25% $125 $882 4 8 ~12,500 2000 98% 74% International expansion 9% 5% 15% 32% $288 2010 $2,618 9 34 ~29,000 76% 63% Global player 5% 7% 16% 19% 41% $6,463 $703 18 70 ~45,000 2019 60% 16% 36% Europe Mexico Cooked Meats Dairy US LatAm Dry Meats Other categories We have increased Net Sales 7.3x and EBITDA 5.6x since 2000 4Q19 CORPORATE PRESENTATION 5

Diverse portfolio of leading brands across categories Dairy Packaged Meats Third Party Other Categories 11 brands with net sales > US $100 M in 2019 4Q19 CORPORATE PRESENTATION 6

Research and Development Consumer research +260,000 contacts per year Proprietary mathematical models R + D 2 research centers 6 pilot plants +200 specialists +40 patents 4Q19 CORPORATE PRESENTATION 7

Sigma Innovation System Iterative innovation process based on Design Thinking Fail early, often and cheap, while limiting failure +270 new products launched this year +740 projects in the innovation pipeline 11% of 2019 accumulated sales come from innovation products Innovation Process 4Q19 CORPORATE PRESENTATION 8

Innovation platforms These are some of the innovations we launched in 4Q19: Health & Trust & Indulgence Convenience Heritage Nutrition Sustainability 4Q19 CORPORATE PRESENTATION 9

Innovation growth avenues Snacking New business unit working across geographies Higher demand of protein-based snacks 3% of 2019 Net Sales Alternative Proteins New sources of protein to cover current flexitarian trends +40 existing products across geographies +25 new products in the global innovation pipeline 4Q19 CORPORATE PRESENTATION 10

Sustainability 75 work sites operating with cleaner energy +480 products +90,000 tons Technology with improved of CO2 nutritional avoided profiles FReSH Project 10% of water member consumption decreased in the US +3,000 tons of food donated through food banks 4Q19 CORPORATE PRESENTATION 11 Sustainability Report 2018

Experienced management team CEO Business units Rodrigo Fernández Eugenio Caballero Ricardo Doehner Warren Panico Sergio Ramos Armando de la Peña CEO Mexico CEO Europe CEO USA CEO Latin America CEO Foodservice President & CEO MBA Harvard MBA Michigan MBA Columbia Pacific MBA University of Texas Executive Programs MBA Wharton University at Austin 17 23 22 31 18 21 Central functions Roberto Olivares Gregorio de Haene Luis Iturralde Alejandro Suárez CFO CTO CHRO CIO MBA Duke MBA ITESM MBA ITESM Master in Operations George Washington Years in the company 37 12 26 28 Proven top management with an average of 24 years of experience across business areas 4Q19 CORPORATE PRESENTATION 12

4Q19 Financial Results

Financial Results US $M Net Sales EBITDA 6,463 6,336 Non-recurring gains 6,054 876 5,901 5,698 5,359 703 684 676 663 639 716 3,820 525 2013 2014 2015 2016 2017 2018 2019 2013 2014 2015 2016 2017 2018 2019 4Q19 CORPORATE PRESENTATION 14

Financial Results US $M Net Sales EBITDA 4Q19 Highlights +7% +1% 1,706 176 174 1,596 7% • Solid results in Mexico and the US due to 7% 8% 8% higher average prices 14% 19% 15% 14% • Europe continued to be impacted by 24% 37% 29% higher raw material costs associated to 37% ASF • Pork prices increased 50% year-on-year 50% in both the Americas and Europe 48% 42% 41% • Sigma launched Tastech, its first global acceleration program 4Q18 4Q19 4Q18 4Q19 EBITDA Margin 10.9% 10.3% 4Q19 CORPORATE PRESENTATION 15