Investor Presentation S e c o n d Q u a r t e r 2 0 2 0
Control Group: 76% Grupo Bimbo Today Float: 24% Argentina US $7.8 Bn 33 Brazil Canada MARKET CAP 1 COUNTRIES Chile China 197 Colombia US $15.2 Bn Costa Rica PLANTS Ecuador NET SALES 2 El Salvador +55,000 France Guatemala ROUTES US $2.0 Bn Honduras India ADJ. EBITDA 3 +2.8 M Italy Kazakhstan POINTS OF SALE Mexico Morocco Nicaragua 1,700 “Delicious and nutritious Panama SALES CENTER Paraguay Peru baked goods and snacks Portugal +134,000 Russia in the hands of all.” South Africa ASSOCIATES South Korea Spain +100 Switzerland Turkey BRANDS Ukraine United Kingdom +13,000 United States Uruguay PRODUCTS Venezuela ______________ (1) As of June 30 th , 2020 . Expressed in US$ at the FX of $22.99 Ps./US. (2) LTM Net sales and Adjusted EBITDA with IFRS16 effect were Ps. $311,073 million and Ps. $41,356 million, respectively. Converted to US dollars using an average FX rate of the period of Ps. 20.46US$. (3) Adj. EBITDA: Earnings before interests, taxes, depreciation, amortization, Multiemployer Pension Plans (MEPPs) 2
Leading Brands Across our Markets NORTH AMERICA MEXICO LATIN AMERICA EAA U.S. CANADA 3
Global Leader in the Baking Industry Top 3 market share EAA (3) North America (1) within 7 categories in Market share 12K Associates leader within most countries (4) 26K Associates 8 categories 49 plants 78 plants Canada USA Sliced bread Sliced bread Bagels Breakfast Snack cakes Premium bread Tortillas Buns & rolls Mexico 75.9K Associates 38 plants Latin Market share leader within 8 categories America (2) Sliced bread Toasted bread 20.4K Associates Buns & rolls Flatbread 32 plants Market share leader in sliced Sweet baked goods Tostadas bread and buns & rolls Snack cakes Bars ____________ Figures for the last twelve months ended as of June 30, 2020. 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 excludes U.K and India. Cakes excludes China, Morocco and U.K., Bagels only in the UK market. and Confectionery by a distributor 4
Global Undisputed Baking Industry Leader represents 4.2% of the US$473 Bn Global Baking Industry 1 Over 1.2x second player, Mondelez & 3.5x third player, Campbells’ Soup 1 Artisanal and Private labels representing 46% of industry sales 1 Industry Fundamentals 2 Industry Performance - Resilience to economic downturns - Highly fragmented industry - Europe & North America: largest contributors Average Growth Average Growth to industry revenue in 2019 2014-2019 2019-2024 - North Asia: rising income levels and changing 1 2 diets to bread 4.2% 4.8% Industry Structure Industry Outlook 4 3 Expected Growth from BRIC 3 Countries - - Mature Life Cycle - US market: organic and gluten-free baked - Increasing Regulation Level - High Competition Level goods - Medium Technology Change - Western Europe: whole grain and high-fiber - Low Revenue Volatility breads - Consumers becoming more health-conscious - Low Barriers to Entry and busy looking for snacks Increase in demand for packaged single-serve 100-calorie portions, that can High Growth Momentum in Snacks: easily be consumed while on the move ____________ (1) GlobalData as of 2019, includes Bread and Rolls, Sweet Biscuits (cookies), Savory Biscuits (crackers), Morning Goods, Cakes, Pastries & Sweet Pies (2) Industry Fundamentals, Performance, Structure & Outlook: IBISWorld, Global Bakery Goods Manufacturing, January 2020 edition (3) Brazil, Russia, India and China 5
Our Strong Presence and Diversification By Geography By Categories & Products By Channel Sales by Geographic Region Retail 10+ Different Categories Supermarkets, convenience stores, North America among others 52% Sliced Buns & English Salty Bagels Traditional Bread Rolls Muffin Snacks “Mom & pops” QSR Cakes Pastries Tortillas Confectionery Cookies Quick Service Restaurants EAA Over 100 Brands 9% Others Mexico Latin America Foodservice, wholesale, and vending 30% 9% channels, among others We have one of the world’s +1.1 mm largest DSD networks Our distribution fleet travels daily store visits every day the equivalent of 100 laps around the world ____________ Figures for the last twelve months ended as of June 30 th , 2020. 6
Our Top Brands 1 7 +US $500 +US $1 million billion 8 6 5 +US $100 +US $100 +US $250 million million million ____________ 7 Source: Internal information on estimated retail sales by brand considering the last twelve months as of June 30 th , 2020 7
Extensive Markets Knowledge Drives Global Expansion SuccessDrivers Scale and global diversification From U.S. From Mexico From Mexico to 6 countries to 19 countries to 16 countries Distribution efficiencies Strong brand equity From U.S. From Mexico From Mexico Innovation capabilities to 6 countries to 11 countries to 17 countries Product quality From Colombia to 20 countries ____________ 8 Last updated: June, 2020
Our Recipe for Growth and Transformation Scale-up our Go-to- Market Strategy Serve our consumers with Great Products Streamline our Supply Chain Costs Expand our Brand Penetration SG&A Reduction Capture Large and Nourish a Better Actionable Growth World Opportunities 9
Successfully Navigating New Challenges COVID-19 INITIATIVES Social distancing Daily hygene steps ASSOCIATES Labor flexibility and remote work: Teams and Zoom Close communication with our main suppliers of raw materials MANUFACTURING Prioritizing high volume, fast moving SKUs Reopened Hazelton Bakery, US High demand in retail offsetting QSR and CHANNELS foodservice decline Global donations to foodbanks and foundations COMMUNITIES Product donations: box lunches & face masks Prepaid US$400 million of our committed revolving FINANCE credit facility 10
Continuously Adapting to New Consumption Trends Shift to “at - home” consumption National road trips substituting air travel Consumers are more cautious, opt 32% of consumers plan to cook for staycations, RV’s are becoming at home more after the COVID-19 more popular outbreak Ensure execution and Prioritizing high volume, availability at the point of fast moving SKU’s sale in the convenience channel E-commerce as a new purchasing habit Snacking and Premium products 78% of consumers are shopping online for 42% of consumers are snacking more in groceries more often during COVID-19 restrictions quarantine and 33% are buying more savory snacks Recipes of our products available in different food delivery platforms Mini presentations & Ricolino & Marinela Developing an e-commerce launching “Duo Packs ” organizational structure ____________ (1) Source: BofA, Food Basket Barometer, Junie 2020 | Barclays, How COVID-19 Could Change the U.S. Consumer, , April 2020 | Global Data 11
Innovation: Our Key to Success A brand of ancient Continued expansion of clean Snacks expansion ingredients label & compostable packaging Little Bites Launch in Easter Canada Entenmann’s Pre-packaged Pie Natural and simple ABO Clean Label Launch Shipper ingredients Organic bread No preservatives and artificial colorants added Formula’s Improvement + Packaging Refresh Oroweat Thomas’ Light Multigrain No Added Nonsense English Muffin Stonemill Plant Based Protein Bread Relaunch LBE “6 ingredients” 12 12
Our Innovation Platform Investment in promising start ups o Streamline and digitize our Mexico & LATAM U S A supply chain o Transforming our distribution models o Engaging in disruptive product innovation o Identifying and leveraging new for business technologies improvement Europe & ROW 13
Our Environmental & Sustainability Approach 2025 Goals Environmental Strategy Sustainability Renewable Energy 100% 85% in Mexico, 100% in U.S o RENEWABLE ELECTRIC POWER In Chile, we have the largest solar roof o in South America +4,000 o Piedra Larga Windfarm, supplies 70% of the electric power used in Mexico, ELECTRIC VEHICLES Carbon Water preventing the emission of 180,000 tons Footprint Footprint of CO 2 per year Reduction Reduction Electric Vehicles 100 % ) and around o 657 electric vehicles RECYCLABLE, 2,000 that use alternate fuels Waste Natural Capital BIODEGRADABLE, OR Development of electric units by o COMPOSTABLE PACKAGING Management (Supply Chain) Moldex , a Grupo Bimbo affiliate -50% Compostable Packaging Vital Bread is the first compostable FOOD WASTE IN OPERATIONS o package in Latin America 100% Reduced +446,000 kg , a total of 3.3 o CERTIFIED AND SUSTAINABLE SOURCES OF million kgs in the last 10 years PAPER AND BOARD 14
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