INVESTOR

PRESENTATION
July 2023
Legal Disclaimer
The information contained herein has been prepared by Grupo Bimbo, S.A.B. de C.V. (the “Company") solely for use at this presentation to provide a general background about the Company. This presentation has been prepared
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Securities may not be offered or sold in the United States unless they are registered or exempt from registration under the U.S. Securities Act of 1933, as amended (the “Securities Act”). This presentation is being made only to
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Forward-Looking Statements
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Industry Information
Market data and industry information used throughout this presentation are based on management’s knowledge of the industry and the good faith estimates of management. The Company also relied, to the extent available,
upon management’s review of independent industry surveys and publications and other publicly available information prepared by a number of third party sources. All of the market data and industry information used in this
presentation involves a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates. Although we believe that these sources are reliable, we cannot guarantee the accuracy or
completeness of this information, and we have not independently verified this information. While we believe the estimated market position, market opportunity and market size information included in this presentation are
generally reliable, such information, which is derived in part from management’s estimates and beliefs, is inherently uncertain and imprecise. No representations or warranties are made by the Company or any of its affiliates as
to the accuracy of any such statements or projections.
Non-GAAP Financial Measures
This presentation contains certain non-GAAP measures, including Adjusted EBITDA, Adjusted EBITDA Margin, Net Debt/Adjusted EBITDA Ratio and Free Cash Flow. These non-GAAP measures should not be considered
alternatives to the GAAP financial measures. Due to the fact that these are not GAAP measures that have standardized meanings, their calculation may vary among different companies. Thus, they may not be comparable to the
measures or similarly titled figures reported by other companies.

2
Agenda

Strengthening our Leadership in the Grain-Based Food Industry

Delivering Towards our Long-Term Strategy

Sustainability as Part of our DNA

3
 (1)
The Largest Baking Company in the World and a
Leading Global Food Player
US$23.7 Bn
Market Cap(2)

US$20.7 Bn
Net Sales(3)

US$2.8 Bn
Adj. EBITDA(3)(4)

+100 +9k +3.4mm +56k 1.7x

Net Debt / Adj. EBITDA(5)
brands products points of sale routes

215 +1,600 +143k BBB+/Baa1/BBB+

bakeries and sales centers associates S&P/Moody’s(6)/Fitch
plants
______________
Figures as of March 31, 2023. Except for the numeralia, which includes the Natural Bakery acquisition in April 2023. Excludes Ricolino. (1) Source: Euromonitor as of 2022. (2) As of June 30, 2023. Expressed in US at the FX rate of $17.12 Ps./US. (3)
LTM Net Sales and Adjusted EBITDA with IFRS16 effect were Ps.$407,701 million and Ps.$54,990 million, respectively. Converted to US dollars using an average FX rate for the period of $19.65 Ps./US. (4) Adj. EBITDA: Earnings before interests,
taxes, depreciation, amortization and Multiemployer Pension Plans (“MEPPs”). (5) Adj. EBITDA w/o IFRS16. (6) Reflects Moody’s upgrade on April 24, 2023.
44
Globally Present, Locally Committed Top 3 market share
within 7 categories
(3)
in most countries(4)
Market share leader 50.9% 41.5%
within 7 categories (1) Net Sales Adj. EBITDA 9.5% 5.2%
16K associates Net Sales Adj. EBITDA
+27K associates 62 bakeries
Premium bread Bagels
Breakfast Cakes
81 bakeries
Buns & rolls Sliced bread
Tortillas

30.0%
Net Sales

46.6% +77K associates Net Sales(5)

Adj. EBITDA 35 bakeries 8%

Market share leader 42%

within 10 categories 58%
(2)
Sliced bread Toasted bread
Buns & rolls Flatbread 9.6% 6.7% 92%
Pastries Totopos +23K associates Net Sales Adj. EBITDA
Developed Markets (6) Investment Grade (7)
Cakes Tostadas 37 bakeries Market share leader in sliced
Breadcrumbs Bars bread and buns & rolls Emerging Markets (6) Non-Investment Grade(7)

____________
Figures as of March 31, 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 March 31, 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
5
Argentina, Brazil, Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Honduras, Morocco, Nicaragua, Panama, Russia, South Africa, Turkey, and Ukraine.
 Global Baking Industry Leader with a Relevant Share
in the Snacking Industry
Baking Industry Snacking Industry

Bimbo is a Global 2.4x 4.9x #1 Global Player Top 10

Market Share Market Share
Leader in… of 2nd Largest of 3rd Largest
Player Player
3.4% Market Share 1.0%
…Large… US$440 Bn US$326 Bn

…Resilient… 3.2% ‘17 – ‘22 CAGR 4.2%

…and Growing
Industries
5.3% ‘22 – ‘27 CAGR 5.5%
Health-Conscious Consumers are Demanding Tasteful Goods
Strong Shift Towards Sustainable Packaging and Environmentally Friendly Processes
With Clear Trends to
Continue Driving Evolution of All-Natural and
Growth Original Plain to Variety of Local Meal-Like
Protein Rich
Modern Recipes Ingredients Attributes
Snacks

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
 Diversified Portfolio with Global Brands on Top of
Mind of our Consumers

Retail
SLICED BUNS & Supermarkets, convenience stores,
BREAD ROLLS
among others
Traditional
“Mom & Pops”
PASTRIES CAKES
QSR
Quick Service Restaurants

Others
BBU was recognized by as IRI(1) COOKIES TOAST Foodservice, wholesale, vending
the 4th fastest growing CPG machines, among others
company in 2022, and the fastest
growing food company + daily store visits &
ENGLISH
MUFFINS
BAGELS
+ equivalent units(3)
produced every day
Bimbo is the most chosen food
brand in Mexico and Latin Our distribution fleet travels every
TORTILLAS & SALTY
America’s households(2) FLAT BREADS SNACKS day the equivalent to 129 trips in
the aggregate around the world
____________
(1) BBU: Bimbo Bakeries USA, IRI: Information Resources, Inc. (2) Source: Kantar World as of 2022. (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
 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

Our Global and Local Brands Meet All Consumption

Occasions​

No added fats, #1 mini muffin #1 selling English Developed internally, Recent Mexican
colorants or artificial brand in the muffin and an all- present in 20 innovation with
preservatives, United States(1) American classic(1) countries, became #1 continued
prepared through a mainstream bread momentum,
slow baking process brand in the US(1) now present in 9
that allows the original countries
flavor of the ancestral
and essential grains to
be preserved
____________ 8
(1) Source: Information Resources, Inc. as of 2023
Proven Ability to Meet our Customers’ and
Consumers’ Evolving Needs through Innovation

• Clean label • Cereal-diversity • Nutritional transparency

on-pack and online
• Positive nutrition • Nutritional
• Smart portions balance • Post-consumption

• Fortification

• Value added premium • Investments in startups • Scale, brand

brands penetration, great
• Alliances to improve and
products
• “Snackification” create disruptive products
• Health & Wellness
• Innovation centers

• Consumer-driven
9
Agenda

Strengthening our Leadership in the Grain-Based Food Industry

Delivering Towards our Long-Term Strategy

Sustainability as Part of our DNA

10
 Driving Consistent Growth and Profitability
(1)(2) (2) (2)

in the Last 14 years

Net Sales US$7.4 Bn US$14.1 Bn US$19.8 Bn 2.7x

Adj. EBITDA US$0.9 Bn US$1.4 Bn US$2.7(3) Bn 3.1x
EAA EAA
4% 10%
Geographic Diversification NA 22% Mex 64% NA 48% Mex 36% NA 52% Mex 29%
(By Sales) Latam Latam Latam
14% 12% 9%
Countries 18 22 34 1.9x
Bakeries & Plants 83 167 214 2.6x

Points of Sale (mm) +1.8 +2.4 +3.3 1.9x

Baking Market Share(4) 2.0%(5) 3.1% 3.4% 1.4pp

Market Cap US$4.9 Bn US$13.0 Bn US$18.7 Bn 3.8x

CAPEX US$357 MM US$548 MM US$1.4 Bn 4.0x

(6)
Net Debt / Adj. EBITDA 2.7x(7) 3.1x(8) 1.5x (1.2x)

Relevant Acquisitions

Credit Ratings Upgrade to aa by Moody’s and 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 2022 of $20.10 Ps./US. (3) Figures
with IFRS 16: Adj. EBITDA includes MEPPs adjustment. (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
11
Canada Bread acquisition.
Grupo Bimbo Outperforms the Global CPG Industry
Strong growth without sacrificing profitability

2019-2022 Revenue CAGR (%) (1) 2019-2022 EBITDA Margin Variation

43 bps(2) (85 bps)(3) (388 bps)(3) 37 bps (260 bps)(3) (9 bps)(3) (173 bps)(3) (187 bps)

9.4%

6.8%
5.9%
5.2% 4.9% Avg. 4.7%(4)
4.3%
4.1%

2.0%

(5) (6) (7)

BIMBO Mondelez McCormick Flowers General Mills Campbells Kelloggs Kraft Heinz
____________
Foods
Source: Companies’ public fillings and CapIQ.
(1) Revenue as reported in companies’ public fillings. (2) Adj. EBITDA w/ IFRS16: Earnings before interests, taxes, depreciation, amortization and MEPPs. (3) EBITDA as calculated by CapIQ. (4) Average excluding Grupo Bimbo. (5) Converted
to US dollars using average FX rates for the periods of $19.28 Ps./US for 2019 and $20.10 Ps./US for 2022. (6) LTM information for the periods ending November for comparability purposes. (7) LTM information for the periods ending January 12
for comparability purposes.
High Growth Business Model Even in Challenging
Macro Environments
Mexico’s Global
COVID 19
Recession Financial Crisis
6.7x Mexico’s GDP
5.2x USA’s GDP

1980 (1) 1985 1990 1995 2000 2005 2010 2015 2020 2022

US$20.7 Bn(3) US$2.8 Bn(3)

CAGR: 7.9%(2) CAGR: 13.3%(2)

US$1.6 Bn(3)(4)
US$15.0 Bn(3) Includes
IFRS16

2018 2019 2020 2021 2022 LTM 1Q23 2018 2019 2020 2021 2022 LTM 1Q23

____________
Figures expressed in US Bn. 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 4.25-year period. (3) Converted to US dollars using average FX rates for the periods of $19.24 Ps./US for 2018 and $19.65 Ps./US for LTM figures 13
as of 1Q23. (4) 2018 Adj. EBITDA does not include the effect of IFRS16.
Highly Resilient Adjusted EBITDA Margin and Adjusted
(1)

EBITDA Margin Expansion Across Geographies

(1)

(1)

Favorable price and product/mix

LTM
Strong volume performance 2018(2) 2019 2020 2021 2022
1Q23

New manufacturing capabilities Grupo Bimbo 10.9% 13.0% 13.7% 14.0% 13.4% 13.5%

Increased scale
North America 9.0% 11.3% 12.9% 12.2% 11.0% 11.0%
Productivity investments driving
SG&A efficiencies
Mexico 18.2% 19.3% 18.3% 19.1% 17.9% 17.9%
Strategic acquisitions
LATAM 2.6% 2.2% 4.9% 7.0% 8.9% 9.5%
Distribution network optimization

Successful turnaround projects EAA 0.4% 6.3% 7.6% 7.9% 7.0% 7.3%

____________
Ricolino’s results have been removed for the year 2022. 14
(1) Adj. EBITDA: Earnings before interests, taxes, depreciation, amortization and MEPPs. (2) 2018 Adj. EBITDA does not include the effect of IFRS16.
 Strong and Consistent Cash Flow Generation
(1)

(US$)(2)
Capex (Exc. Acquisitions)
(2)

783mm 680mm 616 mm 1.0 Bn 1.4 Bn

2022 Key Figures (US$):
(1)
$4.0 Bn FCF: $715 mm
$3.3 Bn
(4)
CAPEX: $1.4 Bn
$2.4 Bn
(5)
Shareholders’ Return: $415 mm
$1.1 Bn

$324 mm

(3) (3) (3)

2018 2019 2020 2021 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 extraordinary dividend from the sale of Ricolino of Ps.$65 cents per 15
share, equivalent to Ps.$2.9 Bn, or US$146 mm.
Sustainable Growth with Proven Ability to Deleverage

(1)
Net Debt / Adj. EBITDA
3.1
(3)
(4)
3.0
2.9
(2)
2.7 2.7 2.7
2.6 2.6
2.4
2.2 (5)

2.0 1.9 2.0

1.9
(5)
1.7
1.5

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 LTM
1Q23

US$2.4 Bn US$709 mm CAD$1.8 Bn 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 mm or US$56 mm converted at the exchange rate of $18.92 Ps./US 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 16
Mondelēz International, Inc. for an enterprise value of Ps.$25.8 Bn.
Grupo Bimbo is a Premier Global Food Credit
Net Debt / LTM EBITDA (1Q23) (1)
1Q23 LTM Revenues (US$ Bn)

$20.7(2) $4.8 $9.2 $20.0 $26.5 $15.3 $32.9 $6.4

4.4
3.2 3.3 3.4
2.8 2.8 Avg. 3.2x(3)
2.1
1.7

(4) (5) (5) (5) (5) (5)

Grupo Flower Foods Campbell General Mills Kraft Heinz Kellogg Mondelez McCormick
Bimbo Soup

Credit Rating (Moody’s / S&P / Fitch)

Baa1 Baa2 Baa2 Baa2 Baa2 Baa2 Baa1 Baa2
BBB+ BBB BBB BBB BBB BBB BBB BBB
BBB+ BBB BBB n.a. BBB n.a. n.a. n.a.

____________
Source: Companies’ public fillings and CapIQ.
(1) Net debt / EBITDA as reported in companies’ public fillings except for Campbells, General Mills, Kellog’s, Mondelez, and McCormick for which it is not reported. Information of 2Q23 for Campbells and General Mills which are the nearest
data point to Bimbo’s 1Q23 for comparability purposes. (2) Converted to US dollars using an average FX rate for the period of 19.65 Ps./US. (3) Average excluding Grupo Bimbo. (4) Adj. EBITDA w/o IFRS16: Earnings before interests, taxes, 17
depreciation, amortization and MEPPs.; and excludes Ricolino. (5) EBITDA as calculated by CapIQ.
 Conservative Debt Profile and Significant Liquidity
Total Debt: US$5,111 mm(1) Currency Mix
(2)

Avg. Tenor: 12.6 years 5%

7%
Avg. Cost: 6.36%(2) USD
Net Debt / Adj. EBITDA: 1.7x(3) US$1.93 Bn in Undrawn MXN 46%
Ratings: BBB+/Baa1/BBB+ Sustainability-linked EUR
43%
S&P/Moody’s (4)/Fitch Committed Revolving CAD
Facility

Debt Profile 1Q23

Perpetual Notes called on April 17, 2023,

and currently financed through
477
US$856mm(5) of MXN bonds

800
532 650 560 585
532 498
426

2023 2024 2025 2026 2027 … 2044 … 2047 2048 2049 2050 2051
(6)
ST Bank Loans Hybrid USD Bonds MXN Bonds
____________
Notes: Figures as of March 31st, 2023, converted with FX rate of $18.1052 Ps./US. Amortization debt profile does not include US$91 mm of long-term debt at subsidiary level (maturities range 2024-2031). (1) Figure net of issuance costs US$40
mm; includes US$490 mm of debt at subsidiary level. (2) Considers derivatives, withholding tax and additional costs. (3) Adj. EBITDA w/o IFRS16. (4) Reflects Moody’s upgrade on April 24, 2023. (5) As of June 2, 2023. converted with FX rate of 18
$17.51 Ps./US. (6) Includes short term bank loans of US$133 mm at Grupo Bimbo level and US$399 mm at subsidiary level.
 Responsible Financial Management

Committed to a robust balance sheet Significant liquidity and financial

1Q23 Net leverage: 1.7x flexibility
1Q23 Cash & Equivalents: US$330 mm(1) US$1.93 Bn in committed revolving
credit facility

Efficient working capital management Focused on reinvesting, prioritizing

Ongoing efforts to continue improving long-term growth and profitability
working capital and value creation 2022 CAPEX: US$1.4 Bn(2)
initiatives
Conservative risk management policies aligned with
Corporate strategy
Hedging strategy for commodities and FX risks

Committed to strong investment grade

Baa1 BBB+ BBB+

Upgrade by 3 rating agencies in 1H23
____________
Notes: (1) Converted with FX rate of $19.65 Ps./US. (2) Converted with FX rate of $20.10 Ps./US. 19
Agenda

Strengthening our Leadership in the Grain-Based Food Industry

Delivering Towards our Long-Term Strategy

Sustainability as Part of our DNA

20
 BAKED FOR YOU
Enable Planetary Diets
With Nutritional Diversity

21
Our Carbon Emissions – Progress as of 2022

Scope 1 Scope 2 Scope 3

Represented Represented Represented
of our footprint of our footprint of our footprint

• 65% natural refrigerants • 85% of electricity consumed comes

• +5,000 vehicles with alternative fuel, of from renewable sources • +86,000 hectares with regenerative
which +2,500 are electric • Operations in 20 countries use 100% agriculture practices
• Energy efficiency actions reducing 2% renewable electricity • +300 suppliers joined the CDP(1)
of our Scope 1 emissions • 115 photovoltaic rooftops worldwide program
• Search for new technologies for fossil and over 100,000 solar panels installed • 91% recyclable, reusable or
fuel elimination • 82% reduction in Scope 2 emissions vs compostable packaging
2019 baseline • 92.5% of treated
water reused

____________
(1) Carbon Disclosure Project. 22
 Our Path to Net-Zero Carbon
2019 verified baseline
9.5 MtCO2e

2040 2050
100% Scope 1, 2 & 3
100% Scope 1 & 2
2030
50% Scope 1
2025 2027 - 28% Scope 3
100% Scope 2 (1)
- 17.5% Scope 3
2021 - 12.5% Scope 3
Public commitment
to reach net zero
carbon emissions
Regenerative Waste Low Carbon Clients’ carbon
agriculture Managment Supply footprint
• Represents 45% of • Promoting a • Working with key • Deliver our
Scope 3 emissions circular economy suppliers to products with
• Encouraging • Waste reduction reduce their the least
Renewable Energy Electric Installations
practices that in food, water and carbon footprint amount of CO2e

Scope 3
• 100% renewable • Chargers for electric improve soil health packaging
electricity worldwide vehicles, on-site
by 2025: wind, solar electricity generation, Forest Investments Zero Carbon Associates
Scope 2

Zero Carbon Elimination of

and others among others
Mobility Fossil Fuels Improvement 3PL Towards Zero
• Clean-energy • Transition to green Energy Storage and Energy Efficiency & • Carbon capture, • Allocated to • Mitigate Carbon Emissions
powered fuels within our water, savings, projects or emissions from • Evolving towards
Maintenance Sustainable buildings
Scope 1

vehicles bakeries biodiversity and funds with zero 3rd party logistic cleaner practices
• Use of battery • Intelligent systems to livelihood carbon vehicles like transportation
storage systems for measure and visualize enhancement emissions
Natural Innovation & New renewable energy consumption of
alternatives
Refrigerants Technologies electricity, water and
• With the lowest • Practices such as gas
global warming electric ovens and
index green hydrogen
burners
____________ 23
Years 2025 – 2050 include the reduction in emissions from the 2019 verified baseline of each scope
 Sustainable Financing Framework

KPIs for Sustainability Linked Bonds Green Eligible Project Categories

Green Buildings Circular Economy

Scope 1 Scope 2 Water Management

Renewable Energy
Scope used in 2023
CEBUR issuance
Clean Transportation Energy Efficiency
Scope 3 Reused Treated
Management of Living
Water Pollution Prevention
Natural Resources and
and Control
Land Use

Aligned with Best Practices and International Standards

24
Sustainability-Linked CEBUR: Leading with the Example
1st Scope 3-Only Issuance in LATAM
Largest Sustainability-Linked Corporate Bond in the Mexican Market

Goals Successful Ps$15,000 mm (~US$856 mm eq)(1) 3Y and 10Y SLBs

11

10
Issuer Grupo Bimbo, S.A.B. de C.V.

9 Guarantors Bimbo, S.A. de C.V., Bimbo Bakeries USA

MtCO2e

Rating AAA (Mex) / mxAAA

8 -17.5% vs.
2019 baseline Instrument CEBUREs
7 -28.0% vs.
2019 baseline Issue Date May 2023
-12.5% vs.
6 2019 baseline Format Sustainability-Linked Bonds

Ticket Bimbo 23-2L Bimbo 23L

5
2022 … 2025 … 2027 … 2030 Tenor 3 Years 10 Years
Verified 2019 base line of 8.021 MtCO2e
Amount (Ps$) $3,000 million $12,000 million

Coupon Type Floating Fixed

• Annual Reporting: Grupo Bimbo will publish
sustainability reports and keep readily available Coupon TIIE28D + 10 bps 9.24%
and easily accessible on the Grupo Bimbo website
SPT 2025: -12.5% Scope 3 GHG 2030: -28.0% Scope 3 GHG
• External Review: KPIs will be verified by a third Penalty / Step-up Principal + 0.20% Coupon + 0.25%
party on an annual basis
Observation Date December 31, 2025 December 30, 2030

____________
Source: Company Filings
(1) As of June 2, 2023. converted with FX of $17.51 Ps./US. 25
Appendix 1 - Leading Management Team with
Top-Notch Corporate Governance

Steering Committee Audit and Corporate 39% independent

28% women
Daniel Servitje CEO Finance and Planning
Diego Gaxiola CFO
Evaluation, Results and
Rafael Pamias COO Nominations
Mark Bendix Executive VP, GB
Fernando Lerdo de Tejada Executive VP, GB
• Changes in senior leadership team, consistent with the
Chief Information & • Grupo
succession Bimbo
plan and was included
long-term vision for the first time in
Raúl Obregón
Transformation Officer the Bloomberg Gender-Equality Index 2023
• Included in the Bloomberg Gender-Equality Index 2023
Juan Muldoon Chief People Officer
• “One of the World’s Most Ethical Companies in 2022” for
Miguel Ángel Espinoza President, Bimbo Mexico the 7th consecutive year, by Ethisphere Institute
Tony Gavin President, BBU • “Company with the Best Corporate Reputation in
Mexico”, for the 6th consecutive year, by Merco, and for
Alejandro Rodríguez President, Barcel
the 7th consecutive year, Daniel Servitje was named the
leader with the best reputation in the country

27
 Appendix 2 - Capital allocation strategy prioritizing
reinvestment in the Company
Shareholder’s
CAPEX Strategic M&A
Return

• Growth and expansion • Focus on transactions that: • Conservative dividend

• Complement our portfolio strategy
• Implementation of automation
solutions • Expand our presence • Flexibility in share buyback
• Expand our capabilities program with legal reserve
• Business continuity:
authorized for Ps.$15,200 mm
maintenance and quality • Drive our profitability
• Focus on the long term

$1.4

$1.0

$0.6

Paterna Medina

Avg. '13-'20 2021 2022 2018 2019 2020 2021 2022 2023
Capex in US$ Bn Acquisitions from 2018-2023
____________
Source: Company fillings sent to the Mexican Stock Exchange
Capex under IFRS. Converted to US dollars using average FX rates for the periods of $12.77 Ps./US for 2013, $13.30 Ps./US for 2014, $15.85 Ps./US for 2015, $18.66 Ps./US for 2016, $18.94 Ps./US for 2017, $19.24 Ps./US for 2018, $19.26 Ps./US for 2019, 28
$21.49 Ps./US. for 2020, $20.28 Ps./US for 2021, and $20.10 Ps./US for 2022.
Appendix 3 – Commitment and Progress Towards our
Sustainability Goals
2030 Goals Progress as of 2022 Our Contribution to SDG(1)
96% products for daily consumption fully complied with max levels established
Best Nutritional Profiles 100% simple and natural recipes in for nutrients to be limited according to internal nutritional guidelines.
BAKED FOR YOU

For All baking and snacks

35% of our sales come from products with ≥3.5 stars per the HSR(2) standard

Enabling Healthier Plant- 100% products will be part of a healthy 99% of our whole wheat bread and buns are part of a plant-forward diet
Based Diets plant-based diet 98% of our daily consumption portfolio is free of artificial flavors and colors
Transparent
Sustainable Brands 100% products with
Definition of key topics to communicate with the consumer
nutritional transparency

100% renewable electricity in 20 countries, globally 85% of the energy we use is

Achieve the science-based target
renewable
in line with a 1.5°C future
Net Zero Carbon Emissions +5,000 vehicles with alternative fuel, of which +2,500 are electric
Reduction of Co2 emissions vs. 2019:
Highest score by CDP for our actions to mitigate climate change effects
BAKED FOR NATURE

50% Scope 1 and 28% Scope 3

+100,000 solar panels and 115 photovoltaic rooftops installed worldwide

65 bakeries with zero waste to landfill

94% waste recycled globally
100% packaging supports a
Zero Waste 81% “War on Food Waste” initiative completed
circular economy
91% recyclable packaging
92.5% treated water is reused

Regenerative Agriculture 200,000 hectares of wheat farmed +86,000 hectares of wheat farmed in the US and Mexico

1 social impact project at least per +230 projects in Good Neighbor program
BAKED FOR

Strengthening Communities
work center +1M beneficiaries, supported by 205 work centers
LIFE

1.96 TRIR(3)
To create safe, healthy, diverse,
Caring For Our People 25 average training hours per associate
equitable and inclusive workplaces
26% of leadership positions are occupied by women
(4)
____________
29
(1) Sustainable Development Goals. (2) Health Star Rating System. (3) Total Recordable Incident Rate. (4) SDGs applicable to almost all pillars of our strategy.
Appendix 4 – Sustainability Framework Structure and
Roles
Executive Global Leadership Chief Sustainability Officer

Global Sustainability Team Head of Sustainability Sustainable Operations Management

Global Sustainability Performance

Global Champions Global Initiative Champion

Executive Local Leadership Regional Executive Committee

Local Sustainability Team Regional Sustainability Director

Local Champions Local Initiative Champion

Global Sustainability Team Global Champions Local Sustainability Team Local Champions
Setting the global strategic direction for Responsible for the effective deployment Setting the regional strategic direction for Managing and implementing the local
Sustainability at Grupo Bimbo. and implementation of the minimum Sustainability provided by Global. strategic initiatives and projects for the
Responsible for setting the global level of standards and requirements provided by respective focus area provided by Global.
Ensure that the region:
ambition, including minimum standards, the global sustainability team.
• Is tackling all key strategic areas
metrics, targets and parameters that all Responsible for collating and report all
and metrics Measuring regional sustainability
the global initiatives must comply with. performance metrics from the regions.
• Complies with all global mandated performance for the specific focus area,
And [arry] strategy adjustment.
Identify areas of opportunity, regions and submitting to the local Sustainability
requirements
Setting the governance models, provide and/or critical processes and provide Team and Global Champion
tools to facilitate the initiatives effective support to Local Champions Measuring regional sustainability
implementation and provide support to performance and submitting to the
Local Sustainability Teams and Global global team.
Champions. Managing regional governance
Manage the stakeholder needs model with regional champions
and communication. that is recommended by global.

30