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Grupo Bimbo, S.A.B. de C.V. (GRBMF) Q3 2023 Earnings Conference Call Transcript

Grupo Bimbo, S.A.B. de C.V. (OTCPK:GRBMF) Q3 2023 Earnings Conference Call October 26, 2023 7:00 PM ET

Company Participants

Rafael Pamias – COO

Diego Gaxiola – CFO

Mark Bendix – EVP

Conference Call Participants

Fernando Olvera – Bank of America Merrill Lynch

Ricardo Alves – Morgan Stanley

Ben Theurer – Barclays

Felipe Ucros – Scotiabank

Alvero Garcia – BTG

Alan Alanis – Santander

Lucas Ferreira – JP Morgan

Operator

Good day, and welcome to the Grupo Bimbo’s Third Quarter 2023 Results Conference Call. If you need a copy of the press release issued yesterday, it is available on the Company’s website @www.grupobimbo.com.

Before we begin, I would like to remind you that this call is being recorded, and that the information discussed today may include forward-looking statements regarding the Company’s financial and operating performance. All projections are subject to risks and uncertainties and actual results may differ materially. Please refer to the detailed note in the company’s press release regarding forward-looking statements.

I would now like to turn the conference over to Mr. Rafael Pamias, Chief Operating Officer of Grupo Bimbo. Please go ahead, sir.

Rafael Pamias

Yes, good afternoon, everyone. Thank you for joining us. Connected on the line today is our CFO, Diego Gaxiola, Mark Bendix, Executive Vice President; and several members of our finance team. Unfortunately, Daniel is unable to join us today, but I will try to communicate the message the best way I can.

Before presenting the company’s financial results, I would like to express on behalf of myself and all Grupo Bimbo’s associates our deepest solidarity with the people from the state of Guerrero, who is currently facing an extremely difficult situation after the impact of Category 5, Hurricane Otis on the Mexican pacific coast, which has severely affected the city of Acapulco and its surrounding regions.

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