Overview Key strengths Key risks Global geographic footprint, with presence in both mature and emerging markets. Highly competitive and fragmented industry Diversified portfolio with more than 13,000 products across various categories. Exposure to foreign exchange rate could distort revenues and margins. Extensive manufacturing and distribution network with advanced technology. Rising cost environment, particularly for commodities, freight, and labor that could pressure margins. Expertise in product innovation and differentiation to drive volume growth. History of large debt-financed acquisitions that could result in integration risks and higher leverage. Strong liquidity and comfortable debt maturity profile Changes in health and nutritional preferences may result in lower demand for the company's products. Bimbo's 2020 record sales is a difficult comparison, given the pandemic's disruption