Overview Key strengths Key risks Global geographic footprint, with presence in both developed and emerging markets. Persistent inflation on commodities, freight, and labor costs that could continue to pressure margins. Diversified portfolio with more than 10,000 products across various categories. Exposure to foreign-exchange rate could distort revenues and margins. Expertise in product innovation and differentiation to drive volume growth. A highly competitive and fragmented industry. Strong cash-flow generation. History of large debt-financed acquisitions that could result in integration risks and higher leverage. Robust liquidity and comfortable debt maturity profile. Changes in health and nutritional preferences may dent demand for the company's products. We revised upward our sales growth forecast for Bimbo to close to MXN395 billion in 2022, up about