GRUPO BIMBO REPORTS FIRST HALF 2016 RESULTS

GRUPO BIMBO REPORTS FIRST HALF 2016 RESULTS MEXICO CITY, JULY 26, 2016 Grupo Bimbo S.A.B. de C.V. ( Grupo Bimbo or the Company ) (BMV: BIMBO) today reported its results for the six months ended June 30, 2016. 1 6M HIGHLIGHTS Net sales rose 13.4% due to an FX rate benefit in and and solid organic growth in Adjusted EBITDA 2 margin expanded 110 basis points, reflecting margin improvement in most regions Gross margin expansion of 100 basis points was driven by lower raw material costs in and Net majority income grew 22.7%, with a 20 basis point expansion in the margin Operating income increased 32.8%, with a 100 basis point expansion in the margin, due to the aforementioned raw material benefit and, to a lesser extent, lower restructuring expenses 1 Figures included in this document are prepared in accordance with International Financial Reporting Standards (IFRS). 2 Operating Income plus depreciation, amortization and other non-cash items. 3 region includes operations in the United States and Canada. Investor relations www.grupobimbo.com/ri/ Tania Dib tania.dib@grupobimbo.com Estefanía Poucel estefania.poucel@grupobimbo.com (5255) 5268 6830 Diego Mondragón diego.mondragon@grupobimbo.com (5255) 5268 6789 1

NET SALES 16 15 % Change Net Sales 6M16 6M15 % Change 19,962 18,631 7.1 39,906 37,455 6.5 33,613 28,307 18.7 63,794 53,242 19.8 6,449 5,864 1 12,439 11,637 6.9 2,116 1,858 13.9 4,139 3,643 13.6 60,626 53,267 13.8 117,202 103,315 13.4 results exclude inter-company transactions. Cumulative net sales rose 13.4% reflecting growth in every region, primarily due to FX rates benefit and solid organic growth in. Net sales in rose 6.5% over the same period of 2015, driven by stronger volumes in all sales channels, most notably the modern. Outperforming brands in the period included Oroweat, Tia Rosa, Barcel and Marinela, and almost every category posted solid growth. Of particular note, the sweet baked goods category reversed its past trend and generated sales and volume growth in the second quarter, as a result of focused promotions and in-store execution. Net sales in peso terms grew 19.8% in the first half of the year largely as a result of the exchange rate benefit, while dollardenominated sales increased a slight 1%. Volume pressure in the private label bread category in the US and competitive pressure in the bread category in Canada more than offset sales growth in strategic brands, the frozen business and the snacks category in the US, and solid performance of the buns category in Canada. 18,824 19,944 18,631 19,962 24,935 30,181 28,307 33,613 2015 2016 2

The 6.9% rise in net sales reflected volume increases in several countries, particularly Brazil, despite a deceleration in the pace of growth in that country, as well as Peru and most of the Central America region. Challenging economic conditions and currency volatility in some markets such as Argentina and Uruguay put downward pressure in sales. Nonetheless, highlights in the period include a reduction in returns and new product launches such as Line Zero and Coconut bread in Brazil. Net sales rose 13.6% as a result of FX rate benefits, as volumes in Iberia remained soft due to competitive pressure and weak performance of the bread category, which more than offset healthy growth of new product launches. 5,774 5,990 5,864 6,449 1,785 2,023 1,858 2,116 2015 2016 GROSS PROFIT 16 15 % Change Gross Profit 6M16 6M15 % Change 11,391 10,765 5.8 22,613 21,560 4.9 18,068 14,489 24.7 33,780 26,844 25.8 2,868 2,626 9.2 5,596 5,226 7.1 924 781 18.3 1,778 1,534 15.9 32,977 28,391 16.2 63,224 54,625 15.7 3

16 15 Change pp Gross Margin (%) 6M16 6M15 Change pp 57.1 57.8 (0.7) 56.7 57.6 (0.9) 53.8 51.2 2.6 53.0 50.4 2.6 44.5 44.8 (0.3) 45.0 44.9 43.7 42.0 1.7 43.0 42.1 0.9 54.4 53.3 1.1 53.9 52.9 1.0 results exclude inter-company transactions. 5 54.4 gross profit in the first six months increased 15.7%, with a 100 basis point expansion in the margin to 53.9%. This expansion was on the back of lower raw material costs in and. 52.4 53.3 The margin contraction in and during the quarter reflected the impact of a stronger US dollar, as well as higher prices for certain commodities. 26,234 30,247 28,391 32,977 (% of net sales) PROFIT BEFORE OTHER INCOME AND EXPENSES 16 15 % Change Profit Before Other 6M16 6M15 % Change Income & Expenses 2,993 2,676 11.8 5,493 4,960 10.8 2,538 1,783 42.3 3,925 2,608 50.5 (194) (78) >100 (222) (143) 55.4 1 (52) NA (51) (72) (29.3) 5,555 4,425 25.5 9,568 7,557 26.6 4

16 15 Change pp Margin Before Other 6M16 6M15 Change pp Income & Expenses (%) 15.0 14.4 0.6 13.8 13.2 0.6 7.6 6.3 1.3 6.2 4.9 1.3 (3.0) (1.3) (1.7) (1.8) (1.2) (0.6) (2.8) 2.9 (1.2) (2.0) 0.8 9.2 8.3 0.9 8.2 7.3 0.9 results exclude inter-company transactions. 7.1 9.2 Profit before other income and expenses increased 26.6% in the period, with a 90 basis point expansion in the margin to 8.2%. This increase reflected lower distribution expenses in, arising from ongoing operating efficiencies, as well as a reduction in marketing expenses in and. 6.3 8.3 These factors were partially offset by higher distribution and the aforementioned increase in costs in, fundamentally the South American region, and an increase in marketing expenses in. 3,132 4,013 4,425 5,555 (% of net sales) OPERATING INCOME 16 15 % Change Operating Income 6M16 6M15 % Change 3,001 2,784 7.8 5,644 5,042 11.9 2,063 1,520 35.7 3,226 1,862 73.2 (352) (221) 59.5 (444) (333) 33.2 (38) (162) (76.3) (136) (200) (32.1) 4,861 3,989 21.9 8,714 6,564 32.8 5

16 15 Change pp Operating Margin (%) 6M16 6M15 Change pp 15.0 14.9 14.1 1 0.6 6.1 5.4 0.7 5.1 1.6 (5.5) (3.8) (1.7) (3.6) (2.9) (0.7) (1.8) (8.7) 6.9 (3.3) (5.5) 2.2 8.0 7.5 0.5 7.4 6.4 1.0 Regional results do not reflect inter-company royalties and consolidated results exclude inter-company transactions. Operating income rose 32.8% over the prior year, with a 100 basis point expansion in the margin to 7.4%, mainly reflecting the abovementioned gross margin benefit as well as lower restructuring expenses in the US and. These factors were partially offset by: i) higher integration and restructuring expenses in Canada due to the enterprise software migration process and investments in manufacturing efficiency; and ii) higher expenses in related to the retirement of fixed assets in Brazil, as well as integration-related expenses in Argentina arising from the frozen business acquisition. 6.8 5.1 8.0 7.5 2,575 3,853 3,989 4,861 (% of net sales) COMPREHENSIVE FINANCIAL RESULT Comprehensive financing resulted in a Ps. 2,478 million cost in the period, compared to Ps. 1,983 million in the first half of 2015, or Ps. 495 million higher. The increase reflects the incremental interest expense related to the change in the Mexican peso/us dollar FX rate, which increased the Mexican peso value of US dollar-denominated interest expenses. 974 1,252 1,009 1,226 6

NET MAJORITY INCOME 16 15 % Change Net Majority Income 6M16 6M15 % Change 1,906 1,729 10.2 3,189 2,600 22.7 16 15 Change pp Net Majority Margin (%) 6M16 6M15 Change pp 3.1 3.2 () 2.7 2.5 0.2 Net majority income rose 22.7%, with a 20 basis point expansion in the margin to 2.7%, attributable to solid operating performance, partially offset by a higher effective tax rate of 41.5%. This increase in the tax rate primarily reflected better earnings in the US, subject to a higher rate, as well as the cancellation of deferred income taxes due to losses in Brazil. It is expected that these factors will remain present for the rest of the year. 2.3 1.7 3.2 3.1 871 1,283 1,729 1,906 Earnings per share for the period totaled Ps. 0.68, compared to Ps. 0.55 in the prior year. (% of net sales) ADJUSTED EBITDA (OPERATING INCOME PLUS DEPRECIATION, AMORTIZATION AND OTHER NON-CASH ITEMS) 16 15 % Change Adj. EBITDA 6M16 6M15 % Change 3,495 3,255 7.4 6,605 5,986 10.3 3,254 2,446 33.0 5,527 3,717 48.7 (131) (4) >100 0 100 (99.6) 33 (112) NA 8 (105) NA 6,838 5,652 21.0 12,564 9,891 27.0 7

16 15 Change pp Adj. EBITDA 6M16 6M15 Change pp Margin (%) 17.5 17.5 16.6 16.0 0.6 9.7 8.6 1.1 8.7 7.0 1.7 (2.0) () (1.9) 0.9 (0.9) 1.6 (6.0) 7.6 0.2 (2.9) 3.1 11.3 10.6 0.7 10.7 9.6 1.1 Regional results do not reflect inter-company royalties and consolidated results exclude inter-company transactions. Adjusted EBITDA increased 27.0%, while the margin improved by 110 basis points to 10.7%. This was primarily due to the aforementioned improvements in operating performance in most regions. 1 8.5 11.3 10.6 4,239 5,726 5,652 6,838 (% of net sales) FINANCIAL STRUCTURE Total debt at June 30, 2016 was Ps. 74.0 billion, compared to Ps. 67.8 billion at December 31, 2015. The increase was primarily due to a 10% US dollar revaluation that increased the Mexican peso value of US dollar-denominated debt. Average debt maturity was 8.1 years with an average cost of 3.9%. Long-term debt comprised 96% of the total; 75% of the debt was denominated in US dollars, 24% in Canadian dollars and 1% in Euros. The total debt to adjusted EBITDA ratio was 2.8 times compared to 2.9 times at December 31, 2015. The net debt to adjusted EBITDA ratio was 2.7 times. 8

CONFERENCE CALL INFORMATION DIAL-IN A conference call will be held on Wednesday, July 27, 2016 at 11:00 am Eastern (10:00 am Central). To access the call, please dial: domestic US +1 (844) 839 2191, international +1 (412) 317 2519; conference ID: GRUPO BIMBO. WEBCAST A webcast for this call can also be accessed at Grupo Bimbo s website: www.grupobimbo.com/ir/. REPLAY A replay will be available for 7 days after the event. You can access the replay through Grupo Bimbo s website www.grupobimbo.com/ir/ or by dialing: domestic US +1 (877) 344 7529, international +1 (412) 317 0088; conference ID: 10088799. ABOUT GRUPO BIMBO Grupo Bimbo is the largest baking company in the world, in terms of volume and sales. Grupo Bimbo has 163 plants and approximately 1,600 sales centers strategically located in 22 countries throughout the Americas, and Asia. Its main product lines include fresh and frozen sliced bread, buns, cookies, snack cakes, english muffins, bagels, pre-packaged foods, tortillas, salted snacks and confectionery products, among others. Grupo Bimbo produces over 10,000 products and has one of the largest direct distribution networks in the world, with more than 2.6 million points of sale, over 53,000 routes and more than 128,000 associates. Grupo Bimbo s shares have traded on the Mexican Stock Exchange since 1980 under the ticker symbol BIMBO. Note on Forward-Looking Statements This announcement contains certain statements regarding the expected financial and operating performance of Grupo Bimbo, S.A.B. de C.V., which are based on current financial information, operating levels, and market conditions, as well as on estimations of the Board of Directors of the Company related to possible future events. The results of the Company may differ in regards with those expressed on these statements, due to different factors that are beyond the Company s control, such as: adjustments in price levels, variations in the costs of its raw materials, changes in laws and regulations, or economic or political conditions not foreseen in the countries where the Company operates. Therefore, the Company is not responsible for such differences in the information and suggests that readers review such statements prudently. Moreover, the Company will not undertake any obligation to publicly release any revisions to the statements due to variations of such factors after the date of this press release. 9

CONSOLIDATED INCOME STATEMENT NET SALES MEXICO NORTH AMERICA EUROPE LATIN AMERICA % ACCUM % % ACCUM % 53,267 18,631 28,307 1,858 5,864 10 35.0 53.1 11.0 103,315 37,455 53,242 3,643 11,637 10 36.3 51.5 11.3 60,626 19,962 33,613 2,116 6,449 10 32.9 55.4 10.6 117,202 39,906 63,794 4,139 12,439 10 34.0 54.4 10.6 COST OF GOODS SOLD 24,877 46.7 48,690 47.1 27,649 45.6 53,978 46.1 GROSS PROFIT MEXICO NORTH AMERICA EUROPE LATIN AMERICA 28,391 10,765 14,489 781 2,626 53.3 57.8 51.2 42.0 44.8 54,625 21,560 26,844 1,534 5,226 52.9 57.6 50.4 42.1 44.9 32,977 11,391 18,068 924 2,868 54.4 57.1 53.8 43.7 44.5 63,224 22,613 33,780 1,778 5,596 53.9 56.7 53.0 43.0 45.0 OPERATING EXPENSES 23,965 45.0 47,068 45.6 27,421 45.2 53,656 45.8 PROFIT (LOSS) BEFORE OTHER INCOME (EXPENSES), NET MEXICO NORTH AMERICA EUROPE LATIN AMERICA 4,425 2,676 1,783 (52) (78) 8.3 14.4 6.3 (2.8) (1.3) 7,557 4,960 2,608 (72) (143) 7.3 13.2 4.9 (2.0) (1.2) 5,555 2,993 2,538 1 (194) 9.2 15.0 7.6 (3.0) 9,568 5,493 3,925 (51) (222) 8.2 13.8 6.2 (1.2) (1.8) OTHER (EXPENSES) INCOME NET (437) (0.8) (994) (1.0) (694) (1.1) (854) (0.7) OPERATING PROFIT MEXICO NORTH AMERICA EUROPE LATIN AMERICA 3,989 2,784 1,520 (162) (221) 7.5 14.9 5.4 (8.7) (3.8) 6,564 5,042 1,862 (200) (333) 6.4 1 (5.5) (2.9) 4,861 3,001 2,063 (38) (352) 8.0 15.0 6.1 (1.8) (5.5) 8,714 5,644 3,226 (136) (444) 7.4 14.1 5.1 (3.3) (3.6) INTEGRAL COST OF FINANCING INTEREST PAID (NET) (EXCHANGE) GAIN LOSS MONETARY (GAIN) LOSS (1,009) (1,038) (1) 30 (1.9) (1.9) () (1,983) (2,048) 3 62 (1.9) (2.0) (1,226) (1,264) 15 22 (2.0) (2.1) (2,478) (2,509) (27) 58 (2.1) (2.1) () EQUITY IN RESULTS OF ASSOCIATED COMPANIES EXTRAORDINARY CHARGES (6) 0 () (14) 0 () 39 0 45 0 INCOME BEFORE TAXES 2,973 5.6 4,566 4.4 3,674 6.1 6,281 5.4 INCOME TAXES NET INCOME 1,033 1,940 1.9 3.6 1,621 2,946 1.6 2.9 1,553 2,121 2.6 2,609 3,673 2.2 3.1 NET MINORITY INCOME 211 0.4 346 0.3 215 0.4 483 0.4 NET MAJORITY INCOME 1,729 3.2 2,600 2.5 1,906 3.1 3,189 2.7 ADJUSTED EBITDA MEXICO NORTH AMERICA EUROPE LATIN AMERICA 5,652 3,255 2,446 (112) (4) 10.6 17.5 8.6 (6.0) () 9,891 5,986 3,717 (105) 100 9.6 16.0 7.0 (2.9) 0.9 6,838 3,495 3,254 33 (131) 11.3 17.5 9.7 1.6 (2.0) 12,564 6,605 5,527 8 0 10.7 16.6 8.7 0.2 Regional results do not reflect royalties, while consolidated results exclude inter-company transactions. 10

BALANCE SHEET TOTAL ASSETS CURRENT ASSETS Cash and cash equivalents Accounts and notes receivables, net Inventories Other current assets 2015 DEC 199,633 32,131 3,825 19,036 5,509 3,761 2016 JUN 219,827 % 1 35,961 11.9 4,631 21.1 22,420 17.8 6,487 17.7 2,422 (35.6) Property, machinery and equipment, net 58,073 64,337 10.8 Intangible Assets and Deferred Charges, net and Investment in Shares of Associated Companies 94,427 103,784 9.9 Other Assets 15,001 15,745 5.0 TOTAL LIABILITIES 137,774 149,901 8.8 CURRENT LIABILITIES Trade Accounts Payable Short-term Debt Other Current Liabilities Long-term Debt Other Long-term Non Financial Liabilities STOCKHOLDER S EQUITY Minority Stockholder s Equity Majority Stockholder s Equity 43,038 13,547 8,282 21,209 59,479 35,257 61,858 2,904 58,955 39,790 (7.5) 13,648 0.7 2,717 (67.2) 23,425 10.4 71,247 38,865 69,925 3,127 66,798 19.8 10.2 13.0 7.7 13.3 NET INCOME Net cash flow from operating activities Net cash flow from investing activities Net cash flow from financing activities STATE OF CASH FLOW (INDIRECT METHOD) 2015 JUN 2,946 7,647 (4,670) (2,244) 2016 JUN 3,673 9,560 (4,583) (4,470) NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS, BEFORE EXCHANGE RATE Effect of exchange rate variations on cash and cash equivalents 733 208 508 298 NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS Cash and cash equivalents at the beginning of the period 941 2,571 806 3,825 CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD 3,512 4,631 11