3Q23 Corporate Presentation

Corporate Presentation 3Q23

Content

Sigma at Glance

Into the Future Financial Performance ESG Public Information

Sigma as part of ALFA

Petrochemicals

#1 in the production of PTA, PET and EPS in the Americas

51% of Alfa Revenues ¹ 59% of Alfa EBITDA ¹

Food Products

11 Portfolio brands sell more than US $100 Million a year, each (1) YTD in USD; ALFA and Subsidiaries

Investment Highlights

• Diverse portfolio of leading brands across categories and consumer segments • Proprietary R&D platform to drive Product Innovation and generate consumer knowledge

• Extensive supply chain and distribution network with access to 680K+ points of sales • Balanced Culture: results driven and human-centered • Global Growth Business Unit with attractive upside opportunity • Experienced management team with average tenure of 23 years

Multinational Presence, Local Favorites

17

100+

680K+

1.7M

US $8.3B

23y

Countries

Brands

Points of Sale

Tons of Food / Year

Net Sales LTM

Average Mgmt.

Team Experience

Bringing communities everywhere, favorite foods to love.

U.S. 18%

Europe 28%

Mexico 47%

Cooked & Fresh Meats 56%

Dairy 24%

Dry Meats 14%

Other 6%

LatAm 7% Revenues LTM

US $8.3B EBITDA LTM

US $831M *Revenues LTM distribution by region and Category

Leading brands across markets, categories and consumer segments

100+ Brands

11 Brands with Net Sales over US $100M. * Yoplait is licensed by third party

Leading brands across categories and consumer segments Our broad portfolio helps us capture demand and top line growth across different market segments Packaged Meats

Fresh Meat

Cheese, Creams & Spreads

Yogurt

Others

Premium High *

Middle

Value

Low-cost

12% of our revenues come from licensed brands* * Includes the distribution of recognized third party brands such as Yoplait®, Oscar Mayer, Grill Mates among others

Multiple channels to reach consumers

Modern

Traditional

Foodservice

E-commerce

A unique story of transformation: Growth + Profitability Net Sales (US$ B)

Countries

Facilities

Employees

Europe U.S.

National Leadership

2000

$0.8

4

8

2010

12,500+

Cooked Meats Dry Meats

98%

9

34

5%

29,000+

15%

32% 63%

76%

7%

$7.4

18

64

Dairy Other

74%

9%

Glocality 2022

Mexico Latam

25%

International Expansion

$2.6

Net sales breakdown By geography By category

44,000+

7%

19%

21% 45%

29%

57% 15%

Extensive supply chain and distribution network 64 Manufacturing Facilities

Mexico

24 119 375K+ 6,000+

Europe

179 Distribution Centers

20 13 53k+ 990+

USA

8 16 164K+ 100+

680K+ Points of Sale

LATAM

12 31 95K+ 880+

Consumer centric innovation supported by proprietary R&D platform Consumer Research 180,000+ Contacts / year Proprietary Mathematical Models Iterative innovation process based on Design Thinking 1,800+ New Product Launches in the last 36 months

9% of Revenue comes from innovations Research and Development (R&D) 2 Technological Centers (Mexico & Spain) 200+ Specialists 40 Patents & IP

Diverse Workforce

60+

46,000+

Nationalities

Employees 59% 41%

63%

16%

8%

13%

M&A Track Record 31 successful M&A transactions since 1997.

• Experienced, dedicated team with strong track record.

• Significant value creation through synergies and postmerger integration process.

• Financial discipline and accelerated deleveraging capacity.

•

Organic growth Commercial Alliance M&A

Experienced Management Team Proven top management with an average of 23 years of experience across business areas CEO Rodrigo Fernández Sigma CEO MBA Wharton

24

Business Units Eugenio Caballero

Ricardo Doehner

CEO Mexico MBA Harvard

Jesús Lobo

CEO Europe MBA Michigan 21

Sergio Ramos

CEO USA MBA Cornell University 19

26

Gerardo Carcoba

CEO Latin America MBA University of Texas at Austin

CEO Foodservice MBA DUXX

21

35

Central Functions Roberto Olivares

Gregorio de Haene

CFO – Finance MBA Duke

15 Years in the company

Beatriz Patrón

CRISO - Research, Innovation CTCO – Talent & Culture and Sustainability MBA IPADE MBA ITESM 41

17

Alejandro Suárez

CIO – Information Technology Master in Operations Research George Washington University 31

Daniel Alanis

CGO - Growth MBA & Msc. University of Michigan 2

Advisory Board Member Type

Member

Background

María Teresa Arnal*

Entrepreneur; 25+ years of experience in tech (Google, Twitter & Microsoft)

Diego Calderón

Proprietary Independent

María Eugenia Casar* Former Assistant Executive Director - The World Food Program, UN 23%

62%

15%

Independent Proprietary Independent Related Proprietary

* Independent member

Juan Enriquez*

Chairman and CEO - Biotechonomy, LLC

Álvaro Fernández

President - ALFA

Armando Garza

Chairman of the Board of Directors - ALFA

Brenda Garza

Proprietary Independent

Ángel Losada*

Executive President and Chairman - Grupo Gigante

Eduardo Padilla*

Former CEO - FEMSA

Anthony Pralle*

Former Partner and Managing Director – BCG, Consumer and Operations in Spain

Alejandro Ruiz

Proprietary Independent

Ricardo Saldívar*

Former CEO and President - Home Depot Mexico

Silvia Sonneveld*

SVP Corporate and Nutrition Strategy - DSM

Content

Sigma at Glance

Into the Future Financial Performance ESG Public Information

Into the Future Mid-to-high single-digit EBITDA target organic growth, boosted by M&A opportunities Going forward, we are focusing on 3 pillars:

Growing the core Consumer Insights, Execution and Optimization

New sources of revenue High Potential Opportunities Global New Categories and Business Models

Strengthening the organization through enablers Improve the way we think, work and interact

Grow the Core Through the years we have developed a successful business that we continue to strengthen through: • Deep consumer knowledge, innovation, and brand equity to exceed changing consumers’ needs.

• Execution with excellence and efficiency to deliver a winning value proposition.

• Margin Expansion based on revenue growth, costsaving initiatives, portfolio optimization, and leveraging on scale.

Margin Expansion in Europe Footprint Optimization

• • • •

Increase capacity utilization Restructure end-to-end supply chain Remove less-profitable SKUs Flexibility through technology substitution

• • • •

Strategic Initiatives

International Business Unit (IBU)

Adjacent categories and white-spaces New channels Snacking and Plant-Based Leverage existing capabilities

• Focus on high-margin markets • Tailored products as a winning proposition

New Sources of Revenue: High Potential Opportunities Cross-fertilization to attend high-valueopportunities identified in each region: • Chorizos, Spreads, etc.

• Lunch Meats, Sausages, Foodservice, etc.

• Traditional Channel, Foodservice, etc.

• Ready Meals, Dry Sausages, Fresh Meat

New Sources of Revenue: Growth Business Unit

What is Growth BU? Independent BU focused on building new categories and business models. Autonomous to ensure flexibility, and with access to Sigma´s capabilities.

• Cross-functional global team + local champions • Rapid iteration; low-cost experiments • Leveraging internal and external resources • Reward productive failures • Entrepreneurial and Agile skills • Linked to startup ecosystem

Growth BU | Initiatives Global Categories

New Business Models

Entrepreneurial Ecosystem Smart Manufacturing Future Foods Power Connections Green Tech

Our Strategy

Strengthening the organization through enablers Innovation

The way we

Anticipating consumer’s wants and needs

Impeccable Management

Entrepreneurship

think

Focus on the essential, foster early discussions and solve for root causes

Generate, vet, pilot & scale new business models

Agile

Essential Behaviors

Speed and flexibility when facing challenges

Build conscious, aligned and integrated teams

The way we

work Redirect Resources

Talent

Driving efficiency initiatives Processes People Organization

Right talent working in the right place

Sustainability Advance the integration of ESG criteria to everyday decision-making

The way we

interact

Content

Sigma at Glance

Into the Future Financial Performance ESG Public Information

3Q23 Highlights US $ Millions  Record quarterly consolidated Volume and Revenues. Tenth consecutive quarter of

year-on-year Revenue growth

Sigma

Revenue

EBITDA

+18%

+68%

 Record quarterly EBITDA, up 68% year-on-year, boosted by double-digit growth in

all regions vs 2.8 times in 2Q23  Record quarterly Revenue and EBITDA, driven by solid demand, Foodservice Channel

results, and the appreciation of the Mexican Peso

Mexico

 All-time high quarterly volume boosted by growth across all categories and channels

 3Q23 Foodservice Channel Revenue and EBITDA up 30% and 42% year-over-year,

respectively  Record quarterly Volume and Revenue, up 8% and 14% year-over-year, respectively  3Q23 EBITDA up 61%, primarily driven by Hispanic Brands and the Los Altos

U.S.

1,879

18%

18%

7%

5%

19% 27%

151 7%

18% 6%

29%

acquisition

72% 48%

69%

3Q23

3Q22

3Q23

EBITDA Margin 8.1%

11.5%

45%

 Divested all operations in Italy to optimize Sigma’s footprint and enhance

profitability in the region, driving year-over-year growth in 3Q23 EBITDA  Quarterly EBITDA growth versus 3Q22 also driven by improving results on the Fresh

Meats business

Latam

5%

7%

 Ramp-up of new production lines at the recently acquired Iowa plant, and

completion of the 100-day post-merger integration of Los Altos Foods, with betterthan-expected results  Quarterly Revenue up 9% year-over-year driven by pricing actions to mitigate sustained inflationary pressures

Europe

255

2,209

 Sustained improvement of Net Debt to EBITDA Ratio; 2.5 times at the close of 3Q23

 All-time high third quarter Revenue and EBITDA, mainly driven by improvements in

Costa Rica and Ecuador

3Q22

Mexico

Europe

U.S.

Latam

Quarterly Volume Volume (K Tons)

Volume 3Q23 vs 3Q22 (K Tons)

+10% -11% +8% +2% 424

445

439 432 427

448 456

1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23

33

Volume 3Q23 vs 2Q23 (K Tons)

+3%

-1% +1%

3%

Quarterly Revenues Revenues (US $ Million)

Revenues 3Q23 vs 3Q22 (US $ Million) 2,143 2,209

1,870 1,879

1,964 1,991

1,711

1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23

34

+26% +9% +14% +9%

Revenues 3Q23 vs 2Q23 (US $ Million)

+5%

-1% +4% +1%

Quarterly EBITDA EBITDA (US $ Million)

EBITDA 3Q23 vs 3Q22 (US $ Million)

255

+77% +52% +61% +16%

217 192 161

172 151

167

1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23

*Includes the non-recurring expense of a major restructure in the region (US $12 M) during 2Q23 35

EBITDA 3Q23 vs 2Q23 (US $ Million)

+13% -224% -16% +5% *

Quarterly EBTIDA Margins EBITDA Margins (%)

EBITDA Margins (%)

16.2 13.0 13.2 12.7 11.5 9.4

9.2

8.1

8.5

9.6

9.5

10.1

10.5

8.7

2.0

13.6

12.4 11.2 11.2 7.8

8.8

2.5

1.6

8.0

2.3

2Q22

3Q22

4Q22

1Q23

2Q23

3Q23

1Q22

2Q22

Mexico

36

*Excludes the non-recurring expense of a major restructure in the region (US $12 M)

3Q22

11.0

8.2

8.5

2.2 0.2*

1.6 1Q22

13.6

12.0

9.3

17.4

4Q22

Europe

1Q23

U.S.

2Q23

3Q23

LatAm

Change in Net Debt Change in Net Debt 3Q23 vs 2Q23 (US $ Million)

2Q23

37

EBITDA

NWC

CAPEX

Net Financial Expenses

Taxes

Dividends

Other Sources

3Q23

Change in Net Debt Change in Net Debt 3Q23 vs 3Q22 (US $ Million)

*

3Q22

38

EBITDA

NWC

CAPEX

Net Financial Expenses

Taxes

* Sigma made the decision to voluntarily abandon the optional tax regime; payment of the income tax was made during 2Q23 for the year 2022.

Dividends

Other Sources

3Q23

Capital Expenditures (Capex) Capex

México Mexico

69% 78%

75%

72%

72%

Europa Europe

67%

63%

68%

75%

70%

33%

37%

32%

25%

30%

82%

86%

78%

76%

18%

14%

22%

24%

89%

11%

2019 2020 2021 2022 9M23

2019 2020 2021 2022 9M23

EE.UU. U.S.

Latam Latam

31% 22% 2019

25% 2020 Strategic

28% 2021

28% 2022

Maintenance

9M23

100%

89%

78%

11%

22%

54%

46%

49%

51%

2019 2020 2021 2022 9M23

85%

85%

15%

15%

67% 33%

83%

84%

17%

16%

2019 2020 2021 2022 9M23

Financial Results US $ Million

Volume

Revenue

EBITDA

(K Tons)

(US $ Million)

(US $ Million)

639 716

663 676 684

703 684

652

525 470 395

3,820 3,443 3,308 2,615

308

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 LTM

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 LTM

897

7,425 6,817 6,463 6,336 6,347 5,901 6,054 5,698 5,359

741

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 LTM

1,445 1,304 1,142 1,105

831

160

8,307

1,763 1,701 1,720 1,754 1,740 1,756 1,678 1,705 1,668

Non-recurring gains*

*EBITDA excludes US$ 160 million from property damage insurance compensation

Cost and Expense Structure LTM Costs of Goods Sold (COGS) (US $ Million)

2% 5%

Selling, General and Administrative Expenses (SG&A) (US $ Million)

8%

7%

Meat and Dairy Raw Materials Dry Ingredients

8%

Direct Labor

21%

Selling

Trade Products

8%

57% 12%

Administrative

Packaging Energy (Fuel, electricity, etc) Other

COGS: • Meat and Dairy raw materials – Pork, Turkey, Chicken, Beef, Milk Class III, Block Cheddar Cheese, NFDM, etc.

• Dry Ingredients – Seasonings and other non-meat or dairy raw materials • Trade Products – Product purchases distributed in the Traditional and Foodservice channels.

• Packaging – Plastic Film, Labels, Capsules, Bottles , Lids , etc.

• Direct Labor – Compensation directly related to food production.

• Energy – Fuel, Electricity , Gas, etc.

• Others –Depreciation, Maintenance, etc.

SG&A: • Selling – Distribution, marketing, wages, sales commissions • Administrative – Wages, rents, utilities • General – Other minor expenses

General

72%

Leverage Ratios

1,936 1,859 1,994

Gross Debt / EBITDA**

Net Debt / EBITDA**

Net Debt

2,045 1,756 1,691 1,782

2017 2018 2019 2020 2021 2022 3Q23

3.8x 2.9x 2.7x 2.8x

2.6x

2.3x

2.7x 2.5x

2017 2018 2019 2020 2021 2022 3Q23

S&P Ratings´ methodology sets a cap at the parent company rating level. Sigma's stand-alone credit profile is ‘bbb’. ** *EBITDA excludes US$ 160 million from property damage insurance compensation

3.6x 3.6x

3.8x

3.4x

3.8x 3.1x

2017 2018 2019 2020 2021 2022 3Q23

Debt Profile Average life: 2.4 years Average rate: 5.74 % (including CCS)

Debt Mix (Including CCS)

Debt Maturity Schedule (US $Million)

Cash Mix

10% 480

26% 552

19%

44%

37%

635 520 *

500

30%

34%

199

Cash

2023

2024

1

1

2025

2026

1

75

2027

*US $520 million MXN-USD Cross Currency Swap (CCS) agreement for 2026.

Does not include US $186 million mainly from financial leases, notes payables, and accrued interest.

1

2028

MXN

USD

EUR

OTHER

Outstanding Bonds

2024 2026

Bond

Amount (US $ M)

Rate

YTM

Maturity Date

2024

€640

2.625%

5.168%

Feb - 2024

2026

$1,000

5.125%

6.347%

May - 2026

2028

$500

4.875%

6.068%

Mar - 2028

*Credit Rating capped at parent company level per S&P’s methodology. Sigma´s Stand Alone Credit Profile is ‘bbb’

sep/23

jul/23

ago/23

jun/23

may/23

abr/23

feb/23

mar/23

ene/23

dic/22

nov/22

oct/22

sep/22

ago/22

jul/22

jun/22

abr/22

may/22

mar/22

feb/22

ene/22

dic/21

nov/21

oct/21

sep/21

ago/21

jul/21

jun/21

may/21

2028 abr/21

120 110 100 90 80 70 60 50 40

BBB- *

BBB

Baa3

Outlook: Stable

Outlook: Stable

Outlook: Stable

Dividends Paid Dividends (US $ Million) 155

151

150

152

120 75

17

18

19

20

21

22

In 2020 no dividends were paid. The graph shows the approved amounts for each year.

23

Quarter

Amount (US $ Million)

1Q23

0

2Q23

75

3Q23

0

Income Statement (Thousands of pesos) III Quarter 23 III Quarter 22

(Thousands of U.S. Dollars) III Quarter 23 III Quarter 22

Revenue Cost of sales Gross profit

37,675,657 (26,071,510) 11,604,147

38,025,114 (28,642,644) 9,382,470

2,208,903 (1,528,628) 680,275

1,878,911 (1,415,354) 463,557

Selling expenses Administrative expenses Other income (expenses), net Operating profit

(6,354,649) (1,872,109) (2,013,047) 1,364,342

(5,830,571) (1,517,743) 17,773 2,051,929

(372,521) (109,768) (118,756) 79,230

(288,081) (75,010) 869 101,335

Financial Income Financial expenses Gain (loss) due to exchange fluctuation, net Profit before income tax

111,883 (880,177) (634,684) (38,636)

83,321 (647,518) 98,507 1,586,239

6,553 (51,575) (37,511) (3,303)

4,119 (31,986) 4,813 78,281

Income tax Net consolidated profit

(578,874) (617,510)

(694,774) 891,465

(34,172) (37,475)

(34,391) 43,890

(618,985)

891,465

(37,563)

43,890

1,475

0

88

0

Profit (loss) attributable to: Controlling interest Non-controlling interest

Balance Sheet (Thousands of pesos) Sep '23 ASSETS CURRENT ASSETS: Cash and cash equivalents Restricted cash

(Thousands of U.S. Dollars) Sep '23 (1) Sep '22 (2)

9,724,319 6,500

14,187,750 6,500

Customers and other accounts receivables, net Income tax recoverable Inventories Other current assets Derivative financial instruments Total current assets

9,492,076 549,976 16,651,767 2,804,254 173,522 39,402,414

8,724,946 437,820 19,138,313 3,028,494 10,224 45,534,047

538,726 429,678 31,214 21,561 945,076 942,505 159,156 149,144 9,848 503 2,236,296 2,242,415

NON-CURRENT ASSETS: Property, plant and equipment, net Intangible assets, net Right-of-use asset, net Goodwill Deferred income tax Derivative financial instruments

28,512,560 11,235,456 2,497,336 12,461,328 2,236,426 365,948

29,771,792 12,687,355 1,846,658 12,307,546 2,118,237 557,481

1,618,239 1,466,172 637,672 624,815 141,737 90,942 707,246 606,110 126,929 104,317 20,770 27,454

Investments in associates and joint ventures Other non-current assets Restricted cash Total non-current assets

117,700 173,824 0 57,600,578

137,225 126,780 6,500 59,559,574

6,680 6,758 9,865 6,244 0 320 3,269,138 2,933,132

97,002,992

105,093,621

5,505,434 5,175,547

Total assets (1) (2)

Sep '22

551,907 369

698,704 320

LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Current debt Accrued interest payable Financial Leases Suppliers and Other Accounts Payables Income tax payable Provisions Derivative financial instruments Other current liabilities Total current liabilities

11,190,120 579,600 392,943 24,849,444 1,902,279 181,366 1,493,524 2,513,382 43,102,658

0 611,777 460,991 28,016,242 581,491 66,084 484,241 2,645,538 32,866,364

635,099 0 32,895 30,128 22,302 22,702 1,410,338 1,379,716 107,964 28,637 10,293 3,254 84,765 23,847 142,648 130,285 2,446,304 1,618,569

31,107,152 42,956 2,247,250 3,019,821 1,653,589 6,574 0 167,577 49,662 38,294,581

45,641,712 241,770 1,539,902 3,853,433 1,343,484 73,459 1,048,584 0 35,129 53,777,473

1,765,496 2,247,718 2,438 11,906 127,543 75,836 171,391 189,770 93,850 66,163 373 3,618 0 51,640 9,511 0 2,819 1,730 2,173,421 2,648,381

Total liabilities

81,397,239

86,643,837

4,619,725 4,266,950

STOCKHOLDERS' EQUITY Total controlling interest: Total non-controlling interest: Total stockholders' equity Total liabilities and stockholders' equity

15,543,606 62,147 15,605,753 97,002,992

18,449,784 0 18,449,784 105,093,621

882,182 908,597 3,527 0 885,709 908,597 5,505,434 5,175,547

NON-CURRENT LIABILITIES: Non-current debt Notes payables Financial Leases Deferred income taxes Employees benefits Provisions Income tax payable Derivative financial instruments Other non-current liabilities Total non-current liabilities

Translated into U.S. Dollars, solely for the convenience of the reader, using an exchange rate of Ps. 17.6195 per U.S. Dollar, the exchange rate published by the Mexican Central Bank for payment of obligations denominated in U.S. dollars on September 30, 2023 Translated into U.S. Dollars, solely for the convenience of the reader, using an exchange rate of Ps. 20.3058 per U.S. Dollar, the exchange rate published by the Mexican Central Bank for payment of obligations denominated in U.S. dollars on September 30, 2022

Cash Flow

(Thousands of pesos) III Quarter 23 III Quarter 22 CASH FLOW FROM OPERATING ACTIVITIES Profit before income tax Depreciation and amortization Impairment of fixed assets and intangible assets Costs associated with seniority premiums and pension plans Gain on sale of property, plant and equipment Financial cost, net Foreign exchange, net (Increase) Decrease in customers and other accounts receivable (Increase) decrease in inventories Increase (decrease) in suppliers and other accounts payable Income tax paid Other operating expenses

(Thousands of U.S. Dollars) III Quarter 23 III Quarter 22

(38,636) 914,837 2,066,497 267,646 (11,197) 524,632 634,684 (1,282,494) 441,335 (656,801) (773,194) (62,459)

1,586,239 1,013,042 (2,483) 121,560 (24,269) 534,325 (98,507) (130,466) (690,973) 843,739 (469,310) (48,812)

(3,303) 53,631 121,890 15,697 (655) 30,744 37,511 (77,511) 25,894 (41,551) (45,283) (3,862)

78,281 50,059 (115) 6,006 (1,197) 26,393 (4,813) (4,606) (34,384) 46,302 (23,222) (2,408)

Cash flows from operating activities

2,024,850

2,634,085

113,202

136,296

CASH FLOW FROM INVESTING ACTIVITIES Business acquisitions, net of cash acquired Interest received Acquisition of intangible assets Acquisition of property, plant and equipment Sale of property, plant and equipment Restricted cash and other assets

(521,233) 88,299 (7,674) (991,886) 11,197 6,500

0 52,940 (105,105) (1,120,207) 24,269 19,500

(30,763) 5,169 (403) (58,204) 655 383

0 2,612 (5,219) (55,361) 1,197 956

Cash flows from investing activities

(1,414,797)

(1,128,603)

(83,163)

(55,815)

CASH FLOW FROM FINANCING ACTIVITIES Proceeds from loans and debt Payments of loans and debt Financial leases Derivative financial instruments Interest paid

1,072,704 (1,106,627) (168,482) (913,064) (376,957)

0 (19,500) (177,541) (245,037) (412,120)

63,781 (64,481) (9,881) (53,573) (21,967)

0 (956) (8,773) (12,120) (20,489)

Cash flows from financing activities

(1,492,426)

(854,198)

(86,121)

(42,338)

Net increase (decrease) in cash and cash equivalents Exchange gains (losses) in cash and cash equivalents Cash and cash equivalents at the beginning of the period Cash and cash equivalents at the end of the period

(882,373) 210,527 10,396,165 9,724,319

651,284 64,457 13,472,009 14,187,750

(56,082) (971) 608,960 551,907

38,143 (13,555) 674,116 698,704

Guidance

US $ Millions

Revised 2Q23

Original 2023

Revenues

$8,600

$8,100

EBITDA

$880

$705

Capex*

$240

$280

*These figures do not include recent acquisitions

- 2020 - 2021 - 2022 - 2023

Meat Raw materials – Pork and Poultry U.S.

Europe

USD / Lb

Eur / kg

Pork Ham

3.50

8

1.2 1 0.8 0.6 0.4 0.2 0

0.6

6

3.00

0.4

4

2.50

0.2

2

2.00

0

0

1.50

J

Pork Trimmings - 42% 1.50 1.00 0.50 0.00

Pork Ham

Turkey Breast

Chicken MSC

3 2 1 0 J F M A M J J A S O N D

Sources: U.S. - USDA; See Appendix A for additional information regarding U.S. raw material reference prices Europe - Weighted Average of Bone in Ham Prices in Spain, France and Germany

A S O N D

Turkey Thigh

Turkey MST 1 0.8 0.6 0.4 0.2 0

F M A M J J

J

F M A M J J

A S O N D

Meat Raw Materials – Dairy U.S. USD / Lb

Milk Class III

Block Cheddar

28

2.8

23

2.3

18

1.8

13

1.3

8

0.8 J

F M A M

J

J

A

S O

N D

J

F M

A M

A

S O N D

NFDM 2

- 2020 - 2021 - 2022 - 2023

1.5 1 0.5 J

F M A M

J

J

Sources: U.S. - USDA; See Appendix A for additional information regarding U.S. raw material reference prices

J

J

A

S O

N D

European energy utility price reference Dutch TTF €/MWh

400 350 300  Dutch TTF (Title Transfer Facility), is

a virtual trading point for natural gas in Netherlands and is the primary gas pricing hub for the European market

250 200 150 100 50 0 J

F

M

A

M 2020

Sources: ICE Index

J

J 2021

A 2022

S

O 2023

N

D

Exchange rates U.S. Dollar - Euro

U.S. Dollar – MXN Peso

25

1.25

23

1.2 1.15

21

1.1 19

1.05

17

1

0.95

15

J

F

M 2021

A

M J2 J M2 2020

J3J

A2A 2022

S

O

N

2023

D

E

F

M

2021

A

M J2 J M2

J A2 A J3

2020

2022

S

O 2023

N

D

Content

Sigma at Glance

Into the Future Financial Performance ESG Public Information

Sigma’s ESG journey

1st materiality analysis and GRI Report

Updated the materiality analysis Aligned to the 2025 Sustainability Commitments

<2015

2016

Company-wide Sustainability Strategy, materiality analysis, and GRI report

2018

SBTi Targets Approved

2019

Established the Sustainability Community (260+ employees)

2020

2021

2022

•

Sustainability report reviewed by GRI

•

Joined: • United Nations Global Compact • CDP Supply Chain Program

2025

Sustainability Strategy

Aligned with the UN Sustainable Development Goals 260+ employees involved

We commit to establishing conditions that motivate and make it easier for people to adopt habits that improve their quality of life.

We promote healthy lifestyles through our innovative and high-quality products..

We create economic and social value through our strategic practices and share it to stimulate development and strengthen our value chain.

We focus on reducing our environmental impact by using natural resources more efficiently.

2025 Sustainability Commitments

Source: Sigma - 2021 Sutainability Report

* Amid challenges brought about by COVID-19, additional hygiene measures have increased water consumption per ton produced, resulting in atypical water consumption levels **Suppliers that comply with criteria from both of the evaluations carried out. .

Sustainability Actions ESG

United Nations Global Compact

Supply Chain Program

Carbon Emission Reduction Program

Aligned with the United Nation SDGs

SBTi Targets Approved

ESG Ratings

Four transformational topics Evolve our direct sources & consumption of energy towards decarbonization.

Execute the global water stewardship strategy to ensure a proper use of the resource.

ESG performance Engage with the value chain to ensure sustainability compliance and benchmark best practices.

Promote a circular economy to minimize the environmental impact of our products.

Appendix A: Key raw material price references This appendix provides a detailed explanation on how to obtain key raw material price references from public sources. This is not intended as an exhaustive list of the company´s raw materials nor is it a direct representation of the company´s actual costs.

Pork • USA – USDA PM Ham, 23-27# Trmd Sel Ham • USA – USDA Pork Trimmings - 42% Trim Combo, FOB Plant

Poultry • USA – USDA Chicken - MSC, Some Skin, 15-20% Fat, Fresh • USA – USDA Turkey - MST, Some skin, under 20% fat, Fresh • USA – USDA Turkey - Breast, Young Tom, Boneless & Skinless, Fresh • USA – USDA Turkey - Thigh Meat, Boneless & Skinless, Fresh Dairy • USA – USDA Milk Class III • USA – USDA Block Cheddar Cheese 40lb

USA – USDA PM Ham, 23-27# Trmd Sel Ham https://mymarketnews.ams.usda.gov/filerepo/reports

1 5

Pop − up

6

Type in

Ctrl + F, type in 23 − 27

2

7

3

4

USA – USDA Pork Trimmings - 42% Trim Combo, FOB Plant https://mymarketnews.ams.usda.gov/filerepo/reports

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Type in

Ctrl + F, type in 𝑇𝑟𝑖𝑚 𝐶𝑜𝑚𝑏𝑜

2

7

3

4

USA – USDA Chicken - MSC, 15-20% Fat, Fresh https://mymarketnews.ams.usda.gov/filerepo/reports

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2

5

1

Pop − up

6

Type in

Ctrl + F, type in MSC, 15

3

7

4

USA – USDA Turkey - MST, Some skin, under 20% fat, Fresh https://mymarketnews.ams.usda.gov/filerepo/reports

Typeinin Type

5

1

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6

2

Ctrl + F, type in 15 − 20

3 7

4

USA – USDA Turkey - Breast, Young Tom, Boneless & Skinless, Fresh https://mymarketnews.ams.usda.gov/filerepo/reports

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2

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USA – USDA Turkey - Thigh Meat, Boneless & Skinless, Fresh https://mymarketnews.ams.usda.gov/filerepo/reports

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5

1

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6

2

Ctrl + F, type in 𝐵𝑜𝑛𝑒𝑙𝑒𝑠𝑠

3 7

4

USA – USDA Dairy - CME, Milk Class III https://mpr.datamart.ams.usda.gov/

1

Pop − up

7

2

3

8

4

6 5

USA – USDA Dairy - Block Cheddar Cheese 40lb https://mpr.datamart.ams.usda.gov/

1

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7

2 8

3

4

6 5

Public Information

Contact: investorrelations@sigma-alimentos.com www.sigma-alimentos.com