Slides
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Tiendas 3B Third Quarter 2026 Financial Results
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2 Statements in this presentation, including the possible or assumed future or other performance of BBB Foods Inc. (the “Company”, “we”, “us”, “our”) or our industry, our targets or other trends and estimates, constitute “forward- looking statements”. Statements contained herein that are not clearly historical in nature are forward-looking, and the words “anticipate,” “believe,”, “continues,” “expect,” “estimate,” “intend,” “plans,” “project,” “target,” and similar expressions and future or conditional verbs such as “will,” “would,” “should,” “could,” “might,” “potential,” “can,” “may,” or the negative of these terms or similar expressions are generally intended to identify forward-looking statements. We have based these forward-looking statements largely on our current beliefs, expectations and projections about future events and financial trends affecting our business and our market. These forward-looking statements speak only as of the date of this presentation and are based on the Company’s current plans and expectations and are subject to a number of known and unknown uncertainties and risks, many of which are beyond the Company’s control. Some of the factors, risks and uncertainties that might materially affect the forward-looking statements contained in this presentation and may make an investment in our securities speculative or risky include, but are not limited to, the risk factors set forth in our filings with the U.S. Securities and Exchange Commission (the “SEC”), including our annual reports on Form 20-F (File No. 001-41954). As a consequence, current plans, anticipated actions and future financial position and results of operations may differ significantly from those expressed in any forward-looking statements in this presentation. You are cautioned not to unduly rely on such forward-looking statements when evaluating the information presented and we disclaim any obligation to update any of these forward-looking statements. This presentation includes non-IFRS financial measures, including EBITDA, and EBITDA Margin. We present non-IFRS measures when we believe that the additional information is useful and meaningful to investors. Non- IFRS financial measures do not have any standardized meaning and are therefore unlikely to be comparable to similar measures presented by other companies. The presentation of non-IFRS financial measures is not intended to be a substitute for, and should not be considered in isolation from, the financial measures reported in accordance with International Financial Reporting Standards (“IFRS”), as issued by the International Accounting Standards Board. You are cautioned not to place undue reliance on such non-IFRS financial measures. Disclaimer
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3 Today’s Presenters Anthony Hatoum Chairman and CEO Eduardo Pizzuto CFO
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4 • 3Q26 Key Highlights • Operational Performance • Financial Results • Closing Remarks • Q&A Agenda
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5 3Q26 | Key Highlights Opened 141 net new stores and 4 DCs in 3Q26 3,765 stores and 25DC’s as of 3Q26 LTM store openings of 603 9M26 Cash Flow from Operations of Ps. 7,051 million Net cash(3) of Ps. 3,075 million; additionally, cash of ~$237 million in USD bank deposits 1. We measure “Same Store Sales” using revenue from sales of merchandise from stores that were operational for at least the full preceding 12 months for the periods under consideration . 2. SBP: Share-based payment expense . 3. Net Cash refers to Cash and Cash Equivalents . Same Store Sales (1) growth of 20.5% versus 3Q25 Revenue of Ps. 28,445 million , YoY growth of 40.3% EBITDA ex. SBP (2) of Ps. 1,877 million , up 60.5% YoY EBITDA post-SBP of Ps. 1,327 million
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6 • 3Q26 Key Highlights • Operational Performance • Financial Results • Closing Remarks • Q&A Agenda
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7 Continued Momentum in Store Openings Opened 141 net stores in 3Q26 to reach 3,765 units, 603 net stores opened LTM Number of Stores Units 1,500 1,892 2,288 2,772 3,346 3,765 2021 2022 2023 2024 2025 9M26 ‘21-’YTD26 CAGR: 21.4% +392 +396 +419 +574 +484
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8 Total Revenue and Same Store Sales Growth Total Revenue Ps. MM Significant increase in sales and strong SSS growth 20,279 28,445 3Q25 3Q26 20.5%17.9% Same Store Sales Growth YoY Growth: 40.3%
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9 Source: ANTAD Self-Service 3 -month average. 1. ANTAD uses the sales of stores that have been in operation for more than one year, making them comparable against prior periods . 2. Same Store Sales refers to revenue from stores that have been operational for at least the full 12 months prior to the period under analysis . Same Store Sales Growth vs. ANTAD Self -Service 1.1% 1.5% 1.4% -0.1% -0.6% 17.9% 16.6% 16.0% 20.0% 20.5% 3Q25 4Q25 1Q26 2Q26 3Q26 ANTAD Self-Service TBBB Our SSS performance outpaces the market Same Store Sales Growth (1) Percentage (%) (2)
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10 • 3Q26 Key Highlights • Operational Performance • Financial Results • Closing Remarks • Q&A Agenda
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11 Sales Expenses Sales Expenses Ps. MM 2,065 2,796 3Q25 3Q26 Sales Expenses as % of Revenue Sales expenses improved by 36 bps as % of revenues 10.2% 9.8% YoY Increase: 35.4%
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12 Administrative Expenses Administrative Expenses Ps. MM 535 733 1,574 550 3Q25 3Q26 2,109 1,283 Admin. Expenses ex-SBP decreased by 6 bps as % of revenue Shared-based payment expense YoY Increase: 37.0% Admin. Expenses as % of Revenue Ex. SBP 2.6% 2.6%
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13 EBITDA 1. We calculate “EBITDA” as net income (loss) for the period, plus income tax expense, financial costs, net, and total depreciation and amortization . We calculate “EBITDA Margin” for a period by dividing EBITDA for the corresponding period by total revenue for such period . See Annex 2 for a reconciliation of net income (loss) for the period to EBITDA . Adjusted EBITDA Ps. MM (1) EBITDA Margin EBITDA margin ex-SBP expanded by 83 bps. 1,170 1,877 3Q25 3Q26 5.8% 6.6% YoY Growth: 60.5%
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14 1. We calculate Working Capital as total current assets minus total current liabilities . 2. Includes last twelve months . 3. We calculate “Working Capital ex. IPO & FO Proceeds” as Working Capital minus the net proceeds from Initial Public Offering net from underwriting fees and repayment of promissory and convertible notes and the Equity Follow -On, assuming an exchange rate of Ps. 17.84. See Annex 5 for a reconciliation of the Working Capital ex. IPO & FO Proceeds . 4. We calculate the percentage of Working Capital to Total Revenue for a period by dividing the corresponding by the last twelve months of total revenue for the corresponding period and the percentage of Working Capital ex. IPO & FO Proceeds to Total Revenue for a period by dividing the corresponding by the last twelve months of total revenue for the corresponding period . Favorable Working Capital Working Capital (1) (2) (4) Ps. MM Our business model continues to generate significant Negative Working Capital (4,703) (6,221) (7,837) (10,794) Sep-25 Sep-26 Working Capital ex. IPO & FO Proceeds (3) 10.8% 10.9% Working Capital as a % of Total Revenue ex. IPO & FO proceeds
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15 • 3Q26 Key Highlights • Operational Performance • Financial Results • Closing Remarks • Q&A Agenda
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Closing Remarks
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17 • 3Q26 Key Highlights • Operational Performance • Financial Results • Closing Remarks • Q&A Agenda
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Q&A
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19 Investor Relation Contact: ir@tiendas3b.com Investor Relation Website: https://www.investorstiendas3b.com Contact Information
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Appendix: Financial Statements
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21 Annex 1 – Income Statement In Ps. Thousands
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22 Annex 2 – EBITDA Reconciliation In Ps. Thousands
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23 Annex 3 – Statement of Cash Flows In Ps. Thousands
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24 Annex 4 – Statement of Financial Position In Ps. Thousands
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25 Annex 5 – Reconciliation of Working Capital In Ps. Thousands 1. Considering an exchange rate of Ps. 17.84