Slide 1: Financial Results for the Third Quarter Ended September 26, 2010
pilgrims Pilgrim’s Pride Corporation Financial Results for the Third Quarter Ended September 26, 2010 October 29, 2010
Slide 2: Cautionary Notes and Forward-Looking Statements
ge Cautionary Notes and Forward-Looking Statements pilgrims © Statements contained in this presentation that share our intentions, beliefs, expectations or predictions for the future, denoted by the words “anticipate believe,” “estimate,” “should,” “expect,” “project,” “plan,” “imply,” “intend,” “fo
Slide 3: Third Quarter Review
pilgrims Third Quarter Review = Reported a net profit of $57.9 million, or $0.27 per share vs. net profit of $82.7 million, or $1.07 per diluted share for the same quarter a year earlier. e Third quarter includes: — Again of approximately $15.4 million related to changes in the fair value of grain d
Slide 4: Earnings Per Share
) pilgrims Net income (loss) Net income (Joss) per common share - basic: Income from continuing operations attributable to Pilgrim's Pride Corporation common stockholders Income from discontinued business attributable to Pilgrim's Pride Corporation common stockholders Net income (lass) attributable
Slide 5: Results of Operations
oii Results of Operations s sm cttens) ‘Three Months Ended Nine Months Ended 972672010 96/2009 _% Change 9fz6p2010 9726/2009 _%Change Net sales to aistomers United States $ 15652 $ 16121 -29% $ 46078 $ 4,337.9 AB% Mexico 1547 124.0 247% 4626 373.2 240% Net sales to customers, 17193 1,736.1 09% 5.070
Slide 6: Commodity Pricing Overview
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Slide 7: EBITDA and Adjusted EBITDA Reconciliation
woe pilgrims Siemon, epee stem fgme) Net Sales Results from Operations Net income (Loss) attributable to Pilgrim's Pride $ Net income (Loss) fram Continuing Operations Add: Income tax (benefit) expense Interest expense, net Depresiation and amortization Minus: ‘Amortization of capitalized financing:
Slide 8: Capital Expenditures
stiahin Capital Expenditures Million$ GEE Maintenance/Other GB Efficiency/Expansion 160 140 120 100 80 $59.2 60 $416 $22.2 40 $226 $17.1 20 $12.0 $37.0 $24.5 0 $1 Mo Ending — .Mo Ending 3.Mo Edning — 3-Mo Ending Fre Lrmszeno R609 arene R609 sReH0 “The Company projects FY2010 capital expenditures of