Slide 1: Pilgrim's Pride Corporation Financial Results for First Fiscal Quarter
pilgrims Pilgrim’s Pride Corporation Financial Results for First Fiscal Quarter Ended March 27, 2011 April 29, 2011
Slide 2: Cautionary Notes and Forward-Looking Statements
pilgrims ) Cautionary Notes and Forward-Looking Statements Statements contained in this presentation that share our intentions, beliefs, expectations ot predictions for the future, denoted by the words “anticipate,” “believe,” “estimate, should’ “expect,” project,” “plan,” “imply,” “intend,” “forese
Slide 3: First Quarter Review
pilgrims First Quarter Review = Netloss of $120.8 million, or $0.56 per share, vs. net loss of $45.5 million, or $0.21 per diluted share for the comparable quarter a year earlier. — Inventoryreduction, higher costs, severe winter storms and depressed chicken prices contributed to loss = Netsales inc
Slide 4: oii
oii Results of Operations s {Sin wiions exept per she datal ‘Three Months Ended 3/27/2011 3/28/2010 _% Change Net Loss attributable to Pilgrim's Pride $ (120.8) $ (455) -165.1% Weighted average shares of common stock outstanding: Basic 214.3 2143 Diluted 214.3 2143 Netloss per share of common stock
Slide 5: pilgrims
J Results of Operations pilgrims (Sinmions) ‘Three Months Ended 3/27/2011 3/28/2010 % Change Net sales to customers United States $ 1,710.3 $ 1,495.6 14.4% Mexico 182.2 1473 23.7% Net sales to customers 15.2% Gross (Loss) Profit United States (61.8) 35.5 -274.0% Mexico a7 16.5 AT AG ‘Total gross flo
Slide 6: Commodity Pricing Overview
pilgrims Commodity Pricing Overview Breast Meat Leg Quarters
Slide 7: EBITDA Reconciliation
oii Results of Operations s <_ThweeMonthe Ended —__, (Siemon, mage pee sere fg 3/27/2011 3/28/2011 Change Net Sales, S$ 18925 $ 1629 15.2% (Net Lass attributable to Pilgrim's Pride $ 708) $ 5) 165.2% ERTDA $ 4.4) $ 32 -1802.5% Adjusted EBTIDA $ 52) s 5 192.7% SIDA Reconciliation ‘Net Lass fram Conti
Slide 8: Capital Expenditures
stiahin Capital Expenditures Million$ GEE Maintenance/Other GB Efficiency/Expansion 220 $212.4 200 $1793 180 $76.0 160 $64.2 140 120 $101.2 100 $4.7 0 $136.4 60 $115.1 40 tad $595 $8.3 20 $44.0 $2: 0 1.Mo Ending 32810 3.Mo Ending 32701 cyano Lim azano Lim sam “The company is projecting capital expen