Pilgrim's Pride Corporation · NASDAQ:PPC
Pilgrim's Pride — Q1 FY2010 Earnings Presentation
10 slides from Pilgrim's Pride's earnings presentation, Feb 4, 2010
Slide 1: Financial Results for the Fiscal 2010 Transition Quarter Ended December 27, 2009
Pilgrim’s Pride Corporation Financial Results for the Fiscal 2010 Transition Quarter Ended December 27, 2009 ‘www pilgrimspride.com
Slide 2: Cautionary Notes and Forward-Looking Statements
Cautionary Notes and Forward-Looking Statements Statements contained in this presentation that ster our intentions, beliefs, expectations or predictions for the future, denoted by the words “anticipate,” “believe estimate,” “should,” “expect,” “project,” “plan,” “imply,” “intend,” “foresee” and simi
Slide 3: Reorganization Summary
Reorganization Summary ¢ Today Pilgrim’s Pride has: — Anew management team — Animproved product mix with less exposure to commodity chicken — Growing volume in our core retail and foodservice businesses — Improved operational efficiency from labor, yield and through-put — Lower SG&A as a result of r
Slide 4: Reported a net profit of $33.6 million, or $0.44 per diluted share
Reported a net profit of $33.6 million, or $0.44 per diluted share vs. net loss of $228.8 million, or $3.09 per diluted share for the same quarter a year earlier. Transition quarter includes: — Anon-recurring income tax benefit of $102.4 million ($1.33 per diluted share) related to operating losses
Slide 5: Earnings Per Share
Earnings Per Share ‘Three Months Ended Net income {loss) per common share - basic: 1272772009 12/27/2008 Income {loss) from continuing operations attributable to Pilgrim's Pride Corporation common stockholders $ 045 $ (410) Income from discontinued business attributable to Pilgrim's Pride Corporatio
Slide 6: Sales Segment
Sales Segment Chicken: United States Mexico Total Chicken Sales Sale of Other Products: United States Mexico Total Sale of Other Products Total Net Sales Three Months Ended 12/27/2009 12/27/2008 _ %Change $ 13343 $ 1,587.0 -15.9% 127.5 136.0 6.2% 14618 1,723.0 -15.2% 132.5 1448 85% 8.4 92 78% 140.9
Slide 7: Pricing Overview
Leg Quarters Wings Sane ier eee ae Georgia Dock Pricing Overview Breast Meat
Slide 8: Three Months Ended: EBITDA Reconciliation
Three Months Ended (Siento, ape peestre fen} 12/27/2009 «12/27/2008 |= %Change Net Sales $ 10027 $ 13770 14.6% Net income {Loss} from continuing aperations $ 33.9 $ (204) 114.2% EBITDA $ 31.0 $ (1314) 123.6% Adjusted EBITDA. $ 653 $ (15.8) 156.4% EBITDA Reconciliation Net income {Loss} from Continui
Slide 9: Summary Operating Results
Summary Operating Results {Stomitios] ‘Three Months Ended _l2f27f2009_ _12/27/2008 Operating Income (Loss): Chicken: United States $ 3.0 $ (179.4) Mexico By (72) Total Chicken 07) (186.6) Other Products: United States 82 39 Mexico 1.6 18 Total Other Products 38 108 Operating income (Loss): Operating
Slide 10: Capital Expenditures
Capital Expenditures Million$ HS BB Maintenance/Other 100 = Effictency/Expansion $082 $89.6 80 60 “ $29.0 $205 ha $15.3 20 S24 $15.2 0 3.Mo Ending 12272008 | 3Mo Ending 122772009 Lm 122709 “The Company projects FY2010 capital expenditures of approximately $200 million.