Slide 1: Financial Results for Fourth Quarter and Fiscal Year Ended December 26, 2010
pilgrims Pilgrim’s Pride Corporation Financial Results for Fourth Quarter and Fiscal Year Ended December 26, 2010 February 11, 2011
Slide 2: Cautionary Notes and Forward-Looking Statements
) a 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 “antidpate,” “believe,” “estimate,” “should,” “expect,” “project,” “plan” “Imply,” “intend,” “f
Slide 3: Fourth Quarter and Fiscal Year Review
“) ditii Fourth Quarter and Fiscal Year Review = Net income rose 24% to $41.8 million, or $0.20 per diluted, vs. net income of $33.6 million, or $0.44 per diluted share for the comparable quarter a year earlier. — Sales increased 13% on improved demand — Volumerose in both retail and foodservice seg
Slide 4: Earnings Per Share
) pilgrims Net income (loss) Net income (loss) per common share- basic: Net income (loss) attributable to Pilgrim's Pride Corporation common stockholders Net income (loss) per common share- diluted: Net income (loss) attributable to Pilgrim's Pride Corporation common stockholders Weighted average sh
Slide 5: Results of Operations
oii Results of Operations s (81m mons Three Months Ended Twelve Months Ended 12/26/2010 12/27/2009 _% Change 12/26/2010 12/27/2009 _% Change Net sales to customers United States $ 1629.3 $ 1,466.7 11.1% $ 6,237.0 = $§ 6,304.6 -1.1% Mexico 182.0 136.0 35.8% 6446 509.2 26.6% Net sales to customers 181
Slide 6: Commodity Pricing Overview
pilgrims Commodity Pricing Overview Breast Meat Leg Quarters
Slide 7: Results from Operations and EBITDA Reconciliation
) pilgrims Results from Operations Three Months Endedt Tweve Months Ended Sinmiis epepe tere faoes) 12610 12/27/2009 sachange 12/26/2010 12/27/2008 %Change Net Sales $ 18113 $ 1,602.7 130% $ 6881.6 $§ 68138 10% Net Income (Loss)attributabletoPilgrim’s Pride $ 418 = $ «= 33.6 2A.A% $874 $8 24a EBITDA
Slide 8: Capital Expenditures
stiahin Capital Expenditures Million$ GE Maintenance/Other ‘eo GB Efficiency/Expansion $179.3 160 140 120 100 $88.2 80 $70.3 3-Mo Ending 122709 3-Mo Ending 122610 Fv 09 Lim 122709 LT 127260 “The campany is projecting capital expenditures of approximately $150 million in fiscal 2011.