Jbs N.v. · NYSE:JBS

Jbs — 4Q23 and FY2023 Earnings Presentation

29 slides from Jbs's earnings presentation, Apr 5, 2024

  1. Slide 1: Results 4Q23 & 2023

    Results 4Q23 & 2023 JBS

  2. Slide 2: Global Leadership

    # 1 Global beef producer #1 Global poultry producer #2 Global pork producer Aquaculture Plant - based and alternative proteins business #3 European producer of plant - based protein. #2 salmon producer in Australia . In 2024, we will complete a new cultivated protein facility in Spain. Prepared Food

  3. Slide 3: Long Term Growth Strategy

    1 . Enhance Scale in Existing Categories and Geographies Capture significant synergies 2 . Increase and Diversify Value - Added and Brand Portfolio Long Term Growth Strategy Pursuing additional value - enhancing growth opportunities with financial discipline Improve operational performance Enhance g

  4. Slide 4: Geographic & Protein Diversification

    Source: JBS Income Origin 50% United States 27% Brazil 9% Australia 7% Europe 4% Canada 3% Mexico Brazil 13% South America 1% Canada 3% Mexico 5% USA 49% Europe 9% Asia 14% Africa & Middle East 3% Australia & New Zealand 3% Net revenue 4Q23 (by destination) 4 Cattle Pork Lamb Poultry Aquaculture Lea

  5. Slide 5: Stability of Results

    16.5 17.6 31.1 36.9 38.6 42.9 51.2 48.9 49.0 51.1 49.7 51.7 52.3 65.0 72.6 72.9 0.7 0.6 2.1 1.9 2.2 2.8 4.7 4.0 3.3 4.2 4.0 5.0 5.6 8.5 6.7 3.5 2008 2009 2010 2011 2012 2013 2014 2016 EBITDA 2017 2018 2019 2020 2021 2022 2023 2015 Net Sales 3.8% 3.7% 6.9% 5.1% 5.8% 6.6% 9.2% 8.2% 6.6% 8.2% 8.2% 9.7%

  6. Slide 6: Valued Added: Diversified Portfolio of Brands Worldwide

    Valued Added: Diversified Portfolio of Brands Worldwide

  7. Slide 7: More Than 270,000 Team Members Globally

    More Than 270,000 Team Members Globally 13 MIL Team members in Australia and New Zealand 152 K Team members in Brazil 12 K Team members in Mexico 7 19 MIL Team members in Europe 72 K Team members in the USA and Canada Largest Employers in Brazil: 152,000 Team Members

  8. Slide 8: Investments: Completion of high added-value food facilities

    Investments 8 Completion of high added - value food facilities New Seara factory with lines for breaded chicken and sausages, in Rolândia (PR), Brazil • Over R$ 1 billion in investments. • It is considered the most modern JBS facility in Brazil one of the most modern in the world. • Currently, it em

  9. Slide 9: Investments: Expansion and Modernization

    Investments 9 Expansion and Modernization: Expansion of the lamb unit in Cobram, Australia • Investment of US$ 20 million . • Processing capacity expanded to meet the growing regional demand. Expansion of the cattle unit of Friboi in Diamantino (MT), Brazil • Investment of R$ 800 million . • The exp

  10. Slide 10: Investments: Cultivated Protein

    Construction of BioTech Foods' first commercial - scale cultivated meat facility in Spain Construction of the largest Cultivated Protein Research Center in Brazil • Investment of US$ 41 million in Spain and US$ 22 million in Brazil. • These investments are landmarks in the sector, and in Brazil, it

  11. Slide 11: Energy from methane, traceability and Green Offices

    Generation of energy from methane • Investment of R $ 54 million to implement biodigester systems, which produce biogas - renewable and clean energy - in nine Friboi operations in Brazil . • Investment of R$ 220 million to globally expand the use of biogas in 14 factories in the United States and Ca

  12. Slide 12: JBS Fund for the Amazon

    JBS Fund for the Amazon After 2 years of operation: Over 5,000 families benefited R$ 73 milion earmarked 50 units conservation and indigenous land units supported 96 businesses supported (community and individual) 1.9 million hectares conserved and/or under improved/restored management 20 projects su

  13. Slide 13: Social JBS Projects Around the World

    Social JBS Projects Around the World: Instituto J&F Over 900 students enrolled in the education center, preparing young people for business Better Futures Tuition - free community college tuition for JBS team members and their dependents. More than 6,000 people signed up. JBS Sem Fronteiras Initiati

  14. Slide 14: From a small meatpacker in Brazil to a leading food company

    From a small meatpacker in the interior of Brazil to one of the world’s leading food companies The story of JBS began in 1953 when its founder, José Batista Sobrinho , started operations in a small plant with the capacity to process five head of cattle per day, in Anápolis (GO), Brazil. Today, JBS i

  15. Slide 15: Financial & Operating

    Financial & Operating

  16. Slide 16: Capital Markets and Liability Management

    Capital Markets : (i) Announcement of the dual listing plan in Brazil (B 3 ) and in the USA (New York Stock Exchange) with the aim of increasing the Company's market value, attracting a wider base of investors, and expanding its investment capacity ; and (ii) registration of the 11 Senior Notes with

  17. Slide 17: 4Q23 Consolidated Results

    96,341 92,865 4Q22 4Q23 Net Revenue (R$ million) 4,574 5,104 4.9% 5.3% 4Q22 4Q23 Ebitda Margin (%) Adjusted EBITDA (RS million) 10,688 11,095 11.5% 11.5% 4Q22 Gross Margin (%) 4Q23 Gross Profit (R$ million) Net Result (RS million) 2,350 83 4Q22 4Q23 4Q23 Consolidated Results

  18. Slide 18: 2023 Consolidated Results

    15,458 - 1,061 2023 374,852 363,817 2022 2023 Net Revenue (R$ million) 34,568 17,146 9.2% 4.7% 2022 2023 Adjusted EBITDA (RS million) Ebitda Margin (%) 59,478 39,649 15.9% 10.9% 2022 2023 Gross Profit (R$ million) Gross Margin (%) Net Result (RS million) 2022 2023 Consolidated Results

  19. Slide 19: 4Q23 Consolidated Results: Cash Flow and CAPEX

    Operating Cash Flow (RS million) Free Cash Flow (RS million) 3,441 1,991 4Q22 4Q23 CAPEX (R$ million) 666 4,334 4Q22 4Q23 55% - Maintenance 45% - Expansion 44% - Maintenance 56% - Expansion 5,850 8,469 4Q22 4Q23 4Q23 Consolidated Results

  20. Slide 20: 2023 Consolidated Results: Cash Flow and CAPEX

    Operating Cash Flow (RS million) Free Cash Flow (RS million) 17,426 16,998 2022 2023 11,227 7,492 2022 2023 CAPEX (R$ million) - 136 1,865 2022 2023 51% - Maintenance 49% - Expansion 45% - Maintenance 55% - Expansion 2023 Consolidated Results

  21. Slide 21: Net Debt, Leverage and Debt Amortization Schedule

    8.0x 3.2x 0 ¹ Includes available cash resources and revolving and guaranteed credit lines from JBS USA and JBS SA. ² Includes debts in other currencies, such as Euros and Canadian dollars. Net Debt (Bn) / Leverage / Interest Coverage Proforma Debt Amortization Schedule (US$ Million)¹ Average Princip

  22. Slide 22: Seara

    Adjusted EBITDA (R$ milhões e %) 10.7% 11,032 10,453 4Q22 4Q23 704 670 6.4% 6.4% 4Q22 4Q23 42,968 41,300 4,606 1,804 4.4% Net Revenue (R$ million) Net Revenue (R$ million) Adjusted EBITDA (R$ milhões e %) SEARA 4Q23 2023 Seara Products 2022 2023 2022 2023 22

  23. Slide 23: JBS Brasil

    Net Revenue (R$ million) Adjusted EBITDA (R$ milhões e %) 874 2.4% 340 5.9% 4Q22 4Q23 14,271 14,905 4Q22 4Q23 Net Revenue (R$ million) Adjusted EBITDA (R$ milhões e %) 2,407 2,331 4.1% 4.2% 58,949 55,532 4Q23 2023 JBS BRASIL JBS BRASIL Products 21 2022 2023 2022 2023

  24. Slide 24: JBS Beef North America

    Net Revenue (USGAAP - US$ million) Adjusted EBITDA (USGAAP - US$ million and %) 5,454 6,273 4Q22 4Q23 113 - 141 - 2.3% 2.1% 4Q22 4Q23 22,069 23,303 1,932 0.1% 12 Adjusted EBITDA (USGAAP - US$ million and %) 8.8% Net Revenue (USGAAP - US$ million) JBS BEEF NORTH AMERICA 4Q23 2023 JBS BEEF NORTH AMERI

  25. Slide 25: JBS Australia

    1,567 1,730 4Q22 4Q23 79 172 5.0% 9.9% 4Q22 4Q23 6,323 6,209 337 424 5.3% 6.8% Net Revenue (USGAAP - US$ million Adjusted EBITDA (USGAAP - US$ million and %) Net Revenue (USGAAP - US$ million Adjusted EBITDA (USGAAP - US$ million and %) JBS AUSTRALIA 4Q23 2023 JBS AUSTRALIA Products 2022 2023 2022 2

  26. Slide 26: JBS USA Pork

    2,016 2,102 4Q22 4Q23 97 188 4.8% 9.0% 0.0 4Q22 4Q23 8,153 7,714 590 472 7.2% 6.1% Net Revenue (USGAAP - US$ million) Adjusted EBITDA (USGAAP - US$ million and %) Net Revenue (USGAAP - US$ million) Adjusted EBITDA (USGAAP - US$ million and %) JBS USA PORK 4Q23 2023 JBS USA PORK Products 2022 2023 20

  27. Slide 27: Pilgrim's Pride

    4,127 4,528 4Q22 4Q23 310 1.5% 63 Adjusted EBITDA (USGAAP - US$ million and %) 6.8% 4Q22 4Q23 17,468 17,362 1,648 1,034 9.4% 6.0% Net Revenue (USGAAP - US$ million) Net Revenue (USGAAP - US$ million Adjusted EBITDA (USGAAP - US$ million and %) PILGRIM’S PRIDE PPC Products 4Q23 2023 2022 2023 2022 20

  28. Slide 28: Consolidated Exports: Export destinations of JBS during 2023

    27 Nota 1: Considera China e Hong Kong 25.4% Greater China¹ 13.3% EUA 11.6% Africa & Middle East 8.5% South Korea 8.3% Japan 6.7% European Union 5.7% Mexico 3.5% South America 3.2% Canada 2.7% Philipines 11.0% Others CONSOLIDATED EXPORTS Export destinations of JBS during 2023 Exports Revenue in 2023

  29. Slide 29: JBS: feeding what feeds the world

    JBS 70 years ago, feeding what feeds the world.

JBS — 4Q23 and FY2023 Earnings Presentation on 6ix