Jbs N.v. · NYSE:JBS
Jbs — Q1 2025 Earnings Presentation
21 slides from Jbs's earnings presentation, May 21, 2025
Slide 1: Results 1Q25 JBS
1 Results 1Q25 JBS
Slide 2: Global leadership in protein and food production
#1 Plant - based foods producer in Brazil #3 in Europe #2 Salmon producer in Australia #1 Egg producer in South America 280k+ Global team members 250+ Production facilities 180+ Sales to customers in 180+ countries Biotechnology Majority owner of BioTech Foods, cultivated protein producer in Spain.
Slide 3: Geographic & Protein Diversification
Revenue by Origin United State S 52% Brazil 26% Au S tralia 8% Europe 6% Canada 5% Mexico 3% Mexico & Central America South America 1% 6% Brazil 12% Asia 12% Africa & Middle East 4% USA 51% 3% Canada Australia & New Zealand 3% (by de S tination) Europe 8% Net revenue 1Q25 3 Beef Pork Lamb Poultry Aq
Slide 4: EBITDA Margin Evolution and Diversification
4 3.8% 6.6% 8.2% 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 LTM 1Q25 EBITDA Margin Evolution USD Billlion 2023 – 2025 Source: JBS. 9.4% Seara PPC JBS USA Pork J B S \ Au S t r a li a Con S olidated JBS Brazil Beef N.A. 17.6 31.1 36.9 38.6 42.9 51.2 48.9 49.0
Slide 5: Value Added: Diversified Global Brands Portfolio
Valued Added: Diversified Global Brands Portfolio 5 5
Slide 6: Team members by region
158K Team member S in Brazil 15K Team member S in Au S tralia and New Zealand 12K Team member S in Mexico 17K Team member S in Europe 78K Team member S in USA and Canada 2K Team member S in MENA 6
Slide 7: Benefits of potential share listing
• Potential unlocking of the value of company’ S S hare S . • Broaden acce SS to a wider ba S e of inve S tor S • Reduce the co S t of capital both equity and debt. • Increa S e flexibility to u S e equity a S S ource of funding. • Increa S e the number of equity indexe S in which JBS can participat
Slide 8: Expansion of the global multi-protein platform
8 Expansion of the global multi - protein platform Production of 4 billion eggs per year Largest in the sector in South America and 10th in the world Presence in 6 Brazilian states 3,000 team members The Company acquired 50% control of Mantiqueira Bra S il
Slide 9: Financial & Operating highlights
(Bs) . — Woo a x Financial & é ié “SR Operating
Slide 10: Consolidated Results
Consolidated Results Net Result (R$ million) Adjusted EBITDA (R$ million) Gross Profit (R$ million) Earning S per S hare 89,147 114,127 Net R e v e n u 5 e 0,00 (R$ million) 1Q24 1Q25 11,681 15,340 13.1% 13.4% 1Q24 1Q25 Gro SS Margin(%) 6,429 8,929 7.2% 7.8% 1Q24 1Q25 Adju S ted EBITDA Margin (%) 1,
Slide 11: Consolidated Results: Cash Flow and CAPEX
Consolidated Results Operating Cash Flow (R$ million) Free Cash Flow (R$ million) 24% - Expansion 76% - Maintenance 45% - Expansion 55% - Maintenance CAPEX (R$ million) 122 - 1,665 1Q24 1Q25 1,407 1,547 1Q24 1Q25 - 3,097 11 - 5,362 1Q24 1Q25
Slide 12: Debt Profile
12 Debt Profile ¹ Include S available ca S h re S ource S and revolving and guaranteed credit line S from JBS USA and JBS SA. Proforma Debt Amortization Schedule (USD Million)¹ Average Term Proforma: 11.5 yrs Average Cost Proforma: 5.4% p.a. Ca S h and equivalent S Debt buyback in May/25 Dividend Pa
Slide 13: Debt Profile: Leverage and Breakdown
13 Bonds 89% Banks 3% CRA 8% 90% 5.2% p.a. BRL 10% 7.6% p.a. 15,866 14,759 13,721 13,577 14,752 4.00x Net Debt/ Leverage / Interest Coverage 7.50x 6.42x 4.95x 7.60x 3.66x 2.77x 2.15x 1.89x 1.99x 1Q24 3Q24 4Q24 2Q24 Net Debt (USD Million S ) Intere S t Cover. 1Q25 Leverage (USD) LT 96% ST 4% Short Te
Slide 14: Net Revenue and Adjusted EBITDA
11.6% 2,488 1,192 19.8% 1Q24 1Q25 10,318 12,569 1Q24 1Q25 Net Revenue (R$ million) Adjusted EBITDA (R$ million and %) 1Q25 14
Slide 15: Net Revenue and Adjusted EBITDA
643 766 4.5% 4.1% 1Q24 1Q25 14,234 18,528 1Q24 1Q25 Net Revenue (R$ million) Adjusted EBITDA (R$ million and %) 1Q25 15
Slide 16: Net Revenue and Adjusted EBITDA (USGAAP)
16 0.2% 11 - 113 - 1.8% 1Q25 6,422 5,581 1Q24 1Q25 1Q24 1Q25 Net Revenue (USGAAP - USD million) Adjusted EBITDA (USGAAP - USD million and %)
Slide 17: Net Revenue and Adjusted EBITDA (USGAAP)
17 132 169 9.1% 10.4% 1Q25 1,446 1Q24 1Q25 1Q24 1Q25 1,622 Net Revenue (USGAAP - USD million) Adjusted EBITDA (USGAAP - USD million and %)
Slide 18: Net Revenue and Adjusted EBITDA (USGAAP)
18 156 223 11.1% 8.1% 1Q25 1,910 1Q24 1Q25 1Q24 1Q25 2,002 Net Revenue (USGAAP - USD million) Adjusted EBITDA (USGAAP - USD million and %)
Slide 19: Net Revenue and Adjusted EBITDA (USGAAP)
19 372 533 8.5% 11.9% 1Q25 4,362 1Q24 1Q25 1Q24 1Q25 4,463 Net Revenue (USGAAP - USD million) Adjusted EBITDA (USGAAP - USD million and %)
Slide 20: Consolidated exports by destination
20 Consolidates exports Note 1: Include S China andHong Kong Export de S tination S of JBS during 1Q25 Exports Revenue in 1Q25: US$4.9 Bi +8.6% v S . 1Q24 A S ia corre S ponded to ~ 48% of total exports 23.1% Greater China¹ 19.2% USA 14.0% Africa & Middle East 8.4% South Korea 8.1% Japan 7.9% Mexico
Slide 21: Bringing more to the table.
21 Bringing more to the table.