Slide 1: Results 4Q24 and 2024
(Bs) Results 4Q24 and 2024 JBS
Slide 2: Global leader in protein and food
2 #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 Spai
Slide 3: Revenue by Origin and Destination; Geographic & Protein Diversification
3 Revenue by Origin United State S 51% Brazil 26% Au S tralia 9% Europe 7% Canada 5% Mexico 3% Mexico & Central America South America 1% 5% Brazil 13% Asia 13% Africa & Middle East 4% USA 49% 3% Canada Australia & New Zealand 3% (by de S tination) Europe 9% Net revenue 2024 3 Beef Pork Lamb Poultry
Slide 4: EBITDA Margin Evolution and Diversification Leading to Lower Volatility
4 3.8% 6.6% 8.2% 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 EBITDA Margin Evolution USD Billlion 2018 – 2023 2024 Median: 5.1% Median: 8.2% Median: 9.5% Source: JBS. 9.3% Con S olidated Seara PPC JBS USA Pork JBS Brazil Beef N.A. JBS Au S tralia 31.1 36.9 38
Slide 5: Value Added: Diversified Global Brands Portfolio
Valued Added: Diversified Global Brands Portfolio 5 5
Slide 6: Team members by region
158 K Team member S in Brazil 15 K Team member S in Au S tralia and New Zealand 12 K Team member S in Mexico 17 K Team member S in Europe 78K Team member S in the USA and Canada 2 K Team member S in MENA 6
Slide 7: Expansion of the global multi-protein platform (Mantiqueira Brasil)
7 Expansion of the global multi - protein platform (New segment) 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 8: Traceability in Pará
8 ▪ Participation in a government - led program aimed at tracking the entire cattle and buffalo herd in the state by 2026. ▪ Donation of 3 million tags for cattle tracking in Pará , with 2 million allocated to small producers. ▪ Launch of the JBS Accelerator , program to S upport the adoption of tag
Slide 9: Farms operating with solar energy
Farms: 70% of Seara’ S farm S operate with solar energy In 2024, S olar energy production in integrated farm S acro SS the country totaled: 205.182.885,60 kWh The implementation provides: ▪ Automation of poultry hou S e S ▪ Controlled indoor environment S ▪ Co S t reduction for integrated producer S
Slide 10: Financial & Operating
Financial & Operating 10 10
Slide 11: 4Q24 Consolidated Results (IFRS – USD)
4Q24 Consolidated Results (IFRS – USD) 19,449 19,974 4Q23 4Q24 2,240 2,977 11.5% 14.9% 4Q23 4Q24 Gro SS Margin (%) Net Result (USD million) Adjusted EBITDA (USD million) 1,030 1,847 5.3% 9.2% 4Q23 4Q24 Adju S ted EBITDA Margin (%) Net Revenue (USD million) Gross Profit (USD million) 17 413 0.01 0.19
Slide 12: 2024 Consolidated Results (IFRS – USD)
2024 Consolidated Results (IFRS – USD) 72,918 77,183 2023 2024 7,967 11,588 10.9% 15.0% 2023 2024 Gro SS Margin (%) Adjusted EBITDA (USD million) 3,458 7,192 9.3% 4.7% 2023 2024 Adju S ted EBITDA Margin (%) Net Revenue (USD million) Gross Profit (USD million) (199) 1,767 Net Result (USD m i l l i o
Slide 13: 4Q24 Consolidated Results: Cash Flow and CAPEX
4Q24 Consolidated Results (IFRS – USD) Operating Cash Flow (USD million) Free Cash Flow (USD million) 1,710 1,810 4Q23 4Q24 402 530 4Q23 4Q24 875 13 906 4Q23 4Q24 76% - Maintenance 24% - Expansion 55% - Maintenance 45% - Expansion CAPEX (USD million)
Slide 14: 2024 Consolidated Results: Cash Flow and CAPEX
2024 Consolidated Results (IFRS – USD) Operating Cash Flow (USD million) Free Cash Flow (USD million) 3,480 5,524 2023 2024 1,502 1,480 448 2023 2024 14 2,331 2023 2024 66% - Maintenance 34% - Expansion 51% - Maintenance 49% - Expansion CAPEX (USD million)
Slide 15: Debt Profile
15 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: 12.6 years Average Cost Proforma : 5.4% p.a. 5,750 4,465 984 0 1,008 983 38 63 7 516 1,405 2,902 2,6
Slide 16: Net Debt / Leverage / Interest Coverage
16 Net Debt/ Leverage / Interest Coverage Bonds 88% Banks 5% CRA 7% USD 90.9% 5.1% p.a. BRL 9.1% 7.7% p.a. 15,297 15,866 14,759 13,721 13,577 4.00x 4.95x 6.42x 7.50x 4.42x 3.20x 3.66x 2.77x 2.15x 1.89x 4Q23 2Q24 3Q24 1Q24 Net Debt (USD Million S ) Intere S t Cover. 4Q24 Leverage (USD) LT 89.2% ST 10
Slide 17: Segment results: Net Revenue and Adjusted EBITDA (IFRS)
364 1,539 4.4% Adjusted EBITDA (IFRS - USD million and %) 17.5% 2,110 2,275 4Q23 2024 4Q24 Net Revenue (IFRS - USD million) Adjusted EBITDA (IFRS - USD million and %) 4Q24 8,273 8,775 Net Revenue (IFRS - USD million) 6.4% 450 135 19.8% 4Q23 4Q24 2023 2024 2023 2024
Slide 18: Segment results: Net Revenue and Adjusted EBITDA (IFRS)
965 4.2% 469 7.7% 176 231 5.9% 6.6% 4Q23 4Q24 3,009 3,480 4Q23 2024 4Q24 11,141 12,591 4Q24 Net Revenue (IFRS - USD million) 2023 2024 2023 2024 Adjusted EBITDA (IFRS - USD million and %) Net Revenue (IFRS - USD million) Adjusted EBITDA (IFRS - USD million and %)
Slide 19: Segment results: Net Revenue and Adjusted EBITDA (USGAAP)
12 147 0.1% 0.6% 6,273 6,400 4Q24 4Q23 2024 Net Revenue 23,303 24,286 (141) 82 1.3% - 2.3% 4Q23 4Q24 4Q24 Net Revenue (USGAAP - USD million) Adjusted EBITDA (USGAAP - USD million and %) (USGAAP - USD million) Adjusted EBITDA (USGAAP - USD million and %) 2023 2024 2023 2024
Slide 20: Segment results: Net Revenue and Adjusted EBITDA (USGAAP)
424 582 Adjusted EBITDA (USGAAP - USD million and %) 8.8% 6.8% 172 104 Adjusted EBITDA (USGAAP - USD million and %) 9.9% 5.9% 4Q23 4Q24 1,730 1,766 4Q23 2024 4Q24 6,209 6,648 4Q24 Net Revenue (USGAAP - USD million) 2023 2024 2023 2024 Net Revenue (USGAAP - USD million)
Slide 21: Segment results: Net Revenue and Adjusted EBITDA (USGAAP)
472 Adjusted EBITDA (USGAAP - USD million and %) 10.2% 6.1% 831 188 192 9.6% 9.0% 4Q23 4Q24 2,102 2,001 4Q23 2024 4Q24 7,714 8,116 4Q24 Net Revenue (USGAAP - USD million) 2023 2024 2023 2024 Adjusted EBITDA (USGAAP - USD million and %) Net Revenue (USGAAP - USD million)
Slide 22: Segment results: Net Revenue and Adjusted EBITDA (USGAAP)
1,034 2,214 6.0% Adjusted EBITDA (USGAAP - USD million and %) 12.4% 310 526 6.8% Adjusted EBITDA (USGAAP - USD million and %) 12.0% 4Q23 4Q24 4,528 4,372 4Q23 2024 4Q24 17,362 17,878 4Q24 Net Revenue (USGAAP - USD million) 2023 2024 2023 2024 Net Revenue (USGAAP - USD million)
Slide 23: Consolidated exports by destination
23 Consolidates exports Note 1: Include S China andHong Kong Export de S tination S of JBS during 2024 Exports Revenue in 2024: US$20 Bi +8.6% v S . 2023 A S ia corre S ponded to ~ 49% of total exports 22.6% Greater China¹ 15.9% USA 14.2% Africa & Middle East 8.4% Japan 8.0% South Korea 7.2% E.U. 6.
Slide 24: Bringing more to the table.
24 Bringing more to the table.