Mbrf Global Foods Company S.a. · BMFBOVESPA:MBRF3
Mbrf Global Foods — Marfrig Global Foods — Q2 2018 Earnings Presentation
14 slides from Mbrf Global Foods's earnings presentation, Aug 15, 2018
Slide 1: Earnings Conference Call 2Q18
Earnings Conference Call 2Q18 August 15, 2018
Slide 2: Disclaimer
Disclaimer This material is a presentation of general information about Marfrig Global Foods S.A. and its consolidated subsidiaries (jointly the “Corporation”) on the date hereof. The information is presented in summary form and does not purport to be complete. No representation or warranty, either
Slide 3: Marfrig Global Foods Highlights
Marfrig Global Foods Highlights S T R AT E G Y Conclusion of the acquisition of the control of National Beef in June 2018 Marfrig continued to advance in another step in the sale process of Keystone Foods O P E R AT I O N A L Solid result corroborates the decision to redirect strategy to focus on be
Slide 4: Marfrig today | Overview
Marfrig today | Overview 5% Net Revenue by Destination (%) 5% 2% 7% 62% 12% 62% 3% 7% Production platform in the 5% Americas 12% 2nd largest beef company in the world 5% Slaughter capacity of (in capacity) Middle East 2% 3% more than 32,000 head of cattle per day Other 4% 4
Slide 5: Consolidated Results 2Q18
Consolidated Results 2Q18 ce
Slide 6: Considerations | disclosure of results
Considerations | disclosure of results For purposes of the main operational indicators, we will present the pro forma result with National Beef Continued operation: the data of the financial statements contemplate the result of National Beef as of June 2018 (completion of acquisition) Except w
Slide 7: Marfrig | Revenue Profile
Marfrig | Revenue Profile Due to the recent strategic movements, Marfrig is still in the integration phase. For this quarter, the Company will present its revenue in two regions: North America % Revenue Marfrig Consolidated Pro forma South America 6 Note: Not consider the revenue for the beef pattie
Slide 8: Net Revenue Proforma 2Q18
Net Revenue Revenue by Proforma 2 Q 1 8 destination(%) R$ million EUA 62% +21% América do Sul 15% (478) 929 9,944 7% 1,292 8,200 2,900 Japão 5% 2,180 Europe 5% 6,020 7,044 Middle East 2% Other 5% 2Q17 Volume Price FX 2Q18 South America North America Increased demand for beef protein globally has l
Slide 9: Indicators Proforma 2Q18
Indicators Proforma 2Q18 SLAUGHTER GrossProfit EB I T DA AdJ. (000 heads) and Margin and MARGIN (R$ million and %) (R$ million and %) 13.5% 9.4% 9.2% +21% 6.0% +75% +87% 1,791 1,346 918 769 490 1,506 2Q17 2Q18 2Q17 2Q18 2Q17 2Q18 Solid result reflects assertive strategy of geographical diversificati
Slide 10: Debt and Leverage
Debt and Leverage (Basis 2Q18) Cash & Equiv. Net Debt Gross Debt (US$ million) (US$ million) (US$ million) +2% - 16% +12% 5,841 4,220 3,776 + = 5,717 1,941 1,621 1Q18 2Q18 1Q18 2Q18 1Q18 2Q18 Avg Cost (% p.a.) R$ Million 1Q18 2Q18 30% 6,57% vs 7,20% in IQ18 Net Debt 12,552 16,271 Avg. Term 3.93 70%
Slide 11: Cash flow
Cash flow Continued Op.* * National Beef June only 2Q18 R$ million (156) (255) (156) (568) OCF Capex Interest FCL continued Increase in Continuity of Interest inventories investments in affected by the impacted improvement bridge loan and working capital and maintenance FX 10 Note: not consider inve
Slide 12: Next Steps
Next Steps Continuity in the integration process with National Beef Creation of two global Committees on Food Security and Animal Welfare & Sustainability Marfrig’s Leadership in Sustainable Production | Strategic Alliance with Embrapa - Carbon Neutral Meat and Low Carbon Meat Advancement (organic g
Slide 13: Final Comments
Final Comments Consolidated production footprint in the Americas, with access to key consumer markets worldwide The outlook for the global animal protein industry remains positive Non-negotiable commitment to Financial Discipline 12
Slide 14: Earnings Conference Call 2Q18
Earnings Conference Call 2Q18 August 15, 2018