Slide 1: Results 2Q23
Results 2Q23 Want to know more about JBS initiatives ? Subscribe here .
Slide 2: Global food leader (revenue)
74.5 68.7¹ 50.9 49.7 30.6 30.4 26.4 24.3 22.9 18.9 Source : JBS, Forbes and Bloomberg, based on net revenue from food in US$ billion FY2022 Note 1 : Does not include the Beverages business Global Ranking Global food leader ( revenue ) USD Billion 2
Slide 3: Global food leader
#1 Global beef producer #1 Global poultry producer #2 Global pork producer Aquaculture Plant - based and alternative proteins businesses #3 European plant - based protein producer #2 salmon producer in Australia Work is under way to build an industrial plant to produce cultivated protein Prepared Fo
Slide 4: 260,000 team members globally
Team members in Brazil 13K team members in Australia and New Zealand 144K 12K team members in Mexico 19K team members in Europe 72K Team members in the USA and Canada 260,000 team members globally 4
Slide 5: Geographical diversification and multiproteins
Canada 3 % USA 47% Mexico 5% Brazil 13% South America Europe 8% África & Middle East 3% Asia 16% Australia & New Zealand 3% Source : JBS Income Origin United States 51 % Brazil 27 % Europe 7 % Mexico 3% Australia 8% Canada 4 % Net revenue 2Q23 ( by destination ) Cattle Lamb Pork Poultry Aquaculture
Slide 6: Stability of Results
3.8% 3.7% 6.9% 5.1% 5.8% 6.6% 9.2% 8.2% 6.6% 8.2% 8.2% 9.7% 10.9% 13.0% 9.2% 5.6% 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 71.3 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 4.0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Slide 7: Dual listing on NYSE and B3
Dual listing on NYSE and B3 1 Adapt JBS's corporate structure to the global and diversified profile of the Company's operations. 2 Potential unlocking of the value of the Company's shares. 3 Expand investment capacity to strengthen the conditions for growth and competition with global competitors. C
Slide 8: Value Added
VALUE ADDED More than 150 brand worldwide 8
Slide 9: From Anápolis to the world
9 From Anápolis to the world 1957 Departure to Brasilia to supply beef to the region 1953 Foundation of the Casa de Carnes Mineira, in Anápolis - GO. 1969/1970 Acquisition of the first slaughterhouses in Formosa - GO and creation of the name Friboi Anos 90/00 Acquisitions of plants in Anápolis, Goiâ
Slide 10: Financial & Operating
Financial & Operating 10
Slide 11: 2Q23 Operational and Financial Highlights
2Q23 Operational and Financial Highlights • Announcement of the dual listing plan in Brazil (B3) and in the US (New York Stock Exchange) with the aim of increasing the Company’s market value, attracting a wider range of investors, and expanding the investment capacity. • JBS obtained with the SEC (S
Slide 12: 2Q23 Consolidated Results
803 - 53 2Q23 18,735 18,052 2Q22 2Q23 2,106 903 11.2% 5.0% 2Q22 2Q23 EBITDA Margin (%) 3,290 1,997 17.6% 11.1% 2Q22 2Q23 Gross Margin (%) 12 2Q22 2Q23 Consolidated Results Gross Profit (US$ million) Net Income (US$ million) Adjusted EBITDA (US$ million) Net Revenue (US$ million)
Slide 13: 2Q23 Consolidated Results: Cash Flow
839 1,062 2Q22 2Q23 534 394 2Q22 2Q23 77 366 2Q23 13 2Q22 Operating Cash Flow (US$ million) Free Cash Flow (US$ million) 51% - Maintenance 49 % - Expansion 43% - Maintenance 57 % - Expansion 2Q23 Consolidated Results
Slide 14: Debt Profile
11.2x 4.2x 0 5000 10000 15000 US$2.8Bn 2Q23 ending cash was Currently, JBS USA and JBS SA together have In revolving credit facility lines US$3.3Bn JBS has a total availability of US$6.1Bn > 2.8 higher than short - term debt Debt Profile 14.9 16.7 1.65x 4.15x 2Q22 2Q23 Net Debt (US$) Leverage (US$)
Slide 15: Seara
Products Seara Net Revenue (IFRS US$ millions) Adjusted EBITDA (IFRS US$ millions and %) 2,170 2,082 2Q22 2Q23 306 85 14.1% 4.1% - 100 200 300 400 500 600 700 800 900 1,000 2Q22 2Q23 2Q23 15 SEARA
Slide 16: JBS Brasil
163 136 5.7% 4.8% 2Q22 2Q23 Net Revenue (IFRS US$ millions) Adjusted EBITDA (IFRS US$ millions and %) 2,867 2,825 2Q22 2Q23 2Q23 16 Products JBS BRASIL JBS BRASIL
Slide 17: JBS Beef North America
Net Revenue (USGAAP - US$ millions) Adjusted EBITDA (USGAAP - US$ millions and %) 5,522 5,811 2Q22 2Q23 2Q23 17 Products JBS BEEF NORTH AMERICA 624 83 11.3% 1.4% -12.0% -7.0% -2.0% 3.0% 8.0% 13.0% 18.0% 23.0% 2Q22 2Q23 JBS BEEF NORTH AMERICA
Slide 18: JBS Australia
Net Revenue ( USGAAP - US$ millions ) 1,674 1,509 2Q22 2T23 2Q23 18 Products JBS AUSTRALIA JBS AUSTRALIA Adjusted EBITDA (USGAAP - US$ millions and %) 106 130 6.3% 8.6% 2Q22 2Q23
Slide 19: JBS USA Pork
Net Revenue ( USGAAP - US$ millions ) 2,111 1,777 2Q22 2Q23 214 27 10.1% 1.5% -15.0% -10.0% -5.0% 0.0% 5.0% 10.0% 15.0% - 50 100 150 200 250 300 350 400 2Q23 19 Products JBS USA PORK JBS USA PORK Adjusted EBITDA (USGAAP - US$ millions and %) 2Q22 2Q23
Slide 20: Pilgrim's Pride
4,632 4,308 2Q22 2Q23 623 249 13.5% 5.8% 2T22 2T23 2Q23 20 PPC Products PILGRIM’S PRIDE Net Revenue ( USGAAP - US$ millions ) Adjusted EBITDA (USGAAP - US$ millions and %)
Slide 21: Consolidated Exports
Exports Revenue in 2Q23: US$4.8Bn - 1.7% vs. 2Q22 Ásia correspondeu a ~ 58% do total das exportações 30.3% 8.8% 10.3% 8.8% 8.3% 6.6% 3.8% 5.0% 2.9% 12.0% 3.5% 21 CONSOLIDATED EXPORTS Greater China¹ Japan Africa & Middle East South Korea European Union USA Canada Mexico South America Others Phillipin
Slide 22: Want to know more about JBS initiatives?
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