Mbrf Global Foods Company S.a. · BMFBOVESPA:MBRF3
Mbrf Global Foods — Marfrig Global Foods — Q3 2018 Earnings Presentation
13 slides from Mbrf Global Foods's earnings presentation, Nov 6, 2018
Slide 1: Earnings Conference Call 3Q18
Earnings Conference Call 3Q18 November 06, 2018
Slide 2: Disclaimer
Disclaimer This material is a presentation of general information about Marfrig Global This presentation includes forward-looking statements. Such statements do Foods S.A. and its consolidated subsidiaries (jointly the “Corporation”) on not constitute historical fact and reflect the beliefs and expe
Slide 3: Marfrig Strategic Pillars
Marfrig S T R AT E G I C P I L L A R S Strategy Strategy Sustainability Animal welfare Partnership with producers and Entities Social and Environmental Responsibility Customers Higher value-added products Operational Excellence and products Commercial and portfolio leverage Valuing brands Customers
Slide 4: Marfrig Global Foods | Strategy Update
Marfrig Global Foods | Strategy Update K e y s t o n e Tr a n s a c t i o n ▪ Keystone’s sale, as previously announced, is expected to be Operational concluded in 2018 Excellence Customers ▪ The Transaction has already been approved by the antitrust Sustainability and products authorities in the U.S
Slide 5: Marfrig Global Foods | 3Q18 Operational Highlights
Marfrig Global Foods | 3Q18 Operational Highlights Net Revenue record of R$11 billion in the quarter Resume of positive cash generation of R$271 million Adj EBITDA record of R$1,080 million With the completion of Keystone’s sale, net debt will be reduced by around 50% Proforma leverage (i) of 2,57x
Slide 6: Consolidated Result 3Q18
Consolidated Result 3Q18
Slide 7: Net Revenue
Net Revenue Consolidated 3Q18 R$ million +21% 2,045 (576) 11,089 857 9,140 3,620 2,687 (377) 6,453 7,469 3Q17 Volume Price FX Week Effect 3Q18 South America North America ▪ Expansion of sales volume as a result of higher slaughtering in South America, offsetting one less week of production in North
Slide 8: Marfrig today | Overview
Marfrig today | Overview 6% Net Revenue by Destination (%) 5% 2% 9% 58% 12% 58% 3% 9% Production plataform in the 2nd largest beef 6% Americas 12% company in the world 5% Slaughter capacity of 3% (in capacity) Middle East 2% Slaughter capacity of 5% (in capacity) more than Others 32,000 head of catt
Slide 9: Operational Highlights
Operational Highlights SLAUGHTER GROSS PROFIT Ad j. EB I T DA AND MARGIN AND MARGIN (000 heads) (R$ million and %) (R$ million and %) +4% 13.1% 13.7% 9.6% 9.7% 1,754 1,829 +26% +23% 1,516 1,202 1,080 878 3Q17 3Q18 3Q17 3Q18 3Q17 3Q18 ▪ Slaughtering increase following the footprint readjustment in th
Slide 10: Debt and Leverage
Debt and Leverage (3Q18) após Transação 4.19x 4.19x EBITDA LTM and Leverage (49%) 4.19x 2.57x 16.9 2.57x 4.0 (R$ billion e “x”) 3.2 8.6 NET DEBT (R$ billion) 2.30x 2.57x 8.3 R$ 4.0 R$ 3.2 3Q18 3Q18 In US$ billion 4.2 (2.2) 2.1 2,1 * 3Q18 3Q18 3Q18 Net Debt Keystone Sale 3Q18 Net Debt (Including Keys
Slide 11: Cash Flow
Cash Flow 3Q18 804 (198) (77) “bridge loan” R$ million (259) 271 (336) OCF Capex Interest FCL Continued ▪ Solid result reflects the strategy focused on beef protein and diversified operating platform in the Americas ▪ Capex: continuity of investments in improvement and maintenance ▪ Interest affecte
Slide 12: Final Comments
Final Comments Focus on beef protein, with diversified production platform in the Americas and access to the world's main consumer markets Search for operational excellence and sustainable value generation The outlook for the global animal protein industry remains positive Non-negotiable commitment
Slide 13: Investor Relations
Investor Relations www.marfrig.br/ir