Jbs N.v. · NYSE:JBS
Jbs — Merger or Acquisition (July 2023)
15 slides from Jbs's merger presentation, Jul 13, 2023
Slide 1: JBS S.A. – A Global Food Company Dual Listing
JBS S.A. – A GLOBAL FOOD COMPANY DUAL LISTING July, 2023 Exhibit 99.5 JBS S.A. has made available on its website the following materials with information about its corporate reorganization. A registration statement on Form F-4 with respect to the transaction described has been filed with the SEC wit
Slide 2: Disclaimer
DISCLAIMER The materials contained herein are being presented in respect of the proposed corporate restructuring and dual listing pursuant to which JBS N.V. will be the ultimate holding company of JBS S.A. and its subsidiaries (collectively, the “JBS Group”), JBS N.V.’s Class A common shares will be
Slide 3: Successful Diversification History
SUCCESSFUL DIVERSIFICATION HISTORY Enhanced scale in existing proteins and geographies Increased exposure and diversification in value-added and branded portfolio Massa Leve Swift PPC Tasman Rockdale Beef Tatiara Meat Seara Moy Park Plumrose Gold’n Plump Tulip Empire Packing Marba Margarina Bunge Sm
Slide 4: Results Stability: EBITDA Margin
JBS Beef North Am. Consolidated PPC Seara JBS USA Pork JBS Brasil JBS Australia Average 2013-2017 7,8% 2018-2022 10,2% 2008-2012 5,1% Geographical diversification and branded value products reducing margins volatility RESULTS STABILITY EBITDA Margin USD billion Source: JBS
Slide 5: A Global Food Company
Canada 4% USA 53% Mexico 3% Brazil 24% South Am. Europe 8% Africa & Middle East Asia Australia and New Zealand 8% To better represent our global platform, JBS announces a proposal to access a wider base of investors. A GLOBAL FOOD COMPANY Net revenue Q1.23 (by destination) 50% 13% Asia 12% Europe 9%
Slide 6: 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 Foods
Slide 7: More Than 260,000 Team Members Globally
Team members in Brazil 13K team members in Australia and New Zealand 145K 12K team members in Mexico 19K team members in Europe 72K Team members in the USA and Canada MORE THAN 260,000 TEAM MEMBERS GLOBALLY Source: JBS 7
Slide 8: Dual Listing
DUAL LISTING
Slide 9: Dual Listing on NYSE and B3
DUAL LISTING ON NYSE AND B3 The Dual Listing proposal will enable JBS shares to be traded on the New York Stock Exchange and via BDRs in Brazil on B3, using as a vehicle JBS N.V, a dutch company. The current operational structure will remain the same worldwide, such that the operational assets, team
Slide 10: Dual Listing on NYSE and B3
DUAL LISTING ON NYSE AND B3 Adapt JBS's corporate structure to the global and diversified profile of the Company's operations. 1 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. 1
Slide 11: Compelling Rationale
COMPELLING RATIONALE Increase its visibility among the global investors community, thereby increasing the comparability with the main peers. Broaden the access to a wider base of investors. Increase flexibility to use equity as source of funding, paving the way to fundraising through issuing shares
Slide 12: Transaction Structure
TRANSACTION STRUCTURE Current Simplified Corporate Structure Simplified Corporate Structure After The Proposed Transaction4 Controlling Shareholders Minority Shareholders JBS S.A. (Brazil)¹ Friboi BR Seara BR US Beef US Pork Pilgrim’s Pride³ Australia Others Controlling Shareholders Minority Shareho
Slide 13: Potential Unlocking Value
EV/ NTM EBITDA¹: (in USD billion, except when indicated) ¹Assuming Bloomberg Consensus for the next 12 months EBITDA ² Assuming the share price as of 07/07/2023 at R$ 17,64. ³ Subject to market conditions. Source: Bloomberg Terminal Potential value unlocking³ (equity value) considering current JBS “
Slide 14: Next Steps
NEXT STEPS Call Shareholders Meeting to approve Transaction. J&F and FIP Formosa will contribute their JBS S.A. shares into JBS N.V.. In exchange for their contribution, they will receive Class A shares and Class B shares. JBS S.A. shares will be contributed into JBS Participações (incorporação de a
Slide 15: Q&A
Q&A