Slide 1: Financial Results for the Second Quarter Ended June 27, 2010
pilgrims Pilgrim’s Pride Corporation Financial Results for the Second Quarter Ended June 27, 2010 July 30, 2010
Slide 2: Cautionary Notes and Forward-Looking Statements
) a Cautionary Notes and Forward-Looking Statements pilgrims "statements contained in this presentation that stare our intentions, beliefs, expectations or predictions for the future, denoted by the words “anticipate,” “believe estimate,” “should,” “expect,” “project,” “plan,” “imply,” “intend,” “fo
Slide 3: Second Quarter Review
pilgrims Second Quarter Review = Reported a net profit of $32.9 million, or $0.15 per share vs. net profit of $53.2 million, or $0.72 per share for the same quarter a year earlier. e Second quarter includes: — Administrative restructuring charges of $16.9 million pre-tax, or $10.5 million after tax
Slide 4: Earnings Per Share
) ditii Earnings Per Share ‘Three Months Ended ‘Six Months Ended 6/27/2010 6/27/2009 s/27/2m10 6/27/2009 Net income {loss} $ 29 $ saz $ (ize) $ 5) Net income floss} per common share - basic and diluted: Income {loss} from continuing operations attributable to Pilgrim's Pride Corporation common stock
Slide 5: Results of Operations
oii Results of Operations s (Smcttens) ‘Three Months Ended Six Months Ended 6/27/2010 6f7PM9__% Change 6/27/2010 6/27/2009 _% Change (Net sales to customers: United States $ 45470 $ 1,643.9 5.9% S$ 30426 $ 32258 57% Mexico 160-6 132.9 20.8% 307.9 249.1 23.6% (Net sales to customers 1,707.6 1776.8 3.
Slide 6: Pricing Overview
Pricing Overview Leg Quarters Breast Meat Wings f3) Georgia Dock adaaiagaaa mJ HE aaa
Slide 7: Results from Operations
) = Results from Operations Pilgrims ‘Three Months Ended Six Months Ended (Smit enape peste fone) 6p77010 6/2772009 Change 627/710 6/27/2009 %Change Net Sales $ 1,707.6 $ L768 39% $ 33505 $ 34749 36% Net Income (Lass) attributable toPilgim'sPride $ 329 § S32 -38.2% $ (26) $ 5) 4291" $ 128 $ 1475 23.
Slide 8: Capital Expenditures
stiahin Capital Expenditures Million$ ( Maintenance/Other MB Efficiency/Expansion 160 140 120 100 $46.2 80 60 $36.6 $36.6 40 $173 $10.6 20 $26.0 $11 —. + Me Ending | 3-Mo Ending Mo Ending — Mo nding Fro Lim ezre0 erzro0s sarao0 erzroos ezraow “The Company projects FY2010 capital expenditures of appr