Slide 1: Results 3Q23
Results 3Q23
Slide 2: Global food leader (revenue ranking)
74.5 68.7¹ 50.9 49.7 30.6 30.4 26.4 24.3 22.9 18.9 USD Billion 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 )
Slide 3: Global food leader
#1 Global beef producer #1 Global poultry producer #2 Global pork producer Aquaculture Plant - based and alternative proteins business #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 Foo
Slide 4: Geographical diversification and multiproteins strategy
Fonte: JBS Income Origin United States Brazil Europe Mexico Australia Canada 51% 27% 7% 3% 8% 4% Canada USA Mexico Brazil South America 1% Europe Africa & Middle East Asia Australia & New Zealand Net revenue 3Q23 ( by destination ) 3 % 5 % 13 % 9% 14 % 3 % 3 % 49 % Cattle Pork Lamb Poultry Aquacultu
Slide 5: Stability of Results
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 71.1 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 3.3 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Q3 LTM Net Sales EBITDA JBS Beef North Am. Consolidated PPC Seara JBS USA Pork JB
Slide 6: JBS contribution to the Brazilian economy
R$ 350,309 billion In the amount that JBS contributes to the Brazilian economy JBS represents 2,1 % of Brazil’s GDP, says Brazilian institute FIPE Study carried out by FIPE (the Economic Research Institute Foundation), from the University São Paulo, by analyzing input - produc t modeling that maps t
Slide 7: More than 270,000 team members globally
More than 270,000 team members globally Team members in Brasil 13K Team members in Austrália and New Zealand 152K 12K Team members in México 19K Team members in Europe 72K Team members in the USA and Canada Biggest employer in Brazil: over 152,000 team members.
Slide 8: Inauguration of high added-value food factory
Inauguration of 2 high added - value food factory • New range of breaded Chicken and sausages • Located in Rolândia - PR • Over R$ 1 billion in investments • 4,500 team members with the capacity to expand to 6,000 team members • It is considered the most modern JBS unit in Brazil and one of the worl
Slide 9: Social JBS Projects Around the world
Social JBS Projects Around the world Instituto J&F Over 900 students enrolled in the education center, preparing young people for business Better Futures Free tuition fees program for employees and children. More than 2,000 people enrolled. JBS Sem Fronteiras Initiative that takes team members
Slide 10: People + Forest + Livestock farming
People + Forest + Livestock farming Promote economic models for small livestock producers in the Amazon that : Increase the income of family farmers . 1 Guarantee trackability from the beginning of the chain . 2 Lead to zero deforestation on these Properties. 3 PEOPLE 3,500 families involved ; Incre
Slide 11: Financial & Operating
Financial & Operating
Slide 12: 3T23 – Financial and Operating Highlights
3T23 – Financial and Operating Highlights • In October, the industrial complex located in the city of Rolândia (PR) was inaugurated, with a chicken breaded plant and a hot dog plant, the largest in these categories in Latin America. The new plants are the most automated at Seara , in Brazil , and am
Slide 13: 3Q23 Consolidated Results (IFRS – US$)
765 117 3Q23 18,845 18,730 3Q22 3Q23 1,818 1,108 9.6% 5.9% 3Q22 3Q23 EBITDA Margin (%) 3,093 2,265 16.4% 12.1% 3Q22 3Q23 Gross Margin (%) 13 3Q22 Gross Profit (US$ million) Net Result (US$ million) Adjusted EBITDA (US$ million) Net Revenue (US$ million) 3Q23 Consolidated Results (IFRS – US$)
Slide 14: 3Q23 Consolidated Results: Cash Flow and CAPEX
1,337 1,293 3Q22 3Q23 566 375 3Q22 3Q23 615 703 3Q23 14 3Q22 Operating Cash Flow (US$ million) Free Cash Flow (US$ million) 52% - Maintenance 48% - Expansion 49% - Maintenance 51% - Expansion 3Q23 Consolidated Results (IFRS – US$) CAPEX (US$ million)
Slide 15: Net Debt / Leverage / Interest Coverage and Debt Profile
10.2x 3.2x 0 10000 78.3 80.4 14.5 16.1 1.81x 4.84x 1.76x 4.87x 3Q22 3Q23 Net Debt (R$) Net Debt (US$) Leverage (R$) Leverage (US$) Interest Cover (x) Net Debt ( Bn ) / Leverage / Interest Coverage Debt Profile Short Term and Long Term LP 91.5% CP 8.5% Source Breakdown Bonds 79% Banks 13% CRA 8% Enti
Slide 16: Seara
Net Revenue (IFRS - US$ million) Adjusted EBITDA (IFRS - US$ million and %) 2,242 2,092 3Q22 3Q23 339 116 15.1% 5.5% - 100 200 300 400 500 600 700 800 3Q22 3Q23 3Q23 Seara Seara Products
Slide 17: JBS Brasil
157 99 5.1% 3.4% 3Q22 3Q23 3,094 2,959 3Q22 3Q23 3Q23 Net Revenue (IFRS - US$ million) Adjusted EBITDA (IFRS - US$ million and %) JBS Brasil 17 JBS Brasil Products
Slide 18: JBS Beef North America
Net Revenue (USGAAP - US$ million) Adjusted EBITDA (USGAAP - US$ million and %) 5,554 5,953 3Q22 3Q23 403 93 7.3% 1.6% -12.0% -7.0% -2.0% 3.0% 8.0% 13.0% 18.0% 3Q22 3Q23 3Q23 JBS Beef North America JBS Beef North America Products
Slide 19: JBS Australia
1,664 1,575 3Q22 3Q23 59 104 3.6% 6.6% 3Q22 3Q23 3Q23 Net Revenue (USGAAP - US$ million) Adjusted EBITDA (USGAAP - US$ million and %) 19 JBS Australia JBS Australia Products
Slide 20: JBS USA Pork
2,125 2,027 3Q22 3Q23 93 190 4.4% 9.4% -15.0% -10.0% -5.0% 0.0% 5.0% 10.0% 15.0% 0.0 50.0 100.0 150.0 200.0 250.0 300.0 350.0 400.0 3Q22 3Q23 Net Revenue (USGAAP - US$ million) Adjusted EBITDA (USGAAP - US$ million and %) 3Q23 20 JBS USA Pork JBS USA Pork Products
Slide 21: Pilgrim's Pride
4,469 4,360 3Q22 3Q23 461 324 10.3% 7.4% 3Q22 3Q23 3Q23 Net Revenue (USGAAP - US$ million) Adjusted EBITDA (USGAAP - US$ million and %) 21 Pilgrim’s Pride Pilgrim’s Pride Products
Slide 22: Consolidated Exports
Exports Revenue in 3Q23: US$ 4.8Bn Export destinations of JBS during 3Q23 Note 1: Considers China and Hong Kong - 9.7% vs. 3Q22 Asia corresponded to ~ 52% of total exports Greater China¹ 26.5% Japan 8.0% Africa & Middle East 11.6% South Korea 7.7% European Union 12.5% EUA 6.8% Phillipines 3.5% Mexic
Slide 23: Bringing more to the table.
Bringing more to the table .