INSTITUTIONAL
PRESENTATION
2nd QUARTER / 2024
SUMMARY
MARFRIG | 1 |
OPERATION | 2 |
Overview | |
North America | |
South America | |
OUR BRAND IS BLUE | 3 |
OUR DREAM IS GREEN! | |
FINANCIAL HIGHLIGHTS 4
Highlights
Consolidated
Cash Generation
Capital Structure
MARFRIG AT A GLANCE 5
MARFRIG
3
M A R F R I G
ABOUT US
One of the largest producers of beef protein in the world
Consolidated daily slaughter capacity
~20k heads of cattle ~40k heads of hogs ~6M heads of chicken
World's largest beef patties
producer
247,000 tons/year
Export leader of chilled meat in the USA with focus on the Asian market (Japan and South Korea)
Specialization in high added value products
Industrialized and plant-based
*FAIRR Protein Producer Raking
National Beef: The most efficient with the highest margins among the American beef industry
South America Operations:
Largest number of plants
certified for exports to China
(15 units)
BRF
In June 2024, Marfrig acquired
50.49% of BRF's capital
Top-ranked company in the industry in ESG global rankings*
4
Milestones in | |||||||||||
OUR HISTORY | |||||||||||
Perdigão foundation | Perdigão issues ADRs in | ||||||||||
New York Stock Exchange | |||||||||||
First factory | Opening BRF | ||||||||||
1934 | 2000 | BRF | in Middle | Innovation | Acquisition | ||||||
East (Kezad - | Center in | ||||||||||
Sadia and | |||||||||||
UAE) | Jundiaí (SP) | of Turkey | |||||||||
Perdigão M&A | |||||||||||
operations | |||||||||||
Acquisition of | |||||||||||
food processing | |||||||||||
2003 | 2009 | 2013 | 2014 | plant in Saudi | |||||||
1944 | 1971 | 1991 | 2017 | Arabia | |||||||
(Dammam) | |||||||||||
Sadia | Sadia IPO | Sadia creates | Partnership with | ||||||||
foundation | Qualy brand | McDonald's | |||||||||
2021 | 2022 | 2023 | |||||||||
2000 | 2003 | 2007 | 2018 | 2020 | Marfrig acquires | Marfrig | Marfrig | ||||
minority | elected to | becomes | |||||||||
stake in BRF | BRF's Board of | controlling | |||||||||
Directors | shareholder at | ||||||||||
Campos del | BRF with a | ||||||||||
Purchase of 82% | 50.49% stake | ||||||||||
Tesoro acquisition | |||||||||||
Partnership with | Marfrig IPO | ||||||||||
of shares of | |||||||||||
Marfrig | McDonald's | National Beef | |||||||||
foundation | Marcos Molina | ||||||||||
Marfrig and BRF | |||||||||||
Chairman and | |||||||||||
Controller |
Marfrig and BRF are present on the tables of millions of people around the world
BRF is responsible for ~10% of global poultry exports
Leader in exports from Brazil to Japan (chicken) and Middle East (chicken)
Extensive distribution and logistics capabilities in Brazil, Gulf countries, and Turkey
Top-ranked
companies within
industry under ESG
global rankings
350.000+
customers
World's 2nd largest beef producer
World's largest beef
patties producer
247k tons/year
Diversified footprint
Production in North and
South America
Broad portfolio with synergies among segments
MAIN BRANDS
In Natura
Poultry, pork, turkey and beef
Processed foods
Ready meals, sausages, franks, cold cuts, spreads, hamburger, canned food, cooked frozen and beef jerky
Pet
Dry and moist food and snacks
Ingredients
Viscera flour, fats and hydrolyzed
M A R F R I G | |||||||
C O M P A N Y D I A G N O S I S | |||||||
HIGH EXPOSURE TO SOLID MARKETS - 2Q24 | |||||||
Cattle Sales | Net revenue | Breakdown by | Revenue per | EBITDAADJ | |||
Volume | revenue source | currency | |||||
10% | 10% | ||||||
36% | 8% | ||||||
64% | 47% | 48% | 74% 24% | 14% | 78% | ||
43% | |||||||
16% | 2% | ||||||
North America | North America | Solid Markets | US$ | North America | |||
South America | South America | Expanding Markets | R$ | South America | |||
BRF | BRF | Others | Others | BRF | |||
R$ 34.8 bi | 3.38 x | R$ 3.4 bi | |||||
Net Revenue | Proforma Net Debt / | ADJEBITDA | |||||
ADJEBITDA (ratio in R$) | 8 | ||||||
M A R F R I G
CONSOLIDATED GLOBAL FOOTPRINT AND MULTIPROTEIN
Proforma Consolidated Net Revenue of R$ 34,77 billion in 2Q24
UNITED KINGDOM
EUA
Commercial office
- 3 slaughter units
- 5 processing units
- Commercial office
BRAZIL (Headquarter)
⚫ 3 industrial complexes ⚫ 1 processing plant
⚫ 3 distribution centers ⚫ Commercial office
⚫ 38 Production facilities
⚫ 28 Distribution centers / 25 Transit Points ⚫ 4 Animal Feed Plants
ASIA
- 3 Commercial offices
- Commercial offices
- 13 Transit Points
AUSTRIA
URUGUAY
- 1 industrial complex
- 1 processing unit
- 1 feedlot
- Commercial office
- Commercial office
CHILE
- 4 distribution centers
- Commercial office
- Commercial office
MIDDLE EAST
⚫ Commercial Office ⚫ 2 production facilities ⚫ 11 distribution centers
PARAGUAY | SOUTH AFRICA | |
⚫ 1 production facilities | ⚫ Administrative office | |
ARGENTINA | ⚫ Commercial office | |
⚫ 1 industrial complex |
TURKEY
- 3 production facilities
- 19 distribution centers
- 3 Administrative Offices
- 3 Animal Feed Plants
⚫ 3 processing units | Beef |
⚫ Commercial office | BRF |
9
Our brands can be found on the
table of
9 out of 10
Brazilians
Brazil's most valuable brand and a preference
among consumers in the food sector
Brazil's most preferred brand of food products
Qualy is the most widely- preferred margarine among Brazilian consumers
Sadia and Qualy have been ranked "Top of
Mind" brands for 10 consecutive years
A leader in all sectors in which we operate in Brazil (frozen products, sausages, cold cuts, margarines).
39.2% market share of processed products in Brazil
Sadia is the number 1
chicken brand in the GCC¹.
37.3% Market Share²
Banvit is one of
Turkey's leading brands.
21.8% Market Share²
4th largest meat processor in the USA
A line of premium meats that sets the standard within the marketplace
Offers consumers delicious cuts and quality and flavor in their day-to-day lives
Brands presented total growth of 25.5% (2023 vs 2022)
In 2023, our brands reached historical highs under brand awareness indexes³
Note: (1) #1 brand in all chicken market segments in GCC countries
- Nielsen 1Q24
- According to a survey from the IPSOS institute