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JBS Institutional Presentation Including 2015 Results
JBS Institutional Presentation Including 2015 Results
A GLOBAL
FOOD
COMPANY
Institutional Presentation
Including 2015 Results
JBS AT A GLANCE
Net Revenue of R$163
billion in 2015
Beef
32%
Revenue
2015
R$163 bi
Pork
16%
Poultry
22%
Focus on operational
Source 1: Bloomberg
excellence
2
A GLOBAL COMPANY
An Exclusive Global Production and Sales Platform
3%
CANADA
RUSSIA
EUROPE
1%
7%
48%
12%
USA
MEXICO
ASIA
AFRICA &
MIDDLE EAST
4%
4%
BRAZIL
South Am/
OTHERS
12%
5%
As % of Total Revenue
Production footprint
OCEANIA
4%
EVOLUTION
From a Brazilian beef company in 2007 to a Global food company
CARGILL PORK
Net Revenue 2015:
IPO JBS SA
19,000
EMPLOYEES
2006
Net Revenue: R$3.9 bi
2007
BERTIN
R$163 bi
2009
2008
2013
2010
2015
2014
230,000
EMPLOYEES
STRATEGY
Global and Diversified Production and Distribution Platform progressing towards value added
products with brands
\\\\\\\\\\\\
Branding
Production platform
HISTORICAL PERFORMANCE
Continuous growth in Net Revenue and EBITDA Margin
| Net Revenue CAGR :
36%
| EBITDA CAGR:
47%
9.2%
5.8%
5.0%
4.3%
3.8%
162.9
6.6%
6.4%
8.2%
120.5
3.7%
92.9
75.7
61.8
54.7
34.3
30.3
14.1
2007
2007
2008
2008
3.5
1.3
1.2
0.6
2009
2009
2010
2010
13.3
11.1
2011
2011
6.1
4.4
3.1
2012
2012
2013
2013
2014
2014
2015
2015
CONSOLIDATED RESULTS
2015
7
162,915
120,470
15.5%
13.9%
22,590
35.2%
18,673
21.0%
2014
2015
2014
2015
EPS (R$)
9.2%
11,090
2014
8.2%
1.60
13,300
4,640
0.71
127.9%
19.9%
2,036
2015
2014
2015
21,206
16,955
136.0%
169.3%
8,987
6,295
169.3%
2014
2015
2014
2015
10
9,475
2014
2.91x
47,039
12,046
25,169
2015
2014
2015
| Tyson de Mexico
| Big Frango
| Primo Group
| Anhambi
| Moy Park
| Cargill Pork
Note 1. Leverage considers the proforma results of recent acquisitions (Company estimates)
11
4Q14
2Q15
1Q15
3Q15
4Q15
34%
66%
29%
71%
33%
67%
29%
71%
32%
68%
Short Term
Long Term
12
BREAKDOWN BY SOURCE
BREAKDOWN BY COMPANY
13.99% p.a.
R$
9%
Commercial
Banks
Capital 56.3%
Markets
43.6%
US$
91%
JBS USA
Holdings
46%
BNDES
0.1%
5.24% p.a.
JBS S.A.
45%
JBS Foods
9%
2,063
Short Term
Note 1. Net of Cash
4,309
6,191
4,275
857
2017
2018
2019
2020
2021
After 2021
13
CONSOLIDATED EXPORTS
Exports Breakdown in 2014 and 2015
Canada
2.5%
Russia
3.9%
Mexico
4.4%
Greater China
18.7%
Others
10.6%
Mexico
4.6%
2014
US$16,223.2
million
South Korea
5.3%
E.U.
6.7%
2015
US$15,433.4
million
South Korea
6.2%
Canada
2.6%
Greater China
17.6%
Others
9.7%
E.U.
6.4%
USA
10.2%
South America
14.0%
Japan
10.7%
Japan
11.6%
Russia
7.3%
USA
9.3%
South America
11.1%
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CONSOLIDATED RESULTS
4Q15
15
9.6%
34,303
6.6%
37.5%
3,290
3,132
619
-4.8%
-275
4Q14
4Q15
4Q14
4Q15
4Q14
4Q15
BUSINESS UNITS
RECENT PERFORMANCE
17
BUSINESS UNITS
JBS Foods (R$)
3.6
3.9
4.5
5.0
1,040.0
656.1 616.0
789.4
12.3%
7.5
7.2
6.8
926.4
7.1
5.9
5.9
5.2
5.3
325.1
9.0%
7.1%
5.6% 5.2%
921.1
640.8
376.4 376.8
5.8
7.5
534.1
1.0
-0.5%
0.8
0.8
8.1%
0.8
95.7
93.2
-25.2
4Q14 1Q15 2Q15 3Q15 4Q15
2.1
2.1
2.1
17.4%17.7% 20.7%
2.0
6.2%
141.3
64.6
48.4
367.8 363.5
13.0%
12.2%
13.0%
7.6%
378.1
425.8
274.3
7.9%
30.9
30.0
4Q14
4Q15
150.0
4Q14
4Q15
18
15.9%
18,715.1
12,890.3
3,371.8
2,052.3
64.3%
45.2%
2014
2015
2014
2015
8.1%
2,319.0
2,315.1
-0.2%
2014
2015
2014
2015
22,134.0
21,625.2
4.2%
2.4%
Swift
(bolinha) e
Primo
2.7%
916.1
-36.0%
2014
2015
2014
586.7
2015
3,430.4
10.1%
405.6
-10.4%
347.5
-14.3%
2014
2015
2014
2015
22
8,583.4
14.8%
8,180.1
1,352.2
1,213.5
-4.7%
-10.3%
2014
2015
2014
2015
EBITDA ( MILLION)
1.6%
-3.0%
PRIORITIES IN 2016
Organic growth
Operational excellence
Focus on prepared and branded products
Reduction in working capital
25
Mission
To be the best in what
we set out to do,
completely focused on
our business, ensuring the
best products and
services for our
customers, consistency
for our suppliers,
profitability for our
shareholders and the
opportunity of a better
future for all our team
members.
26