Apresentação frangosul ingles
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Apresentação frangosul ingles

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    Apresentação frangosul ingles Apresentação frangosul ingles Presentation Transcript

    • JBS S.A.JBS will operate Frangosul plants in Brazil May 07th, 2012
    • Presenters Wesley Mendonça Batista CEO James Cleary CEO JBS Brazil Poultry Jeremiah O’Callaghan Investor Relations Director PÁG. 2
    • JBS S.A. at a glanceFounded in the 1950’s in West Central BrazilIPO in 2007Leading protein producer in the WorldRevenues of US$36.9 billion in 2011EBITDA of US$1.9 billion in 2011Annual net revenue organic growth of 13% in local currency y.o.y.135,000 employees worldwide145 production units in 5 continentsMarket cap of approximately US$13 billion(1) (1) 03/19/2012 PÁG. 3
    • Merger and Acquisition track record1 Market Leader More than 30 acquisitions in 15 years 2005 JBS went international with the acquisition of Swift Argentina.2 Track Record 2007 JBS became the largest beef company in the world and the of successful biggest Brazilian company in the food industry and entered the acquisitions US pork market. 2008 Construction of a sustainable global meat Inalca production and sales platform. Rockdale Beef Pilgrim´s Pride3 Geographic and Swift Foods Co. Tatiara Meat (Swift Austrália) market segment 2009 Diversification of market segments through the Maringá (Amambay) Merger with Bertin diversification acquisition of Pilgrim’s Pride and merger with Bertin. Berazategui (Rio Platense) JBS Couros 36.9 Colonia Caroya 5 new units 2010 JBS Swift became the leader in lamb production in Australia. SB Holdings Tasman 31.1 JV Beef Jerky4 Well-recognized Rio Branco Cacoal 1 Venado Smithfield brands Cacoal 2 Tuerto Beef Porto Velho Pontevedra Five Rivers Barretos (Anglo) Vilhena (CEPA) (Frigovira) Pres. Epitácio e Pedra Preta Campo grande (Frigo Marca) 16.5 17.2 (Bordon) Cáceres (Frigosol) Barra do Rosário Garças Andradina Araputanga Iturama San Jose (Sadia) (Sadia) (Frigoara) (Frigosol) (Swift Argentina) 7.2 1.2 1.5 2.0 0.4 0.4 0.5 0.5 0.4 0.7 1997 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Net revenue (USD billion) Source: JBS PÁG. 4
    • Presence in more than 100 countries, in 5 continents1 Market Leader Strategic Geographical Distribution2 Track Record of successful acquisitions3 Geographic and market segment diversification4 Well-recognized brands 3 Pork 37 Chicken 7 Dairy 58 Distribution Center 134 Slaughterhouse and Industry 60 Beef 6 Lamb 20 Leather 17 Sales Office 1 Biodiesel Geographic Beef Chicken Pork Leather Dairy Lamb Presence and 85,825 heads/day 7.9 mm birds/day 50,000 heads/day 76,100 hides/day 5,400 tons/day 24,000 heads/day Production Capacity Source: JBS PÁG. 5
    • Poultry IndustryOverview of the Global Market
    • World Poultry Consumption The poultry industry has a large and global demand base. Emergent populous markets such as China, India and Russia still have a low consumption per capitaWorld Poultry Consumption Poultry Consumption¹ (US$ Bn) CAGR: Global Consumption (2010) : 94 M ton 3.6% CAGR: 234 9.6% 203 162 104 65 2000 2005 2010 2015E 2019EConsumptionkg/person/year Poultry Consumption¹ (M ton) Over 40 30-40 CAGR: 2.3% 20-30 CAGR: 116 10-20 3.1% 106 94 0-10 83 69 Relevant poultry consumption in the world, with growth prospects for the next years, boosting Brazilian exports 2000 2005 2010 2015E 2019E 1 - Includes poultry, turkey, duck, goose and guinea fowl PÁG. 7 Source: FAO, USDA
    • Positive Prospects for the Industry The poultry industry is increasing its importance and replacing other meats in the global consumption marketPoultry Industry Global Meat Market Breakdown Second largest meat category 2000 − Expected to surpass pork by 2030 − Increasing demand from emerging markets − Substitution effect from other meats Beef Poultry 26% 30% Sheep 5% Pork 2010 39% Main Growth Drivers Beef 23% Poultry Sheep 34% 4% Increase in the world population 2030E Pork 39% GDP growth Cheapest source of protein Beef 20% Sheep Poultry 4% 39% Quick to produce vis-à-vis other proteins Pork No religion barriers 37% Fonte: USDA, FAO PÁG. 8
    • Attractive Industry Dynamics The poultry has several advantages when compared with other meatsIntrinsic Advantages of Chicken Products KeyPoultry Highlights 1 Whole Chicken − Consumed worldwide − Exported frozen to Middle East − Broiler: “regular" chicken Fast Production − Griller: small chicken consumed Low Cost Production individually in Middle East 2 Chicken Cuts Poultry − Chicken Fillet No Religious Preferred part of the chicken in the developed Barriers countries High Nutritional − Dark Meat Qualities Parts of chicken excluding the filet Mainly exported to Asia where it is highly consumed 3 Processed Products − Mainly consumed in western countries − Increased exports to developing countries Source: Market Information PÁG. 9
    • Top Countries from the Global Chicken Market Brazil plays a relevant role in the industryTop 7 Consumers – 2011 Top 7 Producers – 2011M Tons M Tons 13.7 13.0 16.7 9.6 13.2 13.1 9.1 9.4 3.5 3.0 2.9 2.9 2.9 2.6 USA China Brazil EU-27 Mexico Russia India USA China Brazil EU-27 India Mexico RussiaTop 7 Exporters – 2011 Top 7 Importers – 2011M Tons M Tons 0.9 3.9 0.8 0.7 3.2 0.6 0.5 0.4 0.4 1.0 0.5 0.4 0.2 0.2 Brazil USA EU-27 Thailand China Argentina Turkey Japan Saudi EU -27 Mexico Russia Iraq Hong Arabia Kong Source USDA, Ubabef PÁG. 10
    • Global Surplus (deficit)Goldman Sachs forecast for animal protein in 2020 Surplus Deficit Beef & Veal Pork ChickenSource: Goldman Sachs PÁG. 11
    • Brazilian Poultry Industry Largest export market with promising domestic marketOverview Poultry Exports – Main States (2010) State Market Share 3rd largest poultry consumer in a expanding domestic market: Santa Catarina 26.7% – Increase in purchase power boosting demand for processed products Paraná 26.2% – Change in Brazilian Western consumption habits R. Grande do Sul 21.0% São Paulo 7.0% Largest poultry exporter: Goiás 5.2% TM Mato Grosso 4.5% – Brazil is a top 3 poultry producer with13.1 M tons in 2011 OG Minas Gerais 4.3% – In 2011, it exported approximately 30% of its production SM SM SM GM PS M. Grosso do Sul 3.4% – Middle East and Asia are the main Brazilian exports destination RP RP RP RP Dist. Federal 1.5% CS SR Total: 3.9 M tonsProduction (M ton) Exports Destination 2010 Poultry Consumption per Capita – kg / person / year Export market represents ~30% Others 17% 13,1 44.1 12,2 38.5 Middle East 10,9 11,0 37.0 38.5 10,3 36% 35.7 9,3 35.5 Asia 26% America Af rica 7% 2006 2007 2008 2009 2010 2011 13% 2006 2007 2008 2009 2010 2011 Source: USDA, Ubabef, Secex, MDIC PÁG. 12
    • JBS Poultry Brazil Frangosul
    • Frangosul at a Glance The Company is the 3rd largest poultry exporter in Brazil Frangosul was founded in 1970 in the city of Montenegro (RS). The company was acquired by Group Doux in 1998 o Poultry’s production capacity of 1,100,000 chickens / day Brief Overview o Pork’s production capacity of 3,000 hogs / day o Sales of R$ 1.4 billion in 2011 o Well recognized brands with presence in both domestic and export marketMain Operational Assets Brands 4 slaughtering plants Highly recognized and established brands with strong reputation – 3 dedicated plants for poultry for quality and innovation – 1 dedicated plant for pork 1 dedicated plant for processed products and 2 breaded plants Premium brand dedicated to the Brazilian 4 feed factories domestic market (South Region) 6 hatcheries Grand parents (2.8 M females/year) Growing breeders (2.2 M females/year) Value brand dedicated to the Brazilian export Hatching eggs production (6.3 M eggs/week) marketMulti Concept Operations Main Export Markets Saudi Arabia Chile Gulf Venezuela Sourcing Product Market Distrib. Middle East LatAm Iraq Argentina Yemen Cuba Whole 100 countries¹ Retailers Markets China Greece Cuts 5 continents Food Service Eastern Japan Asia Europe CIS Processed Industry Korea (1) Includes Brazilian domestic market PÁG. 14 Source: Company
    • Sales Breakdown of Frangosul The Company is the 3rd largest poultry exporter Exports Domestic Markets 8% 3% 6% 15% 8% 7%Sales 2011( By Market ) 83% 70% Poultry Pork Processed Others Poultry Pork Processed Others 295,178 tons 69,645 tons 3% 4% 1% 7% 6% 5%Volume 2011(364,823 Tons) 87% 87% Poultry Pork Processed Others Poultry Pork Processed Others Source: Company PÁG. 15
    • Slaughter Plants The Company has plants strategic located in the State of Rio Grande do Sul and Mato Grosso do Sul.1A Montenegro I – Poultry RR RR RR RR PA PA PA PA – Area (m²): 30,498 – Capacity (heads / day): 550,000 – Production 2010 (tons): 148,863 MA MA MA MA AP AP AP AP EC EC EC EC AM AM NR BP BP BP BP IP1B Montenegro II CA EP OT OR OR OR OR – Processed Products LA ES ES ES ES TM TM TM TM AB – Area (m²): 11,885 – Capacity (tons / day): 180 OG OG OG OG – Production 2010 (tons): 78,273 GM GM GM GM SM SE PS2 Ana Rech JR JR JR JR 4 – Pork RP RP – Area (m²): 23,419 CS – Capacity (heads / day): 3,000 SR SR SR SR – Production 2010 (tons): 55,227 3 23 Passo Fundo 1 – Poultry – Area (m²): 25,511 – Capacity (heads / day): 430,000 Poultry Site – Production 2010 (tons): 162,050 Pork Site4 Caarapó – Poultry Total Production Capacity Processed – Area (m²): 8,710 Products Poultry: 1,100,000 heads / day – Capacity (heads / day): 127,000 Pork: 3,000 heads / day Export Site – Production 2010 (tons): 37,507 Processed Products: 180 tons / day PÁG. 16
    • Investment Highlights JBS Frangosul Increase in the poultry consumption Expanding poultry Limited production capacity in the biggest consuming countries market New markets opening up to importations No religion barriers Intrinsic Low production costs compared to other protein sources advantages Fast production cycle One of the world’s leading producers Leading Company Sizable asset with a production capacity of ~365,000 tons (2011) Brazil’s 3rd largest poultry exporter JBSFrangosul Guarantees a stable perf ormance through: Multi concept – Multi-product: whole, cuts, processed products operations – Multi-market: operating in 100 countries and on 5 continents – Multi-distribution: retailers, food service, industry Strong brands with global impact: Recognised – Frangosul is a respect poultry brand on the export market: brands – LeBon has a 10% growth rate in Brazil – [Doux Brand?] Proven relation Longstanding relations with customers: averaging 20 years with the Top 20 with customers PÁG. 17
    • Mission“To be best in what we set out to do, totally focused onour business, ensuring the best products and services for our customers, solidity for our suppliers, satisfactory profitability for our shareholders and the certainty of a better future to all our employees. ”