Presentation 1 q12 conference call
Upcoming SlideShare
Loading in...5
×
 

Like this? Share it with your network

Share

Presentation 1 q12 conference call

on

  • 1,015 views

 

Statistics

Views

Total Views
1,015
Views on SlideShare
674
Embed Views
341

Actions

Likes
0
Downloads
5
Comments
0

2 Embeds 341

http://jbs.riweb.com.br 340
http://192.168.98.25 1

Accessibility

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

Presentation 1 q12 conference call Presentation Transcript

  • 1. JBS S.A.Results Presentation 1Q12
  • 2. JBS S.A.
  • 3. JBS Ranking1 Market Leader2 Well-recognized brands 1 st Largest global beef and lamb producer 1 st Largest global leather processor 2 nd Largest global chicken producer 3rd Largest dairy producer in Brazil 3 rd Largest pork producer in the US Source: JBS PAGE 3
  • 4. Well-recognized Brands, symbols of quality1 Market Leader2 Well-recognized brands Brazil Argentina USA Australia PAGE 4
  • 5. Perspectives for the animal protein market
  • 6. Brazil, Australia and the US continue to lead global beef exports Brazilian Beef Exports (tons) 1.400.000 5.500 5.000 1.200.000 -0.1% 4.500 1.000.000 4.000 3.500 800.000 3.000 600.000 2.500 2.000 400.000 1.500 -5.6% 1.000 200.000 500 0 0 2006 2007 2008 2009 2010 2011 1Q11 1Q12 Australian Beef Exports (tons) US Beef and Veal Exports (tons) 1.400.000 5.500 1.400.000 6.500 -1.0% 5.000 17.1% 6.000 1.200.000 1.200.000 5.500 4.500 5.000 1.000.000 4.000 1.000.000 4.500 3.500 4.000 800.000 3.000 800.000 3.500 600.000 2.500 3.000 600.000 2.000 2.500 400.000 400.000 2.000 1.500 2.0% -11.9% 1.500 1.000 200.000 200.000 1.000 500 500 0 0 0 0 2006 2007 2008 2009 2010 2011 1Q11 1Q12 2006 2007 2008 2009 2010 2011 1T11 1T12 Beef and Veal exports Average Price (US$/Ton)Source: USDA, MLA & Secex PAGE 6
  • 7. Chicken Exports Brazil vs USBrazilian Chicken Exports (tons) USA Chicken Exports (tons)4.500.000 2.000 4.500.000 1.800 -2.6% 1.8004.000.000 4.000.000 1.6003.500.000 1.600 3.500.000 1.400 1.4003.000.000 3.000.000 1.200 1.200 15.8%2.500.000 2.500.000 1.000 1.0002.000.000 2.000.000 800 8001.500.000 1.500.000 600 4.5% 6001.000.000 1.000.000 13.5% 400 400 500.000 200 500.000 200 0 0 0 0 2006 2007 2008 2009 2010 2011 1Q11 1Q12 2006 2007 2008 2009 2010 2011 1Q11 1Q12 Chicken Exports Average Price (US$/Ton)Source: USDA & Secex PAGE 7
  • 8. Pork Exports US vs BrazilBrazilian Pork Exports (tons) USA Pork Exports (tons)1.800.000 3.500 1.800.000 3.500 -3.0% 3.000 3.0001.500.000 1.500.000 3.7% 2.500 2.5001.200.000 1.200.000 2.000 2.000 900.000 900.000 1.500 1.500 600.000 3.0% 600.000 1.000 19.7% 1.000 300.000 300.000 500 500 0 0 0 0 2006 2007 2008 2009 2010 2011 1Q11 1Q12 2006 2007 2008 2009 2010 2011 1Q11 1Q12 Pork Exports Average Price (US$/Ton)Source: USDA & Secex PAGE 8
  • 9. 1Q12 Highlights
  • 10. 1Q12 HighlightsJBS posted consolidated net revenue of R$16.0 billion, 9.1% higher than 1Q11.EBITDA was R$696.5 million. Consolidated EBITDA margin was 4.4%.JBS Mercosul was highlight during the 1Q12 and posted net revenue of R$3,827.4 million, an increase of 6.2% over1Q11. The EBITDA increased 64.9% over the same period and was R$508.6 million, EBITDA margin was 13.3%.JBS USA Pork business unit net revenue totaled US$855.4 million, 2.2% higher than 1Q11. The EBITDA wasUS$55.8 million.The Company ended the quarter with R$5.15 billion in cash or cash equivalent, which represents more than 100%of short-term debt.Adjusted net Income in the period was R$240.3 million excluding deferred income tax liabilities generated bygoodwill (this only generates effective income tax payment if the company sells the investment that generatedgoodwill). Without this adjustment net income was R$116.1 million.(1) 19/03/2012 PAGE 10
  • 11. JBS Consolidated Results – 1Q12 EBITDANet Revenue (R$ million) EBITDA and EBITDA Margin (R$ million) 16,934.5 1800,0 8,0 15,567.8 16,011.1 14,672.7 1600,0 5.7 5.6 14,116.3 5.1 4.0 4.4 1400,0 -3.8% +10.3% +8.8% -5.5% 1200,0 1000,0 940.6 835.9 786.8 800,0 696.5 587.7 600,0 -29.7% +33.9% +19.5% -26.0% 400,0 200,0 0,0 -12,0 1Q11 2Q11 3Q11 4Q11 1Q12 1Q11 2Q11 3Q11 4Q11 1Q12 EBITDA Margin (%)Source: JBS PAGE 11
  • 12. Quarterly Analysis Performance by Business Unit JBS Mercosul JBS USA JBS USA JBS USA (PPC) (Including Australia) Net sales (R$ billion) Net sales (US$ billion) Net sales (US$ million) Net sales (US$ billion) 1300,0 1220,0 4.5 1140,0 1060,0 923.1 855.4 3.9 3.8 4.2 4.1 980,0 836.6 846.0 867.1 2.0 1.9 3.8 900,0 1.9 1.9 1.8 4.0 820,0 3.6 3.6 3.8 740,0 660,0 580,0 500,0 420,0 340,0 260,0 180,0 100,0 1Q11 2Q11 3Q11 4Q11 1Q12 1Q11 2Q11 3Q11 4Q11 1Q12 1Q11 2Q11 3Q11 4Q11 1Q12 1Q11 2Q11 3Q11 4Q11 1Q12 EBITDA (R$ million) EBITDA (US$ million) EBITDA (US$ million) EBITDA (US$ million) 500 16,0% 14,0% 7.1% 12,0% 199,977 12.2%800 11.8% 13.3% 16,0% 10,0% 9.9% 8.8% 8.3% 13,0% 500 11.6% 10.7% 14,0% 400 4.4% 5.0% 8,0% 6.5% 9,0%700 8.6% 12,0% 6,0% 9,0% 5.5% 7,0% 1.1% -1.1% 4,0% 400 5,0% 508.6 10,0% 269.7 5,0%600 1.2% 2,0% 3,0% 427.9 453.8 407.7 8,0% 300 0,0% 223.6 101.7 1,0% -2.4% -1.7% 1,0%500 -2.8% 6,0% -2,0% 300400 308.3 4,0% 200 184.1 -4,0% -6,0% 99,977 83.6 75.9 77.0 -3,0% -1,0% -3,0% 2,0% -8,0% -7,0%300 0,0% -10,0% 55.8 200 -5,0%200 -2,0% -12,0% -14,0% -11,0% 104.0 -7,0% 44.7 -45.4 -4,0% 100 -9,0% -15,0%100 -6,0% -16,0% -18,0% -19,0% 100 -53.5 -47.6 -31.4 22.6 -11,0% -8,0% -13,0% -20,0% -22,0% 0 -10,0% 0 -0,023 -23,0% 0 -15,0% -24,0% 1Q11 2Q11 3Q11 4Q11 1Q12 1Q11 2Q11 3Q11 4Q11 1Q12 1Q11 2Q11 3Q11 4Q11 1Q12 1Q11 2Q11 3Q11 4Q11 1Q12 -17,0% -26,0% -19,0% -28,0% -100 -100 -30,0% -21,0% -23,0% -200 -25,0% EBITDA Margin (%) Source: JBS PAGE 12
  • 13. JBS Consolidated Exports Distribution in 1Q12Approximately US$ 2.0 billion in 1Q12 Mexico 14.7% Others 20.7% China, Hong Kong and Vietnam 14.4% Taiwan 2.5% US$ 2,039.7 million Chile 3.8% Japan 10.2% Canada 4.7% Africa and Middle East 7.9% E.U 5.9% Russia 9.1% South Korea 6.1%Source: JBS PAGE 13
  • 14. Debt ProfileNet debt to EBITDA, excluding Pilgrim’s Pride Corp. (PPC)* was 3.6x.Net debt to EBITDA, including Pilgrim’s Pride Corp. (PPC)* was 4.3x.The Company ended the quarter with R$5.15 billion in cash or cash equivalent, which represents more than 100% of short-term debt. Leverage ST / LT Debt Profile 1500 4.3x 1Q11 30% 70% 4.0 4.0 4 4 1300 3.6 3.6x 1100 3.2 2Q11 27% 73% 3.1 3.0 3.0 3 3 900 3Q11 28% 72% 700 2 2 500 4Q11 28% 72% 300 1 1 100 1Q12 27% 73% -100 1Q11 2Q11 3Q11 4Q11 1Q12 0 0 . Leverage EBITDA Short Term Long Term . LeverageEx-PPC EBITDA Ex-PPCSource: JBS PAGE 14* subsidiary controlled by JBS with non-recourse debt.
  • 15. JBS actions related to cattle traceability and the Amazon Biome Sustainability EnvironmentalJBS SA participates in CDP - Carbon Disclosure Project.Also, JBS integrates the Carbon Efficient Index of BOVESPA - ICO2.Satellite image monitoring of the Amazon BiomePurpose: reduce deforestation in the Amazon Biome; avoidpurchasing cattle from Environmentally Protected Areas – EPAs,Indigenous reserves and protected areas; eradication of slavelabor in Brazil. AmazonSocial & Environmental JBS Brazil monitors a 100% of its cattle suppliers properties via satellite geo-referencing (GPS monitoring). JBS contains a database of almost 12,000 cattle ranches registered in the Amazon Biome. After the property coordinates are collected, the data is keyed into JBS’s registry of cattle suppliers and is sent to an outsource company to be analyzed by superimposing on a map constructed from satellite images and the DETER(1) and PRODES(2) produced by Brazil’s National Satellite image Institute for Space Research – INPE. Source: JBS Sustainability Policy (1)Real Time Deforestation Detection PAGE 15 (2)Legal Amazon Deforestation Monitoring Project
  • 16. 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.