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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
Well-recognized Brands, symbols of quality1 Market Leader2 Well-recognized brands Brazil Argentina USA Australia PAGE 4
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$116.1 million.(1) 19/03/2012 PAGE 10
JBS Consolidated Exports Distribution in 1Q12Approximately US$ 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
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.
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
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.