3. JBS Ranking
1 Market Leader
2 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
10. 1Q12 Highlights
JBS 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% over
1Q11. 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 was
US$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 by
goodwill (this only generates effective income tax payment if the company sells the investment that generated
goodwill). Without this adjustment net income was R$116.1 million.
(1) 19/03/2012 PAGE 10
13. JBS Consolidated Exports Distribution in 1Q12
Approximately US$ 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 Profile
Net 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-PPC
Source: JBS PAGE 14
* subsidiary controlled by JBS with non-recourse debt.
15. JBS actions related to cattle traceability and the Amazon Biome
Sustainability
Environmental
JBS SA participates in CDP - Carbon Disclosure Project.
Also, JBS integrates the Carbon Efficient Index of BOVESPA - ICO2.
Satellite image monitoring of the Amazon Biome
Purpose: reduce deforestation in the Amazon Biome; avoid
purchasing cattle from Environmentally Protected Areas – EPAs,
Indigenous reserves and protected areas; eradication of slave
labor in Brazil.
Amazon
Social & 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 on
our 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.
