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PRESENTATION
A GLOBAL
FOOD
COMPANY
43,912 -14.3%
37,616
10.8% 11.8%
4,764 -7.2%
4,421
| Net revenue of R$37.6 billion in 1Q17, a reduction of 14.3% over 1Q16, impacted by FX
effect.
| Gross profit of R$4.4 billion, with gross margin increasing from 10.8% in 1Q16 to 11.8%
in 1Q17.
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1Q17 CONSOLIDATED HIGHLIGHTS
EBITDA (R$ MILLION) NET INCOME (R$ MILLION)
EBITDA Margin (%)
4.9% 5.7%
422
2,137 0.2% 2,141
1Q16 1Q17
-2,741
1Q16 1Q17
| EBITDA was R$2.1 billion, with EBITDA margin increasing from 4.9% in 1Q16 to 5.7% in
1Q17.
4.10x 4.32x 4.16x 4.20x | The Company ended the quarter with
3.84x
R$10.7 billion in cash.
48,745 49,178 48,855
46,905 47,806
| JBS net debt was R$47.8 billion at the
end of 1Q17.
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DEBT PROFILE 1Q17
BREAKDOWN BY CURRENCY
AND COST BREAKDOWN BY SOURCE BREAKDOWN BY COMPANY
12.45% p.a.
R$
7.8% Commercial
Banks JBS USA JBS S.A.
62.1% 47.0% 41.5%
Capital
US$ Markets
92.2% 37.8%
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BUSINESS UNITS
1Q17
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SEARA 1Q17
NET REVENUE (R$ MILLION) EBITDA (R$ MILLION)
4,286.6 13.5%
-4.7% 4,085.2
5.3%
579.5
-62.8%
215.8
6,983.4 10.9%
-11.1%
6,211.4
761.4
761.4 1.0%
-92.2%
59.4
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JBS USA BEEF 1Q17
INCLUDING AUSTRALIA AND CANADA
NET REVENUE (US$ MILLION) EBITDA (US$ MILLION)
5.8%
4,919.6 3.7%
4,649.6
-4.6%
183.4
-214.8
Swift 1Q16 1Q17 1Q16 1Q17
(bolinha) e
Primo | Increase in sales volumes in both markets, domestic and
international.
| Greater cattle availability during the quarter favored a reduction in
cost per head higher than the decrease in beef prices.
| Beef exports grew more than 25% in the period, positively impacting
results of the North America operation.
| Increase in prices in the australian domestic market as a result of
operations and brand investments at Primo and Andrews Meats.
10
JBS USA PORK 1Q17
NET REVENUE (US$ MILLION) EBITDA (US$ MILLION)
1,396.9
11.2%
1,256.6
11.4%
8.1%
159.4
56.1%
102.1
11
JBS USA CHICKEN (PPC) 1Q17
NET REVENUE (US$ MILLION) EBITDA (US$ MILLION)
1,962.9 2,020.5
2.9% 11.9%
10.1%
8.8%
370.4 8.2%
347.5 6.6%
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DISCLAIMER
This release contains forward-looking statements relating to the prospects of the business, estimates for operating and
financial results, and those related to growth prospects of JBS. These are merely projections and, as such, are based
exclusively on the expectations of JBS management concerning the future of the business and its continued access to
capital to fund the Companys business plan. Such forward-looking statements depend, substantially, on changes in
market conditions, government regulations, competitive pressures, the performance of the Brazilian economy and the
industry, among other factors and risks disclosed in JBS filed disclosure documents and are, therefore, subject to
change without prior notice.
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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. 15