Investor Relations

Company Presentation

November, 2020

Marfrig A T A

Company Highlights

2nd largest beef producer worldwide

Cattle slaughtering capacity of 30,100 head/day and lamb slaughtering capacity of 6,500 head/day

Largest beef patties producer worldwide

Production capacity of 222 thousand tons of beef patties/year

Production in the best geographies in the world with access to premium markets

National Beef is one of the most profitable and efficient beef companies in the US

South America operation has the highest number of plants certified to export to China

Expertise in industrialized and plant-based products coupled with strategic partnerships

G L A N C E

Financial Highlights

Revenue¹ by business unit2 Revenue¹ by Currency2

74%

89%

8%

North America

In US$

South America

US$

BRL

Others

North America

R$ 49.2bn

Net Revenue 9M20

R$ 7.5bn

Adjusted EBITDA 9M20

1.68x

Net Debt/Adj. EBITDA1,3

2

Note: (1) As of 3Q20 LTM; (2) As of 3Q20; (3) Presented on a pro forma basis to give effect to the acquisition of national beef, Iowa Premium, LLC, and Quickfoods

S.A. as if they had occurred on January 1, 2018 and certain related indebtedness incurred in connection with each acquisition

Source: Company

A c q u i s i t i o n s p h a s e

A global path

2007

2008

2009

2010

2011

IPO(B3: Brazil)

Moy Park

Seara

Keystone

Greenpeace

Acquisition of beef

Acquisition of

Acquisitions of

Acquisition of

First food

processing units

the first

Seara; Grupo

Keystone Foods

company in the

in Brazil, in Mato

international

Zenda;

world to sign a

Grosso, Mato

asset of global

Brazilian turkey

public

Grosso do Sul and

scale

operation owned

commitment

São Paulo

by Doux Frangosul;

Leasing of 12

slaughter facilities

3

A global path

R e a d j u s t m e n t

Portfolio

2013

2014

2018

2019

Asset Sales

Moy Park

National Beef and

Added value

Divestment of Seara

Sale of Moy Park.

Keystone

Acquisition of BRF

and Zenda

Company's

Shift in Marfrig's strategic

assets, Quickfood

businesses units.

strategy to focus

direction towards beef protein

and Várzea Grande

Launch new

on food service

and higher value products,

Plant Based Burger

organizational

Attainment of a low-leverage

culture "Focus to

capital structure.

Win"

4

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Marfrig Global Foods SA published this content on 24 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 November 2020 15:04:05 UTC