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    MRFG3   BRMRFGACNOR0

MARFRIG GLOBAL FOODS S.A.

(MRFG3)
  Report
End-of-day quote. End-of-day quote Bolsa de Valores de Sao Paulo - 11/29
23.88 BRL   +0.76%
11/12Comunicado ao Mercado
PU
11/05Institutional Presentation - 3Q21
PU
10/26Marfrig Global Foods S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
CI
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Marfrig Global Foods S A : 2Q21 - Earnings Presentation

08/11/2021 | 07:09am EST

EARNINGS

PRESENTATION

2º QUARTER / 2021

EARNING RELEASES

2Q21 - HIGHLIGHTS

Consolidated Net Renevue

R$ 20.6 billion +9.0% vs 2Q20

Revenue by Currency

Dollar: 90% | Real: 7% | Other: 3%

FINANCIAL | OPERATIONAL

North America Operation

Revenue: US$ 2,948 million

adjEbitda Margin: 24.5%

South America Operation

Revenue : R$ 5,024 million

adjEbitda Margin : 3.6%

Consolidated Net Profit

R$ 1.7 billion +9.0% vs 2Q20

Revenue & adjEbitda by Operation

North America

South America

76% | 96%

24% | 4%

Financial Leverage

Real: 1.45x vs

Dollar: 1.55x vs

2.07x in the 2Q20

1.79x in the 2Q20

Equity Investment

Acquisition of relevant passive stake in

BRF

Consolidated adjEbitda

R$ 3.9 billion

Mg. adjEbtida

19.1%

Operating Cash Flow

R$ 3.0 billion

Free Cash Flow

R$ 2.2 billion

Dividends

Distribution of R$ 958.4 million | dividend yield of around 7.0%.

Buyback Program

Buyback program of 26 million shares

Cancellation of 20 million treasury

shares.2

OPERATIONS

3

N O R T H A M E R I C A O P E R A T I O N

OPERATIONAL AND FINANCIAL PERFORMANCE - 2Q21

SALES VOLUME

(Thousand tons)

+12,5%

NET REVENUE

adjEBITDA (US$ million)

(US$ million)

& adjEBITDA Margin (%)

+10,1%

0,8 p.p.

Net Revenue

US$ 2.9

507

451

2.678

2.948

23,7%

24,5%

1.200

1.100

1.000

+13,8%

900

800

722

635

700

600

BILLION

76 %

84%86%

2Q20 2Q21

EM DM

91% 89%

2Q20 2Q21

EM DM

500

400

300

200

100

0

2Q20

2Q21

EBITDA

EBITDA Margin

of the

consolidated

4

A M É R I C A

D O

N O R T E

MARKET DATA

USA

Kills

Cattle Price

Domestic Price

Spread

(USDA F.I. Steer/Heifer Kill)

(USDA KS Steer $/cwt)

(USDA Comprehensive Cutout $/cwt)

(Cutout Ratio)

+17,4%

+12,0%

0,0%

-8,9%

5.598

6.402

6.570

107

113

120

292

292

2,69

2,45

+2,6%

225

+5,9%

1,99

+30,1%

+23,1%

2Q20

1Q21

2Q21

2Q20

1Q21

2Q21

2Q20

1Q21

2Q21

2Q20

1Q21

2Q21

  • The sector showed excellent performance, highlighting strong demand and wide availability of cattle, resulting in a significant slaughter of 6,570 million heads (+17.4% vs 2Q20).
  • The quarter was marked by a high consumption of beef, driven by the US economic recovery, especially in the foodservice sector, and Barbecue Season kept its sales price stable year-on-year.
  • The Cutout Ratio in 2Q21 was 2.45 (-8.9% vs 2Q20), a drop reflecting higher cattle prices and stable sales.

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Marfrig Global Foods SA published this content on 10 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2021 22:45:05 UTC.


ę Publicnow 2021
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Financials
Sales 2021 77 967 M 13 898 M 13 898 M
Net income 2021 4 108 M 732 M 732 M
Net Debt 2021 14 749 M 2 629 M 2 629 M
P/E ratio 2021 3,84x
Yield 2021 8,61%
Capitalization 16 344 M 2 907 M 2 913 M
EV / Sales 2021 0,40x
EV / Sales 2022 0,36x
Nbr of Employees 32 010
Free-Float 48,5%
Chart MARFRIG GLOBAL FOODS S.A.
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Marfrig Global Foods S.A. Technical Analysis Chart | MarketScreener
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Technical analysis trends MARFRIG GLOBAL FOODS S.A.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 23,88 BRL
Average target price 27,17 BRL
Spread / Average Target 13,8%
EPS Revisions
Managers and Directors
Miguel de Souza Gularte Chief Executive Officer
David Tang Chief Financial & Administrative Officer
Marcos Antonio Molina dos Santos Chairman
Ant˘nio dos Santos Maciel Neto Independent Director
Herculano AnÝbal Alves Independent Director
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