Consolidated Net Renevue

R$ 22.3 billion +29.6% vs 1Q21

Consolidated Net Profit

R$ 109 million in the 1Q22

R$ 4.2 billion in the accumulated LTM 1Q22

Revenue by Currency

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

Consolidated adjEbitda

R$ 2.7 billion +60.9% vs 1Q21

Mg. adjEbitda 12.3% +239bps vs 1Q21

FINANCIAL | OPERATIONAL

Operating Cash Flow

R$ 1.2 billion +R$ 1.4 billion vs 1Q21

R$ 1.2 billion +R$ 1.9 billion vs LTM 1Q22

Revenue by Operation

North America 71%

South America 29%

adjEbitda by Operation

North America 85%

South America 15%

North America Operation

Revenue: US$ 3.0 billion

+31% vs 1Q21

adjEbitda Margin: 15.0%

+301bps vs 1Q21

Financial Leverage

Real: 1.36x (1Q22) vs 1.76x (1Q21) Dollar: 1.53x (1Q22) vs 1.69x (1Q21)

Upgrade - Rating

Credit rating increase from BB to BB+

South America Operation

Revenue: R$ 6.5 billion

+41% vs 1Q21

adjEbitda Margin: 6.4%

+175 bps vs 1Q21

Capex

Investment of R$ 2.8 billion during the last twelve months in strategic projects focusing on operational improve and growing.

Dividends

Distribution of R$ 383 million in dividends, payment occurred in april 2022.

NORTH AMERICA OPERATION

OPERATIONAL AND FINANCIAL PERFORMANCE - 1Q22

SALES VOLUME

NET REVENUE

adjEBITDA (US$ million)

(Thousand tons)

(US$ million)

& adjEBITDA Margin (%)

Net Revenue

+3.0 p.p.

+2.9%

+30.6%

71%

15.0%

508

523

3,023

1,000

12.0%

900

of the consolidated

2,315

800

700

+63.4%

EBITDA

600

500

453

88%

400

85%

87%

300

277

200

100

Of the consolidated

0

1Q21

1Q22

1Q21

1Q22

1Q21

1Q22

ExportsDomestic Market

ExportsDomestic Market

EBITDAMargin EBITDA

88%

84%

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)

6,403

6,4646,356

-1.7%

1Q21

4Q21

1Q22

1Q21

4Q21

1Q22

1Q21

4Q21

1Q22

1Q21

4Q21

1Q22

  • The strong consumption of beef, mainly in the domestic market, caused the sales price to grow 21.8% compared to 1Q21.

  • The Cutout Ratio in 1Q22 was 1.98 (stable vs 1Q21).

5

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Marfrig Global Foods SA published this content on 03 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 May 2022 03:12:05 UTC.