JBS (JBS) JBS Day 2025 Presentation summary

Strategic positioning and global footprint

• Operates over 250 production facilities with more than 280,000 team members, selling to customers in 180+ countries.

• Holds leading positions in global poultry, beef, pork, prepared foods, plant-based, salmon, and egg markets.

• Net revenue for 1Q25 is diversified by geography and protein, with 52% from the USA and significant contributions from Brazil, Europe, and Australia/New Zealand.

• Sales by consumption are also globally diversified, with 51% in the USA, 12% in Brazil, and 12% in Asia.

• Employs 158,000 in Brazil, 78,000 in the USA/Canada, and significant teams in Europe, Australia/New Zealand, and MENA.

Financial performance and capital allocation

• 2024 net revenues reached $77 billion, ranking among the top global food companies.

• EBITDA has grown significantly through strategic acquisitions and operational efficiency, with a 14x increase in Pilgrim's Pride and a $2.8bn turnaround in Seara.

• Adjusted EBITDA margin improved from a median of 5.1% (2008-2012) to 9.5% (2018-2022), reflecting diversification and margin expansion.

• Free cash flow generation supports investments, dividends, and deleveraging, with net leverage reduced to 1.46x by 1Q25.

• Dividend distributions have increased, with a 288% total shareholder return since 2019 and $1.18bn paid in 2024.

Brand strength and market leadership

• Owns over 150 brands, with strong household penetration and market leadership in key regions (e.g., Seara in Brazil, Primo in Australia, Richmond in the UK).

• Just Bare in the USA achieved 47% CAGR and 11% market share, while Seara in Brazil reached 93% household penetration.

• UK brands Richmond and Fridge Raiders grew 73% since 2019, with #1 positions in sausage and protein snacking.

• MENA region saw revenue grow from $0 to $424M (2021-2024), with Seara achieving 93% brand awareness.

• Primo in Australia holds 82.3% household penetration and is the fastest-growing innovation in its category.