CADE: Issued an opnion approving, without restrictions, the acquisition of BRF shares.
Consolidated adjEbitda
R$ 4.7 billion +115.6% vs 3Q20
Mg. adjEbtida
20.0% +700bps vs 3Q20
Operating Cash Flow
R$ 4.7 billion +98% vs 3Q20
Free Cash Flow
R$ 3.8 billion +134% vs 3Q20
Efficiency Program
Capture of R$ 15.0 million comparing to 2Q21 and capture of R$ 64.4 million against 3Q20.
Dividends
Payment in september 28 of R$ 958.4 million
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 - 3Q21
SALES VOLUME
NET REVENUE
adjEBITDA (US$ million)
(Thousand tons)
(US$ million)
& adjEBITDA Margin (%)
Net Revenue
+12.4 p.p.
+43.2%
US$ 3.2
0.6%
26.8%
513
516
3,202
2,000
14.4%
BILLION
1,900
1,800
2,236
1,700
1,600
1,500
+166.7%
1,400
1,300
71 %
1,200
1,100
857
86%
85%
88%
1,000
900
800
of the
89%
700
600
500
321
400
consolidated
300
200
100
0
3Q20
3Q21
3Q20
3Q21
3Q20
3Q21
Exports
Domestic Market
Exports
Domestic Market
EBITDA
Margem EBITDA
4
N O R T H A M E R I C A
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)
-2.4%
+20.9%
+42.6%
+17.1%
6,632
6,570
6,472
120
122
292
299
2.45
2.46
2.10
-1.5%
101
+1.5%
+2.2%
+0.4%
210
3Q20
2Q21
3Q21
3Q20
2Q21
3Q21
3Q20
2Q21
3Q21
3Q20
2Q21
3Q21
The high demand of beef, driven by the US economic recovery, especially in the foodservice sector, added to seasonality (Barbecue Season) caused the increase in sales prices by 42.6% compared to 3Q20 and offset the increase in the cost of cattle.
The Cutout Ratio in 3Q21 was 2.46 (17.1% vs 3Q20), reflecting the excellent moment for beef protein, especially in the domestic market.
5
"USDA KS Steer": cattle price reference in the U.S. state of Kansas. A "hundredweight," or Cwt, is a weight-measuring unit used in certain commodity contracts. In North America, a hundredweight equals 100 pounds.
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Marfrig Global Foods SA published this content on 26 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2021 15:36:03 UTC.
Marfrig Global Foods S.A. pecializes in the production and processing of beef and lamb. The group is also developing a feed manufacturing business.
At the end of 2021, the group had over 30 production sites worldwide.
Brazil accounts for 76.1% of net sales.