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.