Marfrig Global Foods S A : Earnings Presentation - 4Q22
March 01, 2023 at 05:39 pm EST
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EARNINGS
PRESENTATION
4rd Quarter / 2022
EARNINGS RELEASES
HIGHLIGHTS OF 2022
Consolidated Net Revenue
R$ 130.6 billion
Consolidated ADJ EBITDA
R$ 12.7 billion
Mg. ADJ EBITDA
9.8%
FINANCIAL | OPERATIONAL
North America Operation
Net Revenue: US$ 11.9 billion
ADJ EBITDA Margin : 11.1%
BRF
Net Revenue: R$ 41.6 billion
ADJ EBITDA Margin : 9.1%
Controlling interest Net Profit
R$ 4.2 billion
Operating Cash Flow
R$9.3 billion
Free Cash Flow
R$ 678 million
South America Operation
Net Revenue: R$ 27.6 billion ADJ EBITDA Margin 8.4%
Financial Leverage (ex-BRF)
In Real: 2.72x | In dollar: 2.69x
Revenue by Currency
Dollar: 75% | Real: 22% | Others: 3%
Revenue by Operation
North America South America BRF
47%
21%
32%
ADJ EBITDA by Operation
North America South America BRF
52%
18%
30%
EARNINGS
Dividend advance: R$ 1.1 billion in dividends (R$ 500 million in 3Q22 and R$ 600 million in 4Q22
SUSTAINABILITY
Marfrig leads the main ESG rankings
in 2022
2
Números Consolidados: A partir de 1 de abril de 2022, a Marfrig, de acordo com as normas CPC 15 e CPC 36, passou a consolidar as Demonstrações Financeiras da BRF S.A. - Exceto quando indicado, as informações apresentadas serão "EX" BRF
EARNINGS RELEASES
HIGHLIGHTS OF 4Q22
Consolidated Net Revenue
R$ 37.4 billion
Consolidated ADJ EBITDA
R$ 2.2 billion
Mg. ADJ EBITDA
6,0%
FINANCIAL | OPERATIONAL
North America Operation
Net Revenue: US$ 3.1 billion
ADJ EBITDA Margin: 4.7%
BRF
Net Revenue: R$ 14.7 billion
ADJ EBITDA Margin: 6.7%
Consolidated Net Profit
R$ 3.5 billion
Net Cash Flow
R$ 936 million
South America Operation
Net Revenue: R$ 6.6 billion
ADJ EBITDA Margin: 8.0%
Financial Leverage (ex-BRF)
In Real: 2.72x | In Dollar: 2.69x
Revenue by Currency
Dollar: 70% | Real: 27% | Others: 3%
Revenue by Operation
North America South America BRF
43%18%39%
ADJ EBITDA by Operation
North America South America BRF
34%22%44%
BIOMES
JV fully dedicated to forest restoration, conservation and preservation activities
in Brazil
Marfrig "CASE" in "HARVARD"
Our sustainability actions were recognized by the Harvard Business School
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OPERATIONS
4
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 - 2022
SALES VOLUME
(Thousand tons)
+2.3%
2.051 2.098
86%87%
20212022
NET REVENUE
(US$ million)
+1.7%
11.673 11.874
88%88%
20212022
3,000
2,500
2,000
1,500
1,000
500
0
ADJ EBITDA (US$ million)
ADJ EBITDA Margin (%)
-10.9 p.p.
22.0%
11.1%
-48.6%
2.571
1.322
2021 2022
Net Revenue
US$ 11.9
Billion
ADJ EBITDA
52 %
of the
consolidated
Exports
Domestic Market
Exports
Domestic Market
ADJEBITDA
ADJEBITDA Margin
5
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Disclaimer
Marfrig Global Foods SA published this content on 01 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 March 2023 22:38:09 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.
MARFRIG GLOBAL FOODS S.A. 
