JBS (JBS) Investor presentation summary

Global leadership and scale

• Operates over 250 production facilities with 280,000+ employees, selling to nearly 200 countries.

• Holds #1 global positions in poultry and beef, and leading roles in pork, prepared foods, plant-based, salmon, and eggs.

• 2025 net revenues projected at $86 billion, ranking as the largest food company globally by revenue (excluding beverages).

Diversification and operational strategy

• Diversified by protein type and geography, with significant production and consumption footprints in the US, Brazil, Europe, and Oceania.

• Strategic acquisitions and investments have driven revenue and EBITDA growth, expanding value-added and branded product portfolios.

• Recent capex projects include new and modernized facilities in the US, Mexico, Paraguay, Europe, Brazil, Saudi Arabia, Oman, and Vietnam.

Financial performance and capital allocation

• Adjusted EBITDA margin improved from a median of 5.1% (2008–2012) to 9.7% (2018–2022), reflecting margin expansion and reduced volatility.

• Free cash flow generation supports investments, dividends, share buybacks, and deleveraging, with net leverage declining to 2.39x by 1Q26.

• Dividend distributions have increased, with $1.071 billion to be paid in June 2026, transforming the company into a dividend stock.