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Financial Data and Key Metrics Changes - The company reported a net income of BRL823 million in Q4 2023, marking a significant improvement in operational performance and financial discipline throughout the year [2][24] - The EBITDA for Q4 2023 was BRL1.9 billion, resulting in a 13% margin, the best quarterly result in many years [41] - Free cash flow performance reached BRL613 million, the highest cash generation reported in any quarter in the last three years [52] - The company achieved a leverage ratio of 2x EBITDA, the lowest in seven years, indicating improved financial stability [10][51] Business Line Data and Key Metrics Changes - In Brazil, the EBITDA margin improved to 15.6%, supported by successful holiday campaigns and better product availability [11][12] - The international market saw a recovery with double-digit margins, driven by new price levels for poultry and efficiency gains from the BRF Plus program, resulting in a 7 percentage point increase in EBITDA margin compared to the previous year [13][24] - The ingredients and pet business reported an EBITDA margin of 11.7%, with increased sales in the Super Premium Natural category [15][16] Market Data and Key Metrics Changes - The company maintained market share leadership with Sadia and Banvit brands, holding 37% and 21% shares in their respective markets [14] - The average cost of goods sold (COGS) per kilogram in the last quarter was 8% lower than the average for the year, attributed to reduced grain consumption [18][49] - The company secured 66 new plant licenses for markets in Latin America, Asia, Europe, and South Africa, enhancing its export capabilities [25] Company Strategy and Development Direction - The company emphasized operational efficiency and financial discipline as key drivers for profitability and cash generation [22][24] - The BRF Plus program continues to evolve, focusing on improving efficiency across all operations, with Version 2.0 already underway [26][137] - The company aims to capitalize on market opportunities by leveraging its strong brand presence and expanding into new markets [34][110] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2024, citing healthy prices and a competitive cost ratio that should lead to strong results in the first quarter [32][34] - The company noted a balanced supply-demand environment, which is expected to support volume growth without sacrificing profitability [94][128] - Management highlighted the importance of continuous improvement and adaptation to market conditions as part of their strategic focus [121][137] Other Important Information - The company achieved 100% traceability in direct grain suppliers and 77% for indirect suppliers in critical biomes, reflecting its commitment to sustainability [19][50] - The company reported the best occupational safety rates in its history, reinforcing its market benchmark position [26] Q&A Session Summary Question: What are the expectations for cost reductions and inventory management in 2024? - Management indicated that operational leverage and the BRF Plus program contributed to significant cost reductions, with expectations for continued efficiency gains in 2024 [30][62] Question: Can the company maintain low inventory levels while ensuring profitability? - Management confirmed that the company can sustain efficient inventory levels without risking disruptions, thanks to improved information systems and operational execution [73][128] Question: How does the company view its capital allocation and growth strategy moving forward? - The focus remains on organic growth and maintaining a strong financial position, with plans to invest around BRL3 billion in 2024 while managing debt levels [66][100] Question: What is the outlook for the export market, particularly in Japan and China? - Management noted that Japan is returning to normal pricing levels, while opportunities in China are being monitored closely, with expectations for gradual recovery [105][109] Question: How does the company plan to address volume growth in the domestic market? - Management expressed confidence in expanding volumes in key categories, supported by strong market demand and operational capacity [116][128]

BRF S.A. (NYSE:BRFS) Q3 2023 Results Conference Call November 14, 2023 8:30 AM ET Company Participants Miguel Gularte - Chief Executive Officer Fabio Mariano - Chief Financial Officer Conference Call Participants Ricardo Alves - Morgan Stanley Gustavo Troyano - Itau BBA Leonardo Alankar - XP Isabella Simonato - Bank of America Thiago Duarte - BTG Pactual Lucas Ferreira - JP Morgan Operator Good morning, ladies and gentlemen. Welcome to BRF's Q3 2023 Earnings Conference. This conference is being recorded and ...

26. Other Operating Income (Expenses) 86 Parent company Consolidated 2023 2022 2023 2022 Jul - Set Jan - Set Jul - Set Jan - Set Jul - Set Jan - Set Jul - Set Jan - Set Recovery of expenses 3,251 35,048 10,353 111,733 6,163 38,829 10,792 115,775 Provision reversal 132 656 266 1,302 1,715 2,249 278 1,329 Scrap sales 3,374 10,204 2,971 8,948 4,121 12,614 3,913 11,444 Provision for civil and tax risks (4,400) 1,020 (17,351) (92,258) (5,285) (1,551) (17,738) (93,098) Other employees benefits (5,552) (13,428) (5 ...

BRF S.A. (NYSE:BRFS) Q2 2023 Earnings Conference Call August 15, 2023 9:00 AM ET Company Participants Miguel Gularte - Chief Executive Officer Fabio Mariano - Chief Financial Officer Conference Call Participants Gustavo Troyano - Itau BBA Lucas Ferreira - JPMorgan Thiago Duarte - BTG Pactual Isabella Simarato - Bank of America Thiago Bortoluci - Goldman Sachs Pedro Fonseca - XP Inc. Operator Good morning, ladies and gentlemen. Welcome to BRF's Q2 2023 Earnings Conference. This conference is being recorded a ...

Interim Financial Information Individual and Consolidated (A free translation of the original in Portuguese) Índex Interim Financial Information Individual and Consolidated | June 30, 2023 Interim Financial Information Individual and Consolidated | June 30, 2023 Interim Financial Information Individual and Consolidated | June 30, 2023 2 3 Statements of Financial Position June 30, 2023 Statements of Financial Position 4 Statements of Income (Loss) 5 Statements of Comprehensive Income (Loss) 6 Statements of C ...

Company Participants Fábio Mariano – Chief Financial Officer Isabella Simonato – Bank of America BRF S.A. (NYSE:BRFS) Q1 2023 Earnings Conference Call May 16, 2023 9:00 AM ET Miguel Gularte – Chief Executive Officer Conference Call Participants Gustavo Troyano – Itaú BBA Thiago Bortoluci – Goldman Sachs Thiago Duarte – BTG Pactual Leonardo Alencar – XP Lucas Ferreira – JPMorgan Operator Good morning, ladies and gentlemen. Welcome to BRFÂ's conference call to discuss results regarding the First Quarter of 20 ...

DIVESTMENT PLAN following planned pace and with all fronts in course PROGRESS IN COMMERCIAL EXECUTION IN BRAZIL: greater adherence to suggested prices RELEVANT RECOVERY TREND of chicken prices compared with the beginning of the year Increase of share of 1.7 p.p. in VALUE-ADDED PRODUCTS in Turkey and in the GCC DOWNWARD TREND OF GRAIN PRICES with a more significant impact on costs to be seen as of 2H23 COMFORTABLE LIQUIDITY POSITION (R$ 12 bi) WITH A LONG AND DIVERSE DEBT PROFILE HIGH PERFORMANCE MANAGEMENT ...

Table of Contents Table of Contents 87 BRF S.A. * BRF GmbH (Austria) 100% 99.9% ERF Global GmbH BRF Foods LLC (Austria) 0.1% 100% 89 D. 90 Table of Contents Part of our real estate assets are subject to liens incurred in connection with financing agreements, payment of taxes and lawsuits, as described in note 13 to our consolidated financial statements. 93 Environment Table of Contents We are committed to the safety of our facilities. All our employees and contractors in Brazil and abroad must follow our sa ...

BRF S.A. Publicly-Held Company CNPJ 01.838.723/0001-27 NIRE 42.300.034.240 ORDINARY AND EXTRAORDINARY GENERAL SHAREHOLDERS' MEETING INDEX 2 - Guideline to Participate in the General Shareholders' Meeting 2.1.1 Shareholders 2.1.1.2. Corporate Shareholders p.05 2.1.1.4. Foreign Shareholders p.06 2.2 – Participation by distance vote form p. 07 2.2.3. By sending the Distance Voting Form Directly to BRF. p.09 2.3.2. Deliberation Quorum p.11 1 – MANAGEMENT MESSAGE BRF S.A. ("BRF" or "Company") is a company whose ...