WH Group Limited 288 8,990 158 24,333 6,296 1,522 797 10,540 10,540 3,298 3,298 EBITDA 1 1,064 1,321 419 420 2 815 815 329 329 366 531 178 179 219.6% 147.7% 105.6% 1 EBITDA 2 1
2410 10,540 10,540 3,298 3,298 (8,604) (358) (8,962) (2,732) (11) (2,743) 1,936 (358) 1,578 566 (11) 555 (728) (728) (118) (118) (372) (372) (98) (98) 311 311 5 5 304 304 7 7 57 57 35 35 14 14 4 4 (50) (50) (35) (35) (184) (184) (6) (6) 8 8 4 4 21 21 4 702 257 959 352 1 353 5 (225) (92) (317) (84) (84) 477 165 642 268 1 269 2
41 (46) (46) 41 (61) (101) (162) (208) 41 434 310 531 179 111 90 642 269 342 210 92 100 434 310 7 4.96 1.81 7 4.68 1.70 3
8 4,160 4,132 200 208 9 213 204 1,838 1,835 1,767 1,780 418 415 144 121 43 123 14 9 72 42 105 120 8,974 8,989 9 1,239 1,116 10 2,136 1,808 11 862 870 463 242 5 5 1 37 161 151 39 6 47 57 662 875 5,615 5,167 4
12 636 851 13 1,124 1,146 45 44 234 21 14 771 684 14 63 76 2,873 2,822 2,742 2,345 11,716 11,334 14 6,710 6,672 13 143 150 24 25 829 824 6 9 556 516 8,268 8,196 3,448 3,138 1 1 2,632 2,274 2,633 2,275 815 863 3,448 3,138 5
70 107 (238) (213) (18) 195 (186) 89 799 674 (14) 16 599 779 662 826 (63) (47) 599 779 6
1. 34 34 2. 3. (i) (ii) (iii) (iv) 7
(i) (ii) (iii) (iv) 1,989 1,652 34 199 3,874 (321) (31) (120) (472) 1,989 1,331 3 79 3,402 353 83 + (31) 405 3,277 2,993 1,706 7,976 (127) (1,491) (1,618) 3,277 2,866 215 6,358 211 82 135 (64) 364 340 434 276 1,050 (20) (3) (247) (270) 320 431 29 780 11 + 35 46 + 1 8
5,606 5,079 2,016 199 12,900 (20) (451) (1,769) (120) (2,360) 5,586 4,628 247 79 10,540 575 165 170 (95) 815 71 (29) 257 (184) 8 21 959 1,895 1,574 40 216 3,725 (294) (33) (100) (427) 1,895 1,280 7 116 3,298 300 54 3 (28) 329 36 (11) 1 (6) 4 353 9
4. 173 59 3 + 2 2 6 8 2 + 61 24 46 9 15 3 + 1 5. (99) (80) (1) (100) (80) (120) (24) (33) (73) 29 (317) (84) 10
6. 7. 531 179 10,713.45 9,894.74 631.58 631.58 11,345.03 10,526.32 High Zenith Limited 8. 249 74 11
9. 1,522 1,336 2,095 2,010 6,421 7,057 1,045 1,047 11,083 11,450 (i) (ii) 12
1,239 1,116 213 204 1,452 1,320 10. 670 595 101 89 1,365 1,124 2,136 1,808 13
11. 855 861 7 9 862 870 30 0 30 788 778 31 90 65 79 91 180 9 13 180 + + 862 870 + 1 14
12. 636 851 30 0 30 597 756 31 90 31 87 91 180 2 8 180 6 636 851 15
13. 142 196 336 342 86 78 121 105 116 109 26 26 1 1 4 5 68 65 7 46 9 8 39 35 47 69 48 48 217 163 1,267 1,296 1,124 1,146 143 150 1,267 1,296 16
14. 6.625% 1,021 1,021 7.750% 526 539 5.250% 491 490 5.875% 392 391 2,430 2,441 i 4,439 4,300 609 612 ii 1 1 2 2 7,481 7,356 iii 63 76 iv 771 684 588 306 4,706 4,950 1,416 1,416 7,481 7,356 (771) (684) 6,710 6,672 2,864 2,887 4,617 4,469 7,481 7,356 (i) 2.03% 6% 1.48% 6% LIBOR 1.6% 4.5% LIBOR 1.38% WIBOR 2.5% (ii) 0.6% 0.9% 0.6% 0.9% 17
(iii) 5.6% 5.6% (iv) 4 LIBOR+3.5% 4.5% 75 61 66 15. (i) 6.20 2,567,400,000 0.0001 15,329 1,975 6.20 385,110,000 2,336 301 3.5% 2,500 18
(ii) 584,795,555 6.2 5% 1,883 243 19
3.0% 7.4% 8.3% 20
PEDv PEDv PEDv PEDv 797 91.0% 1,522 465 320% 1,953 3,298 219.6% 10,540 329 147.7% 815 178 105.6% 366 21
5,586 53.0% 1,895 57.5% 4,628 43.9% 1,280 38.8% 247 2.3% 7 0.2% (1) 79 0.8% 116 3.5% 10,540 100.0% 3,298 100.0% 575 70.6% 300 91.2% 165 20.2% 54 16.4% 170 20.9% 3 0.9% (1) (95) (11.7%) (28) (8.5%) 815 100.0% 329 100.0% (1) 22
(%) 826 797 +3.6 596 100 1,522 797 +91.0 1,989 1,895 +5.0 3,277 320 5,586 1,895 +194.8 353 300 +17.7 211 11 575 300 +91.7 797 91.0% 1,522 3.6% 696 23
1,895 194.8% 5,586 1,895 5.0% 1,989 3,597 300 91.7% 575 300 17.7% 353 1.3% 222 % 7,668 768 541 6,296 629 465 +21.8 14,069 1,343 1,208 2,596 239 204 24,333 2,350 1,953 6,296 629 465 +286.5 24
(%) 1,331 1,280 +4.0 2,866 431 4,628 1,280 +261.6 83 54 +53.7 82 + 165 54 +205.6 + 1 6,296 286.5% 24,333 6,296 21.8% 7,668 16,665 1,280 261.6% 4,628 1,280 4.0% 1,331 3,297 25
54 205.6% 165 54 53.7% 83 82 (%) 154 158-2.5 7,550 1,286 8,990 158 +5,589.9 3 7-57.1 215 29 247 7 +3,428.6 + 3-100.0 135 35 170 3 +5,566.7 + 1 26
158 8,990 2.5% 8,836 7 247 7 57.1% 3 244 3 170 3 1 170 EBITDA 1,321 304 170 211 616 27
170 334 259 123 70 238 249 18 145 127 662 249 150 100 86 13 249 100 28
2.3 2.1 1.5 1.5 0.2 0.2 20.7 19.6 30.2 30.2 4.2 4.2 29
7,544 2,430 2,441 5,048 4,912 3 3 7,481 7,356 63 76 771 684 588 306 4,706 4,950 1,416 1,416 7,481 7,356 3,019 2,914 3,993 3,932 412 421 57 89 7,481 7,356 30
61.7% 60.7% 38.3% 39.3% 6,311 6 184 4.7%4.7% 1:1.8 1:2.0 236.8% 218.8% 11.1 10.0 1.1 1,320 1,452 31
(i) (ii) 358 11 311 5 304 7 Campofrío Food Group, S.A. Sigma Alimentos S.A. de C.V.Sigma Campofrío Food Group, S.A.Campofrío Campofrío 37% Sigma Campofrío 37% Sigma Campofrío 46.8% Campofrío Campofrío Campofrío 13.5 6.90 Sigma Campofrío 61.3% 37% Sigma & WH Food Europe, S.L. Sigma Campofrío 6.9 Sigma Campofrío Campofrío 32
Smithfield Beef, Inc. JBS S.A. 8.9 90 33
120 72 48 1,481 ISO9001 ISO14001 ISO22000 HACCP 34
GFSI 35
23 36
2,276 40 2,500 218.8% 88.2% 90 37
2410 2410 2410 A.2.1 A.2.1 38
POPE C. Larry 39