1Q18 Earnings Presentation 1 Financial Highlights 1Q18 Financial - PowerPoint PPT Presentation

1Q18 Earnings Presentation 1

Financial Highlights 1Q18 Financial Highlights Latest News Comparisons refers to 1Q17¹ Recent Developments R$1.0 billion Net Revenue ( -18.0%) Mai/2018 R$700 million Brazil Food Segment ( -24.8%) • National Truck Drivers´ Strike in Brazil R$304 million International Food Segment ( +3.2%) R$263 million Gross Profit ( -11.5%) June/2018 26.2% Gross Margin ( +1.9pp) • Conclusion of 1st Share Buyback Program • Annual and Extraordinary Shareholders´ Meeting of R$82 million EBITDA ( -35.7%) Camil 8.2% EBITDA Margin ( -2.2pp) • Creation and Election of Fiscal Committee, Election of Members of Board of Directors, Executive Offices and Management Committees R$33 million Net Income ( -46.7%) 3.2% Net Margin ( -1.7pp) 1.4x Net Debt/EBITDA ( -0,8pp) ¹Comparisons refer to results ended on Mai 31 st 2017 (1Q17). We highlight the strong comparison basis during 1Q17 with record growth results in all categories 2

Results Evolution 1Q18 Camil highlights sequential volume recovery growth compared to 4Q17 in Brazil Operational Highlight (k tons) Financial Highlight – Net Revenue and Gross Margin Source: Company Source: Company Volume Breakdown (%) Net Revenue Breakdown (%) Brazil International Brazil International Source: Company Source: Company 3

Brazil Food Segment | Rice Camil highlights sequential volume recovery growth compared to 4Q17 in Brazil Rice – Brazilian Market (in R$/bag) Rice - Market vs. Camil’s prices Source: Esalq Senar Source: Esalq Senar, Company Rice – Main Highlights Rice - Volume Evolution (k ton) Volume Breakdown Brazil 1Q18 (%) Volume : 136 thousand tons • +6,0% vs. 4Q17 Canned • -18,8% vs. 1Q17 Fish Rice Sugar 2% 44% 48% Raw material - average market prices: R$35,88 / bag¹ Beans 6% • -1,8 vs. 4Q17 • -10,7% vs. 1Q17 Gross Price Camil: R$2,27 / kg • -2,8 vs. 4Q17 • -5,9% vs. 1Q17 Sequential volume recovery growth during this quarter Source: Company 4 ¹Source: CEPEA; Esalq/Senar-RS 50kg.

Brazil Food Segment | Beans Camil highlights sequential volume recovery growth compared to 4Q17 in Brazil Beans – Brazilian Market (in R$/bag) Beans - Market vs. Camil’s prices Source: Agrolink Source: Agrolink, Company Beans – Main Highlights Beans - Volume Evolution (k ton) Volume Breakdown Brazil 1Q18 (%) Volume : 17 thousand tons • Canned +4,8% vs. 4Q17 Fish • -16,0% vs. 1Q17 2% Rice Sugar 44% 48% Raw material - average market prices: R$97,99 / bag¹ Beans 6% • -0,9% vs. 4Q17 • -34,0% vs. 1Q17 Gross Price Camil: R$3,28 / kg • +1,5% vs. 4Q17 • -18,4% vs. 1Q17 Sequential volume recovery growth during this quarter Source: Company 5 ¹Source: Agrolink; Sc 60kg.

Brazil Food Segment | Sugar Camil highlights sequential volume recovery growth compared to 4Q17 in Brazil Sugar – Brazilian Market (in R$/bag) Sugar - Market vs. Camil’s prices Source: Esalq Senar Source: Esalq Senar, Company Sugar – Main Highlights Sugar - Volume Evolution (k ton) Volume Breakdown Volume : 123 thousand tons Canned Brazil 1Q18 (%) Fish • +4,6% vs. 4Q17 2% Sugar Rice • 48% -19,0% vs. 1Q17 44% Beans 6% Raw material - average market prices: R$53,49 / bag¹ • -12,2% vs. 4Q17 • -29,8% vs. 1Q17 Gross Price Camil: R$1,95 / kg • -7,7% vs. 4Q17 • -17,6% vs. 1Q17 Sequential volume recovery growth during this quarter Source: Company 6 ¹Source: CEPEA; Cristal Sugar Esalq-SP 50kg.

Brazil Food Segment | Canned Fish We highlight FX devaluation combined with challenging sardine and tuna fishing in Brazil Canned Fish - Volume Evolution (k ton) Canned Fish – Gross Price (in R$/kg) Source: Company Source: Company Canned Fish – Main Highlights Canned Fish – Volume Breakdown Brazil (%) Volume : 5 thousand tons Canned Fish • -56,0% vs. 4Q17 2% • -33,7% vs. 1Q17 Gross Price Camil: R$21,58 / kg • +3,2% vs. 4Q17 • +19,0% vs. 1Q17 Rice Sugar 48% 44% High Prices of sardine and tuna per kilo in Brazil when compared to other proteins Beans 6% Challenging sardine and tuna fishing locally – import high levels FX Devaluation Source: Company 7

International Food Segment Price growth in local currency impacted by FX devaluation during the period International – Operational Highlights International Performance – Quarterly Evolution (k ton) Export Market Uruguai Volume : 86 Thousand tons • -39,9% vs. 4Q17 • -24,9% vs. 1Q17 Gross Price in R$ : 1,83 Gross Price in US$ : • • +9,0% vs. 4Q17 +1,6% vs. 4Q17 • • +25,9% vs. 1Q17 +14,5% vs. 1Q17 Domestic Chile Market Volume : 20 Thousand tons Source: Company +11,9% vs. 4Q17 +8,8% vs. 1Q17 International – Volume Breakdown (%) Gross Price in R$ : 5,80 Gross Price in CLP : • • +4,4% vs. 4Q17 +11,2% vs. 4Q17 Argentina • • 2% +19,1% vs. 1Q17 +0,6% vs. 1Q17 Peru 15% Domestic Peru Market Volume : 20 Thousand tons Chile 16% -13,4% vs. 4Q17 Uruguay -14,0% vs. 1Q17 67% Gross Price in SOL : Gross Price in R$ : 4,31 • • +1,3 vs. 4Q17 +6,7% vs. 4Q17 • • -2,3% vs. 1Q17 +6,8% vs. 1Q17 Source: Company 8

Consolidated Costs and Expenses Statements (in R$ millions) 1Q18 4Q17 1Q17 1Q18 vs 1Q18 vs Closing Date 31-may-18 28-feb-18 31-may-18 4Q17 1Q17 Net Revenues 1.004,4 1.116,4 1.225,6 -10,0% -18,0% (-) Cost of Sales and Services (741,1) (831,5) (928,2) -10,9% -20,2% Gross Profit 263,3 284,9 297,4 -7,6% -11,5% (-) Selling Expenses (134,1) (138,5) (133,4) -3,2% 0,5% (-) G&A Expenses (68,9) (59,5) (61,5) 15,8% 12,0% (+/-) Equity (Earnings)/Losses in Uncons. Subs. (0,9) (0,6) (0,9) 59,6% 0,0% Other Operating Income (2,1) 9,8 4,5 -121,5% -146,7% EBIT 57,3 96,1 106,1 -40,4% -46,0% (+/-) Finacial Result (12,0) (13,0) (22,8) -7,8% -47,4% Pre-Tax Income 45,3 83,1 83,3 -45,5% -45,6% (-) Total Income Taxes (12,7) (5,8) (22,1) 117,3% -42,5% Net Income 32,6 77,3 61,2 -57,8% -46,7% EBITDA Reconciliation Net Income 32,6 77,3 61,2 -57,8% -46,7% (+) Net Finacial Result 12,0 13,0 22,8 -7,8% -47,4% (+) Income Taxes 12,7 5,8 22,1 117,3% -42,5% (+) Depreciation and Amortization 24,7 23,2 21,3 6,5% 16,0% (=) EBITDA 82,0 119,3 127,4 -31,3% -35,6% Cost of Sales and Services SG&A EBITDA Sales Reduction and raw materials cost FX Devaluation + Chile Sales Growth Food Segment Brazil (-51,0%) Average Price R$35,88/bag¹ Profitability reduction in Grains and Rice Sales and Admin Structure and Geographic • Sugar Categories -10,7% vs. 1Q17 expansion in Brazil Caned Fish Sales decrease Average Price R$97,99/bag² SG&A Increase Beans Lower Sales Volume Uruguay and Peru • -34,0% vs. 1Q17 Truck Driver´s Strike Food Segment International (+14,2%) Average Price R$53,49/bag³ Sales Commission reduction in Brazil Sugar • -29,8% vs. 1Q17 Sales increase in Chile Freight reduction ¹Source: CEPEA; Esalq/Senar-RS 50kg. FX devaluation in the period ²Source: Agrolink; Bag 60kg. 9 ³Source: CEPEA; Cristal Sugar Esalq-SP 50kg.

Financial Result and Indebtedness Liability Management: Debt cost reduction and better amortization profile Indebtedness (in R$mn) Debt (in R$mn) 1Q18 4Q17 1Q17 1Q18 vs 1Q18 vs Closing Date 31-may-18 28-feb-18 31-may-18 4Q17 1Q17 Net Financial Expenses (in R$mn) Total Debt 1.362,4 1.285,7 1.398,2 6,0% -2,6% Loans and financing 383,5 310,0 691,3 23,7% -44,5% Debentures 978,9 975,7 706,9 0,3% 38,5% Short Term 229,7 160,0 608,9 43,6% -62,3% Long Term 1.132,7 1.125,8 789,8 0,6% 43,4% Leverage Gross Debt 1.362,4 1.285,7 1.398,2 6,0% -2,6% Cash and Cash Equivalents + 758,3 714,7 323,9 6,1% 134,1% financial applications Net Debt 604,1 571,0 1.074 5,8% -43,8% Net Debt/EBITDA LTM 1,4x 1,2x 2,0x 0,2pp -0,8pp Debt Amortization Schedule (in R$mn) Source: Company Net Financial Expenses -R$12mn (-47,4%) Decrease of average Market tax rate (SELIC) Reduction of debt cost Reduction of leverage level Source: Company 10

Profitability Evolution: Net Income, EBITDA and Margins Even considering a challenging start of the year, we remain confident that 2018 results will reflect a new reality for the Company with volume recovery and positive results Quarterly Profitability Evolution (in R$mn) Source: Company Quarterly Profitability Evolution - Margins (%) 11 Source: Company

Luciano Quartiero Chief Executive Officer Flavio Vargas Chief Financial and IR Officer Investor Relations Phones: +55 11 3039-9238 +55 11 3039-9237 E-mail: ri@camil.com.br