3Q18 Earnings Presentation 1 Disclaimer In this release, financial - PowerPoint PPT Presentation

3Q18 Earnings Presentation 1

Disclaimer In this release, financial data is presented in accordance to the International Financial Reporting Standards and represents the Company’s consolidated results in million reais (R$) referring to the third quarter of 2018 (3Q18 – September, October and November 2018). Comparisons refer to the second quarter results of 2018 (2Q18: June, July and August 2018; QoQ comparisons) and to the third quarter results of 2017 (3Q17 September, October and November 2017; YoY comparisons), unless otherwise indicated. The results here presented do not consider the acquisition of SLC Alimentos S.A., concluded by Camil in December 2018, except when specified. This presentation contains resumed information which shall not be considered complete. This material is published solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. Likewise it does not give and should not be treated as giving investment advice. It has no regard to the specific investment objectives, financial situation or particular needs of any recipient. Certain percentages and other amounts included in this document have been rounded to facilitate its presentation. Thus, numbers presented as total in some tables may not represent the arithmetic sum of the numbers that precede them and may differ from those presented in the financial statements. Operational data are not audited, as they consist in measures which are not recognized by IFRS or other accounting standards. Nor this presentation, neither anything here contained, should create basis for any contract or commitment. All information here contained are subject to adjustments and revisions without notice. By creating this presentation, neither the Company, nor any of it´s affiliated companies, directors, executives or employees assume any obligation to supply the receiver access to any additional information, update this presentation or any information, or correct any inaccuracy in any of these informations. This presentation does not contain all of the relevant information about the Company. 2

Highlights Camil reaches Gross Profit of R$320mm (+12% YoY) with Gross Margin of 25.3% in the quarter 3Q18 Financial Highlights Latest News YoY Comparisons and subsequent events R$1.3 billion Net Revenue ( +9.3%) December-2018 • Completion of SLC Alimentos Acquisition ; R$857 million Brazil Food Segment ( +4.7%) R$409 million International Food Segment ( +20.3%) • Payment of IOE of R$45mm , payed on December 10th, 2018; R$320 million Gross Profit ( +11.9%) • Camil is the Company of the Year in As Melhores da 25.3% Gross Margin ( +0.6pp) Dinheiro Rural 2018 ; • Camil wins APAS Acontece Prize in the Commodities R$151 million EBITDA ( +17.5%) category; 12.0% EBITDA Margin ( +0.8pp) October-2018 R$150 million Net Income ( +109.0%) • Adhesion to Rural Tax Regularization Program with total amount of R$42.5mm, being R$5.7mm payed initially and 11.9% Net Margin ( +5.7pp) R$36.8mm payable in monthly installments, equivalent to 0.3% of the monthly average of the gross profit; 1.9x Net Debt/EBITDA • Exclusion of ICMS from assessment bases of PIS/COFINS , Excluding the effect of non-recurring revenues and with credit of R$38.1mm recorded in the quarter; expenses¹: • R$84.5mn in IRPJ and CSLL tax credits over ICMS subsidy , R$115 million EBITDA ( -10.4%) considering a 5 year retroactive effect to the Company; 9.1% EBITDA Margin ( -2.0pp) • Acknowledgements as best IR by CEO/CFO and Best IR Executive Small Cap by IR Magazine; R$72 million Net Income ( -0.2%) • Acknowledgements in the Food & Beverages Small Cap 5.7% Net Margin ( -0.5pp) category by Institutional Investor magazine. 3 ¹Excluding non-recurring effects from other operating revenues the financial result

3Q18 Operating Performance Sequential growth in sales volume in all categories, except for rice in Brazil Historical Operating Performance (‘000 ton) 3Q18 International 179k I +23.7% QoQ +1.1% YoY Canned Fish 10k P +24.7% QoQ -7.3% YoY Sugar 135k A +1.8% QoQ +1.8% YoY Beans 20k F +3.2% QoQ +25.0% YoY A Rice 134k -17.9% QoQ -7.4% YoY Source: Company 2Q18 Volume and Revenue Breakdown (%) 3Q18 Sales Volumes (‘000 ton) Volume Receita Líquida Highlights 3Q17 2Q18 3Q18 3Q18 vs 3Q18 vs Volumes ('000 ton) 30-Nov-18 31-aug-18 31-nov-18 3Q17 2Q18 Volumes - Brazil Grains 160.4 182.2 153.7 -4.2% -15.6% Rice 144.3 162.7 133.6 -7.4% -17.9% Beans 16.1 19.5 20.1 25.0% 3.2% Sugar 132.3 132.3 134.7 1.8% 1.8% Canned Fish 10.9 8.1 10.1 -7.3% 24.7% Volumes - International 177.2 144.8 179.1 1.1% 23.7% Uruguay 132.0 104.0 136.5 3.3% 31.2% Chile 19.4 19.9 20.4 5.6% 2.6% Peru 25.8 20.9 22.2 -13.9% 6.4% 4 Source: Company Source: Company

Brazil Food Segment | Rice Challenging environment for rice sales in Brazil this quarter. The Company continues focused on volume recovery. Rice – Camil’s Volume and Net Prices Rice – Market Prices vs. Camil’s Gross Prices Source: Company Source: Esalq Senar, Company Rice – Quarterly Highlights Rice – Product Portfolio² Sales volume : 133.6 thousand tons Mainstream • -17.9% QoQ • -7.4% YoY Average raw material price : R$44.01/bag¹ • +5.5% QoQ • +18.9% YoY Gross price Camil: R$2.60/kg Value pricing • brands +4.5% QoQ • +11.8% YoY Average market price for rice in Nov-18 vs. Oct-18 decreased in -6.7%¹: Price reduction leads to a decrease in purchases by retail stores in Nov-18 Source: Company ¹Source: CEPEA; rice indicator Esalq/Senar-RS 50kg. 5 ²After SLC Alimentos´ acquisition, the Company adds the following brands to it´s portfolio: Namorado, Butuí, Bonzão and Americano.

Brazil Food Segment | Beans Sequential and annual volume growth Beans - Camil’s Volume and Net Prices Beans - Market Prices vs. Camil’s Gross Prices Source: Company Source: Agrolink, Company Beans – Quarterly Highlights Beans – Product Portfolio² Sales volume : 20.1 thousand tons • +3.2% QoQ Mainstream • +25.0% YoY Average raw material price: R$99.64/bag¹ • -2.1% QoQ • -13.6% YoY Gross price Camil: R$3.28/kg Value Pricing • -2.2% QoQ Brands • -6.1% YoY Remarks to sequential and annual sales recovery Camil and value pricing brands sales increase ¹Source: Agrolink; beans indicator Sc 60kg. Source: Company 6 ²After SLC Alimentos´ acquisition, the Company adds the following brands to it´s portfolio: Namorado e Butuí.

Brazil Food Segment | Sugar Sequential and annual volume growth Sugar - Camil’s Volume and Net Prices Sugar - Market Prices vs. Camil’s Gross Prices Source: Company Source: Esalq-Senar; Company Sugar – Quarterly Highlights Sugar – Product Portfolio Sales volume : 134.7 thousand tons • Mainstream +1.8% QoQ • +1.8% YoY Average raw material price : R$64.27/saca¹ • +17.5% QoQ • +12.8% YoY Gross price Camil: R$2.09/kg Value Pricing • -0.9% QoQ Brands • +0.1% YoY Sequential and annual volume growth Cristal sugar and value pricing brands volume growth Source: Company 7 ¹Source: CEPEA; Cristal Sugar indicator Esalq-SP 50kg.

Brazil Food Segment | Canned Fish Sequential volume growth Canned Fish - Camil’s Volume and Net Prices Canned Fish - Camil’s Gross Prices Source: Company Source: Company Canned Fish – Quarterly Highlights Canned Fish – Product Portfolio Sales volume : 10.1 thousand tons Mainstream • +24.7% QoQ • -7.3% YoY Gross price Camil: R$20.04/kg • -0.7% QoQ • +5.6% YoY Coqueiro sardines and tuna sales growth Value Pricing Brands Sequential seasonal sales growth in the period before lent Brazilian coast continues to presente low fishing volume Source: Company 8

International Food Segment Sequential and annual volume growth International - Main Considerations International Operational Performance – Quarterly Evolution (‘000 ton) Uruguay Export Market Sales volume : 136.5 thousand tons Sales recovery • +31.2% QoQ • +3.3% YoY Gross price in US$/ton : Gross price in R$ : 2.12 • • +4.6% QoQ +5.7% QoQ • • +2.5% YoY +24.2% YoY Domestic Chile Market Profitability Sales volume : 20.4 mil tons Source: Company growth +2.6% QoQ +5.6% YoY International – Breakdown 3Q18 (%) Gross Price in CLP/ton : Gross price in R$ : 5.62 Volume Net Revenue • • -1.5% QoQ -5.1% QoQ • • -1.5% YoY +10.8% YoY Peru Peru 12% 20% Domestic Peru Chile Market 12% Political Sales volume : 22.2 mil tons Chile instability +6.4% QoQ Uruguai 20% Uruguai 60% -13.9% YoY 76% Gross price in SOL/ton : Gross price in R$ : 4.81 • • +4.0% QoQ +3.0% QoQ • • -3.8% YoY +22.3% YoY Source: Company 9