BRF S.A. (NYSE:BRFS) Q2 2024 Earnings Conference Call August 15, 2024 9:00 AM ET
Company Participants
Miguel Gularte - Chief Executive Officer
Fabio Mariano - Chief Financial Officer
Conference Call Participants
Pedro Fonseca - XP
Gustavo Troyano - Itau BBA
Lucas Ferreira - JPMorgan
Thiago Duarte - BTG Pactual
Ricardo Boiati - Safra
Henrique Brustolin - Bradesco BBI
Lucas Mussi - Morgan Stanley
Guilherme Palhares - Santander
Operator
Good morning, ladies and gentlemen. Welcome to the teleconference from BRF to discuss the results referring to the Second Quarter of 2024. This video conference is being recorded and then can be accessed at the website of the company at ri.brf-global.com. The presentation is also available for downloading. And at this moment, all the participants are connected just as listeners, and then we will start the question-and-answer session when more instructions will be provided.
Before we continue, I would like to reinforce that the prospective statements are based on beliefs and assumptions of BRF and the current information available for the company. This information may involve risk, [losses] (ph) as they talk about future events and depend on circumstances that may or may not happen. Investors, analysts and reporters may take into account that events related to the macroeconomic environment, to the segment and other factors may make the results be materially different from those expressed in the statements of the company.
Present in this conference, we have Mr. Miguel Gularte, CEO; and Fabio Mariano, the CFO.
I would like now to give the floor to Mr. Miguel who will start the presentation. Miguel, please start.
Miguel Gularte
Good morning. I would like to thank the presence of everyone in our teleconference for the results of the second quarter of 2024.
BRF continued its trajectory of high performance, presents today the best second quarter in its history, reporting significant growth in revenue of 22.3% compared to the same period in 2023 and EBITDA of R$2.6 billion. We have improved our profitability for the sixth consecutive quarter with 17.6% margin, confirming an excellent performance since the beginning of our transformation journey.
We have observed in this quarter a relevant growth, both in international and domestic markets. In Brazil, I would like to highlight the growth in sales volumes in all categories, especially in processed products. We've maintained a healthy level of profitability with a new sequential increase in the margins of the regular portfolio. In international market, we have presented the best margin in the last nine years. This result was driven by the recovery of prices in several sales destinations and the acceleration of our market diversification strategy.