BRFS - BRF S.A. (BRFS) Q1 2024 Earnings Call Transcript
2024-05-08 19:20:24 ET
BRF S.A. (BRFS)
Q1 2024 Earnings Conference Call
May 08, 2024 09:00 AM ET
Company Participants
Miguel de Souza Gularte - Chief Executive Officer
Fabio Luis Mendes Mariano - Chief Financial Officer
Conference Call Participants
Leonardo Alencar - XP
Lucas Ferreira - JPMorgan
Gustavo Troyano - Itau BBA
Isabella Simonato - BofA
Ricardo Boiati - Safra
Renata Cabral - Citibank
Leandro Fontanesi - Bradesco BBI
Thiago Duarte - BTG Pactual
Thiago Bortoluci - Goldman Sachs
Lucas Mussi - Morgan Stanley
Guilherme Palhares - Santander
Presentation
Operator
Good morning, ladies and gentlemen. Welcome to the BRF Call to show the results referring to the First Quarter 2024. This call is being recorded and then can be accessed at the company's website in ri-brf@global.com. The presentation is also available for downloading. At this moment, all the participants and attendees are connected as listeners and then we will start our Q&A session where more instructions will be given.
Before we proceed, I'd like to report that the statements, the perspective statements are based on the beliefs and assumptions of BRF and the current positions for the company. These statements may involve risks and uncertainties having insights that refers to future events and rely on circumstances that may or may not happen. Investors, analysts, and reporters may take into account that events related to macroeconomic environment to the segment and other factors may change the results from those expressed in their respective financial statements.
Present in this conference, we have Mr. Miguel Gularte, CEO and Fabio Mariano, CFO. I'd like to give the floor now to Mr. Miguel who will start the presentation. Please, Mr. Miguel, you can proceed.
Miguel de Souza Gularte
Good morning. I would like to thank the presence of all of you here in our call for the results in the first quarter 2024. We started the year where the brand Sadia celebrates eight year of history and 90 years as a most efficient, more resilient, efficient company, and sustainable company, we report a bid though of R$2.1 billion with a margin of 15.8%.
The numbers reflect consistent advances in the efficiency of the company quarter-per-quarter. Our management program BRF+ is conducting the company to the next level of operational performance, defined it as reference. Now the Version 2.0 of our program advances with the objective of leveling the indicators of the units according to the internal benchmarks in each of the work fronts. The accuracy of our system of specification and the new permits for exportations allows us greater agility and capability in responding to potentialize our results.
The improvements in commercial execution in Brazil and the excellence of our predictive model for purchasing of grains also allows the growth and profitability of the company. We continue -- oriented by high performance, more and more competitive, and prepare to capture the opportunities that come up. I would like to invite our CFO, Fabio Mariano to present the results in details, and I'll come back right after that for final remarks and disclosure....
BRF S.A. (BRFS) Q1 2024 Earnings Call Transcript