1q07 conference call transcription

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Conference Call Transcrip t 1Q07 Earning s Results Ap ril 26 th , 2007 1 Operator: Good afternoon ladies and gentlemen, and thank you for waiting. At this time, we w ould like t o welcom e everyon e to J BS’ 1 Q07 earnings conference call. Toda y we have w ith us Mr . Sér g io Lon g o, Director of Finance and Inves t o r Relations, Mr. André Menezes, Investor Relations Manager, and Mr. Wesley Batista, COO. We would like to inform you that this call and the slides are being broadcast in the internet at the Company’s website www.jbs.com.br , and that a presentation is available to download at the investor information section. Also, this event is being recorded and all participants will be in a listen-only mode during the Company’s presentation. After the Company’s remarks are completed, there will be a Q&A session. At that time further instructions will be given. Should any participant need assistance during this call, please press *0 to reach the operator. Before proceeding, let me mention that forward-looking statements are based on the beliefs and assump tions of J BS m anagem ent and on inf orm ation currently available to the Company. They involve risks, uncertainties and assumptions because they relate to future events and therefore depend on circumstances that may or may not occur in the future. Investors should understand that general economic conditions, industry conditions and other operating factors could also affect t he fut ure results of J BS and could cause results to differ materially from those expressed in such forward-looking statements. Now, I’ll turn the conference over to André Menezes, Investor Relations Manager. Mr. Menezes, you may begin your conference. An dr é Menezes: Good m orning every one, and th ank you for your int erest in J BS . I would like t o thank you for your participation in our first conference call, and for your support so that we can continuously improve our presentations and level of disclosure, in a constant mutual learning process. We would like to add that we are still in the quiet period and, therefore, we will not be able to make comments on the Company’s future perspectives. I would like to b egin by giving y ou an overview of J BS. Currently, we are the world’s third largest beef producer, in terms of slaughtering capacity, we are the largest beef producer and exporter in Latin America, we are the second largest exporter of fresh beef in the world, in terms of revenues; we are also the largest exporter of processed beef in the world, and we have a leading beef selling market share in the domestic Brazilian market.

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