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EARNINGS RELEASE Barretos , August 9 , 2021 - Minerva S.A. ( B3 : BEEF3 | OTC - Nasdaq International : MRVSY ) , the South American leader in export of fresh beef and cattle byproducts , which also operates in the processed foods segment , announces today its results for the second quarter of 2021. The financial and operational information herein is presented in BRGAAP and Brazilian reais ( R $ ) , in accordance with International Financial Reporting Standards ( IFRS ) . Minerva ( BEEF3 ) Price on 08/06/21 : R $ 8.51 Market cap : R $ 4.7 billion 549,639,467 shares Free Float : 44.8 % Conference Call August 10 , 2021 Portuguese 10:00 am ( Brasília ) 9:00 am ( US EST ) Phone : +55 ( 11 ) 3181-8565 Code : Minerva English 10:00 am ( Brasília ) 9:00 am ( US EST ) Phone : +1 ( 844 ) 204-8942 Code : Minerva IR Contact : Edison Ticle Danilo Cabrera Felipe Brindo Luiza Puoli Jenniffer Capella Phone : ( 11 ) 3074-2444 ri@minervafoods.com Minerva Foods Commitments ESG scan or click ■ ■ ICO2 B3 2Q21 HIGHLIGHTS Minerva Foods Net Income of R $ 116.7 million in 2Q21 and R $ 548.7 million in LTM2Q21 ; In 2Q21 , Free cash flow after financial expenses , Capex and working capital was positive for the fourteenth consecutive quarter , totaling R $ 647 million on a recurring basis and R $ 425 million discounting the negative cash effect of FX hedge . In LTM2Q21 , free cash flow totaled R $ 1.4 billion . Financial leverage , measured by the Net Debt / LTM EBITDA ratio , remained flat , at 2.4x for the last twelve months ended June 2021 , even after the payment of R $ 383 million in dividends during the quarter . Minerva Foods ' consolidated gross revenue reached R $ 24.3 billion in LTM2Q21 , 28 % higher than in LTM2Q20 . In 2Q21 , exports accounted for 70 % of revenue , maintaining Minerva Foods ' position as the leading beef exporter in South America , with a market share of 20 % ; Net revenue totaled R $ 6.3 billion in 2Q21 , 43 % higher than in 2Q20 and 8 % higher than the previous quarter . In LTM2Q21 , net revenue totaled R $ 22.9 billion , 28 % higher in the annual comparison . BEEF B3 LISTED NM EBITDA reached R $ 544.9 million in 2Q21 , 12 % higher than in 1Q21 , with an EBITDA margin increase of 0.3 p.p. , reaching 8.7 % . In LTM2Q21 , EBITDA totaled R $ 2.2 billion , 8 % higher in the annual comparison , with a margin of 9.6 % ; In 2Q21 , we announced the Minerva Foods Commitment to Sustainability , with an intended investment of R $ 1.5 billion towards initiatives that combat the effects of climate change , improve monitoring of the supply chain and provide greater environmental efficiency to operations . Click or scan the QR Code on the side for more information ; Monitoring of indirect supplier farms in the Amazon : We progressed with the integration of the tool Visipec , within our system . The target scheduled for December of this year has been brought forward to August , reaffirming our pioneerism in actions to combate climate change and protect ecosystems . ISE B3 2021 Emerging Markets Investors Alliance Corporate Associate 1