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EARNINGS RELEASE Barretos , November 4 , 2021 - Minerva S.A. ( B3 : BEEF3 | OTC - Nasdaq International : MRVSY ) , the South American leader in the export of fresh beef and cattle byproducts , which also operates in the processed foods segment , announces today its results for the third quarter of 2021 ( 3Q21 ) . The financial and operational information herein is presented in BRGAAP , in Brazilian reais ( R $ ) , under International Financial Reporting Standards ( IFRS ) . Minerva ( BEEF3 ) Price on 11/03/2021 : R $ 10.05 Market cap : R $ 6.0 billion 596,376,193 shares Free Float : 41.3 % Conference Call November 5 , 2021 Portuguese 10:00 am ( Brasília ) 9:00 a.m. ( US EST ) Phone : +55 ( 11 ) 3181-8565 Code : Minerva English 10:00 am ( Brasília ) 9:00 a.m. ( 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 ■■ ■ ■ ICO2 B3 3Q21 HIGHLIGHTS BEEF B3 LISTED NM Minerva Foods In line with our commitment to generating value for shareholders , Minerva Foods announces the distribution of interim dividends totaling R $ 200.0 million , or around R $ 0.35 / share , accounting for 45 % of 9M21 profit . Considering the cash proceeds paid in the current year , of R $ 603.6 million , or R $ 1.12 / share , our Dividend yield was approximately 12 % . Annual Growth of 24 % in Net Income , reaching R $ 72.4 million in 3Q21 , and R $ 449 million in the year ; Free cash flow after financial expenses , Capex , and working capital was positive for the fifteenth consecutive quarter in 3Q21 , totaling R $ 53 million on a recurring basis and R $ 83 million after the cash effect of FX hedge . In LTM3Q21 , free cash flow totaled R $ 849 million ; Minerva Foods ' consolidated gross revenue reached R $ 26.6 billion in LTM3Q21 , up by 36 % over LTM3Q20 . Gross revenue grew by 44 % YoY in 3Q21 and exports accounted for 69 % of Revenue , maintaining the Company's position as the leading beef exporter in South America , with a market share of approximately 20 % ; Net revenue totaled R $ 7.4 billion in 3Q21 , up by 43 % YoY and 17 % QoQ . Net Revenue totaled R $ 25.2 billion in LTM3Q21 ( + 36 % YoY ) ; EBITDA reached an all - time high of R $ 648.1 million in 3Q21 , + 17 % YOY and + 19 % QoQ . LTM3Q21 EBITDA totaled R $ 2.3 billion , up by 8 % YoY , reaching the highest level for a 12 month period , with an EBITDA margin of 9.1 % ; Leverage remained flat at 2.4x , reflecting the warranties subscription of the controlling group in October . Considering the payment of interim dividends , net leverage remained virtually flat ; ISE B3 2021 Emerging Markets Investors Alliance Corporate Associate