Page 1

Marfrig Earnings Release | 2Q21 São Paulo , August 10 , 2021 - Marfrig Global Foods S.A. - Marfrig ( B3 Novo Mercado : MRFG3 and Level 1 ADR : MRRTY ) announces today its results for the second quarter of 2021 ( 2Q21 ) . Except where stated otherwise , the following operating and financial information is presented in nominal Brazilian real , in accordance with International Financial Reporting Standards ( IFRS ) , and should be read together with the income statement and notes to the financial statements for the period ended June 30 , 2021 filed at the Securities and Exchange Commission of Brazil ( CVM ) . • ○ ° Consolidated 2Q21 Highlights • Net Revenue of R $ 20.6 billion ( + 9.0 % vs. 2Q20 ) ; • Adjusted EBITDA of R $ 3.9 billion ( -3.6 % vs. 2Q20 ) ; Adjusted EBITDA Margin of 19.1 % ( -249 bps vs. 2Q20 ) ; Net Income of R $ 1.7 billion ( + 9.0 % vs. 2Q20 ) ; Free Cash Flow of R $ 2.2 billion ( -31.4 vs. 2Q20 ) . Operating Highlights • Base Date : Aug. 09 , 2021 • Market Cap : R $ 13.9 billion Stock Price : MRFG3 R $ 19.52 Shares issued : 711,369,913 shares NORTH AMERICA OPERATION • Net Revenue of US $ 2.9 billion ( + 10.1 % vs. 2Q20 ) ; • Adjusted EBITDA of US $ 722 million ( + 13.8 % vs. 2Q20 ) ; Adjusted EBITDA Margin of 24.5 % ( +80 bps vs. 2Q20 ) . Conference Call in English Wednesday - Aug 11 , 2021 11 a.m. BRT / 10 a.m. US Dial - in : TF : +1 844 204 8942 DI : +1 412 717 9627 Code : Marfrig www.marfrig.com.br | ri Investor Relations Contacts ་ ་ ་ Eduardo Puzziello Stephan Szolimowski Vinícius Saldanha +55 ( 11 ) 3792-8907 ri@marfrig.com.br SOUTH AMERICA OPERATION • Net Revenue of R $ 5.0 billion ( + 14.1 % vs. 2Q20 ) ; • • Adjusted EBITDA of R $ 181 million ( -70.5 % vs. 2Q20 ) ; Adjusted EBITDA Margin of 3.6 % ( -10.3 bps vs. 2Q20 ) . Other Highlights • • • Financial leverage measured as ratio of Net Debt / Adjusted EBITDA LTM of 1.45x in Brazilian real and 1.55x in U.S. dollar . Dividends : Proposal to distribute dividends in the amount of R $ 958.4 million | Dividend yield approximately of 7 % . Equity Investment : acquisition of indirect relevant interest in BRF . Further Processing : segment accounted for around 15 % of the Net Revenue of the South America Operation in 2Q21 , up from 9 % in 2Q20 . Efficiency Program : gain of around R $ 30 million in 2Q20 . Investment in last 12 months of R $ 1.7 billion : in projects to expand organic growth and higher - value products . Events after the reporting period • • Agribusiness Certificates of Receivables ( CRA ) : Issue of R $ 1.2 billion , in two series of 7 and 10 years , with an average rate after the swap operation of CDI + 0.97 % p.a. , making it one of Marfrig's lowest - cost operations ever . Treasury shares Cancellation : Approval of the cancellation of 20 million shares held in treasury Buyback Share Program : Approval of repurchase of up to 26.3 million shares 1