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Guidance

From January to December 2019
R$ million Minimum Maximum
Estimated Net Revenue
R$ 16,500
R$ 17,500

Considering the average dollar in the period of R$3.80.

From January 2018 to December 2018
R$ million Minimum Maximum
Estimated Net Revenue R$ 15,000 R$ 16,000

Considering the average dollar in the period of R$3.70 and ARS 27.00.

From July 2017 to June 2018
R$ million Minimum (-5%) Medium Maximum (+5%)
Estimated Net Revenue R$ 13,000 R$13,700 R$ 14,400

Considering the average dollar in the period of R$ 3.20.
Considering the recognition of the operations of JBS Mercosul as from July 1, 2017.

From January to December 2015
R$ million Minimum Maximum
Estimated Net Revenue R$ 9,500 R$ 10,500

Considering the average dollar in the period of R$ 2.80.