Pilgrim's Pride Investor Presentation — September 2017

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PPC Investor Day  September 20, 2017

Pilgrim’s Pride Corporation

CAUTIONARY NOTES AND FORWARD -LOOKING STATEMENTS

Statements contained in this presentation that share our intentions, beliefs, expectations or predictions for the future, den oted by the words “anticipate,” “believe,” “estimate,”

“should,” “expect,” “project,” “plan,” “imply,” “intend,” “foresee” and similar expressions, are forward -looking statements that reflect our current views about future events and are

subject to risks, uncertainties and assumptions. Such risks, uncertainties and assumptions include the following matters affe cting the chicken industry generally, including fluctuations in

the commodity prices of feed ingredients and chicken; actions and decisions of our creditors; our ability to obtain and maint ain commercially reasonable terms with vendors and

service providers; our ability to maintain contracts that are critical to our operations; our ability to retain management an d other key individuals; certain of our reorganization and exit

or disposal activities, including selling assets, idling facilities, reducing production and reducing workforce, resulted in reduced capacities and sales volumes and may have a

disproportionate impact on our income relative to the cost savings; risk that the amounts of cash from operations together wi th amounts available under our exit credit facility will not

be sufficient to fund our operations; management of our cash resources, particularly in light of our substantial leverage; re strictions imposed by, and as a result of, our substantial

leverage; additional outbreaks of avian influenza or other diseases, either in our own flocks or elsewhere, affecting our abi lity to conduct our operations and/or demand for our poultry