Pilgrim's Pride Investor Presentation — September 2019

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PILGRIM’S PRIDE COMPANY ANALYST DAY

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 affecting 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 maintain commercially reasonable terms with vendor s and service providers; our ability to maintain contracts that are critical to

our operations; our ability to retain management and other key individuals; certain of our reorganization and exit or disposa l 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 rel ative to the cost savings; risk that the amounts of cash from operations

together with amounts available under our exit credit facility will not be sufficient to fund our operations; management of o ur cash resources, particularly in light of our substantial leverage; restrictions

imposed by, and as a result of, our substantial leverage; additional outbreaks of avian influenza or other diseases, either i n our own flocks or elsewhere, affecting our ability to conduct our operations

and/or demand for our poultry products; contamination of our products, which has previously and can in the future lead to pro duct liability claims and product recalls; exposure to risks related to product