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$5.67 -0.20 (-3.41%)
10/10/2008 4:02 PM

Sadia S.A. (ADR) (SDA)

CAPS Rating:
*****

The Company's principal business is the production and distribution of poultry and pork products.

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Avatar EPS100Momentum (< 20) Submitted: 5/01/08 9:46 AM : Outperform Start Price: $12.65 SDA Score: 49.10

SDA earnings report translated to english from Portuguese
April 30, 2008 - The SADIA S.A. (BOVESPA: SDIA3 and SDIA4; NYSE: SDA; LATIBEX: XSDI), a national leader
No segment of processed foods, announcing today the results of the first quarter of 2008 (1T08). The
operational and financial information of the Company are presented in thousands of U.S. dollars except where
indicated otherwise based on consolidated figures, according to company rules. All
comparisons made in this release take into consideration the same period of 2007 (1Q07), except
when specified otherwise.

Data on 29/04/2008
Sadia ON
(SDIA3) =
$ 10.30 / share
Sadia PN
(SDIA4) =
$ 11.58 / share
Sadia ADR
(SDA)
= $ 20.63
(1 ADR = 3 shares)
Sadia Latibex
(XSDI)
= 4.58
Market Value - Bovespa
$ 7.9 billion
$ 4.6 billion
Relations
Investors
Welson Teixeira Junior
Director of Relations
Investors
Tel: 11 2113-3197
Christiane Assis
Phone: 11 2113-3552
Christiane.Assis @ sadia.com.br
Silvia Helena Madi
Pinheiro
Phone: 11 2113-3197
Silvia.Pinheiro @ sadia.com.br

Melissa Schleich
Phone: 11 2113-1565
Melissa.Schleich @ sadia.com.br
Sonia Biajoli
Phone: 11 2113-3686
sonia.biajoli @ sadia.com.br
ri@sadia.com.br
www.sadia.com.br
Ligia Montagnani
Consultant RI
Phone: 11 3897-6405
Ligia.montagnani @ firb.com
"The first quarter of 2008 showed results within expectations. The gross revenue
registered a growth of 20.3%, reaching $ 2.6 billion, and exports were
accounted for 46.7% of the revenue generated by the Company. The Sadia follows with its process of
internationalization, aware of the potential for growth of sales in the international market,
inaugurating its first overseas factory in Russia, and investing in construction of its
second unit outside the country, the United Arab Emirates. The segment showed the industrialised
an increase of 15.8% in volume and 21.2% in revenue over the same quarter of
previous year. The growth of this segment is in line with the objectives of the Company,
improve the product mix, thus minimizing health risks and getting a
better profitability. In the case of the internal market, the intention is to get penetration in all
the classes of income of the Brazilian population. We make investments of $ 427.1 million in
quarter of a planned total of $ 1.6 billion in the year, higher amount in the history of Sadia.
In the quarter, the Company recorded growth of 3.9% in operating profit and 123.4% in
net profit, compared to 1Q07. The focus on improving operating cash generation
(EBITDA) resulted in $ 276.9 million and has a margin of 12.1%, close to
obtained in the similar period last year, despite the pressure of increased costs of grain. A
expectation of an increase in the cost of grain is growing in 2008 and the company has
concentrated efforts to pass this increase in the prices of products sold
both in the domestic market as the foreign market. We remain confident in our
target of doubling the turnover in five years, built based on the internationalization of
operations and growth in the domestic market in view of the competitive conditions
Brazil as a producer of animal protein. Some of that Sadia will continue their
trajectory of success in the year beginning, ensuring that the quality of their products,
sustainability of their initiatives and maintain credibility with investors,
thank you to our employees, for the dedication and talent, which helped build
a quarter more important in the history of the Company.

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Avatar EPS100Momentum (< 20) Submitted: 5/01/08 4:05 PM

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SDA earnings release in English,
some didn't have faith in my translation, so here is the English link:
http://ri.sadia.com.br/enu/1074/Sadia_%20Release_1Q08.pdf

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