21 May 2023

The details were disclosed by company representatives during a conference call with investors regarding financial results for the first quarter of 2023.

In the comments to the financial report of MHP for the first quarter of 2023, it is noted that as a result of a recent Russian missile attack on the Odesa region, the warehouse, where MHP products were stored was damaged.

During a conference call with investors, company representatives noted that it is about 3.5 thousand tons of poultry meat, and the company is currently in the process of assessing losses as a result of this situation.

In the worst case scenario, taking into account the current prices of chicken (on average about $2 per 1 kg, but the price varies quite a lot depending on the type of product), it can be assumed that the maximum amount of losses for the company could be several million dollars.

In the first quarter of 2023, MHP's EBITDA was $117 million.