Smithfield Foods — More Than Pork

• International food company with operations in 13 countries through wholly owned subsidiaries and joint ventures

• More than 52,000 employees globally

• More than 50 brands of pork, beef, turkey, specialty and gourmet foods

• More than 200 products

• Annual sales of $11 billion+

International Food Company• In 13 countries through wholly owned subsidiaries and

joint ventures

Detroit Free Press July 21, 2003

Factor-y Farm Foes Fed up Chicago Tribune March 24, 2004

The Brimstone Battles; Pork Barrels and Politics; Residents not so wild about HOG operations The Houston Chronicle

November 11, 1997

Groups Challenge State over Permits Plain Dealer (Cleveland) October 9, 2005

How to Poison a River The New York Times, August 19, 2005

As Giant Farms BOOM, Their Neighbors Fume; Nearby Residents say Odors, Pollutants hurt Quality of life The Indianapolis Star (Indiana) June 26, 2005

HOG Farm Waste Blamed The Montgomery Advertiser (Alabama) November 13, 2005

The Curse of Factory Farms The New York Times, August 30, 2002

Antimicrobial Use in Animal Feed – Time to Stop The NEW ENGLAND JOURNAL of MEDICINE October 18, 2001

Don’t Blame Canada:Mad Cow Comes fromFactory Farms Global Resource Action Center for the Environment 1/11/05

Benefits of factory farms just illusions –The Arizona Republic, May 4th, 2008

Control the factory farms: Report saysmeat-production practices are unsustainable, with long-term costs –Buffalo News, may 20th, 2008

Eating Meat: Is It Killing Us,

and the Planet? –NY Times, January 30, 2008

Their overuse in the meat and poultry industries may help spawn superbugs. The LA Times, May 1, 2008

Our Mission

“To be a trusted, respected and ethical food industry leader that excels at bringing delicious and nutritious meat and specialty food products to millions every day while setting industry standards for corporate social responsibility.”

Core Values

A Sample of CSR Achievements

Environment

Smithfield’s Commitment

• Goal of 100% compliance, 100% of the time

• Dedicated team at corporate and IOC levels

• Environmental policy

• ISO 14001 certification

• Environmental compliance committee

• Database development

• Compliance tracking

Environmental Stewardship

• Environmental awards program

• Alternative technologies and other research

• Environmental enhancement grants

• Pollution prevention

• Performance tracking and continuous improvement

• Reduce overall footprint

Industry Pioneers

Environmental Management Systems (EMS)

• ISO 14001 Certified– Meet a stringent set of internationally respected environmental

management standards• International “gold standard”

– Industry first in hog production and processing

• United States – ISO 14001-certified EMS’s throughout all facilities except for new acquisitions

• Poland – All farms and one processing facility ISO certified

Environmental Stewardship

• Sponsor of the national FFA Environmental and Natural Resources Career Development Contest

World Water Monitoring Day

• United States (18 States) and Poland in 2007

• Fifth year as a primary sponsor for the international event

Reducing Greenhouse Gases

• BioEnergy Task Force – Capturing methane at processing plants– Pilot project to convert methane to electricity

RESULTS• Reduction in legal risks (NOV’s and litigation)

• Millions saved

• External recognition (state and local awards, FTSE4Good)

• Community Support – WWMD

• Morale

• Partnerships

• Certainty

• Sales

What Now ?

Where does your food come from? More Americans are looking to take the mystery out of meat, by buying directly from ranchers or even raising cows, pigs and chickens themselves.-Food & Wine, November 2006

Imagine a world in which socially responsible and eco-friendly practices actually boost a company’s bottom line. It’s closer than you think.

-cover story, Business Week, 1/29/07

Consumers want to learn the origins of everything in their shopping carts…but food is the most natural place to look for narratives about product origins…The next craze in the restaurant world might be celebrity farms, rather than celebrity chefs.

-Advertising, 12/29/06

McDonalds offers ethics with those fries-Business Week, 1/9/07

Every brand is going to now have to have a social conscience and they’re going to be evaluated for their social consciousness as much as for their products

-Marian Salzman, co-author Next Now; Trends for the Future

The Goal Is to Do the Right Thing –New York Times, May 21, 2008Stakeholders, employees want to see corporate responsibility

–Business Courier of Cincinnati, May 16, 2008

Green plays growing role

in driving agenda for investors

-Charlotte Business Journal, May 16, 2008

“Shareholders are turning up the heat on corporate social responsibility, demanding action on environmental sustainability, executive pay and other social issues.” –Houston Business Journal, July 13, 2007

“According to management consulting

firm McKinsey & Co., the public has higher expectations of corporations for responsible behavior than ever before.” –Business Courier of Cincinnati, May 16, 2008

NEVER !

When Will It End ?

What To Do ?

• Think like EPA

• Think like an animal lover

• Think like a neighbor

• Think like someone who has never been on a farm

• Think like a customer

• Think like a philosopher

• Think like a consumer

Largest pork producer to phase out crates. -The Washington Post,

1/26/07

Pork Producer says it plans to give pigs more room.

-The New York Times, 1/26/07

Smithfield meets ISO 14001 criteria

-Feedstuffs, 5/2/05

Food company aims to curb antibiotics

in pork -Associated Press, 8/4/05

Smithfield takes environmental policies seriously-Virginian-Pilot, 1/10/07

Transportation accidents: Going Whole-Hog-The Daily Press, 6/30/06

Smithfield Foods launches a new Web site –New site focuses on investor relations, corporate social relations-Bladen Journal, may 26, 2008

How Others See Us

How Others See Us

How Others See Us

The New Definition of Agriculture

RetailersRestaurants

Packing CompaniesFarmers

Committed to Social Responsibility