ODER4: quote, dividends and indicators for Oderich

Conservas Oderich S.A. is a publicly held company in the food sector, with shares traded on B3 under the tickers ODER3 and ODER4. The company’s origins date back to August 1908, when Adolfo Oderich and his son Carlos Henrique founded Carlos H. Oderich & Cia in São Sebastião do Caí, in the state of Rio Grande do Sul, dedicated to canned meat and vegetable products. The company was a pioneer in adopting and mastering canned food preservation techniques in Brazil, especially animal and plant proteins. Over more than a century, it has expanded its production capacity, diversified its portfolio and begun exporting to dozens of countries, while preserving its historic headquarters in the same founding city. Management remains under family control, now in the fourth generation of the Oderich family, with the fifth generation being prepared to succeed to the main administrative and operational positions.

Oderich’s business model is centered on the industrial processing of long-shelf-life foods, focusing on animal proteins, vegetables, fruit in syrup, tomato products, pickles, seasonings, canned vegetables and cured meats. The company operates in an integrated manner across much of its production chain, from relationships with rural producers to manufacturing, packaging and distribution. The company provides technical and, in some cases, financial development to fruit and vegetable suppliers, seeking to ensure regular supply, safety and quality of raw materials. Producing regions are chosen based on climate, soil and logistics conditions, which directly influence costs and competitiveness. The strategy also includes vertical integration in the production of metal packaging, reducing dependence on third parties and the weight of can costs in the pricing of processed products.

The company’s industrial structure is made up of five main manufacturing units, complemented by a metalworking operation and a distribution center. In Rio Grande do Sul, the headquarters in São Sebastião do Caí concentrates the production of canned meats, mayonnaise, ketchup, mustard, canned and frozen sausages, as well as ready-to-eat canned dishes such as feijoada, tripe stew, meatballs and meat in sauce, with or without vegetables. This unit supplies the domestic market through various channels, including retail, wholesale, distributors, industrial kitchens, food service and public tenders, in addition to exports. The Pelotas plant is dedicated to canned vegetables and fruits, such as peas, sweet corn, mixed vegetables, peaches, figs, other fruits in syrup, canned fruit preserves, olives, beets, onions, mushrooms and asparagus, as well as powdered seasonings and pickled cucumbers. The Eldorado do Sul unit operates as a metalworking plant, manufacturing cans in different thicknesses and formats, lids, ends and keys, with varnishing and lithography capacity to fully serve internal demand and still sell part of its production to third parties.

In the Midwest region, the Orizona plant in Goiás is responsible for producing tomato products and canned vegetables and fruits, including concentrated tomato pulp, tomato paste and sauces, canned or chilled sweet corn, peas, mixed vegetables, concentrated guava pulp and pineapple in syrup. The subsidiary Oderich Alimentos Ltda., located in Luziânia, also in Goiás, focuses mainly on tomato pulp and other tomato products, as well as vegetables and condiments. The company also operates a distribution center in Bahia, which helps expand its logistics capillarity across Brazil. The Eldorado do Sul metalworking plant supplies more than 95% of the company’s internal needs for metal packaging, with installed capacity that would allow a significant expansion of canned production without a proportional need for new investments in cans. Together, the units enable Oderich to produce more than 200 types of products in various formats, such as cans, frozen products, tubes, glass jars, multilayer films and drums.

From a geographic and market perspective, Oderich combines a significant presence in Brazil with strong activity in foreign trade. In 2025, gross revenue from the domestic market accounted for around 65% of total revenue, while exports accounted for approximately 35%. The company exports to more than 60 countries across Africa, Latin America, Asia, Oceania and Europe, without any significant concentration of revenue in a single country. In the Brazilian market, the customer base is fragmented, with no individual buyers accounting for 10% or more of total net revenue, which reduces dependence on large chains or specific contracts. The company operates through different channels and segments, ranging from household consumption to public school meal programs and supplies for the Armed Forces, as well as industrial and food service clients.

Oderich’s production process involves capital-intensive operations and strict sanitary control, with stages including cleaning, cutting, cooking, mixing with ingredients and seasonings, filling, sealing, sterilization or freezing, labeling, boxing and storage in dry and refrigerated warehouses. The plants have support infrastructure such as water intake and treatment, electrical substations, boilers for steam generation, cold rooms with total storage capacity of up to 6,000 tons and wastewater treatment plants. The company uses renewable fuels and biomass in its boilers, such as reforested wood in the South and agricultural waste and eucalyptus firewood in the Midwest. All production stages are monitored by specialized technical teams, with in-house maintenance for mechanical, electrical, electronic, pneumatic and hydraulic systems, given the complexity and diversity of the equipment used.

Oderich’s operations are subject to comprehensive regulations related to food safety, sanitary quality, labeling, storage and transportation of food products, both in Brazil and in the export destination countries. Production processes are inspected by official agencies, with requirements for veterinary certifications, temperature controls, batch traceability and compliance with environmental standards. The company also maintains infrastructure for the treatment of liquid effluents and solid waste, segregating organic waste and recyclable materials and sending hazardous waste to controlled landfills, in compliance with environmental legislation. The company owns several trademarks registered with the National Institute of Industrial Property (INPI) and states that it does not depend on specific licenses, concessions, franchises or royalty contracts to operate.

In the environmental, social and governance (ESG) field, Oderich develops initiatives aligned with several United Nations Sustainable Development Goals, particularly targets related to zero hunger and sustainable agriculture, health and well-being, quality education, clean water and sanitation, affordable and clean energy, decent work and economic growth, innovation and infrastructure, sustainable cities, responsible consumption and production, and climate action. Environmental management is subject to compulsory external audits, in line with the requirements of its environmental license, and is complemented by internal audits and awareness initiatives such as the Internal Environment Week. The company reports that it is in the project phase for adopting formal reporting practices, such as preparing a sustainability report in accordance with the Global Reporting Initiative (GRI) standard, a materiality matrix, ESG key performance indicators and greenhouse gas emissions inventories. In this context, ODER3 and ODER4 shares reflect an issuer with a well-established presence in processed foods, significant exposure to both domestic and foreign markets and a vertically integrated industrial structure, operating in a strict regulatory environment that is evolving on sustainability issues.