Sao Martinho S.a. · BMFBOVESPA:SMTO3
Sao Martinho — 3Q22 Earnings Presentation
9 slides from Sao Martinho's earnings presentation
Slide 1: Results 3rd Quarter 2021/2022 Harvest
Results 3 rd Q u a r t e r 2021/2022 Harvest
Slide 2: Disclaimer
Disclaimer • This presentation contains forward-looking statements relating to the business outlook, operating and financial projections, and the growth prospects of São Martinho S.A. These statements merely represent projections and as such are based exclusively on management’s expectations about t
Slide 3: Agenda
Agenda 1. Financial Highlights 4. Sugar and Ethanol Market 2. Cash Cost 5. Corn Ethanol Project 3. Indebtedness 33
Slide 4: Financial Highlights
Financial Highlights R$ ‘000 Executive Summary 3Q22 3Q21 Chg. (%) Net Revenue¹ 1,531,126 1,213,471 26.2% Adjusted EBITDA 892,796 651,597 37.0% Adjusted EBITDA Margin 58.3% 53.7% 4.6 p.p. Adjusted EBIT 556,210 349,087 59.3% Adjusted EBIT Margin 36.3% 28.8% 7.6 p.p. Copersucar 415,476 - n.m. Net Incom
Slide 5: Cash Cost 9M22 (Opex + Capex)
Cash Cost 9M22 (Opex + Capex) SUGAR AND ETHANOL EQUIVALENT IN R$/TRS +42.1 % +20.7% 124 76 26 1 1,313 163 1,088 2.8% 0.1% 924 13.4% 8.2% 17.7% 9M21 Consecana 9M21 Crop Other Inputs Diesel Labor and 9M22 Adjusted failure others SUGAR ETHANOL +75.3% (R$/ton) +33.5% (R$/m3) 3,343 1,707 1,279 1,907 +42.
Slide 6: Indebtedness
Indebtedness Currency – Net debt* Mar/21 Dec/21 Chg.% R$ '000 USD Gross Debt 4,066,251 4,886,909 20.2% 7.0% BBB- Cash and Cash Equiv alents 1,364,148 1,514,067 11.0% Investment Grade Net Debt 2,702,103 3,372,842 24.8% Global Scale Net Debt / LTM EBI TDA - R$ 1.24 x 1.15 x -7.1% R$ BrAAA Net Debt / L
Slide 7: Sugar and Ethanol Market
Sugar and Ethanol Market Sugar Price in BRL Hedge Position Sugar hedged Avg. Price Avg. Price 95 (tons) (USD c/p) (R$/ton) 54 18 21/22 Harvest 292,977 16.00 13 5.22 228,194 16.00 1,964 64,783 16.00 not hedged 4.03 22/23 Harvest 569,749 16.25 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jul-20 Sep-20 Oct-20 De
Slide 8: Corn Ethanol Project (GO)
Corn Ethanol Project (GO) Harvest Data Total Investment ~ R$ 740 milions Processed Corn Energy Efficiency 500 thousand tons 70% + + R$ 100 Anhydrous ethanol mi production concentration in 30% the corn plant Ethanol DDGS Corn Oil Inflation 210 thousand 150 thousand 10 thousand m³ tons tons The additi
Slide 9: Investor Relations Contacts
Investor Relations Contacts +55 11 2105-4100 ri@saomartinho.com.br www.saomartinho.com.br/ir