Sao Martinho S.a. · BMFBOVESPA:SMTO3
Sao Martinho — 1Q16 Earnings Presentation
9 slides from Sao Martinho's earnings presentation
Slide 1: Earnings Release Conference Call 1Q16 15/16 Harvest
Earnings Release Conference Call 1Q16 15/16 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 Operational Highlights 2 Financial Highlights 3 Hedge 4 Inventories 5 Indebtedness 3
Slide 4: Operational Highlights
Operational Highlights OPERATING DATA 1Q15 1Q16 Chg.(%) São Martinho - Consolidated Crushed Sugarcane (‘000 tons) 6,467 7,409 14.6% Own 4,339 4,768 9.9% Third Parties 2,128 2,641 24.1% Mechanized Harvest 94.7% 98.0% 3.26 p.p. Agricultural Yield (ton/ha) 93.3 83.2 -10.9% Average TRS (kg/ton) 129.9 11
Slide 5: Financial Highlights
Financial Highlights Graph 1 SUGAR Graph 2 ETHANOL -6,0% Table 1 1Q15 1Q16 Chg. % 1,438.2 +10,4% 962.1 Net Revenue 511,021 476,706 -6.7% 871.8 1,351.8 -22,5% COGS (cash) (232,749) (207,664) -10.8% 171.3 -13,3% 132.7 Selling Expenses (19,770) (14,656) -25.9% 233.9 202.8 128.9 Ad 19.8 132.7 25.4 G&A E
Slide 6: Hedge
Hedge Sugar Volume Hedged Avg. Price (US$ ('000 tons) c/p) Sugar May/15 (K15) 6,476 14.11 Our hedge position corresponds Jul/15 (N15) 241,781 15.92 approximately to 87% of own Oct/15 (V15) 291,251 16.78 sugarcane and 68% of our total sugarcane. Mar/16 (H16) 200,162 17.20 Total Fixed 739,670 16.59 (-
Slide 7: Inventories
Inventories INVENTORIES 1Q15 1Q16 Chg. (%) Sugar (tons) 153,184 227,044 48.2% Hydrous (m³) 59,350 91,505 54.2% Anhydrous (m³) 52,777 108,642 105.9% 1,317.6 1,314.9 1,302.2 1,296.9 1,281.9 2.7 2.5 2.2 2.3 2.0 Mar/15 Apr/15 May/15 Jun/15 Jul/15 Sales (billion m³)* Average Price - Ethanol (R$/m³)** * S
Slide 8: Indebtedness
Indebtedness Graph 1 Graph 2 Table 1 CURRENCY TERM USD Short- term INDEBTEDNESS Mar/15 Jun/15 Chg%. 43% Reais 23% (R$) 57% R$ '000 Indebtedness in foreign exchange 1,819,988 1,620,761 -10.9% Long- term BNDES 877,296 830,540 -5.3% 77% Working Capital 858,561 1,157,664 34.8% Graph 3 Gross Debt Breakdo
Slide 9: Contacts - IR
Contacts - IR Felipe Vicchiato CFO e IRO Aline Reigada IR Manager Letícia Montagnani IR Senior Analyst Telephone: +55 11 2105-4100 E-mail: ri@saomartinho.com.br Website: www.saomartinho.com.br/ir 9