Brasilagro Cia Brasileira De Propriedades Agricolas · BMFBOVESPA:AGRO3
Brasilagro Cia Brasileira De Propriedades Agricolas — Brasilagro Brazilian Agric Real Estate Co Sponsored ADR (Brazil) — Q1 2025 Earnings Presentation
20 slides from Brasilagro Cia Brasileira De Propriedades Agricolas's earnings presentation, Nov 8, 2024
Slide 1: Results Presentation 1Q25
RESULTS PRESENTATION 1Q25 André Guillaumon Gustavo Lopez Ana Paula Zerbinati CEO CFO & IRO IR and Capital Market Head
Slide 2: 1Q25 Earnings Calls
1Q25 EARNINGS CALLS PORTUGUÊS Essa videoconferência será em português, com tradução simultânea para o inglês. Alteração de Idioma: para acessar a tradução simultânea, clique no botão ENGLISH Interpretation, na parte inferior direita da tela, The following presentation will be held in Portuguese, wit
Slide 3: 1Q25 Highlights
1Q25 HIGHLIGHTS • R$ 457.2 million of net revenue Financial • R$ 169.4 million ajusted EBITDA • R$ 97.5 million of net income • Second stage of the Alto Taquari Farm Real Estate Sale • 1,600 million tons of sugarcane harvested Operational • Beginning of soybean planting: 40% planted • 76% of the soy
Slide 4: Real Estate: Alto Taquari Farm Sale
REAL ESTATE Alto Taquari Farm Sale Nominal Value Sold Area Book Value Localization R$525.4 millions 3,723 hectares R$33.2 million Alto Taquari, 1,100 bags/arable ha* 2,694 arable hectares 18.6% TIR Mato Grosso Part I – October 2021 Part II – September 2024 Nominal Value Nominal Value R$336.0 million
Slide 5: Scenario: Commodity performance
SCENARIO Commodity performance (Oct/23 - Oct/24) ( R$ / @) ( R$ / 60 Kg) 1,4% 32,8% 316,0 142,0 143,9 Soybean Paranaguá Cattle Raising 238,0 ( R$ / 60 kg) ( R$ / L) 19,9% 16,7% 72,9 2.705,5 2.317,5 Corn 60,8 Ethanol BM&FBOVESPA Hydrated Futuro B3 ( R$ / Kg) ((Algodão NY c/lb) -14,3% -16% 81,2 26,75
Slide 6: Planted Area
PLANTED AREA Estimated planted area 24/25 Harvest Predicted Total Precipitation (mm) 177,916 hectares Valid for November - December/2024 – January 2025 Products Breakdown 9% 6% The beginning of the rainy season in Mato Grosso 9% occurred later than 177,916 44% expected. hectares However, with the we
Slide 7: Planting and Harvest Calendar
PLANTING AND HARVEST CALENDAR 1Q 2Q 3Q 4Q Status of the Planting Jul Ago Set Out Nov Dez Jan Fev Mar Abr Mai Jun Planting Soybeans Harvest Planting Corn Harvest Planting Corn 2nd Crop Harvest 40% Nov/20* Plantado Planted Beginning of Planting Planting Beans Harvest Planting Beans 2nd Crop Harvest Pl
Slide 8: 2024/2025 Harvest | Cattle Raising
2024/2025 Harvest| Cattle Rasing 16.307 16.307 19.423 0,51 16.012 0,24 24/25 Harvest 24/25 Harvest 24/25 Harvest 24/25 Harvest 24/25 Harvest 24/25 Harvest Estimated Realized Estimated Realized Estimated Realized 12M 3M 12M 3M 12M 3M Pasture area GMD Number of heads of cattle (kg) (hectares) 8
Slide 9: 2024 Harvest | Sugarcane
2024 Harvest| Sugarcane 78% 79% 83,71 84,72 24,801 2,076,046 hectares 2024 Harvest Estimated 2024 Harvest Realized tons (Apr/01 to Dec/31) (Apr/01 to Sep/30) Harvested área until oct/2024 Production until oct/24 TCH (hectares) (thousand tons) (ton/ha) 9
Slide 10: Hedge Position as of October 30, 2024
HEDGE POSITION as of October 30, 2024 SOYBEAN COTTON 60% 100 89% % 38% R$/lb 62% 79.50 R$/lb R$/USD R$/USD U$D/bushel R$/USD 82.91 32% 11.46 5.54 5.57 5.51 Commodity Exchange Commodity Exchange Commodity Exchange 24/25 Harvest 23/24 Harvest 24/25 Harvest CORN ETHANOL RECEIVABLES 53% USD/Bushel R$/sc
Slide 11: Inputs
INPUTS Price of the Inputs Average Price Status Purchase Fertilizers – Oct/24 BrasilAgro: USD/TON. 14% 635 Nitrogenous 24/25 MAP 635 24/25 Harvest: Potassium chloride BRASIL 594,97 17% USD/ton Phosphates 558 563 555 oct-23 oct-24 NPK - Formulated 83% Defensivos USD/TON. -19% Defensives Bought Open 3
Slide 12: Key Figures
KEY FIGURES Fiscal Year Highlights (R$ thousand) Net income (R$ thousand) (R$ thousand) 1Q25 1Q24 Change . . Revenues from Operations 325.296 271.759 20% . . . Revenues from Farm Sales 129.301 413 n.a. . . . . Net Sales Revenue 454.597 272.172 67% . Variation in the fair value of biological assets 2
Slide 13: Key Figures: Gross Income by Culture
KEY FIGURES Gross Income by Culture Soybeans Corn Beans Sugarcane 1Q25 1Q24 1Q25 1Q24 1Q25 1Q24 1Q25 1Q24 Quantity sold (tons) 56.793 36.644 24.118 48.279 95 168 991.123 989.535 Net Revenue 118.762 74.696 16.635 31.660 241 636 165.338 135.872 Derivatives Result (3.895) 3.262 995 123 - - 993 - Unit P
Slide 14: Result Operations
RESULT OPERATIONS Operational Adjusted EBITDA Breakdown EBITDA Operations (excluding G&A Expenses) Adjusted EBITDA (R$ thousand) 1Q25 1Q24 Change 100% Net Profit/Loss (10.476) 29.613 n.a Interest 228 (36.858) n.a 1T25 Taxes 2.298 (8.109) n.a Depreciations and Amortizations 41.106 31.663 30% garcane
Slide 15: Indebtedness
INDEBTEDNESS Net Financial Debt Amortization Schedule (R$ thousand) 09/30/2024 06/30/2024 Change Short Term 211.078 177.311 19% 99,18% CDI Long Term 525.703 504.627 4% R$891,8 Total Indebtedness 736.781 681.938 8% 736.781 millions Farmland sales (+/-) Derivatives 10.483 48.593 -78% receivables (=) A
Slide 16: Remuneration and Return
REMUNERATION AND RETURN Dividend Yield 9,5% Average of the last 5 years 15,9% 13,3% 20,0% 9,1% 16,0% 601,0 6,1% 12,0% 3,2% 520,1 520,0 8,0% 4,0% 501,0 0,0% -4,0% Dividends per share: 401,0 317,6 320,0 -8,0% -12,0% -16,0% R$ 1,56 -20,0% 268,5 260,0 Payment in November 301,0 -24,0% 226,9 -28,0% 201,0
Slide 17: Recognition: Proud to harvest amazing results together!
RECOGNITION Proud to harvest amazing results together! 17
Slide 18: Capital Market
CAPITAL MARKET Price – November 6, 2024 AGRO3 x Ibovespa (base 100 = 09/30/2023) Mkt Cap: R$2.5bi 120 AGRO3: R$24.39 110 LND: US$4.32 100 90 80 AGRO3 IBOV 18
Slide 19: Disclaimer
DISCLAIMER Disclaimer The statements contained in this document related to business perspectives, projections on operating and financial results and those related to BrasilAgro's growth prospects are mere projections and, as such, are based exclusively on the board's expectations about the future of
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