Slc Agricola S.a. · BMFBOVESPA:SLCE3
Slc Agricola — Q1 2025 Earnings Presentation
23 slides from Slc Agricola's earnings presentation, May 14, 2025
Slide 1: Earnings Conference Call 1Q25
EARNINGS CONFERENCE CALL 1Q25 Speakers: Ivo Brum - Chief Financial and Investor Relations Officer André Vasconcellos – Financial Planning and Investor Relations Manager AGRICULTURE AT ITS BEST 1
Slide 2: Choose your language + Q&A
Faça sua pergunta ESCOLHA DO Tradução Simultânea IDIOMA + Q&A Simultaneous Translation Ask your question PORTUGUÊS ENGLISH Essa videoconferência será em The following presentation will be português, com tradução held in Portuguese, with simultânea para o inglês. simultaneous translation to English.
Slide 3: Market Overview
4a MARKET OVERVIEW SLC Bee ALH1COlT
Slide 4: Market Overview > Cotton
MARKET OVERVIEW > COTTON WORLD SUPPLY & DEMAND PRICE (million bales) (ICE) SPOT Jul 25 - US¢\pd 66.61 -11.7% USA Planted Area -6.1% USA Yield (ICE) Dec 25 - US¢\pd 68.67 140 2025/26 VS 2024/25 (ICE) Mar 26 - US¢\pd 69.93 (ICE) May 26 - US¢\pd 70.85 130 124.5 118.5 121.1 120 115.8 116.3 114.8 118.1 M
Slide 5: Market Overview > Soybean
MARKET OVERVIEW > SOYBEAN WORLD SUPPLY & DEMAND PRICE (million tons) (CBOT) SPOT May 25 - USD\bu 10.44 -4.1% USA Planted Area (CBOT) Jul 25 - USD\bu 10.51 +3,6% USA Yield 2025/26 VS 2024/25 (CBOT) Aug 25 - USD\bu 10.47 (CBOT) Sep 25 – USD\bu 10.26 420.8 426.8 4 2000 397.3 424.0 Basis Paranaguá-CBOT
Slide 6: Market Overview > Corn
MARKET OVERVIEW > CORN WORLD SUPPLY & DEMAND PRICE (million tons) (CBOT) SPOT May 25 - USD\bu 4.41 +5.4% USA Planted Area +0,9% USA Yield (CBOT) Jul 25 - USD\bu 4.49 2025/26 VS 2024/25 (CBOT) Aug 25 – USD\bu 4.29 (CBOT) Sep 25 – USD\bu 4.42 1,399.7 1,378.2 1,244.3 1,266.0 1,220.3 Million tons 1,166.
Slide 7: 2024/25 Crop Year
2024/25 CROP YEAR • Perspectives • Yields • Costs • Hedge Position 7
Slide 8: Yields – 2024/25 Crop Year (Kg/ha)
2024/25 > YIELDS – 2024/25 CROP YEAR (Kg/ha) +3.7% 2023/24 +26.9% Conab 7,354 7,093 +21.3% 2023/24 +12.0% Conab 5,794 -0.2% 2023/24 3,958 +2.5% Conab 3,533 3,264 1,922 1,871 1,917 Actual Forecast Actual Forecast Actual Forecast 2023/24 2024/25* 2023/24 2024/25* 2023/24 2024/25* Soja Soybean Cotton A
Slide 9: Cost per Hectare 2024/25
COST PER HECTARE 2024/25 (Kg/ha) Total (R$/ha) Budget Budget 2023/24 2024/25 ∆% Cotton lint 1st crop 13,205 12,876 -2.5 Cotton lint 2nd crop 11,906 11,663 -2.0 Soybean (Commercial + Seed) 5,081 4,659 -8.3 Corn 2nd crop 4,303 3,967 -7.8 Total Average Cost 6,916 6,545 -5.4 9 Source: 1Q25 Release
Slide 10: Hedge Position 2023/24 vs. 2024/25
HEDGE POSITION 2023/24 vs. 2024/25 FX Hedge – Soybean Commercial Hedge – Soybean Soybean Hedge in BRL Crop Year 2023/24 2024/25 Crop Year 2023/24 2024/25 Crop Year 2023/24 2024/25 % 100.0 83.7 % 100.0 80.5 100.0 80.5 R$/USD 5.2377 5.6374 USD/bu(2) 12.35 11.44 R$/bu 64.69 64.49 Commitments %(1) 0.0 3
Slide 11: Financial Performance
FINANCIAL PERFORMANCE SLC Bee ALH1COlT
Slide 12: Financial Performance > Financial Highlights
FINANCIAL PERFORMANCE > FINANCIAL HIGHLIGHTS (R$ thd) 1Q24 1Q25 HA Net Revenue 1,956,914 2,331,042 19.1% Gross Income 646,216 1,076,055 66.5% Gross Margin 33.0% 46.2% 13.2p.p. Operational Result 498,521 866,048 73.7% Operational Margin 25.5% 37.2% 11.7p.p Net Income 228,943 510,700 123.1% Net Margin
Slide 13: Financial Performance > Net Debt
FINANCIAL PERFORMANCE > NET DEBT Credit Line Average Interest Rate (%) Consolidated (R$ thd) Indexer 4Q24 1Q25 4Q24 1Q25 Applied in Fixed Assets 36,585 36,403 Finame – BNDES Prefixed 7.8% 7.9% 36,585 36,403 Applied in Working Capital 5,588,046 6,310,830 CRA CDI 12.9% 13.3% 1,551,246 1,604,446 Rural
Slide 14: Financial Performance > Dividends Historical
FINANCIAL PERFORMANCE > DIVIDENDS HISTORICAL Million R$ 8,0% 700 7,0% 602 6.3% 600 6,0% 504 5.9% Base date: DY AVG. 05/05/2025 500 5,0% 4.6% 4.7% 4.9% 389 400 Dividend Yield R$ MIlhões 4,0% “Ex-Dividend” Date: 3.1% 05/06/2025 300 3,0% 232 241 200 2,0% Payment Date: 05/15/2025 100 1,0% 0,0% 0 2020 20
Slide 15: Perspectives for 2025/26 Crop Year
PERSPECTIVES FOR 2025/26 CROP YEAR 15
Slide 16: Inputs | Fertilizers
PERSPECTIVESFOR 2025/26 CROP YEAR> 57% of crop protection INPUTS | FERTILIZERS acquired (% purchased) % purchased inputs afra 2025/26: 82% POTASSIUM CHLORIDE 69% PHOSPHATE 57% NITROGEN 1300 1100 900 700 700 500 398 350 300 210 100 May/22 01/05/2022 May/23 01/05/2023 May/24 01/05/2024 May/25 01/05/20
Slide 17: Hedge Position 2024/25 vs. 2025/26
HEDGE POSITION 2024/25 vs. 2025/26 FX Hedge – Soybean Commercial Hedge – Soybean Crop Year 2024/25 2025/26 Crop Year 2024/25 2025/26 % 83.7 20.1 % 80.5 27.1 R$/USD 5.6374 6.3082 USD/bu(2) 11.44 11.18 Commitments %(1) 3.2 47.3 Commitments %(1) 3.3 17.7 FX Hedge – Cotton Commercial Hedge – Cotton Crop
Slide 18: 2025/26 Crop Year > Asset Light Growth
2025/26 CROP YEAT > ASSET LIGHT GROWTH Strategy +13.6% 837 737 64% 60% Leased Área Area Arrendada Área OwnedPrópria Area 40% 36% 24/25* 25/26* 18 Source: Material Fact 03/06/2025
Slide 19: 2025/26 Crop Year > Asset Light Growth
2025/26 CROP YEAT > ASSET LIGHT GROWTH Strategy +13.6% 837 737 24/25* 25/26* 43% owned area (1) 38% owned area (1) 57% leased area (1) 62% leased area (1) 19 Source: Material Fact 03/06/2025 (1) Calculation of physical area
Slide 20: Our Big Dream and Values
OUR OUR BIG DREAM VALUES To positively impact future generations, through global leadership in agribusiness and respect to the planet We believe that those who have PASSION FOR WHAT WE DO are committed and do it with the highest quality, preserving their INTEGRITY through an ethical conduct, consist
Slide 21: Investor Relations Department
INVESTOR RELATIONS DEPARTMENT Ivo Marcon Brum Chief Financial and Investor Relations Officer André Vasconcellos Financial Planning and Investor Relations Manager Alisandra Reis Investor Relations Coordinator Laiza Rocha Investor Relations Specialist Daniel Batista www.slcagricola.com.br / ri@slcagri
Slide 22: SLC
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Slide 23: Q&A
Q&A Para fazer perguntas: clique no ícone Q&A e escreva sua pergunta, para entrar na fila. Ao ser anunciado, uma solicitação para ativar seu microfone aparecerá na tela e, então, você deve ativar o seu microfone para fazer perguntas. Orientamos que as perguntas sejam feitas todas de uma única vez. T