Sao Martinho S.a. · BMFBOVESPA:SMTO3

Sao Martinho — 3Q13 Earnings Presentation

8 slides from Sao Martinho's earnings presentation

  1. Slide 1: Sao Martinho 3Q13 Results

    UY 7, SMITO3. NOVO MERCADO BM&FBOVESPA Al DAD Sao Martinho 3Q13 Results

  2. 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 the

  3. Slide 3: Agenda

    Agenda Harvest Update 3Q13 Financial Highlights Indebtedness Hedge / Inventories 2

  4. Slide 4: Crushing and Production

    Crushing and Production Table 1 11/12 12/13 Chg.(%) OPERATING DATA Harvest Harvest São Martinho - Consolidated Crushed Sugarcane (‘000 tons) 10,590 12,885 21.7% Own 6,886 8,206 19.2% Third Parties 3,704 4,679 26.3% Mechanized Harvest 85.7% 88.8% 3.1 p.p Production Sugar ('000 tons) 774 969 25.2% 3 A

  5. Slide 5: Financial Highlights

    Financial Highlights Chart 1 Table 1 Adjusted EBITDA R$ Million Financial Highlights – 3Q13 43.2% 40.5% 40.8% 3Q12 3Q13 Change 36.4% 25.2% Net Revenue 380,448 394,916 3.8% 236 Adjusted EBITDA 154,213 161,045 4.4% 154 161 106 Adjusted EBITDA 65 40.5% 40.8% 0.2 p.p. Margin 3Q12 4Q12 1Q13 2Q13 3Q13 Net

  6. Slide 6: Indebtedness

    Indebtedness Table 1 Indebtedness (R$ Thousand) Dec/12 Mar/12 Chg. (%) CURRENCY Foreign Exchange Debt (US$) 924,688 437,376 111.4% BNDES / Rural Credit 610,653 482,107 26.7% Working Capital 105,775 109,392 -3.3% Obligations from Santa Cruz 60,319 113,475 -46.8% Local Foreign Currency Gross Debt 1,70

  7. Slide 7: Inventories / Hedge

    Inventories / Hedge Table 1 Table 3 Sales 9M13 Sales 4Q13 ATR 18% (inventories sales only) Volume Available for Sale – 3Q13 ATR INVENTORIES 3Q13 3Q12 Chg. (%) 52% Sugar (tons) 265,059 134,419 97.2% Hydrous (m ) 3 57,302 57,546 -0.4% 30% Anhydrous (m3) 90,881 89,025 2.1% Sugar Anhydrous Hydrous Table

  8. Slide 8: IR Contacts

    IR Contacts Telephone: +55 11 2105-4100 E-mail: ri@saomartinho.ind.br Website: www.saomartinho.ind.br/ir 8

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