Sao Martinho S.a. · BMFBOVESPA:SMTO3

Sao Martinho — 4Q14 Earnings Presentation

9 slides from Sao Martinho's earnings presentation

  1. Slide 1: Earnings Release Conference Call 2013/2014 Crop Year 4Q14 – 12M14

    Earnings Release Conference Call 2013/2014 Crop Year 4Q14 – 12M14

  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 t

  3. Slide 3: Agenda

    AGENDA 1 Guidance 14/15 Season 4 Hedge 2 Financial Highlights 5 Hedge Accounting Debt Maturity 3 Indebtedness 3

  4. Slide 4: Guidance 14/15 Season

    Guidance 14/15 Season Already considers the 50.95% interest in Nova Fronteira Bioenergia S.A. and 100% in Usina Santa Cruz S.A.(*) 4

  5. Slide 5: Financial Highlights

    Financial Highligts Table 1 Table 2 4Q13 4Q14 YoY (%) Net Revenue 403,123 438,123 +8.5% Cash COGS (209,871) (244,943) +16.7% Adjusted EBITDA 144,420 147,506 +2.1% Adj. EBITDA Margin 35.8% 33.7% -2.1 p.p. 8.1% Increase year-over-year excluding non-recuring effects. Financial Result (14,461) (40,711)

  6. Slide 6: Indebtedness

    Indebtedness Table 1 Graph 1 CURRENCY Graph 2 TERM Adjusted EBITDA LTM 650,102 766,601 6

  7. Slide 7: Hedging

    Table 1 Volume Hedged tons) Avg. Price Percentage of O' Percentage of Total (USS ¢/p) Sugarcane ugarcane Total Sugarcane (mil tons) Sugar - 2014/2015 Crop Year May/14 (K14) 168,258 18.11 86% 57% Jul/14 (N14) 305,221 18.05 100% 68% Oct/14 (V14) 130,918 17.80 55% 37% Mar/1 44,452 17.93 26% 17% 2014/20

  8. Slide 8: Hedge Accounting – Debt Maturity

    Hedge Accounting – Debt Maturity Table 3 Foreign Exchange Debt Maturity in 14/15 Season US$ Average Price thousand (R$/US$) 1T15 18,468 1.90 2T15 23,907 1.86 3T15 52,743 1.83 4T15 27,389 2.01 12M15 122,507 1.89 Accounting Effect Cash Effect US$ 122,507 mil x 1.89 = R$ 231,538 US$ 122,507 mil x 2.25

  9. Slide 9: Contacts - IR

    Contacts - IR Telephone: +55 11 2105-4100 E-mail: ri@saomartinho.com.br Website: www.saomartinho.com.br/ri 9

São Martinho — 4Q14 Earnings Presentation on 6ix