Sao Martinho S.a. · BMFBOVESPA:SMTO3
Sao Martinho — 2Q08 Earnings Presentation
8 slides from Sao Martinho's earnings presentation, November 2007
Slide 1: 2Q08 Results Conference Call
2Q08 Results Conference Call 2007/08 Harvest November 2007 November,
Slide 2: Forward-Looking Statements
Forward-Looking Statements This p presentation contains certain statements that are neither reported p financial results or other historical information. They are forward-looking statements. Because these forward forward-looking looking statements are subject to risks and uncertainties, uncertaintie
Slide 3: Industry Overview: Sugar and Ethanol Price Evolution
10.00 1/11/… Occt/07 2Q08 9.52 Sep/07 Augg/07 Industry Overview Jul/07 1Q08 8.86 Junn/07 Maay/07 Apr/07 10.37 Average prices for anhydrous and hydrous ethanol in the domestic and international 4Q07 Maar/07 Febb/07 Sugar Price Evolution 11.70 Jann/07 3Q0 Dec/06 Nov/06 Occt/06 11.41 2Q07 Sep/06 NY11 A
Slide 4: Financial Results: Sales Performance and Selling Expense
Financial Results Sales Perfomance Selling Expense 6.3% 24.8% 2.5% 32.9% 184 18.8 172 12.2 2Q07 68 66 2Q08 46 61 Sugar Hydrous Anhydrous 2Q07 2Q08 Ethanol Eth l Ethanol Eth l
Slide 5: Financial Results: EBITDA and Average Price Evolution
Financial Results EBITDA and EBITDA Margin Evolution 30 18% 15.9% 16% 25 12.7% 14% 20 12% 10% 15 EBITDA 8% EBITDA Margin 10 6% 4% 5 2% 0 0% 1Q08 2Q08 * Value in R$ Million A Average Eth Ethanoll Price P i Evolution E l ti A Average S Sugar P Price i Evolution E l ti NY11 1.20 1.10 11.00 $ Cents / Po
Slide 6: Production
Production According to ESALQ ESALQ, prices have already rebounded somewhat in the past 2 weeks.Average anhydrous and hydrous ethanol prices have already increased around 16% and 22%, respectively Stronger fuel demand and lower ending stocks are expected to help support higher ethanol prices in the
Slide 7: Boa Vista Mill Construction
Boa Vista Mill Construction Expansion of crusinhg capacity: 3.4 million Investiments - Boa Vista Mill 250 tonnes in the 2010/11 harvest 200 Future disbursements to the Boa Vista Mill will total R$ 230 million in current harvest, R$ 120 150 million in 2008/09 and R$ 100 million in 2009/10 100 São Mar
Slide 8: Investment Relations
Investment Relations João do Val Finance Director and RI Felipe Vicchiato Investment Relations Phone: +55 11 2105-4100 2105 4100 E-mail: ri@saomartinho.ind.br Website: www.saomartinho.ind.br/ri