Sao Martinho S.a. · BMFBOVESPA:SMTO3
Sao Martinho — 1Q10 Earnings Presentation
8 slides from Sao Martinho's earnings presentation, 2009
Slide 1: 1Q10 Earnings Conference Call
1Q10 Earnings Conference Call 2009/2010 Harvest
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
Slide 3: 1Q10 Highlights
1Q10 HIGHLIGHTS Strong Net Revenues and EBITDA Growth; Adjusted EBITDA together with Sugar and Fx Hedge results totaled R$ 67,9 MM; Sugar available for sale in the coming quarters amounted 649 thousands tonnes; 3
Slide 4: Ethanol Market
ETHANOL MARKET Chart 1 Ethanol Price 0.95 4Q09 1Q10 Ethanol output should be 0.90 revised downward; 0.85 0.80 R$ / LITER 0.75 Bad weather conditions have 0.70 0.65 been compromising the 0.60 crushing and cane quality; 0.55 0.50 Ethanol domestic demand has grown 18%; ANHYDROUS PRICE HYDROUS PRICE Cha
Slide 5: Sugar Market
SUGAR MARKET Hegde Position – Sugar – São Martinho Group Table 1 Sugar rally prices has Volume Average Price been supported by Tonnes US$ ¢ / pound lower India supply; Inventories 1Q10 197,463 2009/10 - Harvest % Hedged Remaining Production 451,579 Sugar imports news 2009/10 Harvest Total Available
Slide 6: Operating / Financial
OPERATING / FINANCIAL Remaining Estimated Volume Inventories Production Available for Sale 1Q10 2009/10 (*) 2009/10 Harvest Sugar ‘000 tonnes 197 452 649 Ethanol ‘000 M3 107 493 599 (*) Estimated production from July through the end of the 2009/10 Harvest Chart 2 Net Debt Evolution R$ - Million Crus
Slide 7: Quarterly Results
QUARTERLY RESULTS Table 1 1Q10 1Q09 Change Net Revenue 217,455 92,056 +136.2 % Adjusted EBITDA 44,195 13,383 +230.2 % Strong Net Revenues and EBITDA Growth; Adjusted EBITDA Margin 20.3% 14.5% +5.8 p.p. Impact - Hedge 23,685 n.m. n.m. Adjusted EBITDA amounted EBITDA (Hedge) 67,880 n.m. n.m. R$ 67,9 m
Slide 8: IR Contacts
IR Contacts João do Val CFO and IR Officer Felipe Vicchiato Investor Relations Alexandre Gorla Investor Relations Analyst João Carvalho do Val - Diretor Financeiro e de Relação com Investidores Denise Araújo Phone: +55 11Francisco 2105-4100 Gerente de RI E-mail: ri@saomartinho.ind.br denise.francisc