Sao Martinho S.a. · BMFBOVESPA:SMTO3
Sao Martinho — 1Q22 Earnings Presentation
9 slides from Sao Martinho's earnings presentation, 2021
Slide 1: Results 1st Quarter 2021/2022 Harvest
Results 1 st Q u a r t e r 2021/2022 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 t
Slide 3: Agenda
Agenda 1. Operational Highlights 4. Indebtedness 2. Financial Highlights 5. Sugar and Ethanol Market 3. Cash Cost 33
Slide 4: Operational Highlights
Operational Highlights OPERATIONAL DATA 1Q21 1Q22 Chg.(%) Crushed Sugarcane (‘000 tons) 10,020 8,723 -12.9% Own 6,810 5,866 -13.9% Third Parties 3,210 2,857 -11.0% Agricultural Yield (ton/ha) 88.6 75.2 -15.2% Average TRS (kg/ton) 131.2 135.0 2.9% Production Sugar ('000 tons) 596 545 -8.6% Ethanol ('
Slide 5: Financial Highlights
Financial Highlights R$ ‘000 Executive Summary 1Q21 1Q22 Chg. (%) Net Revenue¹ 1,026,154 1,321,555 28.8% Adjusted EBITDA 491,443 688,307 40.1% Adjusted EBITDA Margin 47.9% 52.1% 4.2 p.p. Adjusted EBIT 184,197 367,356 99.4% Adjusted EBIT Margin 18.0% 27.8% 9.8 p.p. Net Income without IFRS 16 effects
Slide 6: Cash Cost 1Q22
Cash Cost 1Q22 CASH COGS – SUGAR AND ETHANOL (R$ mm) SUGAR ETHANOL (R$/ton) (R$/m3) +16.8% +84.7% +28.3% 124 555 -52 2,916 504 1,656 431 Price 1,291 1,579 Δ Margin Δ Margin +17.4 p.p. +32.9% -2.6 p.p. +45.7% 1Q21 Consecana 1Q21 Deviation 1Q22 Adjusted 922 1,226 1,897 1,302 Total Cash Produced TRS (‘
Slide 7: Indebtedness
Indebtedness Currency – Net debt* Mar/21 Jun/21 Chg.% R$ '000 Gross Debt 4,066,251 3,765,664 -7.4% Cash and Cash Equiv alents 1,364,148 1,337,494 -2.0% USD BBB- Investment Grade Net Debt 2,702,103 2,428,170 -10.1% 31% Global Scale Net Debt / LTM EBI TDA - R$ 1.24 x 1.02 x -17.6% 1.05 x 0.98 x R$ Net
Slide 8: Sugar and Ethanol Market
Sugar and Ethanol Market Sugar Price in BRL Hedge Position 94 Sugar hedged Avg. Price Avg. Price (tons) (USD c/p) (R$/ton) 85% own 54 21/22 Harvest 712,657 14.14 fixed* 18 568,937 14.14 1,655 13 5.20 143,720 14.14 not hedged 4.03 22/23 Harvest 346,117 14.20 262,437 14.20 1,831 Jan-20 Feb-20 Mar-20 A
Slide 9: Investor Relations Contacts
Investor Relations Contacts +55 11 2105-4100 ri@saomartinho.com.br www.saomartinho.com.br/ir