Slc Agricola S.a. · BMFBOVESPA:SLCE3
Slc Agricola — Q4 2024 Earnings Presentation
33 slides from Slc Agricola's earnings presentation, Mar 13, 2025
Slide 1: Earnings Conference Call 4Q24
EARNINGS CONFERENCE CALL 4Q24 Speakers: Aurélio Pavinato – CEO Ivo Brum - Chief Financial and Investor Relations Officer Rodrigo Gelain – Financial and Investor Relations Manager AGRICULTURE AT ITS BEST 1
Slide 2: Language choice and Q&A instructions
Faça sua pergunta ESCOLHA DO Tradução Simultânea IDIOMA + Q&A Simultaneous Translation Ask your question PORTUGUÊS ENGLISH Essa videoconferência será em The following presentation will be português, com tradução held in Portuguese, with simultânea para o inglês. simultaneous translation to English.
Slide 3: Market Overview
4a MARKET OVERVIEW SLC Bee ALH1COlT
Slide 4: Market Overview: Cotton World Supply & Demand
MARKET OVERVIEW > COTTON WORLD SUPPLY & DEMAND PRICE (million bales) (ICE) SPOT May 25 - US¢\pd 66.00 +9,3% USA Planted Area -7,0% USA Yield (ICE) Jul 25 - US¢\pd 67.19 140 2024/25 VS 2023/24 7 (ICE) Dec 25 - US - US¢\pd 68.85 124.5 Million bales 130 121.0 6 (ICE) Mar 26 - US - US¢\pd 69.93 119.0 11
Slide 5: Market Overview: Soybean World Supply & Demand
MARKET OVERVIEW > SOYBEAN WORLD SUPPLY & DEMAND PRICE (million tons) (CBOT) SPOT Mar 25 - USD\bu 9.98 +4,2% USA Planted Area (CBOT) May 25 - USD\bu 10.11 +0,2% USA Yield 2024/25 VS 2023/24 (CBOT) Jul 25 - USD\bu 10.25 (CBOT) Aug 25 – USD\bu 10.23 420.7 394.9 369.6 366.3 378.1 409.1 363.5 360.0 384.4
Slide 6: Market Overview: Corn World Supply & Demand
MARKET OVERVIEW > CORN WORLD SUPPLY & DEMAND PRICE (million tons) (CBOT) SPOT Mar 25 - USD\bu 4.56 -5,6% USA Planted Area +2,1% USA Yield (CBOT) May 25 - USD\bu 4.70 2024/25 VS 2023/24 (CBOT) Jul 25 – USD\bu 4.77 (CBOT) Sep 25 – USD\bu 4.49 1,218.5 1,228.1 1,233,.1 1,165.4 1,223.2 1,132.8 1,133.8 1,
Slide 7: 2023/24 Crop Year: Final Yield
2023/24 CROP YEAR • Final Yield 7
Slide 8: Final Yields 2023/24 Crop Year (Kg/ha)
2023/24 CROP YEAR > FINALS YIELD 2023/24 CROP YEAR (Kg/ha) -6.5% 7,093 5,491 -17.5% 3,201 3,264 -0.8% Orçado Realizado 1,904 1,922 Orçado Realizado Orçado Realizado Soybean Cotton Lint Corn 2nd crop 1st e 2nd crop 8 Source: 4Q24 Release
Slide 9: Financial Performance
FINANCIAL PERFORMANCE SLC Bee AL11COlT
Slide 10: Financial Highlights
FINANCIAL PERFORMANCE > FINANCIAL HIGHLIGHTS (R$ thd) 2023 2024 HA 4Q23 4Q24 HA Net Revenue 7,230,583 6,915,764 -4.4% 1,918,694 1,975,375 3.0% Gross Income 2,620,694 2,307,726 -11.9% 133,676 551,361 312.5% Gross Margin 36.2% 33.4% -2.8p.p. 7.0% 27.9% 20.9p.p. Operational Result 1,935,181 1,513,149 -
Slide 11: Capex: Expansion vs. Maintenance
FINANCIAL PERFORMANCE > CAPEX Expansion vs. Maintenance Expansion Maintenance 48.5% 51.5% 11 Source: 4Q24 Release
Slide 12: Financial Net Debt
FINANCIAL PERFORMANCE > FINANCIAL NET DEBT Credit Line Average Interest Rate (%)(1) Consolidated (R$ thd) Indexer 2023 2024 2023 2024 Applied in Fixed Assets 20,038 36,585 Finame – BNDES Prefixed 6.1% 7.8% 20,038 36,585 Applied in Working Capital 4,373,341 5,588,045 CRA CDI(1) - 12.9% - 1,551,246 Ru
Slide 13: Debt Profile
FINANCIAL PERFORMANCE > DEBT PROFILE Gross Debt Amortization schedule (R$ thd) 1,981,162 1,870,868 1,757,834 717,960 769,804 538,974 CASH 2025 2026 2027 2028 until 2030 AFTER 2030 Source: 4Q24 Release
Slide 14: SLC Sementes
2024/25 e 2025/26 CROP YEAR > SLC SEMENTES Seed Seed HA Operation Operation (R$ thd) 2023 2024 New Net Revenue (Products and Leasing) 608,275 737,064 21.2% Revenue from third parties 202,914 281,989 39.0% Seeds - internal transactions 405,361 455,075 12.3% Products and Leasing Costs (241,216) (222,8
Slide 15: Soybean and Cotton Seeds Sales Channel
2024/25 e 2025/26 CROP YEAR > SOYBEAN AND COTTON SEEDS Sales Channel 2023 vs. 2024 Soybean Cotton 89% 57% 77% 45% 44% 38% 23% 11% 11% 4% Intern Consumption Consumo Interno Market Mercado Vertical Verticais Intern Consumption Consumo Interno Market Mercado 2023 2024 2023 2024 Intern consumption: SLC
Slide 16: Sales Estimate 2025
2024/25 CROP YEAR > SALES ESTIMATE 2025 +15.6% vs 2024 CAGR Soybean Seed until 2024: 29.0% 1,400,000 CAGR Cotton Seed until 2024: 65.9% 1,211,455 1,020,575 856,000 685,100 437,778 +0.9% vs 2024 116,471 129,950 143,759 145,000 80,180 19,000 2020 2021 2022 2023 2024 2025* SOJA SOYBEAN ALGODÃO COTTON 1
Slide 17: Dividend History
FINANCIAL PERFORMANCE > DIVIDEND HISTORY Million R$ 8,0% 7,0% 602 6.3% 6,0% 504 5.9% DY Average 5,0% 4.6% 4.7% 4.9% 389 Dividend Yield 4,0% 3.1% 3,0% 232 241 2,0% 1,0% 0,0% 2020 2021 2022 2023 2024 Dividend Yield Dividendos Dividends ++interest JCP on own capital 17 Source: 4Q24 Release
Slide 18: Perspectives for 2024/25 & 2025/26 Crop Year
PERSPECTIVES FOR 2024/25 & 2025/26 CROP YEAR 18
Slide 19: Growth of Planted Area 2024/25
2024/25 CROP YEAR > GROWTH OF PLANTED AREA 2024/25 COTTON SOYBEAN CORN +18.0% 377,501 731.6 THD ha 320,009 of PLANTED AREA -5.1% 10.6% 188,734 179,107 +30.7% GROWTH OF 124,424 VERSUS 2023/24 CROP 95,167 YEAR 2023/24 2024/25 2023/24 2024/25 2023/24 2024/25 19 Source: 4Q24 Release
Slide 20: Latest Operations 2024/25
2024/25 CROP YEAR> LATEST OPERATIONS 2024/25 AGRO PENIDO: 23,791 ha AGROPECUÁRIA RICA: 21,837 ha ARRENDAMENTO PIAUÍ: 14,572 ha TOTAL: *60.2 thd ha arable *Potential Area 2024/25 Crop Year (Agro Penido 22,829 ha, Agropecuária Rica 23,360 ha and Piauí Lease 14,572 ha) 20 Source: 4Q24 Release
Slide 21: Latest Operations and 2024/25 Crop Year Status
2024/25 CROP YEAR> LATEST OPERATIONS and 2024/25 CROP YEAR STATUS SOYBEAN CORN 2nd crop COTTON 65% 100% 100% harvested planted planted Last Update: 03/12/2025 Yields - 2023/24 Actual vs. 2024/25 Forecast Actual 2023/24 Forecast 2024/25 Δ% Crops (kg/ha) (a) (b) bxa Cotton 1st crop 1,995 2,034 2.0 Cot
Slide 22: Production Costs
2023/24 CROP YEAR > PRODUCTION COSTS R$/hectare 2023/24 x 2024/25 -5,4% 6.916 6.545 2023/24 2024/25 *Weighted by areas in the 2024/25 crop year to avoid impacts from changes in the product mix Source: 4Q24 Release
Slide 23: Hedge Position 2024/25 and 2025/26
2024/25 and 2025/26 CROP YEAR > HEDGE POSITION 2024/25 AND 2025/26 FX Hedge – Soybean Commercial Hedge – Soybean Crop Year 2024/25 2025/26 Crop Year 2024/25 2025/26 % 73.1 18.1 % 67.2 25.7 R$/USD 5.6166 6.3056 USD/bu(2) 11.51 11.20 Commitments %(1) 8.3 47.2 Commitments %(1) 7.9 20,0 FX Hedge – Cotto
Slide 24: Acquisition of Sierentz Agro Brasil Ltda.
2025/26 CROP YEAR > ACQUISITION OF SIERENTZ AGRO BRASIL LTDA. Sierentz Acquisition AFTER THE PARTIAL SPIN-OFF OF SIERENTZ • USD 135 million • Start of Operation: 07/01/2025; • Payment: 3 installments (2025, 2026 and 2027) • 63 thd physical hectares (Around 100 thd ha of planted area); • Operation: s
Slide 25: Asset Light Growth
2025/26 CROP YEAR > ASSET LIGHT GROWTH Strategy +14% 833,958 731,644 LAND PORTFOLIO UNDER MANAGEMENT 62,0% to 66,5%* - Leased Hectares Area *Physical area under the Company’s management CROP YEAR 2024/25 CROP YEAR 2025/26 25 Source: Relevant Fact on 03/06/2025
Slide 26: Awards and ESG
Wain os AWARDS AND ESG SLC Bee ALtH1COlT
Slide 27: Awards and ESG
AWARDS AND ESG GPTW Mental Health 27
Slide 28: Awards and ESG: Certified Hectares
AWARDS AND ESG + 4 Farms 137 thd hectares 6 Farms = certified 2023 2024 1 2 Planalto (MS) Palmares (BA) Pamplona (GO) Pantanal (MT) Planeste (MA) Planorte (MT) 28
Slide 29: Awards and ESG
AWARDS AND ESG GHG Gold Seal Transparency Trophy 29
Slide 30: Our Big Dream and Values
OUR OUR BIG DREAM VALUES To positively impact future generations, through global leadership in agribusiness and respect to the planet We believe that those who have PASSION FOR WHAT WE DO are committed and do it with the highest quality, preserving their INTEGRITY through an ethical conduct, consist
Slide 31: Investor Relations Department
INVESTOR RELATIONS DEPARTMENT Ivo Marcon Brum Chief Financial and Investor Relations Officer Rodrigo Gelain Financial and Investor Relations Manager Alisandra Reis Investor Relations Coordinator Laiza Rocha Investor Relations Specialist Daniel Batista www.slcagricola.com.br / ri@slcagricola.com.br I
Slide 32: SLC
SLC Peed A 271CO!0 32
Slide 33: Q&A
MOMENTO Q&A Para fazer perguntas: clique no ícone Q&A e escreva sua pergunta, para entrar na fila. Ao ser anunciado, uma solicitação para ativar seu microfone aparecerá na tela e, então, você deve ativar o seu microfone para fazer perguntas. Orientamos que as perguntas sejam feitas todas de uma únic