Sao Martinho S.a. · BMFBOVESPA:SMTO3
Sao Martinho — 1Q18 Earnings Presentation
8 slides from Sao Martinho's earnings presentation
Slide 1: Earnings Release Conference Call 1Q18 17/18 Harvest
Earnings Release Conference Call 1Q18 17/18 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 2. Financial Highlights 3. Indebtedness 4. Hedge 3
Slide 4: Operational Highlights
Operational Highlights Table 1 OPERATING DATA 1Q17 1Q18 YoY (%) São Martinho - Consolidated Crushing ('000 tons) 8,186 8,739 6.8% Own 5,644 5,966 5.7% Third Parties 2,542 2,773 9.1% Production Sugar ('000 tons) 480 504 5.1% Anhydrous ('000 m3) 154 159 3.2% Hydrous ('000 m3) 136 170 24.7% Cogeneratio
Slide 5: Financial Highlights
Financial Highlights Table 1 Graph 1 SUGAR Graph 2 ETHANOL R$ ‘000 +26.2% 1,485.6 -1.0% Highlights 1Q17 1Q18 Chg. (%) 1,617.8 Net Revenue 709,426 867,856 22.3% 1,177.2 Adjusted EBITDA 333,750 475,340 42.4% 1,602.1 +13.0% Adjusted EBITDA Margin 47.0% 54.8% 7.7 p.p. 372.0 329.1 35.6 Adjusted EBIT 176,
Slide 6: Indebtedness
Indebtedness Table 1 Graph 1 Graph 2 INDEBTEDNESS Mar/17 Jun/17 Chg%. CURRENCY - GROSS CURRENCY - NET R$ '000 Indebtedness in foreign exchange 1,217,557 1,113,734 -8.5% USD BNDES / Rural Credit 842,630 808,198 -4.1% 27% Working Capital 1,371,682 1,264,547 -7.8% USD Reais Agribusiness Certificate of
Slide 7: Hedge
Hedge Table 1 Volume Avg. Price Hedged (US$ c/p) ('000 tons) Our sugar prices hedged Sugar represents, approximately 77% Jul/17 (N17) 167,823 18.78 of own cane and 62% of total Oct/17 (V17) 185,939 19.73 sugar. Mar/18 (H18) 148,801 19.11 Crop year 2017/2018 502,563 19.23 Table 2 TOTAL SUGAR OTHERS
Slide 8: Contacts - IR
Contacts - IR Felipe Vicchiato CFO e IRO Aline Reigada IR Manager Letícia Montagnani IR Senior Analyst Telephone: +55 11 2105-4100 E-mail: ri@saomartinho.com.br Website: www.saomartinho.com.br/ir 8