Sao Martinho S.a. · BMFBOVESPA:SMTO3
Sao Martinho — 4Q09 Earnings Presentation
8 slides from Sao Martinho's earnings presentation, June 2009
Slide 1: 4Q09 Earnings Conference Call
4Q09 Earnings Conference Call 2008/2009 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: 4Q09 / 12M09 Highlights
4Q09 / 12M09 HIGHLIGHTS Adjusted EBITDA in 4Q09 was R$ 77 million (adjusted margin of 28.8%). In fiscal 2009, adjusted EBITDA achieved R$ 189 million (adjusted margin of 24.5%); Positions in Non-Deliverable Forwards (NDFs) and Debt denominated in U.S. dollar on March 31, 2009 totaled US$ 248.8 milli
Slide 4: Ethanol Market
ETHANOL MARKET Chart 1 Billion Liters Exports Exports Ethanol production in the 2009/10 3.1 4.2 harvest should grow by just 1 billion liters; 28.4 25.3 27.2 21.7 Ethanol prices should increase in Domestic Domestic the coming months - Recovery in Market Market sugar prices will improve the cash Produ
Slide 5: Sugar Market
SUGAR MARKET Hedge Position – Sugar – São Martinho Group Table 1 % Hedged Volume Average Price Tonnes US$ ¢ / pound Inventories 4Q09 Total Available 141,240 12.88 2008/09 Harvest Production (Hedged) 40% 189,726 13.64 2009/10 Harvest Production (Not Hedged) 490,274 Total 09/10 Harvest 2009/10 Harvest
Slide 6: Operating / Financial
OPERATING / FINANCIAL Table 1 2008/09 2009/10 Harvest Harvest FORECAST Products Available Crushing Inventories Thousand Tonnes 12,001 +9% 13,050 4Q09 For Sale FY 2010 Sugar Thousand Tonnes 555 +22% 680 141 821 Ethanol 674 +2% 687 53 740 Thousand M3 MIX 33% / 67% 38% / 62% Sugar / Ethanol Net Debt Ev
Slide 7: 4Q - Results
4Q - RESULTS Net Revenue EBITDA Sugar Sales R$ - Thousand R$ - Thousand Tonnes 267,258 159,143 77,023 231,500 133,299 + 15% 54,726 - 16% + 41% 4Q08 4Q09 4Q08 4Q09 4Q08 4Q09 Sugar Inventories Inventory sales Tonnes 141,240 Leaving Copersucar 77,450 - 94 % + 29 x 4,860 4Q07 4Q08 4Q09 7
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 Phone: +55 11 Denise Araújo 2105-4100 Francisco Gerente ri@saomartinho.ind.br E-mail: de RI denise.francis