Sao Martinho S.a. · BMFBOVESPA:SMTO3
Sao Martinho — FY2012 Earnings Presentation
7 slides from Sao Martinho's earnings presentation
Slide 1: 12M12 Results
T novo MERCADO AY DAD Sao Martinho | -— 12M12 Results
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: Guidance – 2012/2013 Harvest
GUIDANCE – 2012/2013 HARVEST Table 1 Crushing and Production Proportional Grupo 2010/2011 2011/2012 2012/2013 Chg. (%) Chg. (%) São Martinho S.A. (*) Harvest Harvest Harvest Crushing ('000 tons) 13,1 -18,9% 10,6 13,2% 12,0 Sugar ('000 tons) 873 -11,3% 774 16,3% 900 Ethanol ('000 m³) 565 -33,3% 377 2
Slide 4: Financial Highlights
FINANCIAL HIGHLIGHTS Table 1 Financial Highlights (in R$ million) – 12M12 and 4Q12 12M11 12M12 Change 4Q11 4Q12 Change Net Revenue 1,295.0 1,366.9 +5.6% 280.6 259.5 -7.5% Adjusted EBITDA 612.6 529.9 -13.5% 130.6 65.5 -49.9% Adjusted EBITDA 47.3% 38.8% -8.5 p.p. 46.6% 25.2% -21.4 p.p. Margin Net Inco
Slide 5: EBITDA Margin Analysis
EBITDA MARGIN ANALYSIS Chart 1 EBITDA Evolution – 12M12 Sales Mix 38.8% Sugar / Ethanol 47.4% EBITDA Margin 44.7% 1Q12 62% / 38% 40.5% 25.2% 2Q12 71% / 29% Adjusted EBITDA 3Q12 48% / 52% 4Q12 37% / 63% Table 1 EBITDA COST BY PRODUCT – 12M12 12M11 12M12 Change The strong increase in Sugar Ethanol EBI
Slide 6: Indebtedness
INDEBTEDNESS CURRENCY Chart 1 Indebtedness Impact Net Debt / EBITDA 1.6 x (*) (*) Considering Santa Cruz´s EBITDA LTM in the last 12 months in the proportion of 32.18% TERM 1) Santa Cruz´s acquisition (32.18%) accounted for almost 85% of the Group indebtedness increase; 2) 80% of debt concentrated i
Slide 7: IR Contacts
IR Contacts João Carvalho do Val CFO and IR Officer Felipe Vicchiato Financial and Investor Relations Manager Aline Reigada Lara Razza João Carvalho do Val - Diretor Financeiro e de Relação com Investidores Phone: +55 11 2105-4100 Denise Araújo Francisco E-mail: ri@saomartinho.ind.br Gerente de RI d