Slc Agricola S.a. · BMFBOVESPA:SLCE3
Slc Agricola — Q1 2026 Earnings Presentation
27 slides from Slc Agricola's earnings presentation, May 15, 2026
Slide 1: 1Q26 Earnings Conference Call
1Q26 Earnings Conference Call Speakers: Aurélio Pavinato - CEO Ivo Brum – Chief Financial and IR Officer André Vasconcellos – Financial Planning and IR Manager
Slide 2: Language choice + Q&A
Faça sua pergunta Escolha do idioma + Q&A Tradução Simultânea Simultaneous Translation Ask your question Essa videoconferência será em português, The following presentation will be held in com tradução simultânea para o inglês. Portuguese, with simultaneous translation to English. Alteração de Idiom
Slide 3: Market Overview
Market Overview £3 SLC acricoLa
Slide 4: Market Overview: Cotton
Market Overview Cotton Price World supply & demand (million bales) (ICE) SPOT Jun 26 – U$ cents/pd 86.81 +3.9% US Planted Area | +1.6% US Yield (ICE) Dec 26 – U$ cents/pd 86.46 140 2026/27 vs 2025/26 70,0 (ICE) Mar 27 – U$ cents/pd 87.03 130 124.5 122.6 121.7 60,0 120 115.8 116.3 115.0 119.3 (ICE) D
Slide 5: Soybean Oil vs. Crude Oil
Market Overview Soybean Oil vs. Crude Oil Source: Bloomberg
Slide 6: Market Overview: Soybean
Market Overview Soybean Price World supply & demand (million tons) (CBOT) SPOT May 26 - USD\bu 12.15 +4.3% US Planted Area | 0% US Yield (CBOT) Jul 26 - USD\bu 12.29 2026/27 vs 2025/26 441.5 427.9 427.6 (CBOT) Aug 26 – USD\bu 12.23 396.3 440.7 378.2 426.6 (CBOT) Mar 27 – USD\bu 12.15 369.6 366.3 412
Slide 7: Market Overview: Corn
Market Overview Corn Price World supply & demand (million tons) (CBOT) SPOT May 26 - USD\bu 4.66 -3.5% US Planted Area | -1.8% US Yield 2026/27 vs 2025/26 (CBOT) Jul 26 - USD\bu 4.80 1,312.7 1,306.5 (CBOT) Sep 26 – USD\bu 4.87 1,230.7 1,250.6 1,220.3 1,292.8 1,295.4 (CBOT) Dec 26 – USD\bu 5.03 1,152
Slide 8: Crop Year 2025/26
2025/26 Crop Year Cultivar & Evoluir £3 SLC acricoLa
Slide 9: Status 2025/26 Crop year
2025/26 Crop Year Status 2025/26 Crop year Soja Soybean 100% harvested Milho Corn 100% planted Cotton Algodão 100% planted Update: May 8th, 2026
Slide 10: Soybean, last years
2025/26 Crop Year Soybean, last 8 years Evolution – yields (bags p/ha) and planted area (ha) Yield +11% 4,146 Planted Area +75% Kg/ha 69.1 450.000 69 70 Bag/ha 400.000 62 65 350.000 60 Yield 55 300.000 Record PLANTED AREA (HA) BAGS OF SOYBEAN 50 250.000 2025/26 crop year 45 200.000 424,648 40 150.00
Slide 11: Hedge Position 2025/26
2025/26 Crop Year Hedge Position 2025/26 FX Hedge – Soybean Commercial Hedge – Soybean Crop Year 2025/26 Crop Year 2025/26 % 74.9 % 75.1 R$/USD 5.6896 USD/bu 11.20 Commitments % 4.3 Commitments % 4.1 FX Hedge – Cotton Commercial Hedge – Cotton Crop Year 2025/26 Crop Year 2025/26 % 74.2 % 84.6 R$/USD
Slide 12: Financial Performance
Financial Performance £3 SLC acricoLa
Slide 13: Financial Highlights
Financial Performance Financial Highlights (R$ thd) 1Q25 1Q26 HA Net revenue 2,331,042 2,267,501 -2.7% Gross income 1,076,055 943,164 -12.3% Gross margin 46.2% 41.6% -4.6p.p. Operational result 866,048 624,406 -27.90% Operational margin 37.2% 27.5% -9.7p.p. Net income 510,700 236,082 -53.8% Net marg
Slide 14: CAPEX 1Q26
Financial Performance CAPEX 1Q26 Expansão vs. Manutenção Expansion 32.6% Maintenance 67.4% IRRIGATION CAPEX R$ 73 M in the quarter Source: 1Q26 Release.
Slide 15: Net Debt
Financial Performance Average annual Net Debt Credit Line (R$ thd) Interest Rate 4Q25 1Q26 Consolidated 4Q25 1Q26 Finame – BNDES 11.6% 11.8% 194,165 198,804 Finep 6.5% 6.2% 19,971 20,005 CRA 15.6% 15.3% 2,589,190 2,594,100 Rural Credit 15.7% 15.5% 1,366,822 1,368,318 Applied in Working Capital 16.0%
Slide 16: Debt Profile
Financial Performance Debt Profile 4Q25 1Q26 Short Short Term Term 22% 19% Long Long Term Term 78% 81% Source: 1Q26 Release.
Slide 17: Crop year 2026/27 Inputs/Hedge
2026/27 Crop year Inputs/Hedge
Slide 18: Inputs and fertilizers
2026/27 Crop year Inputs and fertilizers USD/ton % purchased inputs 1000 MAP CFR KCL CFR Urea CFR SSP CPT MT 2026/27 crop year: 900 85.0% potassium chloride 800 733 600 100% phosphate 423 400 405 0% nitrogen 200 30/04/2023 May/23 30/04/2024 May/24 30/04/2025 May/25 30/04/2026 May/26 74.3% crop prote
Slide 19: Hedge Position 2026/27
2026/27 Crop year Hedge Position 2026/27 FX Hedge – Soybean Commercial Hedge – Soybean Crop Year 2026/27 Crop Year 2026/27 % 2.8 % 18.4 R$/USD 5.4780 USD/bu 11.82 Commitments % 40.4 Commitments % 17.3 FX Hedge – Cotton Commercial Hedge – Cotton Crop Year 2026/27 Crop Year 2026/27 % 0.4 % 33.5 R$/USD
Slide 20: ESG
AINJOAg *g JeARIND v1oo0l¥ov DOYS ESG
Slide 21: Awards
By BS 7 QO BEM-ESTAR QO, ANIMAL AGRICOLA
Slide 22: Reduction in carbon emissions
ESG Reduction in Decarbonization plan projection carbon emissions • Expansion of regenerative and low-carbon agriculture practices • Reduction in the use of fossil fuels and self-generation of electricity from renewable sources • Offsetting actions through the conservation of native areas Emissions
Slide 23: 4 Carbon Negative Farms
ESG ENVIRONMENTAL 4 Carbon Negative Farms (metric ton CO2e) Agricultural Agricultural Scope 1 and Farm Scope 1 Balance • Parnaguá Farm Scope 2 removals emissions • Palmares Farm Parnaguá 18,573 -23,063 -4,490 • Panorama Farm Palmares 41,024 -62,653 -21,629 Panorama 40,236 -46,975 -6,739 • Piratini F
Slide 24: Our Big Dream
Our Big Dream To positively impact future generations, through global leadership in agribusiness and respect to the planet. Our values Integrity, guided by ethical, consistent, and unquestionable conduct, combined with Passion for what we do and a commitment to the highest quality, foster Enduring R
Slide 25: Investor Relations department
Investor Ivo Marcon Brum Relations Chief Financial and Investor Relations Officer department André Vasconcellos Financial Planning and Investor Relations Manager + 55 51 3230.7799 + 55 51 3230.7864 Alisandra Reis Investor Relations ri@slcagricola.com.br Coordinator slcagricola.com.br Daniel Batista
Slide 26: Disclaimer
Disclaimer We make forward-looking statements “believes”, “may”, “will”, “continues”, that are subject to risks and “expects”, “anticipates”, “intends”, uncertainties. These statements are “plans”, “estimates” or similar based on the beliefs and assumptions expressions. Forward-looking statements of
Slide 27: SLC Agricola
&> SLC aGrRicoLa Cultivate & Evolve