Sao Martinho S.a. · BMFBOVESPA:SMTO3
Sao Martinho — 4Q22 Earnings Presentation
9 slides from Sao Martinho's earnings presentation
Slide 1: Results 4th Quarter 2021/2022 Harvest
Results 4th Q u a r t e r 2021/2022 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. Financial Highlights 4. Production Guidance 2. Cash Cost 5. Capex Guidance 3. Price Evolution 33
Slide 4: Financial Highlights
Financial Highlights ‘000 Executive Summary 4Q22 4Q21 Chg. (%) 12M22 12M21 Chg. (%) Net Revenue¹ 1,486,287 1,157,045 28.5% 5,764,670 4,322,174 33.4% Adjusted EBITDA 770,756 568,227 35.6% 3,141,952 2,187,515 43.6% Adjusted EBITDA Margin 51.9% 49.1% 2.7 p.p. 54.5% 50.6% 3.9 p.p. Adjusted EBIT 404,532
Slide 5: Cash Cost (Opex + Capex)
Cash Cost (Opex + Capex) SUGAR AND ETHANOL EQUIVALENT IN R$/TRS – 21/22 HARVEST 2022/2023 HARVEST +40.0% Main Impacts in cash cost +21.9% ✓ Diesel: +60% 151 140 75 26 14 1,421 1,166 ✓ Fertilizer: +30% 1,015 2.6% 1.4% 13.8% 7.4% ✓ Agricultural Machinery: 14.9% +40% ✓ Industrial Inputs: +50% 12M21 Con
Slide 6: Price Evolution
Price Evolution Hedge Position SUGAR – 21/22 SUGAR – 22/23 22/23 Harvest (Efective - R$/ton) (Hedge - R$/ton) (Mar/22) Price 1,769 Sugar hedged Avg. Price Avg. Price (tons) (USD c/p) (R$/ton) Own Cane 1,653 2,223 702,547 17.09 535,276 17.09 2,223 Consecana 2,167 + 34.5% 167,271 17.09 not hedged Mix
Slide 7: Production Guidance – 22/23 Harvest
Production Guidance – 22/23 Harvest Guidance 22/23 21/22 Chg. (%) Guidance 22/23 21/22 Chg. (%) Operational Data Operational Data (i) Low rainfall, Crushing ('000 tons) 20,300 19,899 2.0% Crushing ('000 tons) 20,300 19,899 2.0% (ii) Less intense sunlight; and Average TRS (kgs/ton) 142.1 146.7 -3.2%
Slide 8: Capex Guidance - 22/23 Harvest
Capex Guidance - 22/23 Harvest Maintenance ✓ Price variation on inputs and diesel prices in the period. Guidance R$ MM 21/22 Chg. (%) 22/23 Operational Improvements Maintenance 1,793 1,611 11.3% ✓ Closing of the water circuit at São Operational Improvements 234 185 26.7% Martinho Mill ✓ Replacement
Slide 9: Investor Relations Contacts
Investor Relations Contacts +55 11 2105-4100 ri@saomartinho.com.br www.saomartinho.com.br/ir