Sao Martinho S.a. · BMFBOVESPA:SMTO3
Sao Martinho — 4Q13 Earnings Presentation
8 slides from Sao Martinho's earnings presentation, 2013
Slide 1: 2012/2013 – Earnings Release
2012/2013 – Earnings Release
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: Financial Highlights – 4Q13
Financial Highlights– 4Q13 Table 1 4Q12 4Q13 Variation Graph 1 Sugar Ethanol Net Revenue 259.5 403.8 +55.6% +5.5% -3.7% COGS (cash) (153.4) (209.8) +36.8% +3.2% Adjusted EBITDA 68.6 142.9 +108.2% +127.7% Adjusted EBITDA 26.5% 35.4% +8.93 p.p. Margin Earnings before (24.0) 19.7 n.m. 4Q12 4Q13 4Q12 4Q
Slide 4: Financial Highlights – 12M13
Financial Highlights – 12M13 Table 1 Table 2 Variation 12M12 12M13 Variation 12M12 12M13 Var.% (R$ MM) Net Revenue 1,366.9 1,635.9 +19.7% Adjusted EBITDA 537.1 651.9 +114.8 +21.4% COGS (Cash) (676.2) (795.1) +17.6% Depr./Amort. (351.8) (452.9) -101.1 +28.7% Adjusted EBITDA 537.1 651.9 +21.4% Biologi
Slide 5: EBITDA Cost (4Q13 – 12M13)
EBITDA Cost (4Q13 – 12M13) Graph 1 % of Net Rev. 12M13 Table 1 12M13 Sugar Ethanol Others TOTAL Net Rev enue 949,800 545,851 140,305 1,635,955 Adjusted EBI TDA 439,677 176,024 36,214 651,915 Adj. EBITDA Margin 46.3% 32.2% 25.8% 39.8% Table 2 Table 3 EBITDA COST BY PRODUCT– 4Q13 EBITDA COST BY PRODUC
Slide 6: Indebtedness
Indebtedness Table 1 Graph 1 DEBT Mar-13 Mar-12 Var%. R$ Thousand CURRENCY PESA 69,599 72,509 -4.0% Local Currency Loans / Working Capital 896,898 518,958 72.8% PPE & NCE 808,516 437,799 84.7% Obligations from Acquisitions 81,657 113,475 -28.0% Gross Debt 1,856,670 1,142,741 62.5% Cash and Cash Equi
Slide 7: Guidance – FY13/14
Guidance – FY13/14 Table 1 Crushing and Production Guidance Production 2012/2013 Var. (%) 2013/2014 (*) Crushing ('000 tons) 12.9 15.3 18.5% Sugar ('000 tons) 970.4 996.0 2.6% Ethanol ('000 m3) 451.4 644.0 42.7% Mix Sugar/Ethanol 57% - 43% 48% - 52% Mix Anhydrous/Hydrous 62% - 38% 65% - 35% (*) Incl
Slide 8: IR Contacts
IR Contacts Telephone: +55 11 2105-4100 E-mail: ri@saomartinho.com.br Website: www.saomartinho.com.br/ir