Sao Martinho S.a. · BMFBOVESPA:SMTO3
Sao Martinho — 2Q16 Earnings Presentation
10 slides from Sao Martinho's earnings presentation
Slide 1: Earnings Release Conference Call 15/16 Harvest 2Q16
Earnings Release Conference Call 15/16 Harvest 2Q16
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 Operational Highlights 2 Financial Highlights 3 Cost Production Analysis 4 Indebtedness 5 Inventories 6 Hedging 3
Slide 4: Operational Highlights
Operational Highlights OPERATING DATA 6M15 6M16 Chg.(%) São Martinho - Consolidated Crushed Sugarcane (‘000 tons) 15,158 15,037 -0.8% Own 9,629 9,253 -3.9% Third Parties 5,529 5,784 4.6% Mechanized Harvest 94.8% 97.1% 2.31 p.p. Agricultural Yield (ton/ha) 87.6 84.2 -3.8% Average TRS (kg/ton) 141.0 1
Slide 5: Financial Highlights
Financial Highlights Graph 1 SUGAR Graph 2 ETHANOL Table 1 2Q15 2Q16 Chg. % +19.5% 1,038.6 +12.1% 1,421.3 Net Revenue 526,227 683,599 29.9% 868.8 COGS (cash) (216,132) (298,880) 38.3% 1,267.9 -2.9% +60.2% 212.8 Selling Expenses (23,203) (27,900) 20.2% 287.5 132.8 125.7 279.3 21.3 23.6 G&A Expenses (
Slide 6: Cost Production Analysis
Cost Production Analysis Effective crushing (thous. tons) Average TRS (kg/ton) (thous.) Graph 1 Graph 2 -0.8% 15,158 15,037 -8.5% Decrease of 7.8% on 2,138 1,957 Average TRS (kg/ton) 6M15 6M16 6M15 6M16 Average Cash Cost Per Unit Graph 4 +11.5% 688 Graph 3 617 Decrease on the TRS volume produced,
Slide 7: Indebtedness
Indebtedness Table 1 INDEBTEDNESS Mar/15 Sep/15 Chg%. R$ '000 Indebtedness in foreign exchange 1,819,988 2,012,342 10.6% Graph 1 Graph 2 CURRENCY TERM BNDES 877,296 749,210 -14.6% Short- Working Capital 858,562 1,255,193 46.2% term USD Reais 23% Obligations from acquisitions 96,323 91,146 -5.4% 48%
Slide 8: Inventories
Inventories Table 1 Oct-Dec/15 Volume available % of INVENTORIES 2Q16 Production for sale Guidance Sugar (tons) 476,321 342,863 819,184 63% Hydrous (m³) 155,850 65,218 221,068 73% Anhydrous (m³) 136,501 104,830 241,331 57% MarketValue Market ValueR$ R$1 1 912,472 1,619.3 Graph 1 1,317.6 1,314.9 1,32
Slide 9: Hedge
Hedge Sugar Volume Hedged Avg. Price (US$ % of own % of the ('000 tons) c/p) sugarcane total 2015/2016 crop year 695,642 15.61 97% 86% 2016/2017 crop year 340,528 13.52 38% 26% US$ SUGAR Av erage Price % as sugar US$ '000 (R$/US$) equiv alent 2015/2016 crop year 194,053 3.15 81.0% 2016/2017 crop yea
Slide 10: Contacts - IR
Contacts - IR Felipe Vicchiato CFO e IRO Aline Reigada IR Manager Letícia Montagnani IR Senior Analyst Telephone: +55 11 2105-4100 E-mail: ri@saomartinho.com.br Website: www.saomartinho.com.br/ir 10