Sao Martinho S.a. · BMFBOVESPA:SMTO3
Sao Martinho — 2Q20 Earnings Presentation
9 slides from Sao Martinho's earnings presentation
Slide 1: Results 2nd Quarter 2019/2020 Harvest
Results 2nd Q U A R T E R 2019/2020 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. Operational Highlights 4. Hedge Position 2. Financial Highlights 5. Investments 3. Indebtedness 33
Slide 4: Operational Highlights
Operational Highlights OPERATIONAL DATA 6M19 6M20 Chg.(%) Crushed Sugarcane (‘000 tons) 18,429 18,924 2.7% Own 12,153 12,551 3.3% Third Parties 6,276 6,373 1.5% Mechanized Harvest 100% 100% 0.0 p.p. Agricultural Yield (ton/ha) 75.3 85.4 13.5% Average TRS (kg/ton) 142.1 136.7 -3.8% Production Sugar (
Slide 5: Financial Highlights
Financial Highlights +11.4% net of R$ ‘000 Executive Summary 2Q19 2Q20 Chg. (%) ETHANOL comercial expenses Net Revenue¹ 643,427 770,096 19.7% +14.4% (‘000 m3 - R$/m3) Adjusted EBITDA 316,238 387,858 22.6% Graph 1 1,869.6 Adjusted EBITDA Margin 49.1% 50.4% 1.2 p.p. 1,634.0 - Higher volume Adjusted EB
Slide 6: Indebtedness
Indebtedness Table 1 Currency - Gross Graph 2 Mar/19 Sep/19 Chg.% R$ '000 Gross Debt 4,491,205 4,531,268 0.9% Cash and Cash Equiv alents 2,089,213 1,411,780 -32.4% BBB- Net Debt 2,401,992 3,119,488 29.9% USD Investment Grade Net Debt / LTM EBI TDA - R$ 1.46 x 1.88 x 28.4% 34% R$ Global Scale Net Deb
Slide 7: Hedge Position
Hedge Position Volume Hedged Average Price Average Price SUGAR (ton) (US$ c/p) (R$/ton) ~87% of own 2019/2020 Harvest 510,209 13.54 ~1,208 sugarcane hedged¹ 2020/2021 Harvest 201,027 13.61 ~1,246 Volume Hedged Average Price DOLLAR (US$ ‘000) (R$/US$) ~87% of own 2019/2020 Harvest 160,306 4.01 sugarc
Slide 8: Main Projects focused on Value Creation
Main Projects focused on Value Creation 2019/2020 Harvest Next Harvests ✓ Projects: ~R$ 110 million ✓ Cogeneration (A-6 Auction)¹ • COA: Agricultural Automation • PSS+Meiosi Sales: 177 GWh • Yeast Price: R$ 206/MWh (adjusted by inflation) • Sugar and Ethanol Production Supply: 25 years (beginning on
Slide 9: Contacts - Investor Relations
Contacts - Investor Relations +55 11 2105-4100 ri@saomartinho.com.br www.saomartinho.com.br/ir