Brasilagro Cia Brasileira De Propriedades Agricolas · BMFBOVESPA:AGRO3
Brasilagro Cia Brasileira De Propriedades Agricolas — Brasilagro Brazilian Agric Real Estate Co Sponsored ADR (Brazil) — Q4 2024 Earnings Presentation
19 slides from Brasilagro Cia Brasileira De Propriedades Agricolas's earnings presentation, Sep 4, 2024
Slide 1: Results Presentation 4Q24 | 2024
RESULTS PRESENTATION 4Q24 | 2024 André Guillaumon Gustavo Lopez Ana Paula Zerbinati CEO CFO & IRO IR and Capital Market Head
Slide 2: 4Q24 | 2024 Results Videoconference
4Q24 | 2024 RESULTS VIDEOCONFERENCE PORTUGUÊS Essa videoconferência será em português, com tradução simultânea para o inglês. Alteração de Idioma: para acessar a tradução simultânea, clique no botão ENGLISH Interpretation, na parte inferior direita da tela, The following presentation will be held in
Slide 3: 2024 Highlights
2024 HIGHLIGHTS • R$ 1.1 billion of net revenue Financial • R$ 226.9 million of net income • R$ 279.8 million adjusted EBITDA • R$ 155.0 million of Proposed Dividends Real Estate ✓ R$364,5 million in farm sale ✓ More than 11 thousand hectares leased + 2.3 million tons of production Operational + 600
Slide 4: Real Estate
REAL ESTATE Sale of Chaparral Farm Alto da Serra Leasing Novo Horizonte Leasing SOLD AREA: LEASING AREA: LEASING AREA: 12.335 total ha 7.000 TOTAL HA 4.767 total ha 8.796 arable ha 5.060 ha in 2024 670 irrigated ha 1.940 ha until 2029 SALE: R$364.5 million PRODUCTION: PRODUCTION: 350 bags/arable Sug
Slide 5: Scenario
SCENARIO Commodity performance (Aug/22 – Aug/24) ( R$ / @) ( R$ / 60 Kg) 189,22 318,40 -24,9% -31,3% 239,00 Soy Paranaguá Cattle Raising 130,03 ( R$ / 60 kg) ( R$ / L) 85,83 -29,6% -9,5% 2.900 Corn Ethanol 2.624 BM&FBOVESPA Hydrated Futuro B3 60,41 ( R$ / 50 Kg) ((Algodão NY c/lb) 2,8% -30,2% 1,1387
Slide 6: Production (thousand tons)
Production (thousand tons) Production per product The production of grains and cotton was 33% below the estimate due to: (i) the reduction in planted area, which represents approximately 98,800 tons; (ii) climate events that affected the Production Harvest Area production cycle; and (iii) management
Slide 7: Sugarcane and Cattle Raising 2023/2024 Harvest Year
2023/2024 HARVEST YEAR Production Harvest Area TCH (tons) (hectares) Sugarcane 1.975.027 2.076.046 24.951 24.801 83,71 79,16 2023 Harvest 2024 Harvest 2023 Harvest 2024 Harvest 2023 Harvest 2024 Harvest Realized Estimated Realized Estimated Realized Estimated Pasture ADG Cattle Heads (hectares) (kg)
Slide 8: Planted Area
PLANTED AREA (THOUSAND HECTARES) Estimated Planted Area 24/25 Harvest Evolution of Planted Area (mil hect ares) 178,909 hectares Culture Breakdown Land Ownership 178,9 14% 4% 171,3 9% 41% 168,9 41% 52% 17% 7% 7% 8% Soybean Corn and Corn 2nd Crop Owned Area Operated by BrasilAgro Beans and Beans 2nd
Slide 9: Insumos
INSUMOS Price of inputs Average Price Status Purchase Fertilizers – Aug/24 BrasilAgro: USD/TON. -2% Nitrogenous 24/25 MAP 24/25 Harvest: Potassium chloride Nitrogenados BRASIL 648 635 20% 588,58 528 555 Phosphates Fosfatados 535 USD/ton dez-22 aug-24 NPK - Formulated 80% Defensivos USD/TON. -40% Def
Slide 10: Hedge Position as of September 2, 2024
HEDGE POSITION As of September 2, 2024 Safra 24/25 SOYBEANS COTTON R$/USD 99% 99% 100% 5,46 R$/USD 36% 83% c/lb 5,41 USD/Bushel USD/Bushel R$/USD 12,48 c/lb R$/USD 82,28 37% 12,81 5,27 17% 82,20 5,57 19% Commodity FX Câmbio Commodity Câmbio FX Commodity FX Câmbio Commodity FX Câmbio 23/24 Harvest 24
Slide 11: Key Figures
KEY FIGURES Fiscal Year Highlights (R$ thousand) Net Income (R$ thousand) (R$ thousand) 2024 2023 Change Revenues from Operations 771.126 903.372 -15% Revenues from Farm Sales 294.525 445.429 -34% Net Sales Revenue 1.065.651 1.348.801 -21% Variation in the fair value of biological assets 39.408 30.5
Slide 12: Key Figures: Gross Income by Culture
KEY FIGURES Soybeans Corn Beans Sugarcane Gross Income by Culture 2024 2023 2024 2023 2024 2023 2024 2023 Quantity sold (tons) 166.132 180.088 134.379 132.610 5.303 3.114 1.753.071 1.640.394 Net Revenue 311.219 419.218 88.268 147.317 11.302 12.483 236.393 244.830 Derivatives Result 28.963 37.366 (1.
Slide 13: Results Operations
RESULTS OPERATIONS Operational EBITDA Breakdown EBITDA Operations (excluding G&A Expenses) Adjusted EBITDA (R$ thousand) 2024 2023 Change Net Profit/Loss (21.508) (77.529) -72% 100% 8% Interest (5.708) (5.886) -3% 2024 Taxes (35.352) 13.173 n.a Depreciations and Amortizations 80.175 88.491 -9% Equit
Slide 14: Indebtedness
INDEBTEDNESS Net Financial Debt Amortization Schedule (R$ thousand) 06/30/2024 06/30/2023 Change 100,1% CDI Short Term -11% 177.311 198.213 Long Term 42% 504.627 356.425 Total Indebtedness 23% R$770,08 681.938 554.638 million (+/-) Derivatives n.a. Farmland sales 48.593 (61.010) receivables (=) Adju
Slide 15: Return to Shareholders
RETURN TO SHAREHOLDERS Dividend Proposal Dividend Yield R$ thousand 2024 2023 9,5% Net income 226.867 268.536 5 Years average (-) Appropriation of the legal reserve (5% of net income) (11.343) (13.427) Adjusted Net Income 215.524 255.109 (-) Mandatory minimum dividends - 25% of adjusted net income 1
Slide 16: Capital Market
CAPITAL MARKET Price – September 3, 2024 AGRO3 x Ibovespa (base 100 = 30/06/2023) Mkt Cap: R$2.6bi AGRO3: R$25.71 LND: US$4.62 AGRO3 IBOV 16
Slide 17: Have you already signed up for BrazilAgro Day 2024?
Have you already signed up for BrazilAgro Day 2024? 09/19 Alto da Serra Farm, Brotas – São Paulo Meeting point: BrazilAgro Headquarters Time: 7:00 AM Return from the farm: 4:30 PM Estimated arrival in São Paulo: 8:00 PM
Slide 18: Disclaimer
DISCLAIMER Disclaimer The statements contained in this document related to business perspectives, projections on operating and financial results and those related to BrasilAgro's growth prospects are mere projections and, as such, are based exclusively on the board's expectations about the future of
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