Sao Martinho S.a. · BMFBOVESPA:SMTO3
Sao Martinho — 1Q11 Earnings Presentation
6 slides from Sao Martinho's earnings presentation, 2010
Slide 1: 1Q11 Earnings Conference Call
1Q11 Earnings Conference Call 2010/2011 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 the
Slide 3: Highlights
HIGHLIGHTS Increase in sugar and anhydrous ethanol production by 32.5% and 37.7%, respectively; Strong growth in Adjusted EBITDA and EBITDA Margin, reaching R$ 118.5 million and 41.5%, respectively; Reduction in EBITDA costs from 4Q10, to R$ 420/ton for sugar and R$ 550 / m3 for ethanol; Approval of
Slide 4: Sugar and Ethanol: Average Price and Inventories
SUGAR AND ETHANOL Start of hedge accounting as of March 2010, with sugar price and USD hedging for volumes sold impacting net revenue as of 1Q11; Firmer recovery in ethanol prices as of June 2010, at the start of the second quarter of the 2010/11 harvest year. Chart 1 Table 1 INVENTORIES 1Q11 1Q10 C
Slide 5: Drivers of 1Q11 Results
DRIVERS OF 1Q11 RESULTS Chart 2 Chart 3 Selling Expenses Sugar Price Ethanol Price R$ - Million R$ / Ton R$ / M3 350. 0 18. 0 300. 0 14.5 14.3 16. 0 14. 0 250. 0 + 34% 12. 0 + 22% 200. 0 + 26% 10. 0 217.5 815.8 777.1 ‘000 8. 0 150. 0 172.2 Tons 6. 0 608.7 637.6 100. 0 ‘000 Tons 4. 0 50. 0 2. 0 US$ 1
Slide 6: IR Contacts
IR Contacts João Carvalho do Val CFO and IR Officer Felipe Vicchiato Investor Relations Manager Alexandre Gorla Aline Reigada João Carvalho do Val - Diretor Financeiro e de Relação com Investidores Denise Araújo Phone: +55 11Francisco 2105-4100 Gerente de RI E-mail: ri@saomartinho.ind.br denise.fran