Sao Martinho S.a. · BMFBOVESPA:SMTO3
Sao Martinho — 3Q16 Earnings Presentation
10 slides from Sao Martinho's earnings presentation
Slide 1: Earnings Release Conference Call 15/16 Harvest 3Q16
Earnings Release Conference Call 15/16 Harvest 3Q16
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 14/15 15/16 Chg.(%) OPERATING DATA Crop Year Crop Year São Martinho - Consolidated Crushed Sugarcane (‘000 tons) 18,718 20,024 7.0% Own 12,326 12,985 5.3% Third Parties 6,392 7,039 10.1% Mechanized Harvest 97.0% 97.4% 0.43 p.p. Agricultural Yield (ton/ha) 87.6 85.9 -1.9% Avera
Slide 5: Financial Highlights
Financial Highlights Graph 1 SUGAR Graph 2 ETHANOL Table 1 +29.1% 1,676.0 3Q15 3Q16 Chg. % 1,070.3 +18.9% 1,298.6 Net Revenue 594,188 852,673 43.5% 899.8 COGS (cash) (243,133) (373,424) 53.6% +12.5% 356.3 241.1 316.8 23.3 +55.5% 28.0 155.1 Selling Expenses (23,195) (32,923) 41.9% 198.5 333.0 288.8 1
Slide 6: Cost Production Analysis
Cost Production Analysis Effective crushing (thous. tons) Average TRS (kg/ton) (thous.) Graph 1 Graph 2 -2.6% +7.0% 20,024 2,650 18,718 2,581 Decrease of 9.0% on Average TRS (kg/ton) 9M15 9M16 9M15 9M16 Average Cash Cost Per Unit Graph 3 Graph 4 Graph 5 Graph 6 +12.0% +7.9% 719 703 642 651 +29.5% +1
Slide 7: Indebtedness
Indebtedness Table 1 INDEBTEDNESS Mar/15 Dec/15 Chg%. R$ '000 Indebtedness in foreign exchange 1,819,988 1,943,924 6.8% Graph 1 Graph 2 CURRENCY TERM BNDES / Rural Credit 941,657 767,070 -18.5% Short- Working Capital 794,201 1,186,578 49.4% term USD Reais 22% Obligations from acquisitions 96,323 91,
Slide 8: Inventories
Inventories Table 1 INVENTORIES 3Q15 3Q16 Chg%. Sugar (tons) 350,410 397,699 13.5% Hydrous (m³) 180,860 94,854 -47.6% Anhydrous (m³) 154,985 148,643 -4.1% Average Price 9M15 A: +36.5% A - R$ 1.543 H - R$ 1.373 H: +38.6% Graph 1 Average Price 1Q16 Average Price 2Q16 Average Price 3Q16 A - R$ 1.374 A
Slide 9: Hedging
Hedging Sugar Volume Hedged Avg. Price % of own % of the R$ / ton ('000 tons) (US$ c/p) sugarcane total 2015/2016 crop year 418,584 15.74 100% 100% 1,235 2016/2017 crop year 433,497 13.96 50% 35% 1,265 9
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