Sao Martinho S.a. · BMFBOVESPA:SMTO3
Sao Martinho — 4Q15 Earnings Presentation
8 slides from Sao Martinho's earnings presentation
Slide 1: Earnings Release Conference Call Safra 14/15 4Q15
Earnings Release Conference Call Safra 14/15 4Q15
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 Financial Highlights 2 Indebtedness 3 Hedging 4 Operational Highlights 3
Slide 4: Financial Highlights
Financial Highlights Graph 2 Table 1 Graph 1 SUGAR ETHANOL 4Q14 4Q15 Chg. (%) +20,6% -3.3% 1,022.3 1,425.8 1,378.1 847.3 Net Revenue 438,123 718,324 + 64.0% 338.9 +51.3% 28.0 254.2 COGS (cash) (244,943) (331,234) + 35.2% 223.9 +61.5% 20.6 157.4 310.9 234.2 Adjusted EBITDA 147,506 319,878 + 116.9% 20
Slide 5: Indebtedness
Indebtedness Graph 1 Graph 2 Table 1 CURRENCY TERM Short- term INDEBTEDNESS Mar/14 Mar/15 Chg%. USD Reais (R$) 27% 49% 51% R$ '000 Indebtedness in foreign exchange 1,025,908 1,819,988 77.4% Long- term BNDES 697,593 877,296 25.8% 73% Working Capital 415,105 858,561 106.8% Graph 3 Gross Debt Breakdown
Slide 6: Hedge
Hedge Sugar Volume de Hedge Preço Médio (mil tons) (US$ c/p) Açúcar May/15 (K15) 149,969 16.43 Jul/15 (N15) 201,228 17.56 Oct/15 (V15) 253,402 17.26 Mar/16 (H16) 166,073 17.36 76% of our own sugar cane is fixed at a price of R$ 1.070 Total Fixed 770,672 17.20 (-) Consecana 34,952 Own Sugarcane 735,7
Slide 7: Operational Highlights
Operational Highlights Table 1 OPERATING DATA Guidance* 13/14 14/15 YoY (%) 15/16 YoY (%) São Martinho - Consolidated Crushing ('000 tons) 15,593 18,717 20.0% 19,500 4.2% Production Sugar ('000 tons) 986 1,231 24.8% 1,295 5.2% 3 Anhydrous ('000 m ) 388 438 12.9% 423 -3.5% 3 Hydrous ('000 m ) 252 353
Slide 8: Contacts - RI
Cantatos - RI Telefone: +55 11 2105-4100 E-mail: ri@saomartinho.com.br Website: www.saomartinho.com.br/ri 8