Sao Martinho S.a. · BMFBOVESPA:SMTO3
Sao Martinho — 3Q09 Earnings Presentation
8 slides from Sao Martinho's earnings presentation
Slide 1: 3Q09 Earnings Conference Call
3Q09 Earnings Conference Call 2008/2009 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: 3Q09 Highlights
3Q09 HIGHLIGHTS The São Martinho Group closed the 2008/09 harvest year with a 17.4% increase in total sugarcane crushing capacity to a record 12 million tons; We produced 674,000 m3 of ethanol and 555,000 tons of sugar, for a mix of 67% ethanol and 33% sugar; Net revenue in 3Q09 grew by 73.5% versus
Slide 4: Ethanol Market
ETHANOL MARKET Chart 1 19.5 20.00 Billion Liters 20.00 Center-South region should 18.00 Exports 18.00 3.93 16.00 Domestic Market 14.6 16.00 74% close harvest with production of EX 14.00 2.26 14.00 25 billion liters of ethanol; 12.00 12.00 26% 10.00 10.00 DM 8.00 8.00 1.82 15.56 6.00 0.77 0.99 0.50 1
Slide 5: Sugar Market
SUGAR MARKET Chart 1 NY11 NY11 - R$/Ton 18.00 Price per ton of sugar in local currency rose R$ 670 sharply due to the weaker BRL and the 17.00 R$ 620 improvement in international commodity prices; NY11 - US$ - Cents/Pound 16.00 R$ 570 NY11 - R$ / Tonne 15.00 R$ 520 If sugar prices remain above R$600
Slide 6: Indebtedness
INDEBTEDNESS Chart 1 R$ 545 M Short-term debt and investments R$ 400 M were addressed; Total Inventories Boa Vista Mill is ready to crush 2.2 R$ 145 M 3Q09 R$ 82 M million tons of sugarcane in the Cash 2009/10 harvest year; Capex UBV NET R$ 60 M Debt Greater allocation of funds to working ST Total c
Slide 7: Operating Results
OPERATING RESULTS Table 1 3Q09 3Q08 Change Growth in Net Revenue Net Revenue 220,816 127,286 +73.5 and EBITDA driven by CPV (Cash Cost) (127,638) (82,313) +55.1 higher sales volume and better prices; Gross Profit 52,174 12,835 +306.5 EBITDA (Adjusted) 64,412 22,843 +182.0 Financial Expenses EBITDA M
Slide 8: IR Contacts
IR Contacts João do Val CFO and IR Officer Felipe Vicchiato Investor Relations Alexandre Gorla Investor Relations Analyst João Carvalho do Val - Diretor Financeiro e de Relação com Investidores Phone: +55 11 Denise Araújo 2105-4100 Francisco Gerente ri@saomartinho.ind.br E-mail: de RI denise.francis