Results
Latest quarterly results published by the Company
See a summary of the Results Release for 2Q19 (second quarter of 2019) available on the CVM website and also a summary of the latest quarterly results published by the Company.
For more details visit the Investor Relations site www.slcagricola.com.br/ir
Highlights of the period
| (R$ thousand) | 2Q18 | 2Q19 | AH |
| Net revenue | 464,408 | 413,058 | -11.1% |
| Change Fair Value of Biol. Assets | 288,258 | 393,743 | 36.6% |
| Gross income | 301,427 | 395,555 | 30.9% |
| Gross margin | 64.9% | 95.5% | 30.6 p.p |
| Operating income | 264,583 | 348,790 | 31.8 % |
| Operating margin | 57.0% | 84.4% | 27.5 p.p |
| Net profit | 168,196 | 211,952 | 26.0% |
| Net margin | 36.2% | 51.3% | 15.1 p.p |
| Adjusted EBITDA | 158,913 | 103,776 | -34.7% |
| Adjusted EBITDA margin | 34.2% | 25.1% | -9.1 p.p |
| Net debt | 1,093,858 | 1,602,939 | 46.5% |
Marketplace Overview
Variation in commodity prices
Brazilian exports to China in 2018 amounted to around 303,000 tons, growing more than 265% compared to 2017, when exports to China were roughly 83,000 tons. In 2019, this volume, which is maintaining a growth trend, has already reached 137,000 tons until June.
CBOT spot prices for soybean in the first six months of 2019 reflected the uncertainty stemming from the trade war and consequently presented high volatility.
CBOT spot prices for corn rose sharply throughout the second quarter of 2019. Considering the global scenario, based on data for the 2019/20 crop year, this is the third straight year in which corn consumption should outstrip production, this time by close to 26 million tons.
Operational Performance
2018/19 Crop
Soybeans
The total area cultivated for soybeans was 243.000 hectares and registered a yield of 3.742 kg/ha which is 1.4% more than initially projected.
Cotton
The area cultivated for cotton crops in 2018/19 was 123.721 ha, divided between the initial cotton crop and the 2nd cotton crop.
Corn
The corn 2nd crop planted area was 88.917 per hectare. The planting of the corn 2nd crop began in the second half of January 2019, as the harvest of early soybean varieties advanced.
Get to know our Investor Relations website
SLC Agrícola is a Company with shares traded on Bovespa since 2007.
On the Investor Relations Website you will find comprehensive content that includes:
– Event Calendar where SLC Agricola’s IR team will be present in the coming months
– Section for downloads, historical data spreadsheets and document files already published by the Company, release of results as well as relevant facts
– Section for quotes and charts
– Details on corporate governance
– Section “Why invest in SLC Agrícola?”
