Results
Latest quarterly results published by the Company
See a summary of the Results Release for 1Q19 (first 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) | 1T18 | 1T19 | AH |
| Net revenue | 423,297 | 618,833 | 46.2% |
| Change Fair Value of Biol. Assets | 239,407 | 146,497 | -38.8% |
| Gross income | 314,460 | 251,771 | -19.9% |
| Gross margin | 74.3% | 40.7% | -33.6 p.p |
| Operating income | 267,441 | 185,902 | -30.5 % |
| Operating margin | 63.2% | 30 % | -33.1 p.p |
| Net profit | 169,259 | 111,381 | -34.2% |
| Net margin | 40% | 18 % | -22 p.p |
| Adjusted EBITDA | 150,502 | 225,544 | 49.9% |
| Adjusted EBITDA margin | 35.6% | 36.4% | -0.8 p.p |
| Net debt | 874,865 | 1,249,162 | 42.8% |
Marketplace Overview
Variation in commodity prices
In a global supply-demand scenario for the 2018/19 cycle in which consumption should outstrip supply by at least 5 million bales, cotton lint prices should find support in the world market, based on a scenario of a continuation of the upward trend in the fiber’s consumption observed in the last five years.
CBOT spot soybean prices were relatively stable in the first quarter of 2019. In a context of limited soybean exports by the United States to China, Brazil continued to increase its soybean exports to China.
CBOT spot prices for corn presented higher volatility during the first quarter of 2019. The impacts of African swine fever on the global animal protein production chain could create opportunities for the Brazilian chain, since any shift in demand to animal proteins produced in Brazil would drive local demand for grains, increasing competition with export markets.
Operational Performance
2017/18 Crop
Soybeans
Harvest was concluded on the 230,127 hectares in the current crop year dedicated for this crop, where we registered a record yield of 3,756 kg/ha, which is 11.8% 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 productivity of the corn grown in the 2nd crop was 9,912 per hectare. The planting of the corn 2nd crop began in the second half of January 2018, 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?”
