Results

Latest quarterly results published by the Company

See a summary of the Results Release for 4Q18 (fouth quarter of 2018) 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) 2017 2018 AH
Net revenue 1,85,805 2,099,177 16.0%
Change Fair Value of Biol. Assets 361,847 724,291 527.1%
Gross income 677,296 845,958 174.8%
Gross margin 36.5% 40.3% 21,1 p.p
Operating income 593,453 657,757 438 %
Operating margin 31.90% 31.2% 25,0 p.p
Net profit 369,262 406,501 n.m.
Net margin 19.9% 19.4% 18.9 p.p
Adjusted EBITDA  738,585 669,756 196.5%
Adjusted EBITDA margin 39.8% 31.9% 24.2 p.p
Net debt  828,789 943,039 -2.80%


Marketplace Overview

Variation in commodity prices

In a year marked by the trade war between China and the United States, with a reduction in Chinese agricultural imports, the scenario for commodities was pressured by concerns related to uncertainties on world economic growth, contributing to the natural volatility in agricultural markets.

During 2018, the spot soybean price on the Chicago Board of Trade (CBOT) registered significant volatility. After reaching highs of over 10.50 USD/bu, the spot soybean price on the CBOT tested lows near 8.10 USD/bu.

Spot contracts for corn on the CBOT during 2018 traded between 4.00 USD/bu and 3.30 USD/bu. In the current scenario, under which, for the second straight year, global corn consumption is expected to surpass production, prices in global markets should tend to find support.


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 2017/18 was 95,124 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?”

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