LND - BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (LND) Q3 2024 Earnings Call Transcript
2024-05-11 14:38:10 ET
BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (LND)
Q3 2024 Earnings Conference Call
May 09, 2024, 09:00 AM ET
Company Participants
André Guillaumon - CEO
Gustavo Lopez - CFO and IR Officer
Conference Call Participants
Pedro Fronseka - XP
Presentation
Unidentified Company Representative
Good morning, everyone. We're here for another earnings call from BrasilAgro Third Quarter Meeting January to March 2024. For those of you who are not familiar with our calendar, this is what our fiscal year looks like. Thank you to André and Gustavo for joining us. For those of you who were watching this in English, the presentation will be made available in the chat. If you want to listen to this earnings call, please make sure you select the language of your choice at the bottom part of your Zoom screen.
In this quarter, we're going to see some results that are lower than expected. So André and Gustavo will have a hard job to accomplish during this call. However, I believe we're very resilient in our business and once again we have proven that we have a winning strategy.
With that, I'll hand the floor over to André and Gustavo.
André Guillaumon
Good morning everyone. Once again, it is my joy to join you.
Today I'll talk about our last quarter. In the previous earnings releases, we talked about possible sales. I told you we were working for that and today we're going to give you more details on these commercial transactions. After that I will give you more details on the harvesting details for the summer crops. I'll talk about how things have been evolving. We've got quite a lot of information to share with you.
Now on the slide you see the highlights, R$552 million of net revenue, R$6 million negative net income and R$16 million is our adjusted EBITDA. After that we'll give you more details on the numbers and we'll talk about our strategy for that. We harvested 66,000 hectares of soybeans totaling 202.2 thousand tons in Brazil, Paraguay and Bolivia.
The main news we have to share with you during this earnings call is the fact that we sold a fraction of the Chaparral farm, R$364 million worth of sales. And we have finally arrived to the state of Sao Paulo, growing sugarcane. We're looking for more of an attractive mix between ethanol and sugar production. We saw that in the past year, this correlation was a bit hard, and most recently with the pricing policy, or the parity pricing policies from Petrobras....
BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (LND) Q3 2024 Earnings Call Transcript