LND - BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (LND) Q2 2024 Earnings Call Transcript
2024-02-09 17:19:07 ET
BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (LND)
Q2 2024 Earnings Conference Call
February 9, 2024 08:00 AM ET
Company Participants
Ana Paula Zerbinati - Investor Relations & Capital Markets Head
André Guillaumon - Chief Executive Officer
Gustavo Lopez - Chief Financial Officer & Investor Relations Officer
Conference Call Participants
Pedro Fonseca - XP
Henrique Brustolin - BTG Pactual Bank
Presentation
Ana Paula Zerbinati
We are here for our Conference Call for Results Presentation for another Semester, First Six Months 2024. Thank you for participating. Thank you for waiting. We're a little late. It's always good to remember that our year at BrasilAgro goes from July to June. So, we will be covering the first six months ended December 31st, first six months. [Operator Instructions]
Now, I will pass the floor to André. And we will begin our call. Thank you.
André Guillaumon
Thank you, Anna. I would like to thank all the participants once again for with us investors, analysts, all those who follow us and thank you. We will try to go over the presentation quickly to leave a lot of time as much time as we can for the Q&A session which is very good for both sides.
I would like to begin with the highlights of the first six months BRL424 million in revenue, net income BRL24 million -- net revenue BRL424 million. Then operational we will give you data in detail. It's been a challenging year in terms of production. We will say how we did, how things came out, and how we're making progress in the harvest the delivery of 2 million tons of sugarcane, once again being strong as a large producer of sugarcane. So, it's going to be a very productive call.
Next please -- next slide. Well, here I'd like to call your attention. When we look at our CAGR, our growth, our growth was 3%. But what I'd like to call your attention to is that in the last years, in spite of being company that sold a lot of land, we were able to continue to grow the planted area. So, we see -- we had important operations and we have been able to maintain the planted area. So, we will work.
We expect the CAGR, 8% to 10% a year. We are going to work for this. But in the last few years, due to price and everything else, we were more sellers and we had good prices to sell land. We leased some land, but it's important to say that it's a growth series and now, we sold a lot of land in the last few years.
The graph or the pie charts here on the right show the breakdown of our crops, the cultures. Those who have been following us for a long time, you can see that things are changing. We must have a better revenue in some crops. But when we looked at the first pie chart a few years ago, most of it had two crops, sugarcane and soybean, and the rest we called others. And now we see a much heterogeneous distribution. The pie chart on the right, many other crops, cultures. So this makes sense when we talk about agriculture, we have to diversify because we need geographic diversification and climate diversification. We've been saying this for a long time. We're always after alternative crops, those that will generate more value on that soil and thus also increasing the value of the land....
BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (LND) Q2 2024 Earnings Call Transcript