Q3 2020 Minerva SA Earnings Call Transcript
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This was the third -- Minerva's consolidated gross revenues is about BRL 2 billion in free cash flow in the last 12 months and reflects the company's solid operational financial performance. Minerva's consolidated gross revenue came to BRL 5.4 billion in 3Q '20. And the last 12 months, the company record was BRL 19.7 billion. We'd like to say that this accounts for the Minerva exports, which is 70% of the gross revenue in the last 12 months, which reflects high worldwide demand and Minerva's focus on beef exports.
Now the third quarter came to BRL 554 million, and a notable 22% increase over 3Q '19 was 10.8% in the last 12 months. As a result of this performance we have, this past quarter, added to a sweeping total of BRL 583 million the first 9 months of the year.
Another highlight of this quarter was the strong financial position. As of the close of the quarter, our leverage ratio, that is the net debt-to-EBITDA ratio over the previous 12 months, it was 2.2, the lowest since 2008 and right in line with our strategy to reduce leverage and improve capital
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