Q4 2024 BrasilAgro Brazilian Agricultural Real Estate Co Earnings Call Transcript
Key Points
- Brasilagro - Cia Bras de Prop Agricolas (LND) reported a net revenue of BRL1.1 billion and a net profit of BRL227 million for the year.
- The company successfully sold a significant portion of Chaparral Farm, demonstrating resilience in the real estate market.
- Brasilagro implemented 600 hectares of irrigation with plans for an additional 900 hectares, enhancing farm stability.
- The company is diversifying its crop portfolio, moving beyond sugarcane and soybean to include cotton and other crops.
- Brasilagro maintains a strong financial position with a net debt that is effectively negative when considering receivables from farm sales.
- The company faced a challenging year with lower-than-expected operational EBITDA due to declining commodity prices.
- Soybean production was affected by adverse climate conditions, particularly in Paraguay, leading to lower yields.
- The price of sugarcane dropped significantly, impacting the company's margins and profitability.
- Brasilagro's operational EBITDA decreased from BRL190 million last year to BRL31 million this year.
- The company is cautious about purchasing new farms due to high land prices and is waiting for a potential drop in prices.
Good morning to all. We are here for our call at the end of the year for 2023-2024. As you know, our year goes from June, July and we are here to talk about Q4 and closing of the year. I am here with André, our CEO and Gustavo, our CFO.
For those who are following us in English, the presentation is available in the chat. At the end, we will have a Q&A session. So you can make your question by audio or send by chat.
Thank you. Good morning and now I pass the floor to André.
Thank you, Anna. Good morning to all of you. It's a great pleasure once again to be with you with our annual results. We will comment about the year, the problems, the great objectives.
It was very challenging year for Agro business. Once again I reinforce that the combined strategy of the company with real estate and operations has been a
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