The document reports on the financial results of Tereos Internacional for the fourth quarter and full year of 2010/11. It highlights that revenues increased 24.2% in Q4 and 13.5% for the full year due to double-digit growth in both cereal and sugarcane operations. Adjusted EBITDA rose 16.7% in Q4 and 10.3% for the full year, driven by higher ethanol and sugar prices in Brazil as well as price increases for starch and ethanol in Europe. For the outlook, the document notes that market fundamentals remain strong for sugar, starch and ethanol.
- Revenues for the second quarter increased 8.7% to R$1.6 billion due to higher prices across key product categories and increased volumes for EU ethanol and Indian Ocean sugarcane segments. Record quarterly EBITDA was R$282 million, up 24.4% from the previous year, with the EBITDA margin improving to 17.1%.
- Sugarcane revenues in Brazil declined due to lower volumes affected by adverse weather, but prices increased. Indian Ocean sugarcane revenues grew on higher prices and volumes. Cereal revenues increased 24% on higher selling prices and improved product mix in the starch segment.
20110215 ti conf_call_presentation_q3_englTereosri
Tereos Internacional reported record results for the third quarter of 2010/11, with revenues increasing 31.3% year-over-year driven by strong growth in the sugarcane segment. Net income was a record R$143 million, up significantly from R$14 million in the prior year quarter. The sugarcane segment performed well due to higher sales volumes and prices. The cereal segment faced challenges from higher raw material costs and currency effects. Working capital increased seasonally during the quarter. Outlook for the remainder of the year remains positive for sugarcane but challenging for cereals.
Tereos Internacional reported record first quarter net profits due to a strong increase in operating income. Revenues increased 47.4% to R$1.6 billion, driven by higher sugar and ethanol prices. Adjusted EBITDA doubled to R$206 million compared to the previous year. In Brazil, revenues and adjusted EBITDA increased significantly due to higher prices and the Mandu acquisition. Starch Europe revenues rose 27% due to higher volumes, but adjusted EBITDA declined due to increased costs. Outlook remains positive given continued high sugar and ethanol prices.
Hera Group Approves Business Plan to 2019Hera Group
The Hera Group approved a business plan to 2019 that aims to increase EBITDA to over €1 billion by 2019. The plan focuses on balanced growth through both internal improvements like efficiency initiatives and external growth like acquisitions. Key targets include revenue over €5.8 billion, EBITDA of €1.03 billion, capital expenditures of €2.2 billion, and a net debt to EBITDA ratio of 2.9x by 2019. The plan aims to strengthen Hera's position in a more competitive environment through sustainable growth.
The SGS Group performed solidly in the first semester with total revenue exceeding CHF 3.0 billion and is on track to deliver the revenue growth projected in the 2020 strategic plan.
The Group grew the top line by 4.9% on a constant currency basis, of which 3.4% was organic, with the remainder being associated with recent acquisitions. On a reported basis, Group revenue increased by 5.0%.
The strong growth was mainly attributable to the non-energy related businesses and once again demonstrated the strength of the Group’s well balanced portfolio.
Tereos Internacional reported its 2012/13 year-end results. Revenues increased 11.1% to R$7.6 billion due to higher sales volumes in sugarcane and starch & sweeteners segments. Adjusted EBITDA declined 9.4% to R$869 million due to higher cereal prices and reduced ethanol volumes in Europe. In Brazil, sugarcane crushing volumes increased but earnings declined due to lower sugar and ethanol prices. The Indian Ocean/Africa segment reported increased revenues and adjusted EBITDA due to favorable commercial conditions and volume growth. The starch & sweeteners segment saw revenue growth from higher volumes and prices but adjusted EBITDA declined due to a sharp rise in raw material costs
Tereos Internacional reported its second quarter 2012/13 results. Key highlights included a recovery in the Brazilian sugarcane operations due to increased sales volumes and lower input costs. The company also saw higher sales volumes across most business segments. However, raw material costs impacted the cereals business. Looking forward, the company expects sugarcane crushing in Brazil to increase to between 18.2-18.4 million tonnes for the current crop.
Tereos Internacional Q1 10/11 Earnings PresentationAlexandre Menezio
Tereos Internacional reported financial results for the first quarter of 2010/11. Key highlights included record sugar and ethanol production in Brazil but lower revenues and EBITDA impacted by currency effects and non-recurring costs. Revenues were down 13.1% reported but up 2.1% at constant currency. EBITDA fell 43.5% due to a R$196 million currency impact and R$32 million in non-recurring costs in Brazil. The company saw a reduction in net debt of R$91 million despite acquisitions. Segment results were mixed with strong production in Brazil offset by currency impacts in other segments. Key markets showed signs of recovery in demand.
- Revenues for the second quarter increased 8.7% to R$1.6 billion due to higher prices across key product categories and increased volumes for EU ethanol and Indian Ocean sugarcane segments. Record quarterly EBITDA was R$282 million, up 24.4% from the previous year, with the EBITDA margin improving to 17.1%.
- Sugarcane revenues in Brazil declined due to lower volumes affected by adverse weather, but prices increased. Indian Ocean sugarcane revenues grew on higher prices and volumes. Cereal revenues increased 24% on higher selling prices and improved product mix in the starch segment.
20110215 ti conf_call_presentation_q3_englTereosri
Tereos Internacional reported record results for the third quarter of 2010/11, with revenues increasing 31.3% year-over-year driven by strong growth in the sugarcane segment. Net income was a record R$143 million, up significantly from R$14 million in the prior year quarter. The sugarcane segment performed well due to higher sales volumes and prices. The cereal segment faced challenges from higher raw material costs and currency effects. Working capital increased seasonally during the quarter. Outlook for the remainder of the year remains positive for sugarcane but challenging for cereals.
Tereos Internacional reported record first quarter net profits due to a strong increase in operating income. Revenues increased 47.4% to R$1.6 billion, driven by higher sugar and ethanol prices. Adjusted EBITDA doubled to R$206 million compared to the previous year. In Brazil, revenues and adjusted EBITDA increased significantly due to higher prices and the Mandu acquisition. Starch Europe revenues rose 27% due to higher volumes, but adjusted EBITDA declined due to increased costs. Outlook remains positive given continued high sugar and ethanol prices.
Hera Group Approves Business Plan to 2019Hera Group
The Hera Group approved a business plan to 2019 that aims to increase EBITDA to over €1 billion by 2019. The plan focuses on balanced growth through both internal improvements like efficiency initiatives and external growth like acquisitions. Key targets include revenue over €5.8 billion, EBITDA of €1.03 billion, capital expenditures of €2.2 billion, and a net debt to EBITDA ratio of 2.9x by 2019. The plan aims to strengthen Hera's position in a more competitive environment through sustainable growth.
The SGS Group performed solidly in the first semester with total revenue exceeding CHF 3.0 billion and is on track to deliver the revenue growth projected in the 2020 strategic plan.
The Group grew the top line by 4.9% on a constant currency basis, of which 3.4% was organic, with the remainder being associated with recent acquisitions. On a reported basis, Group revenue increased by 5.0%.
The strong growth was mainly attributable to the non-energy related businesses and once again demonstrated the strength of the Group’s well balanced portfolio.
Tereos Internacional reported its 2012/13 year-end results. Revenues increased 11.1% to R$7.6 billion due to higher sales volumes in sugarcane and starch & sweeteners segments. Adjusted EBITDA declined 9.4% to R$869 million due to higher cereal prices and reduced ethanol volumes in Europe. In Brazil, sugarcane crushing volumes increased but earnings declined due to lower sugar and ethanol prices. The Indian Ocean/Africa segment reported increased revenues and adjusted EBITDA due to favorable commercial conditions and volume growth. The starch & sweeteners segment saw revenue growth from higher volumes and prices but adjusted EBITDA declined due to a sharp rise in raw material costs
Tereos Internacional reported its second quarter 2012/13 results. Key highlights included a recovery in the Brazilian sugarcane operations due to increased sales volumes and lower input costs. The company also saw higher sales volumes across most business segments. However, raw material costs impacted the cereals business. Looking forward, the company expects sugarcane crushing in Brazil to increase to between 18.2-18.4 million tonnes for the current crop.
Tereos Internacional Q1 10/11 Earnings PresentationAlexandre Menezio
Tereos Internacional reported financial results for the first quarter of 2010/11. Key highlights included record sugar and ethanol production in Brazil but lower revenues and EBITDA impacted by currency effects and non-recurring costs. Revenues were down 13.1% reported but up 2.1% at constant currency. EBITDA fell 43.5% due to a R$196 million currency impact and R$32 million in non-recurring costs in Brazil. The company saw a reduction in net debt of R$91 million despite acquisitions. Segment results were mixed with strong production in Brazil offset by currency impacts in other segments. Key markets showed signs of recovery in demand.
Tereos Internacional reported its second quarter 2010/11 results. Key highlights include:
- Revenue grew 12.5% to R$1.5 billion driven by acquisitions in Brazil and higher sugar production.
- Adjusted EBITDA increased 44.3% to R$286 million due to strong performance in Brazil and integration of recent acquisitions.
- In Brazil, sugarcane crushing reached a record 8.8 million tons and sugar production increased 82.8% due to integration of recent acquisitions and increased capacity.
- Syral in Europe maintained stable revenues and volumes despite closing one plant, though margins declined due to higher costs.
- Revenues totaled EUR 305.7m in Q2 2020, compared to EUR 326.5m in Q2 2019. Recurring aftermarket revenues remained resilient at around 38% of total revenues.
- The EBIT margin was 14.7% in Q2 2020, driven by good product mix and project execution, lower operating expenses, and streamlining initiatives. Free cash flow was strong at EUR 47.6m.
- Net result was EUR 30.7m in Q2 2020 compared to EUR 34.3m in Q2 2019. Orders received totaled EUR 280.1m compared to EUR 311.2m in Q2 2019 and the
Marel Q4 and 2021 financial results investor presentationMarel
Marel held an investor meeting on February 3rd, 2022 to report on Q4 and full year 2021 results. The key points are:
- Orders received reached record levels in Q4 and for the full year, driven by strong demand for automation solutions across industries.
- Revenues for 2021 were €1.36 billion, up 9.9% year-over-year, with aftermarket sales representing 40% of revenues.
- Profitability was impacted by strategic projects, supply chain challenges, and investments ahead of growth. EBIT margin for 2021 was 13.5%.
- The order book ended the year at a record €569 million, up 36.9% year-
- Revenues totaled EUR 287.2m in Q3 2020, down 8.1% from EUR 312.5m in Q3 2019, with 41% of revenues from recurring aftermarket sales.
- Gross profit was EUR 113m or 39.2% of revenues in Q3 2020, up from 38.2% in Q3 2019, due to favorable product mix and good project execution.
- Adjusted EBIT was EUR 44m or 15.4% of revenues in Q3 2020, up from 14.2% in Q3 2019, benefiting from lower operating expenses in addition to improved gross profit margins.
Tereos Internacional reported financial results for Q1 2013/14 with total revenues of R$1.9 billion, a 17.6% increase over the previous year. Adjusted EBITDA was R$209.5 million, up 55.8% compared to Q1 2012/13. The sugarcane division in Brazil performed strongly with higher volumes and improved margins. Guarani, the Brazilian sugarcane subsidiary, saw increases in sugarcane crushed, sugar and ethanol production which contributed to a 226.5% rise in Adjusted EBITDA to R$125.2 million.
1) Açúcar Guarani reported strong financial results for Q1 2009/2010, with an 18.1% increase in net revenue driven by higher sugar prices in Reais and a 185.1% increase in adjusted EBITDA to R$49.9 million.
2) Sugar production and sales increased compared to the previous year, with a focus on the domestic market, while ethanol production was up but revenue decreased.
3) Sugarcane crushing was up 9.5% due to increased own cane supply and a stable contribution from third parties.
- Marel reported strong orders received in Q3 2021 leading to a healthy order book, with strong performance in poultry and fish but softer orders for meat. Revenues were up 15.6% year-over-year.
- Gross profit was 37.1% in Q3 2021, impacted by higher costs of customer deliveries due to supply chain challenges. Profitability was also hampered by increased operating expenses to support growth.
- The order book at the end of Q3 2021 was EUR 528 million, representing 39.5% of trailing 12-month revenues, supported by a book-to-bill ratio of 1.09x in Q3 2021.
On Thursday 22 July 2021, Marel hosted a virtual investor meeting where CEO Arni Oddur Thordarson and CFO Linda Jonsdottir gave an overview of the financial results and operational highlights in the second quarter.
- Bayer reported increased sales and earnings for Q3 2017 compared to the same period last year, despite deconsolidating Covestro from its results.
- Core earnings per share (EPS) from continuing operations rose 1% to €1.53 due to sales growth, while EBITDA before special items increased 4% to €2,204 million.
- The company confirmed its full-year 2017 outlook, expecting low single-digit sales growth to €35-36 billion and slightly higher EBITDA compared to prior year.
The document provides highlights from Tereos Internacional's second quarter 2013/14 results. Key points include:
- Revenues increased 17.8% to R$2.207 billion driven by higher volumes in sugarcane and improved prices and mix in starch.
- Adjusted EBITDA rose 18.4% to R$342 million due to cost dilution in sugarcane Brazil from higher volumes and improved efficiency.
- Sugarcane crushing in Brazil was up 3.9% and energy sales increased 44.0% while sugar sales rose 21.2% and ethanol fell 3.3%.
- The starch segment saw revenues increase 31% from better volumes and prices, though profitability remained under
- Revenues for Q1 2021 totaled EUR 334m, up 10.7% from Q1 2020. Orders received were also up year-over-year at EUR 369m.
- Gross profit was 37.2% of revenues, impacted by higher costs of customer deliveries due to logistical challenges. Operating expenses increased to support growth initiatives.
- Adjusted EBIT margin was 11.4%, up from 8.4% in Q1 2020. Net result increased 58.2% to EUR 21.2m.
Tereos Internacional reported strong financial results for Q3 2011/12, with revenues increasing 14.4% to R$1.8 billion driven by higher prices across key products. Adjusted EBITDA grew 4.4% to R$271 million. The Brazilian business was impacted by lower sugarcane volumes but this was offset by better results in other regions like the Indian Ocean and Europe. The company also advanced strategic initiatives through acquisitions and increased stakes in subsidiaries to reinforce its leadership positions.
Bayer achieved its 2010 financial targets with record sales of €35.1 billion and adjusted EBITDA of €7.1 billion. However, earnings were diminished by €1.7 billion in special charges. Q4 2010 sales grew 8% year-over-year while adjusted EBITDA rose 12%, though reported EBIT declined 86% due to special charges. Bayer expects 2011 core EPS to increase around 10% and adjusted EBITDA and sales to grow by 10% and 5% respectively.
- Revenues for the second quarter increased 8.7% to R$1.6 billion due to higher prices across key product categories and increased volumes for EU ethanol and Indian Ocean sugarcane segments. Record quarterly EBITDA was R$282 million, up 24.4% from the previous year, with the EBITDA margin improving to 17.1%.
- Sugarcane revenues in Brazil declined due to lower volumes affected by adverse weather, but prices increased. Indian Ocean sugarcane revenues grew on higher prices and volumes. Cereal revenues increased 24% on higher selling prices and improved product mix in the starch segment.
Tereos Internacional reported record results for the third quarter of 2010/11, with revenues increasing 31.3% year-over-year driven by strong growth in the sugarcane segment. Net income was a record R$143 million, up significantly from R$14 million in the prior year quarter. The sugarcane segment performed well due to higher sales volumes and prices. The cereal segment faced challenges from higher raw material costs and currency effects. Working capital increased seasonally during the quarter. Outlook for the remainder of the year remains positive for sugarcane but challenging for cereals.
Tereos Internacional reported record first quarter net profits, driven by a strong increase in operating income. Revenues increased 47% to R$1.6 billion, largely due to higher sugar and ethanol prices. Adjusted EBITDA doubled to R$206 million compared to the previous year. The results were positively impacted by recent acquisitions as well as strong pricing environments for sugar and ethanol. Looking forward, concerns over reduced sugar production in Brazil may continue supporting high sugar prices.
Tereos Internacional reported strong financial results for Q3 2011/12, with revenues increasing 14.4% to R$1.8 billion driven by higher prices across key products. Adjusted EBITDA grew 4.4% to R$271 million. The Brazilian business was impacted by lower sugarcane volumes but this was offset by better results in other regions like the Indian Ocean and Europe. The company also advanced strategic initiatives through acquisitions and increased stakes in subsidiaries to reinforce its leadership positions.
Tereos Internacional reported financial results for the first quarter of 2010/11. Net revenues were R$1.1 billion, down 13.1% due to currency effects but up 2.1% excluding currency. EBITDA was R$113 million, down 43.5% due to currency effects and non-recurring items in Brazil. Production reached records in Brazil while segments were impacted by currency effects, maintenance, and testing new raw materials. The company aims to accelerate growth through recent acquisitions and partnerships.
Tereos Internacional reported its 2012/13 year-end results. Revenues increased 11.1% to R$7.6 billion due to higher sales volumes in sugarcane and starch & sweeteners segments. Adjusted EBITDA declined 9.4% to R$869 million due to higher cereal prices and reduced ethanol volumes in Europe. In Brazil, sugarcane crushing volumes increased but earnings declined due to lower sugar and ethanol prices. The Indian Ocean/Africa segment reported higher volumes and a 20% increase in adjusted EBITDA. The starch & sweeteners segment saw revenue growth of 19% but adjusted EBITDA fell 9% as higher raw material costs offset increased prices and volumes.
Tereos Internacional reported its second quarter 2012/13 results. Key highlights included a recovery in the Brazilian sugarcane operations due to increased sales volumes and lower input costs. The company also saw higher sales volumes across most businesses. Adjusted EBITDA increased despite rising cereal input costs and production disruptions during a gluten factory start-up. Looking forward, the company expects sugarcane crushing in Brazil to increase to between 18.2-18.4 million tonnes for the current crop.
Tereos Internacional reported financial results for the fourth quarter and full year of 2011/12. For the quarter, revenues increased 20% driven by higher sugarcane sales in Brazil. Adjusted EBITDA grew 11% due to strong performance in Brazil and Indian Ocean. For the full year, revenues rose 19% from favorable pricing across all segments. Adjusted EBITDA increased 13% with improved results in sugarcane offsetting lower volumes in Brazil. Looking ahead, Tereos will use proceeds from a capital increase to fund expansion projects in Brazil, China, and Europe.
Tereos Internacional reported its first quarter 2012/13 results. Key highlights included:
- Revenues of R$1.7 billion, stable year-over-year at constant currency due to favorable pricing offsetting reduced volumes.
- Adjusted EBITDA of R$156 million, down 26.7% year-over-year at constant currency due to delayed production in Brazil from unusual weather.
- A R$370 million capital increase that was 100% subscribed to finance expansion in Europe and diversification in Brazil.
Tereos Internacional reported its second quarter 2010/11 results. Key highlights include:
- Revenue grew 12.5% to R$1.5 billion driven by acquisitions in Brazil and higher sugar production.
- Adjusted EBITDA increased 44.3% to R$286 million due to strong performance in Brazil and integration of recent acquisitions.
- In Brazil, sugarcane crushing reached a record 8.8 million tons and sugar production increased 82.8% due to integration of recent acquisitions and increased capacity.
- Syral in Europe maintained stable revenues and volumes despite closing one plant, though margins declined due to higher costs.
- Revenues totaled EUR 305.7m in Q2 2020, compared to EUR 326.5m in Q2 2019. Recurring aftermarket revenues remained resilient at around 38% of total revenues.
- The EBIT margin was 14.7% in Q2 2020, driven by good product mix and project execution, lower operating expenses, and streamlining initiatives. Free cash flow was strong at EUR 47.6m.
- Net result was EUR 30.7m in Q2 2020 compared to EUR 34.3m in Q2 2019. Orders received totaled EUR 280.1m compared to EUR 311.2m in Q2 2019 and the
Marel Q4 and 2021 financial results investor presentationMarel
Marel held an investor meeting on February 3rd, 2022 to report on Q4 and full year 2021 results. The key points are:
- Orders received reached record levels in Q4 and for the full year, driven by strong demand for automation solutions across industries.
- Revenues for 2021 were €1.36 billion, up 9.9% year-over-year, with aftermarket sales representing 40% of revenues.
- Profitability was impacted by strategic projects, supply chain challenges, and investments ahead of growth. EBIT margin for 2021 was 13.5%.
- The order book ended the year at a record €569 million, up 36.9% year-
- Revenues totaled EUR 287.2m in Q3 2020, down 8.1% from EUR 312.5m in Q3 2019, with 41% of revenues from recurring aftermarket sales.
- Gross profit was EUR 113m or 39.2% of revenues in Q3 2020, up from 38.2% in Q3 2019, due to favorable product mix and good project execution.
- Adjusted EBIT was EUR 44m or 15.4% of revenues in Q3 2020, up from 14.2% in Q3 2019, benefiting from lower operating expenses in addition to improved gross profit margins.
Tereos Internacional reported financial results for Q1 2013/14 with total revenues of R$1.9 billion, a 17.6% increase over the previous year. Adjusted EBITDA was R$209.5 million, up 55.8% compared to Q1 2012/13. The sugarcane division in Brazil performed strongly with higher volumes and improved margins. Guarani, the Brazilian sugarcane subsidiary, saw increases in sugarcane crushed, sugar and ethanol production which contributed to a 226.5% rise in Adjusted EBITDA to R$125.2 million.
1) Açúcar Guarani reported strong financial results for Q1 2009/2010, with an 18.1% increase in net revenue driven by higher sugar prices in Reais and a 185.1% increase in adjusted EBITDA to R$49.9 million.
2) Sugar production and sales increased compared to the previous year, with a focus on the domestic market, while ethanol production was up but revenue decreased.
3) Sugarcane crushing was up 9.5% due to increased own cane supply and a stable contribution from third parties.
- Marel reported strong orders received in Q3 2021 leading to a healthy order book, with strong performance in poultry and fish but softer orders for meat. Revenues were up 15.6% year-over-year.
- Gross profit was 37.1% in Q3 2021, impacted by higher costs of customer deliveries due to supply chain challenges. Profitability was also hampered by increased operating expenses to support growth.
- The order book at the end of Q3 2021 was EUR 528 million, representing 39.5% of trailing 12-month revenues, supported by a book-to-bill ratio of 1.09x in Q3 2021.
On Thursday 22 July 2021, Marel hosted a virtual investor meeting where CEO Arni Oddur Thordarson and CFO Linda Jonsdottir gave an overview of the financial results and operational highlights in the second quarter.
- Bayer reported increased sales and earnings for Q3 2017 compared to the same period last year, despite deconsolidating Covestro from its results.
- Core earnings per share (EPS) from continuing operations rose 1% to €1.53 due to sales growth, while EBITDA before special items increased 4% to €2,204 million.
- The company confirmed its full-year 2017 outlook, expecting low single-digit sales growth to €35-36 billion and slightly higher EBITDA compared to prior year.
The document provides highlights from Tereos Internacional's second quarter 2013/14 results. Key points include:
- Revenues increased 17.8% to R$2.207 billion driven by higher volumes in sugarcane and improved prices and mix in starch.
- Adjusted EBITDA rose 18.4% to R$342 million due to cost dilution in sugarcane Brazil from higher volumes and improved efficiency.
- Sugarcane crushing in Brazil was up 3.9% and energy sales increased 44.0% while sugar sales rose 21.2% and ethanol fell 3.3%.
- The starch segment saw revenues increase 31% from better volumes and prices, though profitability remained under
- Revenues for Q1 2021 totaled EUR 334m, up 10.7% from Q1 2020. Orders received were also up year-over-year at EUR 369m.
- Gross profit was 37.2% of revenues, impacted by higher costs of customer deliveries due to logistical challenges. Operating expenses increased to support growth initiatives.
- Adjusted EBIT margin was 11.4%, up from 8.4% in Q1 2020. Net result increased 58.2% to EUR 21.2m.
Tereos Internacional reported strong financial results for Q3 2011/12, with revenues increasing 14.4% to R$1.8 billion driven by higher prices across key products. Adjusted EBITDA grew 4.4% to R$271 million. The Brazilian business was impacted by lower sugarcane volumes but this was offset by better results in other regions like the Indian Ocean and Europe. The company also advanced strategic initiatives through acquisitions and increased stakes in subsidiaries to reinforce its leadership positions.
Bayer achieved its 2010 financial targets with record sales of €35.1 billion and adjusted EBITDA of €7.1 billion. However, earnings were diminished by €1.7 billion in special charges. Q4 2010 sales grew 8% year-over-year while adjusted EBITDA rose 12%, though reported EBIT declined 86% due to special charges. Bayer expects 2011 core EPS to increase around 10% and adjusted EBITDA and sales to grow by 10% and 5% respectively.
- Revenues for the second quarter increased 8.7% to R$1.6 billion due to higher prices across key product categories and increased volumes for EU ethanol and Indian Ocean sugarcane segments. Record quarterly EBITDA was R$282 million, up 24.4% from the previous year, with the EBITDA margin improving to 17.1%.
- Sugarcane revenues in Brazil declined due to lower volumes affected by adverse weather, but prices increased. Indian Ocean sugarcane revenues grew on higher prices and volumes. Cereal revenues increased 24% on higher selling prices and improved product mix in the starch segment.
Tereos Internacional reported record results for the third quarter of 2010/11, with revenues increasing 31.3% year-over-year driven by strong growth in the sugarcane segment. Net income was a record R$143 million, up significantly from R$14 million in the prior year quarter. The sugarcane segment performed well due to higher sales volumes and prices. The cereal segment faced challenges from higher raw material costs and currency effects. Working capital increased seasonally during the quarter. Outlook for the remainder of the year remains positive for sugarcane but challenging for cereals.
Tereos Internacional reported record first quarter net profits, driven by a strong increase in operating income. Revenues increased 47% to R$1.6 billion, largely due to higher sugar and ethanol prices. Adjusted EBITDA doubled to R$206 million compared to the previous year. The results were positively impacted by recent acquisitions as well as strong pricing environments for sugar and ethanol. Looking forward, concerns over reduced sugar production in Brazil may continue supporting high sugar prices.
Tereos Internacional reported strong financial results for Q3 2011/12, with revenues increasing 14.4% to R$1.8 billion driven by higher prices across key products. Adjusted EBITDA grew 4.4% to R$271 million. The Brazilian business was impacted by lower sugarcane volumes but this was offset by better results in other regions like the Indian Ocean and Europe. The company also advanced strategic initiatives through acquisitions and increased stakes in subsidiaries to reinforce its leadership positions.
Tereos Internacional reported financial results for the first quarter of 2010/11. Net revenues were R$1.1 billion, down 13.1% due to currency effects but up 2.1% excluding currency. EBITDA was R$113 million, down 43.5% due to currency effects and non-recurring items in Brazil. Production reached records in Brazil while segments were impacted by currency effects, maintenance, and testing new raw materials. The company aims to accelerate growth through recent acquisitions and partnerships.
Tereos Internacional reported its 2012/13 year-end results. Revenues increased 11.1% to R$7.6 billion due to higher sales volumes in sugarcane and starch & sweeteners segments. Adjusted EBITDA declined 9.4% to R$869 million due to higher cereal prices and reduced ethanol volumes in Europe. In Brazil, sugarcane crushing volumes increased but earnings declined due to lower sugar and ethanol prices. The Indian Ocean/Africa segment reported higher volumes and a 20% increase in adjusted EBITDA. The starch & sweeteners segment saw revenue growth of 19% but adjusted EBITDA fell 9% as higher raw material costs offset increased prices and volumes.
Tereos Internacional reported its second quarter 2012/13 results. Key highlights included a recovery in the Brazilian sugarcane operations due to increased sales volumes and lower input costs. The company also saw higher sales volumes across most businesses. Adjusted EBITDA increased despite rising cereal input costs and production disruptions during a gluten factory start-up. Looking forward, the company expects sugarcane crushing in Brazil to increase to between 18.2-18.4 million tonnes for the current crop.
Tereos Internacional reported financial results for the fourth quarter and full year of 2011/12. For the quarter, revenues increased 20% driven by higher sugarcane sales in Brazil. Adjusted EBITDA grew 11% due to strong performance in Brazil and Indian Ocean. For the full year, revenues rose 19% from favorable pricing across all segments. Adjusted EBITDA increased 13% with improved results in sugarcane offsetting lower volumes in Brazil. Looking ahead, Tereos will use proceeds from a capital increase to fund expansion projects in Brazil, China, and Europe.
Tereos Internacional reported its first quarter 2012/13 results. Key highlights included:
- Revenues of R$1.7 billion, stable year-over-year at constant currency due to favorable pricing offsetting reduced volumes.
- Adjusted EBITDA of R$156 million, down 26.7% year-over-year at constant currency due to delayed production in Brazil from unusual weather.
- A R$370 million capital increase that was 100% subscribed to finance expansion in Europe and diversification in Brazil.
Barry Callebaut Group Half Year Results 2021/22 - Media & Analyst PresentationBarry Callebaut
- Barry Callebaut reported strong half-year results for 2021/22 with sales volume up 8.7% and sales revenue up 15.8% in CHF. Operating profit (EBIT) recurring was up 7.2% in CHF.
- All regions achieved volume growth with the Americas seeing 0.1% growth, EMEA up 11.6%, Asia Pacific up 13.7%, and Global Cocoa up 4.0%.
- Key growth drivers like emerging markets, outsourcing partnerships, and gourmet & specialties all contributed strongly to overall growth.
The document provides an overview of Banco Santander's financial results for the first half of 2015. Key points include:
- Profit grew 24% year-over-year to EUR 3.4 billion, driven by increased commercial revenues and improved cost of credit.
- Loans increased 7% and customer funds grew 8% compared to the prior year.
- Capital and solvency ratios strengthened, with the CET1 ratio up to 9.8%.
- The bank continued transforming its business model to be more simple, personal and fair for customers.
The document is a presentation of Açúcar Guarani S.A.'s Q2 09/10 results. It summarizes that sugar prices were at their highest level in 28 years, supported by lower production in major countries. Guarani's net revenue grew 27.7% in Q2 driven by a 49.8% increase in sugar prices. Adjusted EBITDA rose 49.9% in H1 09/10 due to higher sugar prices. Net profit was R$13.8 million in H1 compared to a loss last year, positively impacted by price recovery and FX effects. The outlook for sugar and ethanol prices remains positive on supply constraints.
The document is a quarterly report on the Q1 09/10 results of Açúcar Guarani S.A. It summarizes that sugar prices increased significantly due to lower global production. Guarani's revenue and profits increased due to higher sugar prices in Reais. Adjusted EBITDA more than doubled to R$49.9 million due to strong prices and cost controls. The outlook for Guarani and the sugar market remains positive.
The document summarizes Tereos Internacional's financial results for the first quarter of the 2013/14 fiscal year. Major reporting changes include adopting a new accounting standard that requires joint ventures to be equity accounted rather than proportionally consolidated. Segment information is now presented on a standalone and contributive basis. The results show a 17.6% increase in revenues driven by higher sales volumes in Brazil and higher prices in Europe. Adjusted EBITDA increased 56.7% to R$210 million due to recovery in the Brazilian business from higher production volumes and cost dilution, as well as improved results in other segments.
Snam presented its full-year 2016 results and 2017-2021 strategic plan update. Key highlights include:
- 2016 results met guidance with adjusted net profit of €845 million.
- The 2017-2021 plan increases investments to €5 billion, improves contributions from new activities, and maintains a solid financial structure.
- The plan focuses on innovation, efficiency initiatives, and strengthening operational excellence to support higher performance.
- Volumes and price/mix were up in all three business areas, but revenues were down 2% due to a 5% negative impact from adverse currency effects.
- Operating income was flat at €216 million as higher restructuring costs and currencies offset gains from cost control and efficiencies.
- Net income increased to €129 million mainly from lower financing expenses.
Tereos Internacional reported its third quarter 2012/13 results. Key highlights include:
- Record net revenues driven by higher volumes in sugarcane and starch segments.
- Adjusted EBITDA increased year-over-year thanks to the sugarcane divisions, despite challenges in the alcohol and ethanol segment from technical issues at a new facility.
- Cash flow was negative due to ongoing strategic investments and seasonal working capital needs.
Tereos Internacional reported on its 2013/14 fiscal year results. Key points included record sugarcane crushing in Brazil of 19.7 million tonnes, driven by strong yields and benefiting operational performance. Cereal grinding was up 5% due to better capacity utilization. Revenues increased 24% for the Starch & Sweeteners segment however profitability remained pressured. Overall, revenues grew 10% to R$8.3 billion while adjusted EBITDA rose 39% to R$962 million, supported by Brazil operational improvements and better performance in Alcohol & Ethanol Europe.
- Comgás had record expansion and investments in 2011, connecting over 1,100 km of network and 69,000 new gas meters.
- The company saw strong growth across all customer segments, especially residential, with over 109,000 new households connected.
- Financial results were positive, with net income growing 34.5% and EBITDA increasing 19.3% compared to 2010.
Similar to Confcall earnings release presentation 4 q 1011 (20)
1) O relatório apresenta os resultados do primeiro trimestre de 2015/2016 da Tereos Internacional, com destaque para o bom início da safra de cana-de-açúcar no Brasil e expectativa de bons volumes na África e Oceano Índico.
2) As receitas totais aumentaram 8% em moeda local, mas permaneceram estáveis em moeda constante. O EBITDA Ajustado caiu 7%, impactado principalmente pelos menores preços de açúcar na Europa.
3) Os volumes de vendas de amido e ad
Tereos Internacional reported its third quarter 2014/15 results. Key points:
- Sugarcane crushing volumes in Brazil were up 3% year-to-date driven by better agricultural results. Cogeneration sales doubled.
- Volumes increased across most business segments including sugarcane in Indian Ocean/Africa and cereal grinding.
- Adjusted EBITDA was up 14% in Brazil and 21% for starches and sweeteners due to cost reductions. EBITDA declined 79% in Alcohol & Ethanol Europe due to lower prices and volumes.
- Capital expenditures declined year-over-year as expansion programs were completed. Net debt decreased and average debt maturity was lengthened through
1) Tereos Internacional reportou resultados do terceiro trimestre de 2014/15, com destaque para aumento de 3% na moagem de cana no Brasil e forte crescimento na África.
2) As vendas de açúcar, etanol e energia aumentaram no Brasil. As vendas de amido e adoçantes cresceram globalmente, impulsionadas pelas operações internacionais.
3) A receita líquida aumentou 9%, para R$2,1 bilhões, com melhora da lucratividade na maioria dos segmentos, exceto
Tereos Internacional provided a disclaimer and overview of a presentation given at the Morgan Stanley Latin America Mid-Cap Conference in London on November 11th, 2014. The summary discusses Tereos' profile as a leading producer of sweeteners and bioenergy with a global footprint and diversified raw material processing. Financial highlights note revenues of R$962 million and EBITDA of R$123 million for fiscal year 2013/2014.
Este documento apresenta informações sobre a Tereos Internacional para investidores e analistas. Resume a estrutura acionária, as operações globais, as divisões de negócios de cana-de-açúcar e cereais, e fornece indicadores financeiros e de mercado.
O documento resume os resultados financeiros da Tereos Internacional no segundo trimestre de 2014/15. Houve queda na receita líquida de 3% devido a menores preços e volumes de açúcar no Brasil e cana-de-açúcar na África/Oceano Índico. O EBITDA ajustado caiu 19% principalmente pela pior rentabilidade da divisão de cana-de-açúcar no Brasil, com menores vendas de açúcar e maiores custos. A divisão de cereais teve melhor desempenho graças
Tereos Internacional reported its second quarter 2014/15 results. Sugarcane crushing volumes in Brazil were up 5% year-over-year due to improved agricultural performance. However, adjusted EBITDA declined 41% due to lower sugar sales volumes and higher costs. In the cereal segment, grinding volumes increased 7% while adjusted EBITDA rose 30% thanks to benefits from the "Performance 2015" initiative despite soft market conditions in Europe. Overall, revenues declined 10% and adjusted EBITDA fell 19% as lower sugar prices and volumes offset profitability gains in cereals.
O documento resume os resultados financeiros e operacionais da Tereos Internacional para o ano fiscal 2013/14. Destaca o crescimento da receita impulsionado por maiores volumes de vendas no Brasil e Europa. O EBITDA ajustado aumentou com a diluição de custos no Brasil e melhor desempenho na Europa. A produção de cana-de-açúcar no Brasil atingiu recorde de 19,7 milhões de toneladas.
Tereos internacional presentation_port_3_mTereosri
(1) Tereos Internacional divulgou seus resultados do terceiro trimestre de 2013/14.
(2) A receita líquida aumentou 5,9% impulsionada pelo melhor desempenho operacional da unidade Lillebonne na Europa e melhores preços de etanol e energia no Brasil.
(3) O EBITDA ajustado cresceu 5,8% com melhora na rentabilidade de todos os segmentos, exceto na África/Oceano Índico devido a condições climáticas adversas.
- Tereos Internacional reported results for the third quarter of 2013/14 with overall revenues increasing 5.9% year-over-year to R$2,015 million driven by higher volumes in Brazil and Europe as well as currency effects.
- Adjusted EBITDA increased slightly by 5.8% to R$279 million as improvements in Brazil, Europe, and Brazil offset declines in Africa due to weather issues.
- In Brazil, record sugarcane crushing of 19.7 million tons led to increased ethanol and energy sales volumes while adjusted EBITDA benefited from efficiency gains despite lower sugar prices.
- Ethanol and starch segments in Europe saw higher volumes and margins as input
1) As vendas de açúcar e energia da Guarani no Brasil aumentaram significativamente no segundo trimestre, melhorando os lucros.
2) Na África e Oceano Índico, a produção se manteve estável, com aumento nas vendas e lucros.
3) As vendas de amido e adoçantes aumentaram levemente, mas as margens permaneceram pressionadas.
O documento apresenta: (1) informações sobre uma reunião pública da Tereos Internacional com investidores e analistas em São Paulo; (2) um aviso sobre as informações apresentadas não terem sido verificadas independentemente e sobre riscos envolvendo projeções; (3) a agenda da reunião incluindo apresentações sobre a Tereos como líder global em açúcar, amido e bioenergia e sobre suas operações de cana-de-açúcar e cereais no Brasil e internacionalmente.
16,6%
Margem Bruta
1. O documento apresenta os resultados financeiros e operacionais da Tereos Internacional no segundo trimestre de 2013/14.
2. Destaca-se o aumento na receita líquida, impulsionado por maiores volumes de cana-de-açúcar no Brasil e efeito cambial positivo.
3. O EBITDA ajustado também cresceu, com melhora na eficiência das operações de cana-de-açúcar no Brasil e menores custos com matérias-primas na
The document provides an earnings release for Açúcar Guarani for the second quarter of 2008, highlighting decreases in sugar prices, increases in ethanol production and sales, financial results including revenue and EBITDA, inauguration of a new ethanol plant, and leadership changes including a new CEO.
Divulgação de resultados 2 t08 port (apresentação)Tereosri
Este documento resume os resultados financeiros e operacionais da Açúcar Guarani no 2T08. Apresenta queda nos preços do açúcar e aumento na produção e vendas de etanol. Destaca o crescimento da receita, EBITDA e vendas de etanol, assim como a inauguração de uma nova unidade voltada à produção de etanol hidratado.
O documento resume os principais resultados financeiros da Tereos Internacional no primeiro trimestre de 2013/14. Destaca o crescimento da receita líquida impulsionado por maiores volumes de vendas no Brasil e na África/Oceano Índico. Também ressalta a recuperação do EBITDA ajustado em relação ao ano anterior, principalmente devido aos maiores volumes de cana-de-açúcar processados no Brasil.
Guarani's Q4 and full year 2008/09 results presentation covers:
- Record revenues of R$1.17 billion due to higher sugar and ethanol prices and increased volumes.
- Adjusted EBITDA increased 45.6% to R$228.3 million due to price increases.
- A net loss of R$291 million was reported, impacted by non-cash effects of currency depreciation and amortization expenses.
- CAPEX was reduced with a focus on sugarcane plantations and selective efficiency projects.
- The outlook for 2009/10 is positive with expectations for continued strong sugar prices and stable ethanol demand.
O documento resume os resultados financeiros e operacionais da Açúcar Guarani para o 4o trimestre e ano fiscal de 2008/2009. A empresa obteve receita líquida recorde de R$1,2 bilhão, impulsionada por maiores preços e volumes de açúcar e etanol. No entanto, teve prejuízo líquido de R$291 milhões devido a efeitos não caixa da desvalorização cambial e amortização de ágio. A dívida líquida foi reduzida em 20,5% e a empresa focará em reduz
O relatório apresenta os resultados do primeiro trimestre de 2009/2010 da Açúcar Guarani. Os principais pontos são:
1) Aumento de 185% no EBITDA ajustado em comparação ao mesmo período do ano anterior, alcançando R$49,9 milhões.
2) Lucro líquido de R$14,3 milhões no trimestre, revertendo prejuízo do ano anterior.
3) Crescimento de 9,5% na moagem de cana-de-açúcar e aumento na produção de açúcar e etanol.
O documento apresenta os resultados do 2o trimestre de 2009/2010 da Açúcar Guarani. Os preços mundiais do açúcar atingiram o maior nível dos últimos 28 anos, sustentando os preços domésticos. A receita líquida cresceu 27,7% impulsionada pelos maiores preços do açúcar. O EBITDA ajustado aumentou 49,9% no primeiro semestre e 9,8% no segundo trimestre.
How to Implement a Strategy: Transform Your Strategy with BSC Designer's Comp...Aleksey Savkin
The Strategy Implementation System offers a structured approach to translating stakeholder needs into actionable strategies using high-level and low-level scorecards. It involves stakeholder analysis, strategy decomposition, adoption of strategic frameworks like Balanced Scorecard or OKR, and alignment of goals, initiatives, and KPIs.
Key Components:
- Stakeholder Analysis
- Strategy Decomposition
- Adoption of Business Frameworks
- Goal Setting
- Initiatives and Action Plans
- KPIs and Performance Metrics
- Learning and Adaptation
- Alignment and Cascading of Scorecards
Benefits:
- Systematic strategy formulation and execution.
- Framework flexibility and automation.
- Enhanced alignment and strategic focus across the organization.
The APCO Geopolitical Radar - Q3 2024 The Global Operating Environment for Bu...APCO
The Radar reflects input from APCO’s teams located around the world. It distils a host of interconnected events and trends into insights to inform operational and strategic decisions. Issues covered in this edition include:
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesHolger Mueller
Holger Mueller of Constellation Research shares his key takeaways from SAP's Sapphire confernece, held in Orlando, June 3rd till 5th 2024, in the Orange Convention Center.
The Genesis of BriansClub.cm Famous Dark WEb PlatformSabaaSudozai
BriansClub.cm, a famous platform on the dark web, has become one of the most infamous carding marketplaces, specializing in the sale of stolen credit card data.
IMPACT Silver is a pure silver zinc producer with over $260 million in revenue since 2008 and a large 100% owned 210km Mexico land package - 2024 catalysts includes new 14% grade zinc Plomosas mine and 20,000m of fully funded exploration drilling.
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....Lacey Max
“After being the most listed dog breed in the United States for 31
years in a row, the Labrador Retriever has dropped to second place
in the American Kennel Club's annual survey of the country's most
popular canines. The French Bulldog is the new top dog in the
United States as of 2022. The stylish puppy has ascended the
rankings in rapid time despite having health concerns and limited
color choices.”
SATTA MATKA SATTA FAST RESULT KALYAN TOP MATKA RESULT KALYAN SATTA MATKA FAST RESULT MILAN RATAN RAJDHANI MAIN BAZAR MATKA FAST TIPS RESULT MATKA CHART JODI CHART PANEL CHART FREE FIX GAME SATTAMATKA ! MATKA MOBI SATTA 143 spboss.in TOP NO1 RESULT FULL RATE MATKA ONLINE GAME PLAY BY APP SPBOSS
Best Competitive Marble Pricing in Dubai - ☎ 9928909666Stone Art Hub
Stone Art Hub offers the best competitive Marble Pricing in Dubai, ensuring affordability without compromising quality. With a wide range of exquisite marble options to choose from, you can enhance your spaces with elegance and sophistication. For inquiries or orders, contact us at ☎ 9928909666. Experience luxury at unbeatable prices.
How MJ Global Leads the Packaging Industry.pdfMJ Global
MJ Global's success in staying ahead of the curve in the packaging industry is a testament to its dedication to innovation, sustainability, and customer-centricity. By embracing technological advancements, leading in eco-friendly solutions, collaborating with industry leaders, and adapting to evolving consumer preferences, MJ Global continues to set new standards in the packaging sector.
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Tastemy Pandit
Know what your zodiac sign says about your taste in food! Explore how the 12 zodiac signs influence your culinary preferences with insights from MyPandit. Dive into astrology and flavors!
❼❷⓿❺❻❷❽❷❼❽ Dpboss Matka Result Satta Matka Guessing Satta Fix jodi Kalyan Final ank Satta Matka Dpbos Final ank Satta Matta Matka 143 Kalyan Matka Guessing Final Matka Final ank Today Matka 420 Satta Batta Satta 143 Kalyan Chart Main Bazar Chart vip Matka Guessing Dpboss 143 Guessing Kalyan night
Navigating the world of forex trading can be challenging, especially for beginners. To help you make an informed decision, we have comprehensively compared the best forex brokers in India for 2024. This article, reviewed by Top Forex Brokers Review, will cover featured award winners, the best forex brokers, featured offers, the best copy trading platforms, the best forex brokers for beginners, the best MetaTrader brokers, and recently updated reviews. We will focus on FP Markets, Black Bull, EightCap, IC Markets, and Octa.
2. Highlights
Q4 and FY 2010/11 Financial Results
Operating Segment Review
Outlook and Summary
3. 3
* Adjusted EBITDA: EBITDA excluding items from discontinued operations, accounting effect of adjustments in the fair value of the financial instruments
(including one-off accounting results for the trading derivatives booked in other operating item) and of the biological assets
Revenues : R$1.5 billion
• Year-over-Year: + 24.2% + 25.8% at constant currency
Adjusted EBITDA*: R$205 MM
• Year-over-Year: + 16.7% + 18.3% at constant currency
Net Profit before Taxes: R$139 MM
• 3.4x year-over-year
Cereal: positive impact of higher starch and ethanol prices resulting from negotiations of
new contracts and higher ethanol volumes at the Lillebonne plant
Sugarcane: benefit from organic growth driven by capacity investments, acquisitions and
high sugar and ethanol prices
Q4 2010/11 - Financial Highlights
Strong revenue and operating performance
4. Q4 2010/11 - Market Fundamentals
4
Sugar: strong fundamentals still in place
Low inventory levels
Reduced supplies from Brazil, China and Australia
Sugar prices: peaked in early February 2011
• Prices down to 21/22 cents
Starch: continued strong demand for starch and derivative products in Europe
All starch product categories positively affected; high demand from paper, chemical and
food industries
Contract terms modified to enable producers to adjust selling prices
Wheat and corn prices still high
Ethanol: favorable environment
Brazil: maximized allocation of sugarcane to sugar production versus ethanol and strong
demand despite increase in prices Sharp rise in prices and tight inventories
New regulation being discussed: expected to improve credit availability for storage and
production expansion
5. March 2010 – DVO’s is accredited for its cereal premium alcohol
April 2010 – Partnership with Petrobras Biocombustivel with a capital increase of R$1.6 billion
May 2010 – Mandu’s acquisition (3,5 million tons): R$345 million
May 2010 – Inauguration of Tanabi sugar factory
May 2010 – Inauguration of Andrade cogeneration facility (joint venture with GDF Suez)
June 2010 – Refinancing of €450 million for the Tereos EU
August 2010 – Conclusion of an ethanol commercialization agreement with BR for 2.2 million
m3 over 4 years
August 2010 – Launch of the Selby distillery project in the UK for the premium alcohols sector
November 2010 – Launch of the gluten project in BENP Lillebonne
5
Main Events 2010/11
Sugarcane and Starch
6. February – Announcement of the Brazilian starch project of R$230 MM
March 2011 – Guarani: US$560 million debt refinancing
March 2011 – R$764 million new BNDES financing
March 2011 – Launch of R$767 million investment plan in expansion of crushing capacity and
cogeneration
6
Main Events 2010/11
Sugarcane and Starch
7. 7
SUGARCANE BRAZIL
March 2011 - Announcement of a R$767 million investment plan for Guarani
• Expansion of crushing capacity and cogeneration
• Petrobras equity contribution :
- R$195 million for the first phase already approved
- Stake in Guarani capital risen to 31.4%
BNDES long term funding support: a R$764 million financial package
• Maturity: 11 years
• Attractive rates
Guarani debt refinancing: debt structure lengthened and simplified through new
syndicated loan
• US$560 million
Q4 2010/11 – Quarter Highlights
8. 8
Full Year 2010/11 - Financial Highlights
Revenues : R$5.7 billion
• Year-over-Year: + 13.5% + 26.0% at constant currency
Adjusted EBITDA*: R$850 MM
• Year-over-Year: + 10.3% + 20.1% at constant currency
Net Profit before Taxes: R$225 MM
• Group interest in net profit after tax: R$188 million
Cereal: Surge in raw material and energy prices, partially offset by new contracts
negotiations since 2H 2010/11
Sugarcane: Significant growth fueled by capacity investments, acquisitions and strong
market conditions
* Adjusted EBITDA: EBITDA excluding items from discontinued operations, accounting effect of adjustments in the fair value of the financial instruments
(including one-off accounting results for the trading derivatives booked in other operating item) and of the biological assets
•Dividend: R$44.6 MM
10. 176 213
560
751
97
124390
431
Q4 2009/10 Q4 2010/11
Brazil
Indian Ocean
Starch Europe
Ethanol Europe
Total Holding
Q4 2009/10 Currency Volume Price & Mix Q4 2010/11
Q4 2010/11 - Revenues
Double-digit Growth in Both Cereal and Sugarcane
Sugarcane
• Revenues: R$555 MM + 14.1% vs Q4 2009/10 + 15.7% at constant currency
• Brazil: + 10.4% as reported
Ethanol sales: + 37.2% in volume (+ 8.2% price increase)
Cereal
• Revenues: R$964 MM + 30.9% vs Q4 2009/10 + 32.3% at constant currency
• Starch Europe: + 34.7% at constant exchange rate
Price increase: + 26.9% vs. Q4 2009/10
• Ethanol Europe: + 24.5% at constant exchange rate
Price increase: + 12.6% vs. Q4 2009/10
1,519
+ 24.2%
1,223
1,519
1,223
10
In R$ MM
- 15
+ 102
+ 209
11. 752 678
2 701 2 512
239 540
1 319
1 956
FY 2009/10 FY 2010/11
Brazil
Indian Ocean
Starch Europe
Ethanol Europe
Total Holding
Full Year 2010/11 - Revenues
Sugarcane Operations Benefit from Strong Volume and Price Gains
5,688
+ 13.5%
5,011
2
11
Sugarcane
• Revenues: R$2.5 billion + 60.2% vs FY 2009/10 + 63.9% at constant currency
• Brazil: + 48.3% as reported Sugar sales: + 32.8% in volume Ethanol sales: + 26.4% in volume
• Indian Ocean: + 165.1% at constant exchange rate. Growth resulting from GQF acquisition in La Réunion
Cereal
• Revenues: R$3.2 billion - 7.6% vs FY 2009/10 + 6.6% at constant currency
• Starch Europe: + 7.3% at constant exchange rate
• Ethanol Europe: + 4.1% at constant exchange rate
In R$ MM
- 496
+ 681
+ 493
12. 24 26
78 72
8 37
96
132
Q4 2009/10 Q4 2010/11-5
In R$ MM
Adjusted EBITDA EBITDA
In R$ MM
206
263
-5
Q4 2010/11 - Adjusted EBITDA and EBITDA
Price increases for Starch and Ethanol in Europe, and Ethanol in Brazil
+ 27.2%
12
176
205
+ 16.7%
Sugarcane
• Brazil: strong ethanol sales volumes and prices
• Indian Ocean: contribution of GQF acquisition
• Positive impact of biological assets and financial instruments: R$74 million
Cereal
• Starch: new sales contracts pass through higher raw material costs to selling prices
• Ethanol: increase in volumes and prices
• Negative impact of financial instruments: R$16.2 million
13. 81 51
391
289
24
108
305 381
FY 2009/10 FY 2010/11
-14
In R$ MM
Adjusted EBITDA EBITDA
In R$ MM
802
816
Full Year 2010/11 - Adjusted EBITDA and EBITDA
Increased Sugarcane Production Capacity and Higher Sugar and Ethanol Prices
Sugarcane
• Favorable market conditions and greater production capacity in Brazil, La Réunion and Mozambique
Cereal
• Starch: impact of higher costs of purchased cereal and energy throughout the year
• Ethanol: negative effect of barley experiments and maintenance shutdown at Lillebonne
+ 1.8%
-14
13
771
850
+ 10.3%
14. Adjusted
EBITDA
Adjustements EBITDA Depreciation &
Amortization
Acquisition
Impact
Operating
Income
Net Financial
Expenses
Net Income
Before Tax
IncomeTax Net Income Minority
Interest
Net Income
Group Share
14
Q4 2010/11 - From Adjusted EBITDA to Net Income
Fair value of biological assets: + R$53 MM
Fair value of financial instruments: + R$5 MM
In R$ MM
205
+ 58 263
- 92
+ 1 172
139
- 32
- 33
106
- 25
81
15. Adjusted
EBITDA
Adjustements EBITDA Depreciation
&
Amortization
Acquisition
Impact
Operating
Income
Net Financial
Expenses
Net Income
Before Tax
IncomeTax Net Income Shares of
Profit in
Associates
Minority
Interest
Net Income
Group Share
15
Full Year 2010/11 - From Adjusted EBITDA to Net Income
Fair value of biological assets: + R$40 MM
Fair value of financial instruments: - R$71 MM
Non recurring: - R$3 MM
In R$ MM
850
- 34
816
- 508
+ 73 380
221
- 159
- 29
192
- 8
188
Accounting impact of the difference
between the price paid for Quartier
Français and its equity value
+ 4
16. Full Year 2010/11 - Net Result
16
Net Result: 431
Net Result: 196
In R$ MM
FY 2010/11: Negative impact of income tax compared to positive impact in 2009/10
17. Debt
Total Net Debt: R$143 Million Decrease vs March 31, 2010
Net Debt: R$2,150 million - 16.3% vs. December 2010
Net Debt / Adjusted EBITDA: 2.5x vs. 3x at March 31, 2010
Gross Debt
Breakdown by currency
Debt
In R$ Million
March 31, 2011 March 31, 2010 Change
Current 1,684 1,170 43.9%
Non-current 1,134 1,111 2.1%
Amortized cost (15) (5) -
Total Gross Debt 2,803 2,276 23.2%
In € 1,364 1,295 5.3%
In USD 763 269 183.6%
In R$ 637 620 2.7%
Other currencies 54 97 - 44.3%
Cash and cash Equivalent (633) (501) 26.3%
Total Net Debt 2,170 1,775 22.3%
Related Parties Net Debt (20) 518 - 103.9%
Total Net Debt + Related Parties 2,150 2,293 - 6.2%
17
Euro
48%
US Dollar
27%
Real
23%
Others
2%
31. 31
Tereos Internacional - Conclusion
Solid results in Q4 for both our major activities: sugarcane and cereal operations
FY 2010/11
• Adjusted EBITDA increased to R$850 million + 10 % vs 2009/10
• Sugarcane: strong results across all geographies
• Cereal: significant swing in profitability in Q4 as new contracts reflected
higher raw materials costs
Favorable market dynamics
• Sugar and Ethanol: low worldwide inventory levels
• Starch: strong market demand