EARNINGS RELEASE

4Q20 AND 2020

01 EARNINGS RELEASE

Quarter and fiscal year ended June 30, 2020

_____________________________________________________________________________

São Paulo, August 27, 2020 - BrasilAgro (B3: AGRO3) (NYSE: LND), the Brazilian leader in acquiring, developing and selling rural properties that offer high

potential for price appreciation, announces its consolidated results for the quarter and fiscal year ended June 30, 2020 ("4Q20 and 2020"). The consolidated financial statements are

prepared in accordance with

International Financial Reporting Standards (IFRS).

4Q20 and 2020 Conference Call

August 28, 2020

Portuguese

(simultaneous translation into English)

2:00 p.m. (Brasília) 1:00 p.m. (New York)

Link:

http://webcastlite.mziq.com/cover.html?webcastId=eee42d3f-726f-42ec-acf3-f179a95c1a8c

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Proposed distribution of

Highlights

R$177.6 million

Adjusted EBITDA

2019/20 harvest

315 thousand tons of grains

R$559.1 million

7.5 thousand tons of cotton

Net Revenue

2.2 million tons of sugarcane

2.5 thousand tons in meat production

1.

R$119.6 million

2. LoremAcquisitionipsum ofdolor33,419sit amehectares, consectetur adipiscing elit,NetsedIncomedo eiusmodNewtemporFarms inincididuntBahia and Piauíut labore et dolore magna aliqua. Ut

enim ad minim veniam, quis nostrud. Sale of 3,199 hectares

of the Jatobá Farm, in Bahia, and the Alto

Taquari Farm, in Mato Grosso, forR$42 million in dividends

3. Lorem ipsum dolorR$sit84amet,.7 millionconsectetur. adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut

enim ad minim veniam, quis nostrud.

PRICE

CONTACTS

___________________________________

__________________________________

AGRO3: R$21.09

+ 55 (11) 3035 5374

LND: US$3.76

ri@brasil-agro.com

Gustavo Javier Lopez

IRO

Ana Paula Zerbinati Ribeiro Gama

Elisa Cardoso Castelani

Investor Relations

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02 MESSAGE FROM MANAGEMENT

Once again, the strength of

agribusiness proved to be fundamental to guarantee food and energy supply to the population during this serious crisis period. During this time, our team went to great lengths to serve our purpose of producing food responsibly. We believe we made a difference, not only in food production, but

especially in the development of our activities and in people's lives.

Since the beginning of the pandemic in March, we have been taking measures to preserve our employees' health, contribute to the contain the spread of Covid-19 and mitigate its effects on our operations. Our production units in Brazil and Paraguay continue to operate and the results have not been greatly impacted by the pandemic (for further details, please see section Covid-19 of this earnings release).

The results we achieved during the 2019/2020 harvest year (ended June 30, 2020) leaves no doubt that our business model, and the execution of our strategy, were assertive and allowed us to face this turbulent time with great resilience.

We ended our 2019/2020 fiscal year with a Net Income of R$119.6 million and an Adjusted EBITDA of R$177.6 million, all of which reflects our Net Revenue of R$559.1 million, consisting of R$71.5 million from the sale of farms and R$487.6 million from sales of agricultural products ans farm leasings.

During the 2019/2020 fiscal year, we sold 3,199 hectares of land, at a face value of R$84.7 million, corresponding to a R$61.4 million gain and IRRs ranging from 14.3% to 21.4%.

During this year, we had another great achievement, which was the merger with Agrifirma. Agrifirma owned 28,930 agricultural hectares located in the western region of the state of Bahia, which brought synergy and economies of scale with the Bahia cluster operations since the areas are close to the Chaparral and Jatobá Farms, in addition to enabling other financial and commercial benefits.

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BrasilAgro - Companhia Brasileira de Propriedades Agrícolas published this content on 27 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 August 2020 02:37:01 UTC