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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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