Q1 2025 Camil Alimentos SA Earnings Call (English, Portuguese) Transcript
Key Points
- Camil Alimentos SA (BSP:CAML3) reported a net revenue of BRL2.7 billion and an EBITDA of BRL233 million with a margin of 8.7%, marking a 2.2 percentage point increase from the previous quarter.
- The company experienced notable growth in international operations, particularly driven by exports from Uruguay.
- Camil Alimentos SA is expanding its product offerings with new launches in pasta and coffee, including the introduction of União brand capsules compatible with the Nespresso system.
- The company is investing in a new biomass-fired power plant using rice husks, aligning with its ESG agenda and promoting sustainable development.
- Camil Alimentos SA was included in B3's Corporate Sustainability Index (ISE) portfolio, reflecting its commitment to sustainability and corporate responsibility.
- Net revenue decreased by 7% year on year, primarily due to lower prices in Brazil, especially in the rice category.
- The high turnover segment, including grains and sugar in Brazil, saw a 14% drop in volume compared to the previous year, driven by competitive pressure in the sugar market.
- High-growth categories such as fish, pasta, coffee, and cookies experienced a 4% decline in volumes, with pasta and coffee being the most affected.
- The company's net debt stood at BRL3.6 billion, with a net debt to EBITDA ratio of 4 times, indicating significant leverage.
- SG&A expenses accounted for 16.5% of net revenue, with an increase in general and administrative expenses, particularly personnel expenses, partially offsetting reduced sales expenses.
Hello, and welcome to the comments on the results of the first quarter ended in May 2025. On slide 2, we highlight the operating categories and the main key indicators for the quarter and year. We posted net revenue of BRL2.7 billion and EBITDA of BRL233 million with a margin of 8.7%. This margin is up 2.2 percentage points when compared to the fourth quarter of '24. As for volumes, our total was 508,000 tons with notable growth in international operations.
We will go into more details in the next few slides. In the high turnover segment, which includes grains and sugar in Brazil, we saw a 14% drop in volume compared to Q1 '24. This decline was mainly driven by the sugar category, which continues to face strong competitive pressure in the domestic retail market, both in terms of profitability and volume.
In grains, the lower volume reflects a very strong comparative base in the same period of the previous year and a lower price scenario. At times like these, when rice prices continue to fall, retailers tend to adopt a more
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