Hidrovias DO Brasil SA (BSP:HBSA3)

Q4 2024 Hidrovias do Brasil SA Earnings Call (English, Portuguese) Transcript

Feb 25, 2025 / 01:00 PM GMT

Release Date Price: R$1.78 (-6.40%)

Transcript

Key Points

Positve

Hidrovias DO Brasil SA (BSP:HBSA3) managed to capture a positive tariff environment throughout 2024, with an increase of approximately 20% in tariffs.
The company made progress on dredging and excavation efforts, which are expected to bring more permanent navigation conditions in the medium term.
The coastal shipping operation showed consistent results, benefiting from long-term contracts and a stronger US dollar.
The entry of Ultra Par as a key shareholder is expected to strengthen the company and drive a new strategic cycle.
Hidrovias DO Brasil SA (BSP:HBSA3) maintained sustainability as a pillar, with effective social and sustainability initiatives benefiting around 23,000 people.

Negative

Severe droughts in both the northern and southern corridors significantly impacted operations, leading to operational stoppages and lost revenue.
The southern corridor faced some of the worst navigability conditions due to the water crisis, resulting in a 33% decrease in volume handled compared to 2023.
Adjusted EBITDA for the southern corridor was negative, reflecting an 80% reduction compared to 2023.
The company's leverage increased to 6.6 times, impacted by lower generation in the period and dollar-denominated debt.
A planned capital increase was canceled due to deteriorating market conditions, affecting the company's liquidity and investment plans.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HBSA3.SA - Hidrovias do Brasil SA
Q4 2024 Hidrovias do Brasil SA Earnings Call (English, Portuguese)
Feb 25, 2025 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, ladies and gentlemen, and welcome to Idro Viazu Brazil conference call for the 4th quarter of 2024.

We have with us Mr. Fabio Schettino, CEO Andrea Sheng.

Investor relations officer and financial director, and Gabriela Colos, treasury manager and investor relations.

This event is being recorded and will be available in the company's investor relations website.

After the company's opening remarks, we will have a questions and answer session when further instructions will be given.

Please note that the simultaneous translation to a device is available on this platform, simply by clicking on the interpretation button on the lower part of the screen

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