Hidrovias DO Brasil SA (BSP:HBSA3)

Q1 2025 Hidrovias do Brasil SA Earnings Call (English, Portuguese) Transcript

May 6, 2025 / 01:00 PM GMT

Release Date Price: R$2.91 (+2.11%)

Transcript

Key Points

Positve

Hidrovias DO Brasil SA (BSP:HBSA3) reported normalized navigation conditions in both the north and south corridors, contributing to improved operational efficiency.
The company achieved a positive tariff adjustment, which helped offset the drop in volume due to a delayed soybean harvest.
Significant progress in dredging and rock removal activities has enhanced navigability, particularly in the southern corridor.
The company announced the sale of its coastal navigation for bauxite, optimizing its portfolio and allowing a focus on more strategic issues.
Hidrovias DO Brasil SA (BSP:HBSA3) improved its CDP score from C in 2023 to B in 2024, reflecting strengthened environmental and climate management efforts.

Negative

The company experienced an 11% decrease in volume moved in the north corridor due to a delay in the soybean harvest.
Recurring adjusted EBITDA in the north corridor was 62.6% less than in the first quarter of 2024.
Leverage remains high at 5.9 times net debt, despite improvements, due to carryover from challenging results in 2024.
Recurring EBITDA for the coastal navigation segment saw a reduction of 13% compared to the same period last year.
The company faced challenges in ramping up operations at the Santos port, resulting in a 22% reduction in recurring EBITDA compared to the first quarter of 2024.

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

HBSA3.SA - Hidrovias do Brasil SA
Q1 2025 Hidrovias do Brasil SA Earnings Call (English, Portuguese)
May 06, 2025 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning everyone and welcome to the earnings result call for Iro Villa Brazil for the first quarter 2025. Today we have with us Mr. Fabio Schettino, the CEO, Andrea Hacheng, the CFO, and the IRS. And Gabriela Colo's Treasury Management and Investor Relations. This event is being recorded and will be available at the IR side of the company. After the company's comments, there will be a question and Answer session at which time further instructions will be provided. We have the simultaneous translation available on the platform. Click on the interpretation icon at the bottom of the screen and choose the language of your choice before continuing the four. Looking statements are based on the beliefs and

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