SLC Agricola SA (BSP:SLCE3)
R$ 18.09 -0.11 (-0.6%) Market Cap: 7.98 Bil Enterprise Value: 16.55 Bil PE Ratio: 10.68 PB Ratio: 1.62 GF Score: 87/100

Q3 2024 SLC Agricola SA Earnings Call Transcript

Nov 13, 2024 / 01:00 PM GMT
Release Date Price: R$17.2 (-1.26%)

Key Points

Positve
  • SLC Agricola SA (SLCJY) reported stable cotton prices and a positive global balance, indicating a strong market position.
  • The company achieved record productivity in cotton harvest, with yields significantly above the national average.
  • SLC Agricola SA (SLCJY) has successfully hedged a large portion of its crops, securing favorable prices for soybeans, cotton, and corn.
  • The company has expanded its planted area by 11% for the 2024/25 season, indicating growth and increased production capacity.
  • SLC Agricola SA (SLCJY) received several ESG awards, highlighting its commitment to sustainability and transparency.
Negative
  • Net income was negatively impacted by a decline in gross profit from corn and adjustments in biological asset value.
  • Soybean yields were 17% below budget due to irregular rainfall and heat waves, affecting overall performance.
  • The company faces logistical bottlenecks in cotton exports, increasing costs and affecting profitability.
  • There is a risk of tight margins for the 2025/26 crop year due to low commodity prices and limited room for input cost reductions.
  • SLC Agricola SA (SLCJY) has a high level of debt, with a net debt to adjusted EBITDA ratio of two times, which could limit financial flexibility.


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

SLCE3.SA - SLC Agricola SA
Q3 2024 SLC Agricola SA Earnings Call
Nov 13, 2024 / 01:00PM GMT

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Presentation
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Good morning, everyone. Welcome to Slc Agricola's third quarter, 2024 earnings webcast. My name is Rodrigo Jin Financial and investor relations manager. Joining me today are our CEO A Pana and our co and Iro Ivo broom. Thank you all for being here this morning. Please note that this webcast is being recorded and will be available on our IR website along with the presentation. If you would like to listen to the simultaneous translation, you can find this tool on zoom under the interpretation icon at the bottom of your screen, you can choose your preferred language, either Portuguese or English. And for English listeners, you have the option to mute the original Portuguese audio and in this case, you will hear only the translator's voice for the
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