Guarani reported strong financial results for Q3 2009/2010, with record net revenues up 14.3% year-over-year due to higher sugar and ethanol prices. Adjusted EBITDA was up 8.2% year-to-date due to strong performance in Brazil, though impacted by lower production in Mozambique. Net profit was R$15.7 million compared to a net loss last year, driven by a R$80.3 million profit in Brazil offsetting a R$64.6 million loss in Mozambique. Management expects continued high sugar prices over the next 1-2 years and strong ethanol demand and prices in Brazil for the remainder of 2009/2010, positioning Guarani well
Tereos Internacional reported its 2012/13 year-end results. Revenues increased 11.1% to R$7.6 billion due to higher sales volumes in sugarcane and starch & sweeteners segments. Adjusted EBITDA declined 9.4% to R$869 million due to higher cereal prices and reduced ethanol volumes in Europe. In Brazil, sugarcane crushing volumes increased but earnings declined due to lower sugar and ethanol prices. The Indian Ocean/Africa segment reported increased revenues and adjusted EBITDA due to favorable commercial conditions and volume growth. The starch & sweeteners segment saw revenue growth from higher volumes and prices but adjusted EBITDA declined due to a sharp rise in raw material costs
Tereos Internacional reported on its 2013/14 fiscal year results. Key points included record sugarcane crushing in Brazil of 19.7 million tonnes, driven by strong yields and benefiting operational performance. Cereal grinding was up 5% due to better capacity utilization. Revenues increased 24% for the Starch & Sweeteners segment however profitability remained pressured. Overall, revenues grew 10% to R$8.3 billion while adjusted EBITDA rose 39% to R$962 million, supported by Brazil operational improvements and better performance in Alcohol & Ethanol Europe.
The document provides highlights from Tereos Internacional's second quarter 2013/14 results. Key points include:
- Revenues increased 17.8% to R$2.207 billion driven by higher volumes in sugarcane and improved prices and mix in starch.
- Adjusted EBITDA rose 18.4% to R$342 million due to cost dilution in sugarcane Brazil from higher volumes and improved efficiency.
- Sugarcane crushing in Brazil was up 3.9% and energy sales increased 44.0% while sugar sales rose 21.2% and ethanol fell 3.3%.
- The starch segment saw revenues increase 31% from better volumes and prices, though profitability remained under
Tereos Internacional reported financial results for Q1 2013/14 with total revenues of R$1.9 billion, a 17.6% increase over the previous year. Adjusted EBITDA was R$209.5 million, up 55.8% compared to Q1 2012/13. The sugarcane division in Brazil performed strongly with higher volumes and improved margins. Guarani, the Brazilian sugarcane subsidiary, saw increases in sugarcane crushed, sugar and ethanol production which contributed to a 226.5% rise in Adjusted EBITDA to R$125.2 million.
- Tereos Internacional reported results for the third quarter of 2013/14 with overall revenues increasing 5.9% year-over-year to R$2,015 million driven by higher volumes in Brazil and Europe as well as currency effects.
- Adjusted EBITDA increased slightly by 5.8% to R$279 million as improvements in Brazil, Europe, and Brazil offset declines in Africa due to weather issues.
- In Brazil, record sugarcane crushing of 19.7 million tons led to increased ethanol and energy sales volumes while adjusted EBITDA benefited from efficiency gains despite lower sugar prices.
- Ethanol and starch segments in Europe saw higher volumes and margins as input
Tereos Internacional reported its first quarter 2012/13 results. Key highlights included:
- Revenues of R$1.7 billion, stable year-over-year at constant currency due to favorable pricing offsetting reduced volumes.
- Adjusted EBITDA of R$156 million, down 26.7% year-over-year at constant currency due to delayed production in Brazil from unusual weather.
- A R$370 million capital increase that was 100% subscribed to finance expansion in Europe and diversification in Brazil.
Tereos Internacional reported its second quarter 2010/11 results. Key highlights include:
- Revenue grew 12.5% to R$1.5 billion driven by acquisitions in Brazil and higher sugar production.
- Adjusted EBITDA increased 44.3% to R$286 million due to strong performance in Brazil and integration of recent acquisitions.
- In Brazil, sugarcane crushing reached a record 8.8 million tons and sugar production increased 82.8% due to integration of recent acquisitions and increased capacity.
- Syral in Europe maintained stable revenues and volumes despite closing one plant, though margins declined due to higher costs.
Tereos Internacional reported its third quarter 2012/13 results. Key highlights include:
- Record net revenues driven by higher volumes in sugarcane and starch segments.
- Adjusted EBITDA increased year-over-year thanks to the sugarcane divisions, despite challenges in the alcohol and ethanol segment from technical issues at a new facility.
- Cash flow was negative due to ongoing strategic investments and seasonal working capital needs.
The document summarizes Tereos Internacional's financial results for the first quarter of the 2013/14 fiscal year. Major reporting changes include adopting a new accounting standard that requires joint ventures to be equity accounted rather than proportionally consolidated. Segment information is now presented on a standalone and contributive basis. The results show a 17.6% increase in revenues driven by higher sales volumes in Brazil and higher prices in Europe. Adjusted EBITDA increased 56.7% to R$210 million due to recovery in the Brazilian business from higher production volumes and cost dilution, as well as improved results in other segments.
- PotashCorp reported first quarter earnings of $1.02 per share, or $308.3 million, down from $1.74 per share in the first quarter of last year. Earnings were supported by potash pricing despite lower sales volumes for all three nutrients.
- Potash sales volumes declined significantly due to delayed customer purchasing amid economic uncertainty, with only 0.5 million tonnes sold compared to 2.5 million tonnes in the first quarter of 2008. However, average realized potash prices were $250 per tonne higher than the previous year.
- Phosphate and nitrogen also saw large declines in gross margin due to weak demand and lower prices for their products. Overall revenues and
Tereos Internacional reported its second quarter 2012/13 results. Key highlights included a recovery in the Brazilian sugarcane operations due to increased sales volumes and lower input costs. The company also saw higher sales volumes across most business segments. However, raw material costs impacted the cereals business. Looking forward, the company expects sugarcane crushing in Brazil to increase to between 18.2-18.4 million tonnes for the current crop.
20110523 ti conf_call_presentation_q4_engl_v2Tereosri
The document reports on the financial results of Tereos Internacional for the fourth quarter and full year of 2010/11. Key highlights include 24.2% revenue growth and 16.7% adjusted EBITDA growth for Q4, driven by double-digit increases in both cereal and sugarcane operations. For the full year, revenues grew 13.5% and adjusted EBITDA grew 10.3%, with sugarcane revenues increasing 60.2% due to higher volumes and prices. Net debt decreased 16.3% from the previous year. The company also announced several expansion projects and investments totaling over $1 billion for its sugarcane operations in Brazil.
Tereos Internacional reported strong financial results for Q3 2011/12, with revenues increasing 14.4% to R$1.8 billion driven by higher prices across key products. Adjusted EBITDA grew 4.4% to R$271 million. The Brazilian business was impacted by lower sugarcane volumes but this was offset by better results in other regions like the Indian Ocean and Europe. The company also advanced strategic initiatives through acquisitions and increased stakes in subsidiaries to reinforce its leadership positions.
2014 Full Year Results - The slides for the analyst presentationLafarge
Lafarge reported solid 2014 full year results in a volatile environment, with growth in key markets like the US and Middle East & Africa. Cost reduction and innovation efforts generated €600m in savings, exceeding targets. EBITDA was €2.721 billion and net income was affected by one-off items. The merger with Holcim remains on track for completion in 2015. Operational reviews showed volume growth in North America and cost cutting offsetting lower volumes in Western Europe. Central & Eastern Europe saw EBITDA margin improvements from self-help measures.
1. Cane production and sugar output increased in 2009/10, driven primarily by expansion of Zambia Sugar's area under cane and acquisition of Nanga Farms. Factory performance across the group was significantly improved compared to the previous year.
2. A number of expansion projects were completed or underway, including doubling capacity at Maragra Sugar in Mozambique, expanding Ubombo Sugar in Swaziland, and progressing a proposed greenfield project in Mali.
3. Group revenue decreased slightly due to disposals, but operating profit improved due to cost reductions, production increases, and higher sugar prices. Headline earnings declined due to the dilutive effect of a rights issue, but the
This document provides real estate sales data for Spring, TX (zip code 77386) from April 2011 to April 2013. It includes statistics such as average and median sold prices by month, average price per square foot by month, and average days on market by month. Additional metrics provided are months supply of inventory by month and average days on market for properties under contract. The data is presented in tables and charts displaying the monthly values over the two-year period.
Magnolia TX Real Estate Reports - May 2013 | BHGREGGKen Brand
Our Market Reports are ready to ponder and share like Johnny Appleseed. The Woodlands, Magnolia and Spring = Average and Median Sold Prices, Average Prices Per Square Foot, Days On Market and Months Supply Of Inventory. If you're into real estate or a real estate data geek, these reports are for you. https://www.evernote.com/pub/kenbrand/may2013marketreports
Eucatex Group reported its 1Q12 results, with net revenue reaching R$218.9 million, up 7.4% over 1Q11. EBITDA was R$42 million, remaining stable compared to 1Q11, while gross margin declined 2.6 percentage points to 33.2%. Segment revenues increased for T-HDF/MDF (97.3%), MDP (9.4%) and laminated flooring (4%), while revenues declined for fiberboard (-17.7%) and paint/varnish (0.3%). Capex in 1Q12 was R$43.6 million and the company approved the issue of R$75 million in debentures.
Santander’s 2012 attributable net profit was EUR 2.205 billion (-59%), after ...BANCO SANTANDER
Santander’s 2012 attributable net profit was EUR 2.205 billion (-59%), after making charges of EUR 18.800 billion and reducing property exposure in Spain
This document provides an analysis of the Tata Tax Saving Fund mutual fund. It highlights that while the fund's year-to-year returns have been erratic, it has a solid long-term record, with returns of nearly 21% annually over its 19-year history. The fund follows a growth-at-a-reasonable-price strategy, investing in high-quality businesses with strong growth potential. While it historically focused on large caps, it has recently increased its exposure to small caps. The document concludes the fund is suitable for those seeking above-benchmark returns without high volatility over the long run.
The document is a quarterly report on the Q1 09/10 results of Açúcar Guarani S.A. It summarizes that sugar prices increased significantly due to lower global production. Guarani's revenue and profits increased due to higher sugar prices in Reais. Adjusted EBITDA more than doubled to R$49.9 million due to strong prices and cost controls. The outlook for Guarani and the sugar market remains positive.
Tereos Internacional reported its 2012/13 year-end results. Revenues increased 11.1% to R$7.6 billion due to higher sales volumes in sugarcane and starch & sweeteners segments. Adjusted EBITDA declined 9.4% to R$869 million due to higher cereal prices and reduced ethanol volumes in Europe. In Brazil, sugarcane crushing volumes increased but earnings declined due to lower sugar and ethanol prices. The Indian Ocean/Africa segment reported higher volumes and a 20% increase in adjusted EBITDA. The starch & sweeteners segment saw revenue growth of 19% but adjusted EBITDA fell 9% as higher raw material costs offset increased prices and volumes.
Tereos Internacional reported financial results for the first quarter of 2010/11. Net revenues were R$1.1 billion, down 13.1% due to currency effects but up 2.1% excluding currency. EBITDA was R$113 million, down 43.5% due to currency effects and non-recurring items in Brazil. Production reached records in Brazil while segments were impacted by currency effects, maintenance, and testing new raw materials. The company aims to accelerate growth through recent acquisitions and partnerships.
Tereos Internacional reported its second quarter 2012/13 results. Key highlights included a recovery in the Brazilian sugarcane operations due to increased sales volumes and lower input costs. The company also saw higher sales volumes across most businesses. Adjusted EBITDA increased despite rising cereal input costs and production disruptions during a gluten factory start-up. Looking forward, the company expects sugarcane crushing in Brazil to increase to between 18.2-18.4 million tonnes for the current crop.
20110215 ti conf_call_presentation_q3_englTereosri
Tereos Internacional reported record results for the third quarter of 2010/11, with revenues increasing 31.3% year-over-year driven by strong growth in the sugarcane segment. Net income was a record R$143 million, up significantly from R$14 million in the prior year quarter. The sugarcane segment performed well due to higher sales volumes and prices. The cereal segment faced challenges from higher raw material costs and currency effects. Working capital increased seasonally during the quarter. Outlook for the remainder of the year remains positive for sugarcane but challenging for cereals.
Tereos Internacional reported record results for the third quarter of 2010/11, with revenues increasing 31.3% year-over-year driven by strong growth in the sugarcane segment. Net income was a record R$143 million, up significantly from R$14 million in the prior year quarter. The sugarcane segment performed well due to higher sales volumes and prices. The cereal segment faced challenges from higher raw material costs and currency effects. Working capital increased seasonally during the quarter. Outlook for the remainder of the year remains positive for sugarcane but challenging for cereals.
Tereos Internacional reported strong financial results for Q3 2011/12, with revenues increasing 14.4% to R$1.8 billion driven by higher prices across key products. Adjusted EBITDA grew 4.4% to R$271 million. The Brazilian business was impacted by lower sugarcane volumes but this was offset by better results in other regions like the Indian Ocean and Europe. The company also advanced strategic initiatives through acquisitions and increased stakes in subsidiaries to reinforce its leadership positions.
- Revenues for the second quarter increased 8.7% to R$1.6 billion due to higher prices across key product categories and increased volumes for EU ethanol and Indian Ocean sugarcane segments. Record quarterly EBITDA was R$282 million, up 24.4% from the previous year, with the EBITDA margin improving to 17.1%.
- Sugarcane revenues in Brazil declined due to lower volumes affected by adverse weather, but prices increased. Indian Ocean sugarcane revenues grew on higher prices and volumes. Cereal revenues increased 24% on higher selling prices and improved product mix in the starch segment.
- Revenues for the second quarter increased 8.7% to R$1.6 billion due to higher prices across key product categories and increased volumes for EU ethanol and Indian Ocean sugarcane segments. Record quarterly EBITDA was R$282 million, up 24.4% from the previous year, with the EBITDA margin improving to 17.1%.
- Sugarcane revenues in Brazil declined due to lower volumes affected by adverse weather, but prices increased. Indian Ocean sugarcane revenues grew on higher prices and volumes. Cereal revenues increased 24% on higher selling prices and improved product mix in the starch segment.
Delta Sugar Co. - Initiation of Coverage - 12 November 2015Omneya El Hammamy
The document provides an overview of the global and local sugar markets. Key points include:
- Sugar cane and sugar beets account for 80% and 20% of global sugar production respectively. Brazil and India are the top producers while India and the EU are the top consumers.
- Global sugar production is expected to decline in 2015/2016 while consumption increases, keeping prices low in the short term.
- Egypt consumes around 3 MMT of sugar annually but only produces 2 MMT, relying on imports mainly from Brazil to make up the difference. The local industry has struggled with low international prices.
- The Egyptian government has intervened by imposing tariffs of 20-40% on imported refined and raw sugar
The document provides a summary of Tegma's 2Q09 and 6M09 financial results. Net revenue increased 11.8% in 2Q09 and 13.3% in 6M09 compared to the same periods in 2008. EBITDAR grew 10.3% in 2Q09 and 20.9% in 6M09. Net income increased 3.6% in 2Q09 and 29.3% in 6M09 year-over-year. The board approved a dividend payment of R$20 million or R$0.30 per share to be paid on August 24th based on the shareholder base as of August 13th.
The document reports on the financial results of Tereos Internacional for the fourth quarter and full year of 2010/11. It highlights that revenues increased 24.2% in Q4 and 13.5% for the full year due to double-digit growth in both cereal and sugarcane operations. Adjusted EBITDA rose 16.7% in Q4 and 10.3% for the full year, driven by higher ethanol and sugar prices in Brazil as well as price increases for starch and ethanol in Europe. For the outlook, the document notes that market fundamentals remain strong for sugar, starch and ethanol.
Barry Callebaut Group - Roadshow Presentation Half-Year Results 2019/20Barry Callebaut
Strong volume growth and profitability
"We delivered strong profitable growth in the first six months of fiscal year 2019/20. All Regions continued to materially outperform the global chocolate confectionery market."
Antoine de Saint-Affrique, CEO of the Barry Callebaut Group
For more details check out the press release on our website:
https://bit.ly/BC_HYR_2019_20
Global Sugar - A Complex Market that Requires a Fit for Purpose CTRM SolutionCTRM Center
Sugar is a global commodity, with almost 180 million metric tons being produced in more than 120 countries each year. Though much of the sugar produced by these countries is consumed locally in food products or, increasingly, for ethanol production, the largest producing countries are often exporters as well and in total contribute 60-70 million metric tons delivered into the global market each year.
Tereos Internacional reported record first quarter net profits due to a strong increase in operating income. Revenues increased 47.4% to R$1.6 billion, driven by higher sugar and ethanol prices. Adjusted EBITDA doubled to R$206 million compared to the previous year. In Brazil, revenues and adjusted EBITDA increased significantly due to higher prices and the Mandu acquisition. Starch Europe revenues rose 27% due to higher volumes, but adjusted EBITDA declined due to increased costs. Outlook remains positive given continued high sugar and ethanol prices.
Tereos Internacional reported record first quarter net profits, driven by a strong increase in operating income. Revenues increased 47% to R$1.6 billion, largely due to higher sugar and ethanol prices. Adjusted EBITDA doubled to R$206 million compared to the previous year. The results were positively impacted by recent acquisitions as well as strong pricing environments for sugar and ethanol. Looking forward, concerns over reduced sugar production in Brazil may continue supporting high sugar prices.
The document summarizes the company's financial results for the 1st quarter of 2009. It reported a 3% increase in domestic oil, NGL, and natural gas production compared to the 4th quarter of 2008 due to new production systems coming online. Operating income decreased compared to the previous quarter primarily due to lower oil prices and sales volumes, though cost reductions partially offset this. New discoveries were also announced in pre-salt areas that will help drive future growth.
Bai 7 phan tich tai chinh cong ty mia duong thanh thanh cong tay ninhthesharingbankers
The document analyzes the long-term financial situation of Thanh Thanh Cong JSC (TTCs). It highlights TTCS's potential for long-term growth through expansion of sugarcane farming areas, mergers and acquisitions to integrate the value chain, and development of new healthy product lines. It also discusses the sugar industry in Vietnam, TTCS's competitive positioning as the largest producer, and an analysis of TTCS's financial performance from 2008-2017 showing overall revenue growth but declining margins and returns on assets due to investments in production.
Shree Renuka Sugars is the largest sugar refining and ethanol producer in India. It has operations in India, Brazil, and plans to enter the Chinese market. The company has a refining capacity of 4000 tons per day in India and acquired a Brazilian sugar company in 2009, gaining access to 2 million tons of sugar annually. China represents a growth opportunity as the world's second largest economy and largest sugar consumer, with rising incomes increasing demand for discretionary items like sugar.
China sugar manufacturing industry report, 2010ResearchInChina
The document summarizes a report on China's sugar manufacturing industry in 2010-2011. It analyzes the market size, supply and demand trends, imports and exports, and price movements of the Chinese sugar industry. It also examines the upstream and downstream industries and provides an overview of several major Chinese sugar companies.
Similar to 3 q 0910 conference call presentation (20)
1) O relatório apresenta os resultados do primeiro trimestre de 2015/2016 da Tereos Internacional, com destaque para o bom início da safra de cana-de-açúcar no Brasil e expectativa de bons volumes na África e Oceano Índico.
2) As receitas totais aumentaram 8% em moeda local, mas permaneceram estáveis em moeda constante. O EBITDA Ajustado caiu 7%, impactado principalmente pelos menores preços de açúcar na Europa.
3) Os volumes de vendas de amido e ad
1) Tereos Internacional reportou resultados do terceiro trimestre de 2014/15, com destaque para aumento de 3% na moagem de cana no Brasil e forte crescimento na África.
2) As vendas de açúcar, etanol e energia aumentaram no Brasil. As vendas de amido e adoçantes cresceram globalmente, impulsionadas pelas operações internacionais.
3) A receita líquida aumentou 9%, para R$2,1 bilhões, com melhora da lucratividade na maioria dos segmentos, exceto
Tereos Internacional provided a disclaimer and overview of a presentation given at the Morgan Stanley Latin America Mid-Cap Conference in London on November 11th, 2014. The summary discusses Tereos' profile as a leading producer of sweeteners and bioenergy with a global footprint and diversified raw material processing. Financial highlights note revenues of R$962 million and EBITDA of R$123 million for fiscal year 2013/2014.
Este documento apresenta informações sobre a Tereos Internacional para investidores e analistas. Resume a estrutura acionária, as operações globais, as divisões de negócios de cana-de-açúcar e cereais, e fornece indicadores financeiros e de mercado.
O documento resume os resultados financeiros da Tereos Internacional no segundo trimestre de 2014/15. Houve queda na receita líquida de 3% devido a menores preços e volumes de açúcar no Brasil e cana-de-açúcar na África/Oceano Índico. O EBITDA ajustado caiu 19% principalmente pela pior rentabilidade da divisão de cana-de-açúcar no Brasil, com menores vendas de açúcar e maiores custos. A divisão de cereais teve melhor desempenho graças
O documento resume os resultados financeiros e operacionais da Tereos Internacional para o ano fiscal 2013/14. Destaca o crescimento da receita impulsionado por maiores volumes de vendas no Brasil e Europa. O EBITDA ajustado aumentou com a diluição de custos no Brasil e melhor desempenho na Europa. A produção de cana-de-açúcar no Brasil atingiu recorde de 19,7 milhões de toneladas.
Tereos internacional presentation_port_3_mTereosri
(1) Tereos Internacional divulgou seus resultados do terceiro trimestre de 2013/14.
(2) A receita líquida aumentou 5,9% impulsionada pelo melhor desempenho operacional da unidade Lillebonne na Europa e melhores preços de etanol e energia no Brasil.
(3) O EBITDA ajustado cresceu 5,8% com melhora na rentabilidade de todos os segmentos, exceto na África/Oceano Índico devido a condições climáticas adversas.
1) As vendas de açúcar e energia da Guarani no Brasil aumentaram significativamente no segundo trimestre, melhorando os lucros.
2) Na África e Oceano Índico, a produção se manteve estável, com aumento nas vendas e lucros.
3) As vendas de amido e adoçantes aumentaram levemente, mas as margens permaneceram pressionadas.
O documento apresenta: (1) informações sobre uma reunião pública da Tereos Internacional com investidores e analistas em São Paulo; (2) um aviso sobre as informações apresentadas não terem sido verificadas independentemente e sobre riscos envolvendo projeções; (3) a agenda da reunião incluindo apresentações sobre a Tereos como líder global em açúcar, amido e bioenergia e sobre suas operações de cana-de-açúcar e cereais no Brasil e internacionalmente.
16,6%
Margem Bruta
1. O documento apresenta os resultados financeiros e operacionais da Tereos Internacional no segundo trimestre de 2013/14.
2. Destaca-se o aumento na receita líquida, impulsionado por maiores volumes de cana-de-açúcar no Brasil e efeito cambial positivo.
3. O EBITDA ajustado também cresceu, com melhora na eficiência das operações de cana-de-açúcar no Brasil e menores custos com matérias-primas na
The document provides an earnings release for Açúcar Guarani for the second quarter of 2008, highlighting decreases in sugar prices, increases in ethanol production and sales, financial results including revenue and EBITDA, inauguration of a new ethanol plant, and leadership changes including a new CEO.
Divulgação de resultados 2 t08 port (apresentação)Tereosri
Este documento resume os resultados financeiros e operacionais da Açúcar Guarani no 2T08. Apresenta queda nos preços do açúcar e aumento na produção e vendas de etanol. Destaca o crescimento da receita, EBITDA e vendas de etanol, assim como a inauguração de uma nova unidade voltada à produção de etanol hidratado.
O documento resume os principais resultados financeiros da Tereos Internacional no primeiro trimestre de 2013/14. Destaca o crescimento da receita líquida impulsionado por maiores volumes de vendas no Brasil e na África/Oceano Índico. Também ressalta a recuperação do EBITDA ajustado em relação ao ano anterior, principalmente devido aos maiores volumes de cana-de-açúcar processados no Brasil.
O documento resume os resultados financeiros e operacionais da Açúcar Guarani para o 4o trimestre e ano fiscal de 2008/2009. A empresa obteve receita líquida recorde de R$1,2 bilhão, impulsionada por maiores preços e volumes de açúcar e etanol. No entanto, teve prejuízo líquido de R$291 milhões devido a efeitos não caixa da desvalorização cambial e amortização de ágio. A dívida líquida foi reduzida em 20,5% e a empresa focará em reduz
O relatório apresenta os resultados do primeiro trimestre de 2009/2010 da Açúcar Guarani. Os principais pontos são:
1) Aumento de 185% no EBITDA ajustado em comparação ao mesmo período do ano anterior, alcançando R$49,9 milhões.
2) Lucro líquido de R$14,3 milhões no trimestre, revertendo prejuízo do ano anterior.
3) Crescimento de 9,5% na moagem de cana-de-açúcar e aumento na produção de açúcar e etanol.
O documento apresenta os resultados do 2o trimestre de 2009/2010 da Açúcar Guarani. Os preços mundiais do açúcar atingiram o maior nível dos últimos 28 anos, sustentando os preços domésticos. A receita líquida cresceu 27,7% impulsionada pelos maiores preços do açúcar. O EBITDA ajustado aumentou 49,9% no primeiro semestre e 9,8% no segundo trimestre.
A Guarani registrou receita líquida recorde no 3o trimestre de 2009/2010, impulsionada pelos maiores preços de açúcar e etanol. Entretanto, o lucro líquido foi impactado negativamente pelas operações em Moçambique, que sofreram com a seca e desvalorização cambial, registrando prejuízo. As operações brasileiras tiveram bom desempenho, com lucro líquido de R$80,3 milhões. A empresa planeja ampliar capacidade de produção de açúcar nas próximas safr
A Guarani obteve resultados financeiros positivos em 2009/10, com receita líquida recorde de R$ 1,4 bilhão, apesar da queda na produção de açúcar e etanol devido às condições climáticas. A empresa expandiu sua capacidade de moagem através de parcerias e investimentos. Uma parceria com a Petrobras Biocombustível visa acelerar o crescimento da Guarani no setor sucroenergético brasileiro.
Guarani achieved record net revenues in 2009/10 due to higher sugar and ethanol prices, despite lower volumes sold. Adjusted EBITDA more than doubled to R$334.9 million, with a margin of 24.6%, returning the company to net profit. However, Mozambican operations reported a loss due to drought. Sugar prices reached 28-year highs but have since declined, while ethanol prices remained above prior year levels. Guarani crushed 14.5 million tons of sugarcane in 2009/10.
Apresentação teleconferência resultados 1 t 1011Tereosri
1) A Tereos Internacional apresentou resultados financeiros do primeiro trimestre de 2010/11, com produção recorde de açúcar e etanol no Brasil, porém EBITDA afetado por efeitos cambiais e eventos não recorrentes.
2) O segmento de amido teve redução na receita líquida devido à desvalorização do Real frente ao Euro e menores preços de venda de amido, porém melhorou a margem EBITDA.
3) No Brasil, houve aumento expressivo na produção e receita, porém o EBIT
Family/Indoor Entertainment Centers Market: Regulation and Compliance UpdatesAishwaryaDoiphode3
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Andrew Wilmot- Ecentric Payment Systems: Macro Trends Shaping Payments in Afr...itnewsafrica
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Don’t Get Left Behind: Leveraging Modern Product Management Across the Organi...Aggregage
https://www.productmanagementtoday.com/frs/27009164/don-t-get-left-behind--leveraging-modern-product-management-across-the-organization
The challenge of delivering the right product at the right time while aligning with strategic objectives is more pressing than ever. Product management is evolving and gaining greater recognition as the means to creating this connection.
Join our upcoming webinar and learn how to streamline your product development processes, infuse product thinking across the organization, and bridge the gap between vision and delivery. During this webinar, we will discuss the nuances of product management in a rapidly evolving landscape, and provide insights into fostering collaboration, managing complexity, and driving efficient execution from strategy to delivery.
You’ll walk away from this webinar with insights into how you can:
• Increase customer value by strengthening alignment across your organization.
• Reduce costs by making small bets and cross organizational funding decisions.
• Ensure a synthesis between planning and implementation to quickly deliver value.
9 Lessons From Jeff Bezos’ ONLY Podcast AppearanceLevership
If you lead an organization (CEO or management), this podcast is a much-watch.
Lex Fridman did a brilliant job getting the best out of Jeff Bezos.
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2. This presentation contains forward-looking statements related to the prospects of our business and estimates for
operating and financial results. Those related to growth prospects of Açúcar Guarani S.A. are merely projections and,
as such, based exclusively on the expectations of the management concerning the future of the business. Such
forward-looking statements depend substantially on changes in market conditions, government regulations,
competitive pressures, the performance of the Brazilian and international economies and the industry and are
therefore subject to change without prior notice.
Disclaimer
3. Record 9M Net Revenues: +14.3% (+1.3% quarter-on-quarter) on higher sugar and ethanol prices
Adjusted EBITDA: +8.2% (YTD basis) to R$208.3 million
Brazilian operation with a 23.8% Adjusted EBITDA margin in 9M and 30.1% in Q3 09/10
Net profit of R$15.7 million
R$ 80.3 million Net Profit in Brazilian operations
R$ 64.6 million loss in Mozambique (lower production and currency depreciation)
Key Financial Highlights
Strong overall performance, impacted by drop in Mozambique
Net debt at R$1.1 billion: decrease of 12.8% compared to the same period last year
Positive outlook
Domestic prices
Higher sugar production
Increase of cogeneration
Higher own sugarcane
3
5. World sugar prices at their highest levels in 28 years
Strong sugar prices, supported by forecasts of a continued imbalance between world supply and demand and by
reduced inventory levels
poor crop in India and eastern Africa (Mozambique)
rains in Brazil, with reduced sugar content on sugarcane
Domestic prices higher than international prices due to lower than expected Brazilian production of white/refined sugar
Increase in Brazilian exports, with India as main destination
Key Business Highlights – Q3 09/10 Sugar Market Overview
Strong world prices and growth in Brazilian exports
Guarani’s Sugar
Prices (R$/ton)
5
Prices (R$/ton)
Note: Actual average price net of taxes
400
600
800
1000
Q107/08
Q207/08
Q307/08
Q407/08
Q108/09
Q208/09
Q308/09
Q408/09
Q109/10
Q209/10
Q309/10
6. Key Business Highlights – Q3 09/10 Ethanol Market Overview
Higher prices and strong domestic demand during the year
Significant appreciation of ethanol prices due to lower product output
Continued growth in domestic consumption, supported mainly by the growth of the flex fuel fleet and strong car sales
Limited impact of the 20% reduced blending (300,000 m³)
Price increases in all other major markets, such as US and European Union
Guarani’s Ethanol
Prices (R$/m³
6
Prices (R$/m³)
Note: Actual average price net of taxes
400
600
800
1000
Q107/08
Q207/08
Q307/08
Q407/08
Q108/09
Q208/09
Q308/09
Q408/09
Q109/10
Q209/10
Q309/10
7. Sugarcane Crushed (MM t)
9M 09/10
Sugarcane Crushed (MM t)
Q3 09/10
Sugarcane crushing reduced by 2.2% in 9M 09/10, mainly due to:
Drought in Mozambique, resulting in 0.2 million tons less sugarcane crushed
Heavy rains in Brazil resulting in 0.1 million tons less sugarcane crushed
Current production of TRS reduced by 11.0% compared to 9M 08/09, mainly due to a decrease of 6.6% in the sugar content
measured in TRS, although yields have increased by 14.8% to 93 ton/ha
Sugarcane from 3rd parties represented 72.5% of the total crushing in 9M 09/10
Sugarcane processing to resume on March, 2010 on three of Guarani industrial plants
Sugarcane Crushing
Heavy rains in Brazil and drought in Mozambique
4.1 3.9
10.3 10.2
9M 08/09 9M 09/10
Own 3rd Party
14.114.4
1.5
1.0
2.7
3.1
Q3 08/09 Q3 09/10
Own 3rd Party
4.14.2
9M 09/10 Q3 09/10
7
8. Sugar production fell by 15.2% in 9M 09/10 impacted by lower sugar content (TRS) in the sugarcane, while ethanol reduced by
4.8%
Priority on crystal and refined sugar due to higher margins. Refining operations to continue during the inter-crop
Mix with 56% sugar and 44% ethanol
Increase of own sugarcane for next crop
Sugar and Ethanol Production
Impact of poor sugar content on sugarcane due to rainfalls
Sugar Production (’000 t)
9M 09/10
Ethanol Production (’000 m³)
9M 09/10
8
9M 09/10 9M 09/10
111 117
385 355
9M 08/09 9M 09/10
Anhydrous Hydrous
472496
493 455
512
453
149
71
9M 08/09 9M 09/10
Refined Crystal VHP
1,154
979
9. Net Revenues
Record YoY net revenues driven by higher prices
Net revenues rose 14.3% to R$970.7 million in 9M 09/10 and 1.3% to R$363.8 million in Q3 09/10
Sugar revenues rose by 10.2% in Q3 09/10 with a 35.2% price increase and a 18.5% volume decrease
Ethanol revenues increased by 17.7% in Q3 09/10 with a 21.0% price increase to R$916.3/m³
Focus on domestic market to benefit from higher prices:
Sugar: 64.7% domestic market and 35.3% export
Ethanol: 95.1% domestic market and 4.9% export
Net Revenues (R$ MM)
Q3 09/10
Net Revenues (R$ MM)
9M 09/10
9
Q3 09/109M 09/10
504
632
272
27173
67
9M 08/09 9M 09/10
Sugar Ethanol Others
849
971
245 240
93 110
22 14
Q3 08/09 Q3 09/10
Sugar Ethanol Others
359 364
10. Adjusted EBITDA
Impacted by higher prices in Brazil and lower operations in Mozambique
Adjusted EBITDA: R$93.5 million and 25.7% Adjusted EBITDA margin in Q3 09/10 vs. 32.3% in Q3 08/09:
In Brazil: Positive impact of higher prices and reduced costs of own sugarcane, offset by increased third
party sugarcane costs based on CONSECANA and lower sugar content. Adjusted EBITDA Margin of
30.1%
In Mozambique: -R$9.8 million Adjusted EBITDA, affected by reduced volume of crushed sugarcane
In Q3 09/10, negative hedging effect of R$15.0 million vs. a positive R$12.9 million in Q3 08/09, due to higher
sugar prices
YTD basis: R$208.3 million Adjusted EBITDA and 21.5% margin
For Brazilian operations alone, Adjusted EBITDA of R$220.7 million and 23.8% Adjusted EBITDA margin
Adjusted EBITDA (R$ MM)
9M 09/10
10
9M 09/10
174.3
220.7
18.2
(12.4)
22.7%
21.5%
1,0%
3,0%
5,0%
7,0%
9,0%
11,0%
13,0%
15,0%
17,0%
19,0%
21,0%
23,0%
25,0%
-20,0
30,0
80,0
130,0
180,0
230,0
280,0
9M 08/09 9M 09/10
Brasil Moçambique Margem EBITDA Ajustado
11. Net Results
Return to net profit despite loss in Mozambique
Net Profit (R$ MM)
Q3 and 9M 09/10
YTD net profit of R$15.7 million vs. net loss of R$241.4 million in 9M 08/09, including R$80.3 million profit in Brazil
Offset by:
Net loss in Mozambique of R$64.6 million caused by reduction in production and non-cash currency depreciation
(39.9)
(64.6)
41.7 80.3
Q3 09/10 9M 09/10
Mozambique Brazil
11
Consolidated
Net
Profit
R$15.7
million
Q3 and 9M 09/10
R$1.8
million
12. Net Debt
At R$ 1.1 billion
Net debt of R$1.1 billion as of December, 2009 representing 2.4% increase over previous quarter due to:
Higher working capital reflecting Guarani’s normal business cycle to increase inventories
Net debt/Adjusted EBITDA ratio stood at 4.5x on December, 2009 vs. 4.0x on September, 2009 due to seasonality of the
business
Short-term debt represented 55.4% of total net debt (excluding intercompany loans)
Debt in foreign currencies totaled R$758.4 million, equivalent to 68.9% of total net debt
Effective average interest rate in Q3 09/10 of 7.7%
Net Debt per Currency Net Debt per Term
12
Net Debt per Currency
Foreign
Currency
69%
BRL
31%
Net Debt per Term
Current
55%
Non-
Current
45%
Note: Includes debt related to SHL in Mozambique Note: Excludes intercompany loans. Net of cash & cash equivalents
13. … to take advantage of higher sugar prices:
Increase of Tanabi’s crushing capacity from 1.4 million tons during this crop to 1.7 million tons for next crop and a
new sugar factory to allow the plant to produce 100,000 tons of sugar
São José plant to increase capacity to 3.2 million tons of sugarcane crushed with a 50,000 tons increase in sugar
production. Expected growth in energy sold to the grid
CAPEX
Increased sugarcane crushing and sugar production capacity
Increase of mechanical harvesting and planting capacity as well as to improve field yields
Increase of plantation area in Mozambique and irrigation to ensure sugarcane availability
Cogeneration in Andrade plant
13
14. Total renovation of sugarcane fields by 2011/12 (15,900 ha)
Extension of irrigation to a further 5,000 ha (total of 10,000 ha in 2012)
1,500 ha in 2010
1,600 ha in 2011
1,900 ha in 2012
Refinancing of debts in 2010 to restructure current financing in
Mozambique
Investing to increase yields
Refinancing of debts in 2010 to restructure current financing in
South African Rand
14
15. Sugar Market Outlook
Prices supported by decrease in production and lower yields
Global demand may exceed production by 6 million tons in this world crop
Historically high prices to remain at least for 18 to 24 months
Future sugar prices to be adjusted according to weather at the start of the Brazilian crop and the next Indian crop starting
in October, 2010
Good prospects for white sugar prices with the expectation of a significant deficit both for refined and crystal sugars
World Sugar BalanceRaw Sugar Prices (NY 11)
15
20
25
30
35
40
45
50
8
12
16
20
24
28
01-Apr-08
01-Jul-08
01-Oct-08
01-Jan-09
01-Apr-09
01-Jul-09
01-Oct-09
01-Jan-10
centsR$/lb
centsUS$/lb
cents US$/lb cents R$/lb
Q209 Q110Q109 Q309 Q409
Source: ICE
Q310Q210
15
World Sugar BalanceRaw Sugar Prices (NY 11)
100
120
140
160
180
30
40
50
60
98/99
99/00
00/01
01/02
02/03
03/04
04/05
05/06
06/07
07/08
08/09
09/10E
Production/Consumption(MMton)
Inventories(MMton)
Inventories Production Consumption
Source: LMC
16. Ethanol Market Outlook
Strong consumption and prices expected for Q4 09/10 and next crop
Domestic market:
Ethanol prices supported by lower stocks than in previous crop
Strong flex fuel vehicle sales – currently 85% of all vehicle sold – will be a key driver for ethanol consumption growth
International market:
Higher prices in US and EU suggest a possible window for Brazilian exports from the beginning of next crop
Although world production has increased, supply will struggle to meet demand because of record sugar prices that favour
sugar production
Vehicles Sales per Fuel TypeHydrous and Anhydrous Ethanol
Prices (SP State)
0
50
100
150
200
250
300
350
Apr-08
Jul-08
Oct-08
Jan-09
Apr-09
Jul-09
Oct-09
'000units
Ethanol + Flex-Fuel Gas + Diesel
Q209 Q110Q109 Q309 Q409
Source: Anfavea
Q210 Q310
0,55
0,65
0,75
0,85
0,95
1,05
1,15
1,25
01-Apr-08
01-Jul-08
01-Oct-08
01-Jan-09
01-Apr-09
01-Jul-09
01-Oct-09
01-Jan-10
R$/liter
Hydrous Anhydrous
Q209 Q110Q109 Q309 Q409
Source: Esalq
Q210 Q310
16
(Brazil)Prices (SP State)
17. Outlook
Guarani well positioned to seize market opportunities…
… and benefit from the positive market scenario:
Positive scenario for sugar prices for the 2010/11 crop due to higher demand than supply
Positive scenario for ethanol prices in Q4 09/10 due to lower supply and strong demand in Brazil. Prices for
next crop expected to be more stable, with more sugarcane derived to sugar production
17
Increased volumes of own sugarcane
Support from controlling shareholder Tereos for growth strategy
18. Thank You!
phone: +55 (11) 3544-4900
e-mail: ri@aguarani.com.br
website: www.acucarguarani.com.br/ir
Jacyr S. Costa Filho
CEO
Reynaldo F. Benitez
CFO and Investor Relations Officer
Alexandre L. Menezio
Investor Relations Manager
Felipe F. Mendes
Investor Relations Analyst
Renato N. Zanetti Neto
Investor Relations Analyst