BrasilAgro Companhia Brasileira de Propriedades Agrícolas : 4Q23 Results Presentation
September 06, 2023 at 08:58 am EDT
Share
4Q23|2023
RESULTS PRESENTATION
September/2023
André Guillaumon
Gustavo Lopez
Ana Paula Zerbinati
CEO
CFO & IRO
IR and Capital Market
Head
HIGHLIGHTS 2023
Financial
R$1.4 billion
of net revenue
R$268.5 million
net income
R$533.7 million
Adjusted EBITDA
Operational
2.3 million tons of
production in the 22/23 harvest.
Real Estate
We sold over 9 thousand
arable hectares in areas
totaling R$610 million.
2
FARM SALE
Morotí
Farm
Nov/2022
Area:
863 ha (498 arable ha)
Sale value:
US$1,5 million
IRR
Duration
27,9%
0,90 anos
Rio do Meio
Farm
Nov/2022
Area:
1.965 ha (1.423 arable ha)
Sale value:
R$62,4 million
291 soybean bags/ha
IRR
Duration
52,4%
2,38 anos
Jatobá
Araucária
Farm
Farm
Jun/2023
Apr/2023
Area:
Area:
4.408 ha (3.202 arable ha)
332 ha (215 arable ha)
Sale value:
Sale value:
R$121,9 million
R$8,5 million
298 soybean bags/ha
297 soybean bags/ha
IRR
Duration
IRR
Duration
16,0%
2,79 anos
13,6%
2,07 anos
Araucária
Farm
Apr/2023
Area:
5.185 ha (3.796 arable ha)
Sale value:
R$409,3 million
790 soybean bags/ha
IRR
Duration
14,5%
1,99 anos
We sold more than 12 thousand hectares (9,134 arable hectares) in areas totaling R$610 million (R$445 million present value).
In the last 5 years, the average farm sale value is R$269.2 million, with unleveraged IRRs between 13.6% and 56.5%.
3
PORTFOLIO
4
Portfolio Market Value
Evolution of Portfolio Market Value
(R$ thousand)
June 30, 2023
Book
NAV
BrasilAgro's Equity
2.197.142
2.197.142
Properties appraisal¹
2.867.834
(-) Balance Sheet - Land Value (Investment Properties)
(1.252.712)
NAV - Net Asset Value
2.197.142
3.812.264
Number of Shares Outstanding
102.377
102.377
NAV per share
21,46
37,24
+52%
Upside potential
R$ 2,5 bi
R$ 3,8 bi
R$24,32/share*
R$37,24/share
*cotação em: 30 de agosto de 2023
Market value
NAV
*Closing price September 5, 2023.
+26%
3.560
3.444
897
2.816
269
Farm
Acquisiton
2021 Deloitte Avaliation
Area Sales
2023 Total Portfolio
2023 Deloitte Avaliation
25.465
22.948
11.488
12.697
3,3
3,4
3,3
3,6
3,1
1,5
1,5
1,6
1,9
1,3
17/18
18/19
19/20
20/21
21/22
22/23
Internal (R$ bi)
Deloitte (R$ bi)
R$/ha (internal)
R$/ha (Deloitte)
INVESTMENTS
TECHNOLOGY
INFRASTRUCTURE
AREA
TRANSFORMATION
per region
Field Monitoring
Project
Irrigation Project
Bahia
3.800 ha
Connectivity Project
Connectivity
Seeding
Seeding Project
Construction
Mato Grosso
Area Transformation
7.900 ha
5
Attachments
Original Link
Original Document
Permalink
Disclaimer
BrasilAgro - Companhia Brasileira de Propriedades Agrícolas published this content on 06 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 September 2023 12:57:03 UTC.
Brasilagro Companhia Brasileira de Propriedades Agricolas is a Brazil-based company focused on the acquisition, development and exploration of rural properties suitable for agricultural activities. The Company seeks to transform their acquired properties through investments in infrastructure and technologies which permit cultivation of high value-added crops, such as soybean, corn and sugarcane as well as cattle raising. Brasilagroâs activities are divided into six business segments: Real Estate, that presents the Profit and Loss (P&L) from operations carried out in the Companyâs subsidiaries; Grains, a producer and seller of soybean, corn and bean; Sugarcane, a seller of raw product; Cattle Raising, which produces and sales beef calves after weaning; Cotton, a producer and seller of cotton lint and seed as well as the Other segment. The Company has several subsidiaries including Imobiliaria Mogno Ltda, Agrifirma Delaware LLC and Agrifirma Bahia Agropecuaria Ltda.
BRASILAGRO - COMPANHIA BRASILEIRA DE PROPRIEDADES AGRÍCOLAS 
