I Q 2 0 2 2 C O N F E R E N C E C A L L

N o v e m b e r 1 5 , 2 0 2 1

Hosted by:

  • Alejandro Elsztain, CEO
  • Carlos Blousson, Argentina General Manager
  • Matias Gaivironsky, CFO

IQ22 & SUBSEQUENT MAIN HIGHLIGHTS

  • BEGININNING OF 2022 CAMPAIGN

SIMILAR SIZE THAN PREVIOUS 2 CAMPAIGNS

  • AGRICULTURAL SEGMENT

GOOD COMMODITY PRICES & HIGHER COSTS. IMPROVEMENT IN MARGINS / HA

  • STRONG FARMLAND LIQUIDITY IN BRAZIL

BRASILAGRO KEEPS SELLING FARMS AT HIGH VALUES

  • URBAN RENTAL SEGMENT, THROUGH IRSA, RECOVERING DURING THE QUARTER

STRONG LIQUIDITY FROM SUBSEQUENT PREMIUM OFFICE SALES

  • AGRIBUSINESS QUARTERLY EBITDA DRIVEN BY SUGARCANE ACTIVITY

HIGHER RESULTS FROM COMMERCIAL AGRICULTURAL SERVICES (THROUGH FYO)

  • NET GAIN MAINLY EXPLAINED BY GROSS PROFIT, FINANCIAL RESULTS & INCOME TAX, PARTIALLY COMPENSATED BY LOSSES FROM FV OF IRSA INVESTMENT PROPERTIES

ARS 2,040 MM ATTRIBUTABLE TO CONTROLLING COMPANY

2

EXPECTED PLANTED AREA

2022 SEASON

CROP BREAKDOWN

SOYBEAN

27%

CORN

264

46%

248

10

14

9%

SUGARCANE

212

213

3%

200

202

205

199

8%

WHEAT

183

179

101

OTHERS

142

141

82

139

49

2022 CAMPAIGN IN SIMILAR LEVELS THAN PREVIOUS CAMPAIGNS

260

262

11

14

Paraguay

13

14

Bolivia

106 111 Brazil

129

123

Argentina

FY 07

FY 08

FY 09

FY 10

FY 11

FY 12

FY 13

FY 14

FY 15

FY 16

FY 17

FY 18

FY 19

FY 20

FY 21

FY 22E

3

FARMING ACTIVITY

AGRICULTURAL OUTLOOK

SOYBEAN: US & the World Stock / Consumption ratio

35%

30%

27,7%

25%

20%

15%

10%

7,3%

5%

0%

93/94 94/95 95/96 96/97 97/98 98/99

99/00

00/01

01/02 02/03 03/04

04/05

05/06

06/07 07/08 08/09

09/10

10/11

11/12

12/13

14/15 15/16

16/17

17/18

18/19

19/20

20/21

21/22ant

21/22Act.

EE.UU

Mundo

Prom Mundo

Prom EEUU

CORN: US & the World Stock / Consumption ratio

Commodity Prices (CBOT USD/tn)

700

Current regional

+64%

(Jun 21 vs. Jun 20)

hedge position

600

533

Soybean: 56%

-17%

Corn: 51%

500

(Nov 21 vs. Jun 21)

+113%

440

400

SOYBEAN

325

(Jun 21 vs. Jun 20)

300

284

-23%

(Nov 21 vs. Jun 21)

200

CORN

219

133

100

11/19

12/19

01/20

02/20

03/20

04/20

05/20

06/20

07/20

08/20

09/20

10/20

11/20

12/20

01/21

02/21

03/21

04/21

05/21

06/21

07/21

08/21

09/21

10/21

11/21

REGIONAL CLIMATE CONDITIONS & SOWING PROCESS

35%

30%

25%

20%

15%

10%

5%

0%

93/94

94/95

95/96

96/97

97/98

98/99

99/00

00/01

01/02

02/03

03/04

04/05

05/06

06/07

07/08

08/09

09/10

10/11

11/12

12/13

13/14

14/15

15/16

16/17

17/18

18/19

S/C EE.UU

Mundo

Prom EEUU

Prom

25,4%

10,1%

19/20 20/21 21/22 Ant

21/22 Act

Mundo

Nov-21

Soybean

Corn

Wheat

Argentina 2% 12% 100%

Bolivia 64% 99% -

Brazil 40% 13% -

Paraguay

-

-

-

Total

23% 13% 100%

Region

4

FARMLAND SALES

Partial Sales

Rio do Meio (IQ 22)*

Alto Taquari (IIQ 22)**

Date of sale

September 2021

October 2021

Area (hectares)

Total: 4,573 ha

Total: 3,723 ha

Productive: 2,859 ha

Productive: 2,694 ha

Acquisition Price + CAPEX

BRL 40.0 MM

BRL 31.3 MM

Nominal Sale Price

BRL 130.1 MM

BRL 589.0 MM

IRR (BRL - USD)

56.5% - 40.3%

19.9% - 12.0%

*The sale will be recognized in IIQ22

**A fraction of 1,157 ha of the sale, for BRL 253 MM, will be recognized later, in September 2024, with the possession

MT

BA

Alto Taquari

Río do Meio

(Correntina)

5

Para continuar a leer este documento, haga clic aquí para la versión original.

Attachments

  • Original document
  • Permalink

Disclaimer

Cresud S.A.C.I.F. y A. published this content on 15 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 November 2021 14:04:14 UTC.