BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (NYSE:LND) Q3 2023 Earnings Conference Call May 10, 2023 1:00 PM ET
Company Participants
Ana Ribeiro - Head, Investor Relations
André Guillaumon - Chief Executive Officer
Gustavo Javier Lopez - Chief Financial Officer
Conference Call Participants
Pedro Fonseca - XP
Henrique Brustolin - BTG
Ana Ribeiro
Good afternoon. We are here for our conference call for the earnings of BrasilAgro. We will be talking about nine months that ended on March 31st, representing Q3 of the year that ends on June 30. And I am here with our CEO, André Guillaumon; and our CFO, Gustavo Javier Lopez.
And the announcements, if you wish to ask questions, please click on chat. If you want to send questions in writing, you can send through the platform. We are all connected. For those who are hearing us in English, the presentation is available in the chat in the English version.
Once again, thank you for participating and I will pass the floor to André to begin to talk about what happened in this quarter. Thank you. Okay, André, you have the floor.
André Guillaumon
Thank you, Ana. Good afternoon. Once again, a great pleasure to be with you and share with you this -- it’s always complex to understand an agro company every quarter. It’s good to see the whole year. But, yes, we have the quarterly calls.
We will talk about what happened in the quarter, how the company is evolving in terms of operations, people development, all the points we have been talking about and to leave a lot of time for questions.
So let’s go on to the first page. First nine months, net revenue, R$663 million, R$25 million in net profit, adjusted EBITDA, R$168 million, operational revenue in here the harvest, practically 100% of soybean in Brazil, we have some 203,000 tons in Brazil, Paraguay and Bolivia.
And although it’s in the beginning of April, we did an important sale of farms, the remaining part of Araucária Farm and this when we show the numbers, you will see this in the annual numbers and this will certainly place the company having expressive excellent results.
Going on to the next page, a little more color on this topic. Well, just a little more detail. Here, we have two sales. We sold the remaining part and I’d like to explain why such a great difference in price. One of these is a lower area with a lot of sand, which had sugarcane and you have also the areas that are mixed, intermediate and lower areas.