BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (NYSE:LND) Q2 2024 Earnings Conference Call February 9, 2024 8:00 AM ET

Company Participants

Ana Paula Zerbinati - Investor Relations & Capital Markets Head

André Guillaumon - Chief Executive Officer

Gustavo Lopez - Chief Financial Officer & Investor Relations Officer

Conference Call Participants

Pedro Fonseca - XP

Henrique Brustolin - BTG Pactual Bank

Ana Paula Zerbinati

We are here for our Conference Call for Results Presentation for another Semester, First Six Months 2024. Thank you for participating. Thank you for waiting. We're a little late. It's always good to remember that our year at BrasilAgro goes from July to June. So, we will be covering the first six months ended December 31st, first six months. [Operator Instructions]

Now, I will pass the floor to André. And we will begin our call. Thank you.

André Guillaumon

Thank you, Anna. I would like to thank all the participants once again for with us investors, analysts, all those who follow us and thank you. We will try to go over the presentation quickly to leave a lot of time as much time as we can for the Q&A session which is very good for both sides.

I would like to begin with the highlights of the first six months BRL424 million in revenue, net income BRL24 million -- net revenue BRL424 million. Then operational we will give you data in detail. It's been a challenging year in terms of production. We will say how we did, how things came out, and how we're making progress in the harvest the delivery of 2 million tons of sugarcane, once again being strong as a large producer of sugarcane. So, it's going to be a very productive call.

Next please -- next slide. Well, here I'd like to call your attention. When we look at our CAGR, our growth, our growth was 3%. But what I'd like to call your attention to is that in the last years, in spite of being company that sold a lot of land, we were able to continue to grow the planted area. So, we see -- we had important operations and we have been able to maintain the planted area. So, we will work.

We expect the CAGR, 8% to 10% a year. We are going to work for this. But in the last few years, due to price and everything else, we were more sellers and we had good prices to sell land. We leased some land, but it's important to say that it's a growth series and now, we sold a lot of land in the last few years.