BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (NYSE:LND) Q4 2024 Earnings Conference Call September 1, 2024 9:00 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

Ana Paula Zerbinati

[Interpreted]

Good morning to all. We are here for our call at the end of the year for 2023-2024. As you know, our year goes from June, July and we are here to talk about Q4 and closing of the year. I am here with André, our CEO and Gustavo our CFO.

For those who are following us in English, the presentation is available in the chat at the end, we will have a Q&A session. So you can make your question by audio or send by chat.

Thank you. Good morning and now I pass the floor to André.

André Guillaumon

Thank you, Anna. Good morning to all of you. It’s a great pleasure once again to be with you with our annual results. We will comment about the year, the problems, the great objectives, and it was very challenging year for Agro business. Once again I reinforce that the combined strategy of the company with real estate and operations has been a winning strategy.

The company’s capacity, the resilience, the company has to deliver combined results both operational and real estate results. The great highlight of the year was this and we will talk a little about production, we will talk about climate, many things here with you, but what I would like to really stress is that the company in fact consistently has been delivering its strategy through operations and real estate results.

This has been done during the years with a lot of capacity and has brought good returns to our shareholders, investors. So I would like to begin, let’s begin with the first page and where we see here the highlights of 2024. It’s a financial highlight R$1.1 billion in net revenue. We have a net profit for the year R$227 million and adjusted EBITDA, I always like to show this slide R$279 million and dividends that will be proposed for the shareholders assembly around R$155 million.

All these numbers show a little of what we have said it’s a company that has the ability, the capacity to combine a real estate strategy with operation strategy enabling us to generate its results and enabling us to really pay dividends to the shareholders that trust the company’s management.