BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (NYSE:LND) Q1 2025 Earnings Conference Call November 7, 2024 8:00 AM ET

Company Participants

Ana Paula Zerbinati - Investor Relations & Capital Market Head
André Guillaumon - Chief Executive Officer
Gustavo Lopez - Chief Financial Officer & Investor Relations Officer

Conference Call Participants

Pedro Soares - BTG
Gustavo Troyano - Itau
Guilherme Guttilla - BTG

Ana Paula Zerbinati

Good morning, everyone. We are gathered here together for an Earnings Call for BrasilAgro. And today, we're going to be presenting the earnings for the first quarter of the harvest year that just began in 2024 and 2025.

If you're keeping up with us in English just select the English option here. Also, the presentation is available on the website. Enjoy the call and thank you for your presence.

André Guillaumon

Good morning once again. Thank you for your participation. It's always a pleasure. I think both calls are really important. And we have the one that we start off with and the one that we wrap up the earnings in the year. And so in this first call, we have many important bits of news with numbers, showing a bit of the alignment the company has been designing for 2024, 2025, which no doubt we hope will have a bit less climate challenges and a bit more of the commercial challenges when it comes to commodities. And so no doubt at all, the company will have to demonstrate resilience as they share these results.

And so, how we see this and also, a net income in the first three months of BRL 97.5 million. Then in sequence, we're going to get into a bit more of this the net income and adjusted EBITDA that come from operational revenues that you'll see up ahead and part of them come from accountability of the Phase 2 of the Alto Taquari Farm. And so, this is an important point to highlight, because if you haven't been accompanying our earnings releases for quite a while, about two years ago we started important sales of this business unit and this business unit was occupied with sugarcane at the time.

So initially we delivered the areas that were already kind of reaching their full exhaustion and the newer sugarcane plantations we also now are transferring the ownership. And that's where we actually understand that we're also transferring all of the risks and the owners and bonus of the assets. And that's when we account this in our balance sheet and releases and earnings in the company. So we're going to show you what the sales were like here.