BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (LND)

BrasilAgro - Companhia Brasileira de Propriedades Agrícolas ( LND ) Q1 2026 Earnings Call November 7, 2025 8:00 AM EST Company Participants Ana Paula Zerbinati Gama - Investor Relations Manager & Institute Director André Guillaumon - CEO & Member of Board of Executive Officers Gustavo Lopez - CFO, Investor Relations Officer & Member of Board of Executive Officers Conference Call Participants Pedro Fonseca Presentation Ana Paula Zerbinati Gama Investor Relations Manager & Institute Director Hello. Good morning.

BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (NYSE:LND ) Q4 2025 Earnings Call September 4, 2025 9:00 AM EDT Company Participants Ana Paula Zerbinati Gama - Investor Relations Manager & Institute Director André Guillaumon - CEO & Member of Board of Executive Officers Gustavo Lopez - CFO, Investor Relations Officer & Member of Board of Executive Officers Conference Call Participants Thiago Duarte - Banco BTG Pactual S.A., Research Division Pedro Fonseca Presentation Ana Paula Zerbinati Gama Investor Relations Manager & Institute Director Good morning, everyone.

BrasilAgro is a financially healthy Brazilian agriculture company with industry-leading margins that has historically been a solid compounder. The stock is currently fairly valued as its growth potential is balanced by a high degree of volatility from commodity prices and currency fluctuations. The company's performance is heavily influenced by a combination of Brazilian politics, interest rates, exchange rates and China's demand for agricultural exports.

BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (NYSE:LND ) Q3 2025 Earnings Conference Call May 8, 2025 9:00 AM ET Company Participants Ana Paula Zerbinati - IR & Capital Market Head André Guillaumon - CEO Gustavo Lopez - CFO & IRO Conference Call Participants Pedro Fonseca - XP Guilherme Guttilla - BTG Pactual Bruno Tomazetto - Itaú Ana Paula Zerbinati Good morning, everyone. We are here once again to disclose our earnings for BrasilAgro.

I am upgrading my recommendation on BrasilAgro shares from Hold to Buy due to the US-China Trade War creating a significant opportunity. BrasilAgro's resilient business model and solid financial health make it less dependent on climate events compared to peers. The company acquires, develops, and sells farms, reducing exposure to climate problems and enhancing asset value.

BrasilAgro - Companhia Brasileira de Propriedades Agrícolas's Q2 2025 results were mixed, with strong sugarcane performance offset by challenges in soybeans and large FX derivative losses. Sugarcane harvest was positive, with increased yields and favorable pricing, while soybean and corn outlooks remain uncertain. Operational adjusted EBITDA margins improved to 20%, but high depreciation and interest costs led to continued negative operational net income.

BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (NYSE:LND ) Q2 2025 Results Conference Call February 7, 2025 8:00 AM ET Company Participants Ana Paula Zerbinati - IR & Capital Market Head André Guillaumon - CEO Gustavo Lopez - CFO & IRO Conference Call Participants Pedro Fonseca - XP Bruno Tomazetto - Itaú Thiago Duarte - BTG Ana Paula Zerbinati Good morning, everyone. We are here for another Earnings Call at BrasilAgro to disclose our Second Quarter of our Harvest Year '25-'26, which represents the First Half of the Year.

BrasilAgro's 1Q25 results show improved margins in soybeans and sugarcane, but operational profits still don't cover D&A and interest. The sale of the Taquari farm generated significant gains but reflects a strategy of selling assets in a weak market. Hedging at challenging BRL exchange rates could negatively impact margins, despite pre-purchasing 85% of fertilizers.

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.

BrasilAgro's investment thesis faces challenges due to low commodity prices and difficulties in acquiring land, impacting its dividend sustainability and growth prospects. Despite weak recent earnings, strong cash generation and strategic land sales have supported dividends, but future yields remain uncertain. The company's valuation remains attractive, trading below its Net Asset Value, offering a potential entry point for long-term investors.

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.

BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (NYSE:LND ) Q3 2024 Earnings Conference Call May 9, 2024 9:00 AM ET Company Participants André Guillaumon - CEO Gustavo Lopez - CFO and IR Officer Conference Call Participants Pedro Fronseka - XP Unidentified Company Representative Good morning, everyone. We're here for another earnings call from BrasilAgro Third Quarter Meeting January to March 2024.

BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (LND) Q2 2024 Earnings Call Transcript

BrasilAgro should report a lower yield due to challenging factors in the 2022/23 harvest, but maintains a positive outlook for the future. The company's strategy revolves around efficient real estate transactions and profitable agricultural production, with an emphasis on mitigating risk. Despite dividend concerns and market fluctuations, BrasilAgro remains an attractive option for income-oriented investors, with the potential for strong returns and appreciation in its stock value.

BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (NYSE:LND ) Q4 2023 Earnings Conference Call September 6, 2023 9:00 AM ET Corporate Participants Ana Paula Zerbinati - Investor Relations and Capital Markets Head André Guillaumon - Chief Executive Officer Gustavo Lopez - Chief Financial Officer & IRO Conference Call Participants Pedro Fonseca - XP Henrique Brustolin - BTG Pactual Ana Paula Zerbinati Good morning. We would like to begin our conference call for the earnings of the full year 2022/2023, which ended on June 30.