SLC records record EBITDA of R＄ 1,2 million in 1Q22

SLC Agrícola released to the market this Wednesday (12/05) the results for the first quarter of 2022.

Adjusted EBITDA in the period reached a record mark for the period of R＄1,259 million, with growth of 176,5% and expansion of 15,2 p.p. in relation to 1Q21. Net Profit grew by 152,9%, ending the period at R＄797 million, with a net margin of 33,1%. The main factor that contributed to the variation in Adjusted EBITDA and Net Profit was the improvement in margins and the greater volume shipped of cotton and soybeans.

Net Revenue in the quarter grew 96,3% compared to the same period of the previous year, substantially due to the increase in unit prices billed for all crops. Additionally, there was a higher volume invoiced for all crops, with emphasis on soybeans, due to the company's sales strategy and the cotton balance from the previous harvest.

Another important indicator in the quarter's performance was the cash generated of R＄449,3 million, mainly due to the higher volume billed in the period. This variation contributes to the drop in the net debt/Adjusted EBITDA ratio, which ends the quarter at 0,75 times, that is, the Company continues to have a low leverage level, which allows it to maintain its focus on the growth plan.

The planted area for the 2021/22 harvest was 672,4 thousand hectares, an increase of 45,2% compared to the previous harvest.