you, following the like of I the participants Gustavo. in Thank results are thank the believing company. who us all the Thank would with always company, Ana. you, to And
seeing previous very year We restrictions, higher pandemic for QX. is will that this Brazil. Ana with we this year And as be said, first It’s two a this more Agro in So it’s hope calm positive quarter. is, are than year the as costs. our
As I and but we there's chat lot trends, we this clarify to during our always see, say, while will today. some already see a
We So participation. as always, free ask feel forum. to wanted to questions, this have participate to
the to the the highlights. Okay, the highlight, And always, is This presentation. we first as go have slide. first let's
highlights, We have real financial estate. operational and
quarter profit had BRL In Later details. closes finance, XXX.X give you we that the company We EBITDA adjusted results. BRL million, more know net terms last the XXX we XX will year, were million, spectacular on, of million. BRL
of tons operations, X.X We sugarcane. planting terms of soybean. In began million
for time, been XX% business of our Goias. planted, Grosso already We The investor. the identifying will soybean market, in our in profitability real companies selling And especially Mato the climate opportunities and in of have estate, all is like say, has stable. terms and we buying bring we're that
in So like we'd we movements. this quarter, two -- had
land. sale, region pasture. we let's and you first a Grosso. Then a raising details. they all area producers into It wasn't great this very large Their XX,XXX operation a Panamby. This XXX.X second was on were also talk region BRL ago, on, very focus. a give million. is pasture, cattle Later in to agricultural this planted. in a the X,XXX a which has about transform good Panamby. here, a a farm more hectares happy. the of past the Well, And Fazenda area, years sale believe in is are and transformed with Panamby into land. very potential this region X-XX Paraguay. our focus is in Mato is made hectares, acquired It's of they It productive we estate so It is night, we yesterday we and favorable, a sale. fraction which main purchase very purchased their right, real crop. in We And in had And will announced that first we the Paraguay. We're it we for agricultural
announced member way. in Our timid we here this a forum, in
example, different. to that Jatoba farm that not when the and had first we in hectares land Paraguay, farm, announce came it's XXX a we of agricultural selling large were For
be hectares We're a of And more We year, and will XX.X%. had there aspects. hectares in cotton. still been that this next one of we transformed And see area We've and whole of XXX We some part drought reinforce be region XX.X% we million. first -- economically lot The now very soybean producing. has operation. TIR year, it but also planting reals, useful an the this X, first We have years. We X hectares. production, we affected that in We years more planting to selling Last Paraguay. should potential. feasible. in I hectares. Paraguay analyze a cotton sold we It's to if still. the return. and see harvest. for was And spectacular had we have X here of the began to plant increase $X.X cotton. some shows here XXX is XX,XXX years a There cotton the of XX,XXX with was little it group than of one This have cotton were here,
is this -- this. this company this is backdrop. shows And Gustavo will is region. talking these a this being the here that efficient be these it there liquidity profitabilities in shows about Well, with So opportunities. shows in capturing
have been this now in this a We showed have and showing it. graph graph, we on past the we scale larger reduced
and reasons. a pandemic, the see to product the linked discussed numbers shown produce this a then a lower year, we the high needs to that beginning interest effect was sugar confined now This on the due So China raising corn, suffered issue. when in the know fertilizer. we television, very of with we with remind the XXX. we volume. began harvest while has price number XX. tax competitiveness well, to impact due scenario and be food, X,XXX, a corn, like would price, of beginning the of BMF the on And soybean to gasoline. had little a that on a ethanol strong the possibility began recurring more fertilizers due its the the smaller. Cattle recession, look of We're removed this Cotton, during we in ethanol. the how country I'd at recently We more focused than in showing short back have term, Well, there the about at to our deal GDP the that the to a ethanol. of the but volume would that changes cattle to agriculture volume here the XXX, exports Consecana, a worldwide -- a also XX% will media soybean Ethanol, war, of This we picture last And XXX, we high. and the rates. due crop of talking that line, believe now you is so question had same the the of you an were drop this little
fertilizer. we many the calls, We bought during So advance in advance. purchased fertilizer in
on bought space. We with the it war. before drop. were and the we phosphate. fertilizers Ukrainian bought gas depends the later. we downs. Fertilizers, and was Then price embargoes price phosphate of the So of to continued ups Europe natural There there And in and bought fertilizer with chloride, we nitrogenated, purchased
look we the price, here when average at we price. So the see
fertilizers XXX. These XXX. chloride, large crop. It's our use the plant then planted X,XXX. began And important fertilizer stress, we dropping used prices same, I of to areas thought said, have when it volume these normally This to had are we a began We we area. a historical to prices and at deal. at $XXX in be Today, we a July in XXX. So lot. bought in the seeing second at the when good we're past. look XXX, as was And now We
large had buyers XX, until make deadline a we XXXX volumes the decisions So of because Also XX, to July. tons. were
this before. You can't a buy week
So uncertainty. advance. was in Everyone There bought. say a decisions. we I that would we bought bad great more than made decisions better
the pie you see here, So chart.
have graph we second the the And inputs. winter delivered. say When XX% second second We campaign, basically we're volume already crop we the February-March. shows still bought prongenated about XX% in talking X%, have sugarcane the also And below bought to in the campaign. not be and crop,
many reached fertilizer, So recently, been delivery. being also high XX% has were blocked, problems but more I the saw with we're with there tell already not considered delivered. volumes. roads you but delivery can a And we only that And
reinforce is All there was others cost, Xingu. but finished the graph you combination always This to deficit I best we're units have geographic So the that fertilizer as In year important. are shows to planting the their planting, here, Well, no this company, here with revenue we planting have it of say, and our try in diversify. unit. in They have guaranteed. distribution. with volatility. we This was any a we fertilizer. very diversified. lot are And uncertainty of agriculture, always a have they And
times. So climate can when In an Grosso. with saw, of in example, diversity, also logistics important corns in higher. have the Mato many Mato you comparison attenuate Grosso via for terms We Mineiros you in this advantage problems
of areas the [indiscernible], areas in in we West, efficient acquisition, too. partnerships. in So new hectares, some Xingu, very its The X,XXX contracts. in a Xingu we We the the to Grosso, have with Comodoro, included company acquisition Mato was region leasing diversified other
efficient. was the very So company
land the our we while the you're leased As year, you last here combination know year, in efficient of company but say, last land. last sale -- the the although assets. how with And own was always talking selling during the about QX, in
operational being portfolio, always the do that has and cultivating our cotton. where result, year, This see So It the a leasing pie the to our volatility? volatility. year we're the cash, that We area. can Agriculture corn, has at for bring chart important. business production. have the lot planted know diversification here pie very shows breakdown the represents able is we beans, chart, an sugarcane Looking land, we of enormous of investors. area crops to this foreseeability for in volatility. own our How of stability attenuate after right this also this and And trying grow on the is with you soybean,
stability And is I with always being estate balance these stable our real X that focused Leased the own this results brings estate real in and in also strategy. say leased and always we cost strategies, areas. and a of results. So results. the land is fundamental. lowering in were areas land combination operational it, winning more the us see way important gains Enabling the giving
this it company, a be we're strategy adapting and inside here, to Congratulations. the efficient. for So calibrating always strategy, is graph. strong Well it this new
not see main then crops, we to helps are the seasonality. we're also placing and this commercial have in to Here from We us doing. graph here, another, And what quarter see the and we better careful one beginning were understand to results better we the harvest. using factors. This of where better are only planting,
harvest we explain. you is doesn't sell it There in seasonality, QX. you're to but when example, in For going mean QX, will
We're Bahia. little November, the beans, began we plant In As percent week a the XX-plus already planting corn. happens in summer The of we talking of X the next occasions. also about will Bahia. cotton beginning we begin have to I begin said, corn on planting planted. crop, in We This now, second cotton. soybean,
in We of we December. And plant continue Grosso. cotton the January, until middle crop in Mato second
about large all there's a that is news. always the have La produces This talk a always So business characteristic and we're because Nina We round. the call, say, When climate, climate good in dynamic very in previous monitoring the and mentioned us we a that becoming I the favors challenge, always region we it affects year weaker. this it's Brazil.
weak plant La rain. year, next the La and El Well, Nina, of calendar ideal under the in Nina anticipates would Nina what La Why? semester year. We Nino. be Nina. first of the effect a had semester first to the So the La
So when period. you have longer Nino, you have El rainy
Brazilian Brazil. in love agriculture helps always this this. and larger farmers becomes season rainy the So
sugarcane So harvest the better have you until in with June. April-May situation that develops
So also we're very planting that pasture us. a We plantations year, raising, next and is here a we're land. more for highlight for -- and have And is situation it's we telling believe transition year more that a you this rainfall. normal for into always will I -- positive for us. are is agriculture Well uniform neutral Brazilian summary. cattle transformed land we agricultural
land If pasture agricultural volatility the a transform X years. you transform lot in of a you lot first you land, have if of -- into
very to years being So value and we profitable, portfolio, risk excellent last of an the the have raising. it from apart mitigates cattle we been the attenuate everything used that this cattle with In raising, activity helps has volatility. seen, also few
very of number I'll the grams. XXX of and explain. for Close the cattle, -- is grams pasture first GMD weight X little gain what months, It's a gain of positive had for the XXX in This us. land. heads average here is and Here us we
The we first dry September, July, is up quarter don't is have much made there pasture. August -- and too months, of where
well, just So an monitoring company position. here, expressive between reinforce always we're to today and difference and although again, the actual a has graph profitability. estimated The shows believe I
is We farms have from This receivables picture of a sold. our situation.
soybean efficient effective with of selling XX% X.X%. exchange from farms Soybean in XX% very receivables sold here, an XXX, was company the sold, rate
sold already the all Now when the second harvest have and practically look at we 'XX-'XX, we harvest.
Cotton, XX% the the have company also has corn We sold. of hedged.
XX.XX% like a Here, sold XX% and now case that this company you the of we ethanol higher can XX%, at He with cotton you new an at product, for we suffered to rain, have of here. to the Well, we Gustavo. a pass hedging price. XX.XX%. cubic the revenue. average but explain some of almost price, price When spot In sold a hedge in at ethanol, has changes look meter effective in sold position Mato price hedge, an of have X,XXX, It's and and the we I'd see XX% ethanol, cotton. at floor crop of have, lot, distribution percentage the made Grosso, will a the been that
the have you Gustavo, floor. Okay,
