BRASIL ECODIESEL S.A.
BRASIL ECODIESEL S.A.
NBome
Investor Relations
& Business Development
BRASIL ECODIESEL S.A.
Brazilian Biodiesel Market
The Company
Strategy
Results – 1Q10
Perspectives
BRASIL ECODIESEL S.A.
Brazilian Biodiesel Market
The Company
Strategy
Results – 1Q10
Perspectives
BRASIL ECODIESEL S.A. | Brazilian Diesel Market - What is Biodiesel?
Key Factor of Success:
technology or raw material?
Technology
Raw Material
“Our goal is to achieve the highest standard
quality in large scale production using
different vegetable oils!”
BRASIL ECODIESEL S.A. | Brazilian Diesel Market
Brazilian Diesel Market (‘000,000 m³)
Diesel is the main Brazilian
fuel, 42% of all oil derived
fuels and more than 50% of
transportation fuels.
Domestic market extremely significant,
favoring the development and consolidation
of the sector.
Source: National Agency for Petroleum, Natural Gas and Biofuels – ANP.
(*) 2009 Forecast
BRASIL ECODIESEL S.A. | Brazilian Diesel Market – National Biodiesel Program
Biodiesel Law: Mandatory
use to increase production
Current blend percentages are only the
initial stimulus.
Higher blends are already feasible in
engines.
2010 on
Jul/09 – Dec/09
Jul/08 – Jun/09
Blend: min. 5%
Blend: min. 4%
Blend: min. 3%
1st Sem/08
Blend: min. 2%
2005 – 2007
Blend: up to 2%
Production growth shows the
success of the program
Source: ANP.
(1) Forecast considers B5 in 2010.
BRASIL ECODIESEL S.A.
Brazilian Biodiesel Market
The Company
Strategy
Results – 1Q10
Perspectives
BRASIL ECODIESEL S.A. | The Company- Brasil Ecodiesel on the map
Brasil Ecodiesel on the map
Biodiesel Plants
Farms
BRASIL ECODIESEL S.A. | The Company – Board of Administration and Officers
Board Members
Name / Position
Main Executives
Age
Name / Position
Age
Carlos Antonio Rocca
Chairman and Independent Board Member
69
Mauro A. Cerchiari
Chief Executive Officer (CEO)
56
Joel Mendes Rennó
Vice-Chairman
72
Charles Mann de Toledo
Investors Relations and New Businesses Officer
51
Mauro Fernando Maria Arruda
Board Member
63
Eduardo de Come
Chief Financial Officer (CFO)
44
Silvio Tini de Araújo
Board Member
63
Guilherme Augusto Raposo
Operations Officer
43
Jose Ferraz Ferreira Filho
Board Member
63
Expedito Parente Júnior
Industrial Officer
29
Marco Antonio Moura de Castro
Board Member
56
Wagner Pinheiro de Oliveira
Independent Board Member
47
Corporate Governance

All common shares with equal voting rights

Tag-Along of 100%

None of the board members are executives

Active Fiscal Council
BRASIL ECODIESEL S.A. | The Company - Restructuring
Recent Past - Restructuring
BRASIL ECODIESEL S.A. | The Company – Fulfillment of Contracts Evolution
Fulfillment of Contracts with Petrobras
BRASIL ECODIESEL S.A.
Brazilian Biodiesel Market
The Company
Strategy
Results – 1Q10
Perspectives
BRASIL ECODIESEL S.A. | The Company – Strategic Direction for the next 5 years
Biodiesel Scenario:
Strategic
Direction
“Higher demand for
biodiesel , more control of
vegetable oil supply, and
less interference of the
government.”
STRATEGIC
EQUITIES
Long Term


Viability studies of Jatropha Curcas
plantations in BA, MS and other
locations.
Reallocation of Floriano and Crateús idle assets
and the crushing units equipments from Porto
Nacional

Search partners for the development
of R&D in the agricultural area
Activate Iraquara and São Luiz Gonzaga’s
crushing units.

Project to improve industrial efficiency

Social Fuel Stamp (Selo Combustível Social) work with more advanced forms of Family
Farming organizations

Search for long term financing
Search for alternative raw materials


OPERATIONAL
FIXED
INCOME
Short Term

Search for raw material supply partnerships for
the short and medium terms.

Corporate Restructuring – Headquarters and
organizational

Redefinition of the Corporate Image

Creation of the Company’s industrial R&D

Monitoring M&A opportunities in the market
DIVESTMENT
SERVICES
Idle Assets

Selling our farms in Piauí, Ceará and Minas Gerais
states

Selling of Crateús crushing unit
BRASIL ECODIESEL S.A.
Brazilian Biodiesel Market
The Company
Strategy
Results – 1Q10
Perspectives
BRASIL ECODIESEL S.A. | Results –
2009 Highlights
 Net Revenue of R$149.4 million and Adjusted Net Revenue(*) of R$138.5 million in 1Q10
 Net Income of R$14.3 million with EBITDA of R$23.4 million
 Adjusted Net Income(*) of R$7.5 million and Adjusted EBITDA(*) of R$12.65 million in 1Q10
 EBITDA Margin of 16.9% and Adjusted EBITDA Margin(*) of 9.1% in 1Q10
 Reduction in indebtedness from R$66.5 million (4Q09) to R$65.8 million (1Q10);
 Increase of 29.7% in net cash, from R$37.3 million (4Q09) to R$48.2 million (1Q10);
 Announcement of the Company’s strategic positioning for the next 5 years
BRASIL ECODIESEL S.A. | Results– 4Q09 Results
(*) Excludes non-recurring revenue in the amount of R$10.8 million, resulting from accumulated ICMS tax benefits,
pursuant to CPC07 (see Explanatory Note 22 to the Financial Statements).
BRASIL ECODIESEL S.A. | Results – Revenue, Costs and Expenses
(*) Excludes non-recurring revenue in the amount of R$10.8 million, resulting from accumulated ICMS tax benefits,
pursuant to CPC07 (see Explanatory Note 22 to the Financial Statements).
BRASIL ECODIESEL S.A. | Results – Debt position
BRASIL ECODIESEL S.A. | Results – Net Profit
(a) Excludes other expenses not directly related to operating, non-recurring expenses and Strategic Rerouting Adjustments in the
amount of R$93.15 million (see Explanatory Note 24 to the 4Q09 Financial Statements).
(b) Excludes non-recurring revenue in the amount of R$10.8 million, resulting from accumulated ICMS tax benefits, pursuant to
CPC07 (see Explanatory Note 22 to the Financial Statements).
BRASIL ECODIESEL S.A. | Results – EBITDA
(a) Excludes other expenses not directly related to operating, non-recurring expenses and Strategic Rerouting Adjustments in the
amount of R$93.15 million (see Explanatory Note 24 to the 4Q09 Financial Statements).
(b) Excludes non-recurring revenue in the amount of R$10.8 million, resulting from accumulated ICMS tax benefits, pursuant to
CPC07 (see Explanatory Note 22 to the Financial Statements).
BRASIL ECODIESEL S.A. | Results – Prices and Financial Volume Evolution
Price Evolution
Ibovespa x Ecod3
(100 basis in Jan/09)
Financial Volume
Ecod3
(in million reais)
12 M Average – R$38million
BRASIL ECODIESEL S.A. | Results – Market Cap and Shareholding Structure
Market Cap:
Shareholding Structure (%)
(05/10/2010)
(03/31/2010)
R$ 761,511,163.35
Number of Shares:
725,248,727
Number of shareholders: 26,385
BRASIL ECODIESEL S.A. | The Company – Index and ETF
Participation in the main index/ETF:
PRESENT
•
•
•
•
•
•
•
•
IBOVESPA
IBRX50
IBX
IGCX
ITAG
SMLL
IVBX2
ETF – BlackRock (New York)
PERSPECTIVES
• Carbon Efficient Index
BRASIL ECODIESEL S.A.
Brazilian Biodiesel Market
The Company
Strategy
Results – 1Q10
Perspectives
BRASIL ECODIESEL S.A. |
Aggressive goals in
Europe are a future
opportunity for Brazilian
producers
International
Biodiesel
Market
Perspectives for the Brazilian Biodiesel Sector
Metropolitan
B20
100% increase in the current
biodiesel demand
(2.5 billion liters)
Perspectives
B20 until 2015
Diesel cars
Proposition already
approved by a Senate
Commission
UBRABIO
initiative
BRASIL ECODIESEL S.A.
BRASIL ECODIESEL S.A.
Investor Relations
NBome
Phone: 55 21 2546-5031
[email protected]
www.brasilecodiesel.com.br