SLC Agrícola (SLCE3) Conference presentation summary

Business overview and operations

• Operates large-scale farms in eight Brazilian Cerrado states, producing cotton, soybean, corn, seeds, and cattle for various industries.

• Portfolio includes 26 farms with 830,000 ha planted for the 2025/26 crop year, with 65% of area leased or in joint ventures.

• Crop portfolio is diversified: 51% soybean, 23% cotton, 19% corn, and 7% other crops by planted area for 2025/26.

• Cattle integration and seed operations contribute to revenue and sustainability.

Market and crop outlook

• Soybean, corn, and cotton prices are stable to slightly rising for 2026/27, with global supply-demand dynamics influencing trends.

• Planted area is forecast to grow 12.8% in 2025/26, with yield improvements in soybean and cotton, but a slight decline in corn yield.

• High hedge coverage for 2025/26 crops, with 79% of soybean and corn and 74% of cotton production hedged.

• Inputs and fertilizer purchases are well-advanced for 2026/27, with 100% phosphate and 85% potassium chloride secured.

Financial performance and capital structure

• Adjusted EBITDA for LTM 1Q26 reached R$2,416M with a margin of 29%; net profit at R$938M and net margin of 13%.

• Net debt/EBITDA increased to 2.72x in 1Q26, with total adjusted net debt at R$6.56B.

• Debt profile is long-term focused (81%), with a diversified funding base and strong cash position.

• Net asset value per share is R$27.55, with a total NAV of R$13.7B as of 1Q26.