INSTITUTIONAL PRESENTATION. April 2016

Transcription

1 INSTITUTIONAL PRESENTATION April 2016

2 Cosan S/A Energy COMBUSTÍVEIS ENERGIA COMGÁS LUBRICANTS RADAR

3 COSAN S/A TODAY Cosan S/A is one of the largest Brazilian energy and natural gas companies... 33% 34% CSAN EBITDA % 28% 3% 2% 50.0% 50.0% 61.3% 100.0% 37.7% Combustíveis Energia Fuel Distribution Sugar, Ethanol & Cogenaration Natural Gas Distribution Lubricants Land Development R$ 2.5 bln* 28% R$ 3.0 bln* 33% R$ 1.5 bln 34% R$ 126 mln 3% R$ 106 mln 2% Energy and Gas (*) Note: Considering 100% of Raízen s EBITDA...with a clear focus on opperational efficiency and cash generation

4 Raízen A joint venture of Cosan and Shell, Raízen is the biggest producer of ethanol, sugar and bioelectricity generated from sugarcane bagasse and one of the largest fuels distribution company. COMBUSTÍVEIS ENERGIA COMGÁS LUBRICANTS RADAR

5 ENERGY FUELS THE EVOLUTION OF AS A JV Raízen was formed back in 2011 combining two very different companies with two very different business... Brand repositioning Logistics optimization Cost cutting Sustainable growth Conclusion of expansion cycle Operational efficiency Focus on returns five years later in a rather challenging business environment Raízen successfully developed a performance driven culture combining the best of its shareholders while refreshing the company with best practices and people.

6 COMBUSTÍVEIS FINANCIAL PERFORMANCE VOLUME GROWTH (Volume Bln/L) EBITDA EXPANSION (R$ Bln) Q14 4Q Q14 4Q15 NUMBER OF STATIONS MARKET SHARE (%) SHELL STATIONS B2B CLIENTS TERMINALS C-STORES BLN LITERS OF FUELS AIRPORTS 5,700 1, ,527 4,710 4,972 5,427 5, # of Sites m³/month /site 25% ULTRA BR Distr. ALE Source: Sindicom 2015

7 ENERGIA Raízen Energia s focus has been to improve efficiency. SUGARCANE CRUSHED (Mln tons) CAPEX (R$ Bln) Clusters Provide Key Advantages 62,0 GO 4.0 Mtc Jataí 3.0 Mtc Junqueira 1,8 Caarapó MS 2.1 Mtc 10.8 Mtc 10.5 Mtc 10.5 Mtc 11/12 12/13 13/14 14/15 15/16E 9M15 9M16 11/12 12/13 13/14 14/15 15/16E 9M14 9M15 EBITDA(R$ Bln) Sector Leadership 11.6 Mtc 11.6 Mtc Santos Port Market Share (Crushing 15/16) Center South of Brazil 3,3 5 IASF, Raf, UBR, USH, Copi Mills Crushing capacity Cogeneration capacity Sugar produced Ethanol produced Ethanol traded MM ton 940 MW 4.0 MM ton 2.0 Bn L 6.0 Bn L /12 12/13 13/14 14/15 15/16E 9M15 9M % 4 Paralcool, Taruma, Maracai, Ipaussu 3 Barra, DC, Diamante 5 Gasa, Univ, Dest, Mund, Ben 4 Bonfim, Tamoio, Serra, Zanin Out of Clusters

8 Comgás TECHNOLOGY AND MODERNITY FOR PROGRESS Comgás' concession area covers 177 municipalties of the State of São Paulo, representing 27% of Brazil's GDP and 35% of all power consumed in the country. COMBUSTÍVEIS ENERGIA COMGÁS LUBRICANTS RADAR

9 COMGÁS BRAZIL S LARGEST DISTRIBUTOR OF NATURAL GAS GAS BRASILIANO POTENTIAL POPULATION: 30,9 Mi RESIDENCES: 9,2 Mi OFFSHORE GAS PRODUCTION COMGÁS NATURAL GAS SPS VEHICLES: 12,3 Mi ADVANTAGES: CONCESSION AREA RECORD NEW CONNECTIONS 000 clients RESIDENTIAL COMMERCIAL INDUSTRIAL COGENERATION TERMOGENERATION AUTOMOTIVE 1.5 mln UDA s clients clients 28 clients 2 plants 276 stations Pipeline intersection (GASBOL, GASAN, GASPAL) 177 Municipalties (26% of Brazil s GDP) Short supply distance (Santos Basin) High demographic density 30-year concession renewable for 20 additional years Excellence on operational, safety and asset integrity 1, , , , , ,461 1,099 1,215 1,334 Customers New Connections

10 COMGÁS BRAZIL S LARGEST DISTRIBUTOR OF NATURAL GAS Volume (mm m³) Vol. per Segment (MM cbm) Gross Margin per Segment % 25% 4,835 5,259 5,457 5,459 5,211 5% 1,377 1, Q14 4Q15 81% 5% 7% 3% 61% 3% 9% Normalized EBITDA FIGURES (R$ bln) Industrial Automotive Residential Cogeneration Comercial 1,107 1,176 1,336 1,303 1,378 TOTAL: 4.3 billion cbm (excluding thermal generation) TOTAL: R$ 2.0 billion (excluding thermal generation) Q14 4Q15

11 Lubricants HIGH STANDARDS OF QUALITY AND TECHNOLOGY Cosan Lubricants produces over 2 million barrels of lubricants and specialty chemicals every year. COMBUSTÍVEIS ENERGIA COMGÁS LUBRICANTS RADAR

12 COSAN LUBRICANTS LUBRICANTS MARKET SHARE (%) VS. COMPETITORS FOTO MAIS LEGAL Mobil brand trademark license and distribution agreement (Brazil, Bolivia, Uruguay, Paraguay, England and Ireland) Comma brand focused on lubrication specialists and professionals for passenger vehicles, light and heavy trucks UK SPECIALTIES Key dimensions Base oils distribution contract with Exxon Mobil and S-Oil Production and distribution of additional automotive chemical products Bolivia Paraguay Uruguay Rio de Janeiro Port Plant or Depot Comma operations Distributors Source : Sindicom 2014

13 Radar RESPONSIBLE MANAGEMENT OF FARMLAND Biggest player in the Brazilian agricultural scenario focused on future demands, Radar has expertise in agricultural operations and invests in productive farmland. COMBUSTÍVEIS ENERGIA COMGÁS LUBRICANTS RADAR

14 RADAR TOTAL AUM PORTFOLIO EVOLUTION OUTPERFORMING THE MARKET Radar (own land) Properties thousand acres Bln invested in 6 years R$ Bln of AUM Invested Capital Fair Value Thousand hectares Land Management Land Management Main cultures Sugarcane Soybean Corn Cotton 17% 28% 1% 1% 7% 2% 6% 37% % of total portfolio IRR on land portfolio >20% Invested Capital Fair Value Thousand hectares

15 Cosan S/A Energy COMBUSTÍVEIS ENERGIA COMGÁS LUBRICANTS RADAR

16 COSAN S/A (CSAN3) CONSOLIDATED PRO FORMA RESULTS Cosan delivered consistent EBITDA growth over the last years... NET REVENUE PRO FORMA (1) (R$ Bln) EBITDA PRO FORMA (1) (R$ Bln) NET DEBT (1) (R$ Bln) Q14 4Q Q14 4Q NET DEBT NET DEBT / EBITDA (X)...and its main focus from 2015 on is generating cash in order to deleverage the holding company. Note (1): Calendar year and includes Raízen (50%). Leverage excludes the obligations with preferred shareholders in subsidiary. From 2014 on, excluding Rumo s results.

17 Investor Relations Cosan S/A ir.cosan.com.br +55 (11)