Consolidation of investments highlights the Company’s positive indicators in a period marked by volatility in global markets
Copersucar S.A., the largest global trader of sugar and ethanol, recorded several positive indicators at the end of the 2015/2016 Crop Year, with growth in sales and reduction in net indebtedness. With consolidated revenue of BRL 26.3 billion – an increase of 25% over the previous year – the Company reduced its net indebtedness by 28% and recorded net earnings of BRL 32.0 million.
“This result indicates that Copersucar resumed its profitability cycle, although below its full potential. The consolidation of our business model sets profitability levers for our entire operating cycle to capture consistent gains in the coming years,” says Chairman of the Board of Directors, Luis Roberto Pogetti.
The period was marked by volatility in global markets and continued instability in the domestic market, affected by economic difficulties that have worsened the situation for the sugar and ethanol industry. On the other hand, there were signs of improvement in the outlook for the industry, with the recovery of international sugar prices and growth in the domestic demand for ethanol.
“The previous year prepared Copersucar to a new strategic cycle. We now have a portfolio that reinforces international leadership in the main markets for our products – sugar and ethanol – which have strategic value for the planet due to their potential to mitigate greenhouse gas emissions,” says CEO, Paulo Roberto de Souza.
The Company’s net income totaled BRL 26.3 billion, in comparison with BRL 21 billion in the previous Crop Year. Net earnings totaled BRL 32 million, compared to a loss of BRL 8 million in the 2014/2015 harvest.
Net indebtedness of the Company’s inventory was reduced by BRL 435 million and ended the year at BRL 1.1 billion.
Sales
Of total revenues, ethanol traded by Copersucar accounted for 29%, while sugar represented 24%. Subsidiary Eco-Energy Biofuels, ethanol trader and logistics operator in the United States, accounted for the remaining 47%.
In the 2015/2016 Crop Year, Copersucar traded 5 billion liters of ethanol (4.3 billion liters sold in the domestic market), with growth of 16.3%, driven by high demand and recovery of prices.
Total sugar traded was 5.5 million tons, compared to a volume of 7.2 million tons in the previous harvest, which included 1.6 million tons of origination made by the Company prior to the establishment of Alvean, the joint venture created in partnership with Cargill to trade the commodity globally. Using the same basis of comparison, total sugar traded by Copersucar remained stable in both periods.
Partner Mills accounted for the supply of sugar and ethanol equivalent to 89.3 million metric tons of sugarcane.
With total investments of BRL 265.2 million in the year, the Company focused on the completion of projects under implementation at the Copersucar Sugar Terminal (TAC) –– which handled a record 6.2 million tons shipped, surpassing the mark recorded three years before –– and at the Copersucar Ethanol Terminal (TCE), both completed and fully operational, with consequent expansion of the use of railways and improvement of sugar logistics operations.
Alvean
In the 2015/2016 Crop Year, Alvean completed its first full year of operation. The Company has demonstrated its operating strength in the sugar market and assumed its position as a leader in global handling, not only in origination – with growing share in purchasing sugar in Brazil, as well in other producing markets – but also in destination, expanding the supply of the product to the main refineries worldwide. In the period, Alvean traded 11.5 million tons of sugar, with a 30% market share. In Brazil, Alvean originated 5.0 million tons.
Eco-Energy
Of total investments, a tranche BRL 180.3 million was allocated to the expansion of Eco-Energy’s logistics infrastructure in the United States (through the implementation of three new terminals and acquisition of one) and to the acquisition of interest from minority shareholders, increasing Copersucar’s share of 65% in the previous year to 77%. In April 2016, a new acquisition increased this share to 89%.
With an increase of 13.3% in volumes handled, Eco-Energy traded 8.5 billion liters of ethanol, maintaining a 14% share in the US market. Together, Copersucar and Eco-Energy accounted for 11.5% of the ethanol traded in the world in 2015, with a volume of 13.5 billion liters.
About Copersucar
Copersucar is a global leader in the trading of sugar and ethanol. Its business model, considered unique, combines large-scale supply of high-quality products with an integrated logistics, transportation, storage and trading system, in Brazil and in the international market. For more information, visit www.copersucar.com.br.
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COMUNICAÇÃO MAIS
Milton Pazzi Jr.
+55 (11) 3874-2028
milton.pazzi@comunicacaomais.com.br
This agreement concerning the Terms and Conditions of Use of Website www.copersucar.com.br (“Terms of Use”), seeks to govern the use of the website http://www.copersucar.com.br (“website”), created by Copersucar S/A (“Copersucar”), and pertains to the use of the website in all its areas, whether open and readily accessible or those whose access is restricted.
These Terms of Use may be amended or updated unilaterally and at any time by Copersucar, whenever new resources or functionalities are added to the website or whenever Copersucar, at its sole discretion, deems necessary.
The amendments to the Terms of Use will become effective on the date on which they are published on the website, and Copersucar shall post and maintain, at the top of the Terms of Use page, a notice reporting the updates made to the Terms of Use for at least 30 (thirty) days of the date on which such update is published.
When accessing the website, users, which shall be construed as any individual or legal entity accessing or using the website via any means (“User”), agrees to and accepts the terms of these Terms of Use.
Users who do not agree to these Terms of Use should not use the website.
Since these Terms of Use may be updated, Users should review these Terms of Use periodically. The use of the website after any eventual update to these Terms of Use shall be deemed to be acceptance of the updated Terms of Use by Users.
All content of the website is offered to people aged 18 (eighteen) or older or to minors authorized by their parents or guardians. Copersucar reserves the right to assume that website Users meet the requirements above.
Copersucar may change the format and contents of the entire website at any time, as well as discontinue its operation and restrict or terminate access to the website at any time, regardless of prior notice to Users.
The content of the website, including text, images, sound, software, and codes that compose and operate this website, is protected by copyright and/or other intellectual property rights of Copersucar or licensed to Copersucar by their rightful owners.
Likewise, all trademarks or service trademarks included on the site are property of Copersucar or have been licensed to Copersucar by their rightful owners for use on this website.
Copy, distribution, or change, in any form, of the contents of this website or the use of the material contained on the website in any way other than presented therein is strictly forbidden. Moreover, the removal of any identification pertaining to copyright, trademarks, or intellectual property contained on the website is strictly forbidden.
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The website may contain links to third-party websites and Copersucar shall not be held liable for any analysis, assessment, or content of such third-party websites, and Users shall be responsible for evaluating browsing and content of each such websites exclusively.
The protection of Users’ personal information when using this website is set out in Copersucar’s Privacy Policy , which is part of and incorporated into these Terms of Use.
Users are solely liable for the use they make of all contents, products and services made available through the website.
Copersucar hereby attests that the information on the website is generic in nature and should not be taken separately as basis of decision-making.
Copersucar uses its best efforts so that the content of the information on the website is accurate and corresponds to reality at the moment it is published on the website; nevertheless, Copersucar makes no claims to Users concerning its accuracy.
Under no circumstances shall Copersucar, its affiliates, directors, or services providers be held liable for indirect, incidental or consequential damages or loss of revenue arising out of the use of the website, of information published on the website, or of the impossibility of access to the website.
Any eventual compensation, limited to the duly substantiated direct damages, shall only be owed whenever the damage caused by Copersucar to Users is duly substantiated, and any eventual exceptions are not set forth in these Terms of Use.
Failure to exercise or enforce any rights or provision of these Terms of Use shall not constitute a waiver of such right or provision, unless such waiver is made in writing by Copersucar’s legal representatives.
Should any provision of these Terms of Use be considered, by the competent court, to be unlawful, such provisions shall be amended and construed so as to meet the objectives of the original provision, to the extent possible and to the full extent of the law, and all other provisions of these Terms of Use shall remain in full force and effect.
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All questions concerning these Terms of Use should be sent to the email comunicacao@copersucar.com.br.
This Privacy Policy (“Privacy Policy”) aims to describe how we protect the privacy of Users, which shall be construed to mean any individual or legal entity accessing or using the website, via any means, when visiting Copersucar S/A’s website.
This Privacy Policy sets out which types of User information are collected and controlled when the website is accessed and how this information is shared.
This Privacy Policy may be amended or updated unilaterally and at any time by Copersucar, whenever new resources or functionalities are added to the website or whenever Copersucar, at its sole discretion, deems necessary.
The amendments to the Privacy Policy will become effective on the date on which they are published on the website, and Copersucar shall post and maintain, at the top of the Privacy Policy page, a notice reporting the updates made to the Privacy Policy for at least 30 (thirty) days of the date on which such update is published.
This Privacy Policy governs the “User information” collected on our website.
Considering that our website is freely accessible, except for areas requiring User registration, information like names or emails of Users are not collected, however, information regarding IP of the computer, location, time, time spent on the website, and device or browser used are collected.
Although the website does not collect personally identifiable information, whenever Users access the website via search engines or third-party websites, it is possible that information such as name, gender, age group, and other personal information are received by the website.
The website only collects the personal information that you willingly provide (using the mouse and the keyboard) when using our website. The information collected depends on how you use our website.
By accessing the website, Users agree to and accept the terms of this Privacy Policy.
If Users do not agree to the terms of this Privacy Policy, they should not use the website.
Since this Privacy Policy may be updated, Users should review this Privacy Policy periodically. The use of the website after any eventual update to the Privacy Policy shall be deemed to be acceptance of the updated Privacy Policy by Users.
Whenever necessary, this Privacy Policy may be supplemented or changed through specific “Privacy Notices,” which will contain details concerning the personal information collected on given pages of the website and it will be used.
When accessing login- and password-protected website pages, specific data may be requested or it may be necessary to agree to special terms, which will supplement or change this Privacy Policy with respect to issues governed by the special conditions.
Users should be aware that, whenever using the “Trabalhe Conosco” (Work with Us) tool, they will be redirected to a third-party website, a partner of Copersucar’s Human Resources Department, and that, by entering personal details, such as their name, address, e-mail, and work experience, among others, they will be entering information outside Copersucar’s website and, therefore, such data will be governed by the privacy policy of the partner’s website, thus, Users should review the privacy policy of the partner’s website and only complete their profile if they agree to such policy.
Personal information shall only be used (i) in the delivery of products, services, or information requested from Copersucar, (ii) for security, credit check, or fraud prevention purposes, (iii) for a better understanding of Users’ needs and interests, and (iv) to improve website content, functionalities, and usability.
To whom will we disclose private information?
We may share the personal information collected on our website (i) with services providers rendering support services to the Copersucar website; (ii) within Copersucar and other companies of the Group; (iii) whenever, in good faith, Copersucar deems the disclosure appropriate in order to comply with laws, court orders, or summons; (iv) so as to prevent or investigate potential crimes, such as fraud or identity theft; or (v) in order to protect Copersucar’s right and security of other Users.
Although all reasonable and commercially accepted security measures are in place to protect the confidentiality, integrity, and security of Users’ personal information, Copersucar does not guarantee the security of such information. Hence, we urge Users to adopt the precautionary measures required to ensure the confidentiality of their personal information when using the website and the Internet as a whole.
Users are responsible for maintaining the confidentiality of their passwords and logins.
We have the right to assume that anyone accessing our website with the login and password assigned to a given User has the right to do so. Users are fully responsible for the activities of anyone accessing the website using the password assigned to the Users, even when such person was not actually authorized by the Users. Whenever Users believe their passwords are being used without their authorization, they should change it promptly.
The website contains links to third-party websites, operated by other companies. Hence, Users should be aware that this Privacy Policy does not apply to third-party websites and that Users must review the Privacy Policy of such websites.
All content of the website is offered to people aged 18 (eighteen) or older or to minors authorized by their parents or guardians. Copersucar reserves the right to assume that website Users meet the requirements above.
All questions concerning this Privacy Policy should be sent to email comunicacao@copersucar.com.br.