Brasilagro Brazilian Agric Real Estate Co Sponsored ADR (Brazil)

Good afternoon to all.

We have a lot of people connected to hear our results. My name is Ana Paula, Head of Investor Relations at Brasil Agro. We're here to talk about the earnings in Q1, the harvest, our financial statements, follow the harvest year to minimize the impacts of seasonality planting and harvesting so here we will be talking about q2 2023 and first six months of the same period for those who are hearing in english the presentation is available in chat So the presentation is available in the chat for those who are following us in English. Today we have our CEO, Andre Guillaumont, and Gustavo Javier Lopes, our CFO, to explain to you a little of what happened in the last few months and talk about perspectives for the future. Thank you. I'd like to pass the floor to Andre. Andre, you have the floor. Thank you, Ana Paula. I'd like to thank you all for participating. Please uncomment the earnings, bringing the company's numbers, the expectations. Ana used a very wise word, seasonality. Seasonality is a characteristic that is inherent to agribusiness. And we will explain some important numbers And some of these things have to do with seasonality and also the decision to sell. And I hope that at the end of the call, we will have questions. We continue believing a lot in the company's results, in the company's business. We will have a quarter with interesting points about sugarcane. But Surely, you will see the meaning of these numbers. Another challenge, companies like us who have a double strategy, operational results plus sale of farms, real estate happens, the sale of real estate, it happened, we made a small sale, and of course, the objective is to to really take the decision to sell at a time when we have a good liquidity in the market. Let's see the highlights. We need a lot of time for the questions. Financial highlights. We have net revenue, 484 million. Net income, 29 million. Adjusted a bit to 124 million. We had a sale, a small sale, approximately 900 hectares. A sale in Rio do Meio sold for 62.4 million showing once again reminding you this asset came from the purchase we made. We sold part of this land previously. And once again, we have a good result selling another part. Operational highlights in the semester. We finished planting grains. Here we have cotton also. Everything that was planted in the semester until December 30th. We still have some grains, some grain at the end of the planting in Paraguay. which is not included in this number, but these are important highlights. A little later, we will talk about what is happening in this harvest. Next.

When we talk about what we expect for harvest,