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Bioceres Crop Solutions (BIOX) - 2023 Q4 - Annual Report
2023-11-13 16:00
● requirements of being a public company may strain our resources and distract our management; ● IT disruptions or failures in our operating system can affect our reputation and business; ● non-compliance with anti-corruption and anti-money laundering laws can subject us to criminal and civil liability; Risks Related to our Intellectual Property ● changes in Argentine and U.S. patent law could diminish the value of patents and impair our ability to protect our product candidates; Risks Related to Operating ...
Bioceres Crop Solutions (BIOX) - 2023 Q4 - Earnings Call Transcript
2023-09-12 09:47
Bioceres Crop Solutions Corp. (NASDAQ:BIOX) Q4 2023 Earnings Conference Call September 11, 2023 4:30 PM ET Company Participants Paula Savanti - Head of Investor Relations Federico Trucco - Chief Executive Officer Enrique Lopez Lecube - Chief Financial Officer Conference Call Participants Ben Klieve - Wake Street Capital Market Kristen Owen - Oppenheimer Bobby Burleson - Canaccord Kemp Dolliver - Brookline Capital Markets Brian Wright - ROTH MKM Operator Good afternoon. Thank you for attending today's Biocer ...
Bioceres Crop Solutions (BIOX) - 2023 Q4 - Earnings Call Presentation
2023-09-11 22:03
FY23 Crop Protection Seed & Integrated Products Crop Nutrition Notes: 1. Numbers presented for FY22 are pro forma reported financials including Pro Farm BIOCERES CROP SOLUTIONS 36.4 40.5 41.0 +11% +46% FY22 184.6 FY23 149.4 126.4 16.4 1Q (8.5) 2Q 27.9 3Q (0.6) 4Q +24% -1% ($ Million) 4Q22 4Q23 Pro Forma financials Gross Profit Evolution 08 09 BIOCERES CROP SOLUTIONS 4Q23 08 BIOCERES CROP SOLUTIONS Notes: 1. Compared to FY22 Baseline Business Adjusted EBITDA, that excludes Pro Farm and HB4 ramp-up costs FY23 ...
Bioceres Crop Solutions (BIOX) - 2024 Q1 - Quarterly Report
2023-09-10 16:00
BIOCERES CROP SOLUTIONS ര Bioceres Crop Solutions Financial and Operational Results FISCAL 2023 Exhibit 99.1 FOURTH QUARTER 2023 FY23 revenues up 25% and Adjusted EBITDA at $81.1 million ROSARIO, Argentina – September 11, 2023 – Bioceres Crop Solutions Corp. (Bioceres) (NASDAQ: BIOX), a leader in the development and commercialization of productivity solutions designed to regenerate agricultural ecosystems while making crops more resilient to climate change, announced financial results for the fiscal fourth ...
Bioceres Crop Solutions (BIOX) - 2023 Q3 - Earnings Call Transcript
2023-05-11 16:13
Bioceres Crop Solutions Corp. (NASDAQ:BIOX) Q3 2023 Earnings Conference Call May 11, 2023 8:30 AM ET Company Participants Paula Savanti - Head, IR Federico Trucco - CEO Enrique Lecube - CFO Conference Call Participants Ben Klieve - Lake Street Capital Markets Brian Wright - ROTH MKM Bobby Burleson - Canaccord Kemp Dolliver - Brookline Capital Markets Kristen Owen - Oppenheimer Operator Hello and welcome today’s Bioceres Crop Solutions Fiscal Third Quarter 2023 Financial Results Conference Call. My name is B ...
Bioceres Crop Solutions (BIOX) - 2023 Q4 - Annual Report
2023-05-10 23:22
Exhibit 99.1 THIRD QUARTER 2023 ര Bioceres Crop Solutions Revenues increased 33% compared with 3Q22 pro forma numbers Published 2022 Sustainability Report "Each Step We Take" • Total revenues were $93.6 million in 3Q23, a 33% increase compared to the pro forma numbers for the third quarter of last year, which are inclusive of historical revenues from Pro Farm. Topline growth was primarily driven by revenues in the Crop Nutrition segment, resulting from the initial proceeds generated by the strategic partner ...
Bioceres Crop Solutions (BIOX) - 2023 Q2 - Quarterly Report
2023-02-27 16:00
Exhibit 99.1 Table of Contents F-3 F-4 Table of Contents (1) The tax effect of the revaluation of property, plant and equipment of joint ventures and associates was nil for the three-month and six-month periods ended December 31, 2022. The tax effect of the revaluation of property, plant and equipment of joint ventures and associates was $102,306 and $195,918 for the three-month and six-month periods ended December 31, 2021. (2) The tax effect of the revaluation of property, plant and equipment was nil for ...
Bioceres Crop Solutions (BIOX) - 2023 Q2 - Earnings Call Transcript
2023-02-09 20:09
Financial Data and Key Metrics Changes - The company reported flat revenue compared to the previous year for the quarter, but a 7% year-over-year decline on a pro forma basis after including Pro Farm's operations [4][9] - Adjusted EBITDA for the first half of fiscal year 2023 reached almost $35 million, representing a 13% improvement compared to the first half of the previous fiscal year on a pro forma basis [81] - The company experienced a significant increase in debt due to the merger with Pro Farm, with a net financial debt of $170 million as of December 31, 2022 [107] Business Line Data and Key Metrics Changes - The Seed & Integrated Products segment saw a 7% growth, supported by the first HB4 soybean revenues despite overall revenue decline [10] - Crop Nutrition experienced the largest sales decline at 16%, primarily due to lower microbeaded fertilizers sales in Argentina [79] - Crop Protection revenues declined by 5%, with decreased demand for fungicides, insecticides, and adjuvants in Argentina, although growth continued in other regions of Latin America [104] Market Data and Key Metrics Changes - The severe drought conditions in Argentina led to a significant decline in wheat output by 50% compared to the prior year, with summer crop planting displaced by 20 to 30% outside the optimal planting window [100] - The company anticipates that improved rainfall could lead to increased winter crop acreage, helping to recover profitability losses from soybeans and corn [11] Company Strategy and Development Direction - The company aims to expand HB4 technology beyond Latin America, with plans to introduce HB4 wheat in Australia [18][85] - The merger with Pro Farm is expected to deliver substantial revenue growth and is on track to be adjusted EBITDA neutral for the full year [81][103] - The company is focusing on geographic diversification to mitigate weather-related risks, as evidenced by the HB4 soy program initiated in Brazil [104] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by the drought but expressed confidence in the underlying fundamentals of the business and the potential for recovery in the second half of the fiscal year [98][108] - The company expects to see a favorable scenario for the rollout of HB4 wheat, which could help recover some of the sales lost due to drought [105] Other Important Information - The company completed a $26.6 million public offering of corporate bonds in the Argentine market to support local business operations [14] - The company has a strong cash position, with approximately $87 million available, which is well above short-term debt obligations [82] Q&A Session Summary Question: Clarification on revenue headwinds due to weather - Management noted that $20 million to $25 million in revenue was lost due to weather, with half of it being a permanent loss related to fertilizers and seed treatment packs [20][46] Question: Impact of drought on farmer spending - Management explained that farmers reduced spending on technology due to drought complications, affecting sales expectations [22] Question: Pro Farm impact on top line - Management indicated that Pro Farm's integration is progressing well, with cost synergies contributing positively to EBITDA [53] Question: Future wheat prices and planting decisions - Management stated that wheat prices are expected to remain high due to global shortages, and planting decisions will depend on weather conditions [31] Question: Updates on Syngenta agreement - Management confirmed that the Syngenta agreement is progressing well, with expectations for increased revenues from biological seed treatments [120]
Bioceres Crop Solutions (BIOX) - 2023 Q2 - Earnings Call Presentation
2023-02-09 17:46
BIOCERES CROP SOLUTIONS Forward-Looking Statements Unless otherwise noted, the forecasted industry and market data contained in the assumptions for the projections are based upon the Company's management estimates and industry and market publications and surveys. The information from industry and market publications has been obtained from sources believed to be reliable, but there can be no assurance as to the accuracy or completeness of the included information. The Company has not independently verified a ...
Bioceres Crop Solutions (BIOX) - 2023 Q3 - Quarterly Report
2023-02-09 11:02
SECOND QUARTER @ Bioceres Crop Solutions Bioceres Crop Solutions Reports Severe drought in Argentina temporarily interrupted growth trajectory; decline in Argentina partially offset by higher sales in North America . FISCAL Financial and Operating Results SECOND QUARTER 2023 Financial and Operational Results ROSARIO, Argentina - February 8, 2023 - Bioceres Crop Solutions Corp. (Bioceres) (NASDAQ: BIOX), a fully integrated provider of crop productivity solutions designed to enable the transition of agricultu ...