Bioceres Crop Solutions (US:BIOX)2021-09-17 17:09Company Overview - Bioceres Crop Solutions is a fully-integrated provider of crop productivity technologies designed to enable the transition of agriculture towards carbon neutrality[2] - The company has 43 years of experience in developing and commercializing products that enhance crop quality and productivity[3] Financial Performance - Revenues for FY21 reached $1974 million[3], and Adjusted EBITDA reached $483 million[4] - In Q4 2021, total revenue was $822 million, with a gross profit of $324 million representing a 39% gross profit margin[23] - Net debt is (34) million[23] HB4 Technology - HB4 technology shows a +13% impact on soy yields and +195% impact on wheat yields[8] - The total addressable market for HB4 in soy is 20-25 million hectares with a ~25-30% share of the total market, and for wheat, it's 25-30 million hectares with a ~30-35% share of the total market[8] - Regulatory approval for HB4 soy covers over 85% of the global soy market (Argentina, Brazil, Canada, and US)[9] Sustainability and Digital Technologies - The company is focused on scalable sustainability through water & CO2 management, soil conservation, and no-till farming practices[18] - Bioceres utilizes digital technologies for tracking productivity and environmental KPIs, smart contracts, and farm-to-fork traceability[19] Product Portfolio and IP - The company has a diversified product portfolio including adjuvants, crop protection, inoculants & biofertilizers, crop nutrition, and seed and integrated products[29] - Bioceres has a strong IP asset portfolio with 214 patents and applications, and numerous trademarks and plant variety protections[30]