an S.A.(CSAN) - 2019 Q2 - Earnings Call Presentation

Financial Performance - Cosan S.A Pro forma adjusted EBITDA totaled BRL 12 billion, a 14% increase compared to 2Q18[26] - Comgás normalized adjusted EBITDA reached BRL 583 million, up 19% due to higher sales volumes and margin adjustments for inflation[19] - Raízen Energia adjusted EBITDA reached BRL 402 million, an 18% decrease, attributed to lower own sugar and bioenergy sales volume[17] - Moove's EBITDA increased by 18% due to higher sales volume across all geographies[25] Raízen Combustíveis - Raízen Combustíveis adjusted EBITDA expanded 5%, driven by higher sales volumes, partially compensated by lower gain from supply strategy[7] - Raízen Combustíveis sales volume increased by 8%[9] - Raízen Combustíveis Argentina adjusted EBITDA ended the quarter at USD 47 million due to the lower volume sold[13] Debt and Investments - Cosan S.A Pro forma net debt/EBITDA leverage stable at 21x[28] - Investments totaled BRL 659 million, a 37% increase[26] - Gross debt reached BRL 18609 million[29] Comgás Volume Growth - Comgás sales volume ex-thermo increased by 3%[20]