Brasilagro Brazilian Agric Real Estate Co Sponsored ADR (Brazil) (NYSE:LND) Q2 2023 Earnings Call Transcript

Gustavo Lopez: Well, Andre. Andre, you answered the question, but what we do, we have a capacity for 40%, 50% of we can hold back 40% to 50% for the next semester. As Andre said, we had logistics problem and trading companies were paying premiums. So since the premiums were highly anticipated, the sale of this inventory in the last semester of last year. So this decision, Andre mentioned premium cost of freight with a cost of 3% we couldn’t hold. So we look at logistics, inventory to sell 40%, 50% of the harvest. Every year, we make decisions based on these points.

Ana Ribeiro: Well, I believe this is it. If we have more questions, please get in touch with us in our Investor Relations department. I will be available to answer any other questions you may have. We’re running a little late and someone said, we might, we will — we could spend all afternoon, but unfortunately we have to close the meeting. Thank you very much, Andre, Gustavo, for your time. We had a very good participation and I hope we clarified all the points. And now I’d like to pass the floor to Andre for his final comments.

Andre Guillaumon: Thank you. Well, once again, thank you for trusting for your trust. I would say that once again, since we have a good participation, many participants, we’ve said this in the media and even in the other calls; I’d like to reinforce one point, the company’s ability to work with people. We were recognized with the award Great Place To Work, one of the five best companies to work in agro business. And I repeat this recognition shows the sustainability of the business. It’s not only myself, Andre and Ana Paula. We had such a good award because we have a team that is engaged, that is focused. So once again, I’d like to thank the investors for the trust in our team. This work will continue working with people, revisiting our strategy, looking at everything and making the company grow. Thank you. We wish you a good afternoon.