Investor Presentaiton
Economic-Financial Analysis
Analysis of the Project
Item Description
VERDE
AGRITECH
Year
Unit
-1
1
2
3
4
5
6
7
8
9 to 11 12 to 18 19 to 25 26 to 28 29 to 31 32 to 35
(average) (average) (average) (average) (average) (average)
36
1
Production
1.1
Final Product (dry basis)
kt
609
611
5,032 5,007 5,034 5,010 25,021
24,995
25,689 25,156
25,156 25,156
25,156 25,156 25,156
2
Revenue
2.1
Total revenue
106 US$
23.2
23.3
177.0
176.1
177.1 176.2 628.1
627.5
644.9
631.5
631.5
631.5
631.5
631.5
631.5
3
Production cost
3.1
Total
106 US$
9.2
9.6
39.5
36.8
35.8
35.1
204.9
195.6
202.0
196.0
198.3
219.1
239.8
240.5 240.5
106 US$
14
14
138
139
141
141
423
432
443
436
433
412
392
391
391
4
EBTIDA
%
60%
59%
78%
79%
80%
80%
67%
69%
69%
69%
69%
65%
62%
62%
62%
5
Operating profit
106 US$
14
14
138
139
141
141
423
432
443
436
433
412
392
391
391
6
Mining Royalties
106 US$
0
0
4
4
4
4
13
13
13
13
13
13
13
13
13
7
Depreciation and amortization 106 US$
0
0
2
2
2
2
35
35
35
35
0
0
0
0
0
8
Profit before income tax
106 US$
13
13
132
134
136
136
376
384
395
388
421
400
379
378
378
9
Income Tax
106 US$
LO
5
4
45
45
46
46
128
131
134
132
143
136
129
129
129
10
Net profit
106 US$
9
9
87
88
90
89
248
254
261
256
278
264
250
250
250
11
Royalty Finder's Fee
106 US$
0.3
0.3
12
Initial Investments
106 US$
3.1
17
329
13
Sustaining Capital
106 US$
1.5
1.5
7.5
7.5
7.7
7.5
7.5
7.5
7.5
7.5
14
Working capital
106 US$
2.3
-2
15
Cash Balance
106 US$
-3
6
-9
89
90
92
-239
281
281
288
283
270
256
243
242
239
16
NPV at 8% per year
106 US$
1,988
17
IRR
%
287%
18
Payback
years
0.5
0.2
1.2
Source: NI 43-101 Technical Report - Cerrado Verde Project, Page 201. BNA Consultoria e Sistemas.
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