3 ethanol and sugar mills with units in the SE/CW region of Brazil, totaling approximately 9.0 MM tons of installed crushing capacity.
Net Revenue close to R$1.0 billion and EBIT close to R$95MM.
High level of indebtedness close to the debt X Ebitda ratio greater than 7.
Final Cash Balance Forecast for the 16/17 crop year negative and increasing for the 17/18 crop.
Request for Judicial Reorganization in progress.
In the next year's harvest, it is estimated to grind approx. 6MM tones at 65% capacity utilization.

Strategic Operational Diagnosis
Cash Management Committee
“Steering Committee”
Support in the development of the Agricultural Master Plan
5 year business plan
“S&OP” Meetings | Daily Operational
Review of the Organizational Structure
HR Committee

Opportunities to increase EBIT of approximately BRL 370MM/year were identified in the 5th year crop on the following fronts:
Agricultural (Fronts: Reform, Expansion and Spot);
Cutting, Loading and Transhipment (Fronts: Cycle Efficiency, Load Density, Turnaround and Harvester Efficiency;
Commercial (Fronts: Production Mix, Off-season, Anhydrous, Refined and ESALQ);
Supplies (Fronts: “Assessment” of Expenses, Changes in the Production Process and Inventory Sanitation);
Financial (Front: Taxes).