REGISTRATION WITH CVM SHOULD NOT BE CONSTRUED AS AN EVALUATION OF THE COMPANY. COMPANY MANAGEMENT IS RESPONSIBLE FOR THE INFORMATION PROVIDED.

Transcription

1 REGISTRATION WITH CVM SHOULD NOT BE CONSTRUED AS AN EVALUATION OF THE COMPANY. COMPANY MANAGEMENT IS RESPONSIBLE FOR THE INFORMATION PROVIDED IDENTIFICATION 1 - CVM CODE 2 - COMPANY NAME 3 - CNPJ (Corporate Taxpayer s ID) BRASILAGRO CIA BRAS PROPRIEDADES AGRICOL / NIRE (Corporate Registry ID) HEADQUARTERS 1 - ADDRESS AVENIDA BRIG FARIA LIMA, O ANDAR 2 - DISTRICT JARDIM PAULISTANO 3 - ZIP CODE CITY SÃO PAULO 5 - STATE SP 6 - AREA CODE TELEPHONE TELEPHONE TELEPHONE TELEX AREA CODE FAX FAX FAX ri@brasil-agro.com INVESTOR RELATIONS OFFICER (Company Mailing Address) 1- NAME CARLOS AGUIAR NETO 2 - ADDRESS AVENIDA BRIG FARIA LIMA, O ANDAR 3 - DISTRICT JARDIM PAULISTANO 4 - ZIP CODE CITY SÃO PAULO 6 - STATE SP 7 - AREA CODE TELEPHONE TELEPHONE TELEPHONE TELEX AREA CODE FAX FAX FAX carlos.aguiar@brasil-agro.com DFP REFERENCE AND AUDITOR INFORMATION YEAR 1 DATE OF THE FISCAL YEAR BEGINNING 2 DATE OF THE FISCAL YEAR END 1 Last 07/01/ /30/ Next to last 07/01/ /30/ Last but two 07/01/ /30/ INDEPENDENT ACCOUNTANT PRIECEWATERHOUSECOOPERS AUDITORES INDEPENDENTES 5 - CVM CODE TECHNICIAN IN CHARGE WANDER RODRIGUES TELLES 7 - TECHNICIAN S CPF (INDIVIDUAL TAXPAYER S REGISTER)

2 IDENTIFICATION 1 - CVM CODE COMPANY NAME 3 - CNPJ (Corporate Taxpayer s ID) BRASILAGRO CIA BRAS PROPRIEDADES AGRICOL / CAPITAL STOCK Number of Shares (Units) 1 06/30/ /30/ /30/2007 Paid-in Capital 1 - Common 58,422,400 58,422, , Preferred Total 58,422,400 58,422, ,224 Treasury Stock 4 - Common Preferred Total COMPANY PROFILE 1 - TYPE OF COMPANY Commercial, Industry and Other Types of Company 2 - STATUS Operational 3 - NATURE OF OWNERSHIP Foreign 4 - ACTIVITY CODE 1210 Agriculture (Sugar, Alcohol and Sugar cane) 5 - MAIN ACTIVITY AGRIBUSINESS 6 - CONSOLIDATION TYPE Total COMPANIES NOT INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS 1 - ITEM 2 - CNPJ (Corporate Taxpayer s ID) 3 - COMPANY NAME CASH DIVIDENDS 1 - ITEM 2 - EVENT 3 - APPROVAL 4 - DIVIDEND 5 - DATE OF PAYMENT 6 - TYPE OF SHARE 7 - AMOUNT PER SHARE INVESTOR RELATIONS OFFICER 1 DATE 09/03/ SIGNATURE 2

3 IDENTIFICATION 1 - CVM CODE COMPANY NAME 3 - CNPJ (Corporate Taxpayer s ID) BRASILAGRO CIA BRAS PROPRIEDADES AGRICOL / BALANCE SHEET - ASSETS (in thousands of reais) 1 - CODE 2 - DESCRIPTION 3 06/30/ /30/ /30/ Total Assets 636, , , Current Assets 298, , , Cash and Cash Equivalents 245, , , Cash and Banks FIQ Agro Investments , FIM Guardian Investments 245, , Credits 19,398 22,625 7, Clients 3,291 17, Lease Receivable Receivables from products sold 3,291 17, Receivables from farm sold Sundry Credits 16,107 5,373 6, Sundry Advances 984 1, Fiscal and tax credits 11,659 2,642 6, Other credits 1,016 1, Receivables from derivatives commodities current crop 2, Receivables from derivatives - currency Receivables from derivatives - index Inventories 18,299 28, Inventories of soybean grains 1, Inventories of corn grains 3, Inventories of sorghum grains Inventories of rice grains 1, Other crops Crop under progress soybeans Crop under progress corn 4,522 3, Crop under progress sorghum 1, Crop under progress sugarcane Crop under progress rice Inputs Storehouse 4,378 13, Advances for purchase of inputs 912 9, Unexpired indirect costs Other 15,011 1, Prepaid Expenses Commodities derivatives brokerage firms balance 1 1, Short-term financial investments 14, Non-Current Assets 337, , , Long-Term Assets 15,566 5, Sundry Credits 9,657 4, Advances and Prepayment Deferred taxes and contributions 9,657 4,

4 IDENTIFICATION 1 - CVM CODE COMPANY NAME 3 - CNPJ (Corporate Taxpayer s ID) BRASILAGRO CIA BRAS PROPRIEDADES AGRICOL / BALANCE SHEET - ASSETS (in thousands of reais) 1 - CODE 2 DESCRIPTION 3 06/30/ /30/ /30/ Receivables from farm sold Credit with Related Parties Direct and Indirect Associated Companies Subsidiaries Other Related Parties Other 5, Receivables from derivatives - commodities 5, Receivables from derivatives - currency Receivables from derivatives - index Rural Property Inventories Permanent Assets 322, , , Investments 236, , , In Direct and Indirect Associated Companies 6,979 6,915 4,748 In Direct and Indirect Associated Companies Goodwill In Subsidiaries 208, , , In Subsidiaries Goodwill Other Investments Advance for Investments in Subsidiaries in the Country 20,334 3, Property, Plant and Equipment 85,156 53,059 10, Land and Farm Facilities 31,139 30,860 9, Operating Assets 5,553 2, Refurbishment and Improvements 1,710 1, Construction in Progress 2, Permanent Crop - Construction in Progress 0 9, Permanent Crop PP&E 44,666 8, Intangible Deferred 850 1,303 1, Pre-Operating Expenses R&D Pre-Operating Expenses General Soil Preparation and Cleaning Expenses

5 IDENTIFICATION 1 - CVM CODE COMPANY NAME 3 - CNPJ (Corporate Taxpayer s ID) BRASILAGRO CIA BRAS PROPRIEDADES AGRICOL / BALANCE SHEET - LIABILITIES (in thousands of reais) 1 - CODE 2 DESCRIPTION 3 06/30/ /30/ /30/ Total Liabilities 636, , , Current Liabilities 36,332 22,965 7, Loans and Financing 11, Debentures Suppliers 4,771 2, Taxes, Fees and Contributions 3,390 3,454 3, Withholding Taxes and Contributions Taxes and Contributions on Revenues Income Tax and Social Contribution Payable 2,000 2,957 3,514 Provisions for Deferred Corporate Income Tax and Social Contribution Dividends Payable 2 1, Provisions Debts with Related Parties Other 17,125 15,484 4, Payroll and Social Charges Payable 3,044 4,655 1, Acquisitions Payable Current 14,081 9,797 2, Liabilities Payable Bank Liabilities Accounts payable from derivatives - commodities 0 1, Accounts payable from derivatives - currency Accounts payable from derivatives - index Advance from clients Advance for Future Capital Increase Non-Current Liabilities 23,311 11,472 2, Long-Term Liabilities 23,311 11,472 2, Loans and Financing 9, Debentures Provisions Debts with Related Parties Advance for Future Capital Increase Other 13,844 10,663 2, Long-term Acquisitions Payable 0 6,088 2, Provision for Taxes and Contributions 13,844 4, Derivatives Commodities Liabilities Derivatives Currency Liabilities Derivatives Index Liabilities Deferred Income Shareholders Equity 576, , , Paid-up Capital 584, , , Cash Private Subscription - Country Cash Private Subscription - Abroad

6 IDENTIFICATION 1 - CVM CODE COMPANY NAME 3 - CNPJ (Corporate Taxpayer s ID) BRASILAGRO CIA BRAS PROPRIEDADES AGRICOL / BALANCE SHEET - LIABILITIES (in thousands of reais) 1 - CODE 2 DESCRIPTION 3 06/30/ /30/ /30/ Public Subscription 583, , , Capital Reserves 0 3, Legal Reserve Reserve for Investment and Expansion 0 3, Revaluation Reserves Own Assets Subsidiaries/Direct and Indirect Associated Companies Profit Reserves Legal Statutory For Contingencies Unrealized Income Profit Retention Special for Non-Distributed Dividends Other Profit Reserves Assets Valuation Adjustments Securities Adjustments Accumulated Translation Adjustments Business Combination Adjustments Retained Earnings/Accumulated Losses (7,472) (12,051) (13,755) Advance for Future Capital Increase

7 01.01 IDENTIFICATION 1 - CVM CODE COMPANY NAME 3 - CNPJ (Corporate Taxpayer s ID) BRASILAGRO CIA BRAS PROPRIEDADES AGRICOL / INCOME STATEMENT (in thousands of reais) 1 - CODE 2 DESCRIPTION 3 07/01/2008 to 06/30/ /01/2007 to 06/30/ /01/2006 to 06/30/ Gross Revenue from Sales and/or Services 30,799 23, Revenues from Land Leasing Revenues from Grain Sales 30,638 18, Revenues from Sugarcane Sales 88 4, Byproduct Sales and Other Gross Revenue Deductions (854) (888) (23) Taxes on Lease Revenues (26) (18) (23) Taxes on Revenues from Soybean Sales (828) (870) Net Revenue from Sales and/or Services 29,945 22, Cost of Goods and/or Services Sold (30,561) (18,964) Costs of Agricultural Products Sold (29,405) (18,964) Market Value Adjustment (1,156) Gross Income (616) 3, Operating Expenses/Income 6,137 13,738 23, Selling (1,026) (614) General and Administrative (20,945) (19,003) (12,756) Administrative Expenses (143) (988) (668) Fee Expenses (9,363) (7,694) (7,173) Personnel Expenditures (6,970) (5,729) (3,728) Share Placement Expenditures (1,897) 0 (165) Depreciation and Amortization Expenses (538) (539) (401) Other General and Administrative Expenses (2,034) (4,053) (621) Financial 32,306 43,226 46, Financial Income 33,733 44,697 46, Exclusive Fund Investments Yields 21,133 44,568 46, Positive Exchange Variation on Liabilities Monetary Variation on Liabilities (218) (1,055) Interest Gains Derivatives realized income commodities 5,014 (1,799) Derivatives realized income currency 0 1, Derivatives realized income indexes 0 1,616 (156) Derivatives income - outstanding commodities 6, Derivatives income - outstanding currency Derivatives income outstanding indexes Financial Expenses (1,427) (1,471) (577) Banking Expenses and Charges (1,427) (1,471) (577) Other Operating Income Other Operating Expenses Equity in the Earnings of Subsidiaries (4,198) (9,871) (10,202) Equity Income (4,198) (876) 7, Exchange Variation on Investments Abroad 0 (8,995) (17,709) 7

8 01.01 IDENTIFICATION 1 - CVM CODE COMPANY NAME 3 - CNPJ (Corporate Taxpayer s ID) BRASILAGRO CIA BRAS PROPRIEDADES AGRICOL / INCOME STATEMENT (in thousands of reais) 1 - CODE 2 DESCRIPTION 3 07/01/2008 to 06/30/ /01/2007 to 06/30/ /01/2006 to 06/30/ Operating Income 5,521 17,300 23, Non-Operating Income Revenues Expenses Income Before Tax/Holdings 5,707 17,393 23, Provision for Income Tax and Social Contribution (369) (9,034) (5,055) 3.11 Deferred Income Tax (4,388) (1,896) (1,286) 3.12 Statutory Holdings/Contributions Holdings Contributions Reversal of Interest on Own Capital Income/Loss for the Period 950 6,463 17,159 No. SHARES, EX-TREASURY (Units) 58,422,400 58,422, ,224 EARNINGS PER SHARE (Reais) LOSS PER SHARE (Reais) 8

9 01.01 IDENTIFICATION 1 - CVM CODE COMPANY NAME BRASILAGRO CIA BRAS PROPRIEDADES AGRICOL 3 - CNPJ (Corporate Taxpayer s ID) / STATEMENT OF CASH FLOWS INDIRECT METHOD (in thousands of reais) 1 - CODE 2 DESCRIPTION 3 07/01/2008 to 06/30/ /01/2007 to 06/30/ /01/2006 to 06/30/ Net Cash from Operating Activities (47,892) (19,213) 25, Cash Generated in the Operations 7,676 19,532 26, Income for the Period 950 6,463 17, Depreciation, Amortization and Depletion 3,658 2, Foreign Exchange Variation over Investments 0 8,995 17, Equity in the Earnings of Subsidiaries 4, (7,507) Foreign Exchange and Monetary Variations Over Liabilities (299) 895 (595) Unrealized Income from Derivatives Operations (6,386) (70) Deferred Income Tax 4,388 (427) (102) Interest on Financing 1, (284) Net Write-Offs of Property, Plant and Equipment Variations on Assets and Liabilities (55,568) (38,745) (1,479) (Increase) Decrease in Clients 13,961 (17,252) (284) (Increase) Decrease in Tax Credits (9,017) 3,993 (4,736) (Increase) Decrease in Prepaid Expenses and Advances (214) (1,663) (Increase) in Other Credits (13,948) 24 (110) (Increase) in Inventories 9,733 (27,309) (Increase) Decrease in Short-Term Investments (57,569) (1,537) Increase in Suppliers 2,134 1, Increase in Taxes and Contributions Payable , Increase (decrease) in Payroll and Charges (1,611) 3,386 1, Increase (decrease) in Related Parties liabilities 33 0 (437) Increase (decrease) in Other Liabilities 1,425 (223) (930) (Increase) in Derivatives Operations and Investments (596) Other Net Cash from Investment Activities (54,041) (24,518) (29,380) Additions to Property, Plant and Equipment (35,085) (26,600) (4,571) Additions to Deferred Charges 0 (4,946) (352) Payment for Acquisition of Farms (2,583) (4,266) Decrease (increase) in Investments and Interest (16,373) 11,294 (24,457) 4.03 Net Cash from Financing Activities 16, (13) Loans and Financing 19, (Increase) in long-term Assets 0 0 (13) Dividends Payable (1,128) Payment of Loans and Financing (1,313) Exchange Variation on Cash and Cash Equivalents Increase (Decrease) in Cash and Cash Equivalents (85,364) (42,855) (4,091) Opening Balance of Cash and Cash Equivalents 331, , , Closing Balance of Cash and Cash Equivalents 245, , ,174 9

10 01.01 IDENTIFICATION 1 - CVM CODE COMPANY NAME BRASILAGRO CIA BRAS PROPRIEDADES AGRICOL 3 - CNPJ (Corporate Taxpayer s ID) / STATEMENT OF CHANGES IN SHAREHOLDERS EQUITY FROM 07/01/2008 TO 06/30/2009 (in thousands of reais) 1 - CODE 2 - DESCRIPTION 3 CAPITAL STOCK 4 CAPITAL RESERVES 5 REVALUATION RESERVES 6 PROFIT RESERVES 7 RETAINED EARNINGS/ACCUMULATED LOSSES 8 ASSETS VALUTATION ADJUSTMENTS 9 - TOTAL SHAREHOLDERS EQUITY 5.01 Opening Balance 584, ,629 (12,051) 0 575, Adjustments of Previous Years Adjusted Balance 584, ,629 (12,051) 0 575, Income/Loss for the Year Allocations Dividends Interest on Own Capital Other Allocations Realization of Profit Reserves (3,629) 3, Loss Absorption with Reserves (3,629) 3, Assets Valuation Adjustments Securities Adjustments Accumulated Translation Adjustments Business Combination Adjustments Increase/Decrease in Capital Stock Recording/Realization of Capital Reserves Treasury Shares Other Capital Transactions Other Closing Balance 584, (7,472) 0 576,752 10

11 01.01 IDENTIFICATION 1 - CVM CODE COMPANY NAME BRASILAGRO CIA BRAS PROPRIEDADES AGRICOL 3 - CNPJ (Corporate Taxpayer s ID) / STATEMENT OF CHANGES IN SHAREHOLDERS EQUITY FROM 07/01/2007 TO 06/30/2008 (in thousands of reais) 1 - CODE 2 - DESCRIPTION 3 CAPITAL STOCK 4 CAPITAL RESERVES 5 REVALUATION RESERVES 6 PROFIT RESERVES 7 RETAINED EARNINGS/ACCUMULATED LOSSES 8 ASSETS VALUTATION ADJUSTMENTS 9 - TOTAL SHAREHOLDER S EQUITY 5.01 Opening Balance 584, (13,755) 0 570, Adjustments of Previous Years Adjusted Balance 584, (13,755) 0 570, Income/Loss for the Year , , Allocations (1,130) 0 (1,130) Dividends (1,130) 0 (1,130) Interest on Own Capital Other Allocations Realization of Profit Reserves ,629 (3,629) 0 0 Mandatory Legal Reserve Recorded (238) Statutory Reserve for Expansion ,391 (3,391) Assets Valuation Adjustments Securities Adjustments Accumulated Translation Adjustments Business Combination Adjustments Increase/Decrease in Capital Stock Recording/Realization of Capital Reserves Treasury Shares Other Capital Transactions Other Closing Balance 584, ,629 (12,051) 0 575,802 11

12 01.01 IDENTIFICATION 1 - CVM CODE COMPANY NAME BRASILAGRO CIA BRAS PROPRIEDADES AGRICOL 3 - CNPJ (Corporate Taxpayer s ID) / STATEMENT OF CHANGES IN SHAREHOLDERS EQUITY FROM 07/01/2006 TO 06/30/2007 (in thousands of reais) 1 - CODE 2 - DESCRIPTION 3 CAPITAL STOCK 4 CAPITAL RESERVES 5 REVALUATION RESERVES 6 PROFIT RESERVES 7 RETAINED EARNINGS/ACCUMULATED LOSSES 8 ASSETS VALUTATION ADJUSTMENTS 9 - TOTAL SHAREHOLDER S EQUITY 5.01 Opening Balance 584, (30,914) 0 553, Adjustments of Previous Years Adjusted Balance 584, (30,914) 0 553, Income/Loss for the Year , , Allocations Dividends Interest on Own Capital Other Allocations Realization of Profit Reserves Assets Valuation Adjustments Securities Adjustments Accumulated Translation Adjustments Business Combination Adjustments Increase/Decrease in Capital Stock Recording/Realization of Capital Reserves Treasury Shares Other Capital Transactions Other Closing Balance 584, (13,755) 0 570,469 12

13 Voluntary New Presentation IDENTIFICATION 1 - CVM CODE COMPANY NAME 3 - CNPJ (Corporate Taxpayer s ID) BRASILAGRO CIA BRAS PROPRIEDADES AGRICOL / STATEMENT OF VALUE ADDED (in thousands of reais) 1 - CODE 2 - DESCRIPTION 3 07/01/2008 to 06/30/ /01/2007 to 06/30/ /01/2006 to 06/30/ Revenues 30, Sale of Goods, Products and Services 30, Other Revenues Revenues related to the Construction of Own Assets Allowance for/reversal of Doubtful Accounts Input Acquired from Third Parties (43,236) Cost of Products, Goods and Services Sold (27,245) Materials Energy Third Party Services - Other (14,726) Loss/Recovery of Assets (1,265) Other Gross Value Added (12,251) Retention (604) Depreciation, Amortization and Depletion (604) Other Net Value Added Produced (12,855) Value Added Received in Transfers 29, Equity in the Earnings of Subsidiaries (4,198) Financial Revenues 33, Other Total Value Added to Distribute 16, Allocation of Value Added 16, Personnel 8, Direct Compensation 7, Benefits Government Severance Indemnity Fund for Employees (FGTS) Other Taxes, Fees and Contributions 5, Federal 5, State Municipal Third Parties Capital Remuneration 1, Interest Rates 1, Rentals Other Remuneration of Equity Capital Interest on Own Capital Dividends Retained/Accumulated Losses for the Year Other

14 Voluntary New Presentation IDENTIFICATION 1 - CVM CODE COMPANY NAME 3 - CNPJ (Corporate Taxpayer s ID) BRASILAGRO CIA BRAS PROPRIEDADES AGRICOL / CONSOLIDATED BALANCE SHEET - ASSETS (in thousands of reais) 1 - CODE 2 - DESCRIPTION 3 06/30/ /30/ /30/ Total Assets 678, , , Current Assets 319, , , Cash and Cash Equivalents 264, , , Cash and Banks Financial Investments 264, , , Credits 22,409 32,386 7, Clients 5,986 21, Leasing Receivable Receivables from Agricultural Sales 3,291 17, Receivables from Farm Sold 2,423 3, Sundry Credits 16,423 11,058 6, Sundry Advances Fiscal and Tax Credits 12,438 3,004 6, Other Credits 1,016 1, Marketable Securities Receivables from derivatives - commodities 2, Receivables from derivatives - currency 0 2, Receivables from derivatives - index 68 2, Inventories 18,002 30, Inventories of Soybean Grains 1, Inventories of Corn Grains 3, Inventories of Sorghum Grains Inventories of Rice Grains 1, Other Crops Crop under progress Soybean Crop under progress Corn 4,522 2, Crop under progress Sorghum 1, Crop under progress Sugarcane Crop under progress Rice Inputs Storehouse 4,789 14, Advances for Purchase of Inputs 1,219 11, Unexpired Indirect Costs Other 15,156 1, Prepaid Expenses Commodities Derivatives Brokers Balance 3 1, Short-term Financial Investments 14, Non-Current Assets 359, , , Long-Term Assets 255, , , Sundry Credits 17,676 17, Advances and Prepayment Deferred Taxes and Contributions 11,378 5,

15 Voluntary New Presentation IDENTIFICATION 1 - CVM CODE COMPANY NAME 3 - CNPJ (Corporate Taxpayer s ID) BRASILAGRO CIA BRAS PROPRIEDADES AGRICOL / CONSOLIDATED BALANCE SHEET - ASSETS (in thousands of reais) 1 - CODE 2 - DESCRIPTION 3 06/30/ /30/ /30/ Receivables from Farm Sold 6,298 11, Credit with Related Parties Direct and Indirect Associated Companies Subsidiaries Other Related Parties Other 238, , , Rural Property Inventories 232, , , Receivables from derivatives - commodities 5, Receivables from derivatives - currency Receivables from derivatives - index Permanent Assets 103,359 68,400 16, Investments 6,979 6,915 4, In Direct and Indirect Associated Companies 6,979 6,915 4, In Subsidiaries Other Investments Property, Plant and Equipment 95,487 60,092 10, Rural Properties Lands and Farm Facilities 31,139 30,860 9, Operating Assets 7,567 3, Refurbishments and Improvements 1,916 1, Construction in Progress 2,123 9, Permanent Crop - Construction in Progress 0 14, Permanent Crop 52, Intangible Deferred 893 1,393 1, Research and Development Expenses General Pre-Operating Expenses Soil Preparation and Cleaning Expenses

16 Voluntary New Presentation IDENTIFICATION 1 - CVM CODE COMPANY NAME 3 - CNPJ (Corporate Taxpayer s ID) BRASILAGRO CIA BRAS PROPRIEDADES AGRICOL / CONSOLIDATED BALANCE SHEET - LIABILITIES (in thousands of reais) 1 - CODE 2 DESCRIPTION 3 06/30/ /30/ /30/ Total Liabilities 678, , , Current Liabilities 74, ,759 78, Loans and Financing 15, Debentures Suppliers 1,490 2, Taxes, Fees and Contributions 4,543 5,692 5, Withholding Taxes and Contributions Taxes and Contributions on Revenues Income Tax and Social Contribution Payable 2,273 2,132 5,190 Provision for Deferred Income Tax and Social Contribution 1,691 3, Dividends Payable 2 1, Provisions Debts with Related Parties Partners Checking Account Payable Other 52,904 94,361 72, Payroll and Social Charges Payable 3,128 4,687 1, Acquisitions Payable Current 47,780 86,610 71, Liabilities Payable Bank Liabilities Payables from derivatives - commodities 0 1, Payables from derivatives - currency 519 1, Payables from derivatives - index Advance for Future Capital Increase 1, Non-Current Liabilities 25,317 21,056 17, Long-Term Liabilities 25,317 21,056 17, Loans and Financing 9,759 1, Debentures Provisions Debts with Related Parties Advance for Future Capital Increase Other 15,558 19,715 17, Long-term Acquisitions Payable 0 12,100 15, Payables from derivatives - commodities Payables from derivatives - currency Payables from derivatives - index Provision for Tax and Contributions 14,921 6,856 1, Deferred Income Minority Interest 2,500 3, Shareholders Equity 576, , , Paid-up Capital Stock 584, , , Cash Private Subscription - Country

17 Voluntary New Presentation IDENTIFICATION 1 - CVM CODE COMPANY NAME 3 - CNPJ (Corporate Taxpayer s ID) BRASILAGRO CIA BRAS PROPRIEDADES AGRICOL / CONSOLIDATED BALANCE SHEET - LIABILITIES (in thousands of reais) 1 - CODE 2 DESCRIPTION 3 06/30/ /30/ /30/ Cash Private Subscription - Abroad Public Subscription 583, , , Capital Reserves 0 3, Legal Reserve Reserve for Investment and Expansion 0 3, Revaluation Reserves Own Assets Subsidiaries/Direct and Indirect Associated Companies Profit Reserves Legal Statutory For Contingencies Unrealized Income Profit Retention Special for Non-Distributed Dividends Other Profit Reserves Assets Valuation Adjustments Securities Adjustments Accumulated Translation Adjustments Business Combination Adjustments Retained Earnings/Accumulated Losses (7,472) (12,973) (13,755) Advance for Future Capital Increase

18 Voluntary New Presentation IDENTIFICATION 1 - CVM CODE COMPANY NAME 3 - CNPJ (Corporate Taxpayer s ID) BRASILAGRO CIA BRAS PROPRIEDADES AGRICOL / CONSOLIDATED INCOME STATEMENT (in thousands of reais) 1 - CODE 2 DESCRIPTION 3 07/01/2008 to 06/30/ /01/2007 to 06/30/ /01/2006 to 06/30/ Gross Revenue from Sales and/or Services 36,653 46, Revenues from Land Leasing Revenues from Grain sales 35,994 19, Revenues from Sugarcane Sales 88 4, Income from Byproducts and Other Income from Real Estates 0 21, Gross Revenue Deductions (1,369) (1,169) (39) Tax on Lease Revenues (404) (134) (39) Tax on Revenues from Grain Sales (965) (911) Taxes on Real Estate Sales 0 (124) Net Revenue from Sales and/or Services 35,284 45, Cost of Goods and/or Services Sold (35,905) (30,061) Gross Income (621) 15, Operating Expenses/Income 4,726 3,223 26, Selling (1,172) (657) General and Administrative (21,756) (19,667) (12,795) Administrative Expenses (688) (1,529) (691) Fee Expenses (9,481) (7,766) (7,189) Personnel Expenditures (7,116) (5,728) (3,728) Share Placement Expenditures (1,897) 0 (165) Depreciation and Amortization Expenses (540) (542) (401) Other General and Administrative Expenses (2,034) (4,102) (621) Financial 27,641 35,989 56, Financial Income 32,313 42,705 60, Fund Investments Yield 35,806 43,919 54, Exchange Variation on Liabilities (4,303) 6,166 5, Monetary Variation on Liabilities (2,923) (10,186) Interest Income 2, Derivatives realized income commodities 5,390 (1,799) Derivatives realized income currency (7,913) (1,490) Derivatives realized income indexes 2, (156) Derivatives income - outstanding commodities 6, Derivatives income - outstanding currency (1,403) 1, Derivatives income outstanding indexes (3,071) 3, Financial Expenses (4,672) (6,716) (3,547) Banking Expenses and Charges (4,672) (6,716) (3,547) Other Operating Income 13 (3,447) Other Operating Expenses Equity in the Earnings of Subsidiaries 0 (8,995) (17,709) Equity on Foreign Subsidiaries Exchange Variation on Investments Abroad 0 (8,995) (17,709) 18

19 Voluntary New Presentation IDENTIFICATION 1 - CVM CODE COMPANY NAME 3 - CNPJ (Corporate Taxpayer s ID) BRASILAGRO CIA BRAS PROPRIEDADES AGRICOL / CONSOLIDATED INCOME STATEMENT (in thousands of reais) 1 - CODE 2 DESCRIPTION 3 07/01/2008 to 06/30/ /01/2007 to 06/30/ /01/2006 to 06/30/ Equity on Local Subsidiary Operating Income 4,105 18,551 26, Non-Operating Income (508) Revenues (508) Expenses Income Before Tax/Holdings 3,597 18,551 26, Provision for Income Tax and Social Contribution (1,748) (10,495) (5,091) 3.11 Deferred Income Tax (1,436) (2,793) (4,529) 3.12 Statutory Holdings/Contributions Holdings Contributions Reversal of Interest on Own Capital Minority Interest (11) 3.15 Income/Loss for the Period 950 5,541 17,159 No. SHARES, EX-TREASURY (Units) 58,422,400 58,422, ,224 EARNINGS PER SHARE (Reais) LOSS PER SHARE (Reais) 19

20 Voluntary New Presentation IDENTIFICATION 1 - CVM CODE COMPANY NAME 3 - CNPJ (Corporate Taxpayer s ID) BRASILAGRO CIA BRAS PROPRIEDADES AGRICOL / CONSOLIDATED STATEMENT OF CASH FLOWS INDIRECT METHOD (in thousands of reais) 1 - CODE 2 DESCRIPTION 3 07/01/2008 to 06/30/ /01/2007 to 06/30/ /01/2006 to 06/30/ Net Cash from Operating Activities 16,638 (35,177) 31, Cash Generated in the Operations 13,642 (4,159) 13, Income for the Period 950 5,541 17, Depreciation, Amortization and Depletion 4,639 2, Exchange Variation Over Investments 0 1, Exchange Variation and Interest Over Liabilities 7,226 4,020 (5,351) Unrealized Income from Derivatives Operations (1,912) (4,839) Deferred Income Tax 1,436 (608) 1, Interest on Financing 1, (286) Net Write-Offs of Property, Plant and Equipment Other Operating Income/Expenses 508 (775) Gains from Properties Sold 0 (11,258) Minority Interest (537) (278) Variation on Assets and Liabilities 2,996 (31,018) 17, (Increase) decrease in Securities , (Increase) decrease in Clients 16,389 (13,535) (284) (Increase) decrease in Tax Credits (9,558) 3,631 (4,736) (Increase) decrease in Prepaid Expenses and Advances (330) (1,487) (Increase) in Other Credits (13,523) (727) (151) (Increase) in Inventories 911 (24,613) 3, (Increase) decrease in Short-Term Investments (64) (1,537) (Increase) decrease in Suppliers (666) 1, Decrease in Taxes and Contributions Payable , (Increase) decrease in Payroll and Charges (1,558) 3,403 1, Increase in Related Parties Liabilities 0 0 (437) Increase (decrease) in Other Liabilities 1, (496) (Increase) decrease in Derivatives Operations (228) 1, Decrease in Acquisitions Payable 10, Other Net Cash from Investment Activities (105,274) (138,875) (67,471) Additions to Property, Plant and Equipment (36,238) (27,825) (4,965) Additions to Deferred Charges 0 (10,859) (463) Payment for Farms Purchased (72,378) (100,318) (56,875) Increase in Investments and Interest 0 (3,273) (5,168) Receipt Due to Properties Sold 3,342 3, Net Cash from Financing Activities 21,243 4,085 (13) Investment of capital Minority Shareholders of Subsidiaries 883 2, Loans and Financing Obtained 23,010 1, (Increase) in Long-Term Assets 0 0 (13) Dividends Payable (1,128) Payment of Loans and Financing (1,522)

21 Voluntary New Presentation IDENTIFICATION 1 - CVM CODE COMPANY NAME 3 - CNPJ (Corporate Taxpayer s ID) BRASILAGRO CIA BRAS PROPRIEDADES AGRICOL / CONSOLIDATED STATEMENT OF CASH FLOWS INDIRECT METHOD (in thousands of reais) 1 - CODE 2 DESCRIPTION 3 07/01/2008 to 06/30/ /01/2007 to 06/30/ /01/2006 to 06/30/ Exchange Variation on Cash and Cash Equivalents Increase (decrease) in Cash and Cash Equivalents (67,393) (169,967) (35,822) Opening Balance of Cash and Cash Equivalents 331, , , Closing Balance of Cash and Cash Equivalents 264, , ,730 21

22 Voluntary New Presentation IDENTIFICATION 1 - CVM CODE COMPANY NAME BRASILAGRO CIA BRAS PROPRIEDADES AGRICOL 3 - CNPJ (Corporate Taxpayer s ID) / CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS EQUITY FROM 07/01/2008 TO 06/30/2009 (in thousands of reais) 1 - CODE 2 - DESCRIPTION 3 CAPITAL STOCK 4 CAPITAL RESERVES 5 REVALUATION RESERVES 6 PROFIT RESERVES 7 RETAINED EARNINGS/ACCUMULATED LOSSES 8 ASSETS VALUTATION ADJUSTMENTS 9 - TOTAL SHAREHOLDERS EQUITY 5.01 Opening Balance 584, ,629 (12,973) 0 574, Adjustments of Previous Years Adjusted Balance 584, ,629 (12,051) 0 575, Income/Loss for the Year Allocations Dividends Interest on Own Capital Other Allocations Realization of Profit Reserves (3,629) 3, Loss Absorption with Reserves (3,629) 3, Assets Valuation Adjustments Securities Adjustments Accumulated Translation Adjustments Business Combination Adjustments Increase/Decrease in Capital Stock Recording/Realization of Capital Reserves Treasury Shares Other Capital Transactions Other Closing Balance 584, (7,472) 0 576,752 22

23 Voluntary New Presentation IDENTIFICATION 1 - CVM CODE COMPANY NAME BRASILAGRO CIA BRAS PROPRIEDADES AGRICOL 3 - CNPJ (Corporate Taxpayer s ID) / CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS EQUITY FROM 07/01/2007 TO 06/30/2008 (in thousands of reais) 1 - CODE 2 - DESCRIPTION 3 CAPITAL STOCK 4 CAPITAL RESERVES 5 REVALUATION RESERVES 6 PROFIT RESERVES 7 RETAINED EARNINGS/ACCUMULATED LOSSES 8 ASSETS VALUTATION ADJUSTMENTS 9 - TOTAL SHAREHOLDERS EQUITY 5.01 Opening Balance 584, (13,755) 0 570, Adjustments of Previous Years Adjusted Balance 584, (13,755) 0 570, Income/Loss for the Year , , Allocations (1,130) 0 (1,130) Dividends (1,130) 0 (1,130) Interest on Own Capital Other Allocations Realization of Profit Reserves ,629 (3,629) Mandatory Legal Reserve Recorded (238) Reserve for Expansion ,391 (3,391) Assets Valuation Adjustments Securities Adjustments Accumulated Translation Adjustments Business Combination Adjustments Increase/Decrease in Capital Stock Recording/Realization of Capital 5.09 Reserves Treasury Shares Other Capital Transactions Other Closing Balance 584, ,629 (12,973) 0 574,880 23

24 Voluntary New Presentation IDENTIFICATION 1 - CVM CODE COMPANY NAME BRASILAGRO CIA BRAS PROPRIEDADES AGRICOL 3 - CNPJ (Corporate Taxpayer s ID) / CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS EQUITY FROM 07/01/2006 TO 06/30/2007 (in thousands of reais) 1 - CODE 2 - DESCRIPTION 3 CAPITAL STOCK 4 CAPITAL RESERVES 5 REVALUATION RESERVES 6 PROFIT RESERVES 7 RETAINED EARNINGS/ACCUMULATED LOSSES 8 ASSETS VALUTATION ADJUSTMENTS 9 - TOTAL SHAREHOLDERS EQUITY 5.01 Opening Balance 584, (30,914) 0 553, Adjustments of Previous Years Adjusted Balance 584, (30,914) 0 553, Income/Loss for the Year , , Allocations Dividends Interest on Own Capital Other Allocations Realization of Profit Reserves Mandatory Legal Reserve Recorded Reserve for Expansion Assets Valuation Adjustments Securities Adjustments Accumulated Translation Adjustments Business Combination Adjustments Increase/Decrease in Capital Stock Recording/Realization of Capital 5.09 Reserves Treasury Shares Other Capital Transactions Other Closing Balance 584, (13,755) 0 570,469 24

25 Voluntary New Presentation MANAGEMENT REPORT IDENTIFICATION 1 - CVM CODE COMPANY NAME 3 - CNPJ (Corporate Taxpayer s ID) BRASILAGRO CIA BRAS PROPRIEDADES AGRICOL / CONSOLIDATED STATEMENT OF VALUE ADDED (in thousands of reais) 1 - CODE 2 - DESCRIPTION 3 07/01/2008 to 06/30/ /01/2007 to 06/30/ /01/2006 to 06/30/ Revenues 35, Sale of Goods, Products and Services 36, Other Revenues (431) 0 0 Revenues related to the Construction of Own Assets Allowance for/reversal of Doubtful Accounts Input Acquired from Third Parties (48,073) Cost of Products, Goods and Services Sold (31,434) Materials Energy Third Party Services - Other (15,374) Loss/Recovery of Assets (1,265) Other Gross Value Added (12,154) Retention (606) Depreciation, Amortization and Depletion (606) Other Net Value Added Produced (12,760) Value Added Received in Transfers 39, Equity in the Earnings of Subsidiaries Financial Revenues 39, Other Total Value Added to Distribute 26, Allocation of Value Added 26, Personnel 9, Direct Compensation 7, Benefits Government Severance Indemnity Fund for Employees (FGTS) Other Taxes, Fees and Contributions 4, Federal 3, State Municipal Third Parties Capital Remuneration 12, Interest Rates 11, Rentals Other Remuneration of Equity Capital Interest on Own Capital Dividends Retained/Accumulated Losses for the Period Minority Interest Retained Earnings (537) Other

26 REPORT OF INDEPENDENT AUDITORS UNQUALIFIED OPINION Report of Independent Auditors To the Board of Directors and Management of BrasilAgro Companhia Brasileira de Propriedades Agrícolas São Paulo - SP 1 We have examined the balance sheets of Brasilagro Companhia Brasileira de Propriedades Agrícolas and the consolidated balance sheets of Brasilagro Companhia Brasileira de Propriedades Agrícolas and its subsidiaries on and 2008, as well as the respective statements of income, changes in shareholders equity and cash flows and value added of the Company and the respective consolidated statements of income, cash flows and value added for the years ended on those dates, prepared under the responsibility of the Company s Management. Our responsibility is to issue a report on these financial statements. 2 Our audit was conducted in accordance with the audit rules applicable in Brazil, which require the audits to be carried out with the purpose of evidencing that the financial statements were properly presented in their all material respects. Therefore, our audit comprised, among other procedures: (a) work planning, taking into account the relevance of balances, the volume of transactions and the Company s accounting and internal controls systems, (b) the verification, based on tests, of the evidence and records that support the amounts and accounting information disclosed and (c) the evaluation of the most significant accounting practices and estimates adopted by the Company s Management, as well as the presentation of financial statements taken as a whole. 3 In our opinion, said financial statements fairly present, in all their material aspects, the equity and financial condition of Brasilagro Companhia Brasileira de Propriedades Agrícolas and Brasilagro Companhia Brasileira de Propriedades Agrícolas and its subsidiaries on June 30, 2009 and 2008, as well as the result of operations, the changes in shareholders equity, the cash flows and the value added in the Company s operations related to the years ended on those dates, as well as the consolidated result of operations, consolidated cash flows and value added in the operations for said years, in accordance with the accounting practices adopted in Brazil. 4 As mentioned in Note 2 (a) to the financial statements, as a result of changes in the accounting practices adopted in Brazil during 2008, the financial statements related to the previous year, presented for comparison purposes, were adjusted and have been re-submitted as provided for in NPC 12 Accounting Practices, Changes in the Accounting Estimates and Correction of Errors. São Paulo, September 2, 2009 PricewaterhouseCoopers Auditores Independentes CRC 2SP000160/O-5 Wander Rodrigues Teles Accountant CRC 1DF005919/O-3 S SP 26

27 MANAGEMENT REPORT Dear Shareholders: In compliance with the legal and statutory provisions, we submit to your examination the Financial Statements referring to the year ended on. Our main activity consists of the acquisition of rural properties with high production potential and, consequently, high valuation potential, mainly located in strategic areas of the Brazilian cerrado lands. In these properties, we invested in the implementation of proper infrastructure and developed several agribusiness activities (such as grains, sugarcane, cattle raising and forests), with the main purpose of valuating them for an eventual future sale. Our property portfolio is currently comprised of eight farms, located in the states of Bahia, Goiás, Mato Grosso, Minas Gerais and Piauí, with a total area of 165,373 hectares. In September 2008, the Company acquired the Preferência Farm, with a total area of 16,830 hectares, located in the city of Barreiras, state of Bahia. Brasilagro initially plans to develop cattle-raising activity at this property. The 2008/2009 crop was a remarkable year for Brasilagro. We increased the planted area by 52% y-o-y. We planted 19,632 hectares of soybean, 4,722 hectares of corn (crop and safrinha ), 1,000 hectares of rice, 1,728 hectares of sorghum ( safrinha ) and 6,422 hectares of sugarcane, totaling a planted area of 33,504 hectares, comprising the Alto Taquari, Araucária, Chaparral, Cremaq, Jatobá and São Pedro farms. Proceeding with the expansion plan, for the 2009/2010 crop, the Company plans to significantly increasing the planted area, comprising soybean, corn, sorghum, rice, sugarcane, pasture and forests. The Company implemented a business management integrated system allowing quality information to be available in real time. It makes information flow to be more efficient and accordingly, the procedures standardization and higher productivity. Out of the R$ million raised in the IPO, R$263.3 million or approximately 48% are already earmarked to the acquisitions announced, and this amount does not include any investments linked to the conversion of lands and implementation of projects. Given all the initiatives taken throughout this year and the prospects in relation to business opportunities that the Company has been exploring, we feel rather optimistic towards the attainment of our goals. The Company is bound by arbitration at the Market Arbitration Panel, as per Arbitration Clause included in its Bylaws. We remain at your disposal to provide any further information. São Paulo, September 3, Carlos Aguiar Neto Investor Relations Officer 27

28 1 Business Overview The Company was incorporated on September 23, 2005 and is headquartered in São Paulo and it has branches in the States of Bahia, Goiás, Mato Grosso, Minas Gerais and Piauí. Pursuant to the Bylaws, the corporate purpose is: (a) exploration of agriculture, cattle raising and forestry activities of any kind and nature as well as directly or indirectly related services; (b) import and export of agricultural products and inputs and related to the cattle raising activity, (c) purchase, sale and/or leasing of properties, lands, buildings and real estate in rural and/or urban areas, (d) real estate intermediation involving any type of operations, (e) investment, as a partner, in other companies, either civil or commercial, and in business undertakings of any nature, in Brazil and/or abroad, either directly or indirectly related to the purposes described herein, and (f) management of own and third parties assets. The Company, which currently has ten farms in five Brazilian states, a total area of 165,373 hectares, aims at consolidating its position as one of the major companies operating in the agribusiness segment in Brazil by means of: (a) the acquisition of new farms and the start of a production expansion strategy; (b) optimization of productive processes; (c) geographic and productive diversification; and (d) sale of farms acquired, once the intended valuation is obtained or their agribusiness productive potential is reached. The subsidiaries Cremaq Ltda. ( Cremaq ), Engenho de Maracajú Ltda. ( Engenho ), Jaborandi Propriedades Agrícolas S.A. ( Jaborandí ), Araucária Ltda. ( Araucária ), Mogno Ltda. ( Mogno ) and Cajueiro Ltda. ( Cajueiro ) have as purpose the purchase and sale of properties, lands, buildings and real estates in rural and/or urban areas. As authorized in their respective bylaws and charters, while the real estate properties belonging to said companies are not sold, these may be purpose of lease to third parties, but only as a strategy to ease their valuation. (a) Acquisition of farms in the year On September 11, 2008, Cajueiro entered into an Irrevocable and Irreversible Purchase and Sale Agreement of Rural Properties for the Purchase of Preferência Farm, totaling 16,830 hectares located in the city of Barreiras, state of Bahia. On September 11, the first installment was paid and the property was vested. Initially, the Company plans to develop cattle-raising activity and grain plantation. (b) Start of cultivation activities and exploration of farms The Company has as guideline not to record any capital provision for machinery purchase, it and has entered into agreement with various outsourced contractors for the execution of farm activities, considering that these partners have experience and already made investments in technology with a view to optimizing the productive processes. During this period, the Company carried out activities for preparing the soil of Cerrado lands and planting activities. The following table shows the status on of several areas where plantation previous works are in progress on this date (information unaudited by the auditors): 28