Adecoagro S.A.(AGRO)
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Adecoagro S.A.(AGRO) - 2021 Q4 - Annual Report
2022-04-28 00:00
融资风险 - 公司可能需要额外的资金,但获取资金的能力受到多种不确定因素的影响[140][141] - 全球金融市场动荡可能影响投资者对公司的看好程度,并使公司未来融资变得困难[190] - 阿根廷政府债务违约可能限制公司获取国际融资[222][223][224] 税务风险 - 公司可能被美国国税局认定为美国国内公司,这可能大幅增加其美国联邦所得税负担[142][144] - 公司可能被美国国税局认定为被动外国投资公司(PFIC),这可能对美国投资者产生不利税务后果[145] - 巴西和阿根廷的税法变化可能增加公司的税收负担,对经营业绩产生不利影响[253,255,256,257,258,260] - 公司在巴西获得的某些税收优惠可能无法延续或续期,对经营造成不利影响[261,262] 合规风险 - 公司需要遵守多国的反腐败、反洗钱等法律法规,违反相关法规可能会对公司声誉、业务、财务状况和经营业绩产生重大不利影响[146][147][148][151][152] - 公司面临数据保护法规的合规风险,如巴西《通用数据保护法》,违规可能会受到罚款等处罚[166,167,169,170,171] 供应链和物流风险 - 俄罗斯与乌克兰冲突可能会对公司的供应链和业务产生不利影响,特别是在获取化肥方面[153][154][155] - 基础设施投资不足可能影响公司产品运输和交付[215][216][217] - 罢工等物流中断事件可能对公司供应链造成干扰[218][219][221] 技术风险 - 技术进步或替代产品的出现可能会影响公司产品和服务的需求,要求公司进行大量资本投资以保持竞争力[157][158] - 公司的信息技术基础设施和信息可能遭到黑客攻击或其他中断,这可能会对公司的业务和声誉造成损害[159][160] - 公司依赖信息技术系统,任何系统故障都可能对业务造成不利影响[161] - 公司存储大量机密信息,如果信息泄露可能会受到民事和刑事处罚,影响品牌声誉和客户信心[162,163,164] 新兴市场风险 - 公司的经营可能受到第三方干扰,如非法占领土地、阻碍运输等,可能导致运营中断和法律纠纷[172,173,174] - 公司在南美新兴市场经营,受当地经济政治环境的影响较大,如阿根廷和巴西的通胀、货币贬值等[175,177,178,179,180,181] - 公司业务可能受到巴西和阿根廷经济和政治事件的影响[182,184] - 阿根廷政府曾多次干预经济并实施价格管制等措施,这可能对公司业务产生不利影响[199] - 巴西政府也曾频繁干预经济并做出重大政策调整,未来政策走向存在不确定性[200,202] - 当地货币兑美元汇率波动可能对公司的财务报表产生不利影响[203] - 大宗商品价格波动和天气状况可能对阿根廷和巴西的经济增长产生不利影响[193] - 阿根廷和巴西货币汇率波动频繁,可能对公司经营产生负面影响[204][205] - 阿根廷和巴西高通胀率可能导致公司成本上升,影响经营业绩[207][209] - 阿根廷比索和巴西雷亚尔贬值可能导致公司外币债务偿付能力下降[210][214] - 阿根廷政府未能充分解决实际和感知的制度腐败风险可能会对公司经营所在的新兴市场经济和财务状况产生不利影响[233] - 阿根廷和巴西的土地外国所有权法律可能会限制公司在这些国家进一步收购农村土地的能力,从而对公司的财务状况和经营业绩产生不利影响[237,238,240,244] - 阿根廷和巴西政府实施了外汇管制政策,可能限制公司获取外汇和进行海外支付[249,250,251,252] 股东权益保护风险 - 公司作为"外国私人发行人"豁免遵守美国证券法的某些规则,导致投资者获得的信息较少[269] - 在美国起诉公司及其高管的难度较大[270,271,272,273,274] - 公司股东保护权利可能较美国公司的股东更弱[275,276,277] - 公司无法频繁派发股息,仅能每年一次[279,280,281,282] 其他风险 - 公司股价可能会高度波动[265] - 巴西政府对甘蔗收割过程中焚烧的限制可能增加公司的投资成本[263,264]
Adecoagro S.A.(AGRO) - 2021 Q4 - Earnings Call Transcript
2022-03-16 02:01
Adecoagro S.A. (NYSE:AGRO) Q4 2021 Earnings Conference Call March 15, 2022 9:00 AM ET Company Participants Mariano Bosch - CEO Charlie Boero Hughes - CFO Renato Junqueira Santos Pereira - Director, Sugar & Ethanol Operations Conference Call Participants Isabella Simonato - Bank of America Thiago Duarte - BTG Pactual Lucas Ferreira - JPMorgan Operator Good morning, ladies and gentlemen, and thank you for waiting. At this time, we would like to welcome everyone to Adecoagro’s Fourth Quarter 2021 Results Confe ...
Adecoagro S.A.(AGRO) - 2021 Q3 - Earnings Call Transcript
2021-11-13 03:32
Adecoagro S.A. (NYSE:AGRO) Q3 2021 Earnings Conference Call November 12, 2021 8:00 AM ET Company Participants Mariano Bosch - Chief Executive Officer Charlie Boero Hughes - Chief Financial Officer Renato Junqueira-Santos Pereira - Director, Sugar and Ethanol Operations Conference Call Participants Guilherme Palhares - Bank of America Thiago Duarte - BTG Pactual Christian Audi - Santander Lucas Ferreira - JPMorgan Operator Good morning ladies and gentlemen and thank you for waiting. At this time, we would li ...
Adecoagro S.A.(AGRO) - 2021 Q2 - Earnings Call Transcript
2021-08-14 04:23
Adecoagro S.A. (NYSE:AGRO) Q2 2021 Earnings Conference Call August 13, 2021 10:00 AM ET Company Participants Mariano Bosch - Chief Executive Officer Charlie Boero Hughes - Chief Financial Officer Renato Junqueira-Santos Pereira - Director, Sugar and Ethanol Operations Conference Call Participants Guilherme Palhares - Bank of America Lucas Ferreira - JPMorgan Operator Good morning and welcome, ladies and gentlemen and thank you for waiting. At this time, we would like to welcome everyone to Adecoagro’s Secon ...
Adecoagro S.A.(AGRO) - 2021 Q1 - Earnings Call Transcript
2021-05-15 03:06
Adecoagro S.A. (NYSE:AGRO) Q1 2021 Earnings Conference Call May 14, 2021 9:00 AM ET Company Participants Mariano Bosch - Chief Executive Officer Charlie Boero Hughes - Chief Financial Officer Juan Ignacio Galleano - Investor Relations Manager Renato Junqueira-Santos Pereira - Director, Sugar and Ethanol Operations Conference Call Participants Thiago Duarte - BTG Pactual Lucas Ferreira - JP Morgan Guilherme Palhares - Bank of America Operator Good morning, ladies and gentlemen, and thank you for waiting. At ...
Adecoagro S.A.(AGRO) - 2020 Q4 - Annual Report
2021-04-29 00:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 20-F ¨ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR þ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED ON DECEMBER 31, 2020 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO ________________ OR ¨ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR ...
Adecoagro S.A.(AGRO) - 2020 Q2 - Earnings Call Transcript
2020-08-15 01:27
Adecoagro SA (NYSE:AGRO) Q2 2020 Earnings Conference Call August 14, 2020 9:00 AM ET Company Participants Mariano Bosch - Co-Founder, CEO & Director Charlie Boero Hughes - CFO Renato Junqueira-Santos Pereira - Director, Sugar & Ethanol Operations Conference Call Participants Pedro Soares - BTG Pactual Lucas Ferreira - JPMorgan Chase & Co. Fernanda Cunha - Citigroup Santhosh Seshadri - HSBC Operator Good morning, ladies and gentlemen, and thank you for waiting. At this time, we would like to welcome everyone ...