BP Bunge Bioenergia, one of the Brazilians leaders in the markets of ethanol, bioelectricity and sugar, was considered the best company in the sector of Bioenergy by Valor 1000 yearbook – the largest and more important publication of Brazilian companies edited by Valor Econômico newspaper, which brings exclusive indicators of assessment and ranking of the 1000 largest companies of the country per net revenue. The award ceremony was held on the last Monday (August 28), at a closed event only for invited persons, held by Editora Globo, in São Paulo (SP).
“Won first place among bioenergy companies is a great recognition of dedication and professionalism of our more than 8500 employees and business partners, over almost 4 years of operation. BP Bunge was born with a very rich portfolio, with production of ethanol, sugar and bioenergy, in addition to a relevant regional diversity, since our 11 units are distributed in five Brazilian States”, comments Mario Lindenhayn, Chief Executive Officer of BP Bunge.
According to the Chief Executive Officer, who represented the company at the award event, so far, the company’s history can be divided into two phases: the first one required a great operational and financial discipline; while the second brought the consolidation of BP Bunge in the segment, as a consequence of a very strong commitment from partners in the implementation and turnaround of the business.
In this edition of the yearbook, prepared following the criteria approved by Escola de Administração de Empresas de São Paulo da Fundação Getulio Vargas [School of Business Administration of São Paulo’s Getúlio Vargas Foundation] (FGV EAESP), with seal of approval from Serasa Experian, the choice of companies that stood out in the sector was made in two stages. The first consisted of assessing companies according to six accounting and financial criteria: net income; EBITDA margin; equity profitability; average annual net revenue growth over the last five years; financial leverage; and interest coverage. The three companies with the highest scores followed a committee made up of eight market professionals, who awarded points to the finalists according to their ESG practices. The big winner in the sector was recognized for its financial performance and for its actions directed to environmental, social and governance practices.
Solid and fast-growing business
In this short time, the company, which was founded at the end of 2019 from the combination of the local business of BP and Bunge, has based its successful trajectory with the evolution of financial performance indicators, operational performance and generation of social and environmental value.
The company’s figures for the period endorse not only the prominent position of BP Bunge among the largest companies in the bioenergy sector, but also confirm the achievement of the Valor 1000 podium. In the first harvest (2020/2021) the company had net revenue of BRL 6.1 billion, an indicator that increased by almost 30% in the most recent harvest (2022/2023), increasing to BRL 7.9 billion. In the same period, EBITDA grew by around 26%, going from BRL 3.1 billion to BRL 3.9 billion. With a milling capacity of 32.4 million tons of sugarcane, the company grew, in the last harvest alone, around 8% in this indicator, reaching the mark of 25.3 million tons of sugarcane processed.