Cosan SA (BSP:CSAN3)
R$ 8.36 -0.18 (-2.11%) Market Cap: 15.91 Bil Enterprise Value: 93.91 Bil PE Ratio: 6.98 PB Ratio: 0.78 GF Score: 77/100

Q3 2020 Cosan SA Earnings Call Transcript

Nov 16, 2020 / 02:00PM GMT
Release Date Price: R$19.98 (+1.90%)
Operator

(foreign language)

Phillipe Casale
Cosan S.A. - IR Executive Manager

(foreign language) I would like to update you in 2 key initiatives here in Brazil. First, the Nós Group, our JV in the convenience and proximity stores segment. Following a period of intensive planning and development, we are now positioned to open the first store of our own with OXXO brand this year while opening new Shell Select stores at service stations, mainly under the standard franchisee agreement. For this first year of operation, the plan is to grow around 10% the number of total stores and we will probably close the year-end with over 1,100 stores. Adding to this expansion, we will open our first distribution center in São Paulo state this year.

The second update is Shell Box. The last time we spoke about the Raízen client relationship platform was in March during Cosan Day. At that time, we presented a number of 600,000 transactions a month since then, which considered the pandemic outbreak in Brazil. This transaction metric has doubled and we have currently surpassed 1

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