COSAN S.A. INDÚSTRIA E COMÉRCIO

Corporate Taxpayer ID (CNPJ): 50.746.577/0001-15

Company Registry (NIRE): 35.300.177.045

Publicly Held Company

MATERIAL FACT

Cosan S/A Indústria e Comercio ("Cosan" or "Company") ("B3": CSAN3), in compliance with article 157, paragraph 4 of Federal Law 6,404/76 and Instruction 358/02 and 480/09 issued by the Securities and Exchange Commission of Brazil (CVM), hereby discloses to its shareholders and the market the financial and operating guidance for 2018, as shown in the table below.

Actual

Guidance

2017

2018

(Jan-Dec)

(Jan-Dec)

Pro forma Net Revenue (BRL mln)

Pro formaEBITDA17 (BRL mIn)

49,368 5,134

AjustedEBITDA17 (BRL mIn)

CAPEX (BRL mIn)

2,939 781

Total Volume Sold, excluding Thermo ('000 cbm)

4,292

Normalized EBITDA18 (BRL mIn)

CAPEX (BRL mIn)

1,737 460

EBITDA (BRL mIn)

175

Actual

GuidancePreliminary GuidanceCrop Year 2016/17

Crop Year 2017/18

Crop Year 2018/19

(Apr/16-Mar/17)

(Apr/17-Mar/18)

(Apr/18-Mar/19)

Raízen Energia

Volume of Energy Sold ('000 of MWh)

2,802

2,200 ≤ ∆ ≤ 2,400

AdjustedEBITDA17 (BRL mln)

3,078

3,900 ≤ ∆ ≤ 4,300

CAPEX (BRL mln)

2,088

2,300 ≤ ∆ ≤ 2,600

Main Assumptions:

Volume of Sugarcane Crushed ('000 tons)

Volume of Sugar Produced ('000 tons)

Volume of Ethanol Produced (million liters)

59,391 4,227 1,990

59,000 ≤ ∆ ≤ 63,000 4,300 ≤ ∆ ≤ 4,700 2,000 ≤ ∆ ≤ 2,300

2,500 ≤ ∆ ≤ 2,700 3,400 ≤ ∆ ≤ 3,800 2,400 ≤ ∆ ≤ 2,700

  • (i) Raízen Energia reports in crop year, which starts in April and ends in March of the following year. Hence, the guidance announced considers the results from the same period.

  • (ii) Cosan Consolidated Proforma EBITDA considers in both actual and guidance, the adjustments that are highlighted in the Company's earnings releases each quarter, that is, reflecting the recurring results of

    operations, excluding any one-off effects.

  • (iii) The macroeconomic assumptions are based on data from specialized outsourced consultants.

The information provided in this document is only an estimate about the businesses and projections of operating and financial results and, as such, is based primarily on management's beliefs and assumptions. Such estimates

are subject to diverse risk factors and uncertainties, and are based on information currently available, substantially depending on market conditions, performance of the Brazilian economy, the industries operated by the Company

and its subsidiaries and international markets and, hence, are subject to change. In view of these uncertainties, investors should not take any investment decision based on these estimates and forward-looking statements, as they are not guarantee of performance. Any change in the perception or in the aforementioned factors can cause actual results to differ from the projections made and disclosed.

São Paulo, February 22, 2018

Guilherme Lelis Bernardo Machado

Investor Relations Officer

Cosan SA Indústria e Comércio published this content on 22 February 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 22 February 2018 22:31:05 UTC.