Cresud Sa · BCBA:CRES
Cresud Sa — Cresud S.A.C.I.F. y A. — Investor Presentation (2026)
21 slides from Cresud Sa's investor presentation, 2026
Slide 1: Institutional Presentation IIQ 2026
Institutional Presentation IIQ 2026 Maximizing Agricultural Potential
Slide 2: Corporate Structure
Corporate Structure More Than 30 Years Investing In Real Assets FLOAT 64% 100% 35.4% 51.2% 18.3% 51.6% Farms in Argentina +34,86% Farms in Brazil, Agricultural Agribusiness Urban Business Bolivia & Paraguay Commercial Services Marketplace 29.1% 2
Slide 3: Leading Agribusiness In The Region Since 1994
Leading Agribusiness In The Region Since 1994 Historical Milestones Portfolio (Th. Ha) 874 Current Management Foundation Expansion to Brazil BrasilAgro listed Fyo Brazil Takes Control IPO USD 276 MM on NYSE 1960 20 1997 2008/9 2015 2020/21 1936 1994 1999 2006 2012 2022/23 Listed on BYMA Listed on NA
Slide 4: Farmland Portfolio Evolution
Farmland Portfolio Evolution Expanding Our Agribusiness Model From Argentina To The Region 880 874 Th. Ha. 132 15% LT Concessions 146 17% Leased 564 477 325 596 68% Owned 20 1994 1995 1998 2006 2010 2026E Growth In Argentina Regional Expansion Development & Sale Phase Consolidating The Model 4
Slide 5: Current Regional Agribusiness Portfolio
Current Regional Agribusiness Portfolio Through CRESUD, BrasilAgro & Subsidiaries Under Management 874,400 ha 68% owned, 17% leased & 15% LT concession 26 Farms Across The Region Productive hectares 430,300 ha 63% crop & 37% cattle (Biond) 444,100 ha Land Reserves BrasilAgro farms CRESUD farms Lease
Slide 6: Agribusiness Strategy
Agribusiness Strategy 1 Farming Activity Producing Food For A Growing Demand 2 Farmland Real Estate Adding Value To The Land & Rotating The Portfolio Agricultural Commercial Services 3 Complementing Traditional Farming With Services, Trading and AgTech 4 ESG Commitment Sustainability In Our Operatio
Slide 7: Farming Activity: Track Record
Farming Activity: Track Record Planted Surface (Th. Ha) 316 299 Leased to 3rd parties 278 283 279 283 277 18 +10.1% 262 14 24 24 28 21 18 12 6 12 7 Bolivia Paraguay 226 220 220 217 14 12 11 CAGR 197 181 213 208 12 7 127 123 Brazil 142 141 109 120 74 82 65 47 46 44 49 153 Argentina 36 37 23 23 36 37
Slide 8: Cattle Activity Evolution: Complete Cycle Including Feedlot
Cattle Activity Evolution: Complete Cycle Including Feedlot Cattle Heads Evolution (Th. Heads) & Production (Th. Tn) Producción Production(Miles Tn) (Th. tons) Cabezas (miles)(in Th.) Cattle Heads 153,1 Brazil & Paraguay 134,7 Argentina 27% 116,5 73% 106,6 99,0 94,0 90,3 91,0 82,6 83,7 83,6 86,0 85,
Slide 9: Agricultural Real Estate Pioneers
Agricultural Real Estate Pioneers Due Diligence of more than 10 mm hectares across the world Land acquisition with potential for appreciation and sale at optimal productive levels Land optimization due to change of activity and technological innovation Farm or owned company purchases and partial fin
Slide 10: Farmland Real Estate: Acquisition, Land Appreciation and Sale
Farmland Real Estate: Acquisition, Land Appreciation and Sale Farmland Prices in Argentina (In USD/ha) 18.0 8.9 17,000 Corn Belt Land Value (In USD/Ha) 29.0 6.7 2.2 Land Acquisitions (USD MM) 6.0 8.6 8.3 Land Sales (USD MM) 4.5 4.8 25.0 1.3 7.3 5.7 5.0 10.6 1.0 6.8 25.2 30.0 2.5 4.1 30.0 Farmland Sa
Slide 11: Farmland Real Estate: Acquisition, Land Appreciation and Sale
Farmland Real Estate: Acquisition, Land Appreciation and Sale Farmland Prices in Brazil (In USD/ha) Corn Belt Land Value (In USD/Ha) Land Acquisitions (USD MM) 73 35 Land Sales (USD MM) 120 26 89.0 13.7 38.3 17.5 52.8 24.7 27.1 67.2 51.9 13.7 18.8 17.5 12.4 31.3 4.6 111.1 21.5 51.4 Farmland Sales in
Slide 12: Farmland Real Estate
Farmland Real Estate CRESUD’s Stake: 51.2% Farmland Sales Track Record 2.4x Sold farms per year Profit Book Value 17k 134 Sold ha per year 122 3.0% 72 Sold portfolio per year 75 67 66 62 103 52 46 48 28 34 60 56 26 62 40 21 21 20 39 19 21 14 34 5 13 15 17 15 27 12 0 14 19 3 7 6 7 7 6 12 10 1 2 FY10
Slide 13: Agricultural Commercial Services (51.2% stake)
Agricultural Commercial Services (51.2% stake) Business Segments Traded Tons Evolution & Market Share (million & %) 8,24% 7,56 6,65 6,83 6,44 6,41% 5,76 5,48 6,10% 5,10 4,00 5,60% 5,65% 3,31 4,42% 4,71% 3,03 3,95% 2,97% 2,93% 15-16 16-17 17-18 18-19 19-20 20-21 21-22 22-23 23/24 24/25 EBT Evolution
Slide 14: ESG Commitment
ESG Commitment Sustainable & Digital Agriculture: Technology Applied To Our Production Precision planting, agriculture by No-till farming & Cover environments & intelligent Irrigation equipment: Drip cropping agrochemicals application & sprinkler systems (WEEDSEEKER) Drones for digital harvest Commo
Slide 15: ESG Progress During FY 2025
ESG Progress During FY 2025 Environmental Progress 2024/2025 Campaign Social Contribution & Main Programs 24,7% 15% o/total o/total Production Production in Argentina in Argentina 36.258 certified tons 36.058 certified tons Group Social Founded by CRESUD in 2005 • 13 primary school students +828 Inv
Slide 16: Financial Results
n G CRESUD Financial Results { A) TA
Slide 17: Agribusiness Adjusted EBITDA Evolution
Agribusiness Adjusted EBITDA Evolution By Agribusiness Segment (In USD MM) FARMING 191 FARMLAND SALES 18 SERVICES 139 59 11 123 105 30 23 100 99 93 11 9 18 75 25 27* 57 36 45 115 36 97 70 69 48 43 9 31 36 12 FY 17 FY 18 FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 *EBT FyO 17
Slide 18: Stand Alone Debt Profile – December 31, 2025
Stand Alone Debt Profile – December 31, 2025 – USD million Net Debt Evolution Amortization Schedule GROSS DEBT 418.3 Series LI (Jan-26): Series L (Dec-25 & Jan-26): • Amount: USD 46.8 MM • Amount: USD 70.4 MM • Rate: 5.75% • Rate: 7.25% • Interest: semiannual • Interest: semiannual 421 Series L 396
Slide 19: CRESUD Dividend Distribution - Approved on Oct-30, 2025
CRESUD Dividend Distribution - Approved on Oct-30, 2025 Dividend & Treasury Shares Distribution Dividend Distribution (USD CCL million) Dividends In cash In kind Amount ARS 65,080 MM 12,7 MM 65.7 63.7 IRSA shares Per ordinary share ARS 103.8769 0.02027 IRSA shares 27.0 Per ADS ARS 1,038.769 0.20271
Slide 20: Group Capital Markets Track Record
Group Capital Markets Track Record NUMBER OF CAPITAL AMOUNT ISSUED GROUP LISTED VEHICLES NON-DEFAULT HISTORY MARKETS TRANSACTIONS +200 +USD 18bn 4 New York, Buenos Aires, & Sao Paulo Even in the worst Argentinean crisis (2001) & COVID-19 IRSA IPO APSA IPO (now IRCP) CRESUD LIABILITY LOCAL MARKET DOL
Slide 21: Contact Information
Contact Information Our Website Our Email Our Phone Our Address Our Twitter www.cresud.com.ar ir@cresud.com.ar (+54) 911 4323-7449 Della Paolera 261 @CRESUDIR 9th floor
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