Bioceres Crop Solutions Corp. · NASDAQ:BIOX
Bioceres Crop Solutions — Canaccord Genuity AgriFood Tech Innovation Forum 2021
24 slides from Bioceres Crop Solutions's conference presentation, Dec 2, 2021
Slide 1: Investor Presentation
Investor Presentation NASDAQ: BIOX December 2021
Slide 2: Disclaimer
Disclaimer This Presentation is for informational purposes only and does not constitute an offer or invitation to sell, a solicitation of an offer Financial Information Presentation to buy, or a recommendation to purchase any equity, assets, business, debt or other financial instruments of the Compa
Slide 3: Corporate Overview
Corporate Overview We are a fully-integrated provider of crop productivity technologies designed to enable the transition of agriculture towards carbon neutrality A Compelling Biotech Story Grower- and consumer-oriented solutions Biotech platform with high-impact technologies around sustainable prod
Slide 4: History
History 44 years of experience utilizing multiple technological approaches to develop and commercialize products that enhance crop quality and productivity Food&Feed Bioceres Regulatory regulatory consolidates approval for HB4 approval for 80% of wheat in HB4 wheat in Rizobacter Argentina Brazil Reg
Slide 5: Snapshot
Snapshot Leading positions and multiple growth levers By the numbers Operational Revenue & Main Growth Business Segments Gross Margin1 Lever $220.0M 1st to achieve drought-tolerant wheat and soy Adjuvant Revenues1 Crop Protection $120.2M | 38% expansion - Brazil 23% market share in soybean biologica
Slide 6: Agriculture and Climate Change
Agriculture and Climate Change We will need 2.1x planets by 2050 Contribution to Green House Gas Emissions1 Effects of climate change on Agriculture 24% 21% Industry Projections for 2050 indicate crop yields to drop more than 10%2 Agriculture, Forestry and other land use Lower yields result in grain
Slide 7: The HB4 Technology Performance
The HB4 Technology Performance The only available technology for drought tolerance in soy-wheat cropping systems Soy Wheat Control Control +13% impact in yields +19.5% impact in yields 7
Slide 8: HB4 Value Creation to Growers
HB4 Value Creation to Growers Total addressable market Additional value created Total Addressable Share of by HB41 Market2 Total Market3 Soy High Low 20-25M ha ~25-30% Wheat High Low 2.5-3.0M ha ~30-35% 1 Analysis comprise average historical HB4 yield improvement extrapolated by county, for each cou
Slide 9: HB4 Market Access and Regulatory Status
HB4 Market Access and Regulatory Status Submission Approval Regulatory approval in Production - Food&Feed over 85% of the global soy market (AR, BR, CA and US) Soy Uruguay Argentina China USA Bolivia Brazil First approval for drought India Paraguay tolerance events in wheat EU Canada Malaysia _ Whea
Slide 10: The Integrated Seed Product Concept
The Integrated Seed Product Concept GERMPLASM TRAITS PEST CONTROL HB4 Drought tolerance technology MOLECULES Customized microbial solutions POLYMER Top tier germplasm BIOLOGICALS Digital solutions EXTERNAL FLOWABILITY AGENT 10
Slide 11: The HB4 Program Scalable Sustainability
The HB4 Program Scalable Sustainability Identity preserved production system to multiply The Program establishes good agricultural practices HB4 seeds with selected growers for growers, which enhanced by our technologies, significantly contribute to the transition of agriculture towards carbon neutr
Slide 12: Grower- and consumer-oriented solutions strongly backed by Digital Technologies
Grower- and consumer-oriented solutions strongly backed by Digital Technologies Grower Consumer Tracking productivity and Crop monitoring & Full visibility on low C-footprint environmental KPIs for real time Inventory surveillance farming practices & grain decision making tools processing Productivi
Slide 13: HB4 Program Update
HB4 Program Update ~55K Hectares Planted 225 Growers 100% Customer repeat Harvest Season in the rate for next cycle Southern Hemisphere Wheat $6.4M Contributed Progress goods1 3 350 25% 42% Gross Margin Varieties Sites ~23K Hectares Harvested 148 Growers 3 Regions Planting Season in the Southern Hem
Slide 14: Company Performance
Company Performance Proven track-record in delivering solid financial performance Revenues ($M) 234 Adjusted EBITDA ($M) 210 173 50 161 47 48 41 134 87 22 14 FY17 FY18 FY19 FY20 FY21 1Q221 FY17 FY18 FY19 FY20 FY21 1Q221 Adjusted EBITDA Margin (%) 16% 16% 25% 27% 23% 21% 1 Financials presented corres
Slide 15: Balance Sheet and Cash Position
Balance Sheet and Cash Position High working capital requirements during 1Q22 to support HB4 roll-out and the run-up of the high season in sales in South America Net Debt 2.12x 3.05x 2.89x 2.61x 2.74x LTM EBITDA Current Debt 97.9 112.8 96.7 $ Million 101.1 75.1 137.6 134.2 Non-Current Debt 128.6 126
Slide 16: Exhibits
“@ Bioceres Crop Solutions
Slide 17: Unaudited Consolidated Statement of Comprehensive Income
Unaudited Consolidated Statement of Comprehensive Income Three-month period ended Three-month period ended 09/30/2021 09/30/2020 Total revenue 66,906,245 42,355,261 Cost of sales (37,882,452) (23,112,642) Gross profit 29,023,793 19,242,619 % Gross profit 43% 45% Operating expenses (17,601,661) (11,1
Slide 18: Unaudited Consolidated Statement of Financial Position
Unaudited Consolidated Statement of Financial Position LIABILITIES 09/30/2021 06/30/2021 CURRENT LIABILITIES ASSETS 09/30/2021 06/30/2021 Trade and other payables 113,963,318 72,091,408 CURRENT ASSETS Borrowings 66,655,578 76,785,857 Cash and cash equivalents 36,631,549 36,046,113 Employee benefits
Slide 19: Main Corporate Entities
Main Corporate Entities 50% Public investors and others 41.1M Outstanding shares Bioceres LLC (NASDAQ: BIOX) 50% (USA) 100% 80% 100% Rizobacter Bioceres Semillas S.A. 8 international S.A. (ARG) (ARG) subsidiaries Bolivia 100% 50% Colombia 50% Brazil Synertech USA Verdeca LLC Trigall S.A. (ARG) Parag
Slide 20: Product Portfolio
Product Portfolio Segment Crop Protection Crop Nutrition Seed and Integrated Products Subsegments Adjuvants Insecticides & Inoculants & Micro-beaded Seed Treatments Seed Traits & Fungicides Biofertilizers Fertilizers Germplasm Increase effectiveness Full range of pest Nitrogen-fixing Micro-beaded Fu
Slide 21: IP Asset Portfolio
IP Asset Portfolio A well-developed and strong portfolio of patents, trademarks and plant variety protections 214 Traits include improved yield, 49 165 Patents and drought tolerance, NUE, WUE Genes currently Licenses link to crop- Patents applications as holder or and TREF technologies, delayed prot
Slide 22: Diversified Infrastructure Portfolio
Diversified Infrastructure Portfolio Limited Capex Requirements Reflects Well-Invested Asset Base Seed and Crop protection Crop nutrition integrated products Operational capabilities in Argentina Fully operational 50,000 ton micro beaded Proprietary brands in leading seed and Brazil for production o
Slide 23: Management
Management Federico Trucco, Chief Executive Officer Federico is the son of Víctor Trucco and María Cristina Fossaroli, both descending from Italian immigrants that settled as farmers in the central- south region of Santa Fe province. He originally joined Bioceres as a research leader for one of its
Slide 24: Contact Us
Contact Us Investor Relations Investorrelations@biocerescrops.com (54) 0341 4861100 Investors.biocerescrops.com 24
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