Adecoagro S.a. · NYSE:AGRO
Adecoagro — Merger or Acquisition (September 2025)
11 slides from Adecoagro's merger presentation, Sep 9, 2025
Slide 1: Profertil Acquisition: Best in Class Urea Producer
ADECOAGRO PROFERTIL ACQUISITION B E S T I N C L A S S U R E A P R O D U C E R S E P T E M B E R 9 T H 2 0 2 5 1
Slide 2: Disclaimer
DISCLAIMER This presentation contains forward-looking statements that are based on our current expectations, assumptions, estimates and projections about us and our industry. These forward-looking statements can be identified by words or phrases such as “anticipate,” “forecast”, “believe,” “continue
Slide 3: Why Profertil?
WHY PROFERTIL? Nitrogen fertilizer is essential for agricultural production; and South America is a net importer Strategic positioning as a low cost-producer of urea in Argentina Capitalizes on Vaca Muerta’s inherent potential as one of the largest gas basins in the world State-of-the-art asset loca
Slide 4: Profertil at a Glance
PROFERTIL AT A GLANCE OVERVIEW PROFERTIL IN NUMBERS • Founded in 1996, Profertil is the leading producer of nitrogen-based fertilizers in Argentina • Represents on average ~60% of Argentina’s urea market • Secured reliable long-term agreements for the supply of gas and electricity with YPF and other
Slide 5: Strategic Asset Location
STRATEGIC ASSET LOCATION PUERTO GRAL. SAN MARTÍN BUENOS AIRES HQ • 2 silos • 200 KMT of Storage capacity • 7 KMT / day of port unloading capacity NECOCHEA • 4 dispatch lines with dispatch capacity of 650 KMT / year • 70 KMT of storage capacity • Parking capacity of 150 trucks • Loading capacity of 4
Slide 6: Strategic Positioning of the Urea Market in Argentina
STRATEGIC POSITIONING OF THE UREA MARKET IN ARGENTINA ARGENTINA UREA CONSUMPTION VS. PRODUCTION COMPOSITION OF THE COST OF UREA (%) (MM TONS) 2.3 2.3 2.1 2.1 2.0 1.8 12% 1.6 1.5 8% 1.3 1.4 1.4 1.3 1.3 8% 0.9 1.2 1.2 1.2 0.9 0.9 0.9 60% 12% 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Gas Handli
Slide 7: Favorable Global Supply & Demand Dynamics
FAVORABLE GLOBAL SUPPLY & DEMAND DYNAMICS ESTIMATED 5-YEAR GLOBAL AMMONIA DEMAND AND SUPPLY GROWTH (EX. CHINA) 12-14 MM Tons (Ammonia equivalent) 9.7 MM Tons +7 additional 7-8 MM Tons ammonia Shortfall facilities required Low Carbon 3-4 MM Tons 4.7 MM Tons Conventional 5-6 MM Tons 5.0 MM Tons New Ad
Slide 8: Profertil's Financial Highlights
PROFERTIL’S FINANCIAL HIGHLIGHTS NET SALES (MM USD) & UREA PRICE (USD/TN) 785 5Y AVG NET SALES 1,500 557 511 466 ~760 MM USD 313 500 1,000 1,111 500 757 791 0 671 450 0 -500 2020 2021 2022 2023 2024 Total net sales Urea domestic price EBITDA (MM USD) & EBITDA MARGIN (%/SALES) 68% 5Y AVG EBITDA 1,000
Slide 9: Support from AGRO's Largest Shareholder
SUPPORT FROM AGRO’S LARGEST SHAREHOLDER Tether supports Adecoagro’s management’s view and growth strategy. Recognition of Profertil’s strategic importance in Argentina and the region. Value-creating strategy aligned with Tether’s vision. Growth acceleration but with a disciplined financial strategy.
Slide 10: Q&A Session
Q&A SESSION 10
Slide 11: Thank You!
THANK YOU! Website: ir.adecoagro.com Emilio Gnecco - CFO Victoria Cabello - IRO Investor Relations Department egnecco@adecoagro.com vcabello@adecoagro.com ir@adecoagro.com