Ag Growth International Inc. · TSX:AFN

Ag Growth International — Investor Presentation (May 2017)

24 slides from Ag Growth International's investor presentation, May 9, 2017

  1. Slide 1: Committed to Agriculture. Committed to Growth.

    COMMITTED TO AGRICULTURE. COMMITTED TO GROWTH.

  2. Slide 2: AGI Snapshot

    @ i at $800M+ Market Cap $700M+ in Annual Sales 2,500+ Employees pe | _ ey Canada, USA, Brazil, UK, Italy & South Africa 25 Leading Brands <> 25 Manufacturing Facilities Located in AGI= ‘AG GROWTH INTERNATIONAL

  3. Slide 3: AGI Strategy

    AGI STRATEGY I), 1. DIVERSIFICATION e PRODUCT LINE = ¢ GEOGRAPHY e CUSTOMER/END USER e FIELD TO CONSUMER 2. LEAN OPERATIONS 3. INVESTMENT IN OUR PEOPLE ‘AG GROWTH INTERNATIONAL

  4. Slide 4: Brands and acquisition history since 1996

    2017 Alle; ENTRINGER= NUVISION= MMS= YARGUS= | i 4k WESTEEL= PTM= FRAME®= VIS= 2014 a ite AIRLANCO rile TRAMCO= TWISTERS UNIONIRON= Ie WESTFIELDZ Be WHEATHEART= itlyie BATCO= 1996 AGIZ Founded November, 1996 AGI= ‘AG GROWTH INTERNATIONAL

  5. Slide 5: Field to Consumer

    FIELD TO CONSUMER FEE SE ey 7 |

  6. Slide 6: Field to consumer value chain

    th POR Sw LLU PROCESSOR FERTILIZER FARM AGI= ‘AG GROWTH INTERNATIONAL C=

  7. Slide 7: Farm and Commercial

    FARM Distribution: Farm Equipment Dealers Standardized Product Portfolio Key Demand Drivers: Crop Volume & Replacement Cycle WHEATHEART= WESTEEL= BATCO= REM= GRAINGUARD= TWISTER= ENTRINGER= WESTFIELD= COMMERCIAL Distribution: Direct to Customers and Contractors with turnkey project capabilities Key

  8. Slide 8: Key Demand Drivers

    KEY DEMAND DRIVERS Se RS gle MAN WY Harvest — Conditions # — ia — Volume — Agriculture . Commodity Infrastructure \ or: Prices ‘AG GROWTH INTERNATIONAL

  9. Slide 9: Global Industries

    GLOBAL INDUSTRIES

  10. Slide 10: Global Industries Snapshot

    GLOBAL INDUSTRIES SNAPSHOT 9

  11. Slide 11: Financial Highlights

    FINANCIAL HIGHLIGHTS AVERAGE EBITDA (USD Millions) $18 $17.0 $16 $14 27% $11.5 $12 $10 73% $8 $6 $4 $2 Domestic Sales International Sales $0 2011-2014 2014-2016 10

  12. Slide 12: AGI=

    AGI= }//Mayrath | Hutchinson A H H 2 ji Q H i Ay i ‘I : N f M

  13. Slide 13: Corn Acres in Western Canada

    CORN ACRES IN WESTERN CANADA 600,000 500,000 400,000 300,000 200,000 100,000 0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017F Source: Stats Can 12

  14. Slide 14: AGI Brasil

    “Wyma eer PP ak, aay, TM ainsi By a y AGI BRASIL ~~ ny i 7? i 4 - 4 y ~ AG GROWTH INTERNATIONAL

  15. Slide 15: Brasil Snapshot

    eS a Z 24% of US Corn Production 95% of US Soybean Production 150+ Employees \ Ee > 242,000 sq. ft. Manufacturing Facility Farm & Commercial Product Lines u AGI= ‘AG GROWTH INTERNATIONAL

  16. Slide 16: AGI Brasil Update

    AGI BRASIL UPDATE  Commission H2 2017  Technology Transfer Underway  Produce all AGI Commercial & Farm Products  Investment in Sales Team 15

  17. Slide 17: Fertilizer & Material Handling

    FERTILIZER & MATERIAL HANDLING

  18. Slide 18: Fertilizer & Material Handling

    FERTILIZER & MATERIAL HANDLING  New growth platform and end-market diversification  Growth primarily driven by the expansion or upgrading of  Retail agriculture distribution facilities  Grain, oilseed, feed, and food processing facilities 17

  19. Slide 19: Global Nutrient (N, P, K) Consumption

    GLOBAL NUTRIENT (N, P, K) CONSUMPTION Source: FAO, UN 18

  20. Slide 20: Financial

    FINANCIAL

  21. Slide 21: Q1 Sales, Q1 EBITDA, Annual Sales and EBITDA

    Q1 SALES $30 Q1 EBITDA $160 (In C$ Millions) $154.7 (In C$ Millions) $25.7 $140 $25 $120 $113.7 $19.8 $20 $100 $15 $80 $60 $10 $40 $5 $20 $0 $0 Q1 2016 Q1 2017 Q1 2016 Q1 2017 ANNUAL SALES ANNUAL EBITDA $800 (In C$ Millions) $140 (In C$ Millions) $744 $125 $700 $120 $600 $100 $547 $100 $500 $80 $400

  22. Slide 22: International Commercial

    INTERNATIONAL COMMERCIAL  International Sales (ex-acquisitions) were weak in 2016, primarily due to delays in large commercial grain storage and handling projects  Activity in this area has improved in 2017, and is expected to return to more normalized levels in 2017-2018 $120,000 $106,723 $101,82

  23. Slide 23: Outlook

    22 = 4 Canadian Farm Market US Farm Market Crop Volumes Outlook: Robust Outlook: Signs of Recovery Outlook: Long Term Growth North American Commercial Business Outlook: Stable International Commercial Business Outlook: Strengthening AGI= ‘AG GROWTH INTERNATIONAL

  24. Slide 24: AGI Growth Drivers

    Investment in Brazil Continued Consolidation A ~ Fertilizer & Material Handling Platform Platforms for Expansion Operational Efficiencies AGI= ‘AG GROWTH INTERNATIONAL 23

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