Alicorp Saa · BVL:ALICORC1

Alicorp Saa — Alicorp — Merger or Acquisition (February 2018)

15 slides from Alicorp Saa's merger presentation, February 2018

  1. Slide 1: Transaction Update

    Tr a n s a c t i o n U p d a t e February 2018

  2. Slide 2: Disclaimer

    Disclaimer This presentation may contain financial or business projections regarding recent acquisitions, their financial or business impact, management expectations and objectives regarding such acquisitions and current management expectations on the operating and financial performance of The Compa

  3. Slide 3: Transaction rationale

    Transaction rationale ADM Bolivia  Bolivia is one of the fastest-growing economies in Latin America and the 1 Andean region 2  Create a leading integrated CPG and B2B player in Bolivia  Vertical integration into the oilseeds crushing business is required in the 3 Bolivian market  Potential sizea

  4. Slide 4: The transaction was presented to various investors and research analysts in a 6-day roadshow

    The transaction was presented to various investors and research analysts in a 6-day roadshow in the Americas and Europe Roadshow summary Over 50 one-on-one meetings were scheduled during  Alfredo Perez Gubbins (CEO) the roadshow Team  Pedro Malo (CFO)  Alexander Pendavis (Corporate Finance Direct

  5. Slide 5: Updated process considerations

    Updated process considerations Transaction approval process Independent Committee members  The BoD constituted an ad-hoc Independent Committee to Independent Committee members have no economic ensure transparency in the process given the related-party or family relationship with members of manageme

  6. Slide 6: Updated process considerations (cont'd)

    Updated process considerations (cont’d) Due diligence update Process update  The due diligence process that Alicorp and its advisors are  Currently discussing transaction terms with counterparty conducting includes the review and analysis of accounting,  Upon completion of negotiations of transac

  7. Slide 7: Transaction update

    Transaction update alicorp

  8. Slide 8: Bolivia is one of the fastest-growing economies in the region

    Bolivia is one of the fastest-growing economies in the region with a constructive market structure for consumer and B2B plays Bolivia among the fastest growing markets in Latin America # of people earning over US$15,000 (2016 vs. 2030E)  Bolivia’s and Peru’s largest cities are expected to show the

  9. Slide 9: Economy is expected to continue growing at a robust rate

    Economy is expected to continue growing at a robust rate, supported by private and public consumption, with inflation stabilizing GDP Growth (real annual variation) Inflation (real annual variation) Public Debt (USD Bn) 17.5 4.9% 4.1% 15.8 4.3% 3.6% 14.7 4.0% 3.8% 3.2% 12.8 2.8% 2015 2016 2017 2018E

  10. Slide 10: Creation of a leading CPG and B2B player in Bolivia

    Creation of a leading CPG and B2B player in Bolivia… Top player in Bolivia Consumer business key drivers  Top producer and marketer of oils and fats in Bolivia  Leading market shares across products ADM-  Significant presence in B2B industrial fats Bolivia Bolivia  Largest distribution network i

  11. Slide 11: With promising growth potential in various consumer segments

    … with promising growth potential in various consumer segments… "Warm-up zone" "Hot zone" "Chill-out zone" 316.23 Oils and fats1 in Log sales per capita, Real USD Regression line Mexico South Africa Russia Italy Bolivia are in the Chile USA “hot zone”, 31.62 Peru Argentina Brazil France with product

  12. Slide 12: Strategically integrated into the oilseeds crushing business

    … and strategically integrated into the oilseeds crushing business Vertical integration rationale Crushing business key drivers Local farmers Fino and ADM local competitive advantages 1 Storage and logistics 2 Grains Relationship with local capacity: farmers: Unmatched capacity for Maintains strong

  13. Slide 13: Potential sizeable synergy creation from integration of Alicorp, Fino and ADM Bolivia

    Potential sizeable total synergy creation opportunity from the integration of Alicorp, Fino and ADM Bolivia… Rationale % of total synergies  Transportation cost reductions from the logistical optimization of production locations  Complementarity of refining plants in Cochabamba and Santa Cruz shou

  14. Slide 14: With aggregate levels comparable to industry precedents

    … with aggregate levels comparable to industry precedents Rationale % of total synergies Admin &  Optimization of business functions and lower administration cost per capita financial  Lower financing costs from access to better financing conditions under Alicorp’s operations and through working c

  15. Slide 15: Slide 15

Alicorp — Merger or Acquisition (February 2018) on 6ix