Farmland Partners Inc. · NYSE:FPI
Farmland Partners — Investor Presentation (January 2015)
10 slides from Farmland Partners's investor presentation, Jan 12, 2015
Slide 1: Company Overview January 2015
Company Overview January 2015
Slide 2: Forward-Looking Statements
Forward-Looking Statements 2 Some of the statements contained in this presentation constitute forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or tren
Slide 3: Company Overview – Growth Story
At the time of the IPO (April 2014), Farmland Partners owned 7,323 acres and currently owns or has under contract a total of 48,680 acres1 located in the following regions: Corn Belt: 7,480 acres Plains: 21,231 acres Delta: 13,151 acres Southeast: 6,818 acres Total weighted-average Cap Rate of appro
Slide 4: Paul Pittman and Luca Fabbri management biographies
Paul Pittman, Executive Chairman, President and Chief Executive Officer Paul grew up in a farm family and has been buying and operating farms on his own account since 1999. In addition to his roles at Farmland Partners, Paul is also an owner of Pittman Hough Farms, LLC. Before devoting full attentio
Slide 5: Powerful Long-Term Global Supply & Demand Dynamics
5 Powerful Long-Term Global Supply & Demand Dynamics Sources: OECD, World Bank, FAO, U.S. Geological Survey 45.5% Projected Increase in Global Grain Demand by 2050 4.3% Projected Increase in Global Cropland Supply by 2050
Slide 6: Yield and crop optionality differentiate farmland from individual agricultural commodity investments
Yield and crop optionality differentiate farmland from individual agricultural commodity investments Since 1991, farmland has offered consistently positive annual returns and lower volatility, leading to significant cumulative outperformance Attractive Investment Characteristics (1) (1991 = 100) Far
Slide 7: Farmland properties have regularly outperformed other real estate asset classes
Farmland properties have regularly outperformed other real estate asset classes Since NCREIF began tracking farmland values in 1992, there has not been a year with negative total returns Since 2003, farmland has yielded total returns of 16.2% Source: National Council of Real Estate Investment Fiduci
Slide 8: Price Appreciation + Current Yields = Powerful Total Returns Story
8 Attractive Investment Characteristics Price Appreciation + Current Yields = Powerful Total Returns Story (1995 – 2014) Average Annual Returns and Standard Deviation: Farmland vs. Select Asset Classes Sources: NCREIF (2014) Bloomberg. Annual returns of the MCSI US REIT INDEX (RMS) Bloomberg. S&P 50
Slide 9: Attractive Investment Characteristics
9 Attractive Investment Characteristics Global Fundamentals Operating Environment Capital Markets Opportunity Vs. Real Estate Alternatives: Near-zero Vacancy Up-front Rent Little or no Maintenance Capex or Property Taxes Supply Constraints No Obsolescence No Economic Depreciation Vs. Commodity Alter
Slide 10: Farmland values are still increasing in most of the United States
Contrary to speculative negative reports by the press, farmland values are still increasing in most of the United States according to the USDA and the Federal Reserve As reported by the USDA, the United States farm real estate value was up 8.1% from 2013 values1 Illinois: +5.9% Nebraska: +11.4% Arka
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