Glencore Plc · LSE:GLEN

Glencore — Merger or Acquisition (March 2012)

7 slides from Glencore's merger presentation, March 2012

  1. Slide 1: Acquisition of Viterra

    Acquisition q of Viterra March 2012

  2. Slide 2: Transaction Highlights

    Transaction Highlights Headline • Cash consideration of CAD16.25 per Viterra share Consideration • CAD6.1 billion total equity value • Glencore to acquire 100% of Viterra and subsequently sell part of the business to two partners, g based on signed “back-to-back" agreements g Structure • Agrium to a

  3. Slide 3: Rationale for the Transaction

    Rationale for the Transaction „ Acquisition of a first class asset with leading positions in two key agricultural export markets „ Tier Ti 1 portfolio tf li off assets t in i Canada C d and dAAustralia, t li with ith spread d off operations ti spanning i origination, i i ti storage, t logistics and

  4. Slide 4: Importance of Canadian and Australian Agri-markets

    Importance of Canadian and Australian Agri Agri-markets markets Viterra owns origination assets in key geographic markets, in particular Australia & Canada Wheat (140 million MT) World Exports by Country ((1)) USA Other 19% 26% Australia 15% EU-27 12% Canada Russia 13% 15% Barley (17 million MT) Wor

  5. Slide 5: Viterra at a Glance

    Viterra at a Glance Glencore is acquiring 100% of Viterra and has back to back agreements with: ƒ Agrium for the majority of the retail agri-product business ƒ Richardson International for 23% of the Canadian grain handling assets and certain agri-centres and processing facilities in North America V

  6. Slide 6: Approvals and Timing

    Approvals and Timing „ Viterra Shareholders’ Approval – The Board of Directors of Viterra has unanimously approved and recommended the transaction – Holders of 16.5% of Viterra shares, being Viterra's Directors and Senior Officers and Alberta Investment Management Corp., Corp the largest shareholder

  7. Slide 7: Disclaimer

    Disclaimer This document comprises written materials for a presentation concerning the acquisition by Glencore International plc (“Glencore”) of Viterra Inc. (“Viterra”) in which Glencore will acquire the entire issued ordinary share capital of Viterra in exchange for cash. Thi d This documentt iis

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