Slide 1: Adecoagro: A Sustainable Development Model
ADECOAGRO A S U S T A I N A B L E DEVELOPMENT MODEL
Slide 2: Index
INDEX 1 WHO WE ARE 2 OUR BUSINESS SEGMENTS 3 OUR FINANCIAL PERFORMANCE 4 OUR SUSTAINABLE BUSINESS MODEL 2
Slide 3: Who We Are
GS adecoagro
Slide 4: A Diversified Agro-Industrial Platform
A DIVERSIFIED AGRO-INDUSTRIAL PLATFORM SUGAR, ETHANOL & ENERGY TOTAL SALES • Sugarcane producer in Brazil • 275+ thousand hectares planted US$2,016 MILLION1 • 20+ million tons of industrial capacity • Main products: Sugar, Ethanol and Energy Sugar, • Biomethane production and issuer of carbon Ethano
Slide 5: Founded 24 Years Ago
FOUNDED 24 YEARS AGO • Expansion of our crops production into Uruguay and Brazil • Consolidation of our • Acquisition of a 90% stake Foundation of Adecoagro • Beginning of operations Listing in the New sugar, ethanol and in Profertil, the largest in Argentina with the idea energy cluster producer of
Slide 6: And a Strong Operational Track Record
AND A STRONG OPERATIONAL TRACK RECORD ADECOAGRO’S PERFORMANCE EVOLUTION2 Total Sales (US$ million) +10,100 EMPLOYEES Total Production (million tons) 4.4 Area under Management (‘000 has) 4.0 $ 2,143 $ 2,016 3.1 3.1 2.7 2.8 2.8 2.7 2.5 2.3 2.3 2.3 2.0 1.8 $ 1,442 $ 1,476 $ 1,446 1.6 $ 1,352 1.4 1.2 1.
Slide 7: AGRO's Equity
AGRO’S EQUITY SHARE PRICE PERFORMANCE (NYSE: AGRO) AGRO OWNERSHIP (%)1 Max Top 10 Shareholders $ 16 Holder Name % O/S $ 14 Tether 73.4% Management & Directors 3.9% AGRO Price ($/share) $ 12 Futura Holdings 3.7% Tether, the creator of the $ 10 Two Sigma Investments 1.3% largest stablecoin (USDT), Dis
Slide 8: Our Business Segments
OU R BUSINESS SEGMENTS 8
Slide 9: Our Business Segments
OUR BUSINESS SEGMENTS BRAZIL ARGENTINA ARGENTINA & URUGUAY SUGAR, ETHANOL & FERTILIZERS FOOD & ENERGY AGRICULTURE 9
Slide 10: Sugar, Ethanol & Energy
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Slide 11: 275K+ Ha Sugarcane Plantation
275K+ Ha Sugarcane Plantation • ~85% own sugarcane • 96% leased area • High productivity ratios • Own biofactory • 100% mechanized harvest (MS) • State-of-the-art ag equipment • Use of drones • Biofertilizers replace 50% of fertilizer needs 11
Slide 12: 4 Mills
4 MILLS 20mm+ installed capacity • 1 mill in Minas Gerais • 3 mills in Mato Grosso do Sul • Large production flexibility • Large storage capacity 12
Slide 13: Cluster
CLUSTER In Mato Grosso do Sul • 3 mills • Low competition for land • High TRS/Ha potential • Continuous harvest model • Production flexibility • Co-generation capacity • State tax incentive 13
Slide 14: Sugar, Ethanol & Energy
SUGAR, ETHANOL & ENERGY 550 Nm3/hour 8,300+ employees of biomethane 360 MW 275,000+ hectares SUGARCANE power generation Biofertilizers and biomethane of sugarcane in Mato Harvest Grosso do Sul and Minas Gerais Soil carbon Vinasse sequestration Crushing 1.0+ million tons ETHANOL 670+ of sugar product
Slide 15: Fertilizers
FERTILIZERS EN GRE se a ee Tes | r aad, , , r ¢
Slide 16: Snapshot
SNAPSHOT • Largest producer of granular urea in South America • Competitive access to natural gas (main input) • Leveraging on Argentina’s increasing natural gas production • Located in the port of Bahia Blanca • Positioned in a net urea-importing country and region 16
Slide 17: Industrial Assets
INDUSTRIAL ASSETS • 790k tons of ammonia production capacity • 1.3 million tons of urea production capacity • Co-generation capacity • 3 dispatch and logistic centers spread across the most productive regions of Argentina 17
Slide 18: Commercialization
COMMERCIALIZATION • Commercial flexibility to sell domestically and to export markets • Responsible for ~50% of Argentina’s demand for urea • Logistic flexibility (ships, trucks and trains) • Access to wholesale and retail customers • Own brands 18
Slide 19: Fertilizers
FERTILIZERS PROFERTIL’S GAS SOURCES & OWN ASSETS 1 Fertilizer plant Bahía Blanca, Argentina Natural Gas, Urea imports: Water & Air - Argentina 1.5mm Main inputs for the tons per year - South America Agricultural production process 10.7mm tons per Production year Nitrogen fertilizers enhance soil pro
Slide 20: Food & Agriculture
FOOD & AGRICULTURE 20
Slide 21: +230K Has Planted Area
+230K HAS Planted area DIVERSIFICATION By geography & crop BEST PRACTICES: • No-till • Crop rotation • Cover crops • Balanced fertilization • Integrated pest management • Water management • Zero level technology 21
Slide 22: +14,400 Milking Cows
+14,400 Milking cows 4 FREESTALLS fully populated ▪ Focus on cow comfort ▪ ~38 liters/cow/day ▪ Clean and dry spaces ▪ Sand beds ▪ Refrigeration systems ▪ Biodigesters process cow manure ▪ Renewable energy ▪ Biofertilizers 22
Slide 23: Industrial Assets
INDUSTRIAL ASSETS High quality value-added products ▪ 2 Milk processing plants ▪ 1 Rice seed unit ▪ 3 Rice drying & conditioning plants ▪ 6 Rice mills ▪ 1 Rice snack plant ▪ 2 Grains handling & storage plants ▪ 1 Peanut processing facility ▪ 1 Sunflower processing facility 23
Slide 24: Commercialization
COMMERCIALIZATION ▪ Commercial flexibility ▪ Product traceability ▪ Logistic flexibility ▪ Own brands ▪ Customized varieties ▪ International certifications ▪ Quick speed of reaction to respond to market opportunities 24
Slide 25: Food & Agriculture
FOOD & AGRICULTURE Traceability focused on quality and safety Domestic and 230,000+ hectares export market of planted area Argentina and Uruguay 1.2+ million tons of 4 bands agricultural products Soybean, Corn, Wheat, Rice, Rice products Peanut, Sunflower, among others Efficient In-farm Cow feed pro
Slide 26: Our Product Portfolio
OUR PRODUCT PORTFOLIO Renewable Electricity Protein Milk Powdered Milk UHT Milk Flavored Milk Sugar Flavored Rice Snacks Rice Biomethane Carbon Credits Milk Cream Cheese Ethanol Flavored Cream Wheat Corn Sunflower Las Tres Niñas Chickpeas Beans Seeds Peas Rice Snacks & Yo Peanuts Granular Urea Rice
Slide 27: Our Financial Performance
OUR FINANCIAL PERFORMANCE 27
Slide 28: Financial Highlights
FINANCIAL HIGHLIGHTS2 GROSS SALES (US$ MILLIONS) 2025 SALES BREAKDOWN BY PRODUCT (%) – PRO FORMA1 31% 2% 30% 51% 47% 50% 48% 33% 45% 32% 50% Rice 11% 50% 49% 53% 50% 52% 36% 52% 38% Urea 26% Dairy 15% $ 2,143 $ 2,016 $ 1,442 $ 1,476 $ 1,446 $ 1,352 Energy 2% $ 1,098 $ 822 Soybean 4% Corn 2% Wheat 1%
Slide 29: Disciplined Capital Allocation Strategy
DISCIPLINED CAPITAL ALLOCATION STRATEGY2 EXPANSION CAPEX (US$ MILLIONS) SHAREHOLDER DISTRIBUTION (US$ MILLIONS) SE&E Food & Agriculture Fertilizers Total $ 1,189 Dividends Buyback Total $ 102 $ 789 $ 72 $ 35 $ 1,076 $ 66 $ 61 $ 676 $ 35 $ 45 $ 104 $ 35 $ 35 $ 71 $ 67 $ 28 $ 28 $ 67 $ 57 $ 58 $ 39 $
Slide 30: Our Sustainable Business Model
OUR SUSTAINABLE BUSINESS MODEL 30
Slide 31: Long-Term Value Creation
LONG-TERM VALUE CREATION ENVIRONMENTAL A better use of resources helps us to reduce costs and to enhance productivity Caring about our people makes our teams more committed and highly motivated GOVERNANCE Profitability is present in all our analysis and decision-making processes All supported by a s
Slide 32: Environmental Management
ENVIRONMENTAL MANAGEMENT Integrated Approach to Environmental Management Key Environmental Highlights Driven by a constant search for efficiency, sustainability is at the core of our business, shaping our processes and the products we deliver 87% 26% of total energy consumed of total sales from gree
Slide 33: Our People
OUR PEOPLE We tailor our strategic vision to each region, Training & Development Health & Safety at Work enabling our people to reach their full potential and grow professionally, while recognizing that every Safety is one of our core values team member plays a meaningful role in driving We are comm
Slide 34: Our Communities
OUR COMMUNITIES We believe the strength of our production model is closely linked to the development of our communities. That is why we actively engage with them, address local needs, and build lasting relationships—recognizing that our communities are an integral part of who we are, with many of ou
Slide 35: Governance
GOVERNANCE Our governance model is built on the core principles of Independence, Transparency and Accountability. One class of common shares Highly qualified Director & Majority of our Board Equal rights Management teams Members are independent 100% Board of Directors, Senior Management and 4 Board-
Slide 36: Thank You!
& adecoagro THANK YOU!