Slide 1: Institutional Presentation IIQ 2025
Institutional Presentation IIQ 2025
Slide 2: Corporate Structure
Corporate Structure More Than 30 Years Investing In Real Assets FLOAT 61.3% 100% 35.4% 51.2% 17.7% 55.8% Farms in Argentina +34,86% Farms in Brazil, Agricultural Agribusiness Urban Business Bolivia & Paraguay Commercial Services Marketplace 29.2% 2
Slide 3: Leading Agribusiness In The Region Since 1994
Leading Agribusiness In The Region Since 1994 Historical Milestones Portfolio (Th. Ha) 866 Current Management Foundation Expansion to Brazil BrasilAgro listed Fyo Brazil Takes Control IPO USD 276 MM on NYSE 1960 20 1997 2008/9 2015 2020/21 1936 1994 1999 2006 2012 2022/23 Listed on BYMA Listed on NA
Slide 4: Farmland Portfolio Evolution
Farmland Portfolio Evolution Expanding Our Agribusiness Model From Argentina To The Region 880 866 Th. Ha. 132 15% LT Concessions 120 14% Leased 564 477 325 613 71% Owned 20 1994 1995 1998 2006 2010 2024 Growth In Argentina Regional Expansion Development & Sale Phase Consolidating The Model 4
Slide 5: Current Regional Agribusiness Portfolio
Current Regional Agribusiness Portfolio Through CRESUD, BrasilAgro & Subsidiaries Under Management 865,600 ha 71% owned, 14% leased & 15% LT concession 27 Farms Across The Region Productive hectares 434,600 ha 60% crop & 40% cattle (Biond) 431,000 ha Land Reserves BrasilAgro farms CRESUD farms Lease
Slide 6: Agribusiness Strategy
Agribusiness Strategy 1 Farming Activity Producing Food For A Growing Demand 2 Farmland Real Estate Adding Value To The Land & Rotating The Portfolio 3 Agricultural Commercial Services Complementing Traditional Farming With Services, Trading and AgTech ESG Commitment 4 Sustainability In Our Operatio
Slide 7: Farming Activity: Track Record
Farming Activity: Track Record Planted Surface (Th. Ha) 302 278 283 279 283 277 17 Leased to 3rd parties 262 +10.3% 14 14 24 24 28 12 21 12 7 Bolivia 226 220 220 217 11 7 Paraguay 213 208 12 CAGR 197 181 125 109 120 Brazil 142 141 74 82 65 Argentina 47 46 44 49 123 119 141 36 37 36 37 16 23 23 1995
Slide 8: Cattle Activity Evolution: Complete Cycle Including Feedlot
Cattle Activity Evolution: Complete Cycle Including Feedlot Cattle Heads Evolution (Th. Heads) & Production (Th. Tn) Producción Production(Miles Tn) (Th. tons) Cabezas (miles)(in Th.) Cattle Heads 153,1 Brazil & Paraguay 134,7 Argentina 24% 116,5 76% 106,6 99,0 94,0 90,3 91,0 82,6 83,7 83,6 86,0 85,
Slide 9: Agricultural Real Estate Pioneers
Agricultural Real Estate Pioneers Due Diligence of more than 10 mm hectares across the world Land acquisition with potential for appreciation and sale at optimal productive levels Land optimization due to change of activity and technological innovation Farm or owned company purchases and partial fin
Slide 10: Farmland Real Estate: Acquisition, Land Appreciation and Sale
Farmland Real Estate: Acquisition, Land Appreciation and Sale Farmland Prices in Argentina (In USD/ha) 18.0 8.9 Corn Belt Land Value (In USD/Ha) 29.0 6.7 Land Acquisitions (USD MM) 6.0 14,300 8.6 8.3 Land Sales (USD MM) 4.5 4.8 25.0 1.3 7.3 5.7 5.0 10.6 1.0 6.8 25.2 30.0 2,254 2.5 4.1 30.0 Farmland
Slide 11: Farmland Real Estate: Acquisition, Land Appreciation and Sale
Farmland Real Estate: Acquisition, Land Appreciation and Sale Farmland Prices in Brazil (In USD/ha) Corn Belt Land Value (In USD/Ha) 73 Land Acquisitions (USD MM) 120 35.0 Land Sales (USD MM) 89.0 13.7 38.3 17.5 52.8 14.332 24.7 27.1 67.2 51.9 13.7 18.8 17.5 12.4 31.3 4.6 111.1 21.5 2.066 51.4 Farml
Slide 12: Farmland Real Estate
Farmland Real Estate CRESUD’s Stake: 51.2% Farmland Sales Track Record 2.4x Sold farms per year Profit Book Value 17k 134 Sold ha per year 122 3.0% 72 Sold portfolio per year 75 67 62 103 52 46 48 28 34 37 60 26 62 40 21 21 20 39 19 21 14 34 34 5 13 15 17 15 27 12 0 14 19 3 7 6 7 7 6 12 1 2 3 FY10 F
Slide 13: Agricultural Commercial Services
Agricultural Commercial Services Complementing Traditional Farming Traded Tons Evolution & Market Share With Services, Trading and AgTech (In MM tons & %) 1999 fyo.com 7,25 Start up 6,44 6,65 8,24% 6,83 Partnership 5,76 2000 with CRESUD 5,10 5,48 6,07% 6,25% 4,00 2003 Barter and Supplies 3,03 3,31 5
Slide 14: ESG Commitment
ESG Commitment Sustainable & Digital Agriculture: Technology Applied To Our Production Precision planting, agriculture by No-till farming & Cover environments & intelligent Irrigation equipment: Drip cropping agrochemicals application & sprinkler systems (WEEDSEEKER) Drones for digital harvest Commo
Slide 15: ESG Commitment: Social Contribution to our Communities
ESG Commitment: Social Contribution to our Communities Directly and through Fundación IRSA - Focus on Infrastructure, Education & Health We are part of the communities where our farms are located • We have built 1 school in “Los Pozos” farm, and we Group Social Relationship Social work with 16 schoo
Slide 16: Financial Results
n G CRESUD Financial Results { SY) TA
Slide 17: Agribusiness Adjusted EBITDA Evolution
Agribusiness Adjusted EBITDA Evolution By Agribusiness Segment (In USD MM) FARMING 191 FARMLAND SALES 18 SERVICES 139 59 11 123 105 30 23 100 93 11 9 18 75 25 57 36 45 115 97 70 69 9 48 43 31 12 FY 17 FY 18 FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 17
Slide 18: Stand Alone Debt Profile – Dec 31, 2024
Stand Alone Debt Profile – Dec 31, 2024 – USD million Net Debt Evolution Amortization Schedule GROSS DEBT 365.7 -23.4% 421 396 383 323 298 136.6 77.9 63.0 64.4 Series 23.8 XLVII Banking 3.9 Debt FY 21 FY 22 FY 23 FY 24 IIQ 25 FY 25 FY 26 FY 27 FY 28 FY 29 18
Slide 19: Dividend Distribution
Dividend Distribution Dividend Approved on October 28th, 2024 Latest Dividends Distributed (USD CCL million) Cash Dividend ~65.7 Amount ARS 45,000 MM 27.0 (may-24) Per ordinary share ARS 75.2725 ~38.8 30.8 Per GDS ARS 752.7254 25.0 20.8 (oct-23) Dividend yield ~7% (may-23) 13.7 10.0 in IRSA shares P
Slide 20: Shares Repurchase Programs
Shares Repurchase Programs Period November to December 2024 Number of shares repurchased 4,522,623 ordinary shares Investment ARS 6,498 million (~USD 6.4 million) Average price paid ARS 1,437 per share (~USD 13.32 per GDS) % of Social Capital ~ 0.75% Share Price Evolution (ARS) ADS Price Evolution (
Slide 21: Group Capital Markets Track Record
Group Capital Markets Track Record NUMBER OF CAPITAL AMOUNT ISSUED GROUP LISTED VEHICLES NON-DEFAULT HISTORY MARKETS TRANSACTIONS +200 +USD 18bn 4 New York, Buenos Aires, & Sao Paulo Even in the worst Argentinean crisis (2001) & COVID-19 IRSA IPO APSA IPO (now IRCP) CRESUD LIABILITY LOCAL MARKET DOL
Slide 22: Contact Information
Contact Information Our Website Our Email Our Phone Our Address Our Twitter www.cresud.com.ar ir@cresud.com.ar (+54) 911 4323-7449 Della Paolera 261 @CRESUDIR 9th floor