AGI Commercial Operations Overview

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#11 AGI INVESTOR PRESENTATION AUGUST 2021 AGI#22 SAFE HARBOUR STATEMENT This presentation contains forward-looking statements and information (collectively, "forward-looking information") within the meaning of applicable securities laws that reflect our expectations regarding the future growth, results of operations, performance, business prospects, and opportunities of the Company. All information and statements contained herein that are not clearly historical in nature constitute forward-looking information, and the words "anticipate", "believe", "continue", "could", "expects", "intend", "plans", "postulates", "predict", "will" or similar expressions suggesting future conditions or events or the negative of these terms are generally intended to identify forward-looking information. Forward-looking information involves known or unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. In addition, this presentation may contain forward-looking information attributed to third party industry sources. Undue reliance should not be placed on forward-looking information, as there can be no assurance that the plans, intentions or expectations upon which it is based will occur. In particular, the forward-looking information in this presentation includes information relating to our business and strategy, including our outlook for our financial and operating performance including our expectations for our future financial results including sales, EBITDA and adjusted EBITDA, industry demand and market conditions; anticipated impacts of the coronavirus (COVID-19) outbreak on our business, operations and financial results; long term fundamentals and growth drivers of our business; expectations regarding planted acres and weather conditions; the launch of AGI SureTrack 2.0 and the cross-selling opportunities related to AGI SureTrack and the impact on our market share and margins; our ability to efficiently re- start post the COVID-19 crisis; our outlook for 2020 Canadian Farm Market, U.S. Farm Market, Crop Volumes, North American Commercial Business and International Commercial Business; and with respect to our ability to achieve the expected benefits of recent acquisitions and the contribution therefrom. Such forward-looking information reflects our current beliefs and is based on information currently available to us, including certain key expectations and assumptions concerning: the anticipated impacts of the coronavirus (COVID-19) outbreak on our business, operations and financial results; anticipated grain production in our market areas; financial performance; the financial and operating attributes of recently acquired businesses and the anticipated future performance thereof and contributions therefrom; business prospects; strategies; product and input pricing; regulatory developments; tax laws; the sufficiency of budgeted capital expenditures in carrying out planned activities; political events; currency exchange and interest rates; the cost of materials; labour and services; the value of businesses and assets and liabilities assumed pursuant to recent acquisitions; the impact of competition; the general stability of the economic and regulatory environment in which the Company operates; the timely receipt of any required regulatory and third party approvals; the ability of the Company to obtain and retain qualified staff and services in a timely and cost efficient manner; the timing and payment of dividends; the ability of the Company to obtain financing on acceptable terms; the regulatory framework in the jurisdictions in which the Company operates; and the ability of the Company to successfully market its products and services. Forward-looking information involves significant risks and uncertainties. A number of factors could cause actual results to differ materially from results discussed in the forward-looking information, including the effects of global outbreaks of pandemics or contagious diseases or the fear of such outbreaks, such as the recent coronavirus (COVID-19) pandemic, including the effects on the Company's operations, personnel, and supply chain, the demand for our products and services, our ability to expand and produce in new geographic markets or the timing of such expansion efforts, and on overall economic conditions and customer confidence and spending levels, changes in international, national and local macroeconomic and business conditions, as well as sociopolitical conditions in certain local or regional markets, weather patterns, crop planting, crop yields, crop conditions, the timing of harvest and conditions during harvest, the ability of management to execute the Company's business plan, seasonality, industry cyclicality, volatility of production costs, agricultural commodity prices, the cost and availability of capital, currency exchange and interest rates, the availability of credit for customers, competition, AGI's failure to achieve the expected benefits of recent acquisitions including to realize anticipated synergies and margin improvements; and changes in trade relations between the countries in which the Company does business including between Canada and the United States. These risks and uncertainties are described under "Risks and Uncertainties" in our MD&A, our annual MD&A and in our most recently filed Annual Information Form, all of which are available under the Company's profile on SEDAR (www.sedar.com). These factors should be considered carefully, and readers should not place undue reliance on the Company's forward-looking information. We cannot assure readers that actual results will be consistent with this forward-looking information. Readers are further cautioned that the preparation of financial statements in accordance with IFRS requires management to make certain judgments and estimates that affect the reported amounts of assets, liabilities, revenues and expenses and the disclosure of contingent liabilities. These estimates may change, having either a negative or positive effect on profit, as further information becomes available and as the economic environment changes. The forward-looking information contained herein is expressly qualified in its entirety by this cautionary statement. The forward-looking information included in this presentation is made as of the date of this presentation and AGI undertakes no obligation to publicly update such forward-looking information to reflect new information, subsequent events or otherwise unless so required by applicable securities laws. AGI#3AGI supplies complete systems, equipment, and technology to the agri-food industry ELD REM NECO B AGI FARMHEART UTCHINSON WSTEEL GRAIN GUARD MAYRATH WESTE MFS AGI MFS Large diversified global business with leading brands ✓ 34 global manufacturing facilities 3,800 employees AGI≤ OVERVIEW Stable foundation through market leading catalogue in North American Farm business COMMERCIAL FOOD Commercial market growth opportunities in North America and International AGISURETRACK 3 AGI SURETRACK is a rapidly growing and market-leading loT driven end-to-end technology platform AGI#44 WE SUPPLY THE WORLD'S FOOD INFRASTRUCTURE GLOBAL OPERATIONS WITH REGIONAL HUBS PLATFORMS CONTINENTS COMPONENTS NORTH AMERICA EMEA STRATEGIC GROWTH $1197 30144 SCUER BMIT FINANCIALS SOUTH AMERICA APAC TECHNOLOGY FOOD AGI NEWS AGI#5PLATFORMS 65000 SEED FERTILIZER 6 GRAIN CONTINENTS FEED FOOD coocce 5-6-7 NORTH AMERICA ASIA AUSTRALIA EUROPE AFRICA SOUTH AMERICA STRATEGY LO COMPONENTS EGDE STORAGE STRUCTURES HANDLING PROCESS TECHNOLOGY ENGINEERING PROJECT MANAGEMENT AGI#6STRATEGIC GROWTH - FARMOBILE COMPASS 2021 2020 - 2019 2018 - CMC JUNGE CONTROL DANMARE SABE IMPROTECH INTELLIFARMS MILLTEC 2017 2016 2015 2014 2011 2010 - - - - 2007 - - - 2006 2005 2004 2000 1998 1997 - - 1996 - MFS YORK | STORMOR | BROWNIE | HUTCHINSON | MAYRATH | NECO | SENTINEL AGI BRASIL | NUVISION | MMS | YARGUS WESTEEL | PTM FRAME | VIS REM AIRLANCO TRAMCO TWISTER UNION IRON HI ROLLER GRAIN GUARD AGI IPO WESTFIELD WHEATHEART BATCO AGI FOUNDED NOVEMBER, 1996 PER JAARS BATCO AGI#77 TECHNOLOGY AGI#8$36M 2020 REVENUE* lot + Farm + Commercial + Grain Market BINMANAGER wwwAGIE SURETRACK BRAND & ADVISOR AGNOSTIC (at COACH MARSUTRACK Hourly Cable Ratings -G Temorable 1 Sensor $3 Temperature BAY Sensor 12 Temperance AGI + AGI SURETRACK BINCHECK Bluetooth System TOTAL ADDRESSABLE MARKET $12B+ ** Sensor #1 Temperatur FIELDLAB AG TRACH 8 Notes: * Retail equivalent basis; ** North American TAM as assessed by management Unique, long term, direct relationships : HIGH GROWTH AGI#9E (alt WESTATI AGI IOT AGI AGIZ EMBEDDED IN FARM + COMMERCIAL AGI (100 9 D AGI#1010 Estimated Amount Of Data Generated By The Average Farm Per Day CONTINUOUS REAL-TIME DATA - AGI Sure Track creates a high value 'sticky' - relationship with customers that deepen as data driven decision making increases. An average farm generates +500,000 data points per day; increasing to over 4,000,000 in 10 yrs. AGI SURETRACK MORE THAN 2000£ 2002E 2004E 2006E 2008E 2010E 2012E 2014E 2016E 2018E 2020E 2022E 2024E 2026E 2028E 2030E 2032E 2034E Source: OnFarm, Bl Intelligence Estimates, 2015 140 LAYERS + OF DATA 1 FERTILITY LAYER 2 TILLAGE 3 PRE-EMERGE LAYER 4 PLANTING 5 SPRAY #1 6 SPRAY #2 7 HARVEST 16 TANK DATA GAUGE 15 TANK DATA TEMPERATURE 8 SOIL TEMPERATURE MOISTURE AGI 9 WEATHER TEMPERATURE HUMIDITY, PRECIPITATION, SOLAR RADIATION, WIND 4,500,000 4,000,000 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 Data Points Generated Per Day BI INTELLIGENCE + 10 BIN MONITORING TEMPERATURE 11 BIN MONITORING MOISTURE 12 CONDITIONING 14 DRYER DATA 58 FIELD DETAILS SIZE, SOIL TYPE, ETC. 13 FIELD LAB Source: https://www.businessinsider.com/smart-farming-iot-agriculture 97 GRAIN PRICE DISCOVERY BY MONTH 138 ERP INVENTORY SKU/LOT TRACKING AGI#11Wek 11 80121 044 041 044 125 12.0°C 16 PS AGI SURETRACK BINMANAGER AGIM SURETRACK ト AGI COMPLETE FARM OPERATING PLATFORM System of record for the full business of farming: more than field data Agnostic platform: not brand or advisor specific Farmer retains full ownership of data Embedded IoT creates long-term, unique relationship with AGI AGI#1212 COMMERCIAL: FACILITY & SUPPLY CHAIN MANAGEMENT Comprehensive system connecting processors, merchandisers, and grain buyers directly to farms Source, negotiate, monitor, schedule and manage grain purchases Facility monitoring: productivity I I I I I I I 044 AGI Sentinel 120 Exi ABXCMC st.com LARGER AGI AGI#13CE PER BUSHEL 480 $4.29 440 420 4.00 3.80 3.00 3.40 3.20 $ 69 見 $4.25 $4.21 YOUR PROFIT MY CONTRACTS & APPLICATIONS • • GRAIN My Ac MARKETPLACE Integrated grain marketing platform linked to Farm business tools and Commercial supply chain Price & product discovery based on grain content - oil, protein, starch • Provides market visibility to maximize profit Ability to reach more buyers and develop direct grower networks Adoption provides AGI with additional revenue opportunity 13 I I Find the best DISC PRIC P AGI SURETRACKFARM ZCK20 Cash Price Trends 4.00 ACT BURETRACKS MAARTE BAY TO DAY TRACKABILITY 3.75 3.30 3.35 T B 3140 8.00 Twi 100 L 818 STA 1500 LI 3420 9009 34643 AGI HOT#1414 AGIS AGI FARM: Complete loT Hardware and Software Farm Operating system of record *North American market as assessed by management a (100 Sensor 3 Sensor 12 V Temperatur HAY Sensor #1 AGI SURETRACK BINCHECK Bluetooth System PPET FFFL TTTTT AGI BINMANAGER AGI SURETRACK TAM $12B+* COMMERCIAL: Complete loT Hardware and Software providing facility monitoring, operation and supply chain management in real-time AGI#15FOOD 15 45 AGI#1616 BUILDING THE FOOD PLATFORM OF THE FUTURE CAPABILITIES: PROJECT MANAGEMENT Process engineering Project management Standard + customized equipment Manufacturing Millwrighting + equipment installation services Turn-key solutions Engineering, equipment supply, and installation services AGI#1717 FINANCIALS AGI#18SUSTAINABLE GROWTH TRADE SALES ($MM) Q2 2021 293.0 301.6 262.7 261.4 222.2 33.7% 31.5% 31.5% 31.6% 32.2% 143.5 C 29.9% Gross Margin % 2016 2017 2018 2019 2020 2021 18.7% 18.1% 18.0% 17.5% 16.9% 15.3% ADJUSTED EBITDA 51.4 ($MM) 49.2 46.2 40.1 26.0 Hi 44.1 18 2016 2017 2018 2019 2020 2021 Adj. EBITDA Margin % 2016 2017 2018 2019 2020 2021 AGI#1919 SUSTAINABLE GROWTH SALES BY SEGMENT ($MM) +17% +58% +7% +49% 143.2 168.1 Farm 5.4 8.5 108.2 101.6 16.7 11.2 Q2 2021 SALES BY GEOGRAPHY ($MM) +22% 139.8 114.2 +5% 79.4 75.8 +15% 82.3 71.4 Technology* ■Q2 2020 Q2 2021 Commercial Platform Food Platform Canada U.S. International Q2 2020 Q2 2021 *As recorded; Retail equivalent sales of $7.8MM in Q2/21 vs $8.5MM in Q2/20 AGI#20FREE CASH FLOW AND LEVERAGE OVERVIEW Senior 2.81x $ Last Twelve Months as of June 30, 2021 000s CAD Adjusted EBITDA Interest expense (cash) Income taxes (cash) Maintenance CAPEX 164,900 -39,049 -4,071 -9,762 Free cash flow before growth CAPEX and M&A 112,018 Dividends -11,249 Discretionary cash flow 100,769 20 20 NET LEVERAGE at June 30, 2021 Continued focus on debt reduction: Strong results demonstrating stability provided by diversification Reduced dividend ✓ Reduced growth CAPEX Total 5.39x >>>>> AGI#21OPERATIONS 21 24 AGI#22AGI GLOBAL OPERATIONS GLOBAL OPERATIONS WITH REGIONAL HUBS 22 22 Canada 10 NORTH AMERICA Italy 06 USA 14 A Brazil 01 EMEA India 03 SOUTH AMERICA APAC 34 MANUFACTURING FACILITIES SALES INTO 95 COUNTRIES AGI#2323 AGI IN NORTH AMERICA Canada 10 NORTH AMERICA USA 14 Strong Farm sales • Robust Commercial and Food platforms Technology business roll-out • Focus on customer service AGI#24NORTH AMERICA - CANADA: FARM 24 24 WESTEEL WESTEEL WESTEEL WESTE Gilbert Plains, Manitoba ESTE EL Gladstone, Manitoba Swift Current, Saskatchewan Swift Current, Saskatchewan La Salle, Manitoba AGI#25NORTH AMERICA - USA: FARM 25 25 Cameron, Illinois AGI AGI AGIR AGI Grand Island, Nebraska Grand Island, Nebraska AGE MY Louisiana Bowen, Illinois AGI#26NORTH AMERICA - COMMERCIAL AGI AGI G Wayland, Iowa Clay Center, Kansas Hamilton, Ontario Red Cloud, Nebraska Greenwood, South Carolina Kalama, Washington 26 AGI#2727 NORTH AMERICA - FERTILIZER Kansas, Illinois AGI AGI AGI Galva, Illinois Hastings, Nebraska Galva, Illinois Grinnell, Iowa Brule, Nebraska Hardin, Missouri AGI#28NORTH AMERICA - FOOD 28 AGI#29AGI IN SOUTH AMERICA 29 29 Strong Brazil team and broader product offering Regional expansion LATAM sales and channel strategy Brazil 01 SOUTH AMERICA AGI#3030 AGI≤ 14 AGI AGE BRAZIL AGI#3131 BRAZIL ADLT AG Abadiania - GO, Brasil Brasil AGIT AGITT AGIT Tailândia - PA, Brasil AGI AGI#3232 SOUTH AMERICA Puerto Paredón, Itapúa, Paraguay Argentina AGI#3333 AGI IN EMEA Italy 06 EMEA ● Grain bin line automation completed Expanding local capabilities Leveraging geographic positions AGI#3434 EMEA Ukraine Poland Romania Ukraine AGI#3535 AGI IN APAC ● . Strong underlying fundamentals for rice market Expanding product line to enter new market segments across India India 03 Continuing to expand in Southeast Asia APAC AGI#3636 36 SOUTHEAST ASIA Indonesia Bangladesh Philippines Bangladesh AGI#3737 AUSTRALIA Horsham, Australia AGI AGUS T Adelaide, Australia AGI#3838 INDIA Central India Project STON MI AR MDUAL CAMERA CLAUSEND FOLDY State HOUN Tanisk Project, India West Bengal Project, India SHOT ON MI A MI DUAL CAMA Coscharis Farms Nigeria AGI

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