#1Q4 & FY 2020 Update VERDE AGRITECH#22 DISCLAIMER We are not good enough for you to invest if you: Are risk averse. Just want to make a quick buck. Expect delayed growth so you can earn dividends in the near term. Are looking for a traditional potash company. Don't deal well with changes. Don't understand the difficulties in developing technologies and markets for innovative products. Join our journey if you: Want to change the world into a better place. Are looking for a real-world technology developing company. Want to help Brazilian farmers protect the Amazon. Believe that Verde can make you and the planet healthier. Have watched or will watch the "Kiss the Ground" Netflix documentary. Care about soil biodiversity. If you are risk averse don't buy our stock. Don't rely on anything on this presentation. This presentation contains certain forward-looking information, which includes but is not limited to, statements with respect to Verde AgriTech Plc's (the Company's) strategy, the commercial production of Super Greensand®, K Forte®, Silício Forte®, TK47 and Alpha ("Products"), design and building of a manufacturing facility, receipt of environmental permits, and the generation of cash flow. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of the Company to differ materially from the forward-looking information. Material risk factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, the failure to obtain necessary regulatory approvals, risks associated with the mining industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), commodity price, demand for the products in Brazil, exchange rate fluctuations and other risk factors set out in the Company's most recently filed Annual Information Form under the heading "Risk Factors". Currently, the Products are commercially produced and sold in Brazil, but the Company has no concrete guarantee that it will be able to reach the sale of 25 million tonnes of Product in the market. Should commercial demand for the Products fail to develop, the Company's business model may not be appropriate. Accordingly, readers should not place undue reliance on such forward-looking information. Material factors or assumptions used to develop such forward-looking information include, but are not limited to, the demand for the Products in Brazil, the ability to secure necessary permits, the ability to secure financing, and other assumptions set out in the Company's current technical report. The Company does not currently intend to update forward-looking information in this presentation except where required by law. Total resources include all categories unless otherwise stated. The grades detailed in this presentation are conceptual in nature. The Company has filed on SEDAR a NI 43-101 compliant updated pre-feasibility study, published date December 22, 2017. All technical information should be reviewed according to this pre-feasibility study. Readers are cautioned not to rely solely on the summary of such information contained in this presentation and are directed to complete information posted on Verde's website (www.investor.verde.ag) and filed on SEDAR (www.sedar.com) and any future amendments to such. Readers are also directed to the cautionary notices and disclaimers contained herein. Potential investors should conduct their own investigations as to the suitability of investing in securities of Verde AgriTech Plc. VERDE AGRITECH#3Highlights 04 Q4 and FY 2020 Financial Statements 05 Operational Summary Key Metrics SG&A Expenses Other Highlights 06 07 09 10 Financial Summary 11 Brazilian Economic Scenario 13 Sales Growth and Guidance 15 2021 Key Objectives 16 Appendix 17 VERDE AGRITECH#44 HIGHLIGHTS Cash SUMMARY Ability to generate significant free cash flow in the long term. Credit facilities totaling R$ 22M approved by financial institutions in Brazil, to be used if needed. Average interest rate: 1,1% per month. Total loans in 2020 for CAPEX and working capital: R$10.3M. $2.2M cash held by the Company in Q4 2020, an increase of 236% YoY. 2020 was a challenging year, with operating complexities triggered by the pandemic scenario, in addition to a 27% drop in the price of potash delivered to Brazil. Covid notwithstanding, Verde has accomplished important milestones, such as: Profitability Gross margin increased to 59% in Q4 2020, compared to 36% in Q4 2019 and to 62%, compared to 48% in FY 2019. Sales increased by 76% in Q4 2020 compared to Q4 2019 and by 103% in FY 2020 FY 2019. The Company achieved a net profit of $550K in 2020, compared to a net loss of 1.1M 2019. 2020 was therefore the first year that the Company recorded a net profit. Revenue increased by 48% in Q4 2020 and by 52% in FY 2020. The actual increase in revenue in Brazilian Real for FY 2020 compared to FY 2019 was 97%. Launching a new product, BAKS®. Launching two new technologies: 3D AllianceⓇ and Micro S Technology®. Achieving both its sales and revenue targets for FY 2020. Recording a full-year net profit for the first time. The Company's targets for 2021 are achieving R$50M revenue and selling 350K tonnes of the Product. Operations The Company is fully permitted to mine 482,800 tpy. Plant 1 is in operation with BAKS® production. In 2021, a new Pre-Feasibility Study will be elaborated by the Company to correctly assess sulfur's potential market in Brazil and to update the information disclosed in the PFS filed by the Company on SEDAR in 2017. The new PFS is expected to be finished by the end of 2021. * All figures are in Canadian dollars, unless stated otherwise Average exchange rate in 2020: C$1.00 = R$3.84 Average exchange rate in 2019: C$1.00 = R$2.97 VERDE AGRITECH#5Q4 AND FY 2020 FINANCIAL STATEMENTS All amounts in CAD $'000, except percentages Q4 2020 Q4 2019 YoY FY 2020 FY 2019 YoY Revenue Production costs 2,209 1,491 48% 9,167 6,029 52% -912 -960 -5% -3,515 -3,166 11% Gross Profit Gross Margin 1,297 531 144% 5,652 2,863 97% 59% 36% N/A 62% 47% N/A Sales expenses -673 -202 233% -2,270 -1,303 74% General expenses -588 -381 54% -1,791 -1,535 17% Operating Profit/(Loss) before non cash events 36 -52 N/A 1,591 25 Non Cash Events* Shared Based and Bonus Payments -18 113 N/A -425 -787 -46% Depreciation and Amortization -4 -2 73% -23 -22 4% Loss on disposal of property, plant and equipment N/A -17 ○ N/A Operating Profit/(Loss) after non cash events 14 59 -77% 1,126 -784 -244% Corporation tax -79 -41 93% -330 -186 78% Interest Income/Expense -127 -29 339% -246 -137 80% Net Profit/(Loss) -192 -11 N/A 550 -1,107 N/A * 5 (included in administrative expenses in financial statements) VERDE AGRITECH#66 OPERATIONAL SUMMARY All amounts in CAD $'000, except percentages Tonnes sold '000 Revenue per tonne sold $ Production cost per tonne sold $ Gross Profit per tonne sold $ Gross Margin Q4 2020 Q4 2019 YOY FY 2020 FY 2019 YOY 57 32 76% 244 120 103% 39.03 46.26 -16% 37.62 50.32 -25% -16.11 -29.79 -46% -14.42 -26.42 -45% 23 16 39% 23 24 -3% 59% 36% N/A 62% 47% N/A VERDE AGRITECH#77 KEY METRICS QUARTERLY 250000 200000 150000 100000 Sales (Tonnes) 105,769 243,707 9000 8000 7000 6000 5000 119,80 4000 Revenue ('000 CAD) 3,956 6,02 3000 71,183 62,89 3,055 2,492 56,585 2000 50000 23,600 32,22 29,648 20,641 1,329 10,170 9,007 1,093 Q1 Q2 ■ 2018 Q3 9,007 Q4 20,641 Full Year 1000 510 154 Q1 2,209 1,491 692 1,358 666 Q2 Q3 Q4 Full Year 29,648 2018 666 692 1,358 2019 2020 1,093 10,170 23,600 71,183 62,895 32,221 119,809 2019 154 1,329 3,055 1,491 6,029 105,769 56,585 243,707 ■2020 510 2,492 3,956 2,209 9,167 2018 2019 2020 2018 2019 ■2020 9,167 VERDE AGRITECH#8OTHER HIGHLIGHTS 70% Gross Margin 60% 50% 40% 30% 20% 10% 36% 59% 48% 62% 山 0% Q4 2019 Q4 2020 FY 2019 FY 2020 Average GM since production started: 53% The key reason for the GM improvement in 2020 was the reduction of production costs per tonne. The reduction of 46% in Q4 2020 compared to Q4 2019 was due to cost efficiency enhancement of 17% and as a result of devaluation of the Brazilian Real by 29% against the Canadian Dollar. For FY 2020, production costs were reduced by 45% compared to FY 2019, again due to cost efficiency improvements and the devaluation of the Brazilian Real against the Canadian Dollar. The increase in CIF (Cost Insurance and Freight) share of total sales in FY 2020 versus FY 2019 compared to FOB (Free on Board) had a positive impact of 2% in GM. VERDE AGRITECH#99 SALES, GENERAL AND ADMINISTRATIVE EXPENSES All amounts in CAD $'000, except percentages Q4 2020 Q4 2019 YOY FY 2020 FY 2019 YOY Sales Expenses Sales and marketing expenses Product delivery freight expenses Total Sales expenses -196 -57 244% -1,137 -932 22% -478 -145 229% -1,133 -371 205% -673 -202 233% -2,270 -1,303 74% General expenses General administrative expenses -493 -227 117% -1,149 -901 27% Legal, professional, consultancy and audit costs. -75 -91 -17% -520 -496 5% IT/Software expenses -23 -33 -31% -98 -79 25% Taxes and licenses fees 4 -30 -113% -24 -59 -59% Total General expenses -588 -381 54% -1,791 -1,535 17% VERDE AGRITECH#1010 OTHER HIGHLIGHTS -500 -1000 -1500 -2000 -2500 Sales Expenses (C$'000) -57 -145 -202 -196 -478 -673 -932 -371 300,000 250,000 200,000 FOB vs CIF (tonnes) -1137 -1133 150,000 -1303 117,413 119,809 100,000 50,000 -2270 Q4 2019 Q4 2020 FY 2019 FY 2020 ■Sales and marketing expenses Product delivery freight expenses Total Sales expenses Total Sales Expenses Sales and marketing expenses Product delivery freight expenses Q4 YoY 233% 244% 229% FY YOY 74% 22% 205% 212,025 31,682 2,396 FY 2019 FY 2020 FOB CIF ■ Total 243,707 Sales (tonnes) FY 2019 FY 2020 YOY FOB 117,413 212,025 81% CIF 2,396 31,682 1222% Total 119,809 243,707 103% Expenses increased mainly due to additional sales and marketing staff to support the Company growth from an average of 13 employees in 2019 to an average of 32 employees in 2020, along with increased commissions paid to consultants. The Company has significantly increased the volume sold as CIF, from 2% of total sales in 2019 to 13% in 2020. VERDE AGRITECH#1111 FINANCIAL SUMMARY Revenue Revenue from sales for Q4 2020 was $2.2M from the sale of 56.6K tonnes of the Product, at $39 per tonne sold. Average revenue per tonne was lower than Q4 2019 ($46 per tonne sold). The Product price is based on the current US$ Potassium Chloride price. Therefore, the reduction of the average revenue per tonne was mainly due to the decline of the Potassium Chloride CFR (Brazil) price, from US$290 per tonne in Q4 2019 to US$250 per tonne in Q4 2020 (Acerto Limited Report). For FY 2020, total Revenue from sales was $9.2M an increase of 52% compared to FY 2019. Profitability Sales increased by 76% in Q4 2020 compared to Q4 2019 and by 103% in FY 2020 FY 2019. Cash Operating profit increased by $1.9M in FY 2020 compared to FY 2019 and net profit after taxes increased by $1.65M in FY 2020 compared to FY 2019. 2020 was the first year that the Company recorded a net profit. Gross margin increased to 59% in Q4 2020, compared to 36% in Q4 2019 and to 62%, compared to 48% in FY 2019. Cash held by the Group increased by 236%, to a total of $2.2M compared to $0.7M in Q4 2019. For FY 2020, net cash generated under operating activities was $1.0M, compared to net cash utilised of $0.7M in FY 2019, reflecting the profit generated from sales and changes in working capital. VERDE AGRITECH#1212 SUMMARY OF INTEREST-BEARING LOANS AND BORROWINGS Lender Loan start date Purpose Grace period (months) Term (months) Value (R$'000) Repayable by Total interest payable* Santander Oct, 2020 Equipment and working capital ABC Brazil Aug, 2020 Equipment and working capital ōō 01 36 2,000 Oct, 2023 11.11% 01 36 2,000 Aug, 2023 10.54% Santander July, 2020 Equipment 06 18 359 July, 2022 14.86% Bradesco July, 2020 Equipment and working capital 06 60 5,000 July, 2025 10.95% Bradesco Mar, 2020 Vehicle 01 48 119 Apr, 2024 12.49% Santander Jan, 2020 Equipment 06 36 364 June, 2023 12.72% Bradesco Jan, 2020 Equipment 00 48 450 Feb, 2024 13.31% Bradesco Oct, 2019 Working capital 03 15 450 Feb, 2021 14.03% Santander Apr, 2019 Equipment 01 36 73 Oct, 2022 11.54% Santander Apr, 2019 Equipment 01 36 150 Oct, 2022 11.54% Santander May, 2018 Equipment 12 60 1,040 May, 2023 11.55% - * Inc Variable interest (IPCA) - Broad Consumer Price Index, a measure of the average price needed to buy consumer goods and services. The Company's current loan rates vary from 10.95% to 14.86% per annum. The Brazilian Government long term bond rate is currently 7.5% per annum. The Company's last loan rates are an average 3% higher than the government bonds, which management considers to be competitive VERDE AGRITECH#13BRAZILIAN ECONOMIC SCENARIO 13 Source: https://www.bcb.gov.br/estabilidadefinanceira/historicocotacoes 5.00 4.50 Brazilian Real versus Canadian Dollar 4.00 3.50 From October to December 2020, the Brazilian Real 3.00 devalued by 29% in relation to Canadian Dollar compared to the same period of 2019. 2.50 2.00 1.50 As of April 06, 2021, C$1.00 = R$4.46. 1.00 0.50 0.00 6.00 5.50 5.00 Brazilian Real versus US Dollar 4.50 4.09 4.15 4.11 4.00 From October to December 2020, the Brazilian Real devalued by 31% in relation to US Dollar compared to the same period of 2019. 3.50 3.00 2.50 2.00 As of April 06, 2021, US$1.00 = R$5.61. 1.50 1.00 0.50 0.00 Jan/19 Feb/19 Mar/19 Apr/19 May/19 Jun/19 Jul/19 Aug/19 Sep/19 Oct/19 Nov/19 Dec/19 Jan/19 Feb/19 Mar/19 Apr/19 May/19 Jun/19 Jul/19 Aug/19 Sep/19 Oct/19 Nov/19 Dec/19 Jan/20 Feb/20 Mar/20 Apr/20 May/20 Jun/20 Jul/20 Aug/20 Sep/20 Oct/20 Nov/20 Dez/20 Jan/21 Fev/21 3.10 3.14 3.12 CAD/BRL Exchange Rate Jan/20 Feb/20 Mar/20 Apr/20 USD/BRL Exchange Rate 5.65 5.63 5.42 5.36 5.42 5.15 May/20 Jun/20 Jul/20 Aug/20 Sep/20 Oct/20 Nov/20 Dez/20 Jan/21 Fev/21 Mar/21 4.26 4.15 4.02 4.21 4.27 4.49 Mar/21 VERDE AGRITECH#14POTASSIUM CHLORIDE PRICE Q4 and FY 2019 vs Q4 and FY 2020 Decrease of 14% from from US$290 per tonne in Q4 2019 to US$250 per tonne in Q4 2020. Decrease of 27% from from an average of US$328 per tonne in FY 2019 to US$238 per tonne in FY 2020. 400 350 303 300 250 200 150 100 50 900 800 700 30-year history 600 Comparison between prices since October 1990 and the last 12 months. 500 400 300 200 100 Jan/19 Feb/19 Mar/19 Apr/19 May/19 Jun/19 Jul/19 Aug/19 289 CFR Brazil (USD) 1 279 251 251 246 256 285 Sep/19 Oct/19 Nov/19 Dec/19 Jan/20 FOB Vancouver (USD) 2 Feb/20 Mar/20 Apr/20 May/20 Jun/20 Jul/20 Ago/20 Set/20 Out/20 Nov/20 Dez/20 Jan/21 Fev/21 Mar/21 fev/91 fev/93 fev/95 fev/97 fev/99 fev/01 fev/03 fev/05 fev/07 fev/09 fev/11 fev/13 fev/15 fev/17 fev/19 fev/21 14 Source: 1 Acerto Limited Report, Agribusiness Intelligence for Latin America / 2 https://www.indexmundi.com/commodities/?commodity=potassium-chloride&months=360 VERDE AGRITECH 312#1515 YEAR-ON-YEAR SALES GROWTH (TONNES) Quarter 2018 2019 YoY Growth 2020 YoY Growth Q1 1,093 10,170 830% Q2 23,600 71,183 202% Q3 9,007 62,895 598% 105,769 68% Q4 20,641 32,221 56% 56,585 76% Total 29,648 119,809 304% 243,707 103% 2020 GUIDANCE Both sales and revenue targets for 2020, respectively 244,000 tonnes sold and R$35.2M revenue, were achieved by the Company. 2021 GUIDANCE 2021 Targets Sales Volume 350K tonnes Revenue R$ 50M Expected YoY Growth 44% 42% VERDE AGRITECH#1616 VERDE'S KEY OBJETIVES FOR 2021: . • Achieving 10% of the Company's total sales as BAKS®. Launching a new technology in the second quarter of 2021. Obtaining ISO 9001 and ISO 14001 certifications. Obtaining the Mining Concession for 2.5M tpy for Mine Pit 2, a milestone in our path to achieving the target of 25M tonnes annual production. Initiating the construction of Plant 2, with the completion of the necessary infrastructure for its development, such as the plant's power grid connection, access routes improvement and preliminary civil construction. VERDE AGRITECH#17APPENDIX VERDE AGRITECH#18PATASSIUM CHLORIDE REPLACEMENT Potassium salt fertilizers are soil biodiversity's number 1 enemy. The average farmer applies 200 kg of potassium chloride to the soil per hectare per year. This is equivalent to the application of 1,600 litres of bleach as far as killing soil biodiversity.1 The world currently uses 61.5 million tonnes of potassium chloride for agriculture per year², the equivalent to more than 460 billion liters of bleach killing soil biodiversity yearly. Verde's Product eliminates the need for potassium chloride. Period In Q4 2020 Since production started Bleach equivalent amount that has not been applied to agricultural soils 71M litres 495M litres Over the next 36 years³, the Company intends to have prevented at least 957.8 billion liters of bleach from being applied to soils in the guise of potassium chloride. 1 Effects of Some Synthetic Fertilizers on the Soil Ecosystem (HEIDE HERMARY, 2007) / 2 http://www.fao.org/faostat/en/#data/REN 18 3 Based on NI 43-101 Production Schedule. See Pre-Feasibility Technical Report Cerrado Verde Project, MG, Brazil, page 141. VERDE AGRITECH#1919 PERMIT STATUS LAST 12 MONTHS Mine Pit Date Category Status Event 2 December 23, 2020 Environment Granted 2,500,000 tpy Preliminary, Installation and Operation License 2 November 03, 2020 Mining Granted 50,000 tpy Mining Permit 3 August 24, 2020 Environment Applied 2,500,000 tpy Preliminary, Installation and Operation License 1 August 19, 2020 Environment Granted 233,000 tpy Operating License 2 March 30, 2020 Environment Applied 2,500,000 tpy Preliminary and Installation License 2 March 26, 2020 Mining Approved 25,000,000 tpy Feasibility Study 3 March 25, 2020 Mining Applied 2,500,000 tpy Mining Concession Application VERDE AGRITECH#2020 PERMIT SUMMARY Verde currently has full rights to mine 482,800 tpy (since it holds mining Concessions/Permits and Environmental Licenses) and has submitted joint mining and environmental applications for an additional 2,500,000 tpy. Mining (tpy) Mine Pit Fully Permitted to Produce (tpy) Granted Pending 1 2 3 Total 233,000 200,000 233,000 О 200,000 25,000,000 Granted Environmental (tpy) Pending 233,000 2,600,000 0 0 49,800 49,800 2,500,000 49,800 2,500,000 482,800 The amount that is fully permitted supports the Company's target for 2021. 482,800 27,500,000 2,882,800 2,500,000 VERDE AGRITECH#21VERDE AGRITECH investor.verde.ag | TSX: NPK | OTCQB: AMHPF |