#1ADECOAGRO A SUSTAINABLE DEVELOPMENT MODEL Niñas adecoagro HL23096H#2OUR PROJECT adecoagro ADECOAGRO WAS FOUNDED BY A GROUP OF ENTREPRENEURS WITH EXPERIENCE IN THE SECTOR SINCE INCEPTION THE GOAL WAS TO CREATE A SUSTAINABLE PRODUCTION MODEL#3INDEX 2 3 1 WHO WE ARE OUR BUSINESS SEGMENTS OUR SUSTAINABLE MODEL adecoagro#41 WHO WE ARE adecoagro#5WHO WE ARE adecoagro We are an AGRIBUSINESS COMPANY producing FOOD AND RENEWABLE ENERGIES We produce SUGAR, ETHANOL, ENERGY, GRAINS, RICE, PEANUTS AND DAIRY PRODUCTS OF THE HIGHEST QUALITY We operate IN DIFFERENT REGIONS OF BRAZIL, ARGENTINA AND URUGUAY We develop EFFICIENT AND SUSTAINABLE PROJECTS 5#6adecoagro OUR VISION WE WANT TO BE THE MOST EFFICIENT AND SUSTAINABLE PRODUCER OF FOOD AND RENEWABLE ENERGY. FOCUS ON KEY PILLARS OF OUR IDENTITY: Profitable for our shareholders. Focus on returns. Good for the environment. Source of carbon credits. Efficient production models and continuous improvement. Good for our clients. Satisfy their needs with traceable and high-quality products. Early adopters and developers of own technology. Constant innovation. Good for our people and communities where we operate. 6#7☑☑ WHERE WE ARE 988 ффф . 908080 • • • • BRAZIL 3 Sugar & Ethanol Mills +193 thousand hectares of sugarcane +10.5 million tons of sugarcane crushed per year +1 million MWh of renewable energy generated per year NORTH OF ARGENTINA • ° 59 thousand hectares of special crops planted Agriculture in our own farms NORTHEAST OF ARGENTINA 54 thousand hectares of rice planted • 4 Rice Mills 397 thousand tons of paddy rice processed HUMID PAMPAS 143 thousand hectares sown of corn, wheat, soy, peanut and sunflower 4 high efficiency free stalls 2 dairy-processing plant (fluid milk; powdered milk and cheese) 2 grain storage and handling facilities 2 processing plant (sunflower; peanut) 1 manufacturing plant for rice snacks 1 Biodigestor (1.4 MW) 988 ܤܤܤ URUGUAY • 8.7 thousand hectares of corn, wheat and soy. • 1.7 thousand hectares of rice. • 2 Rice processing and storage plants 500+ THOUSAND HECTARES UNDER MANAGEMENT adecoagro 7#8& OUR HISTORY adecoa adecoagro Foundation of Adecoagro in Argentina with the idea of adopting a sustainable production model . • Expansion of our crops business into Uruguay and Brazil Beginning of operations in the sugar, ethanol and energy business First steps into the dairy business Listing in the New York Stock Exchange under the ticker AGRO Consolidation of our sugar, ethanol and energy cluster Vertical integration of Dairy, Rice and Crops businesses. 2002 2004 2010 2011 2012 2023 >> To know more about us: www.adecoagro.com 8#9B OUR EVOLUTION Sugar equivalent ('000 Tn) Farming Production ('000 Tn) Total agricultural produced ('000 Tn) Area under management ('000 Ha) Total renewable energy produced ('000 MWh) 1,564 1,389 1,236 1,194 1,849 1,975 adecoagro 2,814 2,744 2,680 2,464 2,329 2,344 2,292 1,215 1,104 1,030 1,070 1,092 1,106 966 815 728 668 585 665 563 488 500 522 406 351 359 420 ₤13 441 450 452 463 473 473 305 271 258 234 159 113 134 75 75 110 132 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 AGRO LISTED NYSE 9#10adecoagro FINANCIAL OVERVIEW-ADJUSTED EBITDA $ USD MM 342 314 305 298 276 216 215 181 150 142 96 29 3 2008 2009 2010 2011 2012 437 433 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 AGRO LISTED NYSE (*) IN JANUARY 2011 ADECOAGRO WAS LISTED IN NYSE UNDER THE TICKER AGRO 10#11adecoagro PERFORMANCE OVERVIEW GROSS SALES (US$ MILLION) ADJUSTED FREE CASH FLOW (US$ MILLION) 1,352 1,098 899 892 822 770 79 7 ■Adj. FCF from Operations ■Adj. FCF 152 141 109 94 80 68 52 -18 71 2017 2018 2019 2020 2021 2022 2017 2018 2019 2020 2021 2022 GROSS SALES BREAKDOWN (%) Wheat Others 2% 10% Energy 2% Soybean 5% Corn 5% Ethanol 29% DEBT MATURITIES (US$ MILLION) 280 550 Dairy 18% Sugar 80 35 14% Rice 15% 2023 2024 2025 2026 2027+ As of December 31st, 2022.#12WE BUILD A CULTURE BASED ON OUR VALUES adecoagro TRANSPARENCY We are honest in our relationships and work with integrity. TRUST We generate solid and long-lasting relationships. EFFICIENCY We maximize our capacities. INNOVATION We encourage creativity and ongoing improvement. SUSTAINABILITY We promote environmental and social management. SAFETY We promote a safe and sustainable working environment. 12#13OUR TEAM adecoagro +9,700 EMPLOYEES IN THE ADECOAGRO FAMILY WE ARE PASSIONATE FOR WHAT WE DO. WE CONTINUOUSLY WORK TOWARDS IMPROVING AND OUTPERFORMING OURSELVES 13#142 OUR BUSINESS SEGMENTS adecoagro#15OUR BUSINESS SEGMENTS BRAZIL ARGENTINA & URUGUAY A www SUGAR, ETHANOL & ENERGY 47% adecoagro RICE CROPS DAIRY 15% 20% 17% Note: Percentages represent segment contribution to Adecoagro's 2022 gross sales. 15#16A adecoagro SUGAR, ETHANOL AND ENERGY ACTIVITY BRAZIL +1 million MWh/year 482,000 tons of sugar production Biofertilizers and SUGARCANE biomethane Harvest Vinasse Soil carbon sequestration Crushing +6,900 employees + 193,000 hectares of sugarcane in Mato Grosso do Sul and Minas Gerais CO2 credits 1 million tons of Co2eq 540,000 m³ of ethanol production ETHANOL SUGAR Electrical energy Power grid Renewable Natural Gas certificates Bagasse + 670 tractors and trucks +110 harvesters 14 million tons of sugarcane crushing capacity 16#17A adecoagro MATO GROSSO DO SUL A COMPLETELY NEW DEVELOPMENT FOR THE REGION MS + 185 THOUSAND HECTARES CLUSTER ANGELICA & IVINHEMA 13 MN TONS CRUSHING CAPACITY Ethanol (m3) Energy (MWh) Sugar (tons) COMPETITIVE ADVANTAGES LOW COMPETITION FOR LAND HIGH COGENERATION SUGA SUGAR RenovaBio EFFICIENCY HIGH TRS/HA CONTINUOUS POTENTIAL HARVEST TAX % MODEL ICMS TAX INCENTIVE PRODUCTION FLEXIBILITY 17#18adecoagro CROPS ACTIVITY ARGENTINA & URUGUAY Traceability focused on quality and safety 1 plant for peanut processing with 80,000 tons capacity Dalmacio Vélez, Córdoba Good Farming Practices Sustainable Production 211,000 planted hectares In 9 provinces of Argentina and Uruguay 50,000 hectares of cover crops 1 plant for sunflower processing with 50,000 tons capacity Pehuajó, Buenos Aires 2 plants for grain storage and handling Soil carbon sequestration Christophersen, Santa Fe Espartillar, Buenos Aires Sustainable soy RTRS +765,000 tons produced Wheat, Corn, Sunflower, Peanut, Soy among other crops 18#19www RICE ACTIVITY ARGENTINA & URUGUAY Sustainable use of water Molinos Ala Domestic and export market Traceability focused on quality and safety Indica & Japonica Varieties include: Long grain Parboiled Medium grain Brown Rice Carnaroli Yamaní Molinos Ala Molinos Ala Molinos Ala L Molinos Ala Molinos Ala AMAN Snacks Toasts, Minis and Dips Versions: Classic Salt-free Whole grain Melines Al DIPS dear TOSTADA 000 adecoagro In-house production of seeds Advanced technology in the field Sustainable production Molinos Ala MINIS CLASICAS 53 Molinos Ala apostoles 3 brands 56,000 hectares under irrigation (NE Argentina) +400,000 tons produced 6 mills to process 100% of our production 1 plant for healthy snacks ellaboration 19#20adecoagro DAIRY ACTIVITY ARGENTINA & URUGUAY Domestic and export market High quality products 鹤 Las Tres Niñas apostoles LECHE CON C Animal welfare Cow feeding production 14,400 milking COWS in 4 high efficiency free stalls Niñas A ORIC Las Tres Niñas entera era Pureza desde elorizes Las Tres 3 brands Niñas 2 plants for processing 36 Clean sand beds, cooling and hydration systems Angelita apostoles Fluid milk, chocolate milk and cream (Chivilcoy, Buenos Aires) (Capacity of 555,000 liters per day) Powdered milk and semi-hard cheese (Morteros, Córdoba) (capacity of 870,000 liters per day) 36 liters per cow per day 1.4 MW Installed capacity of the biodigester Energy and biofertilizers production from manure CO2 credits 17,000 tons of Co2eq Traceability Ongoing monitoring of health and quality indicators 20#21昝 OUR PRODUCTS adecoagro Fluid milk Renewable energy Rice Powdered milk Rice snacks Sugar Semihard cheese Chocolate milk Milk cream sev FAT Las Tres Niñas 89% Las Tres Niñas CKUMA UKIGINAL Las Tres Niñas LECHE CON Las Tres Niñas Danbo CACAO adecoagro WHOLE MILK POWDER Spray Process Par desde el origen Las Tres Parsza desde el origen Las Tres Niñas Niñas leche parcialmente, descremada EXTRA DEFENSAS 000 leche entera EXTRA DEFENSAS A Molines Ala TOSTADAS Molinos Ala TOSTADITAS de arroz CLASICAS SUPER CROCANTES adecoagro GrowingEnergy AÇ WHITE CRYSTAL SUGAR CROP YEAR 201 PRODUCTION 2019 VALIDITY: 2221 NUEVO! NATURALEZA ES CUIDARTE Molinos Ala Grane Selecte INDEVO ALCZA ES CARTE Molinos Ala Grane Selecte ACUCAR MONTE ALEGRE LARGO FINO NO SE PASA MI SE PEGA CRISTAL MONTE ALEGRE Organico Serant ade Corn Wheat Soy Peas Beans Peanuts Organic sugar Chickpea Ethanol • Sunflower seeds 21#223 adecoagro OUR SUSTAINABLE MODEL#23EFFICIENCY adecoagro 88 LOW COST DIVERSIFICATION We produce each product where the combination of climate and soil enables us to be the lowest cost producer Our diversification is a natural hedge from climate risk and commodity price volatility INTEGRATION ES CLIDARIE Molinos Ala FLEXIBILITY Las Tres Niñas enter We are present at each stage of the chain adding value and ensuring the quality of our products We have the ability to switch between products and sell them both to the domestic and/or international market 23#24adecoagro INNOVATION WE ENCOURAGE CREATIVITY AND ONGOING IMPROVEMENT IN EACH OF OUR BUSINESSES CLUSTER IN MATO GROSSO DO SUL • Meiosis technology and pre-sprouted seedling implementation ("muda"). Generation of biomethane from concentrated vinasse with the potential of replacing our annual diesel consumption of 40mm It. DAIRY FARM WITH MAXIMUM PRODUCTIVITY Optimal conditioning for animal welfare Milking carrousels to optimize efficiency TRACEABLE RICE FROM THE ORIGIN 66 Development of our own seed genetics Monitoring with drones, geolocation and digital platforms CROP PRODUCTION THROUGH THE USE OF GOOD PRACTICES Development of "El Agrónomo" app which integrates geographic, technical, farming, administrative and accounting information Complete traceability through the scanning of a QR code. 24#25Дв ENVIRONMENTAL MANAGEMENT & CIRCULAR economy initiatives and REGENERATIVE agriculture Good practices: no till, cover crops, biological pesticides, etc adecoagro RENEWABLE ENERGY projects Pioneers in the sale of Cbios (Renovabio) Zero level technology results in 30% of water saving Our biodigesters process biomass and generate biogas. 25#26CO₂ ALREADY SEQUESTERING CARBON adecoagro Crops and Plantations Nutrients and Biofertilizers Carbon Credits Carbon Sink Food and Renewable Energy Organic Carbon Sustainability is key to sequester Carbon 26#27SOCIAL DEVELOPMENT adecoagro FOOD SAFETY AND QUALITY GFSI certifications among others LOCAL JOB CREATION Providing equal opportunities A HEALTH AND SAFETY at work Protocols and training COMMITMENT to the community Education, Nutrition and Local Development 27#28GOVERNANCE ONE CLASS OF COMMON SHARES NO CONTROLLING SHAREHOLDER - adecoagro EQUAL RIGHTS HIGH DEGREE OF INDEPENDENCE OF THE BOARD HIGHEST STANDARD OF CORPORATE GOVERNANCE HIGHLY QUALIFIED DIRECTOR & MANAGEMENT TEAMS MANAGEMENT & CONSULTING COMMITTEES 100% TRAINED IN ANTICORRUPTION POLICIES 28#29adecoagro THANK YOU! Victoria Cabello - IRO [email protected] Investor Relations Department [email protected]