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Investor Presentaiton

High rice harvesting surface and low yield presents an opportunity for mechanization Rice Farming Machinery # 6 in rice harvesting surface in Sub-Saharan Africa 50% lower yield observed across food crops (including rice) as compared to world average 1 Nigeria 2 Guinea Harvesting surface in 000s ha¹ 5,281 1,924 3 DRC 1,813 4 Tanzania 1,053 5 Mali 925 6 Côte d'Ivoire 698 7 Sierra Leone 602 8 Senegal 346 9 Ghana 321 10 Cameroon 268 1. FAO 2019 harvesting data 2. FAO aggregated 2014 yield data Yield (tons/ha)² Northern America South America 4.4 Europe 4.3 World 3.7 Asia 3.6 -47% Oceania 2.2 Cote d'Ivoire 2.0 Africa 1.4 7.6 Strong upside potential for significantly increasing production through machinery and mechanization 61
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