Investor Presentaiton

Brazil | Production of grains. 1.5 58 38 16/06 91/92 Area (million hectares): +53% -O-Production (million tonnes): +261% 92/93 93/94 94/95 95/96 96/97 97/98 66/86 99/00 00/01 01/02 02/03 03/04 04/05 05/06 Productivity (tons/ha): + 136% Source: Conab (August 2015) and DEAGRO-Fiesp. (*) Note: estimate of Brazilian production for 2014/15 BRAZILIAN ECONOMY OVERVIEW Zo/90 07/08 60/80 09/10 10/11 11/12 12/13 vv/£u 58 14/15* 3.6 209

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