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Investor Presentaiton

37 Brazil Ag Economic Data - Agricultural area ~ 283 million hectares* - Arable land & permanent crops ~ 87 million hectares ~17 million hectares brought into production from 2002-2012 (~ half from pasture) - ~ 1 million hectares will be brought into production in next 10 years Average farm size ~ 70 hectares - Number of farms ~ 5 million US$ Billions $150 $120 $90 Crop Value of Production $60 $30 $0 2010 2013 2016 2019E Includes key grains, ethanol, sugar Source: IHS Markit, May 2020 Soybean Corn Sugar Beef Chicken Share of the World Market Production Exports 34% 48% 8% 19% 20% 42% 16% 20% 14% 33% * Includes pasture, excludes double crop Source: FAO, Conab, Brazilian Institute of Geography and Statistics (IBGE) Source: USDA, May 2020; average 16/17-18/19
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