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Investor Presentaiton

JICA Rice Processing Rice processing value chain in Cl: Currently industrial processing is marginal (only ~2%) presenting strong upside potential Rice ecosystem in Côte d'Ivoire (using 2016 data) Production Processing 1 Non-exhaustive Distribution 1 Cooperatives and Producers About 600,000 small producers 2,055ktons Middlemen and Organizations 616k tons 135k tons Farmers own consumption (small processing units) 1303k tons ~2% 26k tons 2 Industrial processors Small Distributors SOCOMCI Open market "Cantines" LDC. Supermarkets Export to regional -98% 1280k tons Mini Processors Agri-supplier, construction service providers and machinery 3 CDCin Large Distributors SOCOPRIX PROSUMA Carrefour GROUPE CARRÉ D'OR S.D.T.MBL. Section de Totes Marchand en d Imports (50% of the country need) Cic Cote d'Ivoire GEDIS ETG LOGISTICS Controls ~60% of imported rice market 1. 2nd level processing not included – hydrocarbons, energy, beer and flour 2. Industrial processors more than 2 tons per hour 3. Mini processors - less than 2 tons per hour Source: WFP (2018); JICA Internal report 1 Production is dominated by small producers with small land size (ranging from 0.5h to 3ha) 2 Opportunity to grow industrial processing capacity 3 Rice imports play significant role in meeting demand 69 69
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