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Investor Presentaiton

October 12, 2021 THOUGHTS ON ESG • Proteak's sustainable approach has been verified by FSC, the world's leading forest certification NGO. • The company's relationship with international development funds also validates this approach. • Expected carbon credit sales of US$2.4 million annually for the coming years would add P$0.9 to our price target. Local Communities ⚫ Fair Employer program (Empleador Justo): By YE18, Proteak had 652 employees from the local communities where its plantations are. Employees are provided with social security, private transport, and financial inclusion schemes. • Farmers program (Pequeños Productores). - This program covers a total of 899 ha. Local mom & pop plantations (<100 ha.) receive clonal seeds and help with Proteak's harvesting process. The state of Tabasco and CONAFOR provide subsidies. Proteak has a contract signed with these producers to purchase their wood. Stakeholders Groups of interest and government entities ⚫ Carbon credits: Proteak has sold carbon credits worth 890,000 tons of carbon dioxide (tCO2) and plans to issue an average of 368,000 per year in the 2022-2032 period at US$6.5 tC02. This would add P$0.85 per share to our YE22 price target. ⚫ FSC: - per The Teak unit has had 1,716 ha. verified (21% of total) and will have the balance verified as plantations mature. Meanwhile, all Proteak's farms are brought up following FSC guidelines. MDF unit: Entirely certified. • UN Global Compact: Proteak has been a participant since 2014. The company submits annual reports addressing how it tackles the UN's Sustainable Development Goals (SDGs). ⚫ National Forestry Commission (CONAFOR): Proteak has received subsidies from this public entity, as its forestry practices comply with CONAFOR's requirements. Partners and Creditors ⚫ FINNFUND (11.2% stake in MDF unit) - Finnish Fund for International Cooperation GBM Publicly funded development financier and impact investor Current investments and commitments: £800 million Since 2014, it holds an 11.2% stake in Pro Eucalipto Holding, owner of the MDF business. • AKA Commertz Bank (P$1.3 billion loan to MDF unit) European export and trade bank that's based in Frankfurt, Germany. Total loan portfolio of EUR 5.4 billion (US$6.1 billion) • IFC and Proparco (P$616 million in loans to Proteak) - - - IFC: Development banking institution focused on fostering the growth of the private sector in emerging markets. Member of the World Bank Group. US$22 billion in long-term financing commitments at the end of 2020. IFC's Environmental and Social Performance Standards serve as an international benchmark for identifying and managing environmental and social risks and has been adopted by many organizations, according to FIRST for Sustainability. Proparco: Part of AFD, a publicly funded financial institution in France. It has 40 years of experience in promoting ESG development in emerging markets. з FSC finnfund ака IFC EUROPEAN EXPORT TRADE BANK International Finance Corporation WORLD BANK GROUP UN GLOBAL COMPACT PROPARCO GROUPE AGENCE FRANÇAISE DE DÉVELOPPEMENT CONAFOR COMISIÓN NACIONAL FORESTAL TEAK: AFTER ALL, MONEY DOES GROW ON TREES. | 24
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