Investor Presentaiton

34 Cargill 2020 Annual Report need of social isolation to contain the covid-19 pandemic. This observation led us to channel investments in healthy and sustainable innovations in the retail product portfolio. We created reusable packaging for the Elefante brand and renewed our entire portfolio of oils and fats, including the launch of Purilev Coconut Oil and Liza vinaigrette. In our lines, we continued to pursue the goal of being per- ceived as healthier, with reduction in salt, sugar, preserva- tives, fats and dyes. The healthiness perception favored our olive oil line, thereby bringing greater added value. Guided by consumers We reformulated the packaging of the Elefante tomato sauce brand after learning from market research that consumers seek an option with a greater shelf life than that of the traditional can. We launched a plastic reusable packaging, with a lid to open and close it. We chose this material since it causes 6% less environmental impact and reduces by 18% CO2 emissions over the product life cycle, according to studies done in partnership with the Espaço Eco Foundation. Food and beverages We produce several ingredients for the food and beverage industries. Our starch and sweetener area supplies brewer- ies, the pop soda and ready to drink juice, food and ingre- dient industries. We develop specific products for the Food Service market, seeking better profitability and better costs. We kept our investments in the line of fats, Lévia+c, intended for the B2B market. Developed in partnership with Unicamp for the ice cream, cream and dairy drink segment, this ingre- dient presents the same physical structure of traditional fat as to creaminess, consistency and texture, but with a signifi- cantly reduced level of saturated fats. To offset the strong impact caused by the pandemic effects on the operations of bars and restaurants, we sought inno- vative solutions with the involvement of 500 students from the São Carlos College of Engineering of USP, and of the Food Engineering College of Unicamp. Formatted as a hackathon, this project intends to find feasible ideas to solve the problems faced by this sector during the pandemic. In another direction, Cargill gave support to clients from this sector to offer tastier, healthier and more profitable menus. The Food Service revenue rupture was offset by the signif- icant amount of food consumed at home. Both the ready to eat product line for retail as well as our Cocoa and Chocolate sector showed a significant increase in sales, especially dairy drinks, due to the presence of children at home. (Learn more about the Cocoa and Chocolate seg- ment on page 27) The valuable pectin With an investment of R$ 328 million, we advanced in 2020 with the construction of our HM pectin plant in Bebedouro/SP, a city located in the orange belt. This plant will be an export platform of an ingredient with high added value, which global demand presents a growth rate of 3% to 4% a year. HM pectin is a versatile texture agent, produced from cit- ric fruit. It is widely used in the food industry since it acts as a stabilizer, thickener and gelling agent in ice creams, dairy drinks, juices, sweets, fruit preserves and candy. Brazil was chosen to house this factory, among other factors, because it is one of the largest orange exporters in the world and has abundant supply of citric fruit. Elefante qui tem 18 ada latal SABOR DE SEMPRE 340g/ extrato de tomate

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