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Investor Presentaiton

36 BAKS® is a Cost-Efficient Solution that Requires Less Applications BAKS® Grains Comparison between BAKSⓇ Grains vs. a Conventional Source Results from Exercises Verde has recently published a report comparing the impacts of the use of BAKS® Grains vs. a conventional source of Sulphur 1 First exercise had 4 steps: 1 application of BAKS®, 2 applications of MAP and 1 application of urea 2 Second exercise had 5 steps: 1 application of MAP with pastille sulphur, 2 applications of KCI, 1 application of MAP alone and 1 application of urea Source: Company Filings 1 2 Operation BAKS® Grains Conventional Source 1 2 BAKS® Grains Conventional Source Soybean Operational Cost (R$/ha) 355 392 Pre-Planting BAKSⓇ I Plantation Furrow MAP MAP + pastille sulphur Fertilizer Cost (R$/ha) I 4,273 4,325 1st Cover 2nd Cover KCI I Total Cost 4,628 4,717 Corn Plantation Furrow MAP MAP 1st Cover Urea KCI 2nd Cover Urea Total Applications 4 5 VERDE AGRITECH
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