Ag Growth International : AGI Corporate Presentation April 2024

April 2024

A Global Food Security Pure Play

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INVESTOR PRESENTATION CONTENTS

AGI Overview	2
Investment Highlights	12
Senior Leadership Introduction	30
Corporate Strategic Priorities	36
Regional Highlights	41
Financial Overview & Outlook	46
Disclosures	56

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AGI OVERVIEW

PURPOSE

Eliminate Food Loss and Hunger

MISSION

To advance storage, handling and processing solutions that strengthen and secure the global food supply chain

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AGI - SNAPSHOT

OVERVIEW

AGI is a provider of the equipment and solutions required to support the efficient storage, transport, and processing of food globally.

Revenue by segment

		FARM		COMMERCIAL
AGI has 30 manufacturing facilities across Canada,	56%		44%
the United States, Brazil, India, France, and Italy and distributes its
product worldwide.
		Revenue by geography
		U.S.	INTERNATIONAL	CANADA
		44%	33%	23%
$1.5B	$296M
Adjusted	Capital markets perspective
Revenue
EBITDA
Enterprise Value	Dividend Yield	Ticker
		$2.0B	1.0%	TSX: AFN

Notes:

Revenue by segment, Revenue by geography, and Adjusted EBITDA figures are based on last twelve months (LTM) ending March 31, 2024. See "Presentation of Financial Information".

Adjusted EBITDA is a non-IFRS measure. Revenue by Segment and Revenue by Geography are supplementary financial measures. See "Non-IFRS and Other Financial Measures".

Capital markets data as of April 29, 2024.

Source: Company reports, Capital IQ

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AGI PROVIDES FOOD INFRASTRUCTURE TO THE ENTIRE SUPPLY CHAIN

AGI equipment and solutions are uniquely positioned within the agriculture sector, serving as the connection between the farm & the plate

FARM		COMMERCIAL
Move, store, condition, monitor grain after harvest		Large-scale storage and movement of grain through
		the food supply chain, inclusive of equipment for food
		processing, rice milling, feed, and fertilizer

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AGI'S COMMITMENT TO SUSTAINABILITY

• As a supplier of the world's food infrastructure, our equipment solutions and technologies reduce post-harvest losses and increase food security
• Published inaugural Sustainability Roadmap in December 2020 describing our sustainability approach across four focus areas
• Released a comprehensive Sustainability Progress Update in January 2023 highlighting key ESG initiatives and performance
• Reports available on AGI's corporate website

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SIGNIFICANT REVENUE GROWTH

• 2014 to 2020 growth was supported by an aggressive acquisition strategy
• Significant expansion since 2020 almost entirely attributable to organic growth
• Resilient & diversified business model

LTM revenue figures are based on last twelve months (LTM) ending March 31, 2024. See "Presentation of Financial Information". Source: Company reports

CAD, millions

$1,494

$1,000

$410

2014

2020

LTM

Revenue

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RESILIENT TO REGIONAL OR ECONOMIC CONDITIONS

	CAD, millions
• Integration & optimization phase started with	$296
International regions in 2020 & extended to North
America in 2021

• Significant increase in operational excellence and

margin expansion initiatives began in 2022		$149
• Consistent demand for AGI products through	$78
challenging geopolitical & weather events as well
as economic cycles
• Uniquely positioned within the global agriculture
2014	2020	LTM
industry			Adjusted EBITDA

Notes:

LTM Adjusted EBITDA figures are based on last twelve months (LTM) ending March 31, 2024. See "Presentation of Financial Information".

Adjusted EBITDA is a non-IFRS measure. See "Non-IFRS and Other Financial Measures".

Source: Company reports

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STABLE & GROWING DEMAND PROFILE

Long-term demand for AGI products is driven by consumption

•	Global food and feed consumption	•	Urgency to reduce grain spoilage
•	Growing population	•	Improving crop yields
•	Growing crop volumes & production	•	Critical infrastructure gap in developing world
•	Increasing grain exports & trade	•	Energy trends and alternative fuels

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