1st Quarter 2017

Earnings Webcast

May 15, 2017

DISCLAIMER

1Q17

This press release contains forward-look ing statements that are based on our current expectations, assumptions, estimates and projections about us and our industry. These forward-look ing statements can be identified by words or phrases such as "anticipate," "forecast", "believe," "continue," "estimate," "expect," "intend," "is/are likely to," "may," "plan," "should," "would," or other similar expressions.

The forward-looking statements included in this press release relate to, among others: (i) our business prospects and future results of operations; (ii) the implementation of our business strategy, including our development of the Ivinhema project; (iii) our plans relating to acquisitions, joint ventures, strategic alliances or divestitures; (iv) the implementation of our financing strategy and capital expenditure plan; (v) the maintenance of our relationships with customers; (vi) the competitive nature of the industries in which we operate; (vii) the cost and availability of financing; (viii) future demand for the commodities we produce; (ix) international prices for commodities; (x) the condition of our land holdings; (xi) the development of the logistics and infrastructure for transportation of our productions in the countries where we operate; (xii) the performance of the South American and world economies; (xiii) weather and other natural phenomena; (xiv) the relative value of the Brazilian Real, the Argentine Peso, and the Uruguayan Peso compared to other currencies; and (xv) developments in, or changes to, the laws, regulations and governmental policies governing our business, including environmental laws and regulations.

These forward-look ing statements involve various risks and uncertainties. Although we believe that our expectations expressed i n these forward- looking statements are reasonable, our expectations may turn out to be incorrect. Our actual results could be materially dif ferent from our expectations. In light of the risks and uncertainties described above, the estimates and forward-look ing statements discussed in this press release might not occur, and our future results and our performance may differ materially from those expressed in these forward -looking statements due to, inclusive, but not limited to, the factors mentioned above. Because of these uncertainties, you should not make any investment decision based on these estimates and forward-look ing statements.

The forward-look ing statements made in this press release related only to events or information as of the date on which the statements are made in this press release. We undertake no obligation to update any forward-look ing statements to reflect events or circumstances after the date on which the statements are made or to reflect the occurrence of unanticipated events.

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Sugar, Ethanol & Energy Business

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Sugar, Ethanol & Energy Business- Sugarcane Crushing

1Q17 We decided to slowdown the pace of milling and accelerate the maintenance of equipment, machinery and sugarcane renewal

Operational Metrics

Operational Metrics 1Q17 1Q16 % Change

Total Days

90

91

(1%)

Effective Milling Days

38

40

(3%)

Total Crushing (thousands tons)

1,461

1,504

(3%)

Milling per Day (thousands tons) 38 38 0%

Sugarcane crushing

(In Thousands Tons)

1,504 (3%) 1,461

Renewal Hectares & Maintenance Days

Maintenance Days

20

3,720

1Q16 1Q17

Rainfalls Cluster - Mato Grosso do Sul

(In mm)

3

2,335

59%

Oct-16

Nov-16

Dec-16

Jan-17

Feb-17

Mar-17

Mato Groso Do Sul Rains 10 Years Average

1Q16

1Q17

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Adecoagro SA published this content on 03 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 03 July 2017 17:17:09 UTC.

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