BrasilAgro Companhia Brasileira de Propriedades Agrícolas : 1Q23 Institutional Presentation

#AGRO3

INSTITUTIONAL #LND

PRESENTATION www,brasil -agro,com

December/2022

01 BRASILAGRO

THE COMPANY - BRIEF SUMMARY

Leader in the development of rural properties

Solid Track-record of Value Generation through land transformation

321,007

hectares acquired

Acquisition of R$1,2

billion of land in Brazil,

Paraguay and Bolivia

97,736

hectares sold

R$1.7 billion in sales of land with IRRs of 14%

up to 56%,

NAV Evolution

										CAGR:
										22,7%
							14.667,1	15.371,2
									0,5
6.778,4	7.942,3	8.696,9		3,4	3,3
					3,3
1,3	1,5	1,5	1,6	1,9
-				-
17/18	18/19	19/20		20/21	21/22
		Interna (R$ bi)			Deloitte (R$ bi)		R$/ha	Farm Sales

144,300	170,884
hectares	hectares
developed	planted
More than R$500	2022/2023 Harvest
million invested in
development of the

portfolio,

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Land Development Evolution

6%	11%
		27%
			42%	47%
	42%
		31%
94%			24%	25%
	47%	42%	34%
		28%
06/07	11/12	16/07	20/21	21/22
	undeveloped	under development	developed

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TIME LINE

Solid Track-record of Value Generation within the Agribusiness Sector

First Land Acquisitions and	Business Model Consolidation
Development
2006/08	2009/11	2012/13	2017	2018

Balanced Portfolio of Land Transformation & Farming

20212021

Company

Foundation

IPO - R$ 584mm

SAP

Implementation

First Leasing

Agreement

NYSE Listing

Acquisition of over 71k ha in Paraguay

Acquisition and leasing of over 17k ha in the State

of Maranhão

R$ 142

1. CRA emission

Follow on		CRA Emission
R$ 440mm		R$ 240mm

Consistent History of Efficient Capital Allocation, Recycling and Distribution

✓

✓

✓	✓	✓		✓	Land Acquisition
✓	✓	✓	✓	✓	Farm Sales
✓		✓	✓	✓	Land Leasing

1.020

500

8	23	41	62	76	87 6	100 6	11087	11694	121107	148	198	240	134	144
123	125	131
2007/08	2008/09	2009/10	2010/11	2011/12	2012/13	2013/14	2014/15	2015/16	2016/17	2017/18	2018/19	2019/20	2020/21	2021/22*
				Developed Area (k ha, accumulated)					Dividends announced (R$mm, accumulated)

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In 2021/2022 we had, in addition to the Distribution of Dividends, Distribution of Intermediated Dividends Source: Company

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PROPERTY PORTFOLIO

Location

LOCATION	TOTAL AREA (ha)			ARABLE AREA (ha)
	Owned			Leased		Owned		Leased
Brazil	156,639			59,092	106,893	59,092
Bahia	92,614			-	65,767	-

RRAP

AMPA

AC

RO

TO

MT

GO

MS

SP

Paraguai PR

SC

RS

MA CE

PI

BA

MG

ES

RJ

	Goiás	5,534		-	4,051		-
	Maranhão	17,566		15,000	10,137		15,000
	Mato Grosso	12,224		30,623	6,188		30,623
RN
Minas Gerais	24,212		-	17,846		-
PB
Piauí	4,489		13,469	2,904		13,469
PE
Bolivia	9,875		1,065	7,925		1,065
AL
SE	Paraguay	59,585		-	34,053		-
	Total	226,099		60,157	148,871		60,157
	Grand Total	286,256		209,028

Highlights

Acquisition of 10,800 hectares (5,400 arable area)

Leasing of 6,070 hectares (partnership IX)

Sale of 863 hectares (498 arable area)

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Sale of 1,965 hectares (1,423 arable area)

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