INVESTOR PRESENTATION

IIIQ 2024

INVESTOR PRESENTATION

SUMMARY

About

Agribusiness

Commodities

Financial

Outlook &

CRESUD

Strategy

Performance

LATAM strengths

Farming

Agricultural

Farmland

ESG

Commercial

Activity

Real Estate

Commitment

Services

ABOUT CRESUD

  • LEADING AGRICULTURAL COMPANY

Managing an approximately 800k ha portfolio in Argentina, and in Brazil,

Paraguay & Bolivia through our subsidiary Brasilagro.

  • DIVERSIFIED PORTFOLIO

Exposure to farmland in Argentina, Brazil, Paraguay and Bolivia mitigates agribusiness risks.

  • PIONEER IN FARMLAND REAL ESTATE

State of the art farmer with proven track record rotating the portfolio.

Management of great experience and unique skills.

  • CONTROLLER OF IRSA

Largest diversified real estate company that manages a rental portfolio of

~480k sqm of GLA in Argentina.

  • STRONG CAPITAL MARKETS' TRACK RECORD

Listed on BYMA since 1960 (CRES) and on NASDAQ since 1997 (CRESY). First

Argentine agricultural company to be listed abroad Argentina.

100%

35.3%

51.2%

17.7%

54.8%

Farms in

Argentina

Farms in

Brazil, Bolivia y Paraguay

Agricultural

Commercial Services

Agtech

Urban

Business

3

LEADING AGRIBUSINESS IN THE REGION SINCE 1994

HISTORICAL MILESTONES

Current

Expansion

management

BrasilAgro

to Brazil

takes control

listed on NYSE

foundation

IPO USD

276 MM

1960

1994

1997

2008/9

2020/21

1936

2006

2012

2023

Expansion

Transference

Listed on

Listed on

to Bolivia &

of Bolivia &

BYMA

NADAQ

Paraguay

Paraguay to

Follow on USD

BrasilAgro

288 MM

4

CURRENT REGIONAL AGRIBUSINESS PORTFOLIO

THROUGH CRESUD, BRASILAGRO & SUBSIDIARIES

CREciendo en SUDamérica

Growing in South América

  • 866,000 HA UNDER MANAGEMENT

71% OWNED, 14% LEASED & 15% LT CONCESSION

  • 27 FARMS ACROSS THE REGION
  • 420,000 PRODUCTIVE HA

60% CROP & 40% CATTLE

  • 446,000 HA OF LAND RESERVES
  • 80,000 CATTLE HEADS
  • INVESTMENT IN SERVICES & AGTECH

THROUGH FYO & AGROFY

BrasilAgro farms CRESUD farms

Leased farms administrations

5

FARMLAND PORTFOLIO EVOLUTION

EXPANDING OUR AGRIBUSINESS MODEL FROM ARGENTINA TO THE REGION

GROWTH IN ARGENTINA

REGIONAL EXPANSION DEVELOPMENT & SALE PHASE

CONSOLIDATING THE MODEL

880

564

477

325

20

1994

1995

1998

2006

2010

866

Th. Ha

132

LT Concessions

15%

121

Leased

14%

613

Owned

71%

IIIQ 24

6

INVESTMENT IN BRASILAGRO

CONSOLIDATING OUR VEHICLE FOR REGIONAL EXPANSION IN BRAZIL CRESUD STAKE: 35.3%

CRESUD'S INVESTMENT IN BRASILAGRO

FARMLAND ACQUISITIONS AND SALES

43,3%

43,3%

43,3%

After warrants exercise

310

321

321

39.4%

39,8%

39,4%

37,9%

Acum. Acquired Ha

300

33,6%

35,4%

267

267

267

Acum. Sold Ha

249 249 249

After the sale of

After merge

163 177

177

177

177

3% of the stake

with Agrifirma

145

85

95

98

108

78

82

65

65

68

69

24

38

2

2

2

4

2016

2017

2018

2019

2020

2021

2022

2023

ago-23

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

SOYBEAN PRODUCTION: BRAZIL IMPRESSIVE GROWTH

FARMLAND PRICES EVOLUTION

21.909

(MILLION TONES)

BRAZIL - MATO GROSSO (USD/HA)

163

115

123

121

129

140

130

97

69

75

82

86

96

57

59

61

58

67

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

7

INVESTMENT IN IRSA (IRSA:BYMA & IRS:NYSE)

30 YEARS DEVELOPING, ACQUIRING & OPERATING REAL ESTATE IN ARGENTINA

CRESUD'S INVESTMENT IN IRSA

63.4%

57.5%

56.8%

56.9%

49.9%

54.7%

After merge

with IRCP After IRSA shares distribution

(dividend in kind)

26.7%

14.1%

2001

2002

2006

2011

2016

2022

2023

IIIQ24

  • ~480 K RENTAL SQM ACROSS ARGENTINA
  • 15 SHOPPING MALLS

67% MARKET SHARE IN BA CITY

  • 5 PREMIUM OFFICE BUILDINGS & 3 HOTELS
  • HUGE LANDBANK FOR FUTURE DEVELOPMENTS
  • COSTA URBANA PROJECT

866K SQM FOR MIXED USES DEVELOPMENT IN PUERTO MADERO (BA)

  • 29.91% STAKE IN BANCO HIPOTECARIO

8

AGRIBUSINESS STRATEGY

1

FARMING ACTIVITY

PRODUCING FOOD FOR A GROWING POPULATION

2

AGRICULTURAL COMMERCIAL SERVICES

COMPLEMENTING TRADITIONAL FARMING WITH SERVICES, TRADING AND AGTECH

3

FARMLAND REAL ESTATE

ADDING VALUE TO THE LAND & ROTATING THE PORTFOLIO

4

ESG COMMITMENT

SUSTAINABILITY IN OUR OPERATIONS

1 FARMING ACTIVITY

PRODUCING FOOD FOR A GROWING WORLD POPULATION

WHAT

WHERE

HOW

Grains,

In owned and

With sustainable

sugarcane, meat

leased farms in

practices & state

& wool

South America

of the art

technology

Feeding more than 4 million people per year

10

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Cresud S.A.C.I.F. y A. published this content on 23 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 May 2024 21:03:32 UTC.