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OFFON

CRESUD SOCIEDAD ANÓNIMA COMERCIAL, INMOBILIARIA, FINANCIERA Y AGROPECUARIA

(CRES)
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Cresud Sociedad Anónima Comercial Inmobiliaria Financiera y Agropecuaria : Presentation Exchange Offer Series XXV June 2021

06/17/2021 | 10:20am EDT

Series XXV Notes

Exchange presentation

June 2021

1

ARGENTINA

CENTRAL BANK RESOLUTIONS

"A" 7106, 7230

& 7272

  • Central Bank (BCRA) Communications "A" 7106, 7230 & 7272 restricts access to the Foreign Exchange Market to obtain US dollars for the payment of debt maturities.
  • Companies with capital maturities between 03.31.2021 and 12.31.2021 had to submit to the BCRA a detail of a refinancing plan based on the following criteria:
    • that the net amount for which the exchange market will be accessed in the original terms will not exceed 40% of the capital amount due in the period.
    • that the rest of the capital be refinanced with a new issuance with an average life of 2 years.
  • CRESUD's Series XXV, for an amount of USD 59.6 million, falls within the period contemplated by the provision, given its maturity on
    07.11.2021.

2

CRESUD's SERIES XXV EXCHANGE (CSFQO - ARCRES560080)

USD 59.6mm - 9% - July 11, 2021

BASE OPTION

  • at least USD 0.40 in cash and the rest with the SERIES XXXIII issuance

For each USD 1

PAR OPTION

presented in exchange,

you will receive the

…Early bird (until 06/22/21) 0.75% in

accrued interest until

settlement date and…

ARS and the SERIES XXXIII issuance

SERIES XXXIII

CURRENCY & PRICE OF ISSUANCE

US Dollars

100% Nominal Value

INTEREST RATE

9% fixed - Semiannual payments

AMORTIZATION & MATURITY

Three annual equal installments, 36 months

SUSCRIPTION

In kind, in exchange of existing SERIES XXV

SERIES MAXIMUM SIZE

USD 35.7 million

PAYMENT LOCATION

New York

3

CRESUD's SERIES XXV EXCHANGE (CSFQO - ARCRES560080)

USD 59.6mm - 9% - Jul 11, 2021

SERIES MAXIMUM SIZE: USD 35,7 MILLION

BASE OPTION

SCENARIOS

PAR OPTION

80%

50%

40%

20%

USD 23.85

USD 23.85 90%

SERIES XXXIII

50%

Cash

50%

USD 5.95

USD 23.85

SERIES XXXIII

20%

Cash

80%

USD 23.85

Cash

USD 11.9

Efectivo

01

02

03

04

USD 11.9

20%

SERIES XXXIII

USD 29.8

50%

SERIES XXXIII

USD 35.75

60%

SERIES XXXIII

USD 35.75

USD 11.9

80%

SERIES XXXIII 75%

Cash

25%

4

CRESUD's SERIES XXV EXCHANGE (CSFQO - ARCRES560080)

ADDITIONAL INFORMATION

Early Bird Series XXXIII

Exchange closure

Settlement

0.75% ARS

June 22, 2021

June 28, 2021

~ June 30, 2021

8 PM BA time

8 PM BA time

RATING

EXCHANGE AGENT

A (arg)

JOINT-BOOK RUNNERS

5

Disclaimer

Cresud S.A.C.I.F. y A. published this content on 17 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 June 2021 14:19:01 UTC.


© Publicnow 2021
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Financials
Sales 2020 121 B 1 230 M 1 230 M
Net income 2020 3 929 M 39,9 M 39,9 M
Net Debt 2020 317 B 3 218 M 3 218 M
P/E ratio 2020 4,02x
Yield 2020 -
Capitalization 56 406 M 572 M 572 M
EV / Sales 2019 3,15x
EV / Sales 2020 2,74x
Nbr of Employees -
Free-Float 68,7%
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Managers and Directors
Alejandro Gustavo Elsztain Second Vice Chairman & Chief Executive Officer
Matías Iván Gaivironsky Chief Financial & Administrative Officer
Eduardo Sergio Elsztain Chairman
Pedro Damaso Labaqui Palacio Independent Director
Alejandro Bartolomé Independent Director