Ag Growth International Inc. · TSX:AFN
Ag Growth International — Investor Presentation (June 2017)
28 slides from Ag Growth International's investor presentation, June 2017
Slide 1: Field to Consumer 2017
FIELDTO FIELD TO CONSUMER CONSUMER 2017 2017
Slide 2: Safe Harbour Statement
SAFE HARBOUR STATEMENT Certain statements contained herein constitute forward-looking statements that reflect our expectations regarding the future growth, results of operations, performance, business prospects, and opportunities of the Company. Forward-looking statements may contain such words as “
Slide 3: Distribution: Farm Equipment Dealers and Commercial
Distribution: Farm Equipment Dealers Standardized Product Portfolio Key Demand Drivers: Crop Volume & Replacement Cycle WESTFIELD] WHEATHEART= WESTEELS BATCO= REM= GRAINGUARD= TWISTER= ENTRINGER= MFS= YORK= STORMOR= BROWNIE= HUTCHINSON= MAYRATH= NECO= COMMERCIAL Distribution: Direct to Customers and
Slide 4: AGI brand portfolio, founded November 1996
MFS= YORK: STORMORS BROWNIES HUTCHINSON MAYRATH= NECO~ SENTINEL= ENTRINGER= NUVISION= MMS YARGUS= WESTEEL= PTM= FRAME= VIS REM= AIRLANCO TRAMCO= TWISTERS UNIONIRONS HIROLLER= GRAIN GUARD= AGI |Po WESTFIELD= WHEATHEART= BATCO= AGIZ Founded November, 1996
Slide 5: AGI Strategy
AGI STRATEGY FIELD TO CONSUMER 5
Slide 6: Map & Timeline
WESTEEL= BATCO= REM= WESTFIELD= WHEATHEART= . ae TRAMCO= . Graincuarp= = “UVISIONS rere y em WESTEEL™ = ; . eo MECOE ae PIM= . = HU os UNIONIRONS FRAME™ . YARGUS= ums= -MAP & TIMELINE - evrmavcent LEGEND = Mimanuracturincracuy @warcHouse @s, FFICE BF 2016 ACQUISITIONS
Slide 7: Field to Consumer
FIELD TO CONSUMER FIELD TO CONSUMER 7
Slide 8: Demand Drivers
DEMAND DRIVERS FOOD PROCESSING GRAIN VOLUME FEED WEATHER COMMODITY SEED PRICES REGIONAL WEATHER GRAIN VOLUME FERTILIZER FARM GLOBAL COMMERCIAL INFRASTRUCTURE GEOGRAPHY FIELD TO CONSUMER 8
Slide 9: Field to Consumer
AGI= FERTILIZER PROCESSOR EXPORT PORT FIELD TO CONSUMER 9
Slide 10: Financials
FINANCIALS
Slide 11: Annual Trade Sales and Adjusted EBITDA
$600 $500 ANNUAL $400 TRADE SALES (In C$ Millions) $300 $547 $438 $200 $358 $410 $315 $100 $0 2012 2013 2014 2015 2016 $120 $100 ANNUAL $80 ADJUSTED EBITDA $60 (In C$ Millions) $100 $40 $78 $73 $64 $50 $20 $0 2012 2013 2014 2015 2016 FIELD TO CONSUMER 11
Slide 12: Q1 Trade Sales and Adjusted EBITDA
$180 $160 $140 $120 Q1 $100 TRADE SALES $80 $154.7 (In C$ Millions) $60 $113.7 $40 $78.5 $86.6 $65.5 $53.4 $20 $0 2012 2013 2014 2015 2016 2017 $30 25% $25 20% 19% 20% 17% $20 18% 17% Q1 15% $15 14% ADJUSTED EBITDA $25.7 10% (In C$ Millions) $10 $19.8 $17.3 $12.2 $14.0 5% $5 $7.5 $0 0% 2012 2013 201
Slide 13: International Commercial sales
INTERNATIONAL COMMERCIAL ▪ International Sales (ex-acquisitions) were weak in 2016, primarily due to delays in large commercial grain storage and handling projects ▪ Activity in this area has improved in 2017, and is expected to return to more normalized levels in 2017-2018 $120,000 $100,000 $92,491
Slide 14: Performance Since IPO
PERFORMANCE SINCE IPO (net of $338M in dividends) FIELD TO CONSUMER 14
Slide 15: 20 Years of Sales
20 YEARS OF SALES 1997 – 2016 $600 $547 $500 $439 $410 $400 $358 $315 $301 $300 $262 $237 $199 $200 $131 $100 $84 $63 $82 $60 $55 $57 $35 $12 $4 $11 $0 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 FIELD TO CONSUMER 15
Slide 16: Global Industries
GLOBAL i INDUSTRIES § ™“ sui a eeu \ Ae i DS \\, : i — —_ i > =a ee |) “es es
Slide 17: Global Industries Snapshot
GLOBAL INDUSTRIES SNAPSHOT FIELD TO CONSUMER 17
Slide 18: Financial Highlights: Average EBITDA
FINANCIAL HIGHLIGHTS AVERAGE EBITDA (USD Millions) $18 $17.0 $16 $14 27% $11.5 $12 $10 73% $8 $6 $4 $2 Domestic Sales International Sales $0 2011-2014 2014-2016 FIELD TO CONSUMER 18
Slide 19: Mayrath / Hutchinson
}//Mayrath || Hutchinson y 2 \ u
Slide 20: Corn Acres in Western Canada
CORN ACRES IN WESTERN CANADA 600,000 500,000 400,000 300,000 200,000 100,000 0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017F FIELD TO CONSUMER 20
Slide 21: Fertilizer & Material Handling
FERTILIZER & MATERIAL HANDLING
Slide 22: Global Nutrient (N,P,K) Consumption
GLOBAL NUTRIENT (N,P,K) CONSUMPTION Source: FAO, UN FIELD TO CONSUMER 22
Slide 23: Fertilizer & Material Handling
FERTILIZER & MATERIAL HANDLING ▪ New growth platform and end- market diversification ▪ Growth primarily driven by the expansion or upgrading of: ▪ Retail agriculture distribution facilities ▪ Grain, oilseed, feed, and food processing facilities FIELD TO CONSUMER 23
Slide 24: AGI Brasil
AGI BRASIL
Slide 25: Brasil Snapshot
BRASIL SNAPSHOT FIELD TO CONSUMER 25
Slide 26: AGI Brasil Update
AGI BRASIL UPDATE ▪ Commission H2 2017 ▪ Technology Transfer Underway ▪ Produce all AGI Commercial & Farm Products ▪ Investment in Sales Team FIELD TO CONSUMER 26
Slide 27: Outlook
AGI= OUTLOOK ys A Canadian Farm Market US Farm Market Crop Volumes Outlook: Robust Outlook: Signs of Recovery Outlook: Long Term Growth North American Commercial Business International Commercial Business Outlook: Stable Outlook: Strengthening FIELD TO CONSUMER 27
Slide 28: Growth Drivers
GROWTH DRIVERS FIELD TO CONSUMER 28
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