Brazil Potash Corp. · AMEX:GRO
Brazil Potash — Investor Presentation (2026)
20 slides from Brazil Potash's investor presentation, Oct 23, 2026
Slide 1: Brazil Potash Investor Presentation
Brazil Potash NYSE-A: GRO B3: GROP31 Investor Presentation Q4 2026
Slide 2: Disclaimer
Disclaimer GRO GROP31 General This presentation is provided solely for informational purposes and has been prepared by Brazil Potash Corp. (the "Company") to assist interested parties in evaluating the Company. No representations or warranties, express or implied, are given in, or with respect to, t
Slide 3: Brazil Potash's Investment Thesis
Brazil Potash’s Investment Thesis GRO GROP31 Potash1 is one of three Potash has no Brazil is the world's largest essential nutrients to substitutes and is a net food exporter and efficiently grow food critical mineral2 potash importer 1 ~52% of world’s current potash supply located in countries a in
Slide 4: Market Snapshot
Market Snapshot GRO GROP31 Peer EV/EBITDA Multiple1 Capitalization Summary2 14.0x Ticker NYSE-A: GRO 11.8x Share Price $2.25 12.0x Basic Shares Outstanding + 84.8M 10.0x Pre-Funded Warrants 8.2x Warrants, Options, DSUs & RSUs 22.0M 8.0x Median: 7.8x 8.0x 7.7x Fully Diluted Shares Outstanding 106.8M
Slide 5: Key People
Key People GRO GROP31 Mayo Schmidt Executive Chairman ▪ Former Chairman and CEO of Nutrien Ltd., world’s largest fertilizer manufacturer ▪ Former CEO of Hydro One and Viterra (sold to Glencore in 2012) ▪ Worked in executive positions for Fortune 100 companies including General Mills and ConAgra Matt
Slide 6: Brazil: A Global Agricultural Powerhouse with a Critical Supply Gap
Brazil: A Global Agricultural Powerhouse with a Critical Supply Gap GRO GROP31 1 2 3 Brazil is the largest net Brazil's abundant land, water Brazil produces <1% of global exporter of agricultural and warm year-round climate potash supply while also being products in the world can boost global food s
Slide 7: Potash Supply: A Chain Built on Risk
Potash Supply: A Chain Built on Risk GRO GROP31 Global Potash Supply Profile % of Global Global Potash Demand KCl Exports (% of Global Exports) KCl Exports Imports by Country (2021) ROW 3% Others Brazil Chile 1% 19% 22% Jordan 4% Israel 6% Europe & CIS 12% 62.9M st Germany 6% 18% Belarus 22% U.S.A.
Slide 8: Brazil is Backing Domestic Fertilizer Production
Brazil is Backing Domestic Fertilizer Production GRO GROP31 PROFERT1: Supporting Brazil’s Fertilizer Industry Lower-Cost Funding for Critical Minerals ▪ New program designed to expand fertilizer production ▪ Brazil’s National Monetary Council (CMN) capacity approved new preferential financing condit
Slide 9: Domestic Potash Transforms Brazil's Supply Chain
Domestic Potash Transforms Brazil’s Supply Chain GRO GROP31 A shorter supply chain means shorter delivery times The total transit time when purchased from Brazil Potash could be 20x shorter Primary Global Potash Routes Canpotex Purchase Order to Load Vessel 2.5 Days Sea Freight to Brazil 47 Days Pri
Slide 10: A Direct Route to Brazil's Agricultural Heartland
A Direct Route to Brazil’s Agricultural Heartland GRO GROP31 Logistics footprint for Brazil Potash to access domestic market Potash Basin Vila do Conde Miritituba Porto Balsas Velho Uruçuí Sorriso Porto Nacional Campo Novo Querência Nova Mutum Luiz Eduardo Magalhães Legend: Anápolis Rondonópolis Bra
Slide 11: Strategic Value: In-Country Delivered Cost Advantage
Strategic Value: In-Country Delivered Cost Advantage GRO GROP31 Comparison of CFR1 costs to Mato Grosso, Brazil (in nominal $/ton (2024))2,3,4 Brazil Potash CIS (Uralkali and BPC) ICL (Sdom) Canpotex K+S (Zielitz) Site Costs (Ex Works) Costs Associated With International Shipping Inland Freight Sour
Slide 12: Brazil Potash: A Fully Permitted, Large-Scale Potash Project
Brazil Potash: A Fully Permitted, Large-Scale Potash Project GRO GROP31 Project Highlights 2.4M stpa1 USD 1 bn 23 Years USD 2.5 bn Shovel Ready: Projected annual Estimated annual Project life, with CapEx to achieve Fully production run-rate EBITDA substantial upside full production Permitted for (~1
Slide 13: Permitted, Modular Construction to Minimally Impact Environment
Permitted, Modular Construction to Minimally Impact Environment GRO GROP31 Initial Land Status Adapted for cattle grazing decades ago by prior landowners Current Vision Early works construction have already started Two Mine Shafts Future Vision Underground mine with minimal surface footprint Process
Slide 14: Current Status at Site: Early Works Construction Underway
Current Status at Site: Early Works Construction Underway GROP31 Site Office and Soil Preparation for Early Works Construction Shaft Excavation 14
Slide 15: 91% of Nameplate Capacity Already Under Binding Offtake Contracts
91% of Nameplate Capacity Already Under Binding Offtake Contracts GRO GROP31 Offtake Agreement 1 Offtake Agreement 2 Offtake Agreement 3 Offtake Agreement 3 + Marketing & Transportation Agreement ▪ Binding take or pay terms & ▪ Signed definite offtake agreement for ▪ Signed definite offtake agreemen
Slide 16: A World-Class Basin with Multi-Generational Potential
A World-Class Basin with Multi-Generational Potential GRO GROP31 Amazonas – Brazil Saskatchewan – Canada Urals – Russia 90 miles Drilling campaigns Comparison at same scale: ▪ Brazil Potash basin potentially has similar scale and geology as largest basin in Canada South Carolina State ▪ Brazil Potas
Slide 17: Lower Emissions, Local Impact, Deep Community Engagement
Lower Emissions, Local Impact, Deep Community Engagement GRO GROP31 Environmental, Social & Governance Stewardship Avoided Emissions from Significant Emissions Savings Support Brazil Decarbonization Displaced Imports Brazil Potash is using electricity ~80% generated by renewables1 Community Support
Slide 18: Compelling Investment Highlights
Compelling Investment Highlights GRO GROP31 1 Food Security: Brazil is one of the largest net exporters of food with largest amount of land & freshwater. Domestic, in-market source of potash secures agricultural output & mitigates risk of global food and supply shocks 2 Economics: Brazil Potash aims
Slide 19: What to Expect Next?
What to Expect Next? GRO GROP31 Major project achievements: Major upcoming milestones: Negotiate inclusion on tax concessions with federal Award of Shaft Sinking Contract ✓ and state government officials Award of Front-End Engineering and Design (FEED) ✓ Potential Equity partner Funding of Construct
Slide 20: Thank You
Thank You NYSE-A: GRO B3: GROP31 Investor Relations Contact: [email protected] brazilpotash.com