Bunge Limited · NYSE:BG
Bunge — Merger or Acquisition (December 2009)
8 slides from Bunge's merger presentation, Dec 24, 2009
Slide 1: Moema Par Transaction
Moema Par Transaction December 24, 2009
Slide 2: Forward-looking statements
Forward-looking statements • This presentation includes forward-looking statements that reflect Bunge’s current views with respect to future events, financial performance and industry conditions. These forward-looking statements are subject to various risks and uncertainties. Bunge has provided addi
Slide 3: Announcement summary
Announcement summary • On December 23, 2009, Bunge entered into an agreement to become the 100% owner of Moema Par, a holding company that wholly owns one sugarcane mill in Brazil and has ownership interests in five other mills. Together these mills have an annual crushing capacity of 15.4 million m
Slide 4: Transaction overview
Transaction overview Transaction announced today* Total potential transaction Moema Par (60% of Moema Group 100% of Moema Group cluster crushing capacity) Capacity 9.3 mmt 15.4 mmt $416 M equity (excluding $36 M in respect $770 M equity (excluding $60 M in Valuation (approx) of working capital) resp
Slide 5: Why sugar & bioenergy?
Why sugar & bioenergy? • Sugar & bioenergy is a important complementary value chain for Bunge • Growth: increasing demand for sugar and sugarcane-based ethanol globally • Diversification: enhances mix of Bunge’s total product portfolio • Efficiency: leverages existing expertise and capabilities Oils
Slide 6: Moema cluster: modern, flexible and efficient mills
Moema cluster: modern, flexible and efficient mills. . . Moema Par Crushing Ownership% Capacity (mmt) Expansion Potential • Total crushing capacity expandable to 30 mmt Moema 5.0 leveraging existing infrastructure 100% Technology & Product Flexibility Frutal 2.6 • Modern mills with state-of-the-art
Slide 7: That are strategically located
. . . that are strategically located • Cluster configuration enables cost savings • Close to main domestic markets • Favorable access to export logistics Expected Evolution of Bunge Sugarcane Milling Capacity TO 30 BA MT 20 DF 10 MG 0 MS ESVitória 2009e 2010 2011 2012 2013 2014 Ribeirão Preto RJ Bun
Slide 8: Brazil is an attractive market and low-cost producer
Brazil is an attractive market and low-cost producer • Global sugar demand expected to grow at over 2% per annum • Demand for ethanol in Brazil rising with expected 18% per annum increase in flex- fuel auto fleet until 2015 • Global ethanol demand expected to rise per government mandates • Brazilian