Adecoagro (AGRO) investor relations material

Business overview

• Operates a diversified agro-industrial platform across Brazil, Argentina, and Uruguay, with segments in sugar, ethanol & energy, fertilizers, and food & agriculture.

• Manages over 600,000 hectares, with significant assets in sugarcane, grains, rice, and dairy production.

• Recent acquisition of Profertil positions the company as the largest granular urea producer in South America.

• Employs over 10,000 people and has a strong operational track record with expanding regional presence.

Financial performance

• 2024 gross sales reached $2,016 million, with pro forma 2025 sales projected at $2,143 million after Profertil acquisition.

• Adjusted EBITDA for 2024 was $467 million, with a margin of 23%; pro forma 2025 EBITDA expected at $724 million (34% margin).

• Net debt as of 2025 pro forma is $1,120 million, with net leverage at 1.2x.

• Capital allocation includes disciplined expansion capex and consistent shareholder distributions.

Business segments

• Sugar, ethanol & energy: 220,000+ hectares of sugarcane, 14.2 million tons crushing capacity, 246 MW power generation, and biomethane production.

• Fertilizers: Profertil has 1.3 million tons urea and 790,000 tons ammonia capacity, with strategic access to natural gas and logistics.

• Food & agriculture: 230,000+ hectares planted, 14,400+ milking cows, and a broad portfolio of grains, rice, dairy, and processed foods.