Alico (ALCO) Investor presentation summary

Strategic transformation and business model

• Transitioning from traditional citrus operations to a diversified land company, winding down citrus division after 2024/2025 harvest.

• Approximately 28% of land holdings targeted for near- and long-term development, with 72% remaining in diversified agriculture.

• Focus on highest and best use (HBU) for land, with ongoing evaluation and prioritization for value creation.

• Strategic development includes mixed-use residential and commercial projects, especially in Collier, Highlands, Polk, and Hendry counties.

• Remains open to opportunistic land sales and leveraging conservation programs for value and environmental outcomes.

Land portfolio and development projects

• Owns approximately 46,000 acres across 27 locations in 7 Florida counties.

• Near-term development potential covers about 5,500 acres valued at $335M–$380M, with major projects like Corkscrew Grove (Collier), Bonnet Lake (Highlands), Saddlebag Grove (Polk), and Plant World (Hendry).

• Corkscrew Grove Villages plan includes two mixed-use villages with ~4,500 homes each, commercial and civic space, and over 6,000 acres dedicated to conservation.

• Bonnet Lake and Saddlebag Grove are planned for residential communities with amenities and conservation features.

• Plant World project in Hendry County targets mixed-use development with public hearings scheduled for 2026.

Conservation and community involvement

• Over 40 years of partnerships with agencies to protect natural resources, including major land donations and sales for conservation.

• Active participant in Florida’s Rural and Family Lands Protection Program and Collier RLSA Program.

• Recent initiatives include wildlife corridor infrastructure and permanent conservation of thousands of acres.

• Significant land and financial contributions to educational and environmental projects, such as FGCU.