Bunge Global (BG) 21st Annual Global Farm to Market Conference summary

Strategic transformation and integration

• Expanded global network and operational capabilities through Viterra integration, enhancing upstream origination and processing synergies.

• Achieved significant cost and commercial synergies, accelerating strategic objectives and improving cultural alignment across teams.

• Largest global oilseed crusher with key assets in Argentina and Europe, providing year-round supply flexibility.

• Enhanced ability to serve both farmers and end consumers in all major producing and consuming markets.

• Ongoing focus on leveraging global footprint for resilience and optionality in a dynamic environment.

Market environment and demand trends

• Vegetable oil demand has increased, driven by energy and food sectors following regulatory clarity (RVO), with near-term demand expected to outpace production.

• Global biofuels policies, especially in Brazil, Indonesia, and Europe, are supporting long-term demand for oilseeds and specialty oils.

• Crush margins are currently above last year’s levels, especially in North America, though refining premiums are less robust than in 2022–2023.

• Uncertainties remain due to crop development, geopolitical conflicts, and input costs, but diversified operations provide risk management flexibility.

Operational execution and capital projects

• Flexible asset base allows rapid response to regional crop disruptions and shifting customer needs, optimizing margins.

• Major capital projects nearing completion, with Destrehan plant and export terminal expected online by late Q3, and other facilities ramping up through 2027–2028.

• Long-term return profiles for new projects are favorable, with some benefiting from current strong margin environments.