SLC Agrícola (SLCE3) Investor presentation summary

Business overview and operations

• Operates large-scale farms in eight Brazilian Cerrado states, producing cotton, soybean, corn, seeds, and cattle for various industries.

• Portfolio includes 26 farms with 830,000 ha planted for the 2025/26 crop year, with 3.5% irrigated area.

• Standardized, replicable farm model enhances operational efficiency.

• Crop portfolio is diversified: 44% soybean, 32% cotton, 19% corn, 4% seeds, and 4% others by revenue.

Market environment and crop outlook

• Soybean prices for May 2026 at $11.99/bu, with global supply and demand forecasts showing moderate growth.

• Corn prices for May 2026 at $4.60/bu, with a slight decrease in US planted area and yield.

• Cotton prices for June 2026 at 87.77¢/lb, with global supply and demand remaining balanced.

• Biofuel demand for soybean and corn ethanol production in Brazil continues to rise, supporting crop demand.

• Freight and diesel costs remain significant, impacting logistics and margins.

Crop year 2025/26: Expansion and productivity

• Planted area expected to grow 12.8% to 830,000 ha in 2025/26.

• Soybean area up 12.5%, cotton up 7%, corn up 26.9% compared to 2024/25.

• Yield forecasts: soybean +4.7%, cotton lint 1st crop +12.9%, corn 2nd crop -7.5%.

• High hedge coverage for 2025/26: soybean 79.2%, corn 66.6%, cotton 74.3%.