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 837,000 ha planted for 2025/26, with only 3.4% irrigated.

• Standardized, replicable farm model enhances operational efficiency.

• Crop portfolio is diversified: 51% soybean, 23% cotton, 19% corn, 12% cattle, and seeds, with flexibility to adapt to market conditions.

• Asset-light strategy: 65% of planted area in 2025/26 comes from leasing and joint ventures.

Market and crop year outlook

• Planted area expected to grow 13.8% in 2025/26, with increases in soybean (+12.5%), cotton (+7.4%), and corn (+28.2%).

• Yield improvements forecasted across all major crops for 2025/26.

• Significant hedge positions secured for 2025/26 and 2026/27 crop years.

• Market conditions influenced by global supply/demand, weather (El Niño/La Niña), and input costs.

Mergers, acquisitions, and land strategy

• Major acquisitions include Sierentz (100k ha, USD 129M), Paladino (39,987 ha, 34% discount), and Unai (7,835 ha, 50% discount).

• Mitsui minority stake acquired for R$103M, adding 27k ha.

• Strategic partnership with FIPS for irrigation and land monetization, with R$1.033B invested and 28k ha to be irrigated.

• Monetization of land at market price and long-term agricultural partnership agreements.