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IQ 2023 CONFERENCE CALL November 14, 2022 Hosted by: Alejandro Elsztain, CEO Matias Gaivironsky, CFO
Alejandro Elsztain, CEO
Matias Gaivironsky, CFO2
STRONG COMMODITY PRICES AND SUSTAINED MARGINS PER HA
Despite Niña climate effect and higher costs
EXPECTED PLANTED AREA SLIGHTLY ABOVE PREVIOUS CAMPAIGN
BRASILAGRO FARMLAND ACQUISITION: PANAMBY (MT) 10,800 ha
Subsequent fraction sale of Morotí Farm in Paraguay
GOOD RESULTS FROM AGRICULTURAL COMMERCIAL SERVICES
STRONG RESULTS FROM URBAN BUSINESS (THROUGH IRSA)
SERIES XXIII NOTES SUCCESSFUL EXCHANGE OFFER
SHARES BUYBACK PROGRAM AND DIVIDEND PAYMENT2
MAIN HIGHLIGHTS FOR IQ 2023 & SUBSEQUENT
7BOOM OF COMMODITIES & RECORD PLANTED AREA
FY 11 FY 12 FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY 20 FY 21 FY 22 FY 23EBolivia
ArgentinaParaguay44%27%
OTHERSCROP BREAKDOWN
11/22Current regional
Nov-22 Soybean Corn Wheat
Argentina 6.8% 6.7% 100%
Bolivia 65.0% 100% -
Total Region 26.3% 5.2% 100%
4CLIMATE CHALLENGE IN THE BEGINNING OF THE CAMPAIGN
AFFECTING WINTER CROPS, ESPECIALLY WHEAT SOWING PROGRESSIQ23 & SUBSEQUENT REAL ESTATE ACTIVITY
•Total Area : 10,800 hectares
•Arable Area : 5,400 hectares (to be developed)
•Potential activity : 80% of 2ndcrop
•Acquisition Price : BRL 285.6 millionPANAMBYACQUISITION OF PANAMBY FARM
B R A Z I LPARTIAL SALE OF MOROTÍ FARM*
Mato Grosso•Total Area : 863 hectares
•Arable Area : 498 hectares
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