3nd Quarter 2017

Earnings Webcast

November 15, 2017

DISCLAIMER

3Q17

This press release contains forward-looking statements that are based on our current expectations, assumptions, estimates and projections about us and our industry. These forward-looking statements can be identified by words or phrases such as "anticipate," "forecast", "believe," "continue," "estimate," "expect," "intend," "is/are likely to," "may," "plan," "should," "would," or other similar expressions.

The forward-looking statements included in this press release relate to, among others: (i) our business prospects and future results of operations; (ii) the implementation of our business strategy, including our development of the Ivinhema project; (iii) our plans relating to acquisitions, joint ventures, strategic alliances or divestitures; (iv) the implementation of our financing strategy and capital expenditure plan; (v) the maintenance of our relationships with customers; (vi) the competitive nature of the industries in which we operate; (vii) the cost and availability of financing; (viii) future demand for the commodities we produce; (ix) international prices for commodities; (x) the condition of our land holdings; (xi) the development of the logistics and infrastructure for transportation of our productions in the countries where we operate; (xii) the performance of the South American and world economies; (xiii) weather and other natural phenomena; (xiv) the relative value of the Brazilian Real, the Argentine Peso, and the Uruguayan Peso compared to other currencies; and (xv) developments in, or changes to, the laws, regulations and governmental policies governing our business, including environmental laws and regulations.

These forward-looking statements involve various risks and uncertainties. Although we believe that our expectations expressed in these forward- looking statements are reasonable, our expectations may turn out to be incorrect. Our actual results could be materially different from our expectations. In light of the risks and uncertainties described above, the estimates and forward-looking statements discussed in this press release might not occur, and our future results and our performance may differ materially from those expressed in these forward-looking statements due to, inclusive, but not limited to, the factors mentioned above. Because of these uncertainties, you should not make any investment decision based on these estimates and forward-looking statements.

The forward-looking statements made in this press release related only to events or information as of the date on which the statements are made in this press release. We undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date on which the statements are made or to reflect the occurrence of unanticipated events.

2

Sugar, Ethanol & Energy Business

3

Sugar, Ethanol & Energy Business- Sugarcane Crushing

3Q17 Crushing in 3Q17 increased as a result of the 17% expansion in the nominal capacity of the Angelica mill

Operational Metrics - 3Q17 vs. 3Q16 Operational Metrics - 9M17 vs. 9M16

Operational Metrics 3Q17 3Q16 % Change Operational Metrics 9M17 9M16 % Change

Total Days

92

92

0%

Total Days

263

265

(1%)

Effective Milling Days

76

75

1%

Effective Milling Days

163

171

(5%)

Total Crushing (k tons)

4,116

3,797

8%

Total Crushing (k tons)

8,040

7,997

1%

Milling per Day (k tons)

54,431

50,852

7%

Milling per Day (k tons)

49,462

46,779

6%

Sugarcane crushing

(In Thousands Tons)

Sugarcane crushing

(In Thousands Tons)

3,797

4,116

7,997

1%

8,040

8%

3Q16

3Q17

9M16

9M17

4

Adecoagro SA published this content on 14 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 14 November 2017 14:04:50 UTC.

Original documenthttp://ir.adecoagro.com/download/20171114105042.pdf

Public permalinkhttp://www.publicnow.com/view/5F2C3FF665137163ED06E54986E985DFE58E55AF