Vilmorin & Cie : acquires Genica Research Corporation (Vegetable Seeds. United States) - presentation

VILMORIN PRES FINANCIERE

INFORMATIONAL MEETING

FEBRUARY 1ST, 2016

AGENDA

STRATEGY FOR VEGETABLE SEEDS

NEWS: ACQUISITION OF THE COMPANY GENICA RESEARCH CORPORATION OUTLOOK FOR 2015-2016 AND AMBITIONS FOR 2020

DISCUSSIONS

SCHEDULE

2 Informational meeting - 02.01.2016

STRATEGY FOR VEGETABLE SEEDS

3 Informational meeting - 02.01.2016

VILMORIN & CIE, 4TH LARGEST SEEDS COMPANY WORLDWIDE

TWO STRATEGIC ACTIVITIES

SALES

1,269(1)

million Euros (1,531 million

Euros) (2)

A WORLD LEADER

IN VEGETABLE SEEDS

▌ Sales 2014-2015:

A MAJOR PLAYER IN FIELD SEEDS

▌ Sales 2014-2015:

▌ More than 6,200

employees

▌ Net income:

(1)

614.6 million Euros

595.3 million Euros

(856.5 million Euros(2))

1. Informational meeting - 02.01.2016

   
   

   VEGETABLE SEEDS DIVISION PROFILE

   
   

   ▌ A world leader

   
   

   ▌ More than 30 species

   among the most widely consumed in the world: tomato, carrot, melon, onion, pepper, bean, etc.

   
   

   ▌ For professional vegetable growers

   KEY FIGURES 2014-2015

   ▌ No. 2 worldwide

   ▌ Sales: €615 M

   ▌ Operating margin: 15.6%

   ▌ 30 countries with sites

   ▌ More than 3,400 employees

   
   

   ▌ 4 Business Units

   • HM.CLAUSE

   • Hazera

   • Vilmorin

   • Mikado Kyowa Seed

   SALES OF VEGETABLE SEEDS

   PER CROP. 2014-2015

   
   

   Tomato

   
   

   Others

   
   

   Carrot

   
   

   Sweet and hot pepper

   SALES OF VEGETABLE SEEDS

   PER GEOGRAPHICAL AREA. 2014-2015

   
   

   16%

   Africa / Middle East

   
   

   17%

   Asia / Oceania

   
   

   37%

   Europe

   Cauliflower

   
   

   Onion

   
   

   Bean

   Melon

   
   

   30%

   Americas

   
   

2. Informational meeting - 02.01.2016

   
   

   STRENGTHEN WORLD LEADERSHIP

   
   

   ▌ Maintain organic growth higher than that of the market, thanks to the virtuous circle of innovation and proximity to markets

   
   

   ▌ Strengthen positions in certain crops or geographical zones through targeted operations of external growth

   
   

   RECENT ACQUISITIONS:

   
   

   CAMPBELLS' SEEDS

   (September 2012)

   
   

   • Tomato and pepper

   • United States

   • Sales: more than $5 M

     CENTURY SEEDS

     (October 2012)

     
     

     • 10 local crops

     • India

     • Sales: €4 M

       SHAMROCK SEED

       (October 2013)

       
       

       • Lettuce, greens, melon, watermelon, pepper

       • United States

       • Sales: $20 M

         TROPDICORP

         (March 2015)

         
         

       • Gourds, pumpkin

       • Vietnam

       • Sales: $6 M

     
     

3. Informational meeting - 02.01.2016

KEY INFORMATION 2015

• Sales: more than $25 M

• Operational entities in the United States and in Europe (Italy and Spain) and a network of breeding stations

• About 50 permanent employees:

• about half of whom work in research and development

• and 2/3 of whom are based in the USA and 1/3 in Europe

NEWS

ACQUISITION OF THE COMPANY GENICA RESEARCH CORPORATION

7 Informational meeting - 02.01.2016

ACQUISITION OF GENICA RESEARCH CORPORATION (USA. VEGETABLE SEEDS)

The operation made:

Full acquisition of the company Genica Research Corporation

▌ Company founded in 1999 and held by several of its managers

▌ Company headquarters based in Dixon in California

▌ Company totally specialized in vegetable seeds, with its main activities in:

• research,

• breeding,

• production,

• and distribution - by delegation - of hybrid seeds.

8 Informational meeting - 02.01.2016