Ag Growth International• One of largest manufacturers globally of grain storage,

handling and conditioning systems• Publically traded on TSX• Market cap of $600M • Proven financial performer– Raised $100M+ of capital in 60 minutes 2009

AGI Primary Industry Sectors

Commercial Grain

Farm Grain

Livestock

North American experience

AGI and project finance• Primary motivation is sale of its products• Leverage our experience in public market to assist

qualified borrowers• Ability to match correct financial vehicle with customer• Will share risk under correct circumstances• Assist project managers with credit proposals to various

credit providers, refer qualified projects to equity partners

Financing options - summaryShort term manufacturer (1 year or less)• LOC• EDC / EXIM supplier guaranteeMid term debt finance (5 to 7 years)• EDC• EXIM more flexible• U.S. Bank with EXIM guarantees• EBRDEquity (varies)• Major Investment Bank• Boutique IBStrategic operating partners

SHORT TERM

Short term: Letter of Credit• 25% cash down• 75% under LOC with bill of lading• Must be confirmed by AGI bank• Cost = confirmation fee• Borrowers bank standby LOC fee

Short term: EDC / EXIM• Government guarantee to manufacturer or to bank• Generally up to 180 days, less than 365• Can reduce or eliminate deposit• Insurance fee of 1.5 to 2%• Fast turnaround on applications• Generally less than $10M

MID TERM

Mid – Term EDC / EXIM• 5 to 7 years• EDC limited availability (case by case)• Generally 85% of North American content in contract• Libor / client and country risk based rates– Letter of Interest - generally no cost– AP (Final commitment) application fee 0.1% to 1%

• No minimum or maximum dollar amount

Mid Term credit criteria - EXIM• Acceptable audited financial statements• Same general business for 3 years • If startup, qualified guarantor must be provided as well as business

plan, feasibility study, technical information, and financial projections with supporting assumptions and sensitivity analysis.

• If repayment is dependent on, or if intercompany sales exceed 25% of annual, consolidated statements and cross guarantees must be provided

• Personal guarantees required if single shareholder holds more than 25% of shares and sales are less than $50M

• Loan cannot exceed 40% of tangible net worth

Mid Term credit - EBRD• Minimum credit of 5M Euros• Will finance all project costs (equipment and civil works)• IFRS statements mandatory• Longer application process• Direct loans, no local bank involvement

EQUITY PARTNERS

Major Investment Bank:Strengths• Experienced - Fiscal 2007 : 240 transactions $129B• Principal investor perspective - One of the largest private investors

in the world• Capital sourcing capabilities - Standard and Poors A - /StableWeakness• Limited port infrastructure experience - Exception: Multi-purpose

cargo port in China

Boutique Investment Bank:Strengths• Hungrier for deal• Focused on mid market clients ($30 to $300M transaction size) that

require highly customized solutions.• Specialize in completing assignments in “under-banked” market

segments, sectors and geographies that are not heavily covered by the larger investment banks

• Agribusiness and port experienceWeaknesses• No capital of their own

STRATEGIC PARTNERS

Strategic PartnersStrengths– Upstream activities– Downstream markets– Management experience– Credibility in North American and European capital

markets Weaknesses– Give up high degree of control