EMPRESAS AQUACHILE

BOSTON

March 2012

1 Company

Overview

2 AquaChile

3 Rain Forest

4 Servicing you

from Miami

5 Corporate Social

Responsibility

Empresas Aquachile at a glance.

AquaChile is a Chilean company that

produces and commercializes Atlantic

Salmon, Pacific Salmon, Sea Trout

and Tilapia.

It has operations in Chile, Costa Rica,

Panama and a commercial office in

the United States.

Sea licenses in Chile to produce Salmon

and Trout, which provide a solid basis

for its growth.

149

It owns inland farms in Costa Rica and the only three

farming licenses granted in the Bayano Lake in Panama

to produce Tilapia.

customers

400 50 countries.

in

It is vertically integrated both in the Salmon

and Tilapia businesses.

Production goals 2016:

Salmon and Trout: 174,000 WFE Tons

Tilapia: 41,000 WFE Tons

Investment of U$ 470 millions over

the next five years

Empresas Aquachile at a glance.

2011 physical sales:

WFE tons.

65,089 WFE tons.

17,240

Sales as of December 2011.

US$ 501.1

Secure financial flexibility.

MAY 19th, 2011 Public Company since

Participate in the industry

consolidation.

IPO goals:

Financing the company´s growth

plan:

1 Company

Overview

2 AquaChile

3 Rain Forest

4 Servicing you

from Miami

5 Corporate Social

Responsibility

We focused in Trout, Pacific Salmon and Tilapia farming

(species not affected by the ISA Virus).

We actively participated in the new industry framework

design.

We upgraded and improved our farming practices.

We did our IPO raising US$ 373 millions and we

restructured our financial debt.

We developed innovative projects for our Salmon and

Tilapia Businesses.

What happened

in the past 4 years

We focused in Trout, Pacific Salmon and Tilapia farming

(species not affected by the ISA Virus).

We actively participated in the new industry framework

design.

We upgraded and improved our farming practices.

We did our IPO raising US$ 373 millions and we

restructured our financial debt.

We developed innovative projects for our Salmon and

Tilapia Businesses.

-Disease free recirculation hatchery: Chaicas.

What happened

in the past 4 years

We focused in Trout, Pacific Salmon and Tilapia farming

(species not affected by the ISA Virus).

We actively participated in the new industry framework

design.

We upgraded and improved our farming practices.

We did our IPO raising US$ 373 millions and we

restructured our financial debt.

We developed innovative projects for our Salmon and

Tilapia Businesses.

-Disease free recirculation hatchery: Chaicas.

-State of the art research facility: Lenca.

What happened

in the past 4 years

We focused in Trout, Pacific Salmon and Tilapia farming

(species not affected by the ISA Virus).

We actively participated in the new industry framework

design.

We upgraded and improved our farming practices.

We did our IPO raising US$ 373 millions and we

restructured our financial debt.

We developed innovative projects for our Salmon and

Tilapia Businesses.

-Disease free recirculation hatchery: Chaicas.

-State of the art research facility: Lenca.

-Harmoniously raised fish: Verlasso.

What happened

in the past 4 years

Alejandro

Cristian

Verlasso salmon

We focused in Trout, Pacific Salmon and Tilapia farming

(species not affected by the ISA Virus).

We actively participated in the new industry framework

design.

We upgraded and improved our farming practices.

We did our IPO raising US$ 373 millions and we

restructured our financial debt.

We developed innovative projects for our Salmon and

Tilapia Businesses.

-Disease free recirculation hatchery: Chaicas.

-State of the art research facility: Lenca.

-Harmoniously raised fish: Verlasso.

-Other investment and growth projects in the

Tilapia business.

What happened

in the past 4 years

Pet food flavoring in Costa Rica.

Tilapia farm in Bayano Lake, Panamá.

Fish feed plant in Costa Rica.

Structural change in the industry:

Controlling risk

New regulation, more oversight and continuous improvement: Concrete results

Fresh Water

-Smolts in lakes & estuaries

-Broodstock

-Biocontainment & bioexclusion

-Eggs

Sea Water

-All in/all out

-Fallowing

-Density

-Biocontainment & bioexclusion

-Macrozones

Farming Licences

-Minimum Distance

-New concessions

-Time

-Transfer

-Loss

Plants -Biocontainment & bioexclusion

from harvesting until packing

Regulatory framework Supervision and

self-regulation

Sernapesca workforce

increase in X,XI and

XII Regions.

2009 2010

68

128

Results

Mortality Index (%)

Harvest Weight Evolution (Kg WFE)

Large Size Companies Optimal Operational Scale

Vertical Integration throughout the value chain.

AquaChile is vertically integrated in the Salmon business.

The Company adds value to all its productive chain, from genetics up to commercialization.

GENETICS

FRESH WATER

Eggs & Smolts

SEA WATER

Farming

PROCESSING COMMERCIALIZATION

FEED

Genetics: 15 years of achievements and proven genetic development.

Aquainnovo: created to be a world class center for genetic improvement in aquaculture.

15% Universidad de Chile

2% Others

83% Aquachile

Work Focus:

Improve resistance to disease.

Improve species’ reproductive capacity.

Shorten production cycle.

Fresh water: Flexibility and excess installed capacity.

AquaChile produces smolts not only to supply its own needs

but also to eventually sell them to third parties.

Fresh water: Flexibility and excess installed capacity.

23* hatcheries from the IXth Region to

the XIth Region, including 1 hatchery

near Santiago.

13** fresh Water farming licenses in the

Xth and XIth Regions for Sea Trout

and Coho smoltification.

7 brackish water licenses in the XIth

Region for Coho smoltification.

* Four of them are rented under long term contract

** Two of them are rented under long term contract

Sea water: Unique, diversified and large sea license portfolio.

One of the largest farming licenses base and

the largest presence within sanitary areas in

the Chilean industry.

149 farming licenses distributed in

29 Sanitary Areas

-Geographic distribution

-Organic growth capacity

-Operational and productive continuity

-Continuous supply to clients

-Species diversification

-Natural, climate and sanitary risks

diversification

Sea water: Unique, diversified and large sea license portfolio

INDUSTRY Total of 34 sanitary areas

AQUACHILE 93 sea licenses and 17 sanitary areas

50% of sanitary areas of the Aysen Region

Sea licenses Sanitary areas

INDUSTRY Total of 24 sanitary areas

AQUACHILE 56 sea licenses in 12 sanitary areas

50% of sanitary areas of the Los Lagos Region

Aysen Region

Los Lagos Region

Geographical

diversification in farming

license for Salmon and

Trout production.

Fish feed plant: State of the art assets to feed our fish.

Joint venture with Biomar in Chile, one of the

world’s leading suppliers of high performance

fish feed.

126,000 tons of installed capacity.

Modular design allows the company to double

its output capacity.

Processing: Installed capacity to absorb growth.

Current processing capacity In thousands of WFE tons

5 plants in Chile with a total process capacity of 170,000

WFE tons, including one of the largest plants in the World

Location Puerto Montt

Calbuco Quellón Dalcahue Chonchi

Plant Type Value Added

Value Added

Whole Salmon

Whole Salmon

Value Added

PAC-HACCP Certification

Yes Yes Yes Yes Yes

1 Company

Overview

2 AquaChile

3 Rain Forest

4 Servicing you

from Miami

5 Corporate Social

Responsibility

Vertical Integration throughout the value chain.

Rainforest is vertically integrated in the Tilapia business.

The Company adds value to all its productive chain, from genetics up to commercialization.

* The feed plant will be finished in may 2012

FRY

PRODUCTION

GENETICS

FARMING

FEED*

PROCESSING COMMERCIALIZATION

FEED

Genetics: Acquired know how in Salmon applied to Tilapia.

The company has an improved genetic program since 2006, which has been managed by Aquainnovo.

Tilapia Costa Rica & Panamá: Large water volume and favorable climate.

Costa Rica

-Strategic access to large volumes of high-quality water

-Optimal location for logistics

-21,000 tons WFE capacity

Guanacaste

Bayano Lake

Panama

-The Company has the only three tilapia farming licenses granted in Bayano Lake

-Potential to produce over 20,000 ton WFE

Geographical diversification in

Tilapia Production

Installed capacity to absorb growth.

Current production capacity In thousands of WFE tons

1 plant in Guanacaste, Costa Rica with a total capacity

of 21,000 WFE tons and 1 Plant in Panama with

capacity of 3,000 WFE tons

Location

Plant Type

PAC-HACCP Certification

Guanacaste

Value Added

Yes

Value Added

Yes

Panama

New development in Costa Rica.

Association with Biomar.

Association with SPF.

1 Company

Overview

2 AquaChile

3 Rain Forest

4 Servicing you

from Miami

5 Corporate Social

Responsibility

Aquachileinc:

Servicing you from Miami

Experienced customer service

Reliability and commitment

We deliver!

The only Salmon & Tilapia company with operations

inside Miami International Airport

Improved cold chain

Less handling involved

1 Company

Overview

2 AquaChile

3 Rain Forest

4 Servicing you

from Miami

5 Corporate Social

Responsibility

-More than 4.800 employees in Chile, Costa Rica, Panama & United States

-Benefits above legal requirements

-On the job training

-Costa Rica: ISO 14001:2004, OHSAS 18001:2007 and BAP for Global

Aquaculture Alliance, the most demanding at present

-Chile: Global GAP certification in progress

-Social Responsibility Report available (www.aquachile.com/sustainability)

OUR LABOR AND

ENVIROMENTAL

STANDARDS

We are committed to our employees, our clients and the environment.

-To produce quality, healthy and safe food

-To act in a proactive and respectful way towards the environment

-To develop in a safe and healthy work environment

-To benefit the communities and suppliers in the places where the

company operates

OUR CORPORATE SOCIAL RESPONSIBILITY PRINCIPLES

We are committed to our employees, our clients and the environment.

We are committed to our employees, our clients and the environment.

EMPRESAS AQUACHILE

BOSTON

March 2012