ARTEMIS AGRICULTURAL FINANCE · Managing Partner 17+ years of experience in consulting, auditing and corporate finance Due diligence Financial modelling Financing of young companies

ARTEMIS AGRICULTURAL F INANCE

CORPORATE FINANCE • MERGERS & ACQUISITIONS • ASSET MANAGEMENT

FOR AGRICULTURE , AGRIBUSINESS AND THE FOOD INDUSTRY

2016

The ARTEMIS Group which is active in the market since 2001 is aninternational financing and M&A consulting boutique and investmentmanager of real assets. One focus is on the agricultural and renewableenergy sectors. In these areas, the ARTEMIS Group is also active as analternative asset manager.Through our asset management services, we support institutionalinvestors in the analysis, evaluation and monitoring of investment targetsin the agriculture and renewable energy sectors.

2001/2002 Formation of ARTEMIS Group in Munich

2003/2004 Commencement of agricultural consulting activitiesand initial operations in Russia

2004 Expansion of advisory services for ministries, Russianoblast administrations and international agriculturaland agribusiness companies

2006 Formation of ARTEMIS Capital Partners AG in Zurichand steady expansion of corporate finance, M&A andasset management activities

2008 Steady expansion of agricultural consulting activities in Germany, Austria, Switzerland and Russia; participationin numerous delegation visits and advising well-knowninvestment management companies

2010 Integration of the structured finance team and furtherexpansion of all asset management and investmentadvisory activities

2011 Launch of the real asset management unit for the planning and implementation of real asset investments

2013 Officially licensed at the German Federal Financial Supervisory Authority (BaFin)

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About ARTEMIS

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Finance & Investment

Cooperation with Investment Banks, Corporate Finance and M&A Advisors in the major markets.

Agriculture / Renewable Energies

Cooperations with established operational partners, Investment Advisors, Administrations and well-known international companies.

Overview of key facts:

Formation: 2001

Office: Munich

Managing Partners: 3

Core team: 10 Professionals

Services:

Corporate Finance

Mergers & Acquisitions

Asset Management

ARTEMIS global network

Facts and services

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Our services – Financing

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ARTEMIS: Expertise in funding

In order to develop a strategy which is appropriate for the company's specific situation, ARTEMIS uses a multi-stage approach:

Initiation, planning and attaining financing readiness

Designing a sustainable financing structure

Funding of the selected financing structure

As part of this approach, ARTEMIS provides the following:

Cash flow-oriented analysis of the current situation

Examination of capital market viability

Development of the concept and a sustainable financing structure

Preparation of financing documents

Identification, selection and contacting of capital providers

Negotiations and deal closing

Monitoring and ongoing support

Capital market transactions

Corporate financing for young companies

Financial restructuring

Structured financing

Equity

Bonds & borrower's notes

Private equity family offices

Credit and leasing

Factoring & working capital finance

Relationships with leading issuers (2014 placement volume: > EUR 500 million)

Relationships with issuers (2014 placement volume: > EUR 750 million)

Established network of over 200 PE and investment companies

(AuM > EUR 100 billion)

Longstanding relationship with institutions specializing in credit and leasing

Relationships with market leaders in working capital finance and specific factoring solutions

In any financing transactions, companies have a large number of financing instruments and sources to choosefrom, as well as different forms of capital. As a result, even corporate finance departments have a difficult timemaintaining the overview.

ARTEMIS corporate finance has the overview!

The support ARTEMIS provides to you is delivered by staff with long-standing market experience and boastingexcellent contacts. We will make the selections best suited to you, and we combine instruments efficiently. Asyour ever-present partner, the ARTEMIS Group not only delivers the right financing concept, we will also activelyassist you in the selection of investors and in the realisation of financing.

Our apporach for corporate finance

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Our services – Mergers & Acquisitions

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ARTEMIS: Expertise in transaction processes

Industry expertise

Transaction experience

Structured process

Project management

Negotiating skill

ARTEMIS has been operating in the industry for more than 10 years and also has a team of

industry-specific experts.

ARTEMIS has worked on several transactions since 2001 and its employees have experience

with the M&A process.

ARTEMIS follows a clearly structured and proven transaction process; time- and cost-

efficient.

ARTEMIS is the point of intersection between the company, external consultants and the

target company/investors.

ARTEMIS proactively manages the transaction process and has what it takes to get things

done.

In view of the increasing internationalization of markets and the associated globalization of supply and demandmarkets, the subject of mergers and acquisitions is becoming increasingly important, not just for majorconglomerates, but also for small and mid-sized businesses as well.

Corporate transactions are generally complex with time also being a critical factor. The factors for success includesound preparation, a profit-focussed transaction strategy, discretion and an experienced team by your side tocarefully steer the process and that possesses the requisite level of assertiveness. ARTEMIS M&A remains yourever-present partner during this challenging process.

Our services in the field of Mergers & Acquisitions:

Evaluation of the company

Purchase / sale of enterprises and assets

Support with due diligence

Services in the role of "outsourced M&A" department

Our approach for mergers and acquisitions

In order to develop a strategy which is appropriate for the company's specific situation, ARTEMIS uses a multi-stage approach:

Analysis/research, strategy and feasibility

Selection, making contact, LOI

Valuation, negotiation, due diligence

Signing and closing

As part of this approach, ARTEMIS provides the following:

Business modeling and scenario analysis

Long list/short list of targets or investors

Development of a concept and a sustainable financing structure

Preparation of the transaction documents

Identification, selection and making contact

Preparation of the valuation

Management of the due diligence process

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TOur services – Asset management

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According to the requirements of investors and asset managers ARTEMIS support in various areas:

Investment Advisory

Investment Controlling

Outsourcing

As an independent asset manager in Agriculture and Renewable Energy ARTEMIS offers various solutions:

Design of individual investment structures

Management of Ag and RE Fund

Investment opportunities in agricultural and RE

Industry expertise

Project experience

Systematic process

Agriculture assetmanagement

RE assetmanagement

ARTEMIS is active for different types of investors and asset managers for more than 10

years.

ARTEMIS and its partners have successfully carried out projects with different priorities in

recent years.

ARTEMIS followed in the implementation of projects and investment structure a clear and

systematic process

ARTEMIS combines financial and agricultural know-how with specific country expertise under

a single roof.

ARTEMIS has an internetional network of political decision-makers, operators and

industry experts.

The crisis in the financial market and wider-ranging regulations has seen investors and asset managers confrontedwith a variety of challenges in recent years. There is a move evident among many investors to realign theirportfolios. Real assets have an increasingly important role to play.

As a trusted advisor, ARTEMIS advises institutional investors, family offices and asset managers and, as an independent asset manager, it offers investment opportunities right across the agriculture value chain as well as in the area of renewable energies.

Our asset management services:

ARTEMIS: Expertise in asset management Our approach for asset management

Independent investment advisory

Agriculture asset management

Investment controlling

Renewable asset management

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Experienced ARTEMIS agricultural expert team

International network with financing partners, agriculturalcompanies, political decision makers and renowned associations

Years of experience within the industry in agricultural transactionsand projects and agri-business

Access to projects and transactions worldwide

Network of on-site contact partners and market participants

Analysis of current market developments and industry trends

Systematic processes for projects, financing and transactions

Sustainable investor network for agricultural investments as well asthe management of agricultural investments / agriculture AIF

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The ARTEMIS Group has been active in the field of agriculture since 2003.Our industry focus is not just on food production, but also on upstreamand downstream points within the agricultural value chain of the foodindustry.

From the very beginning, the ARTEMIS Group has not only been aimed atprojects within Germany, but has always taken an internationallyorientated approach. Aside from Central Europe, we are also active inthe Russian Federation, Ukraine, Brazil, Argentina, South Africa, Romaniaand former Yugoslavia. The ARTEMIS Group boasts renowned businesspartners and contacts in these countries.

With its determined team of agricultural experts, the ARTEMIS Groupcan continually keep up with market changes. The ARTEMIS Group alsoanalyses effects of the newest trends and regulatory changes oncompanies’ strategic focus in relation to company financing and M&Aactions.

Agricultural Industry Focus – Food Industry

Managing Partner

17+ years of experience in consulting, auditing and corporate finance

Due diligence

Financial modelling

Financing of young companies

Investor network

Management of renewable energy projects

Transactions (M&A)

Sectors: automation, cleantech, food & beverage, machinery and equipment manufacturing, other production, renewable energy, service provider, software, telecommunications among others

Former roles: Senior Manager KPMG (Audit, Business Development, Financial Advisory)

Senior Advisor

3+ years of experience in consulting, corporate finance and real asset management

Financial due diligence

Investor targeting

Management of renewable energy projects

Support of institutional investors

Transactions (M&A)

Sectors: agribusiness, cleantech, fintech, renewable energies, service providers, Software-as-a-Service, trade among others

Former roles: Graduate of the University of St. Gallen (M.A. HSG) and the Université Laval (QC, CAN)

Managing Partner


Cross-border projects

Management of agricultural projects

Project financing

Structured finance

Support of institutional investors

Sectors: agriculture, agribusiness, automation, banking & insurance, dairy, energy, food & beverage, production, trade among others

Former roles: Senior Advisor Finance & Risk, Debt Advisor, Senior Auditor (KPMG)

Managing Partner


Assisting capital market enterprises

Due diligence

Financial modelling

Project financing

Structured finance

Sectors: agriculture, agribusiness, banking & insurance, energy, production, trade among others

Former roles: Senior Manager KPMG (Audit, Business Development, Corporate Finance & Transaction Services)

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Stephan Groß

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Torsten Adam

Carsten Wick

Christoph Lanninger

ARTEMIS Group | Seidlstr. 18 | 80335 Munich| GermanyPhone: +49 (0) 89 / 74 50 17-0 | Fax: +49 (0) 89 / 74 50 17-10 | www.artemis-group.comManaging Partners and responsible for content: Dipl.-Volksw. Torsten Adam, Dipl.-Kfm. Carsten Wick und Dipl.-Kfm. Stephan GroßDistrict Court Munich – HRB 141091 | HRB 153476 | FFSA registration ID 135782

ARTEMIS agricultural expert, Assistant Ministerial Secretary (retd.)

40+ years of experience in international projects and governmental activities at state, federal and EU level

Expansion of networks and educational institutions


Projects renewable energies

Selection and evaluation of projects

Sectors: agribusiness, renewable energies, services among others

Former roles: Assistant Ministerial Secretary Bavarian State Ministry of Food, Agriculture and Forestry, and the EU Commission, winner of the “Ernst-Pelz-Preis” (2012), founding CEO of C.A.R.M.E.N. e.V.

ARTEMIS agricultural expert, President of the Weihenstephan-Triesdorf University of Applied Sciences

30+ years of experience in management and in consulting universities in the agriculture sector

Expansion of networks and educational institutions


Realignment of agricultural education

Sectors: agriculture and agribusiness, beverage industry, food industry among others

Former roles: Professor at Harvard University (Boston, USA), Senior Manager in Application Consulting and Training at Digital Equipment (DEC), co-founder of ausecus GmbH and Archytas Automation GmbH (now Zeta Automation)

ARTEMIS agricultural expert, Professor em. at theTechnical University Munich (TUM)

40+ years of experience in international projects, agricultural research and the management of agricultural operations

Evaluation of investment proposals

Management of agricultural enterprises

Project development

Steering international agricultural projects

Sectors: Agriculture and agribusiness, renewable energies among others

Former roles: Full professor i.R. for vegetable cultivation, Regional Director Asia & Africa Del Monte Inc., Director Food Projects RJR Nabisco China Ltd.

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Dr. Isabel Fischer

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Dr. Theodor Weber

Prof. Dr. Wilfried Schnitzler

Prof. Dr. Hermann Heiler


ARTEMIS agricultural expert, Senior Advisor

15+ years of experience in research and executionof agricultural projects

Business modeling


International aid

Evaluating investment projects

Agricultural research

Sectors: Agribusiness and agriculture among others

Former roles: Doctoral candidate at the University of Hohenheim, co-project manager for an international agricultural project

Executive Assistant

5+ years of experience in assistance and office administration

Administration

Background Research

Event management

Sales & Marketing

Team Assistant

Sectors: tourism, venture capital, start-up companies

Former roles: Graduate of the Institute of Languages and Interpreters (SDI), Travel Management Assistant (BigXtra Touristik), Personal Assistant (BigXtra Touristik), Team Assistant (Earlybird Venture Capital GmbH & Co. KG), Team Assistant (btl creative GmbH)

Advisor

3+ years of experience in consulting, corporate finance and sales

Financial engineering

Financial due diligence

Funding

Institutional Sales

Market Research

Project structuring

Sectors: agriculture, agribusiness, food & beverage, plant construction, renewable energies among others

Former roles: Graduate of the University of Augsburg (Bachelor of Science)

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Florian Zint

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Christiane Taube

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ZENAusgewählte Referenzen unserer Experten im Bereich Agrar und der Ernährungsindustrie

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Agriculture Investment Fund/AIF

Exclusive AIFM for Investment Structuring

Transaction Volume approx. 35 Mio. EUR

International

Brewery

Exclusive Advisor Financial Restructuring


Producer

Tropical Fruits

Exclusive Advisor Equity Investment


International

Agriculture Cooperation

Exclusive Buy Side AdvisorAcquisition Food Processing

Transaction Volume non disclosure

International

Agriculture Project

Exclusive Advisor Financial Structuring


Specialized

Orchard Operator

Exclusive Sell Side AdvisorStrategic Investor


International

Agriculture Cooperation

Exclusive Advisor Financial Restructuring


International

Agribusiness Dealer

Exclusive Advisor Equity Investment



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ARTEMIS Group

Munich office

Torsten Adam

Seidlstraße 18D-80335 Munich

Phone: +49 (0)89 74 50 17 – 0 Fax: +49 (0)89 74 50 17 – 10

Email: [email protected]: www.artemis-group.com

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Contact information ARTEMIS

© ARTEMIS Group

Documents

ARTEMIS AGRICULTURAL FINANCE · Managing Partner 17+ years of experience in consulting, auditing and corporate finance Due diligence Financial modelling Financing of young companies