With support from:

Investment opportunity in UKRAINE

Problem 1: Access to the market for SME potato growers to maximize profit per hectare Many small producers. Wide home production Producer-driven Extensive hand labour Low yields High production cost Limited storage Unpredictable supply Price-fluctuations Small commercial market Mostly unpacked Not traceable Many sales points Small quantity per sales point Inefficiency in distribution Hardly any communication in the chain

Problem 2: Sourcing for Supermarkets A-quality table potatoes Few, but professional producers Little home production Demand-driven Limited mechanisation Low production cost Bulk handling Storage, sorting and packing (mostly in origin) Uneven supply   Mostly offer in consumer packs Traceable and can be tracked Clean, well sorted product Exact packing weight Limited number of sales points Inefficient distribution Communication within value chain

From challenges to opportunities Scope of the potato project Project background The potato project integrates collection, sorting, storing, brushing, packaging and transporting activities A study executed by Larive Consultants demonstrates the technical and commercial feasibility of the project. Objective In the context of the project Agrico Ukraine is seeking financing to add to its own equity Opportunity The investment opportunity concerns a large scale potato processing and storage facility near Kyiv, Ukraine Expertise Agrico Ukraine has over 10 years of experience in the potato value chain. Since 2007 Agrico Ukraine is the official distributor of Dutch potato cooperative in Ukraine Culimer Case - Larive International

Retail market Trends & opportunities 250,000 MT of potatoes are being traded within retail chains, of which an estimated volume of 57,500 MT is packaged Demand in Ukraine shifting towards A-class potatoes; volume of retail trade is expected to reach 1 million MT in 5 years Currently, only 23% of potatoes sold by retail chains are clean and packaged; expected to reach 35% within 5 years. Most clean and packaged potatoes are imported and prices are 5 times higher than local offerings Culimer Case - Larive International

Agrico today Import, sales & production of high quality seed potatoes Local multiplication of seed potatoes, class А Technology transfer, events & trainings

Expansion plan Culimer Case - Larive International Agrico Ukraine aims to supply retail chains with A-class packaged potatoes through its own processing and storage facility The proposed cooperation with retail chains demands a stable year-round supply of A- class potatoes. This requires an investment in: Specialised storage Climate control Innovative equipment High-level of operational expertise To start with a storage volume of 3,000 tons and sales capacity of 5,000 tons of potatoes to supply retail chains with A-class packaged potatoes at competitive prices Culimer Case - Larive International

Capital need Overview Culimer Case - Larive International Building & equipment $830,000 Working capital $100,000 Total financing $930,000 Overview Building and equipment Equity provided by Agrico $ 100,000 Investment opportunity $ 730,000 Type of investment Participation in the company of up to 50 % Loan Type of investor Equity investor with international potato chain experience Commercial investor Working capital Investment opportunity $100,000 Type of investment Credit, loan Type of investor Commercial investor Culimer Case - Larive International

Financial projections Metrics 2017 2018 2019 2020 2021 Sales (T) 2,500,000 3,125,000 3,906,250 4,882,810 6,103,520 Margin / Kg 0.03 0.04 0.05

Expected social impact Farmer training We will train 150 farmers/suppliers in appropriate use of pesticides and crop protection chemicals to meet Food safety standards in 3 rural regions of Ukraine Farmer incomes We will provide service of collecting, grading and packing of potatoes and pay a 10% premium for collected potatoes to partner farmers Community We currently support 1 kindergarten in the village where the facility is located; and we plan to add 2 more kindergartens from areas where we collect potatoes from local farmers

AGRICO team Current staff Culimer Case - Larive International Agrico Ukraine team consists of 9 specialists in the Kiev office: Sales Marketing Clients support/sourcing Accounting and administration Total team of 12 includes: tractor drivers, fork lift operator, grading line operator & field workers To launch the new Project, Agrico will appoint a Project Manager from existing staff and hire an operator for the new line. Culimer Case - Larive International

Our goal- connect farmers & retailers Happy Farmer Happy Retailer

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