AGI Westfield – Rosenort, MB

June 2011

Agenda

• AGI Overview

• Grain Handling 101

• Auger Production 201

• Why would a customer buy a Westfield over the competition?

AGI Overview

Certain statements contained herein constitute forward-looking statements that reflect our

expectations regarding the future growth, results of operations, performance, business

prospects, and opportunities of the Company. Forward-looking statements may contain such

words as “anticipate”, “believe”, “continue”, “could”, “expects”, “intend”, “plans”, “will” or

similar expressions suggesting future conditions or events. Such forward-looking statements

reflect our current beliefs and are based on information currently available to us. Forward-

looking statements involve significant risks and uncertainties. A number of factors could cause

actual results to differ materially from results discussed in the forward-looking statements,

including changes in national and local business conditions, crop yields, crop conditions,

seasonality, industry cyclicality, volatility of production costs, commodity prices, foreign

exchange rates, and competition. These risks and uncertainties are described under “Risks

and Uncertainties” in our Annual Report and our Annual Information Form. Although the

forward-looking statements contained herein are based on what we believe to be reasonable

assumptions, we cannot assure readers that actual results will be consistent with these

forward-looking statements and we undertake no obligation to update such statements

except as expressly required by law.

Safe Harbour Statement

Manufacturing Facilities: Canada & USA

Manufacturing Facilities: Europe

AGI- Activity by Industry Sectors

Farm

CommercialProcessing

Livestock

Business Drivers

�Primary

�Grain Volume

�Secondary

�Grain Prices

�Storage Practices

Strategy

1. Focused catalogue expansion to create a one stop shop environment to

maximize our “share-of-wallet” from our customer base

2. Lever the catalogue into new and expanding geographies and diversify

risk through geographic expansion

3. Manufacturing investment to support geographic and catalogue

expansions

Building Blocks for Growth

Greenfield expansion Twister bin line

Acquisition: MEPU

Acquisition: Franklin

Acquisition: Tramco

Commercial Customers

� Archer Daniels Midland (ADM)

� Bunge

� Cargill

� Conagra / Gavilon

� Consolidated Grain and Barge (CGB)

� Louis Dreyfus

� Viterra

Adair, IL

Hi Roller: Belt

conveyor

Union Iron: Bucket

elevator and chain

conveyor

Illinois

Batco: Belt

conveyor

Westfield: Auger

Union Iron: Temp

Stor

Kalama, WashingtonUnion Iron: Chain conveyors

and bucket elevators

Hi Roller: Belt conveyors

Australia – North of Adelaide

Twister: Flat

bottom bins

Union Iron: Truss

and tower

Russia - EFKO

Hi Roller:

Enclosed belt

conveyor

On- Farm Customers

1,400 dealer locations across North America

Russia - Ekoniva

Twister:

Flat bottom bins

Batco:

Portable belt conveyors

France

Twister: Flat

bottom bins

Batco: Portable belt

conveyors

Grenem, Alberta

Batco: Belt conveyors HSI: Bucket elevators

Westfield

• Founded in 1950

• AGI’s largest division

• World’s largest manufacturer of grain augers

• Exceptional brand strength

• Dominant market share

Manufactured Products:

• Conventional Augers

• Swing Away Augers

GRAIN HANDLING 101

Conventional Augers

• Single tube, intake to discharge - Multiple drive options

• Used for loading trucks, filling bins on small to mid sized farms

• Retail Price (avg): $3,800

Swing Away Auger

• Loading of bins, larger sized buildings, temporary storage piles

• 3 to 5 year life cycle

• Retail Price (avg): $12,500

Double Branding• Wheatheart product line

• Increased shelf-space in market

• Product differentiation - scissor lift/color/galvanized

• Standard components

• Augers tend to be consumable on most farms

• Wear components that require replacement

• Differentiators include lift mechanisms, color, drive power and surface finish

– However, brand image is a predominate factor

• Trend to higher capacity to match harvest equipment

AUGER PRODUCTION

Plant History

Plant History

Building Information:

• Multiple upgrades/additions since 1950

• Total Size: 190,000 sq ft

• Office: 20,000 sq ft

• Plant Area: 170,000 sq ft

• Property: 40 acres - 10 developed

Employees:

• Non-Unionized

• ~290 Production Employees

• 3 USA warehouses

Westfield Lean

During our tour today you will see examples of:

• Kanban system

• Continuous Flow production

• Setup Reduction success stories

• 5S

• Standardized Work

• Total Productive Maintenance

Kanban

Weldments

Paint LineYard

Supplier

Pre-FabPurchasing

Customer

Vision: Current

Robotic Welder

Robotic Welder

CNC

CNC

Automated Saw

Robotic Welder

Vision: Future

Robotic Welder

Robotic Welder

CNC

CNC

Automated Saw

Robotic Welder

CNC

CNC

Automated Saw

Robotic Welder

Robotic WelderRobotic Welder

CNC

Operations Metrics

• Units Shipped

• Production Hours/Unit Shipped

• % Overtime Worked

• On-Time Delivery to Customer

• Safety

Production Growth Opportunity

• 2007 lean redesign and powder coat line

• Manufacturing capacity available in Rosenort >30%

• Robotic welders providing a 3:1 ratio for output vs. manual welding

Vertical Integration

Full control of incoming material quality/quantity for the majority of items:

• Steel

• Auger Tubes

• Auger Flighting

• Flight Pipes (tubing)

Quality assurance and margins maintained by owning the critical component supply chain.

Entrepreneurial Spirit

Specialized equipment designed in-house:

• Tube Rolling Machine

• Auto-Flight Welders

• Frame Press

• Track Roller

• Custom Die-Sets

• Cable Roller

• Driveguard Roller

• Robotic Jigs/Fixtures

ENABLESENABLES

• Combine multiple manufacturing steps

• Product design capability

• Control quality in-house

• Flexibility to meet changing demand - $

1. Value – Westfield leads the market in innovative designs

2. Manufacturing Excellence – 60 years making augers. Westfield manufacturers more of it’s product in-house than any other brand.

3. Dealer support – Customers know they can count on their dealer for after sales support

Why Would a Customer Buy a

Westfield Over the Competition?

Why Would a Customer Buy a Westfield

Over the Competition?

Distribution & Warehouse Network

• Why is this necessary?– Farmers plan, however, impulse/necessity buying absolutely occurs…

Core Competencies

• WESTFIELD: Grain Handling Equipment 365 days a year…

Why Would a Customer Buy a Westfield

Over the Competition?

The broadest portable grain handling catalog in the industry:

Why Would a Customer Buy a Westfield

Over the Competition?

AGI Family Complementary Products

• Grain handling and storage products in the same organization

Why Would a Customer Buy a Westfield

Over the Competition?

Why Would a Customer Buy a Westfield

Over the Competition?

Production Excellence –Commitment throughout production chain

Why Would a Customer Buy a Westfield

Over the Competition?

Customer Focus

Group Feedback

New Grain Handling

R&D Center

Innovation

THANK YOU!