Country Focus: Brazil

Al Khaleej Sugar Co. L.L.C.

World’s largest standalone sugar refinery

Pioneer in standalone destination refinery concept

Installed production capacity of 6000 metric tons white sugar per day

Worlds largest single storage capacity for raw sugar

800 employees

13 nationalities

Aggressive growth vision to be world’s best energy efficientsugar refinery

Al Khaleej SugarRefinery - Concept

Middle east has been and will remain structurally deficit sugar consumption region due to• Unsuitability for sugarcane/beet production• High Per capita consumption of 34 kg per annum• Higher population growth rate leading to sugar

consumption growth

Advantage of bulk freight for imports

Advantage of zero freight for container exports from UAE

Zeroing at Brazil for raw sugar supplies

Why Brazil?

World’s largest sugar producer Continuous exportable surplus availability World’s lowest cost sugar producer historically Expansion potential due to availability of suitable

land and sugarcane production resources Best quality of raw sugar

Al Khaleej Sugar&

Brazil

Importing raw sugar from Brazil since 1995

Al Khaleej Sugar imports from Brazil in last 10 years as per above

Was partner with sugarcane growers cooperative of Brazil (Copersucar) to enhance sugar producing cane varieties

Largest single destination buyer of raw sugar

Key Challenges ahead

Port congestion and logistical/road movement constraints from mills to port during the peak sugar movements

Brazil’s position as a predominant supplier of sugar to the world adds to price volatility for world market

Switch between ethanol and sugar production due to prevailing market creates uncertainty

Draft at Santos/Parangua (key sugar export port ) needs to be increased for accommodating Panamax size vessels

Message

Al Khaleej Sugar’s one and a half decade businessexperience with Brazil has been productive

and positive and we look forward to continuedgrowth in our business with Brazil

Thank You