Camposol is the world's largest asparagus exporter, with strong financial results for Q4 and full-year 2012, despite lower avocado volumes due to adverse climatic conditions. The company reported increased sales of preserved asparagus and artichokes, while facing challenges in avocado pricing and production. Camposol is well-positioned to capitalize on rising global demand for avocados and grapes, leveraging its advanced agricultural practices and strong yield potential.

1. CAMPOSOL
THE WORLD’S LARGEST ASPARAGUS EXPORTER
Catering to a growing world affluence and higher demand for quality agricultural products
Fourth Quarter and Preliminary Full Year 2012 Results
28 February 2013
Executive Chairman Samuel Dyer Coriat
CFO Jorge Ramirez
Not for reproduction or distribution. The information contained herein may be subject to change without prior notice 1

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2

3. Agenda
Highlights
Company Overview & Main Crops and Trends
Financial Highlights
Conclusions & Outlook
Appendix

4. Highlights: Lower avocado volumes due climatic conditions (mostly
mature fields) and lower prices from US market
Revenues and EBITDA (USD MM) Q4 2012 Volume sold during Q412 was 24,131 net MT, up 15.2%
from Q411 explained mainly by an increase in volumes
EBITDA Sales
of preserved asparagus and artichokes. Average price
70
was USD 2.79 per net KG, up 12.0% from the same
60 period in 2011.
50
Sales of USD 67.4 million, up 29% from Q411.
40 67.4
30 52.3
EBITDA before fair value adjustments (b.f.v.a.) of USD
5.3 million, 43.9% lower than Q411. EBITDA margin
20
decreased to 7.9%.
10
9.5 5.3
0
Q4 2011 Q4 2012
Revenues and EBITDA (USD MM) Q4 YTD 2012
Volume sold in 2012 was 70,949 MT, down 4.1% from
2011 mainly explained by lower volumes of avocado.
EBITDA Sales Average price of USD 2.58 per net KG, up 13.7% from
180
2011.
160
Sales of USD 183.2 million, up 9.2% from 2011.
140
183.2
120
EBITDA (b.f.v.a.) of USD 16.9 million compared to USD
100 167.8
30.8 million for the 2011, mainly explained by lower
80
volumes of avocado, due to climate conditions in Peru
60
40
and record high production in California and Mexico,
20
which adversely affected prices in the US market.
30.8
16.9
0
Q4 YTD 2011 Q4 YTD 2012
As of December 31st, the Company maintains a Cash
Balance of USD 28.5 million.
4

5. Avocado volumes in US market have been record high in 2012,
volumes up 23% and prices down 40% compared to 2011
800
$2.68
700
600
$1.98
500
VOLUME (000 MT)
$1.84 $1.86
$1.74
$1.61
$1.57
400 $1.47
$1.19
300
200
100
0 $0.00
2004 2005 2006 2007 2008 2009 2010 2011 2012*
California 196.0 137.1 273.7 111.8 149.6 79.5 249.0 130.8 191.6
Chile 97.0 121.2 70.0 112.3 65.4 113.0 64.9 70.0 60.7
Mexico 38.5
34.6 38.0 46.3 30.9
Peru 0.0 0.0 0.0 0.0 0.0 0.0 0.1 9.0 16.8
Total Volume YTD 366.0 414.6 473.9 482.5 488.9 530.6 613.2 568.9 699.5
Price Fob/kg Peru $1.74 $1.47 $1.19 $1.84 $1.98 $1.86 $1.57 $2.68 $1.61
• Others = Florida, Dominican Republic, New Zealand
• Source :HASS AVOCADO BOARD, USDA
5

6. During the Peruvian window (may-sep) in US market volumes up 34%
and prices down 46% compared to last year
350 $3.50
300 $3.00
$2.94
250 $2.50
$2.23 $2.23
VOLUME (000 MT)
200 $2.03 $2.00
$1.71 $1.71
$1.66
$1.60
150 $1.50
$1.20
100 $1.00
50 $0.50
0 $0.00
2004 2005 2006 2007 2008 2009 2010 2011 2012
California 118 78 165 79 101 53 175 102 145
Chile 19 30 10 23 8 39 4 16 4
Mexico 1 54 29 87 78 101 84 89 138
Others * 16 11 9 18 19 17 14 23 14
Peru 0 0 0 0 0 0 0 8 17
Q2-Q3 154.77 172.55 212.77 207.64 206.18 210.36 276.41 237.27 318.73
Price Fob Peru $1.66 $1.71 $1.20 $2.03 $2.23 $2.23 $1.71 $2.94 $1.60
• Others = Florida, Dominican Republic, New Zealand
• Source :HASS AVOCADO BOARD, USDA
6

7. Agenda
Highlights
Company Overview & Main Crops and Trends
Financial Highlights
Conclusions & Outlook
Appendix

8. Camposol at a glance
Largest asparagus exporter in the world (volumes). Main operations
Largest producer of Hass avocados (planted area).
Tumbes
Positioned in the healthy food segments: fruits and Shrimp
vegetables. Piura
Mangoes, Peppers,
Large bank of lands: 18,600 net hectares(1) out of which Grapes Chao
approximately 7,000 hectares have been planted. Avocado, White/
Green asparagus
Fields managed using advanced agricultural practices; Lima
processing plants fitted with state of the art equipment.
Favorable tax and labor regime.
Employs on average 10,000 workers .
Strong Volume Growth without additional substantial
CAPEX.
Strong Corporate Governance:
– Adheres to Norwegian Code of Practice on Corporate
Governance.
– Listed in Oslo Stock Exchange.
– Board members: 5 of 8 members are independent.
(1) 1 hectare = 2.47 acres
8

9. Strong expected growth without substantial additional
CAPEX
Avocado Grapes Asparagus Mango Tangerines Total
Crop yield as % of peak
Planted hectares yields production
Unproductive
449 35 102 586 0%
phase
0 0
(17% of total) (8% of total) (100% of total) (10% of total)
yield phase
Medium
1,342 351 0 47 0 1,740 25 to 80%
(51% of total) (78% of total) (10% of total) (28% of total)
High yield
825 100 2,516 368 3,809 80 to 100%
phase
(32% of total) (22% of total) (100% of total) (82% of total)
0 (62% of total)
Total
2,616 451 2,516 450 102 6,135
has
Margin(1)
Profit
Gross
51.8% 34.9% 18.0% 12.9% 73.5% 24.5%
Only 32% of avocado planted areas have reached peak yields.
Source: Company data.
Note: Table excludes approximately 300 hectares planted with rotational crops such as piquillo pepper.
(1) As of December 31, 2012. 9

10. World wide demand for avocado has increased significantly due to
growing awareness of its health benefits
Demand Global imports
(US$ million) 2001 global imports US$422 million
Global consumption of avocado has been growing at a very fast pace 2010 global imports US$1,655 million
mainly due to the growing popularity of the fruit and for its proved health
benefits. 6.2x 705 2.8x 675 4.8x
Europe had been the traditional importer of avocado. However, since
246
early 2000’s imports by the US and Japan have grown at even faster rates. 114 121
25
Currently, the US is the largest importer of avocado, representing close to
37% of global imports, and has one of the fastest growth rates of N. America Europe Japan
consumption in the world, estimated a 10% per annum by the Hass
Avocado Board. 2001 2010
Health Benefits of Avocado
Avocado’s health benefits are due mainly to its high levels of vitamins A,
B, E and G, high levels of potassium (higher than bananas), and also high
levels of monosaturated fat.
The American Journal of Medicine (December 1999) showed that avocados
are rich in beta-sitosterol, a natural substance shown to significantly
lower blood cholesterol levels.
The oil produced by the fruit’s skin is also widely used in the beauty
products industry, mostly for the production of facial creams, hand
lotions and fine soap, and the remaining pulp residue after oil extraction
is used as stockfeed for livestock.
Camposol is positioned to take advantage of the increased global demand for avocado
consumption.
Source: International Trade Center, American Journal of Medicine.
10

11. Due to prior investments, Camposol is ideally positioned to capture
the growth opportunities in the US avocado market…
Evolution of US local production and imports of avocado Forecasted US supply gap
(in 000 MT) (in 000 MT)
578
295
221
156
249 98
46
653
Supply growth @3.0%
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2012 2013 2014 2015 2016 2017
Local production Imports
Supply (imports + local production) Gap (demand - supply)
Price and per capita consumption of avocado in US market
Decreasing production from California has increased the need for
Price growth 1980 – 2011E: 4.0x avocado imports:
Consumption per capita growth 1980 – 2011E: 1.9x
− Imported volumes have grown by 450% since 2000.
2.1
$2.0 − Local supply remains erratic due to seasonality.
1.1
Projections show demand outpacing supply even with the addition
1.0
of increased imports from new countries like Peru.
Although Peruvian avocado was cleared halfway through the
$0.5 export campaign (early in Q311), thus increasing avocado supply to
the US market, average export prices increased as growing US
1980 1985 1990 1995 2000 2005 2010
demand outpaced supply.
Consumption - kg per capita US market price - US$ per Kg
The US market dynamics will be a key driver for growth in average prices of fresh avocado.
Source: Hass Avocado Board, US Avocado Price Trend Analysis and Forecast (2011-2014), Maximice.
11

12. World grape demand has been growing steadily and Peru maintains a
strong competitive advantage due to its high yields.
Production Global imports(1)
(US$ million) 2001 global imports US$2,902 million
Grapes are mostly consumed fresh and grown in two different varieties:
2010 global imports US$7,032 million
seedless and seeded.
Uniquely for Peru, grapes produce their first harvest within one year and
2.0x 2.2x 3001 2.7x
are fully productive after three years.
Increasing volume contribution from Camposol. 1929
1387
– Camposol’s first grape harvest produced during 2011. 963
159 435
Field management improvements to increase labor efficiency and product
quality.
N. America Europe China
– Still challenges in field, pre-packing and packing operations, to be
mitigated with 2012 CAPEX plan.
2001 2010
– Customized packing for supermarkets needs.
Demand Major grape producers – 2010 yields
(metric tons per hectare)
Consumption growing worldwide, especially in Asia.
All year round consumption . 18.7
16.3 16.3 15.6
Good positioning of Peruvian grapes in major markets. 14.6
9.5
Favorable trends in volumes and prices for seedless varieties.
– Changes in customer preference, from seeded to seedless in Asian
markets, in tandem with growth in income per capita.
South World
Peru Brazil U.S. Chile
Africa (avg.)
Grapes are set to contribute to the Company’s growth profile, with particularly attractive
economics in place for the seedless varieties.
Source: International Trade Organization, FaoStat, Company data.
(1) Includes only fresh grapes.
12

13. Peru has positioned itself as a major supplier of asparagus…
Production 2010 global exports of asparagus
Total global exports: US$1,164 million
Asparagus is a spring vegetable that is grown in 2 ways:
– Green asparagus is usually preferred in the US. Rest of world
27% Peru
– White asparagus is usually preferred by Europeans.
34%
In the past 10 years, Peru has almost tripled its global exports of
asparagus.
Unlike most countries, Peru’s unique climate permits year round China
production of asparagus. 9%
China, previously a major exporter, has reduced its exports, mainly due to Mexico
US
a rise in internal demand. 19%
11%
Demand Global imports
(US$ million) 2001 global imports US$787 million
China is the largest global consumer of asparagus as well as the largest
2010 global imports US$1,400 million
producer.
3.3x 1.3x 664 0.8x
601
White asparagus is very popular in Germany, France and other European 503
countries.
184
95 79
In the past 10 years the US has significantly increased consumption of
fresh green asparagus and is growing in popularity.
N. America Europe Japan
2001 2010
Peru has positioned itself as the world’s top exporter of asparagus, an increasingly popular
product in new markets such as the US.
Source: International Trade Organization, company data.
13

14. ´
…and Camposol has become the world´s largest exporter of
asparagus, a status it expects to maintain.
Asparagus volume sold and total hectares planted Asparagus revenues and gross margin
Average price
US$ / MT: 2,190 2,240 2,530 2,860
2,702 23.1%
2,633 2,633 19.4% 17.9%
2,516
9.7%
67.7
26,840 58.8 57.9
24,455 22,842 23,783 54.8
2009 2010 2011 2012 2009 2010 2011 2012
Volume sold (MT) Total Hectares Planted Revenues (US$ mm) Gross Margin (%)
Camposol’s asparagus average yield during life cycle(1) Camposol is Peru’s largest producer and world largest exporter of
asparagus, benefiting from the country’s climatic advantage.
19 Camposol produces and exports green and white asparagus.
17 18
16 17
16 It is also sold in three formats: i) fresh, ii) preserved and iii) frozen.
15 18 15
15 15 Due to larger volumes produced, Camposol has historically exported
12
12 asparagus at lower prices than its main competitors.
9
4 To reduce the price gap and take advantage of its superior scale,
5 4 Camposol is increasing its exports to Germany and has signed a
commercial agreement with Riberebro .
1 2 3 4 5 6 7 8 9 10 11
China´s supply (Peru´s main competitor in white asparagus) is
Actual Expected
decreasing.
Asparagus will continue to be a core product for Camposol, allowing the company to bolster its
global position by increasing sales to growing markets for imports, such as Germany.
Source: Company Data
(1) Yields taken from historical production of asparagus in Camposol’s fields
14

15. Other products – Mango, peppers and artichoke.
Mango Peppers (rotational crop) Artichoke (rotational crop) Shrimp
Market overview/trends: Market overview/trends: Market overview/trends: Market overview/trends:
Consumption growing worldwide Consumption limited to Spain, France, Increasing demand from channels in the Consumption has kept growing despite
Considered premium Italy, Greece & US US market recent economic downturn
Still exotic in Europe, room for growth Limited availability outside of these Low barriers for entry (no crop Climatic phenomena has affected
countries specialization required) plus attractive output in Asian countries
Lower yields from Peru resulting in current price level may encourage
higher prices during current season Overall exports declining Peru’s shrimp exports have grown
volume increases during 2012 consistently since 2005 to satisfy global
demand
Camposol outlook: Camposol outlook: Camposol outlook: Camposol outlook:
Capture more value through tree ripped Consolidate direct sales to Growth opportunities in value added Second largest shrimp producer in the
and air freighted mango supermarkets presentations: grilled, tapenades and country with 492 hectares of shrimp
Increase demand for frozen product Growth opportunities in value added frozen farms
Implement reliable 3rd party sourcing presentations Shrimp farming has important synergies
business model with Camposol’s frozen business
In addition to these products Camposol produces tangerines, which provide the Company with
additional growth opportunities.
15

16. Diversification
Continuous positive trend towards Fresh Produce, direct sales and market diversification
Net Volume Sold by format (MT 000 / % of Total) Sales by destination (USD MM / %)
Fresh Preserved Frozen USA Europe Asia Others
59.0 59.8 73.9 70.9 121.4 119.3 167.8 183.2
9% 9% 5%
1% 5%
1% 7% 8%
12% 12%
7% 9%
47% 36% 38%
1 56% 1
73% 78% 56%
64%
52% 50%
44%
35%
21% 22% 27%
16%
0 0
2009 2010 2011 2012 2009 2010 2011 2012
Sales by Channel USD MM (direct* / importers) Volume Raw material MT 000 (own and suppliers)
Direct Importers Suppliers Own
Vol Raw M at erial %Suppliers
121.4 119.3 167.8 183.2
23%
1 77% 76% 73% 1 10%
87% 93% 92% 88%
94%
6% 7%
105.7 100.0
75.4 82.1
23% 24% 27%
13% 8% 12%
0 0 6% 7%
2009 2010 2011 2012 20092009 2010
2010 2011
2011 Jun-12 YTD
2012
* Direct Sales include all sales performed by our commercial offices in Europe and US, as well direct shipments from Lima to Supermarkets, retails, etc.
16

17. Selling Prices with favorable trend in company´s main products
Fresh avocado prices lower than 2011 but above 2008 - 2010, before opening of US market
Fresh Products Prices (USD/KNE) Preserved Products Prices (USD/KNE)
White Asparagus Green Asparagus Avocado Mango Grapes White Asparagus Green Asparagus Pepper
5 5
4 4
3 3
2 2
1 1
0 0
2008 2009 2010 2011 2012 2008 2009 2010 2011 2012
Frozen Products Prices (USD/KNE)
White Asparagus Green Asparagus Avocado Mango
5
4
3
2
1
0
2008 2009 2010 2011 2012
Note: Prices shown are based on company sales. These are not market prices.
Source: Camposol.
17

18. Agenda
Highlights
Company Overview & Main Crops and Trends
Financial Highlights
Conclusions & Outlook
Appendix

19. Financial Highlights
EBITDA margin at 9% while net leverage up to 8.1x
Volume Harvested (000 MT) Total Sales per Product (USD MM)
Asparagus Avocado Mangoes Grapes Pepper Other Asparagus Avocado Mangoes Grapes Pepper Other
94.9 183.2
2.8
88.1 77.5 167.8
35.5
76.7 17.5 18.9
14.1 140.7
71,1 1.4 4.9
7.5 20.4 15.3
2.0 121.4 119.3
14.0 17.7 12.2 25.1
14.8 18.2
15.2 13.6 9.8
2.2 13.3 17.8
8.6 8.9 16.0 14.7
1.3 8.6 17.5
6.3 9.4 18.0
10.6 3.2
20.9 2.0 13.4 31.4
21.5 11.5 13.2 31.6 8.5 39.9
15.2 16.4 20.5
34.8 32.8 32.6 62.1 68.1
29.9 58.7 54.8 57.9
25.7
2008 2009 2010 2011 2012 2008 2009 2010 2011 2012
EBITDA (USD MM) / EBITDA Margin (% of Sales) Net Debt / Leverage (USD MM / x EBITDA B.F.V.A.)
EBITDA BFVA M argin BFVA Debt Debt / EBITDA bf va
18%
17%
7.8x 8.1x
6.9x
9%
7% 7%
3.5x 2.7x 136.5
30.8
20.4 77.2 72.4 83.9
16.9 60.5
9.9 8.8
2008 2009 2010 2011 2012 2008 2009 2010 2011 2012
Source: Camposol Holding PLC
19

20. Cash Flow
Company maintains a strong cash balance of + USD 28 million
Cash Flow (USD Million)
Q4 2012 Q4 2011 2012 2011
EBITDA 5.3 9.5 16.9 30.8
Working Capital Changes 6.6 (1.3) (14.5) (12.8)
Interest Expense Net (3.7) (2.3) (16.3) (8.5)
Income Tax 0.0 0.9 (0.0) (0.0)
Net Cash Flow from Operations 8.2 6.8 (13.9) 9.5
Net Cash Flow from Investments (11.1) (4.7) (24.9) (19.6)
Net Cash Flow from Financing 5.6 (0.7) 60.7 6.8
Net Cash Flow during the period 2.7 1.4 21.9 (3.3)
Cash beginning of the period 25.8 5.2 6.6 9.9
Cash end of the period 28.5 6.6 28.5 6.6
20

21. Funding Mix
Camposol increased its debt’s average life from 3.2 to 4.9 years after the bond issuance.
Long-term Debt Schedule Before Issuance of Bonds Debt Breakdown before Issuance of Bonds
Long term debt: US$ 64.7mm Total debt: US$ 90.2 million
Average life: 3.2 years Short-term
bank debt Syndicated
28% Lo an
0.9 65%
0.9
0.5
1.5 1.3 17.7
7.4 13.5 11.8
8.1 0.2 0.3
Other lo ng-
2012 2013 2014 2015 2016 2017 2018 term debt
7%
Syndicated Loan Other Long-term Debt
Current Long-term Debt Schedule Current Debt Breakdown(1)
Long term debt: US$ 131.3mm
Average life: 4.9 years 0.2 Other lo ng- Sho rt-term
term debt bank debt
5% 4%
Senio r
125.0 Unsecured
No tes
1.5 1.3
0.0 0.9 0.9 0.5 0.3 91%
2012 2013 2014 2015 2016 2017 2018
Bond Other Long-term Debt
Source: Company data.
(1) Assumes USD 125 million Senior Unsecured Notes issuance.
21

22. Agenda
Highlights
Company Overview & Main Crops and Trends
Financial Highlights
Conclusions & Outlook
Appendix

23. Main Conclusions and Outlook
Avocado harvested volumes from our fields are expected to be 50% higher than in 2012 (around 23,000 MT), an important
increase from the 15,168 MT in 2012, product of a combination of higher yields from old fields and the new fields moving
up the maturity curve.
Positive trend in prices in most company’s products, specially for asparagus.
Continue positive Diversification trend:
– Direct Sales up from 24% in 2011 to 27% in 2012
– Fresh sales from 52% of total sales in 2011 to 50% of total sales in 2012
– Volume from third parties up from 10% in 2011 to 23% in 2012
CAPEX Plan for 2013 of USD 13 million.
– Around 1/3 in maintenance CAPEX, 1/3 to increase operational efficiency and 1/3 in new plantations.
Strong Growth in volumes by 2015 without substantial CAPEX.
– 2012 volumes of avocado, asparagus, grapes affected by “El Niño”.
– 2013 volumes from Avocados mostly from young plantations (less affected by climactic changes)
The long term growth prospects for exotic fruits & vegetables markets are excellent.
– Specially for the fresh avocados, asparagus and grapes.
– Also for Preserved Asparagus due to China decrease in supply.
Continue to reinforce Commercial Offices in EU and US.
− Increase Direct Sales with own distribution.
In 2013, we signed an agreement with AGRICOM, one of the major fruit exporters from Chile, to jointly commercialize its
products in Europe. Such agreement will allow us to offer avocado almost year round to our clients. Among the products
we will commercialize together are avocados, grapes, citrus, blueberries, pomegranates among others.
23

24. Volume Harvested & Average Yield of avocado and asparagus
Avocado: Planted Area (Has) & Average Age of Plantation (Years) Avocado: Total Volume Harvested (000 Tm) & Average Yield (MT/Ha)
128
357 229 26.4
22.1
993 16.2
763 763 13.9
13.4
1,665
1,462 10.6 7.4
3.9 4.6
671 671 671
382
3 12
825 825 825 825 825 825
22 6
18
11 13 11
9
2008 2009 2010 2011 2012 2013E 2008 2009 2010 2011 2012 2013E
Production Expansion Old Fields New Fields
Asparagus volume harvested vs. hectares productive phase Asparagus: Total Volume Harvested (000 Tm) & Average Yield (MT/Ha)
2,634 12.4 12.4
60,000 2,634 2,634 2,633 12.2
2,516 2,516 10.0 10.2 12.3
50,000
40,000
30,000
30 35 33 33 31
20,000 34,828 26
29,855 32,803 32,637 31,075
25,738
10,000
0
2008 2009 2010 2011 2012 2013E 2008 2009 2010 2011 2012 2013E
Tot al Tns Has Old Fields Average Yield
24

25. Estimated Volume
Avocado volume
Avocado 2012 2013E
Volumes harvested (MT 000) 15,168 23,277
Third party supply (MT 000) 2,532 3,000
Volume produced KNE (MT 000) 13,911 21,019
Asparagus volume
Asparagus 2012 2013E
Volumes harvested (MT 000) 25,738 31,075
Third party supply (MT 000) 1,902 -
Volume produced KNE (MT 000) 20,356 22,865
25

26. Q&A
26

27. Agenda
Highlights
Company Overview & Main Crops and Trends
Financial Highlights
Conclusions & Outlook
Appendix

28. Largest Shareholders as of December 31st 2012
Investor Shares Percentage
1 DYER-CORIAT HOLDING, S.L 8,571,000 28.73%
2 EUROCLEAR BANK S.A./N.V. ('BA') 6,602,098 22.13%
3 ANDEAN FISCHING L.L.C 3,380,100 11.33%
4 CAMPOSOL S.A. 2,613,130 8.76%
5 FONDO DE INVERSIÓN AGROINDUSTRIAL 1,908,750 6.40%
6 WEILHEIM INVESTMENTS S.L. 1,338,913 4.49%
7 PERU LAND FARMING LLC 960,695 3.22%
8 QVT FUND V LP I 893,741 3.00%
9 QVT FUND LP 707,287 2.37%
10 DEUTSCHE BANK AG LONDON 685,008 2.30%
11 CAMPOSOL HOLDING PLC 355,372 1.19%
12 JPMORGAN CHASE BANK 265,462 0.89%
13 QVT FUND IV LP I 152,329 0.51%
14 JUSTNES REDERIAS 145,300 0.49%
15 MP PENSJON PK 137,000 0.46%
16 JAHRMANN AS 125,200 0.42%
17 BANK OF NEW YORK MELLON SA/NV 107,110 0.36%
18 CLEARSTREAM BANKING 102,108 0.34%
19 SIX SIS AG 25PCT 87,128 0.29%
20 MILLCOM NORGE AS 60,000 0.20%
TOTAL TOP 20 29,197,731 97.88%
OTHERS 636,089 2.12%
TOTAL 29,833,820 100.00%
28

29. Key company strengths
Strong fundamentals, unique competitive advantages, solid strategy, management capacity and strong
corporate governance place Camposol in a unique position in its competitive landscape.
1) Strategic location
5) Strong growth without 2) Vertically integrated,
substantial additional with presence throughout
CAPEX the entire value chain
3) Diversified portfolio
4) Global reach and world-
and leading position in its
class customers
main products
29

30. 1) Strategic location: yields, prices and agricultural risk
Highlights Major asparagus producers – 2010 yields
(metric tons per hectare)
Climatic factors in Peru provide significantly better
product yields.
10.8
Natural greenhouse conditions and stable temperatures 7.0
6.0 6.0
throughout the year: 5.1 4.9
− Humboldt current.
World
Peru Italy China Spain Germany
− Proximity to the tropical equatorial regions. (avg.)
− Little weather fluctuations.
Major avocado producers – 2010 yields
Sandy soils with drip irrigation systems along coastal (metric tons per hectare)
desert plains.
Year round supply of asparagus. 10.4
9.7 9.0 8.4
No extreme climate: 6.6 6.2
− All major agricultural risks (floods, frost, droughts)
mitigated by the stable weather conditions.
Peru Chile Mexico Colombia U.S. World
(avg.)
Peru’s climate allows Camposol to produce more efficiently all-year round, take advantage of
production windows not available to competitors, and achieve higher than average yields.
Source: FAOStat, ACM.
30

31. 1) Strategic location: yields, prices and agricultural risk
Major asparagus producers - seasonality Main producers of avocado and grapes
30 2005 2006 2007
25
000 MT per month
20
15
10
Equator
5
PERU
PERU
0
Legend
Emerging producing
USA Mexico Peru Historically producing
Year-round production cycle: Grapes and avocado have been traditionally grown and consumed in the
northern hemisphere.
– Unique production window; the only major exporting country during
the July-February period As population expanded, regions in the southern hemisphere became the
natural suppliers of these fruits.
– Efficient asparagus production compared to competing countries
– Consumers in the northern hemisphere were subject to natural
Similar climatic benefits and unique export windows also present in seasonality and harvest of these fruits, lacking adequate supply during
avocado production. a significant portion of the year.
Peruvian products expected to gain enhanced access to international Countries such as Peru now take a lead role in supplying the northern
markets through free trade agreements. hemisphere by taking advantage of a different seasonality, effectively
creating ‘year-round’ supply, and accessing the market when supply
from other regions is seasonally low.
Peru’s climate allows Camposol to produce more efficiently all-year round, take advantage of
production windows not available to competitors, and achieve higher than average yields.
Source: FAOStat, ACM, company data.
31

32. 2) Vertically Integrated, with a presence throughout the entire value
chain
1 Raw materials Processing 2
Company-owned fields Streamlined processing
– Full control over production, – Only Peruvian company with
including quality and logistics. fully integrated processing
– No dependence on 3rd process (preserved, fresh and
party production. frozen).
– All major quality and process
– Total product traceability certifications (HACCP, Global
– Higher degree of control Gap, TNC, among others).
over product quality and – Significant investments made
consistency. in optimizing plant efficiency
and reducing dependency on
skilled labor.
4 Distribution Products 3
Global customer base Focus on niche and high margin
– Long-term relationships with crops
leading retail chains in both – Producing 5 of the most
Europe and the US (private important Peruvian non-
labels). traditional exports, in three
different presentations.
Camposol’s vertical integration allows the Company to manage and benefit from each stage in the
entire production and commercialization cycle.
32

33. 3) Diversified portfolio and leading position in its main products
Main Peruvian agribusiness products
Avocado Fresh grapes Asparagus Mango Pepper
2010 Camposol market position in Peru, measured as volume produced
#1 # 10 #1 #1 #2
2010 US$ value of global imports and 2006 - 2010 global imports CAGR
$1.7bn | 23.9% $7.0bn | 11.3% $1.4bn | 5.6% $1.6bn | 16.8% $2.3bn | 22.6%
2010 Peru market share of exports and 2006 – 2010 CAGR
5.8% | 118.2% 2.9% | 87.8% 34.1% | 12.0% 7.0% | 17.0% 4.3% | 10.4%
2012 Camposol’s Gross Profit Margin
51.8% 34.9% 18.0% 12.9% 16.2%
Asparagus, avocado, pepper, mango and grapes represented ~77% of Peru’s total exports of fruits and vegetables during 2010.
− Global avocado imports have grown at 24% CAGR over the last five years.
Camposol is the largest asparagus exporter in the world, and the largest Hass avocado producer in the world.
Camposol is the leading fruits and vegetable exporter in Peru.
Source: Company estimates, International Trade Organization, Ministerio de Agricultura del Peru and press releases.
33

34. …which allows for year-round use of labor and production facilities
Gross
(1) (1)
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Sales profit
Avocado 17.2% 36.3%
Grapes 9.9% 14.1%
Green asparagus
37.2% 27.4%
White asparagus
Mango 8.0% 4.2%
Piquillo pepper 8.4% 5.5%
Shrimp 11.5% 9.3%
Tangerines + other 7.8% 3.2%
100% 100%
Total
$183.2 MM $44.9 MM
(1) Contribution to sales and gross profit as of December 31 2012.
Camposol has year-round production that allows for cost-effective use of labor and productive
resources
Source: Company data.
34

35. 4) Global Reach and world-class customers
World Class Customers Share of Sales by Continent (% ot Total)
1% 3% 7% 9%
75% 64% 56%
80%
35%
29%
24%
17%
2009 2010 2011 2012
Source: Company data
Asia Europe America
Global Presence 2012 Fresh products sold under own label: Camposol™, Andes™,
Amazonas™.
Company produces “Private Label” for major retailers.
Sales to Asia began in 2009 with Grapes (Red Globe) and continued in
2010 with Fresh Mangoes.
Growing export volume and destinations, with products reaching 33
countries in 2010 and 39 countries in 2012.
− Significant growth opportunity in avocado sales to the US.
10 year contract with Riberebro (one of Europe's leading specialists
in canned vegetables) including exclusivity on preserved asparagus
and piquillo peppers in Spain, Portugal and France.
HQ & Operations Commercial Office Exports
Camposol has a leading global distribution network with presence in the US, Europe and Asia.
Source: Company estimates, International Trade Organization, Ministerio de Agricultura del Peru and press releases.
35

36. There was a mild appearance of “El Niño” during H1 2012 which
affected volumes of this year in avocado and asparagus mainly.
Source: CLIMATE PREDICTION CENTER/NCEP/NWS and the International Research Institute for Climate and Society
36

37. “El Niño” Development
Although models have reduced their forecast on intensity, it has to be closely monitored
to determine impact in 2013 volumes.
Concensus of different models about
potential intensity of “El Niño”.
“El Niño development must be closely
followed in the next few months.
Source: Geomap Consultores
37

38. …due to 67% of planted avocado areas reaching peak production
yields by 2015.
Avocado volume sold and total hectares planted Avocado revenues and gross margin
Average price
US$ / MT: 1,630 1,680 2,260 2,210
2,488 2,488 2,616
2,278 57.8% 61.3% 66.6%
52.5%
17,611 39.9
12,301 14,096 31.1
10,047 16.3 20.6
2009 2010 2011 2012 2009 2010 2011 2012
Volume sold (MT) Total Hectares Planted Revenues (US$ mm) Gross Margin (%)
Note: Ovals represent average yearly price in US$ per Kg exported.
Total avocado hectares, by year of first harvest Camposol’s avocado average yield during life cycle(1)
Total Hectares Planted (MT / Hectares)
2015 2,616
2013
5% 2002 - 2010
9% 31% 29 30
18 18 18
825 ha 15 22 22
12
2012 671 ha 12
16 17
29% 13
763 ha 4 10
2011 229 ha 4
26% 128 ha
1 2 3 4 5 6 7 8 9 10
Actual Expected
The opening of the US market has led to a substantial increase in the average price of avocado
sold, increasing by 35% in 2011.
Source: Company Data.
(1) Yields taken from historical production of avocado in Camposol’s existing fields.
38