Preliminary Results 2016 Annual General Meeting …

1 Preliminary Results Annual General 2016 . Meeting 28 September 2016 . 24 November 2017 . Forward-Looking Statements This presentation contains forward-looking statements. These statements have been made by the Directors in good faith based on the information available to them up to the time of the preparation of this presentation. Due to the inherent uncertainties, including both economic and business risk factors underlying such forward-looking information, actual Results may differ materially from those expressed or implied by these forward-looking statements.

2 The Directors undertake no obligation to update any forward-looking statements contained in this presentation, whether as a result of new information, future events or otherwise. 2. 2017 Highlights & Business Overview 3. 2017 Performance Summary & Highlights Underlying Group Operating Adjusted Volume Operating Net Debt ROCE Dividend Profit EPS. Growth Margin + final + (rc1) +20bps + (rc1) +10bps total + (ucc1) + (ucc1). Solid full year result ahead of guidance Strong underlying performance more than offsetting the impact of adverse currency translation Good volume growth with improved margins More stable near-term planning environment for primary producers Dedicated research partnership and digital services acquisition enhance crop technology transfer capabilities Completion of acquisition of fertiliser blending and nutrition business of Bunn Fertiliser in UK in August 2017 .

3 Final dividend of proposed, giving total dividend of ( 2016 : ). 1 rc denotes reported currency; ucc denotes underlying basis at constant currency 2 Represents underlying volume growth in agronomic services and inputs (excluding crop marketing volumes) 4. 2017 Agri-Services in Overview Key Facts, Customer Channel and Geography 46,000 Customers Customer Channel1. 670 Sales Force Revenue EBIT Direct Farm Business-to-Business Direct Farm Ha Customer Footprint 56% | 44% 55% | 45%. 108 Distribution Points Geography1.

4 Input Formulation &. 28 Processing Facilities Revenue EBIT. Ireland / UK. 75 Demonstration Farms Continental Europe 62% | 38% 76% | 24%. 60,000 Trial Units 1 Excluding associates and joint venture 5. Agri-Services The Business Service Application and Gross Margin Profile 2017 2017 . Revenue Gross Margin 59% | 14% | 6% 51% | 23% | 11%. 2% | 19% 7% | 8%. Combinable Crops Grassland Crop Protection Nutrition Roots & Veg Amenity Seed Amenity Feed / Other Feed / Other 6. Trading Review 7. 2017 Market Overview Cautious Sector Sentiment Against More Stable Near- Term planning Environment Global Market Place Primary Producers On-Farm Service Providers Cumulative impact of elevated Weak domestic currencies Sustained period of lower grain and oil seed production support improved cash flow and returns constrain more sustains weak underlying output returns on high performing fragmented distribution prices farms channels Global grain stocks expected to Cost inflationary trends evident Emphasis

5 On technical reduce due to lower 2017 crop with renewed focus on input differentiation and service production area in northern investment and return extension to sustain value add hemisphere Consolidation, on-farm Heightened focus on risk and Continuing consolidation trend technology enablement and management of working capital of input technology providers labour shortages are increasingly and crop output originators centre stage 8. Agri-Services Trading Review Ireland & the UK. 2017 2016 Change Underlying2.

6 Year ended 31 July 'm 'm % %. Revenue 1, ( ) Operating profit 1 Operating margin 1 50bps - Underlying volume growth of Sterling depreciation and tighter global dairy markets provide support to farm incomes Improved margins in highly competitive trading conditions reflecting favourable business & channel mix Speciality nutrition and high service agronomy channels perform well Amenity performs well supported by momentum within professional sports turf channel and bolt on acquisition development Favourable demand backdrop supports satisfactory

7 Performance within Feed 1 Before amortisation of non-ERP intangible assets and exceptional items 2 Excluding currency movements and the impact of acquisitions 9. Agri-Services Trading Review Continental Europe1. 2017 2016 Change Underlying3. Year ended 31 July 'm 'm % %. Revenue Operating profit 2 Operating margin2 (50bps) - Underlying volume growth of Highly competitive market backdrop Poland : Delayed spring seasonal activity slows service and input demand Romania: Growth in core sales channels drives strong performance Nutrition portfolios achieve good growth Ukraine.

8 Good year-on-year profit improvement Soil fertility and seed technology applications perform well 1 Excluding crop marketing revenues, volumes and operating profits 2 Before amortisation of non-ERP intangible assets and exceptional items 3 Excluding currency movements and the impact of acquisitions 10. Development & Strategy 11. Rotation planning Straw Management Yield Potential Deep Cultivation Shallow Cultivation Weed Management Lime Application Soil Organic Matter application Variety Choice Seed Dressing Seed Rate & Row Spacing Weather Starter Fertiliser Drilling: Date, Depth, Limiting Factors: Cultivation Pre-emergence Treatment Post Emergence and Building Strong Farm Linkages Treatments: Disease Pest & Disease & Pests P, K, Mg Applications 1st Nitrogen &.

9 Sulphur Application T0 Spray: Nutrition &. Basis of our Competitive Advantage Protection Mid-Season Our Focus is Service, Crop Technology Transfer Nitrogen/Sulphur T1 Spray: Nutrition &. Protection Time Sensitive In-Field Crop Management Decisions Final Nitrogen T2 Spray: Nutrition &. Protection Pest Treatment T3 Spray: Nutrition &. Protection Liquid Urea Protein Boost that deliver sustainable economic returns through maximising the genetic potential of their crops Pre-Harvest Treatment Harvest Using multiple data sources we leverage our agronomy expertise to support farmers and growers make decisions 12.

10 The Role of Data and Digital Significant Innovation Drives Taking Place in Digital Related Agri-Technologies Developments in digital data and digital intelligence are significantly influencing farming practice Uptake will intensify, leading to greater: Accuracy of application Autonomous real-time analysis Decision support software, etc. Resulting in: A more strategic and data led view of agronomy decision making A growing demand for innovative, service orientated delivery models Digital is transforming how agronomists interact with farmers: A greater reliance on digital intelligence to support agronomists in-field 13.