Dekel Agri Vision : Interim Results Presentation 2020

An established West African focused agricultural company

Dekel Agri-Vision Limited : 2020 Interim Results	1
Presentation

DISCLAIMER

This presentation has been prepared by DekelOil Public Limited (the "Company"). By attending this presentation and/or reviewing the slides you agree to be bound by the following conditions.

The information and opinions contained in this presentation have not been independently verified, are provided as at the date hereof and are subject to amendment, revision and completion without notice. No person is under any obligation to update or keep current the information contained in this presentation. No representation, warranty or undertaking, expressed or implied, is made by the Company, its advisers or representatives, or their respective officers, employees or agents as to, and no reliance should be placed on, the fairness, accuracy, completeness, correctness or reasonableness of the information or the opinions contained herein. The Company, its advisers or representatives, or their respective officers, employees and agents expressly disclaim any and all liability which may be based on this presentation and any errors therein or omissions therefrom.

This presentation does not constitute or form any part of, and should not be construed as, an offer to sell, or an invitation or solicitation or recommendation to purchase, or subscribe for or underwrite or otherwise acquire any securities in the Company in any jurisdiction and does not constitute or form part of a prospectus. No part of this presentation should form the basis of, or be relied on in connection with, or act as any inducement to enter into, any contract or commitment or investment decision whatsoever.

This presentation should not be considered as the giving of investment advice by the Company or any of its shareholders, directors, officers, agents, employees or advisers. Each party to whom this document is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. If you are in any doubt in relation to these matters, you should consult your stockbroker, bank manager, solicitor, accountant, taxation adviser or other independent financial adviser (where applicable, as authorised under the Financial Services and Markets Act 2000).

This presentation contains certain statements that are neither reported financial results nor other historical information. These statements include information with respect to the Company's financial condition, its results of operations and businesses, strategy, plans and objectives. Words such as "anticipates", "expects", "should", "intends", "plans", "believes", "outlook", "seeks", "estimates", "targets", "may", "will", "continue", "project" and similar expressions, as well as statements in the future tense, identify forward-looking statements. These forward-looking statements are not guarantees of the Company's future performance and are subject to assumptions, risks and uncertainties that could cause actual future results to differ materially from those expressed in or implied by such forward-looking statements. Many of these assumptions, risks and uncertainties relate to factors that are beyond the Company's ability to control or estimate precisely and include, but are not limited to, the general economic climate and market conditions, as well as specific factors including the success of the Company's research and development and commercialization strategies, the uncertainties related to regulatory clearance and the acceptance of the Company's products by customers.

For further details regarding these and other assumptions, risks and uncertainties that may affect the Company, please read the Admission Document of DekelOil Public Limited. In addition, new factors emerge from time to time and the Company cannot assess the potential impact of any such factor on its activities or the extent to which any factor, or combination of factors, may cause actual future results to differ materially from those contained in any forward- looking statement. Except as may be required by law or regulation, the Company undertakes no obligation to update any of its forward-looking statements, which speak only as of the date of this document.

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COMPANY OVERVIEW

Building a leading West African Agricultural Company

AIM traded multi-project,multi-commodity agricultural company focused on Cote d'Ivoire

Collaborative model centred on working closely with local communities to build vertically integrated operations processing produce grown by local farmers:

• Accelerates generation of first revenues

• Reduces CAPEX requirement

• Benefits local communities

Defined development path led by a strong board with a proven track record

Dekel has continued to operate with relatively minimal disruption from COVID-19, whilst at all times adhering to government advice and guidance.

Three core projects in Cote d'Ivoire at various stages of development:

Palm Oil

• Ayenouan: produced over 175,000 tonnes of crude palm oil over five years

Cashew

• Tiebissou: initial 10,000tpa cashew processing project capable of generating annual revenues of over US$20m

• Plan to scale up to 30,000tpa - potential annual revenues of US$50-60m

Projects in Feasibility

• Third Agri commodity in detailed feasibility

• 30+MW Biomass and solar project in feasibility

• Proceeding cautiously due to Covid-19

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CORPORATE

Half Year Production - 2019/2020

	H1 2020	H1 2019	Change
FFB collected (tonnes)	106,188	131,917	-19.50%
CPO production (tonnes)	23,882	28,934	-17.46%
CPO Sales (tonnes)	23,906	26,702	-10.47%
Average CPO price per tonne	€602	€505	19.21%
PKO production (tonnes)	1,715	1,896	-9.55%
PKO Sales (tonnes)	1,002	1,539	-34,93%
Average PKO price per tonne	€628	€589	6.60%
PKC production (tonnes)	2,683	2,525	6.26%
PKC Sales (tonnes)	2,690	2,274	-18.30%
Average PKC price per tonne	€60	€55	9.09%

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