Welcome to India s First Multi-National Seed Company September

Welcome to India’s First Multi-National Seed Company September 2008

Advanta - A Global Company Subsidiaries of Advanta Countries where Advanta products are used

Board of Directors • • CEO of United Phosphorus Limited Managing new projects & ventures • • Graduate in Chemistry and Harvard Business School alumnus Responsible for human resource planning, purchase, commercial, marketing & production at United Phosphorus Limited • • Graduate in Agriculture, and IIM (A) alumnus in Agri-business Over 26 Years of experience in agriculture industry HARDEEP SINGH (54) Independent Director • • • Alumnus of Kellogg School of Management Ex-chairman of Cargill India Currently on the Board of Punjab Tractors Ltd VINOD SETHI (46) Independent Director • • Alumnus of IIT Bombay & Stern Graduate School of Business Served as CIO at Morgan Stanley for 12 years Dr. VASANT GANDHI (54) Independent Director • • Alumnus of IIM Amedabad and Stanford University Worked with NDDB, Stanford University, the World Bank and the International Food Policy Research Institute Currently Professor at IIM Ahmedabad JAI R. SHROFF (42) Chairman VIKRAM R. SHROFF (35) Non-Executive Director V. R. KAUNDINYA (52) Managing Director •

A World Class Advisory Board of Advanta Name Background Felipe Osorio Colombian citizen - 20 years experience with agricultural input industry in USA, Latin America and Asia – last 14 years with Monsanto – now heads Alianza TEAM in Colombia Dr. Ganesh Kishore US Citizen –former Chief Biotechnology Officer at Du. Pont Former Chief Biotechnologist and President, Nutrition Sector, Monsanto Company- 27 years experience in biotech & seed industry and inventor of major Ag traits. Sam Dryden US citizen – investor and developer of Life Sciences ventures with particular application, scale & commercialization of early stage technologies-currently Managing Director of Wolfensohn & Co focusing on private equity investments in biofuels and alternate energy technologies – CEO of Emergent Genetics LLC Jonathan Malkin US Citizen – 20 years experience in Ag germplasm – Founder & Managing General partner of ATP Capital LP, a private equity fund

Global Organization Structure Board of Directors CEO V. R. Kaundinya Business Head Vegetables Business Head Australia Strategy & Business Developme nt Business Head Thailand Business Head India Business Head Argentina Business Head NUTRISUN TBH Chris Bazley Howard Morris Pacholk Pongpanic h Sateesh Hegde Jorge Moutou s Alberto Leon Supply Chain Head Research Head Ravi Reddy Alan Scott Chief Financial Officer Manoj Gupta HR Head PM Nanjap pa International Regional Business Managers Legal Head Jocelyn Davey

Our Geographies • We have operations in 4 continents & 5 countries • Our exports go into 25 other countries Country-wise Contribution 2008 Country % Australia 26 India 25 International 16 Thailand 12 Argentina 11 USA 10 Total 100

Our Core Crops Global : Sorghum, Sunflower, Tropical Corn and Vegetables Regional : Rice, Cotton and Brassicas Crop-wise Contribution 2008 % Sorghum 29 Sunflower 21 Vegetables 18 Corn 13 Canola 11 Others Total 08 100

Success Strategy Germplasm • Depth • Variety Breeding Program Biotechnology • Traits • Molecular Markers • Techniques • Quality • Experience Research & Development + Production, Brand & Distribution

Convergence of Technologies Genetic Potential Demand + Available Land + levels & Increasing income Growing Awareness Cost Effectiveness Yield + Preservation of Yield Characteristic Output Traits Optimum use of resources - Water - Nutrients - Land - Manpower Technology Desired Characteristics - Quality

Sorghum in Advanta • Currently the largest crop in Advanta • Total tonnage about 20000 tons • USA, Argentina and Australia contribute 25% each • Major breeding programs in USA, Australia and Argentina • Molecular marker facility • Recently entered US markets through Garrison & Townsend acquisition • Bio-energy initiative launched with sweet sorghum

Sunflower in Advanta • Currently the second largest crop in Advanta • Total tonnage about 5500 tons • Argentina (40%) and International (30%) : major contributors • Major breeding programs in Argentina, Australia and India • Molecular marker facility in Argentina • Nutrisun project

Nutrisun Breakthrough Non Genetically Modified technology in Sunflower Hybrids developed by Advanta • Combines mutagenesis, plant breeding and molecular marker know-how • • Sunflower hybrid seed products with a highly beneficial oil profile Fatty acids in SUNSAT oil (stearic, oleic and linoleic acids) have the propensity to lower “bad” cholesterol (LDL) and to be neutral or increase “good” cholesterol (HDL) • Solid fat at room temperature • Global application with full control of the intellectual property Currently under the pre-commercial stage • Extremely favourable reaction from major food producers across the world • Hybrids are currently being produced in Argentina Commercial introduction expected by 2009 Nutrisun is expected to find application in margarines, spreads, frying oil, cooking, baking, confectionery, and cocoa butter alternatives

Corn in Advanta • Total tonnage about 9000 tons • India contributes 40% & Thailand 20% • Major breeding programs in Thailand, India and Australia • Molecular marker facility • Expansion planned in Latin American markets • BT Corn introduction in Argentina • 2 new hybrids registered each in Indonesia and Brazil

Rice in Advanta • Strong product portfolio in India - PAC 801 & PAC 832 well accepted in the market - Swarna -1 & Swarna -2 launched last year - Pac 807, PAC 809 & PAC 837 launched in 2008 • PAC 807 registered in Vietnam • Registration trials initiated in Indonesia, Philippines, Bangladesh, Burma and Pakistan • Research facilities established in Vietnam & Indonesia • Member of the IRRI’s HRDC Consortium

Advanta had an eventful year 2007 • First full year of operations since acquisition by UPL • Now a 100 M$ company • Successful IPO • Significant organizational changes • 3 acquisitions • First entry into vegetables sector • First sale of transgenic crops: corn & cotton • Hybrid Mustard introduction in India • Enhanced research investments • Excellent growth in all markets • Nutrisun on its way to 2009 launch: - Two MOUs signed during the year • Major progress with China, US and Brazil

Advanta : Acquisitions Completed FIVE acquisitions in last two years Company Country 1 Longreach Australia Wheat 2 Golden India 3 4 5 Crop Vegetables From Syngenta Promoter s Unicorn India Vegetables Promoter s Garrison USA Sorghum Promoter Townsend s Acquired Sunflower business from Limagrain In USA Total investment of 65 M$

Financials

Financials Promoter 59. 94% NRIs / OCBs 6. 03% Indian Public 4. 10% Mutual Funds / UTI 4. 70% Foreign Institutional Investors 21. 90% Bodies Corporate 3. 22% Debt – Equity Ratio

Financials CONSOLIDATED FINANCIAL HIGHLIGHTS AT A GLANCE FOR LAST 2 YEARS Rs. in Millions Jan - Dec 2006 Jan - Dec 2007 Sales/ Income from Operations 2916. 3 4242. 4 Total Income 3217. 0 5131. 3 Earnings Before Depreciation, Interest, Amortization and Tax (EBDITA) 793. 0 818. 8 EBDITA (Excluding Extra – Ordinary Items) 560. 0 818. 8 Profit after Tax and Minority Interest 483. 9 453. 8 Gross Fixed Assets 4620. 1 5990. 6 Net Fixed Assets 3950. 5 5221. 9 Net Worth 1099. 6 4532. 7 Diluted Earnings Per Share of Rs. 10/- 29. 0 28. 17 Book Value Per Share 130. 9 269. 25 Debt - Equity Ratio 3. 94: 1 0. 70: 1 16. 9 11. 0 Accounting Year Net profit / Sales (%)

Financials

Advanta : Biotech Traits Access Company Country Crop Traits 1 Monsanto Australia & Argentina Canola & Corn Roundup. Read y & Yield. Gard 2 Nath/Chinese India Cotton Fusion Bt 3 BASF Australia , Thailand & Argentina Canola, Corn & Sunflower Clearfield

Sweeping Changes in the world The World of agriculture is undergoing major changes • Biotechnology Traits • Value Added Crops • Value transfer between agrochemicals and seeds • Global Consolidation of industry • IP protection laws Technologies that are likely to come to India in the next ten years • Herbicide Tolerance • Drought Tolerance • Nitrogen Use Efficiency • Healthy Oils • Higher Yield • Feed Nutrition enhancement

Value Transfer into Seed Human Health Water & Soil Nutrients Crop Chemicals Animal Nutrition SEEDS

Challenges for Agri Input Industry • Increased seed prices due to enhanced value • Enforcement of new IP Laws • Delivery of product to farmer (Channel) • Value Capture • Contract farming models • Consolidation in industry • Technology Stewardship - Stakeholders’ education on new technologies - Management of risk for farmer - Procurement system & trait tracking

Advanta has a Promising Agenda for 2008 • Expected revenue growth of 35% • New products: RR Canola in Australia • New geographies: Brazil, China, US, Indonesia • Nutrisun to forge commercial links • Global supply chain function • Expansion of Vegetable seed business • Bioenergy project with sweet sorghum • Biotech investments • Exploring Synergies with UPL in India and some other countries

Future Business Strategy Continue investment in breeding and Technology International Expansion : Asia / Latin America / CIS Leverage low cost strengths of India in production and research Selective acquisitions in core crops and geographies Regional Business Growth driven by Select Crops

THANK YOU