Bunge Sugar & Bioenergy OTC Pricing Solutions Bangkok, 20 th - PowerPoint PPT Presentation

Bunge Sugar & Bioenergy OTC Pricing Solutions Bangkok, 20 th September 2010.

Forward ­ Looking Statements Today’s presentation includes fo Today’s presentation includes forward-looking statements that rward-looking statements that reflect Bung reflect Bunge’s current views with re e’s current views with respect to future events, financial spect to future events, financial performance and industry conditions. These forward-looking statements performance and industry conditions. are subject to various risks and uncertainties. Bunge has provided additional information in its reports on file with the SEC concerning factors that could cause actual results to differ materially from those contained in this presentation, and encourages you to review these factors. 2

Agenda •About Bunge •Supply & Demand Updates •OTC Pricing Solutions

We Are a Leading Global Agribusiness & Food Company KEY FACTS CAPITAL INVESTMENT PLAN Employees: 37,000 Sugar & Agribusiness Bioenergy Facilities: 400+ 45% 30% Countries of Operations: 30+ Food & Ingredients Fertilizer 15% 10% Agribusiness Sugar & Bioenergy Fertilizer Food & Ingredients • Retail fertilizer in Brazil • A leader in oilseed processing • Leading producer of consumer • 20 MMT sugarcane milling bottled oil brands in South • A leader in global grain and • Fertilizer operations in capacity producing sugar, ethanol America, Europe and Asia Argentina and the U.S. oilseed marketing and electricity • Leading supplier to food service • 50% stake in JV with OCP in • #2 in global trade #2 in global trade and d distribution distribution companies and food processors Morocco in North America • Leading corn and wheat miller in the Americas 4

Bunge has operated in agribusiness for over 190 years In Brazil, purchases Moema: adding 5 new sugarcane mills Purchases edible oils company Walter Rau in Builds largest US soybean Germany crushing and refining plant Establishes Opens first soybean operations in processing plant in China Argentina to Moves trade grain Makes first export of JPG Bunge headquarters to soybeans from Brazil founds US and creates Bunge & Co. international in Starts business marketing unit Amsterdam Builds first soy in North America processing plant in US 2010 1859 1905 1938 1967 1997 1999 2002 2007 2009 1884 1918 1945 70s & 80s 1998 2001 2005 2008 1818 Purchases Santa Juliana sugarcane mill in Brazil Enters Brazilian fertilizer market with purchase of Serrana Purchases Cereol and becomes the world’s In Brazil, largest soy processor purchases soy Expands into processor Ceval Begins building Brazil and and begins an export enters the Goes public on acquisition of terminal in the wheat milling NYSE and becomes new fertilizer U.S. Pacific Relocates to business Argentina’s leading brands Northwest and a Antwerp to trade Diversifies along the food agribusiness crushing plant in 5 commodities production chain company in Vietnam

Sugar and Bioenergy fits with our capabilities • Build global footprint and leverage commercial, logistics and risk management expertise over larger volumes and more products Oilseeds & G eeds & Grains rains ment nagement Fer Fertil ilizer izer g & Marketing & on ribution essing Processing ation stics Originatio stributi Food & Ingredients Food & Ingredients Logist Risk Mana Market Origin Log Sugar & Bioenergy gar & Bioenergy Dist Di Palm Palm Ris Other Othe Expert Expertis ise Current V Curren t Value lue Chain Chains Future Va Valu lue Ch Chain ains 7

Sugar & Bioenergy: Mission • To become a leading global, fully integrated and flexible player in Sugar & Bioenergy, leveraging existing Bunge expertise and assets 9

We are building the business through greenfield investments and acquisitions Acquired Moema: Acquire Moema:  5 mills wit 5 mills with 13.7 mmt 13.7 mmt of f capacity capac ty Expands Bu Expa nds Bunge nge to total tal  capac capacity to ty to 20mmt 0mmt Raised dedicated Raised dedicated  fundin fu ing to e to expand pand Suga gar & Bioenergy r & Bioenergy  Acquired 60 Acquire 60% stake i % stake in Monte Verde suga onte Verde sugarcane ane mill mill  Acquired Tat Acquired Tate & Lyle & Lyle Acquire Acquired Santa Julia Santa Juliana a  suga gar t r trading & ing & mill (1st mill (1st ass asset) t) mer merchandi ndizing bu ing busine siness ss Started dev Started development of lopment of   Annou Announced J ced JV with with Pedro Alfons ro Alfonso mill o mill Itochu in Santa Juliana Itochu in Santa Julia a and P d Pedro Afonso o Afonso Starte Started s d sugar tr tradi ading & & merchandising merchandising operation operation 2005 2005 2006 2006 2007 2007 2008 2008 2009 2009 2010 2010 10

Bunge has established a strong production base in Brazil with capability to double production at existing mills Expected Evolution of Bunge Sugarcane Milling Capacity Expected Evolution of Bunge Sugarcane Milling Capacity (million metric tons of cane) (million metric tons of cane) 45 Bunge 40 Moema TO BA 35 MT Combined 30 Potential DF 25 20 MG MS 15 ES Vitória 10 RJ 5 PR Santos 0 Paranaguá 2009 2010 2011 2012 2013 2014 2017 2009 2011 2020 2010 2012 2014 2013 Original Bunge Mills (existing or under construction) Moema Mills 9

Bunge Sugar & Bioenergy Asset Profile ­ 2010 • Number of Mills: Number of Mills: 8 (all in Brazil) • Milling Capacit Milli ng Capacity: y: 20 million mt • Potential Expanding Capacity Potentia l Expanding Capacity of Existing Mills (2020): of Existing Mills (2020): ~ 40 million mt • Product Production Flex on Flexibilit ibility: y: Sugar 35-40% / Ethanol 65-60% • Cogener Coge neration Available f tion Available for Sale (forecast): or Sale (forecast): 205 GWh • Harvesting Mechanization Level: Harvesting Mechanization Level: 86% • Cane Supply: Cane S pply: ~ 55% from leased land ~ 45% from 3 rd Parties

Sugar & Bioenergy Footprint • Trading & Distribution Trading & Distribution - Large and efficient origination books in Brazil and Thailand - Preferred supplier of quality raw sugars to refineries around the world - Increase refined/white sugar trading • Future Possibilities Future Possibilities - Acquire minority stakes in destination refineries and logistics/port facilities in key destination markets (MENA/INDIA/RUSSIA) - Niche market opportunities: EU Tolling, Blends • Value Beyond Sugar Value Beyond Sugar - Risk Management Capabilities: pricing solutions using exchanged traded and OTC derivatives - Logistics Capabilities

Agenda •About Bunge •Supply & Demand Updates •OTC Pricing Solutions

Expected Surpluses in 2010/11 and 2011/2012 Global Sugar S&D including Surplus/Deficit Pr Produc oduction tion Ch Chan anges s 190.0 15.0 09/10 to 10/11 09/10 to 10/11 185.0 • CS Brazil 28.7 to 34.5 10.0 180.0 • India 18.7 to 24.3 174.6 175.0 M M T (Raw V alue) M M T (Raw V alue) 171.2 • China 10.7 to 12 170.8 170.8 5.0 170.0 166.7 • Russia 3.2 to 2.9 163.7 163.3 165.0 0.0 • Thailand 6.9 to 6.6 161.7 • Australia 4.2 to 4.3 160.0 155.1 (-5.0) 155.0 150.3 150.0 (-10.0) 145.0 140.0 (-15.0) 2007/08 2008/09 2009/10-E 2010/11-F 2011/12-F Global Production Global Consumption Surplus/Deficit

Surpluses build up will be relatively small Annual Surplus (Production - Consumption) in MTRV 15 12.1 9.1 10 7.7 4.4 5 3.7 0.1 - -0.7 -1.4 -2.6 -3.3 -3.3 -5 -5.3 -8.5 -10 -13.0 -15 2000/01 2001/02 2002/03 2003/04 2004/05 2005/06 2006/07 2007/08 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14 • Weather playing a major role: dry weather in Brazil, Thailand and Russia. Floods in Pakistan.

Return to deficit in 2012/13 and 2013/14 Return to deficit in 2012/13 and 2013/14 Annual Production Consumption in MTRV 190 Production Consumption 180 177 180 175 175 172 171 171 171 168 170 167 163 164 162 160 156 155 151 150 148 147 150 144 143 142 140 130 120 2002/03 2003/04 2004/05 2005/06 2006/07 2007/08 2008/09 2009/10 2010/11 2011/12 2012/13 • Limited production growth potential associated with logistics limitation in Brazil • Stable demand growth, mainly in Asia region

Brazil Crop Update Brazil Production (in MMT) 45 39.0 39.0 38.8 40 36.7 35 33.0 31.6 30.9 29.9 30 26.7 25.8 24.9 25 22.5 19.2 20 16.2 15 10 2000/01 2001/02 2002/03 2003/04 2004/05 2005/06 2006/07 2007/08 2008/09 2009/10 2010/11 2011/12 2012/13 2013/14 • Extremely dry weather favourable Extremely dry weather favourable for harvest for harvesting. Production records. Stock b ing. Production records. Stock build up. ild up. • Will miller Will millers e s end cr d crop sooner tha op sooner than e expected? Or pected? Or harvest immature cane due to high prices? harvest immature cane due to high prices? • Sep-Dec rain c rain critic critical to to d determin terminate n ate next y xt year cro ar crop 16