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Annual General Meeting. Forward-looking Statements.
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Forward-looking Statements The contents of this presentation contain statements that may constitute “forward-looking statements” within the meaning of applicable securities legislation. Forward-looking statements may include financial and other projections, as well as statements regarding future plans, objectives or economic performance, or the assumptions underlying any of the foregoing. Forward-looking information involves significant risks, assumptions, uncertainties and other factors that may cause actual future results or anticipated events to differ materially from those expressed or implied in any forward-looking statements and accordingly, should not be read as guarantees of future performance or results. Actual results, performance or achievement could differ materially from those expressed in, or implied by, any forward-looking statements made and, accordingly, investors should not place undue reliance on any such forward-looking statements. New factors emerge from time to time, and it is not possible for management to predict all of such factors and to assess in advance the impact of each such factor on Migao’s business.
A Different Kind of Fertilizer Producer… Specialty Fertilizer Production (low-chloride) Potassium Sulphate (SOP) Potassium Nitrate (NOP) Specialty Compound NPK + micronutrients and minerals Serving China’s High-value Crops Fruits, Vegetables, Tobacco, Cotton, Flowers 3
OUR VALUE PROPOSITIONMigao Enables Improved Crop Yields and Quality Customer Applications Products Advantages Three core products High-value crops including • Increases yield • Enhances quality • Strengthens resistance to drought, disease • Lowers water usage • Higher returns for farmers • Potassium sulphate (SOP) • Potassium nitrate (NOP) • Specialty NPK • Tobacco • Fruits • Cotton • Flowers • Vegetables Co-products • Electroplating • Steel processing • Water treatment • Ammonium chloride • Hydrochloric acid
Impact of Hydrochloric Acid Gross Profit (Percentage of Revenue)
1. MARKET LEADER A Leading Player in Our Markets Supplier of potassium nitrate (NOP) in China Supplier of potassium sulphate (SOP) in China Importer of potash into China #1 #2 #3
Facilities Serve Diverse Geographies / End Markets Changchun Migao Liaoning Migao Tianjin Migao Shanghai Migao Sichuan Migao / SQM JV Zunyi Migao Guangdong Migao Yunnan Migao 14
Strategy 1 Continue to focus on core fertilizer business in China • Increased sales and marketing 2 Hydrochloric Acid • Explored applications, markets • Patience 3 Leverage customers and distribution channels • new products 4 Manage balance sheet effectively
Yunnan Migao 16
Yunnan Migao 17
Yunnan Migai 18