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Institutional Presentation

Disclaimer This presentation may contain forward-looking statements which are inherently difficult to predict. Actual results could differ materially for a variety of reasons. Forward-looking statements speak only as of the date they are made and the Company does not assume any obligation to update them in light of new information or future developments. This material is published solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. Likewise it does not give and should not be treated as giving investment advice. It has no regard to the specific investment objectives, financial situation or particular needs of any recipient. No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein. It should not be regarded by recipients as a substitute for the exercise of their own judgment. Certain percentages and other amounts included in this document have been rounded to facilitate its presentation. Thus, numbers presented as total in some tables may not represent the arithmetic sum of the numbers that precede them and may differ from those presented in the financial statements. 2

Table of Contents I. Camil Alimentos Overview II. Key Investment Thesis III. Key Takeaways Appendix A. Financial Highlights B. Industry Highlights C. Selected Comparable Companies

Section I Camil Alimentos Overview

Purpose and Values Our Purpose We believe that each person can make a difference in others lives and we exist to nurture relationships that bring more flavor to the everyday life. Our Values Trust We honor our commitments with seriousness and discipline. We value transparency in our relationships, and for that, we aim to gain respect and trust. Entrepreneurship We believe in those who dream with the effort and courage of who realize their dreams. This is the driving force for entrepreneurship and growth with profitability. Enthusiasm We express joy, vitality and energy in our everyday life. Therefore, we inspire people. Responsibility We prioritize ethics and high quality standards in everything we do. This way we seek to ensure the sustainability of our business and of the environment, going beyond results. Proximity We build strong partnerships as a way of establishing deep lasting relationships with all stakeholders: consumers, customers, employees and suppliers. 5

Camil’s IPO Camil successfully completed its Initial Public Offering on September 2017 IPO Highlights Ownership Structure As of January, 2019 R$9.00 / share Priced on September 26, 2017 Free float 41.0 million ONs 29% Treasury Camil stocks Investimentos Primary Offering 1% 56% Management and controlling 86.5 million ONs shareholders 5% Warburg Pincus Secondary Offering 9% R$1.2 billion Camil is listed on B3’s Offering Size Novo Mercado segment, the highest level R$357.0 million of corporate governance Net proceeds from Primary Offering 6

Camil at a Glance Founded in 1963, Camil is a leading food company in Latin America with a diversified portfolio of several brands in rice, beans, sugar and canned fish Leadership positioning in all segments and countries in which it operates, Camil is one of the largest food companies in LatAm Highlights Processing and Distribution Platform¹ , ³  Leading position in all operating markets – #1 processor and distributor of rice in Brazil (Camil brand) – #1 processor and distributor of rice in Uruguay (Saman brand) – #1 processor and distributor of rice in Chile (Tucapel brand) – #1 processor and distributor of rice in Peru (Costeño brand) – #1 player in refined sugar in Brazil (União brand) (Peru) – #2 player in the canned sardine and #2 in the canned tuna market in Brazil (Coqueiro and Pescador brands)  21 processing facilities and 18 distribution centers distributed throughout Grains Processing Facilities: 21 (8 1 in Brazil) LatAm, with operations in 4 countries (Chile) Fish Processing Facilities: 1  Reaches more than 20,000 direct and 285,000 indirect sales points in Sugar Packaging Facilities: 4 1,2 (Uruguay) Brazil Distribution Centers: 18 (8 in Brazil) Rice Producing Regions  Exports to more than 50 countries Beans Producing Regions Financial Highlights (R$mn) Shareholder Structure² (%) LTM 2015 2016 2017 3Q17 3Q18 3,4 Camil Net Revenues 4,229 4,948 4,663 4,809 4,533 Free Float Investimentos Growth YoY 15.0% 17.0% -5.8% n.a. -5.7% Gross Profit 1,034 1,221 1,151 1,154 1,184 60.6% 8.6% 5.1% 29.3% Margin 24.5% 24.7% 24.7% 23.8% 26.1% EBITDA 423 547 490 468 487 Margin 10.0% 11.1% 10.5% 9.7% 10.8% Net Income 111 202 251 193 339 Margin 2.6% 4.1% 5.4% 4.0% 7.5% Net Debt 998 1,014 571 743 925 Net Debt / EBITDA 2.4 x 1.9 x 1.2 x 1.6 x 1.9 x Notes: (1) Santa Cruz plant produces both rice and sugar; considers both plants operated by Raízen (2) Shareholder Structure ended on January, 2019; Camil Investimentos includes Quartiero’s participation as individual holders; Free float excludes shares on treasury, related parties and Warburg Pincus (3) Data does not include SLC Alimentos, acquisition concluded on December 3, 2018 7 (4) 3Q18 EBITDA and Net Income includes non-recurring events. Excluding this effects, 3Q18 LTM EBITDA reached R$436mn (9.6% margin) and Net Income of R$245mn (5.4% margin)

Timeline Present for more than 50 years in the Brazilian everyday life, Camil grew in South America grains segment and expanded its portfolio into new categories Camill’s Acquisition of canned fish IPO and Costeño Acquisition of Acquisition of the brand Acquisition of sugar Acquisition of Acquisition of SLC Alimentos Bom Maranhense in Peru category in Argentina 2017 2018 2010 2011 2012 2013 2014 Logistics expansion: new Acquisition of Rio subsidiaries in North and Acquisition of Acquisition of Acquisition of Camaquã Grande plant Northeast regions in Uruguay in Chile plant in RS 2009 2008 2007 2005 2002 Pioneer in distributing packed rice (migration Acquisition of SAMAN from rice in bulk) Brazil in Pernambuco Foundation, in the city Beans Inauguration of the commercialization of Itaqui-RS distribution center in SP 1963 1974 1975 1987 2001 60’s: Foundation 80’s: Organic Expansion 90’s: Professionalization 2000’s: Acquisitions / International Expansion 2017/2018: Recent Transactions 8

Product Portfolio Complementary product portfolio composed of high value added items Main products across the segments that Camil operates Grains - Brazil Grains - International Core Biscuits Value added Value added Sugar Fish 9

Diversification across 3 products categories Business Divisions Overview Brazil 1 Uruguay Chile Peru Grains Sugar Fish Grains Main Brands Rice Beans 2 nd 2 nd 1 st 2 nd 1 st Market Share 1 st 1 st 1 st 43% 6 23% 6 9% 2,3 7% 2,4 32% 5 48% 7 33% 8 33% 9 Sardine Sardine Tuna 47% Sardine Top of n.a. 50% 72% 60% 83% 37% Tuna Mind 10 Net Revenue R$3.1 bn R$1.4 bn LTM 3Q18 (69% of total Camil) (31% of total Camil) (Nov-18) EBITDA R$315 mm R$172 mm LTM 3Q18 (65% of total) (35% of total) (Nov-18) Facilities 8 4 1 7¹¹ 2 3 (# plants) Notas: (1) Market shares referring to total Camil Company brands; (2) Market share Camil + SLC Alimentos; (3) Nielsen Retail Index for Rice Aug18-Sep18; (4) Nielsen Scantrack Index for Beans Aug17-Sep18; (5) Nielsen Scantrack Index for Sugar Aug18-Set18; (6) Nielsen Scantrack Index for Sardine and Tuna Aug18 – Sep18; (7) Uruguay: Market share local market + exports - Consecha Comision Sectorial del Arroz 2016/17. Local market only market share = 42% (#2 player); (8) Nielsen 10 Scantrack Chile Jun17-Aug18; (9) Kantar Worldpanel Peru Aug18-Sep18; (10) Top of Mind Camil Ipsos, Jan19; (11) Data does not include Arrozur’s plant in Uruguay; Company which Saman has 49% share.

Solid Business Model with Stable and Resilient Margins Despite the slowdown in the Brazilian economy, Camil posted solid results maintaining EBITDA margin over +10% Camil: Net Revenue (R$mm) Net Revenue by Segment (R$mm) 26% Even in a challenging environment, 25% 25% 25% 24% Camil was able to post double-digit 4.948 23% growth, maintaining profitability 4.663 4.393 4.229 4.948 3.582 3.676 4.393 4.663 4.229 1.265 3.676 2.776 3.582 1.332 1.467 1.294 942 1.075 1.784 1.513 1.313 1.407 CAGR+13% 3.683 3.331 3.216 2.935 2.640 2.601 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 LTM 3Q 2013 2014 2015 2016 2017 LTM 3Q 2018 2018 Food Products Brazil Food Products International Gross Margin EBITDA Evolution (R$mm) Net Profit Evolution (R$mm) 09% Excluding non-recurring events, 8,3% 27% 26% 25% 25% 25% 24% 24% 24% LTM 3Q18 Net Income reached 23% 23% 23% 08% R$245mn (5.6% margin) 07% 12% 12% 11% 11% 11% 10% 11% 10% 10% 10% 09% 5,4% 5,4% 364 06% 4,9% 547 514 05% 4,1% 490 4,1% 4,0% 3,8% 251 423 3,5% 04% 375 361 2,9% 202 2,6% 315 03% 137 124 209 111 105 169 02% 142 74 123 71 58 56 CAGR+13% 01% CAGR+18% 00% 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 LTM 3Q 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 LTM 3Q 2018 2018 Net Income Net Margin EBITDA EBITDA Margin Gross Margin Notes: 11 Company fiscal year begins in March and ends in February of the following year (inclusive).

Section II Key Investment Thesis