THE AVRIL GROUP in motion

2

SAIPOL AND THE AVRIL GROUP

GROUP Mission

Creating sustainable value in the oils

and proteins sectors, thus contributing

to better food for humans and

preservation of the planet.

3

SAIPOL AND THE AVRIL GROUP

AVRIL, A GROUP STRUCTURED INTO SECTORS, FROM GRAIN TO

CONSUMER

CRUSHING100,000

AGRICULTURAL

PRODUCERS

SEEDS, PLANT HEALTH

PRODUCTS,

BIOTECHNOLOGIES,

OTHER INPUTS AND

SERVICES

COLLECTION OF

OILSEED AND

PROTEIN

GRAINS

PROTEINS

OIL

HUMAN FOODS RENEWABLE

ENERGIES

RENEWABLE

CHEMISTRY

GENETICS AND

ANIMAL HEALTH

ANIMAL

NUTRITION

27,000

LIVESTOCK

FARMERS

MILK, MEAT

POULTRY

EGGS

PORK

Avril’s Oilseeds Business lines are at the heart

of oilseed grains processing and valorization

Avril's Animal Business lines

are deeply involved in livestock

sectors, working closely with farmers in

different regions

Avril / Sofiprotéol* Sofiprotéol Agricultural producers

* Avril Group’s Finance and Development Company

Sofiprotéol, is a leading finance and development

company which mainly focuses on the development

of the oils and proteins sectors

4SAIPOL AND THE AVRIL GROUP

AVRIL, SAIPOL ET LE SITE DE GRAND-COURONNE 5

European leader of soft seeds Crush and Biodiesel production

600employees

N°1 of crush in France with

4,5 MT of Soft seeds crushed (rape &

sunflower seeds)

7 plants in

France

Grand-Couronne (76), Dieppe (76),

Le Mériot (10), Lezoux (63),

Bassens (33), Sète (34) et Montoir-

de-Bretagne (44)

3 biodiesel

plants in Europe

Ertvelde (Belgium), Marl

(Germany) and Slobozia

(Romania)+1,5 MT of biodiesel

produced in France.

+ 500 kT in EU

500 KT of Refined

vegoils for food

2 MT of meals for

animal feed

More than 1MT crush in

Europe of Soft seeds crushed (Expur in

Romania and toll crush in Ukrain)

UK

TSMO

DE

FR

BE

RO

Sites industriels Saipol / filiale de Saipol

Sites industriels SAIPOL et filiales

01/08/2015

Aout 2015

Autres sites industriels du Pôle végétal d’AvrilSaipol and subsidiaries industrial sites

Le MériotCrush , Neutralisation,

Esterification

LezouxCrush

BassensCrush , Neutralization, Food

refining & Esterification

Montoir de BretagneToll crush, Neutralisation,

Esterification

Grand-CouronneCrush , Neutralisation, Food refining &

Esterification

DieppeCrush

SèteCrush , Neutralisation,

Esterification

ErtveldeBiodiesel

MarlNEW

Biodiesel

SloboziaEXPUR

Crush , Neutralisation, Food

refining & Esterification,

Bottling

AVRIL, SAIPOL ET LE SITE DE GRAND-COURONNE6

UkrainToll Crush

World Biodiesel markets: Supply and Demand

7

12.49 12.62

Prod. Cons.

EU - 2016

5.15

6.82

Prod. Cons.

US - 2016

3.35 3.35

Prod. Cons.

BR - 2016

2.60

0.98

Prod. Cons.

AR - 2016

0.50 0.49

Prod. Cons.

MY – 2016

3.00 2.07

Prod. Cons.

ID – 2016

Production in million tons

Consumption in million tons Sources : USDA, Saipol, FO Licht, MPOB, Oil World, GAIN report, Eurostat

20MT6,7MT

3,5MT

3,5MT

4 MT

4 MT Capacity in million tons

26,8 MT 26,6 MT

Capacity

38 MT

World- 2016

Prod Cons

Sustainability - France and Europe – towards a better valorisation of sustainability?

8

French Market: mandate in volume

Biodiesel showing 50% minimum

GHG savings (2017)

Probably 60 % min. in 2018

Local market: 3MnT

Biggest Market in Europe

German Market: mandate in

GHG savings

The better the GHG savings

are, the less biodiesel volume

needs to be blended.

Mandate in Germany is to

reduce GHG emissions of 4 %

in transport

Sustainability – how to calculate GHG savings?

9

GHGCrop values

+

+ GHGprocess

2 gCO2/MJTRITU.

NEUTRA. 0,8 gCO2/MJ

ESTE. 1,5g CO2/MJ

++

= total GHGbiodiesel

=

60 % GHG savingsLot A

50 % GHG savingsLot B

74 % GHG savingsLot C

x% GHG savingsLot …

g CO2/MJ α

g CO2/MJ β

g CO2/MJ γ

g CO2/MJ δ

g CO2/MJ ε

+ 1 to 13

g CO2/MJ

d’ester

+ GHGtransport

+

Which GHG savings can we achieve with Carinata?

- Crop values associated to Carinata?- Transport values?

Used

Cooking Oil

and Tallow

SunFlower

Methyl Ester

10

Winter grade

in France

Summer

Grade in

Europe

Winter grade

in Northern

Europe

Physical Blend

- 60% Rape+ 40%Palm

- 80% Soy + 20% Palm

- 60% Rape+ 15% UCOME + 15% Palm

TLF = Température limite de filtrabilité

Palm Methyl

Ester

Soy Methyl

Ester

Rape Methyl

Ester

+++ -14

FAME 0

FAME -5

FAME -10

Physical Blend

- 80% Rape + 20%Palm

- 75% Rape + 15% Sunflower+ 10% Palm

- 70% Rape+ 15% UCOME + 15% Soy

Physical Blend

- 90 % rape + 10% palm

€ CFPP

++ -2

+ +11

++++ 0

++++ +2/+10

Biodiesel blending and mass balance: no link between physical biodiesel and

sustainability papers

68%

77%

75%

93%

35 %

GHG savings