Lavoro, the first distributor of agricultural inputs in Latin America to have its shares listed on Nasdaq, the American stock exchange, under the tickers “LVRO” and “LVROW”. The transaction is the result of a business combination with TPB Acquisition Corporation I, a special purpose acquisition company sponsored by The Production Board, announced in September 2022.

The trading of Lavoro’s shares on Nasdaq, not only takes the company to another level in the industry, but also demonstrates the productive and technological potential of Latin American agriculture, a vital segment for
sustainable development worldwide.

Consolidated as the largest distributor of agricultural inputs in Brazil, Lavoro had revenues of about R$7.7 billion (pro forma revenues of R$8.2 billion) during the 2021/2022 crop year, ending June 30, 2022, the highest revenue in its history. The company’s coverage covers some 60 million hectares throughout Latin America.

Mergers and acquisitions: a success story

Expansion through M&As has always been in Lavoro’s business strategy.
Since the start of its operations in 2017, the company has completed 24 acquisitions, becoming the leader in input distribution in Brazil and Colombia in a short period of time.

In addition, the group continues to strengthen its own brands of agrochemicals, foliar and biological fertilizers. By December 31, 2022, Lavoro had 215 distributors in Brazil and Colombia and more than 1000 Technical
Sales Representatives.

Besides maintaining activities in Brazil and Colombia, Lavoro is also present in Uruguay through an emerging trading company. Among the acquisitions and mergers made since 2017 are the following networks: Grupo Gral, Lavoro Agrocomercial, Distribuidora Pitangueiras, Impacto Insumos Agrícolas, Agrovenci, AgSe Group, Produtec, Agrobiológica Sustentabilidade, Central Agrícola, Integra, Qualicitrus, América Insumos, Deragro, Denorpi, Futuragro, Futuragro Florestal, Realce, Plenafértil, Cultivar, Cenagro/Cenagral, Produttiva, Union Agro, Perterra, AgroZap, Nova Geração, Floema, Provecampo, Casa Trevo, CATR, Sollo Sul and Dissul, as well as signatures for acquisitions of Referência Agroinsumos and Cromo Química, subject to the finalization of conditions precedent and approval by CADE. Throughout Latin America, more than 3,000 employees are employed by companies that are part of Lavoro.

More than 60,000 customers are already served, through Lavoro’s physical and digital presence in the main agricultural regions of Latin America. The company currently covers Brazilian states in the Midwest (Mato Grosso, Mato Grosso do Sul and Goiás), North (Tocantins and Rondônia), Southeast (São Paulo and Minas Gerais) and South (Paraná, Santa Catarina and Rio Grande
do Sul).

Products e services

The distributor has a robust portfolio, including its own specialty brand: Essenziale. With five product lines, Plantae, Vegetae, Florae, Produze, and Performe, Essenziale is able to meet all the production cycles in the field, from planting to harvesting.

The brand serves several cultures, among them: cotton, rice, coffee, sugar cane, beans, vegetables, corn, soy, and wheat, among others. With Essenziale, farmers have inputs at their disposal developed with state-of-the-art technology, which

will help them to achieve greater productivity, with less impact on the environment.

To amplify its strong presence in the field, where the company has specialized teams for technical visits and direct contact with customers, Lavoro also created its marketplace, the CompreLavoro, to serve farmers, agronomists, and other agribusiness professionals, which positions the company as one of the pioneers in the agricultural input industry in the digital area. In this high-tech scenario, in 2021, the company launched the Minha Lavoro application, giving even more protagonism to the farmer, supporting him in the management of his business.

Lavoro has also just announced a partnership with Brasilseg, an insurance company from BB Seguros group, to offer agricultural insurance solutions in Brazil. The insurance broker Agrotech and the insurance platform Agristamp are responsible for facilitating the negotiations carried out between the company and its clients.

Support for social and solidarity initiatives

Lavoro maintains a solid agenda of support for social institutions and projects. In 2022 alone, the group allocated around R$1.85 million in resources from tax waivers via incentive laws to 22 cultural, sports, and social initiatives, such as municipal funds to support children, teenagers, and the elderly, benefiting more than 60,000 people.

The group also promotes solidarity initiatives focused on the donation of food and the engagement of employees, customers, partners, and society in general, culminating in donations to social institutions. The third edition of
the “Plant Love, Reap Hope” campaign, for example, surpassed the 70 tons of food collected, a record in the history of the initiative.

A member of the Brazil Global Compact Network since April 2021, the Lavoro Group has made commitments to the sustainable development objectives.

Its management is oriented to build a positive legacy, in an ethical and friendly way for people and the environment, considering environmental, social and governance aspects in all its operations.

For two consecutive years, the company was certified by GPTW (Great Place To Work) as one of the best companies to work for in Brazilian agribusiness.

Brazil’s largest distributor of agricultural inputs

Lavoro will continue to support the delivery and adoption of innovative and smart agricultural technologies to farmers in Latin America, helping to increase production without increasing the use of essential resources such as land, water and energy. Lavoro’s listing on Nasdaq offers greater visibility and the opportunity to have an even greater contribution to continue to realize the company’s main goal: to help make Latin America a global breadbasket, always with food security and sustainability in mind.