AGI Westfield Rosenort, MB June 2011

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Cori Atkinson
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1 AGI Westfield Rosenort, MB June 2011

2 Agenda AGI Overview Grain Handling 101 Auger Production 201 Why would a customer buy a Westfield over the competition?

3 AGI Overview

4 Safe Harbour Statement Certain statements contained herein constitute forward-looking statements that reflect our expectations regarding the future growth, results of operations, performance, business prospects, and opportunities of the Company. Forward-looking statements may contain such words as anticipate, believe, continue, could, expects, intend, plans, will or similar expressions suggesting future conditions or events. Such forward-looking statements reflect our current beliefs and are based on information currently available to us. Forwardlooking statements involve significant risks and uncertainties. A number of factors could cause actual results to differ materially from results discussed in the forward-looking statements, including changes in national and local business conditions, crop yields, crop conditions, seasonality, industry cyclicality, volatility of production costs, commodity prices, foreign exchange rates, and competition. These risks and uncertainties are described under Risks and Uncertainties in our Annual Report and our Annual Information Form. Although the forward-looking statements contained herein are based on what we believe to be reasonable assumptions, we cannot assure readers that actual results will be consistent with these forward-looking statements and we undertake no obligation to update such statements except as expressly required by law.

5 Manufacturing Facilities: Canada & USA

6 Manufacturing Facilities: Europe

7 AGI- Activity by Industry Sectors Farm Processing Commercial Livestock

8 Business Drivers Primary Grain Volume Secondary Grain Prices Storage Practices

9 Strategy 1. Focused catalogue expansion to create a one stop shop environment to maximize our share-of-wallet from our customer base 2. Lever the catalogue into new and expanding geographies and diversify risk through geographic expansion 3. Manufacturing investment to support geographic and catalogue expansions

10 Building Blocks for Growth Greenfield expansion Twister bin line Acquisition: MEPU Acquisition: Franklin Acquisition: Tramco

11 Commercial Customers Archer Daniels Midland (ADM) Bunge Cargill Conagra / Gavilon Consolidated Grain and Barge (CGB) Louis Dreyfus Viterra

12 Adair, IL Hi Roller: Belt conveyor Union Iron: Bucket elevator and chain conveyor

13 Illinois Batco: Belt conveyor Westfield: Auger Union Iron: Temp Stor

14 Union Iron: Chain conveyors and bucket elevators Kalama, Washington Hi Roller: Belt conveyors

15 Australia North of Adelaide Twister: Flat bottom bins Union Iron: Truss and tower

16 Russia - EFKO Hi Roller: Enclosed belt conveyor

17 On- Farm Customers 1,400 dealer locations across North America

18 Russia - Ekoniva Twister: Flat bottom bins Batco: Portable belt conveyors

19 France Twister: Flat bottom bins Batco: Portable belt conveyors

20 Grenem, Alberta Batco: Belt conveyors HSI: Bucket elevators

21 Westfield Founded in 1950 AGI s largest division World s largest manufacturer of grain augers Exceptional brand strength Dominant market share

22 GRAIN HANDLING 101 Manufactured Products: Conventional Augers Swing Away Augers

23 Conventional Augers Single tube, intake to discharge - Multiple drive options Used for loading trucks, filling bins on small to mid sized farms Retail Price (avg): $3,800

24 Swing Away Auger Loading of bins, larger sized buildings, temporary storage piles 3 to 5 year life cycle Retail Price (avg): $12,500

25 Double Branding Wheatheart product line Increased shelf-space in market Product differentiation - scissor lift/color/galvanized Standard components

Augers tend to be consumable on most farms

26 Augers tend to be consumable on most farms Wear components that require replacement Differentiators include lift mechanisms, color, drive power and surface finish However, brand image is a predominate factor Trend to higher capacity to match harvest equipment

27 AUGER PRODUCTION

28 Plant History

29 Plant History Building Information: Multiple upgrades/additions since 1950 Total Size: 190,000 sq ft Office: 20,000 sq ft Plant Area: 170,000 sq ft Property: 40 acres - 10 developed Employees: Non-Unionized ~290 Production Employees 3 USA warehouses

30 Westfield Lean During our tour today you will see examples of: Kanban system Continuous Flow production Setup Reduction success stories 5S Standardized Work Total Productive Maintenance

31 Kanban Supplier Purchasing Pre-Fab Customer Weldments Yard Paint Line

32 Vision: Current Robotic Welder Robotic Welder CNC Robotic Welder CNC Automated Saw

33 Vision: Future Robotic Welder Robotic Welder Robotic Welder Robotic Welder CNC CNC Robotic Welder Robotic Welder CNC CNC CNC Automated Saw Automated Saw

34 Operations Metrics Units Shipped Production Hours/Unit Shipped % Overtime Worked On-Time Delivery to Customer Safety

35 Production Growth Opportunity 2007 lean redesign and powder coat line Manufacturing capacity available in Rosenort >30% Robotic welders providing a 3:1 ratio for output vs. manual welding

36 Vertical Integration Full control of incoming material quality/quantity for the majority of items: Steel Auger Tubes Auger Flighting Flight Pipes (tubing) Quality assurance and margins maintained by owning the critical component supply chain.

37 Entrepreneurial Spirit Specialized equipment designed in-house: Tube Rolling Machine Auto-Flight Welders Frame Press Track Roller Custom Die-Sets Cable Roller Driveguard Roller Robotic Jigs/Fixtures ENABLES Combine multiple manufacturing steps Product design capability Control quality in-house Flexibility to meet changing demand - $

38 Why Would a Customer Buy a Westfield Over the Competition? 1. Value Westfield leads the market in innovative designs 2. Manufacturing Excellence 60 years making augers. Westfield manufacturers more of it s product in-house than any other brand. 3. Dealer support Customers know they can count on their dealer for after sales support

39 Why Would a Customer Buy a Westfield Over the Competition? Distribution & Warehouse Network Why is this necessary? Farmers plan, however, impulse/necessity buying absolutely occurs

40 Why Would a Customer Buy a Westfield Over the Competition? Core Competencies WESTFIELD: Grain Handling Equipment 365 days a year

41 Why Would a Customer Buy a Westfield Over the Competition? The broadest portable grain handling catalog in the industry:

42 Why Would a Customer Buy a Westfield Over the Competition? AGI Family Complementary Products Grain handling and storage products in the same organization

43 Why Would a Customer Buy a Westfield Over the Competition? Production Excellence Commitment throughout production chain

44 Why Would a Customer Buy a Westfield Over the Competition? Innovation New Grain Handling R&D Center Customer Focus Group Feedback

45 THANK YOU!

A Commitment to Growing

A Commitment to Growing H A N D L I N G S T O R I N G C O N D I T I O N I N G S O L U T I O N S The AGI Experience 2 With countless hours in the field, we ve learned what farmers & commercial producers