Vilmorin & Cie - Annual report 2017-2018

1 ANNUAL REPORT Vilmorin & Cie 21 2017-2018 On the other hand, the geopolitical distribution of the major players in the sector has been significantly modified by these operations, highlighting in particular the emergence of Chinese players in world agriculture. Of the world's ten largest seed companies, three are German, two are Chinese, and one is American. In this new global seed landscape, Vilmorin & Cie maintains its competitive position as the 4 th largest player worldwide. Solidly implanted as No. 2 worldwide for vegetable seeds, the Company is positioned as a top world player in wheat seeds and a dynamic challenger in corn seeds. While Vilmorin & Cie carefully follows these movements and their potential consequences on its markets, these operations do not, in any way, call into question Vilmorin & Cie’s capacity to pursue its development on its markets. Neither do they modify Vilmorin & Cie’s specific development model – whose single core business is seeds – or its strategy, which is based on three major focuses: vegetable seeds, corn seeds and wheat seeds. Vilmorin & Cie’s development model is set out from page 33 and its strategy from page 37. Data for 2017 except for KWS data for 2016-2017, Monsanto data for 2016-2017, Rijk Zwaan data for 2016-2017, DLF data for 2016-2017, Sakata data for 2017-2018, Vilmorin & Cie data for 2017-2018 excluding Garden Products and including, in particular, 50% of AgReliant (North America. Field Seeds). To take application of the standard IFRS 11 into account, certain companies have been recorded in the accounts using the equity method, as of fiscal year 2014-2015. Sources: internal estimates and corporate disclosures. Vegetable seeds Field seeds Global competitive panorama (Seed business) (Sales in millions of euros) DLF BASF Corteva (Dow Dupont) Rijk Zwaan KWS Vilmorin & Cie Syngenta-Chemchina Bayer-Monsanto Sakata LPHT-Citic 0 2,000 4,000 6,000 8,000 10,000 1.3. The seed market PRESENTATION of Vilmorin & Cie