Agrium

:

AWB

Dealogic Deal #  :

701080

Data as of :

8/16/2010

Target

Acquiror

Dates & Values

AWB

Agrium

Target:

100

% stake

Buying:

100

% stake

Rumored

-

Deal Value $m

1,754.3

AS

AWB

817

m shares outstanding

Public (Listed)

Announced

15th Aug 2010

Value ex Debt $m

1,094.7

Australia

Canada

Agribusiness

Chemicals

Expected

4Q 2010

Consideration

Deutsche Bank | Advisor

Barclays | Advisor

Completed

-

Freehills | Attorney

Clayton Utz | Attorney

Withdrawn

-

Termination Fee, Target $m

tbd

Termination Fee, Acquiror $m

tbd

Financials

30th Sep 2009

Balance Sheet

Debt/Equity:

4.6

Timeline Events

Premiums & Multiples

Initial Offer

AUD 1.50

Current Offer

AUD 1.50

Income Statement

Cash Flows

Operations $m

376

Profitability

Profit Margin

-3%

Return on Equity

-16%

League Table Impact

Sector Trend

2010 YTD Announced Global M&A by Deal Value, $bn

Monthly Announced Global M&A, $bn:

Agribusiness

1

Goldman Sachs

318.5

2

Morgan Stanley

290.8

3

Credit Suisse

268.1

4

JPMorgan

261.3

5

BOA Merrill Lynch

206.7

6

Deutsche Bank

202.9

7

Citi

201.3

8

Lazard

185.7

9

Barclays Capital

169.9

10

UBS

166.7

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