Ag Innovations ASFMRA Pioneer Hybrids Lonnie Smith INTERNAL USE ONLY INTERNAL USE ONLY 2 INTERNAL USE ONLY Pioneer “Fundamentals” Commitment, Innovation, Customer Success •Henry A. Wallace •Was committed to increasing farmer productivity and profitability •Founded the first company to commercialize a revolutionary technology - hybrid seed corn •Directly linked company success to customer success 3 INTERNAL USE ONLY 4 INTERNAL USE ONLY Optimum®AQUAmax™ hybrids Native trait approach driven by AYT™ system Industry-leading HYBRIDS Superior germplasm • Selecting for drought tolerance since 1950s • Utilizing global genetic diversity • Industry-leading drought tolerance genetic pool Power of genetics through Next generation NATIVE TRAITS TRANSGENIC TRAITS Native tolerance + AYT™ system technology • Targeted drought screening • AYT system technology • Molecular markers • Laser Assisted Seed Selection (LASS) • Precision phenotyping • Whole genome molecular prediction Target market: dryland & 35F44 limited irrigation acres Herculex® Insect Protection technology by Dow AgroSciences and Pioneer Hi-Bred. ® Herculex and the HX logo are registered trademarks of Dow AgroSciences LLC. Ignite® , LibertyLink ® and the Water Droplet Design are registered trademarks of Bayer. ® Roundup Ready is a registered trademark used under license from Monsanto Company. Transgenic + native trait approaches • Robust pipeline of proprietary leads • Targeted drought screening • FAST corn technology • AYT™ system technology, molecular markers • Whole genome molecular prediction Broad acreage applications 5 INTERNAL USE ONLY P0210HR (102 CRM) P0791HR (107 CRM) P1151HR P1498HR P1324HR (111 CRM) 6 (114 CRM) (113 CRM) INTERNAL USE ONLY 2010 Grower System Trials Normal 3000 – 5000 Over In 223 on-farm comparisons , product advancement tests, and research trials in 2008-2010 in water-limited environments concentrated in NE, CO, KS, OK, TX, and controlled stress evaluations in California and Chile. Optimum AQUAmax hybrids were tested against leading commercially-available competitor and Pioneer hybrids. Optimum AQUAmax hybrids demonstrated a 5.0 percent average yield advantage over the leading commercial checks tested. 7 INTERNAL USE ONLY Optimum® AcreMax™ 1 System • Industry’s first in-the-bag solution for corn rootworm refuge • Reduces CRW refuge • Corn borer refuge may be placed up to ½ mile away Traditional refuge requirement (triple-stack products) Simplified refuge options • Corn borer refuge option for Optimum AcreMax 1 system • Allows deployment of integrated CRW technology on 100% of corn acres • Potential for use as standalone CRW product Herculex® Insect Protection technology by Dow AgroSciences and Pioneer Hi-Bred. ® Herculex and the HX logo are registered trademarks of Dow AgroSciences LLC. ® Poncho, Ignite, and LibertyLink are registered trademarks of Bayer. ® Roundup Ready is a registered trademark of Monsanto Company. AM1 - Optimum® AcreMax® 1 Insect Protection System with an integrated corn rootworm refuge solution. AMRW-R Optimum® AcreMax® RW Rootworm Protection system with a single-bag integrated corn rootworm refuge solution. Do not spray with Ignite®/ Liberty®. Not all seeds in the bag are tolerant to Ignite/Liberty herbicides. 8 INTERNAL USE ONLY Optimum® AcreMax™ & Optimum AcreMax Xtra* Choice of integrated single-bag refuge offerings Today’s Refuge Optimum AcreMax Xtra System Concept Benefits to Growers • Designed to deliver maximum flexibility and convenience for insect refuge management 2010 Pioneer On-FarmTrials • Maximized farm yields Bushels/Acre • Optimum® AcreMax™ – for above-ground protection (HX1 x YGCB) • Optimum® AcreMax™ Xtra – for above and below ground protection (HXX x YGCB) 25 locations 200 180 160 140 120 100 80 60 40 20 0 26 locations 200 150 100 50 0 Optimum Herculex XTRA AcreMax Xtra Optimum Herculex I AcreMax 2010 Technology Advancement Trails. All comparisons made between technology options in the same hybrid family. BENEFITS AT-A-GLANCE Simplifies Refuge Herculex® Insect Protection technology by Dow AgroSciences and Pioneer Hi-Bred. ® Herculex is a registered trademark of Dow AgroSciences LLC. *Optimum® AcreMax™ and Optimum AcreMax Xtra insect protection products are not yet available for sale or use. Products, benefits and concepts described are subject to full regulatory approval and field testing. . ® YieldGard Corn Borer and Roundup are registered trademarks used under license from Monsanto Company. Ignite ®, LibertyLink and the Water Droplet Design are registered trademarks of Bayer. Maximized Farm Yields Technology Preservation 9 INTERNAL USE ONLY PlenishTM High Oleic Soybeans • Biotech soybean with consumer benefits • Highest oleic content in soy • Soy-based trans fat solution with 20% less saturated fat than commodity soybean oil • Enhanced functionality for food preparation • Industrial application benefits • PlenishTM soybeans will be Pioneer® brand Y series varieties • Grown under contract for ongoing field and oil testing in 2010 and 2011; commercialization anticipated in 2012, upon full regulatory approval and field testing 10 INTERNAL USE ONLY 11