OCP INNOVATION FUND FOR AGRICULTURE

FILIALE GROUPE OCP

Innovation and entrepreneurship in the service of a sustainable agriculture

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To better support Morocco’s competitiveness goals and help address the challenges faced by its agricultural sector, the OCP Innovation Fund for Agriculture offers considerable means of support and encouragement to innovative projects that are designed to strengthen and diversify Moroccan agriculture.

The Fund’s integrated approach brings a distinctive value proposition which can serve as animportant pillar of support for the Green Morocco Plan.

ABOUT THE FUND

A VALUABLE CONTRIBUTION TO THE GREEN MOROCCO PLAN

The OCP Innovation Fund for Agriculture is an investment fund designed to promote innovation and entrepreneurship in the agriculture and agro-business sectors.

This Investment Fund is open to any promoter with an innovative project leading to a sustainable and competitive entreprise that generate stable jobs in Morocco. The Fund is rooted in a conviction that innovation and entrepreneurship are key engines of Morocco’s economic growth and diversifcation, and it mobilizes the necessary human and fnancial resources to support promising projects that can contribute to this growth.

The incubation of supported projects is a core element of the OCP Innovation Fund for Agriculture.

The Fund, and its national and international network of experts in relevant fields, will provide strategic, financial and operational guidance to the projects in which it invests.

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A SUSTAINED INVESTMENT IN SUPPORT OF INNOVATIVE PROJECTS

Eager to promote sustainable approaches to agricultural development, and conscious that different projects require support at different levels, the OCP Innovation Fund for Agriculture can provide resources and guidance at every phase of a selected project, from design to development to rollout.

The Fund’s integrated approach includes incubation services for innovative projects and a network of experts who can provide ongoing advice and support.

• An Incubation Unit : The Incubation Unit is a core element of the OCP Innovation Fund for Agriculture, providing a range of fnancial, technical and human resources to ensure the success of selected projects.

• A network of experts : A team of strategic and technical advisors, supported by national and international experts, are available to support and advise the selected projects.

This multi-disciplinary team brings global experience and best practice to designing, structuring and implementing viable and sustainable projects.

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As part of its business incubation services, an investment program supported by experts and commissioned by the Fund, OCP Innovation Fund for Agriculture provides tailored and targeted advisory and consultancy services, adapted to the various needs.

These involve three main levels :

Agricultural production :

Support functions :

Processing and industrialPlant management :

Innovation, value enhancement, Marketing & sale

• Production patterns• Technical path• Performance and productivity• Crop diversification • Others.

• Organization• Follow-up procedures

• Accounting• Procurement

• Information system• Others.

• Cost reduction • Industrial processes• Logistics• Productivity• Standards, quality, certification• Others.

• Marketing mix• Business strategy• Labelling• Innovation in its different forms• Others.

1 – Support the structure and the business over the entire industry’s value chain through advising and outreach activities

Providing a space for common reflection, knowledge sharing and networking centered on project owners and their businesses.

3 - Developing a community of interests

Development and capacity building of project owners managerial and entrepreneurship capacities.

2 - Reinforcing promoter capacities

PROMOTING AN IMAGINATIVE DEVELOPMENT POLICY

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• Investment in projects in the agriculture sector: infrastructures, structuring projects, early-stage and growth companies

• Minority or majority stake, to be determined by project • Venture Capital and Growth Capital primarily

• Structuring projects for the agriculture sector that are viable and strategic: Micro-irrigation, biofuels, mining land reclaiming, etc...

• Early-stage and growth companies in the agricultural sector

• The investment company is separate from the management company

• The management company for the Fund is UPLINE Investments, a subsidiary of BCP specialized in Private Equity

• 5 to 7 yearsLifetimeof investments

A DualStructure

A Fund open to other partners

Size of individualinvestments

Size of Fund

Sectors

Geographicfocus

Types of investment

• From 2,5 to 10 MDH for early-stage and growth companies

• From 15 to 40 MDH for infrastructure projects and structuring projects

• OCP is the sole investor at the Fund’s launch, the Fund remains open to other partners

• 200 million Moroccan Dirhams (MDH)

• National coverage

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Innovation is understood to include not only innovation in techniques or technologies but also in the business model, approach, organization or processes. It also includes initiatives that introduce innovative approaches for value creation and building competitive advantage.

Ex: New products, new processes, innovative business models, services, new types of partnerships, etc...

OUR SELECTION CRITERIA

Export Potential

Profitability

Integrated,global approach

Innovation

Social Impact

Job Creation

OCP INNOVATION

FUND FOR AGRICULTURE

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OUR EQUITY OWNERSHIPS

ATLAS ARANIB

Sector : Rabbit Production

Description :

• Development and modernization of the cunicole sector in Morocco ;• Breeding farm of reproductives, laboratory, cramming and rabbit slaughter ;• Aggregation of a cramming units.

Region : Marrakesh

Investment : 9 MDH

Fund Participation : 5 MDH

Marketing achievements:

• GMS supply in Morocco• Supply partnership with leading agro-industrials• Sale of entine rabbits to restaurant in Marrakesh

INOVAG PROCESSING

Sector : Cactus

Description :

Production and commercialization of derived products of the prickly pear : oil, silage, fruits, vinegar, fibre and juice

Region : Benguerir

Investment : 12,5 MDH

Fund Participation : 5 MDH

Marketing achievements:

• Sale of vinegar in around ten of delicate groceries and restaurants in Morocco ;• First sale operation of silage to farmers of the region ;• Order books in Europe and north America for vinegar and prickly pears oil.

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RED MEAT INTEGRATED COMPLEX *

Sector : Production and transformation of red meat

Description :

Integrated complex on the whole value chain : fattening, slaughtering, carving, commercialization

Region : Beni Mellal, Khouribga

Investment : 270 MDH

Fund Participation : 45 MDH

Marketing achievements:

• Trading of a quality product nationnally approved• Supplying hypermarkets and supermarkets, butcheries and hotels-restaurants with carcass or cut meat

ABATTOIR AVICOLE *

Sector : Poultry slaughter (chicken and turkey)

Description :

White meat slaughtering and distribution

Region : Beni Mellal

Investment : 18 MDH

Fund Participation : 5 MDH

Marketing achievements:

• Provision of a product that meets the health standards in Tadla - Azilal region• Distribution of whole or cut products to administrations, (butcheries, whole salers and hotels-restaurants)

VALORIZATION AND MARKETING OF AGRICULTURAL PRODUCTS *

Sector: Casablanca/Fkih Ben Saleh

Description: Company specializing in food packa-ging and distribution (beans, spices, dried fruits…)

Amount invested: 24 MMAD

Funds contribution: 11MMAD

Marketing achievements:

• Valorisation and marketing of local agricultural products relying on sustainable partnerships with agricultural cooperatives

• Investment in valorisation and packaging plat-forms within the production areas

• Diversificiation of the product line, including local products.

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Fatiha Charradi, Chairman and Chief Executive OfficerHead of Agribusiness Portfolio, Office of the Chairman, OCP

Driss Naim,Director Market Operations and Financing Manager, OCP

Abdelhadi Sohib, Director Chief Sustainability Officer, OCP

Mohamed Badraoui, DirectorManaging Director, National Institute of Agronomic Research

Younes Zrikem, DirectorPartner Managing Director at Roland Berger / Strategy Consultants

Omar Aloui, Member of the Investment CommitteeManaging Director, Agro-Concept

Choukri Oimdina, Member of the Investment CommitteeManaging Director, Upline Alternative Investments

Adil Rzal, Managing Director, Upline Investments

OUR TEAM

Funding

Competitiveness

Entrepreneurship

Coaching

Innovation

Incubation

Experts

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FILIALE GROUPE OCP

CONTACTPhone: (+212) 5 22 92 45 92Fax: (+212) 5 22 92 50 50E-mail: contact@ocpinnovationfund.maAdresse: Upline Investments Espace Porte d’Anfa - 3 rue Bab El Mansour Immeuble C, Casablanca – 20 000 - Maroc

www.ocpinnovationfund.ma