Financial Data and Key Metrics Changes - Net sales and revenues decreased by 9% to DKK 12.018 billion, with equipment operations net sales also down 9% to DKK 10.357 billion [10] - Net income attributable to Deere and Company was €1.289 billion, or $4.75 per diluted share [10] Business Segment Data and Key Metrics Changes - Production and Precision Ag segment net sales fell 16% year over year to €4.273 billion, primarily due to lower shipment volumes and unfavorable price realization [10][11] - Small Ag and Turf segment net sales decreased by 1% year over year to €3.025 billion, with operating profit declining slightly to €485 million, resulting in a 16% operating margin [12] - Construction and Forestry segment net sales were down 5% year over year to DKK 3.059 billion, with an operating profit of €237 million and a 7.7% operating margin [19][20] Market Data and Key Metrics Changes - In the U.S. and Canada, large ag equipment industry sales are expected to decline approximately 30% in fiscal year 2025 due to high interest rates and elevated used inventory levels [13] - Small ag and turf industry demand in the U.S. and Canada is projected to decrease by 10% [14] - European market sentiment is improving, with expectations for industry sales to be flat to down 5% in fiscal year 2025 [15] Company Strategy and Development Direction - The company is focused on disciplined execution amidst challenging market dynamics, with a strong emphasis on managing production costs and inventory levels [6][8] - Deere is positioning itself to respond effectively to market demand inflections, having reduced inventories significantly across all business segments [29][32] - The company is investing in technology and precision agriculture solutions to drive future growth and improve customer outcomes [59][110] Management's Comments on Operating Environment and Future Outlook - Management noted that global uncertainty and high interest rates are impacting customer sentiment, leading to cautious capital purchases [28] - Despite challenges, there are signs of optimism in certain markets, with improved retail sales and order activity in specific segments [9][44] - The company remains committed to delivering long-term value for customers and shareholders, leveraging its operational efficiencies and market position [67][68] Other Important Information - Tariff costs in the quarter were approximately $200 million, with a forecasted pretax impact of nearly $600 million for fiscal year 2025 [37][38] - The company has seen a positive response to pricing actions taken in the North American earthmoving market, with retail settlements up mid-single digits year over year [39] Q&A Session Summary Question: Can you provide additional color on the quarter's performance? - Management highlighted the challenges posed by global trade dynamics and interest rate expectations, emphasizing the importance of focusing on controllable factors like production and inventory management [28] Question: What are the expectations for production in relation to retail demand next year? - Management indicated that production is expected to align closely with retail demand, particularly in large ag, while small ag and turf may see some lift due to underproduction this year [75] Question: Can you elaborate on the early order programs and their trends? - Management noted that while there is caution in ordering due to market uncertainty, early returns on planters and combines are positive, though it is still early in the programs [81][82] Question: How is the company addressing pricing competition in the market? - Management acknowledged the competitive pricing environment but expressed optimism about the market's ability to bear higher pricing, especially with positive retail sales trends [86] Question: What is the outlook for cash flow guidance? - Management explained that the cash flow guidance remains unchanged due to the uncertain environment, but they feel confident about inventory levels and retail sales trends [94]

Core Insights - AGCO has appointed Brian Sorbe as President of PTx, effective August 25, 2025, to enhance its precision agriculture offerings [1][2] - Sorbe brings nearly three decades of experience in precision agriculture, global sales, and product development, which is expected to accelerate AGCO's smart farming solutions [2][3] Company Overview - AGCO is a global leader in the design, manufacture, and distribution of agricultural machinery and precision ag technology, with net sales of approximately $11.7 billion in 2024 [7] - The company aims to achieve $2 billion in precision ag sales by 2029 under Sorbe's leadership [3] Leadership Background - Brian Sorbe has a strong background in precision agriculture, having spent 14 years at Topcon Positioning Systems in key leadership roles, focusing on technology development and farmer-focused solutions [3][4] - Sorbe holds a Bachelor of Business Administration degree and has certifications in AI & Machine Learning and Agricultural Autonomy & Robotics [4]

Core Insights - AgEagle Aerial Systems Inc. has launched the RedEdge-P Green camera, which aims to transform precision agriculture by providing high-resolution multispectral imaging from planting to harvest [1][3]. Product Features - The RedEdge-P Green camera offers high-quality data and modularity, enabling advanced deep learning capabilities for cost-effective imaging [2]. - It features unique spectral bands that provide insights into chlorophyll, carotenoids, and flavonoid content, enhancing tracking capabilities during critical harvest periods [4]. - The camera is available as a standalone unit or in paired configurations with the original RedEdge-P and RedEdge-P Blue, allowing users to leverage up to 15 noise-resistant spectral bands [5]. - It is NDAA-compliant and integrates seamlessly with various drone platforms, including a Calibrated Reflectance Panel and Downwelling Light Sensor for reliable data under varying light conditions [6]. Market Impact - The RedEdge-P Green camera is expected to empower agronomists and researchers to make data-driven decisions that enhance yields, reduce costs, and conserve natural resources [3]. - It provides a robust toolset for researchers, facilitating advanced studies and machine learning applications in crop health and environmental monitoring [10]. Production and Availability - Initial production of the RedEdge-P Green camera has commenced, with the first units expected to ship shortly [7].

Core Insights - Orbia Advance Corporation's Netafim has launched Mega-PULSAR™, a full-coverage pulsing sprinkler technology aimed at protecting orchards from extreme heat and water scarcity, particularly for high-value subtropical crops [1][5] - The Mega-PULSAR™ system is designed to create a localized microclimate that reduces temperature and increases humidity, thereby mitigating heat stress during critical growth stages [2][4] Product Features - Mega-PULSAR™ offers wide spacing installation, high uniformity, and minimal water usage, allowing growers to customize the system based on orchard size and topography [3] - The system's modular design simplifies installation and reduces maintenance costs, making it an attractive option for growers looking to manage overhead costs while adapting to climate variability [3][4] Market Context - The introduction of Mega-PULSAR™ responds to the increasing frequency of heatwaves, which pose significant risks to crop yield and quality, especially during vulnerable growth phases [2][5] - Initial installations of Mega-PULSAR™ began in Spring 2025, with early results indicating improvements in humidity and temperature control, validating its effectiveness as a heat mitigation tool [5] Company Overview - Orbia Advance Corporation operates in multiple sectors, including Precision Agriculture through its subsidiary Netafim, which is recognized as the world's largest irrigation company [6][8] - The company generated $7.5 billion in revenue in 2024 and has a global presence with over 23,000 employees and operations in more than 50 countries [6]

Financial Performance - Net sales for Q2 2025 were $2635 million, a decrease of 18.8% compared to Q2 2024[7] - Year-to-date net sales in 2025 reached $4685.5 million, a decrease of 24.1% compared to the same period in 2024[7] - Reported operating income for Q2 2025 was $164 million, a significant increase of 167.9% compared to Q2 2024[7] - Adjusted operating income for Q2 2025 was $217.5 million, a decrease of 34.8% compared to Q2 2024[7] - Free cash flow generated through June YTD 2025 was $63 million[35] Market Overview and Production - North America's industry tractor sales decreased by 13% year-to-date in June 2025 compared to 2024[9] - Brazil's industry tractor sales decreased by 12% year-to-date in June 2025 compared to 2024[9] - Western Europe's industry tractor sales decreased by 8% year-to-date in June 2025 compared to 2024[9] - Q2 2025 production was down approximately 16% compared to 2024[14] - Projected full-year 2025 production is expected to be down 15% - 20% compared to 2024[15]

Core Insights - AGCO Corporation is experiencing strong demand for its Precision Agriculture Business and Fendt equipment, which is expected to drive growth in the upcoming quarters [1][10] - The U.S. Department of Agriculture projects a significant increase in net farm income for 2025, which will positively impact AGCO's margins [2][11] Industry Outlook - The agricultural machinery market in the U.S. is forecasted to reach $42.05 billion in 2025, with a compound annual growth rate (CAGR) of 6.3% expected until 2030 [3] - Despite ongoing volatility in commodity prices, demand for agricultural equipment is supported by global food demand driven by population growth and rising living standards [3] Company Strategy - AGCO is focusing on portfolio optimization and has formed a joint venture with Trimble to enhance its technology transformation [4] - The company has sold the majority of its Grain & Protein business for $700 million, with plans to use the proceeds for debt repayment and investments in technology and growth initiatives [5] Financial Projections - AGCO anticipates delivering Precision Agriculture net sales of $2 billion by 2029, with an expected adjusted operating margin of 14-15% at mid-cycle [7] - The company is increasing engineering expenses and investing in acquisitions to support its growth in Precision Agriculture and digital initiatives [9] Near-Term Challenges - AGCO faces challenges from weak farmer spending due to low commodity prices, which may impact earnings despite projected growth in net farm income [11] - Retail sales of agricultural equipment in North America and Western Europe have declined, which could affect AGCO's top line in 2025 [12][13]

Core Insights - AGCO's PTx Trimble brand has won the Fast Company's World Changing Ideas Award for its OutRun autonomous grain cart solution, which addresses labor shortages and rising costs in agriculture, enhancing farm profitability and sustainability [2][3]. Company Overview - AGCO is a global leader in agricultural machinery and precision ag technology, with net sales of approximately $11.7 billion in 2024 [7]. Product Details - OutRun is a retrofit kit that converts existing row crop tractors into autonomous machines, specifically designed for grain cart operations during harvest, allowing continuous harvesting despite labor shortages [4]. - Currently compatible with John Deere 8R or 8000R tractors, OutRun will also be available for Fendt models in 2026, with plans to support additional brands and models in the future [4]. Future Plans - PTx Trimble aims to expand OutRun's capabilities beyond harvesting to include other farming tasks such as tillage, enhancing the system's value and solidifying its position in precision agriculture [5].

INVESTOR DAY BRAZIL 2 0 2 5 Opportunity | Foundation | Growth WELCOME BEM-VINDOS Forward-Looking Statements This presentation and accompanying materials may include forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as "forecast," "guidance," "project," "target," "outlook," "prospects," "expect," "estimate," "will," "goal," "plan," "anticipate," "intend," "predict," "b ...

Core Insights - John Deere has announced the acquisition of Sentera, enhancing its technology offerings in agriculture and providing farmers with advanced tools for data-driven decision-making to improve profitability, efficiency, and sustainability [1] Company Overview - John Deere aims to integrate Sentera's advanced remote imagery solutions into its existing suite of tools, allowing farmers to gather and analyze agronomic data effectively [2] - Sentera's technology includes high-resolution cameras compatible with major drone platforms, enabling efficient data capture for assessing plant health and identifying stressors [2][3] Technology Integration - The integration of Sentera's capabilities with the John Deere Operations Center will facilitate real-time data collection and insights, enhancing decision-making throughout the growing season [2] - Sentera's technology allows for the creation of weed maps, which provide targeted prescriptions for herbicide application, minimizing waste and optimizing resource use [3][4] Market Position - Sentera will continue to supply its cameras to drone manufacturers and sell directly to farmers and agronomists, while the John Deere Operations Center will remain open to other drone imagery providers, ensuring a variety of solutions for customers [5] - The collaboration is expected to support a broader range of customers in adopting precision agriculture technologies, complementing existing advanced solutions like See & Spray™ [4] Leadership Perspective - The CEO of Sentera expressed confidence that the partnership with John Deere will enhance access to precision agriculture technologies, emphasizing the importance of trusted relationships and measurable insights [6]

Core Insights - AgEagle Aerial Systems Inc. has formed a strategic alliance with Vyom Drones to enhance agricultural and surveying capabilities in India [1][2][3] - The partnership aims to license Vyom Drones to manufacture and sell AgEagle's eBee X drones, along with providing service and maintenance training [2][3] - India, with over 345 million acres of arable land, presents a significant opportunity for AgEagle to deploy advanced drone technology for precision agriculture [3][5] Company Overview - AgEagle Aerial Systems is a leading provider of unmanned aerial systems (UAS) and sensors, focusing on military, public safety, and commercial applications [1][6] - Founded in 2010, AgEagle specializes in professional-grade fixed-wing drones and aerial data collection solutions, serving various sectors including energy, construction, and agriculture [6] Industry Context - The Indian agriculture drone market is projected to reach USD 631 million by 2030, driven by government support and increasing demand for precision farming [5] - The collaboration between AgEagle and Vyom Drones is positioned to leverage AgEagle's UAS technology and Vyom's local manufacturing capabilities to capitalize on this market growth [5]