AgriNova Business Plan › Section 2 › Company Overview

AgriNova Milling Technologies (Pty) Ltd will be incorporated as a
private company under the Companies Act, 2008 of the Republic of South
Africa. The Company is structured to hold the integrated milling, feed
and equipment-manufacturing operations within a single balance sheet,
supported by clearly delineated divisional management and reporting.
This section sets out the Company’s vision, mission, legal and ownership
framework, guiding values and strategic objectives.

2.1 Vision

To become a leading integrated maize-processing and
milling-technology group in Southern Africa — recognised for food-grade
quality, engineering excellence, and a tangible contribution to rural
economic development and food security.

2.2 Mission

AgriNova’s mission is to mill affordable, high-quality staple foods
for South African households while building and servicing the milling
infrastructure that enables a more decentralised, resilient and
inclusive maize value chain. The Company will pursue this mission
through disciplined operations, continuous investment in technology and
skills, and partnerships that extend processing capacity closer to where
maize is grown and consumed.

2.3 Legal Structure & Ownership

The Company will be held by a combination of founding management, a
strategic equity investor, and a broad-based black economic empowerment
(B-BBEE) participant, with the precise shareholding to be finalised on
completion of the capital raise. The intended structure is designed to
achieve a strong empowerment credential — an important factor in
securing development-finance support and preferential procurement —
while retaining experienced operational leadership and aligning all
shareholders behind long-term value creation.

2.4 Core Values

• Food safety first. Uncompromising adherence to
  food-grade hygiene, traceability and quality standards across every
  batch.
• Engineering integrity. Equipment designed and
  serviced to deliver reliable uptime and measurable efficiency for
  customers.
• Inclusive growth. Active development of rural
  entrepreneurs, suppliers and staff through the community-mill and
  training programmes.
• Operational discipline. Cost control, safety and
  continuous improvement as the foundation of competitiveness in a
  commodity industry.

2.5 Strategic Objectives

1. Commission the core milling line and reach 30% utilisation within
   the first operating year, scaling to 80% by Year 5.
2. Establish AgriNova maize meal as a trusted regional brand across
   formal retail, wholesale and institutional channels.
3. Build the equipment and services division into a self-sustaining
   profit pool contributing roughly one-sixth of group revenue.
4. Maintain a minimum debt-service-coverage ratio above the 1.25x
   lender threshold throughout the loan term.
5. Deploy a measurable ESG and development-impact programme,
   including community mills and skills training.

Confidential — this business plan is provided to prospective investors and lenders for evaluation purposes only and may not be reproduced or distributed without the written consent of AgriNova Milling Technologies (Pty) Ltd.