OUR OFFICES OUR CONTRIBUTORS NEWS HUB FRANÇAIS We are PSP Our Performance We are Investors We are a Debt Issuer Work with Us Natural Resources Cultivating long-term partnerships Investing with strong secular tailwinds We focus on partnering with best-in-class, local operators to invest in agriculture and timber assets in investment-friendly jurisdictions around the world. A high component of land, water or biological assets typically underpin our investments and add to downside protection. We also seek to invest in opportunities well poised to benefit from secular trends driving continued demand growth and increasingly constrained supply. Fast facts We invest in timber and agriculture as well as related opportunities We focus on direct, long-term investments with a heavy land, water or biological asset component We invest alongside like-minded partners and best-in-class operators What sets us apart? Long-term investment horizon Sector expertise across the timber and agriculture spectrum Availability of capital (target 5% of total PSP portfolio versus 4.7% currently) Responsible investing and high ESG standards Natural Resources at a glance [In C$ as of March 31, 2021] Net assets under management (AUM) Portfolio income 1-year rate of return 5-year annualized return VIEW OUR PERFORMANCE Discover where we invest Geographic diversification 55.8% Australasia 34.3% North America 7.8% Latin America 2.1% Other Sector diversification 65.7% Agriculture 30.4% Timber 2.5% Oil and gas 1.4% Other Keyboard shortcuts Map data ©2021 Terms of Use A sample of our investments (non-core Oil & Gas assets are not represented on this map) All Sectors Agriculture Timber Natural Resources in action Scaling Resources and Strengths Company: Webster Ltd. Headquarters: Australia Sector: Agriculture Date: 2018 The acquisition of Webster Ltd. by PSP Natural Resources’ was realized in close collaboration with its existing local operating partnerships, Stahmann Farms and Hewitt Cattle. The investment is highly complementary to its existing joint venture footprint in Australia and brings assets of scale as Webster is the southern hemisphere’s largest producer of walnuts, one of Australia’s largest producers of irrigated crops and a leading organic livestock business. Delicious Growth Company: Pure Flavor Farms Headquarters: Canada Sector: Agriculture Date: 2019 Pure Flavor Farms is a large, vertically integrated, family-owned player in the fresh produce space. With four generations of greenhouse experience, the company has grown to have (i) greenhouse operations in Windsor, ON and Peach County, GA, (ii) significant sourcing channels of contracted and marketed produce across Canada, the US, and Mexico, and (iii) distribution hubs located in Michigan, Georgia, and Texas. These growing sourcing channels enable the company to provide year-round supply of high-quality produce to key grocery retailers and food service companies within the US fresh produce market. The company will also continue to grow its production base with the expansion of its high-tech greenhouse in Leamington. Meet our team leader Marc Drouin Senior Managing Director and Global Head of Natural Resources Contact the team Explore other asset classes Capital Markets Real Estate Private Equity Infrastructure Credit Investments Complementary Portfolio Want to learn how you can experience the edge? Join our team. SITEMAP PRIVACY ACCESS TO INFORMATION TERMS OF USE COOKIE SETTINGS © 2021 PSP INVESTMENTS Use of cookies We use cookies to personalize content and to analyze our traffic. We also share information about your use of our site with our advertising and analytics partners who may combine it with other information that you’ve provided to them or that they’ve collected from your use of their services. You may manage your cookie preferences by accessing the banner on the left-hand side of your screen. For more information on how we process personal information, please refer to our Privacy Notice. Cookies Settings REJECT ALL ACCEPT ALL