Leading consumer goods company of branded products. 4 Business Units focused on 3 core businesses. Financial performance

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4 Leading consumer goods company of branded products Peruvian based with operations in Argentina, Colombia, Ecuador and Chile; and exports to more than 23 countries Second largest Andean Consumer Goods Company. Market leader in all categories in Peru 25% of revenue generated outside Peru Quoted in the Peruvian stock exchange; ranked as a top corporate governance company Manufacture and distribution: 4 Business Units focused on 3 core businesses Peru Consumer Goods Andean Region Mercosur International Market & C.America Region 106 family brands in 16 different categories Industrial Products 14 brands directed to the food industry Animal Nutrition 2 brands for fish and shrimp feed Financial performance 2011 Revenue: S/.4,256MM CAGR ( ): 14.6% Debt to EBITDA ratio of 0.93 ROE: 18.1% Bond rating: AA+ (PE) by Apoyo & Asociados (May 2011) AA+ (PE) by Pacific Credit Rating (October 2011)

5 Results Aggressive Growth Strong Competitive Position Cost Efficient Operations Cashflow Generation for Expansion Solid Market Shares in Core Categories International Expansion Higher Returns Transformational Changes Consumer & Market Oriented Leading brands & Diversified Portfolio Higher Value Added Products Strong Distribution Network Commodity Consolidation Use of Economies of Scale Low Cost of Production New Product Development Process Aggressive M&A strategy

6 Growth through M&As and Integration Acquisition Merger Alicorp S.A.A Acquisitions S/.605MM (US$80MM) in Revenue in 1995 S/.4,256MM (US$1,579MM) in Revenue (2011) CIPPSA Consorcio de Alimentos Fabril Pacífico La Fabril Molinera del Perú Industrias Pacocha Planta de detergentes Consorcio Distribuidor Peruvian Market Consolidation International Expansion

7 Consumer Goods Industrial Products Animal Nutrition Peru Andean Region & Central America Mercosur Region Edible Oil Margarine Mayonnaise / Sauces Cookies & Crackers Pasta Sauces Cookies & Crackers Juices (Powder) Laundry Soap Laundry Detergent Soap Hair Care Flour Pre-mix Edible Oil Shortenings Shrimp Feed Fish Feed Pasta Ice Cream Softeners Juices (Powder) Baking Flour (household) Jello Pet Food Pet Food Hair Care Personal care soap Softeners Deodorant Pasta Cookies & Crakers 2011 Revenue: EBITDA: S/. 4,256 MM (US$1,579MM) S/ MM (US$204.6MM) Laundry Soap Laundry Detergent Laundry Detergent % of Total 2011 Revenue 63% 30% 30% 7% 8% % of Total 2011 EBITDA 62% 31% 7%

8 Market Share per Volume for the period May - June, 2012 Category Brands Market Share Position Competitors Mayonnaise 96% #1 Laundry Soap 76% #1 Locals Animal Nutrition (1) 70% #1 Margarines 63% #1 Juice (Powder) 65% #1 Edible Oil 55% #1 Molinos Río de la Plata Laundry Detergent 54% #1 Industrial Baking Flour Inca 51% #1 Pasta 44% #1 Pet Food (2) 35% #1 Cookies & Crackers (1) 31% #1 Source: Kantar World Panel (1) Internal Source (2) CCR Audit

9 GDP & PRIVATE CONSUMPTION 1/2 (% YoY change) Private Consumption GDP CONSUMER GOODS INDUSTRY 1/2 (% YoY change) In real terms Figure is estimate Source: BCR, APOYO Consultoría 1. In real terms Figure is estimate Source: Produce, APOYO Consultoría

10 URBAN PERU: POPULATION DISTRIBUTION BY SOCIOECONOMIC LEVEL & PRODUCT INNOVATION (2010) E D C E A/B D E C D A/B E C D A/B C A/B LIMA 22 URBAN PROVINCES 8 PERU TOTAL Source: IPSOS Apoyo PREMIUM MAINSTREAM VALUE Inca

11 Piura Chiclayo Trujillo Huaraz Huacho Lima Chincha Iquitos ORIENTE 240 clientes Tarapoto Hu á nuco Pucallpa Tarma Huancayo Ica Ayacucho Cusco Arequipa Juliaca Tacna National distribution coverage through: 27 exclusive distributors 100% of wholesalers and supermarkets Food Service distribution system 12 warehouses nationwide 25 sale offices 9 manufacturing facilities Logistics in the 4 most important ports of Peru Exclusive Distributors Warehouses Sale offices Industrial plants TOTAL 200,000 clients

12 MARKET STRUCTURE & REVENUES PER DISTRIBUTION CHANNEL Wholesalers Modern Channel Exclusive Distribution (In B2B %) Mom & Pop Other Wholesalers Modern Channel Exclusive Distribution B2B Mom & Pop Other EXPENSE DISTRIBUTION REVENUE STREAM 8 Alicorp s Share 30% 7% in Modern Channel per category Edible Oil: 32.6% Pastas: 33.2% Detergents: 42.6% Cookies 48& Crackers: Mayonnaise: 16.0% 83.4% Peru Market Alicorp Peru Peru Market Alicorp Peru Peru Market Alicorp Peru 2011 Source: Kantar Worldpanel, Apoyo Consultoría, CCR Audit

13 REVENUE GROWTH (YoY % Change) Consumer Goods Argentina Ecuador Colombia Chile Bolivia Haiti Animal Nutrition Colombia Ecuador Guatemala Honduras Nicaragua China Industrial Products Canada U.S.A. Bolivia Ecuador 46.7% Ecuador 22% Colombia 6% Haiti 3% Honduras 3% 14.2% Others 11% New acquisition: 15.6% EEUU 4% Canada 12% Argentina 39% Foreign Revenue: S/.1,045.7M (US$387.9MM) 2011 ( 25% of Total Revenue ) ( 18.5% growth over 2009 ) CAGR 37.3% ( ) Long-Term Target: 50% of Total Revenue

14 Market Share per Volume Category Brands Market Share Position Argentina (1) Hair Care (OND 11) Personal Care Soap (OND 11) Laundry Detergent (OND 11) Cookies & Crackers (OND 11) Pound Cakes (4) (S 11) Pasta (Dry) (4) Juice (4) Ecuador (2) Pet Food (MA 12) Mayonnaise (MJ 11) Pasta (MA 12) Hair Care (MA 12) Juice (Powder) (ND 11) Animal Nutrition Colombia (3) Baby Hair Care Cookies (JJ 11) Pet Food LIMZUL 27% 18% 6% 3% 7% 11% 5% # 2 # 2 # 3 # 9 23% # 2 14% # 2 15% # 3 4% # 4 5% # 4 32% # 1 4% # 6 2% # 7 2% # 6 Source: (1) Household Panel KWP Argentina (2) Source: IPSA Audit (3) Nielsen Audi (4) Internal Source Competitors GNCH

15 Our operational, distribution and sales platform National Distribution Coverage Regional Distribution Platform Colombia Nation-wide distribution network 1 industrial plant Plan to increase critical mass and coverage Piura Iquitos Ecuador Nation-wide distribution through local distributors Strong wholesaler and retailer distribution Plan to increase participation in wholesale market Animal Nutrition plant under construction Chiclayo Tarapoto Peru Trujillo Huaraz Huanuco Pucallpa National distribution coverage 27 exclusive distributors 13 warehouses nationwide 25 sales offices 16 industrial plants Huacho Tarma Lima Chincha Ica Huancayo Cusco Ayacucho Juliaca Arequipa Tacna Argentina Own nation-wide distribution network Strong presence in rural areas 5 industrial plants in Buenos Aires Plan to increase presence in super markets Chile One industrial plant in the Chiloe Island Direct sales to final client Most of clients located in surrounding areas Specialized sales force in the aquaculture business and in constant contact with the client Exclusive Distributors Sale Offices Warehouses 15

16 Corporate Unit Business Unit Peru Consumer Goods International Industrial Products Animal Nutrition Business Partners Marketing Supply Chain By Geographic Area By Category Finance Increasing Consumer & Customer Value HR Matrix Organizational Structure

17 BRAND EQUITY DIVERSIFIED PORTFOLIO Edible Oil Ideal Metro Sao Cristalino Deleite Bell s Pastas Don Maximo Anita Marco Polo GN Sayón Cogorno Laundry Detergent Ariel Ace Magia Blanca Sapolio Ña Pancha Patito Invicto CATEGORY Industrial Baking Flour Santa Rosa INCA Victoria Don Angelo Anita Molitalia Cogorno Las Mercedes 100 represents the national average. Perceptor and IPSOS Apoyo Survey Methodology: 1,500 Households in Lima Brand equity is defined by drivers such as: performance, value equation, quality, brand leadership, brand recognition, emotional attachment, health and safety, taste, other variables. PRODUCT DIVERSIFICATION Alicorp Total Revenues (US$MM) (% of Total Revenues) Food Food Mix Others Categories Personal Home & Personal Home Care Care Food Mix Other Categories Home & Personal Care 10% 9% 9% 9% 21% 7% 8% 21% 20% 9% 9% 20 9% 8% 21% 20% 20% 9% 34% 37% 38% 11% 11 11% 11% 11% 34% 37% 83% 82% 83% 82% 57% 54% 69% 53% 68% 69% 69% 68 45% 43% ,253 1,233 1,332 1,579 Clear strategy to diversify towards the HPC markets Other Categories include: Omega, and Animal Nutrition

18 2011 Growth - Revenues: 13.7% - Volume: 1.8% MAIN CATEGORIES GROWTH PER CATEGORY ( ) Sales Growth Volume Growth 13.8% 14.3% 5.5% 21.3% 20.2% 17.6% 15.0% 9.4% 25.4% 22.0% -9.7% -4.6% Edible Oil Pastas Laundry Detergent Cookies & Crackers Consumer Product Goods Industrial Baking Flour Animal Nutrition Industrial Products and Animal Nutrition 2011 RevenuesS/. 635MM 417MM 417MM 293MM 614MM 321MM Weight in Sales 14.9% 9.8% 9.8% 6.9% 14.4% 7.5% Revenue CAGR % 8.4% 43.1% 17.8% 8.8% 19.6% Market CAGR (1) 12.3% 9.6% 16.7% 9.2% 7.4% N/A (1) Market CAGRs for Edible Oil, Pastas, Laundry Detergents, Cookies and Industrial Flours consider Peru s market growth per category. Source: MINAG, PRODUCE, INEI, Euromonitor, SNI Kantar World Panel, CCR Audit.

19 PERU & INTERNATIONAL GROWTH (Millions of Soles) GROWTH BY BUSINESS LINE (Millions of Soles) CAGR : 13.1% CAGR : 10.8% CAGR : 14.5% % 24.6% CAGR : Revenues: 14.6% EBITDA: 15.2% CAGR : CAGR 13.0% : 13.1% % 30.0% 7.5% CAGR CAGR : : 14.5% Revenues: 14.6% EBITDA: 15.2% CAGR CAGR : 4, : 4, % CAGR 37.9% 3,210 2, : CAGR CAGR 19.6% 4,268 1, : : 4,268 1,735 1,887 1,277 1, % CAGR 16.9% CAGR 321 1, , : 2, : Consumer Product Industrial Products Animal Nutrition 19.6% 19.6% Consolidated Peru International Consolidated 1,887 1,887 Goods 77 1,277 1,277 1, Consumer Industrial Peru International Animal Nutrition Product Goods Products sumer Product Industrial Products Animal Nutrition Consolidated Consumer Product Industrial Products Animal Nutrition Consolidated Goods % 8.1% Goods % 26.5% 5.8%

20 LAST 5 QUARTERS LAST 5Q SALES & GROSS MARGIN (Millions of Soles) Sales Gross Margin OVERALL RESULTS (Millions of Soles) Sales Gross Margin 1, % 70% CAGR 2010-Last 12M: 6.9% 60% 50% 33.9% 32.1% 32.0% 31.9% 29.7% 40% 11.9% 30% 20% 0 LAST 5 QUARTERS EBITDA & EBITDA MARGIN (Millions of Soles) 1Q 10 2Q 10 EBITDA 3Q 10EBITDA Margin 4Q 10 1Q 11 10% 0% OVERALL RESULTS (Millions of Soles) EBITDA EBITDA Margin % 27.3% CAGR 2010-Last 12M: 0.1% 27.5% % 16.9% 15.4% 17.0% 16.7% 13.8% 0 1Q 10 2Q 10 3Q 10 4Q 10 1Q %

21 SG&A/Marketing (as % of Total Revenues) CAPEX (Million of Soles / as a % of Total Revenues) DEBT & DEBT/EBITDA RATIO (Million of Soles) 2.7% CURRENT RATIO & LEVERAGE 2.3% 2.5% 0 1.4%

22 EARNINGS PER SHARE (Soles) EARNINGS PER SHARE (Soles) CAGR 2010-Last 12M: 8.92% ROIC & ROE DIVIDENDS DIVIDENDS PER SHARE PER SHARE & DIVIDEND & DIVIDEND YIELD YIELD Dividends per Share Dividends Yield 1 ROIC is defined as Operating Profit minus Profit Sharing and Current Income Tax expense divided by Working Capital plus Net Fixed Assets plus Other Net Operating Assets. Where: -Working capital excludes debt, other accounts (without financial costs), and Current Assets available for sale. -Net fixed assets exclude non operating fixed assets. -Other net operating assets include software and brands. 2 ROE is defined as the Net Earnings divided by average Last 12-Month Shareholders Equity CAGR : 40.3% % % % % % 45.00% 40.00% 35.00% 30.00% 25.00% 20.00% 15.00% 10.00% 5.00% 0.00%

23 As of May 31, 2012 Romero's Group 45% Inv. & Mutual Funds 10% Others 13% AFP's 32% FINANCIAL METRICS 2008 (As of Dec 31) 2009 (As of Dec 31) 2010 (As of Dec 31) 2011 (As of Dec 31) Growth % 1H11 1H12 1H11-1H12 Growth % Stock Price (S/.) % % IGBVL 7,049 14,167 23,375 19, % 18,879 20, % Market Cap (MM US$) ,900 1, % 1,664 2, % EBITDA Multiple % % Daily average trading volume 166, , , , % 424, , % P/E Ratio % %

24 AVERAGE STOCK PRICE (S/.) VALUATION Common Shares Outs. (MM) Stock Price (as of Oct. 17 th, 2012) 847 $2.81 Investment Shares Out. (MM) Stock Price (as of Oct. 17 th, 2012) Market Capitalization 7 $1.67 $2,391 MM Net Debt (2011) $149 MM Firm Value EBITDA (2011) Firm Value / EBITDA $205 MM $2,540 MM 12.41x COVERAGE Firm Country Target Price S/. Recommendation Date January 2009=100: ALICORC1: ALICORI1: IGBVL: *As of October 17th Stock Price (as of Oct. 17 th, 2012) EPS (Common) : S/ P/E (Common) : Dividend Yield : 2.65% BCP Inteligo HSBC Kallpa Securities Larrain Vial BBVA BTGPactual Peru Peru USA Peru Chile Peru USA Buy Buy Overweigh Neutral Maintain Neutral Buy Source: Bloomberg Aug. 12 May. 12 Mar. 12 Aug. 11 Jun. 12 May. 12 July 12

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26 PERU: CONSUMER BASKET STRUCTURE PERU: ANNUAL HOUSEHOLD SPENDING (As a % of Total Annual Household Spending) (Millions Food at Home of Soles & % of Total Spending) Food away from home (Millions of Soles) Alicorp Alicorp Peru Peru Revenues Revenues Food at Home Food away from home Food Other at Home goods and services Total Food away from home Alicorp Peru Revenues 2 Alicorp Peru Revenues (1) Other goods and services Health Other goods and services Total Food at Home Food away from 120,000 home 150, Education Clothing and Footwear Other goods and services Health CAGR ( ): 1 CAGR ( ): Rent, Fuel and Education Electricity Furniture Clothing and Footwear 130,000 Total Household Spending 9.7% S/. 103, Alicorp Peru Revenues 7.3% Transport and Rent, Communication Fuel and Electricity Furniture 1 100,000 1 Transport and Communication 1 110,000 S/. 103, % 3, ,000 S/. 2,809 8% , % 90, % 2,500 3,000 S/. 2,809 5% 5% S/. 64,771 1, S/. 64,771 2,000 2, ,000 1 S/. 1,754 60, % 1 1 1,500 2, , % 31.3% 0 1 S/. 1, ,000 1,000 1, % 11.3% 11.1% 30, % 9.8% 31.3% 12.9% , % 20, , % 11.1% % 9.8% 12.9% % 13% (1) Total Household Spending includes food (away and at home), health, education, rent, fuel, electricity, transport and 11% % communication, clothing and footwear, furniture and other goods & services Other goods 7% and services 11% include home and personal care, tobacco, entertainment and travel and beauty expenses. HPC represents almost 75% of this category. HPC represents 6.5% of total Lima s consumer basket. ( HPC ) ALICORP PERU REVENUES Source: APOYO Consultoría, ENAHO-INEI

27 7.3% 1.1% Alicorp Peru Other players Alicorp Peru ALICORP PERU vs MARKET (Main Categories) Other players Alicorp Peru Other players (Thousands to MTs) Alicorp Peru Other players CAGR ( ) Alicorp Peru (Volume) 749 Market (Volume) nt 4.5% 2.1% % 3.1% 36.6% 16.8% % 7.9% Industrial Flour Edible Flour Oil Pastas Cookies & Crackers Edible Oil Laundry Detergent Pastas Flour Cookies & Crackers La Participation (% of Total Volume) Edible Oil 165 Pastas 2 2 Laundry Detergent Cookies & Crackers Edible Oil Pastas Cookies & Crackers Laundry Detergent Flour Mature Categories Growth Categories Edible Oil Pastas Cookies & Crackers Laundry Detergent Flour Industrial Flour Edible Oil Pastas Laundry Detergent Cookies & Crackers % 37% 64% 62% 46% 46% 14% 53% 27% 41% Market Share 60% 55% 48% 53% 45% 45% 25% 41% 22% 33% 1. Industrial Flour and Cookies & Crackers shares were estimated from imports (Source: Produce) 2. Edible Oil, Pastas and Laundry Detergent ere estimated from polls (Source: Kantar). Poll Methodology: 3,000 homes from Lima and 13 provinces. Deviation +/- 1.6% Source: MINAG, PRODUCE, INEI, Euromonitor, SNI Kantar World Panel, CCR Audit.

28 COMMODITY EXPOSURE (US$ x MT) PRECIO AC (YoY: SOYA T10 CIF vs. PERU T11) (PRECIO ARGENTINA + FLETE) Soybean CFR Soya CFR Wheat CFR Trigo CFR 1,180 1, % YoY 58.0% YoY 14.1% YoY -8.6% YoY -2.0% YoY -3.9% YoY Gross Margin: 1Q11: 28.1% GM 2Q % GM 3Q11: 27.8% GM 4Q11: 27.1% GM 1Q12: 26.8% GM 2Q12: 27.5% % YoY 49.5% YoY 4.8% YoY -6.4% YoY % YoY 8.6% YoY Source: Reuters

29 2011: FOREIGN EXCHANGE HEDGING STRATEGY AND EXCHANGE RATE PERFORMANCE Average Exchange Rate (In MM of US$ & S/. / US$) USD Exposure Total Hedging Average Exchange Rate % 84 YoY -2.7% YoY % YoY % YoY % YoY -2.87% YoY % J hedging F M A M J J A S O N D J F M A M J J A S O N D J F M A M J 26% 35% 18% 187% 38% 54% 38% 42% 43% 31% 16% 18% 0 % 0% 0% 0% -24% 20% Fuente: SBS