AGCO Corporation (AGCO) Presents at Citi’s 2025 Global Technology, Media and

Kyle Menges
Research Analyst

And I’m joined by AGCO. Thanks for being here at our tech conference. I think this is the third year in a row now.

Eric Hansotia
Chairman, President & CEO

Yes.

Kyle Menges
Research Analyst

So joined by CEO, Eric Hansotia; CFO, Damon Audia. Eric, I think you wanted to go through the slide first, a quick overview, and then we’ll jump into Q&A.

Eric Hansotia
Chairman, President & CEO

Yes, you bet. So just briefly to let everybody have a common foundation, AGCO is the largest pure-play farm equipment company in the world. That means all we do every day is figure out how we can serve farmers better. We have a machinery business with multiple brands going after different segments of the market. But for this conference, we also are focusing on our tech business. We call that PTx, precision and technologies multiplied. The combination of those two last year was about $11.5 billion in sales, about half of our sales are in Europe, 25% in North America and the balance between South America and Asia, Africa. So that’s kind of what we are.

There’s a number of strategic moves that we’ve made over the last couple of years that are really coming together now, and those are shown on this slide. I’ll just walk through them. This PTx business is something that has been in the making for a few years. We started with buying Precision Planting. We bought six other small tech companies, doubled our engineering budget but then it really got a boost about 1.5 years ago when we