Agrana Beteiligungs-ag · VIE:AGR
Agrana Beteiligungs-ag — Investor Conference Zuers (RBI & ODDO BHF) 2025
73 slides from Agrana Beteiligungs-ag's conference presentation, Apr 8, 2025
Slide 1: Investor Conference Zuers RBI & ODDO BHF
THE NATURAL UPGRADE Investor Conference Zuers RBI & ODDO BHF 8 April 2025 AGRANA Beteiligungs-AG AGRANA Report on Q1-3 2024|25: www.agrana.com/en/ir/publications A G R A N A | I nve s t o r C o n fe r e n c e Z u e r s | 8 A p r i l 2 0 2 5 1
Slide 2: Contents
Contents 1 Introduction & business overview 2 Strategy AGRANA NEXT LEVEL 3 FOCUS on ESG 4 Segment overview: Fruit, Starch and Sugar 5 Ukraine | Russia 6 Financials Q1-3 2024|25 7 Outlook/prelim 2024|25 A G R A N A | I nve s t o r C o n fe r e n c e Z u e r s | 8 A p r i l 2 0 2 5 2
Slide 3: Introduction & business overview
THE NATURAL UPGRADE Introduction & business overview AGRANA Group A G R A N A | I nve s t o r C o n fe r e n c e Z u e r s | 8 A p r i l 2 0 2 5 3
Slide 4: We all consume AGRANA (products)
Strategic positioning B2B We all consume AGRANA (products) At the beginning AGRANA refines AGRANA supplies We all consume AGRANA there is always agricultural raw the Big Names... every day without agriculture… materials... noticing it... confectione r y, bevera ge, fermenta tion industries , f
Slide 5: At a glance
AGRANA products in daily life At a glance FRUIT STARCH SUGAR • Fruit juice concentrates • AGRANA produces starch and Sugar is sold to customers are fruit juice and special starch products • consumers via the food trade beverage bottlers and fillers • Starch is a complex carbohydrate and • Fruit prep
Slide 6: Segmentation by segment
51 Production sites worldwide as of 8 April 2025 Segmentation by segment FRUIT STARCH SUGAR 5 sugar beet plants 24 fruit preparation plants and 5 starch plants 2 raw sugar refineries & 14 fruit concentrate plants (incl. 2 bioethanol plants) (1 Instantina plant) Czech Rep. Slovakia Austria Hungary* R
Slide 7: Agricultural raw materials processed: 9.0 million tonnes
2023|24 financial year Agricultural raw materials processed: 9.0 million tonnes 2% 9% Beet 5.7 million tonnes Raw sugar 0.3 million tonnes 22% Grain 2.0 million tonnes 3 Mio. t 6 Mio. t Potato 0.2 million tonnes 64% Fruits 0.8 million tonnes 3% A G R A N A | I nve s t o r C o n fe r e n c e Z u e r
Slide 8: FOCUS on Food
Revenue by product group (2023|24) FOCUS on Food FRUIT STARCH SUGAR € 1,566.9 m € 1,148.7 m € 1,071.3 m A G R A N A | I nve s t o r C o n fe r e n c e Z u e r s | 8 A p r i l 2 0 2 5 8
Slide 9: Our History
AGRANA Group ACQUISITION of the American Our History organic distribution company EXPANSION Marroquin EXPANSION Of market position in Asia Organic of the company‘s through the acquisition of the International presence in the area Indian fruit processing plant of fruit preparations SAIKRUPA Fruit Pro
Slide 10: Shareholder structure
Current status Shareholder structure ~30% Rübenproduzenten Beteiligungs-GmbH ~50% ZBG ~70% Raiffeisen-Holding AGRANA NÖ-Wien Zucker, Stärke und Frucht Holding AG ~78.4% ~10% ~50% Südzucker ~2.7%1 Total: 62,488,976 shares ~18.9% 1 directly held by Südzucker A G R A N A | I nve s t o r C o n fe r e n
Slide 11: Management Board
AGRANA Group Management Board CEO Stephan Büttner CTO Norbert Harringer CAO Stephan Meeder • Strategy & Transformation incl. • Operational Excellence incl. • Internal Audit Mergers & Acquisitions (new) Occupational Safety and • Finance Investment (new) • Commercial Excellence (new) • Purchasing/Logi
Slide 12: Strategy NEXT LEVEL
THE NATURAL UPGRADE Strategy “NEXT LEVEL“ A G R A N A | I nve s t o r C o n fe r e n c e Z u e r s | 8 A p r i l 2 0 2 5 12
Slide 13: Strategy (overview)
“NEXT LEVEL” corporate strategy Strategy (overview) ▪ NEXT LEVEL strategy was unanimously decided by the Supervisory Board on 12 Nov 2024 ▪ In light of unfavourable short- to medium-term prospects, new strategy takes on even greater significance in the drive to put AGRANA’s earnings back on track ▪
Slide 14: Challenges necessitate a new strategy
Background “NEXT LEVEL” Challenges necessitate a new strategy Increase in turnover mainly due to rising prices Concentration in (Central) Europe with low market growth Low growth Customer focus in the food industry and trade with low growth High commodity component*: Vulnerability to agricultural cy
Slide 15: Objectives of AGRANA NEXT LEVEL
The new “NEXT LEVEL” strategy Objectives of AGRANA NEXT LEVEL • Increase efficiency and reduce costs • Harmonisation of structures and leveraging of synergies • Working capital optimisation: • Improvement in liquidity • Debt reduction to free up capital for future growth initiatives • Sustainability
Slide 16: Organisational analysis across two horizons
The new “NEXT LEVEL” strategy Organisational analysis across two horizons OBJECTIVE: Reducing costs and improving collaboration Horizon I project HORIZON I: AGRANA HOLDING (Cooperation between holding ADMIN company & divisions) • Optimisation of costs within the Cooperation holding company and in co
Slide 17: AGRANA – NEXT LEVEL
The new “NEXT LEVEL” strategy AGRANA – NEXT LEVEL Creating value with nature Strategic holding company Strategic development and control vertical synergies Innovation impulses Commodity-focused/ Customer-focused/ processing expertise Agricultural Food & formulation expertise Commodities & Beverage R
Slide 18: Current holding company becomes strategic light holding company
The new “NEXT LEVEL” strategy Current holding company becomes strategic “light” holding company Transition to a streamlined, efficient “light” holding company • Focus on value-adding key roles • Current challenges: High administrative costs, lengthy decision-making processesand frequent • Bundling o
Slide 19: Three segments for two business areas
The new “NEXT LEVEL” strategy Three segments for two business areas Transformation from a strict divisional structure to a functional, permeable model with two main business areas Agricultural Commodities Food & Fruit-, Brown Flavor- & spicy & Specialities Starch, Sugar, Fruit juice concentrate Beve
Slide 20: Commodities division target operating model
The new “NEXT LEVEL” strategy Commodities division with core competencies in raw materials management and in the first transformation Agricultural Commodities and Specialities Target Operating Model Raw materials Core competencies along the value chain Products / Specialities Potatoes First Second C
Slide 21: Customer-centric solutions division
The new “NEXT LEVEL” strategy Customer-centric solutions division with a focus on product development Food and beverage solutions target operating model Customer groups Core competencies along the value chain Solutions First Second Customer Fruit prep (dairy/non-dairy), Food Raw materials transforma
Slide 22: Key financial data for the two business areas and growth ambitions
The new “NEXT LEVEL” strategy Key financial data for the two business areas and strategic growth ambitions Cost optimisation & High-margin growth & speciality products innovation excellence 5.3 4.8 1.4 2.9 5.3 4.9 9.3 8.6 2.5 7.3 15.9 13.2 Revenue2) Operating profit Earnings Growth ambition ambition
Slide 23: Priorities for implementation in the current financial year
Conclusion “NEXT LEVEL” Priorities for implementation in the current financial year Initiatives (selection) Pursuit of divisional strategies – profitable growth Divisions Realisation of portfolio potential Fruit Starch / sugar synergy potential (especially cost optimisation) Horizon II Design of the
Slide 24: Up to €100m identified as effect of the measures
Cost-saving measures – Overview of Horizon 1 & 2 Up to € 100m were identified as the effect of the measures Identified savings potential by cost type, € million Identified savings potential by measure lever, € million ~ 80-100 ~ 80-100 Total potential Synergy effects Other effects in the holding Sta
Slide 25: Horizon savings target by FY 2027|28
Horizon savings target By the end of FY 2027|28, € ~80 million in recurring savings are to be achieved Horizon I & II measure effects “in-Year" (net), in € million € 80-100m € 80m Horizon savings target Milestone IV € 40-52m Milestone III To achieve the ambitious 60% savings target, the measures mus
Slide 26: Strategic goals 2030+
Conclusion “NEXT LEVEL” Strategic goals 2030+ • Greater efficiency at lower fixed costs EBITDA • A new role for the holding margin and the divisions > 10% • Focus on value-added ROCE products, co-creative > 10% development of customised solutions with customers A G R A N A | I nve s t o r C o n fe r
Slide 27: FOCUS on ESG
THE NATURAL UPGRADE FOCUS on ESG AGRANA-Climate Strategy A G R A N A | I nve s t o r C o n fe r e n c e Z u e r s | 8 A p r i l 2 0 2 5 27
Slide 28: AGRANA's understanding of sustainability
AGRANA‘s understandig of sustainability At AGRANA, we… • utilise almost 100% of the agricultural raw materials employed, and use low- Ecology emission technologies in industrial processing to reduce or avoid impacts on the environment, • respect all stakeholders and the communities where we operate,
Slide 29: Material topics along the value chain
AGRANA‘s material topics along the value chain RAW MATERIAL ECO-EFFICIENCY OUR EMPLOYEES PRODUCT COMPLIANCE PROCUREMENT OF OUR RESPONSIBILITY PRODUCTION Environmental and social criteria in the Product Labour practices and Compliance and business sourcing of Environmental and responsibility and cond
Slide 30: AGRANA climate strategy
AGRANA Sustainabilty AGRANA climate strategy Targets: 1) Net-zero emissions (scope 1+2) by 2040 2) Net-zero emissions (scope 3) by 2050 at the latest ▪ Verification of emission reduction targets by 2030 through recognised Science Based Targets Initiative (SBTi) in September 2023 Near-term targets by
Slide 31: SBTi verified emission reduction targets
AGRANA climate strategy SCIENCE BASED TARGETS initiative (SBTi) AGRANA emission reduction targets by 2030 successfully verified by SBTi in September 2023! SCOPE 1 SCOPE 2 SCOPE 3 NEAR- 2030 (from 2019|20 base year) TERM 2030 50% abs. reduction approx. 34% abs. reduction of GHG emissions LONG-TERM Ne
Slide 32: Focus Area Scope 1+2
Scope 1+2 Focus Area @ AGRANA • Long-term commitment by 2040 (not SBTi validated) − Switch to 100% renewable energy (scope 1+2) and net-zero emissions • Near-term target by 2030|31 (SBTi validated) on track ▪ - 50 % of emissions from 2019|20 base year of 928.000 t CO 2 through the following measures
Slide 33: Major emission reduction projects per division
ESG Outlook Major emission reduction projects per division 2024 to 2030|31 ▪ In total, > 400 emission reduction projects were modelled until 2040 to achieve net-zero scope 1+2 emissions. ▪ Concrete projects, which have already been included in the medium-term planning up to 2027 and beyond up to 203
Slide 34: Segment overview
THE NATURAL UPGRADE Segment overview A G R A N A | I nve s t o r C o n fe r e n c e Z u e r s | 8 A p r i l 2 0 2 5 34
Slide 35: Fruit segment
THE NATURAL UPGRADE Fruit segment A G R A N A | I nve s t o r C o n fe r e n c e Z u e r s | 8 A p r i l 2 0 2 5 35
Slide 36: Fruit segment business model
Fruit segment Business model FRUIT PREPARATIONS FRUIT JUICE CONCENTRATES • Based on mostly frozen fruits • Based on fresh fruits • Tailor-made customer products • Production in the growing (several thousand recipes area of the fruits (water worldwide) content and quality of the • Customers: dairy, b
Slide 37: Fruit preparation – what is it about?
Fruit segment Fruit preparation – what is it about? FRUIT FRUIT SUGAR PREPARATIONS + = … most important … sweetens and … optional flavors ingredient of fruit supports taste and and colours for an preparations durability even fruitier taste • Frozen (IQF or • Crystal sugar and an intense block) • Liq
Slide 38: Fruit segment market position
Fruit segment Market position FRUIT PREPARATIONS Fruit preparations 24 FRUIT PREPARATION PLANTS & 14 FRUIT JUICE CONCENTRATE PLANTS • World Market Leader in Fruit preparations global market share ~40% • Most emerging markets are showing good market growth rates, while the market’s sales volumes of f
Slide 39: Raw materials and production – Highlights
Q1 2024|25 Raw materials and production – Highlights Fruit segment: ▪ Juice concentrates: apple harvest is significantly below that of the previous year, at around -20% ▪ Fruit preparations: AGRANAs global demand for strawberries fully contracted; average purchase prices were moderately lower than i
Slide 40: Financial exposure in Ukraine and Russia
War in Ukraine Financial exposure in Ukraine and Russia €000 Revenue % of Total % of FTEs % of Group assets Group Group Ukraine 2023|24 32,983 0.9% 30,443 1.1% 737 8.3% Russia 2023|24 83,834 2.2% 57,306 2.0% 304 3.4% Ukraine & Russia 2023|24 116,817 3.1% 87,749 3.0% 1,041 11.7% Ukraine 2022|23 24,65
Slide 41: Starch segment
THE NATURAL UPGRADE Starch segment A G R A N A | I nve s t o r C o n fe r e n c e Z u e r s | 8 A p r i l 2 0 2 5 41
Slide 42: Starch segment market position
Starch segment Market position • Austrian production sites: STARCH − Potato starch factory in Gmünd 5 starch plants − Corn starch plant in Aschach (incl. 2 bioethanol plants) − Wheat starch & bioethanol plant in Pischelsdorf • Operational management and coordination of international holdings in Hung
Slide 43: Specialisation strategy
Starch segment Specialisation strategy FOOD • Growth in products from VALUE END PRODUCT special raw materials (market leadership) • Growth in starch Textile industry, construction derivatives for fruit DERIVATIVES, ETHERS AND ESTERS industry, cosmetic industry preparations • Growth in „high care“- F
Slide 44: AGRANA bioethanol activities
Starch segment AGRANA bioethanol activities PISCHELSDORF (Austria) • Total investment: € 125 million • Capacity: up to 240,000 m³ (= 190,000 tonnes) • Production start: June 2008 • Raw material base: wheat, corn and sugar beet thick juice* • Raw material base: wheat, corn, B+C starch slurry HUNGRANA
Slide 45: E10 available in Austria
Starch segment E10 • AVAILABLE IN AUSTRIA SINCE THE END OF MARCH 2023 • AGRANA has been producing enough bioethanol for a 10% blend (E10) in Austria since 2008 • Before E10 introduction, 40% of production used for E5 blending; 60% exported, resulting in a loss of nearly 200,000 t GHG savings for Aus
Slide 46: Ethanol and petrol prices
Ethanol and petrol prices FY 2024|25 1 January 2008 – 3 April 2025 Ethanol (Platts T2 spec.) | Fuel (PU-10PP-ARA) (EUR per m 3 ) FY 2024|25 Close 3 Apr 2025 Ethanol avg. price: ~680 EUR/m3 –8% vs prior year 692.0 EUR/m3 A G R A N A | I nve s t o r C o n fe r e n c e Z u e r s | 8 A p r i l 2 0 2 5 4
Slide 47: Raw materials and production – Highlights
Q1 2024|25 Raw materials and production – Highlights Starch segment: ▪ Starch segment's EBIT declined sharply year-on-year, particularly in the last three months as a result of the flood damage of September 2024 A G R A N A | I nve s t o r C o n fe r e n c e Z u e r s | 8 A p r i l 2 0 2 5 47
Slide 48: Commodity prices
Wheat & Corn (Euronext, Paris) Commodity prices 1 January 2006 – 3 April 2025 FY 2024|25 Wheat | Corn (EUR per tonne) Closing / 28 Feb 2025 Wheat 221.8 EUR/t Corn 220.8 EUR/t Whea t (Pa ris) 3 Apr 2025: 221.0 E UR /t Corn (Pa ris) 3 Apr 2025: 209.5 E UR /t A G R A N A | I nve s t o r C o n fe r e n
Slide 49: Sugar segment
THE NATURAL UPGRADE Sugar segment A G R A N A | I nve s t o r C o n fe r e n c e Z u e r s | 8 A p r i l 2 0 2 5 49
Slide 50: Structural measures in the Sugar segment
Ad-hoc announcement as of 12 March 2025 Structural measures in the Sugar segment ▪ Closure of one plant in Austria and one in the Czech Republic ▪ AGRANA Supervisory Board approved the termination of sugar production at its site in Leopoldsdorf im Marchfeld, Austria, and at its site in Hrušovany, Cz
Slide 51: Strong market position in CEE
AGRANA Sugar Strong market position in CEE 5 Sugar Plants and • As an international supplier of sugar with operations 2 Raw Sugar Refineries in Central, Eastern and South-Eastern Europe, where local production is declining, this means the AGRANA is ideally situated Czech Republic • AGRANA believes i
Slide 52: EU vs sugar world market prices
Sugar price reporting EU vs sugar world market prices € Source: Sugar Market situation; European Commission, published on 27 March 2025 A G R A N A | I nve s t o r C o n fe r e n c e Z u e r s | 8 A p r i l 2 0 2 5 52
Slide 53: Raw materials and production – Highlights
Q1 2024|25 Raw materials and production – Highlights Sugar segment: ▪ High sugar stocks (inventories) and declining sugar selling prices are known issues ▪ Since the full start of the beet campaign in October 2024, it is becoming apparent that the campaign expenses for the 2024|25 sugar marketing ye
Slide 54: Financials Q1-3 2024|25
THE NATURAL UPGRADE Financials Q1-3 2024|25 A G R A N A | I nve s t o r C o n fe r e n c e Z u e r s | 8 A p r i l 2 0 2 5 54
Slide 55: Overview - Highlights
Q1-3 2024|25 Overview - Highlights ▪ Nine months into the financial year, business performance remains less than satisfactory ▪ As predicted, EBIT in the third quarter of 2024|25 was very significantly below the year- earlier value, and even slightly negative ▪ Economic activity in Europe is sluggis
Slide 56: Overview – Key figures
Q1-3 2024|25 Overview – Key figures Revenue: € 2,707.8 m EBITDA 1 : € 138.1 m -8.1% -44.7% (Q1-3 2023|24: € 2,947.8 m) (Q1-3 2023|24: € 249.9 m) Operating profit 2 : € 54.3 m EBIT: € 51.1 m -67.1% -65.8% (Q1-3 2023|24: € 164.8 m) (Q1-3 2023|24: € 149.4 m) Earnings per share: € 0.18 -84.5% (Q1-3 2023
Slide 57: Revenue by segment
Q1-3 2024|25 vs Q1-3 prior year Revenue by segment Fruit segment: Group ▪ Fruit preparations revenue rose for volume €m reasons; increase in fruit juice concentrate 2,947.8 revenue driven both by volume and prices 2,707.8 Starch segment: 1,178.9 ▪ Owing to the decline in raw material and energy 1,22
Slide 58: EBIT by segment
Q1-3 2024|25 vs Q1-3 prior year Fruit segment: EBIT by segment ▪ Fruit preparations: EBIT was very significantly above the year-ago level; improvement was attributable partly to a positive business performance and partly to a base effect, as €m Fruit Starch Sugar EBIT in Q3 p/y had been negatively i
Slide 59: Consolidated income statement (condensed)
Consolidated income statement (condensed) Q1-3 Q1-3 Q3 Q3 €m 2024|25 2023|24 2024|25 2023|24 Revenue 2,707.8 2,947.8 846.1 988.3 EBITDA 1 138.1 249.9 30.5 86.2 Operating profit/(loss) before exceptional items and results of equity-accounted JV 54.3 164.8 (1.0) 52.1 Share of results of equity-account
Slide 60: Energy costs and mix
Energy costs and mix Energy mix of the group Group energy costs in FY 2023|24 €m 216.6 39.3 166.1 33.8 104.5 83.1 72.8 49.2 Q1-3 2023|24 Q1-3 2024|25 Fruit Starch Sugar A G R A N A | I nve s t o r C o n fe r e n c e Z u e r s | 8 A p r i l 2 0 2 5 60
Slide 61: Net financial items | Tax Rate
Net financial items | Tax Rate Q1-3 Q1-3 €m 2024|25 2023|24 Change Net interest expense (21.9) (21.7) -0.9% Currency translation differences (2.7) (13.7) +80.3% Other financial items 0.3 (2.3) +113.0% Total (24.3) (37.7) +35.5% Q1-3 Q1-3 €m Change 2024|25 2023|24 Profit before tax 26.8 111.7 -76.0%
Slide 62: Consolidated cashflow statement (condensed)
Consolidated cashflow statement (condensed) Q1-3 Q1-3 €m 2024|25 2023|24 Change Operating cash flow before changes in working capital 165.8 275.9 -39.9% Changes in working capital 27.6 (137.1) +120.1% Total in interest paid/received and tax paid (42.1) (34.0) -23.9% Net cash from operating activitie
Slide 63: Consolidated balance sheet (condensed)
Consolidated balance sheet (condensed) €m 30 Nov 2024 29 Feb 2024 Change Non-current assets 1,025.9 1,031.2 -0.5% Current assets 1,782.3 1,858.2 -4.1% Total assets 2,808.2 2,889.4 -2.8% Total equity and liabilities 1,213.1 1,248.4 -2.8% Non-current liabilities 578.2 628.7 -8.0% Current liabilities 1
Slide 64: Financial structure
Financial structure Due within Due after more €m 29 Feb 2024 1 year than 1 year 28 Feb 2023 Borrowings 742.4 218.8 523.6 820.6 Securities and cash (equivalents) (106.3) (135.7) Net debt 636.1 684.9 Credit lines 1,174.8 420.8 754.0 1,152.4 Average effective interest rate 3.92% 2.78% A G R A N A | I n
Slide 65: Capex evolution
Investment over the last 15 years Capex evolution GROUP Fruit Starch Sugar Deprec. €m 183.8 149.8 149.7 140.9 130.0 127.3 116.0 114.7 ~120 97.1 102.9 91.2 82.4 72.3 55.9 A G R A N A | I nve s t o r C o n fe r e n c e Z u e r s | 8 A p r i l 2 0 2 5 65
Slide 66: Dividend and EPS development
AGRANA Group Dividend and EPS development 3 Dividend for 2023|24: 2.63 € 0.90 per share 3 2.24 EPS adj. 1.78 2 1.85 1.69 1.46 EPS adj. 2 1.43 EPS adj. 1.52 0.96 0.96 1.00 1.04 1 0.77 1.13 0.90 0.90 0.90 0.90 0.90 0.90 1.00 1.00 0.75 0.85 1 0.45 0.41 0.25 0 (0.20) -1 2012|13 2013|14 2014|15 2015|16 2
Slide 67: Preliminary Results 2024|25
THE NATURAL UPGRADE Preliminary Results 2024|25 A G R A N A | I nve s t o r C o n fe r e n c e Z u e r s | 8 A p r i l 2 0 2 5 67
Slide 68: Restructuring-related exceptional items reduce Group EBIT for 2024|25
Ad-hoc announcement as of 25 March 2025 Restructuring-related exceptional items in fourth quarter reduce Group EBIT for 2024|25 ▪ During preparation of the AGRANA Group’s consolidated financial statements for the year ended 28 February 2025, a preliminary, unaudited operating profit of € 76.5 millio
Slide 69: Overview – preliminary, unaudited figures 2024|25
2024|25 financial year Overview – preliminary, unaudited figures 2024|25 Revenue: € 3,514.0 m Operating profit 1 : € 76.5 m -7.2% -56.7% (FY 2023|24: € 3,786.9 m) (FY 2023|24: € 176.7 m) Share of JV results 2 : € 5.5 m Exceptional items expense of € 36.4 m +292.9% -34.8% (FY 2023|24: € 1.4 m) (FY 20
Slide 70: Outlook for 2024|25
AGRANA Segments Outlook for 2024|25 FRUIT STARCH Revenue Slight increase* Revenue Moderate reduction* EBIT Significant increase* EBIT Significant reduction* SUGAR Revenue Significant reduction* EBIT Very significant reduction* * The se qua ntita ti ve te rms a s used in this Outlook
Slide 71: Financial calendar
FY 2024|25 and FY 2025|26 Financial calendar 9 May 2025 10 July 2025 Results for full year 2024|25 (annual results press conference) Record date for dividend 24 June 2025 14 July 2025 Record date for participation in Annual General Meeting Dividend payment date 4 July 2025 9 October 2025 Annual Gene
Slide 72: Contacts
Contacts Investor Relations Mr. Hannes Haider Phone: +43-1-211 37-12905 Email: investor.relations@agrana.com AGRANA Beteiligungs-AG Friedrich-Wilhelm-Raiffeisen-Platz 1 1020 Vienna, Austria www.agrana.com/en AGRANA Investor Relations: www.agrana.com/en/ir A G R A N A | I nve s t o r C o n fe r e n c
Slide 73: Disclaimer
Disclaimer This presenta tion is be ing provide d to you solely for your informa tion a nd ma y not be reproduced or further distributed to a n y other person or published, in whole or in pa rt, for a ny purpose. This presenta tio n comprises the written ma teria ls/slides for a presenta tion concer
AGRANA Beteiligungs-AG — Investor Conference Zuers (RBI & ODDO BHF) 2025 on 6ix