Agrana Beteiligungs-ag · VIE:AGR
Agrana Beteiligungs-ag — FY2025|26 Earnings Presentation
44 slides from Agrana Beteiligungs-ag's earnings presentation, May 12, 2026
Slide 1: AGRANA Q4 Conference Call Presentation
AGRANA Q4 Conference Call Presentation Annual Results for 2025|26 Vienna, 12 May 2026 AGRANA Online Report 2025|26: reports.agrana.com/en
Slide 2: Agenda
2025|26 FINANCIAL YEAR Agenda 1 2 3 Overview/Highlights Segments & Financial outlook & Raw mat., invest., 2026|27 Financials ESG AGRANA Online report 2025|26: reports.agrana.com/en A G R A N A | A n n u a l R e s u l t s fo r 2 0 2 5 | 2 6 | 1 2 M a y 2 0 2 6 2
Slide 3: 01 Overview & Highlights
01 Overview & Highlights A oe 9): q >
Slide 4: We are on track… (in a challenging environment)
2025|26 FINANCIAL YEAR – HIGHLIGHTS We are on track… (in a challenging environment) ▪ Environment characterised by uncertainty, intense competition and volatile commodity markets ▪ Challenges, exacerbated by the war in the Middle East, are not a temporary phase – they will remain part of our new rea
Slide 5: Key figures (1)
2025|26 FINANCIAL YEAR Key figures (1) Revenue Operating profit 1 Exceptional items EBIT 2 € 3,237.3 € 81.2 € –74.1 € 3.2 million million million million (2024|25: € 3,514.0 m) (2024|25: € 76.5 m) (2024|25: € –36.4 m) (2024|25: € 40.5 m) 1 B E F O R E e x c e pt i o n a l i t e m s a n d r esu l t s
Slide 6: Key figures (2)
2025|26 FINANCIAL YEAR Key figures (2) Free Cashflow Net debt Gearing ratio Equity ratio Ratio of net debt € 127.2 € 421.0 39.2 44.1 million million % % (2024|25: € 259.1 m) (2024|25: € 436.4 m) (2024|25: 35.5 %) (2024|25: 45.4%) A G R A N A | A n n u a l R e s u l t s fo r 2 0 2 5 | 2 6 | 1 2 M a y
Slide 7: We are on track – what we achieved in 2025|26
AGRANA NEXT LEVEL We are on track – what we achieved in 2025|26 ▪ Termination of sugar production at the sites in Leopoldsdorf, Austria, and Hrušovany, Czech Republic (aim of ensuring the stability and sustainability of the Group's sugar production) ▪ Acquisition of all remaining shares in AUSTRIA J
Slide 8: Structural cost savings of € 130 million p.a. by FY 2028|29
AGRANA NEXT LEVEL – COST SAVINGS Structural cost savings of € 130 million p.a. to be achieved by the end of FY 2028|29 Horizon I & II In-year effects of measures (net), in € million 130 130 100 25% Initial target 76mn – 100mn * 80 75% 52 Staff costs Material and other operating costs Target Horizont
Slide 9: Management Board
AGRANA GROUP Management Board First a ppointe d 1 November 2014 First a ppointed 1 November 2025 First a ppointed 1 Ma rch 2024 (CE O since 1 J a nua ry 2024 ) Appointed until 31 October 2028 Appointed until 18 December 2026 Appointe d until 31 October 2028 CEO Stephan Büttner COO Franz Ennser CAO S
Slide 10: 02 Raw materials, investment
02 Raw materials, investment
Slide 11: Agricultural raw materials processed: 7.7 million tonnes
2025|26 FINANCIAL YEAR Agricultural raw materials processed: 7.7 million tonnes Beet 4.3 million tonnes (PY: 6.5) 3% Raw sugar 0.1 million tonnes (PY: 0.1) 9% Grain 2.4 million tonnes (PY: 2.4) Potato 0.2 million tonnes (PY: 0.2) Fruits 0.7 million tonnes (PY: 0.7) 3 Mio. t HIGHLIGHTS 31% Food & Bev
Slide 12: Investment overview
MOST IMPORTANT PROJECTS IN THE GROUP IN FY 2025|26 Investment overview €m Group FY 2025|26 113.7 Food & Beverage Solutions (FBS): 102.9 • Expansion of fruit preparations capacity in Akbou, Algeria • Replacement of the condensate return tank of the boilers in Mitry - Mory, France, under the net-zero
Slide 13: Investment plan for 2026|27
AGRANA GROUP Investment plan for 2026|27 Investment split 2026|27 (€ ~113 million) ▪ Total investment across the three 3% business segments and the Holding Co. & Other area in this financial year, at 11% approximately € 113 million, is expected to be moderately higher than 18% the 2025|26 value, but
Slide 14: 03 ESG
AGRANA Sustainability: www.agrana.com/en/sustainability 03 ESG
Slide 15: Sustainability remains a key priority
AGRANA NEXT LEVEL Sustainability remains a key priority ▪ Greenhouse gas emissions | SBTi climate targets o 50% absolute reduction in GHG emissions in Scope 1 and 2 by 2030 | Net-zero emissions by 2040 o 30% reduction in Scope 3 emissions by 2030 and net-zero emissions by 2050 ▪ Areas of action in F
Slide 16: Energy costs and mix
MOST IMPORTANT PROJECTS IN THE GROUP Energy costs and mix Energy costs Energy mix of the group of the group in FY 2025|26 €m 245.6 41.6 204.1 37.0 FBS 113.5 ACS – Starch 110.1 ACS –Sugar HCO 90.1 56.6 0.4 0.4 0.0% 2024|25 2025|26 A G R A N A | A n n u a l R e s u l t s fo r 2 0 2 5 | 2 6 | 1 2 M a y
Slide 17: 04 Results by segment
04 Results by segment A oe 9): q >
Slide 18: NEW Segment Reporting since March 2025
FINANCIAL REPORTING NEW Segment Reporting since 1 March 2025 OLD: NEW: ▪ Starting with the financial year (2025|26), the segment reporting is Food & Beverage based on a new structure more Fruit segment Solutions (FBS) closely aligned with the strategic segment core activities and value chains of AGR
Slide 19: Revenue by segment
FY 2025|26 VS PREVIOUS YEAR Revenue by segment Group Food & Beverage Solutions (FBS): €m ▪ Revenue rose slightly in the formulation 3,514.0 activities for price reasons 3,237.3 ▪ It decreased moderately in the beverage business amid lower volume 1,630.5 ACS – Starch: 1,647.8 ▪ Lower sales volume of
Slide 20: EBIT by segment
FY 2025|26 VS PREVIOUS YEAR EBIT by segment Food & Beverage Solutions (FBS): EBIT margin €m EBIT margin ▪ In formulations, EBIT was slightly above the year -ago level – 2024|25 2025|26 positive business performance in the Europe region and in North and South America 6.1% 99.7 103.3 6.3% ▪ On the bev
Slide 21: EU vs sugar world market prices
SUGAR PRICE REPORTING EU vs sugar world market prices € Source: Sugar Market situation, European Commission; published on 30 April 2026 A G R A N A | A n n u a l R e s u l t s fo r 2 0 2 5 | 2 6 | 1 2 M a y 2 0 2 6 21
Slide 22: 05 Financials
AGRANA Key Figures: www.agrana.com/en/ir/key- figures-agrana-group/key-figures 05 Financials A G R A N A | A n n u a l R e s u l t s fo r 2 0 2 5 | 2 6 | 1 2 M a y 2 0 2 6 22
Slide 23: Consolidated income statement
FY 2025|26 VS PREVIOUS YEAR Consolidated income statement €m (condensed) 2025|26 2024|25 Change Revenue 3,237.3 3,514.0 –7.9% EBITDA 1 194.8 190.9 +2.0% Operating profit before except. items and results of equity-accounted JV 81.2 76.5 +6.1% Share of results of equity-accounted JV (3.9) 0.5 –880.0
Slide 24: Exceptional items
FY 2025|26 VS PREVIOUS YEAR Exceptional items Split by segment €m 2025|26 2024|25 Change Exceptional items (74.1) (36.4) –103.6% thereof FBS segment (1.3) (2.1) +38.1% ACS – Starch segment 1.0 (6.1) +116.4% ACS – Sugar segment (71.3) (24.7) –188.7% HCO (2.5) (3.5) +28.6% Split by category €m 2025|26
Slide 25: Dividend proposal
2025|26 FINANCIAL YEAR Dividend proposal ▪ Dividend proposal 1 of € 0.35 per share for the 2025|26 financial year (dividend in 2024|25: € 0.70 per share) ▪ Dividend yield 1 of 3.0% based on the share price of € 11.75 at the end of February 2026 ▪ Dividend payment date is 13 July 2026 ▪ The AGRANA is
Slide 26: 06 Financial Outlook
06 Financial Outlook A oe 9): q >
Slide 27: Outlook for 2026|27
AGRANA GROUP Outlook for 2026|27 ➔ ➔ ➔ EBIT 2026|27 Revenue 2026|27 ▪ At Group level for the 2026|27 financial year, operating profit ( EBIT) is expected to increase very significantly from last year, to a range of € 70 to 90 million ▪ Group revenue is projected to show slight growth ▪ Under the cor
Slide 28: Outlook for 2026|27 by segment
AGRANA SEGMENTS Outlook for 2026|27 FOOD & BEVERAGE SOLUTIONS ACS – STARCH Revenue Moderate increase* Revenue ➔ Steady* EBIT Moderate reduction* EBIT Significant increase* ACS – SUGAR Revenue Slight reduction* EBIT Very significant improvement* * T h e s e qu a n t i t a t i v e t e r m
Slide 29: War in Middle East
OUTLOOK FOR 2026|27 War in Middle East ▪ Outbreak of the war in the Middle East on 28 February 2026 -> uncertainty for all AGRANA business segments ▪ Closure of the Strait of Hormuz -> direct and serious impacts on energy prices and shipping routes ▪ AGRANA as processor of agricultural raw materials
Slide 30: Outlook for first quarter of 2026|27
AGRANA Group Outlook for first quarter of 2026|27 Q1 2025|26 (3 months) EBIT: € 5.7 million For the first quarter of 2026|27, a Q1 2026|27 very significant increase in EBIT EBIT is expected compared with the year- earlier quarter. The acquisition of the Slovenian food manufacturer Mercator -Emba d.o
Slide 31: Financial calendar
FY 2025|26 AND FY 2026|27 Financial calendar 23 June 2026 13 July 2026 Record date for participation in Annual General Meeting Dividend payment date 3 July 2026 8 October 2026 Annual General Meeting in respect of 2025|26 Results for first half of 2026|27 8 July 2026 14 January 2027 Ex-dividend date
Slide 32: Online Annual Report
2025|26 FINANCIAL YEAR Online Annual Report AGRANA Online report 2025|26: reports.agrana.com/en A G R A N A | A n n u a l R e s u l t s fo r 2 0 2 5 | 2 6 | 1 2 M a y 2 0 2 6 32
Slide 33: FY 2025|26 – Appendix
FY 2025|26 — Appendix A oe 9): q >
Slide 34: Consolidated cashflow statement
FY 2025|26 VS PREVIOUS YEAR Consolidated cashflow statement €m (condensed) 2025|26 2024|25 Change Operating cash flow before changes in working capital 162.6 217.6 –25.3% Changes in working capital 112.3 195.9 –42.7% Total in interest paid/received and tax paid (75.6) (52.4) –44.3% Net cash from ope
Slide 35: Consolidated balance sheet
28 FEBRUARY 2026 vs 28 FEBRUARY 2025 Consolidated balance sheet €m (condensed) 28 Feb 2026 28 Feb 2025 Change Non-current assets 1,003.8 1,038.1 –3.3% Current assets 1,434.5 1,672.8 –14.2% Total assets 2,438.3 2,710.9 –10.1% Total equity 1,074.5 1,229.7 –12.6% Non-current liabilities 470.7 476.6 –1.
Slide 36: Financial structure
AGRANA GROUP Financial structure Due within Due after more €m 28 Feb 2026 1 year than 1 year 28 Feb 2025 Borrowings 566.4 183.4 383.0 660.3 Securities and cash (equivalents) (145.4) (223.9) Net debt 421.0 436.4 Credit lines 835.9 220.7 615.2 987.8 Average effective interest rate 2.99% 3.55% (as of b
Slide 37: Net financial items | Tax rate
FY 2025|26 VS PREVIOUS YEAR Net financial items | Tax rate €m 2025|26 2024|25 Change Net interest expense (24.9) (30.0) +17.0% Currency translation differences (10.3) (6.2) –66.1% Other financial items (2.4) (0.6) –300.0% Total (37.6) (36.8) –2.2% €m Change 2025|26 2024|25 Loss/(profit) before tax (
Slide 38: Energy costs
SEVEN YEARS DEVELOPMENT Energy costs €m 357.0 300.1 245.6 214.6 204.1 123.7 116.2 2019|20 2020|21 2021|22 2022|23 2023|24 2024|25 2025|26 A G R A N A | A n n u a l R e s u l t s fo r 2 0 2 5 | 2 6 | 1 2 M a y 2 0 2 6 38
Slide 39: NEW Segment Reporting – reconciliation FY 2024|25
FINANCIAL REPORTING NEW Segment Reporting – reconciliation FY 2024|25 Sugar segment OLD >>> ACS – Sugar segment NEW €m 2024|25 2024|25 Diff. = HCO OLD NEW Revenue 869.6 839.2 30.4 EBITDA (33.2) (25.4) (7.8) Operating (loss) (61.1) (48.9) (12.2) Share of results of equity- (1.8) (1.8) 0.0 accounted J
Slide 40: Ethanol (and petrol) prices
ACS – STARCH SEGMENT Ethanol (and petrol) prices FY 2025|26 1 January 2008 – 8 May 2026 FY 2025|26 Close 8 May 2026 Ethanol avg. price: ~651 EUR/m3 ~ –4% vs prior year 891.8 EUR/m3 Ethanol (Platts T2 spec.) Fuel (PU-10PP-ARA) (EUR per m3) A G R A N A | A n n u a l R e s u l t s fo r 2 0 2 5 | 2 6 |
Slide 41: Wheat and corn (Euronext, Paris)
ACS – STARCH SEGMENT Wheat and corn (Euronext, Paris) FY 2025|26 1 January 2008 – 8 May 2026 Closing / Wheat End of Feb 2026 Whea t (Pa ris) 8 May 2026: Wheat 197.5 EUR/t 187.5 E UR /t Corn Corn 214.5 EUR/t Corn (Pa ris) (€ per tonne) 8 May 2026: 211.5 E UR /t A G R A N A | A n n u a l R e s u l t s
Slide 42: World market – sugar quotations
ACS – SUGAR SEGMENT World market – sugar quotations FY 2025|26 1 January 2008 – 8 May 2026 W h i t e su ga r R a w su ga r ( L o n do n # 5 ) (ICE/NY #11) Raw sugar 8 May 2026: 8 May 2026: 432.0 USD/t 323.9 USD/t White sugar = 366.6 E UR /t = 274.9 E UR /t (USD per tonne) A G R A N A | A n n u a l R
Slide 43: Contacts
AGRANA GROUP Contacts Investor Relations Officer Mr. Hannes Haider Phone: +43-1-211 37-12905 E-mail: investor.relations@agrana.com AGRANA Beteiligungs-AG Friedrich-Wilhelm-Raiffeisen-Platz 1 1020 Vienna, Austria www.agrana.com AGRANA Investor Relations: www.agrana.com/en/ir A G R A N A | A n n u a l
Slide 44: Disclaimer
AGRANA GROUP Disclaimer This presentation is being provided to you solely for your information and may not be reproduced or further distributed to an y other person or published, in whole or in part, for any purpose. This presentatio n comprises the written materials/slides for a presentation concer
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