Agrana Beteiligungs-ag · VIE:AGR
Agrana Beteiligungs-ag — FY2024|25 Earnings Presentation
34 slides from Agrana Beteiligungs-ag's earnings presentation, May 22, 2025
Slide 1: Teach-in - virtual group meeting
THE NATURAL UPGRADE Teach-in - virtual group meeting AGRANA Beteiligungs-AG, 22 May 2025 Presentation after FY 2024|25 results publ. AGRANA Online report 2024|25: reports.agrana.com/en A G R A N A | V i r t u a l I nve s t o r m e e t i n g | 2 2 M a y 2 0 2 5 1
Slide 2: Annual Results 2024|25
THE NATURAL UPGRADE Annual Results 2024|25 AGRANA Key Figures: www.agrana.com/en/ir/key- figures-agrana-group/key-figures A G R A N A | V i r t u a l I nve s t o r m e e t i n g | 2 2 M a y 2 0 2 5 2
Slide 3: Overview - Highlights
2024|25 financial year Overview - Highlights ▪ Business performance in the FY 2024|25 unfortunately not satisfactory ▪ Economic activity in Europe sluggish; Austria and Germany in recession ▪ Volatility (raw materials and energy purchasing) continues to be high ▪ Operating in a less predictable mark
Slide 4: Overview – Key figures
2024|25 financial year Overview – Key figures Revenue: € 3,514.0 m EBIT: € 40.5 m –7.2% –73.2% (2023|24: € 3,786.9 m) (2023|24: € 151.0 m) Free cash flow: € 259.1 m Equity ratio: 45.4% +100.5% +2.2pp (2023|24: € 129.2 m) (2023|24: 43.2%) Net debt: € 436.4 m Gearing ratio: 35.5% –31.4% –15.5pp (2023|
Slide 5: Consolidated income statement
Consolidated income statement €m (condensed) 2024|25 2023|24 Change Revenue 3,514.0 3,786.9 –7.2% EBITDA 1 190.9 291.1 –34.4% Operating profit before except. items and results of equity-accounted JV 76.5 176.7 –56.7% Share of results of equity-accounted JV 0.5 1.4 –64.3% Exceptional items (36.4) (27
Slide 6: Exceptional items
Exceptional items Split by segment €m 2024|25 2023|24 Change Exceptional items (36.4) (27.0) –34.6% thereof Fruit segment (2.0) (24.7) +91.7% Starch segment (6.1) 0.0 – Sugar segment (28.3) (2.3) –1,128.3% Split by category €m 2024|25 2023|24 Change Exceptional items (36.4) (27.0) –34.6% thereof Imp
Slide 7: EU vs sugar world market prices
Sugar price reporting EU vs sugar world market prices € Source: Sugar Market situation; European Commission, published on 24 April 2025 A G R A N A | V i r t u a l I nve s t o r m e e t i n g | 2 2 M a y 2 0 2 5 7
Slide 8: Revenue by segment
FY 2024|25 vs prior year Revenue by segment Fruit segment: ▪ Fruit preparations: revenue increased slightly, driven both by prices and volumes Group ▪ Fruit juice concentrates: revenue was €m significantly higher year-on-year for price reasons 3,786.9 3,514.0 Starch segment: ▪ Market prices for the
Slide 9: EBIT by segment
FY 2024|25 vs prior year Fruit segment: ▪ EBIT included negative net exceptional items of € 2.0 m, EBIT by segment primarily for reorganisation measures in the fruit preparations business; in the previous year, impairment totalling € 24.7 m had been recognised (primarly on assets in Asia) ▪ Fruit pr
Slide 10: Dividend proposal
2024|25 financial year Dividend proposal ▪ Dividend proposal to the Annual General Meeting (4 July 2025): € 0.70 per share for the 2024|25 financial year (2023|24: € 0.90 per share) ▪ Dividend yield (based on the closing share price at the last balance sheet date): 6.6% ▪ AGRANA is committed to a pr
Slide 11: Outlook for 2025|26
AGRANA Group Outlook for 2025|26 EBIT 2025|26 ➔ Revenue 2025|26 ▪ AGRANA expects a steady performance in terms of operating profit (EBIT) ▪ Group revenue is projected to show a slight reduction ▪ Total investment across the three business segments, at approximately € 120 million, slightly above bu
Slide 12: Outlook for 2025|26 – Segments
AGRANA Segments Outlook for 2025|26 FRUIT STARCH Revenue Slight increase* Revenue ➔ Steady* EBIT Significant reduction* EBIT Significant increase* SUGAR Revenue Significant reduction* EBIT Moderate improvement* * The se qua ntita ti ve te rms a s used in this Outlook section a re define
Slide 13: Outlook for first quarter of 2025|26
AGRANA Group Outlook for first quarter of 2025|26 Q1 2024|25 (3 months) EBIT: € 32.3 million Q1 2025|26 Very significant decline in EBIT is expected compared to the year-earlier EBIT quarter This reflects the fact that the earnings situation in the Sugar segment before exceptional items is projected
Slide 14: ESG
THE NATURAL UPGRADE ESG 2024|25 financial year AGRANA Sustainability: www.agrana.com/en/sustainability A G R A N A | V i r t u a l I nve s t o r m e e t i n g | 2 2 M a y 2 0 2 5 14
Slide 15: Sustainability targets of the AGRANA Group
Sustainability targets of the AGRANA Group Climate change mitigation and resource efficiency Areas of action Targets and KPI FY 2024|25 50% absolute reduction of Scope 1 and 2 GHG emissions by 2030 and net-zero emissions On track by 2040 Reduction of GHG emissions| SBTi-verified climate targets Appr
Slide 16: Sustainability targets of the AGRANA Group
Sustainability targets of the AGRANA Group Social and Governance Areas of action Targets and KPI FY 2024|25 Workplace safety Reduction of lost time injury rate (LTIR) to 5.0 by 2026/27 5.6 Equality 30% share of women in management positions by 2030 28.4% Code of Conduct awareness campaign for blue-c
Slide 17: Strategy “NEXT LEVEL“
THE NATURAL UPGRADE Strategy “NEXT LEVEL“
Slide 18: Implementation status of the NEXT LEVEL strategy
AGRANA NEXT LEVEL Implementation status of the NEXT LEVEL strategy ▪ Implementation of the new structure began in November 2024 ▪ First step is to transform the holding company into a strategic holding company ▪ In the FY 2024|25 already focused on optimising working capital and net debt ▪ Optimisat
Slide 19: Challenges necessitated a new strategy
Background “NEXT LEVEL” Challenges necessitated 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 c
Slide 20: 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 21: 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 22: 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 23: 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 24: 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 25: Commodities division with core competencies in raw materials management
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 26: Customer-centric solutions division with a focus on product development
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 27: 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 28: Priorities for implementation in FY 2024|25 and FY 2025|26
Conclusion “NEXT LEVEL” Priorities for implementation in FY 2024|25 and FY 2025|26 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 29: Up to € 100m were identified as the 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 30: 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 | V i r t u a l I nve s t
Slide 31: Restructuring Sugar segment
AGRANA NEXT LEVEL Restructuring Sugar segment ▪ Current market situation and business outlook for the Sugar segment demand a quick structural, personnel and logistical consolidation of this business ▪ Accordingly, on 12 March 2025 the AGRANA Supervisory Board approved proposal of the Management Boar
Slide 32: Financial calendar
FY 2025|26 Financial calendar 24 June 2025 14 July 2025 Record date for participation in Annual General Meeting Dividend payment date 4 July 2025 9 October 2025 Annual General Meeting in respect of 2024|25 Results for first half of 2025|26 9 July 2025 13 January 2026 Ex-dividend date Results for fir
Slide 33: 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
Slide 34: 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 | V i r t u a l I nve s t o r m
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