Suedzucker AG · XETR:SZU
Suedzucker — Südzucker Group — Non-Deal Roadshow (June 2010)
71 slides from Suedzucker's roadshow presentation, June 2010
Slide 1: Südzucker Group Investor Roadshow – June 2010
Südzucker Group Thomas Kölbl (CFO) Investor Roadshow – June 2010
Slide 2: Agenda
FINANCIAL TRANSPARENCY Agenda 1. Overview and strategic objectives page 3 2. Financial Highlights page 7 3. Annual Financial Statement 2009/10 page 13 4. Development of Segments Sugar page 26 Special Products page 33 CropEnergies page 42 Fruit page 47 5. Outlook page 51 6. Appendix Long-te
Slide 3: Südzucker Group at a glance
FINANCIAL TRANSPARENCY Südzucker Group at a glance Global food company with headquarters Group revenues 5.7 bn € * and stock quotation in Germany (MDAX, MSCI; Market Cap ~ 3 bn €) Sugar Approx. 70 % of revenues generated (55%) outside Germany Fruit Defensive, non-cyclical business model (14%)
Slide 4: Südzucker Group: Market Position and Strategic Objectives
FINANCIAL TRANSPARENCY Südzucker Group: Market Position and Strategic Objectives Segment/Division Market Position Strategy / Main Drivers Taking advantage of transition period within the sugar industry via … Sugar #1 in Europe … further enhancement of leading market position in Europe; especially
Slide 5: Revenue: Back on track after successful transformation
FINANCIAL TRANSPARENCY Back on track after successful transformation Pre-Reform Transition Period Post-Transition Period 2003/04 2010/11e 5.9 bn € - 08/09 Revenue 26% 4.6 bn € ~5.7 bn € 74% Op. Profit 30% 479 mn € ~450 mn € 70% 233 mn € - 07/08 Sugar Special Products CropEnergies Fruit Südzucker Gro
Slide 6: Agenda
FINANCIAL TRANSPARENCY Agenda 1. Overview and strategic objectives page 3 2. Financial Highlights page 7 3. Annual Financial Statement 2009/10 page 13 4. Development of Segments Sugar page 26 Special Products page 33 CropEnergies page 42 Fruit page 47 5. Outlook page 51 6. Appendix Long-te
Slide 7: Financial Highlights 2009/10 (I)
FINANCIAL TRANSPARENCY Financial Highlights 2009/10 (I) Group revenues decline by 3% to 5.7 (5.9) bn € Group operating profit increase by 56% to 403 (258) mn € Segment sugar shows further significant earnings improvement to 217 (137) mn € in light of cost reductions and reduced charges from th
Slide 8: Financial Highlights 2009/10 (II)
FINANCIAL TRANSPARENCY Financial Highlights 2009/10 (II) 2008/09 2009/10 Revenue 5.9 bn € 5.7 bn € Operating 258 mn € 403 mn € Profit Net profit 183 mn € 276 mn € Earnings per 0.86 € 1.06 € share Dividend per 0.40 € 0.45 € * share * Proposal Südzucker Group, Seite 8
Slide 9: Financial Highlights 2009/10 (III)
FINANCIAL TRANSPARENCY Financial Highlights 2009/10 (III) 2008/09 2009/10 Sugar 137 mn € 217 mn € Special Operating Profit 108 mn € 138 mn € Products CropEnergies 18 mn € 12 mn € Fruit -5 mn € 36 mn € Group 258 mn € 403 mn € Südzucker Group, Seite 9
Slide 10: Financial Highlights 2009/10 (IV)
FINANCIAL TRANSPARENCY Financial Highlights 2009/10 (IV) 2008/09 2009/10 Investments* 384 mn € 216 mn € Cashflow 504 mn € 553 mn € Net Financial 1,633 mn € 1,065 mn € Debt Liquidity ~1.7 bn € ~2.5 bn € Successful placement of Financing Promissory Note (150 mn €) Convertible bond (283 mn €), Coup
Slide 11: Group – Key Figures
FINANCIAL TRANSPARENCY Group – Key Figures (mn €) 2009/10 2008/09 2007/08 Revenues 5.718 5.871 5.780 EBITDA 645 489 489 EBITDA-Margin 11,3% 8,3% 8,5% Operating profit 403 258 233 Operating Margin 7,0% 4,4% 4,0% Restructuring and special items -10 87 -44 Income from operations (EBIT) 392 345 189 Cash
Slide 12: Agenda
FINANCIAL TRANSPARENCY Agenda 1. Overview and strategic objectives page 3 2. Financial Highlights page 7 3. Annual Financial Statement 2009/10 page 13 4. Development of Segments Sugar page 26 Special Products page 33 CropEnergies page 42 Fruit page 47 5. Outlook page 51 6. Appendix Long-te
Slide 13: Revenue development
FINANCIAL TRANSPARENCY Revenue development (mn €) 5900 5850 5800 -166 5750 -30 43 5700 Sugar 1 Special Fruit Crop 5650 5,871 Products Energies 5600 5,718 5550 5500 5450 5400 2008/09 2009/10 Südzucker Group, page 13
Slide 14: Operating profit development
FINANCIAL TRANSPARENCY Operating profit development (mn €) 450 -6 400 42 Crop Energies 30 Fruit 350 Special 300 81 Products 403 250 Sugar 200 258 150 100 2008/09 2009/10 Südzucker Group, page 14
Slide 15: Result from restructuring and special items
FINANCIAL TRANSPARENCY Result from restructuring and special items (mn €) 2009/10 2008/09 ∆ Operating profit 403 258 145 Restructuring & special items -10 87 -97 thereof Sugar -16 102 -119 thereof Special Products 12 -4 16 thereof CropEnergies -2 -11 9 thereof Fruit -4 0 -4 Income from operations (E
Slide 16: Earnings before income taxes
FINANCIAL TRANSPARENCY Earnings before income taxes (mn €) 2009/10 2008/09 ∆ Income from operations (EBIT) 392 345 47 Income from associated companies 2 22 -20 Financial expense -46 -135 89 Earnings before income taxes 348 232 116 Income from associated companies mainly includes the company‘s shar
Slide 17: Earnings per share
FINANCIAL TRANSPARENCY Earnings per share (mn €) 2009/10 2008/09 ∆ Earnings before income taxes 348 232 116 Taxes on income -72 -49 -23 Consolidated net earnings 276 183 93 thereof Südzucker AG shareholders 200 162 38 thereof hybrid capital 26 26 0 thereof other minority interest 50 -5 55 Earnings p
Slide 18: Investments and depreciation
FINANCIAL TRANSPARENCY Investments and depreciation (mn €) 2009/10 2008/09 ∆ 2009/10 Fixed Assets 216 384 -168 Depreciation 243 Sugar 107 124 -17 Sugar 114 Special Products 50 60 -10 Special Products 71 CropEnergies 34 170 -136 CropEnergies 21 Fruit 26 31 -4 Fruit 37 Financial Assets 17 40 -23 Sugar
Slide 19: Net Financial Debt reduction due to …
FINANCIAL TRANSPARENCY Net Financial Debt reduction due to … (mn €) Cash inflow EU restructuring assistance Maintenance capex in 446 mn € (June 2009) established capacities Payment to EU restructuring fund -363 (-551) mn € 553 52 54 -133 Cash Flow 274 Dividends Cap. Disposal of -233 1.633 1,63
Slide 20: Balance sheet ratios
FINANCIAL TRANSPARENCY Balance sheet ratios (mn €) 28.02.2010 28.02.2009 29.02.2008 Total assets 7.398 7.709 7.917 Equity 3.500 3.229 3.300 Equity ratio 47,3% 41,9% 41,7% Net Financial Debt (NFD) 1.065 1.633 1.508 Gearing (NFD/Equity) 30,4% 50,6% 45,7% Cashflow 553 504 498 NFD/Cashflow 1,9x 3,2x 3,0
Slide 21: Liquidity profile
FINANCIAL TRANSPARENCY Liquidity profile (mn €) 2008/09 2009/10 Net financial debt -1.633 -1.065 Cash & cash equivalents / securities 413 695 Gross financial debt -2.046 -1.760 Long-term financial debt -1.154 -1.120 Short-term financial debt -892 -640 Bank credit lines: 1.421 1.234 undrawn 511 558 S
Slide 22: Financing maturity profile further enhanced
FINANCIAL TRANSPARENCY Financing maturity profile further enhanced* June 2010 6.25% Bond 2000/2010, 300 mn € February 2012 5.75% Bond 2002/2012, 500 mn € Syndicated loan, 600 mn €, no covenants July 2012 margin max. 35 bp, short-term borrowing facility 1 week < 1 year volume 2009/10: 0 mn € Apri
Slide 23: Segments: Return on Capital Employed (RoCE)
FINANCIAL TRANSPARENCY Return on Capital Employed (RoCE) 2007/08 2008/09 2009/10 Sugar 2.2% 5.0% 7.5% Special Prod. 9.0% 8.4% 10.5% Segments CropEnergies 10.0% 8.2% 2.3% Fruit 5.6% neg. 5.5% RoCE 4.7% 5.2% 7.5% Group Operating Profit 233 mn € 258 mn € 403 mn € Capital Employed 5,005 mn € 4,923 mn €
Slide 24: Performance versus Outlook 2009/10 – targets achieved
FINANCIAL TRANSPARENCY Performance versus Outlook 2009/10 targets achieved Outlook 2009/10 Reported 2009/10 Revenue prior year‘s level 5.7 bn € Operating Profit ~400 mn € 403 mn € Investments* ~250 mn € 216 mn € Net Financial Debt ~1.1 – 1.2 bn € deutliche 1,065 mn € Ergebniserholung * exc
Slide 25: Agenda
FINANCIAL TRANSPARENCY Agenda 1. Overview and strategic objectives page 3 2. Financial Highlights page 7 3. Annual Financial Statement 2009/10 page 13 4. Development of Segments Sugar page 26 Special Products page 33 CropEnergies page 42 Fruit page 47 5. Outlook page 51 6. Appendix Long-te
Slide 26: Segment Sugar: Development 2009/10 (I)
FINANCIAL TRANSPARENCY Segment Sugar: Development 2009/10 (I) (mn €) 2009/10 2008/09 2007/08 Revenues 3.154 3.320 3.464 EBITDA 331 255 213 EBITDA-Margin 10,5% 7,7% 6,1% Operating profit 217 137 60 Operating Margin 6,9% 4,1% 1,7% Restructuring and special items -16 102 -20 Income from operations (EBI
Slide 27: Segment Sugar: Development 2009/10 (II)
FINANCIAL TRANSPARENCY Segment Sugar: Development 2009/10 (II) Revenue (mn €) Temporarily higher non-quota sugar exports were not enough to compensate 3,320 3,154 for the lower quota sugar sales revenues. 2008/09 2009/10 Operating profit (mn €) Cost savings through factory closures and other mea
Slide 28: EU sugar market - supply and demand
FINANCIAL TRANSPARENCY EU sugar market* - supply and demand World Market EU Production EU Demand World Market „Quota sugar“ ~16-17 mn t 3-4 mn t ~13 mn t o/w SZ: Mauritius ~0.4 mn t Raw sugar imports for raffination through SZ ~0.3 mn t Demand** Production** 163 mn t 156 mn t o/w SZ 3.2 mn t o/w
Slide 29: EU quota sugar production - sugar marketing year 2009/10
FINANCIAL TRANSPARENCY EU quota sugar production - sugar marketing year* 2009/10 Market share** EU quota sugar production Südzucker quota share per country (in %) Great Britain Südzucker Nordzucker Group (15 %) (24 %) Poland Germany 25 British Sugar 72 Belgium 25 (12 %) Czech Slovakia 40 Republic 39
Slide 30: Cooperation with Mauritius strengthens distribution power
FINANCIAL TRANSPARENCY Cooperation with Mauritius strengthens distribution power Exclusive distributor of ~ 400,000 tonnes p.a. sugar contingent from Mauritius into the EU until 2015 Imported sugar volume… …leverages European distribution platform …supports core regions …supports market po
Slide 31: Segment Sugar: Outlook 2010/11
FINANCIAL TRANSPARENCY Segment Sugar: Outlook 2010/11 Sales revenue reduction as of 1st of October 2009 takes effect Revenue on full financial year basis for the first time Higher volume of imported Mauritian sugar Overall leading to a reduction in revenues End of the restructuring phase in
Slide 32: Agenda
FINANCIAL TRANSPARENCY Agenda 1. Overview and strategic objectives page 3 2. Financial Highlights page 7 3. Annual Financial Statement 2009/10 page 13 4. Development of Segments Sugar page 26 Special Products page 33 CropEnergies page 42 Fruit page 47 5. Outlook page 51 6. Appendix Long-te
Slide 33: Segment Special Products: Development 2009/10 (I)
FINANCIAL TRANSPARENCY Segment Special Products: Development 2009/10 (I) * (mn €) 2009/10 2008/09 2007/08 Revenues 1.396 1.427 1.283 EBITDA 209 172 164 EBITDA-Margin 14,9% 12,1% 12,8% Operating profit 138 108 107 Operating Margin 9,8% 7,6% 8,3% Restructuring and special items 12 -4 -14 Income from o
Slide 34: Segment Special Products: Development 2009/10 (II)
FINANCIAL TRANSPARENCY Segment Special Products: Development 2009/10 (II) Revenue (mn €) Lower sales revenues as a result of lower raw material prices - in division starch - as main driver for revenue decline. Despite 1,427 1,396 difficult economic environment, all other divisions on prior year‘s
Slide 35: Segment Special Products: Development 2009/10 (III)
FINANCIAL TRANSPARENCY Segment Special Products: Development 2009/10 (III) Revenues (mn €) BENEO: World market leader with CAGR 2005/06-2009/10: ~7 % Premium food ingredients like 1,427 1,396 Isomalt, Inulin, Oligofructose or rice 1,283 starch 1,079 1,161 Freiberger: Private-label chilled and de
Slide 36: Segment Special Products: Division BENEO
FINANCIAL TRANSPARENCY Segment Special Products: Division BENEO BENEO Group bundles Functional Food-operations Worldwide unchanging growing demand for Functional Food ingredients in view of increasing competition Increase in awareness for healthy food and growing per- capita income (emerging m
Slide 37: Segment Special Products: Division Starch
FINANCIAL TRANSPARENCY Segment Special Products: Division Starch* Well established player as manufacturer of specialty starches for the paper, textile, cosmetics, pharmaceutical and construction industries Principal focus on organic and GM-free starches for the food industry Niche strategy all
Slide 38: Segment Special Products: Division Freiberger
FINANCIAL TRANSPARENCY Segment Special Products: Division Freiberger Freiberger produces and markets chilled and frozen pizzas as well as frozen pasta and baguettes Solutions are specifically geared toward the strategies of its business partners: retail industry, caterers and food service operat
Slide 39: Segment Special Products: Division PortionPack Europe
FINANCIAL TRANSPARENCY Segment Special Products: Division PortionPack Europe European market leader in individually packaged portions for the food and non-food sectors in Central Europe In addition to conventional sugar packets, product range includes a wide spectrum of other food portion packs
Slide 40: Segment Special Products: Outlook 2010/11
FINANCIAL TRANSPARENCY Segment Special Products: Outlook 2010/11 Volume increase in all divisions, but … Revenue …division starch with revenue decline due to lower raw material prices and resulting sales revenue decrease Overall slight increase in revenues Earnings development in all divisio
Slide 41: Agenda
FINANCIAL TRANSPARENCY Agenda 1. Overview and strategic objectives page 3 2. Financial Highlights page 7 3. Annual Financial Statement 2009/10 page 13 4. Development of Segments Sugar page 26 Special Products page 33 CropEnergies page 42 Fruit page 47 5. Outlook page 51 6. Appendix Long-te
Slide 42: Segment CropEnergies: Development 2009/10 (I)
FINANCIAL TRANSPARENCY Segment CropEnergies: Development 2009/10 (I) * (mn €) 2009/10 2008/09 2007/08 Revenues 362 319 180 EBITDA 33 29 31 EBITDA-Margin 9,2% 9,0% 17,2% Operating profit 12 18 22 Operating Margin 3,3% 5,7% 12,2% Restructuring and special items -2 -11 -5 Income from operations (EBIT)
Slide 43: Segment CropEnergies: Development 2009/10 (II)
FINANCIAL TRANSPARENCY Segment CropEnergies: Development 2009/10 (II) Revenue (mn €) Organic growth through extension of production in Zeitz and ramp-up of bioethanol plant in Wanze. 319 362 2008/09 2009/10 Operating profit (mn €) Increase in volume / Change in contribution margin Higher depre
Slide 44: Segment CropEnergies: Development 2009/10 (III)
FINANCIAL TRANSPARENCY Segment CropEnergies: Development 2009/10 (III) Improvement of political framework Quarterly development – Operating profit (mn €) 8.3 EU: Renewable Energies Directive has been in force since June 2009 4.4 Germany: Federal government wants to 2.4 introduce E10 to the mar
Slide 45: Segment CropEnergies: Outlook 2010/11
FINANCIAL TRANSPARENCY Segment CropEnergies: Outlook 2010/11 Increase in utilization at BioWanze leads to higher production level Revenue Despite volatile pricing environment … … further increase in revenues Despite maintenance shutdown phase in Q1, production facilities in Operating Profit
Slide 46: Agenda
FINANCIAL TRANSPARENCY Agenda 1. Overview and strategic objectives page 3 2. Financial Highlights page 7 3. Annual Financial Statement 2009/10 page 13 4. Development of Segments Sugar page 26 Special Products page 33 CropEnergies page 42 Fruit page 47 5. Outlook page 51 6. Appendix Long-te
Slide 47: Segment Fruit: Development 2009/10 (I)
FINANCIAL TRANSPARENCY Segment Fruit: Development 2009/10 (I) (mn €) 2009/10 2008/09 2007/08 Revenues 806 805 853 EBITDA 72 33 81 EBITDA-Margin 8,9% 4,0% 9,5% Operating profit 36 -5 44 Operating Margin 4,4% neg. 5,1% Restructuring and special items -3 0 -5 Income from operations (EBIT) 32 -5 39 Inve
Slide 48: Segment Fruit: Development 2009/10 (II)
FINANCIAL TRANSPARENCY Segment Fruit: Development 2009/10 (II) Revenue (mn €) Substantially lower sales revenues for apple juice concentrate were offset by significantly higher volumes. Volumes in 805 806 fruit preparations were slightly higher than last year. 2008/09 2009/10 Operating profit (mn
Slide 49: Segment Fruit: Outlook 2010/11
FINANCIAL TRANSPARENCY Segment Fruit: Outlook 2010/11 Impulse through innovation and development of new markets in Revenue division fruit preparations Extension of assortment and development of new regional markets leads to volume increase in division fruit juice concentrates Overall expected
Slide 50: Agenda
FINANCIAL TRANSPARENCY Agenda 1. Overview and strategic objectives page 3 2. Financial Highlights page 7 3. Annual Financial Statement 2009/10 page 13 4. Development of Segments Sugar page 26 Special Products page 33 CropEnergies page 42 Fruit page 47 5. Outlook page 51 6. Appendix Long-te
Slide 51: Normalisation of NFD trend continues in 2010/11
FINANCIAL TRANSPARENCY Normalisation of NFD trend continues in 2010/11 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 -2,300 FY 2005/06 FY 2006/07 FY 2007/08 FY 2008/09 FY 2009/10 -2,100 -1,854 -1,920 +446 mn € -1,900 -1,858 Cash in -1,700 restructuring aid -1,672 -1,633 -1,508
Slide 52: Group: Outlook 2010/11
FINANCIAL TRANSPARENCY Group: Outlook 2010/11 Revenue Operating Profit Sugar Special Products CropEnergies Fruit Group On prior year‘s level ~ 450 mn € (~ 5.7 bn €) Investments* ~ 250 mn € Net Financial ~ 900 – 1,000 mn € Debt *excl. investments in financial assets Südzucker Group, page 52
Slide 53: Executive summary
FINANCIAL TRANSPARENCY Executive summary Umsatz in 2007/08, 2008/09 and 2009/10 reached, despite heavy distortion in EU Milestones sugar market and outbreak of the financial and economic crisis End of EU sugar market restructuring phase increases visibility Ongoing high investment discipline
Slide 54: Agenda
FINANCIAL TRANSPARENCY Agenda 1. Overview and strategic objectives page 3 2. Financial Highlights page 7 3. Annual Financial Statement 2009/10 page 13 4. Development of Segments Sugar page 26 Special Products page 33 CropEnergies page 42 Fruit page 47 5. Outlook page 51 6. Appendix Long-te
Slide 55: Long-term development
FINANCIAL TRANSPARENCY Long-term development Pre-Reform Transition Period Post-Transition Period Actual Actual Actual Actual Actual Actual Actual Outlook (mn €) 2003/04 2004/05 2005/06 2006/07 2007/08 2008/09 2009/10 2010/11e Revenues 4.575 4.827 5.347 5.765 5.780 5.871 5.718 ~ 5.700 EBITDA 677 723
Slide 56: Return on Capital Employed (RoCE)
FINANCIAL TRANSPARENCY Return on Capital Employed (RoCE) 2009/10 2008/09 2009/10 (mn €) RoCE RoCE Op. Profit Cap. Employed Südzucker Group 7,5% 5,2% 403 5.374 Sugar 7,5% 5,0% 217 2.890 Special Products 10,5% 8,4% 138 1.309 CropEnergies 2,3% 8,2% 12 525 * Fruit 5,5% neg. 36 650 * Adjustment segment f
Slide 57: Liquidity profile end of period
FINANCIAL TRANSPARENCY Liquidity profile end of period (mn €) Q4 2008/09 Q1 2009/10 Q2 2009/10 Q3 2009/10 Q4 2009/10 Net financial debt -1.633 -1.858 -962 -893 -1.065 Cash & cash equivalents / securities 413 419 872 900 695 Gross financial debt -2.046 -2.277 -1.834 -1.793 -1.760 Long-term financial
Slide 58: Group balance sheet
FINANCIAL TRANSPARENCY Group balance sheet (mn €) Assets Liabilities 28.02.2009 28.02.2010 28.02.2009 28.02.2010 1,641 Other current 1,536 1,976 (21.3 %) assets (20.7 %) 2,539 Current liabilities (26.7 %) (32.9 %) 1,997 1,751 Inventories (23.7 %) (25.9 %) 1,922 1,940 Non-current (26.0 %) (25.2 %) li
Slide 59: Group balance sheet
FINANCIAL TRANSPARENCY Group balance sheet (mn €) 28.02.2010 28.02.2009 (mn €) 28.02.2010 28.02.2009 Intangible assets 1.189 16,1% 1.181 15,3% Equity attributable to shareholders of SZ AG 2.271 30,7% 2.047 26,5% Property, plant, equipement 2.552 34,5% 2.569 33,3% Hybrid capital 684 9,2% 684 8,9% Sha
Slide 60: Agenda
FINANCIAL TRANSPARENCY Agenda 1. Overview and strategic objectives page 3 2. Financial Highlights page 7 3. Annual Financial Statement 2009/10 page 13 4. Development of Segments Sugar page 26 Special Products page 33 CropEnergies page 42 Fruit page 47 5. Outlook page 51 6. Appendix Long-te
Slide 61: Revenue by region 2009/10
FINANCIAL TRANSPARENCY Revenue by region 2009/10 Rest of world Germany (8.3 %) (29.9 %) EU 12 5,718 mn € (12.9 %) EU 15 (48.9 %) Südzucker Group, page 61
Slide 62: Segment Sugar: Campaign SMY 2009/10
FINANCIAL TRANSPARENCY Segment Sugar: Campaign SMY 2009/10 Beet growers: 46,000 (47,600) Beet acreage: 401,000 (370,000) ha Sugar factories (incl. refineries): 32 (33) Beet processing: 28.4 (25.0) mn tons Sugar production: 4.8 (4.2) mn tons thereof from beets: 4.4 (3.9) mn tons thereof
Slide 63: Südzucker well positioned in Beet Belt
FINANCIAL TRANSPARENCY Südzucker well positioned in „Beet Belt“ Poland Germany Belgium Czech Republic Moldova Slovakia Austria France Hungary Romania Südzucker Group, page 63
Slide 64: Segment Sugar: Factory structure and cost savings
FINANCIAL TRANSPARENCY Segment Sugar: Factory structure and cost savings Factory structure Cost savings (in mn €) 52 46 14.000 45 42 41 150 148 146 33 32 32 40144 142 140 138 136 134 12.000 132 130 128 126 20124 122 120 118 116 114 10.000 112 110 108 106 104 0 102 100 98 96 94 92 90 8.000 88 86 -208
Slide 65: Quotation for sugar in € / ton
FINANCIAL TRANSPARENCY Price development for raw and white sugar (NYMEX, LIFFE, EU) 600 550 500 Quotation for sugar in € / ton 450 400 350 300 250 200 20.02.2009 20.03.2009 20.04.2009 20.05.2009 20.06.2009 20.07.2009 20.08.2009 20.09.2009 20.10.2009 20.11.2009 20.12.2009 20.01.2010 20.02.2010 20.03.
Slide 66: Bioethanol: Further EU support fuels potential
FINANCIAL TRANSPARENCY Bioethanol: Further EU support fuels potential Renewable Energies Directive Development EU bioethanol production Mandatory blending rate for renewable energies of 10% in 2020 2,000 Introduction of sustainability criteria 1,500 (e. g. reduction of greenhouse gas ,000 m3 1
Slide 67: Bioethanol: The alternative fuel
FINANCIAL TRANSPARENCY Bioethanol: The alternative fuel Convenient handling, comparable to fossil fuel Liquid; using existing tanks and station infrastructure Easy filling under atmospheric pressure with existing security systems Established vehicle technology Up to 10% (low blends) no m
Slide 68: Price development wheat and maize (MATIF, Paris)
FINANCIAL TRANSPARENCY Price development wheat and maize (MATIF, Paris) 170 160 150 € / ton 140 130 120 110 20.03.2009 20.04.2009 20.05.2009 20.06.2009 20.07.2009 20.08.2009 20.09.2009 20.10.2009 20.11.2009 20.12.2009 20.01.2010 20.02.2010 20.03.2010 20.04.2010 20.05.2010 Wheat price MATIF (Future c
Slide 69: Segment Fruit – with leading positions in both divisions
FINANCIAL TRANSPARENCY Segment Fruit – with leading positions in both divisions Overview Revenue (in mn €) Division Fruit preparations: World market leader * Financial year adjustment Customers: dairy, baking and ice cream industry 915* 12 months Division Fruit juice concentrates: Leading Euro
Slide 70: Segment Fruit: Production facilities
FINANCIAL TRANSPARENCY Segment Fruit: Production facilities Südzucker Group, page 70
Slide 71: Financial calendar, contact and disclaimer
FINANCIAL TRANSPARENCY Financial calender 1st quarter report 2010/11 July 14, 2010 Annual general meeting for 2009/10 July 20, 2010 2nd quarter report 2010/11 October 14, 2010 3rd quarter report 2010/11 January 13, 2011 Press and analysts‘ conference for 2010/11 May 18, 2011 1st quarter report 2011/