Agrana Beteiligungs-ag · VIE:AGR
Agrana Beteiligungs-ag — FY2024|25 Earnings Presentation
33 slides from Agrana Beteiligungs-ag's earnings presentation, May 9, 2025
Slide 1: Annual Results for 2024|25
THE NATURAL UPGRADE Annual Results for 2024|25 AGRANA Beteiligungs-AG, 9 May 2025 Presentation for investors and analysts AGRANA Online report 2024|25: 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 4 | 2 5 | 9 M a y 2 0 2 5 1
Slide 2: 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 3: 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 4: 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 5: 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 6: Raw materials and production
THE NATURAL UPGRADE Raw materials and production Segments Fruit, Starch and Sugar A G R A N A | A n n u a l R e s u l t s fo r 2 0 2 4 | 2 5 | 9 M a y 2 0 2 5 6
Slide 7: Agricultural raw materials processed: 9.9 million tonnes
2024|25 financial year Agricultural raw materials processed: 9.9 million tonnes 2% Beet 6.5 million tonnes 7% Raw sugar 0.1 million tonnes Grain 2.4 million tonnes Potato 0.2 million tonnes Fruits 0.7 million tonnes 24% 3 Mio. t HIGHLIGHTS 6 Mio. t Fruit segment: 66% ▪ 2024 apple harvest was signifi
Slide 8: ESG
THE NATURAL UPGRADE ESG 2024|25 financial year AGRANA Sustainability: www.agrana.com/en/sustainability A G R A N A | A n n u a l R e s u l t s fo r 2 0 2 4 | 2 5 | 9 M a y 2 0 2 5 8
Slide 9: 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 10: 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 11: Results by segment and market environment
THE NATURAL UPGRADE Results by segment and market environment Fruit, Starch and Sugar A G R A N A | A n n u a l R e s u l t s fo r 2 0 2 4 | 2 5 | 9 M a y 2 0 2 5 11
Slide 12: 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 | A n n u a l R e s u l t s fo r 2 0 2 4 | 2 5 | 9 M a y 2 0 2 5 12
Slide 13: 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 14: 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 15: Financials
THE NATURAL UPGRADE Financials 2024|25 AGRANA Key Figures: www.agrana.com/en/ir/key- figures-agrana-group/key-figures A G R A N A | A n n u a l R e s u l t s fo r 2 0 2 4 | 2 5 | 9 M a y 2 0 2 5 15
Slide 16: 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 17: 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 18: Energy costs
Energy costs €m 357.0 41.9 300.1 47.7 245.6 214.6 165.5 41.6 31.4 139.0 123.7 116.2 87.7 113.5 26.0 23.2 55.7 149.6 58.6 113.4 95.5 90.5 42.0 34.4 2019|20 2020|21 2021|22 2022|23 2023|24 2024|25 Fruit Starch Sugar A G R A N A | A n n u a l R e s u l t s fo r 2 0 2 4 | 2 5 | 9 M a y 2 0 2 5 18
Slide 19: Net financial items | Tax Rate
Net financial items | Tax Rate €m 2024|25 2023|24 Change Net interest expense (30.0) (32.3) +7.1% Currency translation differences (6.2) (18.4) +66.0% Income from non-cons. subsidiaries and outside comp. 0.0 0.1 +100.0% Other financial items (0.6) (2.7) +77.8% Total (36.8) (53.3) +31.0% €m 2024|25 2
Slide 20: Consolidated cashflow statement
Consolidated cashflow statement €m (condensed) 2024|25 2023|24 Change Operating cash flow before changes in working capital 217.6 316.3 –31.2% Changes in working capital 195.9 (46.1) +524.9% Total in interest paid/received and tax paid (52.4) (30.0) –74.7% Net cash from operating activities 361.1 24
Slide 21: Consolidated balance sheet
Consolidated balance sheet €m (condensed) 28 Feb 2025 29 Feb 2024 Change Non-current assets 1,038.1 1,031.2 +0.7% Current assets 1,672.8 1,858.2 –10.0% Total assets 2,710.9 2,889.4 –6.2% Total equity and liabilities 1,229.7 1,248.4 –1.5% Non-current liabilities 476.6 628.7 –24.2% Current liabilities
Slide 22: 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 23: Financial outlook 2025|26
THE NATURAL UPGRADE Financial outlook 2025|26
Slide 24: 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 25: Outlook for 2025|26 by segment
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 26: 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 27: 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 28: Appendix
THE NATURAL UPGRADE Appendix Annual Results for 2024|25 A G R A N A | A n n u a l R e s u l t s fo r 2 0 2 4 | 2 5 | 9 M a y 2 0 2 5 28
Slide 29: Ethanol and petrol prices
Ethanol and petrol prices FY 2024|25 1 January 2008 – 6 May 2025 Ethanol (Platts T2 spec.) | Fuel (PU-10PP-ARA) (EUR per m 3 ) FY 2024|25 Close 6 May 2025 Ethanol avg. price: ~680 EUR/m3 –8% vs prior year 603.0 EUR/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 4 | 2 5 | 9 M a y 2 0 2 5 29
Slide 30: Commodity prices
Wheat & Corn (Euronext, Paris) Commodity prices FY 2024|25 1 January 2006 – 6 May 2025 Wheat | Corn (EUR per tonne) Closing / 28 Feb 2025 Wheat 221.8 EUR/t Corn 220.8 EUR/t Whea t (Pa ris) 6 May 2025: 201.8 E UR /t Corn (Pa ris) 6 May 2025: 195.3 E UR /t A G R A N A | A n n u a l R e s u l t s fo r
Slide 31: Sugar quotations
World market: white sugar & raw sugar Sugar quotations FY 2024|25 1 January 2006 – 6 May 2025 White sugar | Raw sugar (USD per tonne) W h i t e su ga r ( L o n do n # 5 ) 6 May 2025: 493.8 USD/t = 435.9 E UR /t R a w su ga r (ICE/NY #11) 6 May 2025: 384.5 USD/t = 339.4 E UR /t A G R A N A | A n n u
Slide 32: 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 33: 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 | A n n u a l R e s u l t s fo r
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