Agrana Beteiligungs-ag · VIE:AGR
Agrana Beteiligungs-ag — Agrana — H1 2025|26 Earnings Presentation
34 slides from Agrana Beteiligungs-ag's earnings presentation, Oct 9, 2025
Slide 1: AGRANA H1 Conference Call Presentation
AGRANA H1 Conference Call Presentation Results for the first half of 2025|26 Vienna, 9 October 2025 AGRANA Interim Statement H1 2025|26: www.agrana.com/en/ir/publications
Slide 2: Agenda
H1 2025|26 Agenda 1 2 3 Overview Segments Financial outlook & & 2025|26 Highlights Financials AGRANA Interim Statement H1 2025|26: www.agrana.com/en/ir/publications A G R A N A | R e s u l t s fo r t h e f i r s t h a l f o f 2 0 2 5 | 2 6 | 9 O c t o b e r 2 0 2 5 2
Slide 3: 01 Overview & Highlights
01 Overview & Highlights A oe a): q >
Slide 4: First half of the year was both eventful and challenging
H1 2025|26 – HIGHLIGHTS First half of the year was both eventful and challenging ▪ Decline in EBIT 1 in the financial second quarter was less pronounced than expected ▪ In the middle of September, therefore forecast for the full year 2025|26 was raised – AGRANA now expects EBIT to be significantly h
Slide 5: Key figures (1)
H1 2025|26 – OVERVIEW Key figures (1) Revenue Operating profit 1 Exceptional items EBIT 2 € 1,691.6 € 52.2 € –20.8 € 28.0 million million million million H1 previous year: H1 previous year: H1 previous year: H1 previous year: € 1,861.7 million € 55.3 million € –1.9 million € 56.6 million 1 B e f o r
Slide 6: On track with restructuring the Sugar business
6 AGRANA NEXT LEVEL – INITIATIVES H1 2025|26 On track with restructuring the Sugar business • A redundancy plan in connection with Sugar restructuring was developed since Closures Leopoldsdorf|AT and Hrušovany|CZ March; in relation to this, expenses of € 20.0 million were recognised in the first Sit
Slide 7: Key figures (2)
H1 2025|26 – OVERVIEW Key figures (2) Free Cashflow Net debt Gearing ratio Equity ratio Ratio of net debt € 83.5 € 407.8 35.5 47.0 million million % % H1 previous year: 28 Feb 2025: 28 Feb 2025: 28 Feb 2025 : € 73.9 million € 436.4 million 35.5% 45.4% A G R A N A | R e s u l t s fo r t h e f i r s t
Slide 8: 100% acquisition of Slovenian food company Mercator-Emba
H1 2025|26 – HIGHLIGHTS 100% acquisition of Slovenian food company Mercator-Emba • Mercator-Emba d.o.o. (EMBA) is a leading Slovenian food manufacturer for the food service sector, food processors and food retailers • EMBA excels due to its expertise in the product development and production of syr
Slide 9: AGRANA enlarges Management Board
PPRESS RELEASE AS OF 19 SEPTEMBER 2025 AGRANA enlarges Management Board ▪ AGRANA Supervisory Board decided at its meeting of 15 September 2025 to appoint Franz Ennser as a new member of the Management Board for a term of three years beginning on 1 November 2025 ▪ Existing Management Board, consistin
Slide 10: Update on strategic priorities in FY 2025|26
AGRANA NEXT LEVEL Update on strategic priorities in FY 2025|26 Sales Excellence / Customer Focus GROUP-WIDE Operational Excellence People & Culture Food & Beverage Agricultural Commodities Strategic Solutions (FBS) & Specialities (ACS) Holding Footprint Target Costing Sugar Securing financial flexib
Slide 11: 02 Segments & Financials
AGRANA Key Figures: www.agrana.com/en/ir/key-figures- agrana-group/key-figures 02 Segments & Financials
Slide 12: NEW Segment Reporting since March 2025 (1)
H1 2025|26 – FINANCIAL REPORTING NEW Segment Reporting since 1 March 2025 (1) OLD: NEW: ▪ Starting with this 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 v
Slide 13: NEW Segment Reporting since March 2025 (2)
H1 2025|26 – FINANCIAL REPORTING NEW Segment Reporting since 1 March 2025 (2) AGRANA Agricultural Food & Business areas Commodities & Berverage Specialities Solutions (FBS) (ACS) Segments ACS – STARCH ACS – SUGAR FBS HCO A G R A N A | R e s u l t s fo r t h e f i r s t h a l f o f 2 0 2 5 | 2 6 | 9
Slide 14: Revenue by segment
H1 2025|26 vs H1 PREVIOUS YEAR Revenue by segment Group Food & Beverage Solutions (FBS): ▪ Revenue growth occurred both in the 1,861.7 formulation and beverage businesses and was €m 1,691.6 driven by price changes 824.5 ACS – Starch: 859.1 ▪ Decline was partially due to a drop in sales volumes of st
Slide 15: EU vs sugar world market prices
SUGAR PRICE REPORTING EU vs sugar world market prices € Source: Sugar Market situation, European Commission; published on 25 September 2025 A G R A N A | R e s u l t s fo r t h e f i r s t h a l f o f 2 0 2 5 | 2 6 | 9 O c t o b e r 2 0 2 5 15
Slide 16: Ethanol (and petrol) prices
ACS – STARCH Ethanol (and petrol) prices FY 2025|26 1 January 2008 – 7 October 2025 H1 2025|26 Close 7 Oct 2025 Ethanol avg. price: ~619 EUR/m3 –11% vs H1 prev. year 806.0 EUR/m3 Ethanol (Platts T2 spec.) Fuel (PU-10PP-ARA) (EUR per m3) A G R A N A | R e s u l t s fo r t h e f i r s t h a l f o f 2
Slide 17: EBIT by segment
H1 2025|26 vs H1 PREVIOUS YEAR EBIT by segment Food & Beverage Solutions (FBS): EBIT margin €m EBIT margin ▪ In the formulation activities, EBIT was significantly above H1 2024|25 H1 2025|26 the year-ago level; improvement was attributable mainly to a positive business performance in the Europe regi
Slide 18: 03 Financial Outlook
03 Financial Outlook A oe a): q >
Slide 19: Outlook for 2025|26
AGRANA GROUP Outlook for 2025|26 ➔ ➔ EBIT 2025|26 Revenue 2025|26 ▪ At Group level for the full 2025|26 financial year, AGRANA expects a significant increase in operating profit (EBIT) ▪ Group revenue is projected to show a moderate decrease ▪ Regarding the new AGRANA NEXT LEVEL strategy, already in
Slide 20: Outlook for 2025|26 – segments
AGRANA SEGMENTS Outlook for 2025|26 FOOD & BEVERAGE SOLUTIONS ACS – STARCH Revenue Slight increase* Revenue Slight reduction* EBIT Slight increase* EBIT Significant reduction* ACS – SUGAR Revenue Significant reduction* EBIT Significant improvement* * These qua ntita ti ve te rms a s u
Slide 21: Outlook for the third quarter of 2025|26
AGRANA GROUP Outlook for the third quarter of 2025|26 Q3 2024|25 (3 months): EBIT loss of € 5.5 million Q3 2025|26 For the third quarter of 2025|26, a very significant improvement in EBIT is expected EBIT compared to the year-earlier quarter A G R A N A | R e s u l t s fo r t h e f i r s t h a l f o
Slide 22: Investment plan for 2025|26
AGRANA GROUP Investment plan for 2025|26 Investment split 2025|26 (€ ~100 million) ▪ Total investment across the three main 10% business segments and the Holding Co. & Other area in this financial year, at 10% approximately € 100 million, is expected to be both significantly below the 2024|25 value
Slide 23: Financial calendar
FY 2025|26 and FY 2026|27 Financial calendar 13 January 2026 13 July 2026 Results for first three quarters of 2025|26 Dividend payment date 12 May 2026 8 October 2026 Results for full year 2025|26 (annual results press conference) Results for first half of 2026|27 23 June 2026 14 January 2027 Record
Slide 24: H1 2025|26 – Appendix
H1 2025|26 — Appendix A oe a): q >
Slide 25: Consolidated income statement
H1/Q2 2025|26 vs H1/Q2 PREVIOUS YEAR Consolidated income statement H1 H1 Q2 Q2 €m (condensed) 2025|26 2024|25 2025|26 2024|25 Revenue 1,691.6 1,861.7 811.4 917.4 EBITDA 1 106.1 107.6 53.7 51.8 Operating profit before except. items and results of equity-accounted JV 52.2 55.3 26.6 25.3 Share of resul
Slide 26: Net financial items | Tax Rate
H1 2025|26 vs H1 PREVIOUS YEAR Net financial items | Tax Rate €m H1 2025|26 H1 2024|25 Change Net interest expense (12.5) (14.1) +11.3% Currency translation differences (6.5) (4.6) –41.3% Other financial items (0.7) (0.7) 0.0% Total (19.7) (19.4) –1.5% €m H1 2025|26 H1 2024|25 Change Profit before t
Slide 27: Consolidated cashflow statement
H1 2025|26 vs H1 PREVIOUS YEAR Consolidated cashflow statement H1 H1 €m (condensed) 2025|26 2024|25 Change Operating cash flow before changes in working capital 104.4 125.8 –17.0% Changes in working capital 22.1 11.0 +100.9% Total in interest paid/received and tax paid (23.3) (18.5) –25.9% Net cash
Slide 28: Consolidated balance sheet
31 AUGUST 2025 vs 28 FEBRUARY 2025 Consolidated balance sheet €m (condensed) 31 Aug 2025 28 Feb 2025 Change Non-current assets 1,026.4 1,038.1 –1.1% Current assets 1,417.4 1,672.8 –15.3% Total assets 2,443.8 2,710.9 –9.9% Total equity 1,147.6 1,229.7 –6.7% Non-current liabilities 396.2 476.6 –16.9%
Slide 29: NEW Segment Reporting – reconciliation Q2 (3 months)
FINANCIAL REPORTING NEW Segment Reporting – reconciliation Q2 (3 months) Sugar segment OLD >>> ACS – Sugar segment NEW The new reporting area “Holding €m Q2 2024|25 Q2 2024|25 Diff. = HCO Co. & Other” (HCO) comprises: OLD NEW ▪ AGRANA Beteiligungs-AG (the Group holding company) Revenue 241.1 233.9 7
Slide 30: NEW Segment Reporting – reconciliation Full year
FINANCIAL REPORTING NEW Segment Reporting – reconciliation Full year 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)1 (61.1) (48.9) (12.2) Share of results of equity- (1.8) (1.8) 0.0 accounted J
Slide 31: Wheat and corn (Euronext, Paris)
ACS – STARCH Whea t (Pa ris) Corn (Pa ris) Wheat and corn (Euronext, Paris) 7 Oct 2025: 187.8 E UR /t 7 Oct 2025: 184.0 EUR/t 1 January 2007 – 7 October 2025 FY 2025|26 Closing / Wheat 29 Aug 2025 Corn Wheat 191.5 EUR/t (€ per tonne) Corn 189.0 EUR/t A G R A N A | R e s u l t s fo r t h e f i r s t
Slide 32: World market – sugar quotations
ACS – SUGAR R a w su ga r W h i t e su ga r ( L o n do n # 5 ) (ICE/NY #11) World market – sugar quotations 7 Oct 2025: 458.0 USD/t 7 Oct 2025: 366.6 USD/t 1 January 2007 – 7 October 2025 = 394.3 E UR /t = 315.6 EUR/t FY 2025|26 Raw sugar White sugar (USD per tonne) A G R A N A | R e s u l t s fo r
Slide 33: Contacts
Contacts Investor Relations 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 | R e s u l t s fo r t h e f i r s
Slide 34: 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