K+s Ag · XETR:SDF

K+s — K+S Aktiengesellschaft — Investor Presentation (May 2025)

85 slides from K+s's investor presentation, May 2025

  1. Slide 1: Company Presentation

    Company Presentation Information for investors, analysts, and interested parties Publication May 2025

  2. Slide 2: Table of contents

    Table of contents 2| 8 Relevant megatren: 3| 8 Market situation 4 [8 Sustainable transformation as 5 part of our strategy 5 | 8 Customer Segment Agriculture 7 | 8 KAS Value creation, production and management of residues i? 8] 8 Financial data & IR

  3. Slide 3: K+S Group

    1 | 8 K+S Group

  4. Slide 4: Board of Executive Directors – Feb 1 to May 31, 2025

    Board of Executive Directors – Feb 1 to May 31, 2025 Dr. Burkhard Lohr Dr. Carin-Martina Tröltzsch Dr. Christian H. Meyer (CEO) Christina Daske Dr. Jens Christian Keuthen You can find the CVs of our Executive Board members on the K+S website. For current information on the responsibilities of the in

  5. Slide 5: Board of Executive Directors – as of June 1, 2025

    Board of Executive Directors – as of June 1, 2025 Dr. Christian H. Meyer Dr. Jens Christian Keuthen Chief Executive Officer Chief Financial Officer Dr. Meyer was appointed Chief Financial Dr. Keuthen was appointed to the Board of Officer of K+S AG as of March 15, 2023. He Executive Directors of K+S

  6. Slide 6: K+S Conspect: 50 locations on 6 continents

    Das ist K+S K+S Conspect: 50 locations on 6 continents The history of the K+S Group goes back to the 19th century, when the world's first potash deposits were opened up in Germany. Today, the K+S Group is an internationally oriented raw materials company with production sites in Europe and North Ame

  7. Slide 7: Why is K+S an attractive investment for investors?

    Why is K+S an attractive investment for investors? K+S – an attractive investment ▪ Financially debt-free company with a solid balance sheet; investment grade rating BBB-. ▪ We can finance our investments in the economic and sustainable transformation of K+S from our own resources (even at the lower

  8. Slide 8: Key investment highlights

    Key investment highlights Our products are indispensable for people, animals, and plants Global megatrends call for efficient fertilization. With our fertilizers, we support farmers in combating world hunger. 1 K+S offers high-purity salts for over 5,000 different applications, including in pharmace

  9. Slide 9: K+S at a glance

    K+S at a glance Customer segments (no segments according to IFRS) Agriculture Industry+ With our wide range of potassium chloride (MOP) We produce, refine, and supply natural raw and fertilizer specialties, as well as materials for communities, consumers, and accompanying advice, we support farmers

  10. Slide 10: Relevant megatrends

    2 | 8 Relevant megatrends

  11. Slide 11: Important megatrends and their implications

    Important megatrends and their implications Implications for K+S 8.6 billion 0.2 ºC Average global warming ▪ Arable land shrinking Global population in 2030 Today: 8.0 billion per decade ▪ Yield needs to be improved ▪ Higher efficiency of fertilization and irrigation needed 40% ▪ Plants have to be m

  12. Slide 12: Why use fertilizers?

    Why use fertilizers? “The Natural Laws of Farming“, Justus von Liebig, 1863 “The growth and yield of a plant is limited by the nutrient available in the smallest amount.“ ▪ Plants need sunlight, water, and minerals to thrive. ▪ There are few soils on earth which have a sufficient content and availab

  13. Slide 13: Long-term key drivers for our fertilizer business

    Long-term key drivers for our fertilizer business Less arable land – but more protein consumption per capita 1960 2010 2050 Global Each year, an additional 80 million people needs to be fed – population development this equals the population of Germany. 3.0 billion 6.9 billion 9.7 billion Arable lan

  14. Slide 14: Long-term demand drivers

    Long-term demand drivers Demand drivers Arable land shrinking Industry & Water scarcity Pharma Increasing standard of living Agriculture Industry + Population growth Economic growth and industrialization Consumers Urbanization Winter weather conditions Infrastructure development Communities Global w

  15. Slide 15: Farmer profitability of corn (USA)

    Farmer profitability of corn (USA) Expenditure for potash products of an agricultural farm: approx. 4% of the total cost The earnings prospects should give the agricultural industry sufficient incentive to increase the yield per hectare by using plant nutrients. Profit potential in % of revenues 100

  16. Slide 16: Market situation

    3 | 8 Market situation

  17. Slide 17: World potash production and sales volumes by region

    World potash production and sales volumes by region in million tonnes 28 ▪ Even before limitation of Russian exports and sanctions against Belarus, 24 the potash market was fully used at 24 capacity limit. 5 34 ▪ Until 2021, Russia’s Uralkali and 11 6 5 Belarus each accounted for approx. 18 16% of g

  18. Slide 18: New potash capacities needed to meet rising demand

    New potash capacities needed to meet rising demand Mio. t (incl. Potassium sulfate and low-grade potash) 110 The IFA assumes a growth of 2% p.a. 100 90 80 70 60 50 40 30 20 10 0 2011 2010 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 20

  19. Slide 19: Potash price development

    Potash price development USD/t 1.200 1.200 EUR/t 1.100 1.100 Potassium 1.000 Chloride 1.000 (MOP) Brazil Potassium 900 Sulfate 900 (SOP) 800 Europe 800 700 700 600 600 500 Potassium 500 Chloride 400 (MOP) Europe 400 300 300 200 200 MOP MOPgran. gran.Brasilien USD/t,cfrcfr(left Brazil USD/t, (linke S

  20. Slide 20: Supplier structure on the global potash market 2023

    Das ist K+S Supplier structure on the global potash market 2023 Top 5 Potash Fertilizer Producers:: 13% China 2023 10% 20+ Producers 2022 10% World potash sales volumes Belaruskali 2023 12% 2022 9% 2023: 72,6 million tonnes 67% 2022: 63,7 million tonnes Uralkali 2023 13% 2022 12% 20% Others ICL, APC

  21. Slide 21: New potash capacities needed to meet rising demand!

    New potash capacities needed to meet rising demand! in million tonnes eff. (product) 8.5 24 5.5 6 4 Demand growth Capacities announced Assumption: Addition of Supply expansion Capacities still until 2032 by BHP until 2032 only half of the Russian via other announced needed to meet (CAGR = Growth (Ja

  22. Slide 22: Between desire and reality

    Between desire and reality Classification of potash projects announced since 2006 (Greenfield) Various greenfield projects planned in Thailand, Laos, Russia, Kazakhstan, Announced Uzbekistan, Belarus, Canada, USA, Brazil, and Argentina, among others. projects Companies involved include BHP Billiton,

  23. Slide 23: Farmer profitability still at high level

    Farmer profitability still at high level Price development of agricultural commodities since 01/2020 220 ▪ Sharp increase in crop prices significantly Maize exceeds higher input costs. 200 Soybeans ▪ Farmer profitability reached all-time highs in 180 some regions. ▪ Potash costs only account for ~4%

  24. Slide 24: Potassium use by crop in selected countries

    Potassium use by crop in selected countries 100% 6% 90% 18% 8% 80% 4% 1% 42% 70% 60% 11% 49% 70% 50% 1% 4% 40% 11% 30% 14% 20% 16% 10% 10% 17% 12% 1% 3% 0% 2% 4% EUR - 28 Brazil Indonesia Wheat Corn Oil seed Sugar Soybean Rice Oil palm Fruits and Vegetables Rest Source: IFA, “Fertilizer Use by Crop”

  25. Slide 25: Global potash sales volume by region

    Global potash sales volume by region million tonnes 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024e Western Europe 5.6 5.8 6.2 6.0 5.9 6.2 6.2 6.0 6.2 6.5 4.9 4.8 5.4 Central 5.1 4.7 4.4 4.8 4.8 5.2 5.4 5.5 5.6 6.0 4.4 4.9 5.1 Europe/FSU Africa 0.7 0.8 1.0 1.0 1.1 1.4 1.6 1.4 1.6 1

  26. Slide 26: Supplier structure on European salt market

    Supplier structure on European salt market K+S has a market share of 20% ▪ K+S has the highest market share in Europe and is the leader in salt production. Others 20% ▪ A versatile product portfolio with a high proportion of specialties enables customized 43% solutions for a wide range of market SWS

  27. Slide 27: Sustainable transformation as part of our strategy

    4 | 8 Sustainable transformation as part of our strategy

  28. Slide 28: Guiding principles of strategy and management focus

    Guiding principles of strategy and management focus Financial ambitions ▪ Earn cost of capital over a 5-year cycle ▪ At the same time, an EBITDA margin of > 20% is aimed for over this cycle ▪ Generally striven for a leverage ratio (net debt/EBITDA): maximum 1.5x 28

  29. Slide 29: K+S Sustainability Goals

    K+S Sustainability Goals We have set ourselves ambitious goals in these three areas of action: Social Responsibility, Environment & Resources and Governance ▪ The human being is our focus ▪ Active commitment to environmentally friendly production ▪ Integrity & a sense of responsibility characterize

  30. Slide 30: Our sustainable transformation pays off

    Our sustainable transformation pays off K+S is the first producer to offer potash and salt ▪ Our capital expenditure will be increased in the course Werra 2060 with the smallest of the sustainable and economic transformation • Increase in energy possible CO2 efficiency, more (especially in the years

  31. Slide 31: Optimize the existing

    Optimize the existing 70 % EBITDA impact: around €30 million p.a. ▪ Increase of marketing in USA ex Bethune Agriculture ▪ Increase of trading business in Middle East, China and India ▪ Improved leveraging of local sales network ▪ Focus on potash product groups for industrial product sales Industry+

  32. Slide 32: Werra 2060 – Securing a sustainable future

    Werra 2060 – Securing a sustainable future 70 % How do we want to achieve this? ▪ Unterbreizbach and Wintershall sites: Focus on wastewater-free processing methods Innovations in Methods already ▪ Unterbreizbach mine: Expansion of secondary mining operations (drill and blast) extraction and tested o

  33. Slide 33: Capex: Werra 2060

    Capex: Werra 2060 70 % Schematic course of capex ▪ Compared to unchanged 250 operation mode only +€300m within 10 years 200 ▪ Gross capex of about €600m 150 ▪ Additionally positive impact on opex: e.g. - 20% vs. unchanged 100 operation in 2030 50 Capex difference Werra 2060 vs. unchanged operation m

  34. Slide 34: Bethune – Efficient Production in Canada

    Bethune – Efficient Production in Canada 70 % Primary & Secondary Mining – Ramp-up of the production from a good 2 to 4 mln. tonnes p.a. In primary mining, fresh water is In secondary mining, only saturated pumped into the layer containing NaCl brine is injected instead of potash, creating so-called

  35. Slide 35: Bethune – Above ground

    Bethune – Above ground In the middle of Saskatchewan 35

  36. Slide 36: Bethune – Below ground

    Bethune – Below ground Pads and caverns 12 x In Bethune, a pad currently includes 12 underground caverns. Each one of them is about the size of a Bundesliga stadium. 36

  37. Slide 37: More ambitious climate strategy adopted

    More ambitious climate strategy adopted CO2 emissions in milllion tonnes p.a. (Scope 1 and 2) 4 CO2 K+S Group ▪ We have already reduced 80% of our CO2 emissions (1990 – 2020): % Reduction vs. 2020 ▪ We have achieved this through the extensive use of highly efficient combined heat and power 2.6 * -25

  38. Slide 38: Scope emissions according to categories

    1 Scope 3 emissions according to categories ▪ K+S is very early in the value chain. The evaluation of the full scope 3 emissions, Others* therefore, is a difficult process. In the 2023 annual report, scope 3 emissions for upstream transportation and distribution had been reported. The last full eval

  39. Slide 39: Decarbonization – Greenhouse Gas Neutrality

    Decarbonization – Greenhouse Gas Neutrality * Targets Implementation Expectation By 2030: Focusing on the following key areas to reduce CO2 emissions: Conditions in the energy Reduction of absolute industry framework CO2 emissions by that provide incentives for at least CO2 decarbonization. 25% A Th

  40. Slide 40: Our future – The climate-friendly potash production

    Our future – The climate-friendly potash production In future, we want to produce potash with the smallest possible CO2 footprint – compared to today and compared to our foreign competitors. To do this, we are treading two paths in parallel: The change in production and processing processes – from w

  41. Slide 41: CO2 reduced potash for sustainable agriculture

    CO2 reduced potash for sustainable agriculture Development of footprint of potash (MOP) Requirements for the change of technology The reduction in In future, we will be able to produce potash in Germany with emissions results from the smallest possible CO2 footprint. Both ways of achieving the conve

  42. Slide 42: Salt with the smallest possible CO2 footprint by 2030

    Salt with the smallest possible CO2 footprint by 2030 Current system System conversion from 2030 Conversion of the salt works to low CO2 operation and the CO2 plants to "green" electricity procurement (CO2-neutral) Electricity Braunschweig-Lüneburg CO2 Natural gas ▪ Already very low in CO2 Natural a

  43. Slide 43: Grow the core

    Grow the core 20 % We enable farmers to achieve greater economic success Expansion of the portfolio ▪ Fertilization ▪ Micronutrients ▪ Concepts for soil health ▪ Further additions to the portfolio Logistic access ▪ Circular economy ▪ Last Mile Distribution Digital sales ▪ Agronomic services ▪ Digita

  44. Slide 44: New business areas

    New business areas 10 % Subsequent use of existing assets and development of new business areas Carbon dioxide (CO2) Renewable and green energy ▪ CCS: underground storage (solid and gaseous) ▪ Increasing use of renewable energies (wind, sun) at our sites ▪ CCU: use for the production of biomass or a

  45. Slide 45: Performance Indicators

    Performance Indicators Key Financial Performance Indicators Non-financial Performance Indicators The Company’s activities are managed based on the Performance indicators and target values in sustainability following key financial performance indicators, which are the management were defined for the

  46. Slide 46: Performance Indicators

    Performance Indicators Key Financial Performance Indicators 2020 2021 2022 2023 2024 EBITDA € million 444.8 1,067.3 2,422.9 712.4 557.7 Group earnings after tax, adjusted € million -1,802.5 2,182.4 1,494.0 161.9 3.6 Capital expenditure € million 526.0 334.3 403.8 525.3 530.8 Adjusted free cash flow

  47. Slide 47: K+S Sustainability Goals 2030

    K+S Sustainability Goals 2030 Target Dead- Target Target KPI 1 Unit 2024 Value line achievement ENVIRONMENT & RESOURCES Climate Change (E1): Absolute CO2 emissions in the K+S Group % -25 -4.4 2030 18% Reducing the carbon footprint and improving worldwide2 energy efficiency to enhance competitiveness

  48. Slide 48: K+S Sustainability Goals 2030

    K+S Sustainability Goals 2030 Target Dead- Target Target KPI 1 Unit 2024 Value line achievement SOCIAL RESPONSIBILITY Employees (S1): Injury with lost time 3, 4 Providing a healthy and safe work Vision LTI rate 0 5.4 53% environment to protect our employees who 2030 constitute our most valuable capi

  49. Slide 49: K+S Sustainability: Ratings and Standards

    K+S Sustainability: Ratings and Standards Current Trend over the Organization Rating scale Significance of rating rating last 12 months Rating scale from AAA to CCC AA Class of „Leader“ „medium” and only 2 steps away from prime status Rating scale from A+ to D- C (from B-) Rating scale from 0 to 40+

  50. Slide 50: Our contribution to the 17 SDGs

    Our contribution to the 17 SDGs K+S makes a direct contribution to a number of global sustainable development goals – and thus contributes to the fulfillment of the goals. More information and more details about our article can be found here. 50

  51. Slide 51: Customer Segment Agriculture

    3. Landwirtschaft 5 | 8 Customer Segment Agriculture

  52. Slide 52: Agriculture customer segment at a glance

    Agriculture customer segment at a glance Revenue split by region Q1/2025 (%) Revenue split by products Q1/2025 (%) Fertilizer others specialties 6 46 Asia 10 Potassium Europe chloride South America 65 54 12 thereof Germany 21 North America 7 Characteristics in € million ▪ Close proximity to our most

  53. Slide 53: Our ingredients of natural origin

    Our ingredients of natural origin Soil fertilizer Foliar and liquid fertilizer Our all-rounder - for your most different applications The basic ingredient for foliar fertilization Our all-rounder - for you also now with boron Our specialist for root and leaf crops Our all-rounder - for you also now

  54. Slide 54: Customer Segment Industry+

    6 | 8 Customer Segment Industry+

  55. Slide 55: Industry+ customer segment at a glance

    Industry+ customer segment at a glance Characteristics Revenue split by products Q1/2025 (%) ▪ Emerging markets: Growth, especially in Asia, leads to thereof increasing demand for electrolysis. water softening 8 ▪ Electrolysis and specialties: Focus on product quality, Consumers 7 thereof industrial

  56. Slide 56: Industry+ | Products and main areas of application

    Das ist K+S Industry+ | Products and main areas of application Industry: 40% Food processing Animal nutrition Water treatment Industrial applications Production and processing of foods Products for animal nutrition, including Soft water for maintaining facilities and Raw materials and additives for

  57. Slide 57: Industry+ | Value creator #1 | Food processing

    Rohstoffsicherheit Industry+ | Value creator #1 | Food processing Customer group: Food and beverage industry and carrageenan producers 600,000 tonnes annual volume in 2024 Products: ▪ Diverse product portfolio of rock, vacuum & sea salt, potassium chloride, sodium- reduced Balance Salt and magnesium

  58. Slide 58: Industry+ | Value creator #2 | Chemicals

    Rohstoffsicherheit Industry+ | Value creator #2 | Chemicals Customer group: Chlor-alkali and the cellulose industry 1.5 million tonnes annual volume in 2024 Products: ▪ Sodium and potassium chloride as essential raw materials for chlor-alkali electrolysis ▪ Magnesium sulphate as an additive in the c

  59. Slide 59: Industry+ | Value creator #3 | Industr. Applications

    Rohstoffsicherheit Industry+ | Value creator #3 | Industr. Applications Diverse industries, e.g. electroplating, mineral oil, gas, textile, glass, building & plastics industries 452,000 tonnes annual volume in 2024 Products: ▪ Potassium, sodium and magnesium chloride as well as potassium and magnesi

  60. Slide 60: K+S Value creation, production and management of residues

    7 | 8 K+S Value creation, production and management of residues

  61. Slide 61: Phases of our value chain

    Phases of our value chain Our potash and salt deposits came into being millions of years ago. They are either our property or we Exploration have corresponding rights or approvals that allow the extraction or solution mining of the raw material reserves. We extract raw materials in conventional mini

  62. Slide 62: Underground mining production cycle

    Underground mining production cycle Conventional mining 1 2 Muck pile load 3 4 Clearing Blasting after and dump Roof scaling shift end 9 Charging 5 Roof bolting with explosives 8 7 6 Drilling Face cleaning Auger drilling 62

  63. Slide 63: Main production methods for salt

    Main production methods for salt Rock salt Sea/solar salt Evaporated salt Brine Conventional Crystallization Recrystallization Controlled mining of sea water of purified brine solution mining ▪ Around 60% of worldwide salt production (more than 290 million tonnes including brine) is obtained from ro

  64. Slide 64: K+S production in Germany

    Das ist K+S K+S production in Germany Share of annual potash production capacity (in %) ~ 28% 4 Zielitz ~ 56% 7 7 Braunschweig-Lüneburg Combined plant Werra 4 (Salt site) 9 8 Wintershall 1 8 Bernburg (Salt site) 1 2 3 9 Borth (Salt site) Unterbreizbach 2 5 Hattorf 3 Total potash production K+S ~ 17%

  65. Slide 65: K+S in Canada: Bethune

    K+S in Canada: Bethune Strengthening our global presence ▪ Expanding our current production portfolio in Germany with a North American production site → Only supplier with production sites in Europe and North America ▪ Securing a good asset base with competitive China production costs India South Ea

  66. Slide 66: K+S logistics at a glance

    Werra2060 Rohstoffsicherheit K+S logistics at a glance We deliver our products to the customer: CO₂-efficient, cost-effective, fast and flexible! Fast and flexible Cost-efficient Quality-conscious Low CO2 transportation Thanks to multimodal Through careful planning A high proportion of direct We rel

  67. Slide 67: Cost curve at customer's gate much flatter

    Cost curve at customer’s gate much flatter Ramp-up of Bethune as well as measures to optimize the existing business USD/t Bethune's further ramp- up to 4 million tonnes will bring Bethune to the first quintile. fob cost curve 2024 cost curve at Brazil (25 USD up from 2020) customer‘s gate 2024 fob c

  68. Slide 68: Potash processing above ground

    Potash processing above ground Electrostatic Thermal dissolution Flotation Separation (ESTA®) Heating Floatation brine Finely ground 25 °C 110 °C crude salt Finely ground Mother brine Finely crude salt ground Conditioning Flotation Undis- crude salt agent solved residue + dissolved Air bubbles Tribo

  69. Slide 69: Potash production: management of residues

    Potash production: management of residues ▪ Crude salt has only a limited recyclable content (max. 30%), therefore the generation of residues is inevitable. All potash producers worldwide face this challenge. ▪ The recycling of partial volumes is performed at all producers. ▪ The methods, processes,

  70. Slide 70: Green investments = long-term planning security

    Green investments = long-term planning security Tailings piles extensions Hattorf ▪ Approval of Hattorf tailings pile expansion (phase 3) in mid-2025 and investments required Wintershall ▪ Next approval and significant investments in tailings pile extensions will not be necessary again until the end

  71. Slide 71: Reduction of tailings pile water: coverage & greening

    Reduction of tailings pile water: coverage & greening Our objectives Objective Reduction of tailings pile water by up to 90% ▪ From 2030 onwards, K+S will be able to use three million tonnes of residue annually for purposes other than tailings pile disposals. ▪ By 2030, we want to cover a further 15

  72. Slide 72: Tailings pile and process water at the Werra site

    Tailings pile and process water at the Werra site Development of saline wastewater Disposal of saline wastewater Utilization/Avoidance Reduction of saline wastewater based on various measures within (CapEx: almost €500 million) the last 25 years: Further ▪ Underground disposal in Unterbreizbach redu

  73. Slide 73: Financial data & IR

    8 | 8 Financial data & IR

  74. Slide 74: Key financial figures

    1 Key financial figures Revenues (€ billion) EBITDA vs. Net financial liabilities/EBITDA2 5.7 7.2 2,423 3.7 3.9 3.7 3.2 1,067 445 712 558 0.6 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 EBITDA margin (%) FCF (€ million) +932 43 33 +93 -42 +311 +62 18 15 12 2020 2021 2022 2023 2024 2020 2021 20

  75. Slide 75: Operating and adjusted cash flow

    1 Operating and adjusted cash flow 1,394 932 822 640 583 445 429 347 311 307 309 140 93 62 -42 -206 -390 -777 2016 2017 2018 2019 2020 2021 2022 2023 2024 Operating Cash Flow Free Cash Flow (adjusted) 1 The figures relate to the continuing and discontinued operations of the K+S Group for the years 2

  76. Slide 76: Cash flow and balance sheet

    Cash flow and balance sheet 3M/23 H1/23 9M/23 FY/23 3M/24 H1/24 9M/24 FY/24 3M/25 Operating cash flow 221 484 657 822 226 321 484 583 162 Investing cash flow (adjusted by sale/purchase of securities and other -107 -210 -329 -510 -115 -235 -373 -521 -130 financial investments) Adjusted free cash flow

  77. Slide 77: K+S Share

    K+S Share Key data Shareholder structure as of Dec 31, 2024 ▪ WKN: KSAG88 Private Investors ▪ ISIN: DE000KSAG888 38% ▪ Type of shares: registered shares of no-par value Free float ▪ Total number of shares: 179,100,000 100% ▪ Trading segment: Prime Standard Institutional ▪ Ticker symbols: Bloomberg S

  78. Slide 78: Share performance

    Share performance Performance of the K+S Share Market capitalization Index: December 31, 2020 = 100 450% K+S 400% 4.1 4.5 MDAX 4.3 4.0 350% 3.5 300% 3.0 2.9 250% 2.6 200% 2.1 1.9 150% 1.5 100% 50% 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0% Dec-20 Dec-21 Dec-22 Dec-23 Dec-24 As of Dec.

  79. Slide 79: Performance of the K+S share in comparison

    Performance of the K+S share in comparison Index: December 31, 2021 = 100 250% MDAX K+S 200% Nutrien Mosaic 150% ICL 100% 50% 0% 12/2021 12/2022 12/2023 12/2024 Source: Bloomberg; as of 9th May 2025 79

  80. Slide 80: Distribution policy

    Distribution policy K+S sets guiding principles for attractive shareholder participation Shareholder participation in K+S aims to return 30% to 50% The following factors are applied K+S wants to maintain a K+S's corporate success will of the adjusted free cash flow in determining the exact strong ba

  81. Slide 81: K+S ADR Programme

    K+S ADR Programme The K+S ADR Program offers North American investors the opportunity to take stock in K+S. Since the ADRs are quoted in US dollars and dividends are also distributed in US dollars, this financial instrument closely resembles an American share. Two ADRs represent one K+S ordinary sha

  82. Slide 82: K+S debt instruments and issuer rating

    K+S debt instruments and issuer rating Issuer rating (S&P): BBB- (outlook: stable) since June 2023 Bond 06/2029 (3-months-par-call) WKN A383E2 ISIN XS2844398482 Listing Luxembourg SE Issue volume €500 million Outstanding volume €500 million Issue price 99.147% Coupon 4.250% Maturity June 19, 2029 De

  83. Slide 83: Financial calendar

    Financial calendar Quiet period prior to the report July 15 to August 12, 2025 (7 a.m. CEST) Half-Year Financial Report: June 30, 2025 August 12, 2025 Quiet period prior to the report October 14 to November 11, 2025 (7 a.m. CET) Quarterly Report: September 30, 2025 November 11, 2025 Quiet period pri

  84. Slide 84: Investor Relations Contacts

    Investor Relations Contacts Nathalie Frost Julia Bock, CFA Esther Beuermann, MBA Senior Investor Relations Manager Head of Investor Relations Senior Investor Relations Manager Phone: + 49 561 / 9301-1403 Phone: + 49 561 / 9301-1009 Phone: + 49 561 / 9301-1679 Fax: + 49 561 / 9301-2425 Fax: + 49 561

  85. Slide 85: Disclaimer

    Disclaimer No reliance may be placed for any purpose whatsoever on the information or opinions contained in the Presentation or on its completeness, accuracy of fairness. No representation or warranty, express or implied, is made or given by or on behalf of the Company or any of its respective direc

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