Kws Saat Se & Co Kgaa · XETR:KWS

Kws Saat Se & Co Kgaa — Q4 2026 Earnings Presentation

56 slides from Kws Saat Se & Co Kgaa's earnings presentation, Sep 23, 2026

  1. Slide 1: Investor Presentation

    Investor Presentation KWS SAAT SE & Co. KGaA | September 2026

  2. Slide 2: Why invest in KWS?

    Why invest in KWS?

  3. Slide 3: Seeding the future for generations

    Seeding the future for generations Grounded in tradition, powered by innovation and committed to trusted partnerships at eye level for sustainable and profitable growth.

  4. Slide 4: Innovating seeds since 1856

    Innovating seeds since 1856 Heritage Today Leading specialist 2019 in plant breeding 1955 Vegetables 1920 Corn 1856 Cereals Sugarbeet 4 KWS SAAT SE & Co. KGaA September 2026

  5. Slide 5: Agriculture is facing significant challenges globally

    Agriculture is facing significant challenges globally Global challenges +60% Higher food & feed demand by 2050 -20% Loss in arable land by 2050 -33% Lower acreage per capita by 2050 -17% Harvest losses from climate change Sources: stats.oecd.org (Statistic Database of the OECD), FAO, FAOSTAT 5 KWS S

  6. Slide 6: Our solution: innovation in plant breeding

    Face climate change with Resilient varieties Our solution Innovation in Increase yields Optimize farming with Digital solutions plant breeding to feed a growing world population is key to solving It’s all in the challenges Seed Unleash the potential of Support the Crop rotations Reduction of inputs

  7. Slide 7: Our value capture model for profitable growth

    Our value capture model for profitable growth Value levers Examples Step-up KWS Food Ingredients food chain Vegetable / High-value crops Potato seeds Digital services Tools & Solutions Emission management Customer-centric consulting CONVISO ® SMART Traits CR+ PollenPLUS® Yield increase Cutting-edge

  8. Slide 8: Following a clear strategic framework

    Following a clear strategic framework for profitable, sustainable growth Strategy & targets 3–5% Organic sales growth 19 – 21% EBITDA margin 25 – 30% Dividend payout ratio S u s t a i n a b i l i t y A m b i t i o n 2 0 3 0 Lead Build Advance in field crops & businesses for long-term growth trait de

  9. Slide 9: We lead in field crops & leverage our broad portfolio

    We lead in field crops & leverage our broad portfolio Growth driver “Lead“ Sugarbeet Corn Cereals Global market leader with Re-shaped towards growth European market leader with Lead outstanding profitability due to break-through innovations and profitability, building on leading position in European

  10. Slide 10: Build businesses for long-term growth and value capture

    Build businesses for long-term growth and value capture Growth driver “Build“ Vegetables KWS Food Ingredients Potato seeds Fastest growing segment in Leveraging KWS plant Reshaping the potato value seed market as demand for breeding expertise to provide chain – seeds instead of healthy nutrition ris

  11. Slide 11: Strong track-record of innovation

    Strong track-record of innovation including first-in-class inventions Innovation milestones 2015 2021 First hybrid CR+ trait 1983 2004 2023 1998 2018 Rizomania PollenPlus® Dwarf virus First hybrid ClimaCONTROL3 tolerance Rye tolerance 1980 1990 2000 2010 2020 1986 2000 2007 2018 Yellow Nematode Roun

  12. Slide 12: Cutting-edge R&D Capabilities

    Cutting-edge R&D Capabilities Growth driver “Advance“ Genome € 342m Marker & Editing Total R&D spend genomic selection 38% R&D of KWS employees in R&D 527 Data Number of variety approvals Cell Science & AI Technologies All figures FY 2025/26 12 KWS SAAT SE & Co. KGaA September 2026

  13. Slide 13: Unlocking the potential of Hybridization & genome editing

    Unlocking the potential of Hybridization & genome editing Growth driver “Advance“ Hybridization Genome editing Barley Broad portfolio of genome editing Higher yield Precise traits & crops potential DNA targeting Higher resilience Potato 20 – 30% faster and stability time to market Faster inclusion L

  14. Slide 14: Well-balanced between growth investments & shareholder return

    Well-balanced between growth investments & shareholder return Capital allocation priorities Organic Growth M&A Dividends  Strengthen leadership in field crops and invest  Selective M&A approach  Targeting an increased in new business opportunities with priority on opportunities in payout ratio of

  15. Slide 15: Sustainable and Growing Dividend

    Sustainable and Growing Dividend Dividend development in € per share  Dividend payout of 1.30 € 25–30 % of adjusted 1.25 € net income since FY 2024/25  Clear commitment to maintain 1.00 € dividend contininuity 0.90 € 0.80 €  € 1.30 per share represents 0.80 € increase in dividend vs. last fiscal

  16. Slide 16: Investment Summary

    Investment Summary Lead Build Advance Our targets As a seed Leading in field We are building We advance trait Our mid-term specialist, crops businesses development and financial we passionately drive including sugarbeet, with high-value capture breeding framework innovation in plant cereals and corn

  17. Slide 17: KWS At a Glance

    KWS At a Glance

  18. Slide 18: KWS at a glance

    KWS at a glance Net sales EBITDA Dividend per share Employees in € million in € million in € in Ø FTE 1,626.8 (-1%*) 343.1 (-2%) 1.30 (+4%) 4,983 (+3%) 1856 2005 342 KWS product portfolio including seed for since KWS is € million Is the year the company, still drawing on its 11 most important includ

  19. Slide 19: KWS ranks among the world's leading companies for plant breeding

    KWS ranks among the world`s leading companies for plant breeding Net Sales* Countries Employees (FTE)* Innovation* Yield Increase Target in million € R&D in % of net sales crops Ø p.a. in % 1,627 >70 4.983 21.0 1-2 *Financial year 2025/2026 Ranking Global Commercial Seed Market (in USD) by sales wit

  20. Slide 20: Our portfolio includes seeds for 11 crops

    Our portfolio includes seeds for 11 of the 13 most important crops/crop groups 1315 1218 799 820 390 398 210 220 172 151 143 142 88 17 64 44 27 43 44 64 29 52 5 39 4 12 Vege- Sugar- Rape- Sorg- Sun- Sugar- Corn Wheat Rice Potato1 Soybeans tables Barley Rye cane 2 seed hum flowers beet 2 X X Global a

  21. Slide 21: Strong track record of profitable growth

    Strong track record of profitable growth Sales development EBITDA development in € million 6.3% in € million CAGR 10.5% EBITDA CAGR 1.677 1.627 1.678 343 1.500 405 351 1.276 279 230 21/22 22/23 23/24 24/25 25/26 21/22 22/23 23/24 24/25 25/26 21 KWS SAAT SE & Co. KGaA September 2026

  22. Slide 22: Seasonality of sales and EBITDA/EBIT

    Seasonality of sales and EBITDA/EBIT Average percentage of Sales/EBIT per Quarter; FY = 100% Q1 Q2 Q3 Q4 Ju Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun approx. 150% of annual EBITDA/ approx. 60% of EBIT annual sales ~ 10-15% ~ 10-15% ~ 10-15% negative negative negative Sales EBITDA/ EBIT 22 KWS SAAT

  23. Slide 23: Business segments

    Business segments

  24. Slide 24: Sugarbeet Segment

    Sugarbeet Segment Net Sales EBITDA EBIT in € million in € million in € million 854 (872) 358 (397) 327 (367) Sugarbeet Feedbeet Overview FY 2025/26  Moderate sales decline despite Germany acreage decrease of ~10% driven Other Regions 11% by innovative product portfolio (CONVISO® SMART, CR+), 16% re

  25. Slide 25: Strong track record of sugarbeet sales and EBIT growth

    Strong track record of sugarbeet sales and EBIT growth in Kha in € million 6000 1000 Acreage: -24 % 5,388 854 900 5000 800 4,108 700 4000 Sales: +416 % 600 3000 EBIT: +604 % 500 327 400 2000 300 205 200 1000 54 100 0 0 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/

  26. Slide 26: CONVISO SMART: An innovative weed control system in sugarbeet

    CONVISO® SMART: An innovative weed control system in sugarbeet KWS Bayer Modern sugarbeet varieties1 with + CONVISO® ONE - a new broad-spectrum herbicide CONVISO® SMART in sugarbeet based on system ALS inhibitors  Successful product launch in 32 markets in Europe, Middle East and South America.  C

  27. Slide 27: The new and powerful Cercospora variety generation

    Classic Variety CR+ Variety The new and powerful Cercospora variety generation (CR+) offers a novel disease suppression and yield performance

  28. Slide 28: CONVISO SMART and CR+ drive growth and profitability

    CONVISO® SMART and CR+ drive growth and profitability Share of innovations of total Sugarbeet sales in € million 1000 Strong growth momentum for sustainable innovations 800 Product introductions:  CONVISO® SMART: 2018/19 600  CR+: 2020/21 400  Combination varieties: 2023/24 61% 63% 200 56%  Mark

  29. Slide 29: Corn Segment

    Corn Segment Net Sales EBITDA EBIT in € million in € million in € million 434 (458) 92(53) 69(30) Corn Soybeans Sunflower Overview FY 2025/26 Sales by region (in € million)  Sunflower sales rose by 35 %, sales Germany Other decline driven by € 14 m negative Regions 23% portfolio effect and corn acr

  30. Slide 30: Cereals Segment

    Cereals Segment Net Sales EBITDA EBIT in € million in € million in € million 264 (263) 35 (43) 22 (32) Rye Rapeseed Wheat Barley Sorghum … Overview FY 2025/26 North & South  Strong sales growth in rapeseed America (+24%), while sales of rye (-13%), 5% wheat (-2%) and barley (-9%) declined  Market

  31. Slide 31: Vegetables Segment

    Vegetables Segment Net Sales EBITDA EBIT in € million in € million in € million 68 (72) -26 (-22) -42 (-46) Swiss … Spinach Beans Tomato Chard Overview FY 2025/26 Germany  Sales decrease was almost entirely Other 2% driven by spinach sales; largely due Regions to a decline in the U.S. and China 18%

  32. Slide 32: Building a competitive position in vegetables seed market

    Building a competitive position in vegetables seed market Netherlands Andijk/Wageningen Turkey Mexico Antalya Culiacan Spain Murcia/Almería Italy Parma/Corridonia Brazil Petrolina/Uberlândia 32 KWS SAAT SE & Co. KGaA September 2026

  33. Slide 33: Overview FY 2025/2026

    Overview FY 2025/2026

  34. Slide 34: FY 2025/2026: Group performance overview

    FY 2025/2026: Group performance overview* Net sales (€ m) EBITDA (€ m) Net income (€ m) 1,627 (1,677) 343.1 (350.5) 158.4 (140.0) -1.0 % organic growth; Impacted by one-time effects and FX; Increase driven by improved financial FX: -1.0 %; portfolio: -1.0 % EBITDA margin: 21.1 % (adj.: 19.3%) result

  35. Slide 35: Robust performance against headwinds

    Robust performance against headwinds KPI Targets Results Organic sales +3% -1.0% growth Original outlook; revised to ~0% Below both original and revised outlook; market/acreage headwinds EBITDA margin 19–21% 19.3% Before one-time effect from In line with target range; Corn license sale adj. for FX e

  36. Slide 36: Sales development impacted by various adverse factors

    Sales development impacted by various adverse factors Net sales Comment in € m  Organic sales: On previous year‘s level despite -1.0 % -1.0 % -1.0 % significant acreage reductions in -3.0 % Sugarbeet and Corn  Currency: Decrease mainly due to USD, TRL, UAH; includes hyperinflation effect TRL (IAS

  37. Slide 37: Income statement includes significant one-time effects

    Income statement includes significant one-time effects FY 2024/25 FY 2025/26 Δ% yoy Comment EBITDA 350.5 343.1 -2.1  EBITDA: impacted by one-time Thereof: Sale of Corn licenses - +29.0 items in CY and PY; includes ~€14m negative FX effect in CY Thereof: Reversal of VAT provision +7.7 - Financial re

  38. Slide 38: Sugarbeet segment

    Sugarbeet segment Sales development Segment performance -0.6 % -1.4 %  Moderate sales decline against -2.0 % acreage decrease of ~10 %  Success of innovative product portfolio (CONVISO SMART, CR+) continued 872 854  Innovations represent 63 (61)% of total segment sales  EBITDA margin remained at

  39. Slide 39: Corn segment

    Corn segment Sales development Segment performance -1.6 %  Organic sales development -3.1 % reflect lower acreage across -0.4 % markets -5.3 %  Excluding Russia, comparable growth was at 2% 458 434  Market share gains in European corn*:  Silage: 16.8 (15.9)% FY 2024/25 Organic Portfolio Currency

  40. Slide 40: Cereals segment

    Cereals segment Sales development Segment performance  Moderate organic growth, driven +0.6 % -0.4 % +0.2 % by strong rapeseed sales (+24%)  Rapeseed market share climbed to 17 (15)%, reinforcing #2 market position in Europe 263 264  Other crops: Rye (-13%), Wheat (-2%) and Barley (-9%) due to co

  41. Slide 41: Vegetables segment

    Vegetables segment Sales development Segment performance  Sales development in main crop -6.8 % +0.4% -6.4% Spinach was impacted by lower demand, phasing effects and high comparison base (China)  Beans sales decreased 2% 72 slightly, primarily in Europe 68  Significant investments in breeding of

  42. Slide 42: Stable free cashflow

    Source: SAP Stable free cashflow February 2024 Cashflows (Continuing Business) Key developments in € m  Free cashflow reached high level of previous year Operating cashflow Investing cashflow Free cashflow  Operating cashflow significantly lower due to increase in NWC and lower EBITDA (both due to

  43. Slide 43: Net debt down to 0.03x EBITDA

    Net debt down to 0.03x EBITDA Net debt development Key developments in € m  Net debt signficantly improved to € 9m 18 62 43  Operating performance of 9 continuing business activities 109 (EBITDA) and proceeds from M&A are main drivers of improvement 33  Increase in Net working capital 314 277 dri

  44. Slide 44: Dividend policy continued – increase to € 1.30 proposed

    Dividend policy continued – increase to € 1.30 proposed Dividend development in € per share Dividend 1.30 €  KWS is committed to long-term 1.25 € dividend contininuity  Increase to € 1.30 per share is 1.00 € reflective of business performance in FY 2025/26 0.90 € 0.80 € 0.80 €  Payout ratio of ~2

  45. Slide 45: Forecast 2026/2027: moderate growth at sustained profitability

    Forecast 2026/2027: moderate growth at sustained profitability Forecast FY 2026/2027  In line with mid-term growth target of 3-5 % Organic sales growth ~3%  Reflecting uncertainties and volatility of agricultural markets  In line with mid-term financial ambition of EBITDA margin 19 – 20% 19-21 %

  46. Slide 46: Innovation is key to success

    Innovation is key to success

  47. Slide 47: We develop plants that support a sustainable agriculture

    We develop plants that support a sustainable agriculture. Technologies will make this faster and more targeted.

  48. Slide 48: The long way to a new variety

    The long way to a new variety In the cooperation involving research, breeding and production, the development of a new crop variety takes on average 10 years Variety approval & variety protection Pre-breeding Crossbreeding and Property testing and Variety testing Seed propagation and trait material

  49. Slide 49: Technology is the backbone of our success

    Technology is the backbone of our success Bio- Informatics Breeding Genomics (big data, AI) (Germplasm) & Marker Digital Traits Phenotyping New Cell & Breeding Tissue Technologies Culture (CRISPR) 49 KWS SAAT SE & Co. KGaA September 2026

  50. Slide 50: New variety approvals strengthen our product pipeline

    527 Development of the number of new variety approvals over the past 20 fiscal years 600 (584) 500 new variety approvals 400 strengthen our 300 200 product pipeline 100 0 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21 21/22 22/23 23/24 24/25 25/26 50 KWS SA

  51. Slide 51: Further information

    Further information

  52. Slide 52: Setup of the Executive Board KWS SE

    Setup of the Executive Board KWS SE* Dr. Felix Büchting Dr. Jörn Andreas Sebastian Talg Nicolás Wielandt Spokesperson of the Board  Research & Breeding  Sugarbeet  Finance & Procurement  Corn  Human Resources  Vegetables  Controlling  Cereals, Oilseed Rape/  Farming  IT Special Crops & Org

  53. Slide 53: Dividend proposal: increase to €1.30 per share

    Dividend proposal: increase to €1.30 per share Dividend payments and dividend ratio for the last 10 years Dividend payments Dividend payout ratio (Dividend payment / adjusted Net Income) €1.25 €1.30 €1.00 €0.90 €0.80 €0.80 €0.67 €0.70 €0.64 €0.64 28.9% 26.2% 30 % 25.2% 21.6% 21.2% 21.3% 24.3% 23.9%

  54. Slide 54: Key figures for the KWS share, shareholdings and coverage

    Key figures for the KWS share, shareholdings and coverage 1 69.3% General Data Families Büchting,  ISIN DE0007074007 Arend Oetker,  Number of shares 33.000.000 Tessner  Type No-par value shares (t/o TESSNER BETEILIGUNGS (15.4%) GMBH) 2 Closing price (Xetra)* in €  June 30, 2026 67.40 30.7%  Jun

  55. Slide 55: IR contact and financial calendar

    IR contact and financial calendar Peter Vogt Falk Reimann Head of Investor Relations Senior Investor Relations Manager Phone: +49 (0) 30 816914-490 Phone: +49 (0) 1511 4485251 E-Mail: peter.vogt@kws.com E-Mail: falk.reimann@kws.com KWS SAAT SE & Co. KGaA KWS SAAT SE & Co. KGaA Bülowstraße 78 Bülowst

  56. Slide 56: Disclaimer

    Disclaimer These materials are not an offer for sale of Subscription rights or Securities in the United States. Subscription rights and Securities may not be offered or sold in the United States without registration or an exemption from registration under the U.S Securities Act of 1993, as amended.

KWS SAAT SE & Co. KGaA — Q4 2026 Earnings Presentation on 6ix