AGRANA Beteiligungs-AG · VIE:AGR
AGRANA Beteiligungs-AG — ODDO BHF FORUM 2023
75 slides from AGRANA Beteiligungs-AG's conference presentation, Jan 9, 2023
Slide 1: ODDO BHF Forum, 9-10 January 2023
ZF UCK R U I TE R ST ÄRC TA KEH FSRUUCH G A RT Der The natürliche natural upgrade Mehrwert AGRANA Investor Relations: www.agrana.com/en/ir AGRANA Beteiligungs-AG ODDO BHF FORUM 9-10 January 2023
Slide 2: Contents
CONTENTS 1 Introduction & Business overview 2 Strategy, Management 3 War in Ukraine, COVID-19 4 Focus on ESG 5 Segment overview: Fruit, Starch and Sugar 6 Financials H1 2021|22 7 Outlook 2022|23 AGRANA | ODDO BHF FORUM | 9-10 January 2023 2
Slide 3: Introduction & Business Overview
AGRANA GROUP INTRODUCTION & BUSINESS OVERVIEW 3
Slide 4: Everyone knows Wiener Zucker
AGRANA GROUP EVERYONE KNOWS „WIENER ZUCKER“… AGRANA | ODDO BHF FORUM | 9-10 January 2023 4
Slide 5: We all consume AGRANA (products)
STRATEGIC POSITIONING B2B WE ALL CONSUME AGRANA (PRODUCTS) At the beginning there AGRANA supplies is always agriculture… the Big Names... We all consume AGRANA refines agrarian AGRANA every day raw materials... without noticing it... confectionery, beverage, fermentation industries, food retailers;
Slide 6: At a glance
AGRANA PRODUCTS IN DAILY LIFE AT A GLANCE FRUIT STARCH SUGAR ▪ Fruit juice concentrates customers are ▪ AGRANA produces starch and special Sugar is sold fruit juice and beverage bottlers and starch products ▪ to consumers via the food trade and fillers ▪ Starch is a complex carbohydrate ▪ to manufac
Slide 7: Segmentation by segment
55 PRODUCTION SITES WORLDWIDE SEGMENTATION BY SEGMENT FRUIT STARCH SUGAR 26 fruit preparations plants and 5 starch plants 7 sugar beet plants 14 fruit juice concentrate plants (incl. 2 bioethanol plants) 2 raw sugar refineries (& Instantina) Czech Rep. Slovakia Austria Hungary* Romania* Bosnia- Herz
Slide 8: Volumes processed and sold 2021|22
AGRANA GROUP VOLUMES - PROCESSED AND SOLD (2021|22) Sales: 5.7 million tonnes Raw materials processed: 9.8 million tonnes Total share Fruit 14% 0.3 0.9 Fruit Total share Sugar 37% 0.8 Sugar in million tonnes 2.1 2.7 5.7 Starch 2.8 Total share Starch 49% 0.22 Beet Raw Sugar Grain Potato Fruits AGRANA
Slide 9: Revenue by product group
REVENUE BY PRODUCT GROUP (2021|22) FOCUS ON FOOD FRUIT STARCH SUGAR € 1,251.1 m € 1,010.4 m € 640.0 m AGRANA | ODDO BHF FORUM | 9-10 January 2023 9
Slide 10: Q1-3 2022|23 key figures
AD-HOC ANNOUNCEMENT AS OF 14 DECEMBER 2022 Q1-3 2022|23 – KEY FIGURES Q3 2022|23 (3 months) Q1-3 2022|23 (9 months) Revenue: € 950.2 m Revenue: € 2,742.5 m (Q3 2021|22: € 745.2 m) (Q1-3 2021|22: € 2,169.6 m) EBIT: € 39.1 m EBIT: € 50.2 m (Q3 2021|22: € 31.2 m) (Q1-3 2021|22: € 76.0 m) Op
Slide 11: History - milestones
AGRANA GROUP HISTORY - MILESTONES ACQUISITION of the American organic distribution EXPANSION company EXPANSION Of market position in Asia Marroquin of the company‘s through the acquisition of Organic presence in the area the Indian fruit processing International of fruit preparations plant SAIKRUPA
Slide 12: Shareholder structure
CURRENT STATUS SHAREHOLDER STRUCTURE TOTAL: 62,488,976 shares ~30% Rübenproduzenten Beteiligungs-GmbH ~50% (less one share -> AZ) ZBG ~70% AGRANA Raiffeisen-Holding NÖ-Wien Zucker, Stärke und 78.34% Frucht Holding AG ~10% ~50% Südzucker 2.74%1 18.92% FREE FLOAT 1 Directly held by Südzucker AGRANA |
Slide 13: Management Strategy
AGRANA GROUP MANAGEMENT STRATEGY 13
Slide 14: Management Board
AGRANA GROUP MANAGEMENT BOARD CEO Markus Mühleisen Ingrid-Helen Arnold • Strategy and economic • Internal Auditing policy CFO Stephan Büttner • Quality management • Finance • Sales • Human Resources CTO Norbert Harringer • IT • Public Relations and • Production / • Mergers & Communications Investmen
Slide 15: Priorities
FINANCIAL YEAR 2022|23 PRIORITIES ▪ Strong crisis management ▪ Drive performance ▪ Continue organisational and culture change ▪ Develop long-term strategies AGRANA | ODDO BHF FORUM | 9-10 January 2023 15
Slide 16: Good progress on strategic agenda
STRATEGY UPDATE GOOD PROGRESS ON STRATEGIC AGENDA • Strong foundation; significant upside potential in all divisions Performance • 2-phased approach: Phase 1 focused on Added- Sustainability value strengthening core business, Focus improving performance and driving cultural change • Concluded first
Slide 17: AGRANA very well positioned
AGRANA VERY WELL POSITIONED At the intersection of the three biggest challenges of our time Feeding a Growing World Population Climate Transforming Change Agriculture AGRANA | ODDO BHF FORUM | 9-10 January 2023 17
Slide 18: War in Ukraine, COVID-19
AGRANA GROUP WAR IN UKRAINE COVID-19 18
Slide 19: War in Ukraine
WAR IN UKRAINE AGRANA | ODDO BHF FORUM | 9-10 January 2023 19
Slide 20: War in Ukraine
WAR IN UKRAINE ▪ AGRANA in Ukraine since 1997 / 800 employees* ▪ Two sites in Vinnitsa (300 km SW of Kiev) for production of fruit preparations and fruit juice concentrates ▪ Agricultural production plant in Luka ▪ Product sales largely in Ukraine Current situation ▪ After the outbreak of war, produ
Slide 21: AGRANA Fruit Russia
AGRANA FRUIT RUSSIA ▪ AGRANA's presence in Russia is exclusively in the Fruit segment ▪ Production of fruit preparations in Serpuchov, about 100 km south of Moscow ▪ 300 employees* ▪ Sales of products in Russia and other CIS countries ▪ Task as supplier of essential staple foods and obligation as em
Slide 22: Financial exposure in Ukraine and Russia
WAR IN UKRAINE FINANCIAL EXPOSURE IN UKRAINE AND RUSSIA €000 Revenue % of Total % of FTEs % of Group assets Group Group Ukraine 2021|22 40,463 1.4% 29,029 1.1% 801 9.2% Russia 2021|22 60,040 2.1% 28,999 1.1% 289 3.3% Ukraine & Russia 2021|22 100,503 3.5% 58,028 2.2% 1,090 12.5% Ukraine 2020|21 34,97
Slide 23: AGRANA - part of critical infrastructure
COVID-19 PANDEMIC AGRANA – PART OF CRITICAL INFRASTRUCTURE ▪ As a food producer, AGRANA is regarded as being a part of “critical infrastructure” ▪ The continuation of AGRANAs production activities safeguards supplying the population with food and feed products (and also jobs) ▪ By coordinating futur
Slide 24: Revenue split food vs non-food
FOCUS ON FOOD (REVENUE IN 2021|22) REVENUE SPLIT FOOD VS NON-FOOD Group Fruit 3% 8% 19% 73% 97% Food Non-Food Animal Feed Food Non-Food Starch Sugar 7% 20% 10% 36% 44% 83% Food Non-Food Animal Feed Food Non-Food Animal Feed AGRANA | ODDO BHF FORUM | 9-10 January 2023 24
Slide 25: Focus on ESG
AGRANA FOCUS ON ESG AGRANA Sustainability: https://www.agrana.com/en/sustainability 25
Slide 26: AGRANA's understanding of sustainability
AGRANA‘S UNDERSTANDING OF SUSTAINABILITY Balance of economic, environmental and social responsibility AT AGRANA, WE … ▪ utilise almost 100% of the raw materials employed and use low- emission technologies to minimise impacts on the environment ▪ respect all our stakeholders and the communities where
Slide 27: Core subjects along the value chain
AGRANA‘S CORE SUBJECTS ALONG THE VALUE CHAIN RAW MATERIAL ECO-EFFICIENCY OUR EMPLOYEES PRODUCT PROCUREMENT OF OUR RESPONSIBILITY COMPLIANCE PRODUCTION Environmental and social criteria in the Product responsibility sourcing of agricultural Labour practices and Environmental and human rights of and s
Slide 28: Efficient use of resources
ECO-EFFICIENCY OF OUR PRODUCTION EFFICIENT USE OF RESOURCES Efficient use of agricultural raw materials 98.6 – 99.9% use of agricultural raw materials AGRANA’s high utilisation rate reflects: ▪ The efficient use of raw materials ▪ As well as its technological innovativeness and product development c
Slide 29: Energy use, emissions & energy mix
ECO-EFFICIENCY OF OUR PRODUCTION ENERGY USE, EMISSIONS & ENERGY MIX AGRANA | ODDO BHF FORUM | 9-10 January 2023 29
Slide 30: Our net-zero ambition
OUR NET-ZERO AMBITION! ▪ AGRANA is committed to the goal of net-zero emissions from production (scope 1 + 2) by 2040 ▪ Goal by 2050: net-zero emissions across the whole value chain (scope 1 + 2 + 3) ▪ Corporate Carbon Footprint (Scope 1+2+3) in base year 2019|20: 5.1 Mio. t CO2e ▪ Scope 1 (direct em
Slide 31: GMO-free & organic products
PRODUCT RESPONSIBILITY AND SUSTAINABLE PRODUCTS GMO-FREE & ORGANIC PRODUCTS ▪ AGRANA does not make products anywhere in the world that require GMO labelling under local laws (for example, in the EU under Reg. EC No 1829/2003 and 1830/2003) ▪ AGRANA offers certified GMO-free products in the Fruit seg
Slide 32: Bioplastics from thermoplastic starches
BIOPLASTICS FROM THERMOPLASTIC STARCHES REPLACE REGULAR PLASTIC ▪ Thermoplastic starches form the basis for compound products for the use in applications, such as film extrusion and injection moulding ▪ 100% home-compostable without leaving microplastic residues ▪ Decay time: 6 months ▪ Biodegradabl
Slide 33: Starch specialities
PRODUCT RESPONSIBILITY AND SUSTAINABLE PRODUCTS STARCH SPECIALITIES ▪ Starch products replace ingredients of fossil Many glue sticks origin! (e.g. Green Glues) contain potato starch from Gmünd (approx. 70% per ▪ Focus on highly refined specialty products stick) ▪ Focus on organic and GMO-free starch
Slide 34: Complete utilisation potato - potato fibre
PRODUCT RESPONSIBILITY AND SUSTAINABLE PRODUCTS COMPLETE UTILISATION POTATO - POTATO FIBRE ▪ A potato starch dryer and a potato fibre dryer in Gmünd (AT) generate ➢ Added value processing the previously unused by- product "potato pulp" into potato fibre for use in the food industry ▪ Potato fibre ca
Slide 35: Fruit segment
SE G M E N T FRUIT 35
Slide 36: Fruit segment - business model
FRUIT SEGMENT - BUSINESS MODEL FRUIT PREPARATIONS FRUIT JUICE CONCENTRATES ▪ Based on mostly frozen fruits ▪ Based on fresh fruits ▪ Tailor-made customer products ▪ Production in the growing area of (several thousand recipes the fruits (water content and worldwide) quality of the fruits don't allow
Slide 37: Fruit preparation - what is it about?
FRUIT PREPARATION – WHAT IS IT ABOUT? FRUIT SUGAR FRUIT PREPARATIONS + = … most important ingredient of … sweetens and supports taste and optional flavors and colours fruit preparations durability for an even fruitier taste and ▪ Frozen (IQF or block) ▪ Crystal sugar an intense colour ▪ Aseptic ▪ Li
Slide 38: Fruit segment market position
FRUIT SEGMENT MARKET POSITION FRUIT PREPARATIONS Fruit preparations 26 FRUIT PREPARATION PLANTS & 14 FRUIT JUICE CONCENTRATE PLANTS ▪ World Market Leader in Fruit preparations global market share > 35% ▪ The emerging markets are overall showing good market growth rates, while the market’s sales volu
Slide 39: Market environment H1 2022|23
H1 2022|23 MARKET ENVIRONMENT Fruit segment ▪ Fruit preparations: due to the economically challenging times, with high inflation and continually rising energy costs in many parts of the world, consumers are increasingly focusing on affordability and on limiting themselves more to essential products
Slide 40: Fruit segment raw materials and production
RAW MATERIALS AND PRODUCTION IN H1 2022|23 FRUIT SEGMENT Fruit preparations ▪ Harvest of strawberry, the principal fruit, was completed in July in all relevant procurement markets; planned volume requirement was fully contracted ▪ In H1 2022|23, about 185,000 tonnes of raw materials were bought for
Slide 41: Starch segment
SE G M E N T STARCH 41
Slide 42: Starch segment market position
STARCH SEGMENT MARKET POSITION ▪ Austrian production sites: STARCH ▪ Potato starch factory in Gmünd 5 starch plants ▪ Corn starch plant in Aschach (incl. 2 bioethanol plants) ▪ Wheat starch & bioethanol plant in Pischelsdorf ▪ Operational management and coordination of international holdings in Hung
Slide 43: Specialisation strategy
STARCH SEGMENT SPECIALISATION STRATEGY FOOD Focus of Growth in products from special VALUE END PRODUCT ▪ AGRANA raw materials (market Textile industry, construction leadership) DERIVATIVES, ETHERS AND ESTERS industry, cosmetic industry ▪ Growth in starch derivatives for fruit preparations MALTODEXTR
Slide 44: AGRANA bioethanol activities
AGRANA BIOETHANOL ACTIVITIES PISCHELSDORF (Austria) ▪ Total investment: € 125 million ▪ Capacity: up to 240,000 m³ (= 190,000 tonnes) ▪ Production start: June 2008 ▪ Raw material base: wheat, corn and sugar beet thick juice* ▪ By-products: up to 190,000 tonnes of ActiProt© (animal feed) HUNGRANA (Hu
Slide 45: Market environment H1 2022|23
H1 2022|23 MARKET ENVIRONMENT Starch segment ▪ Conditions in terms of raw material availability, energy costs and security of energy supply, as well as customers’ declining purchase volumes, are creating comprehensive challenges across all product segments ▪ Volatility in the fuel alcohol market rem
Slide 46: Ethanol and petrol prices
1 JANUARY 2008 – 2 JANUARY 2023 (EUR) ETHANOL AND PETROL PRICES FY 2022|23 1600 Average daily ethanol price in EUR/m³ (Ethanol T2 FOB Rdam EUR/cm Platts) 1500 Average daily petrol price in EUR/m³ (PREM UNL-10ppm/FOB RDAM BARG Platts) 1400 1300 1200 2 January 2023: 1100 Ethanol: 763.5 EUR/m3 1000 Pet
Slide 47: Starch segment raw materials and production
RAW MATERIALS AND PRODUCTION IN H1 2022|23 STARCH SEGMENT Corn and wheat ▪ Receiving and processing of freshly harvested wet corn at the corn starch plant in Aschach, Austria, began at the end of August 2022 ▪ A wet corn volume of about 120,000 to 130,000 tonnes is expected to be received and its pr
Slide 48: Commodity prices wheat & corn
WHEAT & CORN (EURONEXT, PARIS) COMMODITY PRICES 1 January 2006 – 3 January 2023 (EUR) FY 2022|23 Wheat (Paris) 3 Jan. 2023: 309.0 EUR/t Corn (Paris) 3 Jan. 2023: 295.8 EUR/t AGRANA | ODDO BHF FORUM | 9-10 January 2023 48
Slide 49: Sugar segment
SE G M E N T SUGAR 49
Slide 50: AGRANA Sugar since the end of quotas
BENEFIT FROM THE STRONG MARKET POSITION IN CEE AND SEE AGRANA SUGAR SINCE THE END OF QUOTAS ▪ CEE area will continue to be a “sugar deficit region” (AGRANA is located in these main deficit areas) ▪ Complexity in logistics and costs from Western Europe are somehow a protection of intra-EU imports ▪ D
Slide 51: Market environment H1 2022|23
H1 2022|23 MARKET ENVIRONMENT Sugar segment ▪ Most analyst houses expect EU market prices to continue to rise sharply in the coming weeks and months, as, besides the relationship between supply and demand in the EU, adjusted selling prices will also have to reflect sugar producers’ increased product
Slide 52: Sugar price reporting
SUGAR PRICE REPORTING MONTHLY EU AVERAGE PRICES (OCTOBER 2013 TO OCTOBER 2022; € PER TONNE) SMY 2021|22 EU Average Price for White Sugar EU Reference Price London N°5 average 700 Oct. 2022: 650 586 €/t October 2022: 600 556.88 €/t 550 500 450 400 404 €/t 350 300 250 Okt.2013 Feb.2014 Okt.2014 Feb.20
Slide 53: Sugar quotation
RAW SUGAR & WHITE SUGAR SUGAR QUOTATION 1 January 2006 – 3 January 2023 (USD) FY 2022|23 White sugar (LIFFE) 3 Jan. 2023: 547.9 USD/t = 512.9 EUR/t Raw sugar (ICE) 3 Jan. 2023: 437.6 USD/t = 409.7 EUR/t 1/1/2011 Lowest in 12 years: Lowest in 12 years: White sugar, 15/7/2019: 294.0 USD/t Raw sugar, 2
Slide 54: World sugar production & consumption
WORLD SUGAR PRODUCTION & CONSUMPTION Million tonnes 200 194.2 190.8 187.6 183.3 184.6 182.2 184.8 185.4 181.5 180.6 179.0 179.9 179.3 180.6 180.4 181.1 179.9 181.3 176.3 180 174.2 160 140 120 100 77.9 78.9 75.9 76.7 80 69.7 72.6 70.5 69.5 66.9 67.8 60 40 20 0 2013|14 2014|15 2015|16 2016|17 2017|18
Slide 55: Sugar segment raw materials and production
RAW MATERIALS AND PRODUCTION IN H1 2022|23 SUGAR SEGMENT ▪ Area contracted by AGRANA with its growers in the 2022 crop year was about 74,000 hectares (2021: around 86,000 hectares) ▪ In Austria, the contract area for beet production was reduced by about 5% from the prior year, to just under 34,000 h
Slide 56: Financials H1 2022|23
H1 2022|23 FINANCIALS AGRANA Key Figures: https://www.agrana.com/en/ir/key-figures- agrana-group/key-figures 56
Slide 57: Revenue by segment
H1 2022|23 VS PRIOR YEAR REVENUE BY SEGMENT €m GROUP 1,792.3 1,424.4 FRUIT 727.5 ▪ Fruit preparations revenue rose for price reasons, while the increase in fruit juice concentrate revenue was additionally driven by volume 633.4 STARCH ▪ Extreme increases in raw material and energy costs made it 655.
Slide 58: EBIT by segment
H1 2022|23 VS PRIOR YEAR EBIT BY SEGMENT €m GROUP FRUIT 3.1% 44.8 11.1 0.6% ▪ Non-cash impairment of € 91.2 million on assets and goodwill was recognised in exceptional items ▪ Operationally, profitability in fruit preparations was significantly less than one year earlier; deterioration was attribut
Slide 59: Consolidated income statement
CONSOLIDATED INCOME STATEMENT H1 H1 Q2 Q2 €m (condensed) 2022|23 2021|22 2022|23 2021|22 Revenue 1,792.3 1,424.4 906.0 718.6 EBITDA1 141.2 94.0 69.1 49.2 Operating profit before except. items and results of equity-accounted JV 86.5 41.0 41.6 22.3 Share of results of equity-accounted JV 13.5 6.1 6.9
Slide 60: Electricity and natural gas
PRICE DEVELOPMENT (JANUARY 2010 – JANUARY 2023) ELECTRICTY AND NATURAL GAS € 900 800 700 600 500 400 300 200 100 0 -100 Electricity (Power Austria EPEX Spot) Natural Gas (NCG/THE) AGRANA | ODDO BHF FORUM | 9-10 January 2023 60
Slide 61: Energy costs in H1 2022|23
TOTAL AND BY SEGMENT ENERGY COSTS IN H1 2022|23 GROUP Energy costs €m 104.5 17.3 Energy mix of AGRANA Group in FY 2021|22 Biogas Biomass 49.0 Electricity 2% 1% 15.6 m GJ consumption (scope 1+2) 70.7 4% Other 11.2 Cole and coke 1% Natural gas (incl. LNG) 5% Renewable Steam electricity 30.4 10% Renewa
Slide 62: Net financial items | tax rate
NET FINANCIAL ITEMS | TAX RATE H1 H1 €m 2022|23 2021|22 Change Net interest expense (4.3) (3.7) -16.2% Currency translation differences (3.9) (2.1) -87.7% Other financial items (2.0) (1.3) -53.8% Total (10.2) (7.1) -44.3% H1 H1 €m Change 2022|23 2021|22 Profit before tax 0.8 37.7 -97.9% Income tax e
Slide 63: Consolidated cash flow statement
CONSOLIDATED CASH FLOW STATEMENT €m (condensed) H1 2022|23 H1 2021|22 Change Operating cash flow before changes in working capital 135.3 90.9 +48.8% Changes in working capital (166.9) (34.7) -381.0% Interest received and paid and income tax paid, net (11.9) (16.9) +29.6% Net cash (used in)/from (43.
Slide 64: Consolidated balance sheet
CONSOLIDATED BALANCE SHEET €m (condensed) 31 Aug 2022 28 Feb 2022 Change Non-current assets 1,048.6 1,135.0 -7.6% Current assets 1,607.1 1,508.6 +6.5% Total assets 2,655.7 2,643.6 +0.5% Equity 1,257.8 1,281.5 -1.8% Non-current liabilities 466.6 477.5 -2.3% Current liabilities 931.3 884.6 +5.3% Total
Slide 65: Investment overview
MOST IMPORTANT PROJECTS IN THE GROUP INVESTMENT OVERVIEW H1 2022|23 €m GROUP 35.7 FRUIT • Mitry-Mory, France (new 30.3 stainless steel containers) 10.9 • Dachang, China (completion of the application laboratory) 12.2 7.7 STARCH • Aschach, Austria (speciality corn 7.4 processing) • Aschach and Gmünd,
Slide 66: Supply security - heating oil as alternative to natural gas
ENERGY SUPPLY SECURITY - HEATING OIL AS A SHORT- TERM ALTERNATIVE TO NATURAL GAS ▪ AGRANA and its sites are part of the energy- intensive industry ▪ Security of supply: Switch to extra-light heating oil to ensure continuity of production, especially during campaigns − Installation of heating oil bur
Slide 67: Dividend
2021|22 DIVIDEND ▪ AGRANA is committed to a predictable, reliable and transparent dividend policy that is geared to continuity. ▪ The dividends are based on the result as well as on the Group’s cash flow and debt situation, while simultaneously maintaining a solid balance sheet structure. ▪ Moreover
Slide 68: Dividend and earnings per share
DIVIDEND AND EARNINGS PER SHARE € 3 Dividend for 2021|22: 2.63 € 0.75 per share 3 2.24 1.78 2 1.85 1.46 2 1.43 EPS adj. 0.96 0.96 1.00 1 0.77 1.00 1.00 1.13 0.90 0.90 0.90 0.75 0.85 1 0.45 0.41 0 (0.20) -1 2012|13 2013|14 2014|15 2015|16 2016|17 2017|18 2018|19 2019|20 2020|21 2021|22 DPS* EPS* Divi
Slide 69: Financial outlook 2022|23
2022|23 FINANCIAL OUTLOOK 69
Slide 70: Outlook for 2022|23
AGRANA GROUP OUTLOOK FOR 2022|23 EBIT 2022|23 Operating. profit 2022|23 Revenue 2022|23 This forecast is based on the assumption that the war in Ukraine remains regionally limited, that the physical supplies of energy and raw materials are ensured and that the significantly risen purchasin
Slide 71: Investment plan
OUTLOOK FOR 2022|23 INVESTMENT PLAN ▪ Total investment across the three business segments in the 2022|23 financial year, at approximately € 107 million ▪ Expected to exceed the 2021|22 level, but to be below this year’s budgeted Investment split 2022|23 depreciation of about € 120 (€ ~107 million) m
Slide 72: Capex evolution
INVESTMENT FOR SUSTAINABLE GROWTH CAPEX EVOLUTION €m Sugar Starch Fruit Deprec. GROUP 183.8 € 1.2 billion investment in 149.8 ten years 149.7 140.9 130.0 116.0 114.7 ~107 97.1 91.2 82.4 72.3 55.9 AGRANA | ODDO BHF FORUM | 9-10 January 2023 72
Slide 73: Financial calendar
2022|23 AND 2023|24 FINANCIAL CALENDAR 12 January 2023 Results for first three quarters of 2022|23 17 May 2023 Results for full year 2022|23 (annual results press conference) 27 June 2023 Record date for Annual General Meeting participation 6 July 2023 Results for first quarter of 2023|24 7 July 202
Slide 74: Disclaimer
DISCLAIMER This presentation is being provided to you solely for your information and may not be reproduced or further distributed to any other person or published, in whole or in part, for any purpose. This presentation comprises the written materials/slides for a presentation concerning AGRANA Bet
Slide 75: 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 | ODDO BHF FORUM | 9-10 January 2023 75