K+s Ag · XETR:SDF
K+s — K+S Aktiengesellschaft — Q1 2026 Earnings Presentation
11 slides from K+s's earnings presentation, May 11, 2026
Slide 1: Q1/2026 Results
May 11, 2026 Q1/2026 Results Dr. Christian H. Meyer Dr. Jens Christian Keuthen CEO CFO
Slide 2: 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 or 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
Slide 3: Agriculture customer segment – ASP
Agriculture customer segment – ASP The mineralogical composition of the Werra plant is unparalleled anywhere in the world ▪ Crude salt contains not only potassium but also magnesium sulfate ▪ Werra 2060 Project: The focus is on expanding and strengthening the specialties Average selling prices for M
Slide 4: Highlights Q1/26
Highlights Q1/26 Highlights Financials € million Q1/25 Q1/26 % ▪ Q1/26 EBITDA at €279 million (Q1/25: €201 million) ▪ Agriculture sales volumes (excl. trade goods) at 1.97 million tonnes Revenues 965 1,061 +10 (Q1/25: 1.97 million tonnes); ASP (excl. trade goods) at 336 €/t t/o Agriculture 665 678 +
Slide 5: ASP development in the Agriculture customer segment
ASP development in the Agriculture customer segment 2024 Q1/25 Q2/25 Q3/25 Q4/25 2025 Q1/26 Revenues € million 2,550.1 664.8 617.5 615.3 649.8 2,547.7 678.1 thereof trade goods (mainly specialties, overseas) 158.4 24.7 32.2 27.9 35.7 120.5 16.2 Europe € million 1,182.5 357.4 289.6 276.3 290.3 1,213.
Slide 6: Outlook
Outlook
Slide 7: Market outlook Agriculture
Market outlook Agriculture Potash demand growing further ▪ Global potash demand is expected to be above 2025, driven by ongoing demand in Brazil, China and Southeast Asia, following full capacity utilization in 2025. ▪ During the spring season, demand from many key sales markets had to be met simult
Slide 8: Market update de-icing salt
Market update de-icing salt Strong de-icing salt business ▪ We experienced exceptional winter weather across our key continental European markets in Q1/2026. ▪ This has resulted in a significant upturn in our de-icing salt business. ▪ We, therefore, expect significantly stronger FY de-icing salt sal
Slide 9: Guidance 2026
Guidance 2026* Guidance raised to range from €630 million to €730 million EBITDA (in € million) ▪ EBITDA is expected to range between €630 million and €730 million (previous forecast: 2,423 between €600 million and €700 million ). ▪ Higher end: Should the price rise overseas continue, with correspon
Slide 10: Housekeeping items / Financial calendar
Housekeeping items / Financial calendar Additional information on 2026 FY outlook – continuing operations ▪ Tax rate: 30% ▪ Cash interest: ~ €-20 million ▪ CapEx: about €600 million (2025: €546 million) ▪ D&A: about €400 million (2025: €458 million) Financial calendar 2026 Annual General Meeting May
Slide 11: Investor Relations @ K+S Aktiengesellschaft
Investor Relations @ K+S Aktiengesellschaft Julia Bock, CFA Head of Investor Relations & Corporate Secretary Phone: + 49 561 / 9301-1009 Fax: + 49 561 / 9301-2425 julia.bock@k-plus-s.com Esther Beuermann, MBA Senior Investor Relations Manager Phone: + 49 561 / 9301-1679 Fax: + 49 561 / 9301-2425 est
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