Agrana Beteiligungs-ag · VIE:AGR
Agrana Beteiligungs-ag — H1 2026|27 Earnings Presentation
31 slides from Agrana Beteiligungs-ag's earnings presentation, Oct 8, 2026
Slide 1: AGRANA H1 Conference Call
AGRANA H1 Conference Call Results for the first half of 2026|27 AGRANA Report on H1 2026|27: www.agrana.com/ir/publications ©AGRANA Vienna, 8 October 2026
Slide 2: Agenda
Agenda 1 2 3 H1 2026|27 H1 2026|27 FY 2026|27 Overview & Segments & Outlook Highlights Financials ©AGRANA H1 26|27 Conf Call, 8 October 2026 2
Slide 3: H1 2026|27 Overview & Highlights
01 H1 2026|27 Overview & Highlights ©AGRANA H1 26|27 Conf Call, 8 October 2026 3
Slide 4: Performance broadly in line with expectations
H1 2026|27 – Overview Performance broadly in line with expectations • Our business performance in the second quarter – and thus also in the first half of 2026|27 – remained broadly in line with expectations • Market environment still challenging • We were able to moderately improve our operating per
Slide 5: Key figures (1/2)
H1 2026|27 – Overview Key figures (1/2) Revenue Operating profit 1 Exceptional items EBIT 2 € 1,700.2 € 57.4 € 1.2 € 63.5 million million million million (H1 prev. year: € 1,691.6 m) (H1 prev. year: € 52.2 m) (H1 prev. year: € –20.8 m) (H1 prev. year: € 28.0 m) 1 BEFORE exceptional items and results
Slide 6: Key figures (2/2)
H1 2026|27 – Overview Key figures (2/2) Free Cashflow Net debt Gearing ratio Equity ratio € –9.2 € 464.1 41.2 46.2 million million % % (H1 prev. year: € 83.5 m) (28 Feb 2026: € 421.0 m) (28 Feb 2026: 39.2%) (28 Feb 2026: 44.1%) ©AGRANA H1 26|27 Conf Call, 8 October 2026 6
Slide 7: AUSTRIA JUICE and Mercator-Emba
H1 2026|27 – AGRANA NEXT LEVEL AUSTRIA JUICE and Mercator - Emba • A key focus in the current business year remains the integration of our subsidiaries AUSTRIA JUICE and Mercator-Emba • Both companies are developing according to plan and already making valuable contributions to strengthening our FBS
Slide 8: Planned acquisition of esarom (1/2)
Ad-hoc announcement as of 9 September 2026 Planned acquisition of esarom (1/2) • Purchase agreement was signed on 9 September 2026 • esarom develops and produces, flavours, bases, powders, emulsions, functional blends and stabilisers for the food and beverage sector • Considerable expertise in formu
Slide 9: Planned acquisition of esarom (2/2)
Ad-hoc announcement as of 9 September 2026 Planned acquisition of esarom (2/2) • Following anti-trust approval from the competent public authorities, the aim is to close the transaction at the beginning of the 2027|28 financial year • Given the EBITDA multiple of 9.0x, the agreed enterprise value am
Slide 10: Drought as a challenge
H1 2026|27 – Raw materials Drought as a challenge • Framework conditions for the food and agricultural industry remain highly volatile • In particular, the ongoing drought in numerous agricultural regions across Europe and other parts of the world is affecting the availability and price trends of ke
Slide 11: Raw materials and production (1/2)
H1 2026|27 Raw materials and production (1/2) • ACS – Starch: integrated biorefinery in Pischelsdorf, Austria (wheat, organic wheat, triticale, corn, and molasses), total volume rose to approximately 540,000 tonnes (H1 previous year: approximately 521,000 tonnes) • Potato starch factory in Gmünd, Au
Slide 12: Raw materials and production (2/2)
H1 2026|27 Raw materials and production (2/2) • Beverage business: as a result of the unfavourable weather conditions, the raw material availability and processing volumes for raspberries, blackcurrants, and aronia berries were below the previous year’s levels • Apple campaign began in late August.
Slide 13: Development of energy costs
AGRANA Group Development of energy costs €m 400 357.0 350 300.1 300 245.6 250 214.6 204.1 200 150 123.7 116.2 100 50 0 2019|20 2020|21 2021|22 2022|23 2023|24 2024|25 2025|26 Group ©AGRANA H1 26|27 Conf Call, 8 October 2026 13
Slide 14: Investment overview H1 2026|27
Most important projects in the Group Investment overview H1 2026|27 Food & Beverage Solutions (FBS): €m GROUP • Capacity expansion for the food service portfolio in Jiangsu, China 44.7 • Expansion of fruit preparation capacities in 43.1 Lysander, New York, USA ACS – Starch: 23.7 • Investments in cap
Slide 15: Investment plan for 2026|27
AGRANA Group Investment plan for 2026|27 Investment split 2026|27 (€ ~113 million) 3% ▪ Total investment in this financial 11% year approximately € 113 million; is expected to be moderately higher 18% than the 2025|26 value, but below budgeted depreciation of about € 117 68% million FBS ACS – Starch
Slide 16: H1 2026|27 Segments & Financials
02 H1 2026|27 Segments & Financials ©AGRANA H1 26|27 Conf Call, 8 October 2026 16
Slide 17: Revenue by segment
H1 2026|27 vs H1 previous year Revenue €m GROUP by segment 1,691.6 +0.5% 1,700.2 859.1 896.4 FBS 506.5 +0.3% 508.1 ACS – Starch ACS – Sugar 309.6 280.4 HCO 16.4 15.3 H1 2025|26 H1 2026|27 ©AGRANA H1 26|27 Conf Call, 8 October 2026 17
Slide 18: EU and world market quotations
Trend in sugar quotations/prices EU - and world market quotations Source: Sugar Market situation, European Commission; published on 27 August 2026 ©AGRANA H1 26|27 Conf Call, 8 October 2026 18
Slide 19: EBIT by segment
H1 2026|27 vs H1 previous year EBIT €m by segment EBIT margin EBIT margin H1 2025|26 H1 2026|27 60.3 6.7% 7.9% 68.0 >+100% 17.2 3.4% 0.6% 3.1 (6.8) FBS (12.0) (2.0) (0.7%) ACS – Starch (11.7%) (36.3) ACS – Sugar GROUP >+100% HCO 1.7% 28.0 63.5 3.7% H1 2025|26 H1 2026|27 ©AGRANA H1 26|27 Conf Call, 8
Slide 20: FY 2026|27 Outlook
03 FY 2026|27 Outlook ©AGRANA H1 26|27 Conf Call, 8 October 2026 20
Slide 21: Outlook for 2026|27
AGRANA Group Outlook for 2026|27 EBIT 2026|27 Revenue 2026|27 • At Group level for the 2026|27 financial year, operating profit (EBIT) is expected to increase very significantly from last year, to a range of € 90 to 110 million • Group revenue is projected to show slight growth • Under the corporate
Slide 22: Outlook for 2026|27 by segment
AGRANA Segments Outlook for 2026|27 FOOD & BEVERAGE SOLUTIONS Revenue Moderate increase* EBIT Moderate reduction* ACS – STARCH Revenue ➔ Steady* EBIT Significant increase* ACS – SUGAR Revenue Moderate reduction* EBIT Very significant improvement* * T h ese qu a n t i t a t i v e t e r m
Slide 23: Outlook for the third quarter of 2026|27
AGRANA Group Outlook for the third quarter of 2026|27 Q3 2025|26 (3 months) EBIT: € 20.4 million Q3 2026|27 EBIT for the third quarter of the 2026|27 financial year is projected to EBIT be very significantly above the prior- year quarter’s level. ©AGRANA H1 26|27 Conf Call, 8 October 2026 23
Slide 24: Financial calendar
2026|27 and 2027|28 financial year Financial calendar 14 January 2027 7 July 2027 Results for first three quarters of 2026|27 Record date for dividend 14 May 2027 8 July 2027 Results for full year 2026|27 (annual results press conference) Results for first quarter of 2027|28 21 June 2027 9 July 2027
Slide 25: Appendix
H1 2026|27 Appendix ©AGRANA H1 26|27 Conf Call, 8 October 2026 25
Slide 26: Consolidated income statement
H1/Q2 2026|27 vs H1/Q2 previous year Consolidated income statement H1 H1 Q2 Q2 €m (condensed) 2026|27 2025|26 2026|27 2025|26 Revenue 1,700.2 1,691.6 844.9 811.4 EBITDA 1 110.4 106.1 51.2 53.7 Operating profit before except. items and results of equity-accounted JV 57.4 52.2 24.2 26.6 Share of resul
Slide 27: Net financial items | Tax Rate
H1 2026|27 vs H1 previous year Net financial items |Tax Rate €m H1 2026|27 H1 2025|26 Change Net interest expense (11.8) (12.5) +5.6% Currency translation differences 0.9 (6.5) +113.8% Other financial items (1.4) (0.7) –100.0% Total (12.3) (19.7) +37.6% €m H1 2026|27 H1 2025|26 Change Profit before
Slide 28: Consolidated cashflow statement
H1 2026|27 vs H1 previous year Consolidated cashflow statement H1 H1 €m (condensed) 2026|27 2025|26 Change Operating cash flow before changes in working capital 115.5 104.4 +10.6% Changes in working capital (29.9) 22.1 –235.3% Total in interest paid/received and tax paid (20.7) (23.3) +11.2% Net cas
Slide 29: Consolidated balance sheet
31 August 2026 vs 28 Feb 2026 Consolidated balance sheet €m (condensed) 31 Aug 2026 28 Feb 2026 Change Non-current assets 1,051.6 1,003.8 +4.8% Current assets 1,388.6 1,434.5 –3.2% Total assets 2,440.2 2,438.3 +0.1% Total equity 1,127.5 1,074.5 +4.9% Non-current liabilities 552.7 470.7 +17.4% Curren
Slide 30: Contacts
Contacts Investor Relations Mr. Hannes Haider Phone: +43-1-211 37-12905 Email: investor.relations@agrana.com AGRANA Beteiligungs-AG Friedrich-Wilhelm-Raiffeisen-Platz 1 1020 Vienna, Austria www.agrana.com AGRANA Investor Relations: www.agrana.com/investor-relations ©AGRANA H1 26|27 Conf Call, 8 Octo
Slide 31: 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
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