Agrana Beteiligungs-ag · VIE:AGR
Agrana Beteiligungs-ag — Non-Deal Roadshow (June 2025)
69 slides from Agrana Beteiligungs-ag's roadshow presentation, Jun 5, 2025
Slide 1: Roadshow Paris
THE NATURAL UPGRADE Roadshow Paris 5 June 2025 AGRANA Beteiligungs-AG AGRANA Online report 2024|25: reports.agrana.com/en A G R A N A | R o a d s h o w Pa r i s | 5 J u n e 2 0 2 5 1
Slide 2: Contents
Contents 1 Introduction & business overview 2 Strategy AGRANA NEXT LEVEL 3 FOCUS on ESG 4 Segment overview: Fruit, Starch and Sugar 5 Financials 2024|25 6 Outlook 2025|26 A G R A N A | R o a d s h o w Pa r i s | 5 J u n e 2 0 2 5 2
Slide 3: Introduction & business overview
THE NATURAL UPGRADE Introduction & business overview AGRANA Group A G R A N A | R o a d s h o w Pa r i s | 5 J u n e 2 0 2 5 3
Slide 4: About us
AGRANA Facts About us • We refine agricultural raw materials into a variety of industrial products for the processing industry • We supply local producers and large international World market leader in the corporations, especially in the food processing industry production of • In the sugar segment,
Slide 5: We all consume AGRANA (products)
Strategic positioning B2B We all consume AGRANA (products) At the beginning AGRANA refines AGRANA supplies We all consume AGRANA there is always agricultural raw the Big Names... every day without agriculture… materials... noticing it... confectione r y, bevera ge, fermenta tion industries , f
Slide 6: AGRANA products in daily life
AGRANA products in daily life At a glance FRUIT STARCH SUGAR • Fruit juice concentrates • AGRANA produces starch and Sugar is sold to customers are fruit juice and special starch products • consumers via the food trade beverage bottlers and fillers • Starch is a complex carbohydrate and • Fruit prep
Slide 7: Segmentation by segment
50 Production sites worldwide as of 31 May 2025 Segmentation by segment FRUIT STARCH SUGAR 5 sugar beet plants 24 fruit preparation plants and 5 starch plants 2 raw sugar refineries & 13 fruit concentrate plants (incl. 2 bioethanol plants) (1 Instantina plant) Czech Rep. Slovakia Austria Hungary* Ro
Slide 8: Agricultural raw materials processed: 9.9 million tonnes
2024|25 financial year Agricultural raw materials processed: 9.9 million tonnes 2% Beet 6.5 million tonnes 7% Raw sugar 0.1 million tonnes Grain 2.4 million tonnes Potato 0.2 million tonnes Fruits 0.7 million tonnes 24% 3 Mio. t HIGHLIGHTS 6 Mio. t Fruit segment: 66% ▪ 2024 apple harvest was signifi
Slide 9: FOCUS on Food
Revenue by product group (2024|25) FOCUS on Food FRUIT STARCH SUGAR € 1,630.4 m € 1,014.0 m € 869.6 m A G R A N A | R o a d s h o w Pa r i s | 5 J u n e 2 0 2 5 9
Slide 10: Our History
AGRANA Group ACQUISITION of the American Our History organic distribution company Marroquin EXPANSION Organic of the company‘s International presence in the area of fruit preparations EXPANSION DEVELOPMENT in the Middle East of the company‘s OPENING of the third business and Africa with presence of
Slide 11: Shareholder structure
Current status Shareholder structure ~30% Rübenproduzenten Beteiligungs-GmbH ~50% ZBG ~70% Raiffeisen-Holding AGRANA NÖ-Wien Zucker, Stärke und Frucht Holding AG ~78.4% ~10% ~50% Südzucker ~2.7%1 Total: 62,488,976 shares ~18.9% 1 directly held by Südzucker A G R A N A | R o a d s h o w Pa r i s | 5
Slide 12: Management Board
AGRANA Group Management Board CEO Stephan Büttner CTO Norbert Harringer CAO Stephan Meeder • Strategy & Transformation incl. • Operational Excellence incl. • Internal Audit Mergers & Acquisitions Occupational Safety and • Finance Investment • Commercial Excellence • Purchasing/Logistics/Supply • Inf
Slide 13: Strategy NEXT LEVEL
THE NATURAL UPGRADE Strategy “NEXT LEVEL“ A G R A N A | R o a d s h o w Pa r i s | 5 J u n e 2 0 2 5 13
Slide 14: Implementation status of the NEXT LEVEL strategy
AGRANA NEXT LEVEL Implementation status of the NEXT LEVEL strategy ▪ Implementation of the new structure began in November 2024 ▪ First step is to transform the holding company into a strategic holding company ▪ In the FY 2024|25 already focused on optimising working capital and net debt ▪ Optimisat
Slide 15: Challenges necessitate a new strategy
Background “NEXT LEVEL” Challenges necessitate a new strategy Increase in turnover mainly due to rising prices Concentration in (Central) Europe with low market growth Low growth Customer focus in the food industry and trade with low growth High commodity component*: Vulnerability to agricultural cy
Slide 16: Objectives of AGRANA NEXT LEVEL
The new “NEXT LEVEL” strategy Objectives of AGRANA NEXT LEVEL • Increase efficiency and reduce costs • Harmonisation of structures and leveraging of synergies • Working capital optimisation: • Improvement in liquidity • Debt reduction to free up capital for future growth initiatives • Sustainability
Slide 17: Organisational analysis across two horizons
The new “NEXT LEVEL” strategy Organisational analysis across two horizons OBJECTIVE: Reducing costs and improving collaboration Horizon I project HORIZON I: AGRANA HOLDING (Cooperation between holding ADMIN company & divisions) • Optimisation of costs within the Cooperation holding company and in co
Slide 18: AGRANA – NEXT LEVEL
The new “NEXT LEVEL” strategy AGRANA – NEXT LEVEL Creating value with nature Strategic holding company Strategic development and control vertical synergies Innovation impulses Commodity-focused/ Customer-focused/ processing expertise Agricultural Food & formulation expertise Commodities & Beverage R
Slide 19: Current holding company becomes strategic light holding company
The new “NEXT LEVEL” strategy Current holding company becomes strategic “light” holding company Transition to a streamlined, efficient “light” holding company • Focus on value-adding key roles • Current challenges: High administrative costs, lengthy decision-making processesand frequent • Bundling o
Slide 20: Three segments for two business areas
The new “NEXT LEVEL” strategy Three segments for two business areas Transformation from a strict divisional structure to a functional, permeable model with two main business areas Agricultural Commodities Food & Fruit-, Brown Flavor- & spicy & Specialities Starch, Sugar, Fruit juice concentrate Beve
Slide 21: Commodities division target operating model
The new “NEXT LEVEL” strategy Commodities division with core competencies in raw materials management and in the first transformation Agricultural Commodities and Specialities Target Operating Model Raw materials Core competencies along the value chain Products / Specialities Potatoes First Second C
Slide 22: Customer-centric solutions division
The new “NEXT LEVEL” strategy Customer-centric solutions division with a focus on product development Food and beverage solutions target operating model Customer groups Core competencies along the value chain Solutions First Second Customer Fruit prep (dairy/non-dairy), Food Raw materials transforma
Slide 23: Priorities for implementation in FY 2024|25 and FY 2025|26
Conclusion “NEXT LEVEL” Priorities for implementation in the FY 2024|25 and FY 2025|26 Initiatives (selection) Pursuit of divisional strategies – profitable growth Divisions Realisation of portfolio potential Fruit Starch / sugar synergy potential (especially cost optimisation) Horizon II Design of
Slide 24: Up to €100m identified as effect of the measures
Cost-saving measures – Overview of Horizon 1 & 2 Up to € 100m were identified as the effect of the measures Identified savings potential by cost type, € million Identified savings potential by measure lever, € million ~ 80-100 ~ 80-100 Total potential Synergy effects Other effects in the holding Sta
Slide 25: Strategic goals 2030+
Conclusion “NEXT LEVEL” Strategic goals 2030+ • Greater efficiency at lower fixed costs EBITDA • A new role for the holding margin and the divisions > 10% • Focus on value-added ROCE products, co-creative > 10% development of customised solutions with customers A G R A N A | R o a d s h o w Pa r i s
Slide 26: FOCUS on ESG
THE NATURAL UPGRADE FOCUS on ESG AGRANA-Climate Strategy A G R A N A | R o a d s h o w Pa r i s | 5 J u n e 2 0 2 5 26
Slide 27: Sustainability at AGRANA – core action areas
Sustainability at AGRANA- – core action areas Sustainability is important to AGRANA, which is why sustainability aspects were integrated into the Group strategy in order to harmonise ecological, economic and social goals The focus of our activities lies in the following areas: • Emission reduction &
Slide 28: Sustainability targets of the AGRANA Group
Sustainability targets of the AGRANA Group Climate change mitigation and resource efficiency Areas of action Targets and KPI FY 2024|25 50% absolute reduction of Scope 1 and 2 GHG emissions by 2030 and net-zero emissions On track by 2040 Reduction of GHG emissions| SBTi-verified climate targets Appr
Slide 29: Sustainability targets of the AGRANA Group
Sustainability targets of the AGRANA Group Social and Governance Areas of action Targets and KPI FY 2024|25 Workplace safety Reduction of lost time injury rate (LTIR) to 5.0 by 2026/27 5.6 Equality 30% share of women in management positions by 2030 28.4% Code of Conduct awareness campaign for blue-c
Slide 30: AGRANA climate targets | SBTi targets
AGRANA – climate targets | SBTi targets NEAR- SCOPE 1 SCOPE 2 SCOPE 3 TERM 2030 2030 (from basis year 2019|20) 50% abs. reduction of 30% abs. reduction GHG-emissionen of GHG-emissionen Science Based Targets validated in September 2023 LONG-TERM Net-zero emissionen Net-zero emissionen TARGET- by 2040
Slide 31: Climate pathway of the AGRANA Group
Climate pathway of the AGRANA Group A G R A N A | R o a d s h o w Pa r i s | 5 J u n e 2 0 2 5 31
Slide 32: Sustainable Agriculture Initiative Platform
Sustainable Agriculture Initiative Platform • The SAI platform, of which AGRANA has been a member since 2014, is a global food industry initiative for sustainable agriculture. • SAI Platform develops principles and practices of sustainable agriculture and offers 2 key tools to document sustainable e
Slide 33: Segment overview
THE NATURAL UPGRADE Segment overview A G R A N A | R o a d s h o w Pa r i s | 5 J u n e 2 0 2 5 33
Slide 34: Fruit segment
THE NATURAL UPGRADE Fruit segment A G R A N A | R o a d s h o w Pa r i s | 5 J u n e 2 0 2 5 34
Slide 35: 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 (several thousand recipes area of the fruits (water worldwide) content and quality of the • Customers: dairy, b
Slide 36: Fruit preparation – what is it about?
Fruit segment Fruit preparation – what is it about? FRUIT FRUIT SUGAR PREPARATIONS + = … most important … sweetens and … optional flavors ingredient of fruit supports taste and and colours for an preparations durability even fruitier taste • Frozen (IQF or • Crystal sugar and an intense block) • Liq
Slide 37: Fruit segment market position
Fruit segment Market position FRUIT PREPARATIONS Fruit preparations 24 FRUIT PREPARATION PLANTS & 13 FRUIT JUICE CONCENTRATE PLANTS • World Market Leader in Fruit preparations global market share ~40% • Most emerging markets are showing good market growth rates, while the market’s sales volumes of f
Slide 38: Starch segment
THE NATURAL UPGRADE Starch segment A G R A N A | R o a d s h o w Pa r i s | 5 J u n e 2 0 2 5 38
Slide 39: Starch segment market position
Starch segment Market position • Austrian production sites: − Potato starch factory in Gmünd − Corn starch plant in Aschach STARCH − Wheat starch & bioethanol plant in 5 starch plants Pischelsdorf (incl. 2 bioethanol plants) • Operational management and coordination of international holdings in Hung
Slide 40: Starch specialisation strategy
Starch segment Specialisation strategy FOOD • Growth in products from VALUE END PRODUCT special raw materials (market leadership) • Growth in starch Textile industry, construction derivatives for fruit DERIVATIVES, ETHERS AND ESTERS industry, cosmetic industry preparations • Growth in „high care“- F
Slide 41: AGRANA bioethanol activities
Starch segment 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* • Raw material base: wheat, corn, B+C starch slurry HUNGRANA
Slide 42: E10 available in Austria
Starch segment E10 • AVAILABLE IN AUSTRIA SINCE THE END OF MARCH 2023 • AGRANA has been producing enough bioethanol for a 10% blend (E10) in Austria since 2008 • Before E10 introduction, 40% of production used for E5 blending; 60% exported, resulting in a loss of nearly 200,000 t GHG savings for Aus
Slide 43: Ethanol and petrol prices
Ethanol and petrol prices FY 2024|25 1 January 2008 – 3 June 2025 Ethanol (Platts T2 spec.) | Fuel (PU-10PP-ARA) (EUR per m 3 ) FY 2024|25 Close 3 June 2025 Ethanol avg. price: ~680 EUR/m3 –8% vs prior year 602.0 EUR/m3 A G R A N A | R o a d s h o w Pa r i s | 5 J u n e 2 0 2 5 43
Slide 44: Commodity prices
Wheat & Corn (Euronext, Paris) Commodity prices FY 2024|25 1 January 2006 – 3 June 2025 Wheat | Corn (EUR per tonne) Closing / 28 Feb 2025 Wheat 221.8 EUR/t Corn 220.8 EUR/t Whea t (Pa ris) 3 J une 2025: 202.0 E UR /t Corn (Pa ris) 3 J une 2025: 185.0 E UR /t A G R A N A | R o a d s h o w Pa r i s |
Slide 45: Sugar segment
THE NATURAL UPGRADE Sugar segment A G R A N A | R o a d s h o w Pa r i s | 5 J u n e 2 0 2 5 45
Slide 46: Strong market position in CEE
AGRANA Sugar Strong market position in CEE • Market leader in Austria and top supplier in Eastern 5 Sugar Plants and and South-Eastern Europe 2 Raw Sugar Refineries • Close partnership with beet farmers: AGRANA offers a wide range of services for the sugar beet Czech Republic cultivation Slovakia •
Slide 47: EU vs sugar world market prices
Sugar price reporting EU vs sugar world market prices € Source: Sugar Market situation; European Commission, published on 28 May 2025 A G R A N A | R o a d s h o w Pa r i s | 5 J u n e 2 0 2 5 47
Slide 48: Restructuring Sugar segment
AGRANA NEXT LEVEL Restructuring Sugar segment ▪ Current market situation and business outlook for the Sugar segment demand a quick structural, personnel and logistical consolidation of this business ▪ Accordingly, on 12 March 2025 the AGRANA Supervisory Board approved proposal of the Management Boar
Slide 49: Financials 2024|25
THE NATURAL UPGRADE Financials 2024|25 A G R A N A | R o a d s h o w Pa r i s | 5 J u n e 2 0 2 5 49
Slide 50: Overview - Highlights
2024|25 financial year Overview - Highlights ▪ Business performance in the FY 2024|25 unfortunately not satisfactory ▪ Economic activity in Europe sluggish; Austria and Germany in recession ▪ Volatility (raw materials and energy purchasing) continues to be high ▪ Operating in a less predictable mark
Slide 51: Overview – Key figures
2024|25 financial year Overview – Key figures Revenue: € 3,514.0 m EBIT: € 40.5 m –7.2% –73.2% (2023|24: € 3,786.9 m) (2023|24: € 151.0 m) Free cash flow: € 259.1 m Equity ratio: 45.4% +100.5% +2.2pp (2023|24: € 129.2 m) (2023|24: 43.2%) Net debt: € 436.4 m Gearing ratio: 35.5% –31.4% –15.5pp (2023|
Slide 52: Revenue by segment
FY 2024|25 vs prior year Revenue by segment Fruit segment: ▪ Fruit preparations: revenue increased slightly, driven both by prices and volumes Group ▪ Fruit juice concentrates: revenue was €m significantly higher year-on-year for price reasons 3,786.9 3,514.0 Starch segment: ▪ Market prices for the
Slide 53: EBIT by segment
FY 2024|25 vs prior year Fruit segment: ▪ EBIT included negative net exceptional items of € 2.0 m, EBIT by segment primarily for reorganisation measures in the fruit preparations business; in the previous year, impairment totalling € 24.7 m had been recognised (primarly on assets in Asia) ▪ Fruit pr
Slide 54: Consolidated income statement
Consolidated income statement €m (condensed) 2024|25 2023|24 Change Revenue 3,514.0 3,786.9 –7.2% EBITDA 1 190.9 291.1 –34.4% Operating profit before except. items and results of equity-accounted JV 76.5 176.7 –56.7% Share of results of equity-accounted JV 0.5 1.4 –64.3% Exceptional items (36.4) (27
Slide 55: Exceptional items
Exceptional items Split by segment €m 2024|25 2023|24 Change Exceptional items (36.4) (27.0) –34.6% thereof Fruit segment (2.0) (24.7) +91.7% Starch segment (6.1) 0.0 – Sugar segment (28.3) (2.3) –1,128.3% Split by category €m 2024|25 2023|24 Change Exceptional items (36.4) (27.0) –34.6% thereof Imp
Slide 56: Energy costs
Energy costs €m 357.0 41.9 300.1 47.7 245.6 214.6 165.5 41.6 31.4 139.0 123.7 116.2 87.7 113.5 26.0 23.2 55.7 149.6 58.6 113.4 95.5 90.5 42.0 34.4 2019|20 2020|21 2021|22 2022|23 2023|24 2024|25 Fruit Starch Sugar A G R A N A | R o a d s h o w Pa r i s | 5 J u n e 2 0 2 5 56
Slide 57: Net financial items | Tax Rate
Net financial items | Tax Rate €m 2024|25 2023|24 Change Net interest expense (30.0) (32.3) +7.1% Currency translation differences (6.2) (18.4) +66.0% Income from non-cons. subsidiaries and outside comp. 0.0 0.1 +100.0% Other financial items (0.6) (2.7) +77.8% Total (36.8) (53.3) +31.0% €m 2024|25 2
Slide 58: Consolidated cashflow statement
Consolidated cashflow statement €m (condensed) 2024|25 2023|24 Change Operating cash flow before changes in working capital 217.6 316.3 –31.2% Changes in working capital 195.9 (46.1) +524.9% Total in interest paid/received and tax paid (52.4) (30.0) –74.7% Net cash from operating activities 361.1 24
Slide 59: Consolidated balance sheet
Consolidated balance sheet €m (condensed) 28 Feb 2025 29 Feb 2024 Change Non-current assets 1,038.1 1,031.2 +0.7% Current assets 1,672.8 1,858.2 –10.0% Total assets 2,710.9 2,889.4 –6.2% Total equity and liabilities 1,229.7 1,248.4 –1.5% Non-current liabilities 476.6 628.7 –24.2% Current liabilities
Slide 60: Dividend proposal
2024|25 financial year Dividend proposal ▪ Dividend proposal to the Annual General Meeting (4 July 2025): € 0.70 per share for the 2024|25 financial year (2023|24: € 0.90 per share) ▪ Dividend yield (based on the closing share price at the last balance sheet date): 6.6% ▪ AGRANA is committed to a pr
Slide 61: Financial structure
Financial structure Due within Due after more €m 28 Feb 2025 1 year than 1 year 29 Feb 2024 Borrowings 660.3 276.2 384.1 742.4 Securities and cash (equivalents) (223.9) (106.3) Net debt 436.4 636.1 Credit lines 987.8 253.4 734.4 1,174.8 Average effective interest rate 3.55% 3.92% (as of balance shee
Slide 62: Capex evolution
Investment over the last 15 years (including outlook) Capex evolution GROUP Sugar Starch Fruit Deprec. €m 183.8 149.8 149.7 140.9 130.0 127.3 116.0 114.7 113.7 ~120 97.1 102.9 91.2 82.4 72.3 55.9 A G R A N A | R o a d s h o w Pa r i s | 5 J u n e 2 0 2 5 62
Slide 63: Financial outlook 2025|26
THE NATURAL UPGRADE Financial outlook 2025|26
Slide 64: Outlook for 2025|26
AGRANA Group Outlook for 2025|26 EBIT 2025|26 ➔ Revenue 2025|26 ▪ AGRANA expects a steady performance in terms of operating profit (EBIT) ▪ Group revenue is projected to show a slight reduction ▪ Total investment across the three business segments, at approximately € 120 million, slightly above bu
Slide 65: Outlook for 2025|26 by segment
AGRANA Segments Outlook for 2025|26 FRUIT STARCH Revenue Slight increase* Revenue ➔ Steady* EBIT Significant reduction* EBIT Significant increase* SUGAR Revenue Significant reduction* EBIT Moderate improvement* * These qua ntita ti ve te rms a s use d in this Outlook section a re define
Slide 66: Outlook for first quarter of 2025|26
AGRANA Group Outlook for first quarter of 2025|26 Q1 2024|25 (3 months) EBIT: € 32.3 million Q1 2025|26 Very significant decline in EBIT is expected compared to the year-earlier EBIT quarter This reflects the fact that the earnings situation in the Sugar segment before exceptional items is projected
Slide 67: Financial calendar
FY 2025|26 Financial calendar 24 June 2025 14 July 2025 Record date for participation in Annual General Meeting Dividend payment date 4 July 2025 9 October 2025 Annual General Meeting in respect of 2024|25 Results for first half of 2025|26 9 July 2025 13 January 2026 Ex-dividend date Results for fir
Slide 68: 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/en AGRANA Investor Relations: www.agrana.com/en/ir A G R A N A | R o a d s h o w Pa r i s | 5 J
Slide 69: Disclaimer
Disclaimer This presenta tion is be ing provide d to you solely for your informa tion a nd ma y not be reproduced or further distributed to a n y other person or published, in whole or in pa rt, for a ny purpose. This presenta tio n comprises the written ma teria ls/slides for a presenta tion concer
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