Kws Saat Se & Co Kgaa · XETR:KWS
Kws Saat Se & Co Kgaa — 9M 2024/25 Earnings Presentation
13 slides from Kws Saat Se & Co Kgaa's earnings presentation, May 13, 2025
Slide 1: Analyst & Investor Call 9M 2024/25
Analyst & Investor Call 9M 2024/25 Dr. Jörn Andreas (CFO) May 13, 2025
Slide 2: Cautionary Statements Regarding Forward-Looking Information
Cautionary Statements Regarding Forward-Looking Information This document contains certain forward-looking statements relating to the business, financial performance and results of KWS SAAT SE & Co. KGaA and/or its subsidiaries and/or the industry in which KWS SAAT SE & Co. KGaA and its subsidiaries
Slide 3: Sustained operational profitability and improved cash flow
Sustained operational profitability and improved cash flow ▪ Robust top-line despite considerable Net sales Gross Margin headwinds / FX-impact –0.6% ▪ € 1,344.3m 63.4% ▪ Lower EU acreages for Corn and Sugarbeet Gross margin increased based on improved (€ 1,360.4m) (62.5%) product mix ▪ Key figures i
Slide 4: 9M 2024/2025 results impacted by one-off items
9M 2024/2025 results impacted by one-off items in € million 9M 2024/25 9M 2023/24 Δ yoy Sales 1,344.3 1,360.4 -1.2% -0.6% (cpa.) Gross profit 851.9 850.7 +0.1% EBITDA 360.8 401.9 -10.2% EBIT 282.1 336.4 -16.1% Sugarbeet - release VAT provision 8.0 - Corn - divestment China business - 30.0 Vegetables
Slide 5: Sugarbeet Segment
Sugarbeet Segment 9M 2023/2024 9M 2024/2025 +2% (cpa.) 688 693 Growth and sustained high profitability through product innovations +6% ▪ Slight sales growth despite significant decline in acreage 309 ▪ Global acreage 2025 : -7%, mainly EU-27 291 ▪ Innovations CONVISO® SMART and CR+ drive business pe
Slide 6: Corn Segment
Corn Segment 9M 2023/2024 9M 2024/2025 -3% (cpa.) Significant headwind for Corn Europe 572 553 ▪ European corn business in challenging market environment: Sale acreage down by ~3% for season due to lower corn corn China commodities and high comparison € 30m ▪ JV AgReliant: growth of corn business (v
Slide 7: Cereals Segment
Cereals Segment 9M 2023/2024 9M 2024/2025 -3% (cpa.) Business performance as anticipated 251 243 ▪ Cereals sales declined due to weaker commodities and less business in RUS ▪ Rapeseed and wheat on previous year’s level, decrease of -12% barley and rye seed ▪ Rye and rapeseed remain the largest sales
Slide 8: Vegetables Segment
Vegetables Segment 9M 2023/2024 9M 2024/2025 Return to growth of Spinach seed business +12% (cpa.) ▪ Recovery of spinach sales, esp. in core markets ▪ Increasing sales momentum in Europe and Asia 46 41 ▪ EBIT driven by different factors: ▪ Improved operational profitability of existing business ▪ Pl
Slide 9: Income statement 9M 2024/2025 (cont'd)
Income statement 9M 2024/2025 (cont’d) in € million 9M 2024/25 9M 2023/24 Δ yoy EBIT 282.1 336.4 -16.1% Financial result -11.7 -24.7 Interest result -6.4 -17.5 Result equity accounted fin. assets -4.9 -1.7 Other financial result -0.4 -5.4 EBT 270.4 311.8 -13.3% Income taxes -67.6 -83.2 Net income (c
Slide 10: Cash flow development
Cash flow development* 9M 2023/2024 9M 2024/2025 55 Strong cash flow improvement -4 ▪ Operating cash flow: mainly driven by lower increase of net working -23 capital Sale ▪ Investing cash flow: previous year corn China € 41m positively impacted by € 41m due to -59 sale of China corn business -66 ▪ F
Slide 11: Net debt development
Net debt development Net Debt in € million Net debt significantly reduced ▪ Reduction due to divestment of corn & sorghum business in South America 685 621 ▪ Net debt down to 0.5x EBITDA 567 ▪ Further improvement of net debt 553 expected towards end of the fiscal year 179 03/31/2021 03/31/2022 03/31
Slide 12: Forecast for FY 2024/2025 adjusted
Forecast for FY 2024/2025 adjusted Updated Previous guidance guidance Sales growth* ~0% 2 – 4% midpoint of range EBIT margin 14 – 16% 14 – 16% (reported) R&D ratio ~20% 18 – 19% * On comparable basis, adjusted by FX and portfolio effects 12 KWS SAAT SE & Co. KGaA - 9M 2024/2025 05/13/2025
Slide 13: Q&A session
Analyst & Investor Call 9M 2024/25 Q&A session May 13, 2025
KWS SAAT SE & Co. KGaA — 9M 2024/25 Earnings Presentation on 6ix