K+s Ag · XETR:SDF
K+s — K+S Aktiengesellschaft — Investor Presentation (March 2026)
89 slides from K+s's investor presentation, March 2026
Slide 1: Company Presentation
Company Presentation Information for investors, analysts, and interested parties Publication March 2026
Slide 2: Table of contents
Table of contents 2| 8 Relevant megatren: 3| 8 Market situation 4 [8 Sustainable transformation as 5 part of our strategy 5 | 8 Customer Segment Agriculture 7 | 8 KAS Value creation, production and management of residues i? 8] 8 Financial data & IR
Slide 3: K+S Group
1 | 8 K+S Group
Slide 4: Board of Executive Directors – since June 1, 2025
Board of Executive Directors – since June 1, 2025 Dr. Christian H. Meyer Dr. Carin-Martina Tröltzsch (Chairman) Christina Daske Dr. Jens Christian Keuthen You can find the CVs of our Executive Board members on the K+S website. For current information on the responsibilities of the individual members
Slide 5: K+S Conspect: 50 locations on 6 continents
Das ist K+S K+S Conspect: 50 locations on 6 continents The history of the K+S Group goes back to the 19th century, when the world's first potash deposits were opened up in Germany. Today, the K+S Group is an internationally oriented raw materials company with production sites in Europe and North Ame
Slide 6: Why is K+S an attractive investment for investors?
Why is K+S an attractive investment for investors? K+S – an attractive investment ▪ Distinctive specialty-driven product portfolio tailored to the agricultural sector ▪ Strategic potash deposits in Germany and Canada ensure privileged access to key global application regions, complemented by a stron
Slide 7: Key investment highlights
Key investment highlights Our products are indispensable for people, animals, and plants Global megatrends call for efficient fertilization. With our fertilizers, we support farmers in combating world hunger. 1 K+S offers high-purity salts for over 5,000 different applications, including in pharmace
Slide 8: K+S at a glance
K+S at a glance Customer segments (no segments according to IFRS) Agriculture Industry+ With our wide range of potassium chloride (MOP) We produce, refine, and supply natural raw and fertilizer specialties, as well as materials for communities, consumers, and accompanying advice, we support farmers
Slide 9: Relevant megatrends
2 | 8 Relevant megatrends
Slide 10: Important megatrends and their implications
Important megatrends and their implications Implications for K+S 8.6 billion 0.2 ºC Average global warming ▪ Arable land shrinking Global population in 2030 Today: 8.0 billion per decade ▪ Yield needs to be improved ▪ Higher efficiency of fertilization and irrigation needed 40% ▪ Plants have to be m
Slide 11: Why use fertilizers?
Why use fertilizers? “The Natural Laws of Farming“, Justus von Liebig, 1863 “The growth and yield of a plant is limited by the nutrient available in the smallest amount.“ ▪ Plants need sunlight, water, and minerals to thrive. ▪ There are few soils on earth which have a sufficient content and availab
Slide 12: Long-term key drivers for our fertilizer business
Long-term key drivers for our fertilizer business Less arable land – but more protein consumption per capita 1960 2010 2050 Global Each year, an additional 80 million people needs to be fed – population development this equals the population of Germany. 3.0 billion 6.9 billion 9.7 billion Arable lan
Slide 13: Long-term demand drivers
Long-term demand drivers Demand drivers Arable land shrinking Industry & Water scarcity Pharma Increasing standard of living Agriculture Industry + Population growth Economic growth and industrialization Consumers Urbanization Winter weather conditions Infrastructure development Communities Global w
Slide 14: Farmer profitability of corn (USA)
Farmer profitability of corn (USA) Expenditure for potash products of an agricultural farm: approx. 4% of the total cost The earnings prospects should give the agricultural industry sufficient incentive to increase the yield per hectare by using plant nutrients. Profit potential in % of revenues 100
Slide 15: Market situation
3 | 8 Market situation
Slide 16: World potash production and sales volumes by region
World potash production and sales volumes by region in million tonnes Rounded values were used to simplify presentation. 28 ▪ Before the restrictions on Russian exports and the sanctions against Belarus, the potash market was 27 operating at full capacity. 37 6 ▪ By 2021, Russia and Belarus each 11
Slide 17: New potash capacities needed to meet rising demand
New potash capacities needed to meet rising demand Mio. t (incl. Potassium sulfate and low-grade potash) Growth of 2% p.a. 110 100 90 80 70 60 50 40 30 20 10 0 2031 2011 2010 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2032 2033 2034 2035 2036 2037
Slide 18: Global cropland nutrient balance
Global cropland nutrient balance Potassium the missing link Mio. t 90 • Global nitrogen balance in the soil has increased 75 continuously, while potassium balance has 60 declined since the 1990s 45 despite the growth in application. 30 • The growing imbalance threatens soil health, crop 15 resilienc
Slide 19: Growth drivers for global MOP demand
Growth drivers for global MOP demand Global demand hotspots (regions marked in green) Regional demand drivers Brazil: Larger corn and soybean acreage Southeast Asia & India: Growing palm oil production China: More ambitious yield targets and stricter production requirements Africa: High growth poten
Slide 20: Potash price development
Potash price development USD/t EUR/t , 1.200 , 1.200 , 1.100 Potassium , 1.100 Chloride , 1.000 (MOP) Brazil Potassium , 1.000 900 Sulfate 900 (SOP) 800 Europe 800 700 700 600 600 500 500 Potassium 400 Chloride (MOP) 400 Europe 300 300 200 200 07/20 01/21 07/21 01/22 07/22 01/23 07/23 01/24 07/24 01
Slide 21: Supplier structure on the global potash market 2024
Das ist K+S Supplier structure on the global potash market 2024 Top 5 Potash Fertilizer Producers: 10% China 2024 9% 20+ Producers 2023 9% World Potash Belaruskali 2024 14% 2023 14% Sales 69% Volumes Uralkali 2024 2023 13% 16% 2024 21% Others ICL, APC, EuroChem, Laos, Intrepid, Compass, SQM Nutrien
Slide 22: New potash capacities needed to meet rising demand!
New potash capacities needed to meet rising demand! in Mio. t eff. (product) 3.2 3.1 12.0 0.9 4.8 Demand growth until 2032 BHP Stage 1 Production Production by new projects in Production volumes from Additional capacity required to Belarus and Russia further realistic Greenfield meet increased deman
Slide 23: Between desire and reality
Between desire and reality Classification of potash projects announced since 2006 (Greenfield) Various greenfield projects planned in Thailand, Laos, Russia, Kazakhstan, Announced Uzbekistan, Belarus, Canada, USA, Brazil, and Argentina, among others. projects Companies involved include BHP Billiton,
Slide 24: Farmer profitability still at high level
Farmer profitability still at high level Price development of agricultural commodities since 01/2020 250 Maize Soybeans Palmoil 200 150 100 December 2019 = 100 50 01/20 01/21 01/22 01/23 01/24 01/25 01/26 Source: Worldbank 24
Slide 25: Potassium use by crop in selected countries
Potassium use by crop in selected countries 100% 2% 5% 15% 90% 4% 80% 1% 43% 70% 60% 52% 50% 12% 83% 5% 40% 11% 30% 12% 13% 20% 10% 17% 13% 5% 1% 2% 4% 0% Euro zone Brazil Indonesia Wheat Corn Oil seed Sugar Soybean Rice Oil palm Fruits and Vegetables Rest Source: IFA, “Fertilizer Use by Crop” based
Slide 26: Global potash sales volume by region
Global potash sales volume by region Est. million tonnes 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Western 5.6 5.8 6.2 6.0 5.9 6.2 6.2 6.0 6.2 6.5 4.9 4.8 5.7 6.0 Europe Central 5.1 4.7 4.4 4.8 4.8 5.2 5.4 5.5 5.6 6.0 4.4 4.9 6.1 6.1 Europe/FSU Africa 0.7 0.8 1.0 1.0 1.1
Slide 27: Supplier structure on European salt market
Supplier structure on European salt market K+S has a market share of 18% ▪ K+S has the highest market share in Europe and is the leader in salt production. Others 18% ▪ A versatile product portfolio with a high proportion of specialties enables customized solutions for a wide range of market 11% req
Slide 28: Sustainable transformation as part of our strategy
4 | 8 Sustainable transformation as part of our strategy
Slide 29: Guiding principles of strategy and management focus
Guiding principles of strategy and management focus Financial ambitions ▪ Earn cost of capital over a 5-year cycle ▪ At the same time, an average EBITDA margin of > 20% is aimed for over this cycle ▪ Generally striven for a leverage ratio (net debt/EBITDA): maximum 1.5x 29
Slide 30: K+S Sustainability Goals
K+S Sustainability Goals We have set ourselves ambitious goals in these three areas of action: Social Responsibility, Environment & Resources and Governance ▪ The human being is our focus ▪ Active commitment to environmentally friendly production ▪ Integrity & a sense of responsibility characterize
Slide 31: Our sustainable transformation pays off
Our sustainable transformation pays off K+S is the first producer to offer potash and salt ▪ Our capital expenditure will be increased in the course with the smallest Werra 2060 of the sustainable and economic transformation possible CO2 • Increase in energy (especially in the years 2026 and 2027).
Slide 32: Optimize the existing
Optimize the existing 70 % ▪ Increase of marketing in USA ex Bethune Agriculture ▪ Increase of trading business in Middle East, China and India ▪ Improved leveraging of local sales network ▪ Focus on potash product groups for industrial product sales Industry+ ▪ Capacity expansion of high-purity sal
Slide 33: Werra 2060 – Securing a sustainable future
Werra 2060 – Securing a sustainable future 70 % How do we want to achieve this? ▪ Unterbreizbach and Wintershall sites: Focus on wastewater-free processing methods Innovations in Methods already ▪ Unterbreizbach mine: Expansion of secondary mining operations (drill and blast) extraction and tested o
Slide 34: Bethune – Efficient Production in Canada
Bethune – Efficient Production in Canada 70 % Primary & Secondary Mining – Ramp-up of the production from a good 2 to 4 mln. tonnes p.a. In primary mining, fresh water is In secondary mining, only saturated pumped into the layer containing NaCl brine is injected instead of potash, creating so-called
Slide 35: Bethune – Above ground
Bethune – Above ground In the middle of Saskatchewan 35
Slide 36: Bethune – Below ground
Bethune – Below ground Pads and caverns 12 x In Bethune, a pad currently includes 12 underground caverns. Each one of them is about the size of a Bundesliga stadium. 36
Slide 37: More ambitious climate strategy adopted
More ambitious climate strategy adopted CO2 emissions in million tonnes p.a. (Scope 1 and 2) 4 CO2 K+S Group ▪ We have already reduced our CO2 emissions significantly (1990 – 2020): % Reduction vs. 2020 ▪ We have achieved this through the extensive use of highly efficient combined heat and power 2.6
Slide 38: Scope emissions according to categories
1 Scope 3 emissions according to categories ▪ K+S is very early in the value chain. The evaluation of the full scope 3 emissions, Others* therefore, is a difficult process. In the 2023 annual report, scope 3 emissions for upstream transportation and distribution had been reported. The last full eval
Slide 39: Decarbonization – Greenhouse Gas Neutrality
Decarbonization – Greenhouse Gas Neutrality * Targets Implementation Expectation By 2030: Focusing on the following key areas to reduce CO2 emissions: Conditions in the energy Reduction of absolute industry framework CO2 emissions by that provide incentives for at least CO2 decarbonization. 25% A Th
Slide 40: Our future – The climate-friendly potash production
Our future – The climate-friendly potash production In future, we want to produce potash with the smallest possible CO2 footprint – compared to today and compared to our foreign competitors. To do this, we are treading two paths in parallel: The change in production and processing processes – from w
Slide 41: CO2 reduced potash for sustainable agriculture
CO2 reduced potash for sustainable agriculture Development of footprint of potash (MOP) Requirements for the change of technology The reduction in In future, we will be able to produce potash in Germany with emissions results from the smallest possible CO2 footprint. Both ways of achieving the conve
Slide 42: Salt with the smallest possible CO2 footprint by 2030
Salt with the smallest possible CO2 footprint by 2030 Current system System conversion from 2030 Conversion of the salt works to low CO2 operation and the CO2 plants to "green" electricity procurement (CO2-neutral) Electricity Braunschweig-Lüneburg CO2 Natural gas ▪ Already very low in CO2 Natural a
Slide 43: Grow the core
Grow the core 20 % We enable farmers to achieve greater economic success Expansion of the portfolio ▪ Fertilization ▪ Fertigation ▪ Micronutrients ▪ Concepts for soil health ▪ Further additions to the portfolio Logistic access ▪ Circular economy ▪ Last Mile Distribution Digital sales ▪ Agronomic ser
Slide 44: New business areas
New business areas 10 % Subsequent use of existing assets and development of new business areas Renewable energy and decarbonization Circular economy ▪ Increasing use of renewable energies (wind, sun, biomass) at our ▪ Circular economy is driven by various political and social factors sites ▪ First
Slide 45: Performance Indicators
Performance Indicators Key Financial Performance Indicators Non-financial Performance Indicators The Company’s activities are managed based on the Performance indicators and target values in sustainability following key financial performance indicators, which are the management were defined for the
Slide 46: Performance Indicators
Performance Indicators Key Financial Performance Indicators 2020 2021 2022 2023 2024 2025 EBITDA € million 444.8 1,067.3 2,422.9 712.4 557.7 612.8 Group earnings after tax, adjusted € million -1,802.5 2,182.4 1,494.0 161.9 3.6 125.5 Capital expenditure € million 526.0 334.3 403.8 525.3 530.8 545.8 A
Slide 47: K+S Sustainability Goals 2030
K+S Sustainability Goals 2030 Target Dead- Target Target KPI 1 Unit 2025 Value line achievement ENVIRONMENT & RESOURCES Climate Change (E1): Absolute CO2 emissions in the K+S Group % -25 -11.7 2030 47% Reducing the carbon footprint and improving worldwide2 energy efficiency to enhance competitivenes
Slide 48: K+S Sustainability Goals 2030
K+S Sustainability Goals 2030 Target Dead- Target Target KPI 1 Unit 2024 Value line achievement SOCIAL RESPONSIBILITY Employees (S1): Injury with lost time 3, 4 Providing a healthy and safe work Vision LTI rate 0 5.5 52% environment to protect our employees who 2030 constitute our most valuable capi
Slide 49: K+S Sustainability: Ratings and Standards
K+S Sustainability: Ratings and Standards Current Trend over the Organization Rating scale Significance of rating rating last 12 months Rating scale from AAA to CCC AA Class of „Leader“ „medium” and only 2 steps away from prime status Rating scale from A+ to D- C (from B-) Rating scale from 0 to 40+
Slide 50: Our contribution to the 17 SDGs
Our contribution to the 17 SDGs K+S makes a direct contribution to a number of global sustainable development goals – and thus contributes to the fulfillment of the goals. More information and more details about our article can be found here. 50
Slide 51: Customer Segment Agriculture
3. Landwirtschaft 5 | 8 Customer Segment Agriculture
Slide 52: Agriculture customer segment at a glance
Agriculture customer segment at a glance Revenue split by region 2024 (%) Revenue split by products 2025 (%) Fertilizer others specialties 10 46 Asia 16 Potassium Europe chloride 48 54 thereof Germany 11 South America 17 North America Characteristics 9 in € million ▪ Close proximity to our most impo
Slide 53: Magnesium and sulfur make us unique
Magnesium and sulfur make us unique The Werra potash deposit is unique worldwide due to its natural origin. ▪ Crude salt contains not only potassium, but also magnesium sulfate ▪ Werra 2060 project: Focus on expanding and strengthening the specialties portfolio Competitors K+S MOP Potassium (Potassi
Slide 54: Our Products at a Glance
Our Products at a Glance Soil fertilizer Foliar and liquid fertilizer Other Other K2O MgO S* K2O MgO S* nutrients nutrients 60 - - - - 16 13 - 38 6 4.8 - 15 12.4 0,9 B . 1 Mn 38 6 4.8 0.25 B - 14 13.8 4 Mn . 1 Zn 48 4 4 - - 12.6 10 4B 5 Mn . 2 Zn . 9 4 3.2 26.7 Na - 12 14 1 Cu 50 - 17.6 - 60 - - - 3
Slide 55: Agriculture customer segment – ASP
Agriculture customer segment – ASP Average selling prices MOP and Fertilizer specialties €/t 800 600 400 Premium specialties on average 18% higher compared to MOP 200 0 Q1/15 Q1/16 Q1/17 Q1/18 Q1/19 Q1/20 Q1/21 Q1/22 Q1/23 Q1/24 Q1/25 MOP Fertilizer specialties Specialties ensure stability and profi
Slide 56: Customer Segment Industry+
6 | 8 Customer Segment Industry+
Slide 57: Industry+ customer segment at a glance
Industry+ customer segment at a glance Characteristics Revenue split by products 2025 (%) ▪ Industrial: Diverse applications in a wide range of industries – thereof from industrial processes and water treatment to animal feed Consumers 8 water softening 8 and food processing. Flexibility, a broad pr
Slide 58: Industry+ | Products and main areas of application
Das ist K+S Industry+ | Products and main areas of application Industry: 40% Food processing Animal nutrition Water treatment Industrial applications Production and processing of foods Products for animal nutrition, including Soft water for maintaining facilities and Raw materials and additives for
Slide 59: Industry+ | Value creator #1 | Chemicals
Rohstoffsicherheit Industry+ | Value creator #1 | Chemicals Customer group: Chlor-alkali and the cellulose industry 1.5 million tonnes annual volume in 2025 Products: ▪ Sodium and potassium chloride as essential raw materials for chlor-alkali electrolysis ▪ Magnesium sulphate as an additive in the c
Slide 60: Industry+ | Value creator #2 | Food processing
Rohstoffsicherheit Industry+ | Value creator #2 | Food processing Customer group: Food and beverage industry and carrageenan producers 600,000 tonnes annual volume in 2025 Products: ▪ Diverse product portfolio of rock, vacuum & sea salt, potassium chloride, sodium- reduced Balance Salt and magnesium
Slide 61: Industry+ | Value creator #3 | Industr. Applications
Rohstoffsicherheit Industry+ | Value creator #3 | Industr. Applications Diverse industries, e.g. electroplating, mineral oil, gas, textile, glass, building & plastics industries 400,000 tonnes annual volume in 2025 Products: ▪ Potassium, sodium and magnesium chloride as well as potassium and magnesi
Slide 62: Industry+ business – a stabilizing anchor
Industry+ business – a stabilizing anchor Industry+ revenues remain stable despite market fluctuations (excluding de-icing salt) Revenues in € Stable Industry+ business: , , 1.200.000 Industry+ shows consistently stable revenue development despite market fluctuations. , 900.000 Low volatility: Signi
Slide 63: K+S Value creation, production and management of residues
7 | 8 K+S Value creation, production and management of residues
Slide 64: Phases of our value chain
Phases of our value chain Our potash and salt deposits came into being millions of years ago. They are either our property or we Exploration have corresponding rights or approvals that allow the extraction or solution mining of the raw material reserves. We extract raw materials in conventional mini
Slide 65: Underground mining production cycle
Underground mining production cycle Conventional mining 1 2 Muck pile load 3 4 Clearing Blasting after and dump Roof scaling shift end 9 Charging 5 Roof bolting with explosives 8 7 6 Drilling Face cleaning Auger drilling 65
Slide 66: Main production methods for salt
Main production methods for salt Rock salt Sea/solar salt Evaporated salt Brine Conventional Crystallization Recrystallization Controlled mining of sea water of purified brine solution mining ▪ Around 60% of worldwide salt production (more than 290 million tonnes including brine) is obtained from ro
Slide 67: K+S potash production capacity in Germany
Das ist K+S K+S potash production capacity in Germany Share of annual potash production capacity (in %) ~ 26% 4 Zielitz ~ 55% Combined plant Werra 4 Wintershall 1 1 2 3 Unterbreizbach 2 5 Hattorf 3 Total potash production K+S DE 2025 ~ 19% ca. 5.5 million tonnes eff. 5 Neuhof-Ellers 67
Slide 68: K+S salt production capacity
Das ist K+S K+S salt production capacity Share of annual salt production capacity (in %) ~ 26% 9 Borth Rock salt and evaporated salt ~ 42% 10 7 ~ 10% 8 Bernburg 7 Braunschweig-Lüneburg 9 8 Rock salt and Rock salt evaporated salt Total salt production K+S DE 2025 ca. 5 Mio. t eff.* ~ 22% 10 Frisia Ev
Slide 69: K+S in Canada: Bethune
K+S in Canada: Bethune Strengthening our global presence ▪ Expanding our current production portfolio in Germany with a North American production site → Only supplier with production sites in Europe and North America ▪ Securing a good asset base with competitive China production costs India North Am
Slide 70: K+S logistics at a glance
Rohstoffsicherheit K+S logistics at a glance We deliver our products to the customer: CO₂-efficient, cost-effective, fast and flexible! Fast and flexible Cost-efficient Quality-conscious Low CO2 transportation Thanks to multimodal Through careful planning A high proportion of direct We rely on means
Slide 71: Cost curve at customer’s gate much flatter
Cost curve at customer’s gate much flatter Ramp-up of Bethune as well as measures to optimize the existing business USD/t Bethune's further ramp- up to 4 million tonnes will bring Bethune to the first quartile. fob cost curve 2024 cost curve at Brazil (25 USD up from 2020) customer‘s gate 2024 fob c
Slide 72: Potash processing above ground
Potash processing above ground Electrostatic Thermal dissolution Flotation Separation (ESTA®) Heating Floatation brine Finely ground 25 °C 110 °C crude salt Finely ground Mother brine Finely crude salt ground Conditioning Flotation Undis- crude salt agent solved residue + dissolved Air bubbles Tribo
Slide 73: Potash production: management of residues
Potash production: management of residues ▪ Crude salt has only a limited recyclable content (max. 30%), therefore the generation of residues is inevitable. All potash producers worldwide face this challenge. ▪ The recycling of partial volumes is performed at all producers. ▪ The methods, processes,
Slide 74: Green investments = long-term planning security
Green investments = long-term planning security Tailings piles extensions Hattorf ▪ Approval of Hattorf tailings pile expansion (phase 3) in mid-2025 and investments required Wintershall ▪ Next approval and significant investments in tailings pile extensions will not be necessary again until the end
Slide 75: Reduction of tailings pile water: coverage & greening
Reduction of tailings pile water: coverage & greening Our objectives Objective Reduction of tailings pile water by up to 90% ▪ From 2030 onwards, K+S will be able to use three million tonnes of residue annually for purposes other than tailings pile disposals. ▪ By 2030, we want to cover a further 15
Slide 76: Tailings pile and process water at the Werra site
Tailings pile and process water at the Werra site Development of saline wastewater Disposal of saline wastewater Utilization/Avoidance Reduction of saline wastewater based on various measures within (CapEx: almost €500 million) the last 25 years: Further ▪ Underground disposal in Unterbreizbach redu
Slide 77: Financial data & IR
8 | 8 Financial data & IR
Slide 78: Key financial figures
1 Key financial figures Revenues (€ billion) EBITDA 5.7 2,423 3.9 3.7 3.6 3.2 1,067 445 712 558 613 2021 2022 2023 2024 2025 2020 2021 2022 2023 2024 2025 EBITDA margin (%) FCF (€ million) +932 43 33 +93 +311 +62 +29 18 15 17 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 1 The figures relate to
Slide 79: Operating and adjusted cash flow
1 Operating and adjusted cash flow 1,394 932 822 640 583 573 445 429 347 311 307 309 140 93 62 29 -42 -206 -390 -777 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Operating Cash Flow Free Cash Flow (adjusted) 1 The figures relate to the continuing and discontinued operations of the K+S Group for
Slide 80: Cash flow and balance sheet
Cash flow and balance sheet 3M/23 H1/23 9M/23 FY/23 3M/24 H1/24 9M/24 FY/24 3M/25 H1/25 9M/25 FY/25 Operating cash flow 221 484 657 822 226 321 484 583 162 265 425 573 Investing cash flow (adjusted by sale/purchase of securities -107 -210 -329 -510 -115 -235 -373 -521 -130 -240 -364 -544 and other f
Slide 81: K+S Share
K+S Share Key data Shareholder structure as of Dec 31, 2025 ▪ WKN: KSAG88 Private Investors ▪ ISIN: DE000KSAG888 34% ▪ Type of shares: registered shares of no-par value Free float ▪ Total number of shares: 179,100,000 100% ▪ Trading segment: Prime Standard Institutional ▪ Ticker symbols: Bloomberg S
Slide 82: Share performance
Share performance Performance of the K+S Share Market Capitalization Index: Dec. 31, 2020 = 100 500% K+S 4.1 4.5 MDAX 4.3 400% 4.0 3.5 300% 3.0 2.9 2.6 2.1 2,2 200% 1.9 1.5 100% 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0% Dec-20 Dec-21 Dec-22 Dec-23 Dec-24 Dec-25 As of Dec. 31, 20
Slide 83: Performance of the K+S share in comparison
Performance of the K+S share in comparison Index: December 31, 2021 = 100 250% MDAX K+S 200% Nutrien Mosaic 150% ICL 100% 50% 0% 12/2021 12/2022 12/2023 12/2024 12/2025 Source: Bloomberg; February 28, 2026 83
Slide 84: Distribution policy
Distribution policy K+S sets guiding principles for attractive shareholder participation Shareholder participation in K+S aims to return 30% to 50% The following factors are applied K+S wants to maintain a K+S's corporate success will of the adjusted free cash flow in determining the exact strong ba
Slide 85: K+S ADR Program
K+S ADR Program The K+S ADR Program offers North American investors the opportunity to take stock in K+S. Since the ADRs are quoted in US dollars and dividends are also distributed in US dollars, this financial instrument closely resembles an American share. Two ADRs represent one K+S ordinary share
Slide 86: K+S debt instruments and issuer rating
K+S debt instruments and issuer rating Issuer rating (S&P): BBB- (outlook: stable) since June 2023 Bond 06/2029 (3-months-par-call) WKN A383E2 ISIN XS2844398482 Listing Luxembourg SE Issue volume €500 million Outstanding volume €500 million Issue price 99.147% Coupon 4.250% Maturity June 19, 2029 De
Slide 87: Financial calendar
Financial calendar Quiet period prior to the report April 13 to May 11, 2026 (7 a.m. CET) Quarterly Report: March 31, 2026 May 11, 2026 2026 Annual General Meeting May 12, 2026 Quiet Period prior to the report July 15 to August 12, 2026 (7 a.m. CET) Half-Year Financial Report: June 30, 2026 August 1
Slide 88: 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, ESG Expert Phone: + 49 561 / 9301-1679 Fax: + 49 561 / 9
Slide 89: 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 of 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
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