Agrana Beteiligungs-ag · VIE:AGR
Agrana Beteiligungs-ag — Q1 2025|26 Earnings Presentation
33 slides from Agrana Beteiligungs-ag's earnings presentation, Jul 10, 2025
Slide 1: AGRANA Q1 Conference Call presentation
AGRANA Q1 Conference Call presentation Results for the first quarter of 2025|26 Vienna, 10 July 2025 AGRANA Interim Statement Q1 2025|26: www.agrana.com/en/ir/publications
Slide 2: Agenda
Q1 2025|26 Agenda 1 2 3 Overview Segments Financial outlook & & 2025|26 Highlights Financials AGRANA Interim Statement Q1 2025|26: www.agrana.com/en/ir/publications A G R A N A | R e s u l t s fo r t h e f i r s t q u a r t e r o f 2 0 2 5 | 2 6 | 1 0 J u l y 2 0 2 5 2
Slide 3: 01 Overview & Highlights
01 Overview & Highlights A oe a): q >
Slide 4: Eventful and challenging quarter
Q1 2025|26 – HIGHLIGHTS Eventful and challenging quarter ▪ As we had forecast, we started the new 2025|26 financial year with a very significant decline in EBIT 1 in the first quarter ▪ Expected weak operating performance in the sugar business; in addition one-time staff costs for the restructuring
Slide 5: Key figures (1)
Q1 2025|26 – OVERVIEW Key figures (1) Revenue Operating profit 1 Exceptional items EBIT 2 € 880.2 € 25.7 € –18.3 € 5.7 million million million million Q1 previous year: Q1 previous year: Q1 previous year: Q1 previous year: € 944.3 million € 30.0 million € 0.2 million € 32.3 million 1 B e f o r e e x
Slide 6: Restructuring Sugar segment
Q1 2025|26 – EXCEPTIONAL ITEMS Restructuring Sugar segment Closures Leopoldsdorf|AT and Hrušovany|CZ Sites ▪ Background: Significant challenges throughout Europe (Ukraine imports, decline sugar consumption, high 5 Sugar beet production plants energy prices, crop protection restrictions, Mercosur...)
Slide 7: Key figures (2)
Q1 2025|26 – OVERVIEW Key figures (2) Free Cashflow Net debt Gearing ratio Equity ratio Ratio of net debt € 10.9 € 426.5 35.7 46.9 million million % % Q1 previous year: 28 Feb 2025: 28 Feb 2025: 28 Feb 2025 : € 10.2 million € 436.4 million 35.5% 45.4% A G R A N A | R e s u l t s fo r t h e f i r s t
Slide 8: 100% acquisition of AUSTRIA JUICE GmbH (AJ)
Q1 2025|26 - HIGHLIGHTS 100% acquisition of AUSTRIA JUICE GmbH (AJ) Closer collaboration between AGRANA Fruit and AJ • Acquired the remaining 49.99% shares in AJ from Raiffeisen Ware Austria AG (RWA) • AJ: global leader in the production of apple and berry juice concentrates . In addition, the compa
Slide 9: Our strategic priorities in FY 2025|26
AGRANA NEXT LEVEL Our strategic priorities in FY 2025|26 Sales Excellence / Customer Focus GROUP-WIDE Operational Excellence People & Culture Food & Beverage Agricultural Commodities Strategic Solutions (FBS) & Specialities (ACS) Holding Footprint Target Costing Sugar Securing financial flexibility
Slide 10: NEW Segment Reporting (1)
Q1 2025|26 – FINANCIAL REPORTING NEW Segment Reporting (1) OLD: NEW: ▪ Starting with this reporting period, the segment reporting is based on Food & Beverage a new structure more closely Fruit segment Solutions (FBS) aligned with the strategic core segment activities and value chains of AGRANA NEXT
Slide 11: NEW Segment Reporting (2)
Q1 2025|26 – FINANCIAL REPORTING NEW Segment Reporting (2) AGRANA Agricultural Food & Business areas Commodities & Berverage Specialities Solutions (FBS) (ACS) Segments ACS – STARCH ACS – SUGAR FBS HCO A G R A N A | R e s u l t s fo r t h e f i r s t q u a r t e r o f 2 0 2 5 | 2 6 | 1 0 J u l y 2 0
Slide 12: 02 Segments & Financials
AGRANA Key Figures: www.agrana.com/en/ir/key-figures- agrana-group/key-figures 02 Segments & Financials
Slide 13: Revenue by segment
Q1 2025|26 vs Q1 PREVIOUS YEAR Revenue by segment Food & Beverage Solutions (FBS): ▪ Revenue expansion occurred both in the solutions business for dairy, bakery, food service Group and ice cream industries as well as in the solutions business for the beverage industry; €m 944.3 increase was driven b
Slide 14: EU vs sugar world market prices
SUGAR PRICE REPORTING EU vs sugar world market prices € Source: Sugar Market situation, European Commission; published on 26 June 2025 A G R A N A | R e s u l t s fo r t h e f i r s t q u a r t e r o f 2 0 2 5 | 2 6 | 1 0 J u l y 2 0 2 5 14
Slide 15: EBIT by segment
Q1 2025|26 vs Q1 PREVIOUS YEAR EBIT by segment Food & Beverage Solutions (FBS): ▪ In the solutions business for dairy, bakery, food service EBIT margin EBIT margin and ice cream industries, EBIT was significantly above the €m year-ago level; the improvement was attributable mainly Q1 2024|25 Q1 2025
Slide 16: Consolidated income statement
Consolidated income statement €m (condensed) Q1 2025|26 Q1 2024|25 Change Revenue 880.2 944.3 –6.8% EBITDA 1 52.4 55.8 –6.1% Operating profit before except. items and results of equity-accounted JV 25.7 30.0 –14.3% Share of results of equity-accounted JV (1.6) 2.1 –176.2% Exceptional items (18.3)
Slide 17: Net financial items | Tax Rate
Net financial items | Tax Rate €m Q1 2025|26 Q1 2024|25 Change Net interest expense (6.4) (7.6) +15.8% Currency translation differences (4.2) (1.2) –250.0% Other financial items (0.5) (0.4) –25.0% Total (11.1) (9.2) –20.7% €m Q1 2025|26 Q1 2024|25 Change (Loss)/profit before tax (5.4) 23.1 –123.4% I
Slide 18: Consolidated cashflow statement
Consolidated cashflow statement Q1 Q1 €m (condensed) 2025|26 2024|25 Change Operating cash flow before changes in working capital 51.3 63.7 –19.5% Changes in working capital (18.5) (33.2) +44.3% Total in interest paid/received and tax paid (8.6) (4.1) –109.8% Net cash from operating activities 24.2
Slide 19: Consolidated balance sheet
Consolidated balance sheet €m (condensed) 31 May 2025 28 Feb 2025 Change Non-current assets 1,012.6 1,038.1 –2.5% Current assets 1,535.0 1,672.8 –8.2% Total assets 2,547.6 2,710.9 –6.0% Total equity 1,193.6 1,229.7 –2.9% Non-current liabilities 471.7 476.6 –1.0% Current liabilities 882.3 1,004.6 –12
Slide 20: 03 Financial Outlook
03 Financial Outlook A oe a): q >
Slide 21: 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 Foreca st uncerta i n t y a nd a ssumption s As the wider conte xt for this outlook for the 2025| 2 6 fi
Slide 22: Outlook for 2025|26 – segments
AGRANA SEGMENTS Outlook for 2025|26 FOOD & BEVERAGE SOLUTIONS ACS – STARCH Revenue Slight increase* Revenue ➔ Steady* EBIT ➔ Steady* EBIT ➔ Steady* ACS – SUGAR Revenue Significant reduction* EBIT Moderate improvement* * These qua ntita ti ve te rms a s use d in this Outlook section a re defin
Slide 23: Outlook for the second quarter of 2025|26
AGRANA GROUP Outlook for the second quarter of 2025|26 Q2 2024|25 (3 months) EBIT: € 24.3 million Q2 2025|26 For the second quarter of 2025|26, a very significant decline in EBIT is EBIT expected compared to the year-earlier quarter. A G R A N A | R e s u l t s fo r t h e f i r s t q u a r t e r o f
Slide 24: Investment plan for 2025|26
AGRANA GROUP Investment plan for 2025|26 Investment split 2025|26 (€ ~115 million) ▪ Total investment across the three business segments and the Holding Co. & 18% Other area in this financial year, at approximately € 115 million, is 11% expected to be slightly higher than the 53% 2024|25 value and i
Slide 25: Financial calendar
FY 2025|26 Financial calendar 14 July 2025 Dividend payment date 9 October 2025 Results for first half of 2025|26 13 January 2026 Results for first three quarters of 2025|26 EBIT 2022|23 Revenue 2022|23 AGRANA Financial calendar: www.agrana.com/en/ir/ir-calendar A G R A N A | R e s u l t s fo r t h
Slide 26: Appendix
Q1 2025|26 — Appendix A oe a): q >
Slide 27: NEW Segment Reporting – reconciliation Q1
Q1 2025|26 – FINANCIAL REPORTING NEW Segment Reporting – reconciliation Q1 Sugar segment OLD >>> ACS – Sugar segment NEW The new reporting area “Holding €m Q1 2024|25 Q1 2024|25 Diff. = HCO Co. & Other” (HCO) comprises: OLD NEW ▪ AGRANA Beteiligungs-AG (the Group holding company) Revenue 263.2 255.1
Slide 28: NEW Segment Reporting – reconciliation Full year
Q1 2025|26 – FINANCIAL REPORTING NEW Segment Reporting – reconciliation Full year Sugar segment OLD >>> ACS – Sugar segment NEW €m 2024|25 2024|25 Diff. = HCO OLD NEW Revenue 869.6 839.2 30.4 EBITDA (33.2) (25.4) (7.8) Operating (loss)1 (61.1) (48.9) (12.2) EBIT2 (91.1) (75.4) (15.7) 1 Before except
Slide 29: Ethanol and petrol prices
Ethanol and petrol prices FY 2024|25 1 January 2008 – 8 July 2025 Ethanol (Platts T2 spec.) | Fuel (PU-10PP-ARA) (EUR per m 3 ) Q1 2025|26 Close 8 July 2025 Ethanol avg. price: ~638 EUR/m3 –7% vs Q1 prev. year 579.0 EUR/m3 A G R A N A | R e s u l t s fo r t h e f i r s t q u a r t e r o f 2 0 2 5 |
Slide 30: Commodity prices
WHEAT & CORN (EURONEXT, PARIS) Commodity prices FY 2024|25 1 January 2006 – 8 July 2025 Wheat | Corn (EUR per tonne) Closing / 30 May 2025 Wheat 200.8 EUR/t Corn 192.0 EUR/t Whea t (Pa ris) 8 J uly 2025: 195.8 E UR /t Corn (Pa ris) 8 J uly 2025: 199.8 E UR /t A G R A N A | R e s u l t s fo r t h e f
Slide 31: Sugar quotations
WORLD MARKET: WHITE SUGAR & RAW SUGAR Sugar quotations 1 January 2006 – 8 July 2025 FY 2024|25 White sugar | Raw sugar (USD per tonne) W h i t e su ga r ( L o n do n # 5 ) 8 J uly 2025: 475.8 USD/t = 406.1 E UR /t R a w su ga r (ICE/NY #11) 8 J uly 2025: 355.6 USD/t = 303.5 E UR /t A G R A N A | R e
Slide 32: Contacts
Contacts Investor Relations Mr. Hannes Haider Phone: +43-1-211 37-12905 E-mail: investor.relations@agrana.com AGRANA Beteiligungs-AG Friedrich-Wilhelm-Raiffeisen-Platz 1 1020 Vienna, Austria www.agrana.com AGRANA Investor Relations: www.agrana.com/en/ir A G R A N A | R e s u l t s fo r t h e f i r s
Slide 33: 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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