Kws Saat Se & Co Kgaa · XETR:KWS
Kws Saat Se & Co Kgaa — Investor Day (November 2025)
97 slides from Kws Saat Se & Co Kgaa's investor day presentation, Nov 18, 2025
Slide 1: Capital Markets Day 2025
Capital Markets Day 2025 Specialized in seeds. Powered by innovation. Delivering profitable growth. 18th November 2025
Slide 2: Cautionary statements
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: Welcome & Introduction
Welcome & Introduction Dr. Felix Büchting CEO Capital Markets Day 2025
Slide 4: Innovating seeds since 1856
Innovating seeds since 1856 Today Leading specialist 2019 in plant breeding 1955 Vegetables 1920 Corn 1856 Cereals Sugarbeet 5 Capital Markets Day 2025
Slide 5: Agriculture is facing significant challenges globally
Agriculture is facing significant challenges globally +60% Higher food & feed demand by 2050 -20% Loss in arable land by 2050 -33% Lower acreage per capita by 2050 -17% Harvest losses from climate change Sources: stats.oecd.org (Statistic database of the OECD), FAO, FAOSTAT 6 Capital Markets Day 202
Slide 6: Our solution
Our solution Face climate change with Resilient varieties Optimize farming with Increase yields Digital solutions to feed a growing world Innovation in population plant breeding It’s all in the is key to solving Seed challenges Unleash the potential of Support the Crop rotations Reduction of inputs
Slide 7: Our value capture model for profitable growth
Our value capture model for profitable growth Examples Step-up KWS food ingredients food chain Vegetable / High-value crops potato seeds Digital services Tools & solutions Emission management Customer-centric consulting CONVISO® SMART Traits CR+ PollenPLUS® Yield increase Cutting-edge breeding Stres
Slide 8: Following a clear strategic framework for profitable, sustainable growth
Following a clear strategic framework for profitable, sustainable growth 3–5% Organic sales growth 19 – 21 % EBITDA margin 25 – 30 % Dividend payout ratio Sustainability Ambition 2030 Lead Build Advance in field crops & businesses for long-term growth trait development & leverage portfolio & value c
Slide 9: We lead in field crops & leverage our broad portfolio
We lead in field crops & leverage our broad portfolio Sugarbeet Corn Cereals Growth driver Lead Global market leader with outstanding profitability due Re-shaped towards growth and profitability, building on European market leader with significant growth potential to break-through innovations leadin
Slide 10: Build businesses for long-term growth and value capture
Build businesses for long-term growth and value capture Vegetables Potato seed KWS food ingredients Fastest growing segment in Reshaping the potato value Leveraging KWS plant seed market as demand for chain – seeds instead of breeding expertise to provide Growth driver healthy nutrition rises. tuber
Slide 11: Following a clear strategic framework for profitable, sustainable growth
Following a clear strategic framework for profitable, sustainable growth Growth driver Lead Build Advance trait development & breeding 12 Capital Markets Day 2025
Slide 12: Strong track-record of innovation including first-in-class inventions
Strong track-record of innovation including first-in-class inventions 2015 2021 First hybrid CR+ trait 1983 2004 2023 1998 2018 Rizomania PollenPLUS® Dwarf virus First hybrid ClimaCONTROL3 tolerance rye tolerance 1980 1990 2000 2010 2020 1986 2000 2007 2018 Yellow Nematode Roundup CONVISO® mosaic vi
Slide 13: Cereals & Corn
Capital Markets Day 2025 Cereals & Corn Sebastian Talg Member of Executive Board
Slide 14: Cereals
Cereals
Slide 15: Building a market leader in European cereals
Building a market leader in European cereals: Our journey started over a century ago Market launch Launch of first Launch of first KWS starts hybrid rye in hybrid rye varieties hybrid barley cereals breeding Germany in US + CA variety in the UK 1920s 1955 1987 2008 2014 2015 2024 Start with BLA hybr
Slide 16: Strong growth of leading crop portfolio
Strong growth of leading crop portfolio Sales in € M 300 276 250 263 247 200 211 169 188 190 Target 150 151 2028 – 2030 119 100 112 50 0 15/16 16/17 17/18 18/19 19/20 20/21 21/22 22/23 23/24 24/25 17 Capital Markets Day 2025
Slide 17: Our leading crops
Our leading crops Hybrid rye Oilseed rape Wheat Winter barley #1 Globally #2 Europe #1 EU-27+1 #1 EU-27+1 19 Capital Markets Day 2025
Slide 18: InsectPROTECT: Addressing a key threat in rapeseed farming
InsectPROTECT: Addressing a key threat in rapeseed farming Cabbage stem flea beetles KWS InsectPROTECT ▪ Genetics are less susceptible to CSFB larvae ▪ At least 30% less insect infestation than other oilseed rape varieties. ▪ Cabbage stem flea beetles (CSFB) are among the most important pests in Eur
Slide 19: Hybrid wheat: Long-term opportunity for value capture
Hybrid wheat: Long-term opportunity for value capture Seed Value* Significant market Europe and North America in USD/ha opportunity ▪ #1 crop globally in 700 terms of acreage ▪ Currently low seed value capture 600 Corn Hybrid benefits 500 213 ▪ Higher operating income for farmers Wheat Production [M
Slide 20: Leading in Europe
Leading in Europe Growth potential due to unique crop portfolio Leading positions in hybrid rye, oilseed rape, wheat, barley Broad portfolio enabling crop rotation and providing solutions for sustainable agriculture Significant growth potential through pipeline innovation and portfolio diversificati
Slide 21: Corn & Sunflower
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Slide 22: Strategic realignment of corn segment completed
Strategic realignment of corn segment completed Corn segment before Corn segment today FY 2022/2023 FY 2025/2026 North & South America GMO markets Europe Europe Divestiture steps ~ €450 M €1.05 Bn 2023: China JV Net sales Net sales 2024: South America (GMO) 2025: North America JV (GMO) Other Other 8
Slide 23: Corn Europe: Focussing on the next growth phase
Corn Europe: Focussing on the next growth phase Sales in € M 500 450 448 452 444 400 397 373 366 350 362 341 339 359 Target 2028 – 2030 300 250 200 15/16 16/17 17/18 18/19 19/20 20/21 21/22 22/23 23/24 24/25 29 Capital Markets Day 2025
Slide 24: The cornerstone of European agriculture and seed market
The cornerstone of European agriculture and seed market Production Bubble size: Seed value in € M in Mt 500 400 3,000 300 1,000 Grain and Silage Corn Silage 500 200 500 Grain Wheat 100 2,000 Sugarbeet 400 400 150 Barley 1,000 0 Rapeseed Soy beans Sunflower 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
Slide 25: Our ambition in silage corn
Our ambition in silage corn Strengthening our leading market position Top tier performance and innovation 32 Capital Markets Day 2025
Slide 26: Next generation hybrids for further growth in silage corn
Next generation hybrids for further growth in silage corn Hybrids with exceptional starch and energy yields Energy yield Energy boost corn Market Ø Starch Yield Market Ø Energy concentration Energy boost 33 Capital Markets Day 2025
Slide 27: Next generation hybrids for further growth in silage corn
Next generation hybrids for further growth in silage corn Next generation hybrids with superior nutritional profile for increased energy concentration Energy yield Leading in yield, starch and digestibility for even higher energy concentration & yield Digestibility Energy boost corn Digestibility Ma
Slide 28: Our ambition in grain corn
Our ambition in grain corn Further taking market share with leading product performance Continue to outpace competitors in breeding gains Reduce time to market by introducing accelerated breeding scheme 35 Capital Markets Day 2025
Slide 29: Robust product pipeline for further growth in grain corn
Robust product pipeline for further growth in grain corn Plus4GRAIN ClimaCONTROL³ DryDown+ ▪ Early grain corn ▪ High performance hybrids ▪ Drought-tolerant hybrids ▪ Superior dry-down capacity ▪ Superior yields ▪ Stable yields ▪ Lowering drying costs ▪ Intense production environments ▪ Stressed prod
Slide 30: Growth opportunity: Sunflower
Growth opportunity: Sunflower Establishing market presence in a new, attractive European crop Reaching a significant market share by 2035 Improving future variety performance due to game-changing technology 37 Capital Markets Day 2025
Slide 31: Sunflower: A rising star in the global oilseed landscape
Sunflower: A rising star in the global oilseed landscape Global vegetable oil market expected to grow >10% until 2030 Climate change Winner of climate 10% change thanks to its Sunflower deep root system and 34% drought tolerance Palm 11% Others ~220 M Consumer tonnes 16% behavior Rapeseed Healthy nu
Slide 32: Corn & sunflower segment: Reshaped for growth and profitability
Corn & sunflower segment: Reshaped for growth and profitability Leadership positions in corn as the biggest European crop Strong proprietary corn portfolio driving future growth and addressing needs in European corn farming Entering the sunflower market provides an attractive opportunity for profita
Slide 33: Sugarbeet & Vegetables
Capital Markets Day 2025 Sugarbeet & Vegetables Nicolás Wielandt Member of Executive Board
Slide 34: Sugarbeet
Sugarbeet
Slide 35: Strong growth driven by innovation
Strong growth driven by innovation Sales in € M 900 865 872 800 700 716 600 589 500 524 Target 492 455 455 461 440 400 2028 – 2030 300 200 100 0 15/16 16/17 17/18 18/19 19/20 20/21 21/22 22/23 23/24 24/25 43 Capital Markets Day 2025
Slide 36: Global sugarbeet acreage
Global sugarbeet acreage FY 2024/2025 Kha EE 1,450 Global 4,654 Source: KWS estimates 44 Capital Markets Day 2025
Slide 37: Capturing value through seed innovation
Capturing value through seed innovation Acreage in Kha 8,000 8.000 7,401 872 Sales 7,000 7.000 in € M 6.000 6,000 5,503 5.000 5,000 4,728 4,646 4,539 4.000 4,000 Op. 492 367 3.000 3,000 profit 281 in € M 2.000 2,000 194 170 131 1.000 1,000 91 60 32 0 17/18 95/96 97/98 99/00 01/02 03/04 05/06 07/08 0
Slide 38: Our innovation journey
Our innovation journey Genetic Rhizomania Cyst nematode GM herbicide Non-GM herbicide Cercospora monogermity resistance resistance resistance resistance resistance 1970 1995 2004 2007 2018 2021 47 Capital Markets Day 2025
Slide 39: CONVISO SMART: A breakthrough innovation for weed control
CONVISO® SMART: A breakthrough innovation for weed control in sugarbeet farming Classic weed control CONVISO® SMART Modern sugarbeet varieties with Dedicated herbicide CONVISO® CONVISO® SMART system ONE based on ALS inhibitors Significant agronomic benefits of CONVISO® SMART 50% 1–2 less pesticide
Slide 40: CR+: Addressing a significant threat in sugarbeet planting
CR+: Addressing a significant threat in sugarbeet planting Cercospora beticola CR+ varieties offer resistance & sugar yield is a fungal pathogen that causes Cercospora Leaf Spot (CLS), the high most destructive foliar disease of sugarbeet worldwide. CR+ Impact on yield: Sugar Yield ▪ Root tonnage Cl
Slide 41: TRUVERA: New weed control solution for U.S. market
TRUVERATM: New weed control solution for U.S. market Weed control TRUVERATM ▪ Roundup Ready® weed ▪ Broader efficacy than current trait control in sugarbeet with more active substances has demonstrated high ▪ Essential to support sugarbeet efficacy since launch growing in many areas of the U.S. 2007
Slide 42: Driving growth and fostering global leadership position through continuous innovation
Driving growth and fostering global leadership position through continuous innovation Two major innovations planned to be launched by 2027/28 Targeting €1 Bn sales by 2028 – 2030 Maintaining attractive profitability profile through innovation premiums 57 Capital Markets Day 2025
Slide 43: Build businesses for long-term growth and value capture
Build businesses for long-term growth and value capture Build KWS food Businesses for long-term Vegetables Potato seeds growth & value capture ingredients 58 Capital Markets Day 2025
Slide 44: Vegetables
Vegetables
Slide 45: Vegetables consumption and population growth
Vegetables consumption 150 in kg per capita p.a. 130 110 90 70 50 1980 1990 2000 2010 2020 Population growth 12 10 in Bn people 8 6 4 2 0 2000 2050 60 Capital Markets Day 2025
Slide 46: Global commercial seed market
Global commercial seed market Sunflower Sugarbeet Rapeseed 1 Bn 2 Bn 1 Bn Rice 2 Bn Cereals 3 Bn Cotton Corn 2 Bn USD 21 Bn 48 Bn Vegetables 7 Bn Soybean 9 Bn 61 Capital Markets Day 2025
Slide 47: Returning to growth after COVID impact
Returning to growth after COVID impact Sales in € M 90 80 84 70 72 COVID impact 66 60 62 58 50 54 40 Target 30 2028 – 2030 20 10 0 19/20 20/21 21/22 22/23 23/24 24/25 62 Capital Markets Day 2025
Slide 48: Our strategic objective: Become a leader in vegetables
Our strategic objective: Become a leader in vegetables te rm ambi ng - t io n Lo ~2040 2028 – 2030 Commercialize €300 M €100 M all strategic crops by 2028 >20% EBITDA margin 63 Capital Markets Day 2025
Slide 49: Vegetable seeds – targeting a significant and growing market
Vegetable seeds – targeting a significant and growing market Market size in € M 1400 1,400 1200 1,200 1000 1,000 800 600 400 200 0 64 Capital Markets Day 2025
Slide 50: Building the infrastructure in the vegetable seeds arena
Building the infrastructure in the vegetable seeds arena Netherlands Andijk/Wageningen Turkey Mexico Antalya Culiacan Spain Murcia/Almería Italy Parma/Corridonia Brazil Petrolina/Uberlândia 65 Capital Markets Day 2025
Slide 51: All new crops to be launched by 2028
All new crops to be launched by 2028 Markets in scope for product introductions Primary countries Secondary countries 2025/26 2026/27 2027/28 69 Capital Markets Day 2025
Slide 52: Build businesses for long-term growth and value capture
Build businesses for long-term growth and value capture Build KWS food businesses for long-term Vegetables Potato seeds growth & value capture ingredients 70 Capital Markets Day 2025
Slide 53: Potato seeds: Significant long-term opportunity
Potato seeds: Significant long-term opportunity, reshaping the potato market Significant value capture potential Focus on growing high value potato products, + French fries and crisps; core markets size: ~ €2 Bn Lower logistic and seeding costs, easy to ship and + store (100 g seeds vs. 3,000 kg tub
Slide 54: KWS food ingredients addressing the megatrend of plant-based foods
KWS food ingredients addressing the megatrend of plant-based foods Accessing a significant market New value proposition + Traits for improved food ingredients New customer / partner + Food and food ingredients industry New (partner-) ecosystem Joint + development connecting „start“ and „end“ First c
Slide 55: Looking beyond: Value capture opportunities on the horizon
Looking beyond: Value capture opportunities on the horizon Building a future leader in vegetables introducing a wave of new varieties until 2028 and beyond Driving step-innovation of potato seeds with the potential to disrupt potato planting in the future Accessing the plant-based food market by lev
Slide 56: Lunch break & R&D tour
Capital Markets Day 2025 Lunch break & R&D tour We will be back at 2.15 pm.
Slide 57: Research & Development
Capital Markets Day 2025 Research & Development Dr. Thomas Ehrhardt Head of Global Research
Slide 58: Following a clear strategic framework for profitable, sustainable growth
Following a clear strategic framework for profitable, sustainable growth Growth driver Lead Build Advance trait development & breeding 76 Capital Markets Day 2025
Slide 59: Strong track-record of innovation including first-in-class inventions
Strong track-record of innovation including first-in-class inventions 2015 2021 First hybrid CR+ trait 2023 1983 2004 Barley 1998 2018 Rizomania PollenPLUS® yellow dwarf First hybrid ClimaCONTROL3 tolerance rye virus, wheat dwarf virus tolerance 1980 1990 2000 2010 2020 1986 2000 2007 2018 Yellow Ne
Slide 60: Our diverse product development portfolio
Our diverse product development portfolio Sugarbeet Corn Wheat Barley Catch Crops Spinach Red Beet Swiss Chard Feedbeet Sunflower Rye Sorghum Beans Tomato Pepper Potato Oilseed rape Peas Water melon Melon Cucumber Sugarbeet Corn Cereals Vegetables 78 Capital Markets Day 2025
Slide 61: Strong investment in R&D assures continued innovation
Strong investment in R&D assures continued innovation Number of variety approvals over the past 20 fiscal years €349 M 22% Total R&D spend Low-input varieties 584 700 in KWS portfolio 600 500 38% 65% 400 of KWS employees of sales generated in R&D by new varieties 300 200 Record numbers of new variet
Slide 62: KWS Traits & Technology
Traits Genomic selection Genome Editing KWS Digitalization Traits & Technology Hybridization 81 Capital Markets Day 2025
Slide 63: KWS Traits & Technology: Traits
Traits KWS Traits & Technology 82 Capital Markets Day 2025
Slide 64: The history of plant breeding – 12,000 years of innovation
The history of plant breeding – 12,000 Genome Editing years of innovation Genomic selection Genome research Smart breeding Gene delivery Tissue culture Mutation breeding Hybrid breeding Cross-breeding Sugarbeet Triticale Mendel‘s laws 1750 1866 1900 1920 1930 1960 Mid 1990s End 1990s 2010 2012 Today
Slide 65: R&D key innovation drivers
R&D key innovation drivers Contribution of innovation Marker & Genome genomic Editing Technological limit selection rity Matu QUALITY COST R&D Data i tiate Crop science In hybridization & AI R&D effort 86 Capital Markets Day 2025
Slide 66: KWS Traits & Technology: Genomic selection
Genomic selection KWS Traits & Technology 87 Capital Markets Day 2025
Slide 67: Genomic selection – accelerating breeding with data & AI
Genomic selection – accelerating breeding with data & AI Selecting best plants using Genomic selection genetic data, reducing field tests & trials Efficiency increase Faster to market Increases breeding progress 88 Capital Markets Day 2025
Slide 68: Economy of scale drives technology adaptation
Economy of scale drives technology adaptation # Samples 800,000 € Cost / sample 700,000 Genomic selection 600,000 500,000 400,000 300,000 200,000 100,000 - 18/19 19/20 20/21 21/22 22/23 23/24 24/25 Chip cost and sample evolution 89 Capital Markets Day 2025
Slide 69: KWS Traits & Technology: Genome Editing
Traits Genome Editing KWS Traits & Technology 90 Capital Markets Day 2025
Slide 70: Genome Editing – Adding pace and precision
Genome Editing – Adding pace and precision Precise targeted changes Genome Editing Non-resistant search cut repair resistant Accelerated product development 7 generations minimum 2 generations 20 – 30% faster 91 Capital Markets Day 2025
Slide 71: Genome Editing can significantly accelerate the breeding process
Genome Editing can significantly accelerate the breeding process Without Pre-breeding Crossbreeding Official Seed Genome and trait and material Property testing variety testing propagation and Editing development development and selection by authorities certification 10 Genome Editing years shorten
Slide 72: KWS is ready to translate Genome Editing into innovative products
KWS is ready to translate Genome Editing into innovative products Genome Editing KWS Gateway Technology access IP Portfolio Strategic partnerships Research Center (GRC) Missouri, U.S. 93 Capital Markets Day 2025
Slide 73: Cabbage-stem flea beetle resistance in oilseed rape
Cabbage-stem flea beatle resistance in oilseed rape Non-edited plants Edited plants Genome Editing ▪ Yield losses rose by up to 50% after neonicotinoid pesticides were withdrawn ▪ Genome Editing to add traits on top of genetic resistance 96 Capital Markets Day 2025
Slide 74: Gene discovery for virus yellows and SBR in sugarbeet
Gene discovery for virus yellows and SBR in sugarbeet Virus yellows Infected plants Non-infected plants ▪ Complex disease: three types of viruses ▪ Breeding varieties today for two virus Genome Editing ▪ Genome Editing to complement breeding SBR Infected plants Non-infected plants ▪ New complex dise
Slide 75: KWS Traits & Technology: Digitalization
KWS Digitalization Traits & Technology 98 Capital Markets Day 2025
Slide 76: CONVISO SMART spray timer
AI for the farmer CONVISO® SMART spray timer High accuracy model to recommend ideal + time for CONVISO® SMART application + More efficiency in field operations + More convinience for farmers + Best practices & compliance 99 Capital Markets Day 2025
Slide 77: Efficiency increase by digitalization
Efficiency increase by digitalization Digitalization FieldExplorer (FEX) Digital phenotyping Gene discovery ▪ Smart digital field planning, ▪ State-of-the-art sensor technologies ▪ Proprietary models integrate data & management and operations enable exact digital plant description identify candidat
Slide 78: Collaboration is key: Satellite remote sensing with ESA
Collaboration is key: Satellite remote sensing with the European Space Agency and other high-profile partners AgriCEM Earth observation satellites provide agricultural data for farming and breeding: Crop health status and drought & yield Advanced agricultural monitoring with copernicus expansion mis
Slide 79: KWS Traits & Technology: Hybridization
KWS Traits & Technology Hybridization 104 Capital Markets Day 2025
Slide 80: Why hybrids
Why hybrids Increased productivity + Higher yields | Superior traits Better resilience + Stability | Vigorous | Coping with stress Trait carrier + Faster inclusion of traits | Time to market Business potential + Addressing more | New markets Hybridization Additional value capture for entire value ch
Slide 81: Successful hybridization with optimal genetic parents
Successful hybridization with optimal genetic parents 7 x Inbreeding homozygous KWS hybrid corn P1 Genetically different P2 Hybridization 7 x Inbreeding homozygous 106 Capital Markets Day 2025
Slide 82: Success story hybrid rye
Success story hybrid rye Grain yield* in dt/ha +1% 100 Hybrid Heterosis as 90 additional yield +0.6% compared to the best Non-hybrid non-hybrid varieties 80 Hybridization 2004 2010 2020 *with treatment 107 Capital Markets Day 2025
Slide 83: The KWS hybrid portfolio
The KWS hybrid portfolio Pipeline Pipeline Sugarbeet Corn Wheat Barley Spinach Red beet Water melon Pipeline Potato Sunflower Rye Sorghum Swiss chard Tomato Pepper Oilseed rape Melon Cucumber Hybridization KWS hybrid portfolio Sugarbeet Corn Cereals Vegetables 108 Capital Markets Day 2025
Slide 84: Successful hybridization must overcome a few hurdles
Successful hybridization must overcome a few hurdles A working hybrid Production yield “system” ▪ COGS margin ▪ Stable male sterility ▪ Producibility (pollen-free mother plants) ▪ Logistics Control of flower Optimal “parent biology genetics” Hybridization ▪ Timing ▪ Genetically divers ▪ Synchronizat
Slide 85: Research & Development: Innovation leadership in plant breeding
Research & Development: Innovation leadership in plant breeding A reliable breeding engine drives genetic gain and product performance. Trait development and hybridization best serve our product pipeline and agricultural needs. Cutting-edge technologies add speed, precision and scale. 113 Capital Ma
Slide 86: Financial framework
Capital Markets Day 2025 Financial framework Dr. Jörn Andreas Chief Financial Officer
Slide 87: Seed spend remains steady throughout the Ag cycles
Seed spend remains steady throughout the Ag cycles Seed costs in €/ha, indexed Farm revenues in €/ha, indexed Sugarbeet Europe Silage Corn Europe 150 150 High pricing strength 100 100 ▪ Seed prices show little elasticity 50 50 ▪ High pricing power due to 2011 2012 2013 2014 2015 2016 2017 2018 2019
Slide 88: Striving for further growth
Striving for further growth Group sales* in € M 1,678 1,677 1600 1,500 1400 1,276 1200 1,159 1,138 1000 968 1,020 958 961 982 Target 800 2025 – 2028 600 400 200 14/15 15/16 16/17 17/18 18/19 19/20 20/21 21/22 22/23 23/24 24/25 116 Capital Markets Day 2025 *adjusted for portfolio effects
Slide 89: KWS Model: A growth compounder
KWS Model: A growth compounder Reinvesting profits into R&D Costs EBITDA margin* high-return opportunities in € M 400 in % Investments in innovation 300 Premium pricing Value capture KWS 200 Controlled Value SG&A model 100 0 16/17 24/25 14/15 15/16 17/18 18/19 19/20 20/21 21/22 22/23 23/24 High gros
Slide 90: Accelerating business transformation and cost savings
Accelerating business transformation and cost savings Transformation into ▪ Single Source of Truth ▪ Optimized Planning ▪ Transparent Reporting 15/27 Countries in transformation Shared service center – Platform for AI ▪ Global Service Center in Berlin for KWS worldwide ▪ Central hub for process opti
Slide 91: Our capital allocation priorities
Acting from a position of strength: Our capital allocation priorities 01 02 03 Organic growth M&A Dividends ▪ Strengthen leadership in field crops ▪ Selective M&A approach, ▪ Targeting an increased payout ▪ Maintain significant R&D priority on vegetables ratio of 25-30% investments ▪ Preference for
Slide 92: New dividend policy accelerates dividend growth
New dividend policy accelerates dividend growth Dividend development in € per share €1.25 New dividend policy €1.00 ▪ Increased dividend payout €0.90 of 25 – 30% of adjusted €0.80 €0.80 net income ▪ €1.25 per share represents Proposal significant increase of 25% in dividend vs. last fiscal year ▪ Di
Slide 93: Higher focus on Free Cash Flow
Higher focus on Free Cash Flow Free cash flow Capex in € M Stable at €~120 M; relative decrease vs. revenues over time 140 136 123 Receivables 120 114 Better DSO after portfolio sales; more collection discipline 100 80 Inventories 60 55 57 High seasonality and impact of harvests from multipliers 40
Slide 94: Debt position & maturities
Debt position & maturities Net debt Maturities in € M in € M FY 25/26 25 195 FY 26/27 134 FY 27/28 27 FY 28/29 27 119 FY 29/30 87 FY 30/31 27 FY 31/32 27 FY 32/33 20 Q1 24/25 Q1 25/26 122 Capital Markets Day 2025
Slide 95: Results of the 1st quarter 2025/26
Results of the 1st quarter 2025/26 + Strong rapeseed business drives growth in winter seeds Phasing effects in Sugarbeet sales – + segment forecast unchanged Q1 revenue of €228.2 (248.6) M below + prior year due to phasing + EBITDA rises to €4.8 (– €10.0) M driven by positive special item (AgReliant
Slide 96: Forecast 2025/2026: Moderate growth at sustained profitability
Forecast 2025/2026: Moderate growth at sustained profitability Forecast FY 2025/2026 ▪ In line with mid-term growth target of 3 – 5% Organic sales growth ~3% ▪ Reflecting commodity weakness and expected decline in RUS business ▪ In line with mid-term financial ambition of EBITDA margin 19 – 21% 19 –
Slide 97: Well positioned for further profitable growth
Well positioned for further profitable growth Winning Growth Accelerate Capital Guidance portfolio compounder transfor- allocation confirmed supports a 3 – 5% delivering 19 – 21% EBITDA margin mation focussing on reinvest- after first quarter organic growth p.a. ments, bolt-on M&A 2025/26 results an
KWS SAAT SE & Co. KGaA — Investor Day (November 2025) on 6ix