Kws Saat Se & Co Kgaa · XETR:KWS
Kws Saat Se & Co Kgaa — Q4 2025 Earnings Presentation
18 slides from Kws Saat Se & Co Kgaa's earnings presentation, Sep 25, 2025
Slide 1: Analyst & Investor Call FY 2024/2025
Analyst & Investor Call FY 2024/2025 Dr. Jörn Andreas (CFO)
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: KWS reports successful financial year 2024/2025
KWS reports successful financial year 2024/2025 ▪ Robust operating performance in challenging market environment ▪ Strong financial performance Net debt and free cashflow clearly improved ▪ Strategic alignment completed Corn segment reshaped ▪ New financial framework Sets future course for profitabl
Slide 4: FY 2024/2025: Group performance overview
FY 2024/2025: Group performance overview* Net sales (€ m) EBITDA (€ m) Net income (€ m) 1,677 (1,678) 350.5 (404.9) 140.0 (184.1) Impacted by one-time effects in PY Driven by EBITDA reduction and +1.0 % organic growth; (CN sale) and higher functional costs higher tax rate; finance result FX: -1.1 %
Slide 5: FY 2024/2025: Slight organic growth despite headwinds
FY 2024/2025: Slight organic growth despite headwinds Net sales Key developments in € m ▪ Total sales on previous year‘s level despite acreage decline +1.0 % -1.1 % in Europe 17 -0.1 % ▪ Organic growth +1.0 % driven by -18 0 Sugarbeet and Vegetables ▪ Slightly exceeding latest sales outlook („~0 % g
Slide 6: Income statement FY 2024/2025
Income statement FY 2024/2025 FY 2023/2024 FY 2024/2025 Δ in % Comments EBITDA 404.9 350.5 -13.4 ▪ EBIT & EBITDA: impacted by EBIT 302.0 247.6 -18.0 one-time items in CY and PY Thereof: reversal of VAT provision -7.7 +7.7 ▪ Robust operating profitability at Thereof: Sale of CN corn business +28.1 -
Slide 7: Sugarbeet segment
Sugarbeet segment Sales development Segment performance +2.2 % -1.6 % ▪ Organic growth +2.2 % despite +0.6 % global acreage decline of 3 % 18 -14 ▪ Innovations CONVISO® SMART and CR+ drive business performance and account for 865 872 61 (56) % of sales ▪ Roll-out of combination varieties in several
Slide 8: Corn segment
Corn segment Sales development Segment performance -1.6 % -1.1 % ▪ Sale of South American corn -11 -2.7 % business accounted as -8 „discontinued operation“ ▪ AgReliant’s operating 702 performance (pro rata) and book 683 value adjustment (€ 20.7m) still reported in corn segment (last time) ▪ Organic
Slide 9: Cereals segment
Cereals segment Sales development Segment performance ▪ Sales decrease by 4.5 % in line -4.5 % -0.1 % with expectations -4.6 % -13 0 ▪ Hybrid rye (38 % of sales): -5 % due to weak commodity prices; decline in core markets 276 D and PL, increase in CAN 263 ▪ Oilseed rape (31 % of sales): -4 % mainly
Slide 10: Vegetables segment
Vegetables segment Sales development Segment performance +15.8 % +0.4% +16.2% ▪ Strong sales increase of 16 % primarily in spinach business 10 0 ▪ Spinach (67 % of sales): growth in all markets (NA, EU, Asia) due to enhanced commercial 62 program 72 ▪ Beans (26 % of sales): on previous year’s level
Slide 11: Significant improvement in free cashflow
Source: SAP February 2024 Significant improvement in free cashflow Cashflows (Continuing Business) Key developments in € m ▪ Free cashflow more than doubled compared Operating cashflow Investing cashflow Free cashflow ▪ Positive development in operating cashflow driven by Net Working Capital ▪ Reduc
Slide 12: Net debt down to 0.2x EBITDA
Net debt down to 0.2x EBITDA Net debt development Key developments in € m ▪ Net debt signficantly improved to € 62m or 0.2x EBITDA ▪ Operating performance of continuing business activities (EBITDA) and proceeds from M&A (primarily sale of South 120 American corn business) are main drivers of improve
Slide 13: 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) Other Divestiture steps €1.05bn 2023: China JV ~€ 450m 2024: South America (GMO) Net sales Net sales 2025: North America JV (GMO) EU-27 Other EU-27 8.6
Slide 14: Following a clear strategic framework for profitable, sustainable growth
Following a clear strategic framework for profitable, sustainable growth Strategy & targets 3–5% Organic sales growth 19 – 21 % EBITDA margin 25 – 30 % Dividend payout ratio S u s t a i n a b i l i t y A m b i t i o n 2 0 3 0 Lead Build Advance in field crops & businesses for long-term growth trait
Slide 15: New dividend policy accelerates dividend growth
New dividend policy accelerates dividend growth Dividend development New dividend policy in € per share ▪ Increased dividend payout of 1.25 € 25–30 % of adjusted net income 1.00 € ▪ Clear commitment to maintain dividend contininuity 0.90 € 0.80 € 0.80 € ▪ € 1.25 per share represents significant incr
Slide 16: 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% 19-21
Slide 17: Capital Markets Day
Save the date! Capital Markets Day November 18, 2025 ▪ Einbeck & virtual ▪ Full-day program with KWS management team ▪ On-site tours on innovation and sugarbeet
Slide 18: Analyst & Investor Call FY 2024/25
Analyst & Investor Call FY 2024/25 Q&A session
KWS SAAT SE & Co. KGaA — Q4 2025 Earnings Presentation on 6ix