Kws Saat Se & Co Kgaa · XETR:KWS
Kws Saat Se & Co Kgaa — Investor Presentation (May 2026)
59 slides from Kws Saat Se & Co Kgaa's investor presentation, May 2026
Slide 1: Investor Presentation
Investor Presentation KWS SAAT SE & Co. KGaA | May 2026
Slide 2: Why invest in KWS?
Why invest in KWS?
Slide 3: Seeding the future for generations
Seeding the future for generations Grounded in tradition, powered by innovation and committed to trusted partnerships at eye level for sustainable and profitable growth.
Slide 4: Innovating seeds since 1856
Innovating seeds since 1856 Heritage Today Leading specialist 2019 in plant breeding 1955 Vegetables 1920 Corn 1856 Cereals Sugarbeet 4 KWS SAAT SE & Co. KGaA May 2026
Slide 5: Agriculture is facing significant challenges globally
Agriculture is facing significant challenges globally Global challenges +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 5 KWS S
Slide 6: Our solution: innovation in plant breeding
Face climate change with Resilient varieties Our solution Innovation in Increase yields Optimize farming with Digital solutions plant breeding to feed a growing world population is key to solving It’s all in the challenges Seed 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 Value levers 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
Slide 8: 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 de
Slide 9: We lead in field crops & leverage our broad portfolio
We lead in field crops & leverage our broad portfolio Growth driver “Lead“ Sugarbeet Corn Cereals Global market leader with Re-shaped towards growth European market leader with Lead outstanding profitability due to break-through innovations and profitability, building on leading position in European
Slide 10: Build businesses for long-term growth and value capture
Build businesses for long-term growth and value capture Growth driver “Build“ Vegetables KWS Food Ingredients Potato seeds Fastest growing segment in Leveraging KWS plant Reshaping the potato value seed market as demand for breeding expertise to provide chain – seeds instead of healthy nutrition ris
Slide 11: Strong track-record of innovation including first-in-class inventions
Strong track-record of innovation including first-in-class inventions Innovation milestones 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 Roun
Slide 12: Cutting-edge R&D Capabilities
Cutting-edge R&D Capabilities Growth driver “Advance“ Genome € 349m 22% Marker & Editing Total R&D spend Low-input varieties in KWS portfolio genomic selection 38% 65% of KWS employees of sales generated R&D in R&D by new varieties 585 (+5%) Data Number of variety approvals Cell Science & AI Technol
Slide 13: Unlocking the potential of Hybridization & genome editing
Unlocking the potential of Hybridization & genome editing Growth driver “Advance“ Hybridization Genome editing Barley Broad portfolio of genome editing Higher yield Precise traits & crops potential DNA targeting Higher resilience Potato 20 – 30% faster and stability time to market Faster inclusion L
Slide 14: Well-balanced between growth investments & shareholder return
Well-balanced between growth investments & shareholder return Capital allocation priorities Organic Growth M&A Dividends Strengthen leadership in field crops and invest Selective M&A approach Targeting an increased in new business opportunities with priority on opportunities in payout ratio of
Slide 15: New dividend policy accelerates dividend growth
New dividend policy accelerates dividend growth Dividend development (in € per share) New dividend policy 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 in
Slide 16: Investment Summary
Investment Summary Lead Build Advance Our targets As a seed Leading in field We are building We advance trait Our mid-term specialist, crops businesses development and financial we passionately drive including sugarbeet, with high-value capture breeding framework innovation in plant cereals and corn
Slide 17: KWS At a Glance
KWS At a Glance
Slide 18: KWS at a glance
KWS at a glance Net sales EBITDA Dividend per share Employees in € million in € million in € in FTE 1,676.6 (+/-0%) 350.5 (-13%) 1.25 (+25%) 4,837 (+4%) KWS product portfolio 1856 including seed for since2005 KWS is € 349 million Is the year the company, invested in research and still drawing on its
Slide 19: KWS ranks among the world's leading companies for plant breeding
KWS ranks among the world`s leading companies for plant breeding Net Sales* Countries Employees (FTE)* Innovation* Yield Increase Target in million € R&D in % of net sales crops Ø p.a. in % 1,677 >70 4.837 20.8 1-2 *Financial year 2023/2024 Ranking Global Commercial Seed Market (in USD) by sales wit
Slide 20: Our portfolio includes seeds for 11 of the 13 most important crops
Our portfolio includes seeds for 11 of the 13 most important crops/crop groups 1242 1187 799 800 383 371 208 220 168 151 137 146 92 17 59 46 27 43 40 57 30 59 5 39 4 13 Vege- Sugar- Rape- Sorg- Sun- Sugar- Corn Wheat Rice Potato1 Soybeans tables Barley Rye cane 2 seed hum flowers beet 2 X X Global a
Slide 21: Strong track record of profitable growth
Strong track record of profitable growth Sales development EBITDA development in € million 10.2% in € million CAGR 14.3% EBITDA CAGR 1.678 1.677 351 1.500 405 1.276 279 1.159 230 206 20/21 21/22 22/23 23/24 24/25 20/21 21/22 22/23 23/24 24/25 21 KWS SAAT SE & Co. KGaA May 2026
Slide 22: Seasonality of sales and EBITDA/EBIT
Seasonality of sales and EBITDA/EBIT Average percentage of Sales/EBIT per Quarter; FY = 100% Q1 Q2 Q3 Q4 Ju Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun approx. 150% of annual EBITDA/ approx. 60% of EBIT annual sales ~ 10-15% ~ 10-15% ~ 10-15% negative negative negative Sales EBITDA/ EBIT 22 KWS SAAT
Slide 23: Business segments
Business segments
Slide 24: Sugarbeet Segment
Sugarbeet Segment Net Sales EBITDA EBIT in € million in € million in € million 872 (865) 397 (374) 367 (350) Sugarbeet Feedbeet Overview FY 2024/25 Sales growth despite acreage Germany decrease of ~3% driven by Other Regions 11% innovative product portfolio (CONVISO® SMART, CR+), 10% representing
Slide 25: Strong track record of sugarbeet sales and EBIT growth
Strong track record of sugarbeet sales and EBIT growth in Kha in € million 6000 1000 5,503 Acreage: -16 % 872 900 5000 800 4,646 700 4000 Sales: +400 % 600 3000 500 EBIT: +576 % 367 400 2000 194 300 200 1000 60 100 0 0 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/
Slide 26: CONVISO SMART: weed control system in sugarbeet
CONVISO® SMART: An innovative weed control system in sugarbeet KWS Bayer Modern sugarbeet varieties1 with + CONVISO® ONE - a new broad-spectrum herbicide CONVISO® SMART in sugarbeet based on system ALS inhibitors Successful product launch in 32 markets in Europe, Middle East and South America. C
Slide 27: The new and powerful Cercospora variety generation (CR+)
Classic Variety CR+ Variety The new and powerful Cercospora variety generation (CR+) offers a novel disease suppression and yield performance
Slide 28: CONVISO SMART and CR+ drive growth and profitability
CONVISO® SMART and CR+ drive growth and profitability Share of innovations of total Sugarbeet sales in € million 1000 Strong growth momentum for sustainable innovations 800 Product introductions: CONVISO® SMART: 2018/19 600 CR+: 2020/21 400 Combination varieties: 2023/24 61% 200 56% Market p
Slide 29: Corn Segment
Corn Segment Net Sales EBITDA EBIT in € million in € million in € million 683 (702) 52 (78) 8(11) Corn Soybeans Sunflower Overview FY 2024/25 Sales by region (in € million) Sales decline mainly driven by lower Germany Other US sales (-5%), European sales on Regions 15% previous year’s level despit
Slide 30: Cereals Segment
Cereals Segment Net Sales EBITDA EBIT in € million in € million in € million 263 (276) 43 (58) 32 (50) Rye Rapeseed Wheat Barley Sorghum … Overview FY 2024/25 North & South Sales decline of rye (-5%), America rapeseed (-4%) and barley (-8%), 5% slight sales increase wheat (+0.3%) Higher R&D (+10
Slide 31: Vegetables Segment
Vegetables Segment Net Sales EBITDA EBIT in € million in € million in € million 72 (62) -22 (-11) -30 (-18) Swiss … Spinach Beans Tomato Chard Overview FY 2024/25 Germany Sales increase was almost entirely Other 2% driven by spinach sales mainly due Regions to sales in the main market US, 19% Sout
Slide 32: Building a competitive position in vegetables seed market
Building a competitive position in vegetables seed market Netherlands Andijk/Wageningen Turkey Mexico Antalya Culiacan Spain Murcia/Almería Italy Parma/Corridonia Brazil Petrolina/Uberlândia 32 KWS SAAT SE & Co. KGaA May 2026
Slide 33: Overview FY 2024/2025
Overview FY 2024/2025
Slide 34: 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 35: 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 36: 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 37: 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 38: 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 39: 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 40: 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 41: 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 42: 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 43: 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 44: 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 45: 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 46: Forecast 2025/2026
Forecast 2025/2026 Forecast FY 2025/2026 Reflecting challenging Organic sales growth ~0% agricultural markets and expected decline in RUS business In line with mid-term financial ambition of EBITDA margin 19 – 21% 19-21 % EBITDA margin Continued high investments in R&D Additional positive EB
Slide 47: Overview 9M 2025/2026
Overview 9M 2025/2026
Slide 48: 9M 2025/2026: Group performance overview
9M 2025/2026: Group performance overview Net sales (€ m) EBITDA (€ m) Net income* (€ m) 1,348.6 (1,344.3) 386.8 (360.8) 220.0 (202.8) Special effects: € 29 m sale of license Driven by improvement in EBITDA organic growth +2.6 %; rights NA Corn business; € 8 m reversal and financial result currency:
Slide 49: Innovation is key to success
Innovation is key to success
Slide 50: We develop plants that support a sustainable agriculture
We develop plants that support a sustainable agriculture. Technologies will make this faster and more targeted.
Slide 51: The long way to a new variety
The long way to a new variety In the cooperation involving research, breeding and production, the development of a new crop variety takes on average 10 years Variety approval & variety protection Pre-breeding Crossbreeding and Property testing and Variety testing Seed propagation and trait material
Slide 52: Technology is the backbone of our success
Technology is the backbone of our success Bio- Informatics Breeding Genomics (big data, AI) (Germplasm) & Marker Digital Traits Phenotyping New Cell & Breeding Tissue Technologies Culture (CRISPR) 52 KWS SAAT SE & Co. KGaA May 2026
Slide 53: Record number of new variety approvals strengthen our product pipeline
Development of the number of variety approvals over the past 20 fiscal years Record number of 600 new variety approvals 500 584 400 (559) 300 200 strengthen our product 100 pipeline 05/06 06/07 07/08 08/09 09/10 10/11 11/12 12/13 13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21 21/22 22/23 23/24 24/2
Slide 54: Further information
Further information
Slide 55: Setup of the Executive Board KWS SE
Setup of the Executive Board KWS SE* Dr. Felix Büchting Sebastian Talg Nicolás Wielandt Dr. Jörn Andreas Spokesperson of the Board (as of September 1, 2025) Research & Breeding Sugarbeet* Finance & Procurement Corn Human Resources Vegetables* Controlling Cereals, Oilseed Rape/ Farm
Slide 56: Dividend proposal: increase to €1.25 per share
Dividend proposal: increase to €1.25 per share Dividend payments and dividend ratio for the last 10 years Dividend payments Dividend rate (Dividend payment / Net Income) €1.25 €0.90 €1.00 €0.80 €0.80 €0.64 €0.67 €0.70 €0.60 €0.64 24.3% 26.2% 30 % 24.5% 25.2% 23.6% 21.2% 21.3% 23.9% 23.4% 21.6% 25 %
Slide 57: Key figures for the KWS share, shareholdings and coverage
Key figures for the KWS share, shareholdings and coverage 1 General Data ISIN Number of shares DE0007074007 33.000.000 Families Büchting, Arend Oetker, 69.3% Tessner Type No-par value shares (t/o TESSNER BETEILIGUNGS (15.4%) GMBH) 2 Closing price (Xetra)* in € June 30, 2025 61.70 June 28,
Slide 58: IR contact and financial calendar
IR contact and financial calendar Peter Vogt Financial calendar: Head of Investor Relations Sep 23, 2026 Annual Report 2025/2026 Nov 12, 2026 Q1 Report 2026/2027 Phone: +49 (0) 30 816914-490 Dec 01, 2026 Annual Shareholders‘ Meeting E-Mail: peter.vogt@kws.com KWS SAAT SE & Co. KGaA For more in
Slide 59: Disclaimer
Disclaimer These materials are not an offer for sale of Subscription rights or Securities in the United States. Subscription rights and Securities may not be offered or sold in the United States without registration or an exemption from registration under the U.S Securities Act of 1993, as amended.
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