Slide 1: Analyst Call Q1/2021
11 May 2021 K+S Aktiengesellschaft Analyst Call Q1/2021 Dr. Burkhard Lohr Thorsten Boeckers CEO CFO
Slide 2: 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
Slide 3: Sale of the Americas operating unit
Sale of the Americas operating unit Milestone for the reduction of debt ▪ Closing completed on April 30, 2021 ▪ Enterprise value: USD 3.2 billion, equivalent to 13.4 times EBITDA ▪ Net proceeds: ~ €2.6 billion 3
Slide 4: Q1/21 EBITDA significantly improved YoY
Q1/21 EBITDA significantly improved YoY Highlights Financials (continuing operations) ▪ Q1/21 EBITDA increased to €126m (Q1/20: €99m) € million Q1/2020 Q1/2021 % ▪ COVID-19: Minor efficiency losses on the previous year's Q1 level Revenues 647 733 +13 ▪ Adj. net profit positive at €229m (Q1/20: €-41m
Slide 5: Strong performance in agricultural markets
Strong performance in agricultural markets % 240 ► Recovery of crop prices on back of 220 falling stock-to-use ratios, mainly corn and soybean below 5-year-average 200 ► First significant increase in 180 agricultural profitability since 2015 160 ► Upside potential for good potash 140 demand growth i
Slide 6: Agriculture customer segment
Agriculture customer segment Stable specialty business and regional diversification are paying-off Q1/2021 USD/t EUR/t • Strong price recovery in Brazil 400 500 continued on the back of Potassium Sulfate very strong demand 375 (SOP) Europe 450 • Improved demand in SEA 350 400 • This also positively
Slide 7: Trading update: Industry+
Trading update: Industry+ De-icing salt business ▪ Strong performance in Q1 ▪ Good early fills business expected Pharmaceutical industry ▪ COVID-19-related declines Food industry ▪ COVID-19-related declines Chemical industry ▪ Strong performance in Q1, especially chlorine for plastics, PVC and glass
Slide 8: 2021 EBITDA outlook raised by €60 million
2021 EBITDA outlook raised by €60 million ▪ Moderately higher average price EBITDA in €m continuing operations ~500-600 in Agriculture product portfolio + REKS ▪ Sales volume in the Agriculture (~200) customer segment expected to be >7.5 million tonnes - Higher freight 267* costs (2020: 7.3 million
Slide 9: We enrich life for generations.
WE ENRICH LIFE FOR GENERATIONS. 9
Slide 10: We ensure nutrition, health, and safety.
We ensure nutrition, health, and safety. We enable the success of our customers. We are committed to sustainable mining. We leverage our unique infrastructure for economic efficiency. We act as a partner with our communities. 10
Slide 11: New strategy with focus on four key aspects
New strategy with Making the existing busi- focus on four key 1. ness even more robust aspects Further developing growth 2. options Tapping into new business 3. areas, leveraging our unique infrastructure 4. Our climate strategy 11
Slide 12: Q&A
Q&A Dr. Burkhard Lohr Thorsten Boeckers CEO CFO
Slide 13: Housekeeping items / Financial calendar
Housekeeping items / Financial calendar Additional information on 2021 FY outlook – continuing operations ▪ Tax rate: 30% ▪ Financial result: on the level of last year (2020: €-106m) ▪ CapEx: on the level of last year (2020: €428m) ▪ D&A: ~€300m Financial calendar Bernstein Annual Agriculture Confer
Slide 14: Investor Relations Contact
Investor Relations Contact K+S Aktiengesellschaft Bertha-von-Suttner-Str. 7 34131 Kassel (Germany) E-Mail: investor-relations@k-plus-s.com Website: www.kpluss.com IR-Website: www.kpluss.com/ir Newsletter: www.kpluss.com/newsletter Julia Bock, CFA Dirk Neumann Janina Rochell Senior Investor Relations