KWS Saat Se & Co KGaA · XETR:KWS
KWS Saat Se & Co KGaA — FY2020/2021 Earnings Presentation
18 slides from KWS Saat Se & Co KGaA's earnings presentation, Oct 20, 2021
Slide 1: Analyst & Investor Call FY 2020/2021
Analyst & Investor Call FY 2020/2021 Eva Kienle (CFO) KWS SAAT SE & Co. KGaA Oct 20, 2021
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 2020/2021
KWS reports successful financial year 2020/2021 Strong organic business growth Increase in EBITDA despite negative FX impact Free Cash Flow* up by more than € 50 million Dividend increase to € 0.80 (0.70) *Excluding acquisition of Pop Vriend Seeds in comparison period 3 KWS SAAT SE & Co. KGaA 10/20/
Slide 4: Significant increase in Net income / Earnings per share
Significant increase in Net income / Earnings per share In € million 2020/2021 2019/2020 +/- Net sales 1,310.2 1,282.6 2,2% EBITDA 230.9 225.5 2,4% EBIT 137.0 137.4 -0,3% Financial result 5.5 -7.8 - Result of ordinary activities 142.2 129.5 9,8% Taxes 31.6 34.3 -7,9% Net income 110.6 95.2 16,2% Earn
Slide 5: Dividend proposal: Increase to 0.80 Euro per share
Dividend proposal: Increase to 0.80 Euro per share Dividend payments and dividend rate of the last 10 years Dividend payments in € per share Dividend rate (Dividende payment / Net income) €0,80 €0,70 €0,67 €0,64 €0,64 €0,60 €0,60 €0,60 €0,60 €0,56 24,7% 23,6% 24,3% 23,9% 25 % 23,2% 20,8% 21,7% 21,6%
Slide 6: Segment development - Corn
Segment development - Corn FY 2020/2021 776 774 Corn ▪ FX adj. sales growth (+8.3%) driven by European markets and South America ▪ Excellent performance of new grain corn varieties in Southern & Eastern Europe ▪ Strong volume increase in Brazil due to higher acreage and market share ▪ U.S. Joint Ven
Slide 7: Segment development - Sugarbeet
Segment development - Sugarbeet FY 2020/2021 Sugarbeet ▪ Segment sales increased by 6.6% (FX adj.: +13.0%) 524 492 ▪ High demand for CONVISO® SMART and initial sales for newly launched varieties with Cercospora tolerance (CR+) ▪ Segment EBIT increased to € 175m (170m) – despite negative FX impact an
Slide 8: Segment development - Cereals
Segment development - Cereals FY 2020/2021 Cereals ▪ FX adjusted growth (+3.3%) driven by rapeseed 191 191 and wheat ▪ Sales for main crop hybrid rye stable (FX adj.) ▪ Segment EBIT below previous year due to higher expenses in R&D and marketing & selling for growth initiatives Outlook 2021/2022 26
Slide 9: Segment development - Vegetables
Segment development - Vegetables 84 FY 2020/2021 Vegetables ▪ Strong decline in sales due to Covid-19-pandemic (reduced demand for fresh spinach in main food 58 service market U.S.) ▪ Sales in bean seeds up by 13% 26 ▪ EBIT significantly reduced due to sales decline and ▪ ppa-effects include non-cas
Slide 10: Segment development – Corporate
Segment development – Corporate* Corporate* FY 2020/2021 ▪ Improvement due to positive FX effects from financial instruments and pandemic-related cost 5 6 savings Outlook 2021/2022 Net sales ▪ About € –100m -92 in € million -105 EBIT *Segment includes cross-segment costs for the KWS Group’s central
Slide 11: Overview capital expenditures
Overview capital expenditures VEGETABLES NORTH & SOUTH REST OF AMERICA WORLD CORPORATE 2% CORN 14% 2% 28% 29% Capital expenditures 81 € million GERMANY CEREALS EUROPE 45% SUGARBEET (EXCL.GER.) 9% 39% 32% Investment focus: Germany 11 KWS SAAT SE & Co. KGaA 10/20/2021
Slide 12: Forecast for the KWS Group for fiscal 2021/2022
Forecast for the KWS Group for fiscal 2021/2022 Forecast 2021/2022 Actual 2020/2021 Net sales growth 5 – 7% €1,310 million EBIT margin* 11 – 12% 12.5% R&D ratio 18 – 20% 19.3% *w/o ppa effects from company acquisitions 12 KWS SAAT SE & Co. KGaA 10/20/2021
Slide 13: Green Deal – Farm to Fork targets of EU Commission
Green Deal – Farm to Fork targets of EU Commission 13 KWS SAAT SE & Co. KGaA 10/20/2021
Slide 14: KWS Sustainability Ambition 2030
KWS Sustainability Ambition 2030 Product Impact Safeguard food production Minimize input required ▪ 1.5 % annual yield gain for farmers through ▪ Invest >30 % p.a. of R&D budget into reduction progress in plant breeding and of inputs ▪ Digital farming solutions on >6 million hectares ▪ >25% of KWS v
Slide 15: Diverse portfolio of strong varieties
Diverse portfolio of strong varieties ▪ 492 variety approvals in FY 2020/2021 Development of variety approvals over last 20 years 500 450 400 350 300 250 200 150 100 15 KWS SAAT SE & Co. KGaA 10/20/2021
Slide 16: Shaping the future KWS Board Leadership
Shaping the future KWS Board Leadership ▪ Dr. Drs. h.c. Andreas J. ▪ Between 6.12.2022 and ▪ As of 1.1.2025 Dr. Hagen Büchting will step back as 31.12.2024 it is planned, that Duenbostel will be proposed to Chairman of the Supervisory former Speaker of the Executive become Chairman of the Board of K
Slide 17: Shaping the future KWS Board Leadership
Shaping the future KWS Board Leadership Change in Executive Board members and areas of responsibility as of 01.01.2023: Dr. Felix Büchting Dr. Peter Hofmann Eva Kienle Nicolás Wielandt Speaker of the Board ▪ R&D ▪ Sugarbeet ▪ Finance & Procurement ▪ Corn Europe & Asia ▪ HR ▪ Cereals, Oil seed crops,
Slide 18: Analyst & Investor Call FY 2020/2021 Q&A Session
Analyst & Investor Call FY 2020/2021 Q&A Session KWS SAAT SE & Co. KGaA Oct 20, 2021
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