AGRANA Beteiligungs-AG · VIE:AGR
AGRANA Beteiligungs-AG — ODDO BHF Forum 2024
77 slides from AGRANA Beteiligungs-AG's conference presentation, Jan 15, 2024
Slide 1: AGRANA ODDO BHF Forum 15 January 2024
FRUIT STARCH SUGAR T h e n a t u ra l u p g ra d e AGRANA Beteiligungs-AG ODDO BHF Forum 15 January 2024 AGRANA | ODDO BHF Forum | 15 January 2024 1
Slide 2: Contents
CONTENTS 1 Introduction & Business overview 2 Strategy; AGRANA Management 3 Focus on ESG 4 Segment overview: Fruit, Starch and Sugar 5 War in Ukraine 6 Financials Q1-3 2023|24 7 Outlook 2023|24 AGRANA | ODDO BHF Forum | 15 January 2024 2
Slide 3: Introduction & Business Overview
AG R AN A G R O U P INTRODUCTION & BUSINESS OVERVIEW AGRANA | ODDO BHF Forum | 15 January 2024 3
Slide 4: Everyone knows Wiener Zucker
EVERYONE KNOWS ,,WIENER ZUCKER“ AGRANA | ODDO BHF Forum | 15 January 2024 4
Slide 5: We all consume AGRANA (products)
STRATEGIC POSITIONING B2B WE ALL CONSUME AGRANA (PRODUCTS) AGRANA supplies At the beginning there is the Big Names... always agriculture… AGRANA refines agrarian raw confectionery, beverage, fermentation industries, food materials... retailers; paper, textile, We all consume pharmaceutical industrie
Slide 6: At a glance
AGRANA PRODUCTS IN DAILY LIFE AT A GLANCE FRUIT STARCH SUGAR ▪ Fruit juice concentrates customers are ▪ AGRANA produces starch and special Sugar is sold to fruit juice and beverage bottlers and starch products ▪ consumers via the food trade fillers ▪ Starch is a complex carbohydrate which is and ▪ F
Slide 7: Segmentation by segment
55 PRODUCTION SITES WORLDWIDE SEGMENTATION BY SEGMENT FRUIT STARCH SUGAR 26 fruit preparations plants and 5 starch plants 7 sugar beet plants 14 fruit juice concentrate plants (incl. 2 bioethanol plants) 2 raw sugar refineries (& Instantina) Czech Rep. Slovakia Austria Hungary* Romania* Bosnia- Herz
Slide 8: Volumes processed and sold (2022|23)
AGRANA GROUP VOLUMES PROCESSED AND SOLD (2022|23) Sales: 5.4 million tonnes Raw materials processed: 8.6 million tonnes Total share Fruit 13% 0.2 0.9 Total share Fruit Sugar 39% 0.7 in million tonnes Sugar 2.1 4.7 2.5 Starch 2.6 Total share Starch 48% 0.34 Beet Raw Sugar Grain Potato Fruits AGRANA |
Slide 9: Focus on food: revenue by product group
REVENUE BY PRODUCT GROUP (2022|23) FOCUS ON FOOD FRUIT STARCH SUGAR € 1,481.9 m € 1,293.8 m € 861.7 m AGRANA | ODDO BHF Forum | 15 January 2024 9
Slide 10: History
ACQUISITION of the American OUR organic EXPANSION distribution HISTORY EXPANSION of the company‘s Of market position in Asia through the acquisition of company Marroquin presence in the area the Indian fruit processing Organic of fruit preparations plant SAIKRUPA Fruit EXPANSION International DEVELO
Slide 11: Shareholder structure
CURRENT STATUS SHAREHOLDER STRUCTURE ~30% Rübenproduzenten Beteiligungs-GmbH ~50% ZBG ~70% Raiffeisen-Holding AGRANA NÖ-Wien Zucker, Stärke und Frucht Holding AG ~78,4% ~10% ~50% Südzucker ~2,7%1 Total: 62.488.976 Shares ~18,9% FREE FLOAT 1 directly held by Südzucker AGRANA | ODDO BHF Forum | 15 Jan
Slide 12: AGRANA delivered a substantial EBIT
Q1-3 2023|24 AGRANA DELIVERED A SUBSTANTIAL EBIT ▪ Amid a sustained volatile business environment, operating performance improved in almost all our major businesses ▪ Difficult business trend in Asia, which gave rise to an asset impairment charge of about € 16 million at the end of the financial thi
Slide 13: Strategy, AGRANA Management
AG R AN A G R O U P STRATEGY AGRANA MANAGEMENT AGRANA | ODDO BHF Forum | 15 January 2024 13
Slide 14: AGRANA at the intersection of three greatest challenges
AGRANA AT THE INTERSECTION OF THREE OF THE GREATEST CHALLENGES OF OUR TIME Feeding a growing world population Transformation of Climate change agriculture AGRANA | ODDO BHF Forum | 15 January 2024 14
Slide 15: Sustainable value growth
SUSTAINABLE VALUE GROWTH Refiner of agricultural raw materials and supplier of natural ingredients and solutions EBITDA margin > 10% ROCE > 10% Further Developing Strengthening Developing Organisation & Core business Future markets Culture Sustainability AGRANA | ODDO BHF Forum | 15 January 2024 15
Slide 16: Strengthening core business
AD CORNERSTONE 1 STRENGTHENING CORE BUSINESS Fruit segment Starch segment Sugar segment • More innovations, • Expansion of specialties, • Strengthening of brand added-value solutions optimisation of portfolio and expansion of • New sales channels • Innovation specialties and markets • Strong impleme
Slide 17: Developing future markets
AD CORNERSTONE 2 DEVELOPING FUTURE MARKETS Plant-based Natural flavors proteins Biobased materials AGRANA | ODDO BHF Forum | 15 January 2024 17
Slide 18: Strategic goals 2030+
STRATEGIC GOALS 2030+ • From quantity to margin EBITDA- margin • Increasing focus on growth > 10% markets ROCE • Reducing dependence on > 10% volatile commodity markets AGRANA | ODDO BHF Forum | 15 January 2024 18
Slide 19: New Board responsibilities since 1 January 2024
CHANGES ON THE MANAGEMENT BOARD NEW BOARD RESPONSIBILITIES (SINCE 1 JANUARY 2024) CEO Stephan Büttner CTO Norbert Harringer CAO Thomas Kölbl • Finance (CFO) • Production & Investment • Internal Audit • Compliance • Quality Management • Corporate Secretariat (line authority) • Raw Materials • Human R
Slide 20: Focus on ESG
AG R AN A FOCUS ON ESG AGRANA Sustainability: www.agrana.com/en/sustainability AGRANA | ODDO BHF Forum | 15 January 2024 20
Slide 21: AGRANA's understanding of sustainability
AGRANA‘S UNDERSTANDING OF SUSTAINABILITY AT AGRANA, WE … ▪ utilise almost 100% of the raw materials employed and use low-emission Ecology technologies to minimise impacts on the environment ▪ respect all our stakeholders and the communities where we operate Economy Social ▪ engage in long-term partn
Slide 22: Core subjects along the value chain
AGRANA‘S CORE SUBJECTS ALONG THE VALUE CHAIN RAW MATERIAL ECO-EFFICIENCY OUR EMPLOYEES PRODUCT COMPLIANCE PROCUREMENT OF OUR RESPONSIBILITY PRODUCTION Environmental and social criteria in the Product responsibility sourcing of Labour practices and Environmental and human rights of and sustainable ag
Slide 23: Energy use, emissions & energy mix
ECO-EFFICIENCY OF OUR PRODUCTION ENERGY USE, EMISSIONS & ENERGY MIX AGRANA | ODDO BHF Forum | 15 January 2024 23
Slide 24: Clear plans for implementing the climate strategy
SUSTAINABLE VALUE GROWTH CLEAR PLANS FOR IMPLEMENTING THE CLIMATE STRATEGY Scope 1+2 emissions ▪ Ongoing energy efficiency measures, comprehensive green energy package ▪ From 2025 on, use of low-protein raw material residues for energy instead of natural gas ▪ Investments: by 2030 approx. € 180 mill
Slide 25: AGRANA climate strategy: science based targets
AGRANA CLIMATE STRATEGY MILESTONE SCIENCE BASED TARGETS NEAR- SCOPE 1 SCOPE 2 SCOPE 3 TERM 2030 2030 (from 2019|20 base year) 50% abs. reduction of approx. 34% abs. reduction GHG emissions (incl. future FLAG Guidance) Science based targets validated in September 2023 LONG-TERM Net-zero emissions Net
Slide 26: Focus areas Scope 1+2
SCOPE 1+2 FOCUS AREAS @AGRANA Long-term commitment by 2040 (not SBTi validated) Photovoltaic installation|Austria Juice Kröllendorf ▪ Switch to 100% renewable energy (scope 1+2) and net-zero emissions Near-term target by 2030|31 (SBTi validated) on track ▪ - 50 % of emissions from 2019|20 base year
Slide 27: AGRANA climate strategy
ESG OUTLOOK AGRANA CLIMATE STRATEGY ▪ September 2023: Verification of science-based climate targets (SBTs) by 2030 compared to 2019|20. − 50% emission reduction (scope 1+2) − 30% emission reduction (scope 3); approx. 34% incl. FLAG ▪ Further ambition: net-zero emissions scope 1+2 by 2040, scope 3 by
Slide 28: Major emission reduction projects per division
ESG OUTLOOK MAJOR EMISSION REDUCTION PROJECTS PER DIVISION 2023 TO 2030|31 ▪ In total, > 400 emission reduction projects were modelled until 2040 to achieve net-zero scope 1+2 emissions. ▪ Concrete projects, which have already been included in the medium-term planning up to 2027 and beyond up to 203
Slide 29: Segment overview
AG R AN A G R O U P SEGMENT OVERVIEW AGRANA | ODDO BHF Forum | 15 January 2024 29
Slide 30: Fruit
SE G ME N T FRUIT AGRANA | ODDO BHF Forum | 15 January 2024 30
Slide 31: Fruit segment business model
FRUIT SEGMENT BUSINESS MODEL FRUIT PREPARATIONS FRUIT JUICE CONCENTRATES ▪ Based on mostly frozen fruits ▪ Based on fresh fruits ▪ Tailor-made customer products ▪ Production in the growing area (several thousand recipes of the fruits (water content worldwide) and quality of the fruits don't ▪ Custom
Slide 32: Fruit preparation: what is it about?
FRUIT SEGMENT FRUIT PREPARATION – WHAT IS IT ABOUT? FRUIT FRUIT SUGAR PREPARATIONS + = … most important … sweetens and supports optional flavors and ingredient of fruit taste and durability colours for an even preparations ▪ Crystal sugar fruitier taste and an ▪ Frozen (IQF or block) ▪ Liquid sugar
Slide 33: Fruit segment market position
FRUIT SEGMENT MARKET POSITION FRUIT PREPARATIONS Fruit preparations 26 FRUIT PREPARATION PLANTS & 14 FRUIT JUICE CONCENTRATE PLANTS ▪ World Market Leader in Fruit preparations global market share > 35% ▪ The emerging markets are overall showing good market growth rates, while the market’s sales volu
Slide 34: Fruit: market environment highlights
Q1-3 2023|24 MARKET ENVIRONMENT - HIGHLIGHTS Fruit segment ▪ Fruit preparations: business is back on track since the beginning of the financial year; stress factor here is the continuing difficult business trend in Asia ▪ Fruit juice concentrate: situation in the fruit juice concentrate business rem
Slide 35: Fruit: raw materials and production highlights
Q1-3 2023|24 RAW MATERIALS AND PRODUCTION - HIGHLIGHTS Fruit segment ▪ For strawberries, main fruit in the fruit preparations business, global demand volume was fully contracted in the Mediterranean growing regions; average purchase prices were moderately below the previous year's level (sufficient
Slide 36: Starch
SE G ME N T STARCH AGRANA | ODDO BHF Forum | 15 January 2024 36
Slide 37: Starch segment market position
STARCH SEGMENT MARKET POSITION ▪ Austrian production sites: STARCH ▪ Potato starch factory in Gmünd 5 starch plants (incl. 2 bioethanol plants) ▪ Corn starch plant in Aschach ▪ Wheat starch & bioethanol plant in Pischelsdorf ▪ Operational management and coordination of international holdings in Hung
Slide 38: Starch specialisation strategy
STARCH SEGMENT SPECIALISATION STRATEGY FOOD Focus of VALUE END PRODUCT ▪ Growth in products from AGRANA special raw materials (market leadership) Textile industry, construction ▪ Growth in starch derivatives DERIVATIVES, ETHERS AND ESTERS industry, cosmetic industry for fruit preparations ▪ Growth i
Slide 39: AGRANA bioethanol activities
STARCH SEGMENT AGRANA BIOETHANOL ACTIVITIES PISCHELSDORF (Austria) ▪ Total investment: € 125 million ▪ Capacity: up to 240,000 m³ (= 190,000 tonnes) ▪ Production start: June 2008 ▪ Raw material base: wheat, corn and sugar beet thick juice* ▪ Raw material base: wheat, corn, B+C starch slurry HUNGRANA
Slide 40: E10 available in Austria
STARCH SEGMENT E10 ▪ AVAILABLE IN AUSTRIA SINCE THE END OF MARCH 2023 ▪ AGRANA has been producing enough bioethanol for a 10% blend (E10) in Austria since 2008 ▪ Before E10 introduction, 40% of production used for E5 blending; 60% exported, resulting in a loss of nearly 200,000 t GHG savings for Aus
Slide 41: Starch: market environment highlights
Q1-3 2023|24 MARKET ENVIRONMENT - HIGHLIGHTS Starch segment ▪ Overall margin for starch products was successfully held stable thus far, despite the economy-driven challenges ▪ However, due to the significant fall in Platts prices, the performance in the ethanol operations was much weaker than in the
Slide 42: Ethanol and petrol prices
1 JANUARY 2008 – 8 JANUARY 2024 (EUR) ETHANOL AND PETROL PRICES FY 2023|24 € 1600 Average daily ethanol price in EUR/m³ (Ethanol T2 FOB Rdam EUR/cm Platts) Average daily petrol price in EUR/m³ (PREM UNL-10ppm/FOB RDAM BARG Platts) 1500 1400 1300 8 Jan 2024: 1200 Ethanol: 614.0.0 EUR/m3 1100 Petrol:
Slide 43: Starch: raw materials and production highlights
Q1-3 2023|24 RAW MATERIALS AND PRODUCTION - HIGHLIGHTS Starch segment ▪ Raw material prices: decreasing trend on the spot markets ▪ A mainly utilisation-related, significantly poorer showing of the HUNGRANA Group led to an overall decline in Starch segment EBIT for the first three quarters of 2023|2
Slide 44: Commodity prices: wheat & corn
WHEAT & CORN (EURONEXT, PARIS) COMMODITY PRICES FY 2023|24 1 January 2006 – 9 January 2024 (EUR) Wheat (Paris) 9 Jan 2024: 219.5 EUR/t Corn (Paris) 9 Jan 2024: 193.3 EUR/t AGRANA | ODDO BHF Forum | 15 January 2024 44
Slide 45: Sugar
SE G ME N T SUGAR AGRANA | ODDO BHF Forum | 15 January 2024 45
Slide 46: AGRANA Sugar since the end of quotas
BENEFIT FROM THE STRONG MARKET POSITION IN CEE AND SEE AGRANA SUGAR SINCE THE END OF QUOTAS ▪ CEE area will continue to be a “sugar deficit region” (AGRANA is 7 Sugar Plants and located in these main deficit areas) 2 Raw Sugar Refineries ▪ Complexity in logistics and costs from Western Europe are so
Slide 47: Sugar: market environment highlights
Q1-3 2023|24 MARKET ENVIRONMENT - HIGHLIGHTS Sugar segment ▪ Duty-free sugar imports from Ukraine will remain a challenge for AGRANA, at least in the short term ▪ Upward price trend continued to strengthen after the new customer contracts took effect at the start of the 2023|24 sugar marketing year
Slide 48: EU and sugar world market prices
SUGAR PRICE REPORTING EU AND SUGAR WORLD MARKET PRICES € Source: Sugar Market situation; European Commission, published on 21 December 2023 AGRANA | ODDO BHF Forum | 15 January 2024 48
Slide 49: Sugar quotation
RAW SUGAR & WHITE SUGAR SUGAR QUOTATION 1 January 2006 – 9 January 2024 (USD) FY 2023|24 White sugar (LIFFE) 9 Jan 2024: 622.6 USD/t = 568.6 EUR/t Raw sugar (ICE) 9 Jan 2024: 478.4 USD/t = 436.9 EUR/t 1/1/2014 AGRANA | ODDO BHF Forum | 15 January 2024 49
Slide 50: World sugar production & consumption
SUGAR SEGMENT WORLD SUGAR PRODUCTION & CONSUMPTION Million tonnes 200 194.4 187.6 189.5 194.8 189.1 184.8 185.2 187.1 183.5 182.6 181.4 181.2 180.5 179.1 179.8 179.2 180.7 180.7 180.5 180 174.0 160 140 120 100 78.2 74.9 75.4 80 68.9 71.3 69.6 71.2 65.9 65.6 66.9 60 40 20 0 2014|15 2015|16 2016|17 20
Slide 51: Sugar: raw materials and production highlights
Q1-3 2023|24 RAW MATERIALS AND PRODUCTION - HIGHLIGHTS Sugar segment ▪ Beet processing in the 2023 campaign has been good to date, with significantly better capacity utilisation and higher sugar production volumes expected ▪ Negotiations for beet production acreage in 2024 are still in progress; AGR
Slide 52: War in Ukraine
AG R AN A G R O U P WAR IN UKRAINE AGRANA | ODDO BHF Forum | 15 January 2024 52
Slide 53: War in Ukraine
AGRANA GROUP WAR IN UKRAINE ▪ AGRANA in Ukraine since 1997 / 778 employees* ▪ Two sites in Vinnitsa (300 km SW of Kiev) for production of fruit preparations and fruit juice concentrates ▪ Agricultural production plant in Luka ▪ Product sales largely in Ukraine Current situation ▪ Current situation o
Slide 54: AGRANA Fruit Russia
AGRANA GROUP AGRANA FRUIT RUSSIA ▪ AGRANA's presence in Russia is exclusively in the Fruit segment ▪ Production of fruit preparations in Serpuchov, about 100 km south of Moscow ▪ 292 employees* ▪ Sales of products in Russia and other CIS countries ▪ Task as supplier of essential staple foods and obl
Slide 55: Financial exposure in Ukraine and Russia
WAR IN UKRAINE FINANCIAL EXPOSURE IN UKRAINE AND RUSSIA €000 Revenue % of Total % of FTEs % of Group assets Group Group Ukraine 2022|23 24,650 0.7% 21,112 0.7% 778 8.9% Russia 2022|23 73,957 2.0% 47,192 1.6% 292 3.3% Ukraine & Russia 2022|23 98,607 2.7% 68,304 2.3% 1,070 12.3% Ukraine 2021|22 40,463
Slide 56: Financials Q1-3 2023|24
Q 1 - 3 2 0 2 3 |24 FINANCIALS AGRANA Key Figures: www.agrana.com/en/ir/key-figures-agrana- group/key-figures AGRANA | ODDO BHF Forum | 15 January 2024 56
Slide 57: Overview – key figures
Q1-3 2023|24 OVERVIEW – KEY FIGURES Revenue: € 2,947.8 m EBITDA1: € 249.9 m (+7.5%; Q1-3 2022|23: € 2,742.5 m) (+18.5%; Q1-3 2022|23: € 210.8 m) Operating profit2: € 164.8 m EBIT: € 149.4 m (+35.5%; Q1-3 2022|23: € 121.6 m) (+197.6%; Q1-3 2022|23: € 50.2 m) Earnings per share: € 1.16 (>+1,000%; Q1-3
Slide 58: Revenue by segment
Q1-3 2023|24 VS PRIOR YEAR REVENUE BY SEGMENT €m GROUP FRUIT 2,947.8 ▪ Fruit preparations revenue rose for price reasons 2,742.5 ▪ In the fruit juice concentrate activities, revenue remained stable, with lower delivery volumes offset by higher selling 1,178.9 prices 1,094.9 STARCH ▪ Sales were moder
Slide 59: EBIT by segment
Q1-3 2023|24 VS PRIOR YEAR EBIT BY SEGMENT €m FRUIT ▪ As of 30 November 2023, within EBIT, a non-cash impairment loss of about € 16 million was recognised on assets in Asia EBIT margin EBIT margin ▪ In the prior-year comparative period, following an impairment test Q1-3 2022|23 Q1-3 2023|24 at 31 Au
Slide 60: Consolidated income statement
CONSOLIDATED INCOME STATEMENT Q1-3 Q1-3 Q3 Q3 €m (condensed) 2023|24 2022|23 2023|24 2022|23 Revenue 2,947.8 2,742.5 988.3 950.2 EBITDA1 249.9 210.8 86.2 69.6 Operating profit before except. items and results of equity-accounted JV 164.8 121.6 52.1 35.1 Share of results of equity-accounted JV 0.4 17
Slide 61: Financial exposure in Asia
ASSET IMPAIRMENT FINANCIAL EXPOSURE IN ASIA € million Revenue % of Non- % of Equity % of EBIT % of FTEs % of Group current Group Group Group Group assets ASIA 2022|23 107.3 2.9% 64.1 6.2% 9.8 0.8% (4.8) -5.5% 495 5.7% ASIA 2021|22 115.7 4.0% 70.9 6.2% 21.8 1.7% (0.2) -0.6% 523 6.0% China 2022|23 61.
Slide 62: Energy costs in Q1-3 2023|24
ENERGY COSTS IN Q1-3 2023|24 GROUP €m Energy costs Energy mix Q1-3 2023|24 264.6 13% 1% 2% 33.9 12% 216.6 15% 39.3 127.9 9.97 m GJ Energy consumption 104.5 (Scope 1+2) 4% 49% 4% 102.8 72.8 Biomass Biogas Renewable electricity Natural gas (incl. LNG) Q1-3 2022|23 Q1-3 2023|24 Coal and Coke Electricit
Slide 63: Electricity and natural gas prices
PRICE DEVELOPMENT (JANUARY 2010 – JANUARY 2024) ELECTRICITY AND NATURAL GAS € 900 800 Electricity (Power Austria EPEX Spot) Natural Gas (NCG/THE) 700 600 500 400 300 200 100 0 -100 AGRANA | ODDO BHF Forum | 15 January 2024 63
Slide 64: Net financial items | tax rate
NET FINANCIAL ITEMS | TAX RATE Q1-3 Q1-3 €m 2023|24 2022|23 Change Net interest expense (21.7) (6.6) -228.8% Currency translation differences (13.7) (8.9) -53.9% Other financial items (2.3) (3.0) +23.3% Total (37.7) (18.5) -103.8% Q1-3 Q1-3 €m Change 2023|24 2022|23 Profit before tax 111.7 31.7 +252
Slide 65: Investment overview
MOST IMPORTANT PROJECTS IN THE GROUP INVESTMENT OVERVIEW €m GROUP Q1-3 2023|24 70.5 FRUIT 59.2 ▪ Expansion of raw material storage in Jacona, Mexico 25.7 ▪ Expansion of the food service area in Centerville, TN, USA ▪ New wastewater treatment plant in Ostrołęka, Poland 20.5 STARCH ▪ Measures to incre
Slide 66: Consolidated cashflow statement
CONSOLIDATED CASHFLOW STATEMENT Q1-3 Q1-3 €m (condensed) 2023|24 2022|23 Change Operating cash flow before changes in working capital 275.9 205.3 +34.4% Changes in working capital (137.1) (239.9) +42.9% Total of interest paid/received and tax paid (34.0) (18.6) -82.8% Net cash from/(used in) operati
Slide 67: Consolidated balance sheet
CONSOLIDATED BALANCE SHEET €m (condensed) 30 Nov 2023 28 Feb 2023 Change Non-current assets 1,015.2 1,041.0 -2.5% Current assets 2,024.9 1,962.1 +3.2% Total assets 3,040.1 3,003.1 +1.2% Equity 1,273.4 1,256.6 +1.3% Non-current liabilities 569.7 658.3 -13.5% Current liabilities 1,197.0 1,088.2 +10.0%
Slide 68: Financing structure
FINANCING STRUCTURE Due within Due after more €m 30 Nov 2023 1 year than 1 year 28 Feb 2023 Borrowings 812.3 338.5 473.8 820.6 Securities and cash (equivalents) (94.5) (135.7) Net debt 717.8 684.9 Credit lines 1,160 456.3 703.7 1,152 Average effective interest rate 3.84% 2.78% AGRANA | ODDO BHF Foru
Slide 69: Dividend and earnings per share
DIVIDEND AND EARNINGS PER SHARE 3 Dividend for 2022|23: 2.63 € 0.90 per share 3 2.24 EPS adj. 1.78 2 1.85 1.69 1.46 2 1.43 EPS adj. 0.96 0.96 1.00 1 0.77 1.13 0.90 0.90 0.90 0.90 1.00 1.00 0.75 0.85 1 0.45 0.41 0.25 0 (0.20) -1 2012|13 2013|14 2014|15 2015|16 2016|17 2017|18 2018|19 2019|20 2020|21
Slide 70: Financial outlook
2 0 2 3 |24 FINANCIAL OUTLOOK AGRANA | ODDO BHF Forum | 15 January 2024 70
Slide 71: Outlook for 2023|24
AGRANA GROUP OUTLOOK FOR 2023|24 EBIT 2023|24 Revenue 2023|24 ▪ The positive EBIT guidance reflects the robust operating performance in the first three quarters of the financial year. From the fourth quarter of 2023|24 and in the subsequent months, AGRANA sees an increasingly challenging busin
Slide 72: Outlook for 2023|24 by segment
AGRANA SEGMENTS OUTLOOK FOR 2023|24 FRUIT STARCH SUGAR Revenue Revenue Revenue EBIT EBIT EBIT ➔ AGRANA | ODDO BHF Forum | 15 January 2024 72
Slide 73: Investment plan
OUTLOOK FOR 2023|24 INVESTMENT PLAN ▪ Total investment across the three business segments in the 2023|24 financial year, at approximately € 140 million Investment split 2023|24 ▪ Is to significantly exceed both the 2022|23 value and (€ ~140 million) this year’s budgeted depreciation of about € 120 m
Slide 74: Capex evolution
INVESTMENT FOR SUSTAINABLE GROWTH CAPEX EVOLUTION €m GROUP Sugar Starch Fruit Deprec. 183.8 149.8 149.7 140.9 ~140 130.0 116.0 114.7 97.1 102.9 91.2 82.4 72.3 55.9 2010|11 2011|12 2012|13 2013|14 2014|15 2015|16 2016|17 2017|18 2018|19 2019|20 2020|21 2021|22 2022|23 2023|24e AGRANA | ODDO BHF Forum
Slide 75: Financial calendar
2023|24 AND 2024|25 FINANCIAL CALENDAR 14 May 2024 15 July 2024 Results for full year 2023|24 (annual results press conference) Dividend payment date 25 June 2024 10 October 2024 Record date for participation in Annual General Meeting Results for first half of 2024|25 5 July 2024 14 January 2025 Ann
Slide 76: Disclaimer
DISCLAIMER This presentation is being provided to you solely for your information and may not be reproduced or further distributed to any other person or published, in whole or in part, for any purpose. This presentation comprises the written materials/slides for a presentation concerning AGRANA Bet
Slide 77: Contacts
CONTACTS Investor Relations Mr. Hannes Haider Phone: +43-1-211 37-12905 E-mail: investor.relations@agrana.com AGRANA Beteiligungs-AG Friedrich-Wilhelm-Raiffeisen-Platz 1 1020 Vienna, Austria www.agrana.com/en AGRANA Investor Relations: www.agrana.com/en/ir AGRANA | ODDO BHF Forum | 15 January 2024 7