Jahresergebnisse 2023|24: Präsentation für Analysten und Investoren

T H E N A T U R A L U P G R A D E

Annual Results for 2023|24

AGRANA Beteiligungs-AG, 14 May 2024

Presentation for investors and analysts

AGRANA Online report 2023|24:

reports.agrana.com/en

2023|24 financial year

Solid performance in FY 2023|24

Despite continuing volatile business environment

• We were able to record an operating profit (EBIT) of € 151.0 million (prior year: € 88.3 million) and thus delivered on our guidance of very significantly higher earnings than in the prior year

What moves us forward:

• Our focus on sustainability: our commitment to sustainability and environmental responsibility remains one of our guiding principles (in autumn 2023 the SBTi completed its review of the AGRANA Group's ambitious climate targets)
• Shaping the future: at the AGM on 7 July 2023, the cornerstones of the AGRANA growth strategy were presented; in the coming months we will continue to work intensively on defining the specifics of the company's strategic and organisational direction

Financial outlook for 2024|25

• Key risk factors (including financial ones) for the new, 2024|25 financial year currently remain difficult to assess (e.g. uncertainty regarding Ukrainian sugar imports and high volatility in ethanol prices)
• Increasingly challenging business environment since Q4 2023|24 that we expect to continue, our forecast for 2024|25 calls for a Group EBIT result significantly below that of 2023|24

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2023|24 financial year

Overview - Key figures

Revenue: € 3,786.9 m

+4.1%

(2022|23: € 3,637.4 m)

Operating profit2 : € 176.7 m

+11.6%

(2022|23: € 158.4 m)

EBITDA1 : € 291.1 m

+5.1%

(2022|23: € 277.1 m)

EBIT: € 151.0 m

+71.0%

(2022|23: € 88.3 m)

	Earnings per share: € 1.04
		Dividend3 per share: € 0.90
	+316.0%		+/-0.0%
	(2022|23: EPS € 0.25)		(2022|23: DPS € 0.90)
1	EBITDA repres ent s operating profit before exceptional items, results of equity - accounte d JVs, and operating depreciation and amortisation .
2	Before exceptional items and results of equity - accounte d JVs .
3	Dividend proposal to the Annual General Meeting (5 July 2024) .
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AGRANA Group

Management Board since 1 March 2024

CEO Stephan Büttner	CTO Norbert Harringer	CAO Stephan Meeder
•	Finance (CFO)	•	Production & Investment	• Internal Audit
•	Compliance	•	Quality Management
•	Corporate Secretariat (line	•	Raw Materials
	authority)	•	Research and Development
•	Human Resources	•	Sustainability
•	Investor Relations	•	Responsibility for the Starch
•	IT & Organisation		segment
•	Legal	•	Responsibility for the Sugar
•	Mergers & Acquisitions		segment

• Public Relations
• Purchasing
• Sales
• Strategy and Business policy
• Responsibility for the Fruit

segment

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T H E N A T U R A L U P G R A D E

Raw materials and production

Segments Fruit, Starch and Sugar

2023|24 financial year

Agricultural raw materials processed: 9.0 million tonnes

2%

9%

	Beet	5.7 million tonnes
22%	Raw sugar	0.3 million tonnes
Grain	2.0 million tonnes
3 Mio. t
6 Mio. t	Potato	0.2 million tonnes
64%	Fruits	0.8 million tonnes

3%

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2023|24 financial year

Raw materials and production - Highlights

Fruit segment:

• About 336,000 tonnes of raw materials were purchased for the fruit preparations activities (prior year: 340,000 tonnes); lower consumption of raw materials is explained mostly by reduced demand in the Chinese plants
• 2023 apple crop in the fruit juice concentrate business was slightly reduced from the previous year as there was less availability of raw material in Poland and China

Starch segment:

• Raw material prices: decreasing trend on the spot markets >> see also next slide No. 8
• AGRANA Stärke GmbH processed approximately 26% less corn at the Austrian sites in Aschach and Pischelsdorf than in the year before
• Wheat milling volume at the Pischelsdorf facility for the production of wheat starch and bioethanol was up slightly in 2023|24 from the previous year

Sugar segment:

• Beet processing in the 2023 campaign went well, with significantly better capacity utilisation and a higher sugar production volume than in the previous year
• Further increase in beet planting acreage was achieved in the negotiations with growers for the contract production of beet in 2024

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Wheat & Corn (Euronext, Paris)

Commodity prices

1 January 2006 - 10 May 2024

Wheat | Corn (EUR per tonne)

FY 2023|24

Wheat (Paris)

10 May 2024:

249 . 5 EUR/t

Corn (Paris)

10 May 2024:

207 . 8 EUR/t

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T H E N A T U R A L U P G R A D E

ESG update

2023|2024 financial year

AGRANA Sustainability:

www.agrana.com/en/sustainability

AGRANA Sustainabilty

AGRANA climate strategy

Targets: 1) Net-zero emissions (scope 1+2) by 2040

• 1. Net-zeroemissions (scope 3) by 2050 at the latest
• Verification of emission reduction targets by 2030 through recognised Science Based Targets Initiative (SBTi) in September 2023

Near-termtargets by 2030: 50% abs. reduction of GHG emissions (Scope 1+2) / approx. 34% abs. reduction (Scope 3; incl. future FLAG Guidance) [from 2019|20 base year]

• Investment (scope 1+2): by 2030|31 € 185 million (of which € ~100 million in Austria)

by 2040 at least around € 590 million (of which € ~300 million in AT)

• Key measures:
• • Scope 1+2: ongoing energy efficiency measures, comprehensive green electricity package and, from 2025, use of low-protein raw material residues for energy instead of natural gas
  • Scope 3: measures under development based on AGRANA's own initial emission factors for processed raw materials

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