Q1-3 2024|25: Präsentation für den Conference Call

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

Results for Q1-3 2024|25

AGRANA Beteiligungs-AG, 14 January 2025

Presentation for investors and analysts

AGRANA Report on Q1-3 2024|25:

www.agrana.com/en/ir/publications

Q1-3 2024|25

Overview - Highlights

• Nine months into the financial year, business performance remains less than satisfactory
• As predicted, EBIT in the third quarter of 2024|25 was very significantly below the year- earlier value, and even slightly negative
• Economic activity in Europe is sluggish and Austria and Germany are in recession
• Volatility on the commodity and energy purchasing side continues to be high
• All in all, a persistently very challenging environment for the whole organisation

• An important positive is that the delivered a solid performance

Fruit segment, despite the difficult economic setting, in the first three quarters

• Sugar segment faces biggest challenges in the Group

A G R A N A | Re s u l t s fo r t h e f i r s t t h r e e q u a r t e r s o f 2 0 2 4 | 2 5 | 1 4 J a n u a r y 2 0 2 5

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Q1-3 2024|25

Overview - Key figures

Revenue: € 2,707.8 m		EBITDA1 : € 138.1 m
-8.1%		-44.7%
(Q1-3 2023|24: € 2,947.8 m)		(Q1-3 2023|24: € 249.9 m)
		EBIT: € 51.1 m
Operating profit2 : € 54.3 m
-67.1%		-65.8%
(Q1-3 2023|24: € 164.8 m)		(Q1-3 2023|24: € 149.4 m)

Earnings per share: € 0.18

-84.5%

(Q1-3 2023|24: € 1.16)

1 EBITDA repres ent s operating profit before exceptional items, results of equity - accounte d JVs, and operating deprec iation and amortisation . 2 Before exceptional items and results of equity - accounted JVs .

A G R A N A | Re s u l t s fo r t h e f i r s t t h r e e q u a r t e r s o f 2 0 2 4 | 2 5 | 1 4 J a n u a r y 2 0 2 5

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"NEXT LEVEL" corporate strategy

Strategy update

• NEXT LEVEL strategy was unanimously decided by the Supervisory Board on 12 Nov 2024
• In light of unfavourable short- to medium-term prospects, new strategy takes on even greater significance in the drive to put AGRANA's earnings back on track
• Core element of NEXT LEVEL is a restructuring of the whole AGRANA Group into a streamlined strategic holding company with two strategic business areas: "Agricultural Commodities &
  Specialties" and "Food & Beverage Solutions"
• Reorganisation into two overarching, interacting business areas enables a thoughtful pooling of competencies within the AGRANA Group and allows the maximum utilisation of existing synergy potential to boost efficiency, innovation and profitable growth
• Initial details on the implementation of the savings impacts of EUR 80 million to EUR 100 million per year resulting from AGRANA NEXT LEVEL, fully effective from FY 2027|28, have already been communicated
• 1st progress report will be presented to the public at our Capital Markets Day on 16 to 17 Jan 2025

A G R A N A | Re s u l t s fo r t h e f i r s t t h r e e q u a r t e r s o f 2 0 2 4 | 2 5 | 1 4 J a n u a r y 2 0 2 5

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"NEXT LEVEL" corporate strategy

Corporate Governance (1)

• A fundamental step in the transformation of the Group is the conversion of the current holding structure into a more streamlined and efficient strategic holding company
• A change already made at Group level as of 12 November is the elimination of the previous individual responsibility of Management Board members for a specific business segment
• Instead, members now share joint responsibility for all segments , and a pure functional reporting structure used
• With the new strategic holding company will come a clear delineation of responsibilities; ensures that the Management Board can focus on strategic management , while operational tasks are executed in the business segments

A G R A N A | Re s u l t s fo r t h e f i r s t t h r e e q u a r t e r s o f 2 0 2 4 | 2 5 | 1 4 J a n u a r y 2 0 2 5

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"NEXT LEVEL" corporate strategy

Corporate Governance (2)

New remits of the Management Board members are as follows:

• Stephan Büttner, CEO: Strategy & Transformation incl. Mergers & Acquisitions (new) , Finance, Commercial Excellence (new), Information Technology, Corporate Communications incl. Corporate Secretariat, Human Resources, Business Development (new), Compliance & Corporate Governance, Legal, and Investor Relations
• Norbert Harringer, CTO: Operational Excellence incl. Occupational Safety and Investment (new) , Purchasing/Logistics/Supply chain (new) , Sustainability, Research & Development, Agricultural Raw Materials, and Quality Management
• Stephan Meeder, CAO: Internal Audit

A G R A N A | Re s u l t s fo r t h e f i r s t t h r e e q u a r t e r s o f 2 0 2 4 | 2 5 | 1 4 J a n u a r y 2 0 2 5

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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

Q1 2024|25

Raw materials and production - Highlights

Fruit segment:

• Juice concentrates: apple harvest is significantly below that of the previous year , at around -20%
• Fruit preparations: AGRANAs global demand for strawberries fully contracted; average purchase prices were moderately lower than in the previous year, mainly due to the sufficient availability of raw materials

Sugar segment:

• High sugar stocks (inventories) and declining sugar selling prices are known issues
• Since the full start of the beet campaign in October 2024, it is becoming apparent that the campaign expenses for the 2024|25 sugar marketing year will be higher than expected, mainly due to lower sugar levels in the beet crop

Starch segment:

• Starch segment's EBIT declined sharply year-on-year, particularly in the last three months as a result of the flood damage of September 2024, which has been assessed

A G R A N A | Re s u l t s fo r t h e f i r s t t h r e e q u a r t e r s o f 2 0 2 4 | 2 5 | 1 4 J a n u a r y 2 0 2 5

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Wheat & Corn (Euronext, Paris)

Commodity prices

1 January 2006 - 10 January 2025

Wheat | Corn (EUR per tonne)
	Q3 Closing /
		29 Nov 2024
	Wheat	209.5 EUR/t
	Corn	203.8 EUR/t

A G R A N A | Re s u l t s fo r t h e f i r s t t h r e e q u a r t e r s o f 2 0 2 4 | 2 5 | 1 4 J a n u a r y 2 0 2 5

FY 2024|25

Wheat (Paris)

10 Jan 2025:

233 . 0 EUR/t

Corn (Paris)

10 Jan 2025:

213 . 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

Q1-3 2024|25

AGRANA Sustainability:

www.agrana.com/en/sustainability