K+S Aktiengesellschaft

2021 Annual General Meeting

Speech of Dr. Burkhard Lohr

Chairman of the Board of Executive Directors

A warm welcome

Important milestones reached

  • Sale of the Americas operating unit
  • Establishment of the REKS joint venture
  • Restructuring of the administration
  • Process optimization and operational excellence
  • Increase in production at all sites

3 2021 Annual General Meeting

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 euros

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2021 Annual General Meeting

Champion in waste management business

REKS

  • Joint venture between Remondis and K+S
  • Profitable business with future prospects
  • Cash inflow: about 90 million euros
  • Book gain: around 200 million euros

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2021 Annual General Meeting

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Disclaimer

K+S AG published this content on 10 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2021 14:57:01 UTC.