Südzucker : Q1 - 1st quarter 2023/24

Quarterly Statement - First quarter 2023/24

Thomas Kölbl (CFO)

6 July 2023

iStock.com/metamorworks

Disclaimer

This presentation contains forward looking statements. The statements are based on current assumptions and estimates made by the executive board and information currently available to its members. The forward looking statements are not to be viewed as guarantees of the future developments and results presented therein. Future developments and results are in fact dependent on a variety of factors and are subject to various risks and imponderables. They are based on assumptions that could in fact prove to be invalid. The risk and opportunity report in the 2022/23 annual report on pages 96 to 106 presents an overview of the risks. We assume no obligation to update the forward-looking statements made in this presentation.

This presentation includes percentage and number rounding. Typing and printing errors reserved. In addition, all disclaimers published on the Südzucker website apply.

Written and visual value statements are standardized as follows:

➔	/	/	/
± 1 %	± 1-4 %	± 4-10 %	> ± 10 %
stable	slight	moderate	significant

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Südzucker Audio Webcast Q1 2023/24, 6 July 2023

FINANCIAL TRANSPARENCY

Agenda

Financial Highlights Q1 2023/24

Development of Segments

Income statement

Cash flow statement

Balance sheet

Outlook FY 2023/24

Appendix

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Südzucker Audio Webcast Q1 2023/24, 6 July 2023

FINANCIAL TRANSPARENCY

Group income statement

		1st quarter
(mn €)	2023/24	2022/23	+ / - in %
Revenues	2.518	2.275	10,7
EBITDA	356	236	50,8
EBITDA margin	14,1%	10,4%
Depreciation	-74	-73	1,4
Operating result	282	163	73,0
Operating margin	11,2%	7,2%
Result from restructuring/special items	1	2	-50,0
Result from companies consolidated at equity	-2	17	-
EBIT	281	182	54,4
Net earnings attributable to shareholders	164	87	88,5
Earnings per share (€)	0,80	0,43	88,5
Cash flow	295	183	61,2
Investments in fixed assets*	79	65	21,5
Net financial debt	1.952	1.358	43,7
Employees	19.087	18.819	1,4
* Includingintangible assets

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Südzucker Audio Webcast Q1 2023/24, 6 July 2023

FINANCIAL TRANSPARENCY

Financial Highlights - Q1 2023/24

Revenues	2.5 (2.3) bn €	Cash flow
	Sugar:	0.9 (0.7) bn €		295 (183) mn €
	Non-sugar:	1.6 (1.6) bn €

EBITDA	356 (236) mn €	Net Financial Debt
	Sugar:	191 (22) mn €		1,952 (1,358) mn €
	Non-sugar:	165 (214) mn €

Operating Result	282 (163) mn €	Equity ratio
	Sugar:	169 (1) mn €		45 (48) %
	Non-sugar:	113 (162) mn €

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Südzucker Audio Webcast Q1 2023/24, 6 July 2023

FINANCIAL TRANSPARENCY