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FINANCIAL TRANSPARENCY English Version September 2026 Investor Briefing
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FINANCIAL TRANSPARENCY Investor Briefing, September 2026 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 2025/26 annual report on pages 64 to 74 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 % stable / > ± 10 % significant / ± 1-4 % slight / ± 4-10 % moderate 2
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FINANCIAL TRANSPARENCY Overview Investor Briefing, September 20263
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FINANCIAL TRANSPARENCY 27 % 9 % 11 %20 % 33 % Special products CropEnergies Starch Fruit Sugar Investor Briefing, September 2026 100 years of tradition and future – As a diversified and multinational corporation €8.4 bn (Group revenues 25/26) ~ 70% of Group Revenues generated by non-sugar activities Global, diversified with 100 years of company history: • 1837 Founding of the first sugar company • 1926 Founding of Süddeutsche Zucker-AG • ~ 90 production locations across 31 countries • ~ 18,200 employees worldwide • Largest supplier of sugar products in Europe and leader in the food industry and renewable ethanol Majority shareholder & key shareholders: • Süddeutsche Zuckerrübenverwertungs- Genossenschaft eG (SZVG) : 64.93 % • Zucker Invest GmbH: 10.24 % Commitment to investment grade rating Stock exchange listing in Germany: Member of the SDAX A diversified portfolio ensures profitability and resilience 4
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FINANCIAL TRANSPARENCY Investor Briefing, September 2026 We have been shaping change for a century… 1837 1926 1989 1996 2003 2005 2007 2012 2020 2026 From being a regional sugar producer ... … to a globally operating group of companies Formation of the 1st sugar company: Badische Gesell- schaft für Zucker- fabrikation, Waghäusel Foundation of the “Süddeutsche Zucker- Aktiengesellschaft”, Mannheim (Merger of 5 sugar factories) Investment in AGRANA Beteiligungs-AG (serving Austrian and Hungarian sugar and starch markets) Beginning of investment in fruit juice concentrates & fruit preparations by AGRANA Start of production of sustainably produced ethanol in Zeitz; 2006: Founding of CropEnergies Acquisition of majority interest in Freiberger, Berlin (1998: 100% shareholding) Founding of the BENEO Group AGRANA: Joint Venture with AUSTRIA JUICE GmbH Südzucker Group Strategy 2026 PLUS 1998 Foundation of the PortionPack Group Südzucker Group Strategy 2030 5
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FINANCIAL TRANSPARENCY Investor Briefing, September 2026 … and are setting new impulses for the future From heritage to progress – Part of your life We are sugar – and much more. The 100-year history of Südzucker reflects our continuous evolution from a regional sugar producer to a global player in food and energy. Sugar is still a key business area for our group, but we have expanded our activities and are part of the everyday life of millions of people. Our contribution to the future Through our products, we bring the power of plants into everyday life and take responsibility for our society and nature. We aim to find a balance between economic, ecological and social aspects as well as the expectations of our stakeholders. Clear group strategy „Get the Power of Plants“ With the power of plants, we aim to further expand our expertise in the areas of nutrition, energy, and beyond, and strengthen the position as a diversified company – for sustainable and profitable growth. 6
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FINANCIAL TRANSPARENCY Investor Briefing, September 2026 Group Strategy 2030 Vision & Purpose OUR VALUES COLLABORATIONAPPRECIATION PURPOSE „Aus Pflanzen Wert schöpfen – für eine lebenswerte, gesunde und nachhaltige Welt.“ VISION „Wir werden ein führender Partner für pflanzenbasierte Lösungen in Ernährung, Energie und darüber hinaus – entlang der gesamten Wertschöpfungskette.“ RESPONSIBILITY CREATIVITY PURPOSE Creating value from plants – for an enjoyable, healthy and sustainable world. VISION We will become the leading partner for plant-based solutions in nutrition, energy and beyond – along the entire value chain. 7
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FINANCIAL TRANSPARENCY Investor Briefing, September 2026 "From Vision to Value" – Group Strategy 2030 as our next strategic step Our five strategic directions Sustainability Südzucker Group Strategy 2030 aims to strengthen the company’s ability to respond effectively to future challenges and to secure its long-term competitiveness. The strategic guiding principle “Get the Power of Plants” remains a central element and emphasizes the Group’s ambition to leverage the potential of plant-based raw materials to provide innovative and sustainable solutions in nutrition, energy and beyond. Our five strategic directions define the key areas for our future development. They form the core of our strategy and are underpinned by strategic objectives. Plant-based solutions Our people Markets & customers Profitable growth 8
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FINANCIAL TRANSPARENCY Investor Briefing, September 2026 Selected group strategy initiatives © midjourney.com Plant-based proteins Bio-based chemicals 9
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FINANCIAL TRANSPARENCY We deliver tangible results via concrete measures Investor Briefing, September 2026 Further development of the digitalization strategy to increase efficiency through technology AI transformation program aimed at strengthening our competitive position and increasing value creation Improvement of production performance through optimized processes and enhanced cost efficiency Optimization of the entire supply chain with a focus on people, processes, and technology Optimum Digitalization optiChain pAIoneer Restructuring, centralization, and full integration of AUSTRIA JUICE AGRANA „Next Level“ → Annual savings of approximately €150 million achieved Südzucker Group Strategy 2030 sets a clear path for profitable growth under the guiding principle “From Vision to Value” 10
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FINANCIAL TRANSPARENCY Clear priorities underpin profitable growth Investor Briefing, September 2026 Expansion 02Reduction 01 Strengthening 03 Value Enhancement 04 Responsibility 05 Non-Sugar Segments Resilience of Sugar Segment Profitable Growth Sustainability • Reduction of financial debt • Strengthening of balance sheet structure • Enhancement of financial flexibility • Efficiency improvements • Cost optimization • Greater resilience to market volatilities • Increase in profitability • Focus on high-margin products • Value creation for stakeholders • Commitment to environmental and social responsibility • Sustainable supply chain • Long-term value creation Indebtedness ©Champ008 /Shutterstock.com ©FrameVerse786 /Shutterstock.com ©rsool /Shutterstock.com ©Mila Creative /Shutterstock.com ©Zoteva /Shutterstock.com • Diversification of plant- based portfolio • Growth in high-margin markets • Reduction of dependence on market volatilities 11
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FINANCIAL TRANSPARENCY Investor Briefing, September 2026 We leverage a strong European base combined with global reach 46% 22% 32% 61% 28% 47% 65% 32% 31% 17% 36% 22% 9% 8% 55% 17% 13% 59% Sugar Special products CropEnergies Starch Fruit Segments EU (excl. Germany) Germany Rest of the world 8,352 mn € (Group revenues 2025/26) Group 12
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FINANCIAL TRANSPARENCY Our strategic diversification is the foundation to drive lasting stability Investor Briefing, September 2026 Diversified Group – Operating EBITDA 2025/26 (mn €) Diversified portfolio as cornerstone of stability – growing importance of non-sugar activities supports the Group’s earnings performance Disciplined operational execution in a persistently challenging sugar market – continued focus on operational excellence and efficiency Financial stability – supported by strong liquidity, stable equity ratio and a prudent, disciplined financial policy Clear strategic focus on "Get the Power of Plants" – driving resilient, profitable growth while further reducing exposure to cyclical market volatility 13
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FINANCIAL TRANSPARENCY Investor Briefing, September 2026 We combine stability and growth across five segments Sugar Special products CropEnergies Starch Fruit Companies Südzucker, Raffinerie Tirlemontoise, Saint Louis Sucre, Südzucker Moldova, Südzucker Polska, AGRANA BENEO – Freiberger – PortionPack Group CropEnergies AGRANA AGRANA – AUSTRIA JUICE Products Sugar, sugar specialties, glucose syrups, animal feed Ingredients offering additional benefits for food, baby food, animal nutrition, non-food and pharmaceuticals – Convenience Food – Portion packs (food/non-food), contract manufacturing & packaging Fuel-grade ethanol, neutral alcohol, protein-based food and animal feed, liquid CO2 Native and modified starches, saccharification products, ethanol, by-products (animal feed and fertilizers) Fruit preparations – Fruit juice concentrates, not- from-concentrate juices, fruit wines, natural flavors and beverage compounds Production 21 sugar factories, 2 refineries, 1 wheat starch plant in Europe 21 production sites worldwide 4 production sites in Belgium, France, Germany and UK 5 production sites in Austria, Hungary and Romania 37 production sites worldwide Customers Food industry, retailers, agriculture Food, baby food, animal nutrition, pharmaceutical industries – Food retailers – Hotels, restaurants, caterers (food service), food industry Oil companies and traders, food and animal feed producers, beverage and cosmetics producers, industrial and pharmaceutical companies Food, paper, textiles, industrial chemicals, pharmaceuticals, cosmetics, petroleum and animal feed industries Dairy, ice cream and baked goods industries, food service industry – Beverage industry 14
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FINANCIAL TRANSPARENCY Investor Briefing, September 2026 We are leaders in numerous markets PortionPack ~ 0.2 bn € Fruit preparations ~ 1.4 bn € Fruit juice concentrates ~ 0.3 bn € Functional Food ~ 0.8 bn € © iStock © lisa870/stock.adobe.com Starch ~ 0.9 bn € © lisa870/stock.adobe.com Pizza ~ 1.3 bn € Renewable ethanol ~ 0.8 bn € Sugar ~ 2.8 bn € © FoodImpressions/Shutterstock.com © Mr.andmrs.Black/Shutterstock.com © YuliaDavidovich/Shutterstock.com © zarzamora/Shutterstock.com © zi3000/Shutterstock.com © zedspider/Shutterstock.com © ANEK SANGKAMANEE4/Shutterstock.com © Hellma Financial Year2025/26 15
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FINANCIAL TRANSPARENCY Investor Briefing, September 2026 Our diversified portfolio balances risk across volatile and cyclical markets White Sugar World Market (€/t) Ethanol Europe (€/m³) ©grafvision/Shutterstock.com ©zedspider/Shutterstock.com 300 550 800 1,050 1,300 1,550 2007 2010 2013 2016 2019 2022 2025 Platts, S&P Global Energy 16
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FINANCIAL TRANSPARENCY A changing environment opens up new growth opportunities Investor Briefing, September 2026 ... these factors could lead to ongoing, pronounced fluctuations in results throughout the year Further increase of the already high volatilities across sales and procurement markets, e.g. supply chains, energy market, etc. Market environment remains challenging with potential direct and indirect impact, e.g. duty- free EU access for agricultural goods (Mercosur, Ukraine etc), geopolitical tensions and international trade conflicts, US customs turmoil… © calvindexter/Shutterstock.com © Watch/Shutterstock.com © PERO studio/Shutterstock.com 17
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FINANCIAL TRANSPARENCY Current developments and key topics in the political environment © midjourney.com, von KI erstellt Investor Briefing, September 2026 Trade & Agriculture Additional duty-free import quotas resulting from trade agreements Active inward processing (IPP) distorts market dynamics and puts pressure on the EU sugar industry Open markets require fair rules and a level playing field Nutrition Introduction of a sugar tax in Germany Effectiveness of unilateral tax measures remains questionable Focus on consumer education and a holistic approach to promoting healthier diets Sustainability Sustainability remains a key priority; important milestones achieved Progress towards approval of higher ethanol blends in fuels (E20) Reliable regulatory frameworks and planning certainty remain essential 18
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FINANCIAL TRANSPARENCY Investor Briefing, September 2026 Executive Summary 19
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FINANCIAL TRANSPARENCY Investor Briefing, September 2026 Strong balance sheet and equity base despite lower earnings in financial year 2025/26 Group key figures financial year 2025/26 Cash flow from operating activities 462 [906] mn € Working Capital 2,253 [2,485] mn € Net Financial Debt 1,750 [1,654] mn € Equity Ratio 41.7 [42.4] % Revenues 8,352 [9,694] mn € Operating EBITDA 535 [723] mn € Operating Result 163 [350] mn € [ ] refers to KPIs for the corresponding period of the previous financial year ROCE 2.7 [5.2] % 20
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FINANCIAL TRANSPARENCY Investor Briefing, September 2026 Financial year 2025/26 – Segment performance * +/- in % refers to the year-on-year comparison with the same financial period (mn €) 2025/26 2024/25 + / – in % Revenues 8,352 9,694 -13.8 Operating EBITDA 535 723 -26.0 Operating Result 163 350 -53.4 Revenues 2,786 3,876 -27.5 Operating EBITDA -17 146 - Operating Result -177 -13 > 100 Revenues 2,216 2,275 -2.6 Operating EBITDA 266 288 -7.6 Operating Result 177 203 -12.8 Revenues 793 959 -17.3 Operating EBITDA 71 65 9.2 Operating Result 37 22 68.2 Revenues 911 955 -4.6 Operating EBITDA 69 83 -16.9 Operating Result 21 36 -41.7 Revenues 1,646 1,629 1.0 Operating EBITDA 146 141 3.5 Operating Result 105 102 2.9 Fruit Special products Crop- Energies Starch Group Sugar • Operating Group EBITDA significantly below prior year • Sugar segment with significant decline; lower sugar prices and sales volumes despite lower production costs • Special products segment below prior year • CropEnergies segment significantly above prior year despite challenging market conditions • Starch segment significantly below prior year • Fruit segment with further increase in earnings building on a successful prior year 21
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FINANCIAL TRANSPARENCY Revenues Operating EBITDA 2025/26 2026/27 2025/26 2026/27 Sugar 704 mn € 629 mn € –34 mn € –21 mn € Special products 554 mn € 558 mn € 66 mn € 68 mn € CropEnergies 206 mn € 195 mn € 4 mn € 24 mn € Starch 245 mn € 228 mn € 15 mn € 20 mn € Fruit 444 mn € 448 mn € 45 mn € 44 mn € Group 2,153 mn € 2,058 mn € 96 mn € 135 mn € Investor Briefing, September 2026 Financial year 2026/27 – Group overview 1st quarter 22
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FINANCIAL TRANSPARENCY Investor Briefing, September 2026 Outlook for financial year 2026/27 – Group key figures 2025/26 2026/27e Operating EBITDA 535 mn € 480 – 680 mn € Operating Cash Flow 462 mn € > Previous year Investments in Fixed Assets 450 mn € < Previous year Net Financial Debt 1,750 mn € ~ Previous year Capital Employed 6,019 mn € ~ Previous year ROCE 2.7% > Previous year Equity Ratio 41.7% ~ Previous year 23
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FINANCIAL TRANSPARENCY Investor Briefing, September 2026 Outlook for financial year 2026/27 – Segments The first Group forecast for the 2026/27 financial year was published on December 16, 2025. Revenues Operating EBITDA 2025/26 2026/27e 2025/26 2026/27e Sugar 2.8 bn € -17 mn € - 60 to + 40 mn € Special products 2.2 bn € 266 mn € CropEnergies 0.8 bn € 71 mn € Starch 0.9 bn € ➔ 69 mn € Fruit 1.6 bn € 146 mn € Group 8.4 bn € 8.1 – 8.5 bn € 535 mn € 480 – 680 mn € incl. Group holding 24
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FINANCIAL TRANSPARENCY Investor Briefing, September 2026 Capital Market and Financing 25
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FINANCIAL TRANSPARENCY Investor Briefing, September 2026 Our commitment to investment grade rating remains our highest priority BBB-* Negative outlook * A – 3 * Long-term rating Short-term rating Baa3 ** Negative outlook ** P – 3 ** Long-term rating Short-term rating * since 21 May 2026 ** since 22 December 2025 A solid financing structure, sustainable cash flows, and strong investor and banking relationships underpin our investment-grade rating 26
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FINANCIAL TRANSPARENCY Investor Briefing, September 2026 A strong liquidity position underlines our financial stability and strategic execution Broad financing base via hybrid equity, bonds, promissory notes, bank loans, and factoring. Financial discipline and active liquidity management via reduced capex, flexible short-term liquidity (commercial paper) and suspended dividend for FY 25/26 Additional liquidity reserves via unused syndicated credit lines and bilateral banking arrangements. Stable liquidity buffers to strengthen our investment grade rating. Liquidity profile 2025/26 (mn €) Q4 2022/23 Q4 2023/24 Q4 2024/25 Q4 2025/26 Net financial debt -1,864 -1,795 -1,654 -1,750 Cash & Cash equivalents / securities 419 425 744 407 Gross financial debt -2,283 -2,220 -2,398 -2,157 Long-term financial debt -1,540 -1,637 -1,432 -1,575 Short-term financial debt -628 -482 -874 -492 Leasing -115 -102 -92 -90 Bank credit lines 754 1,167 948 897 undrawn 324 448 502 474 Syndicated loan 600 600 600 800 undrawn 600 600 600 800 Syndicated loan Agrana 400 400 365 250 undrawn 260 400 315 250 Commercial paper program 600 600 600 600 undrawn 600 600 600 354 Bank credit lines (undrawn) 324 448 502 474 + Cash & cash equivalents / securities 419 425 744 407 + Syndicated loan (undrawn) 860 1,000 915 1,050 + Commercial paper (undrawn) 600 600 600 354 = Total liquidity reserves 2,202 2,473 2,761 2,284 27
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FINANCIAL TRANSPARENCY 83 91 50 3440 200 179 575 400 2026 2027 2028 2029 2031 2032 Promissory notes Final loans EUR bond 5.125% EUR bond 4.125% EUR bond 4.375% Investor Briefing, September 2026 Strengthened financial foundation through forward-looking financing measures (mn €) ▪ Successfully priced 400 mn € corporate bond maturing in 2031 ▪ Reduced outstanding principal amount of the sustainability bond from 400 mn € to 179 mn € ▪ Successful tap of 75mn € in March 2026 on initial 500 mn € bond, with remaining term of 6 years until 2032 ▪ AGRANA signed new 200 mn € credit line via OeKB in June 2026 (5 year term) to refinance maturities in 2026 & 2027 ▪ Successful extension of 800 mn € syndicated loan until 2031 Key financial instruments and maturity profiles * Maturity: May 2031/800 mn €, December 2028/250 mn € ** Following a tender offer launched on 26 May 2026, the outstanding principal amount of the bond was reduced from the original EUR 400 million to EUR 178.7 million Commercial Paper Program 600 mn€ (perpetual) Syndicated credit lines 1,050 mn€ * Hybrid bond 700 mn€ (perpetual); fixed interest rate: 5.95% p.a. until the first call option on August 30, 2030 Corporate bond pricing in May 2026 ** ✓ Very solid maturity profile ✓ Successful implementation of financing modernization in 2025 and 2026 Refinanced via new corporate bond Fully refinanced via new OeKB credit line Successful tap of 75 mn € (March 26) 28
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FINANCIAL TRANSPARENCY Investor Briefing, September 2026 Our Segments 29
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FINANCIAL TRANSPARENCY Investor Briefing, September 2026 We are a broadly diversified company with a system-relevant role in both food and energy Sugar Special products CropEnergies Starch Fruit Our segments 30
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FINANCIAL TRANSPARENCY Investor Briefing, September 2026 Sugar Segment © envato-elements/baliukhpavlo At a glance Segment KPIs 2025/26 Measures ✓ Aligned capacities with market conditions – reduced production acreage and discontinued production at two sites (Leopoldsdorf, Austria; Hrušovany, Czech Republic) ✓ Enhanced efficiency and cost structure – extensive measures implemented via multiple efficiency programs ✓ Strengthened position for further growth – structural measures provide solid foundation for competitive market positioning as EU sugar prices remain volatile • “Competitive in Commodities”: enhanced value chain from field to customer • Focus on EU sugar market • Growth via supply of sustainably produced sugar and sugar-reduced products and starch-based sweeteners • Leverage of opportunities by offering sustainable non-food applications and sugar beet products and by-products (e.g. BeetKraft ® from sugar beet for paper and packaging industry) Strategy Revenues 2,786 mn € Operating EBITDA -17 mn € ROCE -6.8 % 31
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FINANCIAL TRANSPARENCY Revenues (mn €) Operating EBITDA (mn €) Investor Briefing, September 2026 Sugar Segment © envato-elements/baliukhpavlo Financial year 2025/26 and outlook - 60 to + 40 mn € 32
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FINANCIAL TRANSPARENCY Investor Briefing, September 2026 Global Sugar Balance Surplus Deficit Global sugar balance per sugar marketing year (SMY) Years refer to the sugar marketing year SMY (01 Oct to 30 Sept); Source: GlobalData 09/2026 (mn t) 33 2022/23: Market with small deficit (-0.4 mn t) • Low stock levels remain 2023/24: Market with surplus (+4.7 mn t) • Further production increase – particularly in Brazil, China and Europe • Low stock levels remain, but are increasing 2025/26e: Market with surplus (+0.8 mn t, 08/26 estimate: 1.7 mn t) • Production increase, particularly in India, Thailand, Pakistan and China • Lower than expected production increase in Brazil • Increasing stock levels 2026/27e: Market with deficit (-0.2 mn t, 08/26 estimate: -2.2 mn t) • Production decrease, particularly in Brazil, Thailand, China and EU • Slightly declining stock levels 2024/25e: Market with deficit (-1.1 mn t, 08/26 estimate: -1.2 mn t) • Production decrease, particularly in India and Brazil • Declining stock levels
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FINANCIAL TRANSPARENCY EU sugar balance and campaigns Investor Briefing, September 2026 EU 27 sugar balance per sugar marketing year (SMY) (mn t) Years refer to the SMY (01 Oct to 30 Sept); Source: EU Commission, 08/2026 without isoglucose; Production of isoglucose ranges between 400-600kt / year 2023/24 • Cultivation expansion ~6%, recovery of yields • Market impact from duty-free Ukraine imports, but generally declining imports • Significant increase in exports • EU 2023/24 net exporter 2024/25e • Cultivation expansion ~7% • Increase in sugar production by 1.0 mn t • High exports with declining imports • EU 2024/25e (significant) net exporter 2025/26e • Cultivation reduction ~11%, above-average yields • Higher sugar production than expected • Higher exports from the EU needed again • Significantly higher ending stocks 2022/23 • Sugar balance significantly in deficit, despite increase in Ukraine imports (high import demand → high import duties) 2026/27e • Cultivation reduction ~8% • Lower production expected • Structural decline in sugar consumption • Reduction of ending stocks expected 34
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FINANCIAL TRANSPARENCY Development of sugar prices world vs. EU Investor Briefing, September 2026 €/t 35
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FINANCIAL TRANSPARENCY At a glance Segment KPIs 2025/26 ✓ Leverage of health-driven growth – capture opportunities driven by persistent health & plant-based nutrition trends ✓ Strengthening of sales network – enhanced and regionally tailored sales structures ✓ Further expansion of co-packing and co- manufacturing ✓ Advanced sustainable packaging ✓ Sales expanded into new markets ✓ Expansion of portfolio and marketing / sales footprint – focus on plant- based/ready-to-go / -to-eat concepts ✓ Expansion of capacities and market presence – expansion into Australia, Germany (Berlin) and UK, further generation of profitable growth in the US • Growth through rising health and plant- based nutrition trends • Expansion in dynamic markets such as Asia • Diversification of portfolio via innovation & partnerships Strategy Measures • Expansion of a flexible product portfolio and new sales channels • Strengthening innovation and sustainable production processes • Enhancement of market position, capacity expansion (Europe and North America) and new opportunities in untapped markets • Focus on expanding the product portfolio with sustainable packaging • Continued growth in wholesale and food service • Strengthening of market position in Europe and expansion of activities in Southern Africa Revenues 2,216 mn € Operating EBITDA 266 mn € ROCE 9.5 % Special Products Segment Investor Briefing, September 2026 ©Photoongraphy / Shutterstock.com 36
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FINANCIAL TRANSPARENCY Revenues (mn €) Operating EBITDA (mn €) Financial year 2025/26 and outlook Special Products Segment Investor Briefing, September 2026 ©Photoongraphy / Shutterstock.com 37
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FINANCIAL TRANSPARENCY At a glance Segment KPIs 2025/26 Measures ✓ Continuous expansion of core activities in product portfolio – production of renewable ethanol, neutral alcohol, protein-rich food and feed, biogenic CO2 , biobased chemicals ✓ Significant contribution and alternative energy solution – reduction of emissions via higher ethanol blends and bioethanol adoption as alternative energy source • Expansion of new perspectives (e.g. biobased chemicals) by drawing on group’s R&D expertise in processes and raw materials • Development of new collaborations with customers, suppliers, partners • Use of regional raw materials and supply chains in our core business area of Europe Strategy Revenues 793 mn € Operating EBITDA 71 mn € ROCE 7.3 % CropEnergies Segment Investor Briefing, September 202638 ©hxdbzxy / Shutterstock.com 38
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FINANCIAL TRANSPARENCY Revenues (mn €) Operating EBITDA (mn €) Financial year 2025/26 and outlook Investor Briefing, September 202639 ©hxdbzxy / Shutterstock.com CropEnergies Segment 39
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FINANCIAL TRANSPARENCY Investor Briefing, September 2026 European ethanol prices* in the first half of financial year 2026/27 • Average ethanol price around 805 (620) €/m³ • Disruption of international supply chains caused by geopolitical tensions in the Middle East • Significantly higher energy prices and price volatility due to ongoing uncertainties • Ethanol prices followed this trend Grain market in the first half of financial year 2026/27 • Grain prices** approx. 210 (205) €/t • EU grain harvest in 2026/27 is expected to exceed consumption of 260 (260) million tonnes at 263 (290) million tonnes • IGC expects global grain harvest*** of 2,416 (2,493) million tonnes European ethanol prices (€/m3) Source: Platts, S&P Global Energy Euronext Paris wheat (€/t) Source: Euronext Paris * Platts Ethanol T2 FOB Rdam, next expiry date;** Wheat (Euronext Paris), next expiry date; all varieties, excluding rice Market development – ethanol and wheat EU 500 600 700 800 900 1000 Mar May Jul Sep Nov Jan Mar FY 24/25 FY 25/26 FY 26/27 150 175 200 225 250 275 300 Mar May Jul Sep Nov Jan Mar FY 24/25 FY 25/26 FY 26/27 CropEnergies Segment 40
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FINANCIAL TRANSPARENCY 1.3 2.7 2.7 2.9 3.2 3.4 3.6 0 1 2 3 4 2021 2022 2023 2024 2025 2026e 2027e Net-imports EU27 & UK (million m³) Source: S&P Global Energy (2026) Investor Briefing, September 2026 Ethanol market in EU-27 & UK in 2026 (in Mm³) • Production: 8.0 | +/- 0% (6.3 fuel | 1.7 neutral alcohol) • Consumption: 11.5 | 1% (9.2 fuel | 2.3 neutral alcohol) • A further increase in fuel ethanol sales is expected in 2027 • Sales of neutral alcohol to remain relatively stable Imports to Europe are expected to increase further • Price difference makes imports to Europe attractive • Strong increase of duty-free U.S. imports due to the trade agreement with the UK • Europe needs imports to meet rising demand, but a level playing field is needed EU27 & UK: Ethanol sales (million m³) Market development – ethanol sales and net imports EU & UK 8.4 9.1 9.2 9.3 1.5 1.4 1.4 1.41.0 1.0 0.9 0.9 10.9 11.4 11.5 11.7 0 3 6 9 12 2024 2025 2026e 2027e Fuel Industrial Potable CropEnergies Segment 41
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FINANCIAL TRANSPARENCY Investor Briefing, September 2026 Source: Eurostat Trade agreements EU: Mercosur Trade Agreement • Duty-free quota of 450kt: chemical industry • 200kt at 1/3 of the most-favoured-nation tariff rate for all other uses (incl. fuel) • Both quotas to be introduced over 5 years EU: Political agreement in the customs dispute with the USA • No tariff relief for US ethanol imports EU: Duty-free import quotas for Ukraine, Canada, Guatemala and Pakistan (till mid 25) UK: Trade agreement with USA in force • Duty-free quota of 1.4 Mm³ per year - equivalent to the fuel ethanol market in the UK Trade agreements & regulatory developments CropEnergies Segment Positive regulatory development EU & Germany: • EU: The European Commission is considering the introduction of E20 • DE: Further Development of the GHG Quota – law published on 1 June 2026 – extension of GHG quota until 2040, stepwise increase of crop cap and minimum share of advanced biofuels, elimination of double counting of advanced biofuels, planned phase-out of multiple counting of electricity and RFNBOs Brazil: Increase of ethanol blending rate from 27 to 30% (E30) last year, currently considerations to further increase to 32%, supporting stronger domestic demand USA: Approval of year-round E15 use, underpinning domestic ethanol demand EU: Ethanol Imports by country of origin (million m³) 19% 22% 19% 28% 41% 1.5 2.1 2.1 2.0 2.0 0.0 0.6 1.2 1.8 2.4 2021 2022 2023 2024 2025 USA Pakistan UK Guatemala Canada Ukraine Peru Brazil Others 2.4 1.8 1.2 0.6 0.0 42
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FINANCIAL TRANSPARENCY Investor Briefing, September 2026 © Shutterstock.com/hxdbzxy Emissions Trading System (ETS) • More ambitious GHG reduction target of 62% • Separate system for buildings, road transport and fuels • Introduction has been postponed – will not start until 2028 Fit-for-55: Overall target of reducing greenhouse gas emissions by 55% by 2030 Renewable Energy Directive (RED III) • Share of renewable energies to increase to 42.5% overall • More renewable energies in industry, heating and cooling and transport ReFuel EU aviation and Fuel EU maritime • Sustainable aviation fuels (SAF) and GHG savings in marine fuels • Exclusion of biofuels from arable crops factually incomprehensible CO2 standards for cars and vans • Proposal EU Commission: Approval of new cars with combustion or hybrid engines if CO₂ emissions are reduced by at least 90% compared to 2021 – offset of the remaining 10% through CO₂ compensation measures (e.g. "green steel", e-fuels) Green Deal and “Fit-for-55” Package – European legal framework until 2030 CropEnergies Segment 43
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FINANCIAL TRANSPARENCY At a glance Segment KPIs 2025/26 Measures ✓ Prioritization of cost efficiency – from raw material sourcing to production ✓ Implementation of AGRANA NEXT LEVEL strategy – Continuous process, technology and cost optimization ✓ Ongoing value creation with products tailored to specific applications (e.g. food, technical sector or building materials industry) with high degree of refinement and clear customer focus • Organic growth and creation of added value via application-oriented solutions • Process, technology and cost optimization • Further focus on higher-margin specialty products and strengthening of competitiveness Strategy Revenues 911 mn € Operating EBITDA 69 mn € ROCE 6.1 % Starch Segment Investor Briefing, September 2026 ©NewAfrica / Shutterstock.com 44
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FINANCIAL TRANSPARENCY Starch Segment Revenues (mn €) Operating EBITDA (mn €) Financial year 2025/26 and outlook ➔ Investor Briefing, September 2026 ©NewAfrica / Shutterstock.com 45
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FINANCIAL TRANSPARENCY At a glance Segment KPIs 2025/26 ✓ Further growth via close collaboration with customers and targeted development of high-margin, customer-specific solutions ✓ Market expansion via organic growth and targeted M&A (successful acquisition of food group Mercator-Emba in Slovenia) ✓ Ongoing process, technology and cost optimization – as part of AGRANA NEXT LEVEL • Expansion of international customer proximity and outperformance of market growth • Strengthening of global presence in existing markets • Expansion of sales in global beverage market • Offering of specific solutions for customers Measures Strategy Revenues 1,646 mn € Operating EBITDA 146 mn € ROCE 14.9 % Fruit Segment Investor Briefing, September 2026 © envato-elements/Prostock-studio / Shutterstock.com 46
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FINANCIAL TRANSPARENCY Revenues (mn €) Operating EBITDA (mn €) Financial year 2025/26 and outlook Fruit Segment Investor Briefing, September 2026 © envato-elements/Prostock-studio / Shutterstock.com 47
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FINANCIAL TRANSPARENCY Investor Briefing, September 2026 Sustainability 48
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FINANCIAL TRANSPARENCY What we achieved in 2025/26 — Continuation and further development of the Impact Area programs — Emissions reduction: Switch to biogas for climate-neutral sugar production in Strzelin — Sustainable farming: Climate farming project (Südzucker, Beneo, and Puratos) — Attractive workplace: Leadership programs and Empowering Women network — Further development of the central human rights management approach (integration into additional processes, human rights policy, employee trainings) — Founding member of the BMAS sector dialogue on human rights — Recalculation of the emissions base year in accordance with CSRD and SBTi requirements — Continuous improvement in ESG ratings, such as EcoVadis (silver) or ISS ESG (prime status C+ for the first time) — Completion of the CSRD-compliant sustainability report Key priorities for 2026/27 — Development of further sustainability targets — Continued engagement in the sector dialogue on human rights — Expansion of climate change scenario analysis to additional crops — Submission of separate SBTi FLAG targets (Forest, Land, and Agriculture) Sustainability – Our milestones 2025/26 Investor Briefing, September 202649
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FINANCIAL TRANSPARENCY Emissions reduction We strive for net climate neutrality by continuously reducing our greenhouse gas emissions in cooperation with our partners. Sustainable farming Together with farmers, we are committed to develop more sustainable agriculture by focusing on improving soil health, biodiversity, climate and water resources while strengthening family farming. Responsible sourcing We increase the resilience of our supply chains by advocating social and environmental concerns and by fostering responsible supplier relationships. Safe operations We create a working environment and safety culture that puts people’s health and safety first by continuously optimizing our production facilities and constantly focusing on safe behavior. Responsible water use We use water responsibly by minimizing our consumption and using the water contained in agricultural commodities in our processes Circular economy We generate value by making full use of agricultural commodities, minimizing waste and packaging, and thereby promoting the circular economy. Conscious consumption We foster responsible consumer behavior by offering innovative, high-quality products and services and encouraging their responsible and enjoyable use. Attractive workplace As an employer of choice, we create an attractive workplace by using diversity as a strength and promoting participation and individual development. Sustainability program – eight impact areas Within Südzucker Group, we focus on eight impact areas Investor Briefing, September 202650
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FINANCIAL TRANSPARENCY Investor Briefing, September 2026 Why invest in us? We unite the “Power of Plants” in a diversified portfolio built for profitable growth We strengthen efficiency and agility — with a system-relevant, diversified portfolio spanning food and energy for sustainable, long-term growth. We stand for stability and reliability – built over 100 years as “part of your life” We master change with confidence — powered by financial discipline, sustainable growth, and a trusted brand. We grow in future-driven markets We actively shape expanding markets — with solutions for plant-based nutrition, convenience, and renewable energy. We stay on course We follow a clear strategy to secure our investment-grade rating — through disciplined capital management, targeted investments, and a solid balance sheet. We combine European strength with global reach As a leading global company in the food industry and one of the foremost producers of ethanol with a worldwide production and distribution network, we leverage economies of scale while staying closely connected to our customers. 51
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FINANCIAL TRANSPARENCY