Slides
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Half Year Financial Report 1st Half Year 2026/27 Dr. Stephan Meeder (CFO) Andreas Rothe (Head of Investor Relations) 08 October 2026
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FINANCIAL TRANSPARENCY Südzucker Audio Webcast H1 2026/27, 08 October 20262 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
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FINANCIAL TRANSPARENCY Südzucker Audio Webcast H1 2026/27, 08 October 20263 Dr. Stephan Meeder CFO Südzucker AG Andreas Rothe Head of Investor Relations Südzucker AG
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FINANCIAL TRANSPARENCY 1 H1 2026/27 at a glance Südzucker Audio Webcast H1 2026/27, 08 October 20264 Agenda
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FINANCIAL TRANSPARENCY Südzucker Audio Webcast H1 2026/27, 08 October 20265 Financial highlights Q2 2026/27 IMPROVED PERFORMANCE IN Q2 • Significant increase in operating Group EBITDA to € 168 million in Q2 2026/27 • CropEnergies and Special products segments as main earnings drivers • CropEnergies: earnings particularly benefited from higher ethanol prices; Special products: earnings increase primarily attributable to higher sales volumes REFINED GROUP GUIDANCE FY 2026/27 • Improved Group revenue guidance now ranges between € 8.3-8.7 billion • Guidance range for operating Group EBITDA narrowed to € 540-680 million FINANCIAL TRANSPARENCY © Romolo Ttavani/shutterstock.com
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FINANCIAL TRANSPARENCY Südzucker Audio Webcast H1 2026/27, 08 October 20266 Group overview H1 2026/27 Cash Flow from Operating Activities 441 [255] € million Working Capital 2,038 [2,256] € million Net Financial Debt 1,588 [1,674] € million Equity Ratio 44.5 [45.1] % Revenues 4,188 [4,199] € million Operating EBITDA 303 [189] € million [] figures in brackets refer to KPIs from the same period of the prior financial year
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FINANCIAL TRANSPARENCY 2 Development of segments Südzucker Audio Webcast H1 2026/27, 08 October 20267 Agenda
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FINANCIAL TRANSPARENCY Südzucker Audio Webcast H1 2026/27, 08 October 20268 Overview of segments * +/- in % refers to the year-on-year comparison with the same financial period (€ million) 2026/27 2025/26 +/- in % (*) 2026/27 2025/26 +/- in % Revenues 2,130 2,046 4.1 4,188 4,199 -0.3 Operating EBITDA 168 93 80.6 303 189 60.3 Operating result 91 20 > 100 153 42 > 100 Revenues 640 685 -6.6 1,269 1,389 -8.6 Operating EBITDA -3 -12 -75.0 -24 -46 -47.8 Operating result -23 -33 -30.3 -63 -89 -29.2 Revenues 573 522 9.8 1,131 1,076 5.1 Operating EBITDA 72 49 46.9 140 115 21.7 Operating result 49 27 81.5 93 71 31.0 Revenues 243 196 24.0 438 402 9.0 Operating EBITDA 44 1 > 100 68 4 > 100 Operating result 35 -8 – 51 -13 – Revenues 228 229 -0.4 456 474 -3.8 Operating EBITDA 16 14 14.3 36 29 24.1 Operating result 4 2 100.0 12 5 > 100 Revenues 446 414 7.7 894 858 4.2 Operating EBITDA 39 41 -4.9 83 87 -4.6 Operating result 26 32 -18.8 60 68 -11.8 Group Sugar Starch Fruit Special products CropEnergies Q2 H1
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FINANCIAL TRANSPARENCY Südzucker Audio Webcast H1 2026/27, 08 October 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 (million t) 9 2022/23: Market with small deficit (-0.4 million t) • Low stock levels remain 2023/24: Market with surplus (+4.7 million t) • Further production increase – particularly in Brazil, China and Europe • Low stock levels remain, but are increasing 2025/26e: Market with surplus (+0.8 million t, 08/26 estimate: 1.7 million 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 million t, 08/26 estimate: -2.2 million t) • Consumption increase higher than production increase, therefore small deficit is expected • Slightly declining stock levels 2024/25e: Market with deficit (-1.1 million t, 08/26 estimate: -1.2 million t) • Production decrease, particularly in India and Brazil • Declining stock levels
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FINANCIAL TRANSPARENCY EU sugar balance and campaigns Südzucker Audio Webcast H1 2026/27, 08 October 2026 EU 27 sugar balance per sugar marketing year (SMY) (million t) Years refer to the SMY (01 Oct to 30 Sept); Source: EU Commission, 08/2026 without isoglucose; Production of isoglucose ranges between 400-600 kt / 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 2024/25 • Cultivation expansion ~7% • Increase in sugar production by 1.0 million 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 • 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 ~8.5% • Lower production expected • Structural decline in sugar consumption • Reduction of ending stocks expected 10
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FINANCIAL TRANSPARENCY Development of sugar prices world vs. EU Südzucker Audio Webcast H1 2026/27, 08 October 2026 €/t 11
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FINANCIAL TRANSPARENCY Südzucker Audio Webcast H1 2026/27, 08 October 202612 Sugar segment – Development H1 2026/27 Operating EBITDA • Significant improvement • Mainly driven by further reductions in production costs during the 2025 campaign • Higher idle capacity costs due to weaker drought-related crop expectations for the 2026 campaign Revenues • Moderate decline • Decline attributable to both further lower sugar prices and lower sales volumes * +/- in % refers to the year-on-year comparison with the same financial period (€ million) 2026/27 2025/26 + / – in % 2026/27 2025/26 +/- in % Revenues 640 685 -6.6 1,269 1,389 -8.6 Operating EBITDA -3 -12 -75.0 -24 -46 -47.8 Operating EBITDA margin -0.5% -1.8% -1.9% -3.3% Depreciation -20 -21 -4.8 -39 -43 -9.3 Operating result -23 -33 -30.3 -63 -89 -29.2 Q2 H1
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FINANCIAL TRANSPARENCY Südzucker Audio Webcast H1 2026/27, 08 October 202613 Special products segment – Development H1 2026/27 Operating EBITDA • Significant increase • Higher sales volumes and partly lower costs more than outweighed the impact of partly lower prices Revenues • Moderate increase • Driven by higher sales volumes * +/- in % refers to the year-on-year comparison with the same financial period (€ million) 2026/27 2025/26 + / – in % 2026/27 2025/26 +/- in % Revenues 573 522 9.8 1,131 1,076 5.1 Operating EBITDA 72 49 46.9 140 115 21.7 Operating EBITDA margin 12.6% 9.4% 12.4% 10.7% Depreciation -23 -22 4.5 -47 -44 6.8 Operating result 49 27 81.5 93 71 31.0 Q2 H1
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FINANCIAL TRANSPARENCY Südzucker Audio Webcast H1 2026/27, 08 October 202614 CropEnergies segment – Development H1 2026/27 Operating EBITDA • Significant increase • Significantly increased renewable ethanol market pricing combined with significantly lower net raw material costs drove a substantial increase in operating EBITDA Revenues • Moderate increase • Driven by significantly higher renewable ethanol prices despite slightly lower sales volumes (€ million) 2026/27 2025/26 + / – in % 2026/27 2025/26 +/- in % Revenues 243 196 24 438 402 9 Operating EBITDA 44 1 > 100 68 4 > 100 Operating EBITDA margin 18.1% 0.5% 15.5% 1.0% Depreciation -9 -9 – -17 -17 – Operating result 35 -8 – 51 -13 – Q2 H1 * +/- in % refers to the year-on-year comparison with the same financial period
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FINANCIAL TRANSPARENCY Südzucker Audio Webcast H1 2026/27, 08 October 202615 Starch segment – Development H1 2026/27 Operating EBITDA • Significant improvement • Higher ethanol margins supported by lower raw material costs partly mitigated the impact of lower selling prices for core products (apart from ethanol) Revenues • Slight decline • Higher sales volumes for main products and higher ethanol prices mitigated the impact of lower selling prices for starch and sweetening products • Satisfactory sales development of native and modified starches (€ million) 2026/27 2025/26 + / – in % 2026/27 2025/26 +/- in % Revenues 228 229 -0.4 456 474 -3.8 Operating EBITDA 16 14 14.3 36 29 24.1 Operating EBITDA margin 7.0% 6.1% 7.9% 6.1% Depreciation -12 -12 – -24 -24 – Operating result 4 2 100.0 12 5 > 100 Q2 H1 * +/- in % refers to the year-on-year comparison with the same financial period
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FINANCIAL TRANSPARENCY Südzucker Audio Webcast H1 2026/27, 08 October 202616 Fruit segment – Development H1 2026/27 Operating EBITDA • Slight decrease • Improvement in fruit preparations supported by positive development in the Middle East and Africa – a better holding result and the first-time consolidation of AGRANA Fruit Emba d.o.o. • Significant deterioration in fruit juice concentrates due to lower contribution margins and higher idle capacity costs Revenues • Moderate increase • Revenues in fruit preparations increased moderately due to higher volumes and prices • Revenues in fruit juice concentrates declined significantly due to lower prices (€ million) 2026/27 2025/26 + / – in % 2026/27 2025/26 + / – in % Revenues 446 414 7.7 894 858 4.2 Operating EBITDA 39 41 -4.9 83 87 -4.6 Operating EBITDA margin 8.7% 9.9% 9.3% 10.1% Depreciation -13 -9 44.4 -23 -19 21.1 Operating result 26 32 -18.8 60 68 -11.8 Q2 H1 * +/- in % refers to the year-on-year comparison with the same financial period
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FINANCIAL TRANSPARENCY 3 Income statement Südzucker Audio Webcast H1 2026/27, 08 October 202617 Agenda
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FINANCIAL TRANSPARENCY Südzucker Audio Webcast H1 2026/27, 08 October 202618 Income statement H1 2026/27 Result: Restructuring & special items • Result attributable to CropEnergies segment • Prior year: Mainly sugar and special products segments Result: Companies consolidated at equity • Attributable to Starch segment Financial result • Interest expense increase due to higher average interest rates 4.2% (3.7%) as well as higher interests for pension and factoring program • Other financial result: lower FX losses; prior year included impairment loss (€ million) 2026/27 2025/26 +/- in % 2026/27 2025/26 +/- in % Revenues 2,130 2,046 4.1 4,188 4,199 -0.3 Operating EBITDA 168 93 80.6 303 189 60.3 Depreciation -77 -73 5.5 -150 -147 2.0 Operating result 91 20 > 100 153 42 > 100 Result from restructuring/special items 2 -10 – 6 -33 – Result from companies consolidated at equity 2 -2 – 5 -8 – Result from operations 95 8 > 100 164 1 > 100 Financial result -33 -38 -13.2 -67 -70 -4.3 Earnings before tax 62 -30 – 97 -69 – Taxes on income -21 5 – -36 9 – Earnings after tax 41 -25 – 61 -60 – of which attributable to Südzucker AG shareholders 28 -32 – 34 -62 – of which attributable to other non-controlling interests 13 7 85.7 27 2 > 100 Earnings per share (€) 0.10 -0.20 – 0.09 -0.38 – H1Q2 * +/- in % refers to the year-on-year comparison with the same financial period
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FINANCIAL TRANSPARENCY 4 Cash flow Südzucker Audio Webcast H1 2026/27, 08 October 202619 Agenda
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FINANCIAL TRANSPARENCY Südzucker Audio Webcast H1 2026/27, 08 October 202620 Cash flow from operating activities and investments Major cash flow movements • Reduction in working capital resulted in a cash inflow of € 252 million (cash inflow PY: € 197 million) mainly due to sale of sugar inventories and the offsetting payments for sugar beets • Investments in financial assets and acquisitions amounting to € 50 million mainly related to the acquisition of 100% shares in Mercator- Emba, Slovenia, by AGRANA with cash purchase price of € 47 million (€ million) 2026/27 2025/26 + / – in % 2026/27 2025/26 + / – in % Net income 41 -25 – 61 -60 – Depreciation including write-ups and impairment losses 75 76 -1.3 148 152 -2.6 Increase (-) / Decrease (+) in working capital 342 241 41.9 252 197 27.9 Other changes -19 -28 -32.1 -20 -34 -41.2 Cash flow from operating activities 439 264 66.3 441 255 72.9 Investments in fixed assets and intangible assets Sugar segment -56 -55 -1.8 -97 -111 -12.6 Special products segment -10 -19 47.4 -22 -45 -51.1 CropEnergies segment -14 -15 6.7 -28 -37 -24.3 Starch segment -4 -4 0.0 -6 -6 0.0 Fruit segment -17 -11 -54.5 -29 -20 45.0 Total investments in fixed assets -101 -104 -2.9 -182 -219 -16.9 Investments in financial assets/acquisitions -6 -3 100.0 -50 -3 > 100 Total investments -107 -107 0.0 -232 -222 4.5 Q2 H1
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FINANCIAL TRANSPARENCY 5 Balance sheet Südzucker Audio Webcast H1 2026/27, 08 October 202621 Agenda
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FINANCIAL TRANSPARENCY Südzucker Audio Webcast H1 2026/27, 08 October 202622 Balance sheet H1 2026/27 Net financial debt development in H1 2026/27 • Positive cash flow from operating activities of € 441 million • Investments in fixed and financial assets: € 232 million • Strong net cash inflow led to a reduction in net financial debt by € 162 million to € 1,588 million as of 31 Aug 2026 (28 Feb 2026: € 1,750 million) (€ million) 31-Aug-2026 28-Feb-2026 rAug. 26 vs. Feb. 26 31-Aug-2025 rAug. 26 vs. Aug. 25 Assets Non-current assets 4,238 4,137 101 4,489 -251 Current assets 3,861 4,261 -400 4,009 -148 Total assets 8,099 8,398 -299 8,498 -399 Liabilities and equity Total equity 3,601 3,505 96 3,836 -235 Non-current liabilities 3,009 2,705 304 2,504 505 Current liabilities 1,489 2,188 -699 2,158 -669 Total liabilities and equity 8,099 8,398 -299 8,498 -399 Working Capital 2,038 2,253 -215 2,256 -218 Capital Employed 5,882 6,019 -137 6,455 -573 Net financial debt 1,588 1,750 -162 1,674 -86 Equity ratio (%) 44.5 41.7 2.8 45.1 -0.6
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FINANCIAL TRANSPARENCY 6 Outlook FY 2026/27 Südzucker Audio Webcast H1 2026/27, 08 October 202623 Agenda
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FINANCIAL TRANSPARENCY Südzucker Audio Webcast H1 2026/27, 08 October 2026 Outlook for 2026/27 (I) – Group key figures 2025/26 2026/27e Operating EBITDA € 535 million € 540 – 680 million Operating Cash Flow € 462 million > Previous year Investments in Fixed Assets € 450 million < Previous year Net Financial Debt € 1,750 million < Previous year Capital Employed € 6,019 million ~ Previous year ROCE 2.7% > Previous year Equity Ratio 41.7% > Previous year 24
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FINANCIAL TRANSPARENCY Südzucker Audio Webcast H1 2026/27, 08 October 2026 Outlook for 2026/27 (II) – Group key figures Revenues Operating EBITDA 2025/26 2026/27e 2025/26 2026/27e Sugar € 2.8 billion € -17 million € -60 to +40 million Special products € 2.2 billion € 266 million CropEnergies € 0.8 billion € 71 million Starch € 0.9 billion ➔ € 69 million Fruit € 1.6 billion € 146 million ➔ Group € 8.4 billion € 8.3 – 8.7 billion € 535 million € 540 – 680 million incl. Group holding 25
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FINANCIAL TRANSPARENCY Südzucker Audio Webcast H1 2026/27, 08 October 202626 Q&A Thank you for your attention. We look forward to your questions.
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FINANCIAL TRANSPARENCY Südzucker Audio Webcast H1 2026/27, 08 October 202627 Appendix
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FINANCIAL TRANSPARENCY Südzucker Audio Webcast H1 2026/27, 08 October 202628 Sugar segment – At a glance Op. EBITDA 2025/26 -17 € million Outlook 2026/27e -60 to +40 € million Revenues 2025/26 2,786 € million Outlook 2026/27e Sugar segment (€ million) 2026/27 2025/26 + / – in % 2026/27 2025/26 + / – in % Revenues 640 685 –6.6 1,269 1,389 –8.6 Operating EBITDA -3 -12 –75.0 –24 –46 –47.8 Operating EBITDA margin (%) -0.5 -1.8 –1.9 –3.3 Depreciation -20 -21 –4.8 –39 –43 –9.3 Operating result -23 -33 –30.3 –63 –89 –29.2 Result from restructuring and special items 1 -11 – 1 –30 – Result from companies consolidated at equity 0 -1 –100.0 0 –1 –100.0 Result from operations -22 -45 –51.1 –62 –120 –48.3 Investments in fixed assets and intangible assets 56 55 1.8 97 111 –12.6 Investments in financial assets and acquisitions 0 0 – 0 0 – Total investments 56 55 1.8 97 111 –12.6 Shares in companies consolidated at equity 23 27 –14.8 Working Capital 1,071 1,175 –8.9 Capital employed 2,364 2,860 –17.3 Employees (FTE) 5,774 6,222 –7.2 Q2 H1 H1 2026/27 Outlook 2026/27
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FINANCIAL TRANSPARENCY Südzucker Audio Webcast H1 2026/27, 08 October 202629 Special products segment – At a glance H1 2026/27 Op. EBITDA 2025/26 266 € million Outlook 2026/27e Revenues 2025/26 2,216 € million Outlook 2026/27e Special products segment (€ million) 2026/27 2025/26 + / – in % 2026/27 2025/26 + / – in % Revenues 573 522 9.8 1,131 1,076 5.1 Operating EBITDA 72 49 46.9 140 115 21.7 Operating EBITDA margin (%) 12.6 9.4 12.4 10.7 Depreciation -23 -22 4.5 –47 –44 6.8 Operating result 49 27 81.5 93 71 31.0 Result from restructuring and special items 0 0 – 0 –4 –100.0 Result from companies consolidated at equity 0 0 – 0 0 – Result from operations 49 27 81.5 93 67 38.8 Investments in fixed assets and intangible assets 10 19 –47.4 22 45 –51.1 Investments in financial assets and acquisitions 0 0 – 0 0 – Total investments 10 19 –47.4 22 45 –51.1 Shares in companies consolidated at equity – 0 0 – Working Capital 461 520 –11.3 Capital employed 1,859 1,960 –5.2 Employees (FTE) 5,422 5,398 0.4 Q2 H1 Outlook 2026/27
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FINANCIAL TRANSPARENCY CropEnergies segment – At a glance Südzucker Audio Webcast H1 2026/27, 08 October 202630 Op. EBITDA 2025/26 71 € million Outlook 2026/27e Revenues 2025/26 793 € million Outlook 2026/27e H1 2026/27 Outlook 2026/27 CropEnergies segment (€ million) 2026/27 2025/26 + / – in % 2026/27 2025/26 + / – in % Revenues 243 196 24.0 438 402 9.0 Operating EBITDA 44 1 > 100 68 4 > 100 Operating EBITDA margin (%) 18.1 0.5 15.5 1.0 Depreciation -9 -9 – –17 –17 – Operating result 35 -8 – 51 –13 – Result from restructuring and special items 0 2 –100.0 4 1 > 100 Result from companies consolidated at equity 0 0 – 0 0 – Result from operations 35 -6 – 55 –12 – Investments in fixed assets and intangible assets 14 15 –6.7 28 37 –24.3 Investments in financial assets and acquisitions 0 1 –100.0 0 1 –100.0 Total investments 14 16 –12.5 28 38 –26.3 Shares in companies consolidated at equity 0 0 – Working Capital 64 140 –54.3 Capital employed 484 528 –8.3 Employees (FTE) 519 537 –3.4 Q2 H1
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FINANCIAL TRANSPARENCY Starch segment – At a glance Südzucker Audio Webcast H1 2026/27, 08 October 202631 Op. EBITDA 2025/26 69 € million Outlook 2026/27e Revenues 2025/26 911 € million Outlook 2026/27e ➔ Starch segment (€ million) 2026/27 2025/26 + / – in % 2026/27 2025/26 + / – in % Revenues 228 229 –0.4 456 474 –3.8 Operating EBITDA 16 14 14.3 36 29 24.1 Operating EBITDA margin (%) 7.0 6.1 7.9 6.1 Depreciation -12 -12 – –24 –24 – Operating result 4 2 100.0 12 5 > 100 Result from restructuring and special items 1 -1 – 1 0 – Result from companies consolidated at equity 2 -1 – 5 –7 – Result from operations 7 0 – 18 –2 – Investments in fixed assets and intangible assets 4 4 – 6 6 – Investments in financial assets and acquisitions 0 2 –100.0 3 2 50.0 Total investments 4 6 –33.3 9 8 12.5 Shares in companies consolidated at equity 79 57 38.6 Working Capital 84 66 27.3 Capital employed 349 360 –3.1 Employees (FTE) 970 998 –2.8 Q2 H1 H1 2026/27 Outlook 2026/27
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FINANCIAL TRANSPARENCY Fruit segment – At a glance Südzucker Audio Webcast H1 2026/27, 08 October 202632 Op. EBITDA 2025/26 146 € million Outlook 2026/27e ➔ Revenues 2025/26 1,646 € million Outlook 2026/27e Fruit segment (€ million) 2026/27 2025/26 + / – in % 2026/27 2025/26 + / – in % Revenues 446 414 7.7 894 858 4.2 Operating EBITDA 39 41 –4.9 83 87 –4.6 Operating EBITDA margin (%) 8.7 9.9 9.3 10.1 Depreciation -13 -9 44.4 –23 –19 21.1 Operating result 26 32 –18.8 60 68 –11.8 Result from restructuring and special items 0 0 – 0 0 – Result from companies consolidated at equity 0 0 – 0 0 – Result from operations 26 32 –18.8 60 68 –11.8 Investments in fixed assets and intangible assets 17 11 54.5 29 20 45.0 Investments in financial assets and acquisitions 6 0 – 47 0 – Total investments 23 11 > 100 76 20 > 100 Shares in companies consolidated at equity 0 0 – Working Capital 358 355 0.8 Capital employed 826 747 10.6 Employees (FTE) 5,755 5,961 –3.5 Q2 H1 H1 2026/27 Outlook 2026/27
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FINANCIAL TRANSPARENCY Südzucker Audio Webcast H1 2026/27, 08 October 202633 Liquidity profile end of period (€ million) Q2 2025/26 Q3 2025/26 Q4 2025/26 Q1 2026/27 Q2 2026/27 Net financial debt -1,674 -1,835 -1,750 -1,855 -1,588 Cash & Cash equivalents / securities 669 340 407 256 652 Gross financial debt -2,343 -2,175 -2,157 -2,111 -2,240 Long-term financial debt -1,341 -1,301 -1,575 -1,590 -1,936 Short-term financial debt -908 -788 -492 -434 -223 Leasing -93 -87 -90 -87 -82 Bank credit lines 870 718 897 900 1,046 undrawn 482 377 474 464 467 Syndicated loan 800 800 800 800 800 undrawn 800 800 800 800 800 Syndicated loan Agrana 365 250 250 250 250 undrawn 315 235 250 205 200 Commercial paper program 600 600 600 600 600 undrawn 600 379 354 560 600 Bank credit lines (undrawn) 482 377 474 463 467 + Cash & cash equivalents / securities 669 340 407 256 652 + Syndicated loan (undrawn) 1,115 1,035 1,050 1,005 1,000 + Commercial paper (undrawn) 600 379 354 560 600 = Total liquidity reserves 2,866 2,131 2,284 2,285 2,719
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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% Südzucker Audio Webcast H1 2026/27, 08 October 2026 Strengthened financial foundation through forward-looking financing measures (€ million) ▪ Successfully priced a € 400 million corporate bond maturing in 2031 ▪ Reduced outstanding principal amount of the sustainability bond from € 400 million to € 179 million ▪ Successful tap of € 75 million in March 2026 on initial € 500 million bond, with remaining term of 6 years until 2032 ▪ AGRANA signed new € 200 million credit line via OeKB in June 2026 (5-year term) to refinance maturities in 2026 & 2027 ▪ Successful extension of € 800 million syndicated loan until 2031 Key financial instruments and maturity profiles * Maturity: May 2031/€ 800 million, December 2028/€ 250 million ** Following a tender offer launched on 26 May 2026, the outstanding principal amount of the bond was reduced from the original € 400 million to € 178.7 million Commercial Paper Program € 600 million (perpetual) Syndicated credit lines € 1,050 million * Hybrid bond € 700 million (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 34
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FINANCIAL TRANSPARENCY Südzucker Audio Webcast H1 2026/27, 08 October 202635 Investor Relations CONTACT Andreas Rothe Head of Investor Relations Dr . Modan Huang Senior Manager Investor Relations T el. +49 (621) 421 – 240 E-mail investor .relations@suedzucker .de FINANCIAL CALENDER Q3 – Quarterly statement 1st to 3rd quarter 2026/27 14 January 2027 Preliminary figures Fiscal 2026/27 26 April 2027 Press and analysts´ conference Fiscal 2026/27 20 May 2027 Q1 – Quarterly statement 1st quarter 2027/28 8 July 2027 Annual general meeting Fiscal 2026/27 15 July 2027 Q2 – Half-year financial report 1st half year 2027/28 7 October 2027