KWS SAAT & (KWS) Investor presentation summary

Strategic vision and market positioning

• Focus on sustainable, profitable growth through innovation in plant breeding and trusted partnerships.

• Leading specialist in plant breeding with a broad portfolio covering 11 of the 13 most important crops.

• Clear strategic framework targets 3-5% organic sales growth and 19-21% EBITDA margin.

• Market leadership in sugarbeet, silage corn, and hybrid cereals in Europe.

• Expansion into high-value segments like vegetables and plant-based food ingredients.

Financial performance and capital allocation

• FY 2024/25 net sales at €1,677m, EBITDA at €350.5m, and net income at €140m.

• Free cashflow more than doubled to €123m, net debt reduced to €62m (0.2x EBITDA).

• Dividend per share increased by 25% to €1.25, with a new payout policy of 25-30% of adjusted net income.

• Strong track record of profitable growth with 10.2% sales CAGR and 14.3% EBITDA CAGR over recent years.

• Continued high investments in R&D (~20% of sales) and digitalization.

Segment performance and innovation

• Sugarbeet segment achieved 2.2% organic growth, driven by innovations like CONVISOⓇ SMART and CR+ varieties, accounting for 61% of segment sales.

• Corn segment saw a 1.6% organic sales decline, impacted by North America; strategic realignment completed with divestitures in China and South America.

• Cereals segment sales declined 4.5%, mainly due to weak commodity prices and increased R&D investment.

• Vegetables segment grew 16%, led by spinach sales, but EBITDA impacted by investments in breeding and infrastructure.

• Record number of new variety approvals (584 in FY 2024/25) strengthens product pipeline.